diff --git "a/reddit_finance_43_250k_358.txt" "b/reddit_finance_43_250k_358.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_358.txt" @@ -0,0 +1,10000 @@ +If you want to find out where your wife's boyfriend's VWAP is check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +For our live audio feed the [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After hours and post AMA Wrap + +So here are the stats + +https://preview.redd.it/em1m1dpj6ry61.png?width=712&format=png&auto=webp&s=1e2a23f3e4d2f26905c757254406f8e5d7a49d5a + +Looking super bullish for tomorrow Margin calls, crazy tweets, vote rolling in. I'm pretty excited hope your are too. AMA was interesting we did it on stream by request so sorry for the late update appreciate you guys and see you tomorrow. + +\- Gherkinit + +[Hanging with atobitt, zen...](https://preview.redd.it/i09rtx0w6ry61.png?width=1585&format=png&auto=webp&s=04ba358ab2ac3fb9fb5a606c54a7419d7eb4d4ce) + +Edit 14 3:50 + +Sorry for the delay we just went down with the market for a bit but the turn around for the last 15 looks good. Also I'll be doing the AMA on stream after-hours. + +https://preview.redd.it/wiizcfxmuqy61.png?width=1122&format=png&auto=webp&s=0e24951cf78a909f3fda0d3defbcf94ba7d0ae89 + +Edit 13 2:35 + +VIX up market down, CNBC talking about things GME going up Looks like a fun day to own stonks !! + +https://preview.redd.it/b8y9p8hfhqy61.png?width=1734&format=png&auto=webp&s=ab1d7b609fc6842ffb3b0dd6d428dcb854384a34 + +Edit 12 1:56 + +Nice THICC double bottom volume coming in a bit + +https://preview.redd.it/y0ufd1pkaqy61.png?width=1220&format=png&auto=webp&s=b5d04e2e056f051c1cfa2b302c71548ac71bdddc + +Edit 11 1:15 + +I think they are just trying to stifle FOMO. At this point I'm looking for a bounce on VWAP volume is picking up though power hour could be exciting today. + +https://preview.redd.it/igi1pg3d3qy61.png?width=1074&format=png&auto=webp&s=702055f3b6d7b957bee38b3f54c46419bfa49250 + +Edit 10 1:02 + +Volume backed consolidating a little looks like we are gonna keep going. + +https://preview.redd.it/7jw17e3t0qy61.png?width=1053&format=png&auto=webp&s=656cc441b9a586969899ac1299bb01755ef35a1c + +Edit 9 12:50 + +Is this moon? Idk but our volume is so low the stocks barely trading + +https://preview.redd.it/gf94o49rypy61.png?width=927&format=png&auto=webp&s=4d5231a03b6dcd2aa7b165c62d97d3a3b5c715ec + +Edit 8 12:33 + +Shhh... we are crossing VWAP + +https://preview.redd.it/nobpe7govpy61.png?width=1147&format=png&auto=webp&s=8a4e78c20e7830cb792353ff1014e1822edfd5e3 + +Edit 7 11:57 + +One ticket on the FomoVator please? + +https://preview.redd.it/dak4n4p8ppy61.png?width=1018&format=png&auto=webp&s=ea8a74953e4c9b36284bf3dd86c11e87f5bd1101 + +Edit 6 11:48 + +HMmm... + +https://preview.redd.it/m0lbrcyknpy61.png?width=709&format=png&auto=webp&s=5ead29cb33368f2addd64c0d63658fabaf5d3424 + +Edit 5 11:15 + +Nice double bottom markets coming back a bit if volume kicks we can see some action. + +https://preview.redd.it/alefv02phpy61.png?width=935&format=png&auto=webp&s=0eb183657888dd32404b5c8ab638358b771f9e1e + +Edit 4 11:00 + +Market trending downwards is pulling us down but not by much I'm kind of of amazed at how stable we are in comparison. But volume is still low 689k. + +https://preview.redd.it/ecv3t2p4fpy61.png?width=1014&format=png&auto=webp&s=987fa97f33bb5ab23289844eb3a05d42c8c59ae3 + +Edit 3 10:15 + +Looking nice volume coming hit we hit a little stumble there but looks like it's gonna continue up. Remember they still have shares to borrow. + +https://preview.redd.it/04g0hjn07py61.png?width=1046&format=png&auto=webp&s=ac4a02599977e77430982b62236e1b2653379a4f + +Edit 2 9:54 + +Nice recovery 200k shares borrowed and it looks like they used them to trigger a downside on inflation fears we are coming back nicely above VWAP looking good low sell pressure. + +https://preview.redd.it/ylw406893py61.png?width=995&format=png&auto=webp&s=dfd5e43a6ff10c4e7efab7dca3a56694369f89a7 + +Edit 1 9:35 + +Crazy low opening candle @ 73k. Could see a dip on inflation news and also they have borrowed some shares as well. + +https://preview.redd.it/wtvr0daozoy61.png?width=1122&format=png&auto=webp&s=e336189b271f93070ef6afa693e1c443c936630c + +# Pre-Market Analysis + +Pre-Edit 1 8:30 + +Looks like GME traded mostly sideways through the night. Volume is kind of low 6.6k. + +https://preview.redd.it/iq6o1gtlpoy61.png?width=1127&format=png&auto=webp&s=ad38bbc7163b3534a72041cd11b6943781073f1d + +Bands are tight and TTM Squeeze is firing at 9 signals + +https://preview.redd.it/c2t6e39kpoy61.png?width=1526&format=png&auto=webp&s=fca28679b0202c6644a54c337411a3d12bea3d2e + +Lastly here is where we are on the pennant working our way back up to that 157 floor + +https://preview.redd.it/269zfwtepoy61.png?width=1125&format=png&auto=webp&s=9726aa71aed9c91bea808d0e4db0e6506724efcf + +If anyone is curious about this action I predicted it [here](https://www.reddit.com/r/Superstonk/comments/mx8nit/whats_coming_some_dd_for_the_week_of_4262143021/) just some 14 days before other people renamed it...lol + +&#x200B; + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +So I'm a frequenter at the local Burger King in my area and its always open until midnight everyday. And the young lady who I always see to take my order is this mid-late 50's Mexican immigrant. I'm assuming she is an immigrant because she speaks the bare-minimum amount of English for being able to take your order. And let me tell you, she works her ASS off, sometimes ALONE! Being in a smallish college-town, this is THE only fast-food joint open until midnight and the line tends to get smashed with customers the last 30 mins before closing. And keep in mind she's ALWAYS working midnight closing shift. Last night I passed by and ordered my usual 2 burgers for $7 meal and pulled up to the window. The first thing she said after I asked "Hey! How's it going tonight?" was one of the most depressing "I'm very tired" (s) I've ever heard. I straight up almost teared up in my car eating my two burgers thinking about how much she probably struggles every day trying to provide for whatever dependents she has, if she has any. Not to mention the rent where I live is expensive AF (I live in my car), so she most definitely lives at least 30 min to an hour away where rent becomes marginally more affordable for someone in her situation...Anyways, when MOASS comes crashing down on us, I made a promise to myself last night that she'll have a reason to celebrate MOASS with us. That's the least I can do with the occasional free Icee she gets me. Godspeed Apes, MOASS tomorrow. +If an another ape can put the article in below so as to not give them clicks, I have an award for them. Maybe Gamestop pulls out of NYSE and uses FTX as their exchange? + +https://www.cnbc.com/2022/05/19/crypto-exchange-ftx-us-gets-into-stock-trading.html +Yes, you read that title right. I'm going to share with you what it takes to become wealthy using just the top two large cap crypto. This might seem absurd compared to the 100x magic bullet micro cap coins that everyone else digs up. + +*Niceee. Finally someone made a go to guide that is gonna get us lambos.* + +Uhh.. Not quite. You see lets define **WEALTHY** and see how it is different from the word **Rich.** + +[Ahem, yeah we know how to google and english man, stop messing with us](https://preview.redd.it/wn29xvvhby581.png?width=821&format=png&auto=webp&s=53ad7fbddde9764030f33de95f24f292a3611854) + +https://preview.redd.it/4eru9i3lby581.png?width=840&format=png&auto=webp&s=8c6b46501864bce6bbf225e78d294ff48c861508 + +Alright lets just compare rich versus wealthy. Then you might be enlightened: + +[Assorted collection of article headings from countless websites explaining the difference](https://preview.redd.it/8pf36i0lcy581.png?width=1016&format=png&auto=webp&s=b777b34aa5147772aa7f0f7042f4eb2cefef93cf) + +Basically, the **rich have a large sum of money while the wealthy are able to generate enough money to always be rich.** + +My goal with this method of investment is to ensure that following it, we end up with enough investment that we are able to generate wealth passively that is enough to aid or even sustain living comfortably. + +*Okay... Spill the beans, what do we need to do ?* + +This stratergy requires you to put in three things: + +1. Time +2. Money +3. Effort and Perseverance + +*-ROLLS EYES- Yeah if we had money to throw around we would have been rich in the first place. What troll is this ?* + +Not quite. What I am proposing is a simple yet effective stratergy that we have heard a bazillion times on this subreddit. And that is **DCA !!!** + +*Oh F Off man, downvote, report. Ban this guy from this sub* + +Wait wait, let me explain it in detail. This is worth your time. + +Consider getting a 10 percent average year on year growth in the price of an asset. This means if it costs 100$ to buy today, then next year it will cost 110$, and the year after that it will cost 121$ and so on. So what we are going to do is invest in a periodic manner into this asset so that over the course of multiple years our investments grows substantially. How substantially ? It might blow your mind + +[Ignore the Indian Rupee, the calculation is independent of the currency and only dependent on the amount](https://preview.redd.it/v14fcuztey581.png?width=885&format=png&auto=webp&s=1a88304dd2cffadef7d299668dbdce2038fac94f) + +Imagine putting in 500$ a month for the next 10 years + +When the 10 years have come, you would have invested i.e spent out of your pocket **60,000$** + +But when you are going to cash out, you have over **100,00$** at your disposal. So you have made a profit of **43,000$** which is a 71 percent profit + +*Pffftt... 71 percent. Those are rookie numbers.* + +But wait a minute, we considered a 10 percent year on year growth right ? That means that if ETH today costs 4000$ then it must cost no more than 4400$ next year to be 10 percent growth.... LOL you think thats the potential of ETH or BTC ? We have seen so much movement within the last few months that over the course of multiple years or a bear and bull cycle, we can easily have a positive outlook. Thats the beauty of this method. Lets just put in a quick 15 percent optimistic rise. A little dirty mind math says we can expect to double the price of ETH within 6 or 7 years. Then..... + +[Interesting isn't it ?](https://preview.redd.it/wsh0ko0xgy581.png?width=885&format=png&auto=webp&s=36b929fc5efbb41abbc59c6ebcc470a848c745f7) + +Your investment amount for 10 years still is the same at 60,000$ but your profits went from \~43,000$ to \~**80,000$ which is almost doubling.** Again a 15 percent year on year growth might still be conservative. Punching a 20 percent just to see the madness unfold + +[Voila](https://preview.redd.it/fysnp63ahy581.png?width=885&format=png&auto=webp&s=401a475920cfd357c68ed29359683e6f942c26f5) + +Your profits are **200 percent of your investment. ie you have tripled the amount of money you have put into crypto.** + +Now of course, there is one more thing that I haven't told you guys and that is **step up** in investment as well. Over the course of ten years, it is likely that your fiat paying job will progress and you can afford to invest more as the years go by. This is the "stepping up" of your monthly investment. Lets say for the first 12 months you do 500$ a month and then then next 12 months at 550$ dollars a month which means every year, you are increasing your monthly investment amount by 10 percent. Adding that into the calculation we can have the hopium overdose of... + +[2.5X your intial investment by just blindly throwing money at the top 2 crytpo with no other plans or chart looking or anything](https://preview.redd.it/xns4em44iy581.png?width=885&format=png&auto=webp&s=86967afe6d00c0e9ce8b2c28aef5951a35a2bef2) + +This also ignores other key aspects where you can further increase the returns. Buying ETH means you can stake them for even more returns **BUT those returns are in ETH itself which increases in price. This compounds things so much that I am unable to find an online calculator (LOL)** + +So I hope I have convinced you on why DCA or SIP (Systematic Investment Plan) is a much more easy and much less risky than the concept of just chasing the next micro cap shilling and scams. + +BUT, as with the case, there are caveats. My recommendation for ETH and BTC are the follows: + +1. BTC is the OG and will always be a part of institutional investment. +2. ETH is the largest platform as a crypto that exists today. Years of development and countless projects have made it the largest to the point where we can safely assume it will be the baseline standard for years to come. +3. Compared to a lot of cyrpto celebrity, Vitalik Buterin, the co founder of ETH is much more of a good person who has a good track record of being on the morally right side. Yes their track record of delivering updates has been sub par to put it mildly. But the team are working hard led by a man who is as much a nerd as we are and I genuinely believe he wants ETH to succeed to make the world a better place. +4. Competition for ETH in the form of other coins have been growing and is ever present. But they also are facing their fair share of troubles and issues. Apart from marketing, nothing can claim to be an ETH killer. + +And more importantly about the things that we put in: + +1. The MONEY part. Yes there is no beating around the bush with it. Invest what you can. Rather than dreaming of what you could put in, put in what you have right now. +2. The TIME part. Yes this is a long term plan that indeed makes you wealthy. You'll have a decent chunk of money by the end of the SIP that you can use to it buy a house, buy something that makes you happy +3. The EFFORT and PERSEVERANCE part. You need to be patient for this to pay off. Unless you definitely need the money, try sticking to investing the amount you planned. Persevere and it will pay off definitely. + +This is just my own 2 cents about how I plan to try and retire in the next 15 years. I wanted to share with you guys to show that it really is possible. Thank you if you read till here and gave this idea a thought. But, if you scrolled till here, then TLDR is **DCA FOR TEN YEARS !!!!!!** + +I'll be making a follow up post on what I plan to do when I cash into the DCA. If there is anything I missed or is wrong, let me know in the comments and I'll put those into the post and the next one. Share your thoughts too :) +Hey All, + +I posted her a while back on my [$250K Problem](https://www.reddit.com/r/financialindependence/comments/9c58o2/250k_problem/), in which I am holding way too much cash at the moment. + +For the lazy, I am a divorced 37 Year old single male with 1 child, living in a HCOL area. 6 Years ago I had a -40K net worth after a tough divorce, and I was out of work. I am in software sales, and fortunately since then I had a good couple of years, where I was able to learn to earn and save and to get where I am today. I currently have fluctuating net worth of between 440-460K, depending on the market. + +I have saved every penny I could, rented out my apartment on Airbnb during business trips, flipped goods on ebay, lived a very minimalist life, with the plan of retiring at the age of 45, with a million in the bank. I cant stress enough that the lessons that I learned while broke have taught me financial discipline. + +My current assets look like: + +IRA: [60K (Vanguard diversified ETFS)](https://imgur.com/a/xqcoRto) + +529: 10K (age based plan) + +401K: 128K (Max contributions, 3% match, 2045 Target Retirement Mix Fund) + +Play Investments: SPY 12K, FB 1K, CAD 3K, XOM 1K + +Bank: 14K + +Money Market: 211K + +I wanted to share my plan with you, and get your general feedback on how to achieve my goals, and if these are attainable, based on my modeling: + +1. I currently (and continue) to save at least 54K per year, but plan on 58K + +* 6K IRA +* 18K 401K +* 30K annually to Vanguard (currently hitting money market) + +1. Given my calculations, I feel that it will be possible to hit 1MM as long as I can secure 4% YoY growth. + +Does anyone think Im crazy? Any way to put my money to work with minimal risk to hit that 4% YoY growth? + +&#x200B; + +Thanks for all of your support + +&#x200B; + +[https://imgur.com/9ufpLeT](https://imgur.com/9ufpLeT) + +&#x200B; + +[Edit: I have a plan for the cash that I have been looking at. It is probably over diversified, but any feedback would be helpful. You can see my possible breakdown here: Imgur is down, will edit in a few](https://imgur.com/9YmCWSR) + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +The principal of sound money is *THE* most important element missing in our modern society + a founding principal of bitcoin, and those that profit from the theft of printing easy money for the use of a few will continue their smear campaign against bitcoin on social media. + +Ask yourself what is more important than sound money? The list shouldn't be more than 3 things long. + +**Edit: and like clockwork there is a bitcoin energy FUD post on r/all** rn +Similar to the CA EV thread last week, the state announces another game changer. When will everyone else follow on this one? + +In a move aimed at reducing huge amounts of plastic litter in the ocean and on land, California Gov. Gavin Newsom has signed a first-in-the-nation law requiring plastic beverage containers to contain an increasing amount of recycled material. + +Under it, companies that produce everything from sports drinks to soda to bottled water must use 15% recycled plastic in their bottles by 2022, 25% recycled plastic by 2025, and 50% recycled plastic by 2030. +I don't know how many of these posts I've seen the past week and they literally say the same thing over and over. + +Yes, there are some legit concerns for ppl who invested more than they should have and are now panicking because of all the red they've been seeing. At the same time though, one could make the argument that the ratio of "Don't Panic" posts to "I'm Panicking" posts is noticeably high. Most people are pretty chill about the dips, so we don't really need 10 "stop panicking this is natural this happens all the time self-help" posts to every 1 "I'm losing my house this week" post. + +Edit: only addressing the overreaction of "don't panic" posts and not addressing whether or not someone should panic - that really is case-by-case. +I'm seriously looking to get better at day trading and swing trading but sifting though the people who are trying to sell something can be tedious and time consuming. I've been trading for about a year with limited success but I feel as if I have a lot to learn. I'm looking for achieved videos and current streams of successful traders who preferrably stream daily, but that isn't a necessity. + +Who do and/or have you guys watched that have helped you become regularly profitable? Any info would be greatly appreciated! Thanks and happy trading! +I don’t wanna rain on anyone’s parade, but I’ve been seeing a lot of paper trader posts showing awesome gains; and I’d like to dole out alittle advice I could’ve used when I first started trading with real money: they are not remotely the same thing. + +See daytrading isn’t about a magic system, indicators, or any of that shit. Its all discipline and risk management while controlling your emotions as you’re making hair-trigger decisions. Paper Trading just doesn’t simulate this at all. It’s like the difference between a NASCAR simulator at an arcade and driving a stock car 200 MPH going into a turn with cars on both sides of you. + +The only way to win in this game is to be disciplined and stick to a plan that makes sense for you. All of us see the market differently and are comfortable with different setups (I.e. your edge). You’re gonna battle every day with emotions and discipline as you try to become a successful trader, learning things such as being comfortable taking a loss in a good setup and watching a bad setup that you passed on be a winning trade. + +Paper trading is an awesome way to start, but please don’t come in with these high expectations, because you’ll win a few trades, oversize your position, and lose substantial parts of your bankroll. .5%-1% is the realistic goal. If you do more, good for you, but for the rest of us this is the realistic goal. An $80,000 bankroll with .5% a day would give you 100k for the year without sizing up, which would mean working less than 15 hours a week with no boss, no corporate bullshit culture, and no commute through city traffic. Good luck to all traders out there, and please remember to start slowly when you come off of paper trading; because you will make a ton of mistakes like we all do, but losing 5k along the way is way better than 25k or more. Hope this helps. +Week 2 is in the books + +Week 2 : profit: $1808 USD= $2223 CAD profit ( day 6 to day 10 breakdown link is below) + +Total: $4854 profit USD + +Started the account with about $9500 USD= $13,387 CAD. + +Ending week 1 at $17509 CAD. + +ending week 2 at $19,732 CAD + +( you would notice even though week 2 was profitable, but the account return went from 30.79% in week 1 to 17.38% in total return. I am in Canada so even though the account traded is in USD, Interactive brokers report is provided in Canadian dollars, drop in percentage is due to USD/CAD fluctuations) + +&#x200B; + +Scanner used: finviz ( this video explains how I use it on a daily basis: [https://youtu.be/FMeJ-khESFQ](https://youtu.be/FMeJ-khESFQ) ) + +Strategy parameters can be found here: [https://www.reddit.com/r/Daytrading/comments/hqgxst/day\_1\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hqgxst/day_1_experimenting_with_a_sub_10k_day_trading/) + +&#x200B; + +https://preview.redd.it/o2jrhc4eh0d51.png?width=2814&format=png&auto=webp&s=27342517e2ec6cb51977f8b7dd7ef3df82f17abe + +&#x200B; + +Week 1 is posted here: [https://www.reddit.com/r/Daytrading/comments/hu5yyy/week\_1\_experimenting\_with\_a\_10k\_trading\_account/](https://www.reddit.com/r/Daytrading/comments/hu5yyy/week_1_experimenting_with_a_10k_trading_account/) + +Day 6: $798 USD profit [https://www.reddit.com/r/Daytrading/comments/huqqqu/day\_6\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/huqqqu/day_6_experimenting_with_a_sub_10k_day_trading/) + +Day 7: $344 USD profit [https://www.reddit.com/r/Daytrading/comments/hvcpin/day\_7\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hvcpin/day_7_experimenting_with_a_sub_10k_day_trading/) + +Day 8: $1049 USD profit [https://www.reddit.com/r/Daytrading/comments/hvwi0q/day\_8\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hvwi0q/day_8_experimenting_with_a_sub_10k_day_trading/) + +Day 9: $723 USD loss [https://www.reddit.com/r/Daytrading/comments/hwkav3/day\_9\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hwkav3/day_9_experimenting_with_a_sub_10k_day_trading/) + +Day 10: $340 USD profit [https://www.reddit.com/r/Daytrading/comments/hx7dxy/day\_10\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hx7dxy/day_10_experimenting_with_a_sub_10k_day_trading/) +Merry Christmas everyone! I just wanted to float this question to the traders on this sub. I know extensively of both of these types of spreads, I just wanted to know what your preference is between the two and why? When I sell credit spreads I notice that the price direction doesn’t always impact the price of the spread as much as say a debit spread, especially with an expiration longer than a week or two. Sure you get the credit up front but when doing debit spreads it’s always felt more profitable to me, it’s almost like a handicapped call option. Maybe credit spreads are better farther out of the money where you can forget about them? I would appreciate your thoughts below! +So, I invented a killer strategy. Experimenting with it, I tried researching it online, and it turns out some other smart feller already done thunk it up. Even gave it a name - Reverse Gamma Scalping. + +The idea is: I sold a strangle. It started at approximately 0 net delta. As the underlying, for instance, creeps up toward the short call, the Delta starts going negative. To counteract the increasing net loss on the call (increase in the call's value), I purchase shares of the underlying to reset Delta to 0. The ultimate goal is to ensure that if the call makes it into the money, I have some number of shares ready to fulfil assignment purchased at prices much lower than the market. + +Of course it works going the other way as well, short selling shares as it heads for the put. + +My question is if anyone else has experience with this strategy. How often do you balance the Delta, hourly? Daily? When it reaches a certain threshold? + +What are the potential gotchas of this strategy? + +So far it seems to me you can burn a little profit because you tend to end up buying the shares high and selling them low, so that's why I think there must be a sweet spot/best practice for making the adjustments. +I've been a YOLO/Scalper/Meme Trader for the past 2 years. Trying to hit a lucky streak to get my account big enough to sell premium for a decent chunk of money. Well, I've had some good hits, but always ended up losing most of it again, so I'm starting up a test run of 0dte SPX IC's with a portion of my port kind of as practice, kind of being serious to actually build up capital with this strat instead of waiting until I get lucky and hit big to start. + +Started with 1K as collateral for 1 "10 points wide IC" and so far, I am up 43% in 3 days and the strat is feeling pretty good. (If it wasn't for a yolo put on Friday, I would be up 60%) I know I'm still in the very beginning stages and 3 days doesn't tell much, so I'm looking to iron out a solid strat and any pointers would be greatly appreciated. + +Current Log of Trades + +https://preview.redd.it/gym75jlhnan91.png?width=1253&format=png&auto=webp&s=b52f25f7f74461ee2e31c69b09ce5f5808301cee + +Out of 3 IC's, I've only gotten stopped out of a call side once so far. This ended up expiring OTM, but the short leg went as far as 7 points ITM, and I wasn't about to hold it. + +Actual Strat: + +Lay out S/R levels, 20/50EMA, 200SMA and weekly and daily expected moves from the daily chart. (I'll keep some gamma levels and significant numbers like whole numbers in the back of my mind) Watch price action on the 5min chart for price to move impulsively into one of these levels. Gauge momentum, price action, option flows, etc. and if the move seems to be petering out, I'll enter the first leg of the IC on the same side of the market a little bit further out than the next significant level ie if price is moving up but losing momentum, I'll sell call spreads first. Then, upon reversion, I'll look for weakness in momentum of the opposite to enter the other side of the IC. If it breaks out of that level on strong momentum, I'll wait for the next level to see the reaction there. On big trend days, it can be hard to get an entry for the 2nd spread. Stoploss is 10 points away from my short leg or 2x of prem received but I've been adjusting it a bit based on how the chart is looking at the time. + +I feel doing it this way vs entering solely based on expected moves/specific delta, etc. turns this from purely probability based trading into a more price action based discretionary trading (which I've been doing so I'm more familiar with it). Also, waiting for a chunk of the move to happen before I enter is trading theta for more safety(?). I can sell closer to the money a bit safer while trading in some theta. Also, I believe this is what allowed my short legs to stay OTM even on big trend days like the past 3 days. + +I'm aiming for about 15% of collateral on my first leg and will adjust my strikes to fit this a little bit even if the levels don't match up perfectly. Then I shoot for 5% of my collateral when I leg into the 2nd spread, to hit 20% total for the day. I'll take more if the market seems to be allowing me to. This might be too much which is why my short legs are getting so close to getting tested I think? + +There are a few things that I'm trying out along with this strat. The naked long poot on Friday would be an example. I thought the market would have a rejection and a move down on Friday so I sold the call spread first and bought a naked poot with the premium I received. My plan if the trade went my way would've been to look for a bottom to turn the long poot into either a debit spread then leave a chance for me to still leg into the poot side of my IC or to turn the long poot into a credit spread to fill out the other side of my IC where I am already in big profit. Hoping to do something like this to make some extra money on big reversal days. + +If the strat continues to work well, I'm planning on scaling up the number of contracts as soon as I can afford the collateral for the next IC. Sorry for the long post, and any tips would be appreciated. +I thought this was a very good earnings report. I think what this does is shield the stock from a big downside move over the next several months. + +Basically what we are looking at is a (diluted) EPS of 1.21/share. Given a stock price of 21.50, that puts the P/E at 17.75. The question now becomes...how does that P/E of 17.75 compare to similar mortgage companies? I don't know. A P/E of 17.75 doesn't really scream growth though (see TSLA, SNOW, ZM, SQ, for example). Yet this company is making MONEY. + +Right now I own 400 shares with a CB of about 20.90. If all of my11/13 options expire worthless...my CB now goes to 20.10. + +My plan, going forward, is to write weekly calls to make 0.3-0.5 / contract. That would yield 1.3 - 2.3% / week. I would be EXTREMELY happy with that. The company would REALLY have to dog and go to 15-17 for me to rethink that plan. But I think the company itself will trade between 19-23 for the next few months, and it won't make any bigger moves unless there is a market-wide catalyst (nuclear bomb goes off in Canada, aliens land in Maryland, COVID just disappears one day and never to be found again, things like that. + +&#x200B; + +Boys and girls, I think we found a great wheeling and income-generating stock. +Does anyone have an Excel file or Google Sheets they are willing to share to track stocks they Wheel? + +If not I can make one and share it, just let me know what categories you'd like to have. + +I was thinking Stock, Strike Price, Expiry, Premium received, Return on risk, initial POP, then some sot of way of establishing if you closed the option early, got assigned, or got shares called away. +I thought this was a very good earnings report. I think what this does is shield the stock from a big downside move over the next several months. + +Basically what we are looking at is a (diluted) EPS of 1.21/share. Given a stock price of 21.50, that puts the P/E at 17.75. The question now becomes...how does that P/E of 17.75 compare to similar mortgage companies? I don't know. A P/E of 17.75 doesn't really scream growth though (see TSLA, SNOW, ZM, SQ, for example). Yet this company is making MONEY. + +Right now I own 400 shares with a CB of about 20.90. If all of my11/13 options expire worthless...my CB now goes to 20.10. + +My plan, going forward, is to write weekly calls to make 0.3-0.5 / contract. That would yield 1.3 - 2.3% / week. I would be EXTREMELY happy with that. The company would REALLY have to dog and go to 15-17 for me to rethink that plan. But I think the company itself will trade between 19-23 for the next few months, and it won't make any bigger moves unless there is a market-wide catalyst (nuclear bomb goes off in Canada, aliens land in Maryland, COVID just disappears one day and never to be found again, things like that. + +&#x200B; + +Boys and girls, I think we found a great wheeling and income-generating stock. +I am running a cc expiring 12/23 at 165. I always time it badly with Apple. The news is already baked in into the current price or will this explode further. How to manage? Roll it on a next good green day if the stock hadn't decreased or wait until expiry? Goal is to save the shares. I mean if Apple is gonna release an ev car in the future I want to be having the shares I have now. +After selling 300 strike put on TWLO sometime last year, I got assigned as stock plunged. My cost basis is 300 (TOS shows this correctly). With the current price of $90, my current unrealized loss should be $21,000, but TOS shows it $13,000 as of now. +It’s happening for some other similar positions too. + +I did sell some covered call in the last few months after I got assigned, but the realized profit for those CCs aren’t $7000. So, I’m wondering why what going on with unrealized P/L display in my account. + +[https://ibb.co/Fb0kHR2](https://ibb.co/Fb0kHR2) +I hear time and time again that selling puts is dangerous. How is it more dangerous than just buying stock if it's a cash secured put? + +I can understand if you are selling puts you can't afford to purchase, but if it's cash secured it's no more dangerous than buying stock. + +In fact it's less dangerous. If I buy 100 XYZ at $100 and the stock drops 10 points, I'm down $1000 and am stuck bagholding until it comes back up. If instead I sold a $95 put, I get assigned and I'm only down $500 minus the commission I earned selling the put. + +If the stock goes to zero, I'm still better off than the person who just bought the stock outright. + +Just curious on your thoughts. +Does anyone here use Technical Analysis for their theta gang strategies? Or does it not matter strictly going off high IV names. I used to be a TA addict, now I find myself going off the Greeks more. +Using Exxon (XOM) as the example. + +I can sell a put ATM for one month out and collect $310 in premium. + +Alternatively I can sell an ATM put for 21 months out and collect $905 premium. + +So I can get almost 3x as much premium by keeping my collateral locked up 21x as long. I understand I'm less at risk for wild swings in the short term, but that's a HUGE premium hit, bigger than the safety given. + +So who is selling these? +If I sell a $30 vix December call, and VIX spikes drastically up before then is it true that I can’t roll the $30 from December to January for a credit due to the option being tied to the futures price? +Hit a fucking like if we’re holding this god damn GME SHIP! Next week is a big week with the updated shorting data. ARE WE PUSHING FOR A GAMA SQUEEZE OR WHAT? LET ME KNOW WHAT YOU ARE AUTISTICALLY THINKING FELLOW APES 💎💎💎🚀🚀🦍🦍🦍 +Throwaway for obvious reasons. + +This may sound odd and is a privileged problem to have. I've been saving all my life. It's been drilled into me since I was a kid, so I'd start saving pocket money every week. Got to uni and couldn't understand how others got into their overdraft and felt fine over it, couldn't understand how they were spending so much money just on going out, while I ended up saving a large portion of my maintenance grant/student loan rather than need it all. Started working and saved and saved and saved (still allowing for the occasional treat and enjoying life, I just never lost the habit of saving little and often). + +I'm now in the (what should feel) amazing position to nearly have £50k saved at 26, in a role that pays £23k a year. + +But it still doesn't feel like I have that money, not really. It's satisfying to see the numbers go up and that makes it like a game to me, but it just feels like numbers, it doesn't feel like money. Every now and again it hits me that I have enough for a decent deposit on a house and have a great leg up for retiring early if I chose and continued, but it doesn't feel real. + +Does anyone feel detached from their money like this? Is it normal? Does anyone have any advice on how to recognise this as my money and not just a number? Again, I know this is an incredible privilege to have. It's just that I feel like I should be proud of myself but I don't because I feel like I haven't done anything. + +Apologies for the waffle, feel free to delete if this is not the sort of thing this sub is for. + +Thanks so much in advance for any advice. +Bitcoin just made a 31% off its lowest wick of about 17.5k while ETH went up 18% too and some alts also made massive gains in the past days and hours. Soany very quick enough to call this the bottom. But literally everything higher than the 4 hour Charts are looking bearish as hell right now. With the stock market too looking even more bearish than Crypto right now. + +Also if you just think logically of we reverse now this would be the shortest bear marjet Crypto has ever had. And all that in the midst of probably the worst macro-economic outlook since 2008 or even way further down. Also while we are on the brink of a recession that every politician is denying just like they denied inflation a year ago. + +I don't wanna be bearish or so, I'm just trying to remain realistic and obviously we can't predict the next word events or so. But right now it's woukd be a way safer bet to go with the trend and not oppose it. +That's right. Every time crude oil prices have rises by 50% of the standard deviation over a 50 yr period, the stock market has experienced a full recession. We are breaking into that ceiling currently and with the Nasdaq officially entering a correction, there is a VERY high probability the market will fall much further. While this is just a correlation, and a very tight one at that, the possibility of a direct causation is entirely plausible as oil is a commodity that effects nearly all aspects of our lives. It should be noted that foreign wars aren't the only things driving up prices, inflation has hit record highs with the 2 year treasury being close to matching the 10 yr treasury payout which is a phenomenal event. The only real upside to all of this is that corporate earning seem to be doing fine and the fed can still take actions to address inflation without likely escalading the situation which would not prevent a crash, but reduce the time it occurs. This is not financial advise, but I am hedging against further drops to my portfolio though inverse ETFs or other means to prevent excessive bleeding if a crash is to occur. I am also still heavily invested in commodities such as oil and foods which are likely to keep rising with demand. Best of luck to everyone during these times. +# A look into Trade Based Money Laundering and Financial Crimes + +&#x200B; + +Edits: + +* Reorganized/edited some content for better clarity and added a general TLDR. + +&#x200B; + +**TLDR: I believe we are in the middle of something GARGANTUAN - something way bigger than GameStop. Why? Recent events including the SolarWinds and Ransomware hacks, various regulatory and oversight press releases and other publicly available information tracking back this year and beyond, and recent news of major names at banks around the world being suspected of money laundering or financial crimes that could result in sanctions points to serious Risk Management issues. I just keep thinking how this is all happening while dominoes seem to be falling (most recently around money laundering), liquidity issues, other related items, and THE SHORTS MUST COVER. I remember several recent proposed filings on for the various exchanges around Risk Management. If the money and filings are followed, more will be revealed. The best way I can describe it is : We are in the middle of a global chess tournament/match that is sophisticated, deep and complex. Think of GameStop as one game (or piece) in the overall global match. Things are happening very fast and I'm curious whether the recent early bank closings and boarding up of banks has anything to do with any possible future news to be revealed.** + +&#x200B; + +**DISCLAIMER:** **I am NOT a financial advisor.** **This is not financial advice.** Think of this post as me organizing some of what I believe is potentially relevant to laying the foundation of what I believe is part of the LARGER picture into mini more organized blurbs.Because of the sensitive nature, I think it’s best I keep the information as straightforward as possible so I will be adding quotes, original sources and comments here and there. Any added notes are my independent thoughts and some speculation. I also feel compelled to say that there’s definitely Levels to this ~~SH\*T~~. Unfortunately, there are many people who stand to lose A LOT on every side of this because the potential implications for financial markets across the world and unsuspecting people give me chills every time I really think about it. + +&#x200B; + +These last few months have been very eye opening to say the least. I’ve learned an incredible amount in such a short period of time but if I’m being honest, at various points, I’ve had more questions than answers. While patiently waiting to head to the Moon, it’s been a good opportunity to learn as much as I can about everything I found interesting along the way. A lot of what I will be touching on in this post **involves possible criminal activities tied to financial markets around the world.** The content in this post will introduce/share some of the various things that now seem to be a more relevant + +&#x200B; + +# Before you start: + +* Get Comfy. Grab your favorite drink. Gotta stay hydrated. There's A LOT and you may get thirsty along the way. +* If you haven’t already had a chance to do so, check out the following post by [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) : [Hedge Funds might be using Crypto (BTC) as a washing machine for their dark pool shorted shares](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/). **Here's the TL:DR** + +**Hypothesis:** + +>“HF are buying GME (and maybe other shorted stocks like AMC) in dark pools. When dropping those shares into the retail market, they make money, because they are STILL SHORTING THOSE STOCKS. Their short positions generate money. The won money might be put into crypto for finishing wash sales. Scroll down for the last (5th) picture. There you can see it clearly. **This might be (at least one) reason, why the HF keep shorting!** Remember: the shorted shares have still to be covered! Buying at dark pools seems to only (maybe) reset their FTD timer, but **doesn't close their shorted positions.”** + +**Thesis:** + +>Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: +> +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +# Why does this matter? + +If this proves to be true, it insinuates that there’s a major vulnerability in the larger system because maybe some banks, hedge funds or other individuals or entities are possibly acting as the bank (as in they are handling the transactions), but the currency being exchanged may not be financed by the individuals or entities. These transactions end up happening without much visibility into the underlying trade activity, making it difficult to regulate and gather pieces of information that may be meaningful in understanding the risks posed by individuals or specific trades/transactions because of the lack of transparency and could have some really dangerous results. + +First, let's get some basics out of the way. + +# What is Trade-Based Money Laundering (TBML)? + +All credits go to the author from the FICO blog post[ linked](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) as it contains the majority of the information to best explain this. + +&#x200B; + +>“In its simplest definition, trade-based money laundering is the process of disguising the proceeds of crime and moving value (i.e., movement of money) using trade transactions to legitimize their illicit origins. **TBML involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth.** TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports.” +> +>Two recent studies have provided a more in-depth analysis of the problem. The U.S. Government Accountability Office (GAO) published the results of a study on trade-based money laundering entitled [“Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering”](https://www.gao.gov/products/GAO-20-314R). This study, together with the U.S. Department of Treasury report entitled the [2018 National Money Laundering Risk Assessment](https://home.treasury.gov/news/press-releases/sm581), identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Criminal organizations (from organized criminal groups to professional money launderers and terrorist financing networks) utilize TBML to disguise the origin of criminal proceeds by “integrating it into the formal economy” through trade transactions. The GAO Study goes on to say that “In addition to TBML, criminal organizations may also be involved in other trade-facilitated criminal activity, such as customs fraud, trafficking in counterfeit goods, or tax evasion.” + +The FICO blog also goes on to say: + +>"More recently, the G7’s Financial Action Task Force (FATF) and the Egmont Group released a [joint study](http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-based-money-laundering-trends-and-developments.html) which recognizes the criminal abuse present in trade transactions while raising the understanding of trade-based money laundering. Money laundering continues to be a significant concern – both in the U.S. and globally – because it facilitates and disguises the proceeds of crime, can alter markets, and have broader implications on financial systems. According to the joint study, TBML is “one of the primary means that criminal organizations use to launder illicit proceeds.” +> +>As the [U.S. Department of the Treasury](https://www.treasury.gov/press-center/press-releases/Pages/jl0072.aspx) notes, “Trade can be inherently complex and complicated, reflecting the nature of interconnected supply chains stretching around the world,” not to mention the sheer volume of international trade. Trade is also highly adaptive, giving criminal organizations ample opportunity to infiltrate and even use legitimate channels to launder the proceeds of crime, finance terrorism, and evade sanctions. Criminal organizations will exploit any sector, any commodity or service." + +# Some typical TBML common techniques used: + +* False reporting on invoices, such as commodity misclassification, commodity over- or under-valuation. +* Repeated importation and exportation of the same high-value commodity, known as carousel transactions. +* Commodities being traded that do not match the business involved. +* The over- or under-valuation of goods on the invoice and other documentation. +* Over- or under-shipment of goods or services (also, phantom shipments). +* Shell companies or offshore front companies. +* Third-party intermediaries facilitating invoice settlement. +* Illicit cash integration in financial settlement. +* Misuse of existing trade chain to move funds for terrorists (evasion of sanctions / financing of terrorism). + +**Sources:** + +* *^(March 17, 2021 blog post by FICO:)* [^(https://www.fico.com/blogs/tbml-what-trade-based-money-laundering)](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) +* *^(Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering -)* [^(https://www.gao.gov/products/gao-20-314r)](https://www.gao.gov/products/gao-20-314r) +* *^(2018 National Money Laundering Risk Assessment)* ^(-) [^(https://home.treasury.gov/news/press-releases/sm58)](https://home.treasury.gov/news/press-releases/sm58) + +&#x200B; + +# Some Recent Events with Sources: + +**July 17, 2020 - Joint Statement on the EU – U.S. Financial Regulatory Forum** + +* [^(https://imgur.com/a/cMHwd46)](https://imgur.com/a/cMHwd46) +* [^(https://home.treasury.gov/news/press-releases/sm1066)](https://home.treasury.gov/news/press-releases/sm1066) + +**October 7, 2020 - Remarks of Deputy Secretary Justin Muzinich at the Atlantic Council Geoeconomics Center** + +The following sections in the remarks brought up some interesting points on Cryptocurrency stood out: + +>“A second area where cooperation is critical is cryptocurrencies. Cryptocurrencies are a fascinating topic because they have implications not only for private business, but also for a number of activities the government is responsible for. +> +>Consider for instance national security. One of the issues at the top of Treasury’s mind is that digital currencies can potentially be used to evade existing legal frameworks—like those governing anti-money laundering and the countering of terrorist financing. Treasury has made it clear that the obligation to comply with U.S. laws is the same regardless of whether a transaction is denominated in traditional fiat currency or digital currency. Existing laws apply to digital assets in no uncertain terms. +> +>However, even if we could be assured that the private sector is complying with the letter and spirit of AML laws, there are important remaining concerns that government must consider, such as a digital currency’s potential effects on the monetary base and financial stability. +> +>These are linked to a broader concern about what I will call governance. For instance, if a decade from now there were a desire for a stablecoin to go from fully reserved to partially reserved, or to shift its underlying mix of reserve currencies, this could alter money supply or cause financial disruption. Would such a decision be made by a private governing association? Or by a majority of coinholders? What if foreign actors had acquired a majority of the coins? In any case, would important decisions about our economic system have been taken out of the hands of government accountable to the people? +> +>The speed and cost advantages of stablecoins are clear, and we of course value innovation and efficiency. However, digital currencies are not simply a means of payment, but, depending on their structure, can shift some functions traditionally performed by government to the private sector. Therefore, policymakers on both sides of the Atlantic must continue to work together to take a very hard look at these issues.” + +&#x200B; + +* Source: [https://home.treasury.gov/news/press-releases/sm1145](https://home.treasury.gov/news/press-releases/sm1145) +* [https://imgur.com/a/aPBNm3x](https://imgur.com/a/aPBNm3x) + +**October 13, 2020 - G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments** + +* [https://home.treasury.gov/news/press-releases/sm1152](https://home.treasury.gov/news/press-releases/sm1152) +* [https://imgur.com/a/th8fRSg](https://imgur.com/a/th8fRSg) + +**December 7, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +* [https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) +* [https://imgur.com/a/Mdql8zO](https://imgur.com/a/Mdql8zO) + +**December 20, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +[https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) + +# Why is any of this important? + +&#x200B; + +In my comment under [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) post, I commented that I…”Think some people have been or will be caught with their hand in the cookie jar with foreign entities (possibly financial terrorism - speculation only at this time).” + +Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: + +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +&#x200B; + +# Have you noticed the wave of recent news? + +**Here are a few recent happenings:** + +&#x200B; + +* Legislation Talk: + * [^(https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f)](https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f) +* The ransomware and SolarWinds events + * [^(https://www.cisa.gov/ransomware)](https://www.cisa.gov/ransomware) + * [^(https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/)](https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/) +* Timeline of press releases and filings from the various Regulatory and Oversight agencies releases of information of steps being taken such as the recent Treasury sanctions issued against Russia as announced on April 15th. + * [^(https://home.treasury.gov/news/press-releases/jy0127)](https://home.treasury.gov/news/press-releases/jy0127) + * [^(https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999)](https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999) +* Recent Money Laundering news seems to be hitting across major financial institutions. This in addition to MARGIN CALLS. + * It makes me wonder how this ties into Bank CEO's to testing in May as U.S. Congress ramps up scrutiny of Wall Street. + * [^(https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +It just seems like it’s all poised to possibly collide with everything else happening right now. Looking back at how some of the Regulatory and Oversight Agencies have been sharing, there’s been a lot of fu\*\*ckery behind the scene. I think my biggest fear at this point is realizing the true impact and extent of this? Because of the possible unknown and known actors out there, I believe this is going to be one hell of an event, bigger than my tiny mind could imagine. It’s deep and whatever is happening, things seem to be happening fast. + +&#x200B; + +**NOTE:** My general searches for information comes from public sources such as: news articles, press releases, filings, and other publicly available information such as: Federal Register ([https://www.federalregister.gov](https://www.federalregister.gov/public-inspection/current)), SEC ([https://www.sec.gov/](https://www.sec.gov/)\_, FINCEN ()[https://www.fincen.gov/](https://www.fincen.gov/), U.S. Department of Justice ([https://www.justice.gov/](https://www.justice.gov/)), CFPB ([https://www.consumerfinance.gov/](https://www.consumerfinance.gov/), OCC ([https://www.occ.treas.gov/](https://www.occ.treas.gov/)), FRB ([https://www.federalreserve.gov/](https://www.federalreserve.gov/)) to name a few.) +# A look into Trade Based Money Laundering and Financial Crimes + +&#x200B; + +Edits: + +* Reorganized/edited some content for better clarity and added a general TLDR. + +&#x200B; + +**TLDR: I believe we are in the middle of something GARGANTUAN - something way bigger than GameStop. Why? Recent events including the SolarWinds and Ransomware hacks, various regulatory and oversight press releases and other publicly available information tracking back this year and beyond, and recent news of major names at banks around the world being suspected of money laundering or financial crimes that could result in sanctions points to serious Risk Management issues. I just keep thinking how this is all happening while dominoes seem to be falling (most recently around money laundering), liquidity issues, other related items, and THE SHORTS MUST COVER. I remember several recent proposed filings on for the various exchanges around Risk Management. If the money and filings are followed, more will be revealed. The best way I can describe it is : We are in the middle of a global chess tournament/match that is sophisticated, deep and complex. Think of GameStop as one game (or piece) in the overall global match. Things are happening very fast and I'm curious whether the recent early bank closings and boarding up of banks has anything to do with any possible future news to be revealed.** + +&#x200B; + +**DISCLAIMER:** **I am NOT a financial advisor.** **This is not financial advice.** Think of this post as me organizing some of what I believe is potentially relevant to laying the foundation of what I believe is part of the LARGER picture into mini more organized blurbs.Because of the sensitive nature, I think it’s best I keep the information as straightforward as possible so I will be adding quotes, original sources and comments here and there. Any added notes are my independent thoughts and some speculation. I also feel compelled to say that there’s definitely Levels to this ~~SH\*T~~. Unfortunately, there are many people who stand to lose A LOT on every side of this because the potential implications for financial markets across the world and unsuspecting people give me chills every time I really think about it. + +&#x200B; + +These last few months have been very eye opening to say the least. I’ve learned an incredible amount in such a short period of time but if I’m being honest, at various points, I’ve had more questions than answers. While patiently waiting to head to the Moon, it’s been a good opportunity to learn as much as I can about everything I found interesting along the way. A lot of what I will be touching on in this post **involves possible criminal activities tied to financial markets around the world.** The content in this post will introduce/share some of the various things that now seem to be a more relevant + +&#x200B; + +# Before you start: + +* Get Comfy. Grab your favorite drink. Gotta stay hydrated. There's A LOT and you may get thirsty along the way. +* If you haven’t already had a chance to do so, check out the following post by [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) : [Hedge Funds might be using Crypto (BTC) as a washing machine for their dark pool shorted shares](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/). **Here's the TL:DR** + +**Hypothesis:** + +>“HF are buying GME (and maybe other shorted stocks like AMC) in dark pools. When dropping those shares into the retail market, they make money, because they are STILL SHORTING THOSE STOCKS. Their short positions generate money. The won money might be put into crypto for finishing wash sales. Scroll down for the last (5th) picture. There you can see it clearly. **This might be (at least one) reason, why the HF keep shorting!** Remember: the shorted shares have still to be covered! Buying at dark pools seems to only (maybe) reset their FTD timer, but **doesn't close their shorted positions.”** + +**Thesis:** + +>Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: +> +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +# Why does this matter? + +If this proves to be true, it insinuates that there’s a major vulnerability in the larger system because maybe some banks, hedge funds or other individuals or entities are possibly acting as the bank (as in they are handling the transactions), but the currency being exchanged may not be financed by the individuals or entities. These transactions end up happening without much visibility into the underlying trade activity, making it difficult to regulate and gather pieces of information that may be meaningful in understanding the risks posed by individuals or specific trades/transactions because of the lack of transparency and could have some really dangerous results. + +First, let's get some basics out of the way. + +# What is Trade-Based Money Laundering (TBML)? + +All credits go to the author from the FICO blog post[ linked](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) as it contains the majority of the information to best explain this. + +&#x200B; + +>“In its simplest definition, trade-based money laundering is the process of disguising the proceeds of crime and moving value (i.e., movement of money) using trade transactions to legitimize their illicit origins. **TBML involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth.** TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports.” +> +>Two recent studies have provided a more in-depth analysis of the problem. The U.S. Government Accountability Office (GAO) published the results of a study on trade-based money laundering entitled [“Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering”](https://www.gao.gov/products/GAO-20-314R). This study, together with the U.S. Department of Treasury report entitled the [2018 National Money Laundering Risk Assessment](https://home.treasury.gov/news/press-releases/sm581), identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Criminal organizations (from organized criminal groups to professional money launderers and terrorist financing networks) utilize TBML to disguise the origin of criminal proceeds by “integrating it into the formal economy” through trade transactions. The GAO Study goes on to say that “In addition to TBML, criminal organizations may also be involved in other trade-facilitated criminal activity, such as customs fraud, trafficking in counterfeit goods, or tax evasion.” + +The FICO blog also goes on to say: + +>"More recently, the G7’s Financial Action Task Force (FATF) and the Egmont Group released a [joint study](http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-based-money-laundering-trends-and-developments.html) which recognizes the criminal abuse present in trade transactions while raising the understanding of trade-based money laundering. Money laundering continues to be a significant concern – both in the U.S. and globally – because it facilitates and disguises the proceeds of crime, can alter markets, and have broader implications on financial systems. According to the joint study, TBML is “one of the primary means that criminal organizations use to launder illicit proceeds.” +> +>As the [U.S. Department of the Treasury](https://www.treasury.gov/press-center/press-releases/Pages/jl0072.aspx) notes, “Trade can be inherently complex and complicated, reflecting the nature of interconnected supply chains stretching around the world,” not to mention the sheer volume of international trade. Trade is also highly adaptive, giving criminal organizations ample opportunity to infiltrate and even use legitimate channels to launder the proceeds of crime, finance terrorism, and evade sanctions. Criminal organizations will exploit any sector, any commodity or service." + +# Some typical TBML common techniques used: + +* False reporting on invoices, such as commodity misclassification, commodity over- or under-valuation. +* Repeated importation and exportation of the same high-value commodity, known as carousel transactions. +* Commodities being traded that do not match the business involved. +* The over- or under-valuation of goods on the invoice and other documentation. +* Over- or under-shipment of goods or services (also, phantom shipments). +* Shell companies or offshore front companies. +* Third-party intermediaries facilitating invoice settlement. +* Illicit cash integration in financial settlement. +* Misuse of existing trade chain to move funds for terrorists (evasion of sanctions / financing of terrorism). + +**Sources:** + +* *^(March 17, 2021 blog post by FICO:)* [^(https://www.fico.com/blogs/tbml-what-trade-based-money-laundering)](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) +* *^(Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering -)* [^(https://www.gao.gov/products/gao-20-314r)](https://www.gao.gov/products/gao-20-314r) +* *^(2018 National Money Laundering Risk Assessment)* ^(-) [^(https://home.treasury.gov/news/press-releases/sm58)](https://home.treasury.gov/news/press-releases/sm58) + +&#x200B; + +# Some Recent Events with Sources: + +**July 17, 2020 - Joint Statement on the EU – U.S. Financial Regulatory Forum** + +* [^(https://imgur.com/a/cMHwd46)](https://imgur.com/a/cMHwd46) +* [^(https://home.treasury.gov/news/press-releases/sm1066)](https://home.treasury.gov/news/press-releases/sm1066) + +**October 7, 2020 - Remarks of Deputy Secretary Justin Muzinich at the Atlantic Council Geoeconomics Center** + +The following sections in the remarks brought up some interesting points on Cryptocurrency stood out: + +>“A second area where cooperation is critical is cryptocurrencies. Cryptocurrencies are a fascinating topic because they have implications not only for private business, but also for a number of activities the government is responsible for. +> +>Consider for instance national security. One of the issues at the top of Treasury’s mind is that digital currencies can potentially be used to evade existing legal frameworks—like those governing anti-money laundering and the countering of terrorist financing. Treasury has made it clear that the obligation to comply with U.S. laws is the same regardless of whether a transaction is denominated in traditional fiat currency or digital currency. Existing laws apply to digital assets in no uncertain terms. +> +>However, even if we could be assured that the private sector is complying with the letter and spirit of AML laws, there are important remaining concerns that government must consider, such as a digital currency’s potential effects on the monetary base and financial stability. +> +>These are linked to a broader concern about what I will call governance. For instance, if a decade from now there were a desire for a stablecoin to go from fully reserved to partially reserved, or to shift its underlying mix of reserve currencies, this could alter money supply or cause financial disruption. Would such a decision be made by a private governing association? Or by a majority of coinholders? What if foreign actors had acquired a majority of the coins? In any case, would important decisions about our economic system have been taken out of the hands of government accountable to the people? +> +>The speed and cost advantages of stablecoins are clear, and we of course value innovation and efficiency. However, digital currencies are not simply a means of payment, but, depending on their structure, can shift some functions traditionally performed by government to the private sector. Therefore, policymakers on both sides of the Atlantic must continue to work together to take a very hard look at these issues.” + +&#x200B; + +* Source: [https://home.treasury.gov/news/press-releases/sm1145](https://home.treasury.gov/news/press-releases/sm1145) +* [https://imgur.com/a/aPBNm3x](https://imgur.com/a/aPBNm3x) + +**October 13, 2020 - G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments** + +* [https://home.treasury.gov/news/press-releases/sm1152](https://home.treasury.gov/news/press-releases/sm1152) +* [https://imgur.com/a/th8fRSg](https://imgur.com/a/th8fRSg) + +**December 7, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +* [https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) +* [https://imgur.com/a/Mdql8zO](https://imgur.com/a/Mdql8zO) + +**December 20, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +[https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) + +# Why is any of this important? + +&#x200B; + +In my comment under [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) post, I commented that I…”Think some people have been or will be caught with their hand in the cookie jar with foreign entities (possibly financial terrorism - speculation only at this time).” + +Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: + +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +&#x200B; + +# Have you noticed the wave of recent news? + +**Here are a few recent happenings:** + +&#x200B; + +* Legislation Talk: + * [^(https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f)](https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f) +* The ransomware and SolarWinds events + * [^(https://www.cisa.gov/ransomware)](https://www.cisa.gov/ransomware) + * [^(https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/)](https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/) +* Timeline of press releases and filings from the various Regulatory and Oversight agencies releases of information of steps being taken such as the recent Treasury sanctions issued against Russia as announced on April 15th. + * [^(https://home.treasury.gov/news/press-releases/jy0127)](https://home.treasury.gov/news/press-releases/jy0127) + * [^(https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999)](https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999) +* Recent Money Laundering news seems to be hitting across major financial institutions. This in addition to MARGIN CALLS. + * It makes me wonder how this ties into Bank CEO's to testing in May as U.S. Congress ramps up scrutiny of Wall Street. + * [^(https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +It just seems like it’s all poised to possibly collide with everything else happening right now. Looking back at how some of the Regulatory and Oversight Agencies have been sharing, there’s been a lot of fu\*\*ckery behind the scene. I think my biggest fear at this point is realizing the true impact and extent of this? Because of the possible unknown and known actors out there, I believe this is going to be one hell of an event, bigger than my tiny mind could imagine. It’s deep and whatever is happening, things seem to be happening fast. + +&#x200B; + +**NOTE:** My general searches for information comes from public sources such as: news articles, press releases, filings, and other publicly available information such as: Federal Register ([https://www.federalregister.gov](https://www.federalregister.gov/public-inspection/current)), SEC ([https://www.sec.gov/](https://www.sec.gov/)\_, FINCEN ()[https://www.fincen.gov/](https://www.fincen.gov/), U.S. Department of Justice ([https://www.justice.gov/](https://www.justice.gov/)), CFPB ([https://www.consumerfinance.gov/](https://www.consumerfinance.gov/), OCC ([https://www.occ.treas.gov/](https://www.occ.treas.gov/)), FRB ([https://www.federalreserve.gov/](https://www.federalreserve.gov/)) to name a few.) +I discovered Asda shaving gel the other day. It’s only £1. I’ve been spending between £2-3.50 on Gillette all these years, when Asda’s own brand seems just as good. +Looking to buy a house, and many are saying there will be a Great Recession. In which case is it worth it to buy a house: before, or after? + +In theory I can imagine two scenarios: + - house prices go up because money isn’t worth as much as before + - house prices go down because people need money, and they sell their “holiday homes”, or whatever isn’t necessary to live + +Which is true? +He is very talented but even if he becomes a Broadway lead, I think paying off the debt would be nearly impossible. The schools he is considering are no less than 30k per year and some are MUCH more. How do you get through to a passionate teen who has their heart set on something? + +Edit: I'm not trying to crush his dreams. I fully support him pursuing theater as a career, I just don't want him to bankrupt himself in the process. +in muh 30s, have about 60k in 403(b), I am cashing it out for a downpayment on a house. + +Tired of throwing away money to a landlord. + +I am done, doubt I'll live long enough to see 65 anyways. + +\####### + +Thanks Everyone, after reading through comments I decided I would just use FHA in combination with a loan from 403(b) to cover costs of buying the home. + +Still don't think I'll live to see retirement, but hey at least I'll be in a house that I can afford a payment for. + +1800$ for a 2 bedroom apt has been soul crushing (Central US) +[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 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 + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Stake.com.au boasts a $0 brokerage fee to trade American stocks in Australia. This is a damn good deal compared to Commbank's $20USD fee. + +Feels too good to be true. Anyone have experience with this site? What's the catch? +I think GameStop and Loopring are together laying the foundation for a mass migration from the broken old traditional financial system to a new and sexy Decentralized Autonomous Exchange. + +GameStop will not only offer a crypto dividend. GameStop shares themselves will become NFTs and will be traded on Looprings layer2. Change my mind.. + +When you look over Loopring’s socials and white paper it’s easy to see that this technology is intended for mass adoption which also means migration. + +If that were the case then the old system will die and we will have a new system to catch our fall. + +We could have the ability to change the world in so many ways if this plays out right. + +I will take my tin foil hat off now and ask for any input from people who actually know shit and shit. + +Have a lovely day. +I’m curious what all y’all’s thoughts are on taking Section 8. I’d especially love to hear from those who do. + +I have only ever met a few Section 8 landlords, and they have said that they love it, and they get better renters through the program because the people who are on Section 8 know they can lose their voucher if they misbehave. + +But only hearing from 2 or 3 such landlords does not equal evidence. It’s just antidotal. I’d love to hear from more. +I'm attempting to flip my first house in Florida, and I'm having a ton problems with the property being burglarized. We've had 3 successful burglaries, 3 more attempted, and one caught in the act by the police. I have 4G wireless cameras covering the house, but even if I get a motion detection event and call the police, they still don't get there in time to catch the thieves. Also, these cameras are not subtle, and don't appear to be deterring would-be thieves. We've had doors kicked in and windows broken to gain entry. + +How are other investors stopping their properties from being burglarized? +Hi All, + +I am looking into starting investing in some real estate, curious if anyone has any real estate business plan templates? Or an example one could follow? i have been doing a lot of research and am starting to create one but figured I would check here and see if I didn’t have to recreate the wheel from a formatting standpoint, and also to help ensure I include all aspects I should be thinking about. + +Thanks! +How I did it: This time last year I bought Quickie Microfiber cloths, 3 packs at $10 per pack of 24. + +Instead of buying paper towels or napkins, I would use a microfiber wipe and toss in the laundry. + +To keep myself accountable, after I did towel laundry, I'd put $8 into a jar in the laundry room, which is what I spent every month on disposable paper goods in 2017. + +It wasn't much of a switch, and they work better than disposable products for cleaning. Havent needed to use as much cleaning products for cleaning while using these microfibers. So, yay. + +Get ... less-poor.... slowly! +Over the past few years my debt has spiralled out of control. I was so ashamed of it that I hide it from my family, friends and girlfriend. Over the last few months it really took it's toll on me and I was starting to have suicidal thoughts. I have two options, come clean or listen to my thoughts.  + +The other day I came clean to my girlfriend. It wasn't easy and it has hurt her more than I could have ever imagined.We sat down and went through everything I owe and we've put a plan together. I will need to ask my family for help and that won't be easy at all. +Although it's going to take a long time to build my girlfriends trust and get things back on track, I feel as though I can do that and move on with my life. It isn't going to be easy but I do feel as do a massive weight is off my shoulders.  + +If there is anyone else out there in the same situation I would say, come clean about everything. Yes, you are going to hurt people but hiding is going to do more damage in the long run.  + +Feel free to PM me if you want to chat. +I was just reading through NESTs funds breakdown document and have discovered something absolutely insane. If you are invested in their date funds (default choice) or their ethical fund and you are under 30, they invest your money in extremely low risk assets to protect your money and build a 'foundation' for your savings. To get younger investors used to investing and not scare them off by losing their savings. + +Then once you hit 30 they move your money to growth assets with greater risk to try and grow your pot!! + +I understand this may help the general public who have no experience with investing get to grips with it, and ease them into the practice. But for anyone on this subreddit, you know that if you're in your 20s saving for retirement you should be investing to grow your money, not protect it! + +So if this applies to you, I'd move to their high risk fund. +**Let me be clear - hedgies are dead... but they still have a strategy to survive... this post is trying to show you what I think their strategy is - Hedgies are dead... all of them because there are far too many longs and synthetics out there....** + +I have seen a number of funds with Long and Short positions on GME options. Most of the funds have a "call bias"... meaning... they are betting it goes up overall/in the grand scheme of things... + +**Hedge Funds Plan to survive short squeeze... Buy more calls than puts... buy GME... when MOASS happens try to outlast everyone else...** + +[Cutler Group with an Extra $600 million in the Calls... ](https://preview.redd.it/niwxfn9p7ul81.png?width=1309&format=png&auto=webp&s=c34e2f659c6309badb52fcd05fff84dbb8878d70) + +&#x200B; + +[CTC $83 million in the calls](https://preview.redd.it/4uku2n2z7ul81.png?width=1296&format=png&auto=webp&s=192aa8710159d01b6f3a8a741cc2aaa6039bc9fd) + +[CTC $55 million in the puts](https://preview.redd.it/g0jpaxm48ul81.png?width=1318&format=png&auto=webp&s=c59006bb01ad9c711d5b44b4ce596bb7eab408ae) + +[Capital Fund MGMT with a $13 million Call Bias](https://preview.redd.it/h0fmdynf8ul81.png?width=1310&format=png&auto=webp&s=a8a9b39490ac64387d1816e955bae7ece11f26af) + +&#x200B; + +[Citadel with $440 million in options and almost $18 million in GME](https://preview.redd.it/juputhlm8ul81.png?width=1309&format=png&auto=webp&s=eea805f6d9614ddd60559acc84a4352746b68788) + +&#x200B; + +[D.E Shaw with $4 million more in calls](https://preview.redd.it/jp0oz1ct8ul81.png?width=1302&format=png&auto=webp&s=0048d7e631084390e7e99471b7cec441ddf3c621) + +&#x200B; + +[J.P Morgan with more puts but owns lots of GME also... ](https://preview.redd.it/qammrgj19ul81.png?width=1305&format=png&auto=webp&s=3acc43e4d2f97d65b1f11a96e21605dba35e2cf6) + +&#x200B; + +[IMC CHICAGO with $130 million in options... ](https://preview.redd.it/ja83lf6i9ul81.png?width=1309&format=png&auto=webp&s=7ee10ed0e56169333b93df8fe8112c62dbb41268) + +**I could have kept going. I have noticed much more long positions for GME amongst hedge funds...** + +my theory is MOASS is around the corner - these hedge funds are literally trying to hedge out exposure for MOASS... If someone with a bloomberg can look at the expirations on these calls, that might give us a better time signal - + +theres nothing they can do - they are all dead - this is desperation - MOASS confirmed by new GME long positions appearing in the funds. + +they cant wiggle their way out of it - but thats what they are trying to do - remember they have a lot of synthetics off book - and those are much much much more short - even those this says net long thats just the legit shares - +I have been a popcorn/GME holder since January. I had believed they were both good plays…. Until this past week. + +Popcorn has what looks to be an amazing technical setup for a huge run, but there has been this weird infighting in the popcorn subs. Suddenly everyone is(more than usual) sucking the proverbial dicks of the youtubers. It’s giving a strange feeling that a rug pull could happen just when it looks primed to launch. + +The funny thing is this sub described this scenario months ago. I was blind but now I see. The tendie man hath touched my soul. Therefore I will be closing my popcorn position for more GME shares and LEAPS. It’s moon time boys. LFG! + +Edit: I was just reminded that I get occasional free popcorn as a popcorn stock holder. Would y’all hold it against me if I kept one share 😅 + +(Rockets for extra blast off power) +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Follow them on Twitter to get the link when they go live [https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) + +This will be their 4th AMA, and the project is only 1 week old. + +74 more holders away from burning 1 trillion [https://twitter.com/SafeGalaxyToken/status/1377220140815761409](https://twitter.com/SafeGalaxyToken/status/1377220140815761409) + +Last 3 days SafeGalaxy has burned 5,481,019,983,889In the last 24 hours just on redistribution its burned 1,026,141,891,491 + +In comparison, SafeMoon has burned 1,471,608,692,407 in the last 3 days + +The importance of getting in on 1 of these projects early is crucial. The burn rate on redistribution also tells you how much more redistribution you would be getting by holding SafeGalaxy early vs holding SafeMoon now. + +&#x200B; + +SafeMoon and SafeGalaxy are both run by incredible team members and the community for both is really strong. I believe both will survive in the long run. + +&#x200B; + +SafeGalaxy has more room to grow, check out their AMA and make your decision then. + +[https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) + +Twitch [https://www.twitch.tv/safegalaxytoken](https://www.twitch.tv/safegalaxytoken) + I've recently gotten into writing DD ( all in chronological order at bottom ) and have begun delving deep into a certain hedge fund manager, Steve Cohen. 3 out of my last 4 DD have involved him. I've continued looking into his connections and here's what I've found today. + +[Indicted](https://preview.redd.it/lcop9g0xgrv61.jpg?width=1520&format=pjpg&auto=webp&s=1dedfe30bcc66402dffb75012809a8cbbfea80c7) + +Background for people who haven't read the previous DD. Steven Cohen was involved with insider trading at his old hedge fund, SAC. A bunch of people were indicted and the hedge fund itself got shut down. Steve was banned from the industry until 2018. + +[Melvin connection](https://preview.redd.it/umzurncrhrv61.jpg?width=1462&format=pjpg&auto=webp&s=a87256d079455893d471aedc9442fbab366ce4be) + +Gabe Plotkin, Melvin's founder and boss, was also working for Steve at SAC. He was also getting insider information from Steinberg (screenshot above) like Cohen was, but faced no major punishment. You can dive deeper into all that with my past DD, this is a new one. + +[root out insider trading](https://preview.redd.it/mkyl1cr3irv61.jpg?width=1513&format=pjpg&auto=webp&s=eef9128e5fd81f5565807b6b37565d8e7dea525d) + +The FBI had been working on a massive investigation that had over 70 arrests so far. They were calling the SAC insider trading scandal "the biggest insider-trading scheme in history." Everything was looking good so far, rooting out insider trading by setting an example here. [Source for screenshots above](https://www.investmentnews.com/senior-manager-at-sac-capital-indicted-for-fraud-50572) + +[Well we knew](https://preview.redd.it/e34mqmouirv61.jpg?width=1126&format=pjpg&auto=webp&s=049c722103fd4db6df6a49ce81961ea85b854ed0) + +Yeah, Cohen got away as we all know. We also know that Plotkin was the same. + +[Prosecutors withholding evidence](https://preview.redd.it/0lsgd46mjrv61.jpg?width=1111&format=pjpg&auto=webp&s=7ce66d683b873b8d7978a6e3433125283ca6481d) + +The prosecutors had asked that evidence which showed Plotkin and Cohen both making trades based on Insider information be barred from use in the case. They said that didn't the jury to be confused. Why you ask? + +[Reason ](https://preview.redd.it/y75yihc6krv61.jpg?width=1143&format=pjpg&auto=webp&s=5271574ffecc27c8b5e67e5790774df4e5743412) + +[reason](https://preview.redd.it/8z5yi8d7krv61.jpg?width=1031&format=pjpg&auto=webp&s=1af72cc66079ffd2c16f96e852a159a8806b26a0) + +They claimed that no solid evidence linked Cohen and Plotkin to the insider information directly. They made trades based on the info, but they received it from Steinberg, who was indicted. Maybe Steinberg never told them what his source was, maybe he did, we don't know do we? + +[No charges here](https://preview.redd.it/u2uk0w9okrv61.jpg?width=1089&format=pjpg&auto=webp&s=2330c174e03a7d80b90675d2d2a58f9aeca067ad) + +The FBI continued, but could find nothing. Well surely if THEY couldn't do it, it just wasn't possible and we can't blame them.... + +[Unaware](https://preview.redd.it/uh1v384enrv61.jpg?width=1082&format=pjpg&auto=webp&s=a52df6097622b985637d972bfea3cee0e3db1b82) + +Plotkin was the apparent point at which it all fell apart. [source for above screenshots](https://www.reuters.com/article/sac-plea-hedge/in-sac-case-one-chain-of-insider-tips-reached-a-dead-end-before-cohen-idUSL2N0IT14X20131108) + +If only they could prove he was aware of it all... I won't act like I know better than the actual criminal investigators. At least they were able to get some of the guys involved, right? right..? Well, there's a reason I've only mentioned Steinberg being *indicted*. + +[Never brought to justice](https://preview.redd.it/x5z5j6k7orv61.jpg?width=1117&format=pjpg&auto=webp&s=b245f7d4449ab6f9be4f686a887dff7707cc5dfd) + +Steinberg was convicted back in 2013, but appealed it until the U.S. courts ruled in his favor and interpreted the law in a way that meant he never broke it. + +[14 people ](https://preview.redd.it/0ecknd5norv61.jpg?width=1091&format=pjpg&auto=webp&s=4491ae9f4194b8e9ad1bdf25da0851824044dad4) + +At least 14 people were able to get away from what was supposed to be an investigation which rooted out hedge fund insider trading. This major "crackdown" has been underway since SAC's indictment but now will probably be unable to accomplish its goal thanks to the court. + +[result of the ruling](https://preview.redd.it/h5tbifo8prv61.jpg?width=1138&format=pjpg&auto=webp&s=c65b893962d9aa86e108255f8f024cbf4f7fa3e3) + +As long as the insider trading does not fall under the narrow definition, it won't even be insider trading in the law's eyes. [Source for above screenshots](https://www.reuters.com/article/us-usa-crime-insidertrading/u-s-abandons-insider-trading-case-against-sacs-steinberg-idUSKCN0SG2JZ20151022) + +[endless cycle](https://preview.redd.it/5t5xvrzkrrv61.jpg?width=1573&format=pjpg&auto=webp&s=ab28fd1620c6c9e306c9da4c7dc86446d6decb31) + +And he just goes back to doing what he's always been. Except this time, he's in charge of his own hedge fund. + +This isn't just the story of how a bunch of criminals ran an elaborate scheme and were able to handle it well enough to get away. This is about how the government, law enforcement, and judiciary allowed it to happen. They let them get away. They let them continue what they've always done. + +\--------------------------------------------------------------------------------- + +1. [First post explaining the Panama and Paradise papers](https://www.reddit.com/r/Superstonk/comments/mx8chw/has_there_been_any_look_at_the_possible/) +2. [Second post poking fun at the financial institutions that spent years dodging taxes to save money, lose a bunch of money from the Archegos fallout](https://www.reddit.com/r/Superstonk/comments/mx9zfr/all_the_financial_institutions_getting_hurt_by/) +3. [explaining how hedge funds evade taxes](https://www.reddit.com/r/Superstonk/comments/mxf8qo/how_hedge_funds_evaded_taxes_using_the_panama/) + +\------------------------------------------------------------------ + +1. [Steve Cohen's connections](https://www.reddit.com/r/Superstonk/comments/my15cd/who_steve_cohen_is_and_how_deep_hes_connected_to/) +2. [Overstock going through naked shorting like Gamestop years back](https://www.reddit.com/r/Superstonk/comments/mygd7q/overstock_went_through_the_same_naked_shorting_as/) +3. [diving deeper i](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/)[nto the 2 DD on](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/)[es before it wit](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/)[h newer info](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) +4. [How Melvin connects Ken griffin and Steve Cohen through insider trading](https://www.reddit.com/r/Superstonk/comments/mzbmbh/multibillionaire_hedge_fund_manager_steve_cohens/) +5. [Investigative Journalist Matthew Goldstein and why he could be helpful](https://www.reddit.com/r/Superstonk/comments/mzk18b/why_investigative_journalist_matthew_goldstein/) +Going to keep it short and simple. I live in a major metropolitan city, and do a lot of business of craigslist. Meet in person, public location, inspect the item, hand cash and be on my way. I'm sure I have 25+ transactions, never been scammed. + +Today, I saw someone include just as a footnote "I also accept bitcoins". Not "I only accept bitcoins" or "plz send bitcoins i mail" just a little footnote that they are fine with it. + +Contacted, mentioned purchasing in cash, that was fine, and at the end decided to do it in bitcoins. Brought my laptop, public wifi, took a seat at a McDonalds. Inspected the headphones - Perfect condition, as described, everything was looking good. + + +He hands me a paper cutout with a wallet address, I key it into blockchain, he is looking at the address on screen. I confirm the price (80 USD, was .8xxbtc), he says good, I hit send, the little blockchain *beep* plays over the speakers. + +**He casually stands up, has the headphones, and walks away**. I stand up pretty quick, and shout after to him, accusing him of theft. He says a quick comment around the lines of "If you can't pay the price don't waste my time, I said $80" and walks out. + +I contemplate chasing after him, calling the police, or fuck maybe getting some public attention, then I realized I didn't have a leg to stand on. + +Cameras would show a guy sitting down at a table, showing me headphones, me inspecting them, then playing on a computer for a bit, with him walking off. I attempt to accuse him of theft, he probably didn't even have $80 in his wallet, nothing would show me handing him cash, and the worst part, as I sat there with a mixture of adrenaline, rage and frustration - is that It was impossible for me to get that money back. + +Can you imagine trying to talk to the police about this? *So yeah officer, I sent him bitcoins, a virtually currency for this craigslist transaction, and then he walks off* - Sir, do you have any proof of this? *Well, he gave me this address of random letters, but I swear it's his, but it isn't there anymore, it's gone to a mixing service where it gets pu-* + +You get the point. I have a decently hard time explaining bitcoins to my eager, willing to learn friends. I can't imagine trying to explain it to an officer who thinks I just tried to give someone WoW gold for headphones. + +So, is there any safety precaution out there I didn't take, or should you just keep BTC and Craigslist as far apart as possible? + +Thanks for reading the rant. Sorry for the wall of text. I guess I just kinda needed to get it out there. + +***** + +**EDIT: First off - Thank you [GSpotAssassin](http://www.reddit.com/r/Bitcoin/comments/1b89wm/i_just_got_robbed_blind_of_bitcoins_in_person_im/c94lxf5). Seriously awesome guy right there** + +Due to the overwhelming consensus that I should *do something*, and I agree, **I will be filing a police report** later today or early tomorrow morning. I'll be providing them with all of the information I have, BTC address, email, phone number, description of him, time we met, everything I can think of. + +With that said, as nice as the vigilant offers are, I'm not going to release the address, email, or phone number. I know, the pitchforks are raised, but I think it's for the best: + +1) I do know 100% that it was a mixer address and nothing else. Unless you are in control of the mixing service, there is nothing you can do. + +2) The email appears to be a throwaway or unused, searching for the exact address, or slight permutations of such came up with nothing useful. + +3) Phone number. My best bet for a police report, hopefully it is an actual *phone* and not just a online service. + +With that said, I am going to do my best, provide all of the info to police and see where it goes. Being $80 of value, it's probably going to be overlooked, but hopefully it might be used later down the line, if he is a perpetual scammer. + +***** +In regards to future transactions, I'm still fine working with BTC. Seriously - It didn't ruin it for me. However, I'm going to be taking a number of the suggested precautions in here before working with it again. It appears the best bet is a small written contract, and good video proof during the actual transaction. At least if they *do* run or claim I didn't pay, I have blockchain verifying a contract, with video proof of them. + +Hell, if I had a camera in his face, I doubt this would have happened at all. + +Just time to get some damn google glasses, eh? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update!** Out with the ODL in with the new **🧾 Buy & HODL 💎🙌** with a new background color #242424, IYKYK + +**📌** [New Superstonk User Flair Emojis & How to edit your own flair!](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +These resources will help you understand alot about crypto. Check them out. + + 1. Tokentuber +---------------------------- + +Tokentuber is a video streaming platform making a concerted effort to better educate its audience on all things crypto. It’s formed an alliance with a growing number of cryptocurrency exchanges to integrate a quiz that pays users to demonstrate their knowledge of digital assets, and to be duly rewarded with tokens and a certificate of achievement. + +2. Cointelligence Academy +--------------------------------------------- + +In addition to providing unique market data on cryptocurrency exchanges and digital assets, cointelligence runs free weekly seminars on all things crypto. Sessions are broadcast live on Youtube every Thursday at 4pm UTC, with an advance schedule detailing forthcoming topics. Blockchain agnostic and about as impartial as it gets, Cointelligence Academy is well worth your time. + +3. Earn.com +---------------------- + +Earn.com, which was purchased by Coinbase in April 2018, has ramped up its crypto focus, with many of its incentivized tasks now relating to blockchain projects and rewards paid in BTC. However, for the chance to grab more than just a few dollars of crypto at a time, Earn at coinbase offers a range of cryptocurrency-specific courses with payment in the cryptocurrency for which the tutorial is based. + +For example, the course on DAI pays $20 worth of the stablecoin for the successful completion of all modules, while the course on EOS pays $50 of EOS tokens. In most cases these rewards are spread across a number of lesson modules such as ‘Lesson 1: What is Dai?’ ($2) and ‘Lesson 2: What is DAI used for?’ ($2), so it will take time and effort to earn the full amount offered. That’s the bad news for anyone looking to earn crypto quick rather than treating the rewards as a learning bonus, but the site is currently offering up to $130 of payments across a number of tutorials and currencies, making it one of the most lucrative learning opportunities in the cryptosphere right now. + + + 4. Binance Academy +--------------------------------- + + the educational division of Binance, the largest cryptocurrency exchange by trading volume. Unlike Token Tuber, Binance academy has not gamified this content to incentivize participation, but instead offers it as a free resource. Content has been sorted into five categories: blockchain, security, economics, tutorials and video, and is characterized by deep, original research complemented by clean presentation that aids learning. Another neat feature of Binance Academy is that every article comes with an estimated time to read as well as an audio transcript. The audio transcript is clearly computer generated, but the technology is sophisticated enough that the synthetic voice isn’t overly distracting. + + +5. Captain Bitcoin +----------------------------- + +Similar in concept to Token Tuber, Captain Bitcoin hosts video content and offers financial rewards for the completion of designated tasks. In the case of Captain Bitcoin, those rewards are activated by a referral competition, boosting the profile of the site toward its target of 100k users before launch. Right now Captain Bitcoin is offering $15,000 in BTC for users who help to build the community as well as 1,000 captain tokens for each successful referral. + +In future, the site intends to give away $1,000 in BTC daily, with users qualifying by watching at least two videos every day. At the moment, the site is in its pre-launch phase, so it isn’t currently possible to stake a claim to the prize pot, since the required video content does not yet exist. As it stands, Captain Bitcoin remains an intriguing concept that could incentivize greater content engagement while boosting learning. + + +Conclusion. + +You need to learn much about this space to help you maximize the benefits in crypto. +Go through this resource to help you enrich your knowledge. +#Good morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM- + +***** + +#(**[CLICK HERE TO VIEW THE FULL SOURCE!](https://www.stockaholics.net/threads/todays-pre-market-movers-news-monday-march-30th-2020.9746/)**) + +#[Today's Top Headlines for Monday, March 30th, 2020](https://www.cnbc.com/2020/03/30/5-things-to-know-before-the-stock-market-opens-march-30-2020.html) + +***** + +> * U.S. stock futures were pointing to a modest decline for the Dow Jones Industrial Average at Monday’s open after President Donald Trump extended national social distancing guidelines to April 30. The Dow, which closed 4% lower Friday, did soar 12.8% for the week, logging its best weekly gain since 1938 and raising questions about whether blue chips have bottomed. However, heading into Monday’s session, the Dow was still nearly 27% off last month’s record highs. The yield on the 10-year Treasury remained below 1% early Monday. U.S. oil prices sank below $20 per barrel, near 18-year lows hit earlier this month. + +***** + +> * On Sunday, mortgage bankers warned that Federal Reserve mortgage purchases are unbalancing the home lending market. In addition to the Fed’s extraordinary no limit fixed-income purchases, Wall Street analysts and economists said it would not be out of the question to see the central bank take for the first time ever a passive interest in the performance of the stock market. + +***** + +> * Preparing the nation for a death toll that could exceed 100,000 from the coronavirus, Trump on Sunday walked back his previous remarks about wanting to reopen the country for business by Easter. In continuing social distancing until the end of next month, the president said, “Nothing would be worse than declaring victory before the victory has been won.” Earlier on Sunday, White House health advisor Dr. Anthony Fauci said the country could see up to 200,000 deaths and millions of infections. However, he also cautioned that those numbers are based on outbreak modeling and nothing is certain. + +***** + +> * The U.S., which has the most known coronavirus infections in the world, saw confirmed cases jump to over 143,000 with 2,513 deaths, according to Johns Hopkins University data. New York has about 40% of those cases and fatalities. A field hospital has been set up inside New York’s Central Park to treat coronavirus patients. Abbott Laboratories, which received FDA emergency use authorization on Friday for a test that can detect coronavirus in 5 minutes, was praised by Trump. “Abbott has stated that they will begin delivering 50,000 tests each day, starting this week,” he said. Abbott shares were soaring about 8% in the premarket. + +***** + +> * Global coronavirus cases increased to over 730,000 with 34,685 deaths and more than 149,000 recoveries. Italy, No. 2 to the U.S. in cases with about 97,700, has the worst death toll. Italy’s 10,779 fatalities are more than three times as many as China’s 3,308 deaths. Rounding out the top three, Spain just surpassed China in infections, with over 85,000 cases and more than double China’s death toll at 6,803. China, where the pandemic started in December, has the world’s fourth most known infections, nearing 82,200 cases. Germany is No. 5 in worldwide cases at about 62,400. It has 541 deaths. + +***** + +> * Amazon warehouse workers in Staten Island, one of the five boroughs of New York City, plan to strike on Monday to call attention to what they claim is the lack of protections for employees. Chris Smalls, a management assistant and a lead organizer of the strike, told CNBC that workers at the fulfillment center known as JFK8, have grown increasingly concerned about coming into work after an employee tested positive for the coronavirus there last week. Amazon told CNBC that the company was supporting the individual in quarantine and asked anyone who was in contact with the worker to stay home with pay for two weeks. JFK8 remains open. + +***** + +#STOCK FUTURES CURRENTLY: +######(**[CLICK HERE FOR STOCK FUTURES CHARTS!](https://finviz.com/futures.ashx)**) + +***** + +#LAST WEEK'S MARKET MAP: +######(**[CLICK HERE FOR LAST WEEK'S MARKET MAP!](https://i.imgur.com/pzD22Kh.png)**) + +***** + +#TODAY'S MARKET MAP: +######(**[CLICK HERE FOR TODAY'S MARKET MAP!](https://finviz.com/map.ashx)**) + +***** + +#LAST WEEK'S S&P SECTORS: +######(**[CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!](https://i.imgur.com/EsF6mmi.png)**) + +***** + +#TODAY'S S&P SECTORS: +######(**[CLICK HERE FOR TODAY'S S&P SECTORS CHART!](https://finviz.com/groups.ashx)**) + +***** + +#TODAY'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!](https://i.imgur.com/mce1VeY.png)**) + +***** + +#THIS WEEK'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/5rLsTWv.png)**) + +***** + +#THIS WEEK'S UPCOMING IPO'S: +######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!](https://i.imgur.com/vOVEFHa.png)**) + +***** + +#THIS WEEK'S EARNINGS CALENDAR: +*($RH $BB $VFF $CHWY $KMX $WBA $PAYS $TTNP $STZ $CALM $GNLN $CSU $CAG $MKC $RMBL $GPL $HEXO $PVH $DARE $CTEK $CYD $NVCN $LW $AYI $ICLK $ALPN $APOG $UNF $EAST $SMTS $CSSE $SCHN $LNDC $NG $RECN $EDAP $APTX $ASND $VRNT $MOTS $VERO)* +######(**[CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!](https://i.imgur.com/InmHVgs.png)**) + +***** + +#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: +*($GRWG $GNLN $RMBL $CALM $CTEK $CYD)* +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/Sm5LctR.png)**) + +***** + +#EARNINGS RELEASES BEFORE THE OPEN TODAY: +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/ho9EpoV.png)**) + +***** + +#EARNINGS RELEASES AFTER THE CLOSE TODAY: +######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!](https://i.imgur.com/hrNOYzf.png)**) + +***** + +#FRIDAY'S ANALYST UPGRADES/DOWNGRADES: +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/q0iWKbS.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/pnJXRXy.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/9T9bEYz.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!](https://i.imgur.com/qMxQyex.png)**) + +***** + +#FRIDAY'S INSIDER TRADING FILINGS: +######(**[CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/r6VRiZb.pngg)**) + +***** + +#TODAY'S DIVIDEND CALENDAR: +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!](https://i.imgur.com/BD1YIpS.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!](https://i.imgur.com/TfbQnba.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!](https://i.imgur.com/EysvYE9.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!](https://i.imgur.com/ycEzL4P.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!](https://i.imgur.com/uwjtT4d.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #6!](https://i.imgur.com/RPQKKYw.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #7!](https://i.imgur.com/G4gNNJx.png)**) + +***** + +#THIS MORNING'S MOST ACTIVE TRENDING TICKERS: + +* ABT +* AXSM +* JNJ +* NVDA +* CALM +* BK +* CAKE +* CVNA +* APD +* UBS + +***** + +#THIS MORNING'S STOCK NEWS MOVERS: + +######(**source: [cnbc.com](https://www.cnbc.com/2020/03/30/stocks-making-the-biggest-moves-in-the-premarket-jj-sanofi-regeneron-la-z-boy-apple-more.html)**) + +***** + +> **Johnson & Johnson (JNJ)** – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use by January. + +> #**STOCK SYMBOL:** JNJ + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JNJ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JNJ)**) + +***** + +> **Cal-Maine Foods (CALM)** – The nation’s largest egg producer reported quarterly earnings of 28 cents per share, 10 cents a share above estimates, Revenue also beat forecasts and Cal-Maine said it is not seeing any supply chain disruptions as a result of the coronavirus outbreak. + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **Sanofi (SNY), Regeneron Pharmaceuticals (REGN)** – The drugmakers expanded a clinical trial of their rheumatoid arthritis drug Kevzara as a coronavirus treatment. The trial now includes patients outside the U.S., after beginning in America last week. + +> #**STOCK SYMBOL:** SNY + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=SNY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/SNY)**) + +***** + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **United Technologies (UTX), Raytheon (RTN)** – The defense contractors have received all regulatory approvals for their all-stock merger, and expect to close the deal prior to the open on Friday. United Technologies will be renamed Raytheon Technologies and trade under the ticker “RTX.” The Carrier and Otis businesses of United Technologies will become separate publicly traded companies, trading under ticker symbols “CARR” and “OTIS,” respectively. + +> #**STOCK SYMBOL:** UTX + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=UTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/UTX)**) + +***** + +> #**STOCK SYMBOL:** RTN + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=RTN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/RTN)**) + +***** + +> **La-Z-Boy (LZB)** – La-Z-Boy furloughed 6,800 workers, cut the pay of senior management by 50%, and of salaried workers by 25%. The furniture maker also eliminated its June dividend and stopped its share repurchase program indefinitely. + +> #**STOCK SYMBOL:** LZB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LZB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LZB)**) + +***** + +> **Tegna (TGNA)** – Tegna said it has held talks with two of four interested parties about their takeover proposals for the regional TV station operator. Those talks have stopped, however, due to the disruption caused by the coronavirus outbreak. + +> #**STOCK SYMBOL:** TGNA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=TGNA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/TGNA)**) + +***** + +> **Jefferies (JEF)** – Jefferies said its Chief Financial Officer Peg Broadbent has died from the coronavirus. The investment bank named Teri Gendron, the CFO of the company’s financial services arm, as Broadbent’s successor. + +> #**STOCK SYMBOL:** JEF + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JEF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JEF)**) + +***** + +> **Gilead Sciences (GILD)** – Gilead said it would stop taking individual emergency requests for its experimental coronavirus drug due to overwhelming demand. + +> #**STOCK SYMBOL:** GILD + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=GILD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/GILD)**) + +***** + +> **Eldorado Resorts (ERI)** – Eldorado’s deal to buy rival casino operator Caesars Entertainment (CZR) could be in danger, according to the New York Post. The paper said regulators have delayed their review of the $17.3 billion deal due to the virus outbreak, while the casino industry takes a hard hit from ongoing closures. + +> #**STOCK SYMBOL:** ERI + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=ERI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/ERI)**) + +***** + +> **Novartis (NVS)** – Novartis CEO Vas Narasimhan told a Swiss newspaper that its malaria drug hydroxychloroquine is the drugmaker’s biggest hope against COVID-19. + +> #**STOCK SYMBOL:** NVS + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=NVS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/NVS)**) + +***** + +> **Apple (AAPL)** – Apple could see an 18% year-over-year drop in iPhone orders during the current quarter, according to a Reuters report. + +> #**STOCK SYMBOL:** AAPL + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=AAPL&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/AAPL)**) + +***** + +> **Papa John’s (PZZA)** – Investor advisory firm ISS said retired basketball superstar Shaquille O’Neal should not be re-elected to the board of the pizza chain, according to a Bloomberg report. ISS said O’Neal skipped too many board meetings and that shareholders should vote against his re-election at the April 23 annual meeting. + +> #**STOCK SYMBOL:** PZZA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PZZA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PZZA)**) + +***** + +> **Procter & Gamble (PG), Kimberly-Clark (KMB)** – Jefferies upgraded both consumer products makers to “buy” from “hold,” noting that both are benefiting from the “pantry-loading” taking place due to the coronavirus outbreak. + +> #**STOCK SYMBOL:** PG + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PG)**) + +***** + +> #**STOCK SYMBOL:** KMB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=KMB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/KMB)**) + +***** + +#**FULL DISCLOSURE:** + +> /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums [Stockaholics.net](http://www.stockaholics.net/) where this content was originally posted. + +***** + +#**DISCUSS!** + +What is on everyone's radar for today's trading day ahead here at r/StockMarket? + +***** + +# **I hope you all have an excellent trading day ahead today on this Monday, March 30th, 2020! :)** + + +[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. 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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!* +Guten Morgen to this global band of Apes! 👋🦍 + +It is incredible to see how this community actively resists the FUD directed at us. +In the latest round, it seems that there was an attempt to generate fresh ammo for the SHFs to cherry-pick and use against us. +The speed at which Apes came down upon the attempt was incredible. +Nobody speaks for this movement. +This movement speaks for itself. + +Enormous institutions routinely abuse lax regulatory enforcement and loopholes to exploit vulnerable companies and retail traders for their own profit. +They leave a trail of bankrupted companies that didn't have to die, stealing the savings of hardworking people along the way. +They targeted GameStop thinking that they could deal the killing blow, but Ryan Cohen reformed the board, reformed the leadership team, and is growing the company in fantastic new ways. +The enormous bets that the Institutional Shorts placed against GameStop are a fatal liability to them, and they are doing everything they can to delay their demise. +They are desperate for retail traders to sell, but we see through their schemes. +Our Diamantenhände can withstand everything they will throw at us. + +Today is Thursday, December 15th, 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: **$21.18 / 19,89 €** *(volume: 2158)* +- 🟩 115 minutes in: $21.19 / 19,90 € *(volume: 2127)* +- 🟩 110 minutes in: $21.14 / 19,85 € *(volume: 2073)* +- 🟥 105 minutes in: $21.13 / 19,84 € *(volume: 2073)* +- 🟥 100 minutes in: $21.13 / 19,84 € *(volume: 2048)* +- 🟩 95 minutes in: $21.13 / 19,85 € *(volume: 2048)* +- ⬜ 90 minutes in: $21.13 / 19,84 € *(volume: 2035)* +- 🟥 85 minutes in: $21.13 / 19,84 € *(volume: 2010)* +- 🟥 80 minutes in: $21.14 / 19,85 € *(volume: 1010)* +- 🟩 75 minutes in: $21.14 / 19,85 € *(volume: 710)* +- 🟥 70 minutes in: $21.13 / 19,84 € *(volume: 701)* +- 🟩 65 minutes in: $21.20 / 19,91 € *(volume: 701)* +- 🟥 60 minutes in: $21.08 / 19,80 € *(volume: 601)* +- 🟩 55 minutes in: $21.08 / 19,80 € *(volume: 601)* +- 🟥 50 minutes in: $21.08 / 19,80 € *(volume: 601)* +- 🟥 45 minutes in: $21.09 / 19,80 € *(volume: 601)* +- ⬜ 40 minutes in: $21.10 / 19,81 € *(volume: 590)* +- 🟩 35 minutes in: $21.10 / 19,81 € *(volume: 590)* +- 🟩 30 minutes in: $21.09 / 19,81 € *(volume: 582)* +- 🟥 25 minutes in: $21.09 / 19,81 € *(volume: 527)* +- 🟥 20 minutes in: $21.10 / 19,81 € *(volume: 527)* +- 🟩 15 minutes in: $21.10 / 19,81 € *(volume: 507)* +- 🟥 10 minutes in: $21.10 / 19,81 € *(volume: 408)* +- 🟥 5 minutes in: $21.10 / 19,82 € *(volume: 408)* +- 🟩 0 minutes in: $21.11 / 19,83 € *(volume: 338)* +- 🟩 US close price: $21.05 / 19,77 € *($21.13 / 19,84 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0649. 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! +Edit: Possibly 6.48% due to intermediate calculation rounding. + +The unadjusted CPI-U rose from 287.504 in March to 296.808 in September of 2022. The new I-Bond Rate will be 6.47% for new purchases from November 2022 – April 2023. The Current rate of 9.62% is available for new purchases through October 2022. +I am an evacuee from Fort McMurray. I have a significant amount of savings, so I'm not hurting for cash but my insurance company has called me three times offering to send me large sums of money, encouraging me to rent a vehicle (even though I'm not sure yet if there is any damage to my truck). Maybe this is a stupid question, but if I have the cash to survive - and I keep all my receipts - is that always the best option? Or am I turning down money for no reason? I can't imagine that an insurance company would have good intentions in any way... Just don't want to get raw-dogged. + +Thanks! + +Edit: I shouldn't say my house is fine. It will have a fair amount of damage to the exterior, but it's standing. + +Edit 2: I'm accepting an ALE payout for now that covers my first 3 weeks. Thanks for the advice. +EDIT: in the title I mean not to buy before Merger terms are announced, not before actual merger + +I feel for everyone holding CCIV. There is still not a good understanding of SPACs in the retail world. The reason CCIV is crashing is because the new merger terms are extremely favorable to Lucid at the expense of CCIV shareholders. + +The reason Lucid was able to get such great terms of the merger is because they had a crazy amount of leverage due to the extreme run up of CCIV **before the merger.** Basically Lucid was able to see the ridiculous premiums that people were willing to pay. They knew CCIV had no leverage at all because their share price would go back down to $10 the second the announcement of no merger happens. Lucid had CCIV by the balls and im assuming this is why it took so long for the merger to actually happen. + +A report came out not too long ago valuing that the pro forma equity value was going to be $12bn, now the pro forma equity value is supposed to be $24bn, even though CCIV shareholders only own 2bn of the company, so basically CCIV shareholders owned \~1/6th of the company according to the pro forma equity value in the first report, but now they own only about \~1/12th of the pro forma company. A huge kick in the balls. All else equal, CCIV should theoretically trade 50% lower. That wont happen because people are going to be buying to own Lucid now, but basically you as a CCIV shareholder own about half the piece of the pie that was anticipated. + +We have never seen something like this before where the blank check shares run up so much in anticipation of a merger even though the MERGER TERMS ARE NOT OFFICIAL. Really an unprecedented time we are in. + +EDIT 2: Adding in the math to determine what Lucid's market cap would've been if CCIV continued trading at $60. + +CCIV has 2bn in cash - thats the entire company. This cash was trading at a market value of 13bn due to the anticipation. CCIV shares now own about 1/12th of Lucid (2bn cash of the 24bn pro forma equity value of Lucid), with these new deal terms - if CCIV were to be trading at $60 - it would imply a market cap of $156bn (13bn/.083) for Lucid. This $156bn would make Lucid the 3rd biggest car company in the world +The Greeks are a set of risk measures that indicated how exposed an option is to time value decay, implied volatility, and pricing changes in an underlying security. There are five Greek risk measures: Delta, Theta, Vega, Gamma, and Rho: + +Delta: This is a measure of the change in an option’s price or premium resulting from a change in the underlying asset. A high Delta option’s premium will increase more than a low Delta option’s premium for every $1 the stock gains; a high Delta option’s premium will also fall more than a low Delta option’s premium for every $1 the stock loses. For example, if the Delta is 0.6 then for every $1 the stock rises the premium will rise $0.60. Delta is also commonly used when determining the likelihood of an option being ITM at expiration. For example, an OTM call option with a 0.20 Delta has roughly a 20% chance of being ITM at expiration, whereas a deep ITM call option with a 0.95 Delta has a roughly 95% chance of being ITM at expiration. Lastly, Delta is used when determining directional risk. Positive Deltas are long (buy) market assumptions and negative Deltas are short (sell) market assumptions. Neutral Deltas are neutral market assumptions. There are three main things to keep in mind when considering Delta: +- Delta tends to increase as expiration approaches for near or ATM options. +- Delta is further evaluated by Gamma, which measures Delta’s rate of change. +- Delta can also change in reaction to implied volatility changes. + +Gamma: This measures Delta’s rate of change over time as well as the rate of change in the underlying asset. Gamma is used to help forecast price moves in the underlying asset. Since Delta values are constantly changing with the underlying asset’s price, Gamma is used to measure the rate of change and provide traders with an idea of what to expect in the future. Since Gamma represents the rate of change of Delta, it is useful for determining the stability of Delta, which can be used to determined the likelihood of an option reaching the strike price at expiration. A good way to think of Gamma is the measure of the stability of an option’s probability. If Delta represents the probability of being ITM at expiration, Gamma represents the stability of that probability over time. Gamma values are highest for ATM options and lowest for deep ITM or OTM options. For example, suppose that two options have the same Delta value but one option has a high Gamma and one has a low Gamma. The option with the higher Gamma will have a higher risk since an unfavorable move in the underlying asset will have an oversized impact. High Gamma values mean that the option tends to experience volatile swings, which is a bad thing for most traders looking for predictable opportunities. An option with a high Gamma and a 0.75 Delta may have less of a chance of expiring ITM than a low Gamma option with the same Delta. There are three additional things to keep in mind when considering Gamma: +- Gamma is the smallest for deep OTM and deep ITM options. +- Gamma is highest when the option gets near the money. +- Gamma is positive for long options and negative for short options. + +Theta: This measures the rate of time decay in the value of an option or its premium. Time decay is the erosion of an option’s value from the passage of time. As time passes, the chance of an option being profitable or ITM lessens. Time decay tends to accelerate as the expiration date of an option draws closer because there’s less time left to earn a profit from the trade. Theta is always negative for a single option since time moves in the same direction. Theta is good for sellers and bad for buyers. For example, assume an investor is long an option with a Theta of -0.50. The option’s price would decrease by $0.50 every day that passes, all else being equal. There are three additional things to keep in mind when considering Theta: +- Theta can be high for OTM options if they carry a lot of implied volatility. +- Theta is typically highest for ATM options since less time is needed to earn a profit with a price move in the underlying stock. +- Theta will increase sharply as time decay accelerates in the last few weeks before expiration and can severely undermine a long option holder’s position, especially if implied volatility declines at the same time. + +Vega: This measures the risk of changes in implied volatility or the forward-looking expected volatility of the underlying asset price. Vega represents the amount that an option contract’s price changes in reaction to a 1% change in the implied volatility of the underlying asset. While Delta measures the actual price changes, Vega is focused on changes in expectations for future volatility. Higher volatility makes options more expensive since there is a greater likelihood of hitting the strike price at some point. Vega tells us approximately how much an option will increase or decrease in the level of implied volatility. Option sellers benefit from a fall in implied volatility, and option buyers benefit from a rise in implied volatility. Long option traders benefit from pricing being bid up, and short option traders benefit from prices being dig down. This is why long options have a positive Vega and short options have a negative Vega. For example, if the Vega is 0.25 and the implied volatility increase by 1%, then the option’s bid-ask price should increase by $0.25. If the Vega of an option is greater than the bid-ask spread, then the option is said to offer a competitive spread. This is just one consideration, as too high of a spread could make getting into and out of trades more difficult and/or costly. There are three additional points to keep in mind when considering Vega: +- Vega can increase or decrease without price changes of the underlying asset, due to changes in implied volatility. +- Vega can increase in reaction to quick moves in the underlying asset. +- Vega falls as the option gets closer the expiration. + +Rho: This measures the change in option premium due to interest rates. For example, if Rho is 0.25 and interest rates are increased by 1%, the price of the contract would increase by 0.25 / $25. If interest rates are decreased by 1%, the price of the contract would decrease by 0.25 / $25. + + +If anyone is familiar with calculus, you can think of the Delta as the velocity of the contract price(first derivative) and the gamma as the acceleration of the contract price(second derivative). These calculations come from the partial differential equation, Black Scholes model. + +I posted here last night in regards to my Options app, StockOrbit and I will be adding tutorials on the Greeks to better understand them for the community. + +Disclaimer: I did not write up parts of this explanation, the majority was sent to me from a friend. +I currently live in a MCOL and work at a high growth tech company. When looking ahead, I can’t say I have strong interest in the positions ahead of me. To be specific, I work on the strategic business partnerships side, and not a dev. + +I love everything technology. The innovation, advancements, conversations, industry news, and solutions are all things that excite me. + +What I don’t necessarily love is working in this space. The pressure, constant meetings, never ending quotas, office politics, and having to build a “personal brand” to stand out (yes this is a thing at tech companies) are all things that make it intolerable. + +I am near 31 and have $5M invested right now. The stress is beginning to creep into my life outside work (hence this post) and I’m beginning to wonder if the juice is worth the squeeze. Considering scrapping it all but afraid to quit due to uncertainty. + +If I had my own company idea or another way to work for myself I would. But I don’t currently. +Hi all - HENRY and aspiring FatFireer here. I'm old enough to have been financially aware for a few serious pullbacks by now, but was a child for dotcom fuss. + +Curious for perspective from those who are either approaching their respective milestones or those who have watched the last 6 months and made adjustments to their approach. + +For clarity, this is not a doom and gloom post and I'm buying left and right but I'm curious to see how the last 6 months and the road ahead has shifted your perspectives. + +Are you "stay the course / double down" or was this a wake-up call in trying to bulletproof your portfolio? +[Basically this post.](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) + + +I am a completely different person when I work, attend school, and/or live with my parents versus when I have nothing at all to do and everything is interesting. I love the nothingness and hate the grind. + +The feeling seems the same no matter if it is 20 hours per week or 60 hours. I have to plan the next day on the unknown factor of work and all the potential social consequences. When I do not have school or work, I am "free" to do anything because learning, watching, reading are mostly free of consequence. + +***************** +***************** + +For example, I actually had a very complete/complex dream the other night: + +* At first it was a movie-based dream. It felt very emotional, happy, sad, excited. And then later on I was a main actor, playing a role, and really learning the characters. In fact, I never realized I was in a dream, ever. And I made so many friends, including Jack Black. + +* Then it changed yet again, and this dream was really a movie and now I am back in a high school class. We have to take a pop quiz over this film. I am so excited, because I actually felt I knew exactly what was going on, how it occurred, and everything regarding the plot structure. I was a character! + +* But in my rush I forget to take off the papers from my desk (after answering all the questions super fast, uncharacteristic of me) and the teacher lectures the entire class about me, saying if it wasn't for my disability he would have failed me. + +* I turn around to my friend and say with a smile on my face: "sometimes these moments are when I wish all my pencils (around 30 of them in the dream) were sharp so I'd just stab my neck over and over." + +* I then wake up. What the hell. + +A summary of what my thoughts are and what stood out for me: + +* I never, at any time, realized I was in a dream until I woke up. + +* I was always the actor of wherever the dream took me and the environment was extremely and highly influential + +* The entire focus changed from feeling all these emotions and understanding all these people (within the dream) to hope/anticipation with a school quiz, to complete dread and narrow sighted focus for a grade and not failing (the concept of cheating, the concept of authoritative teachers), and then ending with my desire to die + +******* +******* + +Basically I feel my major problem with "build the life you want" is centered around having to work during an accumulation phase and my own suggestibility: the working environment is largely unknown and volatile. My persona shifts due to the social factors and consequences. My confidence, energy level, and overall mood also shifts. + +I could never build a life I wanted at school, because I was terrified of external factors (parents, teachers, professors, even my peers). I was submissively surviving, appeasing, and what others would say "sucking up" but it was slowly killing me every time. + +If I dislike the American work culture to an unhealthy degree, if I dislike the thought control a job creates over people, and if I dislike this entire structure harming the health of neutral forces (environmental for instance), then how can I swim against this massive current? + +The only real way is to build "bonds" in a literal sense (like chemistry so that the chain is stronger than an individual) or in a social sense (FIRE based unions anyone?). But the nature of work is against a lot of these efforts. In fact, the people who usually benefit the most are also the ones self-sabotaging their chances, including myself. I reject a new experience because it would break the routine of my survival or future survival. But in reality the opportunity would increase it if I had a non-work or non-school persona. It is incredibly frustrating. + +I feel like a completely different person at school or in a job, and the only true focus is getting out. How can I build a life I want to live if the majority of time will be spent doing something that emotionally shellshocks me? + +What are your experiences and thoughts on the matter? +...will be something you don't expect. Any known quantity won't matter. People dying of the virus won't matter. Bad economic data won't matter. People being out of jobs won't matter. + +What will cause the next chaos in the market will be something which is currently unexpected and which might emerge. + +Examples that are plausible tail-end risks to the virus: + +1, Italy goes broke and cannot service its debt or will not service its debt. Possible as eurobonds aren't going to happen and they have a huge debt mountain. This would cause a debt spiral which would engulf the entire world and be an absolute financial disaster which dwarfs 2008. Italy could also trigger trying to leave the EU if eurobonds don't happen - public opinion has shifted due to the virus. + +2, China vs the west break down of trade/relations. Company valuations are often based on global supply chains. If these break down (which could happen) it means all these blue chip multi-nationals that make up index-trackers suddenly lose a huge amount of potential value. This would cause a stock market collapse. This is possible as the west might hold china responsible for killing millions of people here. There will also be a movement against globalisation with countries being unable to source things from abroad in a crisis. Protectionism and pulling back from globalisation would devastate big multi-nationals. + +So stop expecting bad unemployment numbers to cause a stock market decline when central banks and governments are pumping in trillions of dollars, pounds, yen and euros. It will be one of these new things which causes the next crash in the market. +When most people are starting out, they have minimal networth. Even if they double their return because the capital base is so small, their profit is negligible. It makes more sense to maximize their employment earnings/grow business. + +But once you have a sizeable capital base, even increasing your returns by a modest amount can earn you huge profits, potentially more than you could earn from your job/business and so it makes more sense to focus on your investments as a full time job. Ex. If you have $10,000,000 and you can increase returns by 5% by making investing your full-time job over what you would have earned passively, you earn an extra $500,000. + +But this is a difficult transition because most people are not trained in making investments as their day job/business. They're doctors or lawyers or in tech or what have you. Warren Buffett spoke about this problem. He said that most CEO's rise through the ranks by being very good at one particular set of skills, such as sales/marketing, operations, product development, etc. But once they're CEO, their most important job suddenly becomes capital allocation (I.e. Grand strategy: which markets have potential, which business lines should we expand/divest, etc.), which is a set of skills they likely haven't cultivated. As a result, many CEOs who can't make this transition, do a disservice to their company. + +The whole point of fatfire is to have so much in passive returns that you don't have to work anymore. But have any of you, either before fatfire, or in deciding not to RE transitioned to more of an investment role rather than as a worker/business owner? +> Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv + +> Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv + +> Early this month, Tesla reported vehicle deliveries of 254,695 electric cars for the period ending June 30, 2022, showing 27% growth from the year-ago quarter, but an 18% decrease sequentially. Deliveries are the closest approximation of sales Tesla discloses. Its Model 3 and Model Y vehicles comprised 93% of those deliveries. + +> Russia’s brutal invasion of Ukraine and Covid outbreaks in China exacerbated ongoing semiconductor and parts shortages, along with other supply chain snags. Covid restrictions in Shanghai forced Tesla to temporarily suspend or limit production at its factory there during the second quarter of 2022. + +> CEO Elon Musk also lamented the high costs of starting up production at new factories in Austin, Texas and Grünheide in Brandenburg, Germany. During an interview with Tesla Owners Silicon Valley, a company-recognized fan club, Musk said the two new factories “are gigantic money furnaces.” + +> The CEO announced steep headcount cuts in June. + +> Tesla’s cryptocurrency holdings also likely declined in value substantially, depending on how the company traded them. Barclay’s analyst Brian Johnson said on Monday that he expects Tesla to record an impairment of up to roughly $460 million due to bitcoin declines. + +> On the brighter side, Tesla recently marked a milestone with an employee posting on LinkedIn this week that the company surpassed production of 2 million vehicles at its Fremont, California factory. + +> According to a White House memo from June 28, Tesla also plans to “begin production of new Supercharger equipment that will enable non-Tesla EV drivers in North America to use Tesla Superchargers.” + +https://www.cnbc.com/2022/07/20/tesla-tsla-earnings-q2-2022-.html +Namaste Bitcoin Family, + +My name is Paco, and I am crazy enough to want to travel to 40 countries in 400 days, only with Bitcoin. Bear with me please, here’s why. + +I am a self-motivated traveler and I have been couch-surfing for the last 6 years. + +In 2007 when I came to India for education, $1=38rs, + +and now it’s 2021, $1=76rs. + +In 2000 Argentina was $1 = 1Peso, + +In 2018 during my travel, it was $1 = 25 Pesos, + +2021 the same $1 = 100 Pesos. + +You know how the story goes. You guys know it way better than me. + +Throughout my journey, over the years I have seen plights of citizens in these hyperinflating regions. Folks, running like crazy every day to make their ends meet. + +Recently a friend of mine gave me the book “The Bitcoin Standard” and I have been going down the rabbit hole ever since. Over my study in the last few weeks, it went like a blaze, and I could see how many experiences I had from my past travels were correlated with the plights of the fiat currency world. + +I came to believe that “sound money”, that people can take their own custody of, is necessary for a working society, and Bitcoin is a possible way to achieve that. Although I don’t know much about how it works under the hood, I feel at home looking at the ethos and dreams of the Bitcoin community, striving for a bitcoinized world. And I wanna be part of that story. + +My past travels and experiences provided me a direct path to achieve that. I have been running around the world since I was 24. I will run again, and this time I will do it with Bitcoin while vlogging my entire journey. I will spend in Bitcoin, I will earn in Bitcoin, I will receive your love in Bitcoin, and I will talk about Bitcoin and try to convince whoever I can to accept Bitcoin from me as a payment. + +And most importantly I will come and meet with all you Bitcoiners out there in the world and share the love. No matter where you are, I am gonna find you, and I am gonna hug you. + +So come along on this wild ride with me. Support me with donations, arrangements, hosting, or just prayers and kind words. + +One day we will meet each other at the dawn of HyperBitcoinization, at the end of our current Fiat Tyranny. Till then keep fighting the good fight. + +Why am I doing this? + +Mass Awareness & Show the kindness of Humans of Bitcoin around the world through the vlogs that will be shared on my youtube channel. The world is a kind place. + + +Over and out. + +Paco De La, India. + + +Website - https://support.runwithbitcoin.com/ + +Twitter - https://twitter.com/RunwithBitcoin + +YouTube - https://www.youtube.com/c/PacoDeLaIndia/ +I just did a blockchain scan and as of today, the total amount of bitcoins that have never been spent is 1,917,980 or **13.91%** of the total. + +So where does the [oft-parroted figure of 64%](https://www.google.com/search?q=64+percent+bitcoin+never+spent) come from? + +It turns out, it was originally published in this paper: http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf. At first I thought it might be an old analysis from 2009 or 2010 when Satoshi's coins still dominated the total. Not even close: the paper was written in October 2013 and by that time only 16% of the coins remained unspent. + +It is funny how the 64% number was repeated by International Business Times, The Atlantic, Al Jazeera, Arstechnica, Telegraph etc. (often in snarky articles which ridiculed Bitcoin) and no one even bothered to double-check that paper's findings. This number [is still](https://www.reddit.com/r/Bitcoin/comments/28ehvg/i_am_officially_1_in_21000000_d/cia8aix) [being presented](https://www.reddit.com/r/Bitcoin/comments/28iy5h/what_percent_of_all_coins_have_never_moved_since/cibfb69) [as a "fact"](https://www.reddit.com/r/Bitcoin/comments/246pvj/50_insane_bitcoin_facts/) + +As a bonus here's a chart showing how the percentage of unspent bitcoins changed with time: http://i.imgur.com/xnUoFEB.png + +**Edit**: [this comment](https://www.reddit.com/r/Bitcoin/comments/2uag65/have_you_heard_the_fact_that_64_of_all_bitcoins/co6o0wt?context=3) by /u/Sukrim explains everything. The researchers found that 64% of all bitcoins are stored in non-reused addresses and interpreted this as "64% of coins have never moved." I wonder why people with such gross misunderstanding of how Bitcoin works even feel qualified to write bitcoin research papers! +Hi folks! I was curious to see how much one could earn during 2018 by investing perfectly (i.e. knowing daily prices for the entire year in advance). This does not make much practical sense, but I couldn't resist my curiosity. + +First, I made a bunch of assumptions (to make the problem tractable): + +1. one starts with 1000$ +2. one can do only 1 action per day + 1. buy 1 item at the lowest price with all your money + 2. sell all your stock at the highest price + 3. do nothing +3. no fees +4. fractional shares +5. all transactions succeed +6. only securities available at [iextrading.com](https://iextrading.com) (I needed to get the data somewhere, AFAIK, they might have removed the public access already) + +And the answer is.... + +2235976324368894910070981708437303314132384811588503138465677325225209962386423808 USD (2.2e+81 USD or 63.93% return on investment, **daily**). To achieve this one needed to do just [these 107 transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_with_penny_stocks.html), easy peasy. + +Obviously that's more than I expected, so I looked into why it was so large. Penny stocks... Then I decided to forbid anything cheaper than 5 USD per share. This brings the number down to 1537713047211124526310105417510931136512 USD (i.e. 1.5e+39, daily ROI 25.64%, [transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_without_penny_stocks.html)). + +Still a lot and I didn't recognize any of these companies. Let's go full conservative here and restrict ourselves to S&P 500 only. This gives us 30 853 548 412.13 USD (i.e. 3.1e+10, i.e. just almost 31 billions, ROI 3.1e+09%, daily 4.84%). So what did you have to do? Just [these dozen of dozens transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_s_p_500.html). + +I don't want to get you bored, so if you want to read about my methodology, datasets and the process, you are welcome to do so in [this post in my blog](https://merelycurious.me/post/luckiest-investor-or-investing-when-knowing-the-future). TL DR: I did run dynamic programming to do the optimization. Yes, it is optimal (modulo the assumptions above) and I can formally prove it. I somewhat touched this in the post. + +Did you have any crazy ideas like this? If so, please share, I would love to do more similar calculations. +About a year and a half ago I got one of those fitness trackers that would measure your heart rate. I've also had a lot of life changes (move, better job, etc) over that period of time. Recently I graphed out my resting heart rate as recorded by the tracker every day, and noticed that I could see the effects of my changes on my heart rate. + +[Graph here!](http://imgur.com/a/A9w2u) + +(My physical activity levels did not really change over this time except for that very last half rectangle). + +Seeing this made me think of this sub because I feel like it demonstrates how being able to retire early and not deal with things like commuting and job stress could really affect your health in the long term. Just thought it would be a neat thing to share. +For those that compute future SS benefits it is time to update the data in your formulas. I don't know if the various online tools are updated yet or not but I assume they will be soon. This data impacts how much your prior years wages are worth and how much of your contributions go into the 90%, 32%, and 15% buckets: +[https://www.ssa.gov/OACT/COLA/piaformula.html](https://www.ssa.gov/OACT/COLA/piaformula.html) +[https://www.ssa.gov/OACT/COLA/AWI.html#Series](https://www.ssa.gov/OACT/COLA/AWI.html#Series) +Tether used to claim that 1 USDT was backed by 1 USD in reserves. This has now been silently changed to + +>Every tether is always 100% backed by **our reserves**, which include traditional **currency and cash equivalents** and, from time to time, **may include other assets** and receivables from **loans made by Tether to third parties**, which may include **affiliated entities** (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always **valued** by Tether at 1 USD. + +They openly admit they send funds to bitfinex. + +USDT is now officially not backed 100% by USD. + +I guess we're back to trusting 3rd parties, running fractional reserves, to run the market. + +https://tether.to/ + +Proof of funds link also leads to a dead page. + +**::Edit::** + +Proof of funds page is now working, still doesn't provide proof of funds. +Say the boomer generation which majority probably have 300-600kish locked up in super all decided to retire this year preferably around the same time could they effect the markets in any major way? +I’ve heard of the benefits of an offset account to reduce the interest payable. I’m now on my second mortgage and both times I’ve specifically asked for an Offset account but both lenders (MyState then CBA) have advised that I can’t have the offset but have given me the “redraw” facility instead. + +When I’ve asked the broker I am told there’s no difference but I’m just unsure why the lenders are quick to offer the redraw but hesitant to give out the offset account. +I was hoping for some advice on what a smart approach might be. + +Let’s say that I have £700,000 and I’m interested in purchasing a home to live in after coming back from living abroad. Currently jobless and searching (slowly). + +Would it be a smart idea to wait and put the money in a 5% fixed saving account for a couple of years? This would generate a liveable wage of around £35000 before tax. If I found a job then the money could all be saved. + +The other option is to purchase somewhere now (it would be in London, so likely a flat at these prices). + +I was thinking inflation could be an issue long term but I was thinking this would be for 2 years max as if house prices come down even a little, I’d be better off in the long run. + +What would you do in my situation? +I love the way it displays the fundamentals in frank graphs and clear charts that allow for intuitive side by side comparison. +For example, check out ddd vs goog: +http://www.wolframalpha.com/input/?i=ddd+vs+goog +**To start, PLEASE take a look at the graphic** as it shows the relationships between the GME tokens a lot more clearly than I've seen anywhere else so far - [GitHub - schismsaints/GME\_NFT](https://github.com/schismsaints/GME_NFT) + +**Edit: Putting this disclaimer in a number of places, but not all of these coins have been verified and you shouldn't just go out and buy a random coin because someone on the internet thinks there's an off chance it's not a scam.** + +Like many, I was intrigued when I heard about GameStop dabbling in NFT - first, through the [job postings](https://finance.yahoo.com/news/gamestop-hiring-blockchain-analyst-specializing-075700175.html), then with [nft.gamestop.com](https://nft.gamestop.com). I did a [brief dive into some of the smart contract details](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/gzgpytb/?context=3) back when it initially came out but recently have gone much further down the rabbit hole. + +I'll summarize some of the juicier bits and provide some speculation as to what it could mean as well as some resources to familiarize yourself with some of the details of blockchain, smart contracts, and tokens, but I have put together a [larger graphic](https://github.com/schismsaints/GME_NFT) in PNG/PDF/SVG formats visualizing some of the connections a little better (fair warning, I'm an engineer not an artist). I recommend loading it in a full web browser on as large of a monitor as possible. You'll understand why when you see it. + +First, a few key terms/concepts. + +**Blockchain**: In very simplistic terms, think of the blockchain as a ledger/record keeping system where each 'block' is a record and linked to the previous and next blocks in a chain. The process of adding a new 'block' involves computing and verifying prior information in the chain to ensure that nothing has been tampered with and that the full history of the chain is intact. + +[Blockchain Definition: What You Need to Know (investopedia.com)](https://www.investopedia.com/terms/b/blockchain.asp) + +**Fungible**: "being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account " (src: dictionary.com) + +**Token**: This is probably the part most people understand, though there are some nuances. There are two types of tokens and a number of differing implementation standards. + +* Fungible Token - ERC-20: A token that is one of a pool of identical tokens. They can be split, transferred, or exchanged and are commonly used as currencies. Most established mainstream or alt- coins fall into this category. + * [Cryptocurrency Definition (investopedia.com)](https://www.investopedia.com/terms/c/cryptocurrency.asp) +* Non-Fungible Token (NFT) - ERC-721/ERC-1155: A non-fungible token is a unique entity on the blockchain. There are no others exactly like it, and it has its own record of ownership, attributes/metadata, and cannot be substituted for another token identically. [CryptoKitties](https://www.cryptokitties.co/) is one of the most popular examples as they basically pioneered the ERC-721 standard. NFT artwork is another recently popularized example of this. + * [Non-Fungible Token Definition: Understanding NFTs (investopedia.com)](https://www.investopedia.com/non-fungible-tokens-nft-5115211) + +&#x200B; + +[Non-Fungible Kitties!](https://preview.redd.it/hj74bjb47n971.png?width=300&format=png&auto=webp&s=b8fcbbce01a45c57fc93680483f9519a470ef057) + +**Smart Contract**: A smart contract is a way to automate 'stuff'. That 'stuff' can be any number of tasks but some of the most common ones include creating (minting) or destroying (burning) tokens from an available pool. This can be fungible or non-fungible tokens (or, in the case of ERC-1155, both/either). + +[Smart Contracts Definition (investopedia.com)](https://www.investopedia.com/terms/s/smart-contracts.asp) + +The GME NFT story started in earnest with GameOn Anon, the smart contract address posted at [nft.gamestop.com](https://nft.gamestop.com) + +&#x200B; + +[Power to the Players](https://preview.redd.it/x352qjj57n971.png?width=268&format=png&auto=webp&s=2c0d1ab1a3a208cd3b86a9dc799603a52463edd0) + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +There are a lot of interesting threads from the smart contract, the most well known of which is the "launchDate" variable which equals 04:20 PDT 7/14/21 (come on, that can't *not* be intentional). + +&#x200B; + +https://preview.redd.it/bja10vi67n971.png?width=633&format=png&auto=webp&s=a2cb5526b08222b15f4cfb9b8284c5faac57585d + +The [owner](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) of the smart contract is also interesting. + +It owns the only GME ERC-721 token, 420.69 of the GME ERC-20 token, an E t h e r e u m Name Service record ([gamestopnft](https://etherscan.io/token/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory)), and the 1337 [email signature](https://etherscan.io/token/0xc9ff785a33f2000652d0336e476a06ccd909317a?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory) prefix used for several blockchain constructs. + +It also received 0.00001337 E t h e r on 5/25/21 from andrwyng (wut doing Andrew Yang??) + +Edit: Not actually Yang - [https://mobile.twitter.com/andrwyng?lang=en](https://mobile.twitter.com/andrwyng?lang=en) \- thanks [/u/No-Information-6100](https://www.reddit.com/u/No-Information-6100/) + +&#x200B; + +[False alarm, but had me very intrigued when I saw it initially.](https://preview.redd.it/hprlbkr77n971.png?width=759&format=png&auto=webp&s=efef7ea335484ab1cef7f0e86fce04a2602f48f3) + +There are three GameStop specific tokens they appear to be working with, along with a number (>20) altcoins and other tokens. + +* [GME Coin (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) \- Qty 12,000,000 - Not confirmed, not too suspicious + * Possible online store/digital currency? Would be interesting if it functioned similar to a [stablecoin](https://www.investopedia.com/terms/s/stablecoin.asp) pinned to the dollar +* [GameStop (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) \- Qty 69,420,000 - Not confirmed, possible scam but has weird connections I haven't fully explored yet. + * They moved a large amount of this (>50%) to [Uniswap](https://en.wikipedia.org/wiki/Uniswap) which in layman's terms can be considered as kind of an escrow/holding/forex account but in the crypto realm. Quite a few have been distributed from here to over 60 different destination addresses. + * Yahoo! Finance lists the 'Implied Shares Outstanding' for GME as 69.38M, which is preeeeeetty close to the 69.42M tokens minted here. Could this be used as a shareholder dividend, potentially exchangeable between GameStop and GME Coin/USD? + +https://preview.redd.it/qm9w71ba7n971.png?width=336&format=png&auto=webp&s=8d3b8613f980d06adf1f2a7eca4bcfe792081704 + +https://preview.redd.it/0jexo0qa7n971.png?width=1334&format=png&auto=webp&s=6f5ab609573617f84a25e54a5df67ff3a7a295cd + +https://preview.redd.it/yppy9h3b7n971.png?width=1347&format=png&auto=webp&s=fdeece7225eafafb264cfc3a3beb0e0e458a0573 + +* [Gamestop (ERC-721)](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) \- Qty 1 - Confirmed legitimate + * There is only one of these in existence at this point with no clear use for it yet, but there are some interesting possibilities I've considered such as blockchain-based share tracking (i.e. each NFT would have a 'share # X' value on it) or as a shareholder ID token ('shareholder # X'). This one has the least clear forward looking use case at this point for me. + +**Possible Business Uses** + +* In-store currency - GME Coin can be used as an in-store currency/reward system +* Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies. +* NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms. +* Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain +* In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty + +**Possible Shareholder Uses** + +* Shareholder record keeping - have a token proving your status as a shareholder +* Share/securities record keeping - similar, but for shares. Kind of a stretch but could be a proof of concept for blockchain based trading +* Crypto Dividend - Provide GameStop (ERC-20) tokens, even fractional ones, as a shareholder dividend. Allow conversion to USD or GMECoin/USD to cash out. Provide a way to purchase or 'auction' GameStop tokens and you now have a shareholder perk with monetary value that could appreciate over time. + +Here's the PDF of the chart/diagram I put together, the github link also has PNG and SVG versions of the image. + +[GME\_NFT/GME\_NFT.pdf at main · schismsaints/GME\_NFT · GitHub](https://github.com/schismsaints/GME_NFT/blob/main/GME_NFT.pdf) + +TL:DR; GME doing crypto stuff. Lots of crypto stuff happening especially in the last week. Crypto stuff has lots of options, most of which will print money. + +&#x200B; + +[I like money](https://preview.redd.it/m98p6jtc7n971.png?width=492&format=png&auto=webp&s=28d229a20045e33ea3b43ab8b8557830a0970a25) + +Edit: to answer a good point brought up by /u/haydonny1 in the previous thread before I screwed it up with this edit :( - the alt coins could be sent by any random source and aren't concrete proof of anything. I still maintain that the three GME tokens may be legitimate and all have ties back to the original Smart Contract either one or two levels removed. I haven't investigated the altcoin sources enough to be able to say whether or not they're being worked on by GME at this point. + +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +* Is the address posted on [nft.gamestop.com](https://nft.gamestop.com) +* Owns 69,420.69 GameStop ERC-20 tokens +* Owns 2,000,000 GME Coin ERC-20 tokens + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad + +* Is the Smart Contract address listed in the source code of the [nft.gamestop.com](https://nft.gamestop.com) smart contract. +* Holds 1 Gamestop ERC-721 token +* Holds 420.69 GameStop ERC-20 tokens +* Holds gamestopnft.e t h and 1337 ERC-721 tokens + +**Double Edit: I'm seeing a lot of debate about the ERC-20 GameStop token and whether it's related to a scam site (game-coin or something, I think it's been pulled down and I can't find an archive now). At this point after digging multiple levels deep, I'm seeing a lot of conflicting information in the transaction logs and Uniswap destinations and I can't definitively say whether it's a scam or legit. I'm working on updating the graphic and will include a disclaimer, though I do still want to keep it in the picture until we can definitively rule it in or out.** + +Big thanks to /u/HandyBananaMan, /u/Peteszahh, /u/EngineeringDude2017 and others for their discussion and links to other resources. I have more work to do. + +**I'd hope it should go without saying, but don't buy a GME token on something that's not a GME app :)** +Recently have been pushed in a bit of a difficult situation. I work a full time job making ~37k but have decided to move into my truck in order to make ends meet, pay off student loan & credit card debt, while saving and avoid living with roommates in a high COL area. Was just wondering how I will be able to file taxes without an address? Can I used the post office's general delivery or use an out of state address of a family member? I'm assuming I can't just leave it blank. +Posting on a throwaway. + +I’ve been with my wife for 10 years, married for 5, and in that time her parents have always been polar opposites to us money wise. At 51/52, they live paycheque to paycheque, _always_ have multiple payday loans out, and have zero savings. Yet, they earn about £60k a year between them - they’re just terrible with it. + +Everybody in the family has told them multiple times that they need to start thinking about the future. My wife and her siblings have often thought _what would happen if her father was made redundant or got sick?_ (he earns around 70-80% the household income). Last month, he had a health scare that required hospitalization but turned out to be something trivial, but it hasn’t seemed to have made a difference to their mindset. + +My concern is this. Of the numerous siblings in law, we’re the only ones who earn and save a good amount. The family all know this, too. We’re the only ones who have bought a house and they joke that should anything happen, they’ll have to move in with us (3 bed, 2 spare rooms). + +I honestly fear that should the worst happen, we’ll be expected to bail them out - it already happened with a sudden and unexpected £1,000 bill last year. I’ve voiced my concerns to my wife before but she has adamantly said _No, we won’t do it._ I know that if it came down to bad health, eviction, etc., we’d be expected to by everybody. + +I’m really not sure what to do? It’s not a question of _if_ but _when_ it happens at this rate .. + +Edit: Woah, this blew up. Thanks for the replies. +I saw that some people have MOON written next to their profile name on comments and posts. I was wodnering how they got them. A friend told me that I should create a vault first, so I did. However, I have 0 clue on how to get MOON. + +Also, what can you use MOON for? + +Before you downvote me to the MOON, yes I did read the Reddit wiki on this and couldn't figure it out. Honest question here. + +Hope you can help a MOON noob out. Thank you! + +Edit: I saw a comment below saying I did this to farm MOON. And this just got me wondering. Are MOONs actually creating some sort of paranoia from upvoting posts/comments? + +I'm saying this because the post has 120 comments but only 15 upvotes. I don't mind it at all since I got more answers than I even wished for (thank you all for that). But it just seems weird and got me wondering. Anyone has an opinion on this? +"The 8,000 sq. ft penthouse on the 66th floor has an asking price of $13.25 Million, which is lower than the $15million Griffin paid to acquire the 5bdrm and 6bath property in 2012" + +[https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/](https://www.nbcchicago.com/news/local/citadel-ceo-ken-griffin-lists-chicago-penthouses-for-sale/2900895/) + +A short sale is **when a mortgage lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner**. The lender forgives the remaining balance of the loan + +**By a financially distressed owner, lmayo** + +Is this a short sale ? anyone know how to see this kind of info + +**\*\*(EDITED This is not a short sale. A short sale is when the bank allows you to sell a property for less than what is owed to the bank. u/ 33zig comment has info on this )** + +Also mandatory 2008 bailout article screenshot, this man is known to get in deep water. He seems to be drowning again. + +&#x200B; + +https://preview.redd.it/j5m41gsnwke91.jpg?width=725&format=pjpg&auto=webp&s=31d869f5935d0513a51290ada9565d75931b062a +I used to be a regular on Fatwallet Finance (now defunct). I now spend my time on subs like /r/churning, /r/personalfinance and of course this sub. I never got a chance to update my thread before Fatwallet shut down. I thought I’d post this as a final update here since there’ve been a lot of posts about start-ups, windfalls, etc. Hopefully this will be an interesting look inside the world of start-ups and venture capital (VC). This isn’t a typical path for FIRE and I’d highly suggest a more normal corporate route for the vast majority of folks. + +&#x200B; + +Let me preface all of this by saying my outcome was incredibly lucky. Working hard and being smart is a prerequisite for success, but nothing helps more than being born on third base. + +&#x200B; + +TL;DR: Our startup went on to raise a few million dollars in venture capital and was eventually acquired by a large tech company where I now work. I’m now at a crossroads of staying at the company or doing something else. + +&#x200B; + +You can read a couple of my earlier threads on the Internet Archive: + +1. [Financial Advice for Leaving Corporate Job for a Start-up](https://web.archive.org/web/20170327080956/https://www.fatwallet.com/forums/finance/1130440) \- I posted this when I was considering leaving my corporate job to start a company. +2. [Start-up Life Update](https://web.archive.org/web/20170408054117/https://www.fatwallet.com/forums/finance/1153738) \- I posted this after I left my corporate job and was a few months into the start-up. + +&#x200B; + +Here’s the summation of the above two threads: + +1. At 23 I decided to leave my corporate job to start a start-up with a couple of friends. +2. I was making $105k in total compensation at the time. +3. I had $175k saved up with zero debt (incredibly lucky with parents paying for college so I was able to save up income from part-time coding jobs and internships, which I was able to invest in the rising market). +4. Since leaving the job in late 2011 and moving down to the Bay Area, we had just gotten into an accelerator, which helped us define our product and introduce us to investors. + +&#x200B; + +After we completed the accelerator, we raised a small seed round which we were able to hire a few more employees and continue to iterate on our product. At this stage, VCs are looking for a solid team and product vision. There’s usually not much due diligence here except for a meeting with the founders and a walk through the pitch deck. A large VC will have something like $500m to invest so for them to invest $250k is like them putting a bookmark on your company. If it fails, no biggie. However, if it starts to prove out, they are first in line for your Series A. This is also the stage where angel investors will come in at about $25-50k each. The key to successful fundraising is to have a solid team, product vision and lead investor (e.g. willing to invest $250k out of your total $500k fundraising round) that other smaller investors will rally around and fill the rest of the fundraising round. + +&#x200B; + +We weren’t generating much in revenue so we (the founders) didn’t pay ourselves any meaningful salary for the lifetime of the company. Looking back at my W2s, I got paid <$5k in 2012, <$15k in 2013 and <$30k in 2014. Curiously, my net worth didn’t take a dip during those years since 1) the market was rising and 2) I kept my expenses low. + +&#x200B; + +I don’t think my expenses topped $25k/year during my time at the start-up. A lot of people might think living in the Bay Area would be prohibitively expensive but you can get away with surprisingly little if you moderate your expectations. Here are my top tips for living in the Bay Area cheaply: + +1. Find a room in a rent controlled apartment. You won’t find these rooms on Craigslist as vacancies are posted by the master tenant within their first/second degree connections on Facebook. These won’t be the best of places (e.g. no dishwasher or washer/dryer) and oftentimes poorly maintained. My rent never exceeded $700/month. +2. Use a bike and public transit to get around. +3. Shop at Asian grocery markets buying nearly expired produce for cheap (e.g. I used to buy onions for $0.10 per pound). +4. Any travel I did was done via points. This was the golden age of churning so I didn’t pay for any airfare/hotel for a few years. + +&#x200B; + +A couple years after our seed round, we continued to scale out and prove out our product and gain traction. At this stage, we were still not profitable. However, we were showing enough promise for investors to want to do a Series A (usually $3m-10m). There’s more due diligence done at this stage and the company often has a meaningful amount of revenue/growth. Today, that’d be about $1m ARR (annual recurring revenue). Funnily enough, I found raising a Series A easier than our seed round. This is due to the fact that we had already made connections with VCs in the past couple years and were a bit more proven. + +&#x200B; + +After raising our Series A, we continued to expand the team and iterate on the product. I can’t say we ever hit a huge growth curve but there was clearly some value in the technology that we were building. We had gotten to the point where we had to decide whether we could go out and raise a Series B (usually $10-30m) or look for exit opportunities. + +&#x200B; + +In 2015, we were lucky enough that some of the larger tech companies were starting to become interested in our niche so we were able to garner acquisition interest. There’s no way that we would’ve known this area would become hot years ago when we started the company. We entertained M&A conversations with a few interested parties and ended up getting more serious with one of them. This ended up being a several month process as you typically sign a LOI (letter of intent) and then go through due diligence. I cannot stress enough how important it is to keep good records. The acquiring company will want to look at the books, any contracts your company signed, interview all of your employees and audit your technology. Both sides will lawyer up to make sure all the details line-up. It helps to have good counsel (your general outside counsel will typically bring in specialty M&A counsel to shephard you through the process). + +&#x200B; + +During the due diligence process, you’ll iron out details like payout structure (e.g. stock vs. cash, earn-outs, preferred vs. common shareholders), indemnification (e.g. who pays for unforeseen liabilities) and which employees they’d like to bring over. You’ll typically get a payout for the equity in the company and then get offers to become an employee at the acquiring company. My total equity payout was $2.5m-3m spread across a few years. Having a $1m+ wire transfer hit your account when you’ve been making <$30k a year is unreal. + +&#x200B; + +Since the acquisition, I’ve stayed at the acquiring company on the engineering management side. When discussing tech worker compensation, it’s usually divided into three buckets: salary, stock and bonus. For individuals from acquired companies, you usually get subsequent payouts when you hit certain milestones (e.g. length of tenure at the new company or growing a certain metric). + +&#x200B; + +My total gross compensation in the intervening years was as follows: + +1. 2015: $1.1m +2. 2016: $700k +3. 2017: $850k +4. 2018: $900k (estimated) + +&#x200B; + +I don’t have any more start-up payouts coming in 2019, but my regular W2 employment will gross \~$500k/year. It’s grown quite a bit due to promotions and stock appreciation. I don’t think there’ll be any significant compensation growth moving forward as promotions are hard to come by at my level. + +&#x200B; + +Here’s a snapshot of my finances today: + +1. Age: 31 +2. Net Worth: $2.9m +3. Cash: $150k (will probably move this into other investments) +4. Taxable Liquid Investments: $1.9m (66% US equities, 7% US bonds, 27% international equities all in low cost index funds) +5. Non-Taxable Retirement Investments: $300k (similar allocation as above) +6. Home Value: $850k +7. Angel Investments: $150k +8. Home Mortgage: -$400k + +&#x200B; + +Outside of work, I’ve purchased a house and gotten married with a baby on the way. My spouse also works in tech and grosses \~$200k/year, with a net worth of \~$600-700k. So we’ve got a combined net worth of $3.5m. + +&#x200B; + +When you cross this threshold of net worth a lot of options open up. You’ll be making connections with lots of folks that offer non-traditional investments. For example, you can become a limited partner in a venture fund or be introduced to startups at low valuations before VCs have a chance to jack up the valuation. Regarding angel investments, I don’t recommend this as a way to make money since it’s so unpredictable. I do this more to pay it forward to the start-up ecosystem and will be very glad if I just tread water on my investments. + +&#x200B; + +You can also negotiate very favorable terms with banks. For example, you never have to pay any fees, you’ve got a banker on call anytime you run into an issue and they give you free stuff (e.g. free Amex Platinum and tickets to games). The best banking-related perk is having a pledged asset line (PAL) open, which allows you to borrow money against your investments at very low rates (think 3-month LIBOR +1.5%, so \~4% total). Having that type of liquidity helps you move money around exceptionally fast without having to liquidate any positions and take a tax hit. + +&#x200B; + +Since the acquisition, I’ve been maxing out every tax advantaged vehicle (e.g. Backdoor Roth, Mega Backdoor Roth w/ after-tax 401k and 401k). Our spending has increased quite dramatically in the past couple years. I’m guessing we spend $100-150k per year now due to lifestyle inflation. We eat out a lot more now, and pay for Ubers since we don’t want to wait for transit. When we travel, hostels are no longer an option so I’ll usually pick a nicer AirBnb. I also upgraded my car ($60k), which was 15 years old and had 250k miles on it, and remodeled the house ($100k). I think the remodel will recoup a decent amount of costs when we sell since it was in such poor condition when we bought it (e.g. cabinet drawers falling out, disgusting carpet, very dated look). + +&#x200B; + +Excluding my primary residence, we’ve got \~$3.1m in investments. So this gives us a 3% SWR of \~$90-100k. + +&#x200B; + +We could definitely RE with that amount after cutting down a bit on our spending. It’s great that we have the option to RE, but I don’t think either my spouse nor I would like to RE. However, I’ve been considering leaving the corporate gig and either starting another company or taking some time off. I feel a bit burned out after sprinting for the past seven years. The hours aren’t bad at the corporate job, but it’s a bit soul sucking and everything moves at an excruciatingly slow pace. + +&#x200B; + +Here are the options I’m considering: + +1. We both stay at existing corporate gigs (combined gross $700k) until we hit $5m in investment accounts. This will take another 5-6 years assuming zero stock market appreciation. Then I feel 100% comfortable with our current spending rate and can really RE and do option #2. +2. I leave my corporate gig and go do another business (whether startup or outside of tech entirely). This leaves our combined gross at $200k (spouse will stay at job) with some potential upside from another exit (unlikely) but may be more gratifying from a career perspective. I’d really like to try bootstrapping a company versus taking VC funding. I think taking VC funding forces you to scale prematurely and keeps you hooked on additional funding rounds versus sustainable revenue. +3. Take some time off and spend it with the baby in the early years then go back to option #1 or #2. + +&#x200B; + +Tech has been unbelievably cushy these past few years and I cannot see the gravy train continuing forever. Option #1 seems like the best route from a FIRE standpoint. I am curious what others would do in my position. + +&#x200B; + +I hope this post has been informative for folks that are interested in hearing more about a non-traditional and exceptionally lucky path to FIRE. I’d like to reiterate from a expected value perspective, I would not suggest this route. 99 times out of 100, you’ll be more financially successful staying at a corporate gig. However, looking back at my directionless 23-year old self, I don’t regret this decision one bit. The amount of personal, financial and career growth I’ve experienced in the past several years has been unparalleled and it’d be hard to replicate in a normal corporate setting. +Hi, + +So you may remember me from posts from five months ago such as this : + +https://www.reddit.com/r/UKPersonalFinance/comments/740wwi/misc_helping_my_boyfriend_out_of_debt/ + +Summary - Boyfriend of 2 years confessed to having a payday loan, and was £2k deep in overdraft with no savings. I loaned him money to clear the payday loan as the interest was so steep it was an endless cycle. + +Most of you advised that loaning him is a big no-no, and sparked an interesting debate about income disparity as at the time I earned a lot more than he did. However I was honestly fed up of him living "the student life" and always being out of money, so I paid off the debt on several conditions. + +Since then we've had further issues as a result of his poor admin skills, culminating in a large parking fine and 2 CCJs. His parents picked up the bill for the fine, but his credit rating is now equivalent to that of a toilet. + +However, this all proved a wake up call for him, he put the right pressure on the job he was waiting to start and began pretty much a week later. He was initially started on 3 x 12 hr shifts a week, but immediately increased this to 4 x 12 hr shifts, the best part of this is that he loves his job now. + +He has also completely given up smoking, vaping and "binge" drinking as he realized they were just eating up his money. (He had a tendency to go out, drink a lot of very nice whiskey etc). + +As of today he has completely paid me back, we started on £30 per month, upped it to £50 and then used his tax rebate (WHICH HE ARRANGED HIMSELF), to pay the remaining balance back today. This is alongside paying off a credit card he also had. + +He is now far more organized, and is dealing with any issues promptly. There are times he doesn't let me know about them as he wants to fix them on his own and doesn't want to worry me, but we're slowly moving out of that habit. + +We do have a few new guidelines around money in our relationship, that really seem to have benefitted us: +-Transparency with pay +-Talking over any major purchases (£50+ on one item) with the other first +-Luxury Spending - I've borrowed this from another redditor that earned a lot more than his wife. If either one of us wants to do something fancy, that isn't in the budget of the other. For example, visiting somewhere and then wanting lunch out, or getting an Uber home when public transport is still viable. Then whoever wants to do the fancy thing pays for it, entirely. This works on many levels, it helps who ever wants to the fancy thing to really consider the extra spend, and isn't forcing the other into a lifestyle they can't afford. + +-We did try paying bills proportionally, this did not work, and caused many arguments with a side of resentment. But if/when we rent by ourselves then I think we will try a "house account" for bills etc But due to his CCJs I'm prepared for a lot of this to be solely in my name. + +It's honestly been a very tough few months for our relationship, and I don't think we're on course for the smoothest ride, but it's getting better. A lot better! He is learning a lot of lessons that should have been taught by his parents, and recognizes and feels awful about the entire experience. + +Thanks for all of your help/advice and input reddit, really has been appreciated. + + + **♻️🚀Decentralized Community Investment Protocol ($DCIP)🚀♻️** + +&#x200B; + +The BEP20 network’s very first token featuring fully decentralized investing to token holders. + +Don’t bother falling for yet another token advertised as being the next DOGE, ELON or INU token. With DCIP’s unique offerings, DCIP is all your portfolio needs. + +&#x200B; + +**Links:** + +📲Official DCIP Telegram – [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +🌐Official DCIP Website - [https://dcip.finance](https://dcip.finance/) + +🕹 Official DCIP dApp - [https://app.dcip.finance](https://app.dcip.finance/) + +📄DCIP Litepaper - [https://dcip.finance/DCIP-Litepaper.pdf](https://dcip.finance/DCIP-Litepaper.pdf) + +📺Explained in 60 Seconds - [https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs) + +🔍DCIP Audit – [https://dcip.finance/Audit\_CTDSEC.pdf](https://dcip.finance/Audit_CTDSEC.pdf) + +💲Pancakeswap Listing - [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f) + +📈Financial Chart - [https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f](https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f) + +🗝DCIP LP Lock (10 years, $450,000) - [https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c](https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c) + +🦎Coingecko Link - [https://www.coingecko.com/en/coins/decentralized-community-investment-protocol](https://www.coingecko.com/en/coins/decentralized-community-investment-protocol) + +💹 Coinmarketcap [https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/](https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/) + +&#x200B; + +Let’s skip the small talk, DCIP is not built around any hype or meme. Unlike most of the BSC tokens, we have an actual long-term use-case: Decentralized investments. + +DCIP operates in a DAO-like way, meaning that the full day-to-day business is decided by the token holders. As long as the majority of the tokens holders agrees on a certain path or investment, that action will be executed + +&#x200B; + +**To summarize our use-case, this is what we offer:** + +1️⃣ First IaaS offering fully decentralized investment fund on the BEP20 BSC Network. + +🤵 Fully community-led decision making backed by a smart contract + +📈 Passive rewards based on the performance of the investments we make as a community + +💹 Rewards paid out (automatically) in BNB or BUSD + +🕹 Functional dApp for making proposals, keeping track of the investments and your balance + +&#x200B; + +Our first investment just went live, more investments are being executed in the coming days. Currently, our investments are limited to assets and tokens on the Binance smart chain network, we will continue to expand investment opportunities across all major chains, with the ultimate goal of investing in real-world assets. + +&#x200B; + +**Current possibilities for investments:** + +Investments in closed private and pre-sales of tokens + +Investing in established tokens + +Investment into pegged tokens (For example BTCB) + +Investment in NFT(s) on the BEP20 chain + +&#x200B; + +**Future investments:** + +🔀Cross chain investments in any supported chain + +🏛 Investment in Real-estate, Hotel (chains), Casino(s), Private-islands + +⌚️Investments in Watches, Art, Literally any appreciating investment asset + +&#x200B; + +Curious about more? Please check our latest dApp commercial: + +[https://www.youtube.com/watch?v=ifjDF7dv\_5M](https://www.youtube.com/watch?v=ifjDF7dv_5M) + +&#x200B; + +✅The team behind DCIP are: + +• Fully Doxxed + +• Audited + +&#x200B; + +**🔄 Tokenomics Information:** + +➡️ 10% Standard Tax + +• 3% Liquidity + +• 1% Marketing Wallet + +• 2% Community Investment Wallet + +• 2% Burned + +• 2% Redistributed to holders who wish to hold longer than a period of 24 hours. + +&#x200B; + +➡️🆘 7% Punishment Tax on swaps within a period of 24 hours: + +• 4% Community investment wallet. + +• 1% Burned + +• 2% Redistributed to holders who hold longer than a period of 24 hours. + +&#x200B; + +Any questions? Feel free to ask us in our telegram chat: [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +&#x200B; + +YouTube ([https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs)) + +DCIP | Decentralized Community Investment Protocol Explained + +What is DCIP? This video will explain DCIP (Decentralized Community Investment Protocol) in a nutshell. +Alright, so with all the shitcoins circulating right now, I've been looking for anything that stands out. WindSwap ($WINDY) is that coin. It's only a few days old with a market cap of just shy of $3.5 million, and around 20 million tokens in current supply. + +So why is this token special/undervalued? It's because it's not a shitcoin. The Devs have outlined a very real usecase for the token - a decentralised smart bridging exchange is the goal that the devs are working towards. + +The Tokenomics of the coin are also really interesting and unique, the first of their kind. There is a tax on transactions, which increases from 2.5% to 6.5% as more transactions take place, within a cycle of 2.5 million tokens transacted known as a 'rotation'. At the end of a rotation, 75% of the coins taxed are burned, with 25% being redistributed to holders. This increasing tax **pressures the coin's value to move upwards through a cycle,** and of course rewards holders against sellers. + +The cycle system will repeat until there are only 8.8 million tokens remaining, at which point the tax levy will be reduced to 0%. These cycles are happening QUICKLY - we're already down to 20 million from around 25 million original tokens, so get in as soon as you can! + +Some simple calculations prove why this token is so undervalued. Taking the market cap of the PancakeSwap token (the most similar token in terms of use case out there), and dividing through by the final token supply gives a **price PER TOKEN of $430**! Right now we're at ~$0.2!. Even taking a far more conservative marketcap of $100 million, a number that I am positive we will see in the coming weeks, gives a price per token of over **$10 per $WINDY token**. + +Some other things that make this a no-brainer investment include: + +* A fantastic and active dev and marketing team, who are paying for marketing and exposure out of their own pocket +* Liquidity proven locked by devs +* Active telegram and community +* Beta exchange being developed +* Token already passed audit with flying colours +* CMC and Coingecko listings coming +* Dev team AMA later today + +I genuinely cannot explain how undervalued this coin is, hopefully this Due Diligence helps though! + +Poocoin charts: https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +BSCScan: https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +Telegram: https://t.me/windswapmembers +This is a vent from a pro trader - am i the only person that thinks this is the worst rule/strategy/indicator ever? so many times i've seen a stock run on like crazy 50x+ daily volume 1 day very green and then the next couple days it gives away all gains on very low volume. + +Then social media starts saying "volume precedes price, selling on low volume". That doesn't really mean anything. If a stock went +50% on heavy volume then afterwards goes -50% on low volume, you still lose all gains and become a bagholder, really don't care if it's high or low volume when stock goes down you lose and are stuck +We say, "self custody - hardware wallets." It sounds so simple. Until you dive in. + +I was explaining to my parents that they should get a hardware wallet to purchase and self custody. I didn't want to just tell them exactly what to do, I wanted them to feel like they understood. So when they asked what to get, I started walking them through it. + +First, choose a wallet that is bip39 compatible. I got my first "are you serious?" look. But we got past that. They said, "ok, so if the wallet is industry standard, then if that wallet breaks and I get another one, I just enter those seed words and I'm fine?" + +Hmmm... not exactly. The new wallet will have to have the same derivation path, or you might not have access to the same addresses. So I told them to just buy the same wallet. They asked, what if that one goes out of business? Or if the government bans them and they can't get another HW. I said, just get a software wallet on your phone. + +But then, I started thinking, would that support bip39 with the same derivation path? + +I realized I need to do more research. And I've owned bitcoin for over a decade... + +My parents were not interested in researching, they just wanted to be done with the conversation. Everyone buys bitcoin at the price they deserve. Apparently my parents deserve a future price... + +The community really needs to come together and agree on some consistent rules (that will maintain backwards compatibility everywhere) that everyone can feel comfortable with. + +From a brief search, I don't even think the bitcoin core software would support importing a ledger or trezor backup mnemonic. + +Until the bitcoin ecosystem matures, bitcoin is great for techies and people willing to put in the effort to learn, but lazy speculators are going to continue to get wrecked on centralized exchanges and average people are going to continue to just read about it in the paper. + +Edit: while I was posting this, another user was commenting: + +https://www.reddit.com/r/Bitcoin/comments/ywqzyz/comment/iwkxrdk/ + +Confusion about compatibility of seeds between software wallets. Kind of reinforces my point. + +Edit2: While responding to another user, I noticed that BIP39, which most hardware wallets are basing their mnemonic deterministic keys on, has a status of "Proposed". + +https://github.com/bitcoin/bips + +Some other statuses are Rejected, Replaced, Withdrawn, Deferred, or Obsolete. Until the status of the BIP that your mnemonic key is based on is "Final", how confident can we really be that this will be supported long-term? If its going to be supported long-term, why isn't it marked "Final"?? +Let's look back at some memorable moments and interesting insights from last year. + +**Your top 10 posts:** + +* "[UPDATE - Found out tenant was laid off work](/r/realestateinvesting/comments/faj0ip/update_found_out_tenant_was_laid_off_work/)" by [u/LoopholeTravel](https://www.reddit.com/user/LoopholeTravel) +* "[I am a failed real estate investor. Here's what I learned.](/r/realestateinvesting/comments/hgdyom/i_am_a_failed_real_estate_investor_heres_what_i/)" by [u/somecats](https://www.reddit.com/user/somecats) +* "[Landlord Dump](/r/realestateinvesting/comments/fmradq/landlord_dump/)" by [u/LotsOfQuestions4ever](https://www.reddit.com/user/LotsOfQuestions4ever) +* "[Uncle Baxter's Real Estate Finance 101](/r/realestateinvesting/comments/gqofn1/uncle_baxters_real_estate_finance_101/)" by [u/BaxterTaxter](https://www.reddit.com/user/BaxterTaxter) +* "[The amount of liquid hatred I’m seeing on reddit towards landlords these days is staggering. It appears that to be a landlord these days is about the worst thing you can be. Unless you just put a big banner FREE RENT on your properties. Then you’re lauded as a hero.](/r/realestateinvesting/comments/fnt3ri/the_amount_of_liquid_hatred_im_seeing_on_reddit/)" by [u/che\_la\_74](https://www.reddit.com/user/che_la_74) +* "[How I turned $54k into $400K+ in 8 Months. Deal Analysis of my Mobile Home Park](/r/realestateinvesting/comments/hdas2h/how_i_turned_54k_into_400k_in_8_months_deal/)" by [u/LordAshon](https://www.reddit.com/user/LordAshon) +* "[Sellers are still crazy!](/r/realestateinvesting/comments/g7kqrj/sellers_are_still_crazy/)" by [u/LordAshon](https://www.reddit.com/user/LordAshon) +* "[The 4 Laws of Tenant Screening](/r/realestateinvesting/comments/i7t6ni/the_4_laws_of_tenant_screening/)" by [u/JanitorOPplznerf](https://www.reddit.com/user/JanitorOPplznerf) +* "[How to Choose a Good Property Manager](/r/realestateinvesting/comments/hgmiqp/how_to_choose_a_good_property_manager/)" by [u/JanitorOPplznerf](https://www.reddit.com/user/JanitorOPplznerf) +* "[I'm over with you Real Estate, calling it quits (for now)](/r/realestateinvesting/comments/gj408w/im_over_with_you_real_estate_calling_it_quits_for/)" by [u/CREativefinancing](https://www.reddit.com/user/CREativefinancing) +Through my eyes, real estate is a small business and I like the retirement plan associated with it- cashing out or hiring property management. + +I feel like for me- 5 years in and 5 units, the business is good, I enjoy it, but it’s moving as sloooow as molasses. + +Thankfully things are running smooth enough to where I’m not running around putting out fires, but that makes me feel like I could handle 2-3x as many units and probably be making full-time income from cashflow at that point. + +What do I need to do to make that happen? Is it just about being consistent for another 10-15 years? + +I'm honestly slightly scared and want to get a leg up so I know what the hell I'm doing. + +Edit: Thanks for your help guys. What I'm getting from this generally is: +- spending less than what you earn +- if I have to question whether I can afford something, then I probably can't +- being extra safe when using cash machines and my PIN +- and since I'm still a child, now might be a good time to explore YouTube as a side thing without having the pressure of relying on it. + +Again, I really appreciate it. Also to that one person who said not to smoke, don't worry. I have asthma already, I'm not gonna make life worse for myself. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1544310517006843910) .@The_DTCC How can #DTCC call itself a Self Regulating Organization when it can waive-off regulations at a whim? No collateral requirements here, no FTD penalties there. Can I still call myself sober and just waive the "no-alcohol" requirements for bachelor parties and weddings? +This post is the beginning of my taking Gary Gensler and the SEC seriously, if they want petitions, let us investigate how this process works, and create some serious petitions for them to consider. This investigation will entail several different fronts and I fully expect the APE community to do their share of the work. I know I am being presumptuous, but I am relying on the good will and intentions of this magnificent community. I am not looking for naysayers, if you don't believe this process is conducive, then don't participate. I understand everyone's hesitancy to participate in a rigged game, but this investigation/experiment is intended to discover the reality of the situation and answer the question: "Do we *really* have a voice?" as Gary Gensler suggested. I intend to carry out this investigation in multiple different phases and I intend for it to result in a real petition to the SEC at the very least. + +Not only that, I wish to strike fear into the hearts of the current gate keepers. I want them to know the full political might of the retail investing public is zeroed in on creating *OPEN* and *FAIR* markets. I want them to hear the full volume of all our voices in a manner which they can not discount, according to their rules, *before* the market collapses. This way I can sleep soundly during the next great depression, with my morals intact. The way I see it, we have an enormous opportunity here, let's not let it turn into *just* a "meme", but let us make history. - They asked for it. + +Using their rules and their game table *we* *will* *see* if Gary Gensler and the SEC are serious about protecting retail investors. + +Let's get dirty: + + +The first question I have is: What was Gary Gensler talking about regarding petitions during the conference call with "We the Investors"? I have found this link on the SEC website titled "Public Petitions for Rulemaking": https://www.sec.gov/rules/petitions.htm + +Ape Community Question 1: Is this what Gary Gensler was referring to? + +Ape Community Question 2: Are there any other avenues with different rules than the "Public Petitions for Rulemaking" to petition the SEC for *any* other type of change? + +Ape Community Question 3: Are there other financial regulatory agencies that are pertinent, which offer the ability to petition? + +--- + +Moving on to the first page of the "Public Petitions for Rulemaking" website: https://www.sec.gov/rules/petitions.htm + +The first sentence on this site needs to be discussed: "Any person may request that the Commission issue, amend or repeal a rule of general application." I am taking this to mean any living human being on this planet, U.S. citizen or not. + +Ape Community Question 4: Are there any restrictions on who is able to submit a valid petition? + +I am also very curious about the second part of this sentence, we can propose to amend, or repeal, a rule of *GENERAL APPLICATION*. I do not know what a "rule of general application" is. I have found the following SEC website titled "Rules of Practice": https://www.sec.gov/about/rulesofpractice + +Ape Community Question 5: Where are the rules of general application? + +Ape Community Question 6: Where are the other rules, that are not general application? + +Moving on within the first page of the "Public Petitions for Rulemaking" website: https://www.sec.gov/rules/petitions.htm + +"Petitions must contain the text or substance of any proposed rule or amendment or specify the rule or portion of a rule requested to be repealed. Persons submitting petitions must also include a statement of their interest and/or reasons for requesting Commission action." + +I believe the first sentence here is clear, but I am curious about the second one. + +Ape Community Question 7: What is an adequate statement of my interest? Simply that I am a retail investor concerned with market fairness? + +On that page, there is a list of all the petitions submitted, and I used the following petition to provide an example for me: 4-793 Rulemaking petition to amend Reg SHO. Submitted by: R. T. Leuchtkafer: https://www.sec.gov/rules/petitions/2022/petn4-793.pdf + +NOTE: Petition 4-793 is used as an example, I do not wish to discuss it's content, mearly its presentation. + +Within this petition, I was unable to locate a clearly defined segment which expressed R. T. Leuchtkafers' statement of interest, but they clearly outlined many different reasons for concern. + +--- +I am going to let these questions percolate, and collect the wisdom of this community. Your participation is VITAL. + +There are a lot more things to discuss, but I am going to try to do this in a methodical way. I will make future posts, once each topic is adequatelly discussed. + +EDIT: Formatting of Questions. +What does this have to do with you? Everything. If you are fortunate enough to make a or have made a ton of money in Bitcoin, you need to understand why so many lottery winners end up broke. They have little to no idea on how to manage money. + +Making a lot of money is not the same as managing a lot of money; People screaming about lambo's and how they want this and that, it's a stupid way to go about receiving the beautiful gift of bitcoin. + +Avoid liabilities, gain assets. + +If Bitcoin teaches you anything, be weary about spending tons of your money on things that can be replicated. Cars, clothes, tv's, computers. They won't make you happier. + +During this journey everybody should be learning on how to gain, and hold onto wealth. + +Edit: apparently the statistic isn't correct. Some news spewing it around. Credit to u/itsnotlupus for pointing it out (Also happy cake day). + +The point still stands though. +I hope bitcoin is here to stay, I have never been so happy about an investment, good lock to you brave investor out there. + +Thanks for the awards guys :) +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. +Disclaimer: I'm just some guy, not a financial advisor, not part of an ape conspiracy, not secretly planning on ruining the global financial system, I just like the stock. + +&#x200B; + +I've been chilling in this sub since the migration and the previous GoodMorningEveryone sub since the migration there but was fortunate enough to get in right as RemoveBuyButton-gate hit so I've been working on averaging down since the initial $380 odd buy in on the first hedgie dip sale event so my smooth brain may not cut the usual jib for a DD but here we go (I'll post it as speculation so it doesn't get smashed): + +&#x200B; + +One thing people tell me I'm good at is putting random things together to create a feasible narrative and just now (after my customary 3 home brew consumption) things have started coming together. + +&#x200B; + +Let's start with some facts that have been recently inserted into our brains. + +1. Old Yellen tells everyone there's going to be a billionaires tax on unrecognised gains. + +2. "Papa Elon" has a Twitter poll whether or not to sell shares for "billionaire tax purposes" + +3. The beautiful and inspirational RC tells us he's holding or hodling (fun fact: both are good) + +4. The OG Short-Troll MJBurry broadcasts to the world that "Papa Elon" actually doesn't need "cash money" because he borrows against his moneyprinter-go-brr TSLA share holdings + +5. The amazing apes on this sub do their researchy thing and realise that yes, actually, Mr Tesla doesn't need cash because there are means to get cash from shares without selling them... EVER. + +&#x200B; + +6. THIS IS WHERE IT COMES TOGETHER.... My brain says: wait a sec, isn't there an ♾pool for that? + +&#x200B; + +ELI5: The recent chain of events says the most beneficial action for each and every holder of GME is (not) surprisingly to NEVER SELL. + +All those who hold and continue to hodl when it rockets past the imaginable stratosphere (Been away for the past few months, what did I miss) and the price reaches unfathomable infinity can just borrow any cash they need against a single share until the system is "fixed" + +TLDR: There's actually no reason to sell. Just borrow against your single infinity share (not financial advice) + +Obligatory rockets and reminder to DRS your precious babies for the future. + +🚀🚀🚀🍻🍻🍻🚀🚀🚀🟣🟣🟣 Love you apes. +If any one could maybe suggest books or other material to get a good education on the market so I can gain knowledge to better myself at investing. + +I hate my job, I’m a single parent and I’ve decided instead of trading my time for money, I can be at home with my kid and making a great income (eventually). Thanks. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +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) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I mean, what people want to do with their money is their choice, so you can waste it on anything you fancy. Crypto is all about freedom after all. + +But this was originally a crypto sub and we used to talk about legitimate use cases and how crypto could change the world for the better. + +I could be wrong, but I get the sense that the majority of people here nowadays don't really care about crypto as an ecosystem. It's simply a mechanism for some sort of moonshot... + +The 'in it for the tech' vs. 'in it for the money' debate is as old as crypto itself. But in the past I'd say the groups had a natural crossover, or the latter at least was looking at long-term profits. Now I sense that most here aren't really interested in the tech at all, nor have any faith or belief in crypto's long-term future. + +No moral judgement here. But would you say you're actually a crypto believer, or just in it for the short term returns? +Good Morning Apes! + +With the ITM put contracts starting to fall off yesterday they may be about finished trying to drive the price down. I discussed how this was unsustainable and it is. They only have three days left this week to begin hedging next weeks exposure and so we should see some confirmation of the current bounce soon. I will be looking to confirm this on a cross of the EMA 250. If they don't begin hedging this week and continue to suppress the price then next weeks price action should be even more violent. + +[a cross to the upside of the EMA 250 would begin to confirm a trend reversal ](https://preview.redd.it/glaz3014mp581.png?width=1379&format=png&auto=webp&s=40a595a3ec24f9002c8a1e6b5ab4e27883a5dc8c) + +If their goal here was to tank the price to force options contracts to close and reduce their exposure next week, yelyah2's delta sensitivity model indicates that they were not highly successful. + +On another note, I will be ending updates early today as I have a funeral to attend this afternoon. + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +Edit 2 12:07 + +Finally that sweet sweet upside breakout GME now green on the day + +https://preview.redd.it/m585uz2mnq581.png?width=1428&format=png&auto=webp&s=bf445827ab50d87928c207cc3732e31907ce95e7 + +Edit 1 10:22 + +A drop down to that lower support and some chop to kill of the elation of that run into close from yesterday, looks like we are turning around a bit now on this last volume spike. + +https://preview.redd.it/x5000muy4q581.png?width=1418&format=png&auto=webp&s=70c19254156c3c08739b7484ed0654629bbf0bfd + +# Pre-Market Analysis + +Volume back in a more normal range this morning with only 12k volume traded so far. + +GME currently down .81% + +We have support to the downside at 143 and resistance to the upside at 150. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (50,000 borrowed this morning) + +Fidelity - 596,827 @ 0.75% + +[GME pre-market on the 1m](https://preview.redd.it/326v97obop581.png?width=1422&format=png&auto=webp&s=ae77dac01883c98ca942356ada6bcd3c6201288b) + +CV\_VWAP + +https://preview.redd.it/ay9wfe5kop581.png?width=2456&format=png&auto=webp&s=9dcb7fd3714d6b9b71aea6f9b57dc3004131363c + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +FUD (Fear Uncertainty Doubt) comes with every crypto coin no matter how perfect, decentralized, scalable, etc... + +So here's the major FUD for each of the top 10 cryptos for those who are new to the space or want to know more about why some have their doubts about these projects. Some of this FUD may not be "true" depending on how you view it but it nonetheless forms a major opinion on why there is FUD surrounding the project. In my opinion, it's important to be aware of it so you can form your own opinion for your investments and help spur discussion. + +&#x200B; + +1. **Bitcoin** \- Although the pioneer of blockchain technology, it is considered slow, expensive, and unscalable compared to many emerging coins over the past 10 years (LTC, BCH, XLM, NANO, etc..) It's also much easier for you (depending on the country you live in) to send money to a friend or spend your currency at a store with credit cards or apps like Venmo/PayPal. At this point, many question why use bitcoin when they can just use their own currency reflecting how many don't perceive or care about the importance of decentralization. Another major piece of FUD is which country controls most of the bitcoin as it seems China and USA have a dominant control over mining operations which makes many believe that there is nothing stopping one country from attacking the network. Bitcoin also has some other FUD like how it's not a physical asset like gold, whales manipulating the price, what happens if I lose my keys, etc... but many of those arguments can be applied to other crypto and blockchain technology so I won't focus on them here. Forgot to mention, but also energy costs related to mining. + +2. **Ethereum** \- It's no surprise that the major FUD against Ethereum is scalability. There are many platforms on the rise trying to take the spotlight from Ethereum and become a highly scalable and decentralized platform that provides cheap and fast fees for using its applications. Many believe the rise of ADA, DOT, and BNB are mainly because of Ethereum's scaling issues. There is alot riding on ethereum 2 to solve its scaling issues but still seems to be at least a year out before it transitions. Ethereum also has some FUD surrounding its distribution of coins and concerns of whales holding much of the supply but it seems to not have much of the focus right now. + +3. **Binance Coin** \- The main argument against BNB is that its primarily centralized and doesn't have value other than being used to reduce fees when trading on Binance. With one company controlling the tokenomics and its future, it goes against what many believe to be the core tenet of blockchain which is decentralization. + +4. **Tether** \- Although its a stablecoin, Tether has possibly the biggest FUD even when compared to bitcoin because of its lack of auditing and what many believe to be "fake" money propping up the price of bitcoin. If tether is ever found out to be artificially pumping Bitcoin with fake reserves, it would make the value of Bitcoin artificial and cause a large crash. + +5. **Polkadot** \- The rise of DOT so fast into the top 10 this year has made many question its value. DOT had a large token sale in the past couple of years before it's release on exchanges which helped drive its price but makes some fearful of how much early investors control the supply before retail could buy in. Seen as a competitor to Ethereum, DOT is attempting an ecosystem of applications but has yet to prove itself when compared to the number of developers and transactions on Ethereum. There are also concerns regarding DOT's allocation of funding to developers in that there is a large amount of funding being aggressively driven to developers to create apps. There is also some FUD regarding its creator and a fictional story involving a minor he made in the past but I'll let you google that. + +6. **Cardano** \- Another competitor to Ethereum is ADA which some believe to be a "ghostchain". With a long roadmap ahead and many items to deliver, Cardano doesn't have near the amount of transactions or applications compared to Ethereum but promises to be the 3rd generation of crypto platforms ahead of Ethereum. There are also concerns over how much the network is decentralized but that doesn't seem to be the main focus of FUD right now. Much like DOT, ADA is a wait and see. + +7. **XRP** \- Many consider XRP to be what blockchain shouldn't be about and that is working with banks and other payment providers to facilitate transactions. With its focus on becoming the choice of crypto for banks and an all in one payment solution, many see it as a zero sum game considering bitcoin's value is about P2P transactions and being decentralized and free of the third party involvement. Ripple has also come under fire recently after being sued by the SEC for misallocation of funding relating to not registering as a securities offering. + +8. **Litecoin** \- Seen as a clone of bitcoin with some minor changes to make it faster and cheaper, LTC's value seems to only be derived from bitcoin's value although that makes many question why they should invest in LTC when BTC exists. LTC's value also competes with other coins that are considered faster, cheaper, and more scalable. There is active development but some think it's small compared to other projects and some consider that the creater of the project, Charlie Lee, abandoned the project after selling his coins in 2017. + +9. **Chainlink** \- Seen as an important piece of the Ethereum ecosystem to connect applications and data because of oracles, the major FUD against the project seems to be control of its supply by whales. Many may also not understand why Chainlink needs a token and its inherent value, as oracles can be a confusing topic if you're not already a crypto developer. + +10. **Bitcoin Cash** \- This project has caused a lot of controversy as it was hard forked from bitcoin in 2017. It has attempted to solve bitcoin's scaling problem and become faster and cheaper but many believe it was done as a cash grab by the BCH developers to have a similar name to bitcoin and ride the hype of bitcoin. It also caused some other hard forks to occur like Bitcoin SV and Bitcoin Gold to cause even more confusion. +This post isn't going to be flashy because I obviously didn't get the lambo yet. + +But I live in Caracas, Venezuela, and I'm planning on escaping this country and thanks to bitcoin I was able to pay for my mom's passport and I got to fix my car which hopefully will sell well enough to make me able to buy them plane tickets + +I can't HODL yet, but bitcoin all the way + +Edit: Omg thank you all for the tipping??I'm so moved for your kindness...I don't know the reddit etiquette to address this kind of thing (Should I answer everyone individually?) But I'm sincerely grateful for it guys ily all +Both sites are notoriously bad, anti-bitcoin and will try to sell you bcash trash. + +bitcoin.org is a great start. + +Also, not your keys, not your bitcoin. + +And do your own research. + +Stay safe and welcome to the wonderful world of bitcoin. +Consider someone who inherited 10M at birth with no strings attached and knows it, and then this person goes on to never work a job, never create a side business, never found a charity, basically never make money. Instead they just live a meaningful life off of their SWR on their own terms, whatever that may be (e.g. family, travel, hobbies). + +After 45, their life may look the exact same as someone who 'earned' their FatFIRE by grinding 20-40. + +Do y'all think less of the lucky person? I know our society is constructed around the idea of work as inherently necessary, but my sense of the original FIRE ethic was that 'life is for living'. + +For example, the recent inheritance thread seemed to assume that you want your kid to learn 'the value of hard work'. But isn't the lesson of retiring early that all years are precious? I wouldn't want my child to be spoiled or wasteful, but why do we want to unquestioningly put them down the same path that led us to look for escape? + +Any thoughts appreciated! +I'm not sure why I'm posting this, just to get it off my chest I guess. I'm angry, I'm hurt, and I'm scared. + +Today my dog had taken his anti anxiety medicine and was sleeping on the couch when I decided to go for a cigarette. I thought he was asleep, so I didn't pay as much attention as I should have. He slipped out, I was foolish and an idiot. I'm going to pay for that. + +I went to get his leash, left the house to get him. A pickup was driving by at the moment, and my dog reacts to loud trucks by chasing them. The driver slowed, saw me coming, let my dog get in front of his truck, before he laid on the gas. My dog kept up for awhile, while I'm behind him running and calling out, while neighbors are screaming stop, only for the guy to continue gaining speed until he ran him down. Like a piece of garbage, for fun, he's ran over and the driver just kept going. I think that's what broke me the worst, what made my blood boil. I took that dog off the street, I gave him food when he was skin and bones and didn't trust people, when he was half feral from living in the woods I saw something in him. I saw a good and loving dog that just hadn't been shown kindness. All of the love and kindness I gave him, and for what? To be some sick fucks play toy? + +I carried him home, while his tongue is hanging out and his body is bent in an odd shape, he isn't moving and he's gasping for air. We got home, I covered him in my daughter's blankets and called my wife, letting her know what happened. I thought he was paralyzed, it was the weekend, and I had my rifle. I wasn't going to let him suffer for days waiting for a vet to open. Out of nowhere he shot off the ground, taking a step and collapsing. I took it as a good sign, and thanks to a friendly neighbor we got to the local vet. + +It's odd, but I guess I enjoy this part of the day and should focus on it. The vets wife was in pajamas when I knocked on her front door and told her what happened. She went with us to the clinic, gave him pain medicine and got him under a heat lamp. She was optimistic that he would make it, saying his vitals were strong and there was no sign of broken ribs or internal bleeding. He had lost a lot of blood, he obviously had a broken leg, and he was in shock. But he was alive, and he was fighting. She said she would keep him for the night, give him regular pain medicine, and keep him under the heat lamp. If he made it through tonight, they'll do x-rays and see where they go from there in the morning. I guess I should focus on the positive. + +I'm just...mad, and confused. I don't have the money to pay for this, it's Christmas and im barely above the poverty line. My daughter doesn't understand what happened, my wife needs me to be strong for her, and I'm just holding my shit together. I always was that guy who said "control your dog" and blamed the pet owner when the dog got out and bad things happened. I was proud that I didn't make those mistakes, I wasn't irresponsible. I guess the verse is true, Pride goeth before destruction, and an haughty spirit before a fall. + +Thank you for reading this, if anyone does. It felt good to get it into words. +Hi UKPersonalFinance, + +Today my partner received a debit card in the post which she didn't apply for. + +The debit card appears to be from Lloyds bank, includes her full name, and was sent to our current address. My partner has never banked with Lloyds before. + +The information which came in the post looks to legitimately have come from Lloyds, with the contact details on the letters (phone number, address and website) corresponding with those listed on Lloyds' own website. + +My partner rang Lloyds as soon as she opened the letter (using a number from their website), but this wasn't until 1945h this evening. The call handler was unsure how to proceed, and recommended ringing their fraud department first thing tomorrow (the fraud department's lines close at 1700h), which we will of course do. + +In the meanwhile, I'm wondering if there is anything else we should be doing? + +- We have checked the accounts she holds with other banks: no funds are unaccounted for, and there appears to be no suspicious activity on them. + +- We'll be getting a credit report from the three main agencies to check for any other suspicious activity. + +- As this presents as a case of identity fraud, should we be reporting this somewhere? [ActionFraud](https://www.actionfraud.police.uk/a-z-of-fraud/identity-fraud-and-identity-theft)? Or will the fraud department at Lloyds handle this? + +I've consulted [this](https://ico.org.uk/your-data-matters/identity-theft/) and [this page](https://www.actionfraud.police.uk/a-z-of-fraud/identity-fraud-and-identity-theft) for advice. + +PS. I understand the motivation for fraudsters to apply for _credit_ in the name of someone else, but I don't understand the motivation for fraudulently applying for a debit card in the name of someone else? +Hello UKPF. + +I’ve got a tremendous problem. My mother just died a couple days ago. Her estate has almost no liquid assets and her family and other child wants an extravagant funeral. The inheritance I’m set to receive once all of her assets are sold off is not massive, but will definitely aid in me getting my own house and investments in the future. Keep this in mind. + +I’m the executor, along with that other child. I’ve explained to my sibling that the estate is extremely cash poor, and none of her assets are easily sold quickly. + +For reference, she told me she wanted a cremation without a fanciful affair. To me, this means direct cremation/simple without a service, with a memorial held afterwards. I told the family this, and they say they’ve been told she wanted to buried in this dress, that dress, etc. Everyone got a different story, and my version is unprecedented in terms of family tradition. + +They want a full service, plot, large headstone, all done in a specific cemetery. + +My mother’s estate has significant debts on some cards, plus her mortgage. Upon looking into this funeral, it’s looking to cost around 10% of the total value of her estate, which is insanity. For reference, I am a student, so I have no money to put toward this, and it isn’t what she asked for anyway. A cremation would be about .5-1% of her estate. + +I’m not willing to take out a loan as it is extremely unwise. +I’m not willing to take equity from the house either. +I will not put my own money towards it. + +My current plan is to try and gather the disagreeing parties, and inform them of the financial impracticality of their plan. I will then offer them the option of paying for it themselves (without reimbursement, as it doesn’t respect her wishes) with a timeframe of 2 hours to summon the cash. If it can’t be done, I will have her cremated, using the cash that the estate has. I am willing to contact her church for them to hold a memorial service for everyone to attend (not using estates funds to pay fo this). + +I know for a fact that they will come at me as if I am Satan himself for what I believe to be a reasonable and logical approach to the situation at hand. + +Am I being unreasonable? +Currently, if I send 0.01 BTC or less, or if my client uses lots of its internal addresses to send coins, I pay this tiny fee. If I want to send 0.000001 BTC, I can't even do it. This is fine when a bitcoin is worth around $100/share, but what happens if they become much more valuabe? Most transactions will be in milli- and micro- bitcoins. How do we solve this? +Hi everyone, + + +I cant seem to find a solid explanation of how accumulation funds work in Vanguard. I know that gains from the fund is re-invested into the fund, that makes sense but what i dont understand is: + + +1.) In Vanguard how can i see what the gains are, and when they are re-invested into the fund? + +2.) What is the frequency of when these gains are materialised? + +3.) What is the criteria for 'income' in these funds? + +4.) Is it typically more profitable in the long term to go for accumulation? (it certainly makes sense in my head if you look at compounding. + +Thanks for your help in advance. +My Dad thinks he convinced me to sell all my coins a good while ago. Every time there's been a correction since he hears about it on the news and says something along the lines of "See? Now aren't you glad I told you to sell everything." Every time he's said this I've been up 2x from the last dip. Not gonna tell him, but its pretty sobering to think that this is the impression the average person gets of crypto when headlines are their only exposure. They think everything is crashing and burning all around us. +Hi folks, let's talk about [Dr. Marco Metzler's recent post on LinkedIn](https://www.linkedin.com/posts/dr-marco-metzler-403341163_last-opportunity-to-hedge-against-the-crash-activity-6873422325123969024-Tbup). + +I'm seeing some posts floating around expressing disappointment or anger directed towards Dr. Marco Metzler. Some feel betrayed because Metzler has been proactive about Evergrande, nodding at apes for being on to something, and subsequently telling people he bought puts + sold crypto/stocks. + +Whatever your view might be on what will happen, let's get this straight. Most people **do not throw all their money on one bet**. Especially those educated in finance, people will often take several different plays which conform towards one particular perspective, in this case, an impeding market crash. + +It is very normal for someone with his background to buy puts and sell risky assets in anticipation of some big crash. He is an individual investor with a unique history and perspective. Just because he doesn't share yours to the fullest degree doesn't mean he's a shill trying to distract you from Buy&Hold&DRS. + +Despite using the traditional methods for betting on these events, he said to go long GME/popcorn. That's misguided, more so than mischievous. People in his position have too many things going on that they can't take the time to read all the DD. Realizing why popcorn stock is a trap and Gamestop is the only true play requires someone to have delved into this topic deep enough to understand all the tricky nuances at play here. For you, that may seem trivial by now, but it really, really isn't for outsiders like himself. + +I have yet to read anything related to Dr. Marco Metzler that clearly indicates he's sus. Just give him a break, please. No one wins by starting some misguided witch hunt. Focus on the matter at hand: Buy&Hold&DRS. + +Personally, I'm mind-blown by the fact that some random finance dude with a real reputation to uphold is publicly confirming things we've been theorizing for months. Let's just take it as **confirmation bias**, not financial advice 👍. Keep on Buying&Holding&DRSing. +I’m curious if most people here have had to make the choice to walk away from un-vested equity to RE or change companies? + +I see it coming when I decide to pull the trigger and it is feeling super daunting, any thoughts or advice on how to think about it. I’m also open to maybe one more company change before RE and this is making that feel foolish, has anyone negotiated covering equity loss? +Right now, I'd say over half my net worth is in real estate and the plan is to keep going. I max out my TSP (government 401k) and two Roth IRAs for my wife and I as well. My primary goal has always been cashflow but I know that real estate is more ***exposed*** risk (and more hands on) than a traditional stocks/bond portfolio. At what point would you recommend stopping real estate investment and switching gears to something that is more conservative and less hands on? + +Or should I just stay the course until I reach my goals, by any means, then diversify asset classes from there? + +Currently 35% of reaching my goal of $20,000/month passive net income using just the real estate. If you count my government pension that I'll get in about 15 years, I'm at 52% of my goal. +My ability to pick stocks that drop 5% or more within a week of me opening a bullish position is nothing short of prophetic. While I am incapable of making a a profit on my options plays, I can assist this community by announcing my next money losing decision for everyone's benefit. Stay tuned in the near future for some "can't lose" option plays at my expense. +I’ve been at this tech company for 10 months or so. We are due to discuss pay rise as part of our yearly review which I performed remarkably well in. I’m hoping for 10% increase. I have provided an impact and have expert skills that the rest of the team is really weak in. + +Would it be difficult for me to negotiate a pay rise? Is 10% even realistic? That’s what I’ve got from previous company which was not really tech. It’s worth noting that my company has been fine during Covid. Infact they thrived from it. +Everyone’s hyped about the metaverse. There are skeptics too. But what I haven’t heard much of lately around here is speculation around what other things metaverses could do than being, essentially, FarmVille with real money, or a VR version of Second Life or Habbo Hotel where people obsessed with sentimental value keep up with the joneses by buying NFT clothes and stuff to wear around Fake New York because… they’re too poor or too shy to wear real fashion around real New York? + +Okay okay fine. There are many people like that and they really are that vain and we would all be happy to take their money by selling them glorified Fortnite skins for the equivalent of a US median annual salary in crypto. But that doesn’t sound like a product that’ll reach a market of millions or billions of people. It certainly has zero appeal to the average middle class, two career family that makes up the bulk of the millennial generation. It is objectively speaking a very niche luxury market for rich people who already spend a lot of time and money living in a digital world, playing MMOs or creating content on social media platforms. + +What are some lesser known use cases for metaverse technology that might be a little more practical and attractive for the majority of people? People who don’t like spending their hard earned money on online appearances? + +What’s up stonkers. + +Now, if you’ve been around here for a while you’ll be familiar with the Unusual Whales Twitter handle and you will be well versed in their controversy. If you are new, I’ll link something below that I wrote a while back with more details. + +The point is, we’ve chased this highly suspect player away a couple of times, but they keep returning. You’ve got to ask, why do they insist on being here? + +Now before you say ‘well, it could just be newer apes posting, unaware of Unusual Whales shady history’, I’d like to present something to you. + +Like a number of you, I spend *far* too much time here, bouncing between new posts and the daily chat. Today, I noticed two posts. The first one posted was this… + + +https://i.imgur.com/yYNw0Yb.jpg + +Yeah, it’s yucky Murdoch owned Sky news, but it has all the basic info. It does however, provide us with an interesting comparison, because shortly after, this was posted… + + +https://i.imgur.com/EExH3NL.jpg + + +Less info, and from a source widely disliked here, yet ultimately the same. + +Now look at the difference in upvotes after a couple of hours. It’s massive. Granted, there’s always something of the old ‘snowball effect’ on Reddit, but imo, one of those has clearly been given a helping hand. + + +That brings me back to the question *why?* Why do these people, this *company,* want to be a voice here? Obviously we are important, we hold the idiosyncratic risk stonk, but what’s *their* end game? Do they want to convince apes to sell early? Do they want to drive traffic to their website? And if so, what info do they want to peddle there? + +I don’t have the answer to these questions, but again, I don’t for a second believe that Unusual Whales are friends of the retail. This is a company that praised Vlad not long after he removed the buy button… (I’ll try to find a screenshot). + +Anyway, what you want to see here is your choice, but let’s not be naive - Reddit like all social media gets manipulated. So I beg you, if mods won’t ban UW posts, then please downvote them. + + +Peace. 🚀 🚀🚀 + + + +Here’s the link to more reasons - https://reddit.com/r/Superstonk/comments/skjx4z/unusual_whales_are_not_a_credible_source/ +I am getting close to my FIRE goal. As the time draws near me and my wife keep thinking maybe we shouldn't RE and just keep going a bit longer and adding extra exra extra funds into the pot. I say all those extras because we already have exceeded what we were originally planning for. But now I think we are scared that something could happen to knock us out of RE. + +Anyone have something happen that made you not retired early anymore? What was it and what did you do? +TL;DR: I found that my family and I have been “dreaming” much more because of GME. We talked A LOT about what we want to do with our tendies and after a few months it struck me: we’ve really not been “good” at dreaming and thinking big thoughts for a long, long time, huh? + +Have you noticed? At first, back in January / February, we had all the “wen lambo” posts and I’m sure many of you, like me, have been watching YouTube videos about expensive watches, awesome travel destinations, jewelry etc. + +It’s like we have been flexing our “dream muscles” and they have been really weak for many, many years (for me, decades) because we’ve been caught up in the rat race just trying to survive. + +And then, after thinking about BUYING all that stuff, many of us already realized, that it’s not all. Sure, we need to try “burning” off some fun money on cars etc. but I see from the posts since January, that many of us have been dreaming more and more, almost to the point of knowing that the dreams will not STAY dreams for long. + +And then it hit me - wow ….. it’s actually super sad, that we’re used to not dream that much. Not used to think “out loud” and put words on it. + +But also, it’s so “big” that we’ve had this part of our lives brought back. This is so much more than just the money. +https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html + +'Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954. + +“That might coincide in mid-to-late April with some abating of the extreme lockdown in Europe, and we should from there get something like a short-covering rally,” he said. + +“This is an unprecedented situation, this is worse than 2008, this is worse than 1987, this is the worst crisis to hit financial markets since the Great Depression.”' +My boyfriend is a grad student at a California state school. When he was accepted to the university, he submitted his FAFSA--even though it was after the priority deadline (the university recommends that you do it, even after that deadline). The deadline to submit is before most people find out if they're going to the school. He received the grant. We were really happy and he decided to definitely go to this school because the grant lifted a big chunk of financial burden. They transferred it into his bank account in August. Today, halfway through the semester he gets a call from the school saying that he applied for the grant after the priority deadline and the school technically doesn't have the money for it, so he has to pay it back. They make it seem like its his fault for applying for the grant late and like its reasonable for them to take the money away so late after making this mistake. He asked them to send the policy that states that its okay for them to do it, and what they sent doesn't support it at all, and basically says that this only happens if the student under-enrolls or withdraws from the program. My bf is a full-time student with an intent to graduate. Its obvious to me that this is the mistake of the financial aid office who gave him the money without checking if they have the funds and if he was a priority applicant. He followed all of the instructions exactly, and didn't break any agreements. What can we do now? Has this happened to anyone else? We've tried googling and can't find any results. Thanks! +Hey Reddit, + +I spent 28 years on Bay St, where I have been a debt and equity analyst, portfolio manager, and finally Director of Sprott Inc., and Chairman of Sprott Asset Management LP, Canada’s largest and most successful hedge fund company. +The investment industry is great when you’re a part of it. As a manager of my own fund I was paid well and received great hockey tickets. But the industry is not so great when you’re an individual investor. The fees are high, expert advice is structured to maximize commissions generated, and conflicts are everywhere. Individual investors exist to make everyone else money. + +In 2011 I left Sprott and that world behind to start [5iResearch.ca](http://5iresearch.ca/reddit), a truly conflict-free Canadian investment advice service (we don’t trade in Canadian markets, no one pays us commissions, and we don’t have to worry about offending companies). We produce easy-to-understand reports on Canadian companies, have answered over 15,000 member questions, and publish a model equity portfolio. I’m also the editor in chief of Canadian MoneySaver magazine. + +Ask me anything about the financial industry, investment questions, etc. + +Proof: https://twitter.com/5iresearchdotca/status/449529964996853760 + +** EDIT ** Thank you everyone. Signing out. It was fun. + + +**Dave Ramsey's Baby Steps:** + +1. Save $1,000 in emergency fund +2. Pay off all debts using snowball method +3. Save 3-6 months expenses to developed emergency fund +4. Invest 15% of income in retirement +5. Save for kids College fund +6. Pay off home early +7. Build wealth and give  + +**UK Baby Steps:** + +1. Save £1,000 in emergency fund +2. Pay off all debts using snowball method (mostly) +3. Save 3-6 months expenses in developed emergency fund +4. Save up for a house deposit +5. Put money into your pension +6. Save for children's University +7. Pay off mortgage early +8. Build wealth +9. Give + +Firstly, as you can see there are now 9 Baby Steps. New in at Step 4 is saving for a house deposit, and Dave's 7 'build wealth' and 'giving' has been separated as they are two different transactions and considerations. + + +**1. Save £1,000 in emergency fund** + +This is essentially the same, although not aligned with exchange rates as cost of living is a bit higher in the UK, so £1k is a fair assumption. You need this for a rainy day, car repair etc. Put in a savings account WITHOUT easy access like a debit card, to avoid temptation of spending it. + + +**2. Pay off all debts using snowball method (mostly)** + +This is the key part of all the steps. Clear your debts FIRST, then use increased cashflow to save/ invest in later steps. Lots of people in the UK try to be smart and do both - you will pay interest on your debt and interest on your borrowed investments, downward spiral.  + +The snowball method means attack the smallest debt first and the biggest last. This is NOT the most economical method but is the best personal method. Having quick wins and a sense of achievement will motivate you to continue and attack those bigger debts. + +You need to clear ALL your debt (apart from your house). The average household in the UK owes £15,400 mostly on credit cards. Pay off those cards, phone contracts, overdue utility bills and furniture on finance. Where you may not want to follow the snowball is payday lenders, I would deal with them before a 1-2% finance on a sofa.  + +It should go without saying, if you are paying off your debts... DON'T take out anymore. This is the most tough and brutal part of the Baby Steps, working overtime, no holidays and no takeaways. Money goes toward debt not frivolous spending. + +***Car Finance debt*** + +The biggest debt here will be car finance. Pay it off, you need to own your car outright otherwise car payments are a big hit on your monthly income.  + +If you've got an expensive car (we're too car proud in the UK!), go and swap it in. Vehicles gets you from A to B. Whether it costs £30k or £3k, it still gets you from A to B. You are locked into car finance, but if you go to a dealer and downgrade they will rearrange the finance, do the paperwork and the swap. Ideally you will come away with no debt or at least a substantially lower debt; avoid finance where you can.  + +You just have to laugh when you see a 20-something in a BMW. Rather have a large home, financial stability and a healthy pension pot. They have a depreciating asset and a big whole in their pocket, meaning they probably still live with their parents. It's all a facade, it's better to know you're financially secure on the inside than try and give that impression outside. + + +**3. Save 3-6 months expenses in developed emergency fund** + +Once your debt is paid off, much more of your monthly income can be saved. The best way to save is to setup a 'cash pathway' like this: + +* Have a current account your salary is paid into (a separate one for your partner). +* Then a standing order the day after, to send 10% of your net income into a joint saver.  +* Then the rest of your salary goes to a different (joint) current account, which pays bills, food and clothes. + +You MUST have at least 2 current accounts, the saver can be linked to one. When we get to later steps we'll be moving a lot more money including mortgage payments from the first (holding) account; get used to the idea you only have to spend what's in the second. You MUST transfer money to savings as soon as you get paid, a standing order no more than 2 days after. + +***How much to save?*** + +The average UK mortgage payment is £671 and monthly expenditure £2,302 = a whopping £2,973 per month. This may vary depending on where you live, how many children you have and how much you spend. Work out your own budget and come up with your own figure. + +Perhaps £600 mortgage + £600 spending = £1,200 x 6 months = £7,200 to save. This could be a life-saver if you lose your job out of the blue, giving 6 months to find a new job without changing your lifestyle OR going into debt. + + +**4. Save up for a house deposit** + +This is a new step for the UK version. Not sure why Dave doesn't have an extra Step in here, as he does mention on his show to save up for a house at this point.  + +Although Dave likes you to pay for cash for a house, because the average UK home is double the value (or half the size) of the US and rents are high too, we typically need to build up a deposit and take a mortgage out on a house. If you listen to Dave's show he does not favour, but is not opposed to this concept. The fact he has a Baby Step for paying off the home, it makes sense to recognise the front end of that. + +Do not overstretch. If you go for a slightly bigger house with payments you struggle with, it will be a longtime until you upgrade again. Get a manageable home you can overpay on where possible, and own outright much sooner than 25 years. The freed up capital will give you much more flexibility and ability to upgrade.  + +For example if you pay £600 on rent now, buy a house with £600 mortgage payments on a 25-year term. Simple! Aim for a 15% deposit as a minimum. The average UK house price is £226,798 so you need £34,000 for a deposit. If you can save £1,000 per month (as a couple) that's 3 years for this step alone. It may seem a long time, but do it say from graduation and starting a job (age 22) for 3 years (to age 25), you will be buying a property 5 years before the average first-time buyer (age 30). + + +**5. Put money into your pension** + +Ok, here's where it gets exciting. The first step you can do concurrently with another (Step 4).  + +Americans need to be told to do this because they have to arrange their own pension pots (e.g. 401k). Most of us are automatically opted in and it's taken from our payslip. Pension is paid from your gross income (before tax). If you pay 20% tax this means you effectively get 20% more than saving for your retirement by other means. Employers must contribute around 3%, so a 23% boost is even better; BUT you can't touch it until you retire - which actually is also good, that's what we need it for. + +Let's say you're an average first-time buyer aged 30, just put that deposit down for a house and can now focus more of your income into pension saving. You have 35 years work ahead of you to retirement age of 65. This 35 years is important, as the National Insurance contributions you've been taxed for on your payslip all this time, will give you £8,777 per year in State Pension. This also goes up with inflation, but if you're 30 now the age you can get it will rise to 68 and the government could push this up even more.  + +***Dave says 15% of gross pay for retirement, does this follow for the UK?*** + +The average UK salary is £29,009. You may start on less and finish on more, but that average means you pay £2,445 per year in National Insurance contributions or 8.42% of your gross pay. + +If you want the same lifestyle in retirement... the income is £29,009 but we only ever get £23,264 after tax, minus the £8,777 state pension, minus the £7,200pa mortgage payments we don't need to pay for anymore = £7,287 per year we need to fund through our own private pension. + +Saving £300pm for 35 years with 5% fund growth would give you a pot of £323,619. In 35 years time, this might only be worth the equivalent of £136,364. This gives you 18 years of withdrawing £7,200 but generating £4,000 a year through 4% interest should stretch it out until you die. This means £300pm is 12.4% of our gross pay. Added to the 8.42% NI contributions we actually need to contribute 20.82% of our gross salary towards our pension (more than the 15% Dave suggests). + +However, it depends on your pension. If you work for local government (LGPS scheme) for 35 years earning £29,009, your pension would be a whopping £20,720 annually (before state is added). To get this pension, you are required to contribute 6.5% of your gross salary + 8.42% NI = 14.92% total. In which case, Dave would be spot on with 15%; but it depends on your pension scheme, your current salary and your expected lifestyle. + + +**6. Save for children's University** + +The main change is we call it 'University' rather than 'College' education. The main difference is, here in the UK, you take out a loan and pay it back as a percentage of your salary. If you never earn a salary, you never pay it back. In that way it's not really a debt, see it more as a salary contribution scheme. + +If you have a bachelors degree at £9,250 tuition + £5,000 maintenance = £14,250 x 3 years = £42,750 student loan debt. This gains 6.3% interest a year. BUT, you are only obliged to repay 9% of your salary over £25,725. If you were to earn the £29,009 average per year this would be just £24.63 per month - we spend more on pizza! + +Over 30 years you would only pay back only £8,866 on a debt which has grown with interest to £250k. Why 30 years? The debt is written off then no matter how large, no matter how much has been repaid. + +On this basis, unless there are radical changes to the system, your children should take out the loans. Forgetting the £250k, £8,866 over 30 years is still far better than paying £42,750 up front. However, if your child becomes a doctor, lawyer etc. with a large salary the maths may not be so kind.  + +I estimate the crossover point to be a salary of about £41,558. So if you earn that amount every year for 30 years you will pay more in student loan repayments than the original loans. But medical doctors for example are more likely to have £70k student debt on graduation anyway. + +To summarise, your kids should take out the student loans. If they achieve a high salary, paying the debt off early can be a decision left to them - in 80% of cases it is not worthwhile.  + +***How much to save?*** + +Yes, we still need to save - tuition and rent is covered by the loans. Your children will need/want food, clothes, nights out, stationary, sports gear, trips, holidays. Allow up to £9k per year if you're feeling generous (you can class this as part of your 'giving' in Step 8). Obviously you only need to do this if you have children, but let's put away just £100 per month for their first 18 years. Even in a measly 2.5% account this grows to the £27k we need to cover the 3 years.  + +University is still an expensive exercise for you parents then. A lot of financial stress can be caused by the cost, families even telling their second child they had to wait until the first finished university until they could go. Save up as soon as they are born. And only send them to university if they are 99% certain on their career choice and the degree is ESSENTIAL to their career.  + +Don't dissuade them to go based on the cost to you though; this is their money. If they don't invest in their education it can become their house deposit instead. + + +**7. Pay off mortgage early** + +Ok we're paying into our pension and we're saving for our kids future. The next payment is our mortgage. This should also be done before the rest of your money drops into your 'spending account' for food, clothes, bills etc.  + +This one is relatively straight forward, paying off the capital more quickly means we accrue less interest. We pay less in total and pay it off quicker. Meaning we can get round to the next step of using our cash to build our wealth and get rich. + +As in Step 4, the average UK house price is £226,798 and you've put down the 15% deposit of £34,000. Your mortgage value is £192,798 and with 2% interest over 30 years you would pay... £713 per month, £256,596 in total and £63,798 in interest.  + +Prioritise and attack this like your debts in Step 2. Increasing your monthly payments by just over £100 to £820 per month your mortgage would end... 5 years early and have saved you £11,614 in interest.  + + +**8. Build Wealth** + +Now the clever bit, if you could keep paying that £820 for another 5 years (up to the 30 years you were expecting anyway) but into a fund returning a conservative 5% you would have £56,000 in cash. That could help you retire early or be invested into property to give you a better income. + +It's up to you how you do it - the overall concept is debts are gone and mortgage is paid, we now have a lot of disposable income to invest and save. It will grow really quickly this way as shown above. DO NOT try to build wealth and pay off your mortgage. Don't be tied into a mortgage and tied into paying into an ISA, now your cashflow is really tightly strung, and then woops the car needs an MOT repair! Woops now you need to borrow again! No!!!  + +Dave mentions his millionaire study, about 90% of 10,000 millionaires surveyed did not borrow their way to wealth. The borrowing bubble always bursts, especially with rental properties - your cashflow is still finely balanced but now you have more debts, more risk and more worries.  + +Please, follow the Steps in order - only 4, 5 and 6 should ever be done together, though in a perfect scenario 4 would be done first.  + + +**9. Give** + +Giving is important. You may want to give to your kids and be generous in the calculations in Step 6. As long as you are committed on the Steps feel free to use your spare cash giving to charity or buying from a cake sale. + +The most rewarding thing you can give is your time; feel good about helping out and making an impact. The quicker you can become financially stable through the steps the more time you can give. + + +***Summary of the UK Baby Steps conclusions with typical timescales:*** + + +**1. Save £1,000 in emergency fund.** *Takes most people 4 months to do this.* + +**2. Pay off all debts using snowball method (mostly).** *Depends on how much debt, £15k could take 2 years. Downgrade your car! Financial stability is always cooler than a BMW. Use snowball method (smallest debt first) unless you have Payday loans.* + +**3. Save 3-6 months expenses in developed emergency fund.** *About 1 year to save 6 months worth of expenses.* + +**4. Save up for a house deposit.** *Looking at 3 years to save a 15% deposit for a couple buying together.* + +**5. Put money into your pension.** *Work for 35 years for full state pension. From gross salary another 12.4% in own pension (employer may contribute toward this). Or on LGPS or similar, pay the obligatory 6.5% for 35 years.* + +**6. Save for children's University.** *£100 per month from birth until 18th birthday. Take out the student loans in 80% of cases. Think carefully about whether that degree/course is vital* + +**7. Pay off mortgage early.** *Pay mortgage before spending on anything else. Always overpay if possible, use an overpayment calculator to see savings. Quicker paid off means less interest and onto Step 8 sooner...*  + +**8. Build Wealth.** *Once debt-free INCLUDING your home, cash/wealth can really build up fast fast fast. Do this step AFTER step 7 always, even if you have to wait until your 50s. Spare cash?... overpay! Once built up enough can buy rental properties then, but don't borrow ever again.* + +**9. Give.** *Give what makes you feel good, especially your time, to worthwhile causes* +Please apes don't trust these tweets from iHorse (s3) and ortex. They were the ones who said the weekend after January spike that the SI has been lowered. "WEEKEND" u know - like market were closed. and now they're saying setups for a short squeeze imminent. + +Just one tweet that shorts have covered from these morons and paperhanded bitches will get triggered. Please help me spread this. I dont care if you copy or paste or make another post out of this JUST INFORM EVERYONE BEFORE ITS TOO LATE. + +edit: this is gaining traction and I'm doing what I can. If you guys watched Wes AMA, he specifically said short interest reporting is UTTER GARBAGE. haven't read HOC yet - eurpoor just had 4 hrs of sleep. So I don't know where these idiots(s3 and ortex) get their data when finra is UTTER GARBAGE. + +BE VIGILANT APES + \-WeWork CEO Neumann says the company hit $2.5 billion in annualized revenue and has plenty of cash. + +\-SoftBank recently reduced its recent WeWork funding to $2 billion from $16 billion. + +\-SoftBank has invested a total of $10 billion in WeWork. + +\-WeWork’s second quarter 2018 results indicated revenue of $421.6 million (double from a year ago) and net losses of $723 million. + +\-WeWork is still privately held at this time. + +&#x200B; + +Sources + +Reuters + +[https://www.reuters.com/article/us-wework-results/wework-revenue-and-losses-surge-in-first-release-of-results-idUSKBN1KU2KI](https://www.reuters.com/article/us-wework-results/wework-revenue-and-losses-surge-in-first-release-of-results-idUSKBN1KU2KI) + +CNBC + +[https://www.cnbc.com/2019/01/10/wework-ceo-says-company-hit-2point5-billion-in-annualized-revenue.html?te=1&nl=dealbook&emc=edit\_dk\_20190111](https://www.cnbc.com/2019/01/10/wework-ceo-says-company-hit-2point5-billion-in-annualized-revenue.html?te=1&nl=dealbook&emc=edit_dk_20190111) + +CNBC + +[https://www.cnbc.com/2019/01/08/wework-rebranding-as-the-we-company-softbank-invests-2-billion.html](https://www.cnbc.com/2019/01/08/wework-rebranding-as-the-we-company-softbank-invests-2-billion.html) +One of the main things I often see on here is the importance on your long term financial health of buying a home. I think many miss the boat with this though. + +I do get that rent is a sunk cost as it is not paying into equity, however I have seen far told many people rush into buying a home only to be deeper in debt because of it. + +Yes, a home inspection helps, but it won’t catch everything. My one friend bought and had a full inspection and within two years he needed roof work, needed to get a tree that was rotted out cut down, and the furnace went. + +Further down the line you can absorb these costs into a HELOC but early in you won’t have that equity to do so meaning these things will go on a credit care or come out of pocket. + +In the end, if you have the means to buy, do it, but just because you pay 1800 for rent and your mortgage will be 1500 don’t assume automatically it will be cheaper to own and NEVER assume an inspection means you are 100% in the clear. +**DISCLAMER**: None of this is financial advice. Or even advice. In fact, probably don’t even listen to me – I am pretty sure there isn’t a single wrinkle on my brain. + +# Introduction + +Last week I saw [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/)’s very interesting post about there being a pattern in the price and I thought one of the few things I know how to do (other than buying and HODLing) is to hack around with data in Python. I thought that if there is a pattern, we should be able to get a computer to confirm what [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) saw with her very astute eyes and possibly reveal some more. + +My objective from the outset was to validate what [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) saw, see if there are any other hidden patterns in GME’s chart, and if these patterns exist across the market at large or just GME. + +This shouldn’t be interpreted as DD or TA as I don’t really know much about markets and I am approaching this from a purely pattern-matching perspective. My hope is someone with a few wrinkles will see this and might find it useful for some actual DD. But don’t worry! I know we all like dates! So there will be a date at the end to get you hype. + +# Methodology + +To do this, I downloaded the last year of the stonk’s price data using the [yfinance](https://pypi.org/project/yfinance/) and played around with it in python. + +The basic idea is to: + +* cut the data up into chunks of length *n*, with a chunk for each day +* compare every chunk to every other chunk and give them a score for how similar they are +* collect the pairs of chunks that are most similar +* repeat with different chunk lengths to minimise any effect picking one at random might have +* look to see if any of the collected matching pairs have similar time gaps between them +* see which dates they belong to + +I tried to keep my methodology as similar to [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) and she spent a lot of her post trying to line up candles so I attempted to normalise each chunk by making the price at the first day 0 and divide all the values by the difference between the maximum value and minimum value in the chunk. The effect of this is that we should be looking only at relative change without something like the absolute price or the rate of price movement affecting it too much. I also used the maximum of the open and close price as the value for the day (i.e. the top of the candle) to be as similar as possible to [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/). + +As for how I chose a good match – I took the top 1.5% of all the matchups based on the root mean squared error between the two graphs. + +# Show me some pretty pictures + +Running this over a bunch of chunks (or window) lengths, we can plot a heat map showing where there are lots of matches for a given number of days between features: + +[Did I just spend all weekend making a matrix simulator?](https://preview.redd.it/96c6x5m0gra71.png?width=1500&format=png&auto=webp&s=8d20078b0f4457e288898fdf6ba55f1bfdb3a000) + +This graph is kinda pretty and shows where there are repeating patterns, but it doesn’t show us if any pattern is much more likely than the others. + +Taking the sum of each column and plotting this, we get a graph where the peaks are the most gaps between similar features. For GME, we see there is a really clear peak at 88 days. + +[88 is pretty close to 90 if you ask me.](https://preview.redd.it/pv5kyr42gra71.png?width=1800&format=png&auto=webp&s=e36f2e3a6989fefdf9a8faf105cb434a3bc0221b) + +We can then look at which dates contributed to the peak: + +[Looks like we are lining up with \/u\/PWNWTFBBQ](https://preview.redd.it/uoh65lf4gra71.png?width=1200&format=png&auto=webp&s=9c72cebb8fa7fab39856bf4121db01b328b1a270) + +This is where things get exciting! The two large peaks on the RHS correspond almost exactly to the dates (10th of March and 15th of June) put forward by [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/). The computer validates what she saw! + +I have highlighted the similar regions found by the computer here: + +[The colours don't mean anything, it was just a happy accident that green ended up on an increasing part and red on a decreasing part.](https://preview.redd.it/cwnd2196gra71.png?width=1800&format=png&auto=webp&s=b83fa173a7746a4677996a4d724b116f42bdf5db) + +But this is where things also get a little disappointing. I was hoping there would be other matches going back in time past March in the same pattern and we would see that [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/)’s observation was just the latest in a long line of manipulation. Instead, there is a pattern at a similar timeframe, but it is about 125 days before March 10th. There is a possibility that this is due to the Hedgies going for a nice long Christmas break before a final attempt to kill Gamestop, but like I said, I don’t do DD, I just make pretty lines on the screen. + +What I did find interesting though is the 46-day pattern seems to repeat itself pretty consistently: + +[Look at all the overlap!](https://preview.redd.it/thrkb218gra71.png?width=1200&format=png&auto=webp&s=1e677823c8b8a93f693815e606ad21c92e9d8242) + +[There is only about 10 days of overlap for each one, so I'm not convinced this is real.](https://preview.redd.it/ofnbwzw9gra71.png?width=1800&format=png&auto=webp&s=b1ef642208c99155ce82badb5a9ea096cbe04271) + +Does this relate to some T+x cycle? Is the 90ish day pattern actually two 46ish day cycles? I don’t know. I don’t even really know what T+x even means. I am only a small step up from crayon scribbles here people so dont expect magic. + +One nice thing about using a computer is we can see if these cycles are just GME or related to the market at large. + +So here are some pretty pictures for some other stonks and indices that I thought might be of interest and shows that the algorithm isnt related to the market as a whole. + +https://preview.redd.it/3ug8sjtsgra71.png?width=1800&format=png&auto=webp&s=9529c117375dcdf720a39cb14cc0448e0b4d3f4c + +https://preview.redd.it/9nrhab1ugra71.png?width=1800&format=png&auto=webp&s=845ebe084973490bc0b5e8929aa4b5188d04f2cd + +https://preview.redd.it/xhfi427vgra71.png?width=1800&format=png&auto=webp&s=d52c4540aed482990540b080d860d6ed03236d82 + +[My code did not handle the overlap well at all.](https://preview.redd.it/yvv7yt0wgra71.png?width=1800&format=png&auto=webp&s=db5882ef69dc6a5019c3598f513a99a66583eab7) + +https://preview.redd.it/4j79arw5hra71.png?width=1800&format=png&auto=webp&s=8d35d26631b10b1911adb040205f21b05d9d4175 + +https://preview.redd.it/a4ol2ok6hra71.png?width=1800&format=png&auto=webp&s=5768516d0feed28d0e30bc05a9b1f50f5f8c79e6 + +https://preview.redd.it/7jdzppq9hra71.png?width=1800&format=png&auto=webp&s=13275533930197d9591cb64af7382beccdc0808d + +https://preview.redd.it/pzisny2bhra71.png?width=1800&format=png&auto=webp&s=c7fea39d73a45a97690e1ed881564dda5c755dfd + +https://preview.redd.it/0eeqj1mkhra71.png?width=1800&format=png&auto=webp&s=5f9b325d5d7a21f874a42d2222c6de437c4159b9 + +https://preview.redd.it/vyqer63lhra71.png?width=1800&format=png&auto=webp&s=349b46b15060907cc28997573e6e98dcd48a333d + +&#x200B; + +https://preview.redd.it/cs6h9z5chra71.png?width=1800&format=png&auto=webp&s=ea501cdd3c411b6249a8a0fca871206d0bc32cef + +https://preview.redd.it/d5qve8tchra71.png?width=1800&format=png&auto=webp&s=e4cf6911ea726ec56c55467b9a2b2691f5dfcbca + +&#x200B; + +# Conclusion/TL;DR + +The computer confirms that [/u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) definitely saw a repeating pattern, but this pattern doesn’t extend further back in the past and doesn’t relate to other stonks or the market itself. + +Just give me a damn date + +Uhhh…I dunno. Let’s say 88 days after June 3rd so that will be August 30th. + +This took way longer than the few hours I thought it would take so I'm gonna take a little break from this project but I'll try and clean up my code and upload it for anyone that is interested in playing with it. + +EDIT: Now with added [git hub](https://anonymous.4open.science/r/GME_patterns-4370/) so you can see/play with code yourself. I have also uploaded a zip with a bunch of pre-processed tickers for your viewing pleasure. + +EDIT2: I realised I forgot to include some info important methodology info. + +Here is a 'window' of 25 days showing two random dates from GME: + +https://preview.redd.it/4yulcjb88sa71.png?width=375&format=png&auto=webp&s=3be83c9b6c4b74d1cf53ab7aab2fa50b55a3984c + +Notice that because of the absolute price difference they cant really be compared. So we have to normalise them: + +https://preview.redd.it/1ftrvbgd8sa71.png?width=390&format=png&auto=webp&s=d60433d786c39325206942e1f22e89ca5a382a34 + +Now they can be compared on their shape alone. They have also been trimmed slightly as one was one day shorter than the other (due to those annoying weekends where we have to be content with just HODLing and not buying). It is the difference between these graphs (measured as the mean of the squared difference) that 'rates' how similar they are. + +&#x200B; + +&#x200B; +I've always been in debt and I've pretty much been on my own financially since I was in high school. I currently have a strict budget that I typically follow and am nervous about having so much extra. Are there any saving tips you might offer? I want to pay off my debt and build a nest egg for the future but I feel like I need to strategize properly. +Thanks in advance for your insight! +My wife and I recently took jobs not eligible for health insurance though work. Combined income is 175k. We have four kids. Does anyone have any advice or suggestions on how to go about saving money on buying health insurance? Any combination of hsa and some other plan? +So I'm at the grocery store and I realized, I spent about 200 dollars on groceries for 2 people over 2 weeks. I used to be able to do it so much easier on about 50 dollars. I live in CO now. Everytime I have excess money, I always find some way to rationalize the extra spending. Any tips or advice on how I can stop my own worse enemy, Myself? +I just had my offer accepted on a home for 412k. My plan is to live in the home for 5 years. North DFW, young couple mid 20s with 300k joint gross income (190k net after maxing retirements & taxes). Which loan do you recommend I take? + +30 yr conventional 5% down (20.6k) at 3.0% interest with 3.291% apr ($99/mon pmi). + +15 yr conventional 5% down (20.6k) at 2.25% interest with 2.414% apr ($56/month pmi). + +Doing the math, if I elect to put 5% down then for a 30 yr loan I am paying an effective 4.78% interest on my first 61.8k and 3.0% interest on the remaining 329.6k loan. For 84 months I will be paying PMI until I reach 20% equity in which I will get the PMI withdrawn. + +For a 15 yr loan, I am paying an effective 3.34% interest on the first 61.8k then 2.25% interest on the remaining 329.6k loan. It will take me 32 months to hit 20% equity and remove my PMI. +I've always been in debt and I've pretty much been on my own financially since I was in high school. I currently have a strict budget that I typically follow and am nervous about having so much extra. Are there any saving tips you might offer? I want to pay off my debt and build a nest egg for the future but I feel like I need to strategize properly. +Thanks in advance for your insight! +**1) Freezer burned meat is perfectly safe to eat** + +I recently saw a commercial where I watched with horror as the actress took a steak out of the freezer, saw that it was freezer burned, and immediately threw it in the garbage. "Who does that?" I thought. + +Freezer burned meat is perfectly safe. Freezer burn is just moisture leaving the meat. It's basically freeze-drying. The texture is affected, and to a lesser extent the flavor, but that's no reason to chuck it! + +All you have to do is cook it in a manner that re-adds moisture. Soups and stews are your friend here, but really any dish where the meat is cooked in a sauce will do. My go-to for freezer burned beef is beer stew (beef, onion, salt, potato, carrot, turnip, a handful of dried barley and a bottle of beer). My go-to for pork is pulled pork (cooked slowly alt low temp with bbq sauce, vinegar and hot sauce, sometimes onion and peppers). My go-to for chicken is simply chicken cooked in the oven in BBQ sauce or red wine. + +**2) Expiration dates are just suggestions** + +Food doesn't magically go bad on it's expiration date. The expiration dates are just suggestions. They are also not federally mandated, they are put on by the manufacturer, and (usually) have no bearing to food safety. Most manufacturers will try to figure out a date when their product will possibly go stale, and that's the date they set. That doesn't make it unsafe to eat after that date, it just means that the taste and texture may not be perfect. + +Some food like cereals will almost never go bad unless they get wet. Anything in a can, box or bottle will never go bad until after it has been opened. I've eaten olives that were 2 years out of date. They were a bit softer/mushier than I would have liked, but they did not make me sick. + +So use your nose. If it smells off, don't eat it. If it's past its expiration date but still looks/smells good, go ahead and eat it. + +**3) Take care of your leftovers** + +Once a package is opened, or once a meal has been cooked, it's just a matter of time until it goes bad. You can take your leftovers into work for your lunch, but if it's been in the fridge for 3-4 days, it's time to freeze it. Freezing stops the decay process and, other than the afore mentioned freezer burn, you food will never go bad in a freezer. + +If you open a can of something (say, 2 year old olives) and only use half of it, don't put it in the fridge in the open can. Put it in a clean glass jar instead. With access to the air cut off it will last far longer in the fridge, and you'll be able to make those olives into Tapenade a couple of weeks later. A metal tin plus air plus an acetic liquid will quickly turn your food. But a glass jar with a lid cuts off 2 of those things. + +That's why I always have clean jars on hand. Not fancy mason jars, who can afford those? Just regular jars that came with, for example, my pasta sauce. Wash them out and re-use them. +Slightest sign of demand cooling? Let's see what we can do to drive it right back up. + +[https://www.smh.com.au/politics/nsw/new-hope-for-first-home-buyers-in-return-for-giving-state-some-equity-20220211-p59vso.html](https://www.smh.com.au/politics/nsw/new-hope-for-first-home-buyers-in-return-for-giving-state-some-equity-20220211-p59vso.html) + + +> First-home buyers will be able to use a contribution from the state government for their house deposit in return for handing over some equity in the property, in a novel strategy being devised to address Sydney’s affordability crisis. +> +> The final details of the policy are still being worked through, including whether there would be a cap on the amount the government would contribute, or the price of the property or land. +I just saw the post about paying your rent in advance to save money. Never do this. Here's my story. + +We rented an office for a company I owned. We were moving out of my apartment office to something that would accommodate more than two people. Everything was fine, so I decided to pay the lease in advance before the end of the tax season. I paid the rest of the one year lease, about five months. Soon as I did this our internet died. Our lease included high speed internet. Property owner refused to fix internet. After a month we had to move. I asked for a reimbursement for the advanced lease payment. They refused, even though they admitted to breaking the leasing agreement. I had to get a lawyer and sue them. Luckily, they settled out of court and we got the money back, but it still cost me one hell of a headache and lawyer fees. The lawyer told me never ever do that again. Lesson learned. + +EDIT: I just wanted to add that you should never trust a lessor, ever. Whether they are family, friend or respected member of your community. That's why you have a lease to protect you. They could be good people and suddenly put in a bad situation. For instance, you pay 6 mos of your lease upfront. The plumbing breaks. Lessor is out of money and can't repair. You have to move. Guess who gets screwed out of 6 mos advanced rent? + +TL:DR Never trust the your property owner. If you pay the lease upfront you give up leverage. +Using a throwaway account. + +I'm posting this out of concern for my parents' finances because my dad has purchased $25,000.00 of Nvidia after watching the news about how well the Nvidia stock will supposedly do in the next year. + +I'm far from an expert in stocks and investing in general so I'm turning to those more experienced to see how I can salvage this situation. To me, buying $25,000.00 of any stock seems financially unwise. I've always heard that it's better to diversify in order to reduce risk and buying $25,000.00 of stock for someone who has no idea what they're doing sounds like it could end in financial ruin. + +Background: This is in the United States. My (28) dad (mid-60s) immigrated to the U.S. in his 30s and has been working in various small businesses. He owns a dry cleaning business with my mom. The business hasn't been doing well in the past 5-7 years due to the age demographic of the surrounding area leaning towards retirement age. Not many retired people are getting their clothes dry cleaned (or laundered) in this area. The pandemic has hit especially hard, as with all small businesses. + +My dad thought it would be a good idea to take the $25,000.00 loan from the SBA and invest it in a promising stock due to the dip in price. He is using Fidelity. + +What should I be researching or know about so that we can avoid any possible pitfalls? He is still learning about how investment works as this is his first time in investing. I'm worried he's in over his head and will lose a devastating amount of money. + +Edit: Thank you for your helpful comments. I explained the gravity of the situation to my dad. I'll call him again tonight to explain that he needs to sell everything tomorrow when the markets open, loss or not. +So u/Alby558 posted about his uranium thesis 105 days ago. As of today CCJ and URA the main tickers they were talking about and are up 50% in 90 days. I thought I give him an appreciation post for the advice. +I was actually planning on holding onto it for a crash (to get stuff on sale) but ended up just throwing it in a bunch of Vanguard mutual funds because i figured i'd been holding onto cash for too long and I'd get more growth in the long run. + +And then the tank happened. I know it will go back up. but I can't help but feel like it was such shitty luck that it will affect my portfolio long term. I am NOT planning on selling. It's just that my bad timing is getting to me. + + +Just market jitters or truth? + + +* **Bank of America’s customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volume in September and the first half of October than a year earlier, CEO Brian Moynihan said.** +* **Customers’ account balances remain higher than before the coronavirus pandemic struck in early 2020, Moynihan said, indicating that they were in a good position to continue spending.** +* **Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, indicating that so far, customers have had little difficulty keeping up with their debt.** + + + +Consumers are financially resilient, despite high inflation and concerns the U.S. is nearing a recession, according to [Bank of America](https://www.cnbc.com/quotes/BAC/) CEO [Brian Moynihan](https://www.cnbc.com/brian-moynihan/). + +"Analysts might wonder whether the talk of inflation, recession and other factors could \[result\] in a slower spending growth," Moynihan said Monday during a conference call to discuss [third-quarter results](https://www.cnbc.com/2022/10/17/bank-of-america-bac-q3-2022-earnings.html) that topped analysts' expectations. "We just don't see \[that\] here at Bank of America." + +The bank's customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volumes in September and the first half of October than a year earlier, Moynihan said. While price inflation accounts for some of that, the number of transactions also rose 6%, he said. + +Customers’ account balances remain higher than before [the coronavirus pandemic](https://www.cnbc.com/coronavirus/) struck in early 2020, Moynihan said, indicating they were in a good position to continue spending. That is especially true for those who had the smallest balances, which were about five times higher than before the pandemic, according to a Bank of America [chart](https://d1io3yog0oux5.cloudfront.net/_b81b10e3b00ca2879952e619db1e9a62/bankofamerica/db/806/9760/presentation/The+Presentation+Materials+3Q22.pdf). + +Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, Moynihan said, indicating that so far, customers had little difficulty keeping up with their debt. + +“We’re just now seeing \[a\] gradual move off these lows in early stage delinquencies; late-stage delinquencies are still 40% below pre-pandemic,” Moynihan said. +BeachBody is going public combined with MYX Fitness (PTON competitor) and OpenFit, under ticker symbol $BODY (currently F R X). Shaq, Lebron, and Arnold are all shareholders. Sounds meme-y, I know. The financials are solid here. + +**Quick Financial Overview:** 1.1B (est) revenue for 2021, 68% gross margins on that rev (which is better than NFLX, DIS, PTON, etc). Digital subscriptions have 89% margins. 43% YoY revenue increase for Q1. Added literally a million subscribers YoY. 400M free cash on the books upon merger w/ no debt. Also expanding to 10+ countries in the future. Growth company imo. Connected at home fitness will disrupt the gym industry, again imo. + +**PTON Comparison** + +A simple google search will show that MYX has the cheapest bike among competitors. Cheaper is obviously not always better, as a lot of times quality will suffer. I'm thinking about this like a caveman in that I believe people who want to be involved in this type of fitness will first look for the cheapest option. I mean who gets more foot traffic, Walmart or Whole Foods? I have seen mostly good reviews and comments on social media about MYX bikes. The most negativity I've seen were complaints about shipping times, but also that customer service has been very responsive about this issue. I will say PTON has a cult following, and the affluent type will probably not settle for less. Here are some price comparisons of starting prices among connected fitness bikes. + +NordicTrak - $2k + +Proform - $1.5k + +SoulCycle - $2.5k + +Peloton - $1.8k + +MYX - $1.3k + +**Future of At-Home Connected Fitness** + +Why would people continue to workout from home after the pandemic is completely over? This is a valid question, but I fully believe people will continue to do so. A study conducted by Wakefield Research in July 2020 concluded that 87% (of 1000 participants) who plan to return to the gym say they will continue to work out at home at least some of the time. Links to those are [here](https://www.businesswire.com/news/home/20200817005351/en/The-Future-of-Fitness-Americans-Embrace-a-Hybrid-of-Home-Exercise-and-Gym-Workouts) and [here](https://www.beachbodyondemand.com/blog/home-workouts-future-of-fitness). A survey of 3500 American by *The New Consumer* and Coefficient Capital found that 76% of people have tried working out at home during the pandemic—and crucially, 66% prefer it. Among millennials, the number is even higher: 82% made the switch and 81% like it more. Link to article [here](https://www.fastcompany.com/90587575/gyms-arent-coming-back-heres-how-youll-work-out-in-the-future). + +**Tech in Fitness** + +Anytime you throw tech into an industry or sector, it instantly becomes more attractive. This is exactly what BB, MYX, and OpenFit are doing. 2020 saw a serious surge of fitness apps being downloaded. OpenFit has good ratings on the app store, 4.9 stars from 15k reviews. (App is also backed by Arnold and Lebron) People like the idea of being connected in their workouts, giving them the ability to compete with friends and strangers alike. There is a YouTube account called Garage Gym Reviews, this guy makes a living reviewing equipment and how that equipment will fit in your garage gym. He recently reviewed Tonal, and spoke on how tech connected fitness will be a huge market going forward. Some people will obviously not be able to afford to build a garage gym, or $3k Tonal, or an expensive exercise bike. This is where a $99/year BB subscription could come in. + +**2021 Q1 Financials** + +Total Revenue: $243M - 43% increase YoY + +Total Subscriptions: 3.2M - 39% increase (record high) + +(Not an actual earnings report, assumed to be released after merger) + +**Future Plans & News** + +Here’s where they’re really making moves. Carl Daikeler (CEO of BB) and BeachBody has been operating on free cash flow and has been profitable for 20 years. Upon this deal closing, they’ll have what they referred to as a “war chest” of $400M free cash (with no debt) on the books for M&A, marketing, and expansion. + +**International Expansion** + +The team has recently stated plans of expanding to 10 countries in the near future. + +**BeachBody on Demand Interactive (BODi)** + +BeachBody, historically known for their workout DVD’s and many famous programs (P90x, Insanity, 21 Day Fix, etc), successfully made the transition to streaming On Demand. They are taking it a step further with the addition of BODi, live virtual classes. This additional feature is priced at $20/month on top of BOD which is currently $99/year. (Remember 89% margins on digital subscription revenue). Link to that article [here. ](https://tbc-cms-prod-assets.s3.us-west-2.amazonaws.com/tbc-cms/wp-content/uploads/2021/05/19060123/BODi-Press-Release.pdf) + +**OpenFit PartnerShips** + +OpenFit (backed by Lebron & Arnold) recently announced a partnership with Concierge Health, a technology platform that provides health engagement solutions to reduce healthcare costs. Concierge Health has a user base of 150M People, which will now have access to OpenFit and receive credit for completing workouts through the app. (Again, 89% margins) Link to that article [here. ](https://www.businesswire.com/news/home/20210609005208/en/Openfit-and-Concierge-Health-Announce-At-Home-Exercise-Incentives) + +OpenFit also has a partnership with LA Fitness, giving all of their gym members access to the app for $5/month. Link [here.](https://www.prnewswire.com/news-releases/fitness-international-to-provide-its-members-with-openfit-the-all-in-one-digital-fitness-nutrition-and-wellness-platform-301277399.html) + +**Meme Potential** + +Hate me or love me for this aspect + +* $BODY ticker (hard to ignore) [This](https://www.cnbc.com/2019/10/01/stock-picking-buying-a-winner-is-easy-just-find-a-cool-ticker-symbol.html) article details a study that concluded that companies with cool tickers tend to outperform the market better than companies without. Or something like that. +* Comparison to PTON +* Arnold, Lebron, and Shaq are all confirmed shareholders. Collectively, they have 128.7M followers on IG alone. You can imagine what will happen if they start being vocal with their involvement in the company. +* [Here ](https://vimeo.com/561655635)is a message from Shaq to shareholders, hilariously scripted but hey it’s Shaq +* Kevin Mayer and Tom Staggs, both former Disney execs, will be staying on the BeachBody team to help with future growth, post-merge. Kevin Mayer played a large role in the success of Disney+, also former TikTok CEO + +I assume that once the merger is complete, these three will be able to participate in PR and marketing for the company. The team has stated that there are certain SEC rules against this until the transaction is complete. + +**Bear Case - MLM** + +BeachBody has been accused of being a Multi-Level Marketing Scheme. While it is true that BB coaches are incentivized to bring on other coaches and sell Shakeology, it is not mandatory. In fact, employees and coaches are not allowed to have products on hand (shakeology) which is typical of a true MLM. Because of this, it’s a non-issue to me. I don’t find this company to be unethical, as they have truly helped people to change their lives in a positive way. Plus, I’m a believer in personal responsibility. As stated previously, coaches CANNOT have product on hand, and become coaches on their own free will. You can become a coach and never sell a single product or bring on another coach. No gun-to-the-head style sales tactics. If anything, it’s more closely related to affiliate marketing. + +Have some of the coaches used unethical tactics to make sales? I'm sure they have. Happens in business. They've also helped millions of people get into shape and be more healthy. By utilitarian ethic standards, I believe they are ethical. You should do your own research and come up with your own conclusion. + +**Final Thoughts** + +All in all, this is a financially solid company with plans for growth and expansion (in an industry that is expected to have a CAGR of 33% by 2027, $59B) which happens to have a few meme-like qualities. + +**TLDR;** Cheapest bike, home workouts here to stay, tech good, Shaq, meme + +Not a financial advisor, not financial advice + +Positions: 259 $20C Feb, 33 $17.5C Feb + +Edit: Link to the latest investor presentation [here.](https://static1.squarespace.com/static/5f75fdc89cf35e7524ec4b54/t/60c0a9adab80500e09580179/1623239095086/The+Beachbody+Company_Investor+Presentation_June+2021.pdf) + +Link to MeetKevin interviewing leadership [here.](https://www.youtube.com/watch?v=grBMbs0RpmE) + +Link to Benzinga interview with BeachBody CEO [here.](https://www.youtube.com/watch?v=Dae5_d3ciOM) + +&#x200B; +**Good Morning Everyone** + +It is widely accepted that GME price action moves in cycles. There are many posts that try to unwind these cycles to forecast price action. Here is my personal take on this theme. + +below is my tinfoil cycle theory overlaid with tweets from RC at what I believe to be key points in the cycles. I originally posted this to my personal profile 21 days ago which you can see here: [https://www.reddit.com/user/djsneak666/comments/umgg94/twitchart/](https://www.reddit.com/user/djsneak666/comments/umgg94/twitchart/?utm_source=share&utm_medium=web2x&context=3) . + +This theory is entirely based on RC twitter posts, I have very limited knowledge on market mechanics and options trading / settlement cycles etc so I have not considered these factors in my mapping. + +&#x200B; + +**This theory is based on the following:** + +RC backwards wee wee tweet is a reference to ikes wee wee, a southpark episode first aired may 20th 1998. This tweet was written backwards as in to say look back. May 20th 2021 is therefore the first reference point. [https://southpark.fandom.com/wiki/Ike%27s\_Wee\_Wee](https://southpark.fandom.com/wiki/Ike%27s_Wee_Wee) + +We then have the wikipedia 69 tweet, telling us "dont waste money i can teach you for free". I believe 69 is in reference to the length of a cycle (T+69). so we will use T+69 as a second reference point. + +&#x200B; + +https://preview.redd.it/uco6bx30yr291.png?width=2725&format=png&auto=webp&s=2e5b8058571e49ba902bf50fa81a007f32143d96 + +***The yellow lines represent the t+69 periods.*** + +***The red line is 35 days after cycle start and represents the cycle midpoint.*** + +***The blue line represents 7 trading days prior to the midpoint.*** + +&#x200B; + +**What can we take from this:** + +A run up has commenced 7 days prior to the midpoint of a cycle 4 out of 7 times. Since the May 20th 2021 reference point, it is 3 out of 4. + +Since may 20th reference point, the only cycle where a run up did not commence 7 days prior to the midpoint, was in january 2022. 2 days prior to the expected run, MSM "leaked" the launch of the NFT marketplace and GME ran to 160 from 120 after hours. I believe this was an intentional fake out. + +Next run up should commence 31st May to 9th June. Shareholders meeting was moved forward this year missing the golden opportunity to hold it 6/9. it now sits right in between the next predicted run up. + +**Interesting points from RC tweets.** + +RC tweets around the start of every cycle. He also tweets around the start of the 7 days prior and end of midpoint. + +RC bought in 22 march 2022 which was the predicted start of the last run up. He also tweeted he puts his money where his mouth is the same day. + +&#x200B; + +**Additional insights** + +It picked up the jan spike correctly + +The march period RC possibly knew it would dump and posted toilet gif + +May 21 RC thought it would run and it didnt, he then tweets googly eyes gif at start of next cycle with disguise emoji, possibly to say I know you disguised that period. + +August cycle runs as expected + +November runs as expected, RC tweets MGGA day before run + +Jan cycle does not hit, RC tweets poop emoji two days before, again knowing it wont run + +March cycle does run and RC buys in 100k shares on day of expected run, tweets I was born to work at end of 7 day period, is this saying i knew it would work? + +May 6th tweets about wee wee this time forwards to indicate current cycle in effect , look ahead. + +&#x200B; + +**UPDATE MAY 31st** + +RC has been very active on twitter during the period of the cycle since I first made this chart (may 6th). + +I have intentionally excluded the market/macro economic tweets as I believe these serve a different purpose. + +Today marks the day where the cycle begins a price discovery period. Yesterday I posted that we would get an RC tweet today: [https://www.reddit.com/r/Superstonk/comments/v0szaa/comment/iaiimzl/](https://www.reddit.com/r/Superstonk/comments/v0szaa/comment/iaiimzl/?utm_source=share&utm_medium=web2x&context=3), and we have seen this morning another work related tweet from RC. + +We saw some price action last week and I did question whether perhaps the cycles was off. However, if you look at 22nd March which was the last period where price action was indicated, we did actually see some minor price movement a few days prior from a low of 77.58 to a high off 99. The run period began and we opened at 99 to close at 123, eventually hitting 199 a few days later. Therefore I do not think that lasts weeks action rules out the indicated run this week. + +There is a lot going on this week; Only 4 trading days, Earnings (moved forward a week), Shareholders meeting, Potential IOS app / Marketplace release, borrow rate high and availability low. Hedgies r fuk. + +&#x200B; + +https://preview.redd.it/ehera5dtxr291.png?width=2742&format=png&auto=webp&s=f9789bc23c19c91bc28d6746e2410525bd5ac58b + +In summary, I am expecting to see big volume and highly volatile price action over the next few days. If we don't I'm not eating any mayo so don't ask. + +Buckle up. +Have seen a ton of questions and requests on HFT algos from retail traders regarding. +Correct me if I am wrong, in general true hft algos, each trade make few cents per trade and each trade is only of small volume and due to immense amount of trades these the profits run extremely high. +Now this is only possible if the trade fees for HFT firms has special rebates and trade fees discounts for being able to provide such huge volumes and liquidity. + +Now as a retail trader, does spending time on HFT algos even makes sense, when having to pay percent based commissions/or flat dollars level fees? + +Note : This obviously doesn't scalping. + + +I started selling puts this week using some of the recommended guidelines i’ve read from this subreddit. Basically 30-40 DTE around .2-.3 delta with a ROI close to 10-15% and also sold some covered calls on a solar stock I own. + +The premiums on this solar stock are juicy, and I’d like to sell another put because i’d be fine owning more. How much is too much? I don’t want to have too many positions to handle but also don’t really see any cons to selling puts and calls if it’s stock I like. Probably 5/6 puts i’ve sold expire in 30-40 days. + +Is it recommended to have less tickers and a mix of shorter to longer DTE sold options? I’m okay with more risk but want to do it right and not reckless. Feedback is greatly appreciated. + +Happy to be a part of Theta Gang! +**EDIT**: +Thanks to all commentators. This strategy will leave you broke and no one should try it. Reason is IV crush which will make OTM long call completely worthless and/or illiquid so you wont be able to use it to cover for losses generated by ITM short call. Best outcome is to open it for a credit and then pray that stock goes below short call strike, but then there are better strategies to bet on a stock being below certain price. + + +**Original post:** + + +I was playing with options strategy and came across this graph. I know there is no such thing as a free money, but it is getting pretty close to it: + +&#x200B; + +[IV 600&#37;](https://preview.redd.it/tdkihlmf09371.png?width=1200&format=png&auto=webp&s=39cc7f59d62bf461f2e04d7bba8cce047e531655) + +[IV 330&#37;](https://preview.redd.it/2tr0o2yo09371.png?width=1200&format=png&auto=webp&s=2707e406de329b323ef98a8cd33f5efd7684ea66) + +Assuming even if AMC got squeezed , as long as it comes back down below $240 on Jun 25 it is all profit. And losses are not tat bad comparing to maximum profit. + +Sound too good to be true, whats the catch? + +It is susceptible to IV crush, but I'd argue that IV will go down only if stock goes back to reasonable levels. +Hey gang, + +I am thinking about playing the theta strategies for SPX. Less IV and less wild moves like tesla for example. So I wanted to sell a dar OTM put and call to collect the premium. Did some research and was looking at selling both at 1 standard deviation. And a delta of 0.2 or less. + +Since SPX has some daily expirations I want to do them 0dte. And keep rolling them down before expiration. + +Any comments or suggestions? +Posted this in the daily discussion thread, but I think it merits a repost on its own: + +I took a pretty big hit today on APHA. I'm not opposed to taking lotto tickets with under 10% of my account, but from now on I'll do so only with long shares. Here are two reasons why: + +1. Most of the price action to the upside seems to happen after hours. If your shares are locked up because you're short a call on the underlying, and you don't have approval for naked calls, you miss the big peaks after hours and in the premarket, which are the best times to take profits. +2. Even if you're long a call (or short a put), the options chains on insanely volatile meme stocks typically don't update until 15 to 20 minutes after market open. If there's a big selloff at the open, which there always is on stocks that have mooned, you'll lose money because you were unable to sell at the opening bell. + +At the opening bell this morning, I was up $1,000. In the premarket, I was up $1,500. Now I'm down $1,500. I tried to take profits at the open and couldn't. + +What I've learned is that you should never try to surf the meme wave with options. **When surfing the meme wave, the very most important thing is your ability to enter and exit the position whenever you like**. Volatile meme stocks gap way up, then tank, then make big moves after hours, then tank again, etc. If you're not able to close your position after hours, you're going to get slammed at the open; and, since options can't be traded after hours, you should never have a short or long options position on a meme stock. + +Moreover, if the meme stock has blown past the open strikes in the options chain, it'll take the market makers a while to get the option chain for the day set up. So you can consider it guaranteed that your meme call or put position won't be closable until 9:45-9:50 in the morning, at which point your meme stock has probably tanked. + +Look at the charts for BANG+Weed stocks over the past month, and notice that the huge moves to the upside almost always come in extended hours, while trading during market hours tends to be flat to down. And then never open an options position on a meme stock again. +My understanding of margin is that you do not pay interest unless the money is actually spent. This means that margin being used as collateral does not get charged interest, is that correct? + +If so, is this something worth considering? For example, if I wanted to run The Wheel on margin and I got assigned on the put, would it be in my best interest to sell calls at a higher Delta (at or near the money) to get assigned sooner and keep the margin from being "spent" for long? + +I finally got over my fear of margin this week and have been doing a lot of research on how to effectively use it with minimal risk. I'm afraid I might be overthinking the interest side of it though. +% of income I should spend on a place? + +Will I feel tight in a 300ft studio? + +Is walking distance to my work worth it? Or a newer, bigger space and take the subway? + +What are impending costs that you wouldn’t expect? + +Big no-nos? + +Best time to sign a lease? + +Should I get insurance through Lemonade? + +Anything that comes to your mind please feel free to share, thanks! +I get the reasons why it’s almost always better to invest rather than overpay a mortgage, but I’m interested in situations where it does make sense. + +For instance, if ISAs and Pensions are maxed out, and bigger future home is being saved for - does it make sense? +What's up apes, + +I'm submitting a follow-up to my post from yesterday detailing the "missing BlackRock data" in FINRAs site. A few hours after submitting the initial post, [we learned about the SC-13G/A posted on GameStop's official website](https://gamestop.gcs-web.com/sec-filings). + +Here's the deal. How can an SC-13G/A exist on GameStop's books when FINRA isn't displaying an equal relationship of shares held by BlackRock? If GameStop has the document, then FINRA also has the document. And if they have it, and BlackRock is still missing on the page, what could that possibly mean? + +Here are the only two scenarios in which this is possible: + +1) GameStop is committing fraud and posting false information. + +2) FINRA has the document, and even after acknowledging that BlackRock has roughly 5 million shares they are still net-negative from a lending perspective. + +So which scenario do you believe is the correct one? + +As always, *this is not financial advice* and you should ALWAYS do your own research first. +Good morning everyone, + + +In my short working life I have met many people who worked part time or casual jobs in addition to their full time jobs. Whether it be police officers who were in the army reserve or casual security guards, nurses who worked in the casual pool or agency shifts at other hospitals or physios working part time at other facilities. I even met a part time nurse who was a full time firefighter and a casual nurse who was a full time paramedic. And surprisingly a full time engineer to worked as a part time orderly simply because he was bored. + + +Point is a lot of people seem to be working extra hours in addition to their full time hours and naturally as someone who wants to increase their income I am strongly considering this path as well in the not so distant future. However I am aware that the lack of work life balance can lead to burn out, mental/physical health related issues and can put a strain on social/family life. + + +So if you work full time hours or have a full time role and work additional casual or part time hours in another rob/role; Is the extra money worth the extra time spent at work ? Discuss. + + +Thank you for your time and have a great weekend. +Already 500 out of 7000 ATMs in Greece are now out of money. Lots of banks have decided to stay closed today (Saturday). Lots of banks are also planning to stay closed on the upcoming monday. + +The bank run is real. + +Photos of people queing at ATMs at 2 AM in the morning: + +[photo1](https://twitter.com/Ouinston/status/614563503119167488/photo/1) + +[photo2](http://www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/06/ATMLine_0.png) + +[photo3](http://www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/06/ATMLines3_0.png) + +[photo4](http://www.zerohedge.com/sites/default/files/images/user92183/imageroot/2015/06/ATMLines_0.png) + + +Officially they'll of course avoid calling it a bank run to not cause any panic but these pictures say enough... + + +Source: http://www.bloomberg.com/news/articles/2015-06-27/greeks-line-up-at-banks-and-drain-atms-after-tsipras-calls-vote + + +Look into CBDCs and the amount of control they give to central banks. + +* they are fully centralized +* transparent, every transaction is subject to surveillance. +* transactions are directly taxable. +* endless money printing ie. inflation. +* negative interest rates. +* expiry dates on money (literally you have 3 months to spend your salary or it is gone). +* control over what you can and cannot spend your money on. +* easily restrict where you can spend your money, at what time you can spend your money, or even turn off bankaccounts/people. + +Look into social credit systems, how effectively they oppress populations. They are already a reality in parts of China. + +* a point system that determines your social status. +* virtue points for stuff the government likes +* penalty points for stuff the government doesnt like. +* your "citizen privileges" are determined by this point system. +* want access to restaurants? your score needs to be over 100 or your QR doesnt work. +* went to the wrong protest?, talked to a dissident?>>> no traveling for you, no supermarket for you... no school for your kids. +* sucked off the balls of the government? >>> maybe youre allowed to buy better food or even some alcohol this month, sucked hard enough?? maybe your kids get to go to a better school. + +Now combine CBDC's and social credit... + +CBDCs are every totalitarians wet dream. An airtight tool for oppression. + +The QR code system that they've been trying to introduce though the covid pandemic is the perfect trojan horse. (I happen to think that is not a coincidence, but then again I am also a crazy conspiracy theorist.) + +I know one thing though: + +If CBDC's ever get widely implemented we will forever be cattle to whoever controls them. +Genuine question. Every response I've seen to a post/question on here seems to be encouraging people to save literally every spare penny, increase pension contributions, invest in ISAs etc etc. I've just finished reading a post in which a UKPFer was asking for advice on what to do with the £500 or so he'll have spare each month after expenses. The most upvoted response? Someone advising the OP to put the lot into savings/investments of some sort. Really? That, to me, sounds like awful advice. Put a bit away, but for the love of God leave enough for a few things you enjoy. If you don't, what's the point? + +Is the collective ideal really to save your life away from the ages 18-65 just so you have a decent pot for a retirement you may not even be around to enjoy? + +I personally spend around £500 per month (earn roughly £1650 pm*) on stuff I enjoy; be that drinking, gambling, weekends away, playing sports, buying clothes - am I doing it all wrong simply because I'm enjoying myself? + +*Expenses ~£700, Save ~£350 + +Edit: Some context: I'm 24, single, renting, no debt, 4 month emergency fund, currently saving enough to hopefully be able to put 20-25k down on a house within the next 3-4 years. Sure, I could save more, put a larger deposit down or buy a bit sooner, but why? I'd be sacrificing things I enjoy doing and that, to me, seems a much more slippery road to take. + +Also, I should have made clear in my original message that I'm referring to posts in which someone is asking for advice on what to do with spare cash or income. Obviously if someone has high-interest or substantial debt, it's in their best interest to commit most of what they can spare to get it paid off as quickly as possible. +Considering taking a job at NatWest Group as a software engineer, and obviously they list their benefits but my parents seem to think that if you work for a bank they will give you preferred interest rates on mortgages. + +I assume this was maybe the case when they were younger, but it is still a thing nowadays? +Most people in this sub work at demanding jobs or have created their own business, both of which require an immense amount of effort and focus. In the midst of being busy and continuing to work hard , how do you deal with burnout and health issues? Are there any mental models/tricks that you have picked up over time? How do you make sure that you are keeping yourself healthy while being on your journey to building wealth? +Sorry for this rant, but yet again I'm stuck with a random dumped dog. In the past 8 months it's been 6 red tick coonhounds, a dozen pits, and now two Great Pyrenees. + +See, I live behind some woods that happen to have a highway on the other side. People drop them off on the road, drive off without a second thought. I bet they think they'll go live a golden life on a farm. Spoilers: they don't. They get ate by wildlife, they turn feral, they get shot, or they go to the shelter and get put down. I have seen purebred dogs, dogs with toys, dogs with perfect coats, well fed dogs, ect on top of the ones you expect. The beaten, broken bait dogs that are unwilling to die. They all have turned up on my back door. + +I post the flyers, I post on local Facebook groups, and without fail I'm forced to house them and re-home them. The shelter has a 90 percent kill rate, people buy dogs with taxes or on a whim, they get big or old or whatever, and they get dumped. Now it's almost tax season and the local pet stores will be sold out for weeks on end. And in a few months I'm going to have a flood of dogs on my property. I'm going to have to start eating the feral cats that get dumped just to afford this shit (joking). + +Thanks for reading, though I imagine most in this sub wouldn't abandon their dogs. It just pissed me off waking up to two 6 week old puppies a few weeks ago that had been dumped. + +Edit: So, misunderstanding between me and the mods and I deleted it. Mothra is a cool person, by the way. But I don't believe this subreddit is one to dump dogs. I'm hoping to raise awareness with this post, and unlike some other places the mod group here are cool AF. +Ive been fortunate enough to hit large financial milestones due to successful investing. I agree with the general advice here about not discussing that with people, however in practice I'm thinking it wont be so simple. If I do retire early, im young enough that telling people ive retired is tantamount to saying I have money. Or if someone asks me on a date what I do for a living, saying I'm retired is also tantamount to saying I have money. I dont like the idea of lying to people... should I find like a cover story or something? How would you address this? +# Milken Again... Called it. + +&#x200B; + +https://preview.redd.it/qvnhyjuco1p91.png?width=1136&format=png&auto=webp&s=f2c9cf5f7056ea2cf8dbddb6e2624c60e813ce55 + +\-------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative. Where possible, I do cite sources but it is also possible that these sources are publishing incorrect information.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**ADDITIONAL DISCLAIMER:** *While there may seem like there are implications of illegal wrongdoing in this article, I am not a legal authority and make no claims of illegal activity except those which convictions have been made. The purpose of this article is to highlight connections of publically available information and where speculation is made, is of my own personal opinion for educational purposes. If this article does highlight potentially illegal activities, it is up to the proper authorities to determine if these activities are in fact illegal using the proper means. Any judgments by readers of this article in the comments of this article are of their own, and not made by me, the author.* + +*Freedom of speech is a principle that supports the freedom of an individual or a community to articulate their opinions and ideas without fear of* ***retaliation, censorship, or legal sanction***\*. The right to freedom of expression has been recognized as a human right in the Universal Declaration of Human Rights and international human rights law by the United Nations. Many countries have constitutional law that protects free speech.\* + +**I invoke this right.** + +\-------------------------------------------------------------------------------------------- + +I stumbled across an article recently, and though I’m not the first one to post this article, when I read it a lot of stuff from my own DD started to click. + +Other Posts Referencing this... + + [https://www.reddit.com/r/Superstonk/comments/ryyr9x/what\_were\_seeing\_now\_is\_what\_happened\_to\_dendreon/](https://www.reddit.com/r/Superstonk/comments/ryyr9x/what_were_seeing_now_is_what_happened_to_dendreon/) + + [https://www.reddit.com/r/Superstonk/comments/nwz2g3/short\_sellers\_and\_jim\_cramer\_have\_blood\_on\_their/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nwz2g3/short_sellers_and_jim_cramer_have_blood_on_their/?utm_medium=android_app&utm_source=share) + +So I started to Dig. + +The article is titled **Michael Milken, 60,000 Deaths, and the Story of Dendreon**, and if you haven’t read it yet I would strongly recommend doing so. + +It’s essentially a 15 part DD written back in 2009 by Mark Mitchell who worked with Patrick Byrne the CEO of Overstocks online publication titled Deep Capture. + +The Full DD Source: [http://www.marketrap.com/article/view\_article/9199/Michael-Milken-60000-Deaths-and-the-Story-of-Dendreon-Chapter-1](http://www.marketrap.com/article/view_article/9199/Michael-Milken-60000-Deaths-and-the-Story-of-Dendreon-Chapter-1) + +CEO of Overstock working with Deep Capture and Mark Mitchell + +[https://archive.sltrib.com/article.php?id=3880732&itype=CMSID](https://archive.sltrib.com/article.php?id=3880732&itype=CMSID) + +Even Overstock releasing a Press Release about this article + +[https://investors.overstock.com/news-releases/news-release-details/overstockcom-comments-deepcapturecom-serialized-article-michael](https://investors.overstock.com/news-releases/news-release-details/overstockcom-comments-deepcapturecom-serialized-article-michael) + +And the Full 15 Part DD sitting in the SEC archives as a comment letter + +[https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf](https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf) + +# >> THIS ARTICLE IS INSANE << + +It highlights SO much shit that we are going to go through, and some pieces that I’ve uncovered since looking into this… but the main thing here - **ITS THE EXACT SAME THING WE ARE GOING THROUGH WITH GAMESTOP!!!** + +To sneak preview, here’s a couple of highlights - TELL ME IF THIS SOUNDS FAMILIAR?? + +https://preview.redd.it/nbvwffbfk1p91.png?width=1046&format=png&auto=webp&s=af5ac1a394461a8fd1231dd7e7b4a0aea973dc25 + +&#x200B; + +https://preview.redd.it/n7m57sejk1p91.png?width=1380&format=png&auto=webp&s=55c635ae018f92ef909ff79305f7affb210fd116 + +&#x200B; + +https://preview.redd.it/2zkij5olk1p91.png?width=1373&format=png&auto=webp&s=81e15a72a7a5828e50e217f6e651588e78bdfee4 + +&#x200B; + +https://preview.redd.it/ere9civnk1p91.png?width=1386&format=png&auto=webp&s=1ce8d60b0317339ebe29d08d98a421542998aaf9 + +&#x200B; + +https://preview.redd.it/zs72q3zuk1p91.png?width=1187&format=png&auto=webp&s=734d60e243b11ddf423254ae6cc982c415c60c2b + +So believe me when I say this… there is a LOT to learn from reading the original DD, and there is a LOT similar to the situation we are dealing with today. + +I have long suspected that Apollo Global works with Market Makers and Hedge Funds to Cellar Box companies from the inside out. It is not just Hedge fund’s Naked Shorting that does this. + +See the Private Equity Hostile Takeover Playbook and review past BBC DD for further details on this. + +https://preview.redd.it/0ghszoo1l1p91.jpg?width=960&format=pjpg&auto=webp&s=09949c86737eab7f2b935fc6ce61b3a29a0293cb + +But remember… + +This article came out in 2009. Long before Gamestop was a target, yet… all the same players and all the same strategies seem to be here. + +So lets take a look at how things played out for Dendreon shall we? How did the Private Equity Hostile Takeover Playbook work out for them back then? + +How did a company fair that didn’t have 100s of 1000s of Apes behind them? + +How did they EXPECT Gamestop to play out? + +Here’s a quick chart of Dendreon Price vs FTDs… + +&#x200B; + +https://preview.redd.it/yvrvxmz6l1p91.png?width=917&format=png&auto=webp&s=88edb99ea5b3e48b4e076cb5f443241250d91d1b + +And here’s the Stock chart prior being turned into a Penny Stock with the above timeframe marked + +&#x200B; + +https://preview.redd.it/rs0rttoal1p91.png?width=1196&format=png&auto=webp&s=d129e000a665b1748fc280367bbd8e51708af9e8 + +# So the formula is the same. + +&#x200B; + +* Load up a target company with Debt that your buddies own. +* Naked short the shit out of the stock through your hedgefund buddies. +* Get your buddies in the Media to run a negative campaign against the company… cough cough Cramer… +* Company is pushed into Bankruptcy + +The same formula Milken used with his Junk Bonds + +The same formula Apollo Global, formed by Milken’s righthand man (Leon Black) and associates, used against Gamestop and Popcorn. + +Interesting right? + +Now the Original Article by Mark Mitchell does a great job at tying Milken to everyone involved, even the Mafia apparently. So again, I’ll say to read that article in full to get the full background. + +So I won’t go into all of it, but I will go into some. + +MOST IMPORTANTLY - To start with… + +Wouldn’t it make sense to see if Milken is tied to the Private Equity Hostile Takeover Playbook structure for Dendreon right? + +I mean, if Milken was tied financially to lets say… the company that owned the Debt at Dendreon… that would be pretty damning evidence right? + +Being financially tied to the same strategy that you went to prison for, while being associated to all the people involved in it happening to another company… might be pretty revealing right? + +Lets take a look shall we? + +Well after a little digging, I found this article announcing Dendreon Entering Bankruptcy and a company called Deerfield Management being Dendreon’s largest Creditor + +[https://xconomy.com/seattle/2014/11/10/as-huge-bills-loom-immunotherapy-pioneer-dendreon-enters-bankruptcy/](https://xconomy.com/seattle/2014/11/10/as-huge-bills-loom-immunotherapy-pioneer-dendreon-enters-bankruptcy/) + +&#x200B; + +https://preview.redd.it/9pp5b7ohl1p91.png?width=1086&format=png&auto=webp&s=eccbce6bdf1d1e2d612048f3ac5708e4601c081c + +So a quick look into Deerfield Management and we come across this article called **Success Past, Partners Seek Next Big Deal In New Venue** + +[https://www.nytimes.com/2004/07/31/business/successes-past-partners-seek-next-big-deal-in-new-venue.html](https://www.nytimes.com/2004/07/31/business/successes-past-partners-seek-next-big-deal-in-new-venue.html) + +Which details the rise to success of 2 men named Nelson Peltz and Peter W.May… who started Deerpark & Company. + +2 Men who just happen to be were associates of Milken and got their start using Milken’s Junk Bonds… + +https://preview.redd.it/f4vpesgkl1p91.png?width=957&format=png&auto=webp&s=9bb5df6a89584c8a3840d145e3d7f41d481d683b + +So it’s interesting that they were the debt owners for Dendreon right? + +But MAYBE Milken could DENY having ANY financial gains from Deerfield right? + +That he was MERELY associates with Petz and May and was no way involved in Dendreon… + +Well… here’s financial PROOF he benefited financially… + +## Deerfield Triarc Capital Corp Prospectus Dated 2005 - Source SEC + +[https://www.sec.gov/Archives/edgar/data/1313918/000095011705004675/a40504.htm](https://www.sec.gov/Archives/edgar/data/1313918/000095011705004675/a40504.htm) + +Which Names Milken R. Milken (Nice of them to confirm middle name) financially benefited from this. + +&#x200B; + +https://preview.redd.it/sfosn9gol1p91.png?width=1166&format=png&auto=webp&s=475f00d0854b578d0b6e07bd5a2c375ff8cc85dc + +**(Ctrl F “Milken” to verify this as it’s a big document - Page 135, Item 65)** + +And this document lists the connections between all these companies. Essentially this is a partnership between the company Milken benefits from and the company that owns the debt. + +&#x200B; + +https://preview.redd.it/1o7gycqsl1p91.png?width=1184&format=png&auto=webp&s=88d113ec86814b8540583edbc1c208be0be6f551 + +So Milken - Godfather of Hostile takeovers through leveraged debt, adds Naked Shorting to the Playbook. + +Say they wanted to do this again to our Beloved Gamestop. + +You’d Need a Private Equity Company + +Well that’s easy… Apollo was founded by Milken’s right-hand man… + +&#x200B; + +https://preview.redd.it/81enj59wl1p91.png?width=556&format=png&auto=webp&s=eb1fc397f182887dc82ddb4646616968d4ff2eb6 + +Was Apollo involved in Gamestop? + +&#x200B; + +https://preview.redd.it/dx7t7a3zl1p91.png?width=944&format=png&auto=webp&s=d7e0357808fd05ee1c1daf366c73791f3934da18 + +CNBC Source: [https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + +Was Apollo involved with Popcorn? + +https://i.redd.it/jwl8rji2n1p91.gif + +&#x200B; + +[ \(Proud that if you Google “Adam Aron Apollo” this is the second picture linking to BBC\) ](https://preview.redd.it/akb0b677n1p91.png?width=904&format=png&auto=webp&s=e3cee5f77cae126fccca4d512ed020bbc9404c6a) + +Ya you could say so… + +(If you doubt AA’s involvement, you need to read my Apollo DD) + +Ok but back to Milken… + +He has a Private Equity Company onboard… they’ve executed this plan plenty of times (Apollo are notorious for hostile takeovers) + +He has his inside man in Popcorn… + +Now he needs Hedge Funds and a Market Maker right? + +&#x200B; + +https://preview.redd.it/uttvzpobn1p91.png?width=1188&format=png&auto=webp&s=cfb6b8dffe1b82bcb3ac6306f25dc74d683e54d3 + +&#x200B; + +[ Citadel - The Official Sponsor of the Milken Institute. ](https://preview.redd.it/jeq5vytdn1p91.png?width=1191&format=png&auto=webp&s=5db3c180c7ef07c66b0f7cbabe75ba490528552b) + +# All the Pieces are there... + +Should I change the name of the Private Equity Hostile Takeover Playbook… + +To the Milken Method? + +It all falls into the Milken Method. + +More to come on this… + +\--------------------------------------------------------------------------------------------------------------------------------------- + +# FUCKING PUPPY BREAKKKK!!!!! + +Awww... it's TYLEEE!!!! + +&#x200B; + +[Ryan Cohen's Best Friend](https://preview.redd.it/888xegaqo1p91.png?width=772&format=png&auto=webp&s=27abfd736d8fe077b0cb1fec2e54bb9ef60509ee) + +\---------------------------------------------------------------------------------------------------------------------------------------- + +RETWEET THIS SHIT!! [https://twitter.com/BadassTrader69/status/1572270799310000132](https://twitter.com/BadassTrader69/status/1572270799310000132) + +\---------------------------------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** +I called Fidelity last night to transfer some shares to CS and everything was going SWIMMINGLY until the representative told me he accidentally transferred ALL OF MY SHARES to CS. + + +He said there was nothing he could do right now (it was 7:00PM at the time) and that he'd call and cancel tomorrow and re-send the request. + + +Flashforward to NOW, there's nothing they can do ATM. It has to complete and then I can transfer some back. + + +PERSONALLY, I'm not TOO concerned about it, and it might even be for the better. + + +I guess I'm just reaching out for a little comfort from you guys cuz I'm not 100% sure this computer share thing isn't FUD and...well...my shares are 100% out of my hands for the next couple days if not weeks. + LU0090830653 - 3% + LU0093503141 - 3% + LU0217390656 - 5% + IE00B19Z4C24 - 5% + LU0138259550 - 5% + LU0232932698 - 0% + LU0227385266 - 5% + LU0066341099 - 5% + +You get the picture. I still have some of those at >-10%. I'm so pissed. My financial advisor has been recommeding me these or recommended me these the past 2 years and I actually invested in them because I knew nothing about investments. Are these what people call mutual funds? + +Holy shit, I think I've been getting ripped off for the past 2 years. I didn't know much about what were index funds or ETF's. + +From what I've learned this past week, ETF's can track the same index as index funds but being a lot more cheaper, am I correct? + +Holy fuck, I'm retarded. +I am thinking of moving to Portugal especially after I heard about the NHR tax regime. While this regime is heavily marketed ([rebase.co](https://rebase.co)), I have read so many posts explaining that you are most likely going to pay a decent amount of taxes and not 0% as advertised. + +I currently live in Romania (so I should be able to obtain residency quite easily) and own a freelancer entity there that I use to invoice local and foreign clients. **If I move to Portugal while I keep using my Romanian entity to invoice clients (therefore I will pay taxes in my own country) , what taxes will I be paying in Portugal?** + +I read that as long as my clients are not from Portugal and I pay taxes for that income in my home country (while also working in a high profile area like IT), I would be eligible for 0% taxes - but I'm not really sure about this. Thanks for your help! +Hi! + +Beginner here, thinking about getting into investing. I've just spent a few long days digging through advice, reddit threads and ETFs, including scrapping most of the draft portfolio as I figured out U.S.-domiciled funds aren't an option because of tax reasons... Anyway. €100k, won't be touching the investments for at least 10 years. Looking for index funds, not individual stocks. 35 year old, moderate risk appetite. Based in Lithuania (so there aren't that many funds available, compared to the U.K., for example). What do you think about this? + + +|Fund|Ticker|Percentage| +|:-|:-|:-| +|Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulating|[VAGF](https://www.justetf.com/de-en/etf-profile.html?query=IE00BG47KH54&groupField=index&from=search&isin=IE00BG47KH54)|35%| +|FTSE All-World UCITS ETF|[VWRA](https://www.justetf.com/de-en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80)|15%| +|Xtrackers MSCI Europe Small Cap Index UCITS ETF 1C|[XXSC](https://www.justetf.com/de-en/etf-profile.html?query=XXSC&groupField=index&from=search&isin=LU0322253906)|10%| +|SPDR MSCI Europe Technology UCITS ETF|[SPYK](https://www.justetf.com/de-en/etf-profile.html?query=SPYK&groupField=index&from=search&isin=IE00BKWQ0K51)|8%| +|iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)|[QDVE](https://www.justetf.com/de-en/etf-profile.html?query=QDVE&groupField=index&from=search&isin=IE00B3WJKG14)|16%| +|Lyxor New Energy UCITS ETF D-EUR|[NRJ](https://www.justetf.com/de-en/etf-profile.html?query=NRJ&groupField=index&from=search&isin=FR0010524777)|3%| +|iShares Automation & Robotics UCITS ETF|[2B76](https://www.justetf.com/de-en/etf-profile.html?query=2B76&groupField=index&from=search&isin=IE00BYZK4552)|3%| +|iShares Nasdaq US Biotechnology UCITS ETF|[BTEC](https://www.justetf.com/de-en/etf-profile.html?query=BTEC&groupField=index&from=search&isin=IE00BYXG2H39)|3%| +|WisdomTree Artificial Intelligence UCITS ETF USD Acc|[WTI2](https://www.justetf.com/de-en/etf-profile.html?query=WTI2&groupField=index&from=search&isin=DE000A2N7NJ6)|3%| +|Xtrackers FTSE Developed Europe Ex UK Property|[XREA](https://www.justetf.com/de-en/etf-profile.html?query=XREA&groupField=index&from=search&isin=IE00BP8FKB21)|4%| + +By asset type / location, assuming my calculations are correct: + +|Type|Percentage| +|:-|:-| +|U.S. bonds|15.12%| +|Non-U.S. bonds|19.88%| +|U.S. stocks|31.38%| +|Non-U.S. stocks|33.62%| + +Some more points: + +\- I'm trying to combine both U.S. and non-U.S. assets. The U.S. market charts obviously look great for now, but this can't last forever. + +\- I've added separate IT funds instead of going all-market. Big believer in IT here, and I'm betting these will keep growing. + +\- Additional funds (new energy, biotech etc.) for some moonshot percentage and fun. + +\- Again, newbie here... There may be some completely idiotic allocations. Please be harsh. + +Thanks a lot for any comments or suggestions! +Hi! + +Beginner here, thinking about getting into investing. I've just spent a few long days digging through advice, reddit threads and ETFs, including scrapping most of the draft portfolio as I figured out U.S.-domiciled funds aren't an option because of tax reasons... Anyway. €100k, won't be touching the investments for at least 10 years. Looking for index funds, not individual stocks. 35 year old, moderate risk appetite. Based in Lithuania (so there aren't that many funds available, compared to the U.K., for example). What do you think about this? + + +|Fund|Ticker|Percentage| +|:-|:-|:-| +|Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulating|[VAGF](https://www.justetf.com/de-en/etf-profile.html?query=IE00BG47KH54&groupField=index&from=search&isin=IE00BG47KH54)|35%| +|FTSE All-World UCITS ETF|[VWRA](https://www.justetf.com/de-en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80)|15%| +|Xtrackers MSCI Europe Small Cap Index UCITS ETF 1C|[XXSC](https://www.justetf.com/de-en/etf-profile.html?query=XXSC&groupField=index&from=search&isin=LU0322253906)|10%| +|SPDR MSCI Europe Technology UCITS ETF|[SPYK](https://www.justetf.com/de-en/etf-profile.html?query=SPYK&groupField=index&from=search&isin=IE00BKWQ0K51)|8%| +|iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)|[QDVE](https://www.justetf.com/de-en/etf-profile.html?query=QDVE&groupField=index&from=search&isin=IE00B3WJKG14)|16%| +|Lyxor New Energy UCITS ETF D-EUR|[NRJ](https://www.justetf.com/de-en/etf-profile.html?query=NRJ&groupField=index&from=search&isin=FR0010524777)|3%| +|iShares Automation & Robotics UCITS ETF|[2B76](https://www.justetf.com/de-en/etf-profile.html?query=2B76&groupField=index&from=search&isin=IE00BYZK4552)|3%| +|iShares Nasdaq US Biotechnology UCITS ETF|[BTEC](https://www.justetf.com/de-en/etf-profile.html?query=BTEC&groupField=index&from=search&isin=IE00BYXG2H39)|3%| +|WisdomTree Artificial Intelligence UCITS ETF USD Acc|[WTI2](https://www.justetf.com/de-en/etf-profile.html?query=WTI2&groupField=index&from=search&isin=DE000A2N7NJ6)|3%| +|Xtrackers FTSE Developed Europe Ex UK Property|[XREA](https://www.justetf.com/de-en/etf-profile.html?query=XREA&groupField=index&from=search&isin=IE00BP8FKB21)|4%| + +By asset type / location, assuming my calculations are correct: + +|Type|Percentage| +|:-|:-| +|U.S. bonds|15.12%| +|Non-U.S. bonds|19.88%| +|U.S. stocks|31.38%| +|Non-U.S. stocks|33.62%| + +Some more points: + +\- I'm trying to combine both U.S. and non-U.S. assets. The U.S. market charts obviously look great for now, but this can't last forever. + +\- I've added separate IT funds instead of going all-market. Big believer in IT here, and I'm betting these will keep growing. + +\- Additional funds (new energy, biotech etc.) for some moonshot percentage and fun. + +\- Again, newbie here... There may be some completely idiotic allocations. Please be harsh. + +Thanks a lot for any comments or suggestions! +im 17 live in belgium and is ok with making accounts for me + +i have a little over 130 EU saved from just pocket money get like 40 EU a month + +i dont have expenses i can save everything and staret right now + +i would like to get into the markter as soon as possible + +so i have some questions + +which etf is the best and should i invest in a combination of etfs or only one ? + +what is a good brokerage for Belgium ? + +what about crypto ? + +i want to have little bit in crypto but how do i buy ? + +what brokerage do i use to buy crypto because a lot of USA residents use gemini to buy blockfi to store is this good in EU/Belgium? + +what crypto do i buy is it smart to buy a little bitcoin or spread like 30 EU out over 3 big crypto's + +the ones i look at are bitcoin etherum and cardano + +thanks in advance + + +Hi, I've been planning to move to either Ireland/New Zealand/Italy, and I would like some input regarding how much you think I should save before making the move, We are a family of four, I'm currently saving aprox 1000usd a month, when do you think it would be enough? + +Thanks for your time. +Hi all, + +as you all know by now Degiro is holding out on new subscriptions so folks are turning mostly to IB. In fact I do have opened an account with IB and I enjoy reduced monthly custody fees (3USD x month minus any trading fees I incur into) due to being under 25. However, for the amount of money I will invest (around 1k in the next 6-12 months, I'm going to do a more accurate DCA plan), I sense that those 2-3USD monthly are going to be a pain in the ass. + +So my questions are: + +\- What your opinion on those (3-commissions) USD monthly fees? + +\- Will changing brokers in 1 year or more going to be a big issue? + +\- Why is Trading 212 not a best option to IB since they have 0 commissions and fees? +Hi! I wanted to please kindly ask your advise. I am waiting to hopefully get an offer for a job I like. + +I wanted to ask your experience in salary negotiation - do you usually negotiate the company offer? + +I mentioned "around" a specific amount for annual salary, I'm not 100% sure what the offer would be. + +Thanks in advance for your thoughts! + +Edit: The role is for Communications Manager, I dont have any other concrete offers on the table, and I'm currently interviewing with one more company. I told them that I had was actively interviewing with other companies but had no offers yet. +With the whole war going on in Ukraine and the gap in the politics spectrum being widened (democracy vs autocracy) I've been wondering if it makes sense to get rid of Countries such as Russia and China from my portfolio. + +I currently invest 100% in VWCE which to my knowledge includes Russia and China.I am worried that down the line China with possible invasion of Taiwan might follow the same path of Russia. + +What do you guys think about investing in some type of combination that would give us a VWCE type fund but without China. Or just investing in FTSE All World Developed? + +Is this even worth it? Since if what I mentioned above does happen then China will slowely be removed from the fund like Russia was? + +China currently stands with an allocation of 3.6% of the total fund in VWCE and Russia 0.1%. +This is my current financial situation: + +\- I'm In in my 30s living in Spain in an apartment where I don't pay rent, no kids, no wife. + +\- I have 2 Masters, one in computer science and other in business admin. I don't work right now, but I was working abroad for many years + +\- I own one flat that I rent, the income I get is around 1k, with 200 of fix expenses per month including taxes. I just bought another apartment that I expect will give me 440 per month with around 50 of expenses. + +\- I have 80k in indexed founds. 11k in Europe, 11k in Pacific/Japan, 58k North America. + +I have the chance to buy another apartment for 75k (including taxes), and rent it for 490 per month with 60 of expenses. My goal is to be financially independent without having the need to work. For this I should have a monthly income of at least 1500-2000, and move out, since my parents own where I live now. + +This year I lost 6000 Euro with Bitcoin and other risky investments since I felt pressured by myself to earn more money. I tend to hold my position when the market is going down and then panic sell at the bottom. + +My question is what should I do to achieve my goals? + +\-Should I go back to work abroad, at least for some time? (the salaries in Spain are too low) + +\-Should I sell my stocks and buy that apartment to get more monthly income? (I think that probably if the current situation is only a correction, there will be another big crisis in 1 or 2 years, otherwise the crisis is here, so why to wait?) or should I hold that money waiting for a better opportunity/keep investing in funds, taking into account that I can loose part of it in the following years? + +Thanks. + +&#x200B; +I am sure yall are forgetting the fact that Bitcoin is the world’s only DECENTRALISED method of payment. +This means that NOBODY has a say in how it is operated or mined. + +We DON’T need a mining or whatever council. This is just yet another attempt by yet another rich person trying to hold influence over Bitcoin. We know the energy use of Bitcoin and it needs no explanation. Either you take it or leave it. The world is messed up because of power plants, cutting of forests, millions of factories and petrol/diesel cars etc not Bitcoin. How about they address that? + +Also, If they don’t like the energy of use Bitcoin, why don’t they choose one the thousands of other Crypto? I personally think that there is a much bigger worry for them other than energy use… +In the physician community, disability insurance is discussed frequently. This makes sense because we are rather pigeon-holed into a narrow specialty without the ability to translate our skills to a similar paying position elsewhere. + +Is disability insurance similarly prevalent in other fields, such as software engineering (what is you lose your vision or have debilitating headaches) or law? +Hello UKPF! Hoping you can help with a quick question. I currently have £6900 sitting in a Nutmeg S&S LISA (£5300 of which is my deposits, £1300 is government bonus, the remaining £300 is interest). + +Due to a change in personal circumstances it's very likely that I'm now going to be buying a house in London, above the £450,000 limit. + +From what I've read, my best bet might be to pull the money from the LISA, take the penalty hit, and then either place into a savings account or into my regular S&S ISA. But before I steam on ahead I wanted to check if there's anything smarter than can be done? + +EDIT: Thanks all, some really interesting points on here, and particular props to people that broke down the maths for me. I'm going to leave it alone until I buy, see if I really need it, and if not keep it as a nice surprise for my 60-year-old self! Unless of course the government either raises the limit or removes the penalty (but I'm not going to bank on either of those...) +Im sure some of you are aware Vechain has its rebranding event on monday feb 26th, but for those that arent come and check out https://www.reddit.com/r/Vechain/ + + +About a year ago, crypto was on absolute fire and people were making bank. + +**Enter SQUID** \- a coin in no way affiliated with the popular netflix show. + +With an elaborate hoax website and a twitter handle, the token launched on the Binance Smart chain. Clueless and degenerate investors were drawn in on the basis of their funds somehow being part of an actual competition like the series - a winner take all. Last one standing etc. + +Seasoned investors however, were quick to identify it as a scam through its obvious tokenomics, meme like status, and websites like [honeypot](https://honeypot.is/). Even the project's own website was full of typos. + +The scam coin was listed on Pancakeswap and loaded with a tiny bit of liquidity for a few measly cents on Tuesday 26th October. Over the weekend, that price shot up to $38 as gamblers jumped in. By the following Monday, it peaked at more than to $3100. + +Then bang. Zero. + +[SQUID chart on Poocoin.app](https://preview.redd.it/oqxnigcso4w91.png?width=2880&format=png&auto=webp&s=0f05488f8aff0f5c0eaf653a60bbe914eb6964b5) + +Six days after launching, On November 1st, the token had gone from basically nothing to $3k each, and back to nothing again. + +Rug completely and effectively pulled. Developers pulled out all the liquidity. The rugging was even caught live by a Twitch streamer. Seriously, check out the [video](https://www.youtube.com/embed/CpR2kMxy7O8) \- it's brilliant. The final send off from the devs was an announcement posted on Telegram that they had [abandoned the project](https://coinmarketcap.com/alexandria/article/binance-investigates-squid-game-themed-crypto-scam) because of "scammers". + +>“Someone is trying to hack our project these days. Not only the Twitter account but also our smart contract… Squid Game Dev does not want to continue running the project as we are depressed from the scammers and \[are\] overwhelmed with stress.” + +&#x200B; + +**The fallout?** + +Everyone got [rekt](https://m.economictimes.com/markets/cryptocurrency/from-2800-to-zero-in-5-minutes-how-investors-lost-millions-in-cryptocurrency-inspired-by-squid-game/amp_articleshow/87501855.cms). Nobody could withdraw anything. It was simply all gone. + +>More than 40,000 people still held the token after the crash, according to BscScan, a blockchain search engine and analytics platform. + +The identities of its creators were never determined. The website was taken offline. Emails sent to the developers bounced. The social media channels were shut down. The Twitter account turned off direct messaging and replies. + +BscScan identified some [wallets](https://bscscan.com/address/0x71d934aa2119ca3995f702f075d540f7a6b0f728) as being associated with what it called a “rug pull” of Squid. One of them swapped $3.38 million worth of Squid into BNB and then sent it tornado. Never to be seen again. + +**One year on...** + +Incredibly, as is sometimes the case in crypto, the coin is still alive. Sort of. It is now completely uncontrolled and is nothing more than a community token passed around for random speculative trades. A quick glance at [Coinmarketcap](https://coinmarketcap.com/currencies/squid-game/) reveals plenty of interest with the token. Many even believe the one year anniversary will lead to a big gain. +Reddit - + +I need help real quick. I applied for a job as an independent contractor (1099). I joined a google meet interview and next thing I know I have the job. Before you decide whether it's a scam or not I'll give you all the details. + +There were 3 different positions available for this company. 1 of them had no fee but didn't pay as well as the others. The contract asked for my SSN which I thought was weird at first but read into it and asked some people and basically said fuck it. + +Next they wanted $150 for some hiring fee or something as they use this to make you business cards as well as send you company products such as shirts and hats and whatnot. Compared to what I could be making that money is nothing. But it's more about the principal and I have a feeling the second I pay I am never gonna hear from them. What I am thinking is I start off working the "free" position for a bit to make sure it's legit work and then pay the money to move on to the higher commission position. What do you guys think? +Hello everyone, + +I have been a member of this sub for quite a while, and though I have been inspired by many, most of the posts here seem to be written by those who already on the FI journey for quite awhile, and sometimes its hard for me to relate to.Most of my saving was used as a downpayment for our first apartment with my spouse, and I started saving again almost from 0. + +Before we got this place, we made a decision not to buy anything major (furnitures or devices) for the new home, except things like absolutely necessary like lightnings and so on. It's been only a few months after the purchase of the apartment, but we have replaced our sofa, most of our kitchen wares, got new coffee maker, microwave, made the cat its own catio on the balcony, new sets of linens, etc. Reasons are because either something broke, or too old or ugly and didn't fit into the new place. I also upgraded to the new iphone, and the old one went to my spouse as her old phone battery is dying fast and unreliable. But you get the picture. + +Now we don't have to finance any of those purchases, but it means the saving stash grows quite slowly, and though I understand the mathematical part of saving, it still feels so little and sometimes i just want to treat ourselves a nice dinner or a day out doing something fun. It sounds like we are the basic consumers, but we were very frugal in the past, especially when both of us were studying. Most of our stuff were old, or given to us, and when we moved into the new place, the apartment has a newly renovated kitchen and bathroom, and all of our stuff suddenly looked like an eyesore. To be honest, I am happy with how our place looks like right now, as I reasoned that those would be 1-time purchase for quite awhile. I also feel like I don't have as strong motivation to save as before the apartment purchase, but I definitely want to be FI. + +My question is when it is a lifestyle creep, and when it is not? How do you justify these impulses? + + +Edit: Thank you everyone so much for your comments. I have received a lot of good advice here. For context, we are living in Finland so we don't have the investment systems like Roth or similar kinds like in the States, but I pay about 7-8%/month for social security (or state pension fund) & unemployment fund. Meaning if something happens and I lose my job, I would get unemployment compensation for roughly 75-80% my monthly salary for about 6 months while looking for a new job (or more - maybe, i never really look into it). + +We both had small investments in some basic index funds & we didn't have to sell them when we purchased the apartment. We keep our finances separately for tax reasons, and have a mutual account for family stuff. Beside mortgage, we don't have any other loans. We both have about 2-3 month salaries for emergencies, and we don't touch them if we want to buy things like phone or furnitures and so on. + +We keep a relatively low cost lifestyle but like some people pointed out, probably we had been too frugal in the past and when we bought the place, we sort of went overboard. We do maintain a budget but it's only for the mutual expenses. + +Now I will try to set up some sort of discretionary money like some people have suggested, i think it's a really good idea. +It has been so frustrating lately, and I understand that it is a good thing over all to see this much traffic, but this is ridiculous. Imagine if you had to pay an additional 50% on every transaction at the store? The whole thing has completely put me off of Ethereum at least for now. I know I'm going to get a lot of crap for this, but today I completely converted my ETH to other coins, all except what I have staking on Coinbase. Maybe I'll come back when I hear this problem has been fixed, but until then, I'm moving on to other projects. I do know I can't be the only one who feels the same way though. +Just sharing my own thoughts on the dynamics of what could occur. + +People have to understand are there will be funds and institutions exiting well before the moon. Pre $1000 dollars pre $10000 dollars. By "pre moon" I mean that those price levels may not be caused by shorts closing positions. + +Those price levels could be reached due to true price discovery due to manipulators going bellyup coupled with FOMO. + +The play for hedgefunds and longs alike is to get a retail selloff on the back of the Vanguards, Blackrocks, pensions, etc exiting their positions at these levels. + +Understand, there are no friends in this. + +Institutions will collect their profit and if retail paperhands, all the better. They can use their profits to buy paperhanded shares before clearing houses are even a factor. Then the squeeze ACTUALLY jumps off, retail is locked out in the cold having paperhanded, and they just settle behind closed doors. Maybe they take positions of the defaulters in lieu of cash increasing their market control. Who knows? Certainly not retail if they bailed at 4 or 5 figures. + +Retail HAS TO ANTICIPATE there being a huge runup, then institutional selloff. + +Retail has to understand that it could be a MONTH before a clearing house STARTS liquidating someone that failed a margin call. + +They are betting we will be dumb money to the end, sell early and sell low before clearing houses even come into the picture. When things start happening it will be an exciting time for everyone that embarked on this journey. It will be emotional for many and that is what will make it dangerous. You absolutely have to be disciplined and stick to your plan, regardless of all the craziness that will be leveled at you. Ignore the media blitz. Ignore social media. Know and understand the DD. + +Set your floor. + +Set your target prices. + +Believe there are apes out there holding with you. There will be. + +Diamond Hands. 💎 👐 + +See ya'll on the moon, whenever. But we are going. +Hello, individual investors! + +I must say, I'm very pleased with my investment so far. + +NO DATES! + + +However, here are some dates of interest! + +Let's talk about OATS! No, not the kind found in your Lucky Charms, but the Order Audit Trail System! + +&#x200B; + +**WHAT IS OATS?** + +I'm glad I asked! Let's dive in: + +&#x200B; + +https://preview.redd.it/o0sq6djljec71.png?width=1106&format=png&auto=webp&s=6657a10d13871d958315621905b877267e3121bb + +&#x200B; + +https://preview.redd.it/lvn6r7spjec71.png?width=632&format=png&auto=webp&s=09bc9e1e600ed48a81b1d4326d018099786a592b + +Want some interesting history? Well, the OATS system was established in 1998. That's right! Over 20 years ago! It's basically an order tracking system that is designed to **re-create events in the lifecycle of an order and more completely monitor the trading practices of member firms.** + +Now, the reason why they implemented the OATS system is quite interesting. + +Back in 1991, there was a hearing conducted that involved ***THE SALOMON BROTHERS,*** **who is now CITIGROUP GLOBAL MARKETS.** + +What's so special about Salomon and Citigroup Global Markets? + +Well, the book-keeping manager for $GME JUST SO HAPPENS TO BE SALOMON SMITH BARNEY! + +The hearing that I'm referring to is a hearing regarding a Treasury Bond scandal that Salomon Barney was caught in, and they had no other than Warren Buffet come in to clean up their act. + +Here's an excerpt from the hearing: + +&#x200B; + +&#x200B; + +https://preview.redd.it/xlgct83skec71.png?width=1110&format=png&auto=webp&s=511abd5e1ff6089635c56cb2bf9c4818417e94ed + +Buffet goes on to say " and a spirit about compliance is as important or more so than words about compliance. I want the right words and I want the full range of internal controls but I also ***have asked every Salomon employee to be his or her own compliance officer."*** + +**Ah! What a solution, Buffet! Have them be their OWN compliance officer! What could go wrong!** + +Basically, they criticized Salomon brothers for their fraudulent acts, brought up the fact that most volume was executed ***OFF EXCHANGE*** and were concerned about how much power Salomon Smith Barney had. ***Sound familiar?*** At the time of this hearing, they were the biggest bank on Wall Street, and later on would become the ***UNDERWRITERS FOR GME.*** (Handled their first IPO offering) + +Interestingly enough, they also accused Salomon Brothers for causing a ***intentional short squeeze*** in the Bond market. Full circle? + +**One final note related to Salomon Smith (tinfoil for a second)** + +I'm just going to leave these right here: + +&#x200B; + +https://preview.redd.it/ywdvk1f9lec71.png?width=1054&format=png&auto=webp&s=533b6ea8daafa43e7dcf60be3b2554971bc5da85 + +&#x200B; + +https://preview.redd.it/rk0zjx6blec71.png?width=851&format=png&auto=webp&s=17441a1ebe4ebf9da8b434d2060096f8bbc403e7 + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Back to the OATS! + +So anyway, the OATS is being retired August 31st of this year, making September 1st the first day that the OATS will no longer be used. + +So you might be asking yourself... ***WHAT IS TAKING ITS' PLACE?*** + +Well, the Consolidated Audit Trail, of course! or the CAT! + +Now, let's look at the CAT, and what it brings to the table: + +The Consolidated Audit Trail, or the CAT, is basically an upgraded ***surveillance system*** that is supposed to ***track*** events during the lifecycle of an order, rather than ***re-create*** events. In other words, they will see interactions taking place between members in real time. + +***I FELL THIS IS HUGE!*** + +***"Charlie, you still have faith in the system?"*** + +"***Absolutely not!" But it's fun to pretend.*** + +So the reason why I think this is a big deal, is because, again, the legacy system (OATS) has been in operation since 1988, and it's now 2021, and we're FINALLY getting an upgrade with big differences. + +Amongst these differences: + +&#x200B; + +https://preview.redd.it/cnhblun4mec71.png?width=1114&format=png&auto=webp&s=eed4176ae3c3a95bcc246fdd6608b927f08919b4 + +Broker dealers, or "INDUSTRY MEMBERS" as defined by the new Consolidated Audit Trail rule, or rule 613, will be REQUIRED to submit customer, order and trade information in "NMS Securities", or exchange stocks and options, AND OTC equity securities across **ALL MARKETS** to the **CAT Central Repository.** + +THIS IS A CRITICAL DIFFERENCE + +The OATS had no accountability for broker-dealers, and we all know the shenanigans that go on between them. (security lending, rehypothecation, etc) + +&#x200B; + +**NMS STOCKS** + +&#x200B; + +https://preview.redd.it/w41eu33smec71.png?width=1109&format=png&auto=webp&s=8d4691dc4c33ec7981f657f9d821d6af65aca6b7 + +As you can see, the NMS rules have been updated to reflect the new CAT: Rule 613. + +[https://www.catnmsplan.com/](https://www.catnmsplan.com/) <-- Great resource to learn more about the CAT + +&#x200B; + +https://preview.redd.it/a7c239w9nec71.png?width=618&format=png&auto=webp&s=b5cf4aacabd351f9ddc59fcc67e8d0bae249a440 + +TL;DR + +The OATS (order audit trail system) created in 1998 to combat the manipulation taking place off exchange, was a system designed to re-create events in the life-cycle of an order to hold member firms more accountable and detect malpractice. + +Over 20 years later, that system is now being replaced by the Consolidated Audit Trail, or the CAT, to actually ***track orders throughout their lifecycle, including OTC, options, and equities, and between ALL members, including BROKER-DEALERS,*** a key difference from the OATS. The OATS will be retired on September 1st, and the CAT will then be implemented! This has taken over 20 years to get out, and hopefully will allow for a better market for us all. (one can only hope) + +&#x200B; + +https://preview.redd.it/rr7vf45goec71.png?width=645&format=png&auto=webp&s=787585827ea43295bee78549a47057e487267e87 + +I LOVE THE STOCK +People have always said your bitcoin gains are unrealised until you "cash out" into fiat. But one day soon people will realise the bitcoin world is far safer than the traditional financial system. Its at that point people in the fiat world will need to "cash out" into bitcoin just to protect their money from inflation and bank failures. + +The real flippening is when people stop cashing out from bitcoin to fiat to lock in wealth, and start cashing out of fiat and into bitcoin to lock in wealth. +Have any of you members become millionaires +from investing in the stock market? If so, how did you diversify, what +was your initial investment, how long have you been investing? Humble, patient, curious. +I'm starting to invest and understand its a slow & steady race. I enjoy hearing your stories +I'm doing my taxes for 2019 (extended deadline) and realized that one of my mega backdoor rollovers for the year was coded as a conversion rather than a rollover on my Vanguard account activity, which means that it's showing up in Box 3 instead of Box 2. I was on the phone with Vanguard for awhile and they were claiming that it should be a conversion because it's from a pre-tax account (even though part of the money may be after-tax) to a Roth account and that it's then up to me to show how much is non-taxable on my return. I think that that's incorrect based on the IRS's Form 1040 instructions, that give the precedent that taxable conversions from a traditional IRA to a Roth IRA are included on Line 4b (for IRAs), while traditional 401k to Roth 401k OR Roth IRA conversions (or rollovers in the 401k to IRA place) are included on Line 4d (the precedent being that it's about the account it's come from, not to, but traditional IRA to Roth 401k rollovers aren't allowed). + +If the after-tax 401k to Roth IRA amount is to be considered a conversion, then the only way I know of showing that most of it is non-taxable is by filling out Form 8606, but that's really for non-deductible IRA contributions (the regular backdoor Roth). There's nowhere in it for non-taxable traditional 401k to Roth IRA transfers. + +Any help would be greatly appreciated, thank you. + +Edit: This is the only info I've been able to find on this. It suggests that a direct after-tax 401k to Roth IRA transfer should be considered a rollover from a qualified plan (meaning it should be in Box 2 of Form 5498) and that there should be no Form 8606 involved. I can't say if this is right though and I'm afraid that Vanguard will disagree with me when they call me back. + +[https://www.bogleheads.org/forum/viewtopic.php?t=252841](https://www.bogleheads.org/forum/viewtopic.php?t=252841) +Like the title says, I am trying to buy a franchise and I was introduced to HomeVestors. I have been speaking with a franchise broker and I am pretty close to signing a franchise agreement. I would like some advice from anyone who is part of this franchise. Is it worth it, is it a solid path to financial freedom? +I am young and still live with my parents but I may be moving out soon. My plan was to buy a multi family property, perhaps a duplex or triplex. That way, I can rent out the other living spaces and have my tenants pay my mortgage for me. With that being said, why would anyone ever want to buy a single family home instead of a duplex or triplex? + +Are there any advantages to buying a single family home over a duplex? Because I simply can't see any good reasons as to why this would be superior over buying a duplex/triplex. Yet, everyone I know (family) all have bought single family homes instead of duplexes and I have no idea why. + +A duplex is cash flowing while a single family home is not. So why would anyone ever want to buy a single family home? +Today, Sunday, February 16, 2020, between 8:42-8:44am ET, u/SwineFluPandemic, once a feared moderator, deleted his account. I'd like to take the time to write this post to pay respects. + +During his 3-4 years on WallStreetBets, he helped grow the subreddit to what it is today. He was known for his AutoModerator work, teaching AI to recognize Robinhood Screenshots via TensorFlow (I think), mass banning script, bot skills, and much more. One of his publicly notable works was the WSBVoteBot, which gave three members the opportunity to become a mod by using the bot as a medium for moderating, myself being one of the three. I am forever thankful for that opportunity and am really saddened to see you gone. I might not even be on WSB today without you. Even though we did not chat a whole lot over the years, nor did we see the same way on certain things, I am always here if you'd like to talk/vent if you happen to be reading this. + +Please take care and be well. +The first U.S. shipment of crude oil to an overseas buyer departed a Texas port on Thursday, just weeks after a 40-year ban on most such exports was lifted. + +The Theo T tanker has left NuStar Energy LP’s dockside facility in Corpus Christi, Texas, along the western shore of the Gulf of Mexico, Mary Rose Brown, a spokeswoman for NuStar, said in an e-mail. The ship is carrying a cargo of oil and condensate to Italy from ConocoPhillips’s wells in south Texas that was sold to Swiss trading house Vitol Group. + +A campaign by oil explorers including Continental Resources Inc., Chevron Corp. and Exxon Mobil Corp. to lift the 1970s-era export prohibition culminated in a Dec. 18 congressional decision to end the ban. + +Vitol, which owns stakes in refineries from northern Europe to Australia, has a second cargo of U.S.-sourced crude scheduled to depart a Houston port within days. + +BLOCKSTREAM VOLCANO LAIR - Blockstream Core, masterminds behind SEGWIT, today released their reaction to SegWit's activation. + +Blockstream CEO Adam Back said on hearing the news, "I am thrilled that our patented SegWit™ technology has been smoothly adopted. Our technology provides unprecedented business opportunities for the entire banking industry, possibly with some other fringe applications." + +On the way back to NSA headquarters, Blockstream psyops engineer theymos gave a statement by phone, saying "As a long-time employee of BitMain, I am proud to have been even a small part of this grand achievement, brought to you by the great folks at the Bitcoin Foundation. While Goldman Sachs does not always get the best reputation, I think that our actions here have thoroughly proven that the Bilderberg Group is merely a normal, benevolent group of people." + +Luke Dashjr, whose UASF support proved essential to SegWit's success, announced plans for a new, non-Bitcoin UASF which would softfork the decimal number system into Tonal, finally addressing the covert deciboost attack which has been ongoing for millennia. + +Although his identity remains unknown, the Supreme Troll Army Commander was heard issuing a command to "execute order 141" to all troll army lieutenants. + +"THE SCREAMS OF THE INNOCENT WILL ECHO THROUGH MY HALLS", said Blockstream CTO Greg Maxwell from his skull throne. He proceeded to carve "1MB" into a shrieking supplicant's flesh while laughing manically. + +All in all, spirits are high and tensions low at Blockstream Core HQ, even despite the ominous timers which fill every wall, slowly but inexorably counting down to some unknown event which lead developer Wladimir will only describe as "an EARTH-SHATTERING surprise which only those who have experienced Bitcoin's TO-THE-MOON journey will be able to truly appreciate." I guess we'll just have to wait and see what's next for Bitcoin! + + +[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!* +With ETH hitting $1635 as of me writing, you may have some questions. How did we get here? Could we have predicted this? Is dad ever coming back from Walmart? Where do we go from here? + +I can answer three out of four: + +**How did we get here?** + +We pretty much had a perfect storm of conditions all aligning at once: + +\-Grayscale announced the reopening of it's ETH trust. This is one of the biggest factors, as it causes a massive influx of institutional investors. + +\-VISA announced additional partnerships and adoption of cryptocurrencies. + +\-Introduction of ETH futures trading. + +\-Volatility in traditional markets due to the short squeeze of GME, among other market factors. + +\-Introduction of new investors to the crypto space due to the dogecoin pump and dump. + +All of these things together caused a skyrocket in demand from day traders, retail investors, your boomer parents, and institutional investors all at once. + +**Could we have predicted this?** + +Absolutely. Take a took at this 1 month chart and see if you can identify any patterns: + +[oh yeah you like that don't you](https://preview.redd.it/h5qid9480bf61.png?width=2635&format=png&auto=webp&s=36df1c69790b25b46e158b0554be267b47f06bfe) + +That's right baby, we're in the classic "Vitalik's Dong" formation. + +From the moment the rally breaks $1k at the taint, you can see a clear pattern form. The price hits alternating higher highs and higher lows, forming the ceiling and base of the shaft, respectively. It starts to condense as we reach the tip and then splooges out into our current rally. Our current price point leaves us at an interesting spot: we're just lightly stroking the top of the shaft. If we can break through, we can expect to see a higher climax to our current rally. If we just edge that top, we may continue back down to the base and see a retraction to $1350. I think our most likely scenario, however, is that we continue somewhere in the middle: along the "golden stream." + +**Is daddy coming home?** + +You're going to have to be a financially independent big boy now, that's what ETH is for. + +&#x200B; + +Hope this helped, taking questions in the comments. +I stopped following WSB since I realized the original members are toxic as f. They shit on everything GME and AMC, Even if it’s a post talking about helping others. I love how Superstonk shows that people can be helpful and positive. Thanks mods! 🙋🏽‍♂️ + +🔥🚀🧑‍🚀🚀🔥 +For years I told myself that I loved the corporate rat race when I was working full time. I told myself that the office politics and infighting and passive-aggressive coworkers who tried to make me look bad so they could gain an advantage over me was all part of a fun game. + +Then a relative died and left my brother and I a fair amount of money. Good money but really not enough to formally retire completely early. But then the office politics and the long commute started to get to me. When I did not HAVE TO work under those conditions, the corporate rat race game didn't seem so stimulating. + +So I got off the horse and moved to an easy part-time job and semi-retired. + +I would love to hear the stories from other people who dropped off the corporate rat race EARLY once they got enough money even though they loved it at one time. +Today is the worst losses I've ever experienced in a single day of investing in 10 years. (Partly because I also have the most money right now, down 6.2% ATM) 9 of my 10 stocks are down right now. So what gives any ideas? Market correction from stocks growing too quickly, followed by people cashing out and panic selling? Perhaps all these big value IPO's have people transfering funds over?? + +&#x200B; + +Would love to start a discussion here. +I woke up this morning from a vivid ~~dream~~ nightmare + +Vitalik was partying really hard in Hong Kong and lost a USB stick with private keys guarding Metropolis. After a scathing Vanity Fair article, ETH momentarily drops to $10. I immediately run to GDAX, trying to BUY BUY BUY. But my computer is frozen, the keys don't work and the price suddenly creeps up. $14.... no... $20.... no.... $30. Got one order in, but only for a few coins. Computer still freezing, need to force-quit programs, everything seems to be timing out. The price is rising. By the time I finally buy, the price is up to $500. I wake up in cold sweat, blink a couple of times, realize that I am in bed, and immediately check my phone. Whew, still $350. I didn't oversleep any legendary drop, either. + +Gf has been imploring me to lay off from watching GDAX 24/7, perhaps she's right + +it's growing.. + +* EDIT** since I posted someone just bought [kittie #1](https://www.cryptokitties.co/kitty/1) for [250 ETH](https://etherscan.io/tx/0xf365be10a326b894cc13ddd3edf55a2db6ec517e1af83741df61fb9b09b37118) + + +* It just passed etherdelta and is now [#1 user of gas](https://ethgasstation.info/gasguzzlers.php) +* look at [historic cryptokittie sales](http://kittysales.herokuapp.com/) + +* r/CryptoKitties/ has doubled the # of subscribers in 24 hours + +* It's accessible on so many levels. My 9 and 10 year old kids set up their own metamask and are trading/breeding cute $1 kittens on the ethereum blockchain while the whales are [spending 50ETH](http://kittysales.herokuapp.com/) on [Founder cryptkittie #2](https://www.cryptokitties.co/kitty/2) + +* we've all spent a lot more on shitter ideas than this. +Just got a Reddit PM asking me to fill a Google form for "EtherDoge" in return. The form fields are + + - email + + - bitcointalk username + + - ethereum address + + - referrer + +Obviously fields like email have hardly something to do with an airdrop, the point of this is to collect emails and ethereum addresses and then either sell them or do some other scam. + +The PM text was: + +> Hey <my reddit username>, + +> EtherDoge (EDOGE) airdrop is happening this week!!!! + +> Token Unlocked: Oct 15th + +> Supply: 100,000,000,000 + +> Distribution 90% to be airdropped from main contract + +> EtherDelta SYMBOL: EDOGE + +> Join: + + > - AIRDROP: <removed by me, contained a link to the google forms> +> - Subreddit: [/r/etherdoge](https://reddit.com/r/etherdoge) + +> Inviting all Shibes to reunite, and revive the Doge community! + +Also, there is some heavy censorship going on in their sub. Definitely avoid this. +Since many of you are looking at new brokers, it's a good time to see which ones allow you to **opt-out of share lending**. Some brokers (**cough** Robhinhood) will happily loan out your shares to people who want to short stocks you own. Did I mention the gobs of money they make doing this? + +The following table compares the *fully-owned* share lending programs offered by brokers, if any: + +|**Broker**|*Fully-Owned Share Lending*| +|:-|:-| +|Ally Invest|\#3: Enrolling in Ally's [Securities Income program](https://www.ally.com/invest/self-directed-trading/securities-income-program/) requires meeting certain requirements and completing an opt-in form. You need to make a call to Ally to unenroll.| +|Avanza|\#2a: Their website says that "[Everyone is included automatically](https://www.avanza.se/konton-lan-prislista/konton/kapitalforsakring/aktielan.html)", with an option for manual [opt-out](https://www.avanza.se/min-profil/installningar/aktielan.html) of the program. However, /u/Snelsel reports that "lending only applies to those who have capital insurance activated. Capital insurance is not active by default. I called them and it did not apply to my ”aktiedepå-konto”. As per their website it is also clear that the receiver is Morgan Stanley. There are several prerequisites for the loaning to happen. One being that Avanza Pensionsfonder is trading the stocks you happen to own." And /u/Insani0us reports that share lending "only applies to Kapitalförsälringskonton and not ISKs".| +|BinckBank (SaxoBanck group)|No info submitted. Feel free to contact your broker, and I will add here any info they provide you!| +|BM mBank via KBC broker (Polish)|\#5: /u/Lamatotalna reports no fully-owned share lending program| +|BMO (Bank of Montreal)|\#5: Their client agreement allows for BMO to lend/borrow shares without explicit authroization from the user, "so long as any Obligations to BMO InvestorLine exist." In other words, they can loan your shares but only if you had a negative margin balance (i.e. using money borrowed from the broker).| +|Bolero (Belgium)|\#5: /u/kama5638 reports no fully-owned share lending program| +|capital.com|\#2b: /u/Obvious-Elk8708 provided the reply from capital.com support, "We kindly note that trading on Capital.com you don't own real shares." capital.com uses [CFDs](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp); the underlying shares can be loaned out since you don't own them to begin with.| +|Comdirect|\#5: /u/FpoonSpork reports no fully-owned share lending program| +|Commsec|\#5: /u/MikeOxxxmal reports in a conversation with support that Commsec shares "are not and will not" be lent out.| +|Degiro|\#1: Share are lent if you have a "basic account" plan. You can avoid this by using a "custody account" instead. The account type cannot be converted, so you need to create a new custody account and then transfer funds over. **NOTE:** According to a customer service email received by /u/LeftyLuke-87, "... share lending at DEGIRO is only internally possible and that it is not possible to lend American stocks. \[If\] your only position is in Gamestop, making a Custody account will not make a difference."| +|eToro (US)|\#2a: Share lending is the default. You can file a support request to opt-out. You need to be firm with them about it, as they will try to convince you not to disable it (it's a big money maker for brokers)| +|eToro (UK, Slovenia)|\#5: /u/Ed_Fire reports a reply from eToro UK support: "eToro does not currently engage in securities lending. However, we may decide that this is the appropriate action to take in the future. Please note that, should we decide to go in this direction, it will not be possible to opt out of this process."| +|eTrade|\#3: eTrade will give you 50% of share-lending proceeds if you opt-in to their [Fully Paid Lending program](https://us.etrade.com/what-we-offer/our-accounts/fully-paid-lending). However, they will loan out your margin account shares regardless of your participation in this program. The only difference is whether you're getting paid 50% or not. So you should either opt-in, or downgrade to a cash account to prevent shares from being lent.| +|Fidelity|\#4: Fidelity will loan out your securities if you have options level 3 or 4 trading permissions. You can phone them at 800-343-3548 and tell them not to lend specific shares (or all shares), which will take effect after a 3-5 day adjudication process and may or may not result in downgrading to level 2 options trading level. (Other uses report success using [Live Chat](https://chat.fidelity.com/ftgw/chat/guest/login_page?verror=yes)). Fidelity ALSO has a separate [Fully Paid Lending program](https://www.fidelity.com/trading/fully-paid-lending) which will allow you to profit from lending your shares, but you need an account value >= 250k to be eligible.| +|Freetrade|\#5: /u/ancientgreenthings reports no fully-owned share lending| +|Hargreaves Lansdown|\#5: [/u/No\_Run3357](https://www.reddit.com/u/No_Run3357/) reports no fully-owned share lending program| +|IG (UK)|In conversation with IG support, /u/whiskyteats reports that IG does not lend shares.| +|Interactive Brokers|\#3: IB's [Stock Yield Enhancement program](https://www1.interactivebrokers.com/en/index.php?f=46942) can be found under Settings --> Account Settings on their website (last item on right-hand pane). Default opt-in when you signup with them with a margin account. However, a credible individual also reports that "IB reserved the right to lend the stock", regardless of whether you opt-in to the Stock program to receive your cut. You cannot disable this, at least for IB users trading in Germany. This may or may not apply to other countries too, we don't know at this point.| +|J.P. Morgan Chase Self-Directed (formerly You Invest)|\#5: "Margin trading is not available on Self-directed accounts so your securities are not lent out and do not participate in any lending programs." JP Morgan reply reported by /u/terholan| +|M1 Finance|\#2b: M1 [loans out your shares](https://www.m1finance.com/blog/how-m1-makes-money/). You are auto enrolled unless you email [support@m1finance.com](mailto:support@m1finance.com) and request to Opt Out of their Securities Lending Program.| +|Merrill Lynch|\#3: Merrill appears to offer a [Securities Lending Program for margin accounts.](https://www.seclending.ml.com/) No info yet on their opt-in / opt-out policies.| +|Nordnet (Sweden)|\#2a,3: /u/cornersafe1 reports that "If you have a “investment account Zero / IKZ”, you have to [OPT-OUT](https://www.nordnet.no/no/tjenester/kontoer/investeringskonto-zero/utlan-aksjer)". Nordnet also offers a separate [stock lending program](https://nordnetab.com/stock-lending-program-give-the-savers-additional-return/) which is only enabled when you opt-in, but this only applies to [lending out Nordic shares](https://www.nordnet.se/se/marknad/aktier/aktielaneprogrammet) per /u/Sparrowy.| +|OnVista|"They never lend out your shares" according to a user who spoke to onvisa support.| +|Qtrade|\#5: No fully-owned share lending program per /u/crscrs5 conversation with Qtrade support.| +|Questrade|\#5: ~~One Canadian user reported that Questrade loans out their shares regardless of account type, with no way to opt-out~~. Multiple other users have reported conversations with Questrade that fully-owned shares are not loaned out. [Conversation with Questrade support](https://imgur.com/i5SjED9).| +|Public.com|\#2a: /u/salientecho reports that public.com has "fully paid securities lending **turned on by default** for cash accounts and **do not** have an in-app setting to change it" and that "you must contact customer support to opt out."| +|RBC Direct|\#1: /u/bethebenoodle called RBC and was told that shares shouldn't be lent out with TFSA or with cash accounts. No info about how fully-owned shares are treated in margin accounts.| +|Revolut|\#5: [/u/polenta2025](https://www.reddit.com/u/polenta2025/) and [/u/robertino129](https://www.reddit.com/u/robertino129/) reports that this broker does not lend shares.| +|Robinhood|\#1: The [RH website](https://robinhood.com/us/en/support/articles/how-robinhood-makes-money/) says it makes money by loaning your "margin securities". Switching to a Cash account should prevent this. They also loan shares bought on instant-deposit and shares purchased with unsettled funds.| +|Saxo|\#5: [/u/Jaded\_Voice6422](https://www.reddit.com/u/Jaded_Voice6422/) reports no fully-owned share lending program| +|Schwab|\#3: [Security Lending Fully Paid Program](https://client.schwab.com/secure/file/P-5182696/MKT33373-05.pdf) (SLFPP). Some users reported they were opted-in by default, but you should be able to opt-out if desired.| +|Sharesies (AU)|\#5: Their support rep says they [don't lend shares](https://i.imgur.com/6w4ImU8.png).| +|SoFi|\#1/2a: Your Active Invest accounts may be involved in securities lending. If you didn't buy the shares on margin, call SoFi at 855-525-7634 and ask to opt-out of securities lending for your fully-owned shares.| +|Stash|\#3: Stash offers a [securities lending program](https://learn.stash.com/securities-lending) which you can opt-in or opt-out of as desired| +|Swissquote|\#5: /u/Arduou reports in a conversation with support that they do not lend shares.| +|Tastyworks/TastyTrade|\#1: Conflicting user reports. Some users report Tasty only loans shares bought on Margin just like TDA. Others are reporting that Tasty will loan out your shares in a margin account, regardless if they were bought on margin, and that downgrading to a Cash account is the only option to stop lending, and that you can do this by filling out an "[Internal Transfer Request](https://assets.tastyworks.com/production/documents/internal_transfer_request.pdf)" form, and submitting it to [accounts@tastyworks.com](mailto:accounts@tastyworks.com)| +|TD Ameritrade|\#5: No fully-owned share lending program| +|Tiger Brokers|\#5: /u/jiaweisiow reports a conversation with Tiger Broker support that they do not currently have any share lending functions.| +|TradeRepublic (Germany)|Multiple users reporting that TR does not lend shares.| +|TradeStation|\#3: /u/whaddupmonica reports in a conversation with support that shares can only be loaned "in equities accounts that are enrolled in fully paid lending". This appears to be disabled unless you deliberately enroll in their share lending program.| +|Trading 212|\#1: [/u/KingSkegness](https://www.reddit.com/u/KingSkegness/) reports that share lending opt-out is not possible for Invest accounts, but is supported for ISA accounts.| +|US Bancorp Investment Management|/u/skrimskram reports on a call with US Bancorp that "they don't lend out shares/securities unless you have a margin account. If you do have a margin account, then I believe share lending needs to be authorized."| +|Vanguard|\#5: No fully-owned share lending program| +|Wealth Simple|\#5: No fully-owned share lending program| +|Webull|\#2a: Webull loans out your shares, regardless whether you have a Margin or Cash account. You can opt-out on the Webull app under Settings --> Account & Security --> Brokerage Account --> More --> Stock Lending Income Program --> Exit| + +**Reasons you might want to disable your share lending settings include:** + +1. You don't want to lend your shares to people trying to short your stocks +2. You think the person/entity loaning your stock may not return them +3. You're not being compensated well enough (or at all) for putting your stocks at risk + +These programs are complex and highly variable depending on your broker. Without getting into all the details now just now, you should be aware of the most common types of lending: + +* Brokers reserve the right to lend out securities **bought on margin** (in other words, with borrowed money from your broker). **To avoid this type of lending, don't buy stocks on margin.** As far as I know, this is the case for all brokers that offer margin accounts. (However if you have explicit confirmation to the contrary from your broker, feel free to provide it here!) + * Same deal with unsettled trades. Your broker will loan out shares you bought until they are required to "really" deliver them to you at settlement 3 days layer, which also applies to cash accounts. Additionally, your broker can lend out shares purchased with unsettled funds in a margin account. You can only minimize this by trading less (in the first case) and not trading with unsettled funds (in the second case). +* Most brokers can ALSO lend out your fully-owned shares. Brokers will do one of the following: + +1. Lend out **fully-owned** shares purely based on the **type of account** or level of trading permissions you have (e.g., Margin account type). The only solution in this case is switching account and/or trading permission types. Example: Degiro +2. Lend out **fully-owned** shares **regardless of account type** (even Cash accounts). + 1. Some brokers **allow you to opt-out**. Example: Webull + 2. Some brokers **do not allow you to opt-out**. Your only recourse to avoid lending is switching brokers. Example: M1 finance +3. Lend out **fully-owned** shares in a Margin account, and giving you a **portion of the profits**. These programs vary widely in the way they work. Some require account minimums (Fidelity requires 250k+ account), or will only loan domestic shares (e.g. Nordnet), among other caveats. +4. Some combination of the above +5. None of the above (i.e. no lending) Example: TDA, Vanguard + +So yeah, every broker does it differently. The numbered scenarios here are referenced in the table above. The table only addresses **fully-owned share lending**, because the ability for your broker to lend your shares bought on margin is (as far as I know) the same with all brokers. +Single 27M here. I'm worried that settling down and having kids too early will derail my fire plans. My goal is to have enough rental properties to give me 100K in rental income after taxes and expenses. I'm hoping to get there by age 35. I'm definitely not going to get there if I have to spend part of my paycheck on daycare and other childcare expenses. + +I'm committed to my plan but I am already starting to see people I went to high school and college with start to get married and have kids even though they're in my age range. I know that my strategy is going to give me a better life a decade from now but I am having to deal with that nagging sense of isolation as people around me seem to be choosing different paths. + +I just want to know if anyone else has been in the position of having to delay starting a family in order to first reach financial independence. +On Aug. 16th 2021, Solana flipped Uniswap (now rank 17) to become a top 10 crypto. Below is an image of the top 10 at the time the flip occurred. + +https://preview.redd.it/gznz567mxky91.png?width=860&format=png&auto=webp&s=c1d47e94f343a15e97c5c8eb311f1783d2642de4 + +Since then, Solana shot up in value, skyrocketing from $63.86 to over $250 (and becoming the number 4 crypto) just under 3 months later on Nov. 05, 2021. However the 2022 bear market has been particularly hard on SOL as it's currently down \~88% since the ATH. Outage after Outage over the last year has caused this novel Proof of History blockchain to bleed out its market cap. + +Now just 448 days after becoming a top 10 crypto SOL has officially been flipped by MATIC and fallen out of the top 10. How long the flip lasts is another question, but for now SOL is out of the top 10. + +&#x200B; + +https://preview.redd.it/7h2wi4f4vly91.png?width=1179&format=png&auto=webp&s=3696e20c492a91d3b2511b318d2e7094a5e8016c +So following u/Habe's [lead](https://www.reddit.com/r/financialindependence/comments/7xasz7/setting_your_child_up_for_fire/) my fiancee and I have started up a Bank of Mom & Pop account for our seven-year-old son. Previously he was always talking about how much he wanted to save up a certain amount of money in order to spend it all on some splurge. So I set up an Excel sheet that not only kept track of how much money he had but also had graphs of his "account" history and what he can expect from interest over the next year if he doesn't spend his money. We give him 0.5% interest on the 1st and 15th of each month. Also, he was having trouble focusing and staying on task in school, so we decided to help incentivize him by paying him $1 for any homework/at-schoolwork he completes to some level of satisfaction (e.g. no scribbling, following all of the directions, etc.). This started on February 14th and just tonight after doing the interest payment (I'm having him do all of the spreadsheet maintenance in order to teach him a bit about Excel, too) he told me how he was going to wait until he had $100 in his account to buy Minecraft, which he's been hoping to buy for the last couple of weeks. It's a baby step, but I think the idea of compound interest is starting to take hold! Just a month ago he would have immediately gone out and splurged all of his money on the latest fancy toy to hold his interest; now he's thinking about how saving will set him up for success in the future and give him more opportunities. +MCFE declared a special dividend and I, thinking I'm smart, bought 30 puts, thinking this will pay off nicely after the special dividend date. + +Little did I know, but the 30 strike puts I bought magicaly turned into 25.5 strike puts this morning. + +Chalk another one up to market tuition... +Looking to invest into the market with a little bit of money and see how it goes. I have a couple ideas in mind but I’ve never invested before and am seeking some possible advice or ideas. Anything is appreciated. Thank you +[The beast is growing!](https://preview.redd.it/om4eohkucqy61.png?width=1534&format=png&auto=webp&s=704017fd96e28f8e3e54d81cf7e14ca3b7c0c16a) + +**Thank you everyone for the love and support!!! I am so happy to see people are able to understand the mess we are seeing!!** + +&#x200B; + +The Infinite Loop pt. 2 and 3! + +\*The regular stuff: this is not financial advice, I am not an advisor, please take this with a grain of salt, research it more yourself… yadda yadda.. On to the good stuff\* + +Here it is guys… most of part 2 and some of part 3! + +\*If you have not read Part 1 here it is- [https://www.reddit.com/r/Superstonk/comments/n4j3zo/a\_mind\_map\_to\_help\_follow\_the\_money/](https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/) + +\*\*LINK TO THE MAP\*\* [http://go.bubbl.us/b7f901/25d0?/The-Loop](http://go.bubbl.us/b7f901/25d0?/The-Loop) + +TLDR: Bearish Side is pretty difficult to find! I put in what I could of Citadel, and people really don’t seem to want to do much with them! Housing Bubble is growing… take a look! Other than that.. you know the drill! Reading holds the key to the map! (Starting to feel like Charlie… “Who is Pepe Silvia?”) + +As I said previously, this is an ongoing mind map, and the more I research and dig around, the more will be added to this! + +Let’s dive in! + +The good news: + +I have been able to lock down Citadel, and where they are at in the map. I have found quite a few institutions have 13F filings for Citadel, but no one actually wants to have any ownership of them. So far Wells Fargo, JP Morgan and Bank of America are the ones that are taking a chance on them ( at least from what I have found..). I have also found the 17 broker/dealers that utilize APEX Clearing as their clearinghouse! Interestingly enough, Robinhood does not fall on this list. I will be adding the other broker/dealers and their clearing houses soon. + +Some of the names that stuck out to me are M1 finance, Webull, WealthSimple, Ally, and Firstrade + +I have not completed the ones who have a PFOF with Citadel, but it’s coming. (I am only 1 person). + +If you cruise on up to the purple/red bubbles you will see that Citadel has not only shares bought in Vanguard and Blackrock, but they have also decided to place options on them as well. Doing what hedgies do best, I guess. + +Moving on up to the north side of Citadel’s bubble, we see 1 13 D/A filing (there are more, but not relevant to this…). I found that they have a little bit of control ownership in Susquehanna! The same one that is up with our good friend GAMESTOP! + +Citadel is truly the only one I could pin down to being at the center of the mess going on, and the other hedge funds do not have any major link to them. + +THIS IS A GOOD THING! + +The more I tried to find the bearish side against AMC and GME, the more I found that they had even MORE backing on the bullish side. + +At the very top, where my random banks were, we see Charles Schwab has 1.23 Million shares of Gamestop and 1.77 Million shares of AMC. They also have 13F filings for Vanguard and BlackRock. Moving over to the left I found that Bank of America had 13 G/A filings from Berkshire Hathaway (a whopping 1.032 BILLION Shares), Vanguard, and BlackRock. BofA also had investments in BlackRock and Vanguard (along with Citadel and Point72). There are others, but this map would NEVER end. + +Deutsche Bank had a 13 D/A filing from BlackRock and had a 13F filing for Citadel. + +From what I kept seeing, MOST of the banking institutions have some form of investment into Citadel! Concerning? Not really… Because the almost all that has been invested is so tiny that the banks may only feel a slight pinprick from their investment, in the event Citadel ceases to exist. + +The powerhouses are proving to be on the right side of history this time, which is good for economic purposes. + +Or are they? + +Part 3. + +If you notice, there are two new bubbles coming from Vanguard: Invesco and BlackStone. + +We know Invesco Kenna… But who is BlackStone? + +I am SO happy you have asked that question! Let’s head down to the Housing Bubble that is forming. + +I am so thankful for my husband for helping to piece a lot of this together! His background? He is a realtor himself and enjoys tracking the market! He started noticing some dangerous trends within the market itself and wanted to dig more into it! He started this research a couple months ago and found that we are gearing towards ANOTHER 08 situation. + +People are taking out more subprime mortgages recently, and the fascinating thing is… that it is for rentals! Rental homes have a little more leniency on borrowing since it is for income, and the big investment institutions figured that out. BlackStone SOLD the FIRST single family rental securitization in 2013 for $479 Million! + +I Could do an ENTIRE write up, but my husband did an EXCELLENT job dictating his points ON the map… So, I will leave you be for a moment to follow the chart! + +The only Key you need for that section: + +Subprime Mortgages: + +Green- STILL AVAILABLE (one way or another, it could be tricky… but there are lenders for these) + +Red- NO LONGER AVAILABLE + +\- + +\- + +\- + +Welcome Back!! Hope you found that interesting! + +The last thing for this DD is the Housing Insurance Bubble! + +A few months ago, we saw whispers of notable names from the ‘08 era looking into a bubble revolving around homeowner’s insurance. The idea was that Climate Change affected zip codes would see an increase in their premium costs. In turn, the monthly cost would be substantially higher than what the owner originally agreed upon. Between the pandemic, and people normally taking out the max they can borrow, their shoestring budget becomes even thinner! Therefore, while interest on the mortgages were low, people in areas where fires, hurricanes, floods and/or tornados occur would see their payments fluctuate drastically! The unfortunate side effect will be people being unable to make their payments, and we could see more people being foreclosed on! + +If you will go to the bubble just south of the CDO/BTO web, you will find my area where I am starting to gather article and will be posting stats for updating purposes! + +Please note: ALL OF THIS APPLIES to commercial real estate as well as residential! + +\------------------------------------------------------------------------------ + +Thank you for taking the time to read through everything and follow along! As far as I can see we are heading towards something pretty incredible… and history books will talk about this for centuries! + +Be kind to one another! + +Lastly… TO. THE. MOON!! +Hi and thanks for reading. +I have small income of $2356 per month from my new job at a nonprofit. I signed up for PSLF and IBR for my student loans $65,000 due Jan 2021. Approximately $150 a month for my student loan. + +I have two credit cards from being disabled, unemployed, homeless, and in grad school for one year. I’m making the minimum payments. I have $400 in my savings account. My discover card is $6970 and I’m paying $75 a month on it. Should I start paying $400 a month on Discover to eliminate it so I can focus on my higher credit card sent to collections with over $9k I’m making payments on that one for $88.15 a month? + +I’ve managed to get my rent to $325 a month and I do have other expenses. I made a budget and I have about $1200 remaining for these expenses. + +I appreciate your advice. Thanks for reading this! + +Edit: Discover is awesome and they’re going to let me do 50% lump sum payment. They even have a matching program where if I pay $500 they’ll match. I’m going to save up and do it once this year and in January. So I’ll be paying off $2,447.50 and making payments of $410 a month for 6 months. + +The debt collector was a bitch and wouldn’t tell me what the lump sum payment could be. She said I have to suggest it, she’ll get it approved, and then I have 30 days to pay. I called my bank who owns the debt and they said to talk to another debt collector since she’s wrong. +I’m about to be jobless. My 401k is $120k. Another post got me thinking, about a Roth. Current Roth is about $100k. IRA is about $800k. Since I’m 56 with health issues, I want to limit income to get a rebate on ACA insurance. Do Roth vs IRA withdraws affect “income” amounts for ACA? Wife is 1099, $10k to $40k per year. I generate $110k of cash flow into my accounts via options and dividends. +Hi community! + +What is your preferred way of maintaining a financial guide for your spouse/partner in the event you pass away? Do you prefer to keep a running document that they have access to? Something else? + +What works for you best? And what are your considerations of what all information to include in such a guide? + +Thank you! +So I'll give the shortest version of this possible. + +I had to move 401K funds from an old employer plan to a new one. I started the process back in early March. + +I initiated a 3-way call first calling my new plan provider sharing what I wanted to do. I then added my existing plan provider to the call. + +I know these calls are recorded typically and there would be a record with both companies of what was said and when. + +The agent from the new plan gave very clear and concise instructions to the existing plan provider with exactly how the check should be made out. + +Almost unbelievably, my former plan provider did not have an option for express shipping on my funds check. It was sent via standard US Mail which is mind-boggling to me. + +11 days later, the check arrives. It was made out incorrectly and my new plan provider could not accept it. + +I then conducted another three-way call and the agent for my new plan once again gave clear instructions on how the check should be made out and had the agent for my existing plan repeat the instructions. They of course had to issue a stop payment on the original check which took approximately 10 days. + +Just yesterday I received the correct check and used the app for my new provider to deposit the check. + +The existing company, charged me a $30 stop payment fee to correct their error. The replacement check was $30 less than the original one. When I received the replacement check, I thought about calling right away to address the issue but that only would have resulted in another stop payment order and another 10 to 15 days delay. After the funds have cleared with the new plan provider and they are showing as deposited in my new account, I will then address that with the former plan provider. + +For me, the biggest frustration here is not only the hours spent on the phone to deal with all this, but the loss of interest on my new funds not being deposited into my new plan. + + +The difference in professionalism of agents of the two companies was astounding. My former plan provider were at times difficult to understand over the phone. As well, I believe they were not always working in a call center as on one of my first calls, I could hear a TV and kids playing in the background. + +A couple of questions here: +What is the liability here, if any, for my former plan provider? + +Do I have any recourse? + +I am not mentioning the name of the former company here because I do not want to have this post deleted. If I am able to mention the name of the company, I absolutely will. + +A quick side note here, I have always believed that you catch more flies with honey than vinegar. I have used that approach throughout my life to receive fantastic service and exceptions to standard policy. I always treat people with respect. + +Thanks for the input here. +I took up an executive admin position in late June and at first I thought it was okay. A bit to learn but nothing I can't manage. Another couple of weeks go by and I'm dreading going into work now or even WFH. I don't think I'm a good fit for it. The workload is fine (especially compared to my last job in a hospital, ugh) but it's just not really of my skillset. Also the job is pretty much 1:1 with a manager who knows what exactly what they want but doesn't really convey it properly and inevitably gets disappointed when the documents I create aren't a perfect replica of what was in their head. + +There was also next to no training, they are always in meetings or out of office and unreachable. I just had to pick things up on the fly. For the record, they're a great person and have never been rude to me or anything (to my face anyway) but I'm just getting to the point where I'm as miserable as when I was working at the hospital, and it's really hurting my self esteem. + +&#x200B; + +I'm currently doing uni part time, should I just go full time and leave this job? Would this be considered unprofessional or hurt my career advances? My manager is quite well known in the medical space. + +&#x200B; + +Thank you +I've noticed by quickly referencing [Moonarch](https://moonarch.app/) that most meme coins significantly rising at alarming rates in a matter of minutes either have insufficient liquidity to actually trade back when the buyer goes to sell, or they just don't have liquidity at all. + +$6 seems to be a trend. +For pancakeswap to actually allow you to sell your new deflationary tokens, bare minimum you would want is a few thousand dollars in liquidity to exist. + +I personally wouldn't invest in anything with less than $100k liquidity, but given it seems I have very different values in this market, ~~$10k~~ $25k honestly should be the minimum liquidity you're looking for. + +here are tools that can help you quickly check liquidity: + +#BSC TOOLS + +1.) [Moonarch](https://moonarch.app/) as i mentioned includes lists of trending assets. simply tapping the name activates a popup that reveals the total liquidity staked on exchanges + +2.) [Bogged.Finance](https://charts.bogged.finance/0xB09FE1613fE03E7361319d2a43eDc17422f36B09) charts allow you to search any token address, and it will give you a more in depth view of liquidity, including the value of each LP Token, which exchanges they're staked on, how much is staked on each exchange, and the total amount of liquidity staked between all exchanges.(scroll to bottom of chart page for this) + +3.) [pancakeswap.info/token/[replace with your token address]](https://pancakeswap.info/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82) is the in-depth look at trading and liquidity from PCSs perspective. this also includes staking and instaking events of LPs on PCSV2 + +BONUS 4.) [redfox.finance/](https://redfox.finance/) is another great tool for BSC, as is DEX.GURU, which is included below in the ethereum platforms. guru works for bsc as well. + +Please never buy any sort of meme token without checking this first. + +a quick scan of Token fomo shows hundreds of new assets are created every hour. some of them are legitimate, but an overwhelming number are not. + +many of them are also counterfiets, using identical names as real assets. + +you should ALWAYS review the address first. Never sinply go by the name of an asset. + +please protect yourself from these scammers. + +they're scumbags who DO NOT deserve your hard earned money. + + +#ETHEREUM EDIT +the tools above are built on binance's smart chain. + +ethereum doesn't appear to have anything quite like moonarch, at least not yet, which is what drew my attention to these assets without liquidity ranking as top gainers in the first place + +however ethereum does have tools to check liquidity. + +*someone inquired about MM, so both of these links below will bring you to its data set on the respective platform* + +*just replace the contract address in the search bar with the address of the coin you want to check, which you can get from [cryptorank.io](https://cryptorank.io/), [coin gecko](https://www.coingecko.com/en), [CMC](https://coinmarketcap.com/) , etc.* + +*or if it's already in your wallet, you can pull the address from [etherscan](https://etherscan.io/) by looking up your wallet address* + +——— + +very similar to bogged ***DEX.GURU*** is a rather comprehensive platform for ERC20 tokens + +[dex.guru/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611-eth](https://dex.guru/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611-eth) + + ***DEX.GURU is also a multi-platform tool. I know it covers ERC20 and BEP20. it may very well cover other popular chains as well.*** + + +and much like pancskeswap discloses information for each asset and trading pair it offers, ***V2.INFO.UNISWAP.ORG/TOKEN/[ADDRESS]*** does the same + +[v2.info.uniswap.org/token/0x6B4c7A5e3f0B99FCD83e9c089BDDD6c7FCe5c611](https://v2.info.uniswap.org/token/0x6B4c7A5e3f0B99FCD83e9c089BDDD6c7FCe5c611) + + + + +***ANALYTICS.SUSHI.COM*** does the same + +Here is sushiswaps full list of their top 1000 tokens +[analytics.sushi.com/tokens](https://analytics.sushi.com/tokens) + + +and if you want to quickly navigate to one particular asset, just click on any one of those, and replace the contract address in the search bar with that of the asset you want to check + +like this +[analytics.sushi.com/tokens/[token address]](https://analytics.sushi.com/tokens/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) + + +[***dextools.io/app***](https://www.dextools.io/app/) +also has some interesting offerings, that will allow you to dive into individual popular dex's. maybe one of the better of this list. + + +[***VFAT-TOOLS***](https://defiprime.com/product/vfat-tools) *(defiprime.com)* may or may not be a good source for other chains... or maybe its just for tracking yield farming and impermanent loss.. not really sure what the hell I'm doing when i open that bad boy up, but if you're a gen Z'er it may feel intuitive. (*however, if you're a millennial who isnt also a software engineer, just omit this whole section... shit ain't for us*) + + + +#🌈LIQUIDITY🌞 +Hello all, + +After reading the AZ Value blog regarding Valeant, I am eager to find more investing blogs that provide similar value. + +What are your favorite investing blogs or investing blog articles? + + +Banking. + +Guess what industry ethereum is decentralizing the profits of (among others...). + + Banking. + +Guess what industry PROFITS $40-65 BILLION (yes thats with a B) PER QUARTER. + +The United States banking industry. + +Wait, let me say that again... + +THE UNITED STATES BANKING INDUSTRY ALONE PROFITS FORTY TO SIXTY FIVE BILLION DOLLARS PER QUARTER WHICH ETHEREUM IS DECENTRALIZING. + +Dharma, compound and maker are only the beginning. + + +BTFD. +the whole idea is not to sell. + +Sell fractionals? Why? To give shorts more liquidity? Enough. + +Keep buying from cs and moving to book..leave the fractions in the shitty plan folder. 200k apes selling half a share each is 100k shares to sell short..don't be a clown. + +Ctb jumping. Puts expiring. Pressure building. What else are they gonna try? We've come too far for bullshit. + +Buy via CS. Move to book. Leave .xx in plan. Terminate sale. Rinse. Repeat. fuck fud. + + +Edit: when you buy on CS you are fucking Kenny over. He wants you to buy from a brokerage so he can get order flow data, etc. Buying on CS and then moving those shares to book is the way. Anyone who doesn't understand fractional shares hasn't bought on CS and therefore is likely a SHF shill trying to cause fud. Additionally I think we should have someone open a poll or use bot data to count the total number of shares we own across all CS fractionals. Clearly the CTB is jumping up as soon as we start sending everything to book. so this data may be relevant. If we own 100k shares across fractionals, that's several times the shorts that are available as of today. That is significant. Can someone set up a poll? +I sell cars + +Customer comes in, has 5k to put down on a car, we run his app and get him approved...however I noticed on the credit report he has a signature loan with a company who is known for their high APRs, I get his app ran again with no money down, bank accepts no change in APR just a higher payment. (BTW we got him 6.5% APR) + +So I sit down with him and basically say "Your approved, but I want to talk to you as a friend not a sales person" he goes "ok" I go "You got a personal loan with X bank, whats the balance, and whats the rate?" + +He goes "Balance is $3,500 and rate is 24% payment is around $200 a month" + +I said "Alright, well I got you approved with 5k down, however you could also do no money down, our rate is 6.5%, so here is my idea. You take the no money down right, and pay off that 24% APR loan completely. Now your car payment will go up by about $100 a month however you will also be paying off a bill thats costing you $200 a month." + +He sat there for a moment and looked at me and said "I can do that?" I said "yea you can do that" he goes "Why did you do this?" I said "Cause I saw the company you financed that signature loan with and I know they have higher rates and I said to myself "I should see if I can get this guy more money to pay down his high rate loans"" + +Guy was flabbergasted, and happily purchased the car from me. He texted me today and said he just paid off his high % note AND off another credit card with the $5,000 we didn't take from him. + +Now on to the pr peeps who will blast me + +* 6.5% APR for his credit rating was a good rate +* He wanted to buy a car, I created the best overall situation for him with the cards I was given + +Edit 1 + +Im not interested in earning business off of reddit nor exposing what dealer I work for. For various reasons. Reddit is my private venting place. Not going give that up. With that being said /r/askcarsales has a team of people like me giving you real, honest advice. Be warned we have a reputation for stomping on toes + +Edit 2 + +Cleaned it up a bit +Relevant details: + +I’m a 4th year biglaw associate at top firm in Texas. Market comp for a 4th year is $320k total ($255k base + $65k bonus). Student loan debt will be paid off by the end of the calendar year. My undergraduate degree is from a Texas private school that’s respected in the state but probably doesn’t carry much weight elsewhere (think Baylor, SMU, TCU). My law degree is from a top 25 law school outside of Texas (think USC, Vandy, Notre Dame, Emory). + +Making partner at my firm is a longshot. A realistic best-case scenario after the 8-year associate track is to stick around as counsel making around $400-450k/year. Alternately, I could probably make partner at a smaller or less prestigious firm. Income there would vary widely, with a range of probably $300k to $1 million+. + +My ultimate goal is to fatFIRE in Texas in about 15 years. Is it worth getting an MBA at some point in the next year or two if my only goal is to maximize income and NW? The part time programs in Texas aren’t the best (I envy those in SF, Chicago, and NY with access to top programs), so I most likely would only consider full-time programs. I don’t love the idea of giving up $750k in income over two years and spending $200k+ on another degree, especially if I were to just end up as an IB associate making less than I do now post-MBA. However, I’m attracted to the idea of improving my credentials and gaining access to a new network. I’d be most interested in pivoting to PE, which is directly related to my legal practice. + +Would any full-time MBA be worth it in my situation? If so, which? HBS/GSB only? Wharton, Booth, Sloan? + +Thanks in advance. + + +EDIT: Thanks everyone for the great responses. I wasn’t expecting near this level of engagement. This is great. I may reach out to a few of you via direct message at some point. +Mine is a graph showing how far ahead or behind of my initially predicted FI date that I am: [https://imgur.com/a/0A8Pkrj](https://imgur.com/a/0A8Pkrj) + +Why? + +1. I prefer to think in terms of my time, not arbitrary dollar amounts +2. Am I on track? Not constantly worrying about "how far do I have to go?" +3. I want to follow long term goals, not today's stock price + +Obviously, I also look at other numbers, but this is the one that I keep coming back to. Really interested to hear what you all are tracking? + +EDIT1: [SPREADSHEET TEMPLATE](https://bit.ly/2zlCqcX) - By popular demand, I've created a template so you can create the same graph +(I did a lot of furious copying/pasting/modifying from the original, so please let me know if you find an error) + +EDIT2: A lot of people are asking for a clearer explanation of why I like this graph. [See this comment](https://www.reddit.com/r/financialindependence/comments/gqdm3y/which_graph_of_your_personal_finances_do_you_keep/frtkho5/) +Hi, I am a completely a newbie to day trading. I was always wondering if it is possible to make trades to get only 2% gain. + +My naive calculation say that a 2% gain may lead to 1.02365 which is approximately 2400 factor. + +Is that true. Otherwise can someone please give an advice. + +Thank you in advance. +So, in December of 2019, I was happily working, making about $67,000 a year in a good position. The work was extremely high stress, difficult and challenging. + +I have a brain injury from years ago that, unbeknownst to me, was developing into a problem with one of the major triggers being stress, especially stress that is caused by executive function high level brain activity - which is exactly what I was doing. + +My body went into full collapse, and I started having seizures. That same month, I was diagnosed with epilepsy, and put on medication, my job cancelled my contract, and I found myself with zero income. + +Unemployment picked me up, and I could comfortably live on what they paid me. Covid broke out, and testing got shoved to the back burner as hospitals got overwhelmed, which prolonged treatment and full diagnosis. + +Unemployment ran out in November 2020. I've had zero income since, and the amount of money I was making before was a short-term contract, so I hadn't been making that level of income for long. In April of 2020, I started selling everything: My vehicle, big items like furniture, and pretty much anything I didn't need. I moved to a small apartment, and adjusted my life so I could fit within the new income level. + +Six doctors/specialists signed off that I could not work. I submitted that to the government. In February, savings were running out, I still had zero income, and was in trouble. I applied for provincial help and now live on $800 a month. My rent is $850. It's not pretty. + +I called today to ask why on earth disability was taking so long to be approved (I applied in December, appealed because a doctor filled out a form wrong and was denied, and they got the application in February 2021): I was denied again. They said they sent me a letter in May, which I didn't get. + +I'm kinda done. + +They say I can work. Six doctors say otherwise, but the government says I need to work. The doctors say I can't. + +So here's the kicker: I was misdiagnosed. I DO have seizures, but they non-epilepsy caused. I have a different brain condition that I will simply have to live with. The medication they had me on for a year was so severe, I was unable to function. + +I was bedridden and non-functional for a year. I don't even remember much of 2020 until I was hospitalized in April of this year in a brain injury facility where they figured out what was going on. + +So now I'm in rehab learning to do skills again and retraining my brain. I will never EVER earn the income I was earning before - I'm incapable of that. My degrees (I have 2) are useless. + +But the government (Canada, btw) has decided that it's just fine. + +I fucking hate today. I just do. I'll be fine tomorrow, but for today: I understand why people pick up a gun and go fucking postal. I've never been so glad that I never had kids and have no dependents. I don't know what on earth I'd do if I had that to deal with when it feels like the entire world doesn't care if I live or die. + +I am but a piece of dog shit on the bottom of the world's shoe. All I want is to be normal again. So now I gotta find a job that I can do and not get fired from because I can't comprehend some things without them checking to see if I'm cleared to work - which I'm not. I want to be able to spend money again: Like, buy a head of lettuce without feeling guilty and wonder how on earth I'm gonna be able to afford it. + +Ugh. FML. + +Sorry for the rant. I'm not usually ranty. But today kinda takes the cake and I needed a space to do it. +Hey, I’m in the middle of a situation some of you may find interesting. + +In process of purchasing a duplex, owner occupying the top unit (since it needs work, so I’ll live and fix it up over the next year) + +Since both units are occupied at start, it’s written in the contract that top unit has to be vacant at purchase. + +Everything’s going fine, I arrive at title company, sign all the documents, get to the estoppel and rent/security checks...and there’s two (prorated) rent checks and two security checks. We had already repeatedly verified that I was buying this owner occupied and needed one unit vacant. + +We speak to the sellers agent, she says the top tenant is moving out today (day of signing). I say I’m not comfortable taking the rent (for the full rest of the month) or the security deposit for a tenant I don’t want. We put funding on hold (money has already been wired to title company at this point). + +While waiting for my agent to talk to sellers agent, I say fuck it and drive over to the place. Knock on the door and talk to the tenant, who says he paid for the whole month and has no plans on moving out. (I don’t think he was being a dick, I think the current owner just tried to be shady with everyone involved). + +So...currently on hold while supposedly the owner will get the tenant out this week. And I’m still homeless. + +TL:DR. Almost got a surprise roommate. Always verify vacancy of units. +I've got the financing to start expanding my rental property portfolio and I've learned a good bit about the process. I have an in-law who is close in age who I get along well with who does renovation work. From what I'm seeing all over, one of the hardest parts of building a rental portfolio is getting work done on houses at an affordable rate. I wouldn't want to take advantage of family and ask too much of him, so the only way I see a partnership forming would be some sort of business partnership. + +For those who have done this sort of thing before, what are the potential problems that arise? Any conversations that you would advise to happen in the early stages, or any specific terms you would have written up in the early documentation? + +Edit: clearly this is a bad idea. Thanks for the advice everyone, I will avoid doing anything in a true partnership. Will instead look to pay per service on individual houses with him, and help him if he chooses to do some of his own down the road. +For example, if I were to say, build a pc that uses a new and rizen 12 core processor, and write it off on my taxes, I know that rules state I can only use it for work. But for how long? Businesses get rid of their equipment eventually. Could I say, use it for quicken and excel for one year, then ""get rid of it"" a year later and still be in the clear? Or do I have to wait two years? Five? Etc... +Hi everyone, looking to start investing in real estate and was trying to come up with the best strategy to find accurate pricing across states to determine where I can get the best deals and whatnot. I'm mainly looking for single family homes to rent out to tenants. + +Rather than using public data, I was thinking of maybe trying to use web data or updated datasets to see if it'll provide a more accurate result of where I should be looking in the market. I.e, data on current rent prices per state or area, average buying and selling price per home, etc. + +Was just wondering if anyone has used alternative data before when they're looking for investments or if they just go out on foot and manually look through listings. Let me know! +We live by Austin TX and our house is way up in value but our interest rate is 3.5% so better to take a heloc to buy more rentals? + +What is the interest rate on a heloc? I need to learn more about this stuff. + + We have a rental that's paid for in Minnesota bringing in $2300 and one in North Dakota that's bringing in $650 but need more rental properties. + +There are a lot of small properties in small towns listed for $100k that bring in $800-$1000 a month. + +I'm a remodel contractor my wife has a corporate job she hates We want to replace her income with rentals in the next couple of years. She's trying to find a 100% remote job. So figured get a heloc before she quits. + +Anyway need some guidance. Thanks +Hello! I’m purchasing a property in Texas and supposed to sign closing docs remotely tomorrow for a Friday close. During the final walk through today, we noticed that the seller hasn’t began moving yet. Not a single thing looked moved, there were dishes in the sink. + +From what I understand, if they become “holdover sellers” and stay past closing, I’ll have to formally evict them. They’re willing to do a leaseback and pay rent for the weekend. It seems like my options are to accept the leaseback and follow through with closing or delay closing. + +Closing lands on a Friday and so maybe they only have time on weekends for moving... + +First question, what would you do? + +Second question, in you all’s experience, how common is it for sellers to follow through and actually hustle to move out versus staying long and potentially requiring an eviction? + +Thanks in advance for any wisdoms you can share! +So I’m looking at my first investment property with a mortgage . I’m trying to run numbers and decide whether its better to put more down to make more cash flow each month or if its better to put less down. For my example, purchase price is 245k. If I put down 40k my cash flow is +358/mo. If I put down 20k my cash flow is +250/mo. If I go FHA (primary residence loan) for 3% and put down $7350 my cash flow is +187/mo. Then I put my numbers together to come up with Cash on Cash return which resulted in 7.95%, 8.8%, 10.5% respectively. The more I put down, the worse my COC;the less I put down the more my COC. So the question is, which is better to have, higher cash flow or higher COC. What are some of the benefits of putting less down? +Not hyping, but was noticing that due to the low ass Volume over the recent past; the "Days To Cover" has been creeping up. Currently in Fidelity it just hit **10** Days to Cover for the Short Ratio. + +Per [Investopedia](https://www.investopedia.com/terms/d/daystocover.asp): + +>A high days-to-cover measurement can signal a potential short squeeze. + +Now, I've heard that >=10-12 is significant (but no real evidence to back it up) so take it with a grain of salt. Basically, I'm just bringing it up as a notification. + +P.S. I've not see it this high in my tracking (since ~Jan 2022) from my screenshots where I was capturing the Quote/CTB. So, others with historical data could chime in with more data if desired (I *believe* WeBull User's can get past data in a Chart) + +[Sauce](https://imgur.com/a/OKYgUTC) + +Much Love!! 💓💓💓 + + +Edit: Adding Some comparisons: + +* SPY: 2.00 + +* Towel: 0.96 + +* PopCorn: 3.52 + +* Apple: 1.25 + +* Tesla: 1.00 + +* XRT: 4.75 (Also note it has a Short % of **511.68%**... lol) +I have simple tastes when it comes to vacations, but I’d pay dearly to have a vacation that wasn’t complete dominated by the normal routines of getting my one and five year olds to eat, sleep, use the bathroom, or just not having to bend to their whims every 5 minutes. There is also the fact that flying with young kids and all their crap is a form of torture. + +What services do you use? Or should I just accept that I’m in baby jail for a few more years? We have tried to hire nannies to come on a few trips and they have either bailed or tried to negotiate to only work 4 hours a day or something. My guess is that more professional services exist, but I have not found them. + +Thanks for the advice! +I always put the pedal to the metal in my working years: working hard, saving money, etc. I never took a gap year. + +A young cousin recently asked my advice about taking the gap year and I was frozen. To me, a gap year at youth in luxury entertainment. + +I do recall a friend who took half-year off after 7 years of high-stress work to recharge himself. Any other high-achiever in my network never took a gap year. I'm curious to hear those who hit FatFIRE, have you ever took a gap year? + +Would you recommend your kids take a gap year **during work years**? If so, when and under what circumstance? + + +PS. Edited: I meant taking a gap year during your work years (switching jobs, for example), especially 20s or 30s. +As the title suggests, i have been recieving survivors benefits for almost three years now and I got a letter telling me I should have and will be getting about 100 dollars more than what I was originally paid. My benefits end this April when I turn 18, can I fight to get backpay for what I should have been paid? + + +You wouldn't believe the things I've seen some people do for this paper that is melting in value faster and faster every day. + +I don't know if you've heard of it, but the cultish behavior around it is crazy. I've literally seen people die over this thing; rob people of their lives over it, and in most cases, rob people of all their time over this thing. + +Heck, I've seen my country go to war with poor countries over this thing, killing hundreds of thousands of impoverished people from poor countries just to protect their paper dollar when its world reserve petra dollar currency status is threatened even slightly. + +It's a sad thing to see when a society is so enamored with a currency that is failing that they will literally work all their lives until their dying day just to try and save what little they can of it, meanwhile, it loses value so fast that everything they need to buy to just to live keeps costing them more and more of this worthless currency that they're struggling and slaving away to save. It's so worthless, that most cannot even afford to save meaningful quantities of it fast enough to keep up with the rate that it loses value. Hell, in reality, most have to take credit just to get by because this thing loses value so fast. Some end up taking loans so large that they can never pay it off in a whole lifetime of work, making them in a sense serfs, or in other translations of the word serfdom: debt slaves. + +You'd think people would realize their currency is shit when lifelong debt is oftentimes their only option to get a roof over their heads or an education, yet everyone in my country loves this paper dollar so much they can't see beyond the charade of its "In God We Trust" and cultish image inscriptions like that pyramid with the eye on top. +Every now and then I call the companies I use just to see if there are any promotions or anything that can help me out. + +Just by doing this I've gotten credit line increases (I'm trying to raise my credit score like most of you I assume) and actually got bonuses on my cards. I also got a better phone plan. + +It takes maybe five minutes per company but worst case scenario you're exactly where you are now. Best case scenario though you get some sort of benefit but asking never hurts. + +For those of you with phone anxiety here's a example of what you should say. + +"Hey there I was wondering if there are any promotions I should know about. Or anyway in which you can help me out. Thank you so much!" + +Just remember to be polite. Best of luck! +*I originally posted this in r/personalfinancecanada and someone suggest I post this here in case y’all have questions. + +I've always been a huge saver, ever since I can remember. + +I came through some hard times at the age of 17, and was on my own and made a cross-country move to Toronto. + +I put myself through university and graduated in 2016. I had paid off all my tuition working 3-4 jobs, with a $9k student loan by May 2016. I would say my GPA suffered slightly by the little amount of time I had due to working so much, which is something I knew I had to sacrifice in order to pay for school. + +A month or two before graduation, one of my part-time jobs promoted me to full-time, but was not in my field. I accepted it and starting paying off my student loan by chucking $1000 bucks at it each month until Nov 2016 on a salary of $40,000. Living in Toronto, I lived in a large (but very old/crappy) basement bachelor for $700 a month, but this allowed me to throw such a huge chunk of my salary at the loan. By Oct/Nov 2016 I had fully paid it off . + +In February 2017 I landed a full-time position in field (yay), making $42k. I realized that since I knew I could pay $1000 monthly to my loan (which was now fully paid off) that meant I knew I could also save $1000, which I continued to do until the fall of last year. + +In the fall of last year, I had moved into a much nicer 1 bedroom apt with my partner, but since we were splitting costs it still was only $750 monthly. My expenses remained generally the same ($200 food, $30 phone, $130 metropass) and I realized I could amp my savings up if I \*really\* restricted what I spent my money on. I challenged myself to save half my salary. + +Some months were hard, but in Feb 2018 I was given a raise to $45k and that's when I began truly throwing my $1500 into my TFSA. Last week, I was given another raise (50k) and now am able to save $1600 monthly. + +Over the course of the past 1.5-2 years, the satisfaction of watching my money grow has been somewhat...addicting? It's strange but there's some sort of high I get from seeing my cash balance raise by the thousands each money. + +I was paid today, and have hit the 30k mark, which for my age (25) I think is not too bad. + +I've got it all stored away in Tangerine 2.5 per cent HISA/TFSA. But here's what I would like to do: + +- continue to save $1600 monthly + +- I’ve been finding means to increase my income in little ways like selling some unused household goods online or Facebook marketplace. This has been pretty profitable for me + +- continue to keep the majority of my money in 'safe' GICs or HISAs because a house, or big future expenses are possible + +- begin to throw $300 of the $1600 into WealthSimple balanced portfolio because compound interest is a thing + +- My company will take 3% of my pay starting in Feb 2019 for their contribution RRSP plan that is mandatory. They will match 3% if I contribute, on top of that, 3%. That would be 6% my money, 3% their contribution. I am thinking this is good, since it's free money and will do this. + +While I definitely have a handle on 'saving', I sometimes get somewhat overwhelmed in the 'what do with it' aspect. + +Wanted to throw my story out, in case anyone had any additional suggestions. + +Thanks, all. I’ve been a lurker on this sub over the past year and it’s really helped me stay motivated. I owe y’all. + +EDIT: I’M A LADY BTW! So many people referring saying “he” and “hey man”. I want to clarify us women save too! Thx. +Not sure if this is the right sub but you guys are always insightful so hopefully I don't look like an idiot right now. + +If a bubble is created when an asset is traded way over its intrinsic value, and student loans are not collateralized (as far as I know?), aren't dischargeable in bankruptcy (for the most part), and are essentially supported by the federal government, how can this be a bubble? + +If anything, wouldn't a college degree be the overpriced asset? And even if it is, I don't see the federal government stopping or even minimizing access to college loans to "burst" the "bubble." + +Is any of this on point? +I understand the ETF share creation process for stocks or smaller classes of instruments with good liquidity. But I can't imagine that it could work the same way for a Bond ETF. + +For example BND (Total Bond Market) could contain thousands of bonds, many of which are very illiquid. However I couldn't find any online resources which show the detailed composition of BND. + +I have two best guesses for how this might work, but with questions: + +1. Such an ETF must have a "representative" composition, rather than total coverage. But then, how is that composition determined, and is every share created from the same selection of bonds? Or, every time a share is issued or redeemed, the composition of the ETF subtly changes? + +2. Bond ETFs are actually actively managed, and their tracking index is more of a guideline for the fund manager, rather than the actual composition. + +In either case composition is not transparent to investors, so how can they be priced accurately? - and how could arbitrage exist between the ETF and underlying index? +I am shaking as I write this. I just came home and my wife told me she got a phone call from the "FTC," and she called them back, spoke to someone with a foreign accent, and gave that person her social security number, birthdate, full name, and the name of our bank. + +She called the bank to notify them, I will call now to verify what they can do. What else do I need to do right now? + +Thanks for your help. +I bought a home two years at the age of 24(yay). Unfortunately I stretched my credit to the limit to afford it and have been struggling to keep above water ever since. My mortgage is 1,700 a month, which is more than I can afford without extreme budget management(I know, not smart). The last two years I've always had multiple renters offsetting my costs by renting rooms but with the pandemic I've lost much of that income by letting my parents occupy rooms for free and by having renters lose income from the pandemic. I am routinely working 20 to 30 hours of overtime at my job to keep above water and I'm tired of it. I want a much better work life balance, so I need to change the situation. I'm a new homeowner though and I'm not sure what my options are. I don't know if I should look to sell, move out myself and my parents to get more renters, or if I should just refinance. I would appreciate any advice. + +Edit to address common questions: My parents don't pay rent because they have been severely affected by the pandemic. They do contribute in buying groceries, taking out the trash, mowing the lawn, dog watching, etc. but while this is appreciated it does not equate to the income that a renter would bring. I am not going to defend the decision to house my parents in the middle of a pandemic, if you can't understand that decision, no words I say could make you understand. Yes I understand that kicking my parents out is the simplist solution, no I'm probably not going to do that. +Let me define "loss" for you. Loss means you bought high and sold low. First of all, there is no loss if you didn't sell. Second, the decision to sell is a personal decision. Nobody forces you to sell before the price goes back up. + +When it comes to Ethereum, the definition of a loss completely implies impatience on the part of the people losing. For a concrete illustration, zoom out of the Ethereum price graph until you see 6 months or more of data and you'll see ginormous gains. + +Take that same logic into the future and you'll realize that as long as you hold, you'll join the enormous gain crowd in time. + +HODL. +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! + +Hello Everyone. + +&#x200B; + +I have been buying bits of ETH every couple of weeks or so, starting at the peak (of course). I have got my average cost down to about $500/ ETH. (Gosh, I would feel a lot better about everything if it could get me up to even...) + +I am getting to the end of my planned purchases and I have a question. + +Is the 32 ETH mark that I have heard about, an actual target that I should go for in order to be able to gain a regular percentage when (and/or if) ETH goes to Proof of Stake instead of Proof of Work? + +I feel like I have a fair understanding of ETH and have heard the 32 ETH amount mentioned in this context a couple of times. To get to 32 ETH, I will go above my planned investment, but if there is a significant reason to do so, I might. + +Any helpful reply to this question would be appreciated, or please refer me to another thread if I have missed the explanation of this. + +Thank you in advance for any response. +Let me define "loss" for you. Loss means you bought high and sold low. First of all, there is no loss if you didn't sell. Second, the decision to sell is a personal decision. Nobody forces you to sell before the price goes back up. + +When it comes to Ethereum, the definition of a loss completely implies impatience on the part of the people losing. For a concrete illustration, zoom out of the Ethereum price graph until you see 6 months or more of data and you'll see ginormous gains. + +Take that same logic into the future and you'll realize that as long as you hold, you'll join the enormous gain crowd in time. + +HODL. +I have been trading the Wheel Strategy successfully and out of nowhere, [I decided to short GME and BBBY](https://alphapursuits.com/options-trading-monthly-report-january-2021/). It's not what I do normally and I got completely screwed. + +I came to realize that somehow we just keep self-sabotage ourselves. I see that in many of my friends and thought I would never do the same. Yet, here I am doing the same. + +Have you had the same experience of self-sabotage? If so how did you overcome it? +Let’s say you earn a bunch of money right before or during a stock market crash. Market hits bottom in the next 12 months. What’s the best place to park that money while the market recovers? + +I suppose I would like to hear about two options: + +Best place for ROI during years of recovery + +Best place for safety against possible continued decline. + +Edit: Wow did not expect such a turnout! Thank you all for your responses +#The rate of new CS accounts over time : + +34,000 in October + +15,000 in November + +17,000 in December + +10,000 in January + +8000 in February + +10,000 in March + +**12,000 in April** + +Awesome job!! + +According to the trimmed average on computershared.net by u/jonpro03, which was recently proven to be highly accurate, the average shares per CS account is now 80.79 and the CS account high score is 150. **This brings our DRS total to 12,118,500 shares as of Apr. 30/end of Q1.** That’s 34.9% of the free float or 19.2% of the whole 63M float! (outstanding minus insiders). + +My biggest worry about how long it will take to lock the float is that once all current apes who might DRS, but still haven’t, actually finally DRS, the CS account high score will completely stop growing. This day is just around the corner! **Let’s face it, with the dividend stock split news, if any current ape is not DRSing in May before the June announcement, they’re not going to.** Then, our DRS total will only increase by the amount of shares existing DRS apes are adding plus any new investors. Then, instead of our numbers growing by ~1.23M per month (based on Oct. 30 - Jan. 29 GameStop earnings release dates), they will only grow by, optimistically, 750,000 per month (if all of the 150,000 existing CS accounts add 5 shares per month). At this reduced rate, it would take over 5 years to lock the 63M float! + +#This is why these 3 things are CRITICAL!! : + +1. **We need to educate the masses outside of Reddit what DRS is, why they should do it, and why GameStop is an incredible investment** This is exactly why we started **www.drsgme.org**! +[My Twitter script](https://twitter.com/Millertime1216a/status/1515480649146241031?s=20&t=gTGyrdRiFRIYQFQZ-m2nOw) + +2. Apes with money tied up in **”other investments”, consider converting those to GME and DRS**. What other investment could possibly compare to GME?!? Even IF others can squeeze, they can’t squeeze like GME and only GME has a massive turnaround plan. + +3. Apes with shares in brokers that will not DRS or transfer to another broker, such as **Etoro, T212, and Freetrade : think about selling and re-buying elsewhere!!**It’s the only way to DRS with them! These 3 brokers will not transfer to another broker nor will they DRS. Why in the heck would you think they have shares?? They simply take your money and place your bet. Please **don’t trust your millions to a broker that won’t DRS! Seriously, go read their TOS. Or check out Etoro’s [response ](https://www.reddit.com/r/Superstonk/comments/ufsspm/the_other_day_i_contacted_etoro_to_ask_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) to this ape!** + +All too often I see others using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of 76M minus insider shares of 13M = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit (or others that somehow know about DRS), and even IF they all DRS, the average number of shares per ape would need to be 252 to lock the 63M. Obviously this will take a much longer time to accomplish. Even IF we continue to DRS 1.23M shares every month from now on, it would still take us until September 2024 to DRS the 63M shares. **Don’t give hedgies “one more day” !!** + +**Get to WORK and spread the word about www.drsgme.org to the masses outside of Reddit and DRS your max!** If you haven’t DRS’d, why not?!?! I don’t trust any broker now. I certainly won’t trust them not to screw us over with the upcoming dividend stock split or during MOASS and/or when they’re facing insolvency. Read your broker’s TOS. + +#Changing the world is what’s at stake!! + +#LOCK THE FLOAT!!! + +#TLDR: DRS your max! Spread the word about drsgme.org + +🦍💕🦍 + +[IRA DRS in-kind direct transfer](https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer) + +[DRS IRA by setting up IRA LLC](https://www.drsgme.org/direct-register-shares-via-transfer-to-llc) +Christmas day I woke up to a familiar gurgle in my toilet... + +2 years ago I had some tree roots getting into the old terracotta pipes causing a blockage. Got it jetted and everything was all good. + +Got home from the fireworks tonight, blocked toilet. Tried to fill up the bathtub and sink with hot water, bit of a plunger move to try and unblock it and hear a noise like running water. + +So I head downstairs to my storage area/workshop and get hit with a nasty smell and can see a bit of water. + +Do some more investigating and it looks like my attempt to unblock it has made it significantly worse and now I have sewage water under my house. No excrement as far as I can tell but there is some toilet paper. + +But yeah, can't get a plumber for a few days without spending exorbitant money so we've made our way to the inlaws for a little bit. + +Not looking forward to the bill... + +Shitty way to end a shitty year. +I'm interested to know if anybody has any insight on Robotics and Automation as an investment? Is there anybody on here particularly bullish about the sector who can share some knowledge? + +I've held traditional tech investments for a while now and i'm considering splitting a portion of my tech holdings off to invest into a robotics fund such at the L&G Robotics and Automation Index Fund: [https://fundcentres.lgim.com/uk/en/fund-centre/Unit-Trust/Global-Robotics-and-Automation-Index-Fund](https://fundcentres.lgim.com/uk/en/fund-centre/Unit-Trust/Global-Robotics-and-Automation-Index-Fund) + +They seem to have started it earlier this year and its just gone live on a few brokers in the UK. + +My general thoughts are that the automation supply chain is going to see massive growth going forward. Not neccesarrily all the huge businesses that will benefit from automation, but those who are supplying them. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I lost a considerable sum with the fraudulent trading platform "Swanntech". Promised money was never paid out and after doing further research and speaking to investigators and law firms I am more than convinced they are a scam. If you are also a victim or want to know details then please contact me: [joewalk987@gmail.com](mailto:joewalk987@gmail.com) + +Current Swanntech website address (has changed before): [https://www.swann-tech.co.uk/](https://www.swann-tech.co.uk/) + +Registered company on companies house: PSYOP LTD + +Current active director (likely fake name): HOLLISTER, Brian Arthur + +This is sadly the second online scam that I have fallen for. Although at least I have now learnt about what are the options for trying to catch fraudsters or recover funds. For any victims out there, I would advise that you immediately do the following: + +\- Inform your bank there is a fraud and ask them to contact the destination bank (can also report to them directly) + +\- Report it to Action Fraud UK ( [https://www.actionfraud.police.uk/](https://www.actionfraud.police.uk/) ) + +Assuming the bank route is too late, the best chance of getting a positive result is to find victims and take action as a group. Please spread the word, upvote and contact me. I will also be adding posts to scamadviser and similar sites. +This seems to be a growing area and I'm interested to know what options exist to do this, and what advice people have on how to do this smartly. + +I have my eye on a number of pre-IPO companies that I believe are looking very strong and have great products (mainly tech products), but it isn't quite clear how to go about investing in them. I've contacted a couple of them directly but neither are doing funding rounds right now. + +I've also seen platforms such as EquityZen that offer this, but they seem to be primarily intended for US citizens. I think they allow UK investors as well, but the tax and other implications aren't clear. + +I'm also interested to know if it is possible to invest in these in such a way that any IPO would allow them to transition into my S&S ISA (probably a long shot!) + +Anyone have experience on this and able to share advice on how it is done? +Hear me out, but I have this funny hunch that climate change is real, and is going to continue getting worse and worse (hello Canada) and what that means in real terms is companies specializing in managing or at least lessening the physical impact will do well. Possibly really well. Petroleum company size well.... + +This isn't a WSB type shot I'm trying to make here. Thinking to invest a chunk of my pension into it. Morbid as it sounds, I think this will be obviously a lucrative field from here on out. + +Any thoughts? + +P.S It might sound weird and counter-intuitive but I'm especially interested in companies that specialize in defences rather than just reducing CO2 through clean technology. +I'm hoping that this won't get taken down under rule 4 of the sub, since it's not ultra short term (been holding since 1st UK lockdown), nor #YOLO (I'm living by 'only invest it if you can afford to lose it') + +Just wondering what you guys think of CINE stock? And thought / advice on when / if I should hold / sell / buy more? + +The guys over on r/CanaryWharfBets are getting quite excited, in the current climate, but there are only 1k members... + +Anyway, head over there for the memes, rocket and popcorn emoji and 'to the moon' comments that would surely be frowned upon here +A few years back I had some inheritance and it was recommended I invest into the Woodford Income focus fund with a H&L stocks and shares ISA. + +That went well for about 5 months, then we all know what happened. Long story short, I wasn’t savvy enough at the time/wasn’t really focussed on it. It dropped to -50% of my original investment. + +The fund was then closed, re-structured and re-positioned under the name ‘LF ASI Income Focus’. + +At the time writing, my original investment has climbed back up to -35%. (About a year as it was reopened in Feb 2020). + +I’ve got a better portfolio now, a much better understanding of ideas for investing in my future etc. + +The question remains however, should withdraw from the fund and reinvest in a better performing fund or a (safer) tracker. Or just stick with it to hopefully one day break even? + +Thanks, +R + +Edit: + +Seems the general consensus is- don’t be emotional about it. It’s a psychological thing, reinvest if I think I’ll do better elsewhere. + +Thanks to everyone for taking the time to respond. I genuinely really appreciate your views. It’s been weighing on my mind for a long time and this has given me the onus to shift it come dividend day (31st). +Andrew Craig’s How to Own the World recommends having gold as a small part of a portfolio in order to beat inflation and act as insurance against a major market shock, such as war (I suspect he would now update this to include pandemics). Ben Felix, the Common Sense Investing guy on YouTube, on the other hand, discourages having gold in a portfolio. He says that its lack of returns and price volatility make it a poor investment (https://m.youtube.com/watch?v=ulgqlQWlPbo). In addition to all of this, some major countries seem to have ditched gold. For instance, about 20 years ago the UK sold approximately half of its gold reserves (albeit at a stupid time since the price was at a 20 year low). Even the IMF has sold some of its gold reserves. + +I’m keen to hear what you all think. +A few years back I had some inheritance and it was recommended I invest into the Woodford Income focus fund with a H&L stocks and shares ISA. + +That went well for about 5 months, then we all know what happened. Long story short, I wasn’t savvy enough at the time/wasn’t really focussed on it. It dropped to -50% of my original investment. + +The fund was then closed, re-structured and re-positioned under the name ‘LF ASI Income Focus’. + +At the time writing, my original investment has climbed back up to -35%. (About a year as it was reopened in Feb 2020). + +I’ve got a better portfolio now, a much better understanding of ideas for investing in my future etc. + +The question remains however, should withdraw from the fund and reinvest in a better performing fund or a (safer) tracker. Or just stick with it to hopefully one day break even? + +Thanks, +R + +Edit: + +Seems the general consensus is- don’t be emotional about it. It’s a psychological thing, reinvest if I think I’ll do better elsewhere. + +Thanks to everyone for taking the time to respond. I genuinely really appreciate your views. It’s been weighing on my mind for a long time and this has given me the onus to shift it come dividend day (31st). +I've never experienced a "top-end" mattress (Emma, Casper etc.) before, though I hear spending circa £700 on one can be worth it. + +I intend to buy an expensive bed and corner sofa. + +I quite like LG washing machines. Miele is very well-reviewed too and comes with 10-year guarantees I believe. + +Might get a Dyson vacuum cleaner too! +I keep getting downvoted and having my posts deleted on /r/bitcoin despite the fact that no one has given me a good answer. Most basically answer "it won't happen for a very long time so it doesn't matter". To that I say "how do you know what the classified world has up their sleeve?" (hint: you don't). I also want to know if anything could be done retroactively if the bitcoin network procrastinated too long on updating, which I am convinced it will (and no one has answered me on that either). + +Final problem: even if something can be done retroactively, what if some evil genius keeps inventing new algorithms that work on a quantum computer that can crack any hard-forked quantum-resistant encryption algorithm? Would it just be a case of cat and mouse with each hard fork being the result of a big case of double-spending? +I‘ve been in crypto since 2014 and I‘ve made the same mistake over and over again. In-depth research of a coin buy a decent stack and sell too early. + +&#x200B; + +I bought 400ETH at 4$ and sold at 35$ + +I bought 20,000REQ 0.1$ and sold at 0.4$ + +I bought 46,000ADA at 0.027$ in 2017 and sold at 0.1$ + +I bought 101,800ADA at 0.03$ in 2020 and sold at 0.09$ + +&#x200B; + +Sure I made profit all the way but never to its potential. I picked the right coin each time and my analysis was always spot on. I just couldn‘t hold onto it long enough. + +&#x200B; + +Not anymore. This is my last shot at a 100X with Crypto and I am more certain than ever. It's not really a moonshot as in a quick pump and dump, this is a legit project with world renown founders. Probably as big as Cardano if not bigger. + +&#x200B; + +I‘ve been following Elastos (ELA) since 2018. A friend of mine got in on the ICO and rode it all the way up to 90$+. I remember how he told me Elastos would change the internet. I couldn‘t get my head around it back then. + +&#x200B; + +I‘ve been dropping in on the community once in a while and while its always been active on all its channels ELA never picked up steam again until a couple weeks ago. It did 200%+ in the last month and its not stopping. 120% alone in the last 3 days. + +**Why Elastos?** + +* 3+ years of development +* Founded by Rong Chen (OS/Microsoft Veteran) +* Hybrid AuxPOW/DPoS Consensus Mechansim +* Deflationariy Coin - Maximum of 28mil ELA by 2105 +* Merge mined with Bitcoin (70EH/s+ of BTC's Hashpower) +* ETh Sidechain - Solidity Smart Contracts (500-1500TPS) +* Fully Decentralized P2P Carrier Network (Based on Tox Protocol) +* Secure Sandboxed Runtime Environment for dApps) +* W3C/DIF Compliant Digital ID's +* Credit Oracle for DID's +* Hive - Layer 2 Decentralized Storage +* World Economic Forum Innovators Club Member +* HECO x FilDa De-Fi Alliance +* Decentralized DAO (Cyber Republic) +* Easily port your project into Elastos' suite of technologies +* Feeds - Decentralized Twitter +* Hyper - Decentralized Messenger +* Profile - Decentralized Linkedin (released 1 week ago and waitlist open) + +Not sure what else to say, obviously do your own research and this is not financial advise, just based on my own research. + +Good luck all! +I stumbled upon a project that I thought was mediocre first, but upon further research and due diligence, I think it could be a moonshot. + +The project is called Xplosive Ethereum or xETH and it is a rebase coin that is pegged to the price of 0.01 ETH. + +So when the price of xETH is above 0.01 ETH ($3.64 at the time of this writing), then you get more tokens in your wallet. The exact rebase amount is determined by the difference between the xETH price and ETH price. + +Now that's not a novel idea and has been done before by projects like AMPL, sLINK, sBTC, etc. + +But here's the kicker: First of all there are no negative rebases. Meaning if the price is below 0.01 ETH, you don't lose tokens. + +Second, the liquidity pool is blacklisted from the rebase. So the PRICE STAYS THE SAME when you get more tokens. Normally, increase in token holdings are met with a decrease in price so it balances out. But with xETH, you are literally gaining free money here. + +Sounds too good to be true right- and sounds unsustainable AF right? + +Well here's the deflationary mechanism xETH has to be sustainable in the long term: + +Instead of negative rebases, when the price of xETH is below 0.01 ETH, there's a 3% token burn on ever transaction. 2% is sent to the burn pool (0x000...) and 1% is rewarded to stakers. + +This mechanism should help stabilize the price because the supply is diminishing so holders gain a bigger % of the market cap. + +This coin is designed to explode in price (hence the name Xplosive Ethereum). + +Now you might be wondering, what's the point? What is the utility of xETH? + +And to be honest, I don't have an answer for that. What's he point of AMPL (which has a $192M marketcap)? What's the point of SLINK? + +The total supply is 250,000 and initial circulating supply will be about 58,500 (presale and Uniswap liquidity). At $3.6 per xETH, that puts the starting marketcap at around $210,600. I know these micro-caps are not for everyone but personally I've flipped a bunch of these for 3-5x to grow my stack. + +Again, I know is this is an experimental coin that might potentially produce amazing gains in the short term. The smart contract code is already out: 0xaA19673aA1b483a5c4f73B446B4f851629a7e7D6. Verify for yourself the contract is unique + legit and not a basic ERC20 clone. + +Personally, I'm going into this at presale or the Uniswap listing if I don't get in, and flipping the profits to invest into a longer-term project. + +More details about xETH +- Presale whitelist starts Friday 9/11/2020 at 2PM UTC (7am PST). +- 335 ETH hardcap total: 1 ETH min and 5 ETH max +- I expect it will be a stampede given how quickly the early bird whitelist and round 1 whitelist filled up +- Luckily all pre-salers are getting in at the same price so I don't expect any dumpage on listing + +Mark your calendars for Friday 9/11/2020 at 2PM UTC or 7am PST. Join the Telegram group in the website below and see you on the moon boys and girls. + +More info on xETh: http://xeth.finance/ +Say for example 25k deposit on a 250k house and you're on a mortgage + + +The next day the house is worth 1m + +If you remortgage in that case you only own 10 percent of the house and remortgage so it means you have to pay the other 90 percent? Am I understanding this wrong? If you remortgage for the other 90 percent and the price went up then how would you keep up with payments even if rates are lower for the remortgage? Because you need the loan for the other 90 percent because you only own 10 percent right? So now I owe 900k instead of 225k? + +I'm sure I'm missing something because it doesn't make sense to me +I've been going down this rabbit hole for a while recently and, as we are all aware, there is a lot of material on this. However, I think there is an important point that these posts and videos etc. are missing. + +**Namely, that after paying off a mortgage, a substantial housing cost is eliminated from your monthly budget.** + +Much of what I have read/viewed on this subject compares the ~25 years during which a buyer is paying down the mortgage to when a renter was renting (opportunity costs, maintenance, insurance, taxes etc.). However, in the *next* 25 years, the buyer isn't paying the mortgage, but the renter is still renting. + +In my mind, the buyer now has additional money each month that can be put toward investments, etc. Am I missing something? Is there an article or video that compares housing costs over a lifetime? +When Eth was sub 200 I was buying in with whatever money I could throw at it, but now that it's nearing it's previous high I'm wondering what the consensus is on its current value. Personally, I still think it is undervalued given that it's market cap is still less than half of bitcoin, but it's not as much of a windfall investment as it was last month during the major correction. Thoughts? +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! + +Having a starter emergency fund literally saved me on Christmas. We spent Christmas Eve and Christmas between my parent's house and my in-law's house. After being gone almost 3 days, we came home to a freezing cold house! It was crazy cold inside which can only mean one of the most dreaded things to happen to a homeowner - a big, expensive, confusing appliance that's repaired by professionals and literally makes your home habitable is no longer working. My credit card is maxed out, my bank account is practically empty after accounting for utilities and next week's mortgage payment. I'm stretched as thin as I could possibly be and, to top it all off, it's late in the evening on Christmas day and we're exhausted. + +But you know what? For once, I didn't worry. I literally had zero worry. Freak out mode, which used to be a common occurrence, never once dawned on me. I imagined what my life would look like in that moment had I not had an emergency fund and I felt a complete wave of relief wash over me knowing that the nightmare that would have been was averted. It felt so good which motivated me to solve the problem instead of fixating on it. I took the panel off the furnace, called my brother in law who told me look up the error code on google, and determined my blower motor was out. I used my emergency fund to buy a new part from a repair site who, very conveniently, has a local pickup option that is close to my house (which never happens!). The next morning I went and got the new motor, took off the 4 screws and wire harness on the old one, replaced it with the new one, and the furnace kicked right on and life is good. Not only was it worry free but it was also very fulfilling to know I fixed something I used to think was big and complicated which also saved me money from avoiding a repairman. But even if I needed to call a professional, I cannot be thankful enough for getting smart with my money and starting an emergency fund. I would have been screwed had I not had an emergency fund! I'm just so thankful to imagine what could have been and know it was averted because I did something smart with my income. I'm very excited to see what I can do with my finances in 2020. +EDIT: Typo in title, should be “Porsche did NOT nearly lose 15 billion..” + +Also, the losing party paying legal fees is an exception: https://www.nolo.com/legal-encyclopedia/attorney-fees-does-losing-side-30337.html + + +Apes, we gotta do better! A \[top post today\](https://www.reddit.com/r/Superstonk/comments/vlta1z/porsche\_nearly\_lost\_158\_billion\_in\_a\_7\_year/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf) claiming Porsche *nearly lost 15 billion for causing a short squeeze (and this is why GME is proceeding with caution) is FALSE. It’s disappointing to see 7k upvotes on something that is easily verified as being incorrect. The claim comes from a (hopefully unintentional) misinterpretation of this portion of the article: + +&#x200B; + +[Where lost?](https://preview.redd.it/mq2cn86e3a891.jpg?width=1125&format=pjpg&auto=webp&s=51b6c8bcd715aa5ee27ac300d39444d7d8f6f2fe) + +&#x200B; + +Prosecutors claimed the stakeholders would’ve lost this amount of money due to tumbling share prices had they NOT caused the short squeeze. This was an arbitrary figure some lawyers made up and had nothing to do with actual monetary losses incurred by Porsche. Though several lawsuits were levied against them NONE were successful. These cases were adjudicated in Germany so perhaps the system was less corrupt but in the US the loser of the case covers court costs. So, if there is any lawsuits post MOASS, as long as there is a fair trial, GameStop stands to lose nothing. Loser pays all legal fees. + +&#x200B; + +In my opinion, GameStop is taking their time because they want a perfect product/service released to the public. You can’t rush perfection. However, the pressing question still remains: wen Uranus? + +&#x200B; + +Tomorrow friends. Always tomorrow. +New year’s resolutions come in two forms: losing body fat or building capital. + +What are your top personal finance resolutions for 2022? Are your investments a mess? Are you drowning in debt? Embarrassed that you still don’t know the difference between an ISA, LISA and SIPP? Worried that your pension plan might have you working until you’re 80? + +Personally, I’m thinking of selling all my stocks and buying Bitcoin… just kidding. But you get the idea. + +Let’s use this space to gather the most common concerns and help each other get off the the best start to 2022. +Miss Cathie Woods is being hilarious on CNBC interview. She wont admit her bad bets and is defending herself by focusing on AI future and if you happen to short her fund then you are against innovation she said. + +Most of the companies shes invested have tanked between \*\*-50% to -80%(\*\*hood that is) but yet she is delusional about it. + +[https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html](https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html) + +So lesson learned if you like innovation dont short ARK fund. Cathie Woods is the future of innovation. /s + +Then her ZOOM needs an upgrade during call. LOL + +[https://i.imgur.com/4rnggnb.png](https://i.imgur.com/4rnggnb.png) +[https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU](https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU) +I made some stupid decisions as well as had some terrible luck for years after high school, and have just managed to get on my feet and stable by myself, but I'm not sure what the best route would be for me from here to get out of this soul-crushing job I'm working now and into something decent that would allow me to live comfortably and possibly support a family on one day. + +College is expensive, I wouldn't get much if anything in the way of scholarships and I don't know if I want or could handle the massive debt that student loans would put on me, but I'm not sure what else there is for me to do, seeing as I don't have a lot of marketable skills that don't require a degree to do anything with in the first place. + +EDIT: Just got back and saw this, it's blown up way bigger than I expected. Thanks for all the responses everyone, I'll be sure to read through them all. +I've been looking for a property for 6 months now and I'm close to purchasing one, I thought I would share the sites that I have found useful when searching for the best deal. + +I've had offers on 3 properties and been outbid, I've used a mortgage adviser which has been a huge help. I'm a first time buyer on 17k a year and have a 20k deposit. Feel free to ask any questions too as I've spoke to a lot of different people and have been through the process. + +Probably the best for setting up keyword searches of the major sites, simple, broad search interface. +https://homes.trovit.co.uk + +Travel time search has been really helpful rather than radius search. +https://www.zoopla.co.uk/travel-time/ + +I found this a bit better than the government interface for checking house prices. +https://nethouseprices.com + +This is great for searching the descriptions effectively. I was using this and CTRL+F to find the word I wanted on the page as it was returning both words separately. +http://www.propertykeyword.com + +I have daily email alerts set up on trovit, onthemarket and zoopla as well which have been great. +Can’t link it as it’s in the Guardian’s live updates page. The Australian Retailers Association also recorded unprecedented growth on Boxing Day with the $1.2bn spend equating to 15% more than last year. + +“It is remarkable that in this period of economic turbulence, traders have well and truly smashed it out of the ballpark as consumers revelled in ‘freedom’ spending,” he said. “Australians are seeing shopping as an experience and a reward after such a challenging period.” +[https://www.afr.com/politics/federal/victoria-s-bitter-12b-hit-from-return-to-lockdown-20200707-p559r7](https://www.afr.com/politics/federal/victoria-s-bitter-12b-hit-from-return-to-lockdown-20200707-p559r7) +EDIT 2: They launched their product ahead of schedule, there's no point to buy it right now for the hype play. + +EDIT 1: I sold everything because of the persistent radio silence from to company not communicating anymore to its investors. My plan is to buy again at the first press release by them. + + +Tldr in the bottom. + + +>**It's not my intention to manipulate the market, this is why I'm posting this right now.** +>>**Disclaimer:** I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. **I will not and cannot be held liable for any actions you take as a result of anything you read here.** +Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. +>Got it? Now to the post. + +&nbsp; [.](https://s3-prod.crainsdetroit.com/s3fs-public/styles/800x600/public/99279151_2628183717508144_855101484390416384_n_i.jpg) + +#Zomedica Overview + +Based in Ann Arbor, Michigan, Zomedica (NYSE American:ZOM) is a veterinary health company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include **innovative** diagnostics and therapeutics that emphasize patient health and practice health. With a team that includes clinical veterinary professionals, it is Zomedica’s mission to provide veterinarians the opportunity to lower costs, increase productivity, and grow revenue while better serving the animals in their care. + +&nbsp; + +#Investors +I constantly see posts of "Bitcoiner's" stressing and obsessing over the price! Who really cares if it's $50k, $55k, or $200k? + +If you really, and I mean REALLY believe in Bitcoin, and that it's the future, then why don't you just buy, put it in cold storage, and repeat? + +So many posts from individuals over complicating things for no reason.. + +Here's a quote that stuck .. "The hardest thing for any human is to just do nothing" .. Implying that you already bought Bitcoin, but now feel it's not enough, and you have to do something risky to try and double it by putting it into some shitcoin, hoping it explodes! + +I'm asking because i'm genuinely curious to know.. +1. What is considered a lot of ETH to own? I'd like to own a lot. + +2. I've read quite a bit that it's a bad idea to leave your ETH on an exchange (like Coinbase). Why? Not insured? Which type of Wallet should I move it to? Does it change if... + +3. I have also invested in some ICONOMI. My ICONOMI currently still lives on Kraken. Should I move it to a Wallet also? Same wallet as my ETH? + +That should do it for now. Love this sub and all I've learned from it. Looking forward to reaching the moon with you all. :D + +Thanks! + +Edit: + +Thanks for all the fantastic replies! I'll respond to some of them inline where I have questions/comments. +**EDIT: DISCLAIMER: This post is obsolete, i fixed some data and add some valuation methods in the new post, check it out** [**here**](https://www.reddit.com/r/investing/comments/y27b2p/intel_corp_a_quick_evaluation_part_ii_with/) + +Good Evening folks! + +*I am a student that has recently found a passion for financial analysis and evaluation of companies. In fact, i would like to be a Financial Analysis my self in the future, thus i am practicing with some fundamentals and analysis for now! Sharing here so you can judge and maybe give some advice c:* + +*So, let's start!* + +# CAPM and Beta + +* **Levered Beta**: 0.71 +* **Unlevered Beta**: 0.56 +* **CAPM**: 7.22% which will be used in the Discounted Cash Flow + +&#x200B; + +# Evaluation Methods + +To evaluate the fair price per share i used 3 approaches and the calculated the average of them: + +|Method|Price|Description| +|:-|:-|:-| +|**Adjusted Graham**|$34.39|Used the Adjusted formula which has: P/E of 7; growth rate of 1%; AAA Bond yield of 4.77%| +|**CFO Evaluation**|$26.56|7.22% Discount rate and 1%growth rate. It gives a MCap of 108.88 B| +|**Discounted Cash Flow**|$37.13|Here i used analysts growth rate for next year and projected the growth rate of 17% for 5 years. (I did not discounted debt from it)| +|**Average Price per Share**|$32.69|The Average price of those 3 methods| + +**Current price is $25.20**, which puts Intel in the **Undervalued** category + +**Edit:** *if i use my growth rate of 1% also for the DCF, we have a price of* ***$14.99*** *for the Discounted Cash Flow method, bringing the* ***Average Price to $25.31***, that is interesting hm + +&#x200B; + +# Risk Analysis + +By Observing the historical variation of the Free Cash Flow of Intel for the last 13 years, we have the following data: + +|Risk Free Rate|3.89%| +|:-|:-| +|Market Expected Return (consensus)|9.87%| +|Average Return|8.18%| +|**Adjusted Return**|**4.30%**| +|Variance (risk rate)|10.57%| +|**adjusted Risk**|**6.68%**| +|Standard Deviation|32.51%| + +The company doesnt have that much risk based on historical data set, which without factoring possible outliers in the future, we can declare the stock a low risk stock, with its **adjusted risk of only 6.68%** and an **adjusted return of 4.30%** + +&#x200B; + +# Ratios + +|Cash Burn Rate|0.82|The company is burning its Cash and Cash Equivalents in an unexpected rate| +|:-|:-|:-| +|**Month Remaining**|9.84|The company can cover its short term expenses only for 9 months more without taking any debt| +|**Working Capital**|1.86|The company can cover its short term expenses with its current assets| +|**Acid Test**|0.16|The company cannot cover its short term expenses with only its cash and cash| +|**ROE**|\-0.45%|Non that bad but not good| +|**ROA**|\-0.41%|Non that bad but not good| + +# Ratios Comments + +* We can clearly see that the company cannot cover its short term dues within **9 months** only by its Cash, and if the company doesn't do something, which they will, it can go tits up. +* Its current assets do cover its short term expenses if Cash isnt enough, liquidation of current assets cn cover it. +* Acid Test tells us that they will take some short term debts to cover the short term expenses. +* ROE and ROA arent that bad, they tells us that the company is in a situation between falling and recovering. + +# Conclusions + +As we can see from this quick analysis, the company isnt in that great shape, but still, it is not dying neither! Taking in mind the macroeconomics and geopolitics factors, it is reasonable the current short term down trend of the stock. + +* We can see this with the **CFO analysis**, which factors only the current CFO and project it t the near future, this gives us the indication that in the short period, the stock will continue to drop in value following the overall market trend. +* With the **Adjusted Graham formula**, e can see that the long term intrinsic value of the company is much much higher that the current one. +* Meanwhile the **Discounted Cash Flow model** suggests us a price near the Adjusted Graham ones, but this shall be take in consideration if we have a FCO average growth of 17% for the next 5 years, which is hard with the growing competition. + +I will set its fair value as the average of those 3 results: **$32.69** (this price valuation doesnt take in count future and possible developments, good or bad, and it is the value of the company based on todays data). + +**Risk Analysis** was used to determine whether this is a dangerous investment, with turns out to be not. Intel has a low market risk: **6.68%** (Variance - Risk Free Rate). This result is understandable due to the fact that our modern world runs on chips. which intel is a manufacturer. We can expect at least a 30% surprise maximum variation maximum for the FCF variation factoring unexpected events. + +**My overall Conclusion:** Expecting some news from the company about its current short term expenses, probably some cuts or more workers laid off. In the short term the price is destined to plunge more, but in the long run i still see a good value in it. I would by in, average down probably, and hold for at least 5 years before thinking of selling. + +[Here](https://docs.google.com/spreadsheets/d/1o4oWNaOYz-TY5tF8UFVICoiC_-tohGnG/edit?usp=sharing&ouid=111541358396870593416&rtpof=true&sd=true) the excel where i did my numbers + +*What do you think? Do you have any suggestions? Advices? I would like to improve and learn more from you guys! Feel free to comment :D* + +**TLDR**: Fair Value of **$32.69,** The stock is Undervalued for the Long Run, Short Term price will fall + +***Again, i did not take in mind macroeconomics, geopolitical risks etc, this evaluation is based only on the current data available and shall not be taken as an investment advice*** +Edit: I will try this myself in the coming two weeks to see what happens, and will post about how it goes compared to buying on Interactive Brokers and the DRS'ing + +The DRS guide has a link that states you can wire money to Computershare through Wise in order to buy as much as you want, other people apparently have tried and it worked + +This should be the way for us international apes who still make some money every month, and that’s what I’ll do + + +Don’t get me wrong, I’ve been all-in since September and had to take care of other stuff, but THEY TURN OFF DRS, so now I’m gonna buy even harder +Important note: I do not read replies but I will return to this thread. No DM's will be read. Any comments must be posted in the open for all to see or they will not be viewed. + +&#x200B; + +Good morning everyone. Please note, this post is very much a working theory. A key assumption: + +&#x200B; + +1. The number of synthetics is not limitless but is instead a function of the total number of shares under DTCC control. + +I know a lot of you won't like to read that. But I have a good reason for believing this and it's based on what the SHF's DIDN'T do. + +&#x200B; + +The single greatest threat to the shorts is Gamestop becoming successful. No amount of FUD in the world can overcome them reporting great results. If the shorts could create limitless synthetic shares they would have done so when Gamestop was offering stock, crushing the price and limiting the amount of money Gamestop could raise with their share offerings. This didn't happen and Gamestop completed their share offerings at quite high levels, generating 1.8 billion in cash. + +&#x200B; + +What happens when you register shares with Computershare? Those shares are registered in your name and the DTCC has to find and deliver real shares back to Computershare. Bad for hedges, right? But this also reduces the total pool of shares under the DTCC's control. If my theory is right, that also breaks the share hiding scheme, forcing some of those positions to be closed as well. + +&#x200B; + +It would certainly explain the hard forum sliding when Computershare comes up. Unfortunately, I can't think of a way to test/verify this suspicion. Hopefully someone smarter can find something or debunk this. + +&#x200B; + +Not financial advice. +I'm 18 and for graduation I received a total of $1756.16 I have worked for the past two years and was good at saving but that all turned around and I'm mostly broke now. I have very few expenses so I'm wondering do I just out it all into savings or should I invest it in something? +Lately, permanent life insurance has been coming up. Im intrigued with the potential to cash out or use cash while alive. However, im also seeing that it may be a scam. I have a lot of debt and have considered using my 4o1k to clear it out and getting a permanent life insurance but im not sure that’s the best option. Please help. +Lately, permanent life insurance has been coming up. Im intrigued with the potential to cash out or use cash while alive. However, im also seeing that it may be a scam. I have a lot of debt and have considered using my 4o1k to clear it out and getting a permanent life insurance but im not sure that’s the best option. Please help. +This way I see it, this is no different than one's view on having kids. People want different things in life. Wanting to be "childfree" is not right or wrong. Wanting a large family of 3 boys and 3 girls is not right or wrong. But you don't want to wait until after the wedding to realize that you want the former and your SO want the later. + + + + +One obvious similarity between FI and having children is the large long-term commitment. Children comes with the responsibility of caring (and paying) for a person for around 20 years. FI also is a multi-decade long commitment that you weigh the cost of immediate benefit vs. future freedom. Again, being right or wrong doesn't come into it (at least in this discussion). Some people enjoy every moment of caring for a child, no matter if it's changing diaper or baking birthday cake; some people can't stand children. In the same way, some people enjoy watching their investments grow and some people feel that money not spent is life not fully lived. + + + + +Having the discussion is important b/c you can't assume your SO would be on-board with FI just because they don't seem to spend much money anyway. Young people do not have the societal pressure to spend money. Young people usually care more about things like having fun and growing as a person. It's often when people get older than they become more status conscious and start to consume conspicuously. I admit this is gross stereotyping but I think it's worth considering. + + + + +You might say that this discussion before marriage is irrelevant b/c people's value change in life, I would disagree. People in this sub who agree with FI values probably will not radically change their view twenty years from now. In the same way, someone who disagrees with FI values (after being exposed to it) will also find it hard to change their views. We're talking about marriage age here, at this point people's value systems are mostly set. I think it's hard enough to change someone's mind that it's easier to find a more compatible SO. + + + + +I know that people do not want this sub to turn into r/relationships. But I think there's only so much to talk about when it comes to the mechanics of FI. It's worth it to have discussions about emotional and value-based aspects of persuing FI. At the risk of sounding like a broken record, FI value does not need to be right or wrong, but it is an important part of a person's value system that affects both how s/he acts and how s/he feels. +I made 95k pretax and currently rent in NY. My fiancé and I are paying for our wedding next year and we’re starting to look into buying a condo or house when the market is better for us. + +My mom is on the verge of homelessness and I feel helpless and guilty. She is currently unemployed but her line of work is not lucrative even when employed. Is there a way I can buy her a small studio or something to live in? What repercussions would I have if I am trying to also buy a house with my future husband? If I make 95k with $30k in debt (20 in student loans, 10 car loan) can I buy her something on my own? + + +Right now we live in a 1br apartment and I would maybe be able to convince my landlord to let her stay with us but I am looking for a permanent solution. +Eth is 0.044 now and is about 66% down from it's high. With bitcoin skyrocketing, do people think it's possible for eth to be able to recover? The market cap would be around 120billion. +The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. + +In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008. + +The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high. + +Along with anticipating the rate hike, markets also had been looking for language indicating that this could be the last 0.75-point, or 75 basis point, move. Specifically, some Fed officials along with Wall Street economists and strategists in recent weeks had talked of a “step-down” in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023. + +That language was not overt in the post-meeting statement from the rate-setting Federal Open Market Committee, though there was a tweak that could point to an adjustment in policy. + +This week’s statement expanded on previous language simply declaring that “ongoing increases in the target range will be appropriate.“ + +The new language read: “The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.“ + +The statement reiterated that policy changes “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.“ + +Markets will look to Chairman Jerome Powell’s news conference at 2:30 p.m. for more clarity on whether the Fed thinks it can implement less restrictive policy that would include a less dramatic level of rate hikes to achieve its inflation goals. + +Along with the tweak in the statement, the FOMC again categorized growth in spending and production as “modest” and noted that “job gains have been robust in recent months” while inflation is “elevated.” The statement also reiterated language that the committee is “highly attentive to inflation risks.“ + +The rate increase comes as recent inflation readings show prices remain near 40-year highs. A historically tight jobs market in which there are nearly two openings for every unemployed worker is pushing up wages, a trend the Fed is seeking to head off as it tightens money supply. + +Concerns are rising that the Fed, in its efforts to bring down the cost of living, also will pull the economy into recession. Powell has said he still sees a path to a “soft landing” in which there is not a severe contraction, but the U.S. economy this year has shown virtually no growth even as the full impact from the rate hikes has yet to kick in. + +At the same time, the Fed’s preferred inflation measure showed the cost of living rose 6.2% in September from a year ago – 5.1% even excluding food and energy costs. GDP declined in both the first and second quarters, meeting a common definition of recession, though it rebounded to 2.6% in the third quarter largely because of an unusual rise in exports. At the same time, housing prices have plunged as 30-year mortgage rates have soared past 7% in recent days. + +On Wall Street, markets have been rallying in anticipation that the Fed soon might start to ease back as worries grow over the longer-term impact of higher rates. + +The Dow Jones Industrial Average has gained more than 13% over the past month, in part because of an earnings season that wasn’t as bad as feared but also amid growing hopes for a recalibration of Fed policy. Treasury yields also have come off their highest levels since the early days of the financial crisis, though they remain elevated. The benchmark 10-year note most recently was around 4.04%. + +There is little if any expectation that the rate hikes will halt anytime soon, so the anticipation is just on a slower pace. Futures traders are pricing a near coin-flip chance of a half-point increase in December, against another three-quarter point move. + +Current market pricing also indicates the fed funds rate will top out near 5% before the rate hikes cease. + +The fed funds rate sets the level that banks charge each other for overnight loans, but spills over into multiple other consumer debt instruments such as adjustable-rate mortgages, auto loans and credit cards. + +Source: [https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html](https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html) +Hi guys I guess this is just a vent but I’ve recently posted in here about how I’m living in the car with my family & how I’m going to document it the whole way through until we’re back on our feet, But this is getting exhausting. Every thing requires money. We have no friends or family we can even go hang out with during the days we’re not working & the process has been mentally draining. I’ve been in non stop work mode trying to save money but I’m spending so much just accommodating us being in a car. Sometimes I don’t even get more than 3hrs of sleep because I can’t get comfortable in the drivers seat, the car is constantly running & I’m afraid it’s going to break down half the time because of it even though it’s a decent vehicle. On top of that the trunk is so packed with stuff it’s hard to find anything we have! & we have bikes on the back which I constantly have to remove to even open the trunk 😡Today I’m going to attempt to take a shower because we just signed up for a gym last night but I have so much anxiety that someone’s going to kick us out for some reason just because we’re homeless & using it for showers. Probably my own issue but living like this your mind starts running rampant. I’m exhausted. +I've always had a very low income due to a variety of issues, and every time I had a little bit of savings I had to throw them at emergencies. As a consequence I have very little, almost nothing for retirement. There's a possibility that my situation could improve in the near future (I'm working hard on that), what should I do to save for retirement if/when my income increases? I read about IRA and things like that but I'm not sure how it all works. Right now my savings are about $2500 thanks to the stimulus checks. + + +[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!* +Good Morning Superstonk! + +Another day here hanging with your favorite sour green buddy. Will we go up? Will we go down? Will GameStop announce a share recall. Is DFV the secret memelord? We don't know! + +But let's find out together :) + +The technical signals look bullish and I am definitely jaccckkkeed! + +Lastly, almost all major brokers now have their proxy material available. If you own a company you should be making your opinion heard. Vote. + +If you want to find out where your wife's boyfriend's VWAP is check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +For our live audio feed the [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After hours and post AMA Wrap + +So here are the stats + +https://preview.redd.it/em1m1dpj6ry61.png?width=712&format=png&auto=webp&s=1e2a23f3e4d2f26905c757254406f8e5d7a49d5a + +Looking super bullish for tomorrow Margin calls, crazy tweets, vote rolling in. I'm pretty excited hope your are too. AMA was interesting we did it on stream by request so sorry for the late update appreciate you guys and see you tomorrow. + +\- Gherkinit + +[Hanging with atobitt, zen...](https://preview.redd.it/i09rtx0w6ry61.png?width=1585&format=png&auto=webp&s=04ba358ab2ac3fb9fb5a606c54a7419d7eb4d4ce) + +Edit 14 3:50 + +Sorry for the delay we just went down with the market for a bit but the turn around for the last 15 looks good. Also I'll be doing the AMA on stream after-hours. + +https://preview.redd.it/wiizcfxmuqy61.png?width=1122&format=png&auto=webp&s=0e24951cf78a909f3fda0d3defbcf94ba7d0ae89 + +Edit 13 2:35 + +VIX up market down, CNBC talking about things GME going up Looks like a fun day to own stonks !! + +https://preview.redd.it/b8y9p8hfhqy61.png?width=1734&format=png&auto=webp&s=ab1d7b609fc6842ffb3b0dd6d428dcb854384a34 + +Edit 12 1:56 + +Nice THICC double bottom volume coming in a bit + +https://preview.redd.it/y0ufd1pkaqy61.png?width=1220&format=png&auto=webp&s=b5d04e2e056f051c1cfa2b302c71548ac71bdddc + +Edit 11 1:15 + +I think they are just trying to stifle FOMO. At this point I'm looking for a bounce on VWAP volume is picking up though power hour could be exciting today. + +https://preview.redd.it/igi1pg3d3qy61.png?width=1074&format=png&auto=webp&s=702055f3b6d7b957bee38b3f54c46419bfa49250 + +Edit 10 1:02 + +Volume backed consolidating a little looks like we are gonna keep going. + +https://preview.redd.it/7jw17e3t0qy61.png?width=1053&format=png&auto=webp&s=656cc441b9a586969899ac1299bb01755ef35a1c + +Edit 9 12:50 + +Is this moon? Idk but our volume is so low the stocks barely trading + +https://preview.redd.it/gf94o49rypy61.png?width=927&format=png&auto=webp&s=4d5231a03b6dcd2aa7b165c62d97d3a3b5c715ec + +Edit 8 12:33 + +Shhh... we are crossing VWAP + +https://preview.redd.it/nobpe7govpy61.png?width=1147&format=png&auto=webp&s=8a4e78c20e7830cb792353ff1014e1822edfd5e3 + +Edit 7 11:57 + +One ticket on the FomoVator please? + +https://preview.redd.it/dak4n4p8ppy61.png?width=1018&format=png&auto=webp&s=ea8a74953e4c9b36284bf3dd86c11e87f5bd1101 + +Edit 6 11:48 + +HMmm... + +https://preview.redd.it/m0lbrcyknpy61.png?width=709&format=png&auto=webp&s=5ead29cb33368f2addd64c0d63658fabaf5d3424 + +Edit 5 11:15 + +Nice double bottom markets coming back a bit if volume kicks we can see some action. + +https://preview.redd.it/alefv02phpy61.png?width=935&format=png&auto=webp&s=0eb183657888dd32404b5c8ab638358b771f9e1e + +Edit 4 11:00 + +Market trending downwards is pulling us down but not by much I'm kind of of amazed at how stable we are in comparison. But volume is still low 689k. + +https://preview.redd.it/ecv3t2p4fpy61.png?width=1014&format=png&auto=webp&s=987fa97f33bb5ab23289844eb3a05d42c8c59ae3 + +Edit 3 10:15 + +Looking nice volume coming hit we hit a little stumble there but looks like it's gonna continue up. Remember they still have shares to borrow. + +https://preview.redd.it/04g0hjn07py61.png?width=1046&format=png&auto=webp&s=ac4a02599977e77430982b62236e1b2653379a4f + +Edit 2 9:54 + +Nice recovery 200k shares borrowed and it looks like they used them to trigger a downside on inflation fears we are coming back nicely above VWAP looking good low sell pressure. + +https://preview.redd.it/ylw406893py61.png?width=995&format=png&auto=webp&s=dfd5e43a6ff10c4e7efab7dca3a56694369f89a7 + +Edit 1 9:35 + +Crazy low opening candle @ 73k. Could see a dip on inflation news and also they have borrowed some shares as well. + +https://preview.redd.it/wtvr0daozoy61.png?width=1122&format=png&auto=webp&s=e336189b271f93070ef6afa693e1c443c936630c + +# Pre-Market Analysis + +Pre-Edit 1 8:30 + +Looks like GME traded mostly sideways through the night. Volume is kind of low 6.6k. + +https://preview.redd.it/iq6o1gtlpoy61.png?width=1127&format=png&auto=webp&s=ad38bbc7163b3534a72041cd11b6943781073f1d + +Bands are tight and TTM Squeeze is firing at 9 signals + +https://preview.redd.it/c2t6e39kpoy61.png?width=1526&format=png&auto=webp&s=fca28679b0202c6644a54c337411a3d12bea3d2e + +Lastly here is where we are on the pennant working our way back up to that 157 floor + +https://preview.redd.it/269zfwtepoy61.png?width=1125&format=png&auto=webp&s=9726aa71aed9c91bea808d0e4db0e6506724efcf + +If anyone is curious about this action I predicted it [here](https://www.reddit.com/r/Superstonk/comments/mx8nit/whats_coming_some_dd_for_the_week_of_4262143021/) just some 14 days before other people renamed it...lol + +&#x200B; + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Hello xxxxx, + +We are writing to you in regards to your PayPal Account. + +PayPal appreciates that you have chosen us to accept payments for your business. A periodic review of your account shows that you are cryptocurrency trading using PayPal. + +However, unfortunately we have determined there to be excessive risk involved with the business model that you engaged in using PayPal. While we wish you the best of success in your future business endeavors, we respectfully ask that you seek another method of payment for the online business. + +Your remaining balance will be held in your PayPal account for 180 days from the date your account was limited. After 180 days, you will be notified via email with information on how to receive your remaining funds. + +We deeply regret any inconvenience this matter may cause you. + +Sincerely, PayPal Compliance Department PayPal + +7/3/18 +UPDATE: Emailed with a legal recourse template I found online for people who had their accounts limited in a similar fashion previously, they have replied stating they will unfreeze my account and remove this limitation for one time provided I agree to not trade crypto through PayPal in the future. +Nice. +Still fuck PayPal. +I'm looking to buy my first home - a 2br apartment in Melbourne's inner suburbs - and trying to work on a monthly budget to understand what I can afford. + +I'm trying to to account for annual maintenance costs and some sites I've read say to set side 1% of the property value each year for maintenance (or even 2% for older apartments). + +Given today's inflated prices that seems like a lot. For a $600k 2br that's $6000-$12000 per year! I'm already setting aside cash reach month for *known* future renovations, so this seems excessive just for unexpected fixes. + +So I wanted to check other people's experience. How much should I realistically expect to spend on maintenance each year? +Hi yall, +I (28 yrs old) am thinking about quitting my job and living off my savings while studying and completing the CPA exam. +I currently make $62k a year (for 3 years). +I have about 8 months cash saved up and am planning on the cpa study time to take about 4-5 months if I treat it as a full time job. +My concerns are re-entering the workforce afterward (if I pass and worse, if I fail). Anyone have any advice to broach future employers about the significant time gap? + +My current boss is quite toxic so I'm not expecting a good recommendation no matter how/why/when I leave. + +A lot of jobs that I review and am interested in really hold this accreditation to be needed so it's a matter of when not why. I've tried to study while working but did not react well to the work of the day and studying at night. I also know my current position has no further progress. + +*to clarify, yes my position is toxic and I will be in the search for a new position regardless. I acknowledge both studying and working can be done as hundreds have (seriously, congrats to you). I forsee this as the opportunity to concentrate on the test full time so I wouldn't have to do both. +Given the recent drops in the market I thought I’d share an analysis I did a while ago on timing the Australian market, and how various scenarios would play out retrospectively. I was quite surprised by the results, and it’s made me feel a lot more comfortable about not timing the market, and just not GAF during times like these. + +I originally did this on an excel spreadsheet, but lost that, and redid today on this google spreadsheet which I can share. Essentially I’ve played out 4 different strategies using ASX300 market data since May 1992, along with the market PE ratio, Dividend Yield and the RBA 3 Month Bank Deposit Rate - which I’ve used as a proxy for what you might be likely to receive on your savings - which I think I’m being pretty generous with. + +In each strategy the investor has $1000 of savings each month, not adjusted for inflation. In fact, we’re just ignoring inflation here. A total of $306000 is saved over the period, and either put into shares or into a ‘high interest account’. + +Assumptions; +- Interest in the bank account is compounded monthly. +- Dividends are paid out quarterly +- No brokerage fees + +I use the market index essentially as a share price for the ASX300, so each time shares are purchased, it’s just the amount divided out by the index at the time, and when they are sold it’s simply the ‘number of shares’ multiplied by the index at that point. + +I use the PE ratio to determine the market value - in value investing mode. I.e. every investor in this scenario has no emotion, and simply buys the lows and sells the highs, determined by the PE ratio. It’s noteworthy that the PE ratio has a long term average of ~15. In all the timing the market scenarios the investor is selling while the PE ratio is above a certain level, and buying when it is below a certain level. + +Strategy 1 Result $ 896,000 - No Timing, each month the investor buy $1000 of the index, and reinvests the dividends. + +Strategy 2 Result $ 634,000 - Buy when the PE ratio is less than 11.8 and sell when it goes above 17.54. That just happens to be 1 standard deviation either side of the average of 15. This investor has heard of Warren Buffet, Benjamin Graham and 'value investing' and really wants to time the market, but is nervous and wants to wait until it gets really low to find that real bargain. They’re left waiting about 16 years, until 2008, when they buy in. They put about $300k into shares, but the market goes back up, so they start putting their $1000 a week back into their bank account for the interest, waiting to buy in again. They’re waiting a while, but now their getting dividends. Eventually they sell their small number of shares in 2017 for ~$520k and they are left with a total of $634k while they wait for the next big drop. + +Strategy 3 Result $862,000 - Buy when PE ratio <14.5 and sell >17. This investor is similar to the last, only they don’t feel they need to wait for such a bargain, instead they buy in at <14.5. They want to keep their profits however, so they’re sure to sell out when it goes above 17. They buy in the dip of 1995, and sell out shortly later in 1996. They buy again on dips in 03,05,06 and multiple times through the financial crisis, eventually selling out in 2017. They finish with $862k. + +Strategy 4 Result $883,000 - Buy when PE<14.5 and sell when >19. This final investor isn’t too worried about getting a bargain or taking profits and willing to wait to sell at a good price. They buy the same dips as the last investor, but don’t sell out as quickly. In the end they net $883k. + +So all those strategies for timing the market based on the past 25 years of ASX300 data result in less return than just putting the money in religiously each month. + +All the analysis can be seen on the below google spreadsheet. I’m more than eager for anyone to point out the holes there may be in this analysis. +https://docs.google.com/spreadsheets/d/1KhQnlVC84vz7mzJ2sh7_GQAs9u2bDIDx0JQueCMHf_k/edit?usp=sharing + +TL,DR: 25 years of ASX data shows that even fantastic timing of the market can’t beat just blindly throwing in your money each month. + +Be aware that Australian Super are SIGNIFICANTLY increasing their insurance premiums. +I received 2 emails advising of this yesterday. And in an utterly disgusting and contemptuous display of customer service, they're not telling me how much the increase is - rather it's a generic email that leads to a calculator. + +Making it even more difficult, the calculator shows it weekly - but the current premiums aren't listed as weekly anywhere, but are deducted monthly. + +Australian Super are really showing how NOT to do an insurance price increase. + +For me, death insurance has increased by about 250%. TPD by about 340%, and IP by about 30%. Just rough figures. +Curious to see the extent to which broader societal trends are reflected here. + +I was 25 when I moved out of home and I’m on the cusp between millennial and gen Z. + +For it me was a financial decision, and I acknowledge I was lucky to be able to stay home so long. I delayed moving out to save up a deposit for a house in Sydney, prices are crazy so that needed a few years. +I’m curious if those who have actually retired early created some sort of two-year plan, five-year plan, or something like it with retirement as an end-goal? A common question here is “do I have enough?”, etc. and I’m curious if those that created a concrete plan were able to make the retirement decision more easily. + +If you made a plan and used it to guide your early retirement timeline, what was it like? What kind of milestones did you include? +**What is Binance Cloud?** + +Binance Cloud is a white label program that helps new crypto businesses ascertain leverage their superior buildouts that are already in place. +Essentially Binance takes care of Mandala's backend infrastructure. A pocket size example of some of these benefits include the Liquidity, Security, Deposits/Withdrawals and Order Books. To have access to these benefits, Mandala is in agreement to share revenue, based on volume. This makes Binance Cloud a win/win situation. + +Mandala users can also sleep well knowing their funds are protected under the Binance SAFU (secure asset fund). + + +**Fee Structure** + +Mandala has a very similiar fee structure to Binance. Both start with an industry leading maker/taker fee of 0.1%. +However, using Mandala's native token MDX you can get maker/taker trading fees as low as 0.05%. +To attain 0.05% fees, you are required to lock 320,000 MDX for 30 days. Once locked, with every future trade made, your rebate earnings begin collecting immediatly. +To put this into comparison and attain an equal discount on Binance, you are required to hold 9000+ BNB and additionally have a 30d trading volume of 80000+ BTC. This is where and why MDX's value proposition begins to shine. + + +**MDX vs BNB** + +0.05% with 320k MDX at $0.12 = $38.4k +0.05% with 9000 BNB at $600 = $5.4m + +Based purely off numbers we can see why MDX is undervalued in comparison to BNB. +In fact, MDX's price would have to be $18 to reach equilibrium. This also doesn't account for the 30d trading volume required by Binance. + + +**Mandalas Progress** + +Mandala has been live for less than a year and has already amassed a total trading volume of 1.6 Billion as of Mandala's October progress report. +This is double what it was in July. +During October, Mandala experienced 155,000 website visits, and a 101% increase in traffic. Considering how early in the crypto industry we are, most of us can see how much growth potential there is in the space. You can find the entire progress report on mandala's blog page (medium) for more detailed information. + + +**Mandala's Roadmap** + +- Completion of CoinMarketCap Exchange Listing +- Completion of CoinGecko Exchange Listing +- Hummingbot integration (this will raise the flood gates to thousands of high frequency traders that benefit the most from the current MDX utility.) +- Futures Launch +- Asset Staking + +Aside from the current roadmap, these features are in the research and development stage: +- MDX Lending Platform +- Mandala University +- US Exchange Launch (2022) +- Mandala Launchpad + +Also planned but not mentioned on the roadmap: +- Fiat Onramp +- Dust Conversion Tool +- More Exclusive Listings (apart from Binance) + + +**Recent Marketing Partnerships** + +- Platinum Crypto +- Coinbound +- Trndsttrs + + +**What is holding Mandala Back?** + +- Operational for only approximately 11 months +- Delays on some of the core features that will add a great deal of utility and functionality +- Mobile Apps are still in their early release +- Utility and functionality for smaller bag holders +- No Fiat Onramp yet (feature to deposit USD/EUR etc. directly onto the exchange) + + +**Links** + +Roadmap - https://www.mandala.exchange/ + +Tokenomics of MDX - https://www.mandala.exchange/mdxtoken + +The Team - https://www.mandala.exchange/about + +The Exchange - https://trade.mandala.exchange/ +I'm planning to move out next year with my best friend but currently live with my aunt and pay rent of $400 for a room. And I'm looking into getting a $2k apartment with my friend. I know that 1st and last rent is due for the first month but don't really know much after that. Someone who rents an apartment can give me more info on moving out and finances on it? I make 20/hr,30/hr weekends 5 days a week. And planning to pick up a 2nd job on my 2 off days. Would like some insight on people who already been through this. Oh and we are both in our early 20s,I'm 22 he's 23. We have good credit 700. + +EDIT: Sorry about not being specific with some details. I live in San Francisco area. And combine income with friend is $6,000 a month. And am planning to save up $5,000 before I move out. Didn't expect all these up-votes lol. Thanks for all the feedback and will use this as guidance when I move out. Thank you, Merry Christmas! +I’ve got $11k to trade with with a goal of getting it to $55k. Thoughts on strategies I should deploy? Small cap low float? Options? Or large cap individual shares? +We have some of the best universities in the world yet we barely produce any tech companies at all. The only major tech company we created was ARM in 1990 which we later sold to Japan's Softbank. + +To put this into context, the 3 largest UK companies are Shell $184b (oil), Astrazenica $168b (pharma) and Linde $131b (gas). + +Compare that to the top 3 US companies Apple $2.5t (tech), Microsoft $1.7t (tech), Google $1.3t (tech). + +Like why is the UK incapable of creating tech companies I don't really get it? Why is Apple, Microsoft, Google, Amazon, Tesla, Visa, Nvidia etc etc all American? If the UK has some of the best universities in the world, why are we not producing any tech companies like America? + +Our largest tech company is Sage which has a laughable market cap of just $9b. Microsoft could buy them out using change they found down the side of their couch. +Been happening for the past several months consistently. I feel like they will report user decline on their platforms next quarter and that insiders are expecting the stock to drop to around $150 or below. What do you guys think? I’ve been investing from $220 and have brought my average down to $200. The constant selling from insiders is worrying me. I know you will all say don’t try timing the stock etc, I won’t, I’ll be holding because I believe the core business excluding metaverse demands a higher valuation, but I’d be interested to see what you all think? Surely its hard to keep over 2 billion active users on your platform, especially after the crazy growth we saw in 2020/21 +Might be a stupid question but I thought about it today...When people say "set aside money for \_\_\_\_\_\_\_\_" (the blank could be a vacation, car, home, emergency fund, etc) does this mean they are putting money into a different account all together? Different bank? Just making sure not to spend money and let the savings allocate in their checking's or saving's account? Cash? Spreadsheet? How exactly does one keep tabs on these savings? +Edit: Parents in the US! + +Like many of you I am looking to FIRE, and I’m doing the best I can to not give up on the best thing in life... family. Recently, it dawned on me that I will need to account for and plan for my parents. Unfortunately, they did not learn to invest, and do not have enough meaningful assets. + +Taking care of my parents is a higher priority than my fire goals, but I’d love to do both. + +I would appreciate any guidance you can give me, including what to plan for, topics I should understand, strategies you have employed to keep quality of life up and costs as manageable as possible, etc, etc. + +Thank you all in advance. +I submitted [this](https://i.imgur.com/sruqfVU.jpg) question about the use of coin hours to the skycoin subreddit. I got a few responses that didn't really answer anything and then [this](https://i.imgur.com/zYxRpgU.jpg). Then they banned me. I never said or did anything the least bit offensive, just questioned their coinhours that made no sense and seemed like a scam. At the time they banned me from reddit, I was also talking to the devs on telegram and when I mentioned the reddit ban, they banned me from [telegram](https://i.imgur.com/jzOFYSs.jpg). Other people on bitcointalk are saying they are doing this anytime people question their scam. So, flood their subreddit with questions and let's see how they respond. + +edit: [Skycoin response: "You were banned for being ignorant"](https://www.reddit.com/r/CryptoCurrency/comments/7yaydn/skycoin_is_banning_in_reddit_and_telegram_to/duf06j9/) + +edit: looks as though they deleted their response. Good thing I took more [pics](https://i.imgur.com/Q24owht.jpg). Their subreddit is hilarious. There is a post ["explaining"](https://www.reddit.com/r/SkycoinProject/comments/7ycxgn/trolls_bans_and_the_project/) the bans, and half the comments inside are removed. + +edit: The head of the team, [Synth](https://www.reddit.com/r/CryptoCurrency/comments/7yaydn/skycoin_is_banning_in_reddit_and_telegram_to/dufoq2u/), decided to stop by and call me a liar, despite [photographic evidence](https://www.reddit.com/r/CryptoCurrency/comments/7yaydn/skycoin_is_banning_in_reddit_and_telegram_to/dufe60j/). +# A look into Trade Based Money Laundering and Financial Crimes + +&#x200B; + +Edits: + +* Reorganized/edited some content for better clarity and added a general TLDR. + +&#x200B; + +**TLDR: I believe we are in the middle of something GARGANTUAN - something way bigger than GameStop. Why? Recent events including the SolarWinds and Ransomware hacks, various regulatory and oversight press releases and other publicly available information tracking back this year and beyond, and recent news of major names at banks around the world being suspected of money laundering or financial crimes that could result in sanctions points to serious Risk Management issues. I just keep thinking how this is all happening while dominoes seem to be falling (most recently around money laundering), liquidity issues, other related items, and THE SHORTS MUST COVER. I remember several recent proposed filings on for the various exchanges around Risk Management. If the money and filings are followed, more will be revealed. The best way I can describe it is : We are in the middle of a global chess tournament/match that is sophisticated, deep and complex. Think of GameStop as one game (or piece) in the overall global match. Things are happening very fast and I'm curious whether the recent early bank closings and boarding up of banks has anything to do with any possible future news to be revealed.** + +&#x200B; + +**DISCLAIMER:** **I am NOT a financial advisor.** **This is not financial advice.** Think of this post as me organizing some of what I believe is potentially relevant to laying the foundation of what I believe is part of the LARGER picture into mini more organized blurbs.Because of the sensitive nature, I think it’s best I keep the information as straightforward as possible so I will be adding quotes, original sources and comments here and there. Any added notes are my independent thoughts and some speculation. I also feel compelled to say that there’s definitely Levels to this ~~SH\*T~~. Unfortunately, there are many people who stand to lose A LOT on every side of this because the potential implications for financial markets across the world and unsuspecting people give me chills every time I really think about it. + +&#x200B; + +These last few months have been very eye opening to say the least. I’ve learned an incredible amount in such a short period of time but if I’m being honest, at various points, I’ve had more questions than answers. While patiently waiting to head to the Moon, it’s been a good opportunity to learn as much as I can about everything I found interesting along the way. A lot of what I will be touching on in this post **involves possible criminal activities tied to financial markets around the world.** The content in this post will introduce/share some of the various things that now seem to be a more relevant + +&#x200B; + +# Before you start: + +* Get Comfy. Grab your favorite drink. Gotta stay hydrated. There's A LOT and you may get thirsty along the way. +* If you haven’t already had a chance to do so, check out the following post by [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) : [Hedge Funds might be using Crypto (BTC) as a washing machine for their dark pool shorted shares](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/). **Here's the TL:DR** + +**Hypothesis:** + +>“HF are buying GME (and maybe other shorted stocks like AMC) in dark pools. When dropping those shares into the retail market, they make money, because they are STILL SHORTING THOSE STOCKS. Their short positions generate money. The won money might be put into crypto for finishing wash sales. Scroll down for the last (5th) picture. There you can see it clearly. **This might be (at least one) reason, why the HF keep shorting!** Remember: the shorted shares have still to be covered! Buying at dark pools seems to only (maybe) reset their FTD timer, but **doesn't close their shorted positions.”** + +**Thesis:** + +>Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: +> +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +# Why does this matter? + +If this proves to be true, it insinuates that there’s a major vulnerability in the larger system because maybe some banks, hedge funds or other individuals or entities are possibly acting as the bank (as in they are handling the transactions), but the currency being exchanged may not be financed by the individuals or entities. These transactions end up happening without much visibility into the underlying trade activity, making it difficult to regulate and gather pieces of information that may be meaningful in understanding the risks posed by individuals or specific trades/transactions because of the lack of transparency and could have some really dangerous results. + +First, let's get some basics out of the way. + +# What is Trade-Based Money Laundering (TBML)? + +All credits go to the author from the FICO blog post[ linked](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) as it contains the majority of the information to best explain this. + +&#x200B; + +>“In its simplest definition, trade-based money laundering is the process of disguising the proceeds of crime and moving value (i.e., movement of money) using trade transactions to legitimize their illicit origins. **TBML involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth.** TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports.” +> +>Two recent studies have provided a more in-depth analysis of the problem. The U.S. Government Accountability Office (GAO) published the results of a study on trade-based money laundering entitled [“Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering”](https://www.gao.gov/products/GAO-20-314R). This study, together with the U.S. Department of Treasury report entitled the [2018 National Money Laundering Risk Assessment](https://home.treasury.gov/news/press-releases/sm581), identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Criminal organizations (from organized criminal groups to professional money launderers and terrorist financing networks) utilize TBML to disguise the origin of criminal proceeds by “integrating it into the formal economy” through trade transactions. The GAO Study goes on to say that “In addition to TBML, criminal organizations may also be involved in other trade-facilitated criminal activity, such as customs fraud, trafficking in counterfeit goods, or tax evasion.” + +The FICO blog also goes on to say: + +>"More recently, the G7’s Financial Action Task Force (FATF) and the Egmont Group released a [joint study](http://www.fatf-gafi.org/publications/methodsandtrends/documents/trade-based-money-laundering-trends-and-developments.html) which recognizes the criminal abuse present in trade transactions while raising the understanding of trade-based money laundering. Money laundering continues to be a significant concern – both in the U.S. and globally – because it facilitates and disguises the proceeds of crime, can alter markets, and have broader implications on financial systems. According to the joint study, TBML is “one of the primary means that criminal organizations use to launder illicit proceeds.” +> +>As the [U.S. Department of the Treasury](https://www.treasury.gov/press-center/press-releases/Pages/jl0072.aspx) notes, “Trade can be inherently complex and complicated, reflecting the nature of interconnected supply chains stretching around the world,” not to mention the sheer volume of international trade. Trade is also highly adaptive, giving criminal organizations ample opportunity to infiltrate and even use legitimate channels to launder the proceeds of crime, finance terrorism, and evade sanctions. Criminal organizations will exploit any sector, any commodity or service." + +# Some typical TBML common techniques used: + +* False reporting on invoices, such as commodity misclassification, commodity over- or under-valuation. +* Repeated importation and exportation of the same high-value commodity, known as carousel transactions. +* Commodities being traded that do not match the business involved. +* The over- or under-valuation of goods on the invoice and other documentation. +* Over- or under-shipment of goods or services (also, phantom shipments). +* Shell companies or offshore front companies. +* Third-party intermediaries facilitating invoice settlement. +* Illicit cash integration in financial settlement. +* Misuse of existing trade chain to move funds for terrorists (evasion of sanctions / financing of terrorism). + +**Sources:** + +* *^(March 17, 2021 blog post by FICO:)* [^(https://www.fico.com/blogs/tbml-what-trade-based-money-laundering)](https://www.fico.com/blogs/tbml-what-trade-based-money-laundering) +* *^(Countering Illicit Finance and Trade: U.S. Efforts to Combat Trade-Based Money Laundering -)* [^(https://www.gao.gov/products/gao-20-314r)](https://www.gao.gov/products/gao-20-314r) +* *^(2018 National Money Laundering Risk Assessment)* ^(-) [^(https://home.treasury.gov/news/press-releases/sm58)](https://home.treasury.gov/news/press-releases/sm58) + +&#x200B; + +# Some Recent Events with Sources: + +**July 17, 2020 - Joint Statement on the EU – U.S. Financial Regulatory Forum** + +* [^(https://imgur.com/a/cMHwd46)](https://imgur.com/a/cMHwd46) +* [^(https://home.treasury.gov/news/press-releases/sm1066)](https://home.treasury.gov/news/press-releases/sm1066) + +**October 7, 2020 - Remarks of Deputy Secretary Justin Muzinich at the Atlantic Council Geoeconomics Center** + +The following sections in the remarks brought up some interesting points on Cryptocurrency stood out: + +>“A second area where cooperation is critical is cryptocurrencies. Cryptocurrencies are a fascinating topic because they have implications not only for private business, but also for a number of activities the government is responsible for. +> +>Consider for instance national security. One of the issues at the top of Treasury’s mind is that digital currencies can potentially be used to evade existing legal frameworks—like those governing anti-money laundering and the countering of terrorist financing. Treasury has made it clear that the obligation to comply with U.S. laws is the same regardless of whether a transaction is denominated in traditional fiat currency or digital currency. Existing laws apply to digital assets in no uncertain terms. +> +>However, even if we could be assured that the private sector is complying with the letter and spirit of AML laws, there are important remaining concerns that government must consider, such as a digital currency’s potential effects on the monetary base and financial stability. +> +>These are linked to a broader concern about what I will call governance. For instance, if a decade from now there were a desire for a stablecoin to go from fully reserved to partially reserved, or to shift its underlying mix of reserve currencies, this could alter money supply or cause financial disruption. Would such a decision be made by a private governing association? Or by a majority of coinholders? What if foreign actors had acquired a majority of the coins? In any case, would important decisions about our economic system have been taken out of the hands of government accountable to the people? +> +>The speed and cost advantages of stablecoins are clear, and we of course value innovation and efficiency. However, digital currencies are not simply a means of payment, but, depending on their structure, can shift some functions traditionally performed by government to the private sector. Therefore, policymakers on both sides of the Atlantic must continue to work together to take a very hard look at these issues.” + +&#x200B; + +* Source: [https://home.treasury.gov/news/press-releases/sm1145](https://home.treasury.gov/news/press-releases/sm1145) +* [https://imgur.com/a/aPBNm3x](https://imgur.com/a/aPBNm3x) + +**October 13, 2020 - G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments** + +* [https://home.treasury.gov/news/press-releases/sm1152](https://home.treasury.gov/news/press-releases/sm1152) +* [https://imgur.com/a/th8fRSg](https://imgur.com/a/th8fRSg) + +**December 7, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +* [https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) +* [https://imgur.com/a/Mdql8zO](https://imgur.com/a/Mdql8zO) + +**December 20, 2020 - Readout from a Treasury Spokesperson on Secretary Mnuchin’s Discussion with G7 Finance Ministers and Central Bank Governors** + +[https://home.treasury.gov/news/press-releases/sm1203](https://home.treasury.gov/news/press-releases/sm1203) + +# Why is any of this important? + +&#x200B; + +In my comment under [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) post, I commented that I…”Think some people have been or will be caught with their hand in the cookie jar with foreign entities (possibly financial terrorism - speculation only at this time).” + +Now lets recap [u/Both\_Maintenance\_206](https://www.reddit.com/user/Both_Maintenance_206/) Thesis from yesterday’s post which can be summarized by the following hypotheses: + +>(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. +> +>(II) HF might use crypto mixing services to wash their gained money. +> +>(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools +> +>(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. +> +>(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +&#x200B; + +# Have you noticed the wave of recent news? + +**Here are a few recent happenings:** + +&#x200B; + +* Legislation Talk: + * [^(https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f)](https://www.forbes.com/sites/insider/2021/04/19/new-legislation-may-portend-wave-of-anti-money-laundering-enforcement/?sh=3dcef0fd259f) +* The ransomware and SolarWinds events + * [^(https://www.cisa.gov/ransomware)](https://www.cisa.gov/ransomware) + * [^(https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/)](https://securityintelligence.com/news/new-ransomware-2021-babuk-locker/) +* Timeline of press releases and filings from the various Regulatory and Oversight agencies releases of information of steps being taken such as the recent Treasury sanctions issued against Russia as announced on April 15th. + * [^(https://home.treasury.gov/news/press-releases/jy0127)](https://home.treasury.gov/news/press-releases/jy0127) + * [^(https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999)](https://apnews.com/article/russia-safe-harbor-ransomeware-hacking-c9dab7eb3841be45dff2d93ed3102999) +* Recent Money Laundering news seems to be hitting across major financial institutions. This in addition to MARGIN CALLS. + * It makes me wonder how this ties into Bank CEO's to testing in May as U.S. Congress ramps up scrutiny of Wall Street. + * [^(https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) + +It just seems like it’s all poised to possibly collide with everything else happening right now. Looking back at how some of the Regulatory and Oversight Agencies have been sharing, there’s been a lot of fu\*\*ckery behind the scene. I think my biggest fear at this point is realizing the true impact and extent of this? Because of the possible unknown and known actors out there, I believe this is going to be one hell of an event, bigger than my tiny mind could imagine. It’s deep and whatever is happening, things seem to be happening fast. + +&#x200B; + +**NOTE:** My general searches for information comes from public sources such as: news articles, press releases, filings, and other publicly available information such as: Federal Register ([https://www.federalregister.gov](https://www.federalregister.gov/public-inspection/current)), SEC ([https://www.sec.gov/](https://www.sec.gov/)\_, FINCEN ()[https://www.fincen.gov/](https://www.fincen.gov/), U.S. Department of Justice ([https://www.justice.gov/](https://www.justice.gov/)), CFPB ([https://www.consumerfinance.gov/](https://www.consumerfinance.gov/), OCC ([https://www.occ.treas.gov/](https://www.occ.treas.gov/)), FRB ([https://www.federalreserve.gov/](https://www.federalreserve.gov/)) to name a few.) +Anyone else impatient and not want to wait 45 DTE? What are your plays? + +For me - + +Yesterday I opened 2 NFLX 4/24 Credit Spreads(essentially a Condor) while it was trading \~430 that expired today - 412.5/415P and 440/445C those are doing well. + +Also have a SPY 4/29 272-290 Condor, was initially 266 on the put side, but rolled up yesterday. + +I am not dumb enough for WSB but not smart enough for pure theta. +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. +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. +Hi everybody, + +I've lowered my cost basis in IWM below the share price and now I want to know if there's anything strategic I can do in the way of selling options. I read that doing a buy/write with a 30 delta outperforms significantly just buy/hold and selling puts and I wondering if I should just keep doing that or if there's something else that might be better? + +Sorry if this is confusing or a poorly worded question. +Many asked for an update, but I'll keep it brief. One month into retirement at 38 with a planned 3% SWR on a starting value of 1,025,772. That works out to 2564/month, or 2064/month with $6000 yearly in what I call "big expenses." (That would be, 2000 vacation, 1000 property tax, 500 professional tax, 500 christmas, 500 car insurance summer, 500 car insurance winter, 1000 unexpected). + +This month's spending was $2352, including $500 from the yearly column for "unexpected" which was a dental insurance claim denial. So we're 8% under budget for the month, which is good. The better part is that we brought in $1351 thru my wife's job (which she likes and would do for free) and some old book royalties of mine. Our withdrawal was $1001 this month, which is effectively on target for a 1.18% pro-rated SWR. + +The even better part is that the portfolio appreciated from 1,025,772 to 1,040,472 (a 1.43% increase), which dropped back down to a new total of (drum-roll) 1,039,471 after paying the bills. If the year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there. I realize that this is in violation of the Trinity, but we're in far safer territory than 4%. + +As far as personal things go, I still had a lot of guilt in buying things so quickly from amazon and gamestop. I bought some PS3 games (12 x $5 from the bargain bin), a modem, a router, dinner for friends a couple of times, and some other things that had me concerned that spending would be over for the month, but it wasn't even that close. I don't budget per se, just monitor. + +I've spent maybe five minutes browsing this subbreddit for the month. Honestly, it doesn't interest me that much anymore. I've spent less time on the internet and more time with my family, at the gym, reading, housework, yardwork, running, swimming, weightlifting, movies, Rubik's cube, daily journal, yard sales, socializing, etc. I hated my job so much, even though it paid $150k/yr. I made the right decision. This is life. + +I'm not sure if there will be another update. If you have questions, just check my post history. I'm sure it's covered there. +So inflation is high already. Increasing energy prices will fuel further inflation and my monkey brain tells me that higher rates counter that. + +If the FED is not going to do what they said they would do few weeks ago, meaning raising rates many times in 2022, wouldn’t inflation go off the roof? + +I don’t get it. +Hi all, + +Throwaway account, + +I’m a 24 year old male, single and currently earning around 75-80k a year (overtime dependent). + +I have a car loan of 27k that I’m working my ass off to pay off as quick as I can. + +I bought a house 16 months ago for 220k in Queensland after my step dad went guarantor for me. At the time it all seemed perfect and a great way to get a foot in the door. However, I’ve bit of way more than I can chew. I can make the repayments easy and it actually works out cheaper than renting because I have house mates but the amount of work required on this house is unreal. + +I know I should have looked more into this before I got it and I wish I could go back but I can’t. Every room needs works, the stores blown, the hot water system is blown and I am slowly renovating through but just feeling like I’m wasting my money and the house price won’t go anywhere. + +If I sell it now I’ve obviously already lost what I’ve put into it because the market is terrible in NQ. I wish I just bought a slightly more expensive house so I could just live comfortably. + +Can someone give me some advice on what I should do? Surely selling isn’t a great idea? + +Okay, I've been out of pocket the last few days and got to this one late, since there wasn't a lot of actual mod opinion/representation in that thread I've removed it and I'm starting one where we can actually express our views/stance. The thread is [here](https://www.reddit.com/r/investing/comments/j6c9hv/can_we_stop_locking_investment_related_threads/) should you wish to access it. There's just no need for two meta threads in the same day, and the answer to the complaint is "no" anyway. + +I'm lifting this mostly from a comment I made there, but here's our general stance: + +> In the end I honestly think there is quite a bit of disconnect between the community and the mod team. + +This probably won't be a popular opinion but this is both true and a new thing. I've made no secret that I don't like what Reddit has become. They have vastly expanded their cross sub algorithms, and Reddit as a whole has grown, given recent events this sub has seen an almost doubling in size over the last two years. + +I'm going to be direct because I'm not particularly worried about being popular here: **the vast majority of the new subscribers are not investors, have very little interest in investing, and don't have any background in investing.** This is painfully obvious in that joke threads, off topic comments, etc are constantly the top voted comments in any given large thread. So because they have no real interest in investing their comments tend to basically be the same as if they were in any given general news/politics/whatever subreddit. Think about how much of the discussion in /r/economics or /r/technology has to do with economics or technology. Is there a disconnect between the mod team and those users? sure. That's fine by me. + +If you want an investment community where the top comment on AAPL earnings thread is someone's comment about how they like their iphone because of imessage then yes, there is going to be a disconnect between this sub's moderation team and you. That isn't an /r/investing mod team problem, that is a subscriber issue. + +There seems to be this growing attitude on Reddit that subreddits are some democratic entity where users can override moderation if there's enough popularity. That is not an accurate representation of how a sub is run, and should that be the case it would just quickly turn in to "vaguely economic/public company related general discussion" and not "discussion on investing in capital markets and securities". This may be tough for some people to hear but as far as Reddit is structurally concerned a subreddit is an independent forum owned and controlled by it's moderators. + +So just to be clear: the policies in place, and the actions we take, are purposefully crafted to discourage people like the above from posting here. I'm a blunt person as many of you know, I won't beat around the bush here; one regular contributor that actually discusses investing is more important to us than 1,000 subscribers who don't like our policies. We are not catering to people who want to discuss anything they desire, and if they're upset by this then I apologize but there are other subreddits. This is a place dedicated to investment discussion, you don't need to be a professional, expert, whatever to post here. But you do need to discuss investing. This is an extremely low bar, but in many cases hat bar is not being met. + +**Thread Locks**: if an entire thread is just political bickering, or off topic discussion it's getting locked. We're not interested in micromanaging discussion, we are interested in just locking threads when people can't stay on topic. I personally think it's a bit ridiculous that people expect mods to babysit a thread rather than just lock it when people can't stay on topic. If people can't stay on topic that really tells us the thread probably isn't super relevant anyway. And simply removing comments on a 500+ comment thread on the front page, where we average 300,000 pageviews per day and 100,000 unique pageviews per day, is trying to plug the hoover dam with Spez's dick. It's an effort in futility. + +**Politics**: We used to discuss politics all the time, the choice to ban that was directly due to user behavior. At some point after 2018 commenting here shifted from investment relevant opinions to something that can only be described as a debate between the lead editors for Bretbart and Vox, but dumber. Compare [these](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/) [threads](https://www.reddit.com/r/investing/comments/4a771n/bernie_sanders_proposed_tax_on_wall_street/) four years ago to [this thread last year](https://www.reddit.com/r/investing/comments/cmyr9q/bernie_sanders_proposes_tax_of_under_onehalf/), both on the same exact subject. As you can plainly tell the older one is far more topic centric than the newer one. + +Point is this forum is for investment discussion. Politics and capital markets are certainly intertwined, but inevitably the new posters here are unable to discuss capital markets and just start talking about any given political opinion they have; then we get a thread indistinguishable from /r/politics. If an entire thread is discussing the market ramifications of political regimes/policy then it's welcome here, that hasn't been the case in almost any thread over the last two years. The 60 day bans for this sort of off topic behavior are deliberate in their length to encourage those people to find another subreddit to participate in. "I think Trump's proposal is bad for markets because of XYZ" is totally relevant, "I think Trump is a fat bad old man who hates minorities" is totally a non relevant comment. You may think it's true or false depending on which politics team you're on, but if you can't understand that it's irrelevant to investing then you shouldn't comment here. + + +Our goal is fostering good investment discussion. The goal is not to be a platform for political soapboxing, airing out grievances about corporations, have broad general discussion, or whatever else people want to do here. That is not to say politics, corporate grievances, etc aren't important. They're not part of this subreddit's purpose. + +Our goals also have nothing to do with activity, subscribers, or views/whatever. The only thing we want is discussion that actually has to do with investing, and not whatever other subject people wish to try and relate back to investing. If that means a bunch of people not here to discuss investing get mad and unsubscribe then that's a win. To be frank many of our most knowledgeable regulars have stopped coming here because of the degradation in quality over the last two years. This is not a condition we are happy with nor one we'd want to support. + +>From my experience talking to them it seems like a few senior mods have a very strong vision of what this sub should and should not be, and the quality of mods they are looking to recruit isn’t easy to come by. + +Mods make a sub. I think we're pretty open that we don't want a bunch of mods that want to make a sub that's just some lightly moderated general discussion outlet. We want mods to come from our pool of regular quality contributors, not someone who's interested in being a mod for mod's sake, and not someone who mods a dozen other places. The point is to have people in charge of something where they have vested interest in the quality of the sub. I would absolutely love to add another 30 mods tomorrow, I can't think of anyone who wants the job and is also a good candidate but feel free to shoot us a modmail if you think you fit the bill. I'd say this, if at least one of our existing mods doesn't recognize your username then it's probably gonna be a no. + +Here's the thing, if people don't like the rules then there are hundreds of other subreddits. There's dozens of subreddits for politics, you can go over to /r/economics to see what a sub looks like when the mods aren't worried about removing low effort political discussion, and if that's appealing to you then you can comment there. You can go to /r/latestagecapitalism or dozens of other subreddits if you just want to complain about public companies. You can go to your political subreddit of choice for political discussion. So again all of the new subscribers complaining about our efforts to remove those things don't really sway us, because we're not here for you and you have other outlets. So we're not preventing anyone from having any sort of discussion they want to have, we're saying this isn't the sub for it. + +And finally if you would like to go to a subreddit for general discussion of **investing your money in to capital markets and securities** then you can hang here. If ya want to talk shit about your least favorite corporation or politician then I think I speak for the entire mod team in saying we would prefer you went elsewhere. + +So TLDR: we have zero interest in creating a sub that allows for general off topic discussion, general political discussion, low effort political banter, or any of the other low effort joke/pun/anecdotes/whatever that you see across the majority of large subs. This sub doesn't need to be all things to all people, and we have no interest in allowing more off topic conversation just because new users want it. And if that means a sizeable portion of the subscribers, especially the more recent ones, are upset then that is a condition we are fine with. The bar for discussion here is not high, it's literally just "actually talk about investing", so any degree of blowback concerning anyone on our team's moderation is really met by a high degree of cynicism from me given how broad that guideline is. +I've just begun working for a start up who have some serious promise and I'm feeling really good about their direction. + +My question is how would I go about asking the boss who I'm not super chummy with just yet, if it's possible to purchase shares or have shares included as some form of incentive (I'm in sales/account management). + +Ive no idea if this can come across as overreaching or rude or it would look odd on my behalf. Or am i just overthinking and I should just ask the question? +Man, the glowing optimism around here in the beginning of the year was surreal. It was hypnotic. I was down on the corner sucking hopium for bus fare and then walking home. + +I remember when it crashed, 2 stories in particular: + +1. A newly wed couple who made an excited post about how they were taking the plunge and putting a significant portion of their savings into Bitcoin. This was shortly before that sunday morning crash +2. A guy who had convinced a buddy to invest into btc, his buddy put 5k in and then it crashed - the poster said his buddy deleted him off everything and wouldn't talk to him and was telling mutuals that he ruined his life. + +On the very off-chance one of these people reads this... did you/they hodl? Anyone else have a similar story of possible current redemption thanks to new ATH's? +* EPS $(0.48) down from $(0.03) YoY +* Total Year-over-Year Member Growth of 113% Accelerated for 8th Consecutive Quarter to 2.6 million +* Total Products of 3.7 million Up 123% Year-over-Year +* Record Quarterly Net Revenue Up 101% Year-over-Year and Adjusted Net Revenue Up 74% Year-over-Year +* Adj Ebita $11.24M vs $(23.75M) QoQ +* Lending segment contribution profit of $89.2 million increased 80% year-over-year in the second quarter of 2021 +* Over the past year, Galileo more than doubled its number of accounts, to nearly 79 million from 36 million, through growth in both new and existing clients: Total net revenue (from Technology platform) of $45.3 million for the second quarter of 2021 was up 138% year on year, which reflects a full quarter of operations in 2021 compared to a partial quarter in 2020 subsequent to our acquisition of Galileo + +**Q3 Guidance:** + +* Management expects continued strong growth in the third quarter of 2021, with expected adjusted net revenue of $245 million to $255 million and expected adjusted EBITDA of $(7) million to $3 million. +* Management reiterates its full-year 2021 guidance of adjusted net revenue of $980 million and adjusted EBITDA of $27 million. + +&#x200B; + +*SOFI stock is currently down 11.68% AH.* + +[https://www.businesswire.com/news/home/20210812005780/en/SoFi-Technologies-Reports-Second-Quarter-2021-Results](https://www.businesswire.com/news/home/20210812005780/en/SoFi-Technologies-Reports-Second-Quarter-2021-Results) +As it says in the title. + +**What Are Securitized Products?** + +Securitized products broadly refer to pools of financial assets that are brought together to create a new security, which is then divided and sold to investors. Since the value and cash flows of the new asset are based on its underlying securities, these investments can be hard to analyze. + +https://www.investopedia.com/articles/bonds/08/securitzed-assets.asp + + +"It represents an "important step towards a managed exit from the Securitized Products business, which is expected to significantly de-risk the investment bank and release capital to invest in Credit Suisse's core business," Credit Suisse said."" + +https://www.cnbc.com/2022/11/15/credit-suisse-to-sell-securitized-products-business-to-apollo-as-it-accelerates-restructure.html + +**Who's Apollo ($APO), anyways?** + +"Emulated by peers including Blackstone and KKR, Apollo’s $200bn credit portfolio is among the slickest operators in America’s “shadow banking” industry, churning out everything from residential mortgages to aircraft leases and commercial real estate loans. It has become a vital source of funding for heartland businesses that many banks now consider too difficult, or too risky, to touch. + +...Lightly regulated and operating largely outside public view, firms like Apollo have become a central part of the US credit system — one whose complexity and financial health has policymakers worried about a new form of contagion. + +...Apollo’s shadow banking operation serves the same basic functions but it performs them selectively, in a manner calculated to generate the highest possible returns. Its lending businesses focus on specialist forms of financing that command higher interest rates because they do not trade on liquid markets and require expertise to underwrite. + +...Decamping to drab office parks in American suburbia, they built banal-sounding companies and recruited an army of low-ranking loan officers and risk managers, who spent the past decade quietly inserting themselves into the finances of thousands of families and businesses. + +...Apollo’s life insurance affiliate was drawing in a long-lasting pool of capital to lend out at interest rates that would cover payments to policyholders, and perhaps an additional 3 or 4 per cent return for itself. + +...Today, the $200bn figure is a substantial share of the $2tn of lending that analysts estimate has moved outside the banking sector over the past decade, much of it to companies such as Apollo, which are now widely identified as shadow banks" + +*you get the idea.* + +https://www.ft.com/content/6fce9808-84ab-11ea-b555-37a289098206 + +**TLDR**: Credit Suisse appears to be offloading $55B worth (current value - who knows how much value they are supposed to represent) of toxic securitized assets to a shadow bank whose business model is to use such assets to fund mainstreet. **Who do you think is going to get hit when these assets melt down?** + +Not financial advice, but shit looks pretty 08'ish if you ask me. Might want to ask your financial advisors what your exposure is to Apollo... + +========= + +**Edits**: + +1. Apollo has a crypto custody product for institutional clients, in partnership with Anchorage Digital, which is the first federally chartered crypto bank. + +2. Apollo, Blackstone and KKR ptobed by DOJ on overlapping board seats - Bloomberg + +3. more info on Apollo: https://www.reddit.com/r/Superstonk/comments/tt21tk/apollo_global_one_of_the_dumb_stormtroopers_that/ + +4. https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html (Apollo is a bidder for Gamestop in 2019?) + +5. Apollo is dancing with Haveli, which is focusing investments in the gaming sector... +[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 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 + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Saudi Arabia will regret its attempt to drive U.S. oil producers out of business by flooding the world with crude, said shale pioneer Harold Hamm. + +In an interview with CNBC on Tuesday, Hamm said the Saudis have created a “predatory” pricing environment. +“The Saudis turned 1.8 million barrels on, and basically their intent was to drown us. But they’ve not got that done. It’s been a monumental mistake for them, I might add, a trillion-dollar mistake,” said Hamm, the founder and chief executive of Oklahoma-based Continental Resources Inc. CLR, -3.97% , a firm that helped pioneer oil production in the Bakken shale region and a key player in the so-called shale revolution. +Analysts, however, have forecast increasing pain for the U.S. oil industry. As many as a third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research, though some may be able to survive if oil rebounds to at least $50 a barrel. + +Hamm told CNBC that the bankruptcy threat has been exaggerated. +http://www.marketwatch.com/story/saudis-making-a-trillion-dollar-mistake-says-us-oil-billionaire-2016-01-12 +So my dumbass just realized this. Not going to lie, I have no ideas who Gary Gensler is and what exactly does the head of SEC do. But during the lockdown, I was preparing for MBA program and so I tumbled into MIT open courses (those are golds by the way, can’t believe they are available for free) and one of the course was taught by the man himself Gary Gensler. My dumbass haven’t looked at this guy history or knowing where he came from. I remember thinking I wish all my professors were this good at lecturers when I was learning from Gary G. Oh man. Long story short and to end this shitpost, Gary Gensler is a great professor and you can find his videos for MIT open courses on youtube. I won’t link them because I don’t want to get perma banned or anything. +This seems like an interesting gamble with a fairly defined outcome date. TWTR v Musk is set to go to trial in Delaware court in October. Everything that I have read seems to point to TWTR winning in one way or another putting them at the $54.20 agreed price. Obviously not a guarantee, but I like the chances of probability. Either way, we should know in October what the outcome of the trial is. + +Buying call options at $52.50 or $55 expiring October 21 or November 18 ($52.50/Oct 21 calls are trading for $0.15 right now) seems like a great risk/reward gamble. + +Am I missing something? +Check my post history, I called this before the first breakout and I’m calling it again. AMC is not only next, it has already started. I expressed the market volume fundamentals the first time, but now I’ll explain why we NEED AMC to be next: + +1. It is justified. I love the fucking movies and I reject bankruptcy motivated short sellers who will kill the employment of thousands of people. I reject them, I reject them, I reject them. + +2. GME NEEDS to be more than an anomaly. If it is our one and only fuck you to the system then it will be forgotten about. If and WHEN it happens to AMC, this becomes a public strategy. + +3. The principle behind GME is also an attack on inequality through a rejection of our current manipulative financial system. Short selling is not just 75% bullshit, during a pandemic it’s 150% blood-seeking. Does anyone really believe AMC would be seeking bankruptcy if not for the pandemic? Hedge fund fucks have been warned — we are COMING for you. + +4. ONE 🚀 is NOT enough. We have many 🦍 and they have mouths to feed. Institutional investors jump from one concept to another; why the fuck can’t we? Why the fuck shouldn’t we? Trick question: these are our rights as investors. + +5. Do people not love the movies? I bought into GME for the cause and because GameStop is a business I support. Frankly, I support AMC even more. I continued being an AMC A-Plus Member through the pandemic because I wanted to support the business. Incidentally, I also hold Apple, Disney, Microsoft, etc. Why is it only okay for me to support and rally for the stock market’s top holdings? + +6. Robinhood and other trading platforms restricted multiple stocks, AMC among them. My personal earnings have been manipulated as have yours. And if trading platforms and hedge funds are allowed to do this, it will forever disincentive public participation in the markets. I have a Bullseye on EVERY stock that was restricted — however, AMC had the most momentum and activity outside of GME, it is continuing to rally, and I will continue to breathe life into it. This level of market manipulation CANNOT be allowed. And, to be clear, this also means I effectively have an ETF at the moment of just stocks that I was told I couldn’t buy — because why? — fuck that level of bullshit, that’s why. + +7. I am tired of money printing and bailouts being used as the only strategy for saving our economy. PRIVATE CAPITAL should also be SOCIAL CAPITAL. The amount of wealth inequality is fucking insane right now. Never in the history of humanity has the concentration of total assets been held by so few hands. The public can’t have a single approach for generating wealth via a transfer back down the chain? Seriously, not even one? + +Look, I have so many more reasons. AMC is due to come back when the pandemic resolves, I love getting handjobs at the movies, I enjoy eating popcorn and watching movies with crowds in front of a big fucking screen and + +I LIKE THIS STOCK. WE LIKE THIS STOCK. 🚀🍿🔥 + +This is a French Revolution of the financial industry, and it is over fucking due. + +LONG AMC!!! DIAMOND HANDS 💎 🙌🖕 +**YNS** = year's net salary at the time + +- + +A bit of background: I'm 43 years old, and I'm a saver. I recognize I've always been too risk averse. + +I started working and investing in 2000. Mostly I bought fixed income products (**1 YNS**). I also bought a few blue chips (**1/3 of 1 YNS**). I didn't know what I was doing. + +Got more serious near the bottom of the GFC when everything was on sale, and threw in some cash (**1 YNS**) into a 'balanced' fund from my bank (no, I didn't know what MER was at the time) over a few months, coming in fairly close to the bottom. Around this time I also started learning about the FIRE concept. + +Life got busy (spouse, kids, house) and I didn't do much for years except save cash. Sold a house, bought a house. Saved more. Did I mention I'm a saver? + +In 2015 I bought some more fixed income funds (**2 YNS**). + +From 2016 to 2018 I added another year's net salary in the same balanced fund as in 2008/09 and opened another global fund and tech fund (about **2 YNS**). I also saved cash. + +- + +I was reading more about investing. My balanced fund had basically doubled from 2009 (more with drips and dividends). But the more I read, the dumber I felt. 10 years wasted investing in bonds and a low-risk fund from my bank. I could have made (at least) double the profit had I invested in a real index fund. By some measures, I could have retired at that point had I invested more intelligently! + +So in my genius, in 2019 I concluded that things were overvalued in the markets. I made the decision to sell and wait for the crash, which surely should be coming. Right? I mean, it's not like common knowledge tells us not to try timing the market right? But hey, I had done it once. I could do it again. I had so much cash, that investing into 2019 seemed insane, when the crash was surely just around the corner... This time I would do it right. Buy index low-cost index funds. Get my 8% per year. Retire in 3 years according to my calculations. + +So I sold nearly everything I had. In fairness, I timed it pretty well. I sold at two local peaks (Easter and start of July). And the market kept climbing. I put all the cash into a bond ladder spaced one month apart with about **1 YNS** in each lot. By the end of 2019, my wife and I were sitting on about **11 YNS** of cash/bonds. + +- + +Then Corona happened. VIX to the moon! Suddenly it didn't seem so stupid after all. I could see that my bank's balanced fund had dropped to below where I sold in 2019. Same with the global fund and tech fund. Finally! A chance to get back into the market, but do it right this time! + +I put in my buy orders at the equivalent of SPY 210, 200, 190 and 180 with **1 YNS**, **1 YNS**, **2 YNS** and **3 YNS**. The plan after that was DCA, whether the market kept dropping or climbed from there. If we didn't reach 180 (for example), I'd DCA either way. It was all going to work out. The market would recover bigly and we'd retire as soon as we hit our number. + +Except I missed it. We hit SPY 218 and started climbing. I bought nothing. Why didn't I buy at 220? Well because I had a plan (and in fairness, we got close). Why not at SPY 230 then? Well because this was *obviously* a dead cat bounce. We'd retest the lows tomorrow. Or next week. Why not at 240 or 250 or 260? Same logic. What kind of moron would buy into a dead cat bounce? Surely we'd start dropping the next day or the next. Most of the TA guys were saying it. Big media was saying it. Unemployment exploding. Oil to zero. Most importantly, I felt it in my gut. It had to be true. + +And today we're at SPY 280 and I'm still in cash. + +I'm watching daily moves on huge companies like Google and Amazon of 2% - 4% each day, and thinking that if I just timed a few of those, if I just knew what I was doing, with the cash I have, I could be making more than my salary. But instead I'm paralyzed because I just don't know enough to get in. I have no idea if Google will go up or down today. I mean, nobody *knows*, but some people seem pretty damn good at guessing. The TA guys I'm following have gained over 1000% since Jan. Holy balls! I'm not even that greedy. 100% would be fine for me... + +- + +So what now? Well, I'm sad and frustrated and don't know what to do. I have nobody in the real world to talk to about this as my wife isn't interested in investing and I keep FIRE private from friends/family. I feel I missed it. DCA in and sleep better at night? Probably the best plan... but I still see this as a once in a lifetime opportunity to invest more actively than DCA each paycheck. Nobody can predict the exact bottom, but if we can get close as I had planned, that would be amazing. In 30 years, this might look like a blip, but if I can buy 100 shares of Google instead of 75 with the same cash, that's pretty good. And what if some of the experts talking about an ETF bubble are right? And what about those speaking about how we can expect lower returns from equities in the coming decade? Arrrrgh!! + +- + +Thank you for reading. + +/rant +https://7news.com.au/news/bushfires/red-cross-under-fire-for-withholding-two-thirds-of-bushfire-donations-c-660715.amp + +https://amp.smh.com.au/politics/federal/research-reveals-concerns-with-charities-over-bushfire-appeals-20200203-p53xcx.html + +https://mobile.abc.net.au/news/2020-01-23/bushfire-aid-row-continues-as-red-cross-attacked-again/11892062?pfmredir=sm + +I'm not even joking. If you're making bank today, don't let your friends sink with the ship. Charities already have enough money, Red Cross got 90 million from the Bushfires and only handed out 1/3 of it. + +Surely you can find people closer to home who really need the help rather than giving it to a bunch of numpty fucks in an office where 2/3 will be saved for a rainy day. +I'd accepted a job offer back in Feb to start in June. Today I get a call to say they are rescinding the offer, but will pay me my 1 months notice. Obviously, I've already handed my notice in at the old company. This leaves me in a shitty place. Is furlough available for me, ant either the old or new job? Or am I just fucked? + +Thanks for your help +Hey PF. Sorry if this isn't the right place to put it, but I need advice and I didn't know where else to go. I've been lurking for awhile now dreaming of the day that I get to put money into savings accounts or start saving for my retirement, but I see no way that it'll ever happen. + +I am 21 years old. I have no education (probably the education of an eight grader, to be completely honest), I work a dead-end job at a deli shop earning 17k a year, and I have no hope for the future. + +I was "homeschooled" from 4th grade to 12th grade. I put it into quotations because I wasn't really taught anything. I can barely multiply large numbers. My mother never really taught me, and I had more days off not learning than I did learning. I have a lot of anger toward my parents and regrets, but I can't put all of the blame on them. I really didn't know until a year or so ago how screwed I was, but I still haven't changed. Growing up, I just sat at the computer all day playing games and being on the internet (seriously, from like 13-18). I never *knew* better. I didn't know how important education was until I've been in a dead end job for 6 years. I don't know what to do, because I know I need to start earning more but I don't know how to begin. + +Current situation: I am 21 living alone and completely self-supported. My monthly income is $1100-1200 (net). My rent is $500, utilities combined are $150-175, phone and internet bill at $50 each. I give 10% of my monthly income to help my sister out. I really don't have money to start school. I don't know how loans work, I don't know how any of this works because I was never taught. What should my next step be? I haven't taken my GED because I just know I'm not nearly smart enough to do it. I've done practice tests online (just brief questions and stuff), and I haven't passed them. + +My boss says that he's leaving at the end of this year and he's going to make me the manager, which would give me roughly $2200 a month. +I have to work 40+ hours a week just to make ends meet and going home isn't an option. I need help and advice. Anything you guys can give me will help me a lot. Thank you. + +Also, I am getting $1400 in tax returns in a week and half, which is going to help me get on my feet, which is also why I am coming to you guys; I need to know the best way to use that money. I was thinking of paying off all of my bills for two months and two months rent. + +EDIT: Thank you all for the kind words, seriously. It just feels nice that there are people out there who care, since I don't have anyone in my life that I can really confide in and really just *open* up (getting a girlfriend is on my list). I've shared today what I've always kept hidden and secret from anybody I know, that I'm failing life and failing myself, but you guys really have helped me. I'm going to follow all of the suggestions here and I'm going to do everything that involves any sort of education. I'll still be around in the following days replying to everybody, but **I am coming back at the beginning of 2015**, and I am going to list all of the things that I have done. Thank you all and see you later. + +EDIT 2: I'm near tears. You guys are really kind, so thank you. I'm feeling really pumped about my future, and that's a nice change, so I feel great right now. Mostly you guys have given me context; I still have a lot that I can do and it's far from over. Thank you all from the bottom of my heart. I can't express enough what your kind words mean to me. + +EDIT 3: I've gotten an overwhelming response in favor of Khan Academy. Rest assured that I *will* be using it to take my GED and then beyond. I'm going to take my GED and once that is finished, I'm going to reevaluate my position and then consider my next step. As for right now I am thinking of attending a trade school. Welding or plumbing, probably. Again, thank you all for the responses, it really does mean a lot. +I work for a large academic institution in WA state as a research scientist. The nature of my work has changed massively over the past two years as I was catapulted to the forefront of COVID research and had the opportunity to work on some incredibly impactful projects. + +My pay for the last two years has been laughably low for what we do (although sadly not terrible for the field) and in August 2021 I had my performance review and my raise was accepted by my PI from 47.5K/yr to 62K/yr and a position change from research scientist to Research Coordinator, which accurately reflected the work I do. Paperwork was submitted to the compensation office by our department's HR in November and my raise was supposed to go into effect on my date of employment in December. I received confirmation in early December that the raise had been approved by the budget office. I have written confirmation from HR that it will go into effect and I will be backpayed to the DOE when the raise would go into effect. + +It's now been almost 2.5 months and they are now saying the compensation office is not approving my request (and the requests of 2 of my coworkers). I like my job a lot, despite the low pay, it has been very beneficial to my future career. I'd like to not have to look for a new job and potentially leverage a counter offer, although I understand that may be the outcome. + +Is this a violation of labor laws? Especially for a public institution it feels very sketch somehow. Thank you in advance for your help. + +UPDATE: Thank you all so much for your responses, it's been really powerful to hear that I'm not gaslighting myself and this is not normal. It's really sad in general that scientists doing such important work are treated so poorly but I guess that's the world we're living in. Research coordinators/scientists are unionizing at my institution but the union has not formed/bargained yet, I am professional staff so this is not a post-doc position. + +Another complicating factor in this are is my plan to apply to med school, this job has set me up really nicely and there is the non-financial perk of publishing which is very important in med school applications. I have been lucky to be published very well as part of our work, but I think they know this is an ancillary benefit and I've come around to the fact that it is not worth staying at a low wage. + +For all of those suggesting I quickly go to biotech, it isn't as easy as it sounds, someone in my group spent a couple months searching and when the got their offer and put in their two weeks, was counter offered higher than the industry job. While I have done wet lab work, I mostly work on the clinical side dealing with people, patient data, regulatory compliance (IRBs) and funders/collaborators. One of the first places I'll check is with pharma companies running clinical trials since that most closely aligns to what I do currently. + +My plan is to go into the meeting from the point of view u/GoblinRaiders has suggest. I know they will immediately say it's an issue higher up so I will ask who I can contact and speak with immediately and start the regular contact. Regardless of the outcome I will be applying to new jobs, either to leverage a high offer, or just leave for greener pastures. + +Update 2 3/17/22 + +After sending multiple emails to compensation and labor relations I just had still not gotten even a two word email reply. So I sent an email saying that this constitutes wage theft under state law and I was submitting a formal complaint to labor and industry unless someone contacted me IMMEDIATELY. 2 hours later someone called my the head of HR from the department and by EOD my raise and position changed had been entered. They still never contacted me directly or answered any questions. I'm glad it went through although it sucked to spend this much time on this and have to literally threaten my employer. I'll be looking for a new job after I finish some things in the next month or two. +https://www.tradingview.com/x/0jvLHQR5/ + +BTC I believe has seen a correction on the bullishness of CME news. Over the course of the next few days, I believe these new ATH have set new price targets for BTC institutional traders and hedge funds seeking to grab BTC before the price exceeds 10k as the future market will likely drive price to 20k-50k +I am looking for all the short comings of each of the apps and would like to get everyone's input. I am considering writing an app because both of those have short comings for me. + +Here are things I think the main things apps lack: + +**BlockFolio** + +* All manual entries and no importing features +* No Dashboard that gives me a snapshot of my initial investment vs gains +* No exports for tax purposes +* Each coin I own does not show +- %, instead it shows the 24 hour change within the coin +* Clicking each coin, the first tab is stuff i dont really care about, I want to show how much I am up, not what the current values are. +* Does not show price per unit if multiple trades happen within a coin (looking for average per coin) +* Does not show market caps of top coins +* Able to add multiple portfolios, for example if i want one set that shows all the ICOs i am in + +**CoinTracker** + +* Cannot easily show values in BTC/USD and switch easily +* All trades have to be imported/added using the website app vs the native app +* Just a view of the website info, very limited vs what the website shows +* Does not show market caps of top coins +* Able to add multiple portfolios, for example if i want one set that shows all the ICOs i am in + +I can nit pick on a lot of other stuff as well but I think a better app can be written that that gives best of both worlds and add anything that is missing from both. + + +Hey everyone, I'm invested in both of these coins and I was wondering, with the upcoming split, if it would be wise to transfer some of my BTC to LTC. I understand the need for BTC currently since it is effectively the underlying "value" for most of these alt's, but I truly believe I the future of LTC. Just trying to get some opinions. Thanks! +Can someone help me see the value here? + +I understand creating digital art and selling it. But now everyone’s an artist, sharing their shitty graphics or uploaded photos for crypto (aka your money). Wtf? + +I can understand genuine talent and cool pieces, but buying some hastily crafted paint.net ‘drawing’ doesn’t really make sense to me. + +What does make sense is using cryptos on emerging platforms as payment, instead of digital fiat, and simply having effortless and attractive digital wallets for those. This would incentivize the use of cryptos, and the want to gain useful skills (to develop platforms) on blockchain. + +I spent time looking at AAVE. I see genuine use there - a borrowing / lending service for crypto. Cool. MANA, GALA, most of these are contingent on people actually using the platform behind the coin. Otherwise, it’s dead in the water. + +A lot of them can be cool and useful, but some only seem probable if the service / platform is used and takes off. + +NFTs? I don’t see a surge of people rushing to buy digital art happening any time soon. Some of these market-based coins seem silly to me. + +I’d say if you want to play crypto smart and land on the next Bitcoin, look for intrinsic value and supply. + +Others can be utilized in your favor, but most don’t really have the community backing or awareness or platform development to really have the intrinsic value needed to be decent. +Hi all, + +Disclaimer: I'm hodling eth. + +My thinking is that the ethereum price is made up of actual costs, plus speculative value. + +Actual costs = cost of securing the network (bandwidth, electricity, hardware costs etc). This would be the price of an ether in a perfectly competitive market. In an equilibrium then as long of mining is profitable more miners will join the fun, reducing the profit for existing miners. Likewise if the price for an ether dropped then some miners would leave until equilibrium is reached. (I know crypto definitely isn't in perfect equilibrium but run with me here). + +Speculative cost = Hodlers who expect cost of securing the network to increase. + +So the only uses for the ether token are: participating in ICOs and paying for the cost of securing the network via block rewards and transaction fees. Vitalik has stated before he does not believe ether will be used a currency ever so this is not a use. Sorry for no sauce. + +Given ether will never be used as a currency we can assume any one that conducts an ICO will then cash out their ether to fiat in order to pay actual real world costs (salaries, rent). + +So whilst the ethereum network is growing and is POW then there is value in hodling. + +But once we move to POS then the cost of securing the network will drop dramatically removing the first source of value. The only way to get reward for securing the network will be transaction fees. Further if ethereum is to be a competitive platform there must be small transaction fees otherwise users and developers will migrate to a blockchain platform where the fees are smaller. So staking won't be very profitable as transaction fees between blockchains will be a race to the bottom. Even now we can see people migrating to the cheaper to use blockchains. + +The second source of value is ICOs. But given developers will cash out their tokens and will price their target market caps in a fiat target (ignoring the current eth rate) then users will simply be able to buy in to eth at the going rate and immediately commit it to the ICO of their choice. + +So there is no value of hodling eth once POS is completed? Is there even a point of hodling any POS coin? + +I imagine I am wrong as frankly Vitalik would have thought about this. Can anyone explain what will give ethereum value in the future and why anyone would want to stake coins? + +Edit: words, grammar, sentence structure, formatting, all sorts tbh. +Welcome to the /r/CryptoMarkets Daily Discussion thread. The thread guidelines are as follows: + + *** + + The thread guidelines are as follows: + + - Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + - Breaking news or other important content should be submitted as a separate post. + - Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, [see here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + - Follow the golden rule and be excellent to each other. + + *** + + Resources and Tools: + + * Consider joining one of the r/CryptoMarkets chat groups, [see here](https://goo.gl/qnZ1mj). + * If you are using RES, please click the subscribe button below to be notified when new comments are posted. + * 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. + + *** + + Thank you in advance for your participation. Enjoy! +It seems to be a pretty commonly held belief here that time to FI is purely a function of your savings rate. For instance, if you are making 60k and saving 30% then you are living on 42k and you will need ~1mil to retire according to the 4% rule. Does anyone else feel that upon retirement they intend to actually spend more than they did in their pre-retirement lifestyle? + +I understand that this will take longer to save this amount of money (assuming I follow the 4% rule or similar). Sometimes I just feel like I won't be able to sustain my frugal lifestyle for the rest of my life. +This is just a reminder for some: + +Haven’t we learned many months ago that the DTCC waived margin requirements in January 2021 and were complicit in stopping the GME run? This was just now confirmed from a somewhat reliable source. + +The DTCC is an exclusive club of the very firms who so desperately want to GME to just go away. This is all old news. That is the very reason DRS is such a big movement now. Removing your shares from the DTC! + +The short covering always had to be forced another way. Ways which I won’t get into now. All those Maxine Waters (or whatever) reports shows is that we were a 100% right back in January/February 2021 again! + +DRS and RC is all I trust will make this investment blow the fuck up. + + +Edit: Thank you u/hmhemes for the correction. + +It was collateral requirements that were waived not capital requirements to begin with. + +So it’s even more of a moot point that this is being used as FUD. But no one should expect DTCC to enforce any risk management procedures if it doesn’t serve their own interest imo. + + +Edit 2: I’m now seeing a lot of so called “counter FUD” posts saying “DTCC will be making calls and everyone saying/thinking otherwise is a paid actor and so forth. They’re all 1 year old accounts” yada yada. There are new MOASS rules implemented that weren’t there last year so they had to protect themselves etc. + +That might all be true plus I haven’t been accused personally but just wanted to clarify. I don’t feel defeated at all and the opposite of hopeless. This company is the future and DRS is the way. + +My point was that that “news” today wasn’t real news and I’ve thought all along MOASS will at least ignite through different means anyway, where we don’t need regulatory intervention. I have ultimate conviction in RC and the company but none whatsoever in the DTCC, that’s all. +I'm looking for a book that will cover in depth strategies and information related to how to optimize the use of different investment accounts, and haven't found much on the topic. The only book I've found in my search that seems to meet what I am looking for is "IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out" by Twila Slesnick. + +&#x200B; + +Does anyone have experience with any good resources on this topic? +I worked for a company a couple years ago that was moving into a new facility. Warehouse needed to be able to hold multilevel racks as high as possible. + +Well The person with our company who signed the lease and declared the facility fit for our needs didn’t know the codes. We moved in and within a couple weeks the fire inspector came in and shut us down for not having the proper clearance between top of our racks / shelves and the sprinkler system. They literally won’t let you stack shit so high it could touch the sprinkler system or prevent those sprinklers from disbursing water. + +This story just reeks of foul play. + +Interesting comment from u/dyrnwyn580 (can’t post due to Karma) + +Can’t post BC low-karma. The school I work at has the same situation in classrooms and storage rooms. Assistant Director of facilities makes monthly checks. On another note, let’s pretend the pipes did break. Either one section broke and others would still be functioning, or one section broke and all water was flowing out into the room because the sections weren’t conpartmentalized. There’s a minimum of five sprinkler heads per 1000 ft.² and the building was 250,000 ft.². That’s 1250 sprinkler heads producing 25 gallons per minute each for eight hours. That’s 15,000,000 gallons of water. Look behind the news anchor. Nothings wet. + + +The last one was really good, i got NBS and FUN out of it, feel free to shill any coin you like. + +Cause the post is too short, im gonna transcribe a text about narwhals: + +Like the [beluga](https://en.wikipedia.org/wiki/Beluga_whale), narwhals are medium-sized whales. For both sexes, excluding the male's tusk, the total body size can range from 3.95 to 5.5 m (13 to 18 ft); the males are slightly larger than the females. The average weight of an adult narwhal is 800 to 1,600 kg (1,760 to 3,530 lb). At around 11 to 13 years old, the males become sexually mature; females become sexually mature at about 5 to 8 years old. Narwhals do not have a [dorsal fin](https://en.wikipedia.org/wiki/Dorsal_fin), and their neck [vertebrae](https://en.wikipedia.org/wiki/Vertebrae) are jointed like those of most other mammals, not fused as in [dolphins](https://en.wikipedia.org/wiki/Dolphin) and most whales. + +Found primarily in [Canadian Arctic](https://en.wikipedia.org/wiki/Northern_Canada) and Greenlandic and Russian waters, the narwhal is a uniquely specialized Arctic predator. In winter, it feeds on [benthic](https://en.wikipedia.org/wiki/Benthic) prey, mostly [flatfish](https://en.wikipedia.org/wiki/Flatfish), under dense [pack ice](https://en.wikipedia.org/wiki/Pack_ice). During the summer, narwhals eat mostly [Arctic cod](https://en.wikipedia.org/wiki/Arctic_cod) and [Greenland halibut](https://en.wikipedia.org/wiki/Greenland_halibut), with other fish such as [polar cod](https://en.wikipedia.org/wiki/Polar_cod) making up the remainder of their diet.[\[5\]](https://en.wikipedia.org/wiki/Narwhal#cite_note-5) Each year, they migrate from bays into the ocean as summer comes. In the winter, the male narwhals occasionally dive up to 1,500 m (4,920 ft) in depth, with dives lasting up to 25 minutes. Narwhals, like most toothed whales, communicate with "clicks", "whistles", and "knocks". + +Narwhals can live up to 50 years. They are often killed by suffocation after being trapped due to the formation of [sea ice](https://en.wikipedia.org/wiki/Sea_ice). Other causes of death, specifically among young whales, are starvation and predation by [orcas](https://en.wikipedia.org/wiki/Orcas). As previous estimates of the world narwhal population were below 50,000, narwhals are categorized by the [International Union for Conservation of Nature](https://en.wikipedia.org/wiki/International_Union_for_Conservation_of_Nature) (IUCN) as "nearly threatened". More recent estimates list higher populations (upwards of 170,000), thus lowering the status to "least concern".[\[4\]](https://en.wikipedia.org/wiki/Narwhal#cite_note-IUCN2017-4) Narwhals have been harvested for hundreds of years by [Inuit](https://en.wikipedia.org/wiki/Inuit) people in northern Canada and Greenland for [meat](https://en.wikipedia.org/wiki/Whale_meat) and [ivory](https://en.wikipedia.org/wiki/Ivory), and a regulated subsistence hunt continues. +This is NOT DD but more so my speculation from scouring the internet and what I have discovered. **Interpret it as you'd like.** (This is also my first Reddit post, so please don't be too harsh) + +For those that have performed DD, you know CEO Ted Murphy has been counting down to Friday, with the first mysterious message this past Sunday. These cryptic posts can be found on IZEA's Twitter and Instagram. Each message has had lyrics to Harry Belafonte's calypso song, *Jump in the Line (Shake, Senora)*. + +([Twitter](https://twitter.com/izea) \---- AND ------ [Instagram](https://www.instagram.com/izea/)) + +Additionally, with each message there has been a PR directly from IZEA or some sort of news: + +(Sunday: [Zacks upgraded IZEA from Hold to STRONG-BUY](https://zolmax.com/investing/izea-worldwide-nasdaqizea-upgraded-to-strong-buy-at-zacks-investment-research/4246644.html)) + +Monday: PR from IZEA [Announces NEW Fortune 500 Customer](http://www.globenewswire.com/news-release/2020/06/08/2045140/0/en/IZEA-Announces-New-Fortune-500-Customer.html) + +Tuesday: PR from IZEA [Announces New Contracts with TWO Fortune 500 Retailers](http://www.globenewswire.com/news-release/2020/06/09/2045887/0/en/IZEA-Awarded-New-Contracts-by-Two-Fortune-500-Retailers.html) + +SO what is IZEA announcing Friday? Maybe revealing the *NEW* Fortune 500 customer. Maybe revealing the two Retailers that renewed contracts with IZEA, one of them a **Fortune 10** customer. + +[Current FORTUNE 10](https://preview.redd.it/83vzg0hu2z351.png?width=639&format=png&auto=webp&s=3d5904999c04eb786904c21c5a6e3626e79288c1) + +On IZEA's [Customers landing page](https://izea.com/managed-services/our-customers/), Wal-Mart is (technically) the only current Fortune 10 company that previously has had a contract with IZEA. + +https://preview.redd.it/pn2v0ffy2z351.png?width=995&format=png&auto=webp&s=471d7a737bf9826697169060a5e62a1baa2473ec + +However, we know that [Twitch and IZEA are already in bed together](https://izea.com/influencer-marketing/twitch/). And who owns Twitch? Yep, you guessed it...AMAZON. Could Amazon indirectly be the Fortune 10 customer because they own Twitch? Maybe. But Twitch is not on the above Customer's page which was surprising to me. + +This brings me to the Jump in Line lyrics that have been used as captions on each of the Social Media posts so far. The song has had appearances in: + +1. [The Little Mermaid](https://youtu.be/5p6DUZUFC7E) +2. [Beetlejuice](https://youtu.be/QooqZkNk8Bw) +3. Even [Pitbull and T-Pain made their own version](https://www.youtube.com/watch?v=AmuKdoe8MvI) (screenshot of lyrics below so you don't have to listen to the song....) +4. Steve Wozniak + +&#x200B; + +[Shake Senora lyrics](https://preview.redd.it/xqspo4956z351.png?width=379&format=png&auto=webp&s=ef15c6818331ec2f9202fd9113c19884e95cef71) + +&#x200B; + +**The Little Mermaid**: Disney is currently ranked 53rd in the Fortune 500. That eliminates them from being the Fortune 10 customer. Have they had a previous contract with IZEA? I couldn't find anything publicly but did confirm [the CEO has consulted with Disney before](https://izea.com/company/leadership/ted-murphy/). + +* [IZEA HQ is in Orlando, a short drive from Disney World](https://izea.com/contact-us/orlando/) (Keep in mind that Walt Disney Co. is technically HQed in Burbank, CA) +* A Live-action remake of the Little Mermaid, originally announced back in 2016, was originally scheduled to begin production in April 2020. Then COVID happened. [Filming is now expected to begin as early as JULY 2020](https://en.wikipedia.org/wiki/The_Little_Mermaid_(franchise)#Live-action_remake) +* [They have finished recording all the music for the film](https://thedisinsider.com/2020/04/17/first-look-at-prince-erics-castle-for-the-live-action-the-little-mermaid/) + +**Beetlejuice** + +* Distributed by Warner Bros. A sequel has been shelved as of April 2019. +* One of the most memorable appearances of this song was in Beetlejuice during the climax of the movie. +* Warner Music Group ($WMG) - On June 3, WMG officially had its second IPO on Nasdaq (went private in 2011), raising $2 billion with a valuation of $12.75 bilion. +* Could there be some connection to WMG? Unlikely, since Harry Belafonte released all his albums with RCA Victor which is owned by Sony Music. With no sequel in the works and Sony owning rights to Belafonte's albums, it's hard to find a connection there. + +**T-Pain** + +* In a "random" social media post today, IZEA gave a shoutout to a past marketing campaign for [Target and Trident Gum](https://www.instagram.com/p/CBN8qj5h0OB/) +* I reached out to the users tagged on this post to find out how recent the campaign happened but received no responses. +* HOWEVER, this past February, T-Pain had a pop-up performance in Chicago to unveil his partnership with Trident Gum and drive awareness to their new product Trident VIBES gum. +* Yes, T-Pain was featured in Pitbull's rendition of Shake Senora, AND partnered with Trident Gum for this recent marketing campaign that IZEA spotlighted on its social media accounts TODAY. + * "The campaign produced 41 pieces of content, 295k+ social interactions, and an engagement rate of 10.32% 🎯 Instagram stories drove 11x more click through traffic to the coupon redemption page than Instagram photos in this campaign" +* [Trident's IG post revealing T-Pain partnership](https://www.instagram.com/p/B9Xio9NhifB/) +* This still seems like a stretch to me, but Target is actually on IZEA's customer's page (link above), right next to Wal-Mart.... +* **Apple** +* This one seems furthest from likely, but I wanted to include all my findings. +* In 2009, in season 8 of Dancing with the Stars, Steve Wozniak danced a Samba to this song. +* It was terrible lol. He got a 10 out of 30, the second lowest score in the history of the show. "It was the only dance that got 3s or less and was not the celebrity's final dance." +* Steve Wozniak co-founded Apple with Steve Jobs and AAPL, as you know, is #4 in the FORTUNE 10. + +&#x200B; + +So, this leaves us with the perpetual question: + +# What does it all mean? + +Well, I don't fucking know. But let us commence this Discussion. Share your feedback. Share your own thoughts that might connect some dots I didn't. Hell, maybe it'll become a megathread by Friday's announcement. I will add on as I make new discoveries. Bless everyone that is along for the ride! And cheers to all who may profit from IZEA. + + + +OP's Investments into IZEA: + +Currently, here is my investment. + +https://preview.redd.it/xpgo5cuihz351.png?width=646&format=png&auto=webp&s=5ed3fa6bb775b22f4688b1fc4bea900864dc03e0 + +Last month, I had owned 5,547 shares at an avg price of 0.6199. + +https://preview.redd.it/18tqh3tmgz351.png?width=701&format=png&auto=webp&s=9221064dfc0547716cfa2d4f850cf576bb0f86f1 + +With weak hands, I regrettably sold for a loss to put that equity elsewhere. + +https://preview.redd.it/rbrnongogz351.png?width=704&format=png&auto=webp&s=9c2e106b100f12a4e8244f1dfcb491f451d1d2c1 +I recently found out about a $65,000 property that may be an incredible deal for cash flow. I have never bought a house at a price this low before but I know that it's a solid deal. I contacted a large national bank and learned that the interest rate and fees are much higher for small mortgages. I can't find much information about this online. Do all banks charge a higher interest rate at this level of pricing? Are there any strategies for getting around it? (For example, could you buy two houses that are next door to one another and put them under a single mortgage?) +For those of you that have used private money lending to fund your deals, how do you go about acquiring those funds from the person? + +Is it just as simple as asking for the money or is there more to it? How would the terms work for that kind of loan? + +Where would you go to find private money that would be willing to invest? +Has anyone bought a multi family with a purpose of living in one of the units and had to remove a tenant so you can live in it yourself?? How was that experience? +Most of us apes should know this by now, but maybe some don´t, so here we go: + +Everybody needs to understand that there is no real short squeeze/margin call/MOASS without a significant increase in volume. Why, you might ask? + +&#x200B; + +1) There will be a lot of FOMO when the price skyrockets => more volume + +2) There will be huge volatility, so daytraders and algos will use this to make some profits => more volume + +BUT MOST IMPORTANTLY: + +3) When the real MOASS starts, Citadel & Co. need to buy back ALL available shares multiple times (Short interest >100, maybe even >420%,) => INSANE AMOUNT OF VOLUME + +&#x200B; + +How much volume are we talking? Nobody knows for sure, but have a look on January: + +https://preview.redd.it/90hiugjkip271.png?width=598&format=png&auto=webp&s=9e317c9c83c1de1e3f72d2612af40c8ec2dcc3e9 + +See this insane amount of volume? That\`s AT LEAST what we need in order to know that the MOASS is happening. Also, have a look and compare it to the volume we are having right now => WE ARE NOT EVEN CLOSE TO A MOASS!!! + +Let´s have closer look into the volumes from January: + +https://preview.redd.it/lv1t0bc0jp271.png?width=1229&format=png&auto=webp&s=616121dc9f415274bac86d7384b914cbd8cb7b1c + +We had almost 600 milion, yes 600 MILION shares traded within three days. Almost 10x of all shares, that actually exist (of which like 60% were in instituional hands and weren´t traded). + +So imagine how high the volume will be, when the real MOASS happens...IT WILL BE HUMONGOUSLY HIGH. + +Also important: The highest price of 483$ was two days after those insane volumes. So don´t be scared about things like "Will I miss the perfect time to exit? It might be over so quick!" + +&#x200B; + +BUT MOST IMPORTANTLY: No matter how high the price goes...e.g. after the days of the annual meeting (9th June), when Papa Ryan Cohen will announce that the real short interest is around 42069%.... + +...If the volume doesn´t increase RAPIDLY and I mean REALLY REALLY RAPIDLY, we still haven´t started the MOASS. + +It MIGHT be possible that we see higher prices very soon without actually initiating a margin call instantly. So even if the price goes to 1k$, 5k$, 69k$....ALWAYS look at the volume, too. And if the volume isn´t skyrocketing, then the price doesn´t fucking matter because then MOASS yet hasn´t started! + +&#x200B; + +TLDR: MOASS only possible with rapidly increasing volme! Don´t even think about selling, no matter what price we currently have, when we haven´t seen at least the same amount of volume like in January. +Hi! I’ve recently been looking at places in the inner city (Sydney), and most decent places are at least a million. That’s definitely out of my budget, but that got me thinking. + +There’s a lot of people who talk about wanting the housing market to collapse so that younger people would have a chance to get a home of their own, so if it does collapse, what’s the kind of price range that homes in the inner city (Syd) would fall to? Like would a million dollar home drop to $800k? $500k? Or maybe even 1/10th at $100k? + +Is this something that people have estimates and theories for or is it impossible to predict? +Im moving to a student dorm and if my calculations are correct after rent ill have around $40 per week left over, is this enough? +Ive never rented before so i don't know if this is a lot or a little after rent costs, nor do i know how much my groceries will cost for a week + +Also how much do u spend on groceries? Now and when you used to be a student? + +Edit: my mother said if I ever need any money if I'm struggling for food or petrol or whatever she said she would help me But I don't want to rely on that because I think it will teach me a valuable lesson on budgeting and other valuable life lessons you learn living on your own + +Edit 2: i've been reading some comments how much do you think is a safe amount after rent per week? +Edit 3: I just wanted to thank everyone for being kind and respectful :) +Hi, I'm still learning financial literacy and still trying to make sense of alot of things discussed on this sub and maybe my title wasn't the most fitting but what I mean to ask is, If the first home I can afford is not my future / forever home and is like a small 2bedder, how is that meant to help me buy a larger home in the future ? Even if the value of the 2 bedroom house increases and I sell it once my mortgage is paid of many years later , hasn't the price of all the larger houses I might want to purchase also increased? So even if I made say x amount of profit on the sale, wouldn't the price of the larger house also have increased by around x amount ? And this isn't even factoring into account things like stamp duty and the interest paid on the loan. + +Is it just because I'd only have to take a smaller loan, if I've already got the proceeds from selling the 2 bedroom? + +Much appreciated, thanks +I posted a meme, not original by any means, but it's basically the harder you work the more wealth your employer gets while you stay the same. Its an over done joke. But the amount of replies I get that said "well syart your own business." Is kinda disturbing because they are missing the point that a lot of workers in all areas of employment feel which is productivity is at an all time high yet wages and time to yourself is low. Even nurses who have a great benefit of 3 or 4 days off say " the first day off is purely to stay in bed and recharge." Like I don't think that's something we should ever accept of life, that you would need to recharge from a job. So the option is either that or be your own boss which itself comes with it's own stresses. +I have to make a decision whether to purchase(exercise) my options that are vested for $450k after leaving my last job at $lastco tech company recently. + +My situation: + +* Age: 36. +* Current NW $3.2M (not incl company equity) +* Split into: +* Liquid (indexes/stocks/cash): $2.2M +* Real estate (excluding debt): $700k +* PE/VC: $300k + +I have recently taken a new role as an exec at a fast growing early startup $newco. TC at new role: Cash \~$350k, equity between 1-2%. (At today's valuation equity is around 600k per year highly likely to multiply). + +&#x200B; + +At $lastco, I have options vested (ISO/NSO split). + +Company details, it has done ok. But probably 4-5+ years till exit (IPO unless acquired earlier). + +* \~10 years old +* SaaS +* A few years ago goals shifted towards profitability. +* Due to which: Growth slowed down last couple years. (biggest concern) +* Profitable now and around \~30M ARR. +* Last round of funding was 5 years ago. +* Focus back on growth this year. +* New revenue team in place, strong execs (sales/marketing/ops). + +&#x200B; + +Option details: + +* Worked there for around 8 years. So biased towards a positive outcome. +* I have already exercised 25% of my options 4 years ago. +* Have to make a decision whether to purchase the remaining 75% of my options that are vested. +* Total price required to exercise all my options: \~$450k +* Strike price and FMV are almost equal. So negligible taxes (\~$500). +* At the valuation of 5 years ago (last round of funding) at preferred stock price, the value of exercised stock = $1.3M + +Would you exercise and put in the $450k? It represents around 15% of my NW. I am leaning towards exercising. + +If I don’t do this, my alternative investment with $450k would be to put it into VTI. +Having traded since the late 90's, I can sincerely state that it's been easier then ever to make money. You have to realize, there is someone on the other side of the trade. That someone might be a fund, an algorithm or some rando like me. + +Since March 2020, the sudden volume of new participants has made the whole thing significantly easier because everyone who has done this for a long time sees the exact same newbie tendencies in themselves decades ago. Except the volume is 1000x + +Here are my 2 cents for what it's worth. Hopefully y'all come out of the other side of this. + +1. "You don't lose till you sell" (sunk cost) is bullshit. If you enter a trade without a hard downside limit to get out, then you are gambling, not trading. + +2. If you don't have a hard exit of which to set your exit point with trailing stops on the upside, you are gambling and not trading. + +3. Those YouTube video with literal children telling you which stocks to pick and how to read charts are peak stupid. That said, note what they are pumping because you know everyone else will be, creating a nice feed forward loop. + +4. You don't have to make all the money. You just need to make some money. This little reminder is probably the main reason I'm successful. Before you fomo in, say it to yourself. +This is just a heads up to those using PayPal to either sell bitcoins, or those using BitPay/Coinbase in conjunction with PayPal. + +**TLDR: I started a website in April to sell products for bitcoins. I offered to give bitcoins to customers purchasing via PayPal. This violated PayPal's Terms. They gave me two days to stop, requiring affidavit to be notarized. No notaries were available, as these two days were on the weekend. By Monday, they just decided to end my service. If you're using PayPal and Bitcoin as payment methods, you may be okay, but be careful how you market. Learn from my mistake(s).** + + started selling brand name and budget electronics for bitcoins in April. I decided to give my customers an option to pay with PayPal or BitPay. If they paid with PayPal, I'd give anywhere from 0.001 BTC to 0.50 BTC to them for free, depending on the item. It usually worked out to a 10% rebate. If they paid with bitcoins, I'd give free shipping and 10% off the sale price of the products. + +Things were going great until PayPal somehow found out. I was asked not to continue that incentive marketing model, which I agreed to. I got an email on a Saturday, requesting a signed and notarized affidavit, and by Monday, before I could even provide the info, they just decided to hell with me. They told me they didn't want to deal with a site that was selling using bitcoins. Blew my mind. + +I've checked out a couple payment providers available to Canadian business and one wouldn't allow me to sell products for bitcoins on the same domain as non-btc purchases that they would be used for. + +So, I've switched to a bitcoin sales model only, using BitPay and Coinbase and I'm continuing the free shipping. + +**Edit:** Because my inbox is exploding with people asking for the web address, it is [btcfever.com](http://btcfever.com). I honestly didn't expect such response from my inane ramblings over the foul taste that PayPal has left with me. + +I've decided, for at least the time being, that I will only be only accepting payment via BitPay and Coinbase. + +To be fair, I had made a blacklist of users that had made purchases via PayPal, received the "free bitcoins" and then filed an unauthorized dispute via PayPal (thankfully, prior to me shipping the goods), but the bitcoins were lost. I hadn't published the list, as I wrote it in anger, and as an old friend of mine always said, never send an email (publish a page) when you're angry. Wait until you've had time to cool down and re-read it. I had marked the page as hidden on my Big Commerce site, unaware that it was actually published. (A Reddit user brought it up here). I have since removed the page all together, as I did refer to an individual as "an idiot that costs us money." Chances are, this was the claim that caused PayPal to investigate my account. + +In their eyes (and probably the government's too), I was operating a Money Services Business. I was neither licensed nor registered to operate as such, which may be the inaccurate information that was included as one of the reasons why my account was closed. + +My primary goal is to delivery brand name and budget electronics and gadgets for bitcoins at reasonable and competitive prices. My attempts at giving away bitcoins with each purchase was to spread the word about bitcoins. I want to get more people interested in using the currency, which will benefit the entire bitcoin community. + +**Edit 2**: PayPal just called me with some information that may be of interest. + +They have informed me that due to the recently high number of transactions involving bitcoins, usually for sale via eBay (which allow the sale of bitcoins at the present time, as long as they are listed in either a classified format or in the category Everything Else/Other), or via other websites - PayPal on the other hand will not allow people to sell, or transfer any amount of bitcoins in relation to a sale via their service. + +This is due to numerous chargebacks by users buying bitcoins, then claiming unauthorized payment, or other such disputes. This is risk management on their part and I completely understand it. They were very polite and knowledgeable, and I think this clears up some of the ambiguity as to why PayPal isn't dealing with businesses that are doing transactions involved with bitcoins (giving away bitcoins with a purchase like I was doing led to at least once instance of a customer receiving the bitcoins and filing a dispute). + +I'm not sure if PayPal is against bitcoins, as recent talks from PayPal representatives have seemed to be positive (with possible future implementation of the bitcoin currency added to their service). But that's just imho. + +There is still no word on whether I will be allowed to do business with them in the future, but frankly, I'm not interested. I'm sticking with a bitcoin sales only model. There is less risk to me for chargebacks and I have more control over issuing refunds to ensure customer satisfaction and loyalty. I believe the very nature of the bitcoin transaction reduces fraud and protects sellers far more than other methods. + +Buyers however need to be assured that once they send their bitcoins to a website (especially a new website like mine), that they will receive their product and not lose their bitcoins. So if you are interested in spending bitcoins and you are not sure whether you can trust a website (it's very easy to make an e-commerce site and add a bunch of products), either don't make the purchase if you're not comfortable, search for reviews of the site, or find a site that has been well established. Yes, I may be talking myself out of some sales, but I believe that it is now up to sellers to ensure the integrity of the bitcoin community. +Anyone own a high end vacation home that they rent out a sizable portion of the year? + +If so, what do you see for net income as a percentage of purchase price and/or market value? +My mom has Huntington's Disease. She hasn't been officially diagnosed yet, but at this point the doctor says that any testing for the Huntington's gene would just be confirmation testing. The reason they've held off on the genetic testing is because the doctor recommends that all her children set up some kind of long term health care insurance or something. Once Huntington's shows up in our medical history, the doctor said costs would go way up and many agencies would deny me any sort of long term care insurance. + +I have done a little bit of research, but I am just so confused and overwhelmed. The insurance agencies I've looked at so seem to work exclusively with people aged 55+. Even then, the cost seems like it's extremely expensive, to the point where I would basically end up paying 100% of the cost of the care, just over a long period of time. If that's the case, maybe it would be better to just put the money into a savings account or something and not deal with an outside company. + +I don't know. I'm in way over my head. Anyone have any experience or suggestions? +I'm fairly comfortable teaching financial literacy to high school kids and young adults. I am comfortable chatting with financial advisors (I don't have one), and I am comfortable buying my own stocks and mutual funds via discount brokers. + +My husband and I both work full-time with a combined income of $110,000 (rural Ohio, low cost of living) We have an LLC with ten rental houses, $775k in traditional and Roth IRAs, and regular JTWROS stocks and mutual funds. At age 65 we should have two meager SS pensions, and a 25-year teachers pension, and a 25 year Public Employee govt pension. We are frugal and live simple lives, and have a current net worth of around $1.8 million. +We have two kids, 26 and 24. The younger should graduate from college next year and the older has her MBA in Finance. + +So far, I have taken care of all the long-term financial planning, because it's sort of a hobby. But now, as I turn 60, I am getting uncomfortable because my 100% stock portfolio has been lucky for us, and I have to admit that I don't know how to proceed with other aspects of financial planning. I have a great attorney, but he's 74 and wants to retire. I have a CPA who does nothing more than use a computer program to fill in my taxes for the LLC. His wife is deeply involved in Multi-Level Marketing, so I don't have much respect for his money savvy anyway. + +I don't have a financial advisor, but I recently met with a guy I liked. He called himself a "wrap" and he's interested in managing some of our assets for a 1.5% annual fee. In the same conversation, he offered to drop it to 1%. I think he's smart, but others are telling me that we don't need him because all we need is a good tax accountant. I feel lost trying to figure out what steps I need to do to plan for retirement and I don't know who I should be seeking for help. +Hello everyone! Im currently a young adult serving National Service and gets an allowance of a few hundred per month. As I receive a higher allowance than my cousin who is also serving, and because he is paying for driving lessons, I started to pay for my brother mobile bills and my own mobile bills as well so as to gain a bit of experience in money management. From next month onwards, I would receive an allowance of 980 until Nov 2020 when I finish my duties. + +I would like to know how can I manage my money well in this time and what it should be used for? Should I just wait until next year and invest my money or invest the small savings I already from these few months of service. + +Additionally, I feel that I have huge problems contending with my wants as I tend to cave in to myself buying stuff that I really want ( I actually use them but sometimes it is a desire not a need ). For example, I told myself that I already bought 2 Game Guides ( Sekiro and Dark Souls ) that cost me 124 bucks in my country, and that I should not spend on myself anymore but I bought another book I liked for 40 JUST NOW due to how value it was ( cheaper than per normal ). This brings me to my question, when should I treat myself and my family and how much should these treats be? + +FYI: I checked my expenditure history and realised that I spend approximately 200 to 300 per month on food, transport, health, my Wants and treating my family to food. + +P.S. Sorry if im terrible at expressing my questions and thoughts as I have no idea how to title this post and if there are any rules I broke, please tell me so I can edit or take down my post. ( Im not familiar with Reddit and cannot simply find the page with rules ) + +PEACE! +Hi all, I need some advice on my situation, I am a bit unsure on what to do. I am 25 YO M, married. + +Yearly income 45k€ after tax +Investment account 10k€ +Savings 20k€ +Student loan 14k€ (1% interests) + +I am now hesitating if I should buy an apartment for me to live the price where I live are currently 300k/350k or stay in my current appartment where I pay 800€ per month and invest the remaining in stock. + +Our current saving rate is 34%. + +Thank you all in advance for your help +I have $4000 in my trading account. Why shouldn't I sell 3/4 of it, buy 100 shares of PLTR, and just sell calls at this point? If they get sold away, no problem. I still profited, and I can buy 100 more until they quit getting sold. Or switch to another stock. I can lock in $100 guaranteed a week right now on calls. I feel like it's the safer way of doing this right now, while still feeling like I'm trading. +A new documentary named, *Minimalism: A Documentary About the Important Things*, was just released on Netflix. + +Has anyone watched this yet? Any opinions on the minimalist mindset coupled with a quest for FI/RE? How do you think this should this be viewed? Do you think the creators of the documentary are being hypocritical in the sense that the only reason these two were able to quit their jobs was to promote and build their business? They built something, a different model to live by, and they market this model to the masses. They are essentially living off of selling us this paradigm to live like themselves. + +Regardless, I think this is at the very worst a thought-provoking film. I like the overall message and think it meshes well with the frugal and efficient lifestyle this sub-reddit embodies. I look forward to hearing all of your thoughts. + +----------------------- + + +**TOPICS TO CONSIDER:** +-Quality purchases vs. Quantity purchases +-Physical items vs. Digital content +-Sacrifice- Give up something for something greater +-Consumerism vs. Minimalism - A middle ground? +-More specific marketing methods - Circumvent marketing to parents, now marketing straight to kids (McDonald's Happy Meals, Gendered toys action figures/dolls) +-Once luxuries crept towards necessity today +-"Safety stock" for important items? Replacement shirt if it rips, extra cups for potential guests, extra batteries, etc. +-Tiny Houses movement +-Tiny people - teaching children the important of frugality +-Netflix worth it (a little off topic) + +----------------------- + + +"“It's clear that the true problems of our Nation are much deeper - deeper than gasoline lines or energy shortages, deeper even than inflation or recession…In a nation that was proud of hard work, strong families, close-knit communities, too many of us now tend to worship self-indulgence and consumption. Human identify is no longer defined by what one does, but by what one owns. But we’ve discovered that owning things and consuming things does not satisfy our longing for meaning. We’ve learned that piling up material goods cannot fill the emptiness of lives which have no confidence or purpose” – Jimmy Carter + +"Love people, use things" -- The Minimalists + +"The things you own end up owning you." Chuck Palahniuk, Fight Club +Being diversified across amcs and various debt funds limited to liquid, and UST funds, usually I get 0.02 to 0.03 return per day + +But the last two days have seen much less 0.005 to 0.01 with some funds like Franklin UST nav down by 0.11% + +Any particular reason for the change? Is it the effect of the new sebi rules ? +I've gathered that as a rule of thumb one should match goal duration with that of average maturity period of a debt fund. That suggests that for long term goals one should invest in long term debt funds. But I came across a bunch of articles ([here](https://economictimes.indiatimes.com/wealth/invest/is-it-time-to-invest-in-duration-mutual-funds/articleshow/66997690.cms?from=mdr), [here](https://www.moneycontrol.com/news/business/personal-finance/interest-rates-may-have-peaked-and-could-fall-should-you-invest-in-debt-funds-now-3307791.html) and [here](https://www.icicipruamc.com/download/cross%20sell/marketoutlook_may19/Fixed_income_update_may19.pdf)) advising against investing in long-term debt funds. So, if I've a 10Y goal with 60/40 equity/debt asset allocation, where should I invest the debt component? + +&#x200B; + +It would be really helpful if you can elaborate your fixed income strategy. What percentage of your fixed income is in what categories of debt funds for what duration of goal. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Is it really worth it to buy a house in India? + +Recently I have read Rich dad Poor dad. And in the book he suggest that buying an house is noting but liability if you are living in it and not an asset. But I also understand that property value appreciation are higher in India as compare to USA. + +Can any one help me understand this better? + +Edit: +Clarification = I am in India, my parents has houses. I was thinking 10-20 years ahead, as our generations is becoming mobile. People are working far away from their home town/state. And everyone are changing jobs every (3-5 years), I know I am. So we are becoming some what like western countries. + +Also very good point is made in article given by /u/donoteatthatfrog. "The BSE Sensex has become 300 times its value in 38 years." +I am currently having HDFC regalia first credit card and I don't think it is having any benefit at all ( no cashback or any other offer), no fee for lifetime is the only benefit that i can see in this card. +I need a cc that is having cashback ( don't care about the % as long as it is giving something back) and there should be 0 or low yearly fee. +Please suggest which card I should pick. Thank you. +App like Kuvera are restricted to MF and Stocks. Is there any other apps ? + +&#x200B; + +Suggestions so far + +IndMoney + +MProfit + +Valueresearch + +ETMoney + + Artos +https://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=16397 + +How can it give such high returns (annual trailing at 14.41%)? Credit quality is rated high by Value Research, while Franklin's UST Fund's credit quality is medium. + +AUM is a mere 57 crores. The fund (in its regular variant) has existed since 2008. + +Look at this file (row 149): + +https://www.pgimindiamf.com/docs/default-source/documents/scheme--dashboard--july-2019-(1).xlsx + +and one can see that in July one year trailing return was 11.78% so there must have been a major boost in the last four or five months. + +Any insights about the fund or the fund house? +I Am a 1st year Btech Student. After all the Robert Kiyosaki and Napolean Hill books I am encouraged to learn about investing. I know nothing about mutual funds and stuff. Highly inclined to learn on how to read charts and do TA. I am in cryptocurrency trading since past one year and have made a bit money so will like move a bit into traditional investments. +Any online courses/books you guys can recommend? +Just thought you might like to know that the relief/stimulus/spending Bill that will most likely to be signed in the next day or so does include language that will allow unused use or lose it FSA (including dependent care) balances to roll over an extra twelve months. I know many people are in the same boat as I am with hundreds/thousands locked away in an FSA account with nothing to spend it on due to camps/daycares being closed or not needed because of working from home. This is welcome, if not unexpected, news. + +https://taxfoundation.org/coronavirus-relief-bill-stimulus-check/ +Since Australia is the biggest coal exporter and I’m pretty sure a lot of our economy depends on it. + +If under the fears of climate change, every world leader decided to switch to clean renewable energy what would that mean for Australia? Would Australia enter a recession? +a bit of reflection from a year ago… + +So I used to lurk in this forum and reddit in general having never made a post. I was prompted to make my first ever post after being frustrated from seeing so many I’ll informed comments regarding fixed rates. + +NAB just increased their fixed rates, second time in 2 weeks. CBA and Westpac have also moved twice. Those bargains under 2% are going going gone. Hope you all got them locked in. + + +[https://www.reddit.com/r/AusFinance/comments/jpdr7d/fixed_rates_the_mentality_of_you_cant_beat_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/AusFinance/comments/jpdr7d/fixed_rates_the_mentality_of_you_cant_beat_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +As the title says I’m wondering if there are other ways to invest in real estate other than having yourself purchase properties and flipping/renting them. I guess something similar the Fundrise platform or I have also heard you could become an investor for private lenders. +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1,5% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 8% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +Not sure if I'm missing something but it seems the long awaited Vanguard Pension is now live. I was literally about to open a Cavendish SIPP since I wasn't sure when the Vanguard one would be released. + + [https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account](https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account) + +I first learned about Bitcoin in 2012, but started buying towards the end of the 2017 bullrun. My father was a coin collector since he was a kid, and even though he was now in his 70s and physically not well, he was still very intrigued by crypto and virtual coins. + +My Dad was a technology enthusiast his whole life. He worked in healthcare but tech was his passion. I can remember he bought a 1.0 Megapixel Olympus Digital Camera when it first came out, and the first CD-R on the market (I think it was a 2x Plextor). The first Betamax and VHS players, and was always building his own computers. He was never great with money, we always seemed to be in debt, but he loved his tech and we had fun! + +Anyway, I made a couple small BTC purchases through a centralized exchange and told my Dad about it in early December 2017. He was excited! My Dad texted me that evening with an article, saying that I should probably purchase a hardware wallet. That was my last communication with him. + +I planned to go see him the next morning for lunch which was our usual Saturday activity. I got a call that morning at about 4:30 AM from the local police dept that my Dad was found unresponsive in his car and had been transported to the local hospital. He usually left at 4 AM to drive himself in for kidney dialysis 3 days a week. + +I jumped in my car and sped to the hospital; on the way there, I called and asked to speak to someone in the ER. I identified myself, and asked about the condition of my father. They said they couldn’t tell me any info on the phone because of HIPAA. I said “fine, let me speak to him.” Silence on the other end. And at that point driving towards the hospital, I knew he was already gone and it broke me. When I walked in, they tried to sit me down and I said “I already know, just let me see him.” I was devastated. I took a deep dive into crypto the following weeks to learn as much as I could, and it was a good distraction looking back. + +The point of my story: my Dad left me a small monthly annuity when he passed, not a lot, but something. I never really got the chance to sit down with him and discuss crypto in depth. It’s something I daydream about often. I wouldn’t have been able to discuss it with anyone else in real life except him, still can’t, so here I am on Reddit. I decided to DCA the exact amount of the annuity every month into crypto from January 2018 onward. I tell myself that it’s like I’m investing in crypto with my Dad, and that gives me some comfort. DCA works quite well by the way it you’re patient! Give it time! It works! + +BTW, Don’t count out all the boomers out there folks, there’s a good chunk of them that do/would love this tech and see how amazing it is given the right conditions and guidance. Let’s be inclusive. +I’ve [made $325,000 in 3 weeks](https://imgur.com/gallery/ls15gX3). + +I called [Zillow ($Z), SeaWorld ($SEAS)](https://www.reddit.com/r/wallstreetbets/comments/fi03cg/dd_yes_you_can_buy_puts_on_zillow_z_right_now/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf), and many others over my time here. + +Up until yesterday, I thought I was done. All the IV priced in... time to watch the world burn. + +Until something pretty caught my eye on the way out the door. ULTA ($ULTA). + +Would you believe it if I told you they have a market cap of $11B? And 1,124 stores? + +How do you think retail is going to fare over the next 1-2 years? How about a place that sells shit you can find on Amazon? + +Retail dying is axiomatic at this point... how ULTA is still standing, at this valuation, after withdrawing guidance announcing the closure of all their stores, is beyond me. + +I made a $40k bet, 4/17 $125 Puts at $9. + +Proof in top link. I believe we will see sub-$100 in next couple weeks. + +Best of luck everyone. And remember, stay safe, and just don’t dance. + +EDIT: + +For those of you claiming PnD, [I’m still here. ](https://imgur.com/gallery/Kpz3hFF) 💎🖐🏻 fellas. + +EDIT 2: + +Unlike my dad, [I’m not leaving you. ](https://imgur.com/gallery/OS5NRRS) + +Edit 3: + +This might fly in the face of Edit 2, but wanted to be transparent I’m at every step here. Holy shit Reddit, y’all are savages! You took an underlying equity that was $20 out of the money, and kissed it up to the strike, within a few hours. As any responsible trader should do, and in times of every increasing importance during a recession, I [halved my position](https://imgur.com/gallery/5H12SkX), moving from 40 to 20 contracts. I spent $36k on the play, cashed out $39k, and currently have $42k remaining that I am now riding out risk free. + +Remember the saying... “Pigs get fat, Hogs get slaughtered”. If you’ve made more than 50% on your money today, there is no harm or shame in taking some off the table. If my prediction plays out and we get into double digits, I’ll have again, and ride out the rest until a $50-$75 range, should that happen. Best of luck everyone, and stay safe and smart out there! + +Edit 4: + +[We’ve made the news!](https://imgur.com/gallery/GkXyZq3) + +Edit 5: + +So it looks like circuit breakers may be triggered shortly in futures. If this holds, Thursday may be the capitulation day we’ve been dreading / waiting for. This may print some serious numbers, at the collective expense of our economy. Wild times fellas... God save the Queen. +Mostly credit to u/catch_0x16 for pointing this out in the daily discussion. Kudos to him for having the balls that I didn’t have to mention about this. + +I was going to make a post regarding Max Pain last week but decided not to since everyone was so stuck on believing the long whales were behind it. Anyways what he says in his comment is quote: + +“I see a lot of confusion about max pain. For me it's quite obvious. Citadel are a Market Maker. They are selling the calls to gullible parties and making bank off the premiums. They are then using the darkpool-buy routing to manipulate the price down to keep it within max pain + +Max pain isn't the work of long whales, it's the work of Citadel Securities so that they can basically print money by selling call contracts that they know will never come ITM. They are going to keep doing this until someone changes the rules, or some huge catalyst (like Black Rock recalling all of their loaned shares) forces a buy-in.” + +Tldr; MMs like Citadel are manipulating stock price to reach Max Pain to benefit off of premiums and not have to deliver shares. + + + +This is why I’ve been skeptical of max pain since the beginning, everyones been pushing the concept that long whales are using it to bleed out the SHFs so their contracts are worthless but that honestly makes very little sense in the long run right now. IV is very low after almost a month of flat trading, it’s really a very opportunistic time for longs to drive the gamma squeeze. HOWEVER you cant just gamma squeeze off of options chains, you have to run the stock price up to compliment the options contracts and they work hand in hand going up. + +But what if youre a MM thats making bank selling all these contracts every week and YOU (citadel) controls the order flow of buys/sells of about 40-60% of the US brokers. Lets say average volume of OI options of calls+puts are anywhere around 50k total per week, and avg cost is $5 if you were to calculate all the OTM OI volume when you reach max pain, that means the sellers of the puts/call premiums roughly ran away with $25million in premium for the week! (P.s these numbers are just made up for the example here). So here we have Citadel Kenny here who can control the stock price and keep selling option premiums to make money and fund his borrowing costs on shorting the stock and wait till someone forces him to cover (aka Papa Cohen with recalls or the SEC finally doing their job). + +Need more numbers to explain why Citadel wants Max Pain? At the Height of the IV during the late feb/early march run to $350, premiums avg costs for even the $800 strikes on weeklies went for anywhere from $20-30 PER contract, you be freaking drooling if youre a options seller cause that premium is freaken insane $$. Dont get me started on the $300-400 strikes that were going for $60-80 per contract during those weeks of the run up. That meant anyone that sold calls/puts during the month of march made $$$ at “max pains” they probably ran off with $200-300MILLION in options premiums possibly weekly between the OTM options that didnt make it. + +For Example (numbers are not directly reflective of what actually is but just to show the point) : + +50000 OI contracts x 100 shares x $30 avg price per contract = $150million in premiums + +These guys dont hold their option contracts for long, they buy calls/puts, move the share price and then sell off possibly within the same day or two and profit off the volatility in price movements. + + +You apes must be fking tired right now, but bare with me a little longer: + +Need more reasons why I believe Max Pain is what the SHFs want? We all know back in Jan. Melvin was the main publicly known shorters of GME. They eventually got bailed out by Citadel Ken Griffon for $2 billion. Now another known shorter that is in on trying to put down GME and also helped bail out Melvin in Jan was Point72, whose owner Steve Cohen was the boss of Plotkin when he was working under him before starting Melvin Capital. + +“Yeah yeah we know this so what?” - okay so this Steve Cohen guy is a ruthless hedgie known to use ruthless tactics to bleed out options traders and basically control the price however he wants while making bank on selling premiums to them. +How does he do that? He creates huge sell and buy walls that drive prices up and down to counter the opposite movement, as a result the price remains FLAT. Sounds family? Big buy walls and sell walls, trading flat, max pain?? Now this Steve Cohen ( the bad cohen) is buddies with Kenny Griffon, so why not get him in on this strategy and make bank on premiums while everyone thinks youre just bleeding from the shorting costs? + +So what do we so? + +Just HODL 💎💎🙌🏻🙌🏻. +Eventually we will have a catalyst to run the price up and hit gamma squeezes. But we need the long whales to figure out how to beat the exchange and FTD manipulation or any catalysts like +1. Share recalls +2. SEC doing their job +3. DTCC margin calling those bichtes +4. Sheer volume (in the triple digits) of retail buying +5. CEO?? Papa? + +Tldr: Max Pain is probably Shorts bleeding out option holders and benefitting off selling as Citadel is a big MM. Max pain means driving IV down and keeping share price from gamma squeezing. We have the DD already, the squeeze is coming, don’t worry about Max Pain and the options chains, too complicated for Apes. Just HODL and wait for Papa Cohen to make Gamestop a 100billion dollar company 🚀🚀🚀🙌🏻🙌🏻💎💎 +In my 6 years of being in this rollercoaster i have seen countless of people lose their money taking too much risk and getting caught in scams, ponzi's, rugpulls, lies, traps, ... you name it. + +Especially new people always get pulled in to these things and they believe all the smart words they get thrown at them. They get offered 'amazing' oppurtunities and fall for it. + +Founders & influencers putting out wonderful video's and tweets filled with smart words and lies are dangerous, be carefull, be sceptical, there is a reason most developers and users are in only a couple of places. + +This is why all the OG's say "just invest in BTC/ETH" and ride the waves, you don't have to worry about losing all of your money. Think long term, invest what u can/DCA, and you will be a happy person in the future. +I would love to learn more about day-trading but everyone is either a scammer selling something that turns out to be a scam, I'm not wasting anymore money on a warrior trading course or some stupid Tim Sykes DVD's. All the information there is basic things that doesn't actually teach you anything besides to sell overpriced DVD's yourself. Who are the REAL mentors? (Not people like Tim Sykes or Ross Cameron) + +&#x200B; + +Also, if there is a YouTube channel with live DAY-TRADING then mention it under, that's what I would like to see. If you know of any discord for day-trading then also comment that. It would be helpful to me and many others! +If you already have a job, do you trade as a supplement with the intention to supplement your sallary and keep working? + +If so, do you manage the stress of having to focus on work and trade positions simultaneously? + +Or is your motivation to one day become independent of a 9-5 job and/or start buisness when you have enough capital? + +And if you were to become able to quit you job and only trade, won't it eventually become boring and lonely? + +What are your reasons and/or long term motivations for trading? +I know, we see all those weird memecoins surging and you feel like you are missing every pump going on and always choose the wrong coin. + +You invested in ADA, ALGO and MATIC. All solid coins, but basically stablecoins right now. + +BTC & ETH? Sitting idly by sucking their thumbs and eating glue. + +Your coin has not mooned yet, and that is fine. It will. + +You will need the most important thing in the crypto space there is: Patience. Good things come to those who wait. It is tempting to sell your position and go for Elon's Cum or whatever coin is en vogue right now, but as soon as you sell, your old coin will pump. Just wait your turn and reap the rewards. +&#x200B; + +https://preview.redd.it/ltafulxf2qm61.png?width=400&format=png&auto=webp&s=ae93ec64ec0c8db60c19536b0714b2e184d5c065 + +Ok, this DD is to analyze what apes could've done better, and how to address it + +"***The stock will hit 300 they said... we have volume behind us they said... buy near ITM calls they said."*** /u/baturu + +[https://www.reddit.com/r/wallstreetbets/comments/m3re9y/the\_stock\_will\_hit\_300\_they\_said\_we\_have\_volume/](https://www.reddit.com/r/wallstreetbets/comments/m3re9y/the_stock_will_hit_300_they_said_we_have_volume/) + +https://preview.redd.it/yepmphzd2qm61.png?width=960&format=png&auto=webp&s=4c85964a864ce5531256d548417fde8c5bf6ce2e + +I've just noticed the OP of that lost porn did send me a pm, but I didn't reply.(my bad) + +To be clear, here's a quote from my Donkey Kong DD, Monday Morning 3/8 + +"***🦍 🦍 🦍 optimize your stimmy 🍌🍌🍌, $GME gamma squeeze calculator update"*** + +[https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize\_your\_stimmy\_gme\_gamma\_squeeze\_calculator/](https://www.reddit.com/r/wallstreetbets/comments/m0eeav/optimize_your_stimmy_gme_gamma_squeeze_calculator/) + +>The 3/12 270C, if apes were to buy one contract, 3.04 x 100 = $304, then MMs would need to hedge 0.137x100x137.74 = $1882 worth of shares to remain delta neutral +> +>Giving an amplification factor of +> +>1 🍌 -> 6 🍌 +> +>***OTM calls like these might be fine for YOLO-ers 🦍 , but carry very high risk of 🦍 loosing all 🍌, if 3/12 closing price ends below 270. A safer way for 🦍, would probably be ITM calls, somewhere around the 100-110C strike price*** +> +>This would still gives 1 🍌 -> 3 🍌 in delta hedge amplification + +The 270C 3/12 was then quoted by the Forbes article on gamma swarm, Wednesday Night 3/10 + +[https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/?sh=6af3a3a64225](https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/?sh=6af3a3a64225) + +>Imagine that a swarm of, say, 10,000 members, each invested $1,000 in GME $270 call options for Friday March 12. The March 9 cost of the option is $24. If all option sellers hedged, it could drive perhaps $100 million of share volume, at the then current prices. +> +>... +> +>A naked March 12 call option with a strike price of $270 would have exposed the seller to a loss of $56 a share. It is highly likely that the sellers of such options would have allowed themselves to be exposed to this risk. They would have covered, hedged, by purchasing shares – adding to the surge. Gamma power!\] + +What most of you degenerates did was this instead + +>800 -207.69% 0.4 0.41 0.41 0.41 -1.93 -82.48% 27,536 29,496 0.93 860.47% Call 3/11/2021 +> +>800 -202.46% 0.01 0.01 0.01 0.01 -2.33 -99.57% 76,466 36,239 2.11 615.31% Call 3/12/2021 + +G'damn degenerates piling into the 800C 3/12; Look, that far OTM have too low delta to trigger MMs forced buying. 🦍🦍🦍, is not every day you can trigger the gamma squeeze, some brokers are even actively trying to block it as seen by this post from an ape being blocked buying calls and puts by his broker of fear triggering a gamma squeeze. + +***"🛸🛸🛸Tinfoil Hats Required 🛸🛸🛸"*** u/Heavy-Ad-2498 + +[https://www.reddit.com/r/wallstreetbets/comments/m3yews/tinfoil\_hats\_required/](https://www.reddit.com/r/wallstreetbets/comments/m3yews/tinfoil_hats_required/) + +>In both cases, I was LITERALLY told by my brokerage ON A RECORDED LINE that the decision was made to protect the Market Makers from having to hedge and in turn causing a gamma squeeze???? + +They are trying to limit new 0DTE options writing to prevent gamma squeeze on OPEX, but most brokers should still allow you to buy weeklies on $GME. + +Looking at this graph, the Calls OI falls dramatically after 3/19 + +https://preview.redd.it/68ultrl34qm61.jpg?width=755&format=pjpg&auto=webp&s=2fdcd61bd77cda27ed76e7f7b7e2a54aaf6e0c25 + +and with it the gamma amplification affect. With the 3/12 gone, that's almost 30% of the calls OI, but you still have 3/19 that accounts for another 30% of calls OI. The stimmy should be hitting your bank account in the next few days, there's still a chance for gamma. + +I have no opinion on the short interest, maybe hedgies covered, maybe they printed shares out of thin air, I don't know. But they have been increasingly shorting via puts this past few weeks, this helps the gamma squeeze a bit though not as much as calls. + +https://preview.redd.it/3rut9av74qm61.jpg?width=685&format=pjpg&auto=webp&s=64f835a0daa0f4f1236f9b5302458a4b2ae21afc + +The graph shows that hedgies think 🦍🦍🦍 attention span is limited to a few months a best, and they are betting heavily $GME will fall within a few weeks from now. + +Here's some graphs courtesy of /u/HAVE__A_NICE__DAY, she's an ex hedgies quant who needs karma to post, if u like her graphs upvote her comments.\\ + +https://preview.redd.it/4yahdek94qm61.png?width=533&format=png&auto=webp&s=04baf8fe07260d2a5468a9c84bf8f7ac96e1f7c4 + +^($GME Price probability based on IV) [^(https://imgur.com/a/gyN0nsA)](https://imgur.com/a/gyN0nsA) + +^($GME IV Put/Call Inversion on long dated options) [^(https://imgur.com/a/HjvbyJx)](https://imgur.com/a/HjvbyJx) + +According to her : "blue is the implied vol from puts, red is the implied vol from calls; higher IV means it's trading at higher premium, so puts are more expensive as you go further out in time. **so in the near term, puts are cheap because hedgies are too chicken to buy puts even thought they think the stock is <50 then in the medium-long term (july and onward) calls vs puts premiums flip because hedgies are buying more long-dated puts"** + +I can't comment on the business transformation, I'm not an e-commerce expert, I don't know what it would take for $GME to compete with steam and etc. What I do know for sure is that, if $GME is bought by X% of float net buy EOD, share price will close up Y% EOD. You can amplify your share buying effect by buying calls at SPECIFIC STRIKES AND EXPIRIES. If you bought shares, it would take around 355 MM USD of net buy inflow to raise the price by 20% EOD, with ITM(safer)/ATM calls and the gamma amplification it would only take \~18 MM USD on the ITM/ATM calls 3/12 before 3/12 expiry. + +With the 3/12 now expired, the amp factor and general cascading gamma effect will be lower, around \~ 40 MM USD net ITM(safer)/ATM calls needed.(that's about 40,000 🦍🦍🦍 each with 1k 🍌🍌🍌) + +# TL;DR 3/19 would be the last significant gamma squeeze opportunity based on current OI,🦍🦍🦍 together strong, YOLO-ers 🦍🦍🦍 buying 800C not helping. + +**Edit 2 : From** /u/JunkTheRat + +>**NEW TRADING RESTRICTIONS On GME:** [TD AMERITRADE - RESTRICTIONS ON GME](https://www.tdameritrade.com/td-ameritrade-trading-restrictions-stocks.page) +> +>Opening orders on short individual options are not allowed with the exception of cash-secured puts or covered calls, which must be placed through a broker. +> +>If you currently own stock in one of these securities and wish to sell a covered call, you must do so with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions. +> +>If you have no position and wish to simultaneously buy stock and sell calls against it, you may enter it as a covered stock (buy/write) order online. +> +>We May Also Implement Additional Requirements On Opening Trades On Options That Expire 3/19. +> +>Above seems to back up [u/Heavy-Ad-2498](https://www.reddit.com/u/Heavy-Ad-2498) claim that they were told by their Broker on the phone that they were restricted from opening a new position in order to protect Market Makers from a Gamma Squeeze. + +**Edit 2: Add more pictures with colors from** /u/CalamariAce **since 🦍🦍🦍 no like read** + +https://preview.redd.it/fjt3hmw5trm61.jpg?width=1221&format=pjpg&auto=webp&s=1b5a0389d346a511aa36f9a2f5610787d05f0182 + +https://preview.redd.it/x1dq84z6trm61.jpg?width=1177&format=pjpg&auto=webp&s=f9a217eef41c94ec00e6263dd632ec9527ce1d96 + +**EDIT 3 : I see many 🦍🦍🦍 haven't grasped just how much power the gamma squeeze can contain.** + +Buying 1 Contract of 270C 3/12 on Friday afternoon 3/5 or Monday morning 3/8, at the price of 3-5USD per contract(100 shares) / $ 300 with **6x initial delta amplification** would have resulted in **42x amplification** value of shares delta hedged by MMs in Thursday or Friday open of about $13,000. Since the delta of the contract increased 0.12 to 0.49 and the share prices rose from 137 to 260-290 within that time. + +**Edit 4** : I'm not saying the short squeeze or a fundamental business transformations/earnings beat won't happen. What I'm saying is the best chance for another gamma squeeze is 3/19. +UPDATE THREAD: [https://www.reddit.com/r/Superstonk/comments/n66j7s/update\_negative\_1\_million\_volume\_in\_afterhours/](https://www.reddit.com/r/Superstonk/comments/n66j7s/update_negative_1_million_volume_in_afterhours/) + +&#x200B; + +Ok, attached a picture from active trader pro of negative volume, thought it was UI glitch but others are talking about it too... + +What in the manipulation is going on here!?! + +EDIT 1: Apparently my post got autolocked due to not having enough text? I'll fuckin fix that! + +EDIT 2: Fuck it, I'm calling Fidelity directly, I'll update again once I know more + +EDIT 3: He had to get someone else, so back on hold, in the mean time I've also posted over on Fidelity's subreddit. [https://www.reddit.com/r/fidelityinvestments/comments/n5qurg/how\_do\_you\_get\_a\_negative\_1\_million\_volume/](https://www.reddit.com/r/fidelityinvestments/comments/n5qurg/how_do_you_get_a_negative_1_million_volume/) + +EDIT 4: Second Rep has put me on hold to look into it... Why is Fidelity's music-on-hold so loud? Also, I forgot to mention the first rep said he saw 1 million volume but not negative, So I asked if over half of todays volume took place 15 minutes after close? That's when Rep 2 came on board... Still waiting.- These guys are really nice, just no one has any answers so far... + +EDIT 5: He has confirmed the negative volume, he's reaching out to the "back office" to get a more clear explanation on what's going on. + +EDIT 6: Yep, I'm still here and I promise I won't leave work till I have an answer. - He did come back and ask for some more details, "How are you seeing this?, what time frame is this" I told him it's not limited to Active Trader Pro, that multiple brokerages are reporting a change in the days volume, but did show him exactly where in ATP to look to see it himself. Also told him he could look a yahoo finance to see the volume was at 2.75 million previously. But to those refreshing, yes I'm still here and WILL update! + +EDIT 7: You guys aren't going to like this... but I was basically told they definitely see what I'm talking about. They speculated that it "could be a market adjustment of some type"(no shit). Or "trades that weren't supposed to show up". Basically they were saying your guess is as good as ours, however he said the department that would have more answers is currently closed but to give them a call tomorrow and gave me their number. So I'll follow up at 8am tomorrow, if any of you want to as well the information is below: + +Active trader services: 877-907-4429 hours are 8am EST + +&#x200B; + +EDIT 8: I lied, I have at least one more edit before I call back tomorrow, I want to give another ape credit for this find. His thread can be found here:, please give him upvotes as this could actually explains wtf is going on. I'll be sure to bring it up on tomorrow's phone call. [https://www.reddit.com/r/GME/comments/n5pj2q/negative\_1\_million\_on\_volume\_afterhours\_wtf/](https://www.reddit.com/r/GME/comments/n5pj2q/negative_1_million_on_volume_afterhours_wtf/) + +"But he found this : + +Ok so I found something! Looks like their was issues reported earlier in the day with the consolidated tape association. Who are they?? they keep track of volume and trades on the market. From their website: + +The Consolidated Tape Association (CTA) oversees the dissemination of real-time trade and quote information in New York Stock Exchange LLC (Network A) and Bats, NYSE Arca, NYSE American and other regional exchange (Network B) listed securities. Since the late 1970s, all SEC-registered exchanges and market centers that trade Network A or Network B securities send their trades and quotes to a central consolidator where the Consolidated Tape System (CTS) and Consolidated Quote System (CQS) data streams are produced and distributed worldwide. ." + +Alert issued - [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) + +&#x200B; + +https://preview.redd.it/tipv2cxf5dx61.jpg?width=1081&format=pjpg&auto=webp&s=b8df82305f3a942b02f4d079bff9ce1a9b9bdf42 +Hello + +I purchased a subdivided piece of land in Perth for $350k close to city (30m total commute), however it’s a wide, shallow block (16m wise x 20 m depth with setback, 340sqm). + +Since the land area is small, I want to build a solid 4x3 two storey, double brick home because I can’t find a good single storey layout that fits on the land (too cramped). + +However, the cheapest I’ve been quoted is $350k (inc site works) plus assuming $100k to finish it (upgrades, flooring, painting, landscaping, solar etc). If I go with a lightweight upper floor (EPS walls), that could potentially knock $40k off the final price, however I’m not sure how that affects resale value as people in WA love their double brick homes. + +I’m a bit scared spending more than the value of the land on the house as it is a depreciating asset, and especially since the Perth market is down and I’ll likely be underwater straight away. Other, much older homes (30+ years old) in the area have twice the land (700sqm+) for the same price. + +On the other hand, I’m planning on living in it long term (10+ years). So, I guess the question is, is it a dumb financial decision to spend that much money ($750k+) when the value of land makes up less than half? +Hi peeps, + +Posting this on behalf of a family member. Without knowing full details, he has basically helped his daughter and her husband with a business (guarantor- PPOR). The business has gone/is going under, and all creditors (banks) and supply chain businesses are chasing their money. + +I was told of this situation and the extent last night. I know what a stupid mistake agreeing to be guarantor with putting your house on the line is. +He's not doing well mentally, it's all hit him at once. + +Being 70, with probably no super left and probably no house, what are his options?? + +Declare bankruptcy? +What government support can he start applying for? + +Cheers, +From a concerned family member.. + +Edit.. only has a PPOR. +They skirt around the laws of asic of financial advice and make bucket loads of money normally linking you (and taking a cut) to their developers properties, their brokers and charging you a fee. + +I think if there is a big property downturn (which looks likely) and they start losing their clients big money I think eventually there will be a public outcry for a royal commission or banning them. + +Thoughts? +This is probably a dumb question, but here is my thinking: + +1. [There is a lack of supply in standalone homes](https://www.afr.com/policy/economy/australia-facing-a-decade-long-housing-supply-crunch-20220224-p59z8g) +2. [There is still demand for standalone homes](https://www.therealestateconversation.com.au/news/2022/06/01/builders-remain-busy-2023-hia/1654040444) +3. My understanding is that construction cost and the housing market are closely interlinked +4. Inflation causes construction costs to go up, therefor the housing market also goes... up? + +How does the above equal existing houses losing value? If anything, wouldn't the lack of new homes available drive prices up as less are built? + +I understand borrowing capacity will be limited by the increasing interest rates which will put a ceiling on what people can borrow primarily impacting the high end of the market. But when 5%-6% retail mortgage rates are normalised wouldn't we see a shift in demand from the top end to the lower end? E.g. someone who was looking at a 5-bedroom house may reel in their expectations and look at a cheaper 4-bedroom house and in turn drive the lower end of the housing market up? + +Am I missing something? +I wanted to clear up the misconceptions spreading in the other post about oil today. Whenever you google search the price of WTI, most likely you'll see the prompt month futures contract price. WTI usually expires around the 21st of every month (depending on if it falls on a weekend/holiday) + +The May WTI contract is expiring soon and we are seeing a large selloff in the prompt contract, HOWEVER the June contract has almost 5x the open interest and volume currently and is trading at $22. Most of the selloff we are seeing is due to noise around expiry, not actual fundamentals. + +We usually see this type of behavior around contract expiry, but given the current situation there is a lack of liquidity on the bid side. + +While I agree this is a pretty interesting event in terms of how weak the contract is expiring, it does not equate to an to a sub $10 BBL oil price. + +If anyone wants to see monthly futures pricing you can use the CME website: +https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html +Asking price $170k, down payment $34k plus I'd want to do some renovations so let's say $40k total cash down with expenses, taxes and everything. + +&#x200B; + +The mortgage is estimated at $770 but I'd want a buffer for maintenance so let's say an even $1k/month mortgage including taxes, P&I, no HOA. + +&#x200B; + +Based on size and location, similar homes are renting for around $1500. But I like to err on the side of caution so let's assume $1300. + +&#x200B; + +So (1300-1000) = 300 times 12 for each month is $3600. This brings the COC return to be 9%. + +&#x200B; + +This seems like a decent COC return and makes the investment look worthwhile. Am I miscalculating anything? I haven't seen the property in person, just pictures and everything looks fine, I'd want to redo the floors but nothing obviously wrong sticks out, but I would obviously do an inspection, but assuming any repairs are doable with a $6k budget, does this seem worthwhile to investigate further? +I was asked to relocate to a low cost of living place in the US and I was looking at the price of multifamily homes and they’re very affordable. I am not interested in living in them and willing to take the higher interest rate. I did the math and I would be able to afford 3-4 a year on my salary and the cash on cash return is solid. I would put down 25% on each place. What am I missing? I accounted for 20% of my rental income to go to repairs and maintenance. This sounds too good to be true. I will not need to rehab or flip. I can buy as is and rent out in this situation. +Preface - I don’t own any properties. + +I am curious about this. Say I buy a rental and decide to manage myself. Then 3 months later I decide I don’t want to. Do I just call a place up and ask them to take over? What the hand off look like? + +Also as a side question, can I just use a property management firm to place tenants but not manage the property? + +Are there any primers you. Can point me to that walks through these types of things? +There's a small house on large expensive land I'm looking at buying. Mortgage broker says it won't qualify for conventional jumbo financing because the "improvement vs land value" is greater than 51% (on the land side). + +I googled but couldn't find any reference to this 51% limit. Is this actually a thing? +We own our house, worth about 450k. Husband used to be a builder and we have 80k in our LLC. We were denied a HELOC (we have good credit but inconsistent income). We are not able to find property for less than 80k in our area of Virginia. What are some other ways we could go about finding financing? Or should we look out of state? Are there any other options we have that I'm just not thinking of? Thanks! +Trading is more mental than anything, and as I continue on this journey to consistent profitability, there are certain mental challenges that I’ve learned not to worry about. (Experienced traders: if you believe that anything I say here should not be something that a successful trader should think, please let me know.) + +- I don’t care about timing the top or bottom of a move. I scalp, so I’m looking for the quick move and playing defense instantly when I get it. That means if the price stalls or sees a hard rejection/bounce, I’m taking my gains and bailing. If it continues afterward, meh; I’d rather bail early and see it continue than hold and get caught in a reversal. + +- I don’t care about missing my entry. There have been plenty of missed entries for one reason or another (slow chart reading, watching another ticker, trading during a limited window). If it passes, it passes. There will be another opportunity some time down the line. No way in hell am I going to chase a stock because I missed my entry. + +- I don’t care if I make no moves on the day. Sometimes, the chart patterns aren’t there. Sometimes, the markets are too wild for my inexperienced tastes. Sometimes, I miss my opportunities. Sometimes, there’s just no time. Sometimes, I’m not mentally ready to take a loss. On those days, I don’t take trades, and I’m fine with it. + +What about you? What have you learned not to care so much for? +Hello, + +I am about to get an offer from a company in San Francisco. Right now I am located in Germany/Bavaria with a nice salary and we can afford to live in a house and generally do not need to count every penny/cent. We have two kids (2/4 years) in daycare. My wife is stay at home currently and we plan that she would stay at home in the US. + +What would you think is needed for me as salary to roughly keep this standard in San Francisco? + +My guesstimate would be that I need around 15k$ per month, which should be around 300k$ before tax per year? + +Anyone can share some experience or thoughts? + +Thanks a lot! To be honest we are a bit scared about moving there and the cost of living..... + + +Edit: Surprised how much the discussion revolved around my wife not working. For one I should have mentioned that the Visa we are on would not allow her to work. And second I still think that it is good if she gets a break as well. I think mental happiness will go up for all of us. And a divorce down the line will be more expensive than some cash now for daycare.... + +Edit 2: Thanks for all the replies, great to get some thoughts and different points of view. +https://theoutline.com/post/3840/frugalwoods-frugality-millennials?zd=2&zi=xm7kv2ej + +Saw this over at r/frugal (https://www.reddit.com/r/Frugal/comments/86lgbg/being_frugal_is_for_the_rich) and it really pissed me off. Why are people so invested in denying even the possibility of FIRE? It seems like the attitude is that because everyone can't do it they think no one can do it. +Many sources of shilling and fourth rate journalism have claimed the apes buying gamestop are going to collapse the market. And aside from being FUD, it bothers me on a deeper level. Buying and holding for the better part of a year can crash the market? For the vast majority of apes, this isn't even a long term investment yet. Even if we managed to buy every existing share, its a (currently) 17 billion dollar market cap. Gamestop shouldn't be a big enough player to crash the market, so why the fear? + +For those of you who have seen the big short, you may recall the scene where our Steve Carell talks with a CDO manager, and discovers that for every dollar of mortgage bonds, there are twenty dollars staked on the bonds. In other words, the mortgage bond insurance market is twenty times the size the bond market itself. This is the situation we find ourselves in. SHF's have put themselves into a position where they have likely leveraged more than the worth of GME into their short position. This is why we must HODL, and choke them out. + +TLDR: Hedgies are Fuk +Watching Biden fuck up literally 100% of what he aims to do and that's actually downplaying it 😄 assuming it's even him that makes actual decisions. I wouldn't be too worried about a crypto bill. + +Everything that this administration tried to pass backfired so spectacularly I'm curious what the crypto bill actually will do. +Update: it’s now 20min until market close and I can’t say how happy I am to see gme stick at 170 levels and be green for the day what a ride today pre market 166 got totally rejected + +It looks like DRS is working and i can see the next move from hedgies coming in from a mile away + +As DRS continues to put pressure on hedge funds they will be looking for a way to get more shares to short on GME i think hedge funds are about to unload a lot of ammo on GME to tank the price to around 157 today because they want to shake as many paper hands as possible as to have more ammunition for fuckery. + +DRS is working and if you haven't done it already i would strongly recommend you take the time to research some quality DRS DD and Guides. + +As always not financial advice + +Love from Scotland + +&#x200B; + +Note: Some people are thinking this post was designed to get you to sell ....let me be clear ABSOLUTELY NOT :P . not financial advice BUY THE FUCKIN DIP AND DRS +[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/xxh13d) 🎃🐦 + +>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/) + +# “Please don’t rush like what we did,” + +It's bad enough losing your funds in a hack due to poor security but the team at OptiFi (no of course you haven't heard of them they're on Solana) have gone and outdone the rest of the hastily put together defi space by completely bricking their own platform and losing approximately $661k worth of USDC. + + +Whilst it's definitely not the worst loss we've seen this year, it's certainly one of the dumbest the timeline as follows: + +[https://twitter.com/OptifiLabs/status/1564367455220219904](https://twitter.com/OptifiLabs/status/1564367455220219904) + +> On 29th August around 06:00 UTC, we had an update to our program code, and our deployer tried to upgrade the OptiFi program on Solana mainnet. However the deployer accidentally used the solana close program command, resulting in our OptiFi program being shut down. + +&#x200B; + +> Without fully understanding the impact, we used 'solana close program' and the OptiFi program on mainnet was closed, and cannot be recovered anymore. + +&#x200B; + +> 661k USDC is locked in the PDAs, luckily 95% of the fund is from our team member 3. We will compensate for all users’ funds + + +Defi strikes again. Without knowing what the "close program" command did on Solana mainnet the devs managed to completely brick their own platform so if you were ever wondering if you're qualified to work in the defi space the answer is probably yes provided you can read and know how to do a rudimentary search before copy pasting. +The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users' existing addresses. + +Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens. + +In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash, XRP, Ethereum Classic, and Stellar as well as their networks. The crypto firm cited "low usage" of the four tokens in its decision to stop support starting on Dec. 5. + +"This does not mean your assets will be lost," said the announcement. "Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase." + +&#x200B; + +https://preview.redd.it/9hh0apj4ex2a1.png?width=632&format=png&auto=webp&s=d4623316b38cf71325c97bbd92fca2ab8e48336c +>Shares of the fake meat maker have soared over 820% since its initial public offering on May 2, putting Beyond Meat’s market capitalization at a whopping $13.85 billion. +> +>That valuation is higher than that of roughly 25% of the companies in the [S&P 500](https://www.cnbc.com/quotes/?symbol=.SPX) index, including decades-old industry stalwarts like [Molson Coors](https://www.cnbc.com/quotes/?symbol=TAP), [Viacom](https://www.cnbc.com/quotes/?symbol=VIAB), [Under Armour](https://www.cnbc.com/quotes/?symbol=UAA), and [JetBlue](https://www.cnbc.com/quotes/?symbol=JBLU). At its Friday morning levels, Beyond Meat’s market cap was twice the size of [Macy’s](https://www.cnbc.com/quotes/?symbol=M). + +[CNBC](https://www.cnbc.com/2019/07/26/beyond-meats-13point4-billion-market-cap-is-beyond-ridiculous-investor.html) +Guten Morgen to this global band of Apes! 👋🦍 + +With each day that passes, it becomes more clear to me that the price attacks of recent weeks are an effort by the Institutional Shorts to make their books look a little better before the end of the year. +Of course, we have seen similar efforts in the past. +Each fiscal quarter, we see a rapid rise in RRP numbers as institutions shift positions off of their books. +In this case, we are seeing them desperate to drop the price of GME so their Q4 reports look better. + +The benefit of all of this is that we get discounts along with confirmation that the hedgies are fuk. +With the 2-year anniversary of The Sneeze just around the corner, they have an enormous number of puts about to expire. +They have spectacularly failed in their efforts to drive GameStop into bankruptcy, and the price they will pay is enormous. +I am incredibly excited about what is to come in the days ahead. + +Today is Thursday, December 29th, 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: **$17.94 / 16,86 €** *(volume: 4969)* +- ⬜ 115 minutes in: $18.15 / 17,05 € *(volume: 4861)* +- ⬜ 110 minutes in: $18.15 / 17,05 € *(volume: 4861)* +- ⬜ 105 minutes in: $18.15 / 17,05 € *(volume: 4821)* +- ⬜ 100 minutes in: $18.15 / 17,05 € *(volume: 4821)* +- 🟥 95 minutes in: $18.15 / 17,05 € *(volume: 4729)* +- ⬜ 90 minutes in: $18.20 / 17,11 € *(volume: 2029)* +- ⬜ 85 minutes in: $18.20 / 17,11 € *(volume: 1563)* +- 🟥 80 minutes in: $18.20 / 17,11 € *(volume: 1417)* +- ⬜ 75 minutes in: $18.24 / 17,14 € *(volume: 1407)* +- 🟥 70 minutes in: $18.24 / 17,14 € *(volume: 1399)* +- 🟩 65 minutes in: $18.25 / 17,15 € *(volume: 1390)* +- 🟥 60 minutes in: $18.10 / 17,01 € *(volume: 1318)* +- 🟩 55 minutes in: $18.10 / 17,02 € *(volume: 1318)* +- 🟩 50 minutes in: $18.10 / 17,02 € *(volume: 1098)* +- ⬜ 45 minutes in: $18.06 / 16,98 € *(volume: 963)* +- ⬜ 40 minutes in: $18.06 / 16,98 € *(volume: 949)* +- ⬜ 35 minutes in: $18.06 / 16,98 € *(volume: 729)* +- ⬜ 30 minutes in: $18.06 / 16,98 € *(volume: 729)* +- ⬜ 25 minutes in: $18.06 / 16,98 € *(volume: 662)* +- ⬜ 20 minutes in: $18.06 / 16,98 € *(volume: 102)* +- ⬜ 15 minutes in: $18.06 / 16,98 € *(volume: 69)* +- 🟥 10 minutes in: $18.06 / 16,98 € *(volume: 69)* +- 🟩 5 minutes in: $18.07 / 16,98 € *(volume: 69)* +- 🟩 0 minutes in: $18.06 / 16,98 € *(volume: 69)* +- 🟥 US close price: $17.92 / 16,84 € *($17.94 / 16,86 € after-hours)* +- US market volume: 5.66 million shares + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0640. 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! +Ohh the variables. Aren't they all so fun? I imagine a room full of Quants furiously sifting through data, and all ending at the same conclusion... + +[https://imgur.com/EpkG5PW](https://imgur.com/EpkG5PW) + +This downward price action is so desperate, and I'm absolutely giddy about these prices. + +Are you friggin kidding me?! I actually get a chance to average down?!! Does their stupidity know no bounds? + +AAAAAND I've approached long term capital gains savings now! + +\*queue Vince McMahon meme\* + +***The data they target is how your emotional responses to their FUD, are reflected in the buying and selling of securities.*** ***They study human behaviours which they can then use in their attempts to quantify outcomes.*** + +They are usually pretty good at this. It's a crystal ball of sorts. + +Now, what they want, what they NEED, is for retail sentiment to fall off of this stock. Otherwise the future doesn't look so bright. + +Everyone thinks price action is because of rollovers, and futures, and this and that, and some of it likely is, but the one thing that remains constant is how they manipulate the SENTIMENT on this security. Why? To prod you emotionally. In fact, I think most of how they do things comes down to how they manipulate emotions. + +And here's the thing... the cherry on the shit sundae for them: + +POSITIVE RETAIL SENTIMENT isn't going to fall off. IT'S NOT GOING TO HAPPEN. You can quant that shit all you want, but nobody is going to shake investors off of this stock except ourselves. + +So yeah, we sit here waiting for them to slip up, and watch them bury all the short interest, and perform all kinds of fuckery like.. + +[https://imgur.com/gallery/SMiikS5](https://imgur.com/gallery/SMiikS5) + +The how of it was: taking bailouts, druming up positive or negative media sentiment or anti-NFT sentiment, inflating valuations, spreading out the pain by infecting other institutions, using political connections, burying interest in options, etc. + +Have fun with that shit. + +But the WHY... And here's the part I find so funny... + +Like The Rock says, IT DOES'T MATTER! These Jabronies..... + +PRICE GOES DOWN >>> OWNERSHIP OF FLOAT GOES UP >>> DRS GOES UP >>> SHORTS R FUK + +The ONLY thing that can fuck this up now, is GameStop dropping the ball on whatever they do over the next while, and guess what? That's mostly out of shorts hands. + +And we all know the one thing they can't stand is NON QUANTIFIABLE OUTCOMES. + +CONGRATS, YOU DESENSITIZED ME TO THE FUD. + +TLDR: Their crystal ball is fucked. + +*(Disclaimer: This is all my opinion and speculation. I am a grade A+++ moron, and nothing I say should be taken as fact.)* +I've just lost a lot of money on ftx, I didn't get the money off the exchange quick enough. Any advice on how to deal with a large financial loss? I'm struggling here +In almost every trend, every bubble, and every hype that has ever existed - eventually something comes out that becomes almost a parody of what's going on around it. This parody eventually symbolizes the irrational behavior of a trend. To me, NKLA will be that historical example. In literally mere days, NKLA, during a hot market run, skyrocketed to 100+ per share. Based on what exactly? No car manufactured, no car officially sold, not even a deposit. Yet this company, with a CEO who is boasting the fact that his company will be worth 100 billion in the future, has skyrocketed off mere speculation that's been brewing like crazy in this market. + +There will be some correction to this. There is no rationale behind any of this. +I've also been "mining" Bitcoin on the side for an extra $90-130 a month too but it's so slow I don't run it 24 hours. I really want this to be a success post, but, that money has to go a new $12k loan I needed to fix my house but I'm glad I just got stuff done, sad to see it just go to another bill instead of saving +Just the most recent news headline out the many https://www.news.com.au/finance/business/banking/western-australian-mans-580k-live-savings-disappear-from-ubank-account/news-story/d4ba3f60cf0ebbdecdd1f2ed88188afd +Westpac cuts rates on savings accounts by 30bps, now only 0.5&#37;. + +[https://www.westpac.com.au/personal-banking/bank-accounts/savings-accounts/rates/](https://www.westpac.com.au/personal-banking/bank-accounts/savings-accounts/rates/) + +CBA cuts by same, now 0.5&#37; + +[https://www.commbank.com.au/personal/accounts/comparison-table.html#Savings](https://www.commbank.com.au/personal/accounts/comparison-table.html#Savings) +Can anyone confirm the numbers from the recent AFR article about big 4 consulting **(not audit)** pay? Are these numbers close to what they actually pay for each grade? + +I know that the 'typical experience' listed is a few years higher than what it takes to move up if you started as a graduate, which I imagine is being skewed by lateral hires (e.g. senior consultant is generally 1.5-2 years after starting as a graduate, manager is generally 2-3 years after that (so 4-5 years total) + +&#x200B; + +([https://www.afr.com/companies/professional-services/financial-review-consulting-salary-guide-20210601-p57x5w](https://www.afr.com/companies/professional-services/financial-review-consulting-salary-guide-20210601-p57x5w)) + +https://preview.redd.it/a9a9wkgrnc971.png?width=914&format=png&auto=webp&s=2d54c2b8b81ed005ce86ed9fe485f49afde7f934 +I went from being 90% certain to 99% certain that GME in some way is going to the blockchain. + +[https://medium.loopring.io/the-2019-truth-on-security-tokens-7800c14129e4](https://medium.loopring.io/the-2019-truth-on-security-tokens-7800c14129e4) + +I just don't see any other way to put together all the evidence thus far in the saga, on top of this 2019 post from the guy who is now *head of blockchain* at Gamestop. + +We will be able to sell our tokens for phone numbers or close to it and hodl the original shares. + +more terms for the bot: stockchain/stonkchain stockblock/stonkblock, gameblock, gamechain, chaingame, chainstonk/chainstock +I repeated Diane Reynolds' simulation, as described [here](https://hackernoon.com/simulating-a-decentralized-lightning-network-with-10-million-users-9a8b5930fa7a), using her program. The only change I made was that instead of having "11 different fee policies evenly distributed among users", each node simply asks for 0.01% fee (= value x 0.0001) to route a transaction. Some of the 11 fee policies were quite complicated, like "trying to make channels more balanced". + +Here are the main results: + +Payments attempted: 500,000 + +Fee as a percentage of the payment 0.175 + +Routing failed: 7 + +Routing failed for big payments: 3 + +Routing failed for mid sized payments: 1 + +Routing failed for micro-payments: 3 + +Average lengths of routes: 17.5 + +So the payment failed for only 0.0014% of the payments. Note that for the last 100,000 payments, routing failed only once (1 midsizedpayment) and from 100,000 to 500,000 only 3 times (1 big, 1 mid size, 1 micro). The average total fee for a payment makes sense, as 0.01% x 17.5 hubs = 0.175% total fee. I didn't realize the program stopped after 500,000 payments and will now try to run it for more payments. + +**EDIT::** to see what happens when much more payments have occurred than there are users and channels, I've repeated the simulation with only 10,000 users. This means each user has 8 open channels and so (since each channel involves 2 users) there are about 40,000 channels open. The main result here is that mid size and micro payments almost always happen, big payments fail in 2.5% of the 1 million attempts. That's a really nice result because these big spenders can more easily choose to perform the payment on-chain: + +Here are the main results: + +Users: 10,000 + +Payments attempted: 1,000,000 + +Channels that have been used (now at max): 40,552 + +Users that have participated (now all): 10,000 + +Fee as a percentage of the payment 0.11 + +Routing failed: 24,927 + +Routing failed for big payments: 24,774 + +Average lengths of routes bigmpayments: 12 + +Routing failed for mid sized payments: 147 + +Average lengths of routes mid sized payments: 10 + +Routing failed for micro-payments: 6 + +Average lengths of routes micro-payments: 10 +I have 350 at ₹195. + +Should i sell and invest in any other company? + +Trade war, Brexit etc. has had a huge impact on its share price and it seems to be creating new low everyday. + + +Although i am a long term investor with horizon of 3-5 years or maybe more, but there seems a liquidity crunch in the stock. + + +I was thinking about shifting to Ashok Leyland or Maruti. + +Suggestions? + + + + + + +Edit - BIT THE BULLET AND SOLD IT. +would wait till next week for buying another share. +Probably M&M around 700 or Maruti around 65-6600. +As the title states are there any podcasts or television shows you use to keep in touch with what's happening in the market or ones that you find particularly interesting and useful for traders. + + +I mostly engage in equity day trading but am interested in getting into long term trading. +Hey guys !! + +I'm been thinking about investing in Startups off lately. + +Anyone here who has done so or any pointers what to look for while investing ? + +Key sectors where we will see the major impact ? + +TIA +Is it a good idea to look at these companies for investment. Companies like United Spirits, JSW Steel, Chola financial, Lemon Tree etc., are seeing an increase in promoter shareholding. [https://economictimes.indiatimes.com/markets/stocks/news/promoters-use-correction-in-share-prices-to-increase-stake-in-their-companies/articleshow/70986376.cms](https://economictimes.indiatimes.com/markets/stocks/news/promoters-use-correction-in-share-prices-to-increase-stake-in-their-companies/articleshow/70986376.cms) + +Promoters are wealthy enough to sustain a long duration of correction/sideways move. But, on the other hand, they have all the inside information about their companies. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +[Tesla](http://www.cnbc.com/2017/07/05/goldman-predicts-tesla-shares-will-get-cut-in-half-on-plateauing-model-s-sales.html) + +Goldman probably undercutting Tesla, people panic and sell, then Goldman comes out with another 'prediction' saying Tesla will reach $1000... +[Tesla](http://www.cnbc.com/2017/07/05/goldman-predicts-tesla-shares-will-get-cut-in-half-on-plateauing-model-s-sales.html) + +Goldman probably undercutting Tesla, people panic and sell, then Goldman comes out with another 'prediction' saying Tesla will reach $1000... +# Note: + +I am not a financial advisor. I am an engineer with a strong stats background. These are my thoughts and findings. + +# Let's Begin with Some Learning: Defining Dividends + +This entire theory stems around how the dividend was used to hide any price manipulation and other tomfuckery so we gotta start with defining the dates and shit. + +When you check out dividends, it'll have (4) different types of dates that surround it: + +* Declaration / Announced Date +* Ex - Dividend +* Record Date +* Payable Date + +Here is an example I pulled from the [SEC website](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and) to describe these dates: + +[Defining Dividends](https://preview.redd.it/wg0k2jqduer71.png?width=624&format=png&auto=webp&s=2162273dba0abe569d69e54d32acf68e1b75c46d) + +# Some Quick GME History: + +TLDR: GME gave a cash dividend from 2012 to 2019. + +# Mathemagics + +The table below lists the dates important to the dividend along with related values. + +Sources: + +· [https://www.nasdaq.com/market-activity/stocks/gme/dividend-history](https://www.nasdaq.com/market-activity/stocks/gme/dividend-history) + +· [https://marketchameleon.com/Overview/GME/Dividends/](https://marketchameleon.com/Overview/GME/Dividends/) + +[GME Dividend Dates](https://preview.redd.it/l3wfh765ver71.png?width=811&format=png&auto=webp&s=dd849350bcb4861a4200e72a009e6b3071db3dc5) + +Here are the closing share price relative to the above listed dividend dates. + +[ Closing GME Share Price with Dividend Dates Highlighted](https://preview.redd.it/cwufnvmiver71.png?width=1064&format=png&auto=webp&s=03944d9ae5edaf4c2ab15fd8202af77cb6840f33) + +# This is where things start to get weird.... + +For a while, GME didn't seem to announce when the dividend was going to happen until like 2015 so here is a zoomed in graph of that time period. + +[Zoomed-In Dividend Dates with GME Share Price](https://preview.redd.it/p4m7zayuver71.png?width=1088&format=png&auto=webp&s=5844b3af6150d3980ecd0b06a0a1f9b3924a7d81) + +If we were to subset the data such that we only view the dates when these specific events occurred and graph them with their corresponding share price, we get the follow graph. Nothing really too interesting-ish. + +[All Dividend Dates with Corresponding Share Price](https://preview.redd.it/wp3640o51fr71.png?width=1353&format=png&auto=webp&s=449096a425d9f898d9522d8171c81e97f3ca9e4d) + +However, since the announcement dates didn't begin until 2015, I went ahead and did some further isolation to focus on this time frame. What's bonkers about this is the extremely high R\^2 values comparing the share prices with the corresponding dates. I also added the surrounding share prices that weren't part a dividend related date to show how linearly the share price was decreasing. + +[Share Price and Dividend Dates](https://preview.redd.it/5b487yfc2fr71.png?width=1360&format=png&auto=webp&s=2403b4222480f457b6d82cfd369dc6af07d19cff) + +Despite how GME was a failing brick and mortar company, the dividend value increased despite how the share price was dropping. (This will be important for later. Not now, but later). Let's quickly define the dividend yield and it's relationship to the share price: + +[Dividend Yield Calculation](https://preview.redd.it/a81e553v3fr71.png?width=711&format=png&auto=webp&s=7bd250d55eb084ce877a7f668e998ea8f932e61f) + +[Dividend Yield, Change, and Share Price](https://preview.redd.it/1438fqf0zer71.png?width=1520&format=png&auto=webp&s=ee07fa93e5cb3c971e044140cdcfacf6ed225f19) + +Here's another way to look at the data showing the linearity of the dividend yield versus the share price further exemplifying how as time continued, the dividend yield increased. + +[Increasing Dividend Yield as a function of Time](https://preview.redd.it/y26pog3f3fr71.png?width=1305&format=png&auto=webp&s=4cf1529f92a6ae721ca1397f2244e83dd7e4ab3e) + +While the argument can be made that an increase in dividend was made to increase the attractiveness to retail investors, I personally would argue against that solely due to the stupid fucking high amount of this fucking dividend. + +Just to get a better comparison how fucking stupid high this dividend amount GME was pumping out at this time, here is a current list I quickly pulled when I googled "high dividend stock average." Here is the first [link](https://www.nerdwallet.com/article/investing/how-to-invest-dividend-stocks) that came up. + +[quick snap shot of current high dividend stock but you get the idea. ](https://preview.redd.it/1n1erdhx5fr71.png?width=962&format=png&auto=webp&s=0c57d018e4531d042016751f44660a6006ae3d9b) + +GME passed this list in like 2015 and almost even doubled it during 2018 / 2019. Now, that the dividend has been beaten to death, + +# Time for Some More LEARNING!!!! + +As a sanity check, let's do some basic investing learning just to cover our bases as to why other tickers could see the same thing. Pulling from [investopedia](https://www.investopedia.com/articles/active-trading/090115/understanding-how-dividends-affect-option-prices.asp) detailing how dividends relate to options volume: + +*The payment of dividends for a stock impacts how options for that stock are priced. Stocks generally fall by the amount of the dividend payment on the ex-dividend date (the first trading day where an upcoming dividend payment is not included in a stock's price). This movement impacts the pricing of options. Call options are less expensive leading up to the ex-dividend date because of the expected fall in the price of the underlying stock.* + +*At the same time, the price of put options increases due to the same expected drop. The mathematics of the pricing of options is important for investors to understand so they can make informed trading decisions.* + +The key take away is.... + +# Calls are cheap AF on the Announcement and Ex-Dividend Date + +# So if I were a corrupt, greedy asshole.... + +with a bunch of naked shorts that may or may not need to be "covered," I would probably want to buy calls to to cover these naked shorts when they were the cheapest. (Un)fortunately, I'm just an asshole so I, as a retail investor, don't do that shit. Going back to the mathemagics and data... + +# Some MORE weird shit but with options + +GME is shorted to shit so I pulled the options data from market chameleon. That data only goes to like 2013Q3 to present so that's what we're going to see below. + +Since the dividend seems fucky, I added those dates in as well to see what the fuck was going on. Immediately, one can see how the announcement date often has both the highest IV30 as well as the highest volume just overall during the this 2013Q3 to 2019Q1 - ish time period. + +[Options Volume and IV30 with Dividend Date](https://preview.redd.it/bsy398bz9fr71.png?width=1283&format=png&auto=webp&s=757992b565af20010df05b82cca28348ffb9ce57) + +Let's also add the overnight change because that was a significant variable I used to estimate August 24 mini squeeze so for more data dumping. + +[Options Volume, IV30, and Overnight Change with Dividend Date](https://preview.redd.it/runuu9cojfr71.png?width=1353&format=png&auto=webp&s=334654995f73a5073126e410ce26cb8cdbd04ace) + +Let's see how the daily options volume compares to daily trading volume. I even extended the time frame to mid-2020 for better comparison. Cool. Cool. Cool. Days with the most options volume are the same days with the highest trading volume. + +[Daily Options Volume and Daily Trading Volume](https://preview.redd.it/q2rdecisafr71.png?width=988&format=png&auto=webp&s=7086310bf4f1f235ca84c0e7dcb48f00b35b056a) + +# Let's put it ALL Together!!! + +[Close, IV30, Volume, Options Volume](https://preview.redd.it/0cen105vkfr71.png?width=1517&format=png&auto=webp&s=6fa0354435e5f46b03b55935af128f288a8808c2) + +# Back to our Roots + +From a DD I did a while I ago, I identified this dates as the most significant: + +[Basically One of my Favorite Tables](https://preview.redd.it/v6m3bwv8lfr71.png?width=513&format=png&auto=webp&s=9e8c7915c1745312d56aec6bf063a7abb40aac77) + +Joining those dates I was able to isolate with the first dividend table and calculating the net total days, we get!!! + +[Dividend and Significant Dates](https://preview.redd.it/utmrpt0glfr71.png?width=1256&format=png&auto=webp&s=b25ef992ff4fa08e8324bdffac1b951822b36d74) + +Let's make a graph of those net days + +[Net Days from Isolated Dates and Dividend Shit](https://preview.redd.it/5ukth45klfr71.png?width=1087&format=png&auto=webp&s=e4641ac16a35998308f06f5a07797d717d31e1d1) + +# What does it MEAN + some tin foil hatting-ish + +Many have stated that if we know this shit is going on, they can change the algo. I don't think they can because of potential reasons that are not verified: + +* There is no one to do the programming. + * The original people that programmed this could be dead so no changes have been made. Who knows how long this thing has been going on? + * The most recent programmers left. +* They literally don't even know how to. Since this is a black swan event and so many variables are going bonkers, there is no model to use to even know which variables to change. +* They potentially only have 1 shot at fixing the script. It's done ok thus far so they let it keep doing what it's been doing and pray for a bailout. +* The fear of making even the smallest mistake and causing a crash aka MOASS. + +# Key takeaways + +* GME experiences quarterly swings due to the IV30 values which were entered around a dividend that was previously given. +* Call options are bought around this time to make it appear as if the naked shorts are covered because call options are cheap AF. +* Although this dividend is no longer in play, the algorithm still is acting as if it is and thus we see mini squeezes around when a dividend would have been given out. This is why we see repeating dates. +* My current guess for the next mini squeeze is November 23, 2021 (11/23/21 -- Fibonacci Sequence Day and also an almost numeric palindrome.) + +# Why the January Squeeze? + +TLDR: Taxes + +# To be continued.... + +# TLDR: + +* The share price is manipulated. +* Keep those hands diamond. Those balls titanium. And your butthole clenched. +* Hold the line. +* November 23, 2021 + +Edit 1: I forgot to get into the sideways trading bit but I guess that's for next time. + +Edit 2: [tweet](https://twitter.com/pwnwtfbbq/status/1445014638979006465?s=20) + +Edit 3: wording and typos + +Edit 4: Removed duplicate texts. + +Edit 5: Change 11/23 to November 23, 2021. + +Edit 6: Had to clarify why I think the computational algorithms can't be changed. + +Edit 7: Added more about the algos not changing due to the lack of programmers that know how to do so. + +Edit 8: Removed more duplicate writings. +This post is a repost of [This post](https://www.reddit.com/r/Superstonk/comments/mpfczh/citadel_the_botswana_connection/), the reason for reposting is that during the last two days [This post](https://www.reddit.com/r/Superstonk/comments/phkr7x/looking_at_the_panama_papers_i_bet_there_is/) by [u/laflammaster](https://www.reddit.com/user/laflammaster/) raised some questions about Suliman Dockrat, the involvement of Citadel in Africa and other HF connected. Also, some apes urged me to repost this. + +About 5 months ago I made this DD but it got buried and didn't get much attention probably because of bots fudding. It is a light read and it shows the connection of this Shitadel shareholder to Shitadel itself, tax evasion and I probably only scratched the surface. I speculate more methods are used through those companies but I am not wrinkled enough to go down the endless rabbit hole. + +PLEASE UPVOTE FOR VISIBILITY + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Before I start I just want to point out that this could not have been written without the panama papers project and I learned today by [u/IBRoln1](https://www.reddit.com/user/IBRoln1/) who made [this post](https://www.reddit.com/r/GME/comments/mp6eiq/know_this_woman_because_she_is_one_of_the_reasons/) about this incredible woman who was one of those heroes who brought them to light. I had no idea of her story and I want to dedicate this as a tribute to her memory. we live in a shitty world where real journalists who work for the greater good of society are hard to come by, may she rest in peace. + +&#x200B; + +https://preview.redd.it/7z9xdoav4ql71.png?width=120&format=png&auto=webp&s=67d6c80f46708a44c62e2c515ffa85989f9be426 + +**Citadel – The Botswana Connection** + +This piece you are about to read (if you know how) will allegedly show a possible connection that could imply by theory that Citadel is avoiding tax by using a network of intermediaries and shell companies (shocking right?). + +I have no background in finance, no degrees, I am a student of emergency medical treatment. I have been trading the US stock market since 2015 and had my fair share of being manipulated, reading SEC reports, getting screwed by HF , HFT and more. don't take anything written here as an indication that Citadel is in fact tax scheming, it is all theory and implied by free information on the SEC, Panama Papers, ICIJ data base and other websites I used to try and follow this network. + +I am going to show only one network, there could be many, honestly your head starts to spin. +\*Just to be sure – THIS IS NOT FINANCIAL ADVICE.. English is not my native language, so I apologize in advance for any mistakes. + +**With that said are you ready for a short ride** ? + +OK apes, Citadel is a conglomerate that is divided and pieced by many parts, one of those is "Citadel Group". + +**Citadel group companies are**: Citadel the asset manager, Citadel Securities the market maker, and Citadel Technology. + +You probably know that a popular way of avoiding tax is sending your bananas through shell companies into tax havens like the Andorra, the Bahamas, the British Virgin Islands, the Cayman Islands and more. + +So, by trying to find a lead I had to find some offshore entities which is a known way of avoiding taxes and moving money. a short search on ICIJ (which is a great website btw) brought up many "Citadels" and I just started to follow one of them. entering: + +" **Citadel Investments Group Limited** " + +Incorporated 26/6/12 in the Bahamas, which is a well know tax haven. turns out this citadel has an intermediary named **"Hilal Al Emarat General Trading"** (which I couldn't find any info about other than that it being a business placed in the **UAE)**. So, I looked into the address and found something interesting: a shareholder of **citadel** whose name is Suliman Dockrat. Funny enough was finding that his registered address was the same of "Hilal Al Emarat General Trading" - **Address: #501; Al Jawahara Building; Khalid Bin Waled Street; Burdubai; P.O. Box: 2769; Dubai; UAE.** + +**What the hell is an intermediary ("Hilal Al Emerat Trading")?** + +Intermediaries are firms or persons, such as consulting firms, banks, lawyers, tax advisors, accountants, etc. How do they tie in? They can help their clients to set up schemes to reduce their tax bills. + +>A **financial intermediary** is an institution or a person that acts as a link between two parties of a financial transaction. The parties could be a bank, a mutual fund, etc. where typically one party is the lender and the other, the borrower. + +&#x200B; + +https://preview.redd.it/y0ll1ml15ql71.jpg?width=1031&format=pjpg&auto=webp&s=dc6468b322ffeb71676a435bc677e6ba44136983 + +**Who is Suliman Dockrat?** + +Apparently he is a businessman who is a share holder of quite a few off shore investments groups, managing client portfolios. Sometimes his name is written as "Suliman **ESSOP** Dockrat" (this is important). + +He is tied to many companies like: + +**Sound Investments Holdings Limited** + +**Banbury Investments Holdings Limited** + +**Mount Pleasant Investments Limited** + +**Panoramic Investments Management Limited** + +**Authentic Investments Management Inc.** + +**Citadel Investments Group Limited** + +&#x200B; + +&#x200B; + +[How many Sulimans are there?](https://preview.redd.it/0xzi44z45ql71.png?width=936&format=png&auto=webp&s=9951f3f206085dab15d58765545969d74dbe23c1) + +Here is what important to know about Mr. Suliman Dockrat – he was tied to a tax evasion investigation nicknamed "**Choppies**" which is a supermarket chain in Botswana (you can read about it here [https://panamapapers.investigativecenters.org/botswana-choppies/](https://panamapapers.investigativecenters.org/botswana-choppies/)) . + +**Didn't read it right? Well, here is the shorter version with important stuff:** + +There was a rich dude, **Farouk** **Essop** **Ismail** (Essop?) who sold his shares in the "Choppies" company to a bank for $60M avoiding tax. turns out that our man is connected to non-else **Suliman Essop Dockrat** –Yep one fucking happy family . I guess avoiding tax runs in this family, coz our heroes in 2014, used agents in London and Dubai to invest in a company named "**Langney Road Investment Limited**" which helped them conceal money in tax havens like the **Bahamas** – The company was founded by <drumroll> Mr. Suliman Dockart: + +>*"The leaked documents show that Ismail’s son, Faizel, wife Fazeela, and daughters, Sadiyya and Ayesha, joined Langney, an “international business company,” four months after it was established by a Dubai-based front,* ***Suliman Dockrat***\*, in October 2013."\**Choppies share sale profits linked to offshore activity - Panama Papers* + +So, guess who else is tied to **Langney Road Investment Limited**"? no, not **Citadel, silly apes** (start thinking like a rich HF manager), it's **intermediary** "**Hilal Al Emerat General Trading**". OH why of course it is. Could it be that citadel is using Mr. Suliman for the same reason Ismail did? Well, are you Jacked to your tits yet? Coz we are going one level deeper. + +&#x200B; + +[Langney Road Investment Limited - A small family business](https://preview.redd.it/4l0xedpu5ql71.jpg?width=801&format=pjpg&auto=webp&s=0a34f3b9c1e1c69d92f2af12d5e78e302a7e5a04) + +&#x200B; + +**1 level deeper:** + +Remember that network in London and Dubai that was set up using Langney Road Investment Limited? + +Well, The network was set up by a man called **Mossack Fonseca**, he holds **"Moassack Fonseca & CO. Limited"** which is located in the Bahamas (I guess Limited is code for tax avoidance). + +When I dug in and checked their wiki it turns out it is a firm and apparently very good with taxes : + +&#x200B; + +[Moassack Fonseca & CO. - Avoid tax by selling cars?](https://preview.redd.it/n5dbz6636ql71.png?width=1686&format=png&auto=webp&s=fb057fe23ac6350027bf2b0fa59a7261d6c0d76b) + +&#x200B; + +So this Moass-ack firm is apparently a **world wide** tax avoidance helper of some kind, just look at how many entities are written on their name (14,901, thank you u/mcloudnl\*\*)\*\* + +&#x200B; + +[14,091 shell companies](https://preview.redd.it/p14abi796ql71.png?width=1121&format=png&auto=webp&s=192f1bb20be34d5e740e2097d56a5cd52f8ee6d0) + +&#x200B; + +OK we got it, these banana shoving lawyers are helping rich fucks avoid tax so what? what does that have to do with Citadel? Calm down little ape, did I forget to tell you? guess who **Moass**ac are intermediary of? You guessed it! Fucking "**Citadel Investments Group Limited**" which is the same company as the one we started with and held by Mr.Dockrat -we came full circle! + +[Full Circle.](https://preview.redd.it/6tfz3qwh6ql71.png?width=716&format=png&auto=webp&s=20ed42392da1ad500bc8d868f12ad2cda66f3a3a) + +So to conclude: + +**TA:TR** + +There is a connection between Citadel to an intermediate named Hillal Al Emerat Trading. The manager of that intermediary (Mr. Suliman Dockrat) is a shareholder of Cittadel Investments Group Limited and he is tied to a tax evasion scheme in Botswana. There is definitely a connection between his family's tax evasion through a firm named **Mossac Fonesca & Co limited** that set up that network that enabled the tax evasion (and probably 14,091 others). **Mossac Fonesca & Co limited** are an intermediate for **Citadel Invetments Group Limited.** + +I**n short, by following this path we can, by theory, say that they are using Mossac Fonesca & Co to avoid tax just like Mr.Suliman Dockrat or even using him to do this.** + +&#x200B; + +btw did you get the name of the firm? **MOSS**ack and BOTSwana ?- conformation bias ? SIMULATION? + +**This paper was written in a time of great FUD by bots so it may have gone unnoticed - please upvote to support it being seen by apes this time.** + +Edit: a too long to read section. + +Edit 2 : Added pics again + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 3: REPOST cosmetics. + +In memory of Daphne Caruana Galizia. + +&#x200B; + +[Daphne Caruana Galizia - RIP](https://preview.redd.it/axlsusjw7ql71.jpg?width=870&format=pjpg&auto=webp&s=896716cecbb6f4b147a3a2dec645fe5a4feebd0a) +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 negotiated very hard with my boss and now iam getting my salary bi-weekly in bitcoin. + +I had to sign a agreement that any price fluctuation after the salary tx is on my risk, but of course I didnt expect anything else. + +If the USDollar loses value after I get my payment its also my problem and not his. + + +My landlord has a big management company for apartments and is also integrating bitcoin payment. + +What a time to be alive + +My wife runs a business that was ordered closed by our state due to the coronavirus, 2 weeks ago, around 40 employees. Our closure happened before the stimulus program existed, so the employees all filed for unemployment. We do not have receivables and we split up the remaining money in the business account to give to the employees so they got an "extra check" before we closed. There's about enough left to pay the credit card processing fees, and on April 1, there will be bills to pay. + +We own the real estate, and are able to defer mortgage payments for 3 months and the lenders will put the balance at the end of the loan / reamortize. I am currently working, but will likely be taking a paycut (specialist doctor - volume is about half of normal right now). + +For months 1-3, to maintain employee health benefits, utilities, insurance, etc.... we are looking at around $10,000 / month. + +For months 4-12, to maintain employee health benefits, utilities, insurance, and pay the mortgages, we are looking at around $20,000 / month. + +6 months of this would cost $90,000, 12 months would cost $210,000. We have noone else to talk to about this. Our household net worth is in the $3-4M range, depending on real estate values. I have $300,000 in cash and our personal expenses are not very much, we are not big spenders. My wife wants to help her employees, many of which have been with her for 10+ years. + +EDIT: As an update, our bank emailed, and the Paycheck Protection Program in the stimulus bill, allows companies that were paying payroll though February 15th to apply, and we should be eligible. So things are looking less bad. +I'm in the market for a new home loan just as interest rates are creeping up. I'm wondering if anyone here has used their portfolio size to get a better rate. Say by moving a chunk of your funds to their bank in a private client relationship? I spoke with Chase recently, and it seems they have a marginal discount. Are there any other places where it will be worth it? +I am very confused on what are family offices for. Originally, I thought that it was a way to structure wealth in a particular way for tax efficiency, however speaking to some field experts, they are mostly set-up for family governance (which I dont really understand what it means). + +Why would someone set up a family office for portfolio management? +What's up apes, Donnybiceps in the building ready to carry you not on my back, but on my bodacious biceps. Here me out. + +Yes I know you hedgies and banks are going to read this and know you're screwed because the truth is solidified for me in regards to all the DD that has been done on this reddit and meeting this hedge fund guy solidified it even more for me. + +This hedge fund guy does not deal with Gamestop but instead other large companies, so he doesn't exactly know what's going on with Gamestop currently. + + +Went to an event and a lot of people are very well off in life and work in industries that deal with lots of money, but I spoke to a guy that currently works at a hedge fund for at least a decade. I rubbed off Superstonk knowledge to this guy in regards to Equilty Total Return Swaps, ComputerShare, and Evergrande. + + +The hedgie guy agrees that Broker Dealers can hide short interest with Equity Total Return Swaps. He said that short interest can be hidin within these Broker Dealers for 1000s of percents higher than the float of a company. He agreed that the spikes every quarter for futures contracts could be the reason why there are spikes with Gamestop. + + +ComputerShare (CS) is the final nail in the coffin. Hedgie said if CS has all the shares locked up with individuals/institutions that's when a short squeeze can occur. All the shorts must cover once shares are all locked up in CS or if the remaining float is locked up in physical paper. + +I also spoke about Evergrande and agrees that Evergrande will most likely destroy China's economy, didn't mention if Evergrande is going to impact the US at all; forgot to ask. Evergrande is most likely going to firesale everything they have and don't believe they will be able to cover their liabilities. It's going to be crazy according to the hedgie. Highly recommend reading this chain of tweets that Burry tweeted about because that's basically what is going to happen to China. + + +https://twitter.com/INArteCarloDoss/status/1438944431734919175?s=19 + + +TLDR: Hedgie guy agrees with the Equity Total Return Swaps hiding short interest possibility for gamestop, the rest of the float of Gamestop being locked up in CS should force a short squeeze due to outstanding short positions currently out there, and that Evergrande is going to rip a giant hole in China's economy. Hedgie agreed that price in theory could go to infinity. Buckle up ladies and gentlemen. + +Edit: whoever is reading this now and the comments that have been posted, did you notice something? None of what I have said in regards to ETRS, CS, and Evergrande are being refuted. Yeah I know this is confirmation bias but also judging on any push back on the specific topics have been negligible. Sucks to be on the short end of this bet doesn't it? :) +Imma be honest, I only partially DRS'd my shares. Some XXX of XXXX. The rest are in my brokerage. + +Why? Well, DRS seems a little slow/clunky to execute, and my broker doesn't have a track record of sending great tax basis info, so it means more work at tax season. If I can hold in DRS, I can hold in my brokerage. + +Holy shit was that wrong. + +I should have seen the writing on the wall. Nothing had yet convinced me, including GameStop actually listing the DRS numbers on their reports - which should have been a massive red flag. + +But lower DRS numbers. That's it. + +We're not selling from ComputerShare. We all know that. And most are buying constantly (when they can). So the small amount it increased is obviously a larger player buying/selling in a format they never need to use, for the sake of messing with the report and our expectations. + +Why do that? Because DRS is causing them problems, and that's all the info I need. I'll be contacting my brokerage today to fully transfer my position to ComputerShare. Will post here in a few days when its done. + +I'm done giving them just the tip. Time to fuk these hedgies. +I’m a big believer in the “not your keys not your coins” mantra that is popular in this sub. I store almost all my crypto on a hardware wallet, and only keep a small amount on reputable exchanges. + +That being said, I recently had a conversation with a friend that began to change my perspective on the matter. Essentially, his argument boils down to the following points: + +The technical details of who “owns” the coins doesn’t matter as much as some people would lead you to believe. The large majority of people just want to earn money from crypto, and at the end of the day most should store them in the place where they are least likely to lose their funds. (Obviously there are exceptions to this rule, for instance if you use participate in DeFi, need your private keys to stake, etc, or actively use your crypto for purchases). You can feel superior by having your own hardware wallet, but if you were told that you were 1.5x more likely to lose your funds, would you still use one? + +Now that 1.5x number is completely made up as it’s hard to quantify the exact relative risk, but you hear far more stories of people having their keys stolen or lost than of reputable exchanges being hacked (keyword being \*reputable\*, don’t store anything on shady/small exchanges). Do I trust myself more than a $100B tech company who’s business is dependent on not getting hacked? + +Furthermore, if you lose your own keys, you’re 100% screwed. If Coinbase got hacked, they have some insurance and would likely try and refund their customers (perhaps in USD), or else they would surely go out of business. And I know some exchanges wouldn’t do this, but the major players have insurance, billions of assets under management, and deep pockets from funding as well. + +Honestly, I think it was a good argument that made me start to rethink how I store my crypto. I’ll still use a hardware wallet for likely the majority of my crypto, but will consider splitting up my funds more evenly. + +I fully expect this to be an unpopular opinion on this sub, but I do think the issue isn’t completely black and white. At the very least, storing some crypto on a major legit exchange is a way to hedge against my own stupidity. +This is a very basic take from a volumetric analysis of Bitcoin. Data dates back from yesterday, but today's confirms this prediction. + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. THIS IS JUST ME SHARING MY OWN. Hopefully to kill some of the unnecessary FUD out here.** + +I'll go briefly over the following points: + +1. How we call this prediction for BTC. + +2. Extrapolation to global market cap and other cryptos. + +3. What it means for the crypto space. + +4. Why this information should help you. + +*Note: I'm not a native english speaker so please forgive in advance any approximation in terminology. Hopefully you can correct my words rather than criticize (assume it's logically correct but using the wrong words, before bashing. I'll humbly accept any criticism too, the point is to discuss.)* + +___ + +# 1. Volumetric Analysis + +Observe this chart, especially the horizontal volume bars on the right, relating to pricing: https://i.imgur.com/ePOS4Ag.png + +(*Source: Trader of Futures, Published on Jan 29, 2018 on YouTube, link at the bottom. You can watch the video if you want more details about volumetric charts*). + +Most people look at Technical Analysis from a price standpoint (candles, etc), but this is more backward-looking than forward. In essence it shows what *has* happened, not what is *about to* happen. + +From a volume standpoint though, you can effectively characterize two very important aspects of a given value: + +* horizontally (time axis), you can retrace the actual weight, so to speak, of a move. How much global pressure there is/was in moving (the actual move is based on the average of ups and downs in a given time-frame, but how much volume overall tells you if the market is dull/weak or jacked/strong). + +* vertically (price axis), you can effectively characterize the actual levels at which traders are comfortable. When you see a low in volume on the Y-axis, it means that people are avoiding this price point, hence the valuation will usually either stop there ("support" or "resistance" level) or move past it. Which way depends on fundamentals (internal/external), which we'll discuss in 3. below. + +You can see very clearly that BTC is dull right now over January (horizontally), there's not much incentive to upset the current (downward) trend. Down moves are strong, comparatively to consolidations (horizontal/up moves). + +You can also identify the following support levels: + +* ~$8.44k + +* ~$5k + +* ~$3k + +Notice how the volume is much bigger below 8.4k than it is above: this is strong sign that many people are comfortable buying below 8.4k, indicating that there are little chances we go below (everything will be bought). This is currently the strongest *next* support level for BTC. + +Notice also how it's much, much bigger below $5k: reasonably we can assume that BTC cannot move lower. If we break the 5k barrier, it will be bought almost instantly in the $4k-$5k range. + +It's all intuition and sentiment, but given the current situation of cryptos (see 3. below), it is **very likely** that we will go down to 8.4k. It is also very likely that we'll pick back up after that. + +Currently, there is resistance around $12k. To break above that level, we'd need volume (horizontally, a push up with enough weight). We'll see how it goes once this bear phase becomes bull again. It's hard to know when the shift back up will happen, but I'd expect in February, and breaking past $12k in March or so. + +___ + +# 2. Extrapolation to global market cap and other cryptos (top 25) + +Based on prices from yesterday, a dip to $8.44k for BTC would be about 0.85 its price when I took the values (9913 at the time). + +It seems that the market is vastly correlated to BTC globally, so if we simply assume a linear move for the market globally, here's what we can expect: + +https://i.imgur.com/nJb5Uiw.png + +In blue, a 0.85 dip. In pink, a 0.51 dip down to $5k-ish. + +Again, it's very likely we will hit the blue values. It's possible, although rather unlikely we'll hit the pink ones. + +For any value that's not in this chart, just multiply your coin's current value ×0.85 to get a feel of how much lower it will likely go. + +For a more thorough price prediction, we should look at volumes (in pricing, Y-axis) of each cryptocurrency. I don't have time to do that, but you can and would therefore identify the proper support levels for each coin. I assumed here that it's overall "about good enough" to get a feel. + +___ + +# 3. The crypto space right now + +This is the most subjective part of this post so I'll just echo general sentiment. + +## Some people have a clear interest for cryptos to go down temporarily + +Now that the crypto market has been somewhat legitimized, more and more people want in. They're not willing to buy at ATH obviously, so many are waiting. Others already in are taking profits as they see/saw this bear coming. It's all normal and a factual expectation of any market soaring high, then pausing a bit before going much higher if the underlying fundamentals are good. + +The crypto scene right now is a bit of both, good and bad fundamentals (from the tech which is good but mostly beta/alpha, to the use-cases and general legal environment which is uncertain for now and therefore more on the bad sides of things, until such time we clear these unknowns). + +Basically, whales are now waiting for the right time to enter. This is our $8.4k support level, as long as there's no major event to upset it (war, stock market crash, basically any macroeconomic bomb). + +## The somewhat official Bitcoin (BTC) is currently falling out of favor + +Versus other cryptos, BTC dominance over the market went from 66% to 33% in a month. It's a huge loss of dominance that it's very unlikely to recover. Many people are already predicting that Ethereum (ETH) will soon take it over. + +People also realized that BTC was no more viable as a "peer-to-peer electronic cash system" (words taken from Satoshi Nakamoto in the white paper) and that many other cryptos could be valid candidate. The space is in tremendous innovation, it's a really before-early-adopter phase right now. + +Internally regarding Bitcoin itself, there is also much controversy due to forks over fundamental disagreements (namely Bitcoin Cash BHC) and a questionable new direction taken by self-proclaimed official caretakers of BTC (namely "Blockstream"). + +This is the reason for the feud between r/Bitcoin (BTC) and r/btc (BCH). I won't go into it here, but let's just say that overall it's a bit of shitshow that doesn't reflect good upon any bitcoin fork right now, and that appearances can be very, very deceiving, willingly or not from their respective promoters. Personally, I've been flabbergasted at what I've discovered, and I'm pretty sure it will be a big bomb if it ever reaches the attention of major media (it probably won't though). + +Basically, BTC is falling out of favor fast from the general public, and this is causing the general crypto market as a whole to pause, reflect, and probably evolve, but that's never as smooth as it seems. + +My personal prediction is that the top 3 coins a year from now may possibly not include any bitcoin(s). + +## Tether, Bitgrail, Bitconnect: time to do some cleaning + +These are just examples of FUD-inducing events (some would say with good reasons!) that keep nagging this space with pains that keep it volatile and uncertain. + +It's not clear at all when the crypto market will become suitable enough for the real mainstream to enter, not even questioning its use cases for now. But there are thresholds in security, trust, compliance that we have yet to pass with flying colors. + +Again, this is causing more uncertainty. Since it's very hard to pinpoint the exact reasons for a surge up or a fall down in value of crypto-values, market actors are taking a stance back before making their bigger moves. Ergo, wait, see what's what. + +## South Korea, China and the USA are to make big legal moves + +We don't know yet what will the legal situation be 6 months from now. What's sure is that official authorities have taken a big deep look at cryptos now, and Asia is by far the biggest investor especially in the mainstream. We're nowhere near that level in the west, although the importance of the USA in the global economy amplifies its decisions from a media standpoint. + +Europe is also making moves, although as usually these days, it's a bit of an old dwarf versus Asia and America; its rather conservative population is unlikely to make massive moves (a notable exception is Switzerland for its relative independence from the EU). + +This is again more general uncertainty, especially in Korea and China, that begs investors to wait a bit before they move. Hence, the bear is making its run. Big money, the kind that has a clear interest for a lower price, isn't doing anything to stop that trend (see first point). + +## Big, real, good projects take time + +If you look at the development roadmaps and expectations from big projects team members (ETH, NEO...), you'll see that they expect to meet certain very important milestones (notably in scaling) by 2019 or even 2020. We're not there yet for general mainstream VISA-threatening adoption, guys. We still have A LOT of work to do. + +Did I already mention that this market needs time? + +___ + +# 4. What this information all means for you, how does this help? + +Obviously the most important parts were 1. and 2. regarding your investments. + +You now have a clearer picture of where we're going, most likely. You can anticipate how much your values will drop if they keep going down. So you can now arm yourself with patience, knowing that it is to be expected. + +A bear market sometimes makes casualties, in the form of values (coins, companies, entire sectors...) that had no solid-enough grounds. There are bankruptcies, some teams/projects get bought. Others earn their legitimacy, too. + +Don't panic. Just rationalize your investments: + +* Are the projects you support solid? It's not about being big (top 25) or small (in the high hundreds on CMC...), it's about being *good*, *realistic*, *solving problems*. It's about having people that can deliver on their objectives (track record, experience, behavior with other actors and on social media). I have more confidence in some rank 1,000-ish cryptos in my portfolio than some top 25. + +* How deep are their pockets? Dedicated their team? Can they withstand a month or even year-long bear market? Can they keep the payroll going until there's money coming in, i.e. a valid product? How timely is their product versus the chances of adoption? (this is why I insisted on making part 3. above). + +You can't necessarily know the real answer to all these questions unless you're an insider, but some projects are better than others at making these unknowns known. Trust your intuition. If something feels *off* to you, it probably is to some degree. Question is, how comfortable are you supporting them with your own money? + +___ + +# Final words + +## Expect the dip to continue. + +Until you see a market cap of ~420 billions, it's just the natural continuation of current volumes. It's OK, you already know (now...) what it means in terms of numbers in your portfolio. You wouldn't be here in the first place if you weren't ready for dips in-between highs. + +If we break below that, sub-$400bn, then chances are we'll be heading for a 50%-ish dip, down to ~250bn. It's OK, too. Don't panic sell. Just be brutally honest with yourself before that, to let go of projects that you don't really believe in (moonshots ICOs and over-hyped coins), remain confident as ever in the ones you trust to see the light eventually. + +This is a long term game, we're before early adoption in terms of tech. + +There will be many such dips before we get there. + +But we'll get there, eventually. That's what we all believe. And we have solid grounds for that belief, it's not faith, it's an educated guess based on how this world and business works. + +## If you want to double in (buy more), look at volumes to get a general bearing on your favorites. + +Look at volumes on your coins. On the general market. Look how big people are moving, not just how high/low a given value is moving (it could be very low volumes and mean not much, if anything at all). + +Don't be the sucker that only looks at candles. Spoiler: good traders don't really care for candles. Price analysis. TA. This is all just a reflection of the past. Volume is where it's at to anticipate moves, and you can only mix that with experience and intuition for the market. That's what investing on markets means. + +You should never invest in something you don't understand, in a company or project you can't judge for yourself. For instance I understand tech, so I'm comfortable investing in Silicon Valley tech companies. But I know shit about retail even though I read Sam Walton's and Jeff Bezos biography. So I don't invest in those. If you invest in crypto, you should at least know a bit about crypto-tech itself, and you should know about the industry your particular projects are targeting. + +None of this post is financial advice (I'm not qualified for that). But this is my only investing advice for you: **know what these guys you're giving money to are doing. Be able to have an opinion about their goals, how it fits in the real world.** + +___ + +That's it, peeps. Already long enough I guess. + +I'm hoping some nice fellow redditor can make a guide to volumetric analysis on tradingview.com or something. + +Have a great day. + +____ + +Link to the video that inspired me to make this post: https://youtu.be/DMFK6_gA_H4 + +____ + +### EDIT: QUICK UPDATE 2018-02-02 10:44 UTC + +* Here's the [current volume profile with up-to-date price curve](https://i.imgur.com/tfwUtX7.png) + +We're now standing right above the support level for BTC@$8.4K-ish (Y-axis volume profile). So far this estimation seems to be about right. [disclaimer: it's not just me, several people called this a month ago, I'm actually late to this party.] + +* Answering comments about graph analysis of any kind: + +Remember, it's not only graph analysis: a good part of *guesstimating* markets is just that, *guessing*, based on intuition/sentiment/experience, whatever you call it. The news *do* matter, so do the fundamentals (the tech, the target market/sector's readiness for adoption of products (aka S-curve), the legal environment, etc.). Part 3 in this post is mostly why I drew such conclusions from the volume profile, and why I ultimately felt we were going down (and could still go lower). **This doesn't change my general feeling that cryptos are here to stay and will be a major part of the economy in the 2020's.** Nonetheless, volume profile is a strong indicator of future performance, unless major event —extrinsic (e.g. global crash/war etc.) or intrinsic (e.g. bad fork, legal issues, etc.), for a period about as long as the retracing (here, 4 months, so whatever you infer from these charts above could only go as far as April or so). I feel the market is too new and volatile to infer much further from graphs, after that it's only sentiment. + +* Back to our chart: + +We broke below the average growth line from early October (white line + "!" on this graph). I don't think it's very significant, but some people would, so I included it. Notice we only have 2 strong lows to draw this, one (middle) is weak-ish. + +There's a big buy wall underneath our current $8.4K support level, so chances are we'll rebound. If we do break below however, we're headed towards the yellow arrow/line ($5K, $250bn market cap or lower if other cryptos keep falling below BTC, and they very well might *in average* if this is a sanitizing event —which is very much needed for the sanity of this space, imho). Looking at the overall ordered volumes (horizontally), the current fall isn't very much sustained however, about average, indicating a dull movement upset only by previous volume profiles as we speak. An influx of good news could reverse it. Otherwise... brace yourselves. + +___ + +**Edit 2018-02-02 23:30 UTC: the market seems to have stabilized around $410 bn.** +___ + +**Edit 2018-02-07 13:05 UTC:** We've hit a low of $270~280 bn, BTC tried the $6K level but bounced. News from the USA seems to have a positive effect, possible recovery ongoing (it's an integral part of the way we read these charts today). Volumes are stronger than ever on this rising trend. We may still see a bigger dip or two but general trend imho looks to be upwards. + +**We are currently testing a resistance level around $8500 for BTC.** (Next one above is 12K-ish and then there's no foreseeable bound. Below we sit above a direct fall to $5.5K). + +___ + +**Edit 2018-02-09 01:50 UTC:** We're not in the clear yet, imho. The sentiment is still bearish. There are signs of bulls waiting to come in but we're testing a rather strong resistance level kicking off around $8,400. Below the current $8K price, we do have to confirm or find a floor before we bull back up (last support on Feb 6th was at $6K, history shows a support level around 5,400 (from Nov 12) but volume profile suggests we could test slightly below, $5K support from mid Oct). + +I am still observing this market before making another post. I'm about half confident that we're seeing the last bears. + +Right now I don't have anything else to say to you other than what I'm personally doing: I'm holding, **not buying this dip just yet**; waiting to see a second confirmation of the support level in the $5K~6.5K range (i.e. support level). I want to make a most educated decision in the aftermath of this crash. I plan to buy in just after the bull market resumes, once I've had several (at least two) possible confirmations (might be RSI, might be volumes, might be some news/sentiment, might be just a textbook 'W' too). + +On the way up, regardless of when it happens, we still have to retest several resistance levels: $12.2K, 13K, 14.6K. BTC is very uncomfortable for some reason around $12K, so I expect turmoil in these areas. + +Here's my non-professional advice for crucial times: don't be too hasty. Don't panic over 20% when your end game is 200% or ten times that. Don't fear of missing out by a day or even a week when you're in for years... Many (educated) people still believe $30K~40K for BTC by year's end to be a rather conservative estimate. I concur. So who gives a f--k about $2K more or less now? ; ) + +___ + +**Edit 2018-02-12 20:20 UTC:** + +This time, the volume profile I outlined 11 days ago was rather spot on. + +I'm still observing the market honestly, we're in a bit of a horizontal move right now. We did stretch almost to $250bn in the dip, but it seems $420bn really is/was the consolidation average box. It's hard to predict which way it's gonna break out in the short term. (for more info, see "Bitraged" videos on YouTube, they really nail it in their current videos, lots of educational value too; I really like their channel). + +What's sure is that, everyday we spend at this market cap is all the more ground to "validate" this $420bn value; in other words as we accumulate historical volume at this level, it means that the crypto market really is worth it (increasingly certainly not less). That's a reassuring sign imho. + +I think the real consolidation will happen later this year, probably at a higher market cap, when "good" coins/projects start siphoning the "bad" ones. Big finance involvement (and their many audits, reports, evaluations, etc. destined to their major customers) will sort out the market hopefully more rationally than it is today. I expect this to slowly be reflected on rankings like CMC. + +Regarding Q2-Q3, there are increasingly many more signs that the future looks bright *overall*. However I'm thinking that the involvement of big financial institutions (FI) will likely result in much more regulation and therefore the death of many not-so-fantastic projects/coins, and some exchanges as well. I hope this will truly be the year of decentralized exchanges, so that we have an alternative to big FI's exchanges (I personally would use both, for different purposes). + +Personally I'm regrouping my assets around projects I really really trust, those with a promising basis and already established demand (e.g. fiat-to-crypto gates, or crypto management solutions for the mainstream), while planning on investing in some hot-shot ICOs during Q1. + +___ + +**Thanks again for all your comments and pms, I very much appreciate the discussion.** +You may have heard the term "anti-fragile" used to describe Bitcoin's progression. Bitcoin has been through a laundry list of trials and tribulations. + +The WikiLeaks debacle. +The Mt. Gox hack. +The 2013 bubble and crash. +Several hostile hard forks. +The 2017 bubble and crash from the IPO mania. +An IRS crackdown. +Political uncertainty and PR campaigns. +Bans imposed by countries. +The current bubble and crash from the NFT mania. +And again this year from the technology sector collapse. +Countless other things I'm forgetting. + +But a true recession is something Bitcoin has not yet faced. The "smart money" is dumping their risky investments, Cryptocurrency being one of the riskiest assets. Bitcoin is going to be politically and reputationally vulnerable for quite some time. We have no idea what's going to happen or how far down Bitcoin will go. + +That being said, all these things are just another slew of trials and tribulations that will make Bitcoin even more resilient than it is now. + +This is history in the making. +I am interested to hear the best stories that you know about someone becoming Millionaire through Algorithmic Trading. + +I tried to Google it but did not find any interesting data. + +For example as we all can tell stories about famous and succesful people who founded companies etc & become popular. + +Would really like to hear stories about AlgoTraders becoming sucessful (rich) via trading. + +Thanks! +And where/how to get it :) + +Me: CNN fear and greed index (there is also other data that compose it) + +Where: https://edition.cnn.com/markets/fear-and-greed + +How: through its API hidden in it's website. +I initially thought indicators like RSI or MACD could be utilized as parameters/ conditions for an algo bot. But I was talking to someone who’s made a bot already and they said the indicators usually aren’t reliable and are used to “predict” and predicting the market isn’t reliable for trading because it’s not guaranteed. + +Instead he uses more momentum based things which makes sense as well. + +What’s others opinions on the matter? Is there any particular theme that an algo trader should keep in mind when building a “successful” bot? +I'm looking to learn about algo trading and possibly, high frequency trading for a thesis project. I decided to pursue a practical application and was hoping to get assistance regarding a logical crash course/study plan to learn about these two topics. I'm trying to gain a complete understanding of the basics of algorithmic trading such as how trades are executed and flow of a trade etc. I've been sort of overwhelmed by the amount of information and wasn't sure exactly where to begin. + +1. After reading Ernest Chans Quantitative trading, Algorithmic trading, and Inside the Black Box, would I have a solid understanding of the workings of all the basic aspects of algorithmic trading? Any additional "mandatory" readings? + +2. Do I need to read additional information about math/statistics pertaining to finance or can I just read these above three books? + +3. For understanding high frequency trading are there any more good resources other than Flash Boys? + +Any help is appreciated. +So, I got a very surprising email yesterday that a payday loan company I used a while back has gone out of business and my debt was forgiven as a result! I am extremely relieved right now and almost can't believe it. Has this happened to anyone else?? + +https://preview.redd.it/wc98ldcw0n261.jpg?width=1400&format=pjpg&auto=webp&s=63e497c2e5d3e21a36af9e532efa687ab9e03c99 +I think this is my first post here. Long time lurker, but a shame it had be this kind of post. + +Welp, that's it folks. All the BTC I had to to my name has been stolen on 11/13. + +After checking my wallet a couple of days ago, I noticed an unfamiliar transaction that sent my remaining Bitcoins to some address on 11/13. + +Not sure if it's a good idea to post the transaction ID, but I suppose I could if it sheds light on anything. + +After I saw this, a rush of emotions came over me - despair, hopelessness, I had a pit in my stomach that was so dense, I nearly wanted to throw up. I could barely eat or sleep the day after. Even though it's been a few days now, those feelings are still very strong and I feel they probably will be for a long time. I keep waking up and checking the wallet hoping it's some sort of mistake, but it's real unfortunately. + +It took a while for me to process through the situation just enough to put some thoughts together for this post, but I guess the point of this post is two fold: + +1. It's a bit cathartic for me to be able to get some thoughts out +2. I hope that other people learn from my mistake - coin holders need to take security seriously. Be patient, learn about security of your coins, and enact what you learn. Be diligent. Convenience is an enemy of security. + +The coins I had were originally mined back some time in 2013 if I remember correctly. + +I really had no idea what I was doing at the time, but a friend turned me on to mining and I figured why not, may as well put my GPUs to use for something else while I wasn't gaming. When he first told me about mining, I thought hmm - I bet all this computing power is going to something like helping the government crack into things, but after some light reading on Bitcoin - it stood out to me as something special, so I decided to do some research, joined a pool and started mining some coins not long after. + +Over the years, I sort of forgot about them and they stayed within my Bitcoin core wallet what I had used originally when mining, but three to four years ago my interest in the technology renewed and I really started reading more into the details of the technology and talking about it with coworkers. + +However, after some time I noticed that the Bitcoin core client was becoming quite cumbersome having to store all of the blockchain data and I had moved on to laptops with less storage available than my old desktop and so I started looking at some of the more modern wallets and landed on Electrum. + +I started using Electrum and it seemed to do the job well for what a wallets was designed for. I guess it's my mistake for not keeping up with the real (security related) news surrounding Bitcoin and wallets and various hacks and scams. My memory is a bit fuzzy, but I'm pretty sure I fell victim to a phishing attack vector within the Electrum wallet and possibly was led to download an update from a location other than the main site (github releases section seems to be faintly a thing that I remember). It was either this, or maybe my system was compromised some other way - either way it's a painful lesson in how not keep your coins secure. I really should have just put my coins into cold/offline storage. + +It's a real shame, I was really proud of owning these coins having mined them originally myself and I was hoping one day that I could split them between my two sons when they were old enough to understand and appreciate the technology in 18-20 years and who knows how widespread the technology and understanding will be by then. I feel like I failed them. + +I'm not really sure where to go from here, still trying to work through that. I've definitely been reading up more on security and how to make sure that something like this doesn't happen again should I find my way back into crypto. I wish I would have taken security more seriously up front, it ended up being a very costly mistake not doing so. + +I don't have nearly the disposable income to get back what I have lost. At the current price, it'd take years upon years, and it's highly unlikely that the price will retreat significantly. However, I truly still do believe in the technology, I just find it a bit sad that the main way to participate now is to convert USD to BTC - I wish mining was still a thing for the average person. + +Stay diligent and vigilant people, don't become lax like me. Read up on methodologies and practices for keeping your coins secure. Be patient and take the time to make sure things are done right. + +If this post helps even one person to take their coins more seriously and read up on better security, then I suppose it would be worth it getting these thoughts out. I wouldn't wish the feelings that I've experienced over the past couple of days on anyone, they are truly feelings of despair and regret. + +&#x200B; + +EDIT 1 (12/7): Posting the TxID seems to be a popular request. Here it is: + +b54a451c19e0a5e69c9c9bc0073d2499118bf574da254937ee698996f58181fb + +I tried following it myself, but I'm not a blockchain expert, but from what I'm seeing they redistributed the funds through many other wallets which I guess is a common tactic to reduce chance of being tracked. + +Note that when I got back into the technology 3-4 years ago and talking about it with coworkers, I was made aware of other chain forks and did claim some BCH, BitcoinGold, Clams, and BSV - I followed guides for moving the funds to new wallets after having to give up my private keys. It should only be a couple of hops (4-5?) to see that these were mined back in 2013 or so. All in all, I had mined around 4 total, but traded some away when I got back into it 3-4 years ago around the time altcoins started gaining popularity. + +&#x200B; + +EDIT 2 (12/7): Thanks all for the responses. I enjoy reading them all, even the critical ones (as those are the ones that help you grow). I posted this right before I went to sleep last night which is why I was slow to respond to comments and post the TxID. + +First, I'm not looking for pity here - I realize the mistakes I made are purely my own. First - I should have done my due diligence and researched hardware wallets more seriously. I've always been leery and untrustful of USB devices which is why I irrationally dismissed hardware wallets previously. Painful lesson, but you bet I'll be investing in one of these now for any future crypto holdings. + +I also made a grave mistake of keeping my wallet on a machine that I used daily for other activities, these are the kind of things that should not be taken lightly and if there's anyone else out there doing this now - stop - read up on better security methodologies like hardware wallets or at the VERY LEAST setting up a separate system/environment purely for your wallet. +My small company is looking to hire someone for my exact role. I think I'm getting fired. My boss always looks unhappy to see me and looks uneasy whenever i work on a project. I feel like I'm underperforming but then again I've only worked here 4 months and there are so many parts of this job that I wasn't trained for. + +I'm starting to look for other jobs now. But I might just be overthinking things. +What are some usual signs you're about to get fired? +Hello, I turn 26 next month which means no more parents Health Insurance. + +My work does not provide Insurance for me at the moment, I reside in Washington State. I currently have a clean bill of health and no prior issues. + +I have been looking into Aetna and am thinking about just paying the monthly cost out of pocket. + +Looking for some tips or suggestions to save the most amount of money possible. +Thanks in advance. +We have 2 kids, 9 and 6. We max out our retirement accounts and we have an emergency fund. We are in our 40s and we want to retire by mid 50s (retire from our current careers to pursue our passions that may make some +Income.) We have saved over 20k for each kid in college accounts. How much should we be saving for college these days? It’s so hard to know because the whole structure of higher Ed. Seems to be changing. What if they will want to go to school online (or in Canada) ? We believe state schools are a good option for BAs, but if they get into really good schools we want them to be able to go. We want our kids debt free when they graduate, but we also don’t want to work until our mid 70s. Should we be putting money in college accounts monthly? Is there a formula for this? +A quick summary: + +My family has used the same financial advisor for decades. He is a trusted family friend. When I started investing many years ago I used him for this reason. A year ago he retired and sold his partnership to his "protege" that he had been grooming to take over for the past 6-7 years. We haven't been all that impressed with him since he took over and a few weeks ago it got bad enough that myself and two close family members decided to start looking at other options. My other family members have had trouble getting information regarding their accounts from him. When one asked for a cost basis for all of their investments we know that he told his employee not to give it to them because "they are leaving and I don't want you spending any time on their account". He also told one of them that if they moved they would have to make a huge six figure tax payment on unrealized gains. + +Several days ago I emailed him asking for my cost basis and a break down of all fees I have paid to him/his firm over the past few years. He called me soon after asking why I wanted that info and trying to convince me not to leave. He also told me that I would have a huge tax payment on unrealized gains if I left. I knew this wasn't true so I pressed him and after asking several times realized that he was saying whatever firm I went to would not take/not be able to take the investments I currently have and THEY would require me to sell in order to invest me in their approved funds. After talking to him for a little longer he agreed to send me what I had asked for the next business day and we would talk later. Instead, he sent me an email later that evening stating that effective immediately he was resigning as my advisor and giving me a number to Avantax to call regarding my investments. No other information. I called Avantax last night but it was after business hours and they are having someone in management call me today to go over my concerns. + +&#x200B; + +A few questions I have: + +* Does him saying that we would have to pay huge tax bills if we left something that would warrant a FINRA complaint being filed? +* When he bought out my old financial advisor and took over our account, I wasn't made aware it had happened until months later. Is that something that he had a legal obligation to disclose before/when it happened? +* He is affiliated with 1st Global which was recently merged with another company and rebranded as Avantax. This was also something I was not made aware of until after it happened. Was that something that he would be required to notify me of? + +Thanks for the help. I can give any additional info that may be needed. +So I’ve been stacking for a couple years now, pretty much only buying through Coinbase. With the recent attempts of regulation in both the US and Canada, I want my crypto to be truly anonymous. How should I go about moving my Bitcoin from my current wallet to a non-kyc exchange so that I can “wash” it? Should I transfer to USDC first? I know if I cash it out and re-enter, that will probably trigger the IRS and that’s the last thing I want. Any and all advice is welcome. +https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan + +“JPMorgan analyst Ryan Brinkman has told clients not to increase their holdings in Tesla to approximate its weight in the S&P 500 ahead of its inclusion to the benchmark on December 21. + +The assessment from JPMorgan analyst Ryan Brinkman reflects some of the concern on Wall Street for the pace of Tesla's meteoric rise this year, which has added more than 660% to the group's share price and more than half a trillion dollars to the company's market value. Its net income for the third quarter of this year was $337 million. + +Brinkman says Tesla shares are "in our view and by virtually every conventional metric not only overvalued, but dramatically so", citing a stock price that trades at 1,325 times its long-term PE multiple and 291 times its 2020 estimate.” +Hey guys! I want to talk about Fox Finance! 🦊 + +**What is it?** + +It is one of those auto-staking tokens on the Binance Smart Chain, which grants rewards for all its holders. (1,000,000,000,000,000 supply with 1 trillion tokens burned every day, 6% redistribution rate and 6% goes to liquidity in every transaction.) + +However, it is not aiming to be one of those hyper moonshots, where the only focus are quick gains and it has the standard of beeing more that a meme/shitcoin. + +**So?** + +Actually, Fox Finance wants to spread some awareness for flora and fauna in the Crypto space. There are Fox in Actions calls on Twitter, where we show that we care about our environment, a Fox has been adopted so far and they promote several opportunities to help animals. + +Eventually there are plans to strive for much larger project and also to integrate contemporary things like NFTs and more – remember this thing is not even two weeks old yet. + +**SAFU?** + +Liquidity is locked: [https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +It is also about 10x down from its initial spike and the owner did not take advantage while being on ATH. Moreover, in about a week Fox Finance will be a legal entity and he does not feel like going to jail. + +**10x DOWN? 🙀** + +Yes, the usual sell off of early investors is inevitable and did hit quite hard and on the way down paper hands lost their cool and ran off, while also some of them beeing toxic in Telegram. + +Unfortunately, listings on CMC and CoinGecko also didn’t happen yet, which made some people even more nervous. + +One thing that also keeps the price down right now, is the fact, that there is a token called YFox Finance. This token is pretty much dead, and I am 99.5% positive that some people buy it by mistake, as you can see on the spikes after the marketing campaigns from FOX: + +[https://imgur.com/a/mMIbnPk](https://imgur.com/a/mMIbnPk) + +I think that’s it for now. If you don’t looking for a 100x moon, but something with potential for a rather organic rise, pop some bucks in and join the Telegram – it’s super fun. + +Plus remember that we might take off anyway after CMC and Gecko listing. Tokens on the highest gainer list draw a lot of attention, and we can easily make some Xs from here. + +Maketcap is about 2M. right now! + +Happy eastern! + +Website: [https://foxfinance.io/](https://foxfinance.io/) + +Telegram: [t.me/foxfinancebsc](https://t.me/foxfinancebsc) + +Twitter: [twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) + +bscscan: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +How to Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) +Paid to hold out hope for my tsla 550 puts this week!!! +Went from almost $75 in value fo almost $2k today. +Sold one around 600, one at 1100, and one around 1600. The last one I foolishly thought we'd see one more leg down to 525 and it ran otm and got away from me. +Lessons learned: I was patient, and got lucky. +I was also too greedy with the last option and missed out on at least a grand. +I was proud of my decision to pay for the trade and eliminate risk by selling my first 550 put in the 560 range, instead of getting too greedy and waiting for a drop that maybe doesn't come. It let me sit back and be a little more patient with the other contracts (too patient with 1). +All in all, I liked my put, it profited,though not perfect execution. So many times I miss that golden window to sell and not get too greedy. +Thoughts or feedback would be great from others. +***CERTAIN THREAD/SUBREDDIT + +I'm sorry I tried searching, but it it didn't yield quite what I looking for. I saw a lot of commentary saying that income range is too little to really start FI. But if anyone can recommend a helpful post on the topic, it'd much appreciated. + +Info on me: + +$54k/year + +Mid-30's years old, single female + +Industry: PR + +Major US city + +Rent: $1050/month + +Monthly CC bill: $1,000 + +Savings: $45k + +Zero Debt +He signed for the loan in 2005. I am listed as the student, but the Promissory note the lender sent me in the mail this week lists no co-signer; just my grandfather as the signer. + +The original loan was through Key Bank Campus Door Loan Program. It's now serviced by AES. Their website seems to indicate that the loan can be discharged if the borrower is deceased. His estate was settled years ago. I've reached out to the lender, but I think the correct course of action is to submit the death certificate, have the loan discharged, and then be done? + +Does that sound about right? +I have been holding for some time now and I have noticed that with each dip, crash, correction, or whatever you want to call it, I become more uncaring. Like with everything in life, crypto is not always rainbows and sunshine as it may seem. During times like these, you gotta remember all the talk about crypto volatility - it is mentioned and warned for a reason. + +A year ago, Bitcoin was around 20k, which is more than a 140% increase right now. Not to mention all those crazy altcoin gains in the thousands of percent. While I can't blame newcomers for feeling the panic, these gains are astronomical elsewhere when investing, but greed gets to all of us. + +I just want to remind everyone reading this that the addiction of watching the charts too much or simply just caring about the market each day is unhealthy. When your favourite coins are bleeding and it seems to be the end of the world, it might be a good idea to find a new hobby or activity to occupy your mind. Literally, no one will remember this "dip" in a year or two. Do your own research, DCA in solid projects you believe in, and call your mom. As the black knight once said: "'Tis but a scratch". +To the GME Gang, Palantards, BB-Tards, colleagues and other distinguished degenerates: + +We all know the story of $GME and the very real possibility of a substantial short squeeze, the likes of which we have never seen before. Predictably, retail investors, with a laser focus on /r/WSB, are taking the blame. CNBC can’t stop talking about how /r/WSB is “causing” the short squeeze, trying to characterize a community of random, anonymous, degenerate primates with a legally cognizable entity that can be regulated. The narrative so far has been that the short squeeze in $GME will cause market-wide sell offs, as we saw this morning when the stock price hit $150. (They want you to ignore that the market recovered and $GME went from red to up ~20% into close without negative impact to the market at large.) + +The facts here are clear. Shorting GME has been free money for awhile now, but the shorts got greedy and got caught with their pants down. It is unquestionable that if someone is to “blame” for the short squeeze, should it occur, the blame is solely on the shorts for putting themselves in such an incredibly risky position—after all, don’t they say to “invest at your own risk”? Also, no one here in WSB is rich enough to be buying $GME at $100 per share in the thousands. The other hedge funds smell blood in the water and are eliminating their competition. + +It is also clear that the shorts are bleeding. (https://www.reddit.com/r/wallstreetbets/comments/l4wh03/we_fucking_did_it_bois/) + +They are going to get desperate. It seems likely that they will infiltrate our freedom of speech haven in order to spread misinformation about $GME. + +First, in the beginning I was concerned about the risk of the company doing an offering and diluting ownership. However, as I looked into it more, I discovered that even if $GME does an offering, it would be limited to $100M, which is miniscule in relation to GME’s fair market cap. (See, e.g., https://old.reddit.com/r/wallstreetbets/comments/l4coy2/how_likely_is_a_gme_offering/). In other words, if you see headlines or posts talking about a GME offering, they can be ignored as inconsequential. +Second, if you did your research, you will find a bullish PT of $169 as set by GMEDD.com et al. (see https://www.gmedd.com/wp-content/uploads/2021/01/GMEdd-GameStopValuation-20Jan21.pdf) However, you need to bear in mind that the same report set a base PT of $80, which is where we are right about now. The shorts aren’t donkey brained, so they will send their peons to infiltrate /r/WSB to try convince people that the “big dogs” in the GME short play are getting out at this price target and that you will end up being the bag holder. **THIS IS ALL BULLSHIT THAT SHOULD BE IGNORED** Although I respect the team at gmedd, we all know that a conservative bullish price target is $420.69, and no one with half a brain should consider selling any sooner. + +*Ignore those who try to destroy each other from within. Make sure to report any suspicious activity.* + +Very truly yours, +/u/shepherd_eyes [position 100 shares at 34.6; Feb19/50C] + +**TL;DR: /r/WSB DID NOT CREATE THE SHORT SQUEEZE. THE SHORT SQUEEZE WOULD NOT BE POSSIBLE IF THE SHORTS DIDN’T GET THEMSELVES IN THIS POSITION. *gentle reminder to invest at your own risk and to do your own due diligence.* THE NEXT STEP FOR THE DESPERATE SHORTS IS TO TURN US AGAINST ONE ANOTHER. WE MAY BE AUTISTIC, BUT WE ARE NOT STUPID. THE ONLY PEOPLE WHO STAND TO BENEFIT FROM A WSB INSURRECTION ARE THE SHORTS WHO GOT CAUGHT WITH THEIR PANTS DOWN. GME** 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +**[obligatory disclaimer: to all the boomers and other rertads, this is not investment or financial advice.]** + + +EDIT: /u/Bitchfighter - GME 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +weekly - WHATS NEXT TO MOON POSTS + +how it works: + +1. Check to see if your ticker has been commented. +2. If it has been commented then upvote and reply with rockets and support. +3. If your ticker has not been commented then be the first to comment your ticker. +4. If you have a question or want to have a conversation, do so on the reply section of the original comment.! + +Do not: + +1. Comment a ticker that’s already been posted +2. Ask questions about a ticker in the comments. Keep it in the reply’s of the original ticker. +3. Do not comment more than one ticker. + +Lets all be on the same page as for what the biggest hype is. We all want the next GNUS. + +Goodluck to all 🚀🚀🚀🚀🚀 + +Top 3 Upvoted Tickers: + +1. SOLO 🚀 +2. SHIP 🚀 +3. XSPA 🚀 +4. NBRV +5. BIOC + +Keep it up guys we’re getting a pretty good picture already! + +MODERATOR: CAN WE MAKE THIS A MEGATHREAD or GET IT PINNED? +&#x200B; + +Today market is closed, so boring day. So read last 10-k statement, in my opinion ZOOM is pure trash company with losses, lots of competitors and nothing really new to come, and you what do you think?? + +Edit: wow guys when i see amount on comment on this solid DD i note ZM is very hyped, so before post i was really sceptik about them but now as i see irrational market, J Pow policy and stonk only goes up i see it to 200 in couple of week... +Still no pos in ZM but think to short in few months.. +Tomorrow let’s talk about ZOOM 10-k ? +Well, here it is folks. The new report says we just added over 3 million claims for a total over 3.2 million. That's the highest ever recorded by far according to the report, over 4 times higher than the previous record of 695,000 in 1982. + +[https://www.dol.gov/ui/data.pdf](https://www.dol.gov/ui/data.pdf) + +How do you think the market will react today? +There's a FUD post on WSB telling people the ceiling is 2k because "technical analysis" (lol). + +They try to compare this squeeze with others like VW and Tesla, so, 2k would be the higher short squeeze in history and we should be grateful at 2k... yeah, ok. + +This FUD strat. tells us a few things: + +&#x200B; + +*1 - When they want to spread FUD, they gave the post lots of awards to get attention.* + +\*So we should be very careful with posts with awards from now on, it doesn't mean it's quality content. + +*2 - They know the MOASS is gonna start "soon", that's why they're talking already about floors and ceilings.* + +*3 - They are spreading the 2k as ceiling to avoid damage and pay as minimum as possible.* + +\*Probably they have some data pointing out, for whatever reasons, the first dip is gonna be around that mark. **DON'T PANICK WHEN THERE'S A HUGE DIP IN THE FIRST THOUSANDS.** + +&#x200B; + +They think they can control us by writing this FUD posts, but they are giving us tips on what their strategy is. Thanks Kenny, i already expect that dip. Hope to see the next FUD post for more info. +We are looking at buying with a deposit of less than 10% so will be racked with LMI , the LMI is roughly equivalent to what we pay yearly in rent. We would then throw the rent and savings money at the mortgage for the first few years to bring down the loan quicker etc. +Mortgage broker insists this is a terrible idea and we should wait the year to save the capital to avoid LMI. + +Personally we are tired of rent inspections, and the house we are in now will need to be vacated when owners move back at the end of the year. + +Could anyone please explain how LMI would be so bad financially + +Thanks all +Thanks to Optus doing the online equivalent of leaving a classified briefcase on a public fountain, there's now 11M more people who are at risk/victims of identity theft. If you're one of those, welcome to the club. The drinks suck and the music is run by a DJ with more confidence than talent. + +Allegory aside, I'm glad that people in other threads have highlighted the different ways of preventing the ID theft from biting your pocket line for a while. + +But I thought that I'd ask about how to repair damage that's already done. My ID was skimmed while I was in hospital in 2019, and I was left with no real direction to stop anything. The cops were alerted, but sat on it, even after my checking around found an empty bank account in my name had been opened. + +Since then, my credit rating's gone to pot. I wouldn't loan myself money, and this affects all sorts of financial interactions. What can I do to repair the damage? I initially started contacting people to advise them that it probably wasn't me borrowing money from an IP address in California, but even armed with police report numbers most companies didn't want to know anything more than just where to send the bill. +I moved up to Brisbane for a job in late June last year, starting on 65k (grad) and within a 2 months of starting I was head-hunted. I declined the offer outright, as I didn't want to change jobs so soon, and my current company paid for my hotel quarantine to move up here. Since working there I have received two pay raises and am now on 80k, my last raise was in July. The head-hunting company reached out to me again, and offered me 100k to start in Feb. I love my current job, and enjoy the work I do, the new job is less interesting and possibly slightly more stressful, I would prefer to stay at my current job, but the new money is also a big raise. The current offer removed I don't think I would be on that kind of money for another 2 years. Is it a bad idea to tell my company about the offer, and ask them to match it? +Long time follower and first time poster here in AusFinance. Here’s a little background information about myself. + +I’m 27, currently been in a Business Development Executive role for 3 years on a pretty average salary of around $73k including super + between 10-20% bonus paid annually. I completed 2 years of Law at uni and decided it wasn’t for me and there is no career progression in the company I am at now and isn’t really what I say Business Development as others would understand. More a telesales person who doesn’t actually sell anything and gives little engagement and no sense of accomplishment. + +I love computers, have been learning little bits of coding using Visual Studio Code and playing around with React. I would love to make a change in my career and get into IT/software engineering but not sure where to start. Am after suggestions on courses I could take that will allow me to land a job in that field. Is a bachelor degree required? Would prefer not to go back to uni. TAFE? I just found Academy X that offers a 10 month Software Engineering part time over 10 months. + +Hopefully this is the right place to get some advice 🙏🏼 +If you FIRE as a renter, and then later on in life decide that you may want to get a house, what options do you have for mortgage? From everything I've read it looks like almost nobody's going to give you any loans if you don't have actual income. Yet, I don't see this mentioned often or at all in this sub. Do people here know something about this situation? +Recently, my spouse was offered a job in a new state. The salary bump was sufficiently big that we decided to make the change. The company offered relo services, so we packed up our 3000 sqft house and put everything we owned into storage with the exception of the contents of four suitcases. + +We were moved into a one bedroom apartment and have spent the last four months living here with an extremely reduced set of belongings. It's been an interesting experiment in minimalism and frugality for us -- sort of moving backwards on the path of lifestyle inflation -- and I thought that I might share some of our findings from this period in our lives and how we plan on modifying our lifestyle moving forward. + +* Living in a one bedroom apartment doesn't feel that different from living in a four bedroom house. To be fair, the complex's amenities (gym, pool) somewhat make up for the smaller size. But at the end of the day, more space doesn't make you feel any better. + +* We didn't miss 98% of our stuff. We are going to be reunited with all of our stuff next week, and honestly, it feels burdensome. I am probably going to sell most of it. I feel like I have no use for it anymore. + +* The primary thing that I desperately missed was my kitchen things. Cooking is key for us both as a hobby and to help live a healthy lifestyle. The kitchen in our temporary living space was ill-equipped. The pans have been used twice and are already flaking. The spatulas provided melted on their first use. The can opener broke in week two. The oven smells really weird and the ancient dishwasher doesn't adequately clean dishes. As a result, we pretty much stopped cooking and started doing a lot of pre-made meals and take-out which skyrocketed our budget AND our waistlines. I am more excited than anything to be reunited with my cast iron pan and industrial-sized crock pot. + +* Our temporary housing did not have cable, so we experimented with cord cutting. We've been using Vue + Netflix + HBO GO. I don't miss cable one bit and we aren't going to install it in our permanent housing. By my calculations, this is going to save us around $1400/year. + +* Mattresses matter. After months of sleeping on an old, lumpy spring mattress, I can't tell you how excited I am to go back to my Tempurpedic. + +* Minimalism in clothes has been a revelation for me. I have BOXES of clothes in storage that I'm probably just going to donate because having only about 50 items in my closet has made dressing so much more freeing. I find joy in mixing and matching. I'm not overwhelmed by choice. I adore and delight in every item in the closet so I'm always happy with what I'm wearing. I'm never going back to closet bloat again. +* Not having yardwork to do was somewhat freeing, but I did find that I missed gardening. Our new place has a significantly smaller yard with minimal upkeep and we're going to add some boxes to continue this hobby. + +I guess I'm surprised at how easily we adapted to a significantly smaller life footprint. The place that we've purchased is significantly smaller and cheaper than our old home which has pushed our RE plans up about four years. And I'm not sure we would have been willing to do that without having had this experience and knowing we would be perfectly content with less. +NSFW for language only. Sorry if you wanted tits, cock, or balls. Maybe another time. OG ape here. Been investing/trading stocks, options, krypto, and the sorts for at least 6 years now so by no means an old head but I think I probably have some experience on a decent amount of the new guys that this whole ordeal has introduced to the markets. + +&#x200B; + +I wanted to hop in and say I don't give a fucking shit. FUD all you want. Say whatever you want. I don't fucking care anymore. Am I going to buy more whenever I can? Absolutely. Am I going to hold all of these shares til we're all rich as fuck? No shit. + +&#x200B; + +The company is turning around and it's going to be incredible. It already is unless you're some dumb fuck that is either ignoring the fucking info, being paid to pretend to be pissed, or paper handed like a portnoy bitch who is actually pissed off. + +&#x200B; + +You want to DRS your shares? Do it. Don't want to DRS your shares? Ok then. DRS might ignite MOASS and it might not but it feels like people are missing the point here. If the entire company is DRS'd, it publicly shows what all the DD has been saying. That should launch us but we've seen the fuckery and who knows what billions or trillions can do for the people who are poised to be erased of the face of the earth. Fuck em all. It's going to be great to watch them burn. + +&#x200B; + +But my point is that who fucking cares. I'm in this to win it which is weird since everyone with half a brain cell knows we already did. This is inevitable which is why I don't care anymore. I hardly watch the ticker cause it doesn't matter until it does. + +&#x200B; + +I'm sure a lot of you are in tough spots and I'm excited for your lives to change. I'm doing ok and I'm still excited for mine to change but for the moment, I don't fucking care. Look for the good DD. Read back through the OG stuff. Learn what you can while you're here but keep the bullshit as far away as possible. It's meant to scare you and there is no reason to be scared. + +&#x200B; + +Everything is going to be fine so take a step back and make sure you do what you need to for yourself, your family, and your friends to be healthy, happy, and safe until this plays out like we all know it will. + +Much love. + +\--Cryonyx +**Geometric Mean** \- A number, which we can use to estimate the price per share as people jump off at different points on the way up, which is expected, everyone has a different price point, just as different sell points are expressed. + +Some people are going to sell on the way up (not a lot) and most are going to sell on the way down, only a few will sell on the peak price. + +&#x200B; + +[Floor is 10 mil](https://preview.redd.it/wnbuhxfmbcu61.png?width=1459&format=png&auto=webp&s=df934f9f67362b372f1fcd556d5a97914ee99733) + +So to visualize how much it would cost, based on a conservative short interest of 150% it would force Hedgies to cover 75 Million shares. The numbers indicate the peak price. + +10k per share price total payout would be $106,050,000,000 @ 1414 per share + +42k per share price total payout would be $217,350,000,000 @ 2898 per share + +69k per share price total payout would be $278,550,000,000 @ 3714 per share + +100k per share price total payout would be $335,400,000,000 @ 4472 per share + +1m per share price total payout would be $1,060,650,000,000 @ 14142 per share + +2m per share price total payout would be $1,500,000,000,000 @ 20000 per share + +20m per share price total payout would be $4,743,375,000,000 **@ 63245 per share** + +&#x200B; + +So don't settle for rookie numbers. We can absolutely aim for the stars here, since this is a ONCE in a millenium opportunity. We would by no mean bleed the world dry, it will just be a redistribution of wealth. And remember; this is based on a SI of 150%. It is most likely way higher. + +TLDR: Fasten your seatbelts, because when the squeeze starts, we are going to fucking Alpha Centauri.🚀 + +For better explanation of the geometric mean, read this: [https://corporatefinanceinstitute.com/resources/knowledge/other/what-is-geometric-mean/#:\~:text=What%20is%20Geometric%20Mean%3F,investment%20or%20an%20investment%20portfolio](https://corporatefinanceinstitute.com/resources/knowledge/other/what-is-geometric-mean/#:~:text=What%20is%20Geometric%20Mean%3F,investment%20or%20an%20investment%20portfolio) + +EDIT: Credit goes to [u/Raught19](https://www.reddit.com/user/Raught19/) ! Spread the word + +&#x200B; +(Someone who never did more than a single economics class here) + +Leaving aside the arguments about whether such bailouts should exist in the first place: + +In the context of talks of bailouts (and the same logic seems to crop up when talking about taxes and tax cuts), the focus is primarily on providing aid to those who are already wealthy and powerful with support for those who most need it being seen as a side effect of that assistance. + +The argument always seems to go as follows: + +* Economy is in recession, times are bad +* As a result, people aren't buying <PRODUCT> that <COMPANY> produces +* If we give loans to <COMPANY> the people who make <PRODUCT> won't lose their jobs + +But the obvious problem is that it's not helping the original issue, that demand for the products being made is down and so the companies involved will often react by cutting salaries or staff, undermining the justification for the bailouts to begin with. + +How come (at least in the US) it's never been: + +* Economy is in recession, times are bad +* As a result, people aren't buying <PRODUCT>, which negatively effects every business that makes those products +* If we give loans to the people, so that they can continue to buy <PRODUCT> the people at <COMPANY> won't lose their jobs, unless the recession was never the cause of their problems to begin with. + +You accomplish the exact same desired result, only by stimulating demand instead of supply. + +Is it simply that it's more complicated or less efficient to manage from a government perspective? Or are there economic studies that suggest it's a worse approach? +I read some stuff about automation in the faq, and it honestly seemed pretty uninformed. It started off by referencing the Humans Need Not Apply video by CGP Grey, which revolved entirely around why automation will be different this time around. It then goes on to point out how automation hasn’t destroyed jobs without creating others in the past, which seems to miss the entire point of the video. What is it about automation that makes economists especially qualified to talk about it? Automation doesn’t seem like something that an understanding of economics necessarily gives a much greater understanding of. +There is a big fear of inflation that lead to mass sell off in stock market the past couple of weeks. + +If inflation is what investors are afraid of, why sell and hoard the money if more money is in circulation? +This may be coming a bit out of left field, but I saw this old conversation elsewhere on reddit. The commenters were riffing on it being a silly idea, saying things like "oh, you can't have a food market without starving people" and "you can't have a clothing market without naked people." The core point was that these goods degrade over time, so even if everyone's needs are met for now, they will eventually need replacements in the future. The second core point was that people buy clothing even when they have other clothing to wear. Same with food and shelter. + +So, sure, good points. However, I feel like they're missing something. Let's say there are no homeless people, as in everyone who wants to own a home does so. It seems like the only way this continues in a stable way is if everyone is always able to afford a replacement (for homes that burn down) or new home (for first-time buyers). I can only see this happening in two ways: + +1. Buyers always have enough money to afford the house at a non-zero price +2. Homes are always available for free + +Option 1 doesn't seem sustainable. Even if it were true now, surely house sellers would increase prices until some buyers drop out, leaving those buyers unable to afford a home for whatever reason. + +Option 2 likewise doesn't seem sustainable without governmental subsidies, since otherwise there'd be no incentive for house builders to build houses. They'd make no money doing so. With subsidies, it starts to get muddled in terms of how much of a "market" there really is for housing. + +I'm very clearly not an economist, but does this seem like sound reasoning? If not, what's wrong with it? If so, does that mean an X market really does require some people to be deprived of X? +I'm a designer trying to create a fictional story about a corporate takeover of the US government and ATTEMPTING to make it realistic within reason. As a bonus question if anyone wants to look over my project and tell me if I'm even a little bit on point I would be forever in your debt. I am not an economist and I read everything at least 6 times. + +The first 3 chapters are here: [http://www.thehandunseen.com](http://www.thehandunseen.com) +By monopoly I mean **mono**poly, a sector with service provided by one single agent, not a sector with a big agent and many small competitors. + +We do have examples of monopolies made through government intervention (e.g. state-owned mail companies with intitutional monopoly granted by law). But are there examples of monopolies that happened without government intervention? + +Side question: I once heard about a "relative" competition, there is a name to this concept but I can't remember it. It's like, even if Coca-Cola was the only one company selling soda, they would still face competition from juice-sellers that would compete for a market share with them, and it was historically linked with the fall of the train companies, they were giants in the XIX century, but they faced competition of cars and airplanes and couldn't maintain the same size. I can't remember the name of this concept and I would appreciate if someone knew it +I live in Sofia, Bulgaria. Lately, I realise that some industries run insanely high profit margins. For example, people in construction tell me that the average cost for a decent quality building is 300€/sq. m. The average sale price per sq. m. is around 1000€ currently. Although, there might be other costs involved, a construction developer can easily make over 100% profit. Workers have literally no bargaining power and cannot bargain for a higher cut from the profit margin. The high demand for housing is simply increasing the margins constantly while the developers do not even have the incentive to build high quality buildings. The sector is heavily regulated although comparing with other countries it seems deregulated in many aspects. Do you think there is a market mechanism that will reduce margins naturally or will this just keep going until the next housing bust? Thanks! +Hi! I am looking at the [GDP per capita of Argentina](https://www.google.com/search?q=gdp+per+capita+argentina&oq=gdp+&aqs=chrome.0.69i59j69i57j69i60j69i59j69i61j0l2.1447j0j7&sourceid=chrome&ie=UTF-8) and [comparing it with its Index of Economic Freedom](https://www.heritage.org/index/visualize?cnts=argentina&type=8) (IEF). + +&#x200B; + +I learned in this subreddit that economic freedom is preferable to its alternative (economic protectionism), so I was expecting to see a direct correlation between GDP per capita and IEF: they should increase and decrease at roughly the same time. + +Without taking into account the years 2001 and 2002 (years of a huge recession), I would have expected Argentina: + +\- To reduce its GDP per capita during the period of 1995-2000, given that their IEF decreased. + +\- To reduce its GDP per capita during the period of 2003-2015, given that their IEF decreased. + +\- To increase its GDP per capita during the period of 2016-2019, given that their IEF increased. + +&#x200B; + +What am I missing? What is your analysis? +"free trade" is not a satisfactory answer im afraid, as i would still take decades to even slightly catch up. + +theres no other threads besides this + +https://www.reddit.com/r/AskEconomics/comments/6hxa9w/foreign_aid_to_the_3rd_world/ + +how to fix human rights issues in those countries? +What impact is this global slow wage growth having on the economy, and what policies can governments implement in order to manage the impacts of the low wage growth? +Finally, do you think it is likely the rate of wage growth will accelerate within the next few years? +For example, if an economy grows by 50% does that mean it also uses 50% more resources? And if that's the case how is the economy supposed to perpetually grow in a finite system like the earth? +It feels like advertising is not really creating value or increasing productivity. It is a bit of a prisoners dilemma because if one company decided not to invest in it, its sales would plunge. If however all companies stopped advertising their productivity should increase as they save on overhead. +So would banning billboards or something along these lines actually hurt the economy of a country? +One of the primary arguments against capitalist economic systems is that they require a "reserve army of labor": a permanent underclass of unemployed individuals which companies use to depress wages. + +I know this is not a Capitalism v Socialism subreddit, so I wanted to frame this argument in more economic terms. Why is it not desirable for the economy to reduce the unemployment rate to 0%? Here are a few answers I've found online, and why I don't find these answers to be satisfactory: + +**Answer #1:** Frictional unemployment is a sign of a healthy economy because it indicates a fluid labor market. + +**Response #1:** Fair enough, but I could simply rephrase my question to ask about other forms of unemployment. For example, I could simply ask: "Why is it undesirable to lower the non-frictional unemployment rate to 0%?" + +**Answer #2:** Matthew Yglesias explains that some economists believe a 0% (or near 0%) unemployment rate would increase inflation. Companies would raise wages to attract new labor, causing an increase in prices which necessitates for future wage increases, and this process would repeat itself, creating an inflation spiral. ([https://www.vox.com/2014/11/14/7027823/nairu-natural-rate-unemployment](https://www.vox.com/2014/11/14/7027823/nairu-natural-rate-unemployment)) + +**Response #2:** This seems plausible in theory, but is there actual empirical evidence to support this line of reasoning? Have there been historical periods where unemployment has dropped so significantly to cause the kind of inflation that this theory predicts? + +I would appreciate it if anyone could link rigorous studies explaining this subject in more depth. +I was in a discussion over how to handle excess funds in a company with some friends. It's small, we have a decent cash supply in the bank that exceed more than a years expenses. + +One person suggested investing the excess. A couple of people were skeptical of the idea, worried about risking money that isn't theirs. + +The suggestion came to investing in treasury bills. + +One person stated they aren't comfortable investing into the U.S. economy for moral reasons. I think that's silly, but at least they gave it some thought. + +Another person said they aren't even comfortable with that level of risk. I pointed out that we could invest in 4 week T bills and asked "Are you worried that the U.S. won't be a country in a month?" + +They said "Maybe! There could be a government shut down!" + +We elected to push off the discussion because we were already past the time allotted for the meeting so I didn't get a chance to respond to the last comment. + +I know that even during a government shutdown the treasury department still runs and that wouldn't devalue a T bill, but I started thinking: what would actually have to happen for the U.S. to be unable to redeem a T bill? It's not like the government can accidently go bankrupt without congress deciding to. So what would it take? + Most of my friends are libertarians, and they often try to convince me that the austrian school is the only one that works, but recently after going to wikipedia i discovered they are considered to be outside of mainstream economic studies. I asked them why and they come with conspiracy theory-type stuff, saying that universities are banked by central banks and they would never admit austrians are right. So, i would like to hear the opinions of actual economists on the matter. Sorry for any english mistakes. +I'm in a social science master's program taking a econometrics methods class and the word 'sorting' keeps popping up across studies I have to read. I'm struggling to understand what it exactly means. Here's one small excerpt from a study where sorting is mentioned but I'm too dense to understand it: + +> Taken together, our results suggest that the (small) test +> score gains for voucher winners are not achieved at the cost of +> negative outcomes for any other group of students who may have +> been indirectly affected by the voucher program. Of course, our +> results do not imply that peer effects and sorting never matter for +> evaluations of school choice. + +Google just gives me entire papers and nothing that defines sorting, so anything would be helpful +The general logic is that VATs cause an increase in prices because they are a form of sales tax. However, in easy money environments, it seems like running a budget deficit is essentially equivalent to printing money. MMT supporters argue that the main purpose of taxation should be to reduce inflation. Could the inflationary/deflationary impacts of a VAT differ depending on the time frame and the monetary environment? If a VAT ultimately is inflationary, wouldn't it be sort of counterproductive compared to something like an income tax? +Hi I have an idea that I've wondered about but can't find anything through google-fu and the UK election got me thinking about it. + +Economically would it be beneficial to give tax cuts to companies who pay higher wages? + +Lets say a company pays £9 per hour instead of the £7.50 minimum wage and because they're doing that the government gives them a tax cut? + +Wouldn't that boost the economy- companies don't lose those bottom line profits, the workers get more money, stimulate the economy and end up paying more tax. (obviously it would depend on the exact balance of the deal that was struck) Has any country/state tried this? + +Or am I being massively short sighted? +i get taxing from income, sales, but why property? i feel like the government is punishing people for not being homeless and having a home. Its like the property tax is more expensive than the house itself. + +also if you get taxed from owning a house, why is there not a tax for owning money itself? and if so would that be a viable solution for billionaires not paying enough taxes? +For the past 5 months, I've been working on a robotics team as a programmer for a competition. I've always thought of robotics in a bright eyed "Wow, this could solve a lot of society's problems!" way, but this particular question has been bugging me. + +What would happen if the vast majority of jobs were taken by computers and robots? To some extent, this is already happening, and seems imminent, but I feel like while it would solve a lot of the world's problems, it would also introduce unemployment as the amount of jobs would be outnumbered by the amount of people who need a source of income. And if nobody has a source of income, nobody is buying either. Like in what way would society try to sustain this? + +If there are any faults in my line of reasoning, please feel free to point them out. I'm not an economist. +The USD is currently worth over 248,000 VBF. Why does this make the currency so bad? Is it just the inconvenience of that many bills for $1? This is something I can’t really wrap my head around so I’m sorry if it’s a dumb question. +Hypothetical: if every country saw a 5% inflation rate, wouldn't that just even out? I understand that inflation rates varies wildly from country to country right now - and that countries whom are doing better have lower inflation - but could it be possible to look at inflationrate instead? Like if everyones down 5%, it wouldn't affect import/export - except for the usual global supply and demand. +I'm not sure if this is the best place to post this, but a public finance paper I'm reading systematically rounds down estimates in their main text from what they have in their tables. For example, $42,690 in their table becomes $42,000 in their main text or 3.37 million becomes 3.3 million. Are these people just bad at rounding or is there something going on here (perhaps an industry practice) that I'm not aware of? +Under the gold standard, I guess we never had much inflation (for good or bad) + +Yes it will take gold off the market. and store it. but would that matter. + +there could be foreign countries, buy up the money and exchange for all the gold. I guess there is way too much loose money around to stop that. + +But would a gold standard currency be good or bad? +I'm just curious as to how this particular "lottery" works because it doesn't seem like the other types of lottery the State offers. I think describing it as a lottery is also misguided. + +I don't even know how the actual lottery works. Is it just the pool of money of all the Californians who buy tickets and then it keeps growing until someone buys the winning ticket? + +The total cash prize for the whole vaccination incentive thing, where does it come from? How does the State decide how to spend it? What will the impact be of giving away 115 million dollars or so to a set number of residents to all of California? If there was no cash incentive, how would the State use that money instead? Am I overthinking this? +So I've seen a lot of recent arguments regarding TPP in the various other subreddits I frequent and I was wondering what the general Economic consensus is about TPP? + +Also is it true that corporations can sue Gov'ts for lost profit? +What's up apes, + +I'm submitting a follow-up to my post from yesterday detailing the "missing BlackRock data" in FINRAs site. A few hours after submitting the initial post, [we learned about the SC-13G/A posted on GameStop's official website](https://gamestop.gcs-web.com/sec-filings). + +Here's the deal. How can an SC-13G/A exist on GameStop's books when FINRA isn't displaying an equal relationship of shares held by BlackRock? If GameStop has the document, then FINRA also has the document. And if they have it, and BlackRock is still missing on the page, what could that possibly mean? + +Here are the only two scenarios in which this is possible: + +1) GameStop is committing fraud and posting false information. + +2) FINRA has the document, and even after acknowledging that BlackRock has roughly 5 million shares they are still net-negative from a lending perspective. + +So which scenario do you believe is the correct one? + +As always, *this is not financial advice* and you should ALWAYS do your own research first. +What's up apes, + +I'm submitting a follow-up to my post from yesterday detailing the "missing BlackRock data" in FINRAs site. A few hours after submitting the initial post, [we learned about the SC-13G/A posted on GameStop's official website](https://gamestop.gcs-web.com/sec-filings). + +Here's the deal. How can an SC-13G/A exist on GameStop's books when FINRA isn't displaying an equal relationship of shares held by BlackRock? If GameStop has the document, then FINRA also has the document. And if they have it, and BlackRock is still missing on the page, what could that possibly mean? + +Here are the only two scenarios in which this is possible: + +1) GameStop is committing fraud and posting false information. + +2) FINRA has the document, and even after acknowledging that BlackRock has roughly 5 million shares they are still net-negative from a lending perspective. + +So which scenario do you believe is the correct one? + +As always, *this is not financial advice* and you should ALWAYS do your own research first. +Wish I could say I didn't contemplate keeping it. Can't say I'll see that much money "in my hands" ever, or in a long ass time. + +[Here's the transactions](http://i.imgur.com/taLZ8vs.png) (went past midnight so it's the next day now), [original tx](https://btc.blockr.io/tx/info/21960d620b53bb2762e59d8ad7fa7e34bb5f79a49b78ace806e1b3855a739d58), [sent back tx](https://btc.blockr.io/tx/info/da2807cba0de5038d768e694c040312d9a40a7c6eb3e050bfe983ef6784bf011). + +I was using a site to get some stuff off Amazon in exchange for btc, and one item ($38 worth) wasn't working in my wish list. So I was going to confirm that I received the item after I received $38 as a refund, but got this instead. + +No real point, just getting it off my chest. Be careful sending money out there, it's too easy to fumble numbers. +\[TLDR\] - Many Americans face uncertain retirement prospects or are unable to achieve their FIRE goal in the U.S. Many will opt to reside outside of the U.S. in retirement and will live happy, comfortable, and fulfilling lives. This migration will create opportunities and problems for lower CoL host countries. + +FIRE is a growing movement that has captivated many Millennials and Gen X-ers. Many of us coped with stress, student loans, the pandemic, and the persistent looming fear of a bubble-bursting recession by dreaming of FIRE. However, our generations' dreams do not necessarily align with reality: + +* Millennial wealth averages 34 - 11% below expected generational wealth (wealth compared to earlier generations at same age) \[1\] +* Existing home prices have increased 17.2% YoY in March 2021 \[2\] +* Millennial student loan debt averaged \~ $35,000 in 2019 \[3\] +* Millennials are now marrying \~ 5 years later than similarly aged cohorts 30 years ago and U.S. birth rates have been declining for 30 years. \[4\] +* Healthcare expenditures are up 31x since the 1970s +* Half of American families in the 56-to-61 age bracket had less than $21,000 in retirement savings in 2016 \[5\] + +As many Americans near retirement, they will need to dramatically increase saving and reduce expenditures to maintain comfortable living standards in retirement. Many, will, by choice or by force, seek residence outside of the U.S. with lower costs of living and lower health care costs. + +Additionally, many Millennials, again by choice or by force, will feel less connected to the U.S. by potentially not marrying, not owning a home, and not having children. They will seek comfortable, fulfilling lives outside of the U.S., and this will create growth opportunities (along with some problems like inflation and gentrification) in lower CoL host countries. + +A few counter arguments can be made: + +* The passing of the Baby Boomers will mark the largest generational wealth transfer in history as they pass on their wealth to their Gen-X and millennial children \[6\] +* The passing of the Boomers will also create more inventory in housing potentially resulting in more affordable housing \[7\] +* Policy changes that support notions of more affordable housing, medical care, and encourage birth can mitigate some of the issues mentioned above + +\[1\] [https://www.stlouisfed.org/household-financial-stability/the-demographics-of-wealth/wealth-impacts-of-great-recession-on-young-families](https://www.stlouisfed.org/household-financial-stability/the-demographics-of-wealth/wealth-impacts-of-great-recession-on-young-families) + +\[2\] [https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march](https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march) + +\[3\] [https://www.experian.com/blogs/ask-experian/research/millennials-and-student-loan-debt-study/](https://www.experian.com/blogs/ask-experian/research/millennials-and-student-loan-debt-study/) + +\[4\] [https://www.businessinsider.com/birth-rate-decline-pandemic-millennials-change-reshaped-economy-infrastructure-2021-5](https://www.businessinsider.com/birth-rate-decline-pandemic-millennials-change-reshaped-economy-infrastructure-2021-5) + +\[5\] [https://www.washingtonpost.com/business/2020/05/04/baby-boomers-retirement/](https://www.washingtonpost.com/business/2020/05/04/baby-boomers-retirement/) + +\[6\] [https://www.forbes.com/sites/markhall/2019/11/11/the-greatest-wealth-transfer-in-history-whats-happening-and-what-are-the-implications/?sh=70e362954090](https://www.forbes.com/sites/markhall/2019/11/11/the-greatest-wealth-transfer-in-history-whats-happening-and-what-are-the-implications/?sh=70e362954090) + +\[7\] [https://www.zillow.com/research/silver-tsunami-inventory-boomers-24933/](https://www.zillow.com/research/silver-tsunami-inventory-boomers-24933/) +If you're extremely broke and can't afford a car, get a cheap motorcycle! You get a reliable form of transportation and a safe one if you know how to use it! They're extremely efficient, and have about half of the parts that can fail of a full-sized car. The only drawback is how little it can hold, but if you're living as frugally as possible, you probably won't need to carry around more than it can hold, and even if you do need to make 2 trips, the gas won't kill you. Best of Wishes! +Like many others, I sell things online using various platforms. Recently I had one potential buyer asking me to lower the price of an item because they can "take off the 20% VAT due to \[their\] company". + +I'm curious what exactly they are referring to and how legitimate this is? +I feel like Apple has a huge competitive advantage. This is a market that is largely untapped, spotify and other music streaming services have been able to target a tech crowd but failed to target the general population. Apple with millions of users worldwide and the fact that the apple music app will be on each IPhone with a 3 month trial will surely help Apple grow past Spotify's userbase. What do you all think? +Sort of a funny question, inspired by me finding something I bought a long time ago as a hilarious gimmick: + +Zimbabwe Money, specifically 100 trillion dollar Zimbabwe banknotes. Paid like 3 bucks each for them around 2010 or 2011 as a gimmick, now the fucking thing sells for 125 on eBay. +I want to thank every single one of you. + +In October 2021 I met the love of my life. We met online and quickly realised how much we have in common. We play the same games, we like the same tv shows, movies, documentaries, we both have a unique sense of humour that other people wouldn’t understand. We are perfect for each other in every single way apart from just one. + +I live in Scotland and she will live in China. She came to Scotland to complete her university degree before moving back to China to work as a teacher. She is going back to China on 4th October. Throughout this year I was always semi-prepared to make this post because deep down I knew there was a possibility the squozzle wouldn’t have squeezled yet. + +Nobody in my family truly believes in MOASS, no matter how hard I try to convince them, it sounds too tinfoil for them and they simply don’t care. My now fiancée is the only person that believes in MOASS. She believes in it because I do, and I frequently talk about you guys and girls as well as the legendary DD with passion and excitement. + +Throughout this entire year, we have slept in different beds for only 4 non-consecutive days. Those days without each other were hard for both of us. We are always together and we want to be with each other forever, it makes us really happy. This happiness will turn into a lot of sadness, crying and missing each other in 3 weeks time when she has to leave Scotland and go back home. + +I guess I don’t really have to explain that I’m obviously counting on MOASS within the next 3 weeks, but I feel like that would be too much of a miracle because those financial terrorists will do everything they can to survive another day. + +I’m lying in my bed at 3:14 AM with the love of my life beside me, unable to sleep because I can’t stop thinking about her leaving. + + + +To summarise: Even though I feel like shit because of her leaving… + +At the same time I feel so lucky to know what this subreddit is… + +I feel lucky to have the knowledge I have because of you beautiful humans… + +I feel lucky knowing that you will never give up until justice is served and telephone number tendies are in your bank account. + +I like to think that I’m lucky and unlucky, because even though I won’t be cuddling my fiancée to sleep in a few weeks… I will one day look back at this post and realise that the wait for MOASS was definitely worth it. + +I truly truly want to thank all of you for continuously DRSing your shares and making life worth living right now. Without all of you I wouldn’t get the chance to spend the rest of my life with my future wife so easily and my journey would have been 100x harder if not for MOASS. + +Lastly, Kenneth Cordele Griffin and friends - I sincerely hope you all fucking rot in jail until your death. + +I will continue working overtime and I will continue DRSing GME monthly. + +我爱你宝贝 ❤️♥️❤️♥️❤️ + +Love you apes 🍌💛💛💛💛 +I (29M) started down the path for FIRE only about a year ago. I've been making fantastic progress since then (+40K/+50%NW). However I have noticed some disturbingly deep (good and bad) changes in me as a result of following this path. It is making me doubt the eventual relevance of this entire plan. + +1. I became really really good at my job due to a role change and the sharp focus that FIRE as a goal brought out of me. I've gone from mediocre in a more ordinary role to one of the top performers in a much more demanding position. This had resulted in a ~70% increase in my overall compensation. +2. Following the above, I no longer see my job as a negative that I want to stop doing. I almost hate to admit it but work is often the highlight of my day. +3. I have increasingly dissociated from valuing material possessions. Stuff simply brings me no joy anymore. The focus on cutting down on wasteful spending really intensified this aspect of me. I no longer want to buy anything. +4. Due to work being enjoyable, I no longer seek extra curricular activities with the same rigor. As a result work annoys me even less because it is no longer interfering with other things I would rather be doing. + +As a result of all of the above, my profession is now becoming a pivotal part of my identity. I am not sure if FIREing would be much of an upgrade to my happiness already. But what's shocking is how these changes have happened over a relatively short period of time. It has made me seriously question if any of these far off plans will be relevant at all when I finally get there. At this rate FIRE might seems like a total downgrade to me when I get there. + +Tl;dr: Pursuit of FIRE made me a passionate workoholic with no interest in worldly possessions or other hobbies in 1 year. Now FIRE seems a lot less enticing. I have no idea what person I will be in 10 years. +About a month ago this sub started to have more threads and comments about people not making as much on premiums, and starting to lose money on their positions, etc. At that time I noticed two types of posters that I will generally bucketize as 1) people that had been trading for years/decades and have lots of experience and 2) people that started within the past year. + +I made a post suggesting that people should lighten up on their positions: [https://www.reddit.com/r/thetagang/comments/mhz3n5/its\_ok\_to\_be\_light\_on\_positions\_right\_now\_in\_fact/](https://www.reddit.com/r/thetagang/comments/mhz3n5/its_ok_to_be_light_on_positions_right_now_in_fact/) + +The loss porn posts continue to pile in and I continue to see comments like "everyone is getting killed." + +One of the biggest advantages of selling options is that you don't need to have a completely bullish portfolio like buy and holders. And you can be much more nimble about the way that you manage your exposure. + +I haven't made anywhere close to as much money over the past month as I did in the year before it, but I've had mostly green days over the past month because I have reduced my exposure and positions during a time that it made sense to do so. Everyone is in the driver's seat of their own portfolio. You can learn from experiences like this, or you can keep doing the same thing over and over, or even double down. It's up to you. +I recently learned to do both PCS and CCS. I also run Iron Condor. + +I’ve completely abandoned the wheel and CSP at this point. Am I heading down the wrong path? Worried that a dopamine rush is clouding my judgement. Has anyone gone down this path, then gone back to the basics? + +I understand diversity and keep each trade around 5-10% of my account. Any words of wisdom from more experienced thetagangsters? +It seems like every post I read here has everybody sighing like the correction is done. Why does everyone seem to think it's over? + +[View Poll](https://www.reddit.com/poll/scschp) +I really want to generate some passive income. I just don’t know where to begin!?!? What are you doing to generate extra income. + +Or alternatively what is your business on the side of your usual job/work (I suppose this isn’t strictly passive) +My salary is $44,000 a year, but after taxes I make $36,000. For reference I’m single with no children. The place I work at charges $300 a year for parking and there are no raises unless you promote to another position which takes time. With the rising cost of living I’m afraid if I stay here I will end up in a hole. + +I’m actively applying for jobs but I fear employers will think it’s a red flag that I’m leaving a position so soon but fiscally I can’t stay where I am. + +Has anyone been or is in this current situation? +I'm a 22 year old teacher in Hutto, TX and I currently have two retirement accounts with Security Benefits (or Legend Equities? not even sure). + +Security Benefit Life Ins Mutual Fund 403(B)(7) with about $1,000 + +and + +Pershing Ftc Freemark Total Return ROTH IRA (which is a bunch of different Vanguard shares?) with about $5,700 + +What freaked me out was (and I can't find this info in any of the stuff they mailed me or online) I think I remember the financial advisor saying that the fee was 2.75% for the Roth IRA. + +I guess my questions are, How do I bring the fee down? If that involves moving to a different company, how do I do that? Are there consequences to moving companies? I'm so lost and freaked out now. Also, neither of these accounts have made anything since I started them in November (403b) and April (Roth IRA), they've only lost money. Is that normal? + +Here is the list of providers I can use with my district: https://www.omni403b.com/PlanDetail.aspx?clientID=8yel2NgISi0=. My district doesn't match for 403b's (since they're already putting money in TRS, which is crappy and useless). + +Thank you in advance for any help you can give me. + +EDIT: Wow, this blew up. Reading all the responses now, thank you all! +This is more so a post for the newbies and/or investors with a long term time horizon. The Fear & Greed Index registers investor sentiment as [extreme fear](https://www.cnn.com/markets/fear-and-greed). With the S&P treading bear market territory, the majority of investors, those with a long term time horizon, should be buying at these prices. Over the course of a decade these kinds of steep price declines, beyond a correction, happen maybe 2-3 times at best. Sure, it's possible that the market keeps dropping for the next 6-8 months or so, but headlines and markets have a way of turning relatively quickly. The majority of people should be trying to increase their positions in index funds right now and should continue to do so if the market keeps falling. + +Here's how quickly a news cycle can turn: + +"Russia & Ukraine announce a 2 week cease fire, the western world begins buying Russian oil again, bringing gas prices down." + +"Heading into the summer months, China announces that it has a lid on COVID outbreaks and begins opening up locked down cities. This should alleviate some supply chain issues, helping to control inflation." + +"With inflation slowing, the Fed announces a rollback to .25% rate hikes, and estimates a moratorium on rate hikes within 6 months." + +"Biden announces a $20,000 student loan forgiveness package, freeing up the millennial and gen z consumer base." + +\----- + +We're a herd. We all get anal retentive and get incredibly bearish at once. Then we all turn bullish and start having orgies at our goat yoga sessions. We're anal retentive right now, but you don't have to be. Take advantage of this opportunity. Buy more index funds, i.e. VTI, SPY, etc. etc., right now while the market is down, and go enjoy your goat yoga. +Link: https://www.tesla.com/support/incentives + +So it looks like they hit the 200k mark in July which could explain some of the higher Q2 in transit numbers and should lessen some of the cancellation concerns. +Edit: Doing it. Next week i'm going to attack the coin Einsteinium on their main net, no testnet because that's not very cool (the specific coin may change to a bigger one), Oct 13, 3:00 CDT, 4:00 EDT 1:00 PST + +Event:[https://www.twitch.tv/events/NyJSsF3hQkGHdnsKA2f4JQ](https://www.twitch.tv/events/NyJSsF3hQkGHdnsKA2f4JQ) + +Channel: [https://www.twitch.tv/geocold/](https://www.twitch.tv/geocold/) + +If anyone wants a twitter based reminder of when it's happening, i'll tweet out an hour before I go live and when I go live. + +[https://twitter.com/geocold51](https://twitter.com/geocold51) + +Update:I've compiled a few coins and I'm setting up pooled mining right now. I'll briefly go over how I did all this on stream but I'm doing it beforehand because it takes a long time to compile coin (like a half hour) and it takes hours for the wallets to sync. + +Thank you to everyone who has donated. I have like $800 total now so we can attack a few coins. Thank you to everyone who has donated. + +&#x200B; + +Edit: I think I’ll do it in like a week against a small coin like Einsteinium or the like. I might also set it up so if you donate a dollar to the stream you can send me some text that I’ll throw into my forked chains overriding transaction and give that money to the EFF (and pay for the minimal cost of renting hashing power). Stay tuned. + +I'm considering doing a live stream of all the setup and execution of doing a 51% attack against against the bitcoin testnet so that people can see how it works in real life, not in theory. I'd also discuss how the attack works and every concept encountered along the way. I'd also talk about the security implications and how some coins go about preventing such attacks, the pros and cons of such tactics, etc. + +Edit: Could also just attack a small cap coin. That would let me get into some interesting game theory from an attackers perspective about what coins they want to attack, what exchanges, in what order, and what would deter them. Which is equally interesting. One thing people don't often mention is the importance of the depth of a given coins trading books because with many coins there is so little liquidity that an attacker could only sell a few thousand dollars worth of the coin before crashing its price and making subsequent cycles of the attack hard. + +Second edit: I realize I mistitled this and just said "the testnet" I was originally referring to the bitcoin testnet. + Its getting pretty clear to everyone that the market is more and more decorrelated with real economics. In the standard anatomy or a bubble we usually see a bull trap following the first big dip. If we consider that the first big dip ended on march 23 its been quite awhile that this bull trap is going on. + + +Which asks the question: was it a real crash, or just the news effect of the pandemic and lockdown had on the markets? + + +By "real crash" I don't mean the sudden drop in stock prices definition, but rather i mean end-of-cycle crash. And this is quite different, by Kondratieff and Schumpteter this kind of crash does not happen because of a news but rather a news is the detonator of a crash that was bound to happen. +We lived in the longest bull run in history and if we think of the economy as a breathing machine if function in two steps: + + +1 it that has to inhale, inflate, create money and debt to sponsor innovation. During this period, the new products and services start appearing in the market. These products are more effective and thus displace the old ones and thus decrease their demand in the market and their margins. + + +2 at some point it also has exhale, as the not-so-new business starts repaying their debts, the economy tends to shrink, old products and services incur losses, Investment declines and unemployment starts. + + +By this definition we might think of the current market a the true continuation of the 12 year bull run, and the coronavirus crash as just a major event that impacted the market. The markets were not ready to burst when in happened and will continue to climb until irrational exuberance is unbearable and any small spike will make it burst into the real end-of-cycle crash. + +&#x200B; + + +TL:DR We should not analyse the coronavirus crash the same way as 1929, 2001, 2008 or any other end-of-cycle crash, but rather we should see it as a major news impacting the market. +I don't even know who to talk to about this, but figured this is as good a place as any. + +My deepest desire is to become a Mom (either biologically or via adoption). I'm 41, so time really isn't on my side. I spent my 20s and most of my 30s building my career, and never found the right relationship. As much as the biological cards are stacked against me, the financial ones are on my side (well into comfortable FIRE territory, though perhaps not "fat" by all definitions). + +What I really want to do is have a child, retire, and spend my time raising them. I'm in this kind of holding pattern, waiting to see if this will work out (currently pursuing my first round of IVF), and not wanting to prematurely leave my career if it doesn't. + +I'm also deeply afraid that I might be doing this for the wrong reasons, or that I will hopelessly mess up my future kid. I think I have a lot to offer a child, though, including time. I constantly am checking myself to be sure that I'm not just doing this for selfish reasons, but then I think most people have kids for selfish reasons. + +Does anyone out there have any similar stories? I've connected with multiple "choice Moms" groups, so I have examples of that being successful. I know some people who are stay-at-home Moms (with the financial support of a partner who works). I don't know anyone pairing the choice to be a single Mom essentially with retirement. +My name has 21 letters so they abbreviated my first name down to its first initial only which has led to multiple unapproved doctors appointments. + +I've been directed back to my employer's Benefits Centers, back to Blue Cross Hotline and repeat. I've been mailed dozens of new cards. All written the same. I've been told my eyes are deceiving me and that my new cards do indeed have the correct spelling because their system shows my entire first name written out. But for the 100th time, its not on my ID Card + +A friend said that my situation may mean I'm within my rights to cancel my policy (I wouldnt mind) since having the correct name on the card is pretty important. I've kept records of all cancelled doctor's appointments and denials of coverage (I've gotten 2 bills for copay due to this issue) + +Can I escalate this to a government entity for insurance rights? Whether my entire name can fit is irrelevant. I shouldve been told in advance if thats the case +I have an opportunity to invest and the amount being solicited is big-picture insignificant to me. At the same time, I have always heard that mixing family and business is a bad idea. Your thoughts? +T’was the night before liftoff and all through the markets. + +The hedgies were plotting and setting their targets + +The autists held through large drops without a care + +In hopes that the tendieman would soon be there + +The retards were nestled all snug in their beds + +While visions of sweet tendies danced in their heads + +My wife in her panties, her boyfriend in his briefs + +Had just settled in for a night of sexual relief + +When there on the ticker there arose such a clatter + +I opened up Wall Street Bets to see what was the matter + +Through the DD and Shit Posts I sorted + +Hoping this hedge fund attack would soon be thwarted + +I found the GME megathread part 3 + +And my heart began to fill with glee + +The apes were holding, my eye shed a tear + +It was a gay bear ladder attack, nothing to fear + +With some solid DD and a tweet from DFV + +I knew I was safe and back in the green. +Which projects on Kucoin have the most potential for 100x by the end of 2021? + +Clearly no one can predict the future. However, while considering market cap, whitepaper, roadmap, and other factors, there must be a few that have more of a chance than the others. +Like many of you, I'm a huge fan of Big ERN and waiting for him to update [his post on people who retired in the year 2000](https://earlyretirementnow.com/2017/01/18/the-ultimate-guide-to-safe-withdrawal-rates-part-6-a-2000-2016-case-study/). While I'm waiting, I decided to use [his monthly data](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) to take a quick look at their performance through the end of 2018. All this uses real returns, re-invested dividends, fixed withdrawal rates, and a portfolio 100% in the S&P 500. + +&#x200B; + +I looked at 2 things: + +1. [For people who retired March 2000 (the market peak), how their portfolio has performed for a variety of fixed withdrawal rates.](https://imgur.com/a/Y6gouH9) +2. [% of the remaining portfolio on Dec 31, 2018, for people who retired on Jan 1 of the years immediately before and after 2000 (for a variety of fixed withdrawal rates)](https://imgur.com/a/VAE5vX2) + +&#x200B; + +I've got to say, performance was much worse than I expected. To maintain your real portfolio value to today, you needed a 1.5% WR in 2000, and still a 2.5% in 1999 and 2001. Since (Edit)[equity valuations today ~~are comparable to where they were around 2000~~ at levels only surpassed during the dot come period (and similar to 1929)](http://www.multpl.com/shiller-pe/) and demographic trends + rising government deficit are expected to be larger headwinds to the economy over the next few decades, I think it would be reasonable to project even more conservative performance in our retirement models (or have strong contingency plans if there is a big recession soon after you retire). + +&#x200B; + +This is not at all what I was expecting to see when I decided to look into this. I was hoping for confirmation that a 3% withdrawal rate was solid, even in the worst of times. That being said, a cash cushion, some portfolio diversification, spending flexibility, and a willingness to gain income again can all mitigate this. + +&#x200B; + +Edit: Here's a copy of the document I was using in google docs. Click the link, then go to file->make a copy, and you'll have your own version that you can edit. [https://docs.google.com/spreadsheets/d/1BvRvOWs1iiWCnjiXSVH4M8ImFwhnunYCsPNEGXp\_5fo/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1BvRvOWs1iiWCnjiXSVH4M8ImFwhnunYCsPNEGXp_5fo/edit?usp=sharing) + +&#x200B; + +Edit 2: Based on some of the comments, I want to mention that I'm not thinking about a 30 year retirement window, but a much longer one. A 30-year retirement could likely use slightly higher withdrawal rates in the year 2000 (maybe 3%). Also, this is looking at 100% stocks because I was curious about that, and because most people here skew highly towards stocks. Bonds performed pretty well during this period, so having some bonds would allow for a higher withdrawal rate too. If you want to see that, you can use my spreadsheet to incorporate bonds, or wait for Big ERN to do it. +So bought this morning, not sure if I've done the right thing. I would have thought that the transaction would have included a price and a fee. Am I missing something? + +&#x200B; + +First time buyer, long time lurker. + +&#x200B; + +I said to my wife, I think we should buy a thousand bucks of GME and she's like ok. So now I know I'm going to get questions I can't answer +Hi everyone, 19 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible. + +**Transaction**: + +[https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b](https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b) + +&#x200B; + +**How I send mistakenly 1 BTC to the Huobi Cold Wallet?** + +A day I was watching a BTC rich list and exploring the addresses. I'm unsure how exactly it happens because I verified the address, but when I sent 1 BTC I did mistakenly to the wrong address!!! I verified that I was sending to the correct address, but I had to remake the sendship because the wallet crashed, probably there was the problem, the huobi's cold wallet address was in the clipboard. Anyways I don't have certainty how it happens.List: [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) + +It was a mistake, I work often sending and receiving BTC. When you do a certain task all the days copying wrong data could be a **TERRIBLE** but **EASY** mistake to do, because we are humans and we fall in the trust. **As you did a task correctly many many times you earn trust on yourself and try save time.** If it didn't happens to you ever you aren't being honest. + +&#x200B; + +**7 months talking with Huobi Customer Support (part 1)** + +I tried to contact Huobi's customer support. First they first didn't understand me, thinking that I tried to deposit on Huobi and sent to a wrong address. After they understand they told me that the address doesn't belongs to Huobi and they can't help me. That is false, I did an investigation and they have direct relation with this address, they can help me. Read my following analysis please: + +&#x200B; + +**Huobi Ownership Analysis** + +Searching, sites says that the address belongs to Huobi Huobi support says that address doesn't belongs to Huobi + +I don't know if belongs to Huobi or not, but I can deduct and track that the address is related with Huobi + +Why? The address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 regulary sent big amounts to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D + +Then, is VERY PROBABLY THAT 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER KNOWS 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER And the 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER can help me. + +Searching, some sites (and sites like USDT Official page [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist)) says that the address 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D belongs to Huobi + +Again, I don't know really if the address is of Huobi, but I can deduct and track that the address is related with Huobi + +Why? On my Huobi account I made only 2 BTC withdraws from Huobi in the past + +2018-05-08 18:36:45 , txid: 0e6bf02323ebc166b6638afcd6170ecb73948748235e687def7e7a3cb1902fca , it has 239 inputs 2018-05-08 20:17:10 , txid: b59b988d642fe3773268e246ef1a0d048bbd3f734a611d00722b39126ed9e20b , it has 239 inputs too + +In both transaction, all inputs are addresses that BELONGS TO HUOBI, because you huobi are sending me BTC + +Both transactions has 39 addresses as inputs in common (all huobi address, maybe deposit addresses of anothers huobi users) + +Example: 1M9ndPSQ4fmMKaKW2oX7LtjduDqYUcFKCW + +Analyzing the transactions of this address, we can found many transactions sending BTC to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER + +[https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77](https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77)[https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87](https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87)[https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2](https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2)[https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1](https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1)[https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56](https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56) + +User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi And seeing all transactions, probably all of them are being used to pay USDT fees (i didn't study this part but isn't relevant) + +Then, if 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi, you can help me High probably that you know the 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER , address which I mistakenly sent 1 BTC + +Please, tell him that give me back my 1 BTC + +See my transactions asking the 3CBq.. owner give my BTC back: [https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7](https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7)[https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e](https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e) + +sending to 1SentYou1BtcP1sBackToMeP1sNznQ1zH(read the address) and to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 with the same addresses used to send 1 BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 + +&#x200B; + +**7 months talking with Huobi Customer Support (part 2)** + +After understanding this , they asked me my consent to pay a fee. I agreed. After they asked me sign a message with my privates keys. I did it. And finally they tell me "Wait". I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you". Now they told me " Hello，sorry for the inconvenience, we feedback your problem to our technology department.  After a series of research and development, but it can not be solved.  Please understand this.  " + +I want to think that the team is failing and Huobi isn't wanting steal my BTC. What they are doing maybe could be illegal. I'm thinking to talk with lawers on Singapore, I don't know what more to do. + +I tried to contact the CEO Livio on Twitter ( [https://twitter.com/livio\_huobi](https://twitter.com/livio_huobi) ) but they don't reply me! I want to think that someone else is administering their account. + +&#x200B; + +**My ownership evidence**: + +Message: + + I sent mistakenly 1 BTC to the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 on these transaction + TXID: 4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b + + Please send me back to 3J4n1P9qX1nnPHxb8e63B8z7HQs65QXRoz or 1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL or 1K8JEvgg3sketnpExziFupBb2UQaQaCiaE + +( Pastebin: [https://pastebin.com/K6bXr6Mz](https://pastebin.com/K6bXr6Mz) ) + +Signature (1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL) + + H/443F0x29qHAQJj8FoizXCX4V+kVzjifKq2LYhsJisjGf5iyBotpF0W7y74lg7vMV9ebsHgaW9FEfzzd8TIA6U= + +Signature (1K8JEvgg3sketnpExziFupBb2UQaQaCiaE) + + H7GCXHHb+Iy6T9xu8c6867Wd7u6jc9sabbMVvGsUtEvddKqbslwajYBfFe3stQvIVJ7mK3Nuyh2aKOOdnjfU840= + +***Huobi CEO contact me please, my UUID is 1995155*** + +&#x200B; + +**UPDATE 16/06/2019**: + +All the balance of **3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64** was sent to **1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D**. That is an address which is PROPERTY OF HUOBI.834dea449693ac8380eecd906936db0eb514ae9b4426def3e3534c8525447fea + +Read my analysis. Tether saying that this wallet is owned by Huobi: [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist) + +&#x200B; + +\*\*UPDATE 13/02/2020:\*\*Now my BTC is there: +[https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f](https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f) + +They bloqued me from telegram and support don't help or ignores me + +**Upvoting this helps me (I'm not suggesting it but I will appreciate)** + +**If someone knows how contact the CEO please help me** +Hi guys, + +&#x200B; + +Hope everyone is good! + +Here is my story for the day- + +I went to a Mitsubishi dealership today with my parents and was looking at the Triton. A guy instantly took me to his desk and started showing us the MSRP from there website etc. Anyway, I wasn't overly keen since my dad told him our budget and wasn't keen on the car anyway. + +Next went to a Toyota dealer and saw a 2021 BRZ Ts with 2000ks on it. Asking price was 56K, within our range but I wasn't too keen on that much for a BRZ. Beautiful car though. He instantly took us to the office and started discussing finance (wasn't convinced I could afford it). Anyway, before I knew it I was test driving the car, he then took us to the finance office. I asked them if they could do 50K to which the lady said hell no, they're not getting stock in etc etc I can only take off a hundred or two. Anyway, stood my ground and walked out. Then the sales dude came back and said what happened, and asked me what price. I said 50K and he said if you told me that before we wouldn't have gone on the test drive. He showed me the car one last time and yadada life story wonderful car etc. My parents then said 51K final offer and he said no. end of discussion. He literally stormed off + +I feel gutted now since I liked the car. Literally first day driving to a dealer. I was surprised they weren't willing to negotiate at all. What did I do wrong? My current plan is to see some private cars, I already test drove it so I know that I like it. + +Kind of feel like a dick now. My job has sales elements to it and I hate stubborn customers, and I felt like one today :( +Hello autists. I'm sitting here in my retard palace reflecting on how my idea of the market has changed since I dove into this sub right around the beginning of last year. I first visited WSB a couple years ago but was quickly overwhelmed with all the abbreviations and inside jokes. At the time I dismissed it as a nihilistic financial-prank hellhole where people with nothing to lose YOLO'd their money away and that it was encouraged and that everyone was just trying to throw away their money. While that does happen obviously, I think there's a much bigger macro-vision of this sub that is changing things forever in the market. + +In my opinion, nothing demonstrates this macro-vision better than the narrative surrounding GME. To have a talking head that my dad would watch when I was a kid continue to reference this sub on TV and say that we're in control is insane. At the same time, this exposure could be a death sentence. We are in a precarious situation now where the volume of users here really makes us a stupidly strong retail entity if we all choose to rally behind something. It's cool, but it's also a liability. The number of braindead questions that have flooded the daily threads since the GME rally began has been immense, and that's only counting the comments that made it through whatever automatic filters the mods set up here. Because of this volume, it's going to increase our exposure to the media exponentially. There have already been tons of articles written about WSB, but none of them have gotten to the point of putting on the blame for something financially devastating. With the influence we have over the market (at least when there's an agreed upon general sentiment here) it's only a matter of time until we upset the wrong suit on Wall Street and they try to see what they can do to fuck up the operation here. + +I hope it doesn't come to that because I really do think the camaraderie here is something special. On first visit it seemed like a mean, uninviting place, but what I've realized is that people do look out for each other here. When someone does something 'retarded' like take every cent to their name and put it into weeklies, they get called retarded (because they are), but they'll also get comments like 'no one has ever lost money taking a profit' when it's time to go. There's a bond over degenerate lack-of-financial-responsibility, but it's all in the name of pursuing financial independence in a brute-force manner and attempting to stand up to a system that has never shown much care for those not deemed worthy to be a part of it. + +I know there's a flip side to all of this. There's the idea of gambling addiction, the idea that you see a lot more people post about their wins than losses, confirmation bias, and that a lot of people won't make it out the other end with a profit, but that goes for most systems in life. It still feels great to see someone here find the life they never thought they could have, buy that car, provide for that family member, etc. And maybe it doesn't last or they test their luck and lose their gains, but no one ever said we weren't retarded. + +Point is...All eyes are on us, especially after all the TSLA gains last year. We will see how the GME chapter unfolds this year, but it is undeniable that the media exposure and influence this sub holds is only going to increase, and with that there's a lot to consider amongst ourselves as to what the primary tone and function of this space is. To not anticipate hordes of normies and suited wall-streeters continuing to infiltrate the space is to underestimate the growth that will take place whether we want it to or not. I believe, when we look back on it in the future, that this chapter of WSB began last year around the crash in March, but there's no denying it's a new chapter nonetheless. It's only gonna get crazier. + +WSB to the moon. +So last time I inquired about switching investing strategy from growth to preservation at Fire; an overwhelming majority said they’re planning to keep their money in stock but set aside 2-3 years of living expense in cash equivalent. + +So this brings me to my next question. Has anyone performed a Monte Carlo simulation on this strategy? I think firecalc assumes 75/25 stock-to-bond mix. Is the result close enough? +I make 10k a month a average. For the last 2 years. I have less then 1,000 in my account. + +I need serious help. My spending for this year is 80 grand. The worst part is I don’t even know what the fuck I bought. + +How do I stop this. I need to start being a adult and learn to be responsible with my money. + +Edit: Was not expecting this to get as much attention as this did. When I wrote this half panicked yesterday I expected to get 3 comments calling me a dumb ass and single comment to really help me out. I want to say thank you to everyone who took the time to share there opinions on this subject. From the bottom of my heart. You have no idea what it feels like to ask for help and get overwhelming amount of it. I have read each and every comment and well I am not replying to any I have saved and screen shot the ones that have stuck out to me. + +Today I took half a day off from work and spoke with my bank. They have set up a financial plan with me to try out for the next 3 months. Showed me projected savings for 3 months and a handful of years. I have also checked out the YNAB website and book everyone is recommending along with downloading mint and setting things up there to see a break down. + +I can say a large portion of my income goes to dinning, shopping and travel with only about 21% going towards actual bills. Guess you don’t realize how much those dinners add up. + +As for the people who dug through my comments and found I have a history of gambling I can see where and how we got to the conclusion it may be a gambling problem. However, I can promise you the amount I spend on poker is a tiny amount. For the year I have spent 1400 since February on gambling. Which I get is wasted money however, well I play a lot of poker. I deposit very few times. Poker stars transactions are only 5 for this year. + +A lot of people asked about my past. I went from making 26k a year for 6 years of my life thinking that was good money. Until I realized I couldn’t do anything with that except pay bills. Couldn’t take girls out to dinner. Couldn’t go with friends anywhere. + +When I got my first $9,762 dollar paycheck (I looked up my last years income file) after my first month of sales I blew it all. I told my self I’d never do that again. Month after month I had these paychecks coming in. Some months larger, other months smaller. The outcome was the same. I’d spend it all because I knew I’d make more. It’s horrible. Im glad I posted on her and received the help I did. Thank you everyone. +(Canada) + +My father is very wealthy, started a business and sold it sorta thing. He died suddenly in April. My entire life he has made it clear to me that I have a trust fund. He used some of it to help me out while I was in school. Although we have never discussed the exact amount that is in that account, he showed me the balance once a few years ago and I remember it being ~100 000. Maybe my memory is off but I felt odd when my step mother revealed to me that I was getting $43 000. Until this point, I have adored my step mother. She is nice, sweet and very kind. But she never called me when my father was dying. She knew for 2 weeks he was going to pass. She never called me. My uncle saw the state of my father one day and HE called me and told me to come immediately. I booked a flight. My father died 12 hours before I got there. + + +While I was there she explained to me how my fathers finances were being dealt with (briefly, while she was drunk) She inherits everything. She said my name wasn't on the account set aside for me (she said he didn't have time to change it into my name) so she would inherit everything and give me what was in the account that he has set aside for me. Now... when she said this, her words were "I will give you a portion of this" she was drunk. She said it casually. I didn't say anything, I'm not going to argue about ethics surrounding money I legally have no rights to. + + +Now... there are some other weird things which lead me to believe something is going on. My father died in April. My stepmother has already sold his $20 000 boat, and his expensive RV (I have no idea how much that was worth) I understand she may just be getting her finances in order but.. hes been dead just over a month. People deal with death differently... but it seems off. + + +Do I have any right to ask for a balance of the account since it was opened? If I have a discussion with his accountant, is it legally confidential? If my name wasn't on those accounts, I know I have no legal right to the money, but knowing my step mother skimmed a bit off the account she and I both know my father intended to be for me, then at least I would know what kind of person she is. I'm not desperate for the money, I am successful in my career. I don't want to continue the niceties with her if what I suspect is true. Again, I know she can legally do whatever she wants. It's the principal of it and how that would affect my view of her. + +*****UPDATE: I will call my uncle, speak with him and ask what he can share with me. I will ask to see the will. I will also call a lawyer. Thank you for the advice, it's nice to know I'm not a lunatic for having concerns. + +*****UPDATE 2: I called my uncle no answer, will call again today. Will update. Thank you for everyone who is commenting with advice. Up until this point I felt powerless. + + + +Coin Bureau, hosted by Guy is almost the guaranteed answer to anyone asking on here the age old question of "but is there any good YouTube channels to follow". It is presented as the gold standard, and honestly most others set a very low bar. So I'll use it as an example to get a point across. + +I'm not bashing Guy or his channel as if you've ever watched a video of his, he makes it abundantly clear **it's not financial advice**. As far as I know he just presents the information available to him as best he can and tries to flag potential issues/risks even if overall enthusiastic for a project. Yet therein lays the problem. + +This crypto channel is not a source of truth or a confidence that you've picked a winner just because he doesn't say run for the hills in the review. The Terra Luna story is the perfect case study. These are the channels videos on Terra over the last year. + +**12 months ago video - Luna potentially heading to the moon** +https://m.youtube.com/watch?v=7HLiZxkbxfY&t=48s + +**10 months ago video - DeFi Stablecoins have benefits** +https://m.youtube.com/watch?v=uLmVtec0px4 + +**5 months ago video - Centralised stablecoins are risky, UST could moon Luna** +https://m.youtube.com/watch?v=NiYUEBNvPPk + +**2 months ago video - Terra has collapsed** +https://m.youtube.com/watch?v=0CutSymg94I + +They made an incorrect investment, and did not foresee the impending collapse. Turns out Luna/UST were remarkably similar to fixed value convertible bonds aka debt spiral bonds...with the same problems. + +So to answer the question, no there is no guru or all knowing veteran you should just follow. Just because they are saying it's not a scam or won't end in a 12 foot high dumpster fire doesn't mean it won't. Nor will they be on time to tell you to get out. +This past couple of weeks WSB has been the QAnon of finance. Much of what you are told here is wrong. + +You can protect yourself to a degree by learning at least the very basics of how markets work. This post will explain to you how prices work on an exchange, and why "short ladders" are not even a coherent concept. + +**How markets work** + +Exchanges have [order books](https://en.wikipedia.org/wiki/Order_book) in which they track interest in a stock. Orders to buy and orders to sell stay in the order book until someone submits an order that matches their price. + +The highest price present on buy orders is called the *bid price*. +The lowest price present on sell orders is called the *ask price*. +The difference between the two is called the *spread*. + +When you submit an order to the exchange, it trades at the best price it can get. If you're selling, it will sell to the highest bidder even if you said you were willing to sell for zero. + +It is possible for companies to trade off-exchange, but when you are looking at the price of a stock on Google or wherever, the price is based on trades that took place on the exchange. For this reason it is common if you're looking at a feed giving you prices in real time to see the price going up and down between two prices for a number of seconds as people sell at bid price and buy at ask price. + +**Why short ladders are not possible** + +Short ladders are described as two hedge funds selling back and forth to one another at an increasingly lower price. + +This makes no sense for the following reasons. + +* Off-exchange transactions do not result in ticks. Nobody sees them. +* You cannot target another participant on the exchange to sell to. You have to go through the order book. +* If the order book has $10000 of bids at $100, you cannot drive the price down to $99 except by selling $10000 of stock at $100. + +This is a theory made up by someone who has no knowledge of how markets work - if they understood the basics they would at least try to make it believable. + +If you google "short ladder attack" you will get a bunch of hits on Reddit, [a StackExchange question](https://money.stackexchange.com/questions/135807/closing-shorted-positions-via-short-ladder-attacks) debunking it, and pretty much nothing else of note. If you google "short attack" your top two hits are a description from CFO.com of companies releasing a report at the same time they short e.g. alleging financial irregularities, and a piece of frothing madness from SeekingAlpha where some nutter in 2014 makes up a bunch of nonsense involving "counterfeit shares". + +This is not real. +Hi all, + +&#x200B; + +I am a relatively new investor and heard a lot about options. I know I don't know nearly enough about them yet so I opened a paper trading account to practice options, but no where really gave me a clear tutorial on what they are and how they work. + +&#x200B; + +Naturally I went to Youtube and managed to find a video that helped me clearly understand what they are. This is the best video I've found on options tradings and I've been through a lot. + +[https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s](https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s) + +&#x200B; + +Tl;Dr + +This Youtube video let me understand options so I can actually start practicing with them. + +[https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s](https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s) +In the comments of [yesterday's post](https://www.reddit.com/r/wallstreetbets/comments/m8racu/bloomberg_terminal_gme_data_as_of_eod_0319/) by u/yodisc I saw some commenters mentioning that this is looking similar to the 2020 Tesla short squeeze, so I did some digging and I'm here to share what I found with everyone today. +&#x200b; +#GME Graph and Shorts +First, let's look at the graph of GME. According to sources such as S3 Partners, Ortex, Fintel, Yahoo! Finance, and a few others, most short interest estimates I have found range from 20%-80% of the float, not accounting for shorts through ETFs. This is down from estimates of about 140%-150% during the first squeeze, if this information is to be correct, it is clear that the first squeeze had numerous shorts covering, but not all shorts were covered. This leaves us with the current range of 20%-80% interest, which is still quite high. +&#x200b; +https://i.imgur.com/BSpHXlu.jpg +&#x200b; +Now, based on Fintel information, we can see that institutional put/call ratio is 2.81, meaning there is still a large portion of shorts compared to long positions. We can also see that for the past 10 trading days ~23% of trading volume has been short sales, which could provide support for the theory of the price being shorted so it doesn't go up too much. +&#x200b; +https://i.imgur.com/Mp5cJXD.jpg +&#x200b; +#TSLA Graph +Now, if we look at Tesla's graph from 2020 to now, we can see the process of a slow short squeeze along with catalysts and improving value for the company. (Namely Model 3 sales) +&#x200b; +Towards the beginning of 2020 Tesla short interest was estimated to be ~20%, ending now at ~5%. +&#x200b; +Tesla seemed to follow a similar pattern to what we are seeing starting now, where it has a bit of a squeeze, corrects, more squeeze, corrects, rinse and repeat. +&#x200b; +https://i.imgur.com/KB4hKRu.jpg +&#x200b; +#Is This Similar? +Based on the numbers available and the patterns available, it appears this could be a similar squeeze to the 2020 Tesla short squeeze. However, this scenario is also different, we are dealing with a situation with a lot more press and larger short volume, not to mention an almost war like scenario, David and Goliath style. +&#x200b; +It is also worth noting, company catalysts fueled the Tesla squeeze, similarly we can see the recent squeeze from $40 to $200 was because of digital transformation plans, but for this to follow the same pattern catalysts would need to continue coming. +&#x200b; +#Unknowns +Now, a few things I wanted to briefly go over while I have my little stage here. First, there's no way to tell how earnings will affect the stock, if it will. Earnings could come out surprisingly well or have good guidance, and it could be a catalyst. Shorts could use the opportunity to push the price down more, after all markets tend to react negatively to earnings, it would be a good way to hide it. It may entice some of you to sell prior to earnings and buy again at a lower price, however because of the strange nature of this stock, if you want to be here for a potential squeeze it would be better to just HODL. +&#x200b; +I would also like to note, there's no way for us to accurately see who is currently still short GME, such as if Citadel or Melvin still hold the same positions they were in before. Melvin reported they owned 60,000 puts on GME with no calls to hedge as of 12/31/2020, you can see this in their [most recent 13F filing, which was filed 2/26/21.](https://sec.report/Document/0000905718-21-000248/) +&#x200b; +If you would like to see the most recent info on institutional ownership, take a visit to [holdings channel, which gives a good view based on the most recent information from filings.](https://www.holdingschannel.com/bystock/?symbol=gme) +&#x200b; +From this we can see that Citadel and Melvin are (unsurprisingly) some of the largest short positions, however Melvin has no hedging but Citadel also owns a large amount of calls, which I would assume is to hedge. +&#x200b; +That's all I have for you apes today, thanks for reading, and I feel as though this is required; +Not financial advice. +Title says it. I’ve been spending what I can here and there for a while now trying to stack some BTC and I’ve finally got to 0.1 BTC. + +I’m starting to wonder only a tenth of a Bitcoin is going to mean anything? I feel like so many people have been in BTC for years and years and likely have much more than that. + +Is (could) 0.1 BTC become meaningful in the years to come? +Are there exceptions to the rule where we actually have to do this? Say you’re in an Industry like Law, Finance, or Marketing, does climbing the career ladder and securing those high salaries rely on and require a certain amount of KUWTJ? + +If not, you may get left out of the social circles. It doesn’t mean you *have* to drive a new Merc, but surely owning an old banger, wearing tired clothes and bringing in your own lunch every day would stick out like a sore thumb when you’re aiming for the C-level executive positions, impressing clients and the like. + +Let’s hear your thoughts and experiences on the matter! ☕️ +Working in investments, it was always surprising to me that there is no strong consensus among professionals on the financial merits of home ownership. I was taught early on that home ownership was a lifestyle choice, and usually a bad financial choice. So buy one if you want to own a house, not because it's a good investment. This made sense to me, since home ownership goes against a lot of the conventional wisdom of investing (active, leveraged, not diversified, negative cash flow, low risk/return profile, etc.). + + +But I also regularly meet financial analysts, portfolio managers, and CFOs that love home ownership over stocks as an investment. These are generally well educated financial professionals, so I assume they have a reason for thinking this. When I bring up the conventional arguments, they'll counter with points about tax benefits and the leverage being relatively cheap and actually a good thing. That's usually where the conversation ends, because neither of us will have the numbers to back up the economic value of the leverage and tax benefits, so we just end up agreeing that "it depends". + + +So I did a deep dive analysis myself. The St. Louis Fed provides housing price and mortgage data from 1975. On a pure return basis, there's no question that equity dominates housing over that time period. The SP500 total return is 13,114%, or 12.0% annualized. US housing is 675% or 4.5% annualized. However, making some adjustments for leverage and tax, the difference is much smaller. SP500 is 10,923% or 11.5% annualized, and housing is 3,571% or 8.7% annualized. (See Edit 3.) + + +This is a small enough delta that I can now see how there are plenty of specific personal situations that would push housing above equity as a preferred asset class. On average, stocks are probably better, but for some people, housing might be. "It depends" is actually a very accurate answer. As an example, I did the same for California housing specifically, and it came out to 9,131% or 11.1% annualized. Just one change and already housing has almost caught up to stocks on an absolute return basis. + + +Anyway, thought this might be a question some of you have also been meaning to look into, and just haven't had the time. In addition to sharing, I also wanted to put my calculation out there for critique. I know there are major simplifying assumptions I've made, including a mortgage that fluctuates based on housing value, multiple instances of straight line averaging instead of compounding, mixing historical and current data, heavy use of midpoint averaging, etc. but I'm wondering if any of my assumptions are a big enough distortion to render the analysis grossly inaccurate. + + +Spreadsheet link: https://docs.google.com/spreadsheets/d/1oim4RGz-v8PUogTaQgDdc-rQDmjv-DPYi3i1xdFwvMk/edit?usp=sharing + +EDIT: Wow I just realized I missed a major factor. This analysis ignores rent entirely. Maybe I'll take another crack at it tomorrow morning. (Or someone else can using the spreadsheet.) + +EDIT 2: Rent might not be as big a deal as I thought. Gross rental yield is maybe around 2.9%, and average property tax is 1.2%. Add on all the other home ownership costs like maintenance and repairs and the net rental yield may actually be much lower than I thought. + +EDIT 3: Just woke up. Adding net rental yield is harder than I thought. I'm using 9% gross, from ATTOM's 2017 single family rentals report (much higher than the 2.9% I googled last night). Then I'm using 5% as an estimate for net tax + insurance + maintenance/repairs. This is just based on my personal experience, and I would love to replace this number with a more reliable one from some kind of national report. Adding on an extra 4% per year from rental yield, the adjusted national housing return actually tops out the equity return, 17,654% or 12.8% annualized. Big difference. +What are the track records of all the big real estate Youtube channels like Ken McElroy, MeetKevin, etc? Are we thinking these are accurate predictions of the housing market? Or are they doing this all for clicks? +Is it hard seeing your money go down? It absolutely is right now my portfolio is down about 10k and yes it hurts. Keep in mind how many times a crash like this has happened in just 3 months. It will rise again, don’t sell at these prices. You will either break even or get profit in a couple weeks time. This happens all the time if you have to just stop looking at your portfolio and prices on everything just go on with your daily life and check in a week. +I'd like to premise this post by giving a few points and giving some background + +\- I know that interest rates have gone up and will continute to do so +\- I know that house prices are coming down in response to rate hikes +\- I know that this sub is bearish on the housing market (and arguably for good reason) +\- I know the old adage: "The best time to buy a house was 30 years ago; the next best time is when you can afford it" - some guy + +My current situation: +Me and my partner who live in Melbourne (both 25yo) have just graduated from uni (both in full-time secure work), and are in the process of getting pre-approval for a home loan to buy in the coming months. We will also be applying for a spot on the First Home Loan Desposit Scheme as soon as our pre-approval is granted as we have less than 20% of the purchase price for what we are looking at. + +The loan product that we are looking at is a package loan on a variable rate of 2.34% (might be higher now), and the lender has stress tested us at 5.54%. During our discussions with our broker, we have been told that for the loan amount we are after and our incomes/outgoings, we will be fine all the way up to about 7%. If rates get to 7% or thereabouts, the broker has essentially said that we will be squeezed and times will start to get tough at that point. + +During the the last couple of days, we have seen in the news that house prices are coming down and have come down slightly more than anticipated. What I am struggling with is whether or not to buy now, or to wait. I know that no one can look into the crystal ball, but I would like to avoid buying at the top if possible (or near top). Additionally, while we have been stress tested by the lender at 5.54%, it is conceivable that variable interest rates could could start with a 3, 4 or a 5 by the end of the year/mid next year. In my mind, if we are likely going to have a variable rate with a 3, 4 or 5 in front of it by the end of the year or mid next year, are we better off waiting until the end of the year to see what happens with house prices? In other words, if we are going to have a variable rate with a 3, 4 or 5 in front, why not at least wait a few months and get a cheaper purchase price to reduce the size of the loan? + +I don't feel like we can have this convo with the broker as they have a vested interest in us proceeding with the loan, and we are not interested in engaging a buyer's advocate. I'd also be lying if I said @ without\_my\_remorse has not gotten to me with his bearish views lol. + + We are currenty renting and out lease is up at the end of January, so there is no urgency to buy immediately. I would really appreicaite any thoughts on our situation and if anyone would be able to share some words of wisedom/experiences! +Reducing or annihilating my HECs would be the single best thing that could help me boost my ability to get a decent home loan. Plus the government would be incentivising people paying their HECs off faster. What am I missing? Why isn't this a thing? + +&#x200B; + +I know it doesn't make sense to pay HECS down with my after tax salary as the cash is better of in a HISA, but now that I have saved a deposit, it's shocking to see how the HECS loan is being counted as a liability and therefore reducing my borrowing power. + +&#x200B; + +Also (rant) it grinds me that ATO withholds my HECs portion of tax with each pay, but only deposits it into the HECS loan at the EOFY - i.e. after it is indexed in May. I know that this is hard to avoid but it just grinds me. Why don't they index on 31 October :( And then the banks use the HECs figure per the ATO website without considering any PAYG compulsory contributions through the year. i.e. blah blah blah credit is tight blah +I have a car, that needs about $700 or more worth of work. That thankfully my boyfriend is offering to pay with his emergency fund. Living together is not an option unfortunately. I get insurance through my work and after that and taxes being taken out, I make about $320 a week. + +The downside here is that I dont have a fridge or kitchen to keep any perishables or cook. + + +Edit: Thank you all so much. I am overwhelmed with everyone's helpful advice. I might not be able to respond to everyone, but I am so unbelievably grateful to all of you. +**Background:** + +I'm 38, single, live in NYC, and have no kids. I also have no debt. + +I have about $210,000 in my 401k/SEP-IRA and $240,000 in my brokerage account. I also have a $30,000 emergency fund in a separate Ally savings account. + +I've been trying to take control of my finances recently but I don't have any real "goals" for my money at the moment. + +**I have two sources of income:** + +* I make $110,000/yr at my full-time job. +* I have an online business side hustle that will bring in about $160,000 (pre-tax) this year. + +**How to move forward?** + +I currently max out my 401k from my full-time job. + +I also pay myself a salary via my side-hustle's S-Corp and use this to contribute to a SEP-IRA (I'll put about 20k into my SEP-IRA this year). I use part of this salary/owner distributions to invest into my brokerage account each month. + +From here I don't have any other plan for my money. Should I throw almost all my extra money into my brokerage account? + +I don't have any real plans to buy an apartment where I currently live because prices are crazy here—but I also pay a lot of rent so it's something I've thought about. + +If I were to think about buying, I'd want to wait until the market recovers since I'd need to liquidate most of my brokerage account to afford the downpayment/closing costs (which is honestly kind of scary to think about). + +So yeah, I feel like I'm in a decent financial situation but I don't know what I should be doing. +I’m an electrician, I work a good bit of over time and side jobs. +I’m about to get paid $600.00 for a job I’ve been doing on the side. My question is, should I use this cash to tackle a small credit card debt I have (<$600.00) or save it all? I initially had plans to save it all in a high interest savings (which is not my main emergency savings). But I understand the logic behind paying off the credit card now to save more later. + +What would the fine people of this sub do for themselves? +Hi everyone. I'm seeking any advice on what would be my best course of action to get out of debt and set up foundation for my financial future. + +I'll get straight into my financial situation: + +\- College student in Canada, halfway through a BBA Finance degree at a smaller university. + +\- Make anywhere from $500-$1,000 per month teaching group fitness classes. $0 in savings. + +\- Living alone: Rent is $1,000/month, car payment and insurance combined is just under $650/month. Additional expenses add up to another $600+ a month. + +\- Debt includes $10,000 on a credit card, $9,000 on a car loan (car is worth about $9,000), and $35,000 in student loans. + +\- No financial assistance from friends or family, just student loans. + +I feel like I'm treading water and barely getting by. I rely on student loans and scholarships & bursaries to get my education and pay a lot of my living expenses. I feel like if I take a full course load each semester I have less time to earn an income and I owe more in tuition, and whereas if I take less courses per semester I will graduate later (I'm already a year behind and in my late 20's) but I will have more time to work and graduate with less student loan debt. + +I'm lost on how to handle my situation. I don't really know how I should approach my schooling and work situation. + +Any advice would be appreciated. +My child participated in a research study where she was paid via a gift card (Clin Card - it’s like a VISA gift card). The card was issued in her name and the company required her SS # to issue it. Does this count as earned income where I could match a Roth IRA in her name? Thanks for any advice. +I'm thinking of things like cleaning services, gardeners, etc. to the more extreme end like Hello Alfred, using TaskRabbit for all the things, and so on. + +Are there any subreddits dedicated to solving this sort of problem? +I can clearly see all the points he's making, but the book so far could be about 1/4 the length and I'd still get the point. Feels like he says one thing, then writes forty pages of a story about it. Like... Yeah I got it the first time you said it. + +All the points he's making are congruent with the overall concept of "millionaires don't spend frivolously and live below their means". You can immediately guess the answer to all his proposed questions. + +Anyhow, is there more to this book than just conceptual stories? Should I keep reading? +I invest on a weekly basis, and as a result, my total account performance is down just ~2.5% for the year. + +We’ve all heard the potential benefits of dollar cost averaging. 2022 seems like a good opportunity to provide real life examples of such. + +So, for those of you who DCA on a scheduled basis, how has 2022 gone for you? And have you strayed from your scheduled purchases at all this year? For example, I actually put some extra money in on June 13th (luckily enough), and increased the dollar amount of a single scheduled purchase several times, as a result of overtime and bonuses. + +I’m personally content with my -2.5%. My total account value in dollars is little changed between January and December. But I know my account is actually much larger today than it was 12 months ago. Being in my 20s, it’s been nice to finally be able contribute to my future without being at all time highs. + +I’ve also heard from the Money Guy Show that the average recovery from the very bottom of a bear market, 12 months later, is 33%+. That’s an astonishing number to me. If 2023 has more pain to bring, I’ll just buy more +She fully expect the worldwide economy to collapse soon. I've heard this since I was in high school. My dad and her are preparing for it. + +I am not educated enough on the economy to comprehend her beliefs so I just write them off as being crazy. + +These are some of the articles she sends me to prove why I should be worried and start preparing for the collapse: + +* http://etfdailynews.com/2016/02/15/financial-crisis-2016-high-yield-debt-tells-us-that-just-about-everything-is-about-to-collapse/ + +* http://www.zerohedge.com/news/2016-02-12/nirp-doom-loop-threatens-wipeout-banks-and-global-economy + +Now, I have tried to read these articles. But I am not educated enough on the economy to understand what I'm reading. I see them as a "confirmation bias" to prove her point to me that the economy is about to collapse. I don't know how to respond to these pieces of information that she is giving me. Any help in dissecting this stuff? +So, I'm from Arizona. Whenever I go to California, I notice that prices on nearly everything are significantly higher there. + +Considering that each individual dollar will get you less far in CA than in most of the country, does that mean that theoretically, the dollar is worth less in California? +My parents are abusive and they talk of setting up an arranged/forced marriage for me soon. They financially control me so I have no access to a job or credit card. + +I'm a US citizen that's stuck in a third world country. Is there any way I can take out a student loan while I am here to cover living expenses for when/if I arrive in the US? +seeing so many of the US tech stocks doing an easy 50 to 100% growth in just last one year and their growth and current price not in any way match up with their intrinsic value or earnings or assets, how is this not another tech bubble? thoughts on shouldn't we worried it would impact the general market and economy as a whole too? I know I had the same position a year ago and seeing this maybe next year too similar case... but failing to understand why isn't this seen as a bubble? or is it ... thanks for your thoughts in advance +My Child's daycare has just moved to a new payments system, previously direct debit was free now there is a 65c per transaction (weekly) fee. Credit card 1.6% +10c . + +I asked about a no-cost alternative but none is offered. + +&#x200B; + +Are businesses required to offer a no-cost method of payment?