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+
+-   Category: -27.24%
+
+ 
+
+**2003: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ABSRP**: 36.44% (before fees), 32.69% (after fees)
+
+-   PRNHX: 49.31%
+
+-   Category: 35.96% (after fees)
+
+ 
+
+**2004: Cathie OUTPERFORMS Category, OUTPERFORMS T Rowe**
+
+-   **ABSRP**: 20.20% (before fees)
+
+-   PRNHX: 17.90%
+
+-   Category: 13.23%
+
+ 
+
+**2005: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ABSRP**: 10.45% (before fees), 7.21% (after fees)
+
+-   PRNHX: 11.90% (after fees)
+
+-   Growth Category: 9.84% (after fees)
+
+ 
+
+**2006: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ABSRP**: 4.23% (before fees)
+
+-   **CHCIX**: 1.85%
+
+-   PRNHX: 7.39%
+
+-   Growth Category: 9.00%
+
+Note: Cathie started managing AB Discovery Growth (CHCIX) in 2003, but performance data is only available from 2006.
+
+Source: <https://www.morningstar.com/funds/xnas/chcix/people>
+
+ 
+
+**2007: Cathie UNDERPERFORMS Category, OUTPERFORMS T Rowe**
+
+-   **ABSRP**: 14.28% (before fees)
+
+-   **CHCIX**: 12.31%
+
+-   PRNHX: 6.25%
+
+-   Growth Category: 15.09%
+
+ 
+
+**2008: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ABSRP**: -45.12% (before fees)
+
+-   **CHCIX**: -48.28%
+
+-   PRNHX: -38.78%
+
+-   Growth Category: -43.77%
+
+Notes: During the 2008-2009 market crash**, Cathie exits CHCIX and starts to manage the AB Sustainable Global Thematic Fund (ALTFX)**, with some period overlapping while new management is onboarded for CHCIX. I have no information as for the management shuffle, only what I see on Morningstar.
+
+Source:
+
+<https://www.morningstar.com/funds/xnas/altfx/people>
+
+<https://www.morningstar.com/funds/xnas/chcix/people>
+
+ 
+
+**2009: Cathie OUTPERFORMS Category, OUTPERFORMS T Rowe**
+
+-   **ALTFX**: 55.53%
+
+-   VT: 33.62%
+
+-   PRGSX: 44.77%
+
+-   **ABSRP**: 44.57% (before fees), 40.39% (after fees)
+
+-   PRNHX: 43.87% (after fees)
+
+-   Growth Category: 39.11% (after fees)
+
+ 
+
+**2010: Cathie MIXED against Category, MIXED against T Rowe**
+
+-   **ABSRP**: 25.30% (before fees), 21.65% (after fees)
+
+-   Growth Category: 24.61% (after fees)
+
+-   PRNHX: 34.67%
+
+-   **ALTFX**: 18.42%
+
+-   VT: 13.05%
+
+-   PRGSX: 12.45%
+
+In 2010, Cathie's Separately Managed Account (SMA) underperforms, whereas her global fund outperforms.
+
+ 
+
+**2011: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ALTFX**: -23.71%
+
+-   VT: -7.71%
+
+-   PRGSX: -11.55%
+
+Unfortunately no more data available for **ABSRP** starting this year.
+
+ 
+
+**2012: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+-   **ALTFX**: 12.96%
+
+-   VT: 17.33%
+
+-   PRGSX: 16.39%
+
+*Unfortunately no data available for SREMAC for this year
+
+**2013: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe**
+
+Notes: Cathie left Alliance Beinstein in early 2013. Full year performance is still shown as it's likely that some or most holdings from Cathie's tenure were kept by the new manager.
+
+-   **ALTFX**: 22.62%
+
+-   VT: 22.98%
+
+-   PRGSX: 32.55%
+
+ 
+
+**2014-2020: Ark Years**
+
+For the Ark era, I am going to use ARKK to evaluate her performance. I'm using ARKK because first and foremost it is her flagship fund, and secondly because her specialty funds, while interesting, are nearly impossible to benchmark against. For another comparison, I am also going to add another passive fund to the mix, Vanguard's VGT (Technology Index), in addition to the Russell 1000 Growth.
+
+ 
+
+**2014: N/A**
+
+There is no full-year history for ARKK in 2014.
+
+ 
+
+**2015: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive**
+
+Benchmarks I am using for ARKK are IWF (IShares Russell Growth 2000) and VGT (Vanguard Technology ETF) as a secondary benchmark. It turns out to not make a difference whether a year is a underperform or an outperform. 
+
+-   **ARKK**: 3.76%
+
+-   VGT: 5.02%
+
+-   IWF: 5.50%
+
+-   PRNHX: 4.50%
+
+ 
+
+**2016: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive**
+
+-   **ARKK**: -1.96%
+
+-   VGT: 13.73%
+
+-   IWF: 7.01%
+
+-   PRNHX: 7.79%
+
+ 
+
+**2017: Cathie OUTPERFORMS T Rowe, OUTPERFORMS Passive**
+
+-   **ARKK**: 87.38%
+
+-   VGT: 37.07%
+
+-   IWF: 29.96%
+
+-   PRNHX: 31.49%
+
+Summary: This is without a doubt the breakout year for Cathie Wood. How was this done? Can you guess what was the biggest contributor to her outperformance? Hint - it wasn't an equity holding. A position in Bitcoin Investment Trust is by far her top contributor, netting her 635, 748, 655 basis points of compounding outperformance in Q2, Q3, and Q4. Check out their quarterly reports and you'll see it's not even close. Note that the contribution of this is more than simply the compounding of 1.0635 * 1.0748 * 1.065..because this compounding is based upon the base of all assets. In other words..I estimate her actual returns without bitcoin would have been about 57%. Still great, but brings it down a bit more towards earth.
+
+Q1 Return: 19.2%
+
+Q2 Return 20.9% (14.55 without BTC)
+
+Q3 Return 18.3% (10.82 without BTC)
+
+Q4 Estimated Return 9.9% (3.35 without BTC)
+
+**56.3% return without BTC (estimated)**
+
+**87.4% return with BTC included.**
+
+<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q2-2017>
+
+<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q3-2017>
+
+<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q4-2017>
+
+ 
+
+**2018: Cathie UNDERPERFORMS T Rowe, OUTPERFORMS Passive**
+
+-   **ARKK**: 3.58%
+
+-   VGT: 2.52%
+
+-   IWF: -1.68%
+
+-   PRNHX: 4.04%
+
+ 
+
+**2019: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive**
+
+-   **ARKK**: 35.73%
+
+-   VGT: 48.68%
+
+-   IWF: 36.08%
+
+-   PRNHX: 37.71%
+
+ 
+
+**2020 Cathie OUTPERFORMS T Rowe, OUTPERFORMS Passive**
+
+-   **ARKK**: 152.52%
+
+-   VGT: 45.94%
+
+-   IWF: 38.21%
+
+-   PRNHX: 57.72%
+
+2020 bears no explanation. We all lived through the fun in the market last year. In case it isn't obvious, her biggest contributor for the year was Tesla, however there were many others as well and overall it was a much more balanced return profile versus that of 2017.
+
+ 
+
+**My take on ARK**
+
+The following comes directly from ARK's own FAQ:\
+"ARK's funds are fully invested and do not hold a material amount of cash. ARK generally will not use cash in a tactical manner."
+
+<https://ark-funds.com/help-center/what-is-the-typical-range-for-the-cash-position>
+
+Let me explain in layman speak what this means. Here the algorithm Cathie follows to buy or sell:
+
+-   When Cathie receives inflows, she buys
+
+-   When Cathie receives outflows, she sells
+
+Sounds a lot like the algorithm for a passive fund. You see, unlike most active funds...Cathie is not tactically using cash nor thinking of limiting inflows..even as she now sits with many billion AUM, and continuing to pump money into existing positions.
+
+Unlike Cathie, **top active shops tend to hold higher cash positions during times of market euphoria and close funds when they are performing** ***too*** **well**. The exception to this are mega-cap blue chip funds, but Cathie is not running a mega-cap blue chip fund. The T Rowe Funds in my benchmarks for example are currently either closed or restricted to new inflows. Fidelity has done the same with very successful small or mid-cap funds. Let me quickly summarize what IMO are some of the best virtues of a good active manager:
+
+-   Keep cash onhand and deploy it only when there is a reasonable risk/reward tradeoff.
+
+-   Sell if the risk/reward tradeoff is no longer to the best interest of your clients, even if this means selling to a cash position.
+
+-   If your cash grows too large or if your fund performs too well..you should consider closing the fund as otherwise it attracts short-minded performance chasers.
+
+-   If there is a great buying opportunity (i.e. a market crash) and your fund is closed, you should open your fund to solicit new inflows.
+
+-   You should try to keep your Assets Under Management (AUM) small if possible. The larger your AUM, the more difficult it is to make a winning bet on a small cap. Let's say for example you wanted to bet 5% of your portfolio on San Jose Water Company (SJW), an infrastructure holding of mine. Well...their total market cap is less then $2 billion. If your AUM was $100 billion, you'd need to buy the entire company outright just to make a small dent in the portfolio.
+
+-   Your marketing to your clients should be reasonable and not overpromise. Telling your clients "your goal is to beat the S&P 500 on a risk adjusted basis" is fine as long as you are clear about risks involved.
+
+I do not see Cathie following any of the above. Instead I am seeing a combination of dangerous behaviors:
+
+-   Actively soliciting more inflows even when total AUM across Ark funds exceeded $50 billion. This is forcing more purchases into existing overcrowded positions.
+
+-   Advertising that ARKK should double your investment in 5 years.
+
+-   Regularly putting out videos, promotional materials, interviews, etc. promoting the house holdings with price targets significantly above most industry targets.
+
+I do not believe Cathie is acting in her investors best interests. Intentionally or not, I believe Ark is essentially a pump scheme:
+
+-   Buy companies with a marketable story and small revenue base but large revenue growth.
+
+-   Promote the companies heavily: sell investors on the story.
+
+-   Solicit inflows, use to buy more into those positions...sometimes owning up to 10% of the company. My theory is that this in itself is jacking up the price of those companies...
+
+-   Sit back and **watch the stock's price grow at a faster rate than revenue growth**. This is not sustainable.
+
+-   Until...well until what? You now hold a basket of companies trading at very high P/S ratios. Some of them might become the next Google, but surely they all won't become the next Google. You can try selling them to some greater fool, but good luck doing that with 10s of billions in AUM.
+
+ 
+
+Edit: lots of posts about how ARK cannot control inflows because it's an ETF. This is true and not Cathie's fault, but nonetheless it's a problem...or at least it's fair to say it's a flaw in the structure of active or concentrated ETFs. ARK is now suffering from the big AUM problem. Too much capital to chase after too few opportunities, victim of its own success. 
+
+ 
+
+**Additional Sources**
+
+<https://finance.yahoo.com/quote/ARKK/performance/>
+
+<https://finance.yahoo.com/quote/prnhx/performance/>
+
+<https://finance.yahoo.com/quote/IWF/performance/>
+
+<https://finance.yahoo.com/quote/VGT/performance/>
+
+<https://finance.yahoo.com/quote/PRGSX/performance/>
+
+<https://finance.yahoo.com/quote/altfx/performance/>
+
+<https://finance.yahoo.com/quote/vt/performance/>
+
+<https://finance.yahoo.com/quote/chcix/performance/>
+
+<https://www.alliancebernstein.com/Microsites/ABI/Thematic/Content/Instrumentation/Investor/saleIdea_10for10_in.pdf>
+>"More than 600 reporters from around the world, belonging to 150 media organisations spanning 117 countries, participated in the research for two years."
+
+>"The Pandora Papers contain 11.9 million files."
+
+Both quotes from dawn.com (first english site I could find, im swedish and got the news from swedish sites first.
+https://www.dawn.com/news/1649824/pandora-papers-about-bigwigs-financial-secrets-due-today 
+
+The International Consortium of Investigative Journalists are behind this exposé and they will release it today, sunday, at 4:30pm GMT.
+
+
+This could be ***HUGE*** guys!!
+Apes, keep an eye out for all citadel mentions and juicy gme related stuff!
+
+
+Edit:
+Adding the link to ICIJs official tweet
+https://twitter.com/ICIJorg/status/1444474822797545476?t=JU0xovhEV5Kg88U8h5hIhA&s=19
+
+
+Edit 2: 
+Link to the Pandora Papers webpage on ICIJ website:
+https://www.icij.org/investigations/pandora-papers/
+Hi all,
+
+I'm currently teaching English in Europe for the year, but because I studied economics in college, the social studies teacher here wants me to give an economics class. I'm looking for a subject that will be easy enough for them to grasp while being entertaining and engaging. Any ideas? 
+
+Thinking about a game where the students get to see some lessons in competition, or perhaps some easy game theory stuff. What do you think?
+ Hello,
+
+I would like to ask people here if they remember a web-series that taught the basics of personal finance. For the life of me I can't remember what it is called, but I remember the story line very distinctly. It goes something like this:
+
+The main protagonist is a middle-aged man, who has retired early and all he does is cook and enjoy life. His neighbors are a family of four (mother, father, and two kids) whose finances aren't healthy at all (Lots of debt, no investments etc). The story follows how the youngest kid befriends the middle-aged man and learns about money. The kid then starts making investments for himself (PPF or mutual funds I think). I distinctly remember a shot in which the kid is invited for lunch to the middle-aged man and all of them are simply lost in the food (pasta I think).
+
+The production value of the series was quite good, I think it was funded by some mutual fund company. Not entirely sure about this though.
+
+I want to teach my young cousins about finances and they are very visual learners, so it'll be very helpful if I you can help me find that web-series.
+
+Thanks a lot.
+I bought a townhome in 2009 that I now use as a rental property. Last summer when I was visiting the home I noticed the floor in the kitchen had sunk a couple inches. I'd heard previously from my neighbors that they'd had the same problem.
+
+When I bought the home, the builder had given a 2/10 warranty which covered the any defects in the foundation for 10 years. I decided to pay the $200 to submit a claim and have them inspect, fully expecting they'd find some reason to deny my claim, but they didn't.
+
+Today I have a check in hand for $38,000 and a bid from a contractor to make the repairs. If I hadn't thought to check my warranty or if I'd waited even 6 months my warranty would have expired and I would be paying that out of my own pocket.
+
+Don't forget to check to see if your repairs are warrantied.
+Ok I might sound like I’m an old hating prick but here’s my reasoning. I come here to better my portfolio, due diligence and learn about dividends stocks but this r/dividends is always cluttered with all of these I’m ?? young years old and just started investing. Is this really what r/dividends for? Please help me find what I might be looking for.
+An independent German agency named [Deutsche Markt Screening Agentur](http://www.dmsa-agentur.de/pressemitteilungen) (DMSA) just dropped a bomb on Evergrande today highlighting it as **officially defaulted** (as of today) and **now preparing bankruptcy proceedings against them.**
+
+The following was said from their press release today:
+
+>China Evergrande Group today again defaulted on interest payments to international investors. DMSA itself is invested in these bonds and has not received any interest payments until today's end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it.
+
+*(full text provided below)*
+
+There is a lot to unpack here so, for organizational purposes, here is the post covers:
+
+1. Proof of censorship.
+2. Proof of default and bankruptcy proceedings.
+3. Conclusion
+4. TDLR
+
+# Proof of Censorship:
+
+As for proving the censorship, you can even check for yourself.  You have a TON of foreign media all reporting one thing and U.S. media reporting another.  I mean, FFS, Canada is even reporting the default.  We'll see what happens the next few days too.  Especially when they begin to respond to this finding.
+
+Anyways, here is how you can see it for yourself:
+
+1. Google search "Evergrande default".
+2. Your results will include something called "Top Stories",
+3. Click "View all".
+4. Look at all the *foreign media reports say* **versus** *American media reports*.
+
+*The best contradiction I found was* ***Yahoo contradicting themselves.***  That's right, they literally posted contradicting articles at different times covering this where Yahoo news posted the truth and, of course, Yahoo finance posting what their corporate overlords want you to think.
+
+Seems the two departments weren't exactly on the same page.
+
+**Yahoo Finance:**  [Delayed Interest Paid, Default to Be Averted: Evergrande Update](https://finance.yahoo.com/news/payment-test-looms-debt-rules-004107642.html)
+
+[\(Published: 10 Nov 21 @ 2:10pm\)](https://preview.redd.it/eydd06jmpvy71.png?width=1489&format=png&auto=webp&s=7ad1c6384387f7267eb7fddfeb8c9b827257d259)
+
+**Yahoo News:**  [Evergrande officially defaulted - DMSA is preparing bankruptcy proceedings against Evergrande Group](https://www.yahoo.com/now/evergrande-officially-defaulted-dmsa-preparing-161200818.html)
+
+[Published: 10 Nov 2021 @ 10:12 AM](https://preview.redd.it/tvw1wp949wy71.png?width=1651&format=png&auto=webp&s=d6a6640e24f5efb34138c9afffb95fc73ad39f8a)
+
+*Here are a few other foreign media sources that all report the same thing... (DSMA Source)*
+
+1. [PR Newswire](https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html) (Canada)
+2. [DailySabah](https://www.dailysabah.com/business/economy/chinas-evergrande-group-officially-defaults) (Turkey)
+3. [The Korea Herald](http://m.koreaherald.com/view.php?ud=20211111000225) (Korea)
+4. [**Daily UK**](https://www.dailymail.co.uk/news/article-10188881/Fears-Evergrandes-collapse-worse-China-expected-Australia-risk.html) **(United Kingdom)**
+5. [Express](https://www.express.co.uk/finance/city/1519580/Global-financial-crash-china-evergrande-collapse-china-property-market/amp)
+
+*Then there is U.S. Media...*
+
+1. [New York Times](https://www.nytimes.com/2021/11/10/business/evergrande-bond-deadline.html)
+2. [Fortune](https://fortune.com/2021/11/10/evergrande-pays-delayed-interest-bonds-default/)
+3. [Reuters](https://www.reuters.com/business/investors-await-evergrandes-overdue-148-mln-payment-amid-contagion-fears-2021-11-09/)
+
+​
+
+# Proof of Default and Bankruptcy Proceedings:
+
+* [DMSA Press Releases](http://www.dmsa-agentur.de/pressemitteilungen)
+* (11/10/2021) [DMSA Evergrande **Bankruptcy Preparation** PDF](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_dt.pdf)  (Picture/Translation provided below)
+* (11/10/2021) [DMSA Evergrande **Official Default** PDF](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf) (Picture/Translation provided below)
+* [DMSA Company Description](http://www.dmsa-agentur.de/unternehmen)
+
+# [DMSA: Evergrande Bankruptcy Preparation](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_dt.pdf)
+
+[Page 1](https://preview.redd.it/ru4ytqy9zvy71.png?width=651&format=png&auto=webp&s=11302048577a898723ddba32855a83f150ee2237)
+
+​
+
+[Page 2](https://preview.redd.it/1aopxtoazvy71.png?width=661&format=png&auto=webp&s=ec4827db85572dbad13ed845907719b74f0fbaa4)
+
+​
+
+[Page 3](https://preview.redd.it/8zeypbbbzvy71.png?width=621&format=png&auto=webp&s=a9b7c9670d26683422e398f558436933c84a4ab9)
+
+​
+
+# DMSA: Evergrande Officially Defaulted
+
+​
+
+[Page 1](https://preview.redd.it/mqkxp8olyvy71.png?width=591&format=png&auto=webp&s=4cecea0bdde205605d726217ea4bea3ffe15ae0e)
+
+​
+
+[Page 2](https://preview.redd.it/6rna9jtmyvy71.png?width=774&format=png&auto=webp&s=8ac530feb2a9a6145c9f7da388967ad5b78d342d)
+
+​
+
+[Page 3](https://preview.redd.it/qkg9spsnyvy71.png?width=735&format=png&auto=webp&s=83c552402d478d17261cec60e94ae0c76ea2d38a)
+
+​
+
+​
+
+# Conclusion
+
+The FIVE big things to take away:
+
+1. Evergrande defaulting
+2. Evergrand bankruptcy proceedings now happening as a resulting missing payments.
+3. Outrageous lying narrative all US media outlets are pushing.
+4. Evergrande's collapse will absolutely decimate the sector.
+5. Tons of other companies within the sector that are similar in size are all missing payments now too.
+
+# The U.S. Media:
+
+U.S. media really shocked me today and I think it's the one piece here that needs to be addressed.  Why are they lying?  I understand this isn't something new, but with Evergrande?  China?  *It's almost looks if they are trying to protect Evergrande.*  That or prevent panic from shareholders.  What do you think?
+
+Update:  I found a bunch of bot-like accounts posting on Twitter MSM links as a response to Evergrande defaulting.  Almost as if damage control has been put out and posting these links will somehow change things.  [This one bitch](https://twitter.com/allisonmcneely/status/1458532569541193730) had the audacity of even posting
+
+>"contrary to what you may have heard \~on the internet\~...."
+
+then proceeds to posts bloomberg link on Evergrande.  YA, THAT SHOULD DO IT, PROBLEM SOLVED.  I guess the big thing to wait for is **MSM response to DMSA's claim.**  Can't wait to see what kind of manufactured bullshit they come up with to put this one off.
+
+# The Sector is about to Collapse:
+
+One thing most of us saw from MSM a few weeks back was that the Chinese central bank can handle Evergrande defaulting or going bankrupt--which for the record, is not wrong.  On paper, just one company?  No problem.  What MSM did NOT address was the Evergrande will have on the sector itself, then others as a result.  Evergrande defaulting today will be a massive blow to the sector only making things even harder for those similar in size and state of Evergrande.  TONS of these companies have been missing payments and defaulting, not just Evergrande in the past six months.  Once Evergrande goes under, **those will too.**  Do you think the central bank of China can bail out the entire sector and other issues stemming from it?  ***Absolutely not.***  Once that happens, the bank of China then defaults then spreading the poision globally, namely the USA which is already in a glass-cannon state.  You can sneeze on the US economy at this point and it will crash.  If the federal reserve then defaults too, the dollar tanks and every currency that is backed by it and pegged to it.  So, start buying stock to soup kitchens.
+
+# Last and final point:
+
+I'm pretty sure we're nearing total global collapse.  I normally hate hearing that kind of shit or I think anyone saying that is crazy, but man, I can't say I've seen economic problems get this bad. Two big super powers looking fragile as fuck right now.
+
+As for the U.S., Federal Interest rates are already next to nothing.  Can't keep printing money either with inflation at 6.2% so when the feds increase interest rates, the economy will plunder.  The debt ceiling is less than 30 days away, *haven't heard a single thing yet from it either.*  COVID is still a problem but not nearly as bad as what regulation will be once it kicks in.  You think supply lines are bad now?  Ya, you just wait.
+
+So, yea, I'm serious, I really think total collapse is close, dangerously close and I encourage anyone of you nearing retirement to pull your money from your 401k before the market tanks and swallows it.  Mother nature is about to shave off bad DNA for the next 10 years.
+My boss, the owner of the company I work for, is very FAT and has been for as long as I’ve known him. We are starting some work out of state and I’ve been told many times that his private jet is fair game for work travel any time once we get going. 
+
+I have never set foot in a private jet so I don’t know the proper etiquette or really anything about using one. I have heard or read a few things like
+
+-don’t bring too much baggage and hog the cargo area
+
+-let the owner enter the plane and sit first so he gets his preferred seat
+
+Beyond that I am at a loss. I would dress like I’m at work which means jeans and a button up shirt. Do I need to be more formal? Should I be bringing snacks or drinks for others on the plane? I am clueless!
+Hi everyone, this week I passed a major milestone for me. Through investing in high dividend yielding stocks like the major Canadian banks, Enbridge and Telus, I was able to get a daily average of $5 in dividends. With quick maths you can calculate a yearly return of around $1,800, which equals 3 months of rent around where I live. Being only 21, the future is looking bright!
+
+Thought I'd share my milestone with you guys. Next step is $6 daily!
+I thought I would mix it up a notch. There's a lot of meme-stock-love on here, and plenty of "sell the high IV stuff, whatever it is", and hey at the end of the day if you make money, who cares! I don't usually see too many people crossing value-investing and premium selling, which is my personal niche. So here we go. My goal is to spark some conversation and maybe some thought about being a little more selective in companies to Wheel. I trade a variety of strategies besides the Wheel but I think it deserves some discussion now. I will go through a few companies I researched and more importantly my thought process and notes on them for what makes them a good underlying in my opinion.
+
+**Why Does this matter?** Well, because everyone says "I have no problem taking assignment and holding the stock" until MemeCoinTech, Inc drops 50% in a week and suddenly even the covered calls below your cost basis are only worth $0.05. Don't think it can happen to you? Ask SPRT-gang, TMC-gang, PLTR-gang how they're doing. PLTR I actually do believe in long term which is kinda funny. Anyway here's the deal, we are in a time of high inflation, we are nearing record mania in the market, we are hearing a variety of market-boosting and market-dropping news frequently, and the overall chop and vol in the market is high. During these times, and especially if a correction happens next, companies that are actually valuable and well-established/well-run will handle the crisis better, and rebound faster than companies that are shit and don't actually make money.
+
+**THIS IS NOT INVESTMENT ADVICE** for crying out loud. I could be mistaken on all of this, I could have bad numbers, I could just be flat out wrong. Don't blindly listen to anyone on reddit. 
+
+**Companies I personally like in the sub $50 range (some even sub $20)**
+
+**HBI - Hanesbrands, Inc. ($17.55)**
+
+HBI makes clothes. T shirts, underwear, socks, the staples. Things people always need and will always buy. Considerations:
+
+\++ Price Performance: it's up 31% in the past year, but is still down about 30% from it's high for the year. Room to move back up, chart looks good if you like charts.
+
+\++ Earnings: HBI beats earnings estimates nearly every single time. The last time it didn't was right when the pandemic hit and everyone was locked down.
+
+​
+
+[money.](https://preview.redd.it/ta6tm81pr3581.png?width=553&format=png&auto=webp&s=acea42450daa84be71a8f7cc50fa274cedd0a0f6)
+
+\+ Levered Free Cash Flow sits at about $400M, and has been above $500M as far back as 2015
+
+\+ P/B is at a historically low level for HBI of 4.4.
+
+\++ Dividend yield is 4.4%. High enough to be juicy, not so high that I worry about it.
+
+\++ Brand Coverage. Heard of Hanes? Of course you have. They also own all of these brand names:  Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Nur Die/Nur Der, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, and Bellinda 
+
+\++ Founded in 1901 - they've been around over 100 years and still going strong. Nobody is "disrupting the shirt space" in such a way that HBI is going under, in my opinion.
+
+\- - Earnings this year has been negative. This could be a temporary situation related to supply chain woes or indicative of something more systemic.
+
+\- - $3.7B of long term debt, which has been increasing in the past few years. I don't love it, but their cash position is plenty to cover their obligations
+
+Trading at $17.55, I can sell the 40DTE 36 delta put and get $50 on a buying power reduction of $296. That's an outstanding return any way you slice it.
+
+**WU - Western Union ($18.11)**
+
+Boomer stock right? Yeah I don't care, they did $4.8B of revenue last year and their profit margin is steady back for a decade at about 40%. Read on.
+
+\++ Price performance: It's down off the high of about $25.80 this year, rebounding off the bottom in November. Zooming out to 5 or 10 year charts it's in the vicinity of what I'd call "support" if you believe in that.
+
+\++ Earnings: Similar to HBI, WU just makes money. 
+
+​
+
+https://preview.redd.it/aj6hpi2hv3581.png?width=544&format=png&auto=webp&s=023fbbb18cee050a78bb81ac0f25660179286189
+
+\++ Levered Free Cash Flow: $841M for 2020, steady as a damn rock from $866M in 2019, and UP from 2018 and 2017. 
+
+\- - P/B is an outrageous 134x for the last year. I hate that.
+
+\++ Dividend yield of 4.4%
+
+\- - $3.3B of total debt. That's a lot of money. More than their current cash position, which isn't great.
+
+I can sell the 26 delta, 40DTE put for $37 on just $250 in buying power.
+
+**BEN - Franklin Resources, Inc ($34.05)**
+
+BEN is an asset management company, pure and simple. They handle money, they invest money, they MAKE money. BEN is on the list of Dividend Aristocrats and has increased its dividend every year for 41 years, if that means anything to you (it should).
+
+\++ Price performance: the 1-year chart is essentially a straight line going up. Zooming out shows more chop but BEN is up on both the 5 year and 10 year charts.
+
+\++ Earnings: Yes.
+
+​
+
+https://preview.redd.it/62vjv7y8y3581.png?width=537&format=png&auto=webp&s=929af7e7767ff9a0e6e7f6c57741cd942f9b53d2
+
+\++ Revenue and Margin: BEN made $3.5B profit on $8.4B of revenue this year. That's glorious.
+
+\+++ Levered Free Cash Flow is $1.1B, with a B. UP from last year because Big Rona can't stop this money printer.
+
+\+++ P/B - 1.5X. DAMN. While we're on the subject of the ratios, BEN trades at 9.7X earnings, which is the lowest P/E in a decade or so.
+
+\++ Dividend Yield: 3.8%. All day.
+
+\++ Money: they have $4.3B in cash and cash equivalents. $24.1B in total assets but their cash position alone would be enough to pay off their total debt of $3.9B.
+
+I can sell the 33 delta 40 DTE put and get $90 or so on $526 in buying power.
+
+So there you have a few options I'm looking at, and a sense of the kinds of things I look at for them. I have a paid subscription to Finbox which I like as a tool for researching. Not everything comes down to IV and IV rank, and I think it's worth adding a tool to your toolbox which is being able to quickly get a sense of "is this company any good" before deciding you want to insure it via selling puts. Treat it like a business my friends.
+How did you get started? 
+
+When did you start being profitable? 
+
+Other than asking about resources, those are two very common questions.  So I figured I would just put it down here, hopefully some of you find something useful out of the journey I took.
+
+—
+
+I grew up poor, but through hard work and education did really well for myself.  Five years ago, living in LA with my family, I got interested in trading.  It wasn’t out of necessity, more because I kept hearing friends/colleagues talk about how much their investments were making.  I’m way too arrogant to think they could do it and I couldn’t, so I looked into it.  And investing seemed....boring.   Still it made sense that reductions in the corporate tax rate and lifting regulations would jolt the market (bad for the economy long term in my opinion), so I bought your basic stocks and did fine with them, still do to this day.
+
+But Day Trading caught my eye, and I started watching videos.  Quickly it became obvious that if a video started off with a Ferrari or Lambo, to just click next. Still, among all the crap, there were some that made sense.   So I ordered a bunch of books and read them.  Learned chart patterns, option trading, indicators, you know, all the basic technical analysis info.  I’m the type that before I do something I like to know as much about as I can.  The whole “90% fail” mantra didn’t deter me.  Why? Well, as I said, I’m arrogant so I figured I would be in that 10%, and experience has taught me that most people fail because they don’t put in the work. 
+
+When I felt I learned enough I put $50k in an Ameritrade account, took some Thinkorswim tutorials, popped some pharmaceuticals and was ready to trade. 
+
+I promptly got my ass handed to me. Hard.  Typical story here - $50k became $100k became $3k.   Yeah I didn’t know shit.  Six months of studying and I still screwed up as badly as possible.  I thought I could anticipate the market - “This stock is going to go up, it HAS to!” rather than wait for confirmation.  
+
+Not deterred, I put in another $50k (mistake).  I figured, ok, my mental game is off, I’m still treating it like gambling.  So I read all the books on mindset (Trading in the Zone by Douglas was actually good), and tried again.  This is now one year in, and I improved.  It’s 2017-2018 and there are still commissions, but I started to see real profit.  And once again, I was a moron.  At the end of the year SPY hit a bear run and go figure I found out I sucked at shorting stocks and using puts.  After two years my toolkit was still incomplete. I couldn’t trade in a bear market.  But I thought I could! (arrogant remember?) The market quickly said, “No dumbass, you can’t”.  
+
+Now I’m down close to $100k.  I hate giving up.  I do well, but $100k was a lot of money, and it was kind of making me sick thinking what I could have done with it instead.
+
+So I decided to do two things.  One - start again but this time with only $10k.  If I couldn’t build that up to over $25k using a combo of swing trades and my three day-trades every week, I had no right to continue trying to be a trader (btw - I still do this challenge for myself, except now I do a $5k account to build up on the side).  Second, I was sick of doing this alone, so I looked for a good community to join.  As you might expect most were either scams or just basic crap they were charging me to relearn.  However there were a few that actually seemed worth the money, and I finally settled on one (I very strongly believe in the non-schilling rule - I don’t own or run any service. Obviously I have ones I would recommend, but I do not publicly recommend anything except the occasional book or free sites like Finviz.  It’s a slippery slope that would fill these forums with scammers).  There I met traders who have been making a living doing this for over a decade.  I was able to discuss trades and strategies, analyze what went wrong and get an outside opinion.
+
+Well third time was the charm.  I built it back with that $10k and by 2019, made back the $100k.
+
+I’ve now had 27 straight profitable months and my 2021 win rate is 87.2%.    
+
+It can be done, and it doesn’t have to cost the two years of frustration and financial loss it did for me before learning how to do it.  
+
+Everyone’s journey is different, but hopefully you can learn something from mine to make yours a bit easier.
+https://www.theglobeandmail.com/investing/education/article-algonquin-power-dividend-growth/
+
+I’ve been a shareholder of Algonquin Power & Utilities Corp. (AQN-T +2.90%increase
+) for more than a decade, and it’s been a terrific investment until now. Thanks to a combination of organic growth and profitable acquisitions, the renewable power producer and utility operator has steadily increased its asset base, earnings and dividends, rewarding shareholders with double-digit total returns.
+
+That all changed on Nov. 11, when Algonquin posted third-quarter results below expectations, cut its 2022 earnings forecast and warned that its long-term growth targets are in doubt. The stock has cratered more than 30 per cent since then, and investors are bracing for a potential dividend cut.
+
+Readers have asked for my opinion on Algonquin, and today I’ll share some thoughts. I’ll start by saying that the earnings release blindsided not just investors but also analysts, whose research notes in recent months largely depicted a company that was still on a steady course. In hindsight, one of the few potential clues was the resignation, on Aug. 30, of Algonquin’s chief financial officer, a development that drew little notice at the time but which may have been a red flag.
+
+(Continued on article link)
+I thought yall were just fucking around when you talked about your wives boyfriends. Turns out, mine actually had one! What the fuck! If I didn't belong here before I certainly do now
+My real-estate agent called me yesterday saying the landlord want to add another 300$ to my weekly rental. And proceeded and sent me the 60 days notice.
+
+My 12 months contract ended last June, but I agreed with the agent to continue renting, but without a contract as I wasn't sure if I'd be moving to another state for work purposes. That didn't happen, and I completely forgot about the this.
+
+Now this happened, what are my options? It's bad timing for me to move, and a 300$ increase a week is just not doable. Prices around me are relatively similar to what the landlord is asking, but these properties are in much better condition.
+
+Please advise before I list my arm and leg for sale.
+
+EDIT: As I'm not able to reply every single comment here, here is my response:
+
+THANK YOU to those who has been kind to share advice, tips and sympathy.
+
+I am NOT rich. If I make more than you, double or whatever that does NOT qualify me as rich. You do NOT know about my life situation. I am NOT here to show off, if I am about that, I'd go to some social media platform where you can know my name and see how I look. But I far from giving a ashit about that.
+
+I recently moved to Australia. Work my ass off, multiple things, over time, weekends and what not. I have obligations besides my own. So please do not judge.
+
+All I wanted is to learn and understand the economic of the property/rent market here. I wasn't looking for empathy, and my aim wasn't to "complain", although I DO have the right to complain, even if I pay a lot for rent, and my income is considered high.
+I'm an ape more retarded than the others. I have a T212 Invest account.
+
+It was my first. I found out I can't move stocks to a different broker or stop share lending.
+
+I have since opened an ISA with a different broker to increase my position. Unfortunately this is currently the only option until we get some legal eagles to fight on our side. 
+
+**If it sounds urgent and incites panic it's FUD.**
+
+Love you all - don't do anything rash.
+
+Edit: I'm not going to recommend a broker but I hear fidelity is good.
+Think about it, at this point they have to realize that apes won’t sell, these articles make apes hate them, so the articles aren’t for apes, they are for boomers and other well off people who have their head up people like Ken Griffins ass. They need this stock to be held by apes only, because if their regular clientele gets wind of this opportunity it’s all over for them. That’s why when you bring up GME to white collar fuckwads they laugh at you and say they shorted it because the price run up was all due to Reddit “manipulating the stock higher.” This is the narrative so called “insiders” have been hearing from the Citadel. Then shitadel drops the stock and has the media publish blatant lies to control the narrative further. The only other logical explanation for the MSM smear campaign is that the media is simply trolling us. And that is highly unlikely.
+My wife and I usually travel twice a year and would always splurge for the best food but only recently did we start to enjoy nice hotels.
+
+Right before the pandemic during peak 2019-2020 Christmas and New Years Season we stayed at the Carlton St. Moritz and for the first time were really really wowed by a hotel--it felt like going to EMP for the for time when I had previously been eating Top Ramen.
+
+To elaborate on personalized service, the entire staff was beyond friendly and attentive. They seemed to know us from the start and make sure we had meals and activities planned and even drove us to them and asked when to pick us up. They brought fresh flowers every afternoon. Housekeeping seemed to notice which little jar of snacks we liked and started to give us more of those. They never disturbed us when we slept in but still seemed to come clean the room several times a day as soon as we left and do pillow turn etc despite the fact we were so happy to started to spend a lot of time in the room! We didn't need to worry much about restaurant reservations because worst case they had an amazing 2\*  restaurant where the chef got to know us and always seemed happy to have us.
+
+I really don't mean to praise one hotel in particular but want to give some context for why things didn't seem quite the same last summer for our next trip back to Europe: we again went to a popular destination (this time Côte d'Azur) again during peak season (this time the summer). Cap-Eden-Roc came highly recommended but was booked so we split our time between Hotel de Paris de Monaco, Martinez, and Villa Belrose. We thought this shouldn't matter too much because all the hotels are obviously nice and  Badrutt's Palace seemed to top most lists in St. Moritz but was booked and we still had an amazing experience during our previous trip. But none of the 3 hotels in France/Monaco had nearly the same "wow" factor as the hotel in St. Moritz.
+
+At Hotel de Paris de Monaco the room smelled heavily of cigarettes from the previous guest. When I told the front desk that my wife was pregnant and we didn't feel comfortable breathing smoke the staff was invalidating. They sent someone who smelled the smoke but did nothing. We waited until the next day and still smelled smoke at which point I had to essentially plead with multiple staff members to change rooms. They initially insisted the hotel was full and there was nothing they could do. We really did want to be understanding that they had no control over a previous guest smoking heavily but were disappointed to look at the hotel website and find reservations available that night (although only for nicer rooms... I thought of booking one of several other rooms that were available but we still had a reservation for the rest of the week).
+
+Ultimately they agreed to change us to a room in a category less than the one for which we paid. Without any added perks or gratuities. The AC didn't work in the new room but I already felt too defeated to say anything and basically sweated it out for the week. The 3\* restaurant at the hotel was full and couldn't accommodate us the entire week. To get around to other restaurants and the beach concierge told us to take a hotel shuttle that ran every 30 mins and on one occasion the driver saw us and kept driving!
+
+I also don't mean to complain about any particular hotel: we spent two additional weeks at Martinez and Villa Belrose without incident but both were lacking the wow factor of St. Moritz: There was little of the same personalized attention from staff and we had to figure things out for ourselves, call for housekeeping after no one noticed we left or the room needed cleaning, remind them to bring toiletries etc.
+
+This summer we were hoping to travel again with our first baby and was curious if anyone had any insight into what I did wrong last summer. I met up with a college friend who spent every summer growing up the South of France and he emphasized that his family would make an effort to tip the staff upon arrival and he claimed they would always get the best rooms etc but this seemed sort of like a bribe? I asked him who exactly to tip and at first he seemed to think the GM but it seemed over the top the make an effort to identify the GM upon arrival and immediately race to him with cash. I think the (questionable?) advice was to then instead to tip whoever assists with the check-in and basically express I appreciate anything they could do to make the stay memorable and let them know at the time of any requests that were particularly important. In St. Moritz we of course tipped generously but it was when we left and we intended to genuinely express our gratitude for working so hard through the holidays to make us so happy.
+
+Questions (and sorry I have so many):
+
+1. Broadly should we think of St. Moritz as an outlier and not come to expect hotel staff to be as personally attentive and accommodating? St. Moritz was the first time we spent thousand of dollars a night for a hotel but we had  stayed at many hotels previously which also lacked the same "wow" and obviously survived. But we flew to Moscow (not an option at present for obvious reasons) immediately after St. Moritz and were also impressed. I think if we hadn't spent as much during our Cote D'Aure trip we wouldn't have expected very much and wouldn't have felt disappointed. But becoming fatalistic about luxury travel and letting go of all earthly desires also seems a bit at odds?
+2. I imagine if the same really amazing "wow" factor does exist at other hotels it wouldn't be found by going off season when the hotel is not as well staffed but then how to find it? Do we always have to go back to the same hotel (we like going new places)? How to choose a hotel anyway since the hotel in St. Moritz wasn't even our first choice initially but we simply went with what was available?
+3. We didn't reserve the nicest room at St. Moritz--maybe something like a junior suite. If such service exists elsewhere it would seem more important to choose the right hotel then pay five times more for an unusually large room in the hotel?
+4. Broadly how can I find out beforehand which hotel offers the best service in a given location? I find most online reviews to be very unhelpful. Is there some authoritative list somewhere that says "stay at Grand Hotel Tremezzo or one very good alternative if it's booked is... if at Lake Como?" What are a few top hotels anywhere in the World with absolutely amazing service?
+5. We were thinking of flying not too far for the first trip overseas with our baby who will be around 6 months this summer. We we looking at Scandinavia, Croatia, Bodrum, and maybe summer destinations in Switzerland. **Could you please share one or two specific recommendations for truly extraordinary hotels that are less than a \~12 hour flight from the East Coast?**
+6. I'm wondering how much of it is cultural? Is better service more common in Northern Europe? Or do we have to look outside Europe entirely?
+7. My Centurion "relationship team" has changed three times in about a year. Cent's idea of personal concierge seems to be to force me into a gym membership when I live in Puerto Rico and there isn't even a Equinox on the island. All this is to ask what to do when a highly recommended hotel is booked if these experiences can be so few and far between?
+8. Any thoughts on tipping on arrival as it was suggested to me? Does this actually work and if recommended who exactly should I tip, how much, and how to be tactful about it?
+Can anyone recommend the best mainstream uk banking app? The main requirement is that it doesn’t require a card reader to make payments. Ideally let’s you do things like change payment references in-app. 
+
+Currently with Nationwide and they are so antiquated it really is time to move.
+
+Edit: thanks for all the replies everyone. Having been doing research into the suggestions, I think I’ll go with Starling. I’ll keep my nationwide one open as the flexplus has some rather insanely good value insurances that cost a lot more to get elsewhere. The only downside is it means I can’t use the switching service to move everything automatically, I’ll have to move all payments/payees/etc etc over by hand so that the source account doesn’t get closed :(
+Edit 12/27/21: After learning how big of a scam Tether is, I am going to say my theory has been debunked and my apologies for jacking any tits.  Those who called out Tether from the beginning, you were right, and I should have done more homework into what you were saying but I was blinded by confirmation bias.  
+
+~~Edit 8/9/21: Looks like there was a transaction for $30k today which while it doesn't totally disprove the theory it does take some wind out of the sails.  I'm still hopeful that this turns out to be something, but it's looking less likely with this recent transfer.~~
+
+
+~~Ethereum address: [https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198](https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198#tokentxns).~~  
+
+~~Here are my previous two threads following the address:~~  
+
+~~First: https://www.reddit.com/r/Superstonk/comments/otdhum/the_ethereum_address_ive_been_following_with_the/  
+Second: https://www.reddit.com/r/Superstonk/comments/ow880o/10k_more_just_transferred_through_the_ethereum/~~  
+
+~~First off, I know the first thing people are going to say is, "but the second post debunked".  Ok, how?  I've yet to see anything debunking my hypothesis and no explanation why the post was marked as such.  If any mods want to chime in, I'm all ears.~~  
+
+~~Second, before people start screaming scam because this is an address they aren't familiar with yet, please realize there are no new co1ns associated with this address that anybody could even scam with and my hypothesis is that this is simply acting as some kind of wallet were the funds to back each share is being passed through.  I don't know how they are using the money, but the total amount that has now passed through the wallet is enough to represent all the outstanding shares at a value of $0.001 each, $77,785.146902 in total and I've been told there are [76.9mil shares](https://www.reddit.com/r/Superstonk/comments/ow880o/10k_more_just_transferred_through_the_ethereum/h7fiq5q/?context=3)(thank you /u/catsinbranches).  So enough to represent all the shares plus some, maybe the excess is for gas fees, I'm not sure but this latest transaction has my tits jacked.
+~~
+~~Third, how is this address related to the original 0x1337 address?  Check out the  the Loopring: Exchange v2 transaction for 19 in the list: https://etherscan.io/tx/0xc5955675b307f711370bc175dd2f9b270e16c6c03c2e14d1bba7a357903afbe8#internal.  If you go into it's 'Internal Txns' the *to* address [0x850aa0b86B8aa76b95CeF283bCb2E7c008C7202b](https://etherscan.io/address/0x850aa0b86B8aa76b95CeF283bCb2E7c008C7202b) is one of the 3 owners of the 0x1337 address on the nft.gamestop.com site, which I will show below.~~   
+
+~~This is the transaction that added 0x850aa0b86B8aa76b95CeF283bCb2E7c008C7202b as an owner of the 0x1337 address: https://etherscan.io/tx/0x75d86673e6763e60d6e4c0e4b8577c861fb9b9b0e89563890cd276883f169ca3#eventlog.~~  
+
+~~As stated in my previous thread, this is still speculative, but each transaction has only proved the hypothesis to potentially be true.  And if any mods decide to debunk this thread, please state why, as there was no such courtesy on my previous thread and is unjust IMO.~~
+
+Transactions:
+
+|date|amount|
+:--|--:|
+|8/05/21|19,994.098482|
+|8/02/21|9,996.27069|
+|7/28/21|5,084.306187|
+|7/15/21|3,374.754044|
+|7/15/21|19|
+|6/27/21|7,173.55795|
+|6/23/21|10,594.888128|
+|4/26/21|21,548.271421|
+|total|77,785.146902|  
+
+~~Thanks to u/m4ttyn1ce, /u/968Driver, /u/civil1, /u/Jagsfreak, and /u/moronthisatnine for all being on top of the address and giving me a heads up of the latest transfer!  Tits jacked!  
+~~
+~~edit:  I just noticed that the total amount passed through is $77.7, triple 7s.  I'm feeling lucky, how about you Ken?  
+edit 2:  [This comment](https://www.reddit.com/r/Superstonk/comments/oyv5q1/199k_transferred_through_the_ethereum_address/?) by u/runecr4fter relating to the triple 7s just got me even more jacked! https://twitter.com/0xfoobar/status/1423001524343508996   
+edit 3:  u/m4ttyn1ce pointed out [here](https://reddit.com/r/Superstonk/comments/oyv5q1/_/h7xihqb/?context=1) that the final transaction was at 4:20pm Central time, which is GameStop HQ's time zone~~
+Perhaps it's just me, but I've been noticing a lot of comments and posts lately from people who really don't get what FI/RE is, or what it's supposed to be about. Maybe we've just got an influx of new users or something, but I wanted to make a post to clear a few things up.
+
+* First of all, FIRE **is not** limited to just the [MMM](https://www.mrmoneymustache.com/)/[ERE](https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Independence/dp/145360121X) style, lean FIRE approach. Yes, getting super frugal and saving 75% of your take home so you can retire before 30 is **one** way to achieve FIRE. But it is not the only way. There are plenty of other approaches to this and plenty of reasons for why some people favor those approaches. 
+
+* Second, FIRE **is not** limited to just people who retire before 30/35/40 or whatever imaginary cutoff you have in your head. I legitimately saw someone ask the other day if 55 was really "early" retirement. **Yes**, it emphatically is. An extra decade of your life outside of the workforce is *nothing* to scoff at. But really, FIRE isn't even limited to people who are retiring early. It's right there in the name "*Financial Independence* / Early Retirement". There are plenty of people in here who are doing this for reasons that have nothing to do with leaving the workforce before 65. 
+
+* Third, FIRE **does not mean** you can't have [insert your preferred hobby/luxury/indulgence here]. I like the way Paula Pant phrases it. You can afford *anything*, you just can't afford *everything*. A lot of FIRE involves making decisions about what *your* priorities are. For some people that's just time to sit and read. For others it might be restoring luxury automobiles. And if you're the person in the latter position, that doesn't mean you can't still pursue FIRE. It just means you have make the choices about just how much of a priority it is and what you're willing to give up for it.
+
+So, those are a few things that FIRE is not. If you're still confused about it, I would encourage you to take a look at the sidebar and read up on some of the resources there. But I would add one more thing to what you'll find in the sidebar:
+
+* FIRE **is** personal. It's about pursuing *your* goals and *your* priorities. Not Mr Money Mustache's, or Jacob Lund Fiskar's, or (FIREguy8452 25m | 73% SR | 4.5% FI)'s. Yours. So don't get too caught up in seeing a lot of people talking about how you're "supposed" to approach FIRE. Their road to achieving their goals is not yours, and vice versa. 
+
+Editing to add one because even though nobody's stated it explicitly, I seem to be seeing a lot of responses that assume it:
+
+* FIRE **does not** require that you make a 6 figure income. One of the casualties of the focus on super high savings rates and super short timelines is that it *really* discourages people with low, or even average, incomes from trying to pursue this lifestyle. Plenty of people come around here asking (or maybe not asking, maybe just lurking and wondering to themselves) "ok, I like the sound of this but how do I make it work on $40k a year", only to be met by a chorus of "you're not 'real FIRE' unless you're saving [percentage that would put their expenses below the poverty line]". When in reality they could still make a real impact on their life with a more modest (and yet still several times larger than the national average) savings rate. Ostracizing and excluding these people helps nobody. Not only are they worse off because they didn't get the help they were looking for. But *we* are worse off for losing their perspective too. I can practically guarantee you can learn more from someone making a 15-20%SR work on a teachers' salary than you can from someone making a 70%SR work on a programmer's salary.
+
+In honor of r/realestateinvesting hitting 500k members, let me share how I've made over $500k in the last 16 months (also coincidentally almost how long I've been a member of this sub, not that those are correlated facts, or are they?)
+
+​
+
+* [Chapter 1](https://www.reddit.com/r/realestateinvesting/comments/hdas2h/how_i_turned_54k_into_400k_in_8_months_deal/): Wherein I detailed the purchase, and Pre-Covid Numbers on my Mobile Home Park.
+* [Chapter 2](https://www.reddit.com/r/realestateinvesting/comments/kdz92w/how_i_turned_54k_into_400k_in_8_months_pt_ii/): Wherein I detailed how we were generating Non-Capitalized income by seller financing the mobile homes that came with our purchase.
+* Chapter 3: Where we are now.
+
+This last week we got our appraisal back from the appraiser and are now waiting for our Lender to fund the loan.  
+
+***The Grand Appraisal value: $1.3M.*** 
+
+Original purchase of $750k (and only 167k of my own money into the project)
+
+ROI: ***329% (Not including Tax Benefits)***
+
+​
+
+|Market Value Conclusions|"As Is"|
+|:-|:-|
+|Cost Approach|N/A|
+|Sales Comparison Approach|$1,090,000|
+|Income Approach:|$1,350,000|
+|**Land**|**$95,000\***|
+|Final Value Conclusion|$1,300,000|
+
+^(\*(Remember the Land number, we'll get back to it))
+
+Our Economic Occupancy has gone from 26% to 30%  That means we've netted about 7 new *paying* residents since we purchased. Not very impressive. But when we consider that fact that our turn-over rate is almost 50% we've added 37 new names to our Rent Rolls, Survived Covid-19 with 85% of our residents paying.  But and this is the key and how we are going to be ahead on stage 2 of our value add journey but we've now got 17 Almost Ready to be occupied Units.
+
+Where are our numbers at:
+
+​
+
+||2019 (2.5 Months)|2019 (annualized)|Thru June 2020|2020 YE|
+|:-|:-|:-|:-|:-|
+|Income|||||
+|\- Application Fees|$390|$1,872|$2,015|$2,795|
+|\- Utility Connection Fees|$450|$2,160|$650|$950|
+|\- 3rd Party Electric|$447|$2,146|$13,697|$31,588|
+|\- Late Fees|$230|$1,104|$900|$2,430|
+|\- Cash Home Sale||||$2,550|
+|\- Lot Rent|$31,343|$150,446|$103,677|$213,867|
+|\- Misc Inc|$656|$3,149|$1,998|$3,894|
+|\- Pet Fees|$167|$802|$1,183|$2,438|
+|\- RTO Payments|$1,100|$5,280|$9,950|$24,975|
+|\- 3rd Party Water|$1,325|$6,360|$13,017|$31,420|
+|***= Gross Income***|***$40,393***|***$193,886***|***$140,844******^((2))***|***$310,754******^((2))***|
+|Expenses|||||
+|\- Bank Fees|$153|$734|$302|$327|
+|\- Car & Truck|$1,095|$5,256|$445|$1,579|
+|\- Contractors|$0||$51,757|$0 ^((3))|
+|\- Dues & Memberships|$100|$100^((1))|$499|$499|
+|\- Insurance|$2035|$2035^((1))|$2,366|$5,740|
+|\- Interest|$13,164|$63,187|$40,809|$77,009|
+|\- Legal Fees|$1,258|$6,038|$4,240|$5,140|
+|\- Meals|$320|$320^((1))|$150|$150|
+|\- Office Labor|$3,594|$17,251|(re-categorized)|$18,667|
+|\- Office Supply/Software|$863|$4,142|$5,410|$10,133|
+|\- Background Check|$390|$1,872|$1,515|$2,134|
+|\- Security|$179|$859|(re-categorized)|(re-categorized)|
+|\- Property Tax|$10,615|$10,615||$19,732|
+|\- Home Purchases|$600|$600^((1))|||
+|\- R&M|$706|$3,389|$5,410|$14,053|
+|\-R&M Labor|$11,892|$57,082|(re-categorized)|$23,113|
+|\- Trash|$620|$2,976|$2,245|$5,849|
+|\- Electric|$2,586|$12,413|$23,711|$51,747|
+|\- Water|$10,268|$49,286|$20,128|$43,802|
+|\- Gas|||$4,878|$5,533|
+|= OP EX|$60,434|$238,155|$166,826|$288,783|
+|***NOI***|***$-20,023***|***$-44,269***|***$-25,982***|***$21,971***|
+|Amort|$2,292|2292^((1))||Not Factored Yet|
+|Depreciation|$135,506|135,506^((1))||Not Factored Yet|
+|CapEx Spend|$14,490|14,490^((1))|$52,266|$115,514|
+|***Net Income***|***$-172,311***|***$-196,557***|***$-78,248***|***-$93,542***|
+
+1. ^(Not an annualizable cost)
+2. ^(There's a miscategorized $6,255 purchase in there, for all you math nerds)
+3.  ^(Re-Categorized properly)
+4. ^(Math won't all add up as there were some changes, and small expense not recorded here)
+
+​
+
+>***EDUCATION NOTES:***  
+>  
+>Operating Cap Rate = NOI/Valuation.  $21,971/$1,300,000 = 1.7%, wouldn't that be swell?  But we need to remember to add our Mortgage Payments, in this case our Interest Only Payments back to our NOI: $98,980 / $1.3M = 7.6%
+
+Where did our true value come from?  Definitely not adding 7 Paying Residents.  If that was the case, this property would be worth $50M and that would just be silly.  Our value came from the fact that we are valued at the Market Cap Rate of 7.6% instead of what we purchased at a 16% Cap.
+
+Here's the great thing about the appraisal, other than the valuation.  It valued the cost of our land at 1/4th what the tax appraisal currently values the land.  If we can win in our scheduled Tax Assessment case this week we could add \~15k in NOI, or about  $200k in valuation. (Told you we would get back the land!)
+
+**Stage 2 of our Value Add:** is to get our Rented Unit Count up to 90 which would bring our vacancy rate to 50%.  We've got 17 Almost Ready to rent because of Tenant Turn Over, and we've still got another 20 of our low hanging (easy to rehab) units to get rented up.  
+
+What does that do to our valuation? ^((Assume all other number remain unchanged))
+
+​
+
+|Gross Rent|$356,400|
+|:-|:-|
+|\- Op Ex|$288,783|
+|= NOI|$144,626|
+|/ .076 (cap rate)|$1.9M|
+
+The expenses won't stay they same and they won't be linear either, so it's vague number, without all the math, but in reality we expect it be closer to $2.1M and to take less than 6 Months.
+
+Our Astute Readers will realize that we have a huge cost/income imbalance in our charged vs collected utilities.  Currently:
+
+​
+
+||Expense|Income|Delta|
+|:-|:-|:-|:-|
+|Water|$43,802|$31,420|\-$12,382|
+|Electric|$51,747|$31,588|\-$20,159|
+|Trash|$5,849|$0|\-$5,849|
+||||\-$38,390|
+
+At a 7.6 Cap this $38,390 inefficiency is $505,132 in lost equity. Using some easy math we can see that we are losing about $640/yr per resident on these expense at 90 residents we expect that loss to be  $57,600/yr and actually worth $750k in lost valuation.
+
+Guess what **Stage 3** is projected to be?  We will be rebuilding our utilities at a cost of $250k to gain another $750k in valuation.  We expect to be starting the utility upgrades this summer.
+
+**Wrap-up.**
+
+When we get finished with Stage 3, and before transitioning to Stage 4 we expect our valuation to be upwards of $3M.  And none of this takes into the account that in the first 16 we've got almost 400k in tax losses. Which because I'm a Real Estate Professional, is  and has been an enormous benefit against the rest of my income.
+What is the model that predicts the behavior of a company that repeatedly goes bankrupt and gets bailed out by new creditors or by government grants? Print money like mad as a federally contracted institution. Everything they teach in University about economics is a sad joke. Technological advancement can't even occur in half of the market place because there is collusion keeping new technology out of the market. The concept of a free market is a joke. It's a lie to tell people who don't realize that manipulation and control is the name of the game.
+Interesting article on CNBC today highlighting Millennial savings habits & discussing a recent Merrill Study into the topic: http://www.cnbc.com/2017/05/23/heres-what-millennials-are-prioritizing-instead-of-retirement.html
+
+Of course take it with a pinch of salt (personally not a fan of the person they interviewed) but interesting to see FIRE on the front page of CNBC. Thoughts?
+
+Edit: The underlying survey makes for a much more interesting read than the CNBC article. https://www.merrilledge.com/report
+
+Edit2: Keep in mind survey methodology when reading: The survey consisted of 1,023 mass affluent ($50K-$250K) respondents the U.S
+Hello! Wanted to share my thoughts on Palantir ahead of its earnings next TUESDAY (Edit: sorry I got the day wrong in the title but the date 2/16 is correct). Lockup expiration is also 2/18*** (didn’t realize palantir was reporting before market open). Warning: long post ahead and TLDR at the bottom.
+
+**Palantir Business Overview**
+
+* In one sentence, Palantir creates **operating systems** that integrates vast amounts of data from an organization’s various data silos and allows users to build applications that drive better decision making
+* If that's confusing, no worries. The way I like to think of Palantir's software is that if Batman purchased the software from a company today for his supercomputer which aggregates data from thousands of sources and allows him to make intelligent decisions, that software would be from Palantir
+* The company has three main software platforms: **Gotham, Foundry, and Apollo**
+* **Gotham (government side)**
+   * Gotham is Palantir’s software offering primarily for defense and intelligence sectors, AKA governments
+   * Gotham is an end-to-end operating system that collects data from hundreds to millions of different sources and combines them onto one platform so users can manage operations
+   * Gotham is quickly becoming the de facto data solution across many US federal agencies and rumor has it that it was the software that helped track down Osama Bin Laden in 2011
+* **Foundry (commercial side)**
+   * Next up is Foundry, a platform that is geared towards the 6,000 businesses around the world with over $500 million in revenue
+   * Similar to Gotham, Foundry transforms the ways organizations operate by creating a central operating system for their data
+   * For example, one of Palantir’s customers is Skywise, an aviation platform that has become the central operating system for the airline industry
+* **Apollo (underlying infrastructure)**
+   * Apollo is the last piece of the Palantir puzzle, and you can think of it as the underlying infrastructure that Gotham and Foundry lie upon
+   * Apollo is a relatively new platform that Palantir introduced in order to more efficiently update the software that runs Gotham and Foundry, increasing the number of upgrades Palantir can manage across installations from an average of 20,000 per week in Q2 2019 to more than 41,000 per week in Q2 2020
+* The company has estimated its **total addressable market as $119 billion,** of which $63 billion is for the government side while $56 billion is for commercial side
+
+**The Palantir Business Model**
+
+* Known as **Forward Deployed Engineers or FDEs,** Palantir leverages their technical talent as support and sales as well and they are often sent to the front lines of the battlefield for Gotham or company for Foundry
+   * I believe that this in particular is what helped Palantir create a competitive moat in the government sector
+* While the FDEs are a differentiator, Palantir has also started to build out a **more traditional salesforce** in order to better target customers and explain the company’s value proposition but this salesforce currently only accounts for 3% of the company’s total headcount
+* Using both FDEs and a traditional salesforce, Palantir’s business model employs a 3 step process: acquire, expand, and scale
+* **Acquire**
+   * In the acquire step, Palantir provides a potential customer with a short-term pilot program at Palantir’s expense and therefore operate at a loss
+* **Expand**
+   * In the expand phase, Palantir seeks to understand the customer’s key challenges and ensure that its software delivers results
+* **Scale**
+   * The scale phase is where Palantir thrives. At this point, the customer is essentially using Palantir’s software for its operations and Palantir can also upsell to the customer by continually offering new services with minimal extra cost
+* To give you a sense of the numbers for each phase, In 2019, Palantir generated a total of $742.6 million in revenue, of which **$0.6 million** came from customers in the **Acquire** phase, **$176.3 million** from the **Expand** phase, and **$565.7** million from the **Scale** phase
+
+**The Bull Case**
+
+* **Section 2377**
+   * In 2016, Palantir sued the US Army in what’s known as Decision 2377
+   * To go into the history a little bit, in 1994, the Federal Streamlining Acquisition Act (FASA) was passed, which required that the federal government consider and acquire readily available, proven commercial services like Palantir’s rather than custom-developed solutions built by the government which has a reputation for spending inefficiently
+   * This rule was largely ignored until Palantir sued and won in court, and this was extremely important because it allowed Palantir to compete and win deals across all federal agencies, which greatly helps the company realize its total addressable market. Since then, Palantir's revenue from the US Army and US government has skyrocketed
+* **Sticky, Best-in-Class Product**
+   * Simply put, there is nothing that offers what Palantir is offering. Its technology is way beyond most of its competitors in terms of offering a premium operating system
+   * Palantir’s Gotham and Foundry often take more than a year to get fully up and running and the more it’s used, the more data in the system and the more time that has been spent by customers training employees on how to use the system
+   * Palantir’s platforms becomes incredibly expensive to switch out of not just in terms of money but also time, with customers saying replacing the system could take anywhere from 6 to 18 months
+   * To further prove this point, Palantir’s top 20 customers have been with the company for an average of 7 years and as of October 2020, 93% of revenue was generated by existing customers
+   * In addition to this, in the latest quarterly earnings, Palantir was selected out of 999 bids by the US Army for a 2-year $91 million contract to build AI and machine learning capabilities
+* **Positive Secular Trends and Growing, Achievable TAM**
+   * I think everyone at this point realizes that companies are going digital transformations and Palantir has spent $1.5 billion in the past 11 years creating innovative software that becomes increasingly powerful each day
+   * The company is at the right place at the right time with a total addressable market expected to grow into the few hundreds of billions of dollars in the next 5 years
+   * And with just about $1 billion dollars in revenue over the past 12 months, Palantir has less than 1% market share and has plenty of room for growth
+   * But perhaps most importantly, Palantir is creating a much more efficient business model with an improving tech product that will help the company achieve its TAM
+      * In the latest earnings call, management said that it plans to triple its salesforce headcount due to its recent success
+      * And among other improvements, the Apollo platform has helped the company greatly reduce the costs and time required to get a customer up and running
+   * Being able to better target customers and onboard them quickly while providing a best-in-class and sticky data platform points to a bright future for Palantir
+
+**The Bear Case**
+
+* **Double-Edged Business Model**
+   * While Palantir’s differentiated services and business model is one of the company’s key strengths, there are also several downsides as well
+   * First, due to the custom-built solutions Palantir offers, the company undergoes a costly and complicated minimum 6 month sales cycle that can often amount to nothing
+   * Second, even if a customer jumps on board, contracts are cancelable with a typical notice of 3-6 months
+   * Third, the deep history it has with customers results in a very top-heavy concentration
+      * As of the third quarter of 2020, the top 20 customers represented 61% of the company’s revenue, which notably is down from 73% from the year prior
+   * Lastly, the deal-by-deal nature of Palantir’s business model means that the sources of revenue are lumpy and hard to predict, which can be a cause of concern for investors
+* **Biden Administration and Negative Headline Risk**
+   * First, Peter Thiel was an outspoken supporter of Trump, who increased defense spending 5% a year while Obama decreased spending 3% a year.
+      * While I don’t think this will be a long-term issue, a Biden presidency does represent a potential decrease in defense budgets which could hinder Palantir’s growth with Gotham
+      * However, it is important to note that management during its latest earnings call did address this issue, stating that it has worked with many administrations across the world and doesn’t foresee this to be a problem
+   * Second, Palantir has been targeted by the media several times for giving the government too much power and the political and social environment in which the tide seems to be turning against tech could present Palantir with headaches in the future
+      * This risk is also further exacerbated by the fact that Palantir is 49.9999% owned by its co-founders, who are outspoken and strongly opinionated. Clear corporate governance risk.
+* **Tough Competition in Commercial Space**
+   * In my opinion the largest obstacle Palantir faces is its ability to execute in the commercial space
+   * Palantir offers an expensive, premium, custom-built end-to-end solution for clients, which is great for the government but not exactly what most businesses are looking for
+   * Instead, most large scale businesses have already invested heavily into their own systems and want to buy best-in-class piecemeal solutions from different tech companies
+   * Several notable businesses left Palantir from 2019 to 2020, including JP Morgan, Coca Cola, and American Express, and this decreased the customer count from 133 to 125
+   * However, one important thing to note is that in the latest earnings call, Palantir’s management openly addressed this issue and the company has already started to provide solutions that are modular, which means customers can take the individual solutions they want rather than adopting the entire Foundry system
+      * This also allows the company to offer different price points which may allow Palantir to be more competitive in the market
+      * Recent news of bringing on BP and IBM as clients could also be a sign that its Foundry business may be ready for mass adoption
+* **Lock-up Expiration**
+   * Because this is a short-term risk, I’m adding this as a bonus bearish reason
+   * Palantir went public through a direct listing on September 30, 2020, during which up to 20% of shares were available to trade (edit, thx for pointing this out!) for employees and stakeholders, (NOT all available shares outstanding)
+   * This remaining 80% (roughly 30-40% of shares outstanding) is available to trade starting February 18th when the lockup expires and this could lead to a flooding of shares being sold and at the very least, volatility caused by the uncertainty
+
+**Financials and Valuation**
+
+* **Starting off with the income statement,** the important things to note is that from 2018 to 2019, the company has grown revenue by about 25% while maintaining roughly the same amount in operating expenses, which speaks to the improved operational efficiency of the company
+   * The company has guided to $1.07 billion for the full year of 2020, which represents a 44% year over year increase and for a company with 1 billion in revenue, increasing revenue growth is a great sign
+   * Comparing Q3 2020 to Q3 2019, the company was able to increase average revenue per customer by 38% and grew commercial revenue by 35% and government revenue by 68%
+   * With all this said, one piece of concern in Palantir’s income statement is its net losses. The company has not been able to turn a profit in its entire history, but it did report positive adjusted operating income in its latest quarter when adjusted for stock based compensation
+* **Moving onto its latest cash flow statement,** what you mainly need to know is that the company has recently had a huge stock based compensation expense this past year due to the direct listing, so if you were to add that back, the company is essentially near break-even
+   * However, the company’s free cash flow (operating cash flow minus your capital expenditures) is negative, so the company still is clearly losing money although much less than even a year prior
+* **Lastly, Palantir has a great balance sheet**
+   * With $1.8 billion in cash and only $200mm in debt, the company is in a great position to fuel its future growth
+* **Regarding the company’s valuation,** while the company is growing nicely at 44% from 2019-2020, and is expected to grow 31% from 2020-2021 based on street estimates, it currently trades around a 45x NTM sales multiple depending on the day, which makes it one of the most expensive companies on the market
+   * The key question here is do you want to pay an extremely high premium for a company that does have a best-in-class software or wait for a better entry point?
+
+**What I’m Doing**
+
+* Personally, I can't justify Palantir's valuation, which may sound a little old-school but I think there are better opportunities out there
+* However, in the long-run I am bullish on the company and would buy on any major dips in the 20s (and teens if it somehow falls down to that)
+* I'm also closely monitoring what happens after earnings (2/16) and next week the lock-up expires on 2/19 so it'll be interesting to see what happens to the stock then
+
+**TLDR:** Palantir has a best-in-class, sticky data platform that it offers to both the government side (where it's pretty much a monopoly) and businesses (which is picking up steam with tweaks to the business model and a growing salesforce). Growing healthy top-line but unprofitable and trading at a higher valuation than almost all other software companies. I am holding off on buying for now but would welcome major dips as great buying opportunities.
+
+Edit: wow did not expect this to blow up! I’m pretty new to posting on Reddit and will continue to post my DD. Also thank you for some who called out anything incorrect in my research. Very helpful to get extra eyes on my research to make me a better investor as well. Thanks y’all!
+It's one thing to say that you believe crypto is the future, it's another to say it while looking at a consistently bleeding market. Many new investors have bought the ATH and are still holding on through these crazy times.
+
+When you're new to a market and you see your new investment down massively, it can be very disheartening, many will sell to get out and swear off of crypto entirely. I've already seen this a lot. There is so much FUD and as we can't predict the future, we all feel cautious.
+
+So I must give credit to those new investors, lets hope we see some more green on the charts soon.
+Please don’t attack me. Really. I’m embarrassed, struggling, and asking for sound advice.
+
+My husband and I married at 19. We’re 46 now. We’ve no kids. My husband’s been an RN 21 years at his hospital. I received my bachelor’s in political science in 2002. 
+
+Here’s where I anticipate judgement: I have treatment-resistant depression. 12 years being beaten before being taken into foster care resulted in brain changes for me which I’ve struggled with my entire life. I know, *everyone* says they’re depressed these days. I get it. I’ve been taking meds and trying every form of treatment since 1988. My brain has made living…tough.     
+
+This is a subject I’m very private about. All I can say is I’ve done my best. Never tried alcohol or drugs, didn’t have kids so I wouldn’t hurt them, dragged myself through college and have always lived frugally. 
+
+My husband and I have an old school division of labor. I budget, pay bills, handle all business, cook, clean and run errands. He works and has no other responsibilities. This has worked for us for 28 years, with neither of us feeling we got the short end of the stick. We play to our strengths; where I’m weak, he’s strong, and vice versa. 
+
+Here’s my problem: my husband has a disease which means he will likely need to retire within the next 5 years. I need to be able to provide for us for the rest of our lives. It feels hopeless to me. I’m a 46 year-old woman with no work history the last 28 years. I graduated Summa Cum Laude in 2002, but because that was near 20 years ago, I’m not sure my BA will get me into any master’s program today. 
+
+I’m open to anything from trades to bachelor’s/master’s degrees. I’m reasonably smart, detail-oriented and willing to consider any type of career. Nothing’s beneath me. I’ve been out of the world for so long that I don’t know what the realistic, most cost-effective, best-paying options would be for someone in my unusual circumstance.     
+
+I see young people venting about employers asking why they were unemployed for *one month*. I read that not having social media is a problem for employers. I’ve *never* existed on social media: not My Space, Facebook, Instagram or Twitter. Not ever. 
+
+My husband needs me to take care of him now. He has busted his arse all his life. I have to find a career which is likely to pay well enough to keep him secure,  and one that’ll realistically hire a woman my age with no work history. 
+
+I’ve considered a master’s in social work, public health, education and accounting, but it takes so long and is so expensive now. I would consider any trade, but don’t think it’s practical to begin a physically demanding job at 50, y’know?    
+
+I appreciate advice on how best I can provide for the kindest, most supportive person I’ve known in this life. I’m confused, humiliated, afraid and trying to find solutions. I don’t want to let him down.
+
+EDIT: I never anticipated the support so many would offer me. I thought I’d hear from a handful, at best. I’ve spent the last three hours responding to every single person before I noticed 76 messages. I will respond to all those messages because you’re kind enough to offer help, and I appreciate your ideas. But it’s been hours and it’s late. I’ll finish tomorrow. I’m truly moved by your compassion and grateful for your good ideas.
+The main page keeps getting hit with [posts like this](https://www.reddit.com/r/Superstonk/comments/pa4bt2/daily_reverse_repo_update_0823_1135697b_new_record), but I have no idea what this new increasing trend actually means.
+
+All I know for sure is it **is** a new trend that is substantially different than historical comparisons, but beyond that, I don't know what it could mean.
+
+The self-ascribed apes of WSB claim that it signals (1) an impending economic disaster, and (2) that GME shares will somehow be worth 7 figures each. 
+
+I've tried looking for any explanation or insight as to what this growing reverse repo trend may mean, but the only people actively talking about it are an obviously untrustworthy source. I'd appreciate someone else helping me better understand this trajectory.
+> Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities.
+
+> The Shanghai Composite index closed down 2.9 percent at 2,486.42, after hitting its lowest point since November 2014 on Thursday morning.
+
+https://www.cnbc.com/2018/10/18/china-stocks-plunge-amidheavy-selling-in-the-energy-sector-and-growing-worries-about-the-economy.html
+https://finance.yahoo.com/news/fed-cant-stock-market-wants-181552901.html
+
+I recently read this article and it talks about wage inflation and how it is affecting inflation. The article states that it is seen as the biggest driver of inflation.
+
+https://youtube.com/watch?v=30_H33mS76Y&feature=share
+
+I recently saw this viral clip of Katie Porter and during a congressional hearing, she states the corporate profits are at an all time high. She states that this is the biggest driver of inflation.
+
+So is wage inflation the main driver or is it corporate profit? Or is it something different? Is it even possible in a functioning economy to not have one happening without the other?
+I recently changed jobs and need to move my IRA from my old job into my new job’s 401(k). According to “smart” financial experts, a 401(k) rollover is essential to financing a comfortable retirement. So it should be simple right?
+
+Wrong! To start I had to send a paper form by mail to Nebraska. Snail mail, not email. This was back in December. A month later I got an email (which apparently TD Ameritrade is selective about using) saying I needed to send them a copy of a signature page and my driver’s license in order to validate. This was done in early January.
+
+I still do not have my rollover check. Every time I email they say to call. Every time I try to call, I get to be stuck on hold for 1-3 hours because of “higher than normal call volume” because TD Ameritrade does not have more than one phone operator and I don’t have other work responsibilities that will allow me to wait for them.
+
+It is 2021. There is no need to fight with the mail or a phone line to do an operation that can be done in 15 minutes on the Internet. 
+
+I should have just taken the 10% penalty and be done with it.
+I’ll make it easy for you. Here’s a list of things you need to do to take 50% of Trading212 customers:
+
+# 1 – Understand that your new to be customers want to trade US stocks.
+
+This is something that Trading212 understands and they offer **more US stocks than you**. Shame on you. 
+
+**Do you not like money?**
+
+
+# 2 - Allow people to login to your platform when the NYSE is open.
+
+This might sound obvious but it’s not something Trading212 has been able to do. So if you can do this, you are on your way.
+
+# 3 – For UK users – OFFER ISA & LISA ACCOUNTS
+
+This is also something Trading212 understands.
+
+Do not underestimate how conservative and savings oriented your future UK customers are. 
+
+Why don’t you offer at least a **Stocks & Shares ISA**? Do you really hate money that much?
+
+# 4 – For EU users – I don’t know, ask them, they are desperate and will take anything.
+
+This is also something Trading212 understands and they are taking your lunch. I’m getting the sense the folks at flatex AG are communists who hate money, in this case it’ll be great marketing. 
+
+# 5 – When in doubt copy the Americans.
+
+Look at Robinhood, no, not how slimey they are, look at how easy to use their mobile app is.
+
+Look at Thinkorswim, see how many features they have? Check their YouTube channel, see how many tutorials they have? 
+
+They offer:
+
+* Options
+
+* After hours
+
+* Professional charting tools, indicators and trackers
+
+* Level 2
+
+* No fees
+
+
+# 6 Keep your promises.
+
+
+This is something that Trading212 do not understand. Don’t be like Trading212. Respect your customers and you shall profit.
+
+
+___
+
+
+**flatex AG aka Degiro – PLEASE TAKE MY MONEY**
+
+
+___
+
+Quick Wikipedia search tells me Degiro was founded in 2008 so they have been around for 13 years but only launched its English-language platform in the United Kingdom on 11 June 2015.
+
+So it took Degiro 7 years to launch in the UK. Why Degiro? Why?
+
+1 million customers? Trading212 went from 400k to 1.4 million customers in one single year. C’mon!!!
+
+https://flatexdegiro.com/media/pages/investor-relations/news/d5d3bf51f2-1602948008/press_release_flatex_to_buy_degiro.pdf
+
+___
+
+#Let’s take a look at the UK market, it’s dominated by dinosaurs charging 1990s fees.
+
+___
+
+# Enter Trading212 with an unstable platform that doesn’t even allow their users to log in.
+
+# Trading212 is so overwhelmed with demand they had to shutdown and can’t take on new users.
+
+# Quick look at Trading212 growth in the last 12 months.
+
+* 250% clients growth. From 400k to 1.4m users.
+
+* 5300% AUM growth. From £50M to £2.7B.
+
+* 2000% Daily active user growth. From 28k to 600k.
+
+* 30k new funded accounts per day.
+
+https://community.trading212.com/t/our-growth-in-just-12-months/46209
+
+# That’s INSANE GROWTH by any measures. How much do you HATE MONEY???
+Remember that tweet Cohen sent from a Gamestop right by SEC headquarters? I think it was a hint. Cohen was letting us know that he's doing this the right way.  
+
+The citadel owned media has been pumping out story after story calling the illegal naked shorters victims and saying that Redditors are a hivemind who are manipulating the market. Anyone who has been here for two seconds knows this isn't true. We just think this stock has great long term promise and there is a lot of evidence of naked shorting and hidden shorting. It isn't illegal in any stretch of the word to invest on that.  
+
+But what about your family? What about your neighbors? They don't know anything except what the news will say when this goes down. Cohen is talking to the SEC to do this right.  
+
+Would we have loved an untrimmed vote count? Obviously. Do we want a crypto dividend rushed out? Many do.  
+
+But think. What will happen if they convince the world that this is a predatory group that victimized legit investors?  
+
+Ryan Cohen is making sure we get the money owed to us for believing in the company.
+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/wsNDGTf5QH)
+Nykaa and Policybazaar are not effectively getting listed but it is their parent companies that are getting listed. Why are the operating companies that also show the brand are not getting listed?
+
+The prospectus might say the funds raised would be injected into these subsidiaries for xyz reasons but I don’t understand why not get these subsidiaries on the stock exchange.
+
+Am I missing something here?
+Hi ladies and gents,
+
+I come to you seeking advice. Throwaway for anonymity.
+
+​
+
+My wife and I had FIRE as a goal since we started dating 10 years ago making very little money(combined 80K in NYC).
+
+​
+
+We currently make about 500K from w2 working in tech/finance(300 from me and 200 from her).   I also consult for some friends businesses on the side (about 50K).
+
+We THOUGHT we were sitting at a combined 1.5M between stocks, crypto and reits and other investment, and were well on our way to our 4M goal.
+
+We found out very recently that her parents created a trust for her brother and her way back when.
+
+We now have an extra 3.5M sitting in a trust. NO we haven't told anyone , just you reading this ;).
+
+So now... we're at 5M with no debt, wayyy ahead of schedule. We're both 31 now, planning on starting a family and potentially getting a house in suburbia, and now we're befuddled as to what to do.
+
+Existential crisis is hitting full on.
+
+We're still quite frugal, so it's strange to be at our goal and not feel like we've earned it, since we literally didn't.  We didn't really plan  on retiring until the age of 36-40ish.
+
+One thing I've noticed is that it's hard to NOT be frugal even though we have some wealth. Also It feels weird keeping it a secret, I feel obliged to help family and friends that aren't doing so well, but we've held back.
+
+​
+
+What the hell do we do now?
+
+1. Keep our corporate gigs and continue the grind? We've both sort of lost motivation for our jobs since finding out. On the positive side our jobs are both remote flexible in the US timezone.
+2. Retire and travel the world before baby?
+3. Go on a sabbatical and travel the work before baby, and continue the corporate grind once returned?
+4. 2 above +  open up /buy a business we're passionate about? (coffee shop, art thing, gym).
+5. Retire but continue consulting?
+6. ???
+
+Any advice or any opinions on the above options?  .
+
+EDIT: MY goodness! This got way more attention that I expected. Thank you thank thank you for all the thoughtful responses and interesting perspectives! Very eye opening and valuable food for thought in here, y'all rock.
+
+Conclusions / Themes:
+
+1. For sure going to scratch the Wanderlust Itch - once everything went remote  we kicked it off with a drive across the US
+2. Time is ephemeral and should be spent wisely with or without babies
+3. We're not going to throw away our careers until we've had time to reflect, or until we actually hate working which currently we don't.
+4. YES, technically she's FI and I'm not, but she likes to spoil me :p
+5. 10M is the new 5M LOL
+
+​
+Hi Reddit, 
+
+I am seeking wisdom on the best route toward financial stability and my own sanity/peace.
+
+I’m currently living in my father’s basement. I have a space for my bed and my music equipment. I have access to a bathroom and a closet. I have no access to a kitchen. The rest of the basement is filthy and littered with his belongings that he wants to go through before I would throw anything out. I have tried getting the ball rolling with cleaning up but he keeps putting everything back down there. My relationship with him is toxic. We do nothing but yell and bicker at each other. He treats me like I am his servant. I pay $400 a month. I have asked to renovate the basement (with my own money) and he has denied it.
+
+I am 24 years old. I have a temporary position that pays $2600 a month. I have $7000 saved. I have an apartment on hold from the market for me. The rent would be $1183. I would have to pay for gas/electric, internet, and my phone. I also have to pay for public transportation and food, etc. The position I currently hold seems like I will be a permanent hire but there is no guarantee. I don’t make a lot of money but I can for survival into the budget.
+
+I am unsure of whether or not I should lose my mind, suffer mentally, and save money living under his tyranny or if I should become independent and free while suffering financially.
+
+Not every detail is included here, I wanted to be somewhat brief. Reddit, what should I do?
+I have literally been holding these coins for 10 years 10 fvvvking years. Do you know the emotional toll it puts on a person to hold through three bear markets!? DO YOU UNDERSTAND THE COST???????
+
+For new bitcoiners & pre-coiners:
+
+Don't feel bad for not understanding bitcoin immediately, it takes a long time. 
+
+You're not late. Everyone including myself felt late. It is still e-a-r-l-y.
+
+HINDSIGHT IS 20/20. The best time to plant a tree was 20 years ago. The second best time is now. Seize the day and it's time to go all in. This asset is now de-risked and a 10000000 times better buy now than back in 2011 from a risk adjusted perspective.
+
+I've watched this god damn internet project grow from literally being mocked 24/7 including by holders and now it's being adopted as a treasury reserve asset by Publicly listed companies. It has already won. The risk is gone.
+
+Buy bitcoin now and front-run every public and privately listed corporation, and every nation states that wants to stay relevant in the 21st century too.
+
+The educational material is awesome nowadays. I have been studying bitcoin 5+ hours a day for the past 2.5 years and every week I learn something new about bitcoin and how money works and realise how ignorant I was before.
+
+First buy Bitcoin. Second invest in yourself through education. Investing in educating yourself will quell any anxiety around holding such a large % of capital in Bitcoin.
+
+HODL does not stand for "hold on for dear life". That's dumb.
+
+HODL is from a drunk misspelling from a post on the bitcoin talk forum about the price crashing and a dude's girlfriend out at a lesbian bar.
+
+Open to answering questions.
+
+Peace.
+
+========================
+edit: OKAY I HAVE ADDED THIS SECTION DUE TO REQUESTS.
+
+HERE ARE MY RECOMMENDED TO GET A NEWBIE UP TO SPEED AS QUICKLY AS POSSIBLE.
+
+BITCOIN IS A DEEP RABBIT HOLE, AND THIS LIST IS SUBJECTIVE TO MY PERSONAL TASTES.
+
+SHOUT-OUT AND GRATITUDE TO ALL THE BITCOIN CONTENT CREATORS ON AND OFF THIS LIST. YOU HAVE ALL HELPED ME ON MY JOURNEY TO WHATEVER UNDERSTANDING I CURRENTLY HAVE.
+
+LIST:
+
+========================
+
+STOCK TO FLOW MODEL
+
+1. [SLP67 Plan B (@100trillionUSD) - Modelling Bitcoin’s digital scarcity through stock-to-flow techniq]
+https://www.youtube.com/watch?v=nwCKCTIujtU
+
+2. [SLP86 PlanB - Frontrunning the Bitcoin Halvening?]
+https://www.youtube.com/watch?v=-FsGZqLQlXk
+
+3. [Original Article: Modeling Bitcoin's Value with Scarcity]
+https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
+
+4. [SLP171 planB & Saifedean - Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset]
+"Video" - https://www.youtube.com/watch?v=j2cP8k_QUaw
+"Text" - https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12
+
+========================
+
+BITCOIN TINA - GENERAL THOUGHTS ON BITCOIN
+
+1. [BitcoinTina on Bitcoin Part 1]
+https://www.youtube.com/watch?v=BIvKRxS1hZw
+
+2. [BitcoinTina on Bitcoin Part 2: How to value Bitcoin and think about “SoV]
+https://www.youtube.com/watch?v=DHHUKx3YCJI
+
+3. [BitcoinTina on Bitcoin Part 3: How to Think about Investing in Bitcoin]
+https://www.youtube.com/watch?v=wynJyqYZmOA
+
+4. [Bitcoin Magazine is proud to present BitcoinTina on Bitcoin Part 4: The Path to 100 Trillion USD]
+https://www.youtube.com/watch?v=doxZ2qfns6I
+
+5. [#138: BitcoinTINA "The Perfect Storm"]
+https://www.youtube.com/watch?v=ijM0IyEw2ME
+
+6. [The Hardest Trade: BitcoinTina on Bitcoin]
+https://www.youtube.com/watch?v=sysmJAONaE0
+
+========================
+
+ESSENTIAL READING/LISTENING
+
+1.  The Bullish Case for Bitcoin
+"Text" - https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
+"Audio" - https://www.youtube.com/watch?v=fkmEfNNGMm8
+
+2. The Bitcoin Standard (Book)
+"Text" - [Buy in real life, or download for free from "1lib.eu"]
+"Audio" - [Download from Torrents, Audible]
+
+3. Everyone's a Scammer
+"Text" - [https://nakamotoinstitute.org/mempool/everyones-a-scammer/]
+"Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8
+
+4. Hyperbitcoinization
+[https://nakamotoinstitute.org/mempool/hyperbitcoinization/]
+
+5. Hyperbitcoinization: Winner Takes All
+[https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f]
+
+6. Masters and Slaves of Money
+"Text" - https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f
+"Related Audio podcast" - https://www.youtube.com/watch?v=T2OQweB7UHU
+
+7. Bitcoin Obsoletes All Other Money
+"Text" - https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/
+"Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1
+
+8. [The Great Monetary Inflation: Paul Tudor Jones Newsletter to Investors (Look up who this guy is + print out & read twice)]
+https://www.docdroid.net/H1fuimX/the-great-monetary-inflation-pdf
+
+9. [SLP115 Trace Mayer - Bitcoin as Ultimate Collateral]
+"Audio" - https://www.youtube.com/watch?v=KrzgMJZvA1U
+
+10. [SLP181 Preston Pysh Bitcoin as Numeraire]
+"Audio" - https://www.youtube.com/watch?v=cDlQe68CdXQ
+
+11. The 10,000 year view of Cryptocurrency
+"Link" - https://woobull.com/the-10-000-year-view-of-cryptocurrency/
+
+12. When is the right time to rebalance Bitcoin allocation in your portfolio after large gains (it's not)
+"Text" - https://woobull.com/on-portfolio-rebalancing/
+
+
+========================
+
+Corporate Adoption of Bitcoin
+
+1. Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet
+"Audio" - https://www.youtube.com/watch?v=WrR95PFYDFQ&t=10s
+
+2. Chat #47 - Magic Gold with Michael Saylor
+"Audio" - https://anchor.fm/thecryptoconomy/episodes/Chat-47---Magic-Gold-with-Michael-Saylor-ejrbld
+
+3. BTC005: Bitcoin & Michael Saylor - A Masterclass in Economic Calculation (Conversation about real inflation)
+https://www.youtube.com/watch?v=jwgOVPJ2FnU
+
+4. Bitcoin Masterclass with Michael Saylor and Ross Stevens
+https://www.youtube.com/watch?v=B2I0FB2Wn50
+
+
+========================
+
+MACRO VIEW ON BITCOIN
+
+1. Bitcoin , Gold, and The Future of Macro Investing (w/ Dan Tapiero)
+"Video" - https://www.youtube.com/watch?v=BtjziNDqC4E
+
+
+========================
+
+STRUCTURED COURSE
+
+1. The "What is Money?" Show - Robert Breedlove + Michael Saylor [ESSENTIAL VIEWING CONTENT 9 EPISODES] !!!!!
+https://www.youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0
+
+2. MIT Open Blockchain & Money Course [LECTURER IS CURRENTLY HEAD OF SEC]
+https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/
+
+
+========================
+
+TOP OVERALL RESOURCES
+
+1. Jameson Lopp - Bitcoin Information & Resources
+https://www.lopp.net/bitcoin-information.html
+
+2. Bitcoin Resources Page
+https://bitcoin-resources.com/
+
+3. Satoshi Nakamoto Institute
+https://nakamotoinstitute.org/
+
+4. Bitcoin Only
+https://bitcoin-only.com/
+
+5. Parker Lewis - Read/Listen to Everything
+https://unchained-capital.com/blog/author/plewis/
+
+6. Andreas Antonop
+https://www.youtube.com/user/aantonop
+
+
+========================
+
+CHARTS/DATA
+
+1.  Digitalik
+https://digitalik.net/btc/
+
+2. Willy Woo - Woonomics
+http://charts.woobull.com/
+
+3. DCA/BTC (Interactive chart to play around with illustrating the power of "Dollar Cost Averaging"
+"Link" - https://dcabtc.com/
+
+4. Bitcoin Treasuries
+https://bitcointreasuries.org/
+
+5. Mempool - Visualization of Data
+https://mempool.space/
+
+5. WhatTheFee.io - bitcoin fee-rate estimation
+https://whatthefee.io/
+
+6. Store of Time
+https://storeoftime.com/
+
+========================
+
+BITCOIN PODCASTS
+
+I use the mobile app - "Podcast Addict". 
+Alternatively "Antenna Pod" is a good open source alternative.
+
+1. Stephen Livera Podcast (Start from Ep 1)
+
+2. Noded (Start from Ep 1)
+
+3. Bitcoin Audible
+
+4. Tales from the Crypt (Start from Ep 1) (shout out to Marty & Matt)
+
+5. Citizen Bitcoin
+
+6. Bitcoin Knowledge Podcast
+
+7. Swan Signal
+
+8. We Study Billionaires (Bitcoin Fundamentals BTC001-BTCXXX)
+
+9. The Bitcoin Standard Podcast
+
+10. What is Money Podcast
+
+There are lots of high quality Bitcoin podcasts out there. These are the ones I like. If one of these does not suit your tastes, try another.
+
+
+========================
+
+SOFTWARE WALLETS
+RECOMMENDED COMPUTER WALLETS
+
+1. Wasabi wallet
+https://www.wasabiwallet.io/
+2. Electrum
+https://electrum.org/#home
+
+RECOMMENDED MOBILE PHONE WALLETS
+
+1. Green Wallet
+https://blockstream.com/green/
+
+========================
+
+HARDWARE WALLETS
+
+1. Coldcard Mk3 (less user friendly, more expensive, more features, more secure)
+https://coldcardwallet.com/
+
+2. Ledger Nano S
+https://shop.ledger.com/products/ledger-nano-s
+
+
+========================
+
+
+RELEVANT BOOKS & READING MATERIAL
+
+Buy the real book, or download free from "https://1lib.eu/" or torrents.
+
+1. The Bitcoin Standard - Saifedean Ammous
+
+2. The Ethics of Money Production - Jörg Guido Hülsmann 
+
+3. What Has Government Done to Our Money - Murray N. Rothbard
+
+4. Inventing Bitcoin - Yan Pritzker
+
+5. Grokking Bitcoin - Rosenbaum, Kalle & Yan Pritzker
+
+6. The Sovereign Individual - Davidson & Rees-Mogg <<<< READ THIS BOOK! YOU CAN NOW TORRENT THE AUDIOBOOK >>>>
+
+7. Sovereignty Through Mathematics - Knut Svanholm
+
+INTERACT & FOLLOW REAL LIFE BITCOINERS WHO ARE ACTIVE ON TWITTER
+
+1. Hive.One - This site ranks bitcoin twitter thought leaders: https://hive.one/
+[Estimated sea water level in 2040.](https://i.imgur.com/PmjDcxi.png)
+
+A lot of sources are claiming the sea water level of Mumbai and the rest of the world would rise dramatically. Keeping that in mind, is it advisable to invest in property in a city like Pune cause a lot of businesses and people would consider moving to Pune (in my opinion). What do you all think?
+I am trying to talk about a simple basic service that many of us have no clue on how to structure properly or don’t have the time  . I have banked across PSU / Private / Foreign banks in India , and US and Singapore . Here is the lesson I have learnt from it 
+
+In the intervening period I have had faced the following : 
+
+1. Been subject to demat fraud 
+2. Credit card fraud in India 
+3. Debit card fraud in India 
+4. Special card offers that aren’t that special 
+5. Mis selling by bank employees
+6. Cards being used in foreign countries out of the blue  
+7. Forex cards not working in foreign countries 
+8. Cards being blocked as soon as I have tried to use them in a foreign land . 
+9. Atrocious charges hitting me out of the blue as I am quietly upgraded 
+
+I mean I can go on , but the list is long . It’s taken me 3 painful years to resort things to address utility , convenience and risk .
+
+1. I have segregated income , expenditure and savings . 
+
+2. All earned income goes into a joint account between me and my spouse with a private bank . It has a debit card and no loans demat or any cards attached . 
+
+3. There are only 2 -3 transactions a month from the income account . One to the expenditure account and one to the savings account and one for any donation that might occur.
+
+4. The expenditure saving account is with another bank which has a saving , loan , credit and debit cards for me and spouse . All expenditure , card transactions are made here. All premiums and expenses are paid here .
+
+
+5. The investment account only has a savings and demat / online trading ac and can also access US/ Singapore funds . No transactions except savings .
+
+Segregating all three has given me a lot of relief . It has made my CA life a bit complicated but essentially I have 
+
+A. The bank that has my loans / cards has no assets.
+
+B. The bank that has my assets has no liabilities and provides services in US and Singapore . All I need to do is maintain my balance here and I have zero balance requirements there 
+
+C. The bank where salary gets credit has no assets / no liabilities . Just two
+Two transaction in and 3 out . 
+
+D. I make it a point to change / reissue cards for the expenditure bank ac every year , or if used abroad , on return to India 
+
+E. All three accounts  link to different numbers for otp transactions , no interdependence .
+
+In short I have found my formula to a peaceful banking  experience.
+
+The biggest mistake I used to make was rely on one bank .
+Even with the best of intentions, giving an Ethereum address in a publicly link-able way (like your Reddit username) is not a good idea.
+
+Even if you open a new account to have some ETH transferred to you, the moment you transfer the ETH to your other account, it will be trackable. And you know, blockchain never forgets.
+
+It means, with some digging, anybody can associate your main ETH account(s) with your Reddit username.
+
+At the very least, you can become targets of social engineering/phising/etc.. attacks.
+
+Just a warning. Stay safe.
+
+Edit: Glad that this took attention, hopefully it increases awareness.
+A redditor asked what to do if they already posted their address with their username.
+I'm no security expert but here is what I'd do:
+
+* Delete the comment immediately
+* If that was a newly generated address, don't make a transfer to another account.
+
+Edit2: A good practice if you absolutely must give your address publicly for example if you want to give your address for donations, etc.. make sure to keep it separate from all your other accounts. Later if you want to cash out, send that funds also to a separate address on an exchange.
+
+* If that was your main address or you already made a transfer to your main account:
+/u/CarrionCall gave some good general security tips on the last paragraph of his comment below. Have a look.
+Update: Will keep my 2 remaining wheels(45 DTE .3 delta) $MSFT and $F cash secured and won't use leverage at all, thank you all for your responses, I will break even, it will take some more time but I'll play it safe. I was Greedy, Misunderstood this video and paid the price https://www.tastytrade.com/shows/best-practices/episodes/calculating-portfolio-leverage-07-18-2016
+
+Hi Thetagang,
+
+I believe I panicked this Monday when I saw my sold NVDA / AAPL / MSFT PUTs deep in red (was supposed to wheel with margin, terrible idea), I was clearly overleveraged (10% away of a margin call, 3.5x notional leverage), timed the bottom perfectly and bought back most of my puts to stay at an appropriate margin level in the case of another 10% + drop right when it was rebounding (probably I bought back more than I should).
+
+Now looks like everything was not as bad as it seemed and is going back up, I'm having mixed thoughts about how to proceed:
+
+1. Use margin to start selling weekly PUTs and go back in to the positions I sold hoping to participate in the rebound, keep wheeling with margin (2.5x notional max - reach break even faster / more risk).
+
+2. Stay at or near cash only while wheeling (1.25x notional max - reach break even slower / less risk) .
+
+3. Accept that the stock market is not for me and cash out, put that money in a 10% PY fixed Certificate of Deposit (non US).
+
+I have some cash coming at the end of the month that should allow me to weather a 25% drop in these equities (can hold a 15% drop ATM), but I'm not sure if I am safe or exagerating stuff.
+
+Frankly I'm tired of the stock market and don't feel like looking at news / charts anytime soon, I'm fairly new here(1Y), I started using leverage around October, I've lost(realized) 25% of my account this month (10k), my portfolio is about 30% of my retirement money, won't be needing it soon but losing it will definitely hurt, no debt around.
+
+What would you do in my position?
+
+Thanks for your opinion guys, don't bash me too much please
+
+Edit: details
+This is more for Canada, as I am only familiar with the Canadian housing markets. To my understanding, a similar (but toned down) version of housing inflation is occurring in the United States.
+
+I understand that low interest rates tend to spur on investment in property. What I do not understand is what the government has to gain from this. In Canada, since the pandemic, regulators have erased legislation that prevented different risk tiers of mortgage backed securities for being pooled together. The Bank of Canada has bought billions in mortgage backed securities as well. This all indicates to me that the financial / monetary authorities that be are trying to soften the risk for lenders - which results in increasing prices for property.
+
+The government of Canada has responded not by making it harder to buy multiple properties with a tiered interest rate approach (like Singapore has). They hardly touched the CMHC's standards for housing insurance. Instead, they have doubled down to try to \*invest\* in housing - and have tried to create tax and equity incentives for first time home buyers to enter the market. In fact, every single one of their actions over the past 2 years has either directly, or indirectly, led to increased housing inflation.
+
+My question is why? It is very clear to me that the federal government, the Bank of Canada, provincial governments, and the various financial institutions throughout the country are encouraging investment in real estate. I'm just not understanding why, and was wondering if anyone could shed some light on this issue.
+Hey Economists
+
+I'm a 20 yo second-year student studying economics Bsc at a Russell Group (Top 10) uni in the UK. Most of my friends here are looking into investment banking as a career, with many of them securing internships at big investment banks. I don't really want to punch numbers and examine companies bottom lines, and the whole large corporate feel feels a little too uncanny for me.    
+
+Are there any economics graduate jobs out there that allow you to travel, meet new people, have different interesting days, while allowing you to earn an above-average salary? Or is that too good to be true?
+
+Thank you! Am a bit lost as to what to do with my degree.
+Seriously now wtf is wrong with this picture. Some of these senators should be retired, yet they are trying to literally ruin future generations. I would love to ask any of them what a blockchain is or what a satoshi is. These “politicians” do not need to be messing with something they don’t know shit about. 
+Thank you for coming to my pissed off TED talk.
+I recently had a conversation with my dad, a lifelong fiscal conservative opposed to the minimum wage, about Andrew Yang’s plan to instal UBI and, no surprise, he was against it. However, he said he would be for it if there was no minimum wage — his argument being that businesses would actually be incentivized to provide a competitive wage. 
+
+In theory, that makes some sort of sense, but I’m out of my grasp as to how that would actually play out in reality. This is obviously purely hypothetical as getting TO that point would be difficult, to say the least. But, if it were, what would be the potential effects?
+Couldn't we just be satisfied with current technology and production output as they are? I like my phone and i bought it 4 years ago, i don't feel like i need any phone that is fancier. If it dies, i would need just the same phone but a working one. My computer does what i want it to do, i don't need a more improved version of it. Same goes for many things in daily life.
+
+Though this will sound conspirationist, but i feel like most of this "growth pressure" is due to companies and their investors expecting and requiring higher and higher growth figures, for higher and higher profits. While in practical terms this adds nothing to the average joe's well being, and it is not even sustainable for the planet.
+
+So maybe i'm missing something out, maybe there are other reasons as to why we would want GDP/capita to always grow besides companies making higher and higher profits and financial markets going up?
+**Join the Telegram for 24/7 support -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew)
+
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+
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+
+\---------------------
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+
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+
+\---------------------
+
+**Achievements in first 48 Hours** 
+
+\---------------------
+
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+* **Approaching 5000 holders**
+* **Marketcap of over $9 Million**
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+
+​
+
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+
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+
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+
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+
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+
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+
+\---------------------
+
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+
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+
+**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257)
+
+\---------------------
+
+✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020
+
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+
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+
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+
+👌🏻 Ownership Renounced 👌🏻
+
+\---------------------
+
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+
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+
+**Please DYOR and this is not Financial Advice**
+Today on r/Dogecoin a user posted a video of himself: he sat in a chair, his head concealed by a pillow case, a black revolver pressed to his temple. He ranted about the lies surrounding Dogecoin and said he planned to kill himself. All I know is that he lived long enough to post the video. It was quickly removed by mods. 
+
+So, before you buy Dogecoin, you should know what you are getting. Here’s a short summary:
+
+Dogecoin has a huge supply. 129 billion coins. 10,000 coins are mined per minute. That’s 14 million new coins added to the supply every day, which adds up to about 1 billion coins added every eighty days. 
+
+Bitcoin has a maximum supply of 21 million coins. So, Dogecoin mints more coins every two days than Bitcoin will ever have in circulation. That’s why doge will never be priced like Bitcoin. And, in fact, at about $9 per Dogecoin, Dogecoin would equal Bitcoin in value. 
+
+Dogecoin has no real ecosystem to make it valuable. It is not fast: 33 transactions per second. ETH 2.0 can handle 100,000 per second. So Dogecoin can’t serve as a currency. It seems to have minimum dev work. And it’s fueled by people who think they are getting into doge early. If you buy now, you are not. Dogecoin is not the future of anything. 
+
+With Dogecoin, you are buying hype. 
+
+And hype might push Dogecoin to 69 cents. Maybe to $1...but there is zero reason for doge to hold that value. In fact, at $1 per Dogecoin, with 1 billion coins added every 80 days, doge would need $1 billion in new investment every few months JUST TO MAINTAIN $1.00 
+
+Also, be aware that $129 billion (doge at $1) is a huge market cap. That’s the same value as STARBUCKS. And doge has almost zero use-case scenarios. Sure you can buy some Mavs merch. Maybe find some occasional doge fans that accept it as payment. But doge can’t scale to be a currency. It’s too slow. 
+
+Doge, frankly, is way overpriced right now. And Doge is going to have trouble maintaining it’s value due to its always-expanding supply. If the hype falls off just a bit—doge will fall, too. And twitter’s algorithm is heavily weighted against repeat trends. You might make money with doge, but it is far from guaranteed, and there is a fairly hard ceiling due to doge’s constant supply. 
+
+If you buy doge, you are buying hype and Elon Musk tweet energy and nothing else. 
+
+Be careful.
+Parents bought an insurance from reliance nippon life insurance 10 years ago.
+
+Now as of today as per their customer care, they don't have our address, mobile number, email or any other information in their "system" and hasn't paid the maturity amount for the policy which has matured weeks ago.
+
+Just sharing my experience and grieving for losing hard-earned money of my parents', just because someone got greedy.
+
+Please protect your money from this insurance company.
+
+Thanks
+
+Edit: Took up the matter with higher ups of the company. Awaiting response. Will surely update here the outcome. Thank you all for your support/advices. Great community!
+I was down 105K from 559 to 454  2 months ago and right this minute im just nudging over 560. I'm 71 and i didnt even think id live long enough to ever see that level again.
+Elon has battled shorts for almost a decade. We all remember when he complained that shorting should be illegal, and when he released “short shorts” when he finally defeated them. 
+
+But guess who used to brag about shorting Tesla? Gabe 🌈🐻 Plotkin. 
+
+From [Bloomberg:](https://www.bloomberg.com./news/articles/2019-07-19/cohen-cub-gabriel-plotkin-sees-fund-surge-about-44-this-year)
+
+Plotkin described Melvin as “a very human-intensive place. We have a lot of analysts, we require a lot out of them.” The team has modeled more than 500 companies in “significant detail,” while a data science group reads into trends.
+He added that the firm has an “intense focus” on the short side, with about 70% of profits in Melvin’s first year coming from bearish bets. Plotkin expressed skepticism about mall real estate investment trusts, as well as electric-car maker Tesla Inc.
+
+$GME to the 🌚, then profits back to a safe store of value: $TSLA.
+
+UPDATE: [better source](https://fintel.io/so/us/tsla/melvin-capital-management-lp) showing Melvin Capital’s puts on TSLA from 2016 through 2020
+
+UPDATE 2: stop giving me silver awards your cheap bastards. Platinum or GTFU.
+
+UPDATE 3: [positions or ban. ](https://www.reddit.com/r/wallstreetbets/comments/l5s9ss/curious_why_papa_elon_is_shilling_gme_its_because/gkwauak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). You can check out my post history for all my plays to see how I over 10X my $500K from a year ago.
+
+Update 4: hi r/all, for those of you wondering what in the hell is going on with Gamestock, [this comment ](https://www.reddit.com/r/wallstreetbets/comments/l5s9ss/curious_why_papa_elon_is_shilling_gme_its_because/gkx1nd7/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) sums it up nicely.
+Notice how nothing happened ? Yeah me too stop hyping dates and upvoting useless people to the front page. Not one of us here knows when anything is going to happen. Our closest and best bet is when we DRS the float and even then there is no clear and accurate number on how many are actually drsed since the release from GameStop themselves. 
+
+I honestly feel like every time someone hypes a date it’s literally to kill a drs movement every single time. 
+
+TA;DR -Whenever  someone hypes a date drs even harder! Not financial advice just a firm believer in DRSING
+
+You don’t have to drs but it would be a lot cooler if you did. Thanks
+
+Edit: y’all are ridiculous for the awards
+ **Greetings Traders!**
+
+I bet you have heard of  С umrocket aka $Cummies if you don't it isn't too late to Hop on and here is why:
+
+* The Beta V2 18+ NFT Marketplace will launch in 13 Days 22 Hours 5x MinutesAnd this is the Last Goal in Q2!
+* They even released the World first 18+ VR NFT Gallery just out of nowhere!
+* Next week  Сumfarm will Launch! This will solve Liquidity Problems and will allow people to farm  Сummies!
+* We also got Mentioned by couple of Famous people | Elon, Bill Maher, Hypebeast, Forbes, Barstool Sports, CodyKo, JournalduGeek and many more!
+* Partnerd with over 50 Models & Creators Latest Partnerships Include Sophie Dee, Swedish Belle, Jayden Michele... and many more Partners& Creators are on the Enlisting Proccess
+* Enlistings on Bilaxy, Digifinex, 1inch, Cointiger
+
+Q3 will deliver the following :
+
+* Release our own private NSFW content platform where $ СUMMIES are used to tip creators, message and make special requests
+* Marketing campaign with free merch being sent to the early creators on the platform
+* Establish the СumRocket brand
+* Apply for more exchange listings (They already applied for Gateio & Kucoin)
+
+This Project is **delivering** one Big News after another !
+
+**The Team is fully Doxxed and the Brand Сumrocket is fully Incorporated!**
+
+They got in Contact with an Marketing Agency which will Provide solid Marketing Strategy's and improve the Content.
+
+# Tokenomics:
+
+* Total Supply: 9,607,499,039
+* Burned Tokens: 8,258,500,679
+* Circulating Supply: 1,348,998,360
+* Liquidity locked for 1year (10 more left)
+* Token Type: BEP-20 (BSC)
+* 💸 2,5% redistributed to holders.
+* 🔥 2,5% burnt.
+
+Сummies will be used as a Native Currency
+
+**NSFW Website features and Use case of Сummies:**
+
+* **TIP CREATORS** \- Tip creators СUMMIES on their profile! (tipping is purely in СUMMIES).
+* **PAY PER MESSAGE** \- Want to send a message with your tip to the creator? Go ahead and spend those СUMMIES sexting your favorite adult star!
+* **PROFILES** \- Creators will have their own dedicated profiles that will contain info about them, their social links and all the NFTs they made.
+* **A GREAT USER INTERFACE** \- A much easier and enjoyable experience - an aesthetically pleasing site that's user friendly, no more having to connect your wallet to view NFTs!
+* **VIEW NFTs IN YOUR WALLET** \- You won't even have to navigate to the site to view your NFTs, simply check them out in your wallet!
+* **ADDING LIQUIDITY WITH EVERY SALE** \- Every NFT sale will automatically route a percentage to our V2 liquidity pool. Our liquidity will build up over time with this method. 1) NFTs sold using СUMMIES: some CUMMIES will be sent to our СumFarm to provide liquidity providers with more rewards. 2) NFTs sold using BUSD or BNB will be directly added to the liquidity pool.
+
+This also means every Transaction on the NSFW Site will reap the 5% Tax (2,5% Burn , 2,5% reflected to Holders)
+
+Сumrocket is a Solid Project with a Solid Community the Price is way to undervalued!
+
+Do your own Research and you will see that this would be a good Decision for a Long Term Bag Holding & Profiting!
+
+# Сumrocket:
+
+* [Twitter](https://twitter.com/CumRocketCrypto)
+* [Telegram](https://t.me/cumrocket)
+* [Discord](https://discord.gg/cummies)
+EDIT: View Part 2 HERE (https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/). And Part 3 HERE (https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/) Part 4 HERE (https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/) and Part 5 HERE (https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/). You can read my DD about Auto Loan Asset Backed Securities (ALABS) here (https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). 
+
+Holy shit. This could be the missing piece to the puzzle. The subprime mortgage backed securities of 2021. Here we go. (This is my first DD: please excuse any cohesive or organizational errors.)
+
+*Note: I was inspired by* [*this post*](https://www.reddit.com/r/Superstonk/comments/romtv4/this_is_even_larger_than_the_big_short/) *and* [*this post*](https://www.reddit.com/r/Superstonk/comments/qlipam/yesterday_weve_had_notice_of_a_cmbs_downgrade/)*. Please check them out.*
+
+The theory: Student Loan Asset Backed Securities (SLABs) have become the new collateral in place of subprime mortgage backed securities. And this situation may be even worse. Here's why.
+
+After mortgage backed securities shit the bed in 2008, funds needed another form of collateral to support their dogshit wrapped in catshit. Enter SLABs. They're exactly what they sound like: securities based on outstanding student loans. These loans are then packaged into tranches and sold to investors (Sound familiar?). However, I am of the opinion that these SLABs are drastically overvalued (Sound familiar part 2?), and this has been compounded by the Covid-19 pandemic.
+
+Student loans, by US law, are very difficult to discharge. (And yes, private SLABs that don't adhere to federal law exist, but federal loans make up 90% of all student loans). By law, you have to prove in a court that the loan will cause you an 'undue hardship on you and your dependents' if you wish to discharge it completely. This is very vague, and I am under the impression that most judges will not even consider these cases as it was your choice to take out the loan in the first place: you knew the risks when you decided to go to that 80k out of state school and get a philosophy degree. Proving something ambiguous like this beyond reasonable doubt is not easy. Even defaulting doesn't help - a portion of your income will be taken until the loan is repaid. What is the effect of this? Well, these SLABs became very, very strong collateral. And until now, they were. But we'll get to that in a minute.
+
+These loans were so strong that you have probably noticed their effects without realizing it. Just look at how high college tuitions have risen since 2008. In fact, compared to '08, tuition has increased a whopping *54.4%* according to the Bureau of Labor Statistics.
+
+https://imgur.com/PzyNQSt
+
+And just look at the average student loan balance per borrower since '08. Nearly *double.*
+
+https://imgur.com/z13ZPYa
+
+It makes sense why these values have shot up: because these SLABs are difficult to discharge and are thus very robust, they are valuable and companies want *as many loans taken out as possible.* Therefore, increasing college tuitions drastically to cause more loans to be taken out was a logical step. This was all working fine until one year changed everything.
+
+Enter, 2019. The pandemic completely bends the economy over. Well, one of the ways that politicians decided to stimulate the economy and stave off the effects of a crash was to start implementing student loan forgiveness. Sounds great, right? Well, not for the people using these loans as collateral. These policies immediately caused a decrease in the value of these SLABs as collateral, as there was unsurety of payment. And what happened again recently? Yup, student loans postponed again. And we all know what happens when the underlying securities lose value. This should be sounding familiar. These funds will start trying to offload these SLABs while they still have some value, and the bubble begins to burst.
+
+Now, let's get even more technical. Let's talk about income-based repayment plans (aka Pay As You Earn, or PAYE). The graph below should explain further. [***The pdf from which I got it is linked here: it is very enlightening, and it goes into much more depth on this topic. I would HIGHLY recommend you check it out.*** ](https://www.hvst.com/attachments/2767?download=true)
+
+https://imgur.com/a/3biEsRH
+
+Woah, what does this mean? I'll try to simplify the best I can. The IBR stands for *Income Based Repayment.* This is just another way to say a PAYE payment plan. You can see these increase exponentially after '08. This may seem like a good thing, as paying percentages of loans based on income does in fact decrease the chances of a default, as you are not 'biting off more than you can chew'. However, this had severe unintended consequences.  Now, loans take much longer to pay off: in fact, it is highly likely that these loans will not be repaid until well after the final maturation date of the original loan. Essentially, this is another contributing factor to the decreasing value of using these SLABs as collateral.
+
+Some other quotes from this PDF that I found notable.
+
+*"The deleterious credit underwriting standards during this time \[2003-2008\] was not exclusive to the subprime mortgage market. In hindsight, we are seeing that credit scores did little to forecast repayment"*. Here, they basically say that the same thing with faulty ratings was happening to SLABs as was happening to subprime mortgages. I believe this practice has continued into 2021, as we haven't seen SLABs have the same drastic loss of value as subprime mortgages (yet...).
+
+*"If a downgrade were to occur, the funds owning these notes would likely be inclined to sell as their fund must hold AAA-rated debt."* Holy shit doesn't this sound familiar? Ratings agencies have incentive to rate these tranches AAA if they are going to sell at all. Well, like I mentioned before, these SLABs are about to eat it, and they maybe already have. It's literally 2008 all over again, corrupt ratings and all.
+
+But why did I say it may be even worse? Well, with the housing crisis in 2008, there was still some sort of physical collateral to offset potential losses. *Repos*. Well, even though most of you guys snort crayons all day, I'm sure you're smart enough to realize that you can't repo a gender studies degree. There simply is no physical collateral. Because of this, funds do NOT want to get stuck bagholding, because they can't screw over the people who took out the loan in the first place to get some of their money back. This will make the bubble absolutely implode on itself.
+
+In my mind, this relates to GME because as soon as funds start fighting each other and going bankrupt, short positions will inevitably have to close.
+
+Obviously, this theory is just that: a theory. Again, this is my first ever DD, so I apologize for any missed information. Hopefully even wrinklier brains can take over my train of thought and really crack this thing open. Or, you guys could prove me wrong and it could be a total nothingburger. Either way, I'd appreciate some community crowdsourcing to really get to the bottom of whether funds have been doing this and whether it poses a significant risk to the economy. I believe this collateral market specifically is worth looking into because of the sheer amount of money involved. $1.6 trillion total in student loans in the USA. 
+
+Edit: for some reason my pictures got messed up. Maybe someone can tell me how to fix? Don’t really want to repost. Tried editing them in again on PC to no avail. Gonna try to embed imgur next.
+
+Edit2: I’ve been getting lots of great comments about the legal aspect, and how beyond reasonable doubt is only with criminal trials. However, the thesis remains unchanged in my opinion. It’s still VERY difficult to discharge these loans, as you still have to show ‘undue’ harm. It’s hard to argue something is ‘undue’ when you could’ve gone to a cheaper school, could’ve tried to get a higher paying degree, could’ve got a second job, etc.
+
+Edit3: Holy shit. I’m already getting some more great info from comments. Expect a part 2 soon.
+
+I’m 18 years old I just started a job at a hotel making 14$ and possibly might start working at a local 7/11. As of right now I’m staying with a friend, I have no car, absolutely 0 $ to my name, I can get to and from work. It’s just hard for me to save money and I can’t think up of a plan to follow. I also have my own addictions like nicotine but nothing to serious just something I want. If anyone could help me come up with a plan to save that would be really helpful!!
+Sold four individual Div stocks and shifted money into SCHD.
+
+Yes I know - ATH but so is everything else. 
+
+I figure with $100k I have 1237 shares. That’s 37 shares next year in DRIP… rinse and repeat. 
+
+I have two more stocks about $50k in total which I will sell in early 2022 (for tax reasons not selling now) and will split that between existing large position in VTI and SCHD. 
+
+After that the only individual stocks I will have will be ARCC, AAPL, O, RDS, DE, TD, POAHY (my only speculative stock with nice dividend).  The rest is in 401k all in VTI. 
+
+We will see how this pans out but I feel good.
+
+***************************************
+
+EDIT:  Many are asking why I like SCHD over other dividend ETFs. My main reason is their screening criteria (provided below). I like their attention to CF/debt/ROE, along with Div growth. What worries me a bit about other ETFs is just chasing yield without paying attention to fundamentals and growth potential. 
+
+One thing to note is that these criteria below result in an exclusion of REITs.  So take that into account if you want to add REITs separately to your portfolio. I personally have about $30k in O and $30k in ARCC in my ROTH to bring in some REIT and BDC with their high dividends. 
+
+SCHD criteria for stock selection:
+
+1.  At least 10 consecutive years of dividend payments
+
+2.  Minimum $500 million market cap
+
+3.  Best combination of cash flow to total debt, return on equity, dividend yield and 5-year dividend growth rate
+
+4.  Selecting the 100 highest-yielding stocks among the universe of qualifying components
+
+5.  The fund also puts a 4.5% weighting cap on any individual components and a 25% weighting cap on any sector in order to help ensure diversification.
+Hey All - I found a 15-unit SFH/small multi-portfolio and the owner can’t wrap his hand around the portfolio anymore, has vacant units, having trouble with rent collection, etc. his wife was really the operator and he was the blue-collar person, but his wife got sick recently, so he’s in a rut.
+
+His main concern now with selling is the tax burden. He DOES NOT WANT to 1031, he wants to cash his chips in if there is a feasible way to avoid Uncle Sam.
+
+I just need to figure out how to navigate/assuage his tax concerns and doing my research currently so wanted to post here to see if anyone can propose any compelling options.
+
+Really appreciate any creative insights here to make the owner feel like he’s winning here and get a deal done.
+Nuclear the Global Fit; What is Spot, Sprott, and Sput; ETF influence; Small Modular Reactors; Cost of Nuclear and the Bear Case Points
+
+https://preview.redd.it/t6g6fr1hn3z71.png?width=676&format=png&auto=webp&s=7408556682bf3178b15139bd8a9718f91ee5079c
+
+# 1. Introduction
+
+Without a doubt, 2021 has been the most pivotal year for the uranium industry in more than a decade. The markets, politicians and corporations appear to have recognised that without nuclear power being a part of the energy conversation, a sustainable, zero carbon emission future will be near impossible to achieve.
+
+Political will has been coupled with a multitude of bullish factors. Existing Uranium demand is greater than our current supply, and this excludes the additional strain expected on the world’s power grid with the rise of electric vehicles. With these factors in mind, the emergence of the Sprott Physical Uranium Trust (SPUT) has propelled the spot uranium price into near decade long highs, and on the verge of making new mines profitable. 
+
+The best part is that the current cycle is still in its infancy. New production is unlikely to come online during the next 12 months. Further uranium price increases will be necessary for brownfield and almost all greenfield projects to commence.
+
+But before we dive into the uranium market performance, understanding how Sprott works, SMRs and why it's so controversial, let's look at what it is all for --> emission free nuclear energy.
+
+# Nuclear Physics 101 
+
+Brought to by /u/Mutated_Cunt
+
+Alright time for me to take over and make this more deranged/suitable for /r/asx_bets. This is where you cunts interested in this sort of thing get a primer in nuclear physics.
+
+Everything practical about Nuclear Energy is based on our understanding of this chart, the average binding energy per nucleon (protons or neutrons) as a function of the number of nucleons in the nucleus.  [The Binding Energy Curve of Common Isotopes](https://upload.wikimedia.org/wikipedia/commons/thumb/5/53/Binding_energy_curve_-_common_isotopes.svg/1280px-Binding_energy_curve_-_common_isotopes.svg.png)
+
+https://preview.redd.it/90sggxc7k3z71.png?width=641&format=png&auto=webp&s=6f438e826e4d9b2127c2cb564b315e169366eb54
+
+Because of the equivalence of mass and energy (E = mc2 ), this chart tells you two ways to make energy. You can combine two very light nuclei to make a heavier one (fusion), or you can split a heavy nucleus into smaller fragments (fission). If you are at the Fe-56 nucleus, you cannot generate any energy as you are at the “peak” of the binding energy curve.
+
+Currently, all nuclear power plants in commercial operation use fission of the isotope U-235 (92 protons, 143 neutrons) to produce energy. This is because U-235 is the most abundant “chain reaction” isotope. You trigger fission of  U-235 by firing a low energy neutron at it. When splitting, along with two large fragments, the nucleus fires off an additional 2-5 neutrons (avg 2.5), which trigger more reactions, more neutrons, and so on. 
+
+Only 0.1% of the mass of a U-235 atom is converted into energy, but this is more than enough to power a civilisation. To give you an idea of how absurd this energy density is, from one kg of coal you get 8 kWh of power, but in one kg of U-235, you can get 2,400,000 kWh of power.
+
+ 
+
+[Energy Density Comparison of 1x Uranium Pellet to Other Fossil Fuels](https://preview.redd.it/eyjiyff7j2z71.png?width=565&format=png&auto=webp&s=33e8a6a104311eb8165dd986feee24992a58a253)
+
+Luckily for us, U-235 is a rare isotope. From natural Uranium mined from the ground, you get about  99.275% U-238 and 0.7202% U-235, with the rest a mixture of other useless isotopes. For our beloved U3O8 miners, this means we got to dig up a substantial amount out of the ground ($$$$$) to get enough of the magic U-235 isotope. 
+
+After digging up the ore, you have to enrich your yellow cake to increase the relative concentration of the U-235 isotope. For weapons grade Uranium, this is about 70% U-235, but for reactors, we only need about 10-20% U-235. This process is where the centrifuge comes in. Because you have a very slight mass difference, if you spin it around in a chamber, the heavier isotopes on average move further to the edge. You extract the Uranium that is closer to the middle of your centrifuge, and on average, that Uranium is richer in the light isotope U-235. Repeat this process a ridiculous amount of times, and you’ll have some very nicely enriched Uranium (as long as Israel doesn’t get involved). 
+
+## Nuclear Fusion
+
+One thing an observant one might notice about the binding energy chart is that the slope of the energy per nucleon determines how much energy you get. You’d also notice that on the “fusion side” of the chart, this slope is much much steeper than the “fission side”. This implies that fusion has an even more enormous potential for creating power than any fission plant, and also explains why Hydrogen bombs are the most terrible thing humanity has ever created. 
+
+Essentially, for fusion to generate power, you need a large source of power to bring atoms close enough to fuse to give you an even greater source of power, because positively charged nuclei repel.  Fission has no such problem, because the “initiator” of the reaction is a neutron (neutral particle).There are two ways to find this power. A. you can build a Sun and use its gravitational effects, or B. you can use giant magnets to force the charged particles to collide. Obviously, the most developed experiments use option B, building Suns on our planet is rather difficult. 
+
+It is a common joke in the Nuclear physics community that “Nuclear fusion has been 50 years away for the last 50 years”. If you ask an actual professor if fusion will be available soon, their most likely response is to laugh in your face. 
+
+Why is this? You need to simultaneously solve Maxwell’s equations of electrodynamics and the Navier-Stokes equations of fluid dynamics to control your Plasma to generate fusion. Sorry for any PTSD I just caused those who took those courses. Considering no known solutions exist for the latter, good luck. The “more wrong” your electromagnetic fields are, the  “less control” you have of your plasma, and the more power you need to generate to “correct yourself”. Current frontier experimental nuclear fusion can sustain a “net positive fusion power generation” for merely a few seconds at best, then it turns back into a power dump that accelerates global warming.  
+
+You can safely predict there will be no economically viable method of nuclear fusion generating power plants in this century. 
+
+# Nuclear Power 101
+
+All of today’s commercial nuclear plants use nuclear fission for harnessing the immense energy that is released from breaking apart dense fuel materials such as uranium (most common), but also plutonium and thorium (far less common).
+
+The difference between a nuclear bomb and nuclear power plant is that a bomb has all the energy released very rapidly and a power plant controls the reaction in a stable and constant form.
+
+Remember how I mentioned that a fission of U-235 occurs when a low energy neutron hits it? Well, the reason that all nuclear power plants aren’t atomic bombs is that fission produces “fast neutrons”. To have a successful chain reaction, you need a material to act as a “moderator” that can slow down your neutrons to produce more fission events. 
+
+As well as moderators, another essential feature of a nuclear power plant are the control rods. These are giant rods made of a material that absorbs neutrons (cadmium, boron, hafnium). As the neutron flux within the reactor increases, you reduce their R\_0 (just like covid) in proportion to how far the control rods are inserted. This allows for a nice, steady power flow that is pretty much automated these days. 
+
+The most common Nuclear reactor in the world are pressurised Water Reactors (PWR). Because water is an excellent moderator of neutrons, and you use heated water to power turbines, you get a two for one solution with this reactor design. 
+
+That’s right, from two millennia of progress in the physical and natural sciences, we have combined the profoundly unintuitive consequences of special relativity with the mastery of atomic physics to boil water. The best carbon free way to make your lightbulbs turn on is to build a giant kettle boiled by splitting atoms.  
+
+https://preview.redd.it/41z47nenp2z71.png?width=1135&format=png&auto=webp&s=90ce3d7639b50cd5a36129016faa6938b6f4208b
+
+# Nuclear Efficiency vs Other Renewable Energy Sources
+
+​
+
+[Sprott Info Graphic - Smashing Atoms](https://preview.redd.it/hqz2pyyoq2z71.png?width=1161&format=png&auto=webp&s=b7d78b036ecac744d0f08e4f8f5b46ee6262fd01)
+
+# The Capacity Factor
+
+A power source’s capacity tells you what you are capable of producing (i.e 1 GW), but the capacity factor describes how much you live up to your potential ability to produce. 
+
+https://preview.redd.it/o93mvgb7s2z71.png?width=922&format=png&auto=webp&s=ccd32949320bfd274dcc8008524bb0abc49ad24d
+
+https://preview.redd.it/xlbnkz7mo3z71.png?width=675&format=png&auto=webp&s=320d97bb6439c68c1e6b2f0352226b72b121ddc6
+
+**Extra reading**
+
+* If you want to learn more about the history of how we got from Smashing Atoms to the discovery of fission - this is a really good infographic that Sprott has developed - [History of Developing Nuclear Energy](https://sprott.com/investment-strategies/physical-commodity-funds/uranium/uranium-infographic-smashing-atoms-the-history-of-uranium-and-nuclear-power/)
+* For some additional interesting and detailed information on nuclear power and [today's nuclear power contribution around the world](https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today.aspx) \- check out the World Nuclear Association (WNA) website and Pages. Particularly \^this one.
+* Also /u/Mutated_Cunt is available for questions, tone of response will be in proportion to sensibility of questioning.
+
+# The Negative View of Nuclear Power
+
+But if nuclear power is so great, why does it not supply 100% of the global energy and power requirements? Well it could, but we have some problems. First of all, Nuclear has an absolutely terrible PR team. In the public perception, Nuclear Power is defined by its two major failures, Chernobyl and Fukushima, not the 18,500 cumulative “reactor years” of operation in 36 countries around the world. 
+
+As of 2019, Nuclear power reduces our carbon emissions by 470 million metric tons per year, equivalent to removing 100 million passenger vehicles from the road. At its very worst, Nuclear power can make a region unsafe for human life for the next 100-200 years. In comparison,  fossil fuels will make the entire world unsafe for humans forever. Fighting climate change without Nuclear power is like challenging Mike Tyson to 12 rounds but with one arm behind your back. At least pretend to give yourself a chance. 
+
+Of course, an ideal world would replace Nuclear power with various forms of renewables and completely forget about toxic waste.  But guess what, we don’t fucking live in that world. We’ve got one where environmental activists are campaigning to phase out nuclear without sufficient renewable capacity or capability. No prizes for guessing what fills that gap.  There is no desire that nuclear power replaces renewable energy sources, we need to be working together to conquer fossil fuels. Further still, no power source is without its negative consequences.
+
+A number of green renewable energy sources have several negative environmental consequences. Hydroelectric dams have a devastating effect on local ecosystems, and cause catastrophic damage with floods/breakages. Large volumes of critical minerals are mined for manufacturing solar photovoltaic cells with a significant carbon footprint with limited recyclability. The short life spans often result in filling up a landfill with solar panels and turbine blades. 
+
+But the global situation is about reducing carbon emissions, particularly from fossil fuels (burning of coal, gas and oil) to prevent climate catastrophes and clean up our precious breathing air. 
+
+Nothing is perfect or will provide a one fit solution, but nuclear power is considered necessary and viable in providing a baseload power which in many countries is still being provided by fossil fuels. Some countries have walked away while many others, especially in the Middle-East and developing countries, are giving it their best shot. 
+
+# 2. The Uranium Bull Market
+
+Over a year  ago (Sep 2020) I shared an in depth coverage of the “Global Uranium Bull Market” that was unfolding. The post was then revamped in Feb 2021 (Link to [The Emerging Global Uranium Bull Market](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/)) and between the two posts they covered: 
+
+* The decade long decline of supply since 2011 
+* The lack of new mining and production developments due to suppressed U3O8 price for long periods (>10yrs)
+* The drawdown on inventory supply by utilities as mines were shut-in
+* The growing demand for nuclear - especially from China, Europe, the Middle East and Asia 
+* The impact of Covid-19 on supply - the postponement of production from the largest global producing mines in Canada and Kazakhstan
+
+As well as what ASX stocks were involved with Uranium at the time and my best guess for maximum leverage.
+
+**The Outstanding Supply/Demand Dynamics**
+
+* Today 442 nuclear reactors supply 11% of the global baseload electricity and heating requirements
+   * About 200Mlbs per year of uranium fuel total consumption
+* \~20Mlbs pa sector deficit + additional 22Mlbs disruption in 2020 due to covid
+* Covid extended through 2021 resulting in further reduction in mined supply; total \~50-60Mlbs deficit by end of 2021 anticipated
+* Limited new supply has become available (Uranium Spot price not high enough)
+* Rapid growing demand for more nuclear power plants and improved technologies:
+   * 442 nuclear reactors currently operating in 32 countries
+      * US(95), France (57), China (47), Russia (38), Japan (33)
+      * Total 200million pounds of uranium per yr 
+   * **52 New Reactors under construction** right now. Majority in China (18) and India (7) with South Korea (4), Russia (3), Turkey (3), UAE (2), the UK (2)...
+   * **101 Further Planned** (approvals, funding or commitment in place): China (37), Russia (27), India (14), Egypt (4), UK (2) (+16 SMRs), USA (3), 
+   * **325 Proposed New Reactors** (specific programme or site proposals, timing uncertain)
+      * China (168), India (28), Russia (21), Saudi Arabia (16), Japan (8), South Africa, (8), Turkey, (8), USA (18), Poland (6), Brazil (4)
+
+The below graph represents the demand and known anticipated supply of uranium. The pink area is the unspecified supply gap. A new source needs to be found to fill up this curve.
+
+[Growing Demand vs Total Existing and Known Future Supply](https://preview.redd.it/do7p753123z71.png?width=602&format=png&auto=webp&s=760db45a0c0e4b117efb511af54c87776797795f)
+
+ \***Very Important\***
+
+* Unspecified supply (pink area) is supply that will need to come from mines that are not yet sufficiently advanced for The World Nuclear Association (WNA) to include in their database. 
+* This report was last published in 2019. Next report update anticipates an even wider gap of unspecified supply
+* WNA reference scenario did not account for: Covid disruptions, Kazataprom extending supply discipline measures, financial buying (Sprott + Kaz physical trusts) and junior uranium companies buying physical uranium off the market.
+* The Red arrows represent where actual uranium supply is tracking, extending the supply deficit.  
+
+ 
+
+Most of the new energy demand is coming out of Asia where 60% of the world’s population lives. We are also seeing renewed interest across the rest of the world, including the Middle East, Canada, USA, Russia, the UK, and countries in Europe. However, China is massively leading the way in building new nuclear energy, as well as wind and solar.
+
+# China is Becoming A Nuclear Power House 
+
+China is building reactors of almost all available designs and are also putting a lot of development into the smaller and cost competitive Small Modular Reactors (SMRs) - which they intend to eventually outsource and become a major competitive supplier to other parts of the world.
+
+During 2016-2020, China built 20 new nuclear power plants with capacity of 23.4GW, **doubling their total capacity to 47GW**. Their next target is **70GW** of nuclear generation **before 2025**. According to Luo Qi of China’s Atomic Energy Research Initiative, “**By 2035**, **nuclear plants in operation** should reach around **180 GW**” which will be more nuclear than the United States and France combined. China is even setting up a [nuclear university in Tianjin](https://www.scmp.com/news/china/society/article/2151693/china-open-university-tianjin-train-workers-nuclear-power) to train nuclear workers for this expansion.
+
+China is planning at least 150 new reactors in the next 15 years (by 2035)! Consuming an additional 80-90Mlbs
+
+While the world nuclear fleet amounts to 442 reactors today, that marks an increase of \~30% from China alone. Add to that the future new reactors of India, Saudi Arabia, Turkey and Europe,... We have a Nuclear renaissance.
+
+**What's Changed? (last 6-12months)**
+
+Well the thematic driving the market is still the same - supply is low, demand continues to grow and there is a supply deficit pinch unfolding. That part hasn’t changed much, other than a few factors increasing on the demand side and other financial institutions now playing a part on the supply side.
+
+But what has notably changed the most is the now more common and growing awareness by politicians, corporations and the public of just how useful and important Nuclear Energy is. Especially in combating climate change and reducing emissions while advancing global electrification.
+
+# Signs of an Important Political Shift in Europe
+
+A sea change in Europe:  Europe is turning around as a whole in accepting nuclear power as a clear player to net zero emissions. (as well as Japan, Saudi Arabia and more)
+
+[European Companies \\"For\\" Nuclear to be Included in EU Taxonomy](https://preview.redd.it/2umzf4bu43z71.png?width=602&format=png&auto=webp&s=ab1bb41305dbba0c8a939ab0f84e21907268ccc8)
+
+* This doesn't mean Germany is going to re-board the nuclear train.
+* But it does mean the EU taxonomy on nuclear being denoted as a green finance energy source. The additional ESG funding and investment this attracts is HUGE!
+* Group of 10 EU companies formed a nuclear alliance, led by France. Netherlands then asked to be included (10+1)
+* This could mean we see Belgium turn around and put on the brakes of shutting down their 7 nuclear reactors. Also we may see Spain turn around and flip to being pro nuclear from the current left government anti-nuclear stance.
+* The forecasted supply gap in 2019 assumed the closure of multiple European reactors in 2020-30. Lifetime extensions on these plants is a game changer.
+* All happening in lead-up to COP 26 and all happening in an energy crisis.
+
+Now there are consequences for politicians if there is an energy crisis. If in February there are issues providing electricity for heating etc then politicians will be hanged (metaphorically) for not making decisions that will put them on the proactive foot for the coming winters. There's accountability now.
+
+* What has held nuclear back is public perception and policy makers fear of public perception.
+* This energy crisis unfolding in multiple parts of the world could be the attested moment for a lot of this public perception fear to change. Climate change fear is outweighing the fear of nuclear.
+
+The world is also on the cusp of introducing small modular reactors (SMRs) to create a layered demand source for uranium. The promise is a smaller, safer design with high versatility. Imagine what problems we could solve with a power plant that can be transported on the back of a truck. SMRs can help industry more than help the government. See the SMR section for latest on that front and the developments currently under implementation.
+
+Overall upside scenario - entering the new nuclear renaissance. Not necessarily a new renaissance but more a modern reframing in a narrative that people can understand and get behind. The underlying technology hasn't changed.
+
+# Recent Major Headlines Affecting Uranium/Nuclear
+
+* COP26 - the United Nations Climate Change Conference
+* **Japan's** industry minister says nuclear power is crucial to its net-zero goal.
+* **Dutch government** vows to throw its weight behind nuclear energy in Europe.
+* **Ghana** seeks to add carbon-free nuclear to its energy mix for the first time.
+* **Romania's** new energy plan will double its use of nuclear power by adding two new reactors.
+* **The UK** commits to decarbonize its electricity system by 2035, 15 years sooner than its previous 2050 target. “The UK government will announce plans to fund a new nuclear power plant before 2024 election as part of its Net Zero strategy” - [New Nuclear Power Plant in UK](https://www.reuters.com/world/uk/uk-fund-new-nuclear-power-station-part-net-zero-drive-telegraph-2021-10-17/)
+* Rolls-Royce in talks with Amazon and other US tech giants to power data centers with SMRs
+* **China’s** climate goals hinge on a [US$440 Billion Nuclear Buildout](https://www.bnnbloomberg.ca/china-s-climate-goals-hinge-on-a-440-billion-nuclear-buildout-1.1675953)
+* [Europe ESG Funds in Assets Hits US$1.4 Trillion in investors cash](https://www.bloomberg.com/news/articles/2021-06-15/european-esg-funds-hit-record-1-4-trillion-in-assets-last-year) being steered toward strategies that address environmental, social and governance considerations.
+   * If nuclear power gets included in the EU Taxonomy, the nuclear sector will get access to ESG funds to invest in the Nuclear sector
+* **Russia** \- [to construct 24 new reactor units](https://world-nuclear-news.org/Articles/Rosatom-targets-24-new-reactor-units-in-Russia-by) \-  “Rosatom has announced that implementation of Russian President Vladimir Putin's decision to increase the share of nuclear power in the country's energy mix to 25% by 2045”
+* **Saudi Arabia** “intends to become a leader in renewable energy by [building 16 nuclear reactors by 2030](https://www.arabnews.com/node/1955676/business-economy), estimated to cost more than $100 billion with a combined capacity of 22GW.”
+* **US** is **‘**[Very bullish’ on new nuclear technology ](https://news.yahoo.com/us-very-bullish-on-new-nuclear-technology-granholm-says-110016617.html) and Congress passes Bipartisan [Infrastructure Bill with Nuclear](https://www.nei.org/news/2021/congress-passes-infrastructure-bill-nuclear) in a key energy role
+
+**Massive Uranium Financial News Marker - Kazataprom Physical Fund:**
+
+On the 18th-Oct Kazataprom (largest global producer of Uranium) [announced their investment into a physical uranium fund](https://www.kazatomprom.kz/en/media/view/kazatomprom_obyavlyaet_ob_investirovanii_v_fond_fizicheskogo_urana) \- A second major fund that will complement and compete with the relatively new but already the largest physical uranium fund - Sprott Physical Uranium Trust (SPUT).
+
+The Fund (ANU Energy), established on the Astana International Financial Centre (AIFC) will hold physical uranium as a long-term investment with its initial purchases financed through the founders’ round investment totaling US$50 million, sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the Fund Manager) at 3%.
+
+At the second stage, the Fund is expected to raise capital of up to US$500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases.
+
+​
+
+# 3. The Three Sp's: Spot, Sprott and Sput
+
+**The Uranium Spot Market**
+
+Unlike other metals such as copper, nickel, gold or iron ore; uranium is not easily traded on an organised commodity exchange (London Metals Exchange for example). Instead, it is traded in most cases through contracts negotiated directly between a buyer and a seller. More than 95% of uranium trade is via 3-15yr term contracts with producers (miners) selling directly to utilities (power stations), reflecting security of supply. NOTE: utilities need secure supply as they cannot risk having to shut down their power plants for lack of nuclear fuel - it is very very costly to shutdown, yet alone start-up again.
+
+The Spot Uranium Market is mostly made up of some approved traders (hedge funds and uranium funds), as well as some spot supply from U3O8 enhancement and storage facilities and often traded between producers who may need to meet term contracts. But this is relatively only a small function in terms of satisfying reactor needs.
+
+Utilities purchase uranium under specified pricing (series of fixed prices) or market-related pricing which is linked to the delivery date and often trading at a premium (sometimes a discount) to the spot market indicator. Spot is what everyone looks at, but what is the underlying focus for companies is the term price.
+
+Only a small percentage of uranium in circulation is traded on the spot market. The liquidity is pretty low. Liquidity typically has been around 220,000lbs a day, until recently when Sprott started rocketing it up close to 400,000lbs a day. 
+
+This near doubling of liquidity has meant  that the Spot market price has risen from US$32/lb in early August to a high of US$50/lb by mid September, and settled around the mid $40s going into October. 
+
+But what is Sprott?
+
+**Sprott Asset Management**
+
+Sprott, founded by Eric Sprott in 1981, is an investment firm and asset management corporation. They are a resources giant out of Canada with a focus on acquiring precious metals, managing bullion trusts, equities and mining ETFs .
+
+They hold 4 bullion trusts (Gold, Silver, Platinum and Palladium) worth a total \~US$13Billion and have an overall \~US$18.6B total in assets under their management with over 250k investors.
+
+During the last uranium cycle (2005-2011) Sprott developed a financial vehicle for buying physical uranium. But they were “late to the party”, in that fund didn't kick off until about 2010. But this cycle they have come in much earlier not only with buying up uranium equities but also in having a physical uranium investment vehicle established before other major funds.
+
+On April 28th 2021 - Sprott Asset Management Group [entered into an agreement ](https://www.sprott.com/investor-relations/press-releases/sprott-asset-management-enters-into-agreement-with-uranium-participation-corporation-to-form-the-sprott-physical-uranium-trust/#)with Uranium Participation Corp (UPC) to form Sprott Physical Uranium Trust (SPUT). The partnership allowed Sprott to be an authorised and approved entity for buying, investing in and holding physical pounds of uranium. It is a trust that allows investors (fund managers and retail) to invest in holding uranium without having to be an approved uranium trading entity.
+
+**Sprott Physical Uranium Trust (SPUT)**
+
+Sprott filed for an At-The-Market (ATM) equity offering sales program → i.e. an investment vehicle that allows them to issue shares into the open market whenever they are trading at or greater than 1% of their Net Asset Value (NAV), up to a certain amount. They then use the proceeds generated to buy additional physical uranium and charge a 0.35% annual management fee.
+
+* The initial ATM was for US$300mill and on August 17th the ATM went live - issuing the first shares. They immediately started buying physical uranium for the Trust.
+* Within 3 to 4 weeks their aggressive buying on the spot market, spending close to their max $300mill, drove the spot price up over 50% from $32/lb to US$51/lb.
+* On the 9th September 2021 Sprott amended their shelf prospectus and increased the ATM from US$300mill to US$1.3Billion
+* As of 12th Nov 2021 SPUT has purchased a total 19.4Mill lbs, raising approx US$903.68million or 69.5% of their US$1.3billion ATM and have approx US$57.2mill cash on hand.
+* To keep up to date how much SPUT is buying - here is a [Sput Tracker Google Sheet](https://docs.google.com/spreadsheets/d/1cH_2BM6T48FJDP8ShHBL9IRGFbR99ChH_SPSAWRGvt0/edit#gid=504025026)  updated daily - courtesy of Alex Weinstein on twitter.
+
+**But what if SPUT just sells their uranium?**
+
+SPUT is a closed-ended fund, unlike ETFs which are open-ended,  there are no redemption options when SPUT units are sold or bought-back. SPUT’s mandate is to accumulate physical uranium and sequester it, not to return pounds to the market.
+
+Sprott makes their money from the 0.35% annual management fee. It is in their best interest to build the trust up in value and then hold for long term sequestration.
+
+John Campigoni, the CEO of Sprott Asset Management, stated “The only circumstance under which SPUT would sell uranium would be if it were necessary to cover the expenses of the Trust.” In short the only selling would be in small amounts if (ever) needed to cover operating expenses.
+
+They are an investment vehicle that offers direct exposure to the uranium price. 
+
+If the uranium price drops, SPUT buys at lower prices. If SPUT is trading at less than 1% premium to their NAV then they cannot issue more units to raise funds until it increases again, which will swing on market sentiment. But when the fund share units are trading > than their NAV then they issue additional shares to buy additional U3O8 (and UF6) in the spot market to increase their NAV so that the premium over NAV decreases. That additional spot buying pushes the uranium spotprice higher which in turn drives further sentiment in buying more SPUT. And hence a Uranium flywheel effect is created (see below) 
+
+[Price of Uranium Futures and Impact of SPUT](https://preview.redd.it/zpoywmu5b3z71.png?width=602&format=png&auto=webp&s=05534677cff1db8f13051d2fba50d1efd5ac7abf)
+
+# Exchange Traded Funds (ETFs)
+
+Unlike Gold where there are dozens of ETFs, Uranium only has 4 pure play ETFs.
+
+* **The Global X Uranium ETF** (ARCA:URA) - US ETF tracks mostly miners. Largest ETF
+* **North Shore Global Uranium Mining ETF** (ARCA:URNM) - lists both producers and explorers
+* **Horizons Global Uranium Index ETF** (TSX:HURA) - ETF for Canada created in 2019
+* **VanEck Vectors Uranium + Nuclear Energy ETF** (ARCA:NLR) - launched in 2007, tracks market cap
+
+ETF, exchange-traded funds, are somewhat like a mutual fund but are traded like a single stock. They are made up of a basket of stocks (and funds like SPUT). The biggest in the uranium sector are URA and URNM.
+
+* When investors see the spot price of uranium increasing, they turn to the ETFs to seek broad exposure to the sector.
+* URNM and URA have seen triple-digit gains in the past year, with URNM up 216%, while URA has gained 146%
+* These ETFs have grown about 10xfold in asset value the last year
+* The URA ETFs rebalance semi-annually - usually on the last business day of January and July. Last rebalance in Jan 2021 saw a number of ASX equities such as Deep Yellow, Bannerman, Lotus and Peninsular Energy added to the ETF index.
+* URNM tracks a market cap of uranium miners, explorers and developers and rebalances quarterly through-out the year.
+* URNM holds 8% of their portfolio in SPUT. While URA will be adding SPUT in January 2022
+
+https://preview.redd.it/mnqzdv2hd3z71.png?width=580&format=png&auto=webp&s=48caf45eb3c0a6766090ae5ae38402933db9d1e4
+
+[URA Top 10 holdings](https://preview.redd.it/ix3zfhukd3z71.png?width=580&format=png&auto=webp&s=5cb950b13fff61071e5c0cfa1e175ca1f74f7094)
+
+# The Uranium FlyWheel Effect
+
+ Credit to Brandon Munro from Bannerman Energy for providing the graphics and for a more detailed [video explanation](https://www.youtube.com/watch?v=kdebMTuzetk) \*\*watch from 11:40min mark. 
+
+​
+
+[Uranium FlyWheel Effect and Additional Dimensions](https://preview.redd.it/5rudxxwqd3z71.png?width=635&format=png&auto=webp&s=569a7187dc5b377a6d89f6b3d011587e55388135)
+
+ **Flywheel Effect summary**
+
+A financial Investor (SPUT) raises money at their ATM Facility → they buy physical lbs of uranium with those funds → increases the demand for uranium → results in increasing the price of uranium → drives sentiment → drives further demand of SPUT units (on TSX) which enables SPUT to trade at a Net Asset Value premium → SPUT issues more units → Buys more Uranium and the cycle continues.
+
+Additional market participants buying uranium other than SPUT adds an extra dimension to the flywheel. 
+
+* We are now seeing more traders and hedge funds come into the market. Producers who need to buy uranium to meet long term contracts, and soon utilities will be entering the market more and more.
+* This has created extra demand, increasing the price, and so the wheel spins
+
+Now the ETFs add a further dimension to the flywheel.
+
+* URNM holds 8% of their index as SPUT
+* URA doesn’t hold any SPUT by a fluke event of the last rebalancing (July) occurring on the same day UPC was bought by Sprott.
+* URA when they next rebalance (January 2022) will have to buy up SPUT to make up to \~10% of their index
+
+The flywheel effect gains even more momentum, drives money not only directly into SPUT but also indirectly from the robot buying that the ETFs will do as more investors pile into these ETFs. And so the flywheel begins to spin faster and spread further.
+
+​
+
+**\*\*\*\* Due to reddit character limits the "Everything About Nuclear Power and the Uranium Bull Market" is split in 2 parts. \*\*\*\***
+
+See link below for Part 2 - covering: 
+
+* the Negatives of Nuclear Power, 
+* Other Uses of Nuclear Reactors, 
+* Small Modular Reactors (SMRs), 
+* Nuclear Spent Fuel (Waste), 
+* The Cost of Nuclear, and the 
+* Summary and key take-aways of the combined part 1 and 2 posts.
+
+Additional Links
+
+* Link to Part 2 - Everything About Nuclear and the Uranium Bull Market
+* Link to the Google Docs Version of THIS post  \*will be posted soon\* parts 1 &2 combined
+* Link to the [U3O8-Ultimate Uranium ASX Company Performance and Update](https://www.reddit.com/r/ASX_Bets/comments/qpzbfk/the_u3o8ultimate_asx_uranium_company_performance/) Post
+* Link the **google docs** [version of the above ASX Company Update](https://docs.google.com/document/d/18rQ7-pHCdA3ZU03glXPvwznOTC6Dhk4c/edit)
+* Link to [Strategy Notes to Play the Cycle and the Bear Case](https://www.reddit.com/r/ASX_Bets/comments/qqierc/strategy_notes_to_play_the_cycle_and_the_bear/)
+
+^(Disclaimer: Thanks to a number of members of this sub that helped contribute to this post, particularly) /u/Mutated_Cunt ^(and) /u/gloriathehippo^(. A pot of this information has been compiled based off experienced people in the industry and great advocates for the sector, including Brandon Munro, Justin Huhn (Uranium Insider) and a vast number on of members on uranium twitter including John Quakes (Quakes99) and many others. This is obviously not financial advice and is only provided to help educate in those interested in learning about the interesting sector.)
+Nuclear the Global Fit; What is Spot, Sprott, and Sput; ETF influence; Small Modular Reactors; Cost of Nuclear and the Bear Case Points
+
+https://preview.redd.it/t6g6fr1hn3z71.png?width=676&format=png&auto=webp&s=7408556682bf3178b15139bd8a9718f91ee5079c
+
+# 1. Introduction
+
+Without a doubt, 2021 has been the most pivotal year for the uranium industry in more than a decade. The markets, politicians and corporations appear to have recognised that without nuclear power being a part of the energy conversation, a sustainable, zero carbon emission future will be near impossible to achieve.
+
+Political will has been coupled with a multitude of bullish factors. Existing Uranium demand is greater than our current supply, and this excludes the additional strain expected on the world’s power grid with the rise of electric vehicles. With these factors in mind, the emergence of the Sprott Physical Uranium Trust (SPUT) has propelled the spot uranium price into near decade long highs, and on the verge of making new mines profitable. 
+
+The best part is that the current cycle is still in its infancy. New production is unlikely to come online during the next 12 months. Further uranium price increases will be necessary for brownfield and almost all greenfield projects to commence.
+
+But before we dive into the uranium market performance, understanding how Sprott works, SMRs and why it's so controversial, let's look at what it is all for --> emission free nuclear energy.
+
+# Nuclear Physics 101 
+
+Brought to by /u/Mutated_Cunt
+
+Alright time for me to take over and make this more deranged/suitable for /r/asx_bets. This is where you cunts interested in this sort of thing get a primer in nuclear physics.
+
+Everything practical about Nuclear Energy is based on our understanding of this chart, the average binding energy per nucleon (protons or neutrons) as a function of the number of nucleons in the nucleus.  [The Binding Energy Curve of Common Isotopes](https://upload.wikimedia.org/wikipedia/commons/thumb/5/53/Binding_energy_curve_-_common_isotopes.svg/1280px-Binding_energy_curve_-_common_isotopes.svg.png)
+
+https://preview.redd.it/90sggxc7k3z71.png?width=641&format=png&auto=webp&s=6f438e826e4d9b2127c2cb564b315e169366eb54
+
+Because of the equivalence of mass and energy (E = mc2 ), this chart tells you two ways to make energy. You can combine two very light nuclei to make a heavier one (fusion), or you can split a heavy nucleus into smaller fragments (fission). If you are at the Fe-56 nucleus, you cannot generate any energy as you are at the “peak” of the binding energy curve.
+
+Currently, all nuclear power plants in commercial operation use fission of the isotope U-235 (92 protons, 143 neutrons) to produce energy. This is because U-235 is the most abundant “chain reaction” isotope. You trigger fission of  U-235 by firing a low energy neutron at it. When splitting, along with two large fragments, the nucleus fires off an additional 2-5 neutrons (avg 2.5), which trigger more reactions, more neutrons, and so on. 
+
+Only 0.1% of the mass of a U-235 atom is converted into energy, but this is more than enough to power a civilisation. To give you an idea of how absurd this energy density is, from one kg of coal you get 8 kWh of power, but in one kg of U-235, you can get 2,400,000 kWh of power.
+
+ 
+
+[Energy Density Comparison of 1x Uranium Pellet to Other Fossil Fuels](https://preview.redd.it/eyjiyff7j2z71.png?width=565&format=png&auto=webp&s=33e8a6a104311eb8165dd986feee24992a58a253)
+
+Luckily for us, U-235 is a rare isotope. From natural Uranium mined from the ground, you get about  99.275% U-238 and 0.7202% U-235, with the rest a mixture of other useless isotopes. For our beloved U3O8 miners, this means we got to dig up a substantial amount out of the ground ($$$$$) to get enough of the magic U-235 isotope. 
+
+After digging up the ore, you have to enrich your yellow cake to increase the relative concentration of the U-235 isotope. For weapons grade Uranium, this is about 70% U-235, but for reactors, we only need about 10-20% U-235. This process is where the centrifuge comes in. Because you have a very slight mass difference, if you spin it around in a chamber, the heavier isotopes on average move further to the edge. You extract the Uranium that is closer to the middle of your centrifuge, and on average, that Uranium is richer in the light isotope U-235. Repeat this process a ridiculous amount of times, and you’ll have some very nicely enriched Uranium (as long as Israel doesn’t get involved). 
+
+## Nuclear Fusion
+
+One thing an observant one might notice about the binding energy chart is that the slope of the energy per nucleon determines how much energy you get. You’d also notice that on the “fusion side” of the chart, this slope is much much steeper than the “fission side”. This implies that fusion has an even more enormous potential for creating power than any fission plant, and also explains why Hydrogen bombs are the most terrible thing humanity has ever created. 
+
+Essentially, for fusion to generate power, you need a large source of power to bring atoms close enough to fuse to give you an even greater source of power, because positively charged nuclei repel.  Fission has no such problem, because the “initiator” of the reaction is a neutron (neutral particle).There are two ways to find this power. A. you can build a Sun and use its gravitational effects, or B. you can use giant magnets to force the charged particles to collide. Obviously, the most developed experiments use option B, building Suns on our planet is rather difficult. 
+
+It is a common joke in the Nuclear physics community that “Nuclear fusion has been 50 years away for the last 50 years”. If you ask an actual professor if fusion will be available soon, their most likely response is to laugh in your face. 
+
+Why is this? You need to simultaneously solve Maxwell’s equations of electrodynamics and the Navier-Stokes equations of fluid dynamics to control your Plasma to generate fusion. Sorry for any PTSD I just caused those who took those courses. Considering no known solutions exist for the latter, good luck. The “more wrong” your electromagnetic fields are, the  “less control” you have of your plasma, and the more power you need to generate to “correct yourself”. Current frontier experimental nuclear fusion can sustain a “net positive fusion power generation” for merely a few seconds at best, then it turns back into a power dump that accelerates global warming.  
+
+You can safely predict there will be no economically viable method of nuclear fusion generating power plants in this century. 
+
+# Nuclear Power 101
+
+All of today’s commercial nuclear plants use nuclear fission for harnessing the immense energy that is released from breaking apart dense fuel materials such as uranium (most common), but also plutonium and thorium (far less common).
+
+The difference between a nuclear bomb and nuclear power plant is that a bomb has all the energy released very rapidly and a power plant controls the reaction in a stable and constant form.
+
+Remember how I mentioned that a fission of U-235 occurs when a low energy neutron hits it? Well, the reason that all nuclear power plants aren’t atomic bombs is that fission produces “fast neutrons”. To have a successful chain reaction, you need a material to act as a “moderator” that can slow down your neutrons to produce more fission events. 
+
+As well as moderators, another essential feature of a nuclear power plant are the control rods. These are giant rods made of a material that absorbs neutrons (cadmium, boron, hafnium). As the neutron flux within the reactor increases, you reduce their R\_0 (just like covid) in proportion to how far the control rods are inserted. This allows for a nice, steady power flow that is pretty much automated these days. 
+
+The most common Nuclear reactor in the world are pressurised Water Reactors (PWR). Because water is an excellent moderator of neutrons, and you use heated water to power turbines, you get a two for one solution with this reactor design. 
+
+That’s right, from two millennia of progress in the physical and natural sciences, we have combined the profoundly unintuitive consequences of special relativity with the mastery of atomic physics to boil water. The best carbon free way to make your lightbulbs turn on is to build a giant kettle boiled by splitting atoms.  
+
+https://preview.redd.it/41z47nenp2z71.png?width=1135&format=png&auto=webp&s=90ce3d7639b50cd5a36129016faa6938b6f4208b
+
+# Nuclear Efficiency vs Other Renewable Energy Sources
+
+​
+
+[Sprott Info Graphic - Smashing Atoms](https://preview.redd.it/hqz2pyyoq2z71.png?width=1161&format=png&auto=webp&s=b7d78b036ecac744d0f08e4f8f5b46ee6262fd01)
+
+# The Capacity Factor
+
+A power source’s capacity tells you what you are capable of producing (i.e 1 GW), but the capacity factor describes how much you live up to your potential ability to produce. 
+
+https://preview.redd.it/o93mvgb7s2z71.png?width=922&format=png&auto=webp&s=ccd32949320bfd274dcc8008524bb0abc49ad24d
+
+https://preview.redd.it/xlbnkz7mo3z71.png?width=675&format=png&auto=webp&s=320d97bb6439c68c1e6b2f0352226b72b121ddc6
+
+**Extra reading**
+
+* If you want to learn more about the history of how we got from Smashing Atoms to the discovery of fission - this is a really good infographic that Sprott has developed - [History of Developing Nuclear Energy](https://sprott.com/investment-strategies/physical-commodity-funds/uranium/uranium-infographic-smashing-atoms-the-history-of-uranium-and-nuclear-power/)
+* For some additional interesting and detailed information on nuclear power and [today's nuclear power contribution around the world](https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today.aspx) \- check out the World Nuclear Association (WNA) website and Pages. Particularly \^this one.
+* Also /u/Mutated_Cunt is available for questions, tone of response will be in proportion to sensibility of questioning.
+
+# The Negative View of Nuclear Power
+
+But if nuclear power is so great, why does it not supply 100% of the global energy and power requirements? Well it could, but we have some problems. First of all, Nuclear has an absolutely terrible PR team. In the public perception, Nuclear Power is defined by its two major failures, Chernobyl and Fukushima, not the 18,500 cumulative “reactor years” of operation in 36 countries around the world. 
+
+As of 2019, Nuclear power reduces our carbon emissions by 470 million metric tons per year, equivalent to removing 100 million passenger vehicles from the road. At its very worst, Nuclear power can make a region unsafe for human life for the next 100-200 years. In comparison,  fossil fuels will make the entire world unsafe for humans forever. Fighting climate change without Nuclear power is like challenging Mike Tyson to 12 rounds but with one arm behind your back. At least pretend to give yourself a chance. 
+
+Of course, an ideal world would replace Nuclear power with various forms of renewables and completely forget about toxic waste.  But guess what, we don’t fucking live in that world. We’ve got one where environmental activists are campaigning to phase out nuclear without sufficient renewable capacity or capability. No prizes for guessing what fills that gap.  There is no desire that nuclear power replaces renewable energy sources, we need to be working together to conquer fossil fuels. Further still, no power source is without its negative consequences.
+
+A number of green renewable energy sources have several negative environmental consequences. Hydroelectric dams have a devastating effect on local ecosystems, and cause catastrophic damage with floods/breakages. Large volumes of critical minerals are mined for manufacturing solar photovoltaic cells with a significant carbon footprint with limited recyclability. The short life spans often result in filling up a landfill with solar panels and turbine blades. 
+
+But the global situation is about reducing carbon emissions, particularly from fossil fuels (burning of coal, gas and oil) to prevent climate catastrophes and clean up our precious breathing air. 
+
+Nothing is perfect or will provide a one fit solution, but nuclear power is considered necessary and viable in providing a baseload power which in many countries is still being provided by fossil fuels. Some countries have walked away while many others, especially in the Middle-East and developing countries, are giving it their best shot. 
+
+# 2. The Uranium Bull Market
+
+Over a year  ago (Sep 2020) I shared an in depth coverage of the “Global Uranium Bull Market” that was unfolding. The post was then revamped in Feb 2021 (Link to [The Emerging Global Uranium Bull Market](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/)) and between the two posts they covered: 
+
+* The decade long decline of supply since 2011 
+* The lack of new mining and production developments due to suppressed U3O8 price for long periods (>10yrs)
+* The drawdown on inventory supply by utilities as mines were shut-in
+* The growing demand for nuclear - especially from China, Europe, the Middle East and Asia 
+* The impact of Covid-19 on supply - the postponement of production from the largest global producing mines in Canada and Kazakhstan
+
+As well as what ASX stocks were involved with Uranium at the time and my best guess for maximum leverage.
+
+**The Outstanding Supply/Demand Dynamics**
+
+* Today 442 nuclear reactors supply 11% of the global baseload electricity and heating requirements
+   * About 200Mlbs per year of uranium fuel total consumption
+* \~20Mlbs pa sector deficit + additional 22Mlbs disruption in 2020 due to covid
+* Covid extended through 2021 resulting in further reduction in mined supply; total \~50-60Mlbs deficit by end of 2021 anticipated
+* Limited new supply has become available (Uranium Spot price not high enough)
+* Rapid growing demand for more nuclear power plants and improved technologies:
+   * 442 nuclear reactors currently operating in 32 countries
+      * US(95), France (57), China (47), Russia (38), Japan (33)
+      * Total 200million pounds of uranium per yr 
+   * **52 New Reactors under construction** right now. Majority in China (18) and India (7) with South Korea (4), Russia (3), Turkey (3), UAE (2), the UK (2)...
+   * **101 Further Planned** (approvals, funding or commitment in place): China (37), Russia (27), India (14), Egypt (4), UK (2) (+16 SMRs), USA (3), 
+   * **325 Proposed New Reactors** (specific programme or site proposals, timing uncertain)
+      * China (168), India (28), Russia (21), Saudi Arabia (16), Japan (8), South Africa, (8), Turkey, (8), USA (18), Poland (6), Brazil (4)
+
+The below graph represents the demand and known anticipated supply of uranium. The pink area is the unspecified supply gap. A new source needs to be found to fill up this curve.
+
+[Growing Demand vs Total Existing and Known Future Supply](https://preview.redd.it/do7p753123z71.png?width=602&format=png&auto=webp&s=760db45a0c0e4b117efb511af54c87776797795f)
+
+ \***Very Important\***
+
+* Unspecified supply (pink area) is supply that will need to come from mines that are not yet sufficiently advanced for The World Nuclear Association (WNA) to include in their database. 
+* This report was last published in 2019. Next report update anticipates an even wider gap of unspecified supply
+* WNA reference scenario did not account for: Covid disruptions, Kazataprom extending supply discipline measures, financial buying (Sprott + Kaz physical trusts) and junior uranium companies buying physical uranium off the market.
+* The Red arrows represent where actual uranium supply is tracking, extending the supply deficit.  
+
+ 
+
+Most of the new energy demand is coming out of Asia where 60% of the world’s population lives. We are also seeing renewed interest across the rest of the world, including the Middle East, Canada, USA, Russia, the UK, and countries in Europe. However, China is massively leading the way in building new nuclear energy, as well as wind and solar.
+
+# China is Becoming A Nuclear Power House 
+
+China is building reactors of almost all available designs and are also putting a lot of development into the smaller and cost competitive Small Modular Reactors (SMRs) - which they intend to eventually outsource and become a major competitive supplier to other parts of the world.
+
+During 2016-2020, China built 20 new nuclear power plants with capacity of 23.4GW, **doubling their total capacity to 47GW**. Their next target is **70GW** of nuclear generation **before 2025**. According to Luo Qi of China’s Atomic Energy Research Initiative, “**By 2035**, **nuclear plants in operation** should reach around **180 GW**” which will be more nuclear than the United States and France combined. China is even setting up a [nuclear university in Tianjin](https://www.scmp.com/news/china/society/article/2151693/china-open-university-tianjin-train-workers-nuclear-power) to train nuclear workers for this expansion.
+
+China is planning at least 150 new reactors in the next 15 years (by 2035)! Consuming an additional 80-90Mlbs
+
+While the world nuclear fleet amounts to 442 reactors today, that marks an increase of \~30% from China alone. Add to that the future new reactors of India, Saudi Arabia, Turkey and Europe,... We have a Nuclear renaissance.
+
+**What's Changed? (last 6-12months)**
+
+Well the thematic driving the market is still the same - supply is low, demand continues to grow and there is a supply deficit pinch unfolding. That part hasn’t changed much, other than a few factors increasing on the demand side and other financial institutions now playing a part on the supply side.
+
+But what has notably changed the most is the now more common and growing awareness by politicians, corporations and the public of just how useful and important Nuclear Energy is. Especially in combating climate change and reducing emissions while advancing global electrification.
+
+# Signs of an Important Political Shift in Europe
+
+A sea change in Europe:  Europe is turning around as a whole in accepting nuclear power as a clear player to net zero emissions. (as well as Japan, Saudi Arabia and more)
+
+[European Companies \\"For\\" Nuclear to be Included in EU Taxonomy](https://preview.redd.it/2umzf4bu43z71.png?width=602&format=png&auto=webp&s=ab1bb41305dbba0c8a939ab0f84e21907268ccc8)
+
+* This doesn't mean Germany is going to re-board the nuclear train.
+* But it does mean the EU taxonomy on nuclear being denoted as a green finance energy source. The additional ESG funding and investment this attracts is HUGE!
+* Group of 10 EU companies formed a nuclear alliance, led by France. Netherlands then asked to be included (10+1)
+* This could mean we see Belgium turn around and put on the brakes of shutting down their 7 nuclear reactors. Also we may see Spain turn around and flip to being pro nuclear from the current left government anti-nuclear stance.
+* The forecasted supply gap in 2019 assumed the closure of multiple European reactors in 2020-30. Lifetime extensions on these plants is a game changer.
+* All happening in lead-up to COP 26 and all happening in an energy crisis.
+
+Now there are consequences for politicians if there is an energy crisis. If in February there are issues providing electricity for heating etc then politicians will be hanged (metaphorically) for not making decisions that will put them on the proactive foot for the coming winters. There's accountability now.
+
+* What has held nuclear back is public perception and policy makers fear of public perception.
+* This energy crisis unfolding in multiple parts of the world could be the attested moment for a lot of this public perception fear to change. Climate change fear is outweighing the fear of nuclear.
+
+The world is also on the cusp of introducing small modular reactors (SMRs) to create a layered demand source for uranium. The promise is a smaller, safer design with high versatility. Imagine what problems we could solve with a power plant that can be transported on the back of a truck. SMRs can help industry more than help the government. See the SMR section for latest on that front and the developments currently under implementation.
+
+Overall upside scenario - entering the new nuclear renaissance. Not necessarily a new renaissance but more a modern reframing in a narrative that people can understand and get behind. The underlying technology hasn't changed.
+
+# Recent Major Headlines Affecting Uranium/Nuclear
+
+* COP26 - the United Nations Climate Change Conference
+* **Japan's** industry minister says nuclear power is crucial to its net-zero goal.
+* **Dutch government** vows to throw its weight behind nuclear energy in Europe.
+* **Ghana** seeks to add carbon-free nuclear to its energy mix for the first time.
+* **Romania's** new energy plan will double its use of nuclear power by adding two new reactors.
+* **The UK** commits to decarbonize its electricity system by 2035, 15 years sooner than its previous 2050 target. “The UK government will announce plans to fund a new nuclear power plant before 2024 election as part of its Net Zero strategy” - [New Nuclear Power Plant in UK](https://www.reuters.com/world/uk/uk-fund-new-nuclear-power-station-part-net-zero-drive-telegraph-2021-10-17/)
+* Rolls-Royce in talks with Amazon and other US tech giants to power data centers with SMRs
+* **China’s** climate goals hinge on a [US$440 Billion Nuclear Buildout](https://www.bnnbloomberg.ca/china-s-climate-goals-hinge-on-a-440-billion-nuclear-buildout-1.1675953)
+* [Europe ESG Funds in Assets Hits US$1.4 Trillion in investors cash](https://www.bloomberg.com/news/articles/2021-06-15/european-esg-funds-hit-record-1-4-trillion-in-assets-last-year) being steered toward strategies that address environmental, social and governance considerations.
+   * If nuclear power gets included in the EU Taxonomy, the nuclear sector will get access to ESG funds to invest in the Nuclear sector
+* **Russia** \- [to construct 24 new reactor units](https://world-nuclear-news.org/Articles/Rosatom-targets-24-new-reactor-units-in-Russia-by) \-  “Rosatom has announced that implementation of Russian President Vladimir Putin's decision to increase the share of nuclear power in the country's energy mix to 25% by 2045”
+* **Saudi Arabia** “intends to become a leader in renewable energy by [building 16 nuclear reactors by 2030](https://www.arabnews.com/node/1955676/business-economy), estimated to cost more than $100 billion with a combined capacity of 22GW.”
+* **US** is **‘**[Very bullish’ on new nuclear technology ](https://news.yahoo.com/us-very-bullish-on-new-nuclear-technology-granholm-says-110016617.html) and Congress passes Bipartisan [Infrastructure Bill with Nuclear](https://www.nei.org/news/2021/congress-passes-infrastructure-bill-nuclear) in a key energy role
+
+**Massive Uranium Financial News Marker - Kazataprom Physical Fund:**
+
+On the 18th-Oct Kazataprom (largest global producer of Uranium) [announced their investment into a physical uranium fund](https://www.kazatomprom.kz/en/media/view/kazatomprom_obyavlyaet_ob_investirovanii_v_fond_fizicheskogo_urana) \- A second major fund that will complement and compete with the relatively new but already the largest physical uranium fund - Sprott Physical Uranium Trust (SPUT).
+
+The Fund (ANU Energy), established on the Astana International Financial Centre (AIFC) will hold physical uranium as a long-term investment with its initial purchases financed through the founders’ round investment totaling US$50 million, sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the Fund Manager) at 3%.
+
+At the second stage, the Fund is expected to raise capital of up to US$500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases.
+
+​
+
+# 3. The Three Sp's: Spot, Sprott and Sput
+
+**The Uranium Spot Market**
+
+Unlike other metals such as copper, nickel, gold or iron ore; uranium is not easily traded on an organised commodity exchange (London Metals Exchange for example). Instead, it is traded in most cases through contracts negotiated directly between a buyer and a seller. More than 95% of uranium trade is via 3-15yr term contracts with producers (miners) selling directly to utilities (power stations), reflecting security of supply. NOTE: utilities need secure supply as they cannot risk having to shut down their power plants for lack of nuclear fuel - it is very very costly to shutdown, yet alone start-up again.
+
+The Spot Uranium Market is mostly made up of some approved traders (hedge funds and uranium funds), as well as some spot supply from U3O8 enhancement and storage facilities and often traded between producers who may need to meet term contracts. But this is relatively only a small function in terms of satisfying reactor needs.
+
+Utilities purchase uranium under specified pricing (series of fixed prices) or market-related pricing which is linked to the delivery date and often trading at a premium (sometimes a discount) to the spot market indicator. Spot is what everyone looks at, but what is the underlying focus for companies is the term price.
+
+Only a small percentage of uranium in circulation is traded on the spot market. The liquidity is pretty low. Liquidity typically has been around 220,000lbs a day, until recently when Sprott started rocketing it up close to 400,000lbs a day. 
+
+This near doubling of liquidity has meant  that the Spot market price has risen from US$32/lb in early August to a high of US$50/lb by mid September, and settled around the mid $40s going into October. 
+
+But what is Sprott?
+
+**Sprott Asset Management**
+
+Sprott, founded by Eric Sprott in 1981, is an investment firm and asset management corporation. They are a resources giant out of Canada with a focus on acquiring precious metals, managing bullion trusts, equities and mining ETFs .
+
+They hold 4 bullion trusts (Gold, Silver, Platinum and Palladium) worth a total \~US$13Billion and have an overall \~US$18.6B total in assets under their management with over 250k investors.
+
+During the last uranium cycle (2005-2011) Sprott developed a financial vehicle for buying physical uranium. But they were “late to the party”, in that fund didn't kick off until about 2010. But this cycle they have come in much earlier not only with buying up uranium equities but also in having a physical uranium investment vehicle established before other major funds.
+
+On April 28th 2021 - Sprott Asset Management Group [entered into an agreement ](https://www.sprott.com/investor-relations/press-releases/sprott-asset-management-enters-into-agreement-with-uranium-participation-corporation-to-form-the-sprott-physical-uranium-trust/#)with Uranium Participation Corp (UPC) to form Sprott Physical Uranium Trust (SPUT). The partnership allowed Sprott to be an authorised and approved entity for buying, investing in and holding physical pounds of uranium. It is a trust that allows investors (fund managers and retail) to invest in holding uranium without having to be an approved uranium trading entity.
+
+**Sprott Physical Uranium Trust (SPUT)**
+
+Sprott filed for an At-The-Market (ATM) equity offering sales program → i.e. an investment vehicle that allows them to issue shares into the open market whenever they are trading at or greater than 1% of their Net Asset Value (NAV), up to a certain amount. They then use the proceeds generated to buy additional physical uranium and charge a 0.35% annual management fee.
+
+* The initial ATM was for US$300mill and on August 17th the ATM went live - issuing the first shares. They immediately started buying physical uranium for the Trust.
+* Within 3 to 4 weeks their aggressive buying on the spot market, spending close to their max $300mill, drove the spot price up over 50% from $32/lb to US$51/lb.
+* On the 9th September 2021 Sprott amended their shelf prospectus and increased the ATM from US$300mill to US$1.3Billion
+* As of 12th Nov 2021 SPUT has purchased a total 19.4Mill lbs, raising approx US$903.68million or 69.5% of their US$1.3billion ATM and have approx US$57.2mill cash on hand.
+* To keep up to date how much SPUT is buying - here is a [Sput Tracker Google Sheet](https://docs.google.com/spreadsheets/d/1cH_2BM6T48FJDP8ShHBL9IRGFbR99ChH_SPSAWRGvt0/edit#gid=504025026)  updated daily - courtesy of Alex Weinstein on twitter.
+
+**But what if SPUT just sells their uranium?**
+
+SPUT is a closed-ended fund, unlike ETFs which are open-ended,  there are no redemption options when SPUT units are sold or bought-back. SPUT’s mandate is to accumulate physical uranium and sequester it, not to return pounds to the market.
+
+Sprott makes their money from the 0.35% annual management fee. It is in their best interest to build the trust up in value and then hold for long term sequestration.
+
+John Campigoni, the CEO of Sprott Asset Management, stated “The only circumstance under which SPUT would sell uranium would be if it were necessary to cover the expenses of the Trust.” In short the only selling would be in small amounts if (ever) needed to cover operating expenses.
+
+They are an investment vehicle that offers direct exposure to the uranium price. 
+
+If the uranium price drops, SPUT buys at lower prices. If SPUT is trading at less than 1% premium to their NAV then they cannot issue more units to raise funds until it increases again, which will swing on market sentiment. But when the fund share units are trading > than their NAV then they issue additional shares to buy additional U3O8 (and UF6) in the spot market to increase their NAV so that the premium over NAV decreases. That additional spot buying pushes the uranium spotprice higher which in turn drives further sentiment in buying more SPUT. And hence a Uranium flywheel effect is created (see below) 
+
+[Price of Uranium Futures and Impact of SPUT](https://preview.redd.it/zpoywmu5b3z71.png?width=602&format=png&auto=webp&s=05534677cff1db8f13051d2fba50d1efd5ac7abf)
+
+# Exchange Traded Funds (ETFs)
+
+Unlike Gold where there are dozens of ETFs, Uranium only has 4 pure play ETFs.
+
+* **The Global X Uranium ETF** (ARCA:URA) - US ETF tracks mostly miners. Largest ETF
+* **North Shore Global Uranium Mining ETF** (ARCA:URNM) - lists both producers and explorers
+* **Horizons Global Uranium Index ETF** (TSX:HURA) - ETF for Canada created in 2019
+* **VanEck Vectors Uranium + Nuclear Energy ETF** (ARCA:NLR) - launched in 2007, tracks market cap
+
+ETF, exchange-traded funds, are somewhat like a mutual fund but are traded like a single stock. They are made up of a basket of stocks (and funds like SPUT). The biggest in the uranium sector are URA and URNM.
+
+* When investors see the spot price of uranium increasing, they turn to the ETFs to seek broad exposure to the sector.
+* URNM and URA have seen triple-digit gains in the past year, with URNM up 216%, while URA has gained 146%
+* These ETFs have grown about 10xfold in asset value the last year
+* The URA ETFs rebalance semi-annually - usually on the last business day of January and July. Last rebalance in Jan 2021 saw a number of ASX equities such as Deep Yellow, Bannerman, Lotus and Peninsular Energy added to the ETF index.
+* URNM tracks a market cap of uranium miners, explorers and developers and rebalances quarterly through-out the year.
+* URNM holds 8% of their portfolio in SPUT. While URA will be adding SPUT in January 2022
+
+https://preview.redd.it/mnqzdv2hd3z71.png?width=580&format=png&auto=webp&s=48caf45eb3c0a6766090ae5ae38402933db9d1e4
+
+[URA Top 10 holdings](https://preview.redd.it/ix3zfhukd3z71.png?width=580&format=png&auto=webp&s=5cb950b13fff61071e5c0cfa1e175ca1f74f7094)
+
+# The Uranium FlyWheel Effect
+
+ Credit to Brandon Munro from Bannerman Energy for providing the graphics and for a more detailed [video explanation](https://www.youtube.com/watch?v=kdebMTuzetk) \*\*watch from 11:40min mark. 
+
+​
+
+[Uranium FlyWheel Effect and Additional Dimensions](https://preview.redd.it/5rudxxwqd3z71.png?width=635&format=png&auto=webp&s=569a7187dc5b377a6d89f6b3d011587e55388135)
+
+ **Flywheel Effect summary**
+
+A financial Investor (SPUT) raises money at their ATM Facility → they buy physical lbs of uranium with those funds → increases the demand for uranium → results in increasing the price of uranium → drives sentiment → drives further demand of SPUT units (on TSX) which enables SPUT to trade at a Net Asset Value premium → SPUT issues more units → Buys more Uranium and the cycle continues.
+
+Additional market participants buying uranium other than SPUT adds an extra dimension to the flywheel. 
+
+* We are now seeing more traders and hedge funds come into the market. Producers who need to buy uranium to meet long term contracts, and soon utilities will be entering the market more and more.
+* This has created extra demand, increasing the price, and so the wheel spins
+
+Now the ETFs add a further dimension to the flywheel.
+
+* URNM holds 8% of their index as SPUT
+* URA doesn’t hold any SPUT by a fluke event of the last rebalancing (July) occurring on the same day UPC was bought by Sprott.
+* URA when they next rebalance (January 2022) will have to buy up SPUT to make up to \~10% of their index
+
+The flywheel effect gains even more momentum, drives money not only directly into SPUT but also indirectly from the robot buying that the ETFs will do as more investors pile into these ETFs. And so the flywheel begins to spin faster and spread further.
+
+​
+
+**\*\*\*\* Due to reddit character limits the "Everything About Nuclear Power and the Uranium Bull Market" is split in 2 parts. \*\*\*\***
+
+See link below for Part 2 - covering: 
+
+* the Negatives of Nuclear Power, 
+* Other Uses of Nuclear Reactors, 
+* Small Modular Reactors (SMRs), 
+* Nuclear Spent Fuel (Waste), 
+* The Cost of Nuclear, and the 
+* Summary and key take-aways of the combined part 1 and 2 posts.
+
+Additional Links
+
+* Link to Part 2 - Everything About Nuclear and the Uranium Bull Market
+* Link to the Google Docs Version of THIS post  \*will be posted soon\* parts 1 &2 combined
+* Link to the [U3O8-Ultimate Uranium ASX Company Performance and Update](https://www.reddit.com/r/ASX_Bets/comments/qpzbfk/the_u3o8ultimate_asx_uranium_company_performance/) Post
+* Link the **google docs** [version of the above ASX Company Update](https://docs.google.com/document/d/18rQ7-pHCdA3ZU03glXPvwznOTC6Dhk4c/edit)
+* Link to [Strategy Notes to Play the Cycle and the Bear Case](https://www.reddit.com/r/ASX_Bets/comments/qqierc/strategy_notes_to_play_the_cycle_and_the_bear/)
+
+^(Disclaimer: Thanks to a number of members of this sub that helped contribute to this post, particularly) /u/Mutated_Cunt ^(and) /u/gloriathehippo^(. A pot of this information has been compiled based off experienced people in the industry and great advocates for the sector, including Brandon Munro, Justin Huhn (Uranium Insider) and a vast number on of members on uranium twitter including John Quakes (Quakes99) and many others. This is obviously not financial advice and is only provided to help educate in those interested in learning about the interesting sector.)
+Hey anon. Anon here.
+
+I’ve been investing in the BSC space for a while and I’ve literally never seen anything like this. It’s nuts. A PinkPanda community member (not part of the team) got a PinkPanda tattoo yesterday--that’s how excited this community is. What’s all the excitement about, you ask?
+
+It’s not every day that a brand-new memecoin on BSC drops a mobile app for both iOS and Android within a week of launch. It’s also not every day that a community-driven coin has big plans to develop a mobile-first, elegant exchange that supports 5x leverage. And it’s extremely rare that you see popular influencers, from Money Talk to Finance Bull, raving about a brand-new community coin within the first week. There’s even an upcoming AMA tomorrow on Satoshi Club, the largest crypto Telegram group with about 80k members. The price will prob spike when that happens imo.
+
+Most importantly, you’d be hard-pressed to find a community as jaw-droppingly active and HUNGRY as all of the pandas in the community are. They are hungry for something new in BSC--a project that delivers on its promises (launching a mobile app within a week is just insane) and is truly community driven. They’re hungry for bamboo and have hands of such solid diamond that they have trouble eating it.
+
+So yeah, anon. Drop into our TG or Discord and join the community. I think you’ll like it. Ask for the writer of this post if you want to chat--I’m a member of the community just like anyone else, and would love to welcome a new panda.
+
+DUE DILIGENCE STUFF: Contract renounced. Locked liquidity. Buy on Pancakeswap v2. Doxxed founder.
+
+The coin also has a charitable mission with $1000 already donated to cancer charities. The app is super sleek and they posted a roadmap about future releases with a new release coming this Sunday.
+
+Tokenomics
+
+* 1 quadrillion total supply
+
+Breakdown:
+
+* 50% burned (500T)
+* 20% presale (200T)
+* 20% initial liquidity (200T)
+* 5% charity and community airdrop wallet (50T)
+* 5% dev and marketing (50T)
+
+Taxes:
+
+* 5% of each transaction auto-locked in liquidity on Pancakeswap
+* 5% of each transaction automatically redistributed to PinkPanda holders
+
+💬 TG: https://t.me/PinkPandaDefi
+
+🌐 Website: https://pinkpanda.finance
+
+🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6
+I'm a software developer in my 40's and for the past few years I've been wondering if maybe I should start studying economics. I follow a fair amount of pop-econ content, I like working with data, and usually think outside the box when solving problems. I don't necessarily want to get involved with finance or even to work as an economist... I just get the sense that I would enjoy it, be good at it, and if I got serious about it, maybe I might acquire some data superpowers. Data science seems like a natural progression but I'm more interested in product management, but empowered by good analysis. 
+
+1. Am I oversimplifying, underestimating, or daydreaming or is this a reasonable idea?  
+
+2. what's the best way to get started? Is there some viable course of study that is not university (because realistically, I'm not quitting my work to go back to college at this point)?  
+
+I realize those are broad questions without much context but I hope it's enough. 
+
+Thanks!
+I'm 31, single, blew past my FIRE number, with a good earnings potential (currently unemployed) and a desire to keep working.
+
+My parents are early 60s, with 5 years left on their retirement plan. I've got 2 siblings.
+
+Anyone experienced helping their parents retire? They've saved well, but want to save another couple hundred grand before taking the leap, and I'd like to help them, maybe with the annual $15k gift allowance each ($30k total).
+
+We've started some conversations letting them know that I want them to be able to retire and I want to help, but still curious how others might have approached this.
+If bitcoin keeps going up at these rates we are going to see some seriously bad side effects here. you may not believe me, but all of these things are MAJOR issues. 
+
+- i only have enough room in the garage for 1 lambo. having to park the second lambo on the street is something i'm not comfortable with.
+
+- even at the best of times, my productivity at work has some serious holes in it.but recently i've noticed a direct relationship between the price of bitcoin and how much time i spend on reddit/gdax. by my calculations, when we hit 20k i will be spending exactly 61 minutes per hour looking at something crypto related. this is obviously impossible and will break time itself. 
+
+- The memes. We aren't sure what happens when memes reach a critical mass, we just don't have the technology to determine this yet. so far the best theory modern science can come up with is it forms some kind of meme-black-hole which absorbs any and all memes which happen to cross the event horizon. after all memes haves been crushed into the singularity we will be left with only "is it too late to buy bitcoin" posts. 
+
+I know the first and second rules of FIRE club - Do NOT talk about FIRE club.
+
+However, for those of you who chose to/accidentally let people in your life know of your accomplishment, how did they react? 
+
+In particular, if someone doubted your ability to FIRE because it's an "unachievable dream", how did they react? 
+
+How did it feel giving in your notice - did you get asked any questions?
+
+What are your experiences with the people around you?
+
+Curious to hear these stories.
+I have seen many news articles recently where in order to settle the claim, the family of dead person (in a road accident) had to pursue the matter in courts .
+
+1. https://m.timesofindia.com/city/ahmedabad/accident-claim-dispute-settled-for-rs-71-lakh/amp_articleshow/84486550.cms
+
+Claim amt. Rs. 71 lac, Insurance company : United India Insurance Co Ltd
+
+*2* 
+ https://www.google.com/amp/s/www.esakal.com/amp/pune/lokadalat-order-insurance-company-compensation-police-family-ass97
+
+Claim amt. 50 lac, Insurance company : ICICI Lombard
+
+*3* 
+ https://www.google.com/amp/s/www.loksatta.com/pune-news/compensation-of-rs-1-44-crore-to-the-family-of-a-computer-engineer-who-died-in-an-accident-zws-70-2560760/lite/
+
+Claim amt. 1.44 Cr, Insurance company: Name not disclosed in news article
+
+If anyone has experience with large claim settlements for term insurance, could you please share any tips for avoiding the claim rejection by insurance company. 
+
+Why do the term insurance claims for people who died in accident, reach courts at all?
+Just as the title states I want to know if it’s actually possible to come from nothing and become wealthy I’m young And have plenty  of years ahead of me to learn and master it before I go all in but was wondering if it’s actually possible to get to the 6 figures one day starting with a couple thousand I’d honestly even be happy with a good side income I just wanna hear y’all’s opinions on the matter!
+I'm in my early 30's and I've worked for about 10 years doing IT integration work for the federal government. I've built a lot of automated tools/scripts in that period to help me shorten integration times from months to days. I was the typical office drone collecting my paycheck and saving. Having grown up poor and seeing my parents struggle, saving was super easy. I was set to breeze into FIRE by mid 50's with something like $40k/year of spend.
+
+Then when things went into overdrive. Over the last 1-2 years, I launched a startup, monetizing my portfolio of tools. 10 years of work compressed into the one year. I now make about $1-1.5M with maybe 15-20 hours of "real" work a week. But this "success" is constantly challenging the principles and beliefs that I've held for the last 2 decades and it's confusing the fuck out of me. 
+
+For example, this past weekend, I found myself still doing unit price comparisons on potato chips. While checking out, a part of me is wondering did I really just spend 15 minutes trying to save a dollar.
+
+My perspective of the value is distorted and no longer aligns with my circumstances. But at the same time, I am anxious about the startup imploding so my scarcity mindset continues to manifest. And it feels wrong knowing that the behavior is not warranted but I don't know what else to do?
+
+How do people coming from making $50k a year into $1M a year change their beliefs and principles? What if that $1M/year was not guaranteed and could easily turn back into $50k/year? Is a Big Mac still a Big Mac if you're making $50k? $100k? $200k? $500k?
+
+I'm lost and I'm hoping those who have walked a similar path can offer me some guiding principles or point me to good books/resources or even just share your stories.
+I was going to post on a burner, but I'm not afraid of typing this. 
+
+Got a child on the way within a few months, so it made sense to get some more life insurance. My job's open enrollment just finished so I signed up through my health insurance provider. Got about 200k on myself which meant I needed to do an EOI (basically answer health questions). I'm 6'0 and over the past year hit 300 pounds and turned 30. Outside of that, no health issues. That easy "NO" to every question. Not even high blood pressure!
+
+Stock denial when completing my EOI. Letter in the mail? Height/weight. 
+
+Of course, my membership to the Y has officially been dusted off as of today. Of course, I'm eating oatmeal. Of course, I could get life insurance through other various outlets instead of my insurance provider (AETNA). Of course, In a year I'll probably be much, MUCH lighter and back to my weight 2 years ago....but this struck me deeply, as when reading this forum, it's usually monetary issues. The "how can I get out of debt?" or "what do I do with this extra money?" issues.
+
+This is the first time where myself and others on this forum have probably experienced this and felt ashamed. I can't continue to build my personal finance and be comfortable in life until I handle this weight issue, and I hope someone else who is reading this post realizes that their weight may be as bad as a credit score issue in the eyes of an organization.
+
+That's all. Be healthy. Might help you actually spend that huge pile of cash you're sitting on for retirement! 
+
+*The "obligatory edit"*
+
+- May be the first time on this forum's history that its been taken over by various fitness subreddits. So much great knowledge in here. 
+
+- Many folks from /r/keto have sent PMs. Thank you. I have access to a dietitian so I'm going to discuss those options first before diving into a diet. 
+
+- The oatmeal discussion is interesting. I'll finish out the canister I have before going to a more "fiber" solution, or just research further
+
+- Might be awhile before I can respond to PMs, but I thank y'all for those who want to assist me outside of Reddit with this. May not take you up on the offer, but I appreciate it. 
+
+- Of course, I love the minority who send nasty PMs...never change, internet. 
+I've been using them without a problem since 2016 then suddenly they disabled my account on 22th October without a further notice.
+I've sent them many tickets regarding my account their answer was "Your account under review" and they've been Ignoring me since then. 
+
+October 24 Portfolio
+https://i.imgur.com/KeasGmQ.jpg
+
+November 09 Portfolio
+https://i.imgur.com/ev9159y.png
+
+Disabled
+https://i.imgur.com/at2l3dc.png 
+
+Proof of access (Still disabled)
+https://i.imgur.com/fsZyjwd.png 
+
+Ticket #290258
+I'll update this thread If It's resolved.
+
+I'll reward 10% back to the community as a gift for supporting my case once this Is resolved.
+
+*Update 1#:*
+I appreciate a lot the support I'm receiving I'm overwhelmed really!
+And for those who's calling me fake I'll prove them wrong once my account Is enabled..
+and I have a question for you why would I fake such a story?
+
+
+*Update 2#:*
+Bittrex Requested additional documents yesterday, I've sent them what they requested 
+
+I'm waiting their reply..
+It's getting closer guys and I'll keep you updated once my account Is enabled!
+
+
+*Update 3#:* Still no news from Bittrex, Account still disabled.
+https://i.imgur.com/6yr5ZPf.png
+
+*Update 4#:* Still blocked and my Slack account Is deactivated as well..
+https://i.imgur.com/AgL3MRD.png
+
+GME prohibited recording from inside shareholder meeting and you taking pictures is putting in potential danger apes you take photos of. So stay fucking humble. Follow rules. 
+
+Why break rules of the company you care about and not respect other shareholders. You got into the meeting. Behave or be banned. How fkn hard is it not to post pictures from inside a room? Meeting is only 15 minutes. I understand you only take picture of piece of paper provided for you, but why on earth you have to disclose how other shareholders look?
+
+Taking pictures inside meeting is smol brain. I hope you get better.
+This is the #1 piece of FUD I’ve seen for the last 12 months and it’s just been blown to bits. I’ve been all-in on GME since Jan 20, 2021 and every week I see a post or comment either begging for or asking why not has a long whale just come in and blown up the hedgies positions (implying that because it hasn’t happened, the squeeze isn’t real). 
+
+It’s because they’re not allowed to do so by the SEC due to mArKeT mAniPuLaTioN. 
+
+Charles Gradante in his awesome tirade explains that retail, since we’re all just individual investors, were (and are) able to just keep buying and buying more shares and calls, which Melvin and other hedgies hedged by buying more shares, hoping the buying would eventually stop, but retail just kept buying more and more as the hedging raised the price more and more, death spiral infinity loop to Oort Cloud. 
+
+We were allowed to do it because the SEC can’t act unilaterally on millions of people simply buying a stock and options on that stock, it’s completely legal and normal market activity. So instead, the market makers, Shitadel especially, used their influence and power to get brokers to turn off the buy button. 
+
+Then the SEC and Congressional Finance Committee launched BS investigations that completely avoided talking about the real issues and instead talked about RETAIL needing to be regulated, rather than rightly pointing the finger at the market makers who abuse their privileges to swing the market to their whim and advantage. 
+
+So, at least from all this, we can finally put to bed the FUD idea that the squeeze isn’t going to happen because otherwise long hedge funds would just have blown up the whole situation by now. We now know they’re not allowed to and we simply have to continue holding, buying, DRSing, and also playing smart options (far-dated near the money or in the money calls) because THAT is the exact recipe that led to last year’s sneeze, and will ultimately lead us to the short squeeze. 
+
+This January, the end of **this month**,  we’re heading into the same conditions as last year but with a fraction of the liquidity, which means the price is WAY more volatile on MINISCULE volume. We’re seeing 10% upswings and downswings on less than 5 million volume. Do you not realize how fucking insane this is?
+
+Last year, that 10% price swing would take 50 million volume or more. If you were around last February, you remember that we used to forecast “slow days” by measuring if we got less than a million volume in the FIRST MINUTE OF TRADING. Now we’re lucky to see a million volume by LUNCH some days. 
+
+300,000 puts are going to expire this month that the hedgies have been using for a year to manipulate this stock down like sandbags on a hot air balloon. When those expire, the ropes are going to get cut, buying will start in order to roll forward their short positions, but the lack of liquidity is going to cause high price increases on very low volume, leading to a lot of the calls retail is holding going ITM, some of which are going to be exercised leading to more share buying by hedgies, leading to more low-volume price increases, and so on and so forth. 
+
+I didn’t intend for this to turn into a rant about all this. The bottom line is, by holding onto our positions and relentlessly increasing the pressure on them this past year by continuing to buy, hold, DRS, and buy far-dated calls, **we are smoking them out**. It is unprecedented that retail has organized (legally) to fuck over this short position and manipulation because a community like this has never existed before sharing in-depth market information and data for months on end. They never thought we would hold past February so they just kept doubling down again and again. 
+
+The longer they wait, the more expensive it becomes for them to delay closing their positions. We are winning ever so slowly and a catalyst from our company will eventually be the match that blows up this powder-keg. 
+
+Every short squeeze ever begins with a major shorting attack to force the price down as much as possible so they can begin to cover for as cheaply as they can to reduce exposure. One day they’re going to fail to reduce that exposure significantly enough and MOASS will begin. I’m jacked to the tits because I believe that “one day” may very well be at the end of this month. Us being at $130 right now is simply the calm before the storm.
+
+Edit: after hours GME go REEEEEE. Feeling pretty good about that last line now.
+Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. 
+
+NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn
+
+**Downvotes are discouraged. Be friendly.**
+
+**Use $SYMBOL FORMAT**  ($BB or $[BB.TO](https://BB.TO))
+https://www.cnbc.com/2022/06/15/biden-tells-oil-companies-in-letter-well-above-normal-refinery-profit-margins-are-not-acceptable.html
+
+President Joe Biden on Wednesday called on U.S. oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers. “At a time of war – historically high refinery profit margins being passed directly onto American families are not acceptable,” the president said in a letter to oil companies including Exxon Mobil and Chevron. ″[C]ompanies must take immediate actions to increase the supply of gasoline, diesel, and other refined product,” the letter added. Biden’s call comes as sky-high energy costs add to inflationary concerns across the economy. The national average for a gallon of gas crossed $5 over the weekend for the first time on record, according to AAA. 
+
+The national average now stands at $5.014, which is 54 cents more than a month ago, and $1.94 more than last year. Refiners can’t just ramp up output, with utilization rates already above 90%. Additionally, some refiners are now being reconfigured to make alternate products like biofuel. Refining capacity has dropped since the pandemic took hold, which is a factor in the rapid advance of fuel prices. Demand has returned as economies restart and people travel once again, but supply remains tight.
+
+Still, there is no easy solution. John Kilduff, partner at Again Capital, said refiners are working at historically high level. “There is nothing left to ramp up,” he said. Kilduff noted that no new refineries have been built in decades, but existing units have been expanded. Prior to the pandemic, there had been excess refining capacity, which pressured profits. “Years of sanctions on Venezuela and Iran, and now Russia, has more than contributed to the current situation,” he said. The industry says the administration’s policies are to blame for the surge in prices. “While we appreciate the opportunity to open increased dialogue with the White House, the administration’s misguided policy agenda shifting away from domestic oil and natural gas have compounded inflationary pressures and added headwinds to companies’ daily efforts to meet growing energy needs while reducing emissions,” Mike Sommers, president and CEO of the American Petroleum Institute, said Wednesday.
+Am I crazy in thinking people who pick stocks are crazy? I invest in strictly ETFs and guarantee long term holds like Apple. Are some people trying to get rich quick picking stocks and gambling their money on hopes of a quick buck? Seems easier to invest in practically sure things.
+Nausicaa Inu launched just 4 days ago and hit 20m only 2 hours after listing, its now consolidating at 8-10m and looking ready to fly. The core team burned $85k of their own tokens in order to give trust to the community. 
+
+The litepaper just released and its looking great, check it out to get a good overview of the project!
+
+They have a big secret announcement ready to drop at any moment and are working on a lot of things coming over the next few weeks, here are some of the updates:
+
+Some progress to report:
+
+⁃ A full rebranding is currently being planned
+
+⁃ We are in the process of speaking to an outsourced developer for a full professional website redesign. 
+
+⁃ Game development begins on Monday (medium article to outline the core fundamentals coming soon)
+
+- Idea for our second utility is hashed out, with more details to be announced over the following weeks
+
+- Huge giveaway at $50m and $100m mcap respectively 
+
+Initial marketing rollout to come soon including:
+
+• Onboarding of PR companies
+• Asian marketing rollout package
+• BTOK ads
+• DEXTOOLS banner
+• Several Youtube videos
+• Crypto Twitter promotion
+and more…
+
+Litepaper: drive.google.com/file/d/1d1Rj1-iIpA1pSvTX1wIlwOaGABq3Xyvx/view?usp=sharing&hl=en
+
+Website: https://nausicaainu.com
+
+Telegram: https://t.me/nausicainuerc20
+Hey everyone,
+
+I love seeing the hype building around the earnings call today. Really proud to see so many of you paying attention to these things. Who would have thought that one year into this mess, we'd still be teaching retards how to read numbers.
+
+It's apparent that many of you are looking really far into things without any reason to do so, and that is causing a lot of "hot air". We have no idea why the earnings call was moved forward (I can't even tell if it was moved at all). I personally think it would be a bit f\*ckey if they didn't expect some good news today (given the significance of St. Patty's day) but we have no idea if it has anything to do with RC's father's birthday, the death of the death star, pirates, or any of these things.
+
+The "market" is pricing GME **earnings / share around $0.84** and **revenues around $2.2 billion.** While I hope to see the actual results break these expectations, those are not unrealistic targets. One thing I look forward to hearing is the inventory turn-over between Q3 and Q4. They had a pretty big supply of inventory going into the holiday season and that could be huge, especially if the competition was facing supply issues.
+
+I trust the big changes that are being made to this company and those big changes can take time to pay off. Like many of you, I am in this for the long haul and will not be broken if the results are less than the hype.
+
+So please, manage your expectations and don't look too far into things. The last thing we want is for people to get uber upset over something that wasn't valid to begin with. Let's hope for the best and plan for the worst.
+
+**DIAMOND.F\*CKING.HANDS**
+Something marvelous happened. I work for the county and they did a salary survey and my position was found to be underpaid. So next paycheck I'll be getting a raise plus a 3% cost of living increase. I currently work part-time and I want to automatically save more money into my Ally accounts. Anyone have any ideas to avoid lifestyle creep? I currently work 2 side gigs, we have a roommate and my husband works full-time.
+When eventually their economy comes back after all this dumb war crap and the exchange rate returns would the exchange give you more us money?
+
+Might be dumb question idk.
+This may be a dumb question but If I perform a DCF analysis on a company and find that it’s worth $10/share and it’s currently trading ariund $10/share, is that considered to be cheap? In other words, should the stock be trading at some multiple to what I get from my analysis? Thank you
+I’ve got a tenant in North Carolina who hasn’t payed rent in months. Claims she got Corona like 3 times, and just lies and makes excuses. She’s been living in my house now for free because I can’t evict her due to eviction moratoriums! (According to my property manager) And now Biden is claiming they will have a moratorium until September 2021??
+
+Really frustrating. Is there anything I can do?
+
+If anything, it feels nice to at least commiserate with other landlords who might be going through  a similar situation.
+Is anyone else concerned about how our kids will afford to buy a house?
+
+What's your plan?
+
+Do they live with you until mid 30's until they save a deposit?
+
+Do we help them out by financially? If so how do you protect your money you lend them if there's a break up?
+
+Do you buy a house and rent it to them?
+
+Are they better off renting?
+Have you done this? 
+At work my role no longer exists and I am being asked to move to a new role but on a different career track, requires different skills and will mean retraining and a steep learning curve.
+I am thinking about declining the role but I guess that places me at risk of redundancy as they won’t pay me to sit around doing nothing. Part of me thinks that because of everything that is happening I would be mad to risk unemployment.
+(Posting on behalf of a friend)
+
+Hi everyone, right now I’m saving for 2 years of emergency savings. Once I meet that goal, I’m in a grey area on what to do next.
+
+Some details:
+
+\-Currently meeting company’s 401k match (investing 15% of my paycheck)
+
+\-Have invested a few thousand in stocks (mainly technology)
+
+\-Maxed out Roth IRA and HSA
+
+\-No kids
+
+\-No debt
+
+\-Not paying rent rn (living with parents until the pandemic gets better)
+
+I’m thinking of putting some money in Wealthfront for robo investing (just to meet the free $5k minimum because a friend will refer me). I also want to invest more in stocks. My main goal is to continue growing my money. I will also look into developing another source of revenue (real estate or a side hustle). 
+
+Is there any other goal or area that I could allocate my biweekly paycheck to? Should I look into a Traditional IRA in the future? I earn around 90k a year (not counting the bonus). Any advice or insight is appreciated. Thanks!
+
+EDIT: Added that I have also maxed out my HSA!
+I’m out. I saw a report today showing how much I’ve lost over the last ten years and I’m choosing to ride off into the sunset with my tail between my legs.
+
+I’ve traded on and off for about ten years. Success was always right around the corner. I had some really good stretches.
+
+I’m lucky that is not catastrophic and I have enough to live, but seeing that number made me feel as stupid as I’ve ever felt.
+
+Hats off to all of you who can make it work. Best of luck to all!
+Bought an amazing townhome 3 years ago in Portland for $385K, OR (I lived in San Francisco, CA). Hired an incompetent property manager and didn't fire quickly. Was planning to fire but other priorities took over. Ran into all the major maintenance expenses (roof, siding, drywall, flooring, etc.). The deterioration happened over those 3 years since the original inspection did not reflect these issues. Property vacant for the past 6 months while I fixed the issues, prepped it to be put up for sale and the process. Selling since we moved to a different country last year. Sale price is the same that I bought it at since Portland has not seen much appreciation on townhomes in 3 years and factoring in some buyer credits. 
+
+Lessons from this stumble on the journey to FIRE -
+
+1. don't ever buy an IP you can't drive to within a couple hours.
+2. Do proper IP analysis (Cash on Cash, Cap rate, etc.
+3. Pay extra for thorough inspection.
+
+Feel free to list others folks.
+
+Edited to 1st thank y'all for the input and 2nd to provide more details based on the comments. 
+
+​
+So I hear there's a recession coming. I know nothing about recessions and I'm scared for my money (currently kept in fiat):
+
+* What are the best things to put my money on to retain my value (rare metals, real estate, fiat, stocks)?
+* What will happen with the world economy (will I lose my job, get a lower salary)?
+* What should I expect, what changes to my life should I plan?
+
+Update: Thanks for all the comments.
+Hey there!
+
+My employer offers a 100% match on a 529 plan, up to $2000. I'm not planning on having kids, and I was curious if it made sense to take advantage of the match anyways.
+
+From what I've read, disbursements not used for education have their earnings taxed at your current rate + a 10% penalty. Even with the taxes and penalty, it seems like this is a smart option given the 100% match. In other words, I could use this like a savings account my employer matches.
+
+Does this make sense? Are there any scenarios I'm not thinking through?
+
+I'm already maxing out a Roth IRA, and I'm contributing 11% to my company's 401k (6% by me, 5% maximum match by the employer).
+
+Thanks in advance for any advice!
+Age: 29
+
+Total Comp = $105k
+
+Expenses = $20k
+
+Net Worth = $300k
+
+Career: Corporate Finance; 7 YOE
+
+​
+
+Hello everybody!  FIRE has been the only thing keeping me going in my current career (found MMM 5 years ago).  I've been experiencing extreme burnout for the last 2 years, and it has been affecting me mentally.  I just started going to a therapist yesterday over this (hopefully this helps!)...
+
+​
+
+It's made me think... Is the pain and suffering of grinding through a career you hate worth FIRE?  Am I missing the point of FIRE going down this path?
+
+​
+
+I feel like I should "enjoy the process" rather than the destination.  I question whether "magical happiness" happens the second I'm FI.
+
+​
+
+How do you know you'll enjoy RE?  What a waste of time would it be to grind to FI; to realize your passions/hobbys/whatever earns money/paycheck, meaning you could have left your corporate job years ago?
+
+​
+
+Not sure how to test out RE; but I'm suspicious I wouldn't enjoy it FOREVER (maybe that's a sign I'm a boring person).
+
+The grass may not be greener on the other side...  Just writing down some thoughts.  Anyone been in a similar situation?  Any suggestions?  Anyone regret grinding to FI? Or regret leaving a high salary to find out most jobs are BS?
+
+Thank you in advance!  Hopefully this all doesn't sound too whiny.  Simply questioning the currently path I'm on (and I'm sure others are on).
+Last week I posted [My Problem with Wealthsimple's "Socially Responsible" Portfolio](https://www.reddit.com/r/CanadianInvestor/comments/f6hxtk/my_problem_with_weathsimples_socially_responsible/) and linked to [my blog](https://medium.com/@voshart/wealth-stupid-772699ab25b). My post sparked lots of discussion. It also sparked a [DMCA takedown notice](https://lumendatabase.org/notices/20144497) by the Director of Legal at *Wealthsimple* of a photoshopped image of their CEO (see below).
+
+TLDR my problem: the "socially responsible" portfolio had far more fossil fuel than renewable holdings. It also contains five of the big six tobacco companies. The subject of the DMCA takedown was the parody drawing of Mike Katchen smoking a cigarette in front of the Fort McMurray tar sands.
+
+Updated (incomplete) tally of the **CRBN**, **XEN** and **VIDI** ETF holdings there are:
+
+* 53 Fossil fuel holdings
+* 10 tobacco holdings
+* 6 majority renewable holdings
+
+**PZD** ETF seems legit. no complaints there.
+
+**NOTE (Feb 26):** [Reddit user may have found list of new holdings](https://www.reddit.com/r/CanadianInvestor/comments/f9depr/wealthsimple_files_dmca_notice_against_my/fisu6vq). No confirmation from WS.
+
+Responding to a DMCA takedown requires submitting my address in my response (or hiring a lawyer and using theirs). As a frugal, privacy-concerned citizen of Canada I don't want to do that. I have decided to blur the parody image of Mike and hope to resolve the dispute directly with *Wealthsimple* via the communications person who first asked me to removed the "owned asset".
+
+From a commonly cited page on [Fair Use by *Stanford University*](https://fairuse.stanford.edu/overview/fair-use/what-is-fair-use/). Emphasis mine.
+
+>Parody  
+>  
+>**A parody is a work that ridicules another**, usually well-known work, by imitating it in a comic way. Judges understand that, by its nature, parody demands some taking from the original work being parodied. **Unlike other forms of fair use, a fairly extensive use of the original work is permitted in a parody in order to “conjure up” the original**.
+
+A comparison:
+
+https://preview.redd.it/w2vmrrebr3j41.jpg?width=900&format=pjpg&auto=webp&s=7c8d002f0246eb1e8265e0583e4befc2f94f854f
+
+Anyways, thought I would keep you informed. I learned a lot from last week's comments. Even learned from the people who thought I was naive! (I kinda agree with them)
+🐱 Welcome Cheecoin. Hollywood VFX meets Animal Charity. The most versatile utility token on blockchain 😻 And guess what. It's also not susceptible to flash loan attacks because of our 10% sell cap per wallet. BOOM.  🐶Non stop marketing through the dip. Cant stop, wont stop.  
+
+
+💰Coin Market Cap - Listing this week 💰  
+🗡 Up Next Crypto Video Drop  
+🗡 Nesi Influencer Video Drop   
+🗡 Multi language Youtube drops   
+
+
+🎥 Cheecoin has merged top level design and Hollywood VFX with blockchain while also donating to dedicated charities and actively working with them to better the world for pets. 🐱  
+
+
+🦡 The Cheecoin team is made up of world famous VFX artists, established multi mullion dollar business owners, hedge fund analysts and code experts. The head of Dreamworks Virtual Production dept is a dev and so is award winning VFX artist and business owner Brendan ONeil.   
+
+
+🙀 Credits and clients include: 🔥 The Matrix, The Matrix II, The Matrix III, Watchmen, Rise of Planet of the Apes, I am Legend, Spiderman, Beowulf, gravity, Interstellar, The Crown, Harry Potter, Gladiator and works with brands such as Nike, Paypal, Subway, Movado, Levis, Nvidia, Synders, Frito-Lay, Coc-a-cola, Pepsi co, Charles Schwab Investing, Lending Tree, Victorias Secret, Uniqlo, The Gap, Banana Republic, Best Buy, Samsung, Google, Facebook and more. 🔥 
+
+😻 The Cheecoin team loves animals and CHEE himself who is in fact a real cat was saved by charity donations from the very charity Cheecoin has started to support and already donated to. Baby Chee almost died but after $8,000 of surgery bossman Chee got to keep 8 of his 9 lives and we love him so much! Cheecoin now covers vet bills for surgeries and hospital care for feral and domesticated animals and pets. We work closely with charity organization Little Wanderers NYC and 2 new charities we have just added. Through them we can track our donations ($7,000) and get to follow each animal we help on our website and through their fosters and new owners. It's an amazing process to see each animal we help instead not knowing where the money is headed. We work closely to make sure the funds are used ONLY on animal vet bills and the support for the charities to continue operating. They are 100% non profit and run my people who have day jobs. They devote their free time and lives to helping these needy animals. Please donate to them if you cannot buy $CHEE. They need the help and that is what this is about: [https://littlewanderersnycdotorg.wordpress.com/](https://littlewanderersnycdotorg.wordpress.com/) 🐈
+
+🔥 The NFT marketplace will feature exclusive NFTs ranging from still images and photos, to expansive game worlds and levels or CGI experiences and animations. There is no limit to what Cheecoin will achieve and we plan to push the boundaries of user experience by combining the highest level visuals with the newest and cutting edge technology. We are leaders in innovation and workflows as a group hold collectively over 100 patents. Chee coin is also in development of AR NFT galleries where you can view artwork on mobile in your own home :) 🔥   
+
+
+💪 The Cheecoin team projects in Development (subject to some changes) 💪  
+
+
+✅CheeChange Mobile and Desktop Wallet – This MetaMask equivalent will be Chee branded and set for $CHEE and BNB, Bitcoin, ETH, and a few more directly. You can add other tokens on BSC as well!
+
+✅Cheecoin.com pancake direct buy. – You will soon be able to buy and sell $Chee to BNB directly on our website via Pancakeswap DEX. UI has been voted on and Scifi theme won!
+
+✅NFT marketplace – The marketplace is being coded and built now! You will be able to buy and sell NFTs with $CHEE directly on our web browser NFT marketplace. All NFTS purchased can be upgraded to holographic displays with unique signatures and in home display functions. We will deliver them to you and make sure it all works.
+
+✅AI driven collectibles and rare trading card games where you can battle Little Creatures and earn $CHEE
+
+✅NFT Gallery one-stop shop - Here you will be able to access a 3D CGI art gallery set in a scifi future world. You can browse different pieces and experience them in 3D. This is brought to you by pixel streaming via Unreal Engine and will be up soon. From the stream you will be able to link and buy NFTs from you CheeChange wallet. Users who wish can also purchase VR facewear to experience our gallery in VR and fully immersive themselves in their NFT experience.
+
+✅Cheecoin Sponsor VR and AR events – Cheecoin will sponsor different musical artists and help built their VR/AR experiences for the most amazing stay at home fully immersive ready player one events and experiences. Cheecoin will take users to the next level and all in the name of charity.
+
+✅SpaceChee Mobile Game Metaverse – Cheecoin knows user experience is important and because of that we have been developing via Unreal Engine a subway surfer coin collection game on OS and Andorid where users can collect coins in the game and then cash them out for NFTs and other amazing prizes. We have a whole series of other games in the works including a 1st person AAA shooter. The in game currency will be cross game transferable.
+
+✅Space Chee TV Series – Yes its true. We are developing a fully animated TV series called SpaceChee. Aimed for children it will have real world lessons and values built into a scifi adventure narrative and follow a team of galactic good guys as they hunt down the evil ShibaSrinu destroyer of worlds. No joke. Wait and see. We got the chops. We got the connections. Greenlight and go.
+
+✅Merch and Products – We got it all. Blankets, Clothing, Hats, Kicks, Wallets, Sunglasses, Plush toys,   
+Figures, Cats to adopt that you get paid for if you hold Chee at X amount.
+
+✅Adoption Perks – Cheecoin will pay for your adoption and initial vet bills if you adopt through our program and use $CHEE for all transactions  
+
+
+💎 SUPPORT AND HODL HERE 🙏: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281)  
+
+
+🙏 Charity Partner Little Wanderers NYC
+
+🧑 - Doxed Dev and team (LinkedIn)
+
+💎 – 5100 Chee family members
+
+💰 - $7000 donated already! You can verify it.
+
+🎁 3% back to holders
+
+🤝‍ 3% back to charity
+
+💧 3% back to LP
+
+😸 10% of NFTs go to Charity
+
+🔥 25,000,000 supply BURNED:
+
+🔧 10% sell cap until until you have 50k Chee or less (per transaction)
+
+📁 Audit completed by TechRate (On Website)
+
+🔐 Locked LP 35 years
+
+💰 Purchase it on PancakeSwap V2
+
+⚙️ Set Slippage to 11%
+
+📊 [Chart](https://dex.guru/token/0x93e24685e41ca82fd7a66a69c64f3decac789281-bsc)
+
+🦎 [Coingecko](https://www.coingecko.com/en/coins/cheecoin)
+
+🐦 [Twitter](https://twitter.com/Cheecoin)
+
+🌎 [Telegram](https://t.me/cheecoinchat)
+
+🌎 [Website](https://cheecoin.com/)
+
+🌎 [Discord](https://discord.gg/Wk847NVb)
+
+🌎 [Reddit](https://www.reddit.com/r/Cheecoin/)
+
+📜 Contract - 0x93e24685e41ca82fd7a66a69c64f3decac789281
+
+More info on our Website please go check it out.
+Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome.
+-  If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. 
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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.
+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+I am a European guy, lived in Southeast Asia for over 10 years, worked and travelled a lot in Vietnam/Indonesia/Philippines/Thailand. 
+
+Occasionally, a thread comes up where people discuss the naïve and romanticized idea to retire in one of these places on an Ultraleanfire budget. 
+
+**I have seen this idea go horribly wrong countless times.**
+
+**Mistakes to avoid when retiring to Southeast Asia**
+
+* **#1 - Under-budgeting.** Many people vastly underestimate their costs and end up being broke. Lots of English teachers in Thailand are too broke to go home, forums are full of these stories (see more below at “income needed in Southeast Asia). Also: remember to budget for the move (temporary accommodation, sorting visas out, buying necessities in the new country). 
+* **#2 - Bar girls.** I am not kidding. I work in a Fortune 500 company and there is an unofficial “policy” not to allow married guys to live in developing Southeast Asia without their spouses on a split-family delegation. Single guys get “the talk” from HR warning them, most of the time to no avail. At some point in time you will meet some nice lady in some bar and that is when all types of trouble start. Before you know it, you must help her out and buy her father a Toyota Hilux. Hyperbole aside, the huge difference in incomes leads to many people desperately looking for a partner from the West as a solution to their problems. There is a huge number of scams, but also desperation on both sides. Most often these situations end badly. The amount of drama I have seen… 
+
+* **#3 - Relocating to Southeast Asia as a single Western female**: somehow it is mostly guys who want to move there, but I met many female expats as well. They tend to lament the fact that all Western guys seem to want to only date local women. At the same time, Western women typically are not into the local guys. I am sorry for the lack of political correctness in this statement, but it is really an issue you cannot ignore. 
+* **#4 - Mental health**: a lot of people greatly underestimate the impact of moving yourself to a foreign country across the globe. Once the holiday is over, culture shock tends to set in. If you have never lived outside your home country you will 100% underestimate this. I have seen quite a few people who underestimated the challenges and became disillusioned. Many expats form enclaves in these countries and only talk to other Westerners in their bubble and/or resort to:
+
+* **#5 - Alcohol/drugs/vices.** It is easy to get drawn into the party culture in some of the places. The amount of US people dying in countries like Thailand (drugs, drunken scooter riding etc.) speaks for itself. I remember a number of cases where the company had to bail people out. It can be the wild west out there and it is all fun and games until it isn’t. 
+* **#6 - Running away from your issues by moving**: your issues will normally move with you, leading to compounding problems in #2, #4, #5. Unfortunately, there are also a lot of suicides. If you must you can google “Farang Deaths” for examples of #4, #5, #6.
+
+* **#7 - Open a bar**: seriously, this is always a shitty idea that many people seem to have. It will most likely lose you money in your home country, but in a foreign country the odds are even more stacked against you. Also it will most likely lead to issues described in #1, #2, #4, #5.
+
+* **#8 - Not to plan what to do there**: many people do not plan anything productive for their time living there. They just want it to be a never-ending holiday with beaches, parties and relaxation. In 95% of the cases that will lead to #2, #4, #5, #6 or even worse #7. Plan something productive to keep you occupied! 
+
+**Further challenges of retiring in Southeast Asia:**
+
+* It is **difficult to integrate** in some of the cultures, especially Thailand, Vietnam, Laos. Many western tourists treat Southeast Asia like a playground with natural beauty and cheap thrills, but do not understand the culture or the background. They have a great time, people smile and are friendly to them, but they truly do not understand the culture. It is not easy to make local friends and takes a lot of initiative and effort. 
+
+* **Different values**. Even beneath the "Western" appearance of cities like Singapore there often is huge difference in values and culture below the surface. I am always surprised by how many of my coworkers advocate beating their kids and so on. 
+* **Language:** Thai, Vietnamese, Mandarin are some of the hardest languages to learn because they are tonal. This is not like another Roman language that you could easily pick up. 
+
+**Monthly income needed in Southeast Asia**
+
+* **Basic living:** rent a cheap apartment, ride a scooter, basic healthcare, local food, little to no traveling: USD 1,200 a month. This is the bare minimum. At this budget, you will basically be stuck in this country and a plane ticket to the US will set you back 1.5 months of living expenses. You will be poor.  
+* Comfortable life: At least USD 2,000 per month is needed.
+
+**OK, you still want to go. How can you make it work:**
+
+* **Most importantly: Do not give up your old life to live in SEA.** Try it for a few months. Learn the language. Try to make some local friends by being active in the community. 
+* **Local partner:** If you happen to have a local partner you will have a much easier time. Cases where I saw people succeed were normally when there was a local partner in the picture. 
+* Get sent there for work: try to get some type of expat assignment there. If you cannot get one, try and find a job. 
+
+Maybe some other long time expats can help and chime in. 
+
+Hi, I'm a 26 year old who works in a niche. I currently make £18,000. I realised I could leverage my skills to make more money, and I've just been offered a position with an American firm at $103k, so \~£84k.
+
+This is my first time not living hand-to-mouth. No-one in my family has ever made more than £30k so I can't ask them. This position is remote, so my expenses (\~£1,100 per month) won't change. After tax and cost of living, I'll have around £45k to play with.
+
+I've looked at the flowchart, but that doesn't seem pitched for such a sudden influx of income. Should I invest some in higher-risk ventures? Should I consult a pro financial planner? Do they even exist?
+
+Any advice that can stop this sudden influx of capital ruining my life would be really appreciated. Thanks!  
+
+
+EDIT: Thanks for all your answers, they've been very helpful! Good to know the flowchart still applied in this situation. 
+If your toilet gets clogged, a plunger isn't doing the job, and you have a good idea that it's a soft plug rather than a serious plumbing issue, there's another trick you have to try before calling to get your toilet snaked and paying a plumber $200.
+
+Get some cheap dish soap, dump a generous amount in the bowl, and wait 15-25 minutes. Dish soap is denser than water so it'll sink to the bottom, lubricate the clog and it'll sometimes take care of itself and you won't even have flush it. This has worked for me every single time.
+
+EDIT: Damn I was not expecting this to blow up. Thank y'all for the awards! I'm glad this was/is helpful cause who has money to flush down the toilet? 
+
+To address some common concerns in the comments, in my experience this has always worked without warm/hot water, but I'm sure that step makes it more effective. Yes, cheap toilet augers/snakes exist but not everyone has somewhere to safely store it and some of us are too cost burdened to spend $50 on something we might use once a year at most.
+
+ Also, y'all, it's not like we're going around clogging toilets every day lmao. Last time it happened to me was over two years ago... Just thought this would be helpful to share when it came up in conversation the other day. Furthermore, most clogs are toilet paper, i.e. most people aren't taking un-flushable monster shits. Finally, crappy toilets that clog more often than others totally exist. 
+From personal trainers to nannies to first class flights: Money can buy many things that smooth the bumps of everday life. I wonder what of these things, services and events, in your opinion, was, in the end, not worth it. 
+
+Two luxuries I'm pretty sceptical about: PT's and vacations in the UAE.
+Hello everyone in the community
+
+Canada Penny Stocks needs help as soon as possible from the community. The page has grown much faster than anticipated thanks to the $GME hype train. For that reason, let us make a warm welcome to new members. For all the members who have been here since the start, thank you for staying regardless of you being an active member or just a lurker. 
+
+**What we are looking for?**
+
+\- New Moderators (veteran traders and investors preferably) 
+
+\- Feedback on what you would like to see in the future and what needs to change
+
+**What is happening to stop bots?**
+
+The minimum requirements to post are for accounts to have 30 comment karma and be 30 days old. Almost 50% of the posts and comments that are posted are accepted through this filter. The posts and comments you do see all go through this minimum filter. 
+
+**How are low quality posts dealt with?** 
+
+There has been some very good DD but, also some very bad DD that is not even worth the time to read. Posts where users strictly post links with no background information are manually deleted and users are banned for 2-5 days depending on the circumstances and the recurrences. About 10 bots have been permanently deleted who were not stopped by the automod filter.
+Well Apes, I don't know how to tell you this, but I'm fucking proud of this community. 
+
+6 days a go, I [posted](https://www.reddit.com/r/Superstonk/comments/nrc52s/rsuperstonk_is_now_the_3rd_highest_rated/) about /r/Superstonk being the 3rd highest rated community in All Reddit, regarding comments per hour.... Well, 6 days passed by, and we are now in second, ahead of Wallstreetbets. 
+
+​
+
+https://preview.redd.it/xomoucb8jf471.png?width=498&format=png&auto=webp&s=cf7432b6f97dfebb9e7a6469680b7e163197e61d
+
+Taking in consideration that we have Satori, an AI bouncer dealing with shills' posts and comments, this is one hell of a community interacting, posting and working together to bring the truth regarding the stock market to the light of day.
+
+I'm really proud of you all, my Ape family.
+
+ 
+
+https://preview.redd.it/1ngusp9pjf471.png?width=2535&format=png&auto=webp&s=8f798ec923b922926e0d5c2f1e70d570519cce90
+
+Link for [r/Superstonk](https://www.reddit.com/r/Superstonk/): [https://redditpagematrics.com/r/superstonk](https://redditpagematrics.com/r/superstonk)
+
+Link for Wallstreetbets: [https://redditpagematrics.com/r/wallstreetbets](https://redditpagematrics.com/r/wallstreetbets)
+
+Link for Amcstock: [https://redditpagematrics.com/r/amcstock](https://redditpagematrics.com/r/amcstock)
+
+Yes, it's true we have a lot of shitposts, shills, bots, you name it.... but so does the other subs. So we are in even ground.
+
+You can also track this information and other in a dashboard developed by /u/erikasnoske123/ that you can find [here](https://ssusers.eu).
+
+​
+
+https://preview.redd.it/g8qnkjb2lf471.png?width=2451&format=png&auto=webp&s=56cc9ca06ef6239eb28199abae6674d9d0bdfbfd
+
+From several Investing subs in Reddit, our home is the one with a best ration among Subscribers/Online users, and this at now, 1 hour from the NYSE opening time.
+
+​
+
+[Happy Ape](https://preview.redd.it/epcg1gtflf471.png?width=270&format=png&auto=webp&s=1f7aa7804080cf6f3a2a427fc2120df295bdc772)
+
+ And another reddit stats website (hinted by /u/jlukwins) where you can confirm this information
+
+​
+
+[Look at those Comments Per Subscriber metric](https://preview.redd.it/7neqy6uokf471.png?width=2535&format=png&auto=webp&s=d2604f3e5913811bf46880363761886b11849e8e)
+
+[https://subredditstats.com/r/Superstonk](https://subredditstats.com/r/Superstonk)
+
+[https://subredditstats.com/r/wallstreetbets](https://subredditstats.com/r/wallstreetbets)
+
+[https://subredditstats.com/r/amcstock](https://subredditstats.com/r/amcstocks)
+
+​
+
+After all the FUD we had yesterday, I think we can already celebrate on this accomplishment.
+
+​
+
+[After the Vote, it's so easy to HODL](https://preview.redd.it/v7sy94grlf471.png?width=356&format=png&auto=webp&s=6df2e9e6deaa732bc460184b4eeb35783ee94105)
+
+For the curious Apes on [who's on 1st](https://youtu.be/2ve20PVNZ18?t=50), it's AskReddit ([https://subredditstats.com/r/askreddit](https://subredditstats.com/r/askreddit)).
+
+To finish, follow the Ape Mantra from  [u/rensole](https://www.reddit.com/user/rensole/) (sorry, not sorry for copying)
+
+​
+
+https://preview.redd.it/7vc87tkdmf471.png?width=554&format=png&auto=webp&s=3a6bb8630a2e4719d66e6708bca671a9a734fe7a
+
+#  EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+**Ape don't fight ape, apes help other apes**
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+​
+
+https://preview.redd.it/ywg810ekmf471.png?width=620&format=png&auto=webp&s=7422162e7b31f7260e986772c1871a7879000dbf
+
+Disclaimer: If you take this as financial advice, you are more retarded than I am, and instead of using the crayons to make drawings, you might use them as suppositories. And if you get ass-chocked with a crayon suppository, that is natural selection and I'm in no way responsible for that. Maybe go ask the "Banana in the Ass guy".
+When you invest in a mutual fund scheme, you should pay a fee to the professionals managing your fund. The fee you ought to pay the mutual fund company is the ‘expense ratio’.
+
+The expense ratio measures how much of a fund’s assets are used for administrative and other expenses. It is calculated by dividing a fund’s operating expenses by the average dollar value of its Assets under Management (AUM). 
+
+**ER= Total Fund Costs/Total Fund Assets**
+
+And mind you, this is a critical aspect of investing! Although the expense ratio of a mutual fund scheme may be insignificant in the short term, it can significantly eat into your returns in a long time.
+
+For instance, if you invest Rs 10,000 initially for a 20-year time frame and the fund generates 10% annual returns, here is a scenario analysis showing expense ratios and their effect on returns:
+
+|**Expense Ratio**|**Effect on Returns**|
+|:-|:-|
+|0.50 %|Decrease by 9.1%|
+|1.00 %|Decrease by 16.6%|
+|1.50 %|Decrease by 21.6%|
+|2.00 %|Decrease by 26.9%|
+|2.50 %|Decrease by 31.6%|
+
+As can be seen in the table, expense ratios can eat up to 30% of your returns in the long run. So for a corpus of Rs 10 crores, you have lost Rs 3 crores just by paying fees.
+
+**The Bottom Line**
+
+Higher expense ratios eat into nominal returns for investors. And active funds carry higher expense ratios than passive funds.
+
+Although expense ratios have been trending lower for years, they can’t be ignored while investing. But at the same time, it should be analysed in sync with other metrics, such as the expected returns and the risks involved. 
+
+There has to be a tradeoff between the risk-return and expenses part. For one dominating the other can derail your investing journey!
+We will be making a special earnings megathread for GME today at 2:30PM as well as an earnings call megathread tomorrow morning.
+
+Grab yo holy moly guacamole flavored popcorn.
+So, its been a big fortnight.
+
+We hit 35K members, the Lithium bug has bitten hard, **Z1P** was back on the menu, everyone suddenly wants an options or a US trading account and the **NOOB** flow is increasing rapidly.
+
+​
+
+Oh, and something or other happened with some gaming mob somewhere. Unless you've been absent and somehow missed one of the most epic market moments in memory, you can catch up on it all at Big Daddy Sub r/wallstreetbets.
+
+​
+
+We have seen a lot of our more seasoned users commenting on the amount of pumpy crap in the daily. The daily is largely un-moderated, we realize y'all need an outlet for your fictions but try and keep it to a minimum.
+
+​
+
+And as always - **RULE 5**
+
+​
+
+That being said though, we have heard your cries and the [rules have been updated.](https://www.reddit.com/r/ASX_Bets/comments/l63yvj/no_youre_not_the_first_one_to_decide_to_arrange/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Oh, and another friendly reminder to the uninitiated: READ THE [INTRO POST](https://www.reddit.com/r/ASX_Bets/comments/iqpmfe/welcome_to_rasx_bets/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Now lets pick up some highlights before we get into the nitty gritty...
+
+​
+
+​
+
+**UPDATES AND HIGHLIGHTS**
+
+​
+
+\- r/ASX_Bets made the news, well [AFR at least](https://www.reddit.com/r/ASX_Bets/comments/l6qpow/aussie_reddit_taders_shut_down_short_squeeze_plot/?utm_source=share&utm_medium=web2x&context=3). the sub is gaining more and more traction, exposure and notoriety, which can be a double edged sword.
+
+​
+
+\-  [u/w-j1m](https://www.reddit.com/user/w-j1m/) posted a [million worth of coward gains](https://www.reddit.com/r/ASX_Bets/comments/l2i0w3/im_a_memellionaire_mum/?utm_source=share&utm_medium=web2x&context=3). Mods have since been sent more proof that looks legit, big ball player has entered the game here.
+
+​
+
+\- There have been a few **YOLO** claims for highest upvoted stonk, both users came good on purchasing.
+
+Well done  [u/Hoarbag](https://www.reddit.com/user/Hoarbag/) and  [u/coomon\_beef](https://www.reddit.com/u/coomon_beef/), we had a rash of users making claims last year and not following through, looks like we are trending upwards this year.
+
+​
+
+\- u/Evilshogun is now the proud owner of **DLC,** coming good on their [claim of purchase pending lockdown](https://www.reddit.com/r/ASX_Bets/comments/kfh6o3/weekend_thread_for_general_discussion_december_19/gg8juat?utm_source=share&utm_medium=web2x&context=3). Enjoy that shiny new flair....
+
+​
+
+\- u/atayls dumped [250K onto TPW](https://www.reddit.com/r/ASX_Bets/comments/l59cx8/daily_thread_for_general_trading_and_plans_for/gkx1be6?utm_source=share&utm_medium=web2x&context=3) just to spite some cuck on the sub that shall not be named. There is no way around it, that's a fucking hardcore play from our resident hairy bear....
+
+​
+
+\- u/StinkyFatWhale has made a most noteworthy [pledge post](https://www.reddit.com/r/ASX_Bets/comments/l6hwxu/rasx_bets_gives_back_a_pledge/?utm_source=share&utm_medium=web2x&context=3). Its stuff like this that sets us apart, I mean, besides the pubes, shit claps and hat eating.......
+
+​
+
+\- The *'Does* r/ASX_Bets *affect your blah blah blah'* posts have slowed down ever since Mods passed the [random ban length act](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3).
+
+Still, a few have chanced their arm and given us an opportunity to run our exponential ban length test program to good affect, so we appreciate your sacrifice.
+
+Mods have a collective twitchy trigger finger when it comes to these and other posts, (*insert Liam Neeson voice here*)  and we have a particular set of skills, we will find you....
+
+​
+
+https://preview.redd.it/dd5ao3m50md61.jpg?width=277&format=pjpg&auto=webp&s=aa12ac6e5eb080ac17065b7c6d6a1a17e0c7fe88
+
+​
+
+**NEW BETS**
+
+​
+
+\-  [u/LackOk2824](https://www.reddit.com/user/LackOk2824/) has made a **Perma-Ban** bet with the mods, by their reckoning [LKE will be $1 by Easter](https://www.reddit.com/r/ASX_Bets/comments/l2g0sm/to_all_my_lke_autists/gk59cud?utm_source=share&utm_medium=web2x&context=3).
+
+​
+
+\- In a twist of fate, u/9ballnoob has also promised to [host a stripper party](https://www.reddit.com/r/ASX_Bets/comments/l4hwib/nofap_and_stonks/?utm_source=share&utm_medium=web2x&context=3) if **FFT** or **AGC** 10 bags.
+
+​
+
+There is a lot going on with these users, caution required when handling as they have many complex layers, like a demented little onion....
+
+​
+
+\- u/Crafty-Clerk has claimed that [ARR will be up 50% by the end of the week](https://www.reddit.com/r/ASX_Bets/comments/l2j2zp/weekend_thread_for_general_discussion_and_plans/gkh41w2?utm_source=share&utm_medium=web2x&context=3) or they will take a Ban.
+
+​
+
+\- u/mercuryingatoraade has bet that **LKE** will be $1 by Easter or they will [dye their fucking hair purple](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gksfivh?utm_source=share&utm_medium=web2x&context=3). Proof will be required in the event our new favorite **MeMe** fails to reach the outer orbit of Pluto....
+
+​
+
+​
+
+**BANS**
+
+​
+
+\- u/seeking_angerments has been **Perma-Banned** after a number of [personal attacks](https://www.reddit.com/r/ASX_Bets/comments/ky7sme/new_to_the_game/gjfof6p?utm_source=share&utm_medium=web2x&context=3) on another user. This type of shit will not fly here, we love your Autistic squawking's but this user crossed the line.
+
+​
+
+\-  [u/demisexgod](https://www.reddit.com/user/demisexgod/) will be on a months holiday after their reverse psychology ploy on [SOR failed](https://www.reddit.com/r/ASX_Bets/comments/l0x2ur/if_sor_doesnt_reach_10_this_week_i_will_take_a/?utm_source=share&utm_medium=web2x&context=3).
+
+It was a brave move, I think................
+
+​
+
+\- u/MaximoTDz has been banned for a month for [low grade karma farming referral codes](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gkridrr?utm_source=share&utm_medium=web2x&context=3). There is a fine line with this shit gang...
+
+​
+
+\- u/Jody8 was banned for 30 days after they made a [30% or bust claim on SOR](https://www.reddit.com/r/ASX_Bets/comments/l3vbst/daily_thread_for_general_trading_and_plans_for/gko5zdy?utm_source=share&utm_medium=web2x&context=3).
+
+Its going to be a lonely Valentines without you too Jody....
+
+​
+
+\-  u/Clean_Ad_6178 has been banned for a month for a shitty pump attempt.
+
+fuckwit.
+
+​
+
+\- u/YowZa666999Z was banned as per point **3** from the updated rules post.
+
+​
+
+\- u/InFronttttt has been banned for waging a private war on Auto-Mod, Auto-mod won.
+
+​
+
+\- u/glenngillen has been banned for **3 months** as per our new rule regarding orchestrating an attempted coup.
+
+​
+
+​
+
+**STILL RUNNING**
+
+​
+
+\- [All the Shit from last time...](https://www.reddit.com/r/ASX_Bets/comments/kxnyei/2021_time_to_face_the_music_bans_and_updates/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+​
+
+**TLDR**:  σταματήστε να μεταφράζετε αυτές τις περιλήψεις
+We are still significantly higher than we were 5 days ago. My portfolio still DOUBLED compared to LAST MONTH. I haven’t seen these kinds of gains in years.. If you, for some reason, experience this so called dip as an actual dip, or something negative at all.. Then chances are that you invested too much, tried to time the market too much, wanted to become rich quick or a combination of the above and you’ll have a chance of ending up pretty depressed once it goes south like it did in 2017-2018.. Read about the Dunning kruger effect, risk management, diversification, ladder buying/selling and Dollar Cost Averaging (DCA) and consider your money lost once you have put it in. “But but but, what is the reason we are going down today?” “Because people are selling after these amazing gains which they haven’t seen in the past 3 years to cash out some profits and enjoying these by buying material things that make their daily life more convenient, fun or whatever the reason is you and I spend money on stuff other than crypto and basic necessities.”
+
+I hope this post gets on the frontpage here cause all these “dip” posts give me (and probably a lot of others) flashbacks to 2017-2018, you know, when we were nearing a real top followed by a real bear market aka the real dip aka the discount DCA market.
+To all the Euro apes, Asian apes ADU's (Apes down under, who already have been working a whole morning jacked). Here are some bullish bullet points about all the news that came out yesterday. But beware you could become too jacked. So all this is not financial advice.
+
+All the bullish news;
+
+\- GameStop had $1.28B in revenue, [beating the expected earnings](https://www.reddit.com/r/Superstonk/comments/nwd8ru/facts_from_692021/) of $1.17B by a big margin.
+
+\- GameStop had an adjusted loss per share of 45 cents vs. expected loss per share of 71 cents. Beating this too.
+
+\- New (ex-Amazon) CEO with a lot of experience to build even more awesome stuff! [Welcome Matt Furlong](https://www.reddit.com/r/Superstonk/comments/nw50qe/gamestop_announces_appointments_of_chief/)
+
+\- New (ex-Amazon) CFO, welcome Mike Recupero!
+
+\- Ryan Cohen is now officially the chairman of the board!
+
+\- Short squeezes get mentioned again in their [424B5 filing](https://www.reddit.com/r/Superstonk/comments/nw7we7/gamestop_lists_a_short_squeeze_as_the_first_item/). Yes you read that correct. That is multiple squeezes! Plural, so at least one still to come!
+
+\- The most important part, the total count of votes. You were not the only one disappointed, I can tell you that. But our wacko American ape brothers did the math. **THE NUMBER OF VOTES EQUALS THE ENTIRE FLOAT ON APRIL 14. THIS IS UNHEARD OF AND MEANS THE NUMBER IS NORMALIZED BY THE VOTING SERVICE AND IS NOT THE REAL NUMBER OF SHARES.** Thank you [u/imahoeforlsd](https://www.reddit.com/user/imahoeforlsd/)! [Source.](https://www.reddit.com/r/Superstonk/comments/nw9uq4/the_number_of_votes_equals_the_entire_float_on/)
+
+\- Why u ask? Well because **YOU CAN NOT REPORT AN OVERVOTE ON AN 8-K. PASS IT ON!** [Source](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/).
+
+One more thing, did you see the drop in the After Market? Well they shorted every [ETF with GME](https://www.reddit.com/r/Superstonk/comments/nw6amn/every_etf_containing_gme_was_just_shorted_this/) in it. Every fucking one. Someone is very very desperate. Someone who likes lots of mayo.
+
+​
+
+And besides all that bullishness this was stated in the GME 10Q:
+
+https://preview.redd.it/b1yef32gwd471.png?width=960&format=png&auto=webp&s=5b0288714c6b9e0f19d184e3537fa83c3e0cec43
+
+The SEC has [requested](https://www.reddit.com/r/Superstonk/comments/nw5jh8/sec_apparently_is_investigating_trading_activity/) a voluntary production of documents regarding unknown info. What could that be about? Guess what, maybe about voting, a stop the count or to be blunt; a overvote because of lots and lots of naked shares? Who knows? But get your hats on and strap in because loads and loads of DD will be out the coming days and weeks!
+
+\- Back to [Elliot Waves](https://www.reddit.com/r/Superstonk/comments/nw84nw/elliot_waves_and_gme_why_tomorrow_should_be/), this ape doesn't understand a word. But also bullish. How much bullishness do we need? I can not be more jacked, can I?
+
+​
+
+So spread this bullish news. Expect fuckery tomorrow (yes, today I know). And BUY THE FUCKING DIP!
+
+Per our new motto; BUY, HODL and BUCKLE UP!
+
+​
+
+Edit 1: some formatting, because on mobile it is shit.
+
+Edit 2: I forgot to mention the possibility to a share offering. GME announced they, from now on, can issue another 5 million shares of their common stock. ONLY THE POSSIBILITY has been announced. Not that they are going to use it on the short term. They state that they will use this option if they need the cash. Guess what? THEY DON'T NEED IT RIGHT NOW, because of the earlier at the market offering they are flush with cash.
+
+Edit 3: you mad fuckers should be all awake by now. Why not buy some more?
+I want to start trading in January so I’m filling December with research and studying. I see a lot of people saying you need patience and discipline and technical analysis and a good strategy. The most common one is strong mental stamina so you stay in the game during hardships. What are some other ones?
+Sorry for the noob question.
+Not a total noob in investing, but I have always looked at dividends as a bonus.
+
+Let me explain, and feel free to change my mind, I'm here to learn.
+
+I moderately study a stock before investing. Dividend is not the first thing I look at. I am your typical hold a stock for some time, till I make some money and sell in time. 
+
+Reinvest the profit and If I could get the dividends during my predefined profit and loss margins I am happy. But I wont hold a stock just for the sake of earning dividends. 
+
+Now, reading the entire post by u/Firstclass30, 
+I want to understand what I am missing out on.
+
+EDIT:
+Thank you, everyone for explaining. 
+I think it will be beneficial to let you know, 
+
+Consider:
+Capital: 5K$ ,
+Share price: 10$ ,
+Dividend Yield: 6% ,
+Expected Increase of Stock Price: 2% annually. ,
+Years to invest: 30 ,
+
+1. My portfolio size in 5K$
+2. Compounding and reinvesting at 6%, will bring me to 50K in 30 years.
+3. If I stop reinvesting my dividend at 30 year mark, I will earn about 2795 $ a year in dividend income.
+4. My initial investment of 5K$ may (optimistically) be 4 times at 20K$ with the stock price increase and additional shares purchased.
+
+I may be able to increase my portfolio size, but let's consider I can't.
+
+The above 4 points are not very attractive for me or I would guess it wont be attractive for any investor with a portfolio size of 10K$ and below.
+
+Any more suggestions after the edited information? What am I missing?
+Again, here to learn, thanks for teaching.
+THIS IS MAD SUS. Why on earth would the news outlets who have been consistently manipulating the narrative this whole time all of a sudden flip the script? if 30 was truly parabolic they would NEVER in a million years publicly state that. This screams options bull trap, don't get caught.  
+
+​
+
+BUY AND HODL
+[Korea](https://en.m.wikipedia.org/wiki/South_Korea) actually *halted short selling* during the pandemic.  They implemented the  
+ [World’s Longest Short-Selling Ban](https://www.bloomberg.com/news/articles/2021-04-26/world-s-longest-short-selling-ban-coming-to-an-end-in-korea).   
+
+They are bringing the ban to an end now, but with [much tougher laws in place](http://m.koreaherald.com/view.php?ud=20210406000820) including prison time, $100% fines of the order amount and up to 500% fines of unfair profits made due to naked short selling.  
+
+They are allowing short selling to resume on May 3rd.  [The Korean Capital Markets Act](https://elaw.klri.re.kr/eng_service/lawView.do?hseq=43324&lang=ENG) has been revised to specifically come down hard on naked short sellers.  
+
+United States regulators are watching this sub right now.  They are looking for the information that we are handing them on a silver platter.  We are making their job easier by doing the research and coming up with ideas.  This intense regulator attention to this sub will lesson over time.  Now is the time to shine a bright light on issues, provide evidence, and suggest solutions.  Another thing that can be done is to shine a light on all of the other countries that are doing a fantastic job regulating short sellers and show the US regulators these shining examples.  The time is now and each and every one of you apes, ants, and other creatures of the jungle can find valid information through a google search.  
+
+Good ideas, articles, DD, and quality memes get upvoted to the point of gathering worldwide attention.   
+
+I suggest more apes take interest in DD of how other countries are successfully battling short sellers and bring more of those stories into the light for everyone to see and to consider.  
+
+Dr. T said that apes are making a difference because regulators are passing rules on issues that we have brought to the attention of our community.  Lets keep that rolling.
+
+Korea halted short selling altogether during the pandemic.  What do you think short sellers did to the United States markets during the pandemic?  What do you think the markets would currently look like if short selling had been banned this whole time?  
+
+Do we need to suggest some regulations to US regulators to help protect businesses in the future against crises?  Short sellers pounded on American businesses at their weakest moments during the harshest economic climate of our lifetime.  Countless businesses got pounded into  oblivion and not a single one of them needed short sellers making things harder on them during these desperate times when they are just trying to survive and hang on to their business and employees.  How many jobs were lost to short sellers?  And for what?  So billionaire companies could add to their bottom line?
+
+Korea did it right.  They protected the businesses from the short sellers.  America threw the businesses to the wolves when the businesses were at their weakest and most vulnerable point.  
+
+Naked short selling is absolutely predatory and needs to be abruptly stopped.  Penalties and fines need to be absolutely harsh and prison time needs to be a consequence.  
+
+How did Korea suffer by banning short selling altogether through this time?  Now that's an interesting question.
+
+American businesses and American jobs are being absolutely and mercilessly destroyed just so billion dollar hedge funds can fatten their already bloated pockets.  It isn't right.  And it needs to stop.  Dr. T has been fighting this battle for DECADES and has only *now* really gained a substantial audience.   (Thank you Dr. T for your efforts.)
+
+Every single Ape, Ant, and jungle creature out there can fan this flame for positive change.  You do it with your upvotes, your DD, your comments, and your posts.  You do it by sharing your opinions, sharing articles, and sharing youtube videos.  You do it by coming up with your own original content on and sharing it on any social media.  You do it by making truthful memes, finding and trimming powerful statements made by influential people and sharing those videos.  You do it by buying your shares and holding.  By voting in the proxy vote.  
+
+You do it by helping to educate the newbies and answering their questions.  You do it by contacting Congress and making your opinion known.  
+
+You talk about it. You raise awareness.  You post about it.  You share information with other influencers out there to spread the word about the DD and desire for positive systemic change.  
+
+You all have been doing this and it's absolutely beautiful to behold.  This movement is gaining momentum and more eyes are upon us than ever.  But more than that, eyes are on all of the social outlets out there and news of systemic change is spreading globally.  
+
+I'm not saying we caused Korea to crack down on short sellers, I'm saying that we heard of the news of Koreans cracking down on short sellers.  I'm saying that the global awareness of these injustices is increasing across the globe and we are a part of that growth.  
+
+I'm saying that every upvote matters.  Every single shareholder from 0.X to X^X matters.  Every single Ape matters and every single Ant matters.  Every non-shareholder supporting positive change in any way matters.
+
+You are not powerless.  Systemic change is happening.  If zero individuals engaged in this movement, nothing would have happened except that more and more businesses would have been shorted into oblivion.  
+
+So keep up your energy.  Support systemic change in any helpful way that you can.  
+
+Right now I'm participating by writing this post and upvoting other posts that I feel have merit.
+
+I'm also talking with friends about how to open a brokerage account and giving them suggestions on how to teach their kids about financial literacy and pointing them in the direction of how to get their kids interested in finance and compound interest.  Talk with kids and friends about how retirement accounts work and how easy it is to set one up.  
+
+Systemic change is on the institutional side, but in my opinion it is also on the individual side by increasing the financial knowledge and awareness of those around you.  
+
+Be a good ape and support the apes around you.  Support the ants, the sombreros, and anyone trying to make a positive difference in the world.  They feel your support.  
+
+Now go eat your crayons, and don't forget to share.  
+.  
+
+>!🖍🍌🖍🖍🍌🖍🖍🍌🖍🖍!<
+
+.  
+
+>!💪🐜💪🌮💪🦍💪🌍💪🌏💪🌎👍!<
+Just came across this https://www.reddit.com/r/DEGIRO/comments/zdbhm3/flatexdegiro_downgrade_and_governance_issues/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+And noticed that shares are down 37%.
+
+I hold a VWCE long term portfolio and I am a bit worried. Anyone knows more?
+In my 10+ years in the crypto arena, I've never felt the need to post about a coin. It's either been a write-off, or it immediately pumped to its natural level. That was before the best bsc coin I've ever seen, with objectively the best launch, dropped a day before a massive market crash, and still held steady.
+
+​
+
+$ULTRA has been record breaking since launch and is FULLY RUGPROOF.
+
+​
+
+As a fully rug-proof token, Ultrasafe has all liquidity locked for 79 years, contract ownership renounced, and an official audit completed by Solidity and Certik. We are officially SAFER THAN SAFEMOON. [https://www.certik.org/projects/ultrasafe](https://www.certik.org/projects/ultrasafe)
+
+​
+
+[https://solidity.finance/audits/UltraSafe/](https://solidity.finance/audits/UltraSafe/)
+
+​
+
+Our dev's are also DOXXED and have done a live AMA:
+
+​
+
+[https://www.youtube.com/watch?v=FcyQYBk4wU4](https://www.youtube.com/watch?v=FcyQYBk4wU4)
+
+​
+
+Ultrasafe's tokenomics allow for 4% of every transaction to be distributed to the liquidity pool and 4% to be reflected among holders. Whale wallets are also extremely small compared to any other token.
+
+​
+
+This coin has only been out for 8 days and it's already achieved numerous things, including:
+
+​
+
+* Listed on a Centralized Exchange (LBank)
+* Broken multiple world records on BSC and has already gained over 30k+ dedicated holders
+* Listed on Coingecko on day 1
+* 2 Audits which show that the coin is safer than even Safemoon (check for yourself, safe is an objective measure)
+* Devs doxxed themselves and showed faces during an AMA (unlike some of the coins promoted here that just rugged)
+
+​
+
+Ultrasafe's growth has been record breaking and we're already on our first exchange. CMC listing should be any day now and more and more CEX listings to come. We're at 32,000 holders in one week's time. The community is the single best part of this coin, the telegram has 10k members and usually 2-3k active at any given time, the voice chat is ALWAYS ACTIVE and extremely helpful and responsive. No other coin has dedicated holders and a strong thriving community like we do.
+
+​
+
+The team has so far consistently delivered and we're already listed on one centralized exchange (?!). More to come, mass marketing in progress of being rolled out, NYC billboard, etc.
+
+​
+
+💬 Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial)
+
+🌐 Website: [https://ultrasafe.finance/](https://ultrasafe.finance/)
+
+🐦Twitter: [https://twitter.com/UltraSafeBSC](https://twitter.com/UltraSafeBSC)
+
+💰 Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a)
+Story time. I used to have a maid when I lived in Hong Kong, who was like family to us. After I moved she also went back to her village in far north Philippines and had since exhausted all her savings fighting breast cancer and raising her only child. 
+
+We stayed in touch and I wish I was rich enough to help her out. Currently I transfer over a bit for her daughter's school tuition fees as my humanity charity effort but with recent typhoons destroying her village's agriculture they have no earnings for the last season.
+
+
+So I've got a 5-figure position in LRS since it was 2c and if it explodes 1000% to 20 cents per share this year, that's enough gains (after tax) to support her family for 25 years based on their average cost of living. Also would be able to give her daughter the best private schooling in their area when she reaches secondary school.
+
+Will share proof of the annual transfers via Western Union when target is hit, or else I don't mind being banned by this sub.
+
+And with the remaining profit I don't know maybe YOLO some late stage Z1p and BRN.
+
+EDIT: fix typos. Also there's no pumping a stock or a maid or her underage daughter past present or future. I'm only on one spectrum and it's not an illegal one.
+
+EDIT 2: [proof of previous transfers](https://imgur.com/N1BHxr9)
+I feel like I'm drowning. My boyfriend has been dealing with his teeth slowly decaying out of his mouth for about the last 10 years from a combination of poor dental genetics, hygiene, and cigarette smoking. It's been heartbreaking to watch. 
+
+I'm at a point where I don't know what to do. It has gotten so bad that his mouth is always infected. He is always in physical pain. He has trouble eating and the other night he literally choked on his steak (which was terrifying). 
+
+He had a free consultation with a dentist today who quoted the work he needs done to have a healthy mouth again at $50k. I honestly just want to cry. I don't know what to do. We don't have that kind of money. God, I was balking at the thought of it costing $10k. Please, help. What should we do?
+Economists' consensus is that price floors and ceilings lead to surpluses and shortages, respectively.  However, this is only true if the price control is placed above or below market equilibrium, respectively.  So, why do economists seem to be opposed to price controls (other than the minimum wage and some agricultural price floors) out of principle, rather than being opposed to them *on the condition* that they are incorrectly set in relation to market equilibrium?
+Whats up gang.
+
+​
+
+It's time we had another sub debate on the shit show that is going on around us. Global markets are choppy, the bears are in full chub, interest rates are flying up, CPI, cost of living, fuel blah blah...
+
+The R word is getting thrown around, but what does that actually mean and how does that translate to our beloved stonks?
+
+The purpose of this post is to gather up all our demented ramblings into one place, have a debate on whats going down and hopefully provide a wrinkle or two for the smoother brained amongst us...
+
+​
+
+**THE TOPIC: Are we heading for a recession?** 
+
+​
+
+**Yes or No, Why or Why Not?**
+Think about how a lot of big business and government work by burying information in massive documents or long terms of service so that everyday people just give up reading it in detail because they don't have time. 
+
+Every quarter when the documents are published by GME they are looked over with a magnifying glass for any detail that could tip the hand of the company and the impending MOASS. The speed and collaboration that this is achieved by this dedicated group of apes is nother short of astonishing. 
+
+It gets me thinking these huge government bills that include thousands of pages should also go through a similar process. Have a group of individuals like Reddit that have a short window of time to review the information before final judgement can be issued. 
+
+It's going to be fun to watch you apes do what you do.
+Hoping this type of post isn't banned here, sorry if it is. Mods, remove away if need be.
+
+I found 1.5 acres of land in the Southwest USA for less than $1K. I've done some of the minor legwork researching costs and in my own head it seems almost ridiculous not to buy it, but I literally don't know squat about something like this.
+
+Property is in a subdivision of a city of about 15K people about 15 miles away. Very few neighbors w/ homes in the immediate area near the property. I found the subdivision restrictive covenant and it has a minimum of 600 sq ft for a structure, but not much else I need to worry about. I'm picturing the most basic of basic - 4 walls and a foundation - cabin/home or possibly earth sheltered concept, maybe an A frame with solar?
+
+Power: Power lines on road with easy access, also thinking I could mainly use solar(desert)
+
+Water: Water table is ~50 ft. down, but possibly bulk water delivery to start
+
+Internet: Closest neighbor is a block over and they have internet according to the broadband map of US, but even if not available, it is flat enough that I could probably use cell hotspots 
+
+Plumbing: Lot is definitely big enough for possible septic in future, but the state allows composting toilets which I've looked into a bit and think it could be a decent option. Not having nearby neighbors would be a big plus while I figure that one out.
+
+It has a slight elevation as it moves towards the back of the property and I thought possibly a small cabin/earth sheltered home might work well if you dug in a little bit.
+
+Am I crazy for thinking this could work out ok? The logic in my head is telling me that for the price of the land I could just sit on it for years and it would still wouldn't be a terrible investment. The taxes are less than 50/year, so even if I pitched a tent there for a week I'd be saving money on paying rent. I'm 41 and have been paying rent for 23 years. It just seems so refreshing even to contemplate not having to pay that each month.
+
+And this is by no means an actual plan for the future, but there are other lots in the area and could potentially do something again in the future to rent out or re-sell... Just a thought, not a plan by any means. Just one for now will be fine.
+
+Any and all advice welcomed as long as it is actually helpful and not just calling me a moron... thanks!
+
+Edit: Just found out the postings are inaccurate. It's only a half acre, not 1.5. Gonna keep looking, but a major buzzkill.
+Hey all, I posted here earlier today, but realized I needed to verify my NW with the mods so this wouldn't come off as a troll post. I've done that and wanted to repost this with the intent of hearing others perspectives on how they would manage money if they were in my position.
+
+**The mods (**[u/WealthyStoic](https://www.reddit.com/u/WealthyStoic)) **have looked at proof of my bank statements, investment accounts, etc. and have verified my info. So with that, here's some context:**
+
+I started a tech startup when I was 20 years old. Worked my ass off 7 days a week for 5 years to get the company where it is today. My startup saw a big tailwind with through this pandemic that resulted in millions working from home who needed a better WFH set up (my company is built around remote work). The company has obviously done extremely well, and as a result, I've sold off some of my ownership to diversify into other areas.
+
+**My current portfolio is as followed:**
+
+* \~$17M in private stock in my startup (illiquid, strong secondary market. I don't plan on touching this)
+* \~$2M in cash that becomes liquid in 6 months
+* \~$1.7M in bonds (+ $350K on margin at .95%)
+* \~$250K in cash
+* \~$175K in venture capital funds
+* \~$100K in volatility fund
+* \~$35K in public stock
+
+I am renting a place in a HCOL area in California, but have been "thinking" about moving to Texas. I don't own any hard assets aside from a car. I'm not looking to retire anytime soon and don't want to put all my money in a low-risk bond portfolio. I want to be slightly more aggressive with my investing approach and take a few big bets.
+
+I want to explore more opportunities in the multi-family real estate space, specifically focusing on deals that have a higher emphasis on cash flow over equity appreciation (haven't found any that I like yet). Picked real estate as that's an area I haven't made any investments in.
+
+**I'm looking to build a portfolio where I can net \~$300K in income annually and maximize my returns with moderate risk investments.** I have a great financial advisor who has been helping me out here, but wanted to turn to this subreddit to hear how others would craft a portfolio of a similar size.
+
+I want to emphasize this again - I'm posting this here to get perspective on how others would build their portfolio if they were 25, with this wealth, and wanted to be take moderate risk with their investable cash.
+Like many, I started selling options earlier this year.  My primary sources for learning were [thebluecollarinvestor.com](https://thebluecollarinvestor.com) and [tastytrade.com](https://tastytrade.com).
+
+I determined performance vs the market by spreadsheet tracking a "purchase" of shares of SP500TR every time I added money to my account, then comparing EOY values of my account (after taxes) to the SP500TR value.
+
+I used as underlyings dividend aristocrats and a few others that I felt were high quality companies that  will pay reliable, growing dividends in the future.  My list that I sold puts or covered calls on in 2020 is:
+
+ABBV
+
+AFL
+
+AMCR
+
+AOS
+
+BAC
+
+BEN
+
+BMO
+
+BMY
+
+BTI
+
+CAH
+
+D
+
+DUK
+
+ENB
+
+GD
+
+GILD
+
+IBM
+
+IVZ
+
+JPM
+
+KO
+
+LEG
+
+MET
+
+MMM
+
+MO
+
+MRK
+
+OZK
+
+PBCT
+
+PEP
+
+PFE
+
+PM
+
+SO
+
+T
+
+Ul
+
+UNM
+
+VTRS
+
+WBA
+
+WU
+
+XLE
+
+XOM
+
+I sold some weeklies at first but mostly did the 45 DTE target a la Tastytrade.
+
+Here are my mistakes/lessons learned for the year:
+
+1. **Not understanding how to use portfolio margin responsibly.**  This is one of the two primary reasons (taxes being the other) my taxable account barely beat the market.  I started out in March only selling cash-secured puts thinking naked puts were too risky.  Tastytrade has some good back tests showing that up to 60% of buying power could be allocated through events like the great recession without  blowing up.  Much later in the year I starting to target using 25-30% of my buying power instead of only selling cash-secured.  Had I done this earlier my returns would have been greatly enhanced.
+2. **Taxes take a huge chunk out of returns in a taxable account.**  I'm in a higher tax bracket so that matters but it is almost to the point of the effort not being worth it.  With my adjustments going forward and using a touch of margin I think 2021 will be much better even taking taxes into account, but if I am wrong and it is not then I will need to re-evaluate this strategy in my taxable account.  **Edit for clarity:** I am in a \~35% combined federal+state tax situation for short term gains.  My "beat the market by 0.5%" calculation is after paying 35% of my gains in short term tax and 15% on long term gains/dividends.
+3. **I committed fully to positions too soon, which did not allow me to add to them when better opportunities showed up.**  Two tickers this happened with were IVZ and WFC.  I had committed full positions to each, and then they dropped significantly lower, which should have been an opportunity for me to grab more.  However I just wasn't comfortable doing it because of a nagging voice saying "what if you're wrong and they go bankrupt, that would be too big of a loss to take."
+4. **I Figured out too late that I needed to roll out and up before getting deep itm on calls.** Because of this, I have some June WFC 27.5 calls that I wish were at the 30 strike instead. Cost basis on the shares is $25.02 so it's still a gain but it could be a better gain if I had acted sooner.
+5. **I Figured out too late that I really want to be long stock and sell options around my positions.** I let KO, PEP, SO, MET, LEG and AOS get called away at some great prices. All for a profit but I wish I had rolled my calls out and up.
+6. **I Bought back some calls in June for a small profit when I was sure the underlyings were going to pop.**  They never popped.  I could have just kept them on and collected all the theta.  I guess this is the option equivalent of market timing.
+7. **I got assigned some BTI 40 puts early**.  I was planning to roll these until I was right, and it was a surprise that they got assigned to me early.  I had expected that was possible with it covered calls, didn't realize it could happen with puts too.
+8. **Order entry mistakes can happen.**  Using the web version of my broker I sold 10 puts when I wanted to sell 1, and I sold in my taxable account when I wanted to in one of my IRAs.  The web interface is just clunkier.  Thankfully the options I sold too many of had narrow bid-ask spreads and the loss correcting the mistake was only about $2 total per contract.
+9. **I sold some PFE puts not realizing they were about to spinoff VTRS.**  This meant my adjusted puts would become much less liquid.  I bought them back at a small profit thinking I needed to avoid the illiquidity of having adjusted options.  Now that I know whats up I can be prepared for IBM later this year.
+10. **I took some months off from actively monitoring my positions.**  I know this cost me because I didn't buy things back at 50% profit for most of June, July, August, and September.  I was just mentally fried at the time with quarantine, having homeschooled the kids, and everything else going on.  This is an active strategy and taking time off = money lost.  I've since trimmed the time commitment but when the market has a big day I need to take the time to redeploy capital to keep the returns flowing.
+11. **I don't even know why I am comparing returns to the S&P.**  If I was long all of my underlyings that wouldn't compare to the S&P, so I am not sure of the point, other than to make sure what I am doing is worth my time vs buy and hold SPY.
+
+If I can think of more beyond that 11, I'll edit them in.
+
+Hopefully this is helpful to others just starting.  Hope you have a profitable 2021!
+hi all, sorry if this isn’t the correct sub to post in.
+
+I applied to work at a dental specialty clinic, specifically for a reception/front desk position. They did a group interview (sorta) yesterday and they reached out to me today asking me to come in for a full day working interview next week. 
+
+I’m on the fence about this just because I still have no idea what the pay is, not even an estimate. Although I really want this job (pursuing a career in the dental field, any experience helps), I don’t want it if it turns out to be minimum wage as I just can’t live off of that. 
+
+Would it be inappropriate to ask for an estimate on compensation before accepting the working interview? Or should I just suck it up as it’s only 1 day? I’ve never been asked to do a full day working interview so I’m unsure what’s considered normal in this situation.
+
+
+
+------------------------------------------------------
+
+
+**edit:** hi guys, i went out and came back to 100+ notifs so i'd just like to give an update. i've been emailing back and forth with the dentist. i asked him about the salary etc. he asked me what i'm looking to make so i let him know. he sent me an in depth response stating that what i'm asking for is no problem, and given my experience he planned on making me a different offer (which was a few dollars more than what i thought would be a realistic number!) 
+
+he explained to me what the working interview would entail, and as some of you in the dental field mentioned, it's mostly to see how i mesh with the rest of staff and he said i would be given small tasks to see how i handle things. but i won't be given anything that directly benefits the business (i.e., dealing with patients or any "real" work, i guess it can be compared to homework? lmao.) and he reassured me that i would be paid for my time regardless of whether i'm hired or not.
+
+thank you to everyone that gave their input! i really appreciate it and so many of you were really helpful. ❤️
+He said that in-person meetings are no longer the gold standard, so if he turns out to be correct, then can we expect airline and hotel stocks to not return to their previous highs for many years, if ever? 
+
+https://www.businessinsider.com/bill-gates-business-travel-office-work-predictions-post-pandemic-2020-11
+
+Edited typos
+So as you can tell, I'm new to investing. As of now, I'm reading up on how to invest on Zerodha Varsity and playing around with a bit of money.
+
+One thing I have noticed is that I panic and sell stocks with +1.5% profit because I fear they'll fall and I'll somehow end up in losses.
+
+How do you guys face this issue (and whether this happens for you)? What % profit are you usually looking for?
+I've read countless books on fundamental analysis, including the Intelligent Investor. Dozens of swing trading books, technical analysis books, and day trading strategies. I've taken online courses through my local University in finance (working on an MBA). I do hours upon hours of research before investing in anything, yet everything I touch just gets destroyed. I bought Novagold this year. Next day, short report. Stock plummets. Luckin Coffee? Scandal, fraud, delisted twice, worthless stock. I bought BEN thinking it was a wise long call for dividend growth. Just keeps plummeting. When I bought Tesla and Netflix, they both sank. I've bought endless stocks when they've hit below the lower bollinger bands, and everytime I do, they just go lower (with no news mind you). I bought AAPL yesterday, thinking $386 was a good discount value purchase. PLUMMETING AGAIN. I just don't get it. When a company comes out with a great earnings report and I buy, the stock tanks. When a company comes out with bad earnings, it goes straight up after I short it. I could literally pull letters out of a hat and have better success.
+
+Edit:  I should point out that I do day trade, and I wasn't actually referring to day trading, which I feel like is just a different game than investing.  Thanks to the PDT rule, I can only trade 3x per week, and every week all my profits are offset by my investments.
+
+FINAL EDIT:  I'd just like to point out to save my sanity and refresh my outlook on life.  When the pandemic was at the bottom and I was getting into investing hardcore, I changed my and my wife's retirement allocations into index fund investments, so there's that.  Retirement funds are up 20% since April, which is crazy.  Thank god I'm not allowed to invest in individual stocks with my 403b.
+
+Edit:  Wow, this sub is great!  I am already feeling a lot better.  Never seen support in any other sub like this and was honestly just not checking my inbox because I assumed I was going to just get trolled all day.  Thanks for the wise words and support friends!  Time to move on to index funds for sure!  (Maybe if I can get back into the green on BEN and AAPL ever).
+I am in the process of buying a house with my girlfriend and my dad originally gave us a gifted deposit of £2500. Our mortgage application has been accepted and we accepted their offer. Now my dad wants the gifted deposit back because he had a letter from our solicitor askign for ID checks etc. He has not rang up the solicitors stating we have committed fraud and that he wants the gifted deposit back. He signed the gifted deposit certificate from our lender.
+
+I have sent him back the £2500, my girlfriends parents have said they will give us the £2500 as a gifted deposit that my dad was going to originally give. What can I do now?
+“This great emphasis on volatility in corporate finance we regard as nonsense. Let me put it this way; as long as the odds are in our favor and we’re not risking the whole company on one throw of the dice or anything close to it, we don’t mind volatility in results. What we want are favorable odds.” - **Charlie Munger**
+
+“Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.” - **Charlie Munger**
+I was selling my home privately and was approached by a woman I knew who wanted to buy it - I didnt clue in til later that she is a wholesaler. 
+
+She offered 25k less than my asking price (which was already priced below comparables) to "save me the cost of realtors, inspections, closing costs and walk throughs" as if I hadnt already taken care of all that and had no idea what was involved in selling a house.
+
+Then she explained how she would "buy" the house now and take over all the costs and continue to pay my mortgage and then actually do the closing and buyout in two years - a future sale agreement. Which MIGHT make sense to someone desperate to get out of their house asap and doesnt care about losing their hard earned equity (I reno'd the entire house myself after 15 yrs of ownership)
+
+There was no way I was going to do that. But the infuriating part is that later, through our mutual fb group, I find out she doesnt even HAVE the money to buy houses. She was pulling a wholesaler's *stunt* where she pretends to have the cash to buy and only puts the house under contract and then hopes to find a buyer before the closing date and flips the contract to the new buyer, making a profit and doing absolutely nothing to earn it, other than trying to take advantage of a perceived distressed seller which I was not.
+
+The RE industry is already rife with enough shady deals. This kind of ploy, often touted by RE "gurus" on how to buy houses "with other people's money" is bullshit, especially when the "buyer" does not actually have the means to buy the house like they pretend to. Whenever I see this vulture responding to other people who are advertising their homes, I warn them about her ploy because its just plain unethical.
+I'm sitting on about $20 mil in BTC. I can already tell someone's about to impulsively comment and tell me to diversify and pay taxes. Well you're in luck, that's exactly what I'm doing! Or, well, I'm trying.
+
+At this point I've signed up for 5 bitcoin exchanges, and none of them will verify my identity. And the hoops I had to jump through are crazy. One of them asked me to take a video of myself agreeing to the terms of service. So I did. Only to remain stuck in "pending verification". I've sent email after email, and heard nothing back for weeks.
+
+Meanwhile, I signed up for Fidelity and they asked me 3 questions from my credit report, and I was verified in 10 seconds. (I think these questions are from Equifax.) It was easy, fast, instantaneous. That has been the standard process with every financial company I've ever done business with. In comparison, the bitcoin exchanges feel like a dark alleyway at night. Why do they make things so complicated?
+
+Are there any success stories from anyone who sold crypto in the USA? Which exchange did you use?
+
+This might be a mindset problem. Living FAT means spending money to solve problems, right? I'm sure when Elon Musk wanted to buy BTC, he didn't spend a month writing unanswered support tickets to Coinbase. How can I adjust my approach? Can I pay for a support contract or something to have them respond within 24 hours?
+
+I also might be getting tunnel vision about using a "bitcoin exchange". Is there some other category of company that can handle this kind of transaction?
+GME millionaires will be mostly your average people. Most probably don't come from money. Most probably working a dead end job just to survive. GME millionaires will be the people who give back to their communities, help out kids or adults who are struggling to get by. The world will have never seen anything like what GME holders will give back after the MOASS, mark my words.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new).
+
+***
+
+The thread guidelines are as follows:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  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.
+-  If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep
+
+***
+
+ 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!
+
+What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now.
+
+**What is this tool good for**
+
+I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker.
+
+Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned.
+
+\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/l1jagq/iv_report_high_iv_tickers_with_share_price_under/) that highlights cheaper stocks.
+
+# High IV Tickers List
+
+\*Some of the market cap data is off, so always double check before entering any plays!
+
+|Ticker|Market Cap|Stock Price|IV (%)|
+|:-|:-|:-|:-|
+|AMC - AMC Entertain...|577M|$3.51|278%|
+|GME - Gamestop|4.53B|$65.01|258%|
+|MARA - Marathon Patent...|1.16B|$18.34|207%|
+|RIOT - Riot Blockchain...|1.42B|$20.91|185%|
+|DGLY - Digital Ally In...|72M|$2.63|157%|
+|NNDM - Nano Dimension ...|143M|$14.32|155%|
+|FUBO - fuboTV Inc|2.55B|$37.90|153%|
+|JMIA - Jumia Technolog...|0|$57.05|151%|
+|SOLO - Electrameccanic...|666M|$8.21|150%|
+|QS - QuantumScape Co...|10.3B|$49.81|144%|
+|LAZR - Luminar Technol...|7.44B|$33.20|138%|
+|CODX - Co-Diagnostics ...|332M|$11.65|135%|
+|ARCT - Arcturus Therap...|1.65B|$67.15|130%|
+|SBE - Switchback Ener...|1.24B|$39.63|128%|
+|TLRY - Tilray Inc - Cl...|2.4B|$17.98|125%|
+|GSX - Gsx Techedu Inc...|0|$92.95|125%|
+|BLNK - Blink Chargin...|1.59B|$44.05|124%|
+|APXT - Apex Technology...|557M|$15.63|124%|
+|SRNE - Sorrento Therap...|2.53B|$9.62|124%|
+|WKHS - Workhorse Group...|2.83B|$23.45|118%|
+|PLUG - Plug Power Inc|27.8B|$66.43|116%|
+|PLTR - Palantir Techno...|48B|$32.07|116%|
+|COTY - Coty Inc - Clas...|4.84B|$6.25|116%|
+|OSTK - Overstock.com I...|2.9B|$68.08|114%|
+|ACB - Aurora Cannabis...|1.51B|$10.64|114%|
+|APHA - Aphria Inc|3.85B|$12.89|113%|
+|HYLN - Hyliion Holding...|2.68B|$17.36|110%|
+|SPCE - Virgin Galactic...|8.03B|$34.15|108%|
+|CRSR - Corsair Gaming ...|3.53B|$38.46|108%|
+|XPEV - XPeng Inc - ADR...|0|$56.34|107%|
+|LMND - Lemonade Inc|8.69B|$153.15|103%|
+|BBBY - Bed, Bath & Bey...|3.68B|$29.73|98%|
+|NKLA - Nikola Corporat...|7.72B|$20.06|95%|
+|FSLY - Fastly Inc - Cl...|10.6B|$103.20|93%|
+|AI - C3.ai Inc - Cla...|0|$126.90|93%|
+|ABNB - Airbnb Inc - Cl...|110B|$180.72|91%|
+|APPS - Digital Turbine...|6.03B|$67.14|91%|
+|RIG - Transocean Ltd|1.69B|$2.71|90%|
+|PINS - Pinterest Inc -...|45.2B|$73.61|89%|
+|NIO - NIO Inc - ADR|96.6B|$61.87|87%|
+|SFIX - Stitch Fix Inc ...|6.1B|$94.01|86%|
+|GRWG - GrowGeneration ...|1.84B|$49.49|85%|
+|DASH - DoorDash Inc - ...|0|$193.17|85%|
+|SNAP - Snap Inc - Clas...|79.8B|$53.41|84%|
+|UPWK - Upwork Inc|5.05B|$41.06|84%|
+|LL - Lumber Liquidat...|858M|$29.58|83%|
+|ENPH - Enphase Energy ...|26.8B|$212.25|83%|
+|CNK - Cinemark Holdin...|2.31B|$19.56|81%|
+|PSTH - Pershing Square...|5.84B|$29.10|81%|
+|FVRR - Fiverr Internat...|7.85B|$243.49|80%|
+|CGC - Canopy Growth C...|12.6B|$33.64|80%|
+|PRPL - Purple Innovati...|2.32B|$38.02|79%|
+|CRSP - CRISPR Therapeu...|13.4B|$187.81|79%|
+|IQ - iQIYI Inc - ADR...|15B|$20.69|79%|
+|X - United States S...|4.17B|$18.90|79%|
+|PENN - Penn National G...|17B|$109.33|77%|
+|W - Wayfair Inc - C...|21.8B|$299.37|77%|
+|MRNA - Moderna Inc|51.8B|$130.83|77%|
+|CRON - Cronos Group In...|3.79B|$10.65|76%|
+|HOME - At Home Group I...|1.62B|$24.93|76%|
+|U - Unity Software ...|41.7B|$154.93|76%|
+|HUYA - HUYA Inc - ADR|414M|$24.08|75%|
+|DKNG - DraftKings Inc ...|20.6B|$52.78|75%|
+|CVNA - Carvana Co. - C...|12.8B|$272.75|74%|
+|SEDG - Solaredge Techn...|16.5B|$318.57|74%|
+|GLUU - Glu Mobile Inc|1.71B|$9.81|73%|
+|FROG - JFrog Ltd|5.91B|$64.82|72%|
+|TWTR - Twitter Inc|38.2B|$48.05|71%|
+|NET - Cloudflare Inc ...|25.7B|$83.80|71%|
+|TSLA - Tesla Inc|803B|$843.86|71%|
+|OXY - Occidental Petr...|20B|$21.45|71%|
+|SAVE - Spirit Airlines...|2.7B|$27.62|70%|
+|PTON - Peloton Interac...|40.8B|$159.88|70%|
+|BIDU - Baidu Inc - ADR...|88B|$252.66|69%|
+|BYND - Beyond Meat Inc...|8.82B|$141.88|69%|
+|ETSY - Etsy Inc|26.9B|$213.13|69%|
+|DDOG - Datadog Inc - C...|21.8B|$104.97|69%|
+|NCLH - Norwegian Cruis...|5.28B|$24.59|68%|
+|F - Ford Motor Co.|45B|$11.54|68%|
+|ROKU - Roku Inc - Clas...|53.7B|$421.30|68%|
+|M - Macy\`s Inc|4B|$12.87|67%|
+|TTD - Trade Desk Inc ...|34.1B|$814.46|66%|
+|CCL - Carnival Corp. ...|22.3B|$20.23|66%|
+|RKT - Rocket Companie...|2.31B|$20.02|65%|
+|TAN - Invesco Capital...|4.94B|$120.91|65%|
+|UAA - Under Armour In...|7.75B|$18.55|64%|
+|FEYE - FireEye Inc|5.16B|$22.64|64%|
+|Z - Zillow Group In...|33.4B|$145.47|64%|
+|SHAK - Shake Shack Inc...|4.26B|$110.49|64%|
+|ZNGA - Zynga Inc - Cla...|11.6B|$10.71|64%|
+|AAL - American Airlin...|9.57B|$15.79|64%|
+|ZS - Zscaler Inc|29.1B|$216.33|63%|
+|NOK - Nokia Corp - AD...|2.75B|$4.21|63%|
+|BIG - Big Lots Inc|1.89B|$50.76|62%|
+|CHWY - Chewy Inc - Cla...|41.9B|$104.72|62%|
+|EAT - Brinker Interna...|2.86B|$62.97|62%|
+|RCL - Royal Caribbean...|16.1B|$72.00|61%|
+|DBX - Dropbox Inc - C...|7B|$22.14|61%|
+|LYFT - Lyft Inc Cls A|14.8B|$47.99|60%|
+|SNOW - Snowflake Inc -...|14.5B|$285.83|60%|
+|SQ - Square Inc - Cl...|94.7B|$222.35|60%|
+|LB - L Brands Inc|12.6B|$45.37|60%|
+|ICLN - BlackRock Insti...|6.84B|$32.88|59%|
+|CREE - Cree, Inc.|12.6B|$114.32|59%|
+|TWLO - Twilio Inc Clas...|55B|$392.03|59%|
+|SE - Sea Ltd - ADR|103B|$235.95|59%|
+|YETI - YETI Holdings I...|6.11B|$69.72|59%|
+|CHGG - Chegg Inc|12.5B|$97.16|58%|
+|TDOC - Teladoc Health ...|38.1B|$261.85|58%|
+|ZM - Zoom Video Comm...|110B|$382.66|58%|
+|DISH - Dish Network Co...|16.2B|$30.95|58%|
+|ARKG - ARK Investment ...|10.5B|$110.40|57%|
+|AMD - Advanced Micro ...|112B|$93.00|57%|
+|SMAR - Smartsheet Inc ...|8.87B|$72.26|57%|
+|ESTC - Elastic N.V|14.8B|$169.10|57%|
+|CZR - Caesars Enterta...|13.4B|$79.32|57%|
+|WYNN - Wynn Resorts Lt...|11.6B|$107.80|56%|
+|SHOP - Shopify Inc - C...|144B|$1198.32|56%|
+|UAL - United Airlines...|12.3B|$42.17|56%|
+|HAL - Halliburton Co....|17B|$19.16|56%|
+|MGM - MGM Resorts Int...|15.5B|$31.58|55%|
+|UBER - Uber Technologi...|95.8B|$54.28|55%|
+|GPS - Gap, Inc.|8.45B|$22.58|54%|
+|SPOT - Spotify Technol...|61.4B|$341.11|54%|
+|VALE - Vale S.A. - ADR...|90.9B|$17.20|53%|
+|MELI - MercadoLibre In...|98.2B|$1968.40|53%|
+|WDC - Western Digital...|15.4B|$50.81|52%|
+|CRWD - Crowdstrike Hol...|42B|$223.66|52%|
+|TEVA - Teva- Pharmaceu...|13.7B|$12.51|51%|
+|GM - General Motors ...|79.3B|$55.41|51%|
+|MTCH - Match Group Inc...|36.5B|$141.45|51%|
+|TEAM - Atlassian Corpo...|31.1B|$235.53|50%|
+|EXPE - Expedia Group I...|18.6B|$136.81|50%|
+Ok, I continue to see misinformation being spread in this sub that shorts are benefiting from these zombie stocks. It's not true, and if it continues, can intentionally/unintentionally be spreading FUD to Apes, making them think SHFs are somehow in control of this and able to continue dragging it all out.
+
+Let me be clear that this is not the case.
+
+I've received numerous requests to cross-post DD I've been linking in my comments on this matter. Here's an excellent DD on the zombie stocks. This DD is not mine, all credit goes to  [u/Tripartist1](https://www.reddit.com/user/Tripartist1/) ( [https://www.reddit.com/r/amcstock/comments/phm879/lets\_clear\_some\_thing\_up\_about\_zombie\_stocks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/amcstock/comments/phm879/lets_clear_some_thing_up_about_zombie_stocks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) )
+
+DD pasted below (edited for compatibility for r/Superstonk):
+
+\-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+I have seen a lot of contradicting information today on these stocks and I'd like to spark some real discussion and critical thinking on the matter. I firmly believe there is FUD and narrative pushing going on because we've uncovered some REAL skeletons this time. "they're pumping to increase their books bc they're long these stocks HERR DERRR". Yeah. I call shill.
+
+So, here is what we know:
+
+* So called "Zombie Stocks" have run ups at or prior to periods of high buying pressure on GME
+* "Zombie Stocks" are not publicly traded (but this doesn't mean YOU can't buy them. More on this later)
+* SHF will short companies they believe to be dying, into oblivion, likely creating many times the float worth of synthetics with complicit MMs
+* The lower the share price of a shorted stock, the more money they make on the short
+* Taxes do not need to be paid until a gain is realized
+
+Let's start piecing this together with a short timeline scenario...
+
+Blockbuster denies a purchase of Netflix, starts losing market share, streaming starts taking off, things look grim for it's business model. SHF see this as a prime opportunity to make some easy money, they short the company into the pit. The ultimate goal here is to drop the share price to under $1/share. Why? Well, take a look at the requirements for being listed on a public exchange ([source](https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf)):
+
+​
+
+https://preview.redd.it/d227nnczqpl71.png?width=925&format=png&auto=webp&s=7efe6d130132af3217aac4228334273cbcf03b36
+
+NYSE Requirements
+
+As you can see, there are quite a few requirements that need to be met to get listed, and the same goes for STAYING listed. From [Investopedia](https://www.investopedia.com/ask/answers/09/stock-delist.asp):
+
+>Listing requirements vary from one exchange to the next. For example, on the [New York Stock Exchange](https://www.investopedia.com/terms/n/nyse.asp) (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the [delisting](https://www.investopedia.com/terms/d/delisting.asp) process. Furthermore, the major exchanges also impose requirements related to [market capitalization](https://www.investopedia.com/terms/m/marketcapitalization.asp), minimum [shareholders' equity](https://www.investopedia.com/terms/s/shareholdersequity.asp), and revenue outputs.
+
+Cool. So if they can increase supply and distort a company enough to drop it under $1 for more than 30 days, it gets delisted. What's the point of getting it delisted? Well for one, there is a stigma around delisted stocks. They are much less likely to get investments from institutions, they can't be added to indexes, exposure to buying pressure is greatly reduced.
+
+Are you seeing the benefits yet? Once a stock is delisted it GREATLY reduces risk in the short position. But we still don't have the full picture yet. So let's continue our timeline.
+
+Blockbuster goes bankrupt, SHF succeed in getting them delisted, they hold massive short positions, potentially as much as $30 per share in profit. If they did to this company like we suspect in AMC/GME, then we are talking potentially 100s of billions of $$$, ON JUST BLOCKBUSTER ALONE. This is where taxes come into play. Since you don't pay taxes on unrealized gains, if you don't close your position on these dead stocks you never have to pay Uncle Sam. The question now becomes, how is this position useful/profitable if you never cash out?
+
+Meet leverage. When buying on margin, **UNREALIZED GAINS CAN BE USED AS LEVERAGE** ([Fidelity](https://www.fidelity.com/learning-center/trading-investing/trading/understanding-benefits-risks-margin)):
+
+>If your portfolio is dominated by a large block of stock from one company, such as a current or former employer, you could be putting too many eggs in one basket. **With a margin account, however, you may be able to use those shares as collateral for a margin loan. You can then use the loan proceeds to diversify your portfolio without having to sell your original shares of stock. This strategy can be particularly helpful if you have a large unrealized capital gain and want to keep it that way.**
+
+If you close your position, you are cutting your collateral for margin into fractions of what it could be by keeping these positions open. Why pay $50b in taxes on a $100b short position when you could use $700b on margin with that same position. Is it starting to make sense yet?
+
+So, this is all bullshit, sure, but how does it tie into GME? That is the question everyone is asking. We know they LOVE trading on ungodly leverage ratios, 7:1 or even more, and we now know that these positions on Zombie Stocks are likely contributing to a YUGE percentage of their margin collateral...
+
+So, what happens when one of their short positions becomes unmanageable, but they can't close that position without fucking themselves? Well, they start getting calls. Yep, *those* calls. And to satisfy those calls, liquidation has to take place. The runups we are seeing on Zombie Stocks are the CLOSING OF THOSE SHORT POSITIONS.
+
+As we have all learned, to close a short position, you must buy the share back and return it to the lender. But wasn't the stock delisted and no longer publicly traded? How do you buy a stock which isn't publicly traded?
+
+Welcome to the OTC Markets ([Fidelity](https://www.investopedia.com/terms/o/otc.asp)):
+
+>Over-the-counter (OTC) refers to the process of how securities are traded via a [broker-dealer network](https://www.investopedia.com/terms/b/broker-dealer.asp) as opposed to on a centralized exchange. Over-the-counter trading can involve equities, debt instruments, and [derivatives](https://www.investopedia.com/terms/d/derivative.asp), which are financial contracts that derive their value from an underlying asset such as a [commodity](https://www.investopedia.com/terms/c/commodity.asp).In some cases, securities might not meet the requirements to have a listing on a standard market exchange such as the [New York Stock Exchange (NYSE)](https://www.investopedia.com/terms/n/nyse.asp). Instead, these securities can be traded over-the-counter.1However, over-the-counter trading can include equities that are listed on exchanges and stocks that are not listed. Stocks that are not listed on an exchange, and trade via OTC, are typically called over-the-counter equity securities, or OTC equities.2
+
+You see, being delisted doesn't mean you can't trade the stock. It means you need to jump through a few hoops to do so. Most reputable brokers have some way to trade these securities, whether that means calling and talking to someone on the phone, or using their mobile app, or opting into "penny stocks". The important thing here is that **you can buy (and sell) these stocks.**
+
+So SHF start buying from OTC markets to close these short positions on Zombie Stocks to sure up the books, and this causes a small run up of price due to the bid-ask spread in OTC markets being very wide usually. This means when we see runups in zombie stocks, **they are under financial stress.**
+
+So now when you see this image, does it jack your tits ([r/Superstonk](https://www.reddit.com/r/Superstonk/comments/ph3bfr/zombies_found_thousands_of_otc_stocks_correlating/))?
+
+​
+
+https://preview.redd.it/avjiatczqpl71.png?width=1153&format=png&auto=webp&s=96a5e46daa562dafc2489ee841d76e87a70b200d
+
+​
+
+Zombie Stocks '21
+
+When you realize they have done the same thing to Toys'R'us, RadioShack, Sears, etc... It all starts making sense.
+
+Remember how [Jim Cramer compared GME to Blockbuster](https://www.msn.com/en-us/money/smallbusiness/why-jim-cramer-compares-gamestop-to-blockbuster/vi-BB1bN56n)?
+
+Or how about Ryan Cohen tweeting about [Blockbuster](https://twitter.com/ryancohen/status/1346943412663177218) and Sears?
+
+​
+
+https://preview.redd.it/8l31v5fyqpl71.png?width=1280&format=png&auto=webp&s=adc290f88be7e59972754b8a1b66103decf1f750
+
+RC Sears Tweet
+
+Apes are shedding light on the literal foundation of the SHF business model. And we've been getting hints the whole time...
+
+Bonus: Who remembers the amendments to Rule 15c2-11? Changes to OTC markets to take effect this month? Limit buying of OTC stocks? Prevent brokers from pushing OTC quotes? Now, I'm not saying there's anything here, but it definitely FEELS like preventative measures.. You wouldn't want millions of Apes piling into a stock at $0.005 per share when you have billions of shorts there now would you?
+
+\[End\]
+
+\-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+As u/Tripartist1 notes, "zombie stocks running up could be an early sign of MOASS. Margin calls force them to close these positions to satisfy the call, which causes a price runup on the OTC markets. When we start seeing a lot of action here (which historically happens around price spikes and ATHs in GME) its a good indication that dominoes are starting to fall."
+
+​
+
+Also, SHFs have been shorting all those stocks for a long time, they played the same game with Sears just like GME: MSM propaganda was rampant on Sears back then...
+
+https://preview.redd.it/4j3inedhtpl71.jpg?width=1125&format=pjpg&auto=webp&s=480768b55aace99961a03e4c0d3a6943772456d0
+
+For someone to be saying they're long on Sears instead of short, it's like saying that they're long on GME. Yeah, like by a little, but still tons and tons of shorts that they never intended to cover.
+
+It's the same as saying SHFs profit when GME goes up, when the exact inverse is happening. They've got mostly shorts; it's hurting their collateral.
+
+Their intention was for the zombie stock to go to $0 and finally die after bankruptcy court liquidated all their assets for creditors. That way, it’s all free money & they pay no tax on profits. As such, these zombie stock spikes hurt their balance sheets.
+
+The price of Sears is about 40 cents right now.
+
+Hypothetical simplistic model:
+
+Let’s say a company shorted Sears using synthetics and 10 million shares, helped get it delisted from $70 to few pennies. They don’t want to cover. They got free money. But if they have to now cover 10 million shares and it squeezes from $.1 to $.4 they lose 4 million or so. Small SHFs with only maybe 100 million in cash reserves are screwed. Now take Sears and multiply it by hundreds of zombie stocks doing the same thing. This is hurting SHFs heavily.
+
+Now, some have been asking why zombie stocks spiked up in January. I believe I may have an answer.
+
+When GME had its first gamma run spike in January, that caused a giant wave of spikes in other stocks. I was thinking it could be retail hype, but it's more likely that tiny SHFs got margin called and were forced to cover some shorts in the zombie companies. That GME gamma run in January hurt a lot of SHFs (e.g. Melvin Capital), and since many of them had shorts in those bankrupt companies at the brink of liquidation, and a number likely got margin called, they were forced to cover at least some of their zombie stocks. And why not go for those back in January instead of covering GME, as there was much less attention on zombie stocks anyways.
+
+What caused the recent covering?
+
+A number of things. u/jaloosk says,
+
+"They’re spiking because of forced compliance for a rule change from last year is coming into effect. Many of these HF’s with open positions have short positions open, and they have to buy to close, which raises the price.
+
+Until now, they could leave the positions open forever, for untaxed, unrealized gains, using those tax-free gains for more margin leverage. Now they have to close them, realize the gains and (hopefully) pay the taxes."
+
+[https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/)
+
+[https://www.reddit.com/r/Superstonk/comments/phc10s/posted\_for\_visibility\_ive\_tried\_3\_times\_to\_award/hbhfmbg/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/phc10s/posted_for_visibility_ive_tried_3_times_to_award/hbhfmbg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
+
+u/Criand points out,
+
+"This could also be the result of UMR phase 5 coming into play as of September 1 which tossed in Initial Margin (IM) requirements for **OTC derivatives**. For entities with >=$8B AANA. Note that UMR is not the measly $250k margin bump that happened today. That's a different thing than UMR.
+
+[https://www.reddit.com/r/Superstonk/comments/pho33e/shfs\_are\_being\_forced\_to\_cover\_shorts\_for\_sears/hbjy9ky/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/pho33e/shfs_are_being_forced_to_cover_shorts_for_sears/hbjy9ky/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
+
+UMR Phase 5 makes it so that counterparties must post initial margin for OTC derivative trades which is based on theoretical default of the counterparty.
+
+So, as of September 1, more margin requirements. Potential rug pull on these OTC swaps for many funds."
+
+[https://www.finservconsulting.com/2019/12/umr/](https://www.finservconsulting.com/2019/12/umr/)
+
+I believe it's the combination of all this. These regulations recently in effect put serious pressure on them to cover the zombie stocks immediately. UMR Phase 5 reinforced it, bringing their margin under the threshold requirement, begetting margin calls. All these recent events made it unavoidable for them to ignore and wait it out any longer; and as such, they have been covering the zombie stocks.
+
+TL;DR: SHFs were shorting zombie stocks for years back. They never covered their shorts, nor did they ever intend to. Recently, due to recent regulations and margin problems, they've now been forced to cover their shorts on zombie stocks, which is why you are seeing hundreds of zombie stocks spike at the same time. This could be an early indicator of a domino effect that leaves small cap SHFs collapsing and ultimately forced to cover their GME shorts.
+
+TA;DR: Hedgies = fked
+
+Hope this helps!
+I'm a 27 year old mechanical engineer. The school I graduated from average starting salary is around $64k. I make $68k despite this being my 7th consecutive year with my half-billion dollar company. (3 years as a co-op, 4 years full time salary). 
+
+I really like the company, my relaxed work schedule, the environment, the people, everything really except the stagnant pay. We get 2% inflation raises every year usually but that doesn't add up to anything.
+
+I've told myself that if I don't get a more substantial raise by this time 2020, I'm going to search for something else.
+
+Here's my question: how aggressive should I get with my manager about this? We don't have performance reviews here, instead we just get together every year and talk about any raises they've decided to give. I've asked my manager 3 years in a row exactly what I need to do to earn more money in the company with no answer.
+
+Should I tell him that I've thought of leaving for better opportunities as a way of pressuring him? Should I mention even the thought of leaving? Could I be fired for that? 
+
+I know I'm a good, smart worker, and I know they want to keep me, but I just don't know how demanding to be with my manager. Should I get another offer first and then come to my manager with that offer in hand?
+
+Thanks for any advice. I do want to keep working here if I can because the job itself is awesome and exactly what I love to do, I just can't take stagnant wages for so many years when I know I can make more by jumping ship.
+
+Thanks!
+
+-
+
+EDIT: thanks for the advice everyone, this got way more traction than I expected. I'm very busy making money for my company today but I'll reads everyone's replies when I get a chance. Thank you so much! 
+
+-
+
+EDIT2: Wow this got SO much more traction than I thought it was going to. Thanks everyone for your advice and (mostly) kind words. I can't reply to all of you but I've read just about everything. Sounds like I need to get my resume up to date and put myself out there a bit. This thread alone is giving me good motivation to do so, so thank you guys so much!
+I'm quite new to forex, have been learning for a few weeks. I've been trading on the hourly chart, and I've noticed numerous mistakes I have been making. I never see the big picture of the market direction with an hourly chart, I see everything in the present and dont have the context of the previous market. But also I think it messes with my physcology. I get excited about a small 2.5% increase and then get worried about short retracements, looking into them to deeply and then selling my paper money. I then look at the 4hourly chart and see these scary looking retracements as nothing but healthy retracements. I also can see any trend lines and patterns the price is currently in.  Has anyone else experienced this?
+For those of you invested in ARK and deciding what to do, its important to know that ARK is in a really tough position.
+
+ARK funds have holding in which they own a large percent of the outstanding shares of a company.  This is exceptionally irresponsible from a risk prospective.  As their net outflows have turned negative, they have to sell.  When you sell as a significant shareholder you further depress the price leading to a vicious cycle.
+
+I hear some people say that ARK funds are down because TSLA is down ... Part true.  But what about ARKG why is it getting murdered ... It's in part because they are a significant shareholder in many of the biotech companies in their fund.
+
+Here's a link where you can do your own research, the numbers all appear to be biased downward but are directional right.
+
+https://cathiesark.com/ark-is-a-small-shareholder-of-these-companies-in-arkf
+
+Good luck!
+
+Edit: Guys and Gals, those of you saying things like ... I don't buy ARK for risk Mgmt or not worried long-term .... Are completely missing the point.  You buy ETFs to mitigate risk not increase it.  In extreme, ARK's practice will lead to a fund with more risk then many of it's underlying holdings.
+**SUBX is a deflationary token** created to **help people** who wants to **start their own journey in entrepreneurship.** People who have heard of **SUBX** and understood what it entails have gave really positive comments about this token. It is no wonder why their community feels so safe about holding this token for the long term without having to worry at night.
+
+With the market bleeding right now, and the best interests of their token holders in mind, the team behind **SUBX** thought it’s only fair that they **show their appreciation to their token holders this way**
+
+​
+
+To thank their diamond-handed believers 💪 💎 As of 31 May, they will be making the following changes:
+
+🎁 Reflection Rewards: 3% ➡️ 5% 
+
+💰VC Fund: 1% ➡️ 3%
+
+📈Automatic LP Acquisition remains at 4%
+
+​
+
+With these changes, SUBX can tide through these times and come out even stronger as they grow sustainably towards their first goal of a 10m market cap 📈 **A Little about SUBX and what they want to achieve in terms of utility.** SUBX will act as the governing token for this ecosystem where users who owns a certain amount of SUBX can access the below mentioned apps for free.
+
+**Marketplace App:** Buy heavily discounted software for your business. **Community App:** Earn SUBX by being active in their community and contributing to related discussions. **Learning App:** Access to their online learning and teaching platform. **Career App:** A job portal application where startups can find great talents and for talents to join impactful startups.The team did their **7th LIVE AMA** last weekend, interested parties can check out the recording on their YouTube Channel or join their telegram chat and ask for the link.
+
+Buy on Pancakeswap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5232152c8207653AEda5baa0ff7fb1046c23C753
+
+Contract Address: 0x5232152c8207653aeda5baa0ff7fb1046c23c753
+
+Telegram: https://t.me/subxofficial
+
+SUBX Website: [https://startupboost.app/](https://startupboost.app/)
+
+Twitter: [https://twitter.com/officialsubx](https://twitter.com/officialsubx)
+What do people think about this? Going to have a negative impact to the markets on Monday? 
+
+It certainly can't be good for green energy stocks as it was the only real opportunity for helping that industry.
+
+https://www.rollingstone.com/politics/politics-news/joe-manchin-build-back-better-joe-biden-1273873/
+I was curious about what generally happens to the UK stock market after we get a new Prime Minister. I looked back to 1979, and these are the return figures for the FTSE all-share over their first 12 months in office.
+
+Boris Johnson: -17.21%  
+Theresa May: 12.24%  
+David Cameron: 13.15%  
+Gordon Brown: -10.54%  
+Tony Blair: 31.77%  
+John Major: 13.90%  
+Maggie Thatcher: -13.89%
+
+Doesn't really give any clues as to what we can expect, but I thought some might find it interesting!
+Good morning San Diago,
+
+I am Rensole,
+
+​
+
+[notice me senpai](https://reddit.com/link/mndwcr/video/w44s56n044s61/player)
+
+\*insert flashy intro card\*
+
+​
+
+https://preview.redd.it/nipc55l244s61.png?width=680&format=png&auto=webp&s=552095b2c71a522e6ab8d2aacecfbd35e0abaa07
+
+None of this is financial advice,
+
+# Senpai is with us
+
+Ok let's start with something that completely made my day yesterday.
+
+For some time now we were noticing some big awards being given anonymously, the way that Gamestop literally spells shit out sometimes, or how their tweets/merch seem to match up with what we were saying (squeezable cat toy available 4/20).
+
+Yesterday we got some hard AF confirmation bias.
+
+I came across the meme from u/Buttfarm69 and replied with that to pixel on twitter, for just some fun.
+
+​
+
+https://preview.redd.it/8knu1kbt44s61.png?width=543&format=png&auto=webp&s=34c816ef151f46c2c20aca03277bfed950ef0d3c
+
+and guess who also tweeted that same image some hours later?
+
+​
+
+https://preview.redd.it/7uw96n7054s61.png?width=449&format=png&auto=webp&s=0dca73cec410d3c1388a99d2fc84e58beccf09ed
+
+So why do I care so much?
+
+Because this shows he's either;
+
+A) paying attention to what we are doing on the subs
+
+B) paying attention more directly to the people involved
+
+C) just happened to see it (seeing how involved he is with his customers this seems to be the less likely option to me).
+
+​
+
+So on the off chance RC is watching,
+
+Hi!
+
+Are you drinking enough ? getting enough rest? please do.
+
+know our community loves what you are doing with GME, and know we got your back. We are all excited to see the roadmap and all the other things you'll bring to the table with the shareholders meeting, and congrats on getting that dream team on the board!
+
+​
+
+[one of us, one of us](https://preview.redd.it/urzhb9sr54s61.jpg?width=612&format=pjpg&auto=webp&s=bb31d22a193cf9557eb72c731edb73685423a5bb)
+
+# Chairman? but... ceo?
+
+So there seems to be some confusion here on the subs as to why people are excited for RC to become the Chairman, but we thought we wanted him to become CEO?
+
+Oh my sweet little chimp let me do a small run down of company hierarchy for you.
+
+https://preview.redd.it/tleebhmu64s61.png?width=1469&format=png&auto=webp&s=efe61bc704e424d2da9c2139b3d25c100e301dfc
+
+What it basically comes down to is that the Chairman is top dog of the company, if the CEO wants to do any major changes to the company he needs the approval of the Chairman, but here is the fun part, did you know that often the CEO and Chairman of the board are the same person? this because it saves hassle and just makes it easier, this usually is something that depends on how the company want's to do it. but it does not excluding him from becoming a CEO as these functions are not mutually exclusive.
+
+so let's do a quick rundown of the 8k
+
+>GRAPEVINE, Texas, April 08, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it is nominating the following six individuals to stand for election to its Board of Directors (the “Board”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman and Yang Xu.
+
+Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube, George Sherman, and Yang Xu.
+
+​
+
+Ok these six people are up for being nominated to a director position nothing wrong with that right? only look a bit closer, GEORGE SHERMAN is on the list, the current CEO.
+
+So anyone feel the wrinkle forming ?
+
+If mr. Georgy boy is already in the CEO position why is he on the nominations list? this means that there are a few options with this.
+
+A) He wants to remain CEO and can only do so by vote
+
+B) he wants to be CEO but the rest does not, so they have to put it to a vote
+
+C) he is willfully stepping down from the CEO position, but he would like to stay on board.
+
+D) this is just a way for him to gracefully step down?
+
+​
+
+Tldr; our boy is Chairman of the board, but can also become the ceo.
+
+​
+
+But there is more good news in that respect, remember earlier in the week GME put out a statement saying they could issue about 3.5 million shares extra and people lost their shit, but if you read the filings from yesterday you'd know that the new board will be paid in shares.
+
+so how is this good?
+
+**BECAUSE THE BETTER THEY MAKE THE COMPANY THE MORE THEY GET PAID!**
+
+this means if they do a shit job they get shit pay, they make the company the next amazon these guys get more bang for their stock, this is as bullish as it gets.
+
+RC came out of the gate and said, nah pay me in shares instead of normal wages, this not only shows commitment but also is a direct incentive to perform and not just for him no the entire board!
+
+​
+
+https://preview.redd.it/9pnfh9xva4s61.png?width=640&format=png&auto=webp&s=b50e29903ef2bbc858e94b4d020fbe5a7c632f21
+
+[https://finance.yahoo.com/news/gamestop-announces-slate-director-candidates-110500597.html](https://finance.yahoo.com/news/gamestop-announces-slate-director-candidates-110500597.html)
+
+Also because people seem confused by this in the 8k let me try and explain.
+
+BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT(S) IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S 2021 ANNUAL MEETING OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENTS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY’S 2021 ANNUAL MEETING AND THE PARTIES RELATED THERETO.
+
+The entire "we can vote" thing will be pertinent to those statements, we are still waiting for those statements to be released, we don't know as of right now when they will be coming out, could be today or next week for all we know.
+
+​
+
+https://preview.redd.it/fecznxze84s61.jpg?width=640&format=pjpg&auto=webp&s=7f1e79414a3aaabe8c723c4d9819fd70d48279ab
+
+For the new apes, I've seen some things pop up like "this is good news why is the share price going down?"
+
+To you I say, Hi welcome to the shit show we call the US stock market!
+
+For some weird reason every time we get some good news GME get's hit hard down, this is because if people fomo back in, or the price get's to high the shorts will have to cover (this is called a margin call) and don't expect them to just give up, they will throw everything and the kitchen sink at this to try and prolong the inevitable.
+
+Don't expect all of this to be over in a day or a week, Dr. Burry had to wait for 2 years, but he was alone, we are now in the hundreds of thousands of people all invested in the same company, this has more scrutiny then anything we have seen so far. so be realistic in it's timeframe, it can take days or weeks or months we don't know, it could go any minute for all we know.
+
+​
+
+https://preview.redd.it/1o0yn6nac4s61.png?width=639&format=png&auto=webp&s=87f7014cb61298dc31d1892a63ecfd337d12bc4e
+
+# so onto the 4/20
+
+u/mark-five was kind enough to poke me yesterday and I did some checking.
+
+The date of record is the date they "count" your GME as set in stone for how many shares you can vote. Any shares purchased after that won't be counted and you can't vote them.
+
+**It's NOT A CUTOFF TO RETURN SHARES! There is no cutoff.**
+
+What happens instead of a set cutoff date is short interest rates start getting increased. It's like 1%. It will go over 100% and then over 200% as Citadel drags this on, climbing and climbing to force the returns of shares they literally can't cover - until they get margin called.
+
+The climbing interest rates are going to make daily short attacks much more expensive too. Things will be interesting for the next few weeks.
+
+​
+
+Also for some of the more smooth brained apes out there, DO.NOT.MAKE.AGREEMENTS.ON.WHEN.TO.RECALL!!
+
+if people make agreements to take any action together this is market manipulation, and trust me, the governing bodies may not go after Citadel right now but they will come down on individuals.
+
+it's illegal, so if anyone wants to make an "agreement" on when to do something, it's permaban.
+
+​
+
+Also check if your brokers don't lend out your shares if you don't want them to, don't post here DOES X BROKER, NO! call or contact your broker directly and ask them. everyones account can be different and handled differently. get confirmation from your broker, not a stranger on a sub.
+
+​
+
+Also people complained about Blackrock not voting last year, so check this
+
+[https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-engprinciples-global.pdf](https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-engprinciples-global.pdf)
+
+Pg. 11 talks about Blackrocks philosophy surrounding proxy voting.
+
+**In general, it says they will choose to vote if there is benefit to shareholders. If the shares are held in a fund, the fund manager has full discretion on whether to vote or not.**
+
+These are the people who've backed Cohen since his Chewy days, you think they'll want to get some good investment and make money or make some pennies by lending out the shares this year?
+
+I know what I would do if I where them.
+
+​
+
+https://preview.redd.it/kb09eb7oe4s61.jpg?width=601&format=pjpg&auto=webp&s=b2cd95e717cbe12018be4d06c0391fec2ddb45db
+
+# SEC
+
+So anyone else notice something funny with these guys?
+
+Yesterday they were supposed to have a closed doors meeting which got cancelled... hmm lets look into that a bit more.
+
+## SEC "Sunshine Act Meeting" Cancelled
+
+[https://www.sec.gov/news/upcoming-events](https://www.sec.gov/news/upcoming-events)
+
+​
+
+https://preview.redd.it/5cxgkoujc4s61.png?width=303&format=png&auto=webp&s=98941a402c44719af25d63c64c6162d5d1a9ef56
+
+And the SEC moved the meeting to April 15. [https://www.sec.gov/news/closedmeetings/2021/ssamtg041521.htm](https://www.sec.gov/news/closedmeetings/2021/ssamtg041521.htm)
+
+Ok so what else?
+
+​
+
+https://preview.redd.it/8sd85a5nc4s61.png?width=1080&format=png&auto=webp&s=a3bfc92a16fdd17c75135af41151656bdc6bd45c
+
+This can mean a few things
+
+A) she didn't do her job and got canned
+
+B) she just wanted to get out and do something else?
+
+C) they knew she was somehow involved and wanted her out
+
+D) she was just in the meeting but because they need that head in that meeting they needed to postpone (but they only postponed till the 15th so... dunno)
+
+​
+
+https://preview.redd.it/tnnbiy2de4s61.jpg?width=521&format=pjpg&auto=webp&s=0cc16bab4c228dacee3d9733a13b502437fd585f
+
+# 
+
+https://preview.redd.it/k4fdp31te4s61.png?width=554&format=png&auto=webp&s=a39a0092e9621786a568bf4f762bc99a52f636f0
+
+# EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+**Ape don't fight ape, apes help other apes**
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+​
+
+​
+
+https://preview.redd.it/middnzkxe4s61.png?width=400&format=png&auto=webp&s=369856367307e1d96c193ed41943072045998c44
+
+Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day I will be adding it here.
+
+backups:
+
+[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/)
+
+[https://twitter.com/rensole](https://twitter.com/rensole)
+
+[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1)
+
+[https://twitter.com/warden\_elite](https://twitter.com/warden_elite)
+
+[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99)
+
+And I'll be posting updates as they happen here:
+
+​
+
+One last thing before I go for the weekend, if I can give you some homework for the weekend to research let it be this, Exit strategies.
+
+This is something that's often overlooked in the grand scheme of things, we have been so focused on everything happening to the moon, but most people have overlooked what exit strategy they will use.
+
+Research this and make your own decisions on how you want to tackle you strategy.
+
+Make up your own mind, and make your own exit strategy.
+
+Enjoy your weekend guys!
+
+​
+
+one small Edit, Even though 4/20 is looking promising to be an important date, remember we DONT DO DATES! RC got announced to become chairman yesterday and the stonk went down, for that same reason don't hold on to dates, whatever will come shall come.
+
+[https://www.youtube.com/watch?v=Swt-WAD2AKU&ab\_channel=Gollum](https://www.youtube.com/watch?v=Swt-WAD2AKU&ab_channel=Gollum)
+
+The stonk is like Gandalf
+
+​
+
+​
+
+# Guess who's back?
+
+Wade is back!
+
+[https://twitter.com/TheWouston](https://twitter.com/TheWouston)
+
+​
+
+# on the 4/20 date.
+
+u/Addicted2Tendies wrote:
+
+IMPORTANT: The 4/20 recall information is incorrect. The record date is the date on which shareholders and their holdings are registered with the company. Shareholders who are not listed in the record on the record date cannot vote. Likewise, this applies to loaned out shares. If loaned-out shares are not returned to the original owner by the record date, they do not get voting rights on those shares. 1 share = 1 vote, so this means that however many shares you want to vote you must be in ownership of them on the record date of 4/20. Not saying that BlackRock, Vanguard, Morgan Stanley, etc., will choose to recall their shares, but if they want to, delivery of shares is T+2 which gives a 4/16 deadline to issue a share recall notice. This also means that any shares purchased on 4/19 will not increase voting power as they will not be in ownership until 2 days later. After a share recall is issued, any shares not returned T+2 will result in an FTD and could potentially result in a buy-in from my limited understanding.
+
+​
+
+I've now heard so many conflicting statements so I'll refrain from posting anything regarding the 4/20 from now on.
+A little background: I am a 18 yrs old and a student planning to go in Uni. I have a few thousands sitting in my bank which i amassed through summer jobs. Should i put a sum of money sit in a tfsa? Should i invest in etf’s and mutual funds? If so, i’m with td bank, which mutual funds/etfs should i invest in?
+
+Edit: Thank you everyone for the answers! They’re really helpful advice and I learned quite a bit and I hope people in my position learned also! 
+For more context, i was planning on not using the money invested in my tfsa whatsoever and let it grow for 10-15 yrs with the “buy and forget” mindset to eventually be able to afford a house per instance. So i think i’ll just go for VGRO like ETF’s in wealthsimple and compound the returns in my tfsa. I think investing 2000$ on diversified etf’s and then proceed with 100$/month on the same etf’s. I do understand i am young and a high risk high reward could be the move, but i don’t have a full-time job and salary that i could use to pay losses and debts.
+Lately, lots of financial institutions have started texting customers on WhatsApp and I don't like it. SMS if fine, but my bank and MF house is sending promotional texts on WhatsApp. This is crazy, who gave them the permission to send me promotional messages on WhatsApp?
+
+I wonder if going forward this would be the trend with any other company with my data, it could be any company from cab to food aggregators to ecom etc sending users stupid promotional messages on WhatsApp.
+
+Whats the solution for this and are you also facing this?
+I lost out on thousands because of their shit service. This is unacceptable, I've lost all my trust in their platform. This Monday I plan on marking a switch to a more stable investing platform. I suggest any of you who use RBC DI do the same. 
+
+Any suggestions on trading platforms?
+As landlord I recently signed a lease for 2 girls to live in a property. I knew 2 kids would be there as occupants but now they moved 2 adult men in there as well. 6 people total. I feel like I’ve been lied to and disrespected. There’s late night fighting, and now they’re overloading the electrical panel resulting in expensive repairs and there’s even a guy living in the laundry room meant for storage. So far I’m looking at not renewing their lease.....in 8 months... I’m in NJ and there’s no rent control so I think that means I could raise the rent an astronomical amount. I’m pretty sure they violated their lease and are disturbing the peace. Working things out could be an option if they immediately change their ways but I’m not counting on that. All of my other tenants are nice friends and members of a community. No ones ever taken advantage of overstepped until now. What would you do if you were a landlord in the same situation?
+Whilst the media gets excited about 309K 4Q sales from Tesla, it's market share of global EV shares continues to steadily fall to 13.7% (16.8% high in 2019) as other manufacturers add EV's far faster in the exploding mkts of Europe and China.
+
+Little BYD sold 265K EV's in 4Q, for example, dwarfing Tesla's likely 105K local Chinese sales.
+
+VW Group (which includes Audi, Bentley, Lamborghini, etc) will have sold 9 million cars in 2021, vs Tesla's 936K, yet trades for a paltry   $135 billion mkt cap vs Tesla's $1.15 trillion.  It also sells a fair chunk of EV's holding 11.8% of the global EV mkt share.  
+
+VW will likely surpass Tesla in EV sales in 2022. It sells ten times as many cars and trades for a tenth of the value of Tesla.
+
+Before the 'Tesla is not a tech company' comments it sells no tech business to business or to customers outside it's car and energy products.  It seems Tesla owners are far more  realistic on Tesla tech than investors with only 11% of buyers taking up FSD.
+
+(All figures verifiable via companies, insideevs.com, etc)
+I was reading a website and they recommended comparing different dividend ETFs to find stocks to research for a self-managed dividend portfolio.
+
+
+Please note, not recommending theses stocks, just stating they are the most cross listed stocks between the different ETFs.
+
+
+**ETFs: XEI, CDV, XDIV, CDZ, HAL, ZDV, VDY, PDC, DXM** (how many funds it is contained within is in brackets)
+
+
+
+- BNS - financial (9)
+
+- BCE - comm. (9)
+
+- RY - financial (8)
+
+- CM - financial (8)
+
+- TD - financial (8)
+
+- TRP - energy (8)
+
+- T - comm. (8)
+
+- PPL - energy (8)
+
+- BMO - financial (7)
+
+- GWO - financial (7)
+
+- ENB - energy (7)
+
+- POW - financial (7)
+
+- SLF - financial (7)
+
+- SJR-B - comm. (7)
+
+- EMA - utility (7)
+
+- MFC - financial (6)
+
+- NA - financial (6)
+
+- CU - utility (6)
+
+- KEY - energy (6)
+
+- AQN - utility (5)
+
+- CPX - utility (5)
+
+- IAG - financial (5)
+
+- NTR - materials (4)
+
+- ACO-X - utility (4)
+
+- GRT-UN - real estate (4)
+
+- FTS - utility (4)
+
+- CNQ - energy (4)
+
+- BIP-UN - utility (4)
+
+- IGM - financial (3)
+
+- CNR - industry (3)
+
+- CHP-UN - real estate (3)
+
+- IPL - energy (3)
+
+- GEI - energy (3)
+
+- AP-UN - real estate (3)
+
+- SU - energy (3)
+
+- ALA - utility (3)
+
+- BPY-UN - real estate (3)
+
+- CWB - financial (3)
+
+- IMO - energy (3)
+
+- FTT - industrial (3)
+
+- CTC-A - consumer discretionary (3)
+
+- 19 cross-listed between 2: CIX, IFC, MIC, LB (financials), CSH-UN, REI-UN, SMU-UN (real estate), H, BEP-UN, NPI (utilities), NWC, MG (consumer discretionary), WCP (energy), RCI-B, CGO (comm.), TCL-A, TFII (industrial), OTEX (technology)
+
+- 28% financial, 17% utility, 17% energy, 12% real estate, 8% communication, 7% industrials, 5% consumer discretionary, 3% materials, 2% technology
+Today is the day! After what has been a 5 month struggle of getting a tenant out of a unit , I am finally (legally) changing the locks today to mark the end of an era.
+
+I write this in hope that you don't make the same mistake I did, which was simply trying to avoid the eviction route to save myself from spending thousands on legal fees. Instead, I spent thousands on legal fees AND I lost rental income for 5 months. You don't have to be an experienced investor to do the math here: I fucked up.
+
+Quick background on me: I've acquired about a dozen doors in the last 3 years and felt like I was getting the hang of things. I typically use a more flexible approach when collecting rent in order to build a "positive" relationship with the tenants, and so far it had worked pretty well. No evictions until this gem came along...
+
+**TL;DR**: **I waited too long to evict someone, then COVID-19 prevented me from evicting them** 
+
+1. \[10 days past due\] Tenant gives me a sob story, I give them a grace period to get current
+2. \[25 days\] Tenant pays overdue rent partially, promises another payment by the first week of next month along with next month's rent
+3. \[40 days\] Tenant won't respond to email, phone has been disconnected. Won't answer the door. \*Attorney enters the chat\*
+4. \[41 days\] Tenant magically responds to attorney's notice to perform or quit and draws up a very specific plan to make up the overdue rent (now two months). Her lease was expiring this month anyways, so we agreed to put the payment plan in writing on a new lease and have it go into action next month.
+5. \[50 days\] I send her a request to fill out tenant application. I require this for all tenants that are resigning long term leases, and with it comes an application fee. She freaks out having to pay the application fee, and basically says "see you in court". (weird thing to freak out about ... but okay)
+6. \[51 days\] Attorney files paperwork for eviction proceedings with the city
+7. \[60 days\] Tenant is served, court date is set. Tenant continuously sends my attorney and I emails about how we're "racist", etc.
+8. \[70 days\] Court clerk "forgot" to file the paperwork by deadline, despite defendant being served in time. Court date gets pushed back two weeks. Ok whatever, at this point what's another two weeks? (LOL)
+9. **\[80 days\] While all this is going on, COVID-19 has become a global epidemic. My local municipality shuts the city down along with its court system. The mayor puts a moratorium on any eviction proceedings until further notice (FUUUUUCK). I get a notice from the court saying my court date has been pushed back** **TWO MONTHS. There is nothing I can do, besides wait for COVID-19 to blow over!**
+10. \[81-120 days\] I drink a lot
+11. \[121 days\] Court emails my attorney, saying that the court date has been pushed back another 30 days due to COVID-19
+12. \[122-139 days\] I drink some more
+13. \[140 days\] I get a notice from the utility company that the tenant's services have been transferred to another address. (Maybe a light at the end of the tunnel???)
+14. \[141 days\] I email tenant, requesting her to drop off keys as we can see she has moved out. NOPE! According to her, she's still living there, and "if anyone comes in without a warrant they will be shot!" (FUUUUUUCK AGAIN). Another tenant in the building tells us that they saw her moving stuff out a few days prior
+15. \[142 days\] Attorney and I decide to post an "abandonment notice" which gives the tenant 10 days to respond that she is still living on premises. Per my state's law, if a tenant fails to do so, and there is clear evidence that the tenant is no longer living there, then the property is surrendered back to the owner. She again responds with a nasty email about shooting anyone that comes in without a warrant
+16. \[150 days\] As I am preparing to enter the property in a few days to check for signs of abandonment with police accompanying me for safety, she sends me an email that she has moved out, left the keys in the unit. And says "thanks for the free housing" and we drop the case. /end
+
+And finally, for some good karma, the place was left in surprisingly good shape. I had to do routine cleaning and patch some drywall here and there, but no shit smeared on the walls. No sinks clogged and overflowing. It's going back on the market today.
+
+So in conclusion, don't hesitate on evicting somebody because of the cost. IMO you should budget for legal issues, just like you do for capex, vacancy, etc. It's not an "if", but a "when" type of thing.
+ Good Afternoon, 
+
+So today was an interesting day in the market as the FED was due to release their minutes as the market anticipated that, though the rate hikes are largely already priced in. Today on GME we saw fairly flat price action, but still finished above VWAP at end of day up 2% on 4.1 million volume. Today there were some curios Deep In The Money Calls traded for both April and June expirations. You can see them here below. 
+
+​
+
+https://preview.redd.it/xf1yzp7eyzr81.png?width=1274&format=png&auto=webp&s=461e4844e76216c2933d0a210d474c4c4ee22bbb
+
+ 
+
+Below are the largest options trades in terms of delta. The largest delta volume came from the 14-Apr-22 147 Put, with traders buying 37,955 deltas on the single option contract. 
+
+​
+
+https://preview.redd.it/sab2hgrmyzr81.png?width=1248&format=png&auto=webp&s=763493370785aaab9e8130331b22c1b5ffcc5a52
+
+After diving into ETF's for over a year here's a meme: 
+
+​
+
+https://preview.redd.it/ldxify5ryzr81.png?width=480&format=png&auto=webp&s=3a4eebe9c8eee4d29daf459842f4dc337cb77edd
+
+ 
+
+\*\*Warning\*\* Long Explanation Incoming:
+
+Next, I wanted to move onto probably my favorite topic and that's ETF's that hold Gamestop. First, I want to consider our favorite ETF which is XRT. I did some digging looking back at the historical Open Interest on the ticker for both puts and called. I took that data and graphed it out against Gamestop's price action. I started to see a fairly significant relationship between when PUTS sold off in XRT and when a corresponding price increase in GME would happen. I made sure to also include XRT's Failure to Deliver's (thought it was such a big number) I divided the failure to deliver by XRT's current shares outstanding to give me a percentage of FTD's to Shares Outstanding percentage, which was much more graphable. When looking back historically at XRT in Market Chameleon you can follow a Vertical Put Spread that steams all the way back to January 27th 2021 that has continually been used to "Kick The Can" down the road. Initially they started with 62k puts at the $70 strike and have since broke apart the position into 10-30k put positions. Once this put position is entered into Short Hedge Funds force the obligation onto the market maker/ Authorized Participants to deliver stock. Sometimes we even see FTD's in the Put run up. The Short Hedge fund is causing the market maker/AP to hedge their asset pool against borrowed shares.  In doing so they either locate the shares or create synthetic ones since they're largely Reg Sho exempt. They will get the shares deliver to SHFs, who will run it through the lending pool intraday and overnight dropping the borrow rates all around, All while loading up on more puts on XRT for the next cycle. puts on XRT to drive the price down mid cycle, They then have a huge sell off of said puts (Drop of 40%+ on the put side), GME runs the week after. We can observe this in the several charts below:
+
+First, their initial opening of the put position on XRT Jan 27th 2021: 
+
+​
+
+https://preview.redd.it/fevnt46izzr81.png?width=508&format=png&auto=webp&s=53c76d6bc1294b6b427aa4ef6d51a70b70668cad
+
+ I noticed this the other day when a significant large trade came into XRT by Institutional Traders:  
+
+​
+
+https://preview.redd.it/mkx4esemzzr81.png?width=1243&format=png&auto=webp&s=5c329fad48ba18f5207cd4184f1acf446f4d30d7
+
+ Now I want to show you this graphically since 2020 on XRT, I hope to also do this on IWM and VTI historically. Let mew know if you have historical open interest for ETFs. Remember this is looking at Calls/Puts Open Interest on XRT vs GME Percentage Price Increase vs XRT FTD's as a percentage of XRT shares outstanding. You can see the relationship here:  
+
+​
+
+https://preview.redd.it/4hjy645pzzr81.png?width=1848&format=png&auto=webp&s=042e34ddf785c6dba7ff5464cc188760c861a1e6
+
+ 
+
+Here is a cleaned up version just looking at Put Open Interest on XRT vs GME Price Percent Change: 
+
+​
+
+[ ](https://preview.redd.it/427z7klrzzr81.png?width=1710&format=png&auto=webp&s=01a4ae7fa020b8747a55c90bad77f19717e43fc2)
+
+ 
+
+You can see that when Puts sell off on XRT you either get: 1. A significant price increase in GME
+
+2. MM's internalize it and you get Failure to Delivers.
+
+One key difference here on their ability to internalize and choose failure to delivers that (eventually they cash settle) is there is a threshold of about a -40% drop in put open interest that historically they deliver on. You can see it most recently on the March 18th expiration: 
+
+​
+
+[ ](https://preview.redd.it/8hudpqevzzr81.png?width=1278&format=png&auto=webp&s=2b42d474b8b1ef0a027d621ada43a0956d446df0)
+
+ So, what does this all mean? Simply put I'm not here to predict Wen Moon, but it's been historically important to watch XRT's Put open interest as when the threshold is passed. Pay attention to the $70 strike put as it's been a key in the past. I will sound the alarm when I see this occurring. In the meantime I've spent countless hours trying to figure out Wen Moon and this is my portfolio guessing wrong dates:  
+
+​
+
+https://preview.redd.it/hifds4eyzzr81.png?width=668&format=png&auto=webp&s=16f44b6a4ea5b34b40ad632ec62e588ddfedf4e2
+
+ 
+
+So, knowing what we do now I think first I'd like to replicate this onto other ETFs and follow all of them and if there is a particular threshold that occurs on them as well. It's worth saying that XRT trades significantly more options than many ETFs. I think as a hive mind we have our PF flyers on: 
+
+​
+
+https://preview.redd.it/zbic5wx000s81.png?width=857&format=png&auto=webp&s=71c2acfefa560cc1ce79e60daae2c17f0c99126c
+
+ Now, into the larger market news as I said before FED minutes were released today and the market began to digest those as the rate hikes are largely priced into the market. There was also a key SEC meeting today on the SBSEF proposal and look to see the results of their consideration. Then, lastly I will touch on housing as it's beginning to be a important topic as many state markets have been running red hot (Here in SoCal I'm lucky to get a box for 700k).   
+
+​
+
+https://preview.redd.it/prl3q15300s81.png?width=656&format=png&auto=webp&s=81e1cf1afc356afbb53459ae79d4d5da3b276a9d
+
+​
+
+[ ](https://preview.redd.it/w98rx8sb00s81.png?width=511&format=png&auto=webp&s=63a890301e78f94883450755bafce3a3937bdddc)
+
+ 
+
+Lastly, In JPOW and Nancy we trust! I also included a previous interview with Kansas City Fed President Esther George. She said today a faster pace of rate increases may be warranted, with 50 basis points on the table for May. Federal Reserve Governor Lael Brainard noted the central bank will raise interest rates steadily and will begin reducing its balance sheet as soon as next month. Brainard, normally a dovish voice, also noted that balance-sheet reduction could proceed “at a rapid pace.” U.S. equity indexes lingered in the red at midday, as bond prices sagged on Brainard’s comments. The question now is how aggressively the Fed will move after having indulged the “transitory” fantasy too long.
+
+See full interview here: [https://www.youtube.com/watch?v=F-KOSy-xXr0](https://www.youtube.com/watch?v=F-KOSy-xXr0) 
+
+​
+
+​
+
+https://preview.redd.it/q67m0xre00s81.png?width=701&format=png&auto=webp&s=ac62673efc04ad445647f883212bc2bf1f4f2ecb
+
+The Show Goes On! 
+
+​
+
+https://preview.redd.it/i0cikw1h00s81.png?width=525&format=png&auto=webp&s=826895b67cc264e65530b88482b41ddc5cc93997
+
+ 
+
+Much of this post and the many that I do are community sourced and if you're interest check my profile. These posts do contain my original thoughts in addition to a portion from users.
+
+Cheers Everyone!
+
+\-Turd
+ We’ve all become a lot more wary of how our information has been collected and used over the better part of the last decade. But not all of us: some of us are still using passwords that begin with the word “PASSWORD”, despite being told numerous times to change it. We resist change. It causes us pain. Sometimes it physically hurts us to undergo change. But it never ceases to surprise us and cause us to complain when large organizations, conglomerates, or even entire industries don’t just change the way they do things. We even declare, “why can’t they just change?” It’s not so simple, is it?
+
+Take the health care system, for example. Across North America, more people are without access to a regular family doctor than ever before. Yet, our current health status does not reflect a population that does not need to see a doctor: more and more people are becoming chronically ill and requiring access to the very health care system they can neither afford, nor get access to. The irony is painful.
+
+https://i.redd.it/tt9slqs5c9321.jpg
+
+Security is Slow on the Uptake
+
+But there is another side to the health care industry that is continually changing for the better, albeit slowly. And that’s the current situation related to the security of patient information. The change is slow, however, with many medical facilities across North America still relying on paper charting and human intervention to record patient profiles and medical histories. Despite advancements in technology and new software programs being updated all the time, small-town doctors and even big-city specialists are continuing to avoid the change. Does one have to ask why? It can’t be laziness? They are doctors for crying out loud. What then?
+
+Has anyone stopped to think that maybe they feel secure with their paper charts? Perhaps because they can lock their records up in a filing cabinet, behind a locked door, behind a security system on the front door? That’s a lot of security, isn’t it? But what happens if the doctor’s office burns to the ground, or the charts are damaged in a flood? How can that information be restored or retrieved? Unfortunately, old systems are not that secure either, despite feeling safe to some professionals who still swear by their paper charting systems.
+
+Information Security Can’t Limit Access
+
+HIPAA (Health Insurance Portability and Accountability Act of 1996) requires medical professionals to safeguard personal and electronic information, but without the proper access to tools that can do that, information remains susceptible to those who may seek to obtain it. Stem Cell Innovations (SCI) is launching their main ICO sale in the coming weeks that will support the finalization of a blockchain-based platform where health care patients will have secure space to store and access their own medical files as they see fit. Because despite all of the security HIPAA and other initiatives, including other electronic platforms that already exist are providing,
+
+they are missing one key component: they don’t give the patients access to medical records they own.
+
+If this has ever seemed like a strange practice to you, you are not alone. SCI believes not only should patients have the right to manage the records of their own volition, but they should have real-world, real-time authority over those records to determine who, if anyone, gets to see the information held therein. As part of its overall goal of providing worldwide access to stem cell specialists, SCI will include such provisions and permissions to users of the custom platform so that decisions related to their health care remains with the person who is affected by it the most: the patient.
+
+While there may be controversy from areas of the medical community that would remind us that the safest place for a patient record is in the doctor’s office, we’d like to take the opportunity to point out that an informed patient is a healthy patient. Having access to medical records that belong to them is just the beginning. With that information, they can see treatments and consultations from specialists in our extensive network of medical professionals who share our belief that patients should control their own information.
+
+SCI Solves Both Speed and Security Issues in the Health Care Industry
+
+But providing a secure and verifiable space for storage of patient records is just the beginning. Combing incredible technology and innovations in the stem cell domain, SCI will be able to provide cutting-edge treatments and therapies to people who wouldn’t otherwise have access to them, because of location, economic status, or even worse, because their own family doctor isn’t aware of the treatment options. So while change is hard, hindsight has a way of teaching us that leaping was worth it. We are already seeing the benefits of disrupting the traditional method of record storage with the excitement on people’s faces when they realize they will have more control over their health and wellness soon.
+
+For more information about SCI and their upcoming ICO main sale, visit [www.scia.io.](http://www.scia.io./)
+Suppose everyone in this world is a rational consumer. There are two e-commerce company Amazon and Flipkart. Amazon starts to offer lower prices across the board. Everyone being a rational consumer, starts buying from Amazon exclusively. This drives Flipkart out of business leading to Amazon's monopoly. So, were the consumers rational? Can people ever be rational consumer?
+
+Edit: I think I should elaborate what my definition of rational was a bit more. By rational I ment a consumer that only looks at his budget and the price to performance ratio of a product. Other factors like brand value and asthetics do not matter if the performance of the product is satisfactory.
+
+People talk about interest rates cooling down the housing market and causing the prices to drop due to reducing demand, eventually making them more affordable to some extent since a downpayment will be easier to save for.
+
+The part that confuses me is: what’s stopping highly wealthy corporations and investors who pay all cash from taking advantage of the crash and buying these homes at a discounted price? The high interest rates don’t really affect them since they won’t need to pay a mortgage. So then they would be limiting the supply of homes available for sale and driving up the prices even more, which forces more people to rent and also increases the prices on that side due to high demand. Win-win for them, loss for everyone else.
+
+Is there more to it than what I think? What prevents this from happening and why didn’t it happen on a larger scale back when interest rates were high and house prices were low? (Especially in the 80’s)
+
+Technically they do still do it, but nowhere near the same massive scale I figured it would be, otherwise there would be virtually no supply at all and prices would still be rising even with the interest rates.
+Hello
+
+Myself and my partner are booking viewings for multiple houses to purchase around west London, which we've had no issue with until today.
+
+We sent an email with our interest for a property with an estate agents that we knew of, but hadn't had any viewings with before (renting previous or house purchasing). My partner has received a call from them today saying that we need to be "financially qualified" from them to be able to view any of their properties. Which means we have to go in and speak with their financial advisor for 45mins for them to understand our finances. We let them know we had a DIP but they require us to speak with their financial advisor regardless, otherwise we won't be able to see any properties from them.
+
+To me it just sounds a bit weird. They won't accept a DIP, we HAVE to use their financial advisor. Just makes me think they want to know our finances inside and out so they can make as much money as possible from us if we went with them. If it was renting I can understand, but just makes no sense to me.
+
+If anyone can shed some light on if this is weird, or if this is a standard behaviour that would be great. Thank you :)
+Linking this post from a few months back as it feels very relevant now -
+
+https://www.reddit.com/r/Superstonk/comments/nwz2g3/short_sellers_and_jim_cramer_have_blood_on_their/?utm_medium=android_app&utm_source=share
+
+If you don't know the story have a read - Dendreon had a promising prostate cancer drug called Provenge in development and their prospects of FDA approval were looking good. Unfortunately MSM got ahead of the game and Jim Cramer, former hedgefund manager of CNBC's "Mad Money" fame announced on TV that they hadn't received FDA approval and the project was dead in the water (womp womp sound effect, plane crashing noises. How entertaining. You might remember Jim Cramer for the video that was released where he openly admits that hedgefunds use the media to push a narrative that benefits their positions. That Jim Cramer, the one who openly admitted to market manipulation)
+
+Dendreon was heavily shorted. The negative sentiment from failure to secure FDA approval meant their share price plummeted and it was the beginning of the end of what could have been a medical breakthrough.
+
+The thing is.. Dendreon hadn't actually applied for FDA approval yet. Provenge was only at stage 3 clinical trial and wasn't ready, it was promising but that was all so far. Cramer outright lied on national TV and this drove a narrative that the company struggled to overcome and eventually Provenge was done for. The worst bit is their demise was attributed to "taking too long to secure FDA approval" - the timescale only came from the fact that MSM lied about the FDA rejection before they even applied but the clock had been started and then they were seen as "taking too long". It's disgusting what they did to Dendreon, they're just one of many medical research companies that have been fucked by the financial elites.
+
+So GameStop... What just happened?
+
+WSJ broke "news" about an NFT marketplace. No named sources, no announcements from GameStop, the information they had wasn't even new - we've known for months that something is coming we just don't know what form it will take yet.
+
+The price popped as a result (allegedly) of the WSJ article. You know it wasn't the reason, I know it wasn't. The general public doesn't though. All of a sudden people are talking about GME and NFT's right in the middle of memes about screenshotting NFT's, a lack of understanding and a lot of FUD about the crypto space.
+
+Then what follows? The FUD from MSM - "dead in the water", "desperate attempt" etc. How? How can they say it's either negative or positive when GameStop have announced literally nothing and noone knows what they're doing? For fuck's sake they even brought Al-Qaeda into it because nothing fires up a closeted bigoted boomer like the war on terrorism.
+
+So where do we stand now? 
+
+MSM has front-run an announcement on no official news with no verified sources
+
+MSM has quickly changed the narrative to a negative one that resonates with the current FUD and lack of understanding about NFT's (just screenshot it lol)
+
+People start to think about how an NFT marketplace is a desperate attempt by GME to stay relevant and it would open the door to terrorism (still makes me laugh)
+
+People fail to see GME as a value play as a result
+
+The clock has begun ticking to get GameStop to announce something
+
+There was never a rush, never any pressure. They'll release when it's ready I'm sure and we were all happy to wait, we're early but not wrong. Unfortunately now the narrative will be that GameStop not only has negative EPS but also their NFT marketplace isn't taking off and you should all sell immediately
+
+Provenge had never been submitted for FDA approval when Cokerat lied about it
+
+GameStop has not officially announced an NFT marketplace and MSM are lying about it
+
+The difference is Dendreon didn't have the support of millions of investors. The playbook is the same but the outcome is going to be different.
+
+Fuck MSM, fuck Cramer.
+
+Buy, hold, DRS. That's what I'm doing.
+
+EDIT - been out enjoying a brisk walk today, came back to see a couple of characters talking about the effectiveness of Provenge and that Dendreon were doomed to fail as a result. Please read the document in the post I linked to understand why what happened to Dendreon is an issue.
+
+Cramer lied about seeking FDA approval and later backtracked
+
+The share price declined even with good news later that day, the damage had already been done
+
+This was in 2005. After his retracton he declared Dendreon a battleground stock and it was heavily shorted, at one point dropping from $24 to $8 in 75 seconds. You thought Mar10 was brutal with a 50% crash? This eclipsed that.
+
+Yes there are cases of litigation against Dendreon from around 2010/2011, yes there are questions around the effectiveness of the treatment. That's not the point though, the point is Cramer made misleading statements that created negative sentiment and the stock was heavily shorted with him saying investors were idiots for holding it and everyone should SELL SELL SELL.
+
+All I'll say is please read the document in the linked thread to better understand why I made this post
+# October 17-23, 1921
+
+This week, the FT coaches investors on the stock market's seasonal gloom and France reveals German attempts to game war reparations.
+
+Quick Stats:
+
+* DJIA: 70.77 (Today: 35,295)
+* Shiller PE Ratio: 5.5 (Today: 38.1)
+* Federal Reserve Bank of NY Discount Rate: 5.0% (Today: 0.25%)
+* GBPUSD: $3.92 (Today: $1.37)
+* Price of The Wall Street Journal: $0.07 (Today: $4.00)
+
+Market-Moving Themes:
+
+* High taxes, soft business conditions, and elevated interest rates are negatively impacting investor sentiment (equity, debt markets)
+* Wartime raw material shortages are easing, paving way for price stability (commodity markets)
+* European post-war debt payments are causing a strong dollar as gold flows to the United States (currency markets)
+
+Executive Summary:
+
+* Markets are driven by both fundamentals and sentiment. As readers head into the heart of fall, the FT reminds readers about the impending gloom. The Dow has been mired in a range between 65 and 75 since the spring. Any perkiness in the summer was quickly sold off. Investors should brace themselves for some negative movements, but not get too defensive because the current bear market seems to have plateaued.
+* Bankers criss-crossed the nation a few weeks ago and are eager to share their findings. East Coast blues were met with West Coast bliss. One banker didn’t realize how nice the weather is in Los Angeles. He thinks that part of the issue with ongoing market weakness has more to do with psychology than anything else. He encourages readers to get some fresh air.
+* France calls out Berlin for monetary fraud. The French government illustrates the complete suicide of the German mark, which has gone from record low to record low this year. The monetary games need to stop, France warns. The appraisement of the mark is no longer governed by the valuation of Germany’s creditworthiness or her resources, but by the question of her honesty in the execution of the Treaty of Versailles.
+* Rumors of Royal Dutch Shell exiting Mexico send shockwaves through the press. Some sources claim that Royal Dutch has sold down its Mexican subsidiary, but brokerages across London have not seen any evidence of this. Shares of Mexican oil companies get slammed. Is Royal Dutch planting these claims to get something from the Mexican government? One former Standard Oil executive turned private investor thinks so. If not, he’d happily sink his entire life savings into Mexican oil fields.
+* The prominent German industrialist Hugo Stinnes suggests a fringe dictatorship might seize power because the poorly drawn up armistice extracts too great a toll on the Teutonic nation. He reckons that one of the infant right wing parties could take power some day. Whatever the case, trouble is brewing.
+
+[https://twitter.com/Roaring20sTate](https://twitter.com/Roaring20sTate)
+
+More @ [https://roaring20s.substack.com/p/october-17-1921](https://roaring20s.substack.com/p/october-17-1921)
+Hi again, Value Investors!  
+
+Noting that our subscriber count has exploded recently with a new interest in Value Investing around Reddit, and having just spent an hour clearing the moderation queue from the weekend, I have some notes for you all about how we're moderating the sub lately.
+
+1) Posts about a stock which come from an account that does nothing but shill that same stock over and over in multiple subs are being removed as spam.  Please continue to report these to bring them to the mods' attention. 
+
+2) Low quality posts like "What do you think about $XYZ?" or "What stocks are good this week"? are being removed and posters are being referred to the Weekly Megathread.  That's what it's there for.  I admit this is highly subjective, and I'm swayed by upvotes/downvotes.  This is something new we just started doing to improve post quality. 
+
+3) r/ValueInvesting is not r/WallStreetBets, and we're not going to allow it to start looking and sounding like WSB.  I've been allowing some level of meta-discussion about the current news, but I am removing comments and low-quality posts that sound like WSB cheerleading, in particular comments using WSB-style emojis when I see them.  
+
+4) We continue to remove YouTube posts that are spammed to multiple subreddits.  YouTube videos that are relevant and only posted here as a one-off thing are still allowed.  Again, it's subjective and I take upvotes and posting history of the account into consideration. 
+
+5) We don't ban or block Seeking Alpha articles, but Reddit seems to quarantine link posts to SA or text posts and comments that include links to SA.  They end up the mod queue, and I generally approve them.  But if nobody's replying to you, maybe that's why. 
+
+6) We have lots of patience and a high bar for banning accounts. Probably a higher bar than many of you would like.  On the other hand, I have zero tolerance for ban-evasion or reposting things the mods already removed once. 
+
+Again, welcome to all our new members, and thanks to all our long-time members for helping keep this sub a respectful forum for value investors of all experience levels!
+EuroApe here looking at Euro stuff. So it looks like JP Morgan have been using their weekends to borrow money, filing several charges as recently as Saturday ((Edit: Friday* not Saturday as has been pointed out to me, I am shit at dates as it turns out)! And from who you ask....
+
+BNY Mellon - the same crazy cats that I previously discovered had Citadel Europe by the balls and all of their assets as collateral.
+
+Here is a link to where their registered charges are listed: [JP Morgan Securities PlC - Registered Charges](https://find-and-update.company-information.service.gov.uk/company/02711006/charges)
+
+Here is a capture of their activity this year basically every month since Feb (didnt do all of them because there is a lot check the other link for all): http://imgur.com/gallery/jvYbM88
+
+As you can see very busy! However, when you go on the first link provided you may look back and say well hey JP have always been doing this. But... and it is a juicy But...
+
+The collateral for these borrowings have gone from bonds to senior preferred notes since late March. A senior note is a type of bond that takes precedence over other debts in the event that the company declares bankruptcy and is forced into liquidation. 
+
+Example from one of the charges: http://imgur.com/gallery/M7AH48y
+
+Now if you're still not convinced, I had a look through the 68 page charge documents and realised that pre Feb they were a couple of pages short. So I dived in to find out what had changed. Lo and behold the couple of amendments to the master agreement in regards to BRRD:
+
+http://imgur.com/gallery/pxuDy1p
+
+What is BRRD you ask? It's the Bank Recovery and Resolution Directive. And what are Bank Resolutions?
+
+A bank resolution occurs when authorities determine that a failing bank cannot go through normal insolvency proceedings without harming public interest and causing financial instability. Meanwhile, any part of the bank that cannot be made viable again goes through normal insolvency proceedings.
+
+The entire directive can be found here provided by the EBA (European Banking Authority):
+
+https://www.eba.europa.eu/regulation-and-policy/single-rulebook/interactive-single-rulebook/2602
+
+Just before I go, sorry everything is linking to imgur but I dont know how to include pictures within text body. 
+
+TLDR: JP Morgan borrowing money and look like they may explode.
+
+Edit: 📢 Just discovered JP Morgan Services LLP, which is significantly controlled by JP Morgan Securities PLC are in liquidation. Commencement of winding up on 26 March 2021....... Link: https://find-and-update.company-information.service.gov.uk/company/OC303065/insolvency Edit 0.1: this is a voluntary insolvency so they are solvent and could pay all their Liabilities, question is just why they decided to liquidate and why now since it was formed in 2002.
+
+Edit 2: apologies everyone I'm at work so haven't been able to follow and respond to all the comments. Also, getting some comments about taking this with a pinch of salt and being cautious and I have to say I agree! It looks sus to me and this post reflects my view on it but if any wrinkly apes want to dive in and debunk this or prove that none of these things mean anything then please do, we are all here to learn! As for the actual content the charges are fact, the collateral requirements are fact, the amendment to the agreements to include BRRD are fact, everything else is me trying to connect the dots!
+“FICC’s Sponsored Service has made it possible to bring a much larger percentage of the market into clearing, while still maintaining robust risk management standards.
+
+The Sponsored service offers the following benefits to Sponsoring Members, Sponsored Members and the U.S. financial market:
+
+1.	⁠Reduction of Counterparty Risk: Central clearing reduces counter-party risk through FICC’s guarantee of the completion of settlement in a Member default scenario.
+2.	⁠Balance Sheet and Capital Relief Opportunities: Central clearing of repo transactions at FICC could alleviate constraints on Members by enabling them to reduce capital usage via novation and balance sheet netting. The Sponsored Service provides Sponsoring Members with the ability to offset on their balance sheets their obligations to FICC on Sponsored Member Trades with their Sponsored Members against their obligations to FICC on other eligible FICC-cleared activity, including trades with other Netting Members.
+3.	⁠Market Liquidity: The service may allow eligible institutional firms to engage in greater activity than otherwise feasible outside of central clearing, thereby promoting greater market liquidity and helps to mitigate the risk of a large-scale exit by institutional firms from the U.S. financial market in a stress scenario. Furthermore, enabling more term (rather than overnight) repo activity in the service can serve to help reduce repo rate volatility in the market.”
+
+https://www.dtcc.com/clearing-services/ficc-gov/sponsored-membership
+
+TL;DR: shorts are fucked, DTCC is fucked, Shitadel is fucked. GME to the moon 🚀
+New York (CNN Business) Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but Tuesday's announcement that Venmo is adding crypto support just put crypto access in the palm of everyone's hand.
+
+Venmo, which is owned by PayPal (PYPL), said its more than 70 million customers can buy bitcoin [and other coins] for as little as $1.
+
+Cryptocurrency can often feel confusing and inaccessible to newbies, so Venmo will offer in-app guides and videos to help answer commonly asked questions and share information about the world of crypto.
+
+The payment company hopes that this new initiative "demystifies some of the common questions and misconceptions that consumers may have," Darrell Esch, senior vice president and general manager at Venmo, said in a statement.
+
+More than 30% of Venmo customers have already started purchasing cryptocurrency or equities, according to the payments company. And 20% of those customers started doing so during the pandemic.
+
+Last week, crypto enthusiasm soared as trading platform Coinbase went public at a valuation of $86 billion... Cryptocurrency backers have spent years insisting that bitcoin and other digital coins could revolutionize the world of finance. That hasn't happened yet, but Venmo's announcement is another example of how crypto is creeping ever closer toward mainstream acceptance.
+
+Venmo is joining a list of other companies that recently began recognizing or accepting cryptocurrencies. Tesla has started accepting bitcoin payments for its cars and now holds some of the digital currency on its balance sheet. Payment processors including Mastercard (MA), and Visa (V) are trying to streamline crypto payments on their networks. Goldman Sachs will reportedly soon offer its private wealth management clients avenues to invest in bitcoin and other digital currencies. And Morgan Stanley announced that it will offer its wealthy clients access to bitcoin funds.
+
+https://www.cnn.com/2021/04/20/investing/venmo-cryptocurrency/index.html
+**This is not financial nor investment advice. These are ideas and opinions for information purposes only.**
+
+*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top*
+
+**Historical supports and resistances:**
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 176.5, 182, 183.5, 184.5, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5
+
+[https://reddit-stream.com/comments/mkkj0p/](https://reddit-stream.com/comments/mkkj0p/)
+
+**Edit 17 4:02PM:**
+
+Ended around 186.13 for the day, small bounce in the last few minutes!
+
+Overall a great day, see you all tomorrow!
+
+https://preview.redd.it/9utatwgaver61.png?width=2145&format=png&auto=webp&s=07107ea1f9f4ad6e71a9a3f1f8660de506d818bd
+
+**Edit 16 3:46PM:**
+
+Low volume, should finish above 182 for the day. Added a new 182 support.
+
+https://preview.redd.it/m55bw4idser61.png?width=2146&format=png&auto=webp&s=182292f146fdc1499d5a723e19165fc881d8327b
+
+**Edit 15 3:04PM:**
+
+Back for power hour!
+
+[https://www.youtube.com/watch?v=5dyrEIkMzMY&ab\_channel=WardenElite](https://www.youtube.com/watch?v=5dyrEIkMzMY&ab_channel=WardenElite)
+
+**Edit 14 2:26PM:**
+
+Quick summary of how to detect a short squeeze 24 hours before the squeeze.
+
+Go to [https://www.tradingview.com/script/nO5Y6yTa-CV-VWAP-GME/](https://www.tradingview.com/script/nO5Y6yTa-CV-VWAP-GME/) and favorite the CV VWAP indicator.
+
+Then in TradingView, turn that indicator on under the favorites list. It's pretty simple to use.
+
+https://preview.redd.it/dcxwccsceer61.png?width=2197&format=png&auto=webp&s=6eba3d3edea03d5963ca0d7f7b014968c8a09270
+
+Basically if the silver line goes near or above the dotted red line above, its a positive signal for an incoming short squeeze. Don't pay attention to the indicator during AH or PM. Only during trading hours.
+
+There's a couple false signals and intricacies of how to read the signals properly. I explained it early on in my stream today.
+
+**Edit 13 1:37PM:**
+
+We were quite close to crossing 200 like my friend in the chat had predicted. We touched 195. Close enough!
+
+I'll be back at power hour, mostly just sideways trading on low volume right now.
+
+**Edit 12 1:09PM:**
+
+Nothing crazy happening, we're sagging towards VWAP, volume dying down.
+
+https://preview.redd.it/5531tuwe0er61.png?width=2128&format=png&auto=webp&s=a7cc10e57ae3bae1601502b154e67abaa3dd3561
+
+**Edit 11 12:14PM:**
+
+Local double top. Stock will consolidate a bit lower.
+
+https://preview.redd.it/ug0wdbqiqdr61.png?width=2132&format=png&auto=webp&s=ac5406bd3c251c4ad4505cab0b9c29ce1c275e4d
+
+**Edit 10 11:38AM:**
+
+Gap fill today.
+
+https://preview.redd.it/d78739y3kdr61.png?width=2131&format=png&auto=webp&s=8410c85f9819d570d653ef0e238a3df4655f215d
+
+**Edit 9 11:31AM:**
+
+WE GOIN UP!
+
+https://preview.redd.it/lpkd3agzidr61.png?width=2118&format=png&auto=webp&s=ed176aa74f0f373cbfbca18d84cf6799fdf162b4
+
+**Edit 8 11:27AM:**
+
+Rough rough prediction for the week. Letting that IV crush.
+
+https://preview.redd.it/qgvay8dbidr61.png?width=2108&format=png&auto=webp&s=7322628fa111d5a456ec2ae02bb5a722cf1be9c9
+
+**Edit 7 11:21AM:**
+
+Someone shorted 1m worth of Puts at the 200 strike. This is very bullish imo.
+
+https://preview.redd.it/91cbmrm3hdr61.png?width=2271&format=png&auto=webp&s=4d46c67175c6cab1a2d15cfa5b64ac5b13dde3e9
+
+**Edit 6 11:19AM:**
+
+Mostly bullish in terms of options activity. Lots of long calls getting put in.
+
+https://preview.redd.it/cxagj1drgdr61.png?width=2441&format=png&auto=webp&s=50c2bfe22a2d9a932078620bbfa18a9fb1b8c246
+
+**Edit 5 11:09AM:**
+
+Decently low volume. We're finding a good consolidation zone between 176.5 and 184 channel.
+
+https://preview.redd.it/ektlkcfyedr61.png?width=2279&format=png&auto=webp&s=a56fa213890669df2ff6a3d79924aaf99c1e7f9f
+
+**Edit 4 10:05AM:**
+
+I will be on in 10 minutes, did you all catch the dip?
+
+**Edit 3 9:34AM:**
+
+No one is selling haha. Look at that low volume!
+
+**Edit 2 9:31AM:**
+
+Reminder I have a meeting until 10:15 EDT. Use everything I showed you guys to find a dip! You guys got this!
+
+**Edit 1 9:28AM:**
+
+​
+
+https://preview.redd.it/q8e2v8e0xcr61.png?width=353&format=png&auto=webp&s=a6ff8560f436c158223e4e3a5e7978c3061f2e71
+
+# Begin reading here
+
+Hey everyone. **I'll see you all on my stream at 10:15 EDT, 45 minutes after market open.** I will try my best to explain things to you. Things are a bit chaotic right now, but I will try to make sense of it all.
+
+**DO NOT PANIC. DO NOT FEAR. THERE IS NOTHING WRONG WITH THE ATM OFFERING AND I WILL EXPLAIN WHY.**
+
+Nothing has changed. Buy and hold. TODAY IS A FIRESALE.
+
+https://preview.redd.it/cog67d3bvcr61.png?width=348&format=png&auto=webp&s=c67bce1f46d7cc0e79db0e27aa07e37d632caf71
+
+See you at the stream:
+
+[https://www.youtube.com/watch?v=1KKGYADgP4A&ab\_channel=WardenElite](https://www.youtube.com/watch?v=1KKGYADgP4A&ab_channel=WardenElite)
+
+Also get in my discord:
+
+[https://discord.gg/GmRYtEWS](https://discord.gg/GmRYtEWS)
+
+Twitter:
+
+[https://twitter.com/warden\_elite](https://twitter.com/warden_elite)
+
+My tip jar:
+
+[https://ko-fi.com/wardenelite](https://ko-fi.com/wardenelite)
+After combing through various "apps" and websites to track all of investments finally decided to create a google sheet (might as well give more data to google rather than another VC startup 🙃)
+
+Currently you can track
+
+\- Indian stocks
+
+\- Indian MF
+
+\- US stocks (purchased through services like Vested, HDFC Global Se et al)
+
+\- FD
+
+\- Savings Account
+
+thinking of adding PPF, NPS, EPF and other generic investment instruments too.
+
+[https://docs.google.com/spreadsheets/d/1WF26egc0gO5UtWehqglUiZCMsXa9WF0EN4U4jkCIhf8/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1WF26egc0gO5UtWehqglUiZCMsXa9WF0EN4U4jkCIhf8/edit?usp=sharing)
+
+Let me know if you have any ideas to make this more robust and better :)
+Been a landlord for just under 3 years now. Figured I would share some recent events to better inform anyone who may be thinking about buying real estate and being a landlord.
+
+I own 3 houses, one of which I live in and rent rooms out to friends.
+
+The other two are single family townhomes that are rented out and cash flow about $500/month. One townhomes is worth about 150k, and the other about 230k. I bought the 230k home first, and at the time didn't realize there were other investments that would have net me similar cash flows with less cash into the deal.
+
+Anyway, if you can do the math, these two rentals net me about $12,000/year. Definitely a nice boost, but not enough to FIRE on, so my plan is to continue buying more properties that cash flow. My rule of thumb is about $500/month free cash flow for every $35k into the deal. This is about a 14% Cash on Cash return.
+
+Anyway, most of the time things are peachy. I self-manage and pick tenants, and have not had any problems with delinquencies on rent. 
+
+However, about two weeks ago one of my tenants complained of no hot water. Anyone here who is a landlord knows the pang of anxiety you feel when you get one of those messages where something could be majorly wrong. It is important that you are the kind of person who can compartmentalize that anxiety and deal with it in a rational way. 
+
+In that instance, I ended up shelling out $1,900 to have it fixed. I do not have a reliable generalist who can take care of all of my stuff yet, so I'm stuck going to big name companies.
+
+Two days later, there was a completely unrelated leak in a bathtub that caused water to drip through the floor. My sister was visiting me and I work a full time job, so between not having the ability to take off of work and host my sister, I had to hire a plumber. $500 for something I could've fixed with a bit of putty and a screwdriver, and maybe $15 of PVC at home depot.
+
+No matter. We're back on track, sitting pretty, just collecting rent checks each month. Right? Wrong.
+
+Three days later, I get a text from my tenant at the other rental I own. No heat.
+The furnace is busted, and now I have to get multiple quotes on repair. I am working late nights at work because of a project I'm on. Fast forward 4 quotes, between $2400 and $4200 for a new furnace, many skipped lunches, "vacation" hours, and long nights later, I've fixed all the issues. But right there goes half a year of profits from deferred maintenance. It's baked into my model so I'm not deterred about profitability, but it still sucks to have to deal with when it happens.
+
+If you aren't comfortable dealing with unforeseen circumstances (and having them stack up when it's least convenient for you) consider just buying and holding an index fund.
+Superstonk, especially in light of new information, is a temporary gathering place for investors who share similar interests and want to discuss their thoughts, ideas, beliefs and research. People who talk to anyone, MSM, regulators, other investors, financial heads, or anyone else does so as an individual and does not speak for this gathering place. 
+
+Superstonk never has been, and never will be represented by anyone on anything. 
+
+This place is nothing but a stock equivalent of a book club. Our “book” just happens to be GME.
+
+If anyone takes issue with these statements then they are at odds with the culture and sentiment that has been accepted here. 
+
+There are rules, guidelines and moderators. These moderators attempt to maintain civility and keep the focus on our favorite stock. But they are not Superstonk. They are individuals just like everyone else here and do not speak for anyone. Anyone claiming to do so is being dishonest and just looking for notoriety. 
+
+End. Of. Discussion.
+
+Edit: I want to thank everyone for the awards. 
+
+I also want to add, the irony isn’t lost on me that I’m somewhat speaking for Superstonk with this post at the same time as saying no one speaks for Superstonk. This is my perception and my perception only of how I feel the general sentiment is among the majority of Apes who choose to come into this subreddit and contribute and partake of the knowledge, theories, memes, and purple circles. I speak for no one other than myself.
+Many traders say with solid confidence that one can make more money trading (position trading or swing trading) than investing because, holding your stocks or whatever you trader in a bearish market is wasting money, however Warren Buffet (the 2nd or 3rd richest man in the world) made his fortune investing long term, not trading.
+
+​
+
+What are your thoughts on this?
+I Know that right now the s&p is pretty shaky and they say is a bubble, etc. but lets asume that the s&p is behaving like it always (or almost always) does. Basically, the thing always go up. Like 99% of the time. Assume the conditions that we had since 2009 until 2018. Basically almost 10 years of going up. What if in any day withing that period you would buy a daily candle ( And i mean ANY daily candle ) and your risking crazy ammounts, lets say 10% of your account in each trade, and no matter if the price drops, you just leave the trade 2 weeks, 2 months, whatever until you are green. Thats it, thats the strategy. This means that you would have a very high succes rate (honestly close to 90% in that period) and you are winning 10% each trade, and yes, when you catch a big correction you will lose arround 30% before you get out, but like, if you take in consideration all the winners, those few loses of 30% arent much are they? if you had done exactly that in that period you would be a friking billionare today. WHY people dont do these things? I know that you should have a 3:1 or 2:1 or 1:1 risk to reward ratio, and here im proposing something like 1:3, risking 3 to make one, but since your succes rate is so high and you have a market that goes higher 90% of the time it still makes the strategy viable at least in my view. What are you thoughts on this? would this work on another trending market? is this just some stupid thought from an ignorant person? please, i want to know why this would not work in any case
+
+Edit: what if instead of just risking 3 to make 1, you would go to a 1:1, putting a stop bellow structure, losing 10% or winning 10% on each trade, would this make the strategy more viable?
+When I explain GME to ANYONE who’s not aware of what’s going on, I feel like they think I’m a fucking moron.
+
+They think of me as being in the same league as a flat-earther.
+
+My source for all of my information is Reddit, and they say I’m brainwashed.
+
+My girlfriend thinks I’m retarded for not selling at $400 in January, and trying to explain to her why I didn’t is just pointless.
+
+Edit: grammar
+Like the title states girlfriend purchased a ticked 4 months ago to travel to Ecuador. Travel was supposed to take place on 11/24/2021. Tonight less than 24 hours before the flight she gets a call from American Airlines asking her to pay extra $900 if she want to fly tomorrow. They cancelled her ticket because based on what the customer service rep said the ticket purchase price was to low, and now due to holiday the demand its high. 
+
+I've been flying for years domestic and international, and this is the first time i hear something like this. I'm so furious i have no words. Its it even legal? 
+
+Sounds like racketeering to me.
+
+Please help.
+
+
+Thank you for everyone's replies. So far the confusing just got bigger with no end in sight.
+
+What most of the customer service agents said was that the ticked purchase price was to low, and due to high demand the airline has the right to boost up the prices before the trip. 🤔🤔🤔🤔🤔🤔
+
+First AA claimed the ticket was never purchased. Bank account statement shows the charge by the airline.
+
+After that they claimed that they notified my girlfriend that the ticked got canceled. She never received email or phone call. 
+
+In the third call to customer service they claimed that  the ticked was booked to Guatemala instead of Equador. 
+
+And on the latest call they claim that the ticket was purchased thru a travel agency. The ticket was purchased straight from AA on their website. 
+
+Ticket was purchased few months ago. Was not last minute. 
+
+So 8 hours later still no resolution from the airline. We are trying to piece everything together.
+
+
+Latest update as of Wednesday night.
+American Airlines overbooked the flights, refused to honour original ticket purchased at a lower price.
+Was told not to show up at the airport because the seat its taken.
+
+The airline switched flights to Friday 11.26. 2021 for a additional $398.
+
+Ticket and seats are confirmed. Will see how things are going Friday.
+If there's one thing this pandemic has taught us, is that we cannot always rely on our salaries or business incomes forever. When an economic crisis hits, everyone feels the pain. That's where one's emergency fund comes in to play.
+
+While a lot of websites have basic information on the need and use of an emergency fund, I'm unable to find any resources that can lay out a basic composition that should be followed in order to build such a fund in reference to Indian markets.
+
+Generally, with an emergency fund the key requirement is liquidity. If your fund is able to beat inflation, that's an added bonus.
+
+My questions are 
+
+* 3 months, 6 months or 1 year, what kind of expenses should you cover?
+* Liquid funds are often recommended for an EF. Are liquid funds really safe? If not, what's the alternative?
+* What should be a general composition to be followed when building your EF? i.e., % of FDs/RDs, Mutual Funds, Gold/Silver and cash?
+* Also, how to maintain such an isolated fund and avoid mixing up with your active investments?
+Sorry for the throwaway - don’t want to down vote away my original account yet. 
+
+With 300k+ members we have definitely gone from the realm of fatfired vs want-to-fatfire. From what I see - this has definitely changed the tone of the sub.  
+
+Almost every opinion about hard work gets downvoted as survivor bias, all instances of wealth is luck etc - in line with the overall site. I don’t deny those points - like everything I believe there is a mix. I fondly remember the actual discussions with folks who fully subscribed to the  (American) dream - these have become fewer with time. I think this will only become so much more rarer - meaning the fatfired probably will have to move on somewhere else, defeating the original purpose. Is this the future?
+I'm a single mom. I work full time and do odd jobs for extra when I can. I don't receive child support (pending). I am barely making ends meet and with the cost of living constantly increasing have been living paycheck to paycheck for awhile. I pay basic expenses and have nothing left. I skip meals so my kid can eat. This morning I found out that my rent check bounced due to an issue (on the company's end) with my last paycheck. I am so tired and so scared and don't see a way out.
+
+ETA: I didn't expect this to blow up. I will answer as I can. Shortly after making this post, I received some awful (unrelated) news and I just don't have any more energy. I am completely overwhelmed by the compassion here. I just want to say thank you all. I have received so much good and useful advice. Peace and love.
+Look, what behavioral psychology tells us is that for a reinforcement to be effective it needs to occur at or around the time of the behavior being reinforced. Seeing endless CS posts doesn’t only keep it front and center in the minds of those who haven’t direct registered yet, it also gives them incentive to do it because they see all the karma and awards being given to those posts.
+
+I get it, the novelty has worn off. But this is where the grind starts and where intention needs to take precedence over feelings.
+
+Because keeping the pressure up now and actually increasing the amount of CS transfers is the way to end this thing faster.
+
+Since January the opposition has been in a constant maneuver of buying time, and with that time figuring out new devious ways to counteract retail’s progress.
+
+This is the chance to bury them. I for one am going to keep upvoting and awarding every purple circle post I see. I’m so goddamn proud of all you apes taking the power into your own hands words can’t describe it.
+I work for a major brokerage. One that apes are extremely familiar with. 
+
+And they have informed me that due to FINRA regulations I have to either transfer all my DRS shares to an account with them OR receive an exemption from the Ethics Office. If I don’t within 90 days I will be fired. Mind you I’m not a financial advisor, not FINRA licensed, and my department has nothing to do with stocks. 
+
+And the irony isn’t lost on me that a huge shady broker who probably violates FINRA regulations all the time would suddenly be worried about them or have the audacity to have an “EtHiCs office.”
+
+So, I’ve submitted an exemption request because there’s no way in hell I’m transferring my shares to them. 
+
+But now they’re asking more specifics about why I don’t want to transfer them. 
+
+Of course it’s because they’re shady and I don’t trust them. But I don’t think they’ll listen and give the same old bs that they don’t lend shares. 
+
+So, is there anyone here in finance that has successfully gotten their company to allow it? Or does anyone have any reasonable justifications I can give?
+
+I am planning on explaining that due to GameStop’s recent nft team creation and hires that there is a good chance they will release an nft dividend. But my company has announced that they don’t support nft dividends so I would like to keep my shares with computershare in order to receive a dividend that doesn’t have an equivalent cash value. 
+
+But if anyone else has some ideas I’d really appreciate it. 
+
+I would prefer to just quit, but there’s no jobs that pay as well in my area and I have a family to feed.
+
+Edit 1: For some reason some people think I’m making this up. Idk why, since I would have nothing to gain from it. But, I’m more than happy to provide mods with a copy of my employment agreement that explicitly states that I have to move my shares, if needed.
+
+Edit 2: My employer knows my positions because it’s required by finra regulations that you disclose your positions and move them to your employer or get an exception.
+
+Edit 3: I’m not suggesting that this is a conspiracy against GME specifically. This is standard practice in the financial industry in general.
+
+Edit 4: Here is the specific FINRA rule that requires employees of broker dealers to transfer shares or receive an exemption: rule 3210 https://www.finra.org/rules-guidance/rulebooks/finra-rules/3210
+
+Edit 5: For those who don’t understand why a broker might ask this: If a broker receives an order for 50,000 shares of Amazon the employee could go ahead and buy shares of the company before the order is placed. And then make a profit on the price rise caused by the large order. 
+
+I don’t work on the brokerage side, so I wouldn’t be able to do that.  But my employer still asks employees to move shares. 
+
+Update: I spoke to the ethics office and I was granted an exception! 
+
+Because my company can’t do nft dividends they allowed the exemption. And I don’t have to transfer my shares out of computershare. 
+
+Hopefully this is useful for other apes in the financial industry who might be able to use it to get an exemption from their companies. 
+
+Thank you to everyone who helped out!
+...and we are thankfully doing well enough that I was able to set up an "eWallet" for her, with a little extra money for her to buy something for her little sister. Seeing that money in there to buy books made me think about how only 6 months ago I would have had a hard time giving up even $5 to spend on anything that wasn't food/bills.
+
+And then I remembered talking to one of the dads from my daughter's class. He talked about how they were struggling to put food on the table. His wife just had a baby and was hospitalized due to complications, but she had to get back to work ASAP because she was the one bringing home a paycheck.
+
+And then I remembered my daughter innocently telling me about how her classmates brought lunchboxes with a single granola bar, or nothing at all. Thankfully she goes to an awesome school with an amazing teacher, so these kids *always* get to eat a full school meal when this happens.
+
+But thinking about 4/5 year olds having so little just... Hurts. And I know **everyone** is hurting right now in this economy. So I bought several $7 Scholastic gift cards and sent them to her teacher with instructions to give them to kids with little or no money to spend at the fair. Hopefully this buys them a small book and an eraser or something. Anything to make sure they're not left out.
+
+Edit: Holy cow! I did not realize this blew up. One of the first comments on this post started a really controversial/toxic thread about politics and gender roles, so I actually deleted my Reddit app. Imagine my surprise when I went to browse PovertyFinance on chrome and saw this post at the top!
+
+Firstly, thank you to everyone for the kind words. It fills me with hope for humanity to hear about so many other people doing something similar. I can see several messages from people wanting to give money, but the app is being silly and I can't actually view the full messages or respond. So here's what I will say to everyone: If you want to give, give to your own communities! It doesn't even have to be money. You can donate your time and help a food bank or animal shelter. You can dig in your pantry and find some things to give to the food bank. You can join your local Buy Nothing Group and see if there are any requests you can fulfill.
+
+For everyone who awarded this post, thank you! I don't really know what awards do, but I do appreciate the gesture. I wish I could see who gave them to me, but again the app is being silly and I can't. So thank you again!
+
+Lastly, I want to say that the main reason I made this post is  because of the sheer stress I've been feeling financially. Not just for myself, but for pretty much everyone I run into online and in real life. Everyone is struggling like crazy and it's honestly difficult to process. I am just one more bobbing head in a sea of drowning people, or at least that's what it feels like. Posting this story allowed me to address those inner thoughts while also writing about something positive and hopefully inspiring others to help where they can. We need to support each other as much as possible. 💪
+Hi I’ve been trading forex for the last 3 years. 
+
+Spent thousand of hours studying learning new strategies trying. 
+
+I love the forex market. I don’t know what it is about it but I kept going cause I love it. 
+
+They always say if you fall get up keep going. I think after 3 years and $30,000 later it’s time I cut my strings bow my head and surrender. 
+
+I’m upset because this is my passion. Sad I couldent turn that passion into a career.
+
+I wish you all the best with you trading, Benny boy out ❤️
+So I've come across this index fund: https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/u/ubs-global-enhanced-equity-income-c-gbp-income
+
+On reading it, it saying the historical dividend is 10.36%. Is that right? Would someone investing in this fund really be getting 10% dividends a year? What am I missing here?
+**EDIT:** I'm not in the US (I live in Europe). All I need is $450 each month to eat, pay rent, etc. The other half is put forth by my wife/girlfriend/lover. I don't need all the money you guys are forced to make each year on the promised land. Just a note to keep in mind.
+
+---------------------------------
+
+Here it is, I got lucky.  I took a few loans in different ways to daytrade stocks:
+
+- $30k
+- $15k
+- $8k from my girlfriend
+- $5k from credit cards
+- some savings from my regular job
+
+The reason I took so many loans is that I was constantly making little money and losing (the loans were not taken all at once). At one point, I decided to put together as much money as possible and went all in on GameStop after the first squeeze.
+
+When GameStop hit $340 the second time, I sold it all literally 5 minutes before it dipped, and made $65k.
+
+Since that moment, I've been trading with $50k+ and it's been really easy to make money, so I decided to quit my job. After quitting, I got my hand into $25k that they had to pay me as severance.
+
+Bottom line: I extinguished all my loans BUT $27k I owe the bank, and right now I'm trading with $65k. I figured that, considering taxes, I have to make $1500 monthly to break even (monthly expenses + loan rate). If I pay off the bank, that amount is reduced to $700 monthly expenses.
+
+However, if I pay off the bank, my trading power will be reduced to $35k, which is insufficient, in my experience, to make money just trading stocks. So what do I do? Keep trading until those $65k become, lets say, $100k, and then pay off the bank? Or just extinguish debt and go back to trade with under $50k?
+
+Thanks!
+
+**EDIT 2:** some people are doubting the authenticity of this post when I say I got a severance package after quitting. Severance package here is like 401k on the US. In some European countries, you don't get a choice and some money is taken from your salary each month and deposited as "severance package" by the company. When you switch jobs or quit, that money is given to you. If you held a job for 10 years, you get a really nice exit bonus.
+
+**EDIT 3:** I live in **Western Europe**, just not in a big city like London on Paris, but a smaller city. I pay $350 of rent every month for a 60m flat with garage next to the city center.
+Hey Apes, I want to write a proper write up about NFT, what an NFT is and why GameStop is headed the best, very best way. 
+
+I just want to say that I am very smooth, and not at all a financial or market advisor, however, I am known to be good at research and putting 1 and 1 together. The only downside to my method is that it can be quite chaotic so I hope that I can still get my points across. 
+
+Ok let us see, NFT market. 
+
+First,
+
+- What is an NFT (Non Fungible Token)
+
+NFT’s are a representation of ownership of something specific, however it is in a non-physical form, it is a Non-Fungible representation of ownership of something, hence, a Non-Fungible-Token (NFT). 
+
+The great thing about NFT’s is that they are supported by a crypto token, such as Ethereum. Changes to the network (A new NFT is saved, or ownership is transferred) have to be paid with Ether, people who process these changes are rewarded Ether. 
+
+This process can have automatic processes involved. For example, the original creator of an image can set up that their NFT will always reward 5% of all the Ether that is paid for their original creation back to their wallet. In this instance, let us assume that I create an NFT of Harambe, throwing a rocket to the Moon.
+
+I price my initial NFT at 1 Ether. Someone purchases it and decides to re-sell it for 100 Ether. The transaction goes through, however, I have set-up that my Wallet is always rewarded 5% of every re-sale, hence. I am now paid 5 Ether of that 100. Does it make sense?
+
+Ok, let us keep all of this in mind. 
+
+
+- Gamestop’s Business Model
+
+For eternity now, GameStops business model consists of re-selling used video games and consoles.
+This business model relies on physical games alone, and this is why GameStop has seen a decline in their revenue over the last years, as physical games have been pushed away by digital games. 
+
+- The Decline of Video Game Marketplaces
+
+Currently, video game companies prefer digital over physical, especially the big three (Nintendo, Microsoft, Sony), who own their very own marketplaces. As they have a heavy profit incentive. They have to give less away to some middle-man and can keep more profits for themselves. 
+
+- Why Going Digital has been bad for Consumers
+
+Different from physical games, a digital game in its current form relies completely on the company who you have purchased the digital asset from, to keep track of your ownership. If Steam goes bankrupt today, your account, games, and progress is gone forever. The truth is that YOU DO NOT own the games you have purchased and this is true for all the Music, all the Apps and Books.. Literally everything Digital you own. 
+
+So yes, it doesn't just affect video games, all digital assets are completely dependent upon the company to assign the ownership to you and keep it like that. 
+
+Generally companies like it like that, because they do not have to pay commission to some middle man. BUT, they also have to maintain massive servers to make sure everything works ok. And this can be quite expensive, and at the same time prevents competition from entering the market, which is why giant tech companies like Apple, Amazon, Google, Facebook etc. can maintain their power and others have trouble entering. 
+
+Why Physical has been bad for Corporations and Merchants
+
+When someone purchases a product and re-sells it second hand. The original creator has no benefit from that transaction. And this is exactly why companies would rather keep up the insane costs of digital marketplaces etc. than to allow people to freely trade the goods without the original creator's involvement. 
+
+
+- The one Solution to fix all cons, and provide all the Benefits… GAMESTOP.!
+
+Today, the digital economy represents 15% of the world's GDP. Yes, that is about $11.5 Trillion dollars. It is one of the biggest markets to have ever existed, despite all the cons. 
+
+What if I told you that there was a way for people to own their assets, freely trade them, have them stored and managed independently without the company having to maintain servers and massive costs and also to be rewarded when Second-Hand purchases happen?
+
+Let us enter, what I believe will become nft.gamestop.com
+
+The Ethereum network is entirely maintained by people being involved in it and functions without a central authority. That means that calculations and processes can be entirely off loaded to the blockchain. 
+
+The creator of an asset, does not have to maintain what, or who owns an asset. Does not have to pay insanely high server costs. 
+The creator can set up smart contracts and be rewarded whenever a re-sale of the original asset (nft) happens, and can therefore benefit from every transaction within the blockchain. 
+The customers can actually own their digital assets, and do whatever they want with it. 
+Smaller players can actively compete, and create limited/special editions of products to sell for limited quantities, etc. 
+The Market would also get a commission from every transaction. 
+
+Yes, this simple solution solves all the problems related to digital/physical assets from all perspectives and provides a SUPERIOR solution for both creators and consumers of products. 
+
+- GameStop might become the most valuable company in the world. 
+
+If GameStop manages to just capture about 10% of the Digital Asset market, and further gets about 5% commission from all transactions, we are looking at a revenue stream of 100’s of billions of dollars on par with companies like Amazon, Apple, Google and other giants. In comparison, Apple’s fiscal revenue for 2021 was about 94.5 Billion Dollars. 
+
+Sure, competitors will come along, however, I believe that if GameStop plays this right, creators will rush to their marketplace to get their products on it and deliver. But to get everything right they need, MONEY, which has been provided through the most recent stock offering. 
+
+So, I know, I went a different direction from all the METAVERSE crazy, I just think that this is the most probable solution to what gamestop is actually planning and that it makes a lot of sense :)
+
+What do you apes think?
+*GME hits $1000 in a day*
+
+"OH SHIT MOASS TIME??? Fuck yeah!!!! I am so ready to be rich"
+
+
+*GME hits $10,000*
+
+"Hoooooollyy fuck, with my shares that is my years worth salary!!!! I could take that right now and be on vacation!!... No, no, I can't do that I need to hold for my fellow apes....To the Moon baby!!!"
+
+
+*GME hits $100,000*
+
+"😨😍😍😍😍🤤🤤🤤🤤🤤‼️‼️‼️🍆💦‼️‼️💎🙌🏼🚀🚀🚀🚀🌕😨😍😍😍😍🤤🤤🤤🤤🤤‼️‼️‼️🍆💦‼️‼️💎🙌🏼🚀🚀🚀🚀🌕"
+
+
+*GME drops to $70,000*
+
+"Oh fuck, oh fuck, it's going down ... wait, the apes told me this would happen! Hold strong!"
+
+
+*GME drops again to $50,000*
+
+"Uhhh this is getting low, when moon??? Is this thing really going to 10mil?"
+
+
+*GME goes up to $150,000*
+
+"YESSS LETS GO BABY MOON SOOOON"
+
+
+*GME drops to $125,000*
+
+"Uhh..."
+
+
+*GME jumps up to $200,000*
+
+"MOOOOOMMMM GET THE CAMERA AAAAAAAAAAHHHHHHHHH"
+
+
+*GME drops to $110,000*
+
+"..."
+
+
+*GME jumps to $190,000*
+
+*panicking now* "Shit shit shit is this really happening, I don't know, fuck what do I do, is it going to go down again, I don't know, Shit reddit is down, what do I do!!!"
+
+
+*GME drops to $150,000*
+
+"😰😰😰😰😰😰😰😰"
+
+
+*GME jumps to $250,000*
+
+Now you are sweating and you haven't ate right in days. Your stomach hurts and your dizzy from the stress.
+
+"... Fuck... fuck, what do I do... It's going to drop again, it has to. Will this really moon??? Do I really believe in the MOASS? Shit, I don't know... Maybe I should sell some shares now so when it drops I can buy more... No, I can't, my fellow apes need me!"
+
+
+*GME drops to $175,000*
+
+"Fuck this I'm selling, I'm not losing this chance for years salary there is no way it can go up to 10mil"
+
+
+*GME skyrockets to $500,000*
+
+"Fuck"
+
+
+*$1,000,000*
+
+"FUCK"
+
+
+*$10,000,000*
+
+"FFFFFFFFFFFFFFFFUUUUUUUUUUUUCCCCCCCCKKKKKKKKKKKKKK!!!!!!!!!!!!!"
+
+
+
+No tendies for you.
+
+
+
+**TL'DR** : Trust the DD. But also remember that you are a retarded Earth ape that is largely moved by emotions rather then logic. You will feel ALL SORTS of feelings when the rocket is taking off. Do not be fooled by dips. Do not be fooled by your own mind. Do not be fooled by the absolute avalanche of FUD that will hit us right as the MOASS begins. Always remember no matter what, when it gets as high as any of these numbers... we win.
+ (I don’t know if I should say the name of the company, although at this point they completely deserve it) but last year I bought a single box from this company to be mailed to me. You have to request a box to be charged, it’s not an automatic subscription. 
+HOWEVER, I woke up one recent morning to my bank alerting me that I’d overdrawn from my account. I look at the statement and the company has charged me for 3 of their boxes. I got an email from the company saying it was a “server error” and that they’d fix it all same day. 
+
+So I wait a day. 
+They refund me for ONE BOX. 
+I wait two days. 
+On the morning of the second day I wake up to my bank alerting me again, because the company has charged me again for that box they refunded, as well as a fourth one for good measure. I now have large bank fees for my insufficient funds and I’m kind of freaking out. 
+
+They owe me $428 for the boxes and the bank fees are $68 and climbing. I’ve called and called and emailed and emailed. What should I do? I feel robbed!
+
+EDIT: 
+Thank you so much everyone for your help! I went to my bank and disputed the charges and got my money back as well as a new card coming in the mail. The company (Quarterly Co.) still hasn’t replied to my emails but I’m fine with that at this point. I don’t want anything to do with them anymore. 
+Thanks again :) 
+edit 2: Guys if you want to help get the word out and potentially save other Canadians from signing up with this nightmare of a broker **please tweet this thread at Questrade or Business Insider or marketwatch or bloomberg or anyone else that can write about it.** I don't have an active twitter account so can't really do it myself but would appreciate it immensely.
+
+
+I think it's important for Canadians to know that they could potentially get contacted by the police if they say something to their broker out of frustration or anger. 
+
+People should know what kind of company they are dealing with. 
+
+You can also email the News Tips email on sites with links to these threads if you want. 
+
+
+Thanks guys. 
+
+_______________________________________________________________
+
+[Original post](https://www.reddit.com/r/wallstreetbets/comments/frz0fp/my_broker_questrade_wants_me_to_sign_an_nda/)
+
+[Post #2 - Questrade Legal Contacted me](https://www.reddit.com/r/wallstreetbets/comments/fsnubq/contacted_by_questrade_legal_team_for_permission/)
+
+This is post 3. 
+
+So in the original email where they mention legal action they accused me of threats, extortion and defamation.
+
+>"We ask that you remove these posts immediately and you cease to use social media to post defamatory and misleading statements about Questrade in an attempt to extort funds from the company. If you do not remove these posts, you are put on notice that this will become a legal matter. Our legal department are already investigating two prior posts you made where you stated that you were ready to "burn down the building" as well as making the following statement: “ if I can’t get my money back I’ll be sure they lose an equal amount in whatever way I can.''"
+
+Obviously the quotes in the email don't provide full context but the cops understood that and read it back to me. 
+
+Paraphrasing here but this is the comment regarding burning down the building: 
+
+>What is going on with Questrade support? This is such a joke. It pretty much feels like all they're saying is "too bad so sad" and "fuck you". Honestly getting tired with this.. I feel like I'm going crazy... getting ready to burn down the building. What a joke
+
+So obviously I was saying it as a figure of speech and not serious in anyway regarding it but regardless Questrade took it to the police. 
+
+The other comment about "if I can't get my money back I'll be sure they lose an equal amount in whatever way I can" was meant as in them losing potential/current client's commissions. Obviously I didn't mean any harm which I clarified in my reply to the original email. 
+
+Basically the police cautioned me and said they don't think I was serious. 
+
+The call I got was around 1:30am EST and I asked if they usually call this late and the officer said that they were just getting to it cause they had more pressing matters (assuming COVID19). 
+
+Just a waste of police resources in general if you ask me. Especially during this time. Like the guy from the TradeDesk said to me in an email...
+
+>"To keep things in perspective, the world is reeling from a tragic situation.  Thousands of people have lost their lives.  Our staff have been working around the clock to help our clients get through this unprecedented crisis.  In response to our genuine attempts to find an amicable solution, you have threatened and insulted our staff.  I urge you to think about your actions."
+
+I would urge Questrade to think about their actions. 
+
+The officer also asked me if I was the one writing posts about "Questrade killing someone's wife"(?) and I think something about Hitler but I was able to clarify that it wasn't me writing those posts and it was other people who were likely upset. 
+
+Just find it pretty ridiculous that police had to waste their time going through screenshots sent by Questrade of their sub... 
+
+Not sure why they would waste the police's time with this but it ultimately resulted in nothing. It was, in my opinion, obvious that those comments were both said out of frustration and I removed them (along with all comments) at the request of a Questrade employee as well anyway. 
+
+
+I think what people should take away from this though is how poorly Questrade is treating its clients. If I were to phone them and be upset I don't want to be scared of potentially having a criminal charge brought forward on me because they took something I said out of frustration seriously and involved the police. Honestly think their handling of this matter has been incredibly unprofessional throughout. Upsetting to think this was a company I used to admire and recommend to countless people. 
+
+Even just a few days before all this happened I was recommending them to friends - https://imgur.com/a/DHVOHhE
+
+It's amazing to me how poorly they've handled all this and how in less than 3 weeks my opinion of them has done a complete 180. 
+
+What a joke.
+
+
+Edit: I'm sure you guys worked this out for yourselves but just want to point out how it's weirdly convenient that they saw the "threats" last week but the police only contacted me after I refused to take down my posts about them...
+
+edit 3: Proof I was contacted by police since some of you think I am lying about that - https://imgur.com/a/rVU3KfR
+Not sure if anyone has shared this yet. Lots of people speculating on what companies are most likely to get these contracts. 
+
+What are your thoughts? 
+
+(Edit) Side note: Pelosi also bought ITM Tesla calls apparently 
+
+https://techau.com.au/biden-announces-all-federal-fleet-vehicles-will-be-fully-electric-american-made/
+[https://twitter.com/kadhim/status/1593222595390107649](https://twitter.com/kadhim/status/1593222595390107649)
+
+Here is the Twitter Thread.
+
+Direct link to the declaration [https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf)
+
+I'll just copy paste what's in it since there's very little to add.
+
+​
+
+* SBF to be investigated in the course of the bankruptcy
+* Sam Bankman-Fried's hedge fund lent billions to... Sam Bankman-Fried (Paper Bird is his entity), so that's at least part of the answer of where the money went
+* ~~FTX says the "fair value" of all the crypto (non stablecoins) that FTX international holds is a mere $659! (personal note: they do have 1$ bill in stable)~~ This was a mistake, my bad. Seems like the chart is in thousands of dollars, so they have 659,000$.
+* "The FTX Group did not maintain centralized control of its cash. Cash management procedural failures included the absence of an accurate list of bank accounts and account signatories"
+* This is mad stuff  "I do not believe it appropriate for stakeholders or the Court to rely on the audited financial statements as a reliable indication"  "The Debtors have been unable to prepare a complete list of who worked for the FTX Group as of the Petition Date"
+* "In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors"
+
+\*edit\* [Here's Hsaka on the values that were loaned out from Alameda to themselves](https://twitter.com/HsakaTrades/status/1593242382941638657)
+
+* SBF: $1b 
+* Nishad Singh: $540m
+* Ryan Salame: $55m
+
+My take - IT could be FTX just used Alameda as a cover story, quite possible these guys were not doing any trading and just stealing customer funds. Having Alameda was a good cover story for them to use the money.
+
+Also SBF is a sociopath.
+So I’m 41 years old. The dividends that I am earning on my investments currently amount to 17.3% of my regular job income. My goal is for dividends to completely replace the income that I earn at my regular job. 
+
+Sometimes I get discouraged because I don’t see my dividend income growing as fast as I would like...  but, I think the key is to just keep the focus on the short term goals. For me, that would be.... getting my dividend income to represent 20% of my regular job income, which would require me to earn an additional $2,500 a year in dividends. At a 4% dividend yield, that would mean I would need to invest another $65,000. 
+
+$65,000 seems like a daunting amount to save up. But, if I am able to save and invest that amount, I would not only reach my short term goal of dividends representing 20% of my job income, but it would mean that year after year after year after year, I’ll hopefully be earning $2,500 per year on that same $65,000. It’s so powerful because it’s a continuous stream of money pouring in year after year. 
+
+After I post this, I think I will be setting myself a new budget and cutting out more expenses. I’ve already cut out many things such as cable TV (I work long hours so the money I spent on cable TV was largely wasted) and cutting down on eating out too often at restaurants. There are more things that can be cut out though. I feel that I’d rather sacrifice now in order to retire early and live off dividends! 😁
+# Intro
+
+I’ve been reading back through /u/Zinko83 and /u/MauerAstronaut’s original variance swap DD’s, and every time I go down that rabbit hole, the picture of what is going on with the share price of GME gets a million times clearer. In my original post about options [here](https://www.reddit.com/r/Superstonk/comments/rzaj2l/short_on_options_the_afterhours_iv_pump_and_the/), I purposefully tried to leave variance swaps out of it; I think the concept is confusing, and even though these guys did an awesome job laying everything out, some of the details flew over a lot of our heads (including my own). But the more I learn, the more I realize that these swaps are ***so fucking important.*** Even /u/Criand tried to get us to understand these things, but there were 2 problems:
+
+1. Variance swaps sound complicated and a lot of us are confused about their role
+2. Shorts ***REALLY*** don’t want options catching on again
+
+We all know that shorts have been manipulating the price of GME; they’ve been doing it since the beginning of time. But starting a few weeks ago, it’s become more obvious that shorts are actively controlling the price with tons of “near the money,” high delta puts. /u/gherkinit has talked about it several times in his daily posts. But in case you don’t like pickles, here is the 5-day change in OI:
+
+​
+
+[Raw data from MarketChameleon - Strikes binned every $20 and expirations binned by month to give a condensed visual](https://preview.redd.it/ptdvdd8z5wd81.png?width=2776&format=png&auto=webp&s=288086a96226ee0469336912bbc59aea22eae9f8)
+
+We’ve been talking about unusual options activity since forever ago; DOOMPs, for example, aren’t some new concept. But as you can see from that picture we’ve recently been seeing “put walls” being set up like crazy. The good news is, these are mostly short-dated puts – a ton of these puppies expired last Friday but the ones they are still actively piling into are weeklies. You can see in the picture that most expire by February, but when I dig into the detail it's obvious that most of them are before 2/18 in particular. In my opinion, these puts are being used to slowly push the price down further and further rather than more shorting because ETF FTD’s are catching up to MMs, but more importantly because ***whoever is buying them knows that the price will run back up by the next 90-day cycle.***
+
+That’s why they are buying so many that expire on 2/18 or earlier. They need a way to push the price down without digging their hole deeper than it already is, and puts are a simple choice for accomplishing this. /u/MauerAstronaut even posted last month about shorts pushing down the price to free up more strikes for their future hedging, and he seems to have been dead on, at least anecdotally. That post is here in case you missed it: [https://www.reddit.com/r/Superstonk/comments/rg5z3z/the\_dip\_caused\_an\_update\_in\_gmes\_option\_series/](https://www.reddit.com/r/Superstonk/comments/rg5z3z/the_dip_caused_an_update_in_gmes_option_series/)
+
+The more I wrap my brain around this stuff, I want to do all I can to get everyone here on the same page. ***SFH’s have been using puts to control the price specifically because of the mechanics of these variance swaps. Personally, I believe that they are going to HAVE to let it run back up soon (no later than the next 90-day cycle which starts \~February 22nd). MOASS would be ignited if retail builds a gamma ramp that extends past this timeframe. The further out the better.***
+
+Since I know a lot of Apes struggle to grasp the idea of these variance swaps, I want to articulate the theory as simply as possible. And here’s the good news: ***I’m kind of stupid, which puts me in the unique position to explain what’s going on.*** Personally, I believe the original DD-writers like /u/Zinko83 and /u/MauerAstronaut are right; these things are a huge key to understanding price action on GME. So here’s my quick attempt to get us all up to speed.
+
+​
+
+[Crayons out: take notes, dummies.](https://preview.redd.it/3654zil67wd81.jpg?width=297&format=pjpg&auto=webp&s=ffd6f2dc1e740217310e866d44f3955e2cbd8db4)
+
+# Variance Swaps For Dummies
+
+A variance swap is, at the end of the day, a bet on volatility. Volatility squared, to be precise. The thing to understand is that the swap buyer is betting that the underlying will swing hard; they are long on volatility. The seller is betting that it won’t swing hard; they are short on volatility . I think most of you reading this probably get that part, in all honesty.
+
+Based on what we’ve witnessed in options chains, what was happening even before the sneeze, was that Market Makers were BUYING variance swaps (going long volatility), and SHF were SELLING variance swaps (going short volatility). But there are 2 things about this trade. First, Market Makers generally don’t like to make bets, so they aren’t looking to be long volatility. They prefer to pocket the difference between spreads, not make big bets on specific stock movements. But more importantly, ***the Market Maker was well aware of the SHF playbook,*** which would ultimately push volatility to zero. So they **CAN’T** be long volatility, or they will lose massive amounts of money. Therefore, they **always** hedge their long volatility exposure by selling (going short on) a replicating portfolio. This isn’t really a theory anymore. It’s a mathematical fact that can be proven out in GME’s options chains, and I’ve even seen some mods here acknowledge this. Since there is zero transparency around swaps, it’s possible (but unlikely, IMO) that the counterparties here are backwards or inaccurate, but the point is that somebody is hedging volatility, one way or the other. In case you need further proof, check out the open interest on GME options for these 2 expiration dates, as of last week:
+
+​
+
+[Data from MarketChameleon again - I inversed Put OI for an easy comparison against Call OI across strikes. Puts are orange, Calls are blue.](https://preview.redd.it/n5xki09n9wd81.png?width=2374&format=png&auto=webp&s=d2b9b388194c37e09f417278c4bb97d1e348d6bd)
+
+To dumb down the idea of the replicating portfolio, think of it this way. Volatility (and Variance) can theoretically go to infinity; there’s no hard limit. So, if you are short variance, think about what happens under different scenarios. Specifically, if volatility bursts really high, you are going to be losing huge sums of money come maturity. So how do you hedge that? You need a bet that makes a massive amount of money to balance things out. Deep OTM options accomplish this – If the price of GME shoots to $1,000, your deep OTM call options are going to be massively profitable and are going to offset a lot of the losses of your short on volatility. And conversely, if the price of GME tanks to $0 very quickly, you need as many DOOMPS as possible to offset your losses there.
+
+With MM’s, since they are technically long on volatility, they hedge by ***SELLING*** the replicating portfolio.  Probably to their Brazilian buddies if I had to guess, but who knows who owns these things. But here’s the issue. Strike prices are limited, and like I mentioned before, volatility isn’t. And remember; they aren’t just trading volatility – they are trading volatility ***squared***. That number is going to climb to insane levels as volatility rises and at a certain point, their hedge isn’t enough to offset their losses. This is the crux of their problem; even with their hedging, ***MMs are a teensy, weensy bit short gamma***. Gamma is the rate of change of delta based on one point of change on the underlying stock price, and that teensy weensy bit turns into an ***absolute fuck-ton*** if volatility gets high enough, In fact, at a certain point, it actually starts to approach ***infinity***. And this is why shorts absolutely, unequivocally ***CANNOT*** deal with a gamma squeeze. DRS is slowly chipping away at the NSCC’s lendable shares, and is also reducing liquidity in general, so I’m very confident that clearing houses are concerned about that issue in the long-term. But in the near-term, ***a gamma ramp is the one thing that they fear most.***
+
+​
+
+# MM Delta-Hedging; Dispelling the FUD
+
+There is a ton of FUD and confusion that’s been spread around about MMs delta-hedging, and we need to clear this up bigtime.
+
+​
+
+[I'm so sick of hearing this line lol](https://preview.redd.it/6klbcr3zawd81.jpg?width=541&format=pjpg&auto=webp&s=7d2a07109be863603c22b734e49bfb7eb0722473)
+
+It is ***absolutely correct*** that Market Makers don’t ***always*** have to delta-hedge appropriately. In fact, I believe this is exactly what was happening leading up to the sneeze and part of the reason they needed to turn off the buy button. The entire options chain was going in the money, so volatility was going to be even more outrageous since MM’s were insufficiently hedged. As I talked about in my last post, there gets to be a point where statistically a bunch of ITM call options are going to be exercised and brokers will be forced to deliver shares, and I believe that’s where we stood back then, which was causing everyone to shit themselves.
+
+But with this theory on variance swaps, the belief is that MM’s are selling these slews of options that make up the replicating portfolios. And these **HAVE** to be delta-hedged before the maturity of the variance swap. If they aren’t, the hedge to their variance swaps isn’t maintained appropriately, and they become long on variance. They **HAVE** to maintain this hedge. Like I said before, if SHF win this war, volatility goes to zero. Market Makers ***CAN’T AFFORD*** to be long on volatility squared in this situation. If their entire scheme works out as intended and GME goes to zero, they’d be committing suicide being long on variance. They can’t have their cake and eat it too. ***Either they stay neutral on variance, or they abandon the suppression of GME.***
+
+I actually think this was a big part of their playbook to squeeze out as much profit as possible. They don’t have to delta-hedge immediately – only by the time the variance swap matures. And they knew that SHF’s would be knocking down the price slowly but surely over time, so why would you hedge now at the higher price rather than waiting until the last minute, when you know it will be cheaper? It’s why the 90-day cycles can actually be seen before the sneeze even started – SHF’s would sell the MM’s a variance swap, MM’s would sell a replicating portfolio out into the market, and then they’d wait until the last minute to delta-hedge, when the price of the underlying was as low as possible. Everyone wins as long as the SHF’s plan is successful.
+
+​
+
+[Now take a deep breath, fellow smooth-brain](https://preview.redd.it/jrajv2vycwd81.jpg?width=284&format=pjpg&auto=webp&s=7fcd1de44dba1a1325ef86a4a863e16abdf39a0d)
+
+# Back to the Options FUD
+
+If you read that and understood at least some of it, congratulations – you now realize that ***SHF’s are probably/definitely short volatility, and MM’s are technically short Gamma***. Their last-minute delta-hedging explains the 90-day cycles, it explains the reason they need the price as low as possible right now, it explains why they are using a reverse gamma ramp to accomplish this, and it even explains why things were so dire for Citadel back during the sneeze. If you understand the basic mechanics of these variance swaps, you understand why GME runs every time the list of available option strikes shrinks. It’s been a gradual a-ha moment for me, and it also explains why ***EVERY FUCKING TIME someone brings up options, it gets pushback and is in some cases mass downvoted/suppressed by bots.*** It explains the DD-writers’ frustration that ***SO MANY FOLKS SEEM TO FIGHT THEM WITH FUD***, and it explains why the CFTC “temporarily” stopped requiring swaps reporting. It explains the suppression of GME on the OG degenerate sub. It even explains why, potentially the Chicago SEC twitter account is now tossing out the idea of halting trading. The one thing that a halt can accomplish is killing a short-dated gamma ramp. ***It explains almost everything you see.***
+
+Slowly but surely, ***I AM DETERMINED TO KILL THIS GODDAMN ANTI-OPTIONS FUD***. DRS is the way, again and again and again and again. BUT. ***THE FACT IS, A GAMMA RAMP STARTS THE MOASS***. And yes, they might halt trading, but think about this; the further out the date of call options retail buys, the longer they must “halt trading” to stop the ramp. There is no way they can just halt it indefinitely. That’s why buying only far-dated expirations with as high delta as you can afford makes the most sense, in my opinion (obligatory NFA).
+
+**TLDR: FIGHT THE ANTI-OPTIONS FUD. DRS AND LONG-DATED CALL OPTIONS ARE NOT MUTUALLY EXCLUSIVE. SHORTS NEED RETAIL TO STAY OFF OF CALL OPTIONS AND HAVE SO FAR BEEN VERY SUCCESFUL IN THIS ENDEAVOR.**
+
+GME is my favorite stonk of all time. And that is why, like DFV, I’d like to be able to buy more of them later, even when the price goes vertical. As a sub, anytime someone mentions long-dated call options, we should be actively cheering along. Anyone who says otherwise is full of shit.
+Just curious what you may do or not do that leads people to believe you make less than you do. Or maybe spend more than you make. 
+
+My husband is a firefighter,   Years ago I was talking to my sister in law about something and somehow my husbands job came up. She thought my husband was like a volunteer firefighter and I was supporting our lifestyle.  She’s from a small town and had no idea firefighters were full time jobs.
+# 0. Preface
+
+This is your daily hit of hopium. In this case maybe a full rip of it since I see many people discouraged about 002 - but there is no need to worry. I want to show you that apes are winning and shorts are losing. You hold, you win. (But please note I am not a financial advisor. I don't want you guys bitching at me if you YOLO it on deep OTM options expiring within 24 hours).
+
+It is my belief that we do not need ANY of the new rules for the MOASS to occur. These rules were created for the purpose of preventing **future stocks** from **ever** being in the same position that GameStop is in. Think of it as they're introducing rules to ensure that a January runup in another stock never occurs again post GameStop MOASS:
+
+* The DTCC will no longer have a 'pool' of collateral. Now the members will be hurting more and its easier to hit a margin call. High volatility up = 1 hour margin call from 801.
+* No more delaying FTDs. The DTCC will catch any attempt at this and shut it down. Volatility from FTDs can't be suppressed = 1 hour margin call is easier to push through.
+* Positions will have much more visibility to the DTCC and risk always calculated. No more hiding from the margin calls during high volatility.
+
+Again, all the bullets above are to prevent **future stocks** from squeezing. They never want this to happen again. Remember Tesla? It slow squeezed upward without any of these rules on a 15% SI. It's going to happen to GameStop eventually.
+
+All I'm saying is don't get discouraged! Things can ignite literally any moment - and **they will ignite, with or without the DTCC rules**.
+
+# 1. The Price Floor Is Moving Towards The Danger Zone.
+
+On **January 25th, 2021**, Melvin received a total cash injection of **$2.75 Billion.** The price spiked to **$159.18**. So they were cutting it pretty close at that point - or at least, it was preemptive because Shitadel and Point72 knew things would spike a little bit more and this was to avoid the inevitable call from Marge. On another note, they absolutely **hate** the price of **$350**, which is where we saw the January and March peaks.
+
+So it's probably safe to assume that somewhere in the range of **$160** and **$350** is when our good friend Marge will give them a call. We can apply $160 here because that's around when Melvin got bailed out by his buddies, and them bleeding money over time could eventually make $160 the margin call price point. They can't continue this forever. And it shows. They are slowly but surely running out of time. How fast they are bleeding money? Eh, I don't know. I saw some linear predictions of the margin call price and that prediction could very well be true or very close to being accurate, but I'll leave it as a range for now instead of a "THIS IS THE PRICE TARGET WE'RE WAITING FOR!"
+
+It's literally just a war of attrition while the apes have infinite supply of time as we approach and enter what I like to call the **DANGER ZONE**. Kenny G and his friends are on that highway right now and have been ever since January.
+
+[Source: Ryan Cohen in Top Gun \(1986\)](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)
+
+You'll start to notice something wonderful when you look at the charts starting from January and **ignore the trend downward** but rather **look at the trend upward**. Your doubts should erase from your mind when you notice it.
+
+GME did a **very quick** decay from the January spike, and then a **very slow** decay from the March spike. Felt like it was going down in price, and the shorties were winning, huh? **So I'm just wondering - how would you have felt if this was the chart we saw instead? What if the price decayed really quick in March again and then settled around $120?**
+
+https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675
+
+Hm. I'd feel completely different. Give me that sweet sweet hopium hit. It would have no longer felt like it was going down in price but continuing to rise in price. The slow bleed from around **$220** to **$160** sucked - though trusting in the DD certainly helped. Now, imagine that SAME squeeze pattern on top of the arrows I drew. Let the price decay quickly in your mind. See what's going on here?
+
+I only needed to bust out one crayon 🖍️ from my mega 96-crayon pack for this chart. **The price floor (blue line) is continuing to rise. Not only this, we're just now entering the DANGER ZONE!! (purple box)**. While it appears we are on a downtrend from looking at the decay in price from $220 to $160, GME is in fact going  to higher and higher floors on these smaller and smaller bursts up. (FTD loop theory is right boys and girls, but I don't think it's been ironed out yet).
+
+[GME Price Floor Rising Into The Danger Zone](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)
+
+Well well well. The price floor continues to rise in this dampening effect of price peaks and troughs. It's not going down! It's already going into the **GODDAMN DANGER ZONE!** They are growing weak at trying to suppress the price. Their efforts can't contain it forever.
+
+Now keep in mind, this is not to say that it is over once we're in the purple box. It is to say that the longer we stay in the purple box, the closer and closer we get to the margin call price. I can hold out for it - can't you? It's almost time for you to  pick out your favorite lambo model.
+
+Anything can kick this over the edge and finally trigger the MOASS without 002 and 801. **We're already stable at the price that GME spiked when Melvin received their cash injection.** It's really just a matter of time at this point, because their attempts to kick the price back down are dampening.
+
+https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb
+
+The longer this drags out, the higher the price floor becomes, until it kicks off.
+
+* GameStop could find over 100% of their float voted and initiate a price spike, possibly through a recall.
+* The entire market could tip just one way out-of-favor of the shorts, causing their margin price to drop.
+* A long whale gamma squeeze can spike us into margin call territory long enough for the natural margin call (non-801) to occur.
+* GameStop can slowly bleed upward until the critical danger zone price is hit with no other catalysts.
+* **Or perhaps, another FTD loop spike pushes GME over the edge. Let's investigate this to try to iron out the missing pieces of the FTD loop theory.**
+
+# 2. Hello FTD Loop - Or Should I Say SI Report Loop
+
+This isn't T+21 or T+35 or anything. But I think it might finally paint the picture of why we have theories ranging from T+13 to T+21 to T+35, and everything in between. We definitely have  a loopthat is occurring. And  it's most likely due to something called [Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) from FINRA.
+
+Short interest?! That's two words we're all very familiar with. What exactly is this?
+
+>FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
+
+There's three columns on that link. What are they:
+
+* **Settlement Date**: The date at which short interest positions must be determined.
+* **Due Date**: The date at which the report of the SI from the settlement date is due by.
+* **Exchange Receipt Date**: The date when FINRA finalizes the reports and delivers them.
+
+Ah nice. So if you were a shortie in January and your SI% is well over 100% of the float, and **the world thinks you haven't covered because of the high SI%**, then you might want to drop that SI% number down! If you maintain a low SI% for a long time, then the world will believe the squeeze is done for and you can claim that you've covered your positions. In order to drop your SI% that will be reported on the Receipt Date, you'd want to **hide** your short position before EOD of the Settlement Date.
+
+# You risk causing a mini squeeze right here. AKA the "Fake Squeeze" of  January. But you MUST try it to shake off the holders. Dump it all. Pretend you covered. Hope that the apes sell.
+
+Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
+
+|Settlement Date|Due Date|Exchange Receipt Date|
+|:-|:-|:-|
+|January 15|January 20|January 27|
+|January 29|February 2|February 9|
+|February 12|February 17|February 24|
+|February 26|March 2|March 9|
+|March 15|March 17|March 24|
+|March 31|April 5|April 12|
+|April 15|April 19|April 26|
+|April 30|May 4|May 11|
+|May 14|May 18|May 25|
+|May 28|June 2|June 9|
+|June 15|June 17|June 24|
+
+You could look at the Receipt Dates and say, "Hey! We spiked/dipped there! January 27, February 24, March 9, March 24! So the next spike would be May 11!", but not necessarily. It's interesting how some spikes occurred on a few of the receipt dates. I mean, the price certainly could spike again on May 11, but that's probably going to be a coincidence once more. I'm more interested in the **Settlement Date** column.
+
+Like I said earlier, **it appears that they'll want to stuff away their shorts on days up to and including the settlement date**. When this happens, we get volatility in the price due to the ITM CALL + OTM PUT tricks they've been using. The price spikes up, then crashes down. Or vice-versa. And this is **consistently happening**. Here's a few thoughts that I'm unsure of, but would like to propose:
+
+* It's possible that a bunch of their shorts pour out after being hidden at critical dates, which result in massive ITM CALL and OTM PUT purchases prior to settlement dates, which consequently spikes/crashes the price in much larger movements. This could be why we're seeing smaller movements (February 12, April 15, April 30) because fewer shorts are popping out and we're waiting for a big pour out again.
+* They like to waste money on flash-crashing the price, probably through exercising a bunch of PUT ammo, while simultaneously suppressing the SI% and moving FTDs out once more with ITM CALL and OTM PUTs (February 26, March 15, March 31). This bleeds them money when spikes occur, and thus makes the Danger Zone ever closer with a slowly incrementing price floor.
+* The overlap of a bunch of their shorts pouring out and FTDs having to be reset occurs on these large movements (January 29, March 15, Some future date?)
+* This is why we see discrepancies between T+21 and  T+35 and dates in-between. It's not a cycle on those exact dates but rather any days before the settlement date.
+
+To help visually, I plotted each settlement date on the lovely GameStop chart starting in January. You can see that prior to **every single receipt date**, **some kind of volatility occurs**. Even for February 12,  I would argue that the spike/drop from February 5 to February 6 was one of these volatile movements, though ever slight of a movement like we're seeing now.
+
+https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769
+
+So, what does this mean? Well, it's not a date but more of a "**watch for shit to go down close to or on these Settlement Dates (May 14, May 28, June 15, etc.)**". The next few Settlement Dates **could continue to be dampening with smaller and smaller volatile movements**. But they **could also be a repeat of the January, February, or March spikes** due to the possibility that a ton of shorts and FTDs will need to be brushed under the rug once more.
+
+* If GME spikes again due to this, they could attempt to flash crash the price once more.
+* If GME spikes again due to this, and they are unable to flash crash the price, they'll be sitting higher in the **DANGAH ZONE**.
+* **Regardless, we can assume the price floor will continue to rise.** Perhaps since we are at a critical point here of $160 and it has been dampening to an ever smaller volatile swings around $160 - that we will see a huge burst again just like January, February, and March in order to maintain that ever-increasing price floor.
+
+It sounds like I'm covering my ass because I said it could spike significantly or not at all lol. **But I think there's enough data points here to assume that volatility will always occur prior to the next SI Report Settlement Date.** Whether or not it is a big jump depends entirely on the amount of shorts and FTDs they need to hide. When do those pour out? Is it a specific date? That's what I'd like to find out.
+
+Personally I still believe April 16, 2021 caused something **big** that is coming. You don't just have all these banks + Shitadel working overtime day and night as of that date and not prior to it. **If a big amount of shorts popped out of April 16 and they did not hide a lot of them prior to April 30 settlement, then the receipt date of those positions is May 11.**
+
+* Note: Receipt date of May 11 does not imply a price spike will occur. **This implies that the next SI% report could cause a SI% spike if April 16 shorts popped out and were unable to be hidden by April 30.**
+* If the next SI% report date shows a spike in SI%, then its very possible that a portion of their hidden short position will be calculated into their risk, and the margin call price will go further down in the danger zone, making the tendies that much closer.
+
+# 3. Conclusion
+
+We're reaching a critical point here, and its obvious that the shorters are going to lose. Apes will win. Don't get discouraged. Anyone telling you you're crazy might be right - that you're crazy just in a general sense - but you're not crazy for believing in GME.
+
+https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0
+
+Blast off from here with some hopium / TLDR:
+
+* Melvin received a $2.75B injection on the day GameStop spiked to $160. They have flash crashed the price from going above $350 every time. It's probably safe to assume they are entering the **Kenny Loggin's DANGER ZONE** as of this week which ranges from $160 to $350. **This zone is where the margin call price theoretically lives**.
+   * GME is already stabilizing around this $160 price point.  Melvin, are you scared?
+* **The Danger Zone will continue to shift down while they bleed money** attempting to suppress the price. The margin call is inevitable. All shorts must cover.
+* **We consistently see volatile movement at some point in the week or week before a SI Report Settlement Date**. **EVERY single date has had this occur**. **The next settlement date is May 14**.
+   * This could be only a slight movement just like the past few Settlement Dates.
+   * This could be a big movement due to April 16 from an overlap of a large amount of shorts having to be suppressed and FTDs shifted out (but who knows).
+* **Every Settlement Date spike results in an ever higher price floor**. The past few floors, starting Feb 26 through May 7 = $100, $120, $140, $150, $160. This brings us closer to, and into, the Danger Zone.
+* The Settlement Date following April 16 was on April 30. **If a bunch of shorts spilled out from April 16 and they are no longer able to suppress them, then the Receipt Date on May 11 can result in a spike of SI%. Note: not price spike. SI% spike.**
+   * If the SI% spikes and they now have to include those shorts in their risk calculations, then that might shift the Danger Zone even lower and make the margin call price even closer.
+
+**Also note to not day trade. Imagine you make the wrong mistake and the volatile movement ends up being the MOASS. See ya.**
+
+The end feels so close. We'll see what the next few weeks bring. 😎
+Hi everyone — appreciate y’all’s advice / thoughts on the below! (Also don’t worry, I am planning on speaking with an attorney soon). 
+
+At a high-level:
+
+I am marrying (in ~ 1 year) a partner with low-earning potential and high assets (family wealth). I have high-earning potential and low assets. 
+
+Our views on prenups:
+
+My partner and I agree that our prenup should be written so that neither of us are disproportionately negatively impacted in the event of a divorce. She agrees that it would be unfair for her to take 1/2 of my earned income/investments since it won’t make a big difference to her but would make a massive difference for me. (If I strike it big and my NW eclipses hers then that’s a different story). 
+
+
+Complication:
+
+Her father firmly believes that all earned income during the marriage and after is to be split. 
+
+My financial situation: 
+
+I make $225k/year and expect my salary to grow ~10%/year (with the potential for several larger increases from promotions). My NW is ~$60k (I have sizable undergrad and graduate loans). 
+
+Partner’s financial situation: 
+
+She makes ~$65k/year as an elementary school teacher. She has roughly $2-3M in assets under her name. She is set to receive ~$10M-$20M in the future in the form of trusts and inheritance. 
+
+Thank you so much in advance!!!
+**NOTE: By "next TSLA" I mean a stock that grows far beyond what talking heads think is "reasonable". Not that they are company *like* TSLA or that they will see similar returns.**
+
+EDIT: BECAUSE SOME PEOPLE CAN'T READ, BB IS NOT GOING TO BECOME A NEARLY TRILLION DOLLAR COMPANY LIKE TESLA. The comparison is with a company that is undervalued because it's going to get in on a *brand new* market that it helps create.
+
+---
+
+BB has some elevated short interest for sure. That short interest may even be increasing. However the float on the stock is massive compared to GME. There are over 550 million available shares of BB, and the short interest is below 100%. While there may be some movement up based on shorts covering, GME is a once in a lifetime thing.
+
+Nothing is the next GME. Not AMC, not NOK, not BB. The large players aren't ever going to be caught this way again in a place where retail investors can screw them, and GME isn't over. If what you want it to participate in that, then you should buy GME.
+
+But I think BB is *fundamentally* more valuable than its current price.
+
+## Current Situation of the Company
+
+BlackBerry, which started as Research In Motion, was the "original" smartphone company, before Apple ate them alive. They didn't have the product pipelines or the money to compete against Apple, and the company was nearly killed by the iPhone and later the Samsung Galaxy brand.
+
+Over the last several years, BlackBerry has pivoted into a software security company. They mainly sell security products with a focus on machine learning and artificial intelligence.
+
+From Fidelity:
+
+> BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity; safety and data privacy; and endpoint security management, encryption, and embedded systems.
+
+Over the last year, BB has re-positioned itself to take advantage of the nascent market of autonomous and intelligent vehicles. (Source: [AWS and BlackBerry QNX join forces to accelerate auto innovation with BlackBerry IVY, a new intelligent vehicle data platform](https://aws.amazon.com/blogs/industries/aws-and-blackberry-qnx-join-forces-to-accelerate-auto-innovation-with-blackberry-ivy-a-new-intelligent-vehicle-data-platform/))
+
+> BlackBerry IVY is a scalable, cloud-connected software platform that allows automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud. Automakers can use this information to create responsive in-vehicle services that enhance driver and passenger experiences as well as provide valuable product insights back to the manufacturer.
+
+They also have a partnership with Baidu for that company's Apollo autonomous driving open platform. (Source: [BlackBerry Expands Partnership with Baidu to Power Next Generation Autonomous Driving Technology](https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/blackberry-expands-partnership-with-baidu-to-power-next-generation-autonomous-driving-technology))
+
+> BlackBerry Limited (NYSE: BB; TSX: BB) today announced an expansion of its strategic partnership with Baidu, whose high-definition maps will run on the QNX® Neutrino® Real-time Operating System (RTOS) and will be mass-produced in the forthcoming GAC New Energy Aion models from the EV arm of GAC Group (Guangzhou Automobile Group Co., Ltd.).
+> 
+> ...
+> 
+> The QNX Neutrino RTOS foundation for Baidu’s high-definition maps is a robust real-time microkernel operating system that provides deterministic performance as well as flexibility to address the limited resources of the embedded system.
+
+Their QNX system is already used in over 100 million cars that are currently on the road, including a direct partnership with [Ford](https://www.industryweek.com/technology-and-iiot/article/22007012/blackberry-ford-extend-partnership-to-develop-car-software) that they've had since 2016.
+
+They are in the final stages of completing an amazing turnaround as a company, and it looks like they have a good chance of doing it successfully. So what are the challenges?
+
+## Balance Sheet Issues
+
+BB has almost 2/3 of their current "assets" tied up in patents. This can be seen on their 2019 balance sheet as "Intangible Assets – Total: $2.352 billion". Their assets which are easier to liquidate are nearly exactly their current liabilities ($1.196 billion vs. $1.121 billion), as they added $638 million in debt in FY2019.
+
+Just a few weeks ago, BlackBerry sold 90 of its smartphone patents to Huawei. It also signed a licensing deal with OnwardMobility and Foxconn to allow it's name and software to be used in making a new 5G Android-powered smartphone that has a physical keyboard, filling a small but important niche in the smartphone industry that is mostly untapped at this point.
+
+These moves signal the intent of BlackBerry to leverage parts of its balance sheet that have been mostly sitting idle since 2016 when they exited the smartphone market for good as a manufacturer.
+
+The challenge is that their cash flow and income have been negative or paltry for quite a while. That was never going to turn around until they were able to monetize some of their existing IP and position the company for a solid market segment. At this point, they have successfully done both.
+
+## Earnings
+
+This section definitely depends on your focus and perspective. For instance, BlackBerry's GAAP EPS has been negative more than positive since 2016. But on the other hand, their adjusted actual EPS has beaten consensus estimates for every single quarter going back to Q3 2015.
+
+If you believe in Chen's ability to execute the turnaround, then this seems positive. If you think the company is destined for failure and a slow death, then this seems negative.
+
+## Conclusions
+
+Overall, I think BB is undervalued at its current price. They are very well positioned to take off as autonomous vehicles become more common, and most importantly, they have extremely valuable partnerships in many different markets, including some fantastic access to the Chinese market through their partnership with Baidu.
+
+Autonomous vehicles are a market that doesn't exist yet. Not truly. But many people believe that autonomous vehicles are going to turn into a HUGE segment of the market over the next decade. While car companies (particularly TSLA) provide direct exposure to that, they come with manufacturing risks and other things such as supply-chain risks. TSLA, Toyota, Ford... they could all face issues that simply come down to "we ran out of good suppliers of Cadmium" or something similar, while what you want is exposure to autonomous vehicles.
+
+BB has none of that. Their revenue and exposure to the market is entirely within the software, and because of their wide range of partnerships they shouldn't be dependent on any particular manufacturer. I expect to see them reporting positive earnings during FY2021 (though only slightly), and a much more obviously robust performance in FY2022.
+
+Their patent portfolio alone in 2020 was worth about what their market cap was, that's how undervalued this company was due to concern about earnings. Once those earnings turn around, I think the valuation based on *only* fundamentals should put the stock at about $20 *right now*, and about $30-$35 by the end of this year.
+
+There is also a non-trivial chance of a purchase by another company such as Alphabet that wants access to their partnerships, patent portfolio, and machine learning software.
+
+---
+
+DISCLAIMER: I am not a financial advisor and this is not financial advice. It is an organization of my own thinking behind the positions I have opened with my money.
+
+---
+
+Overall, BB benefits from its meme-stock status, and a bit of a short squeeze could happen for sure. But based just on my reading of their business itself, I think the stock has room to as much as triple within a year.
+
+Current position disclosure:
+
+100 BB @ 14.2687  
++4 19 FEB 21 15c @ 4.125  
++2 19 FEB 21 40c @ 1.93  
++1 19 MAR 21 25c @ 4.64
+This goes for both renters and landlords. Tenants can be evicted (by federal law), and foreclosures will resume for landlords. 
+
+https://www.google.com/amp/s/www.businessinsider.com/trump-era-eviction-ban-foreclosure-moratorium-expiration-biden-renewal-2021-7%3Famp
+Can anyone give me advice on how to do research or find a stock to even start researching? I don't really know how to set up a good screen, I can put in fundamentals for some stuff, but I don't really know what I'm looking at anyway. 
+
+I've been pretty much going off different subreddits and looking at openinsider occasionally. Other than that I just invest in bigger companies that aren't bad bets. 
+
+I'm basically just trying to find out how to turn the decisions I've been making from 100% gambles, to something with a little more logic and reasoning behind it that will show some better results. (I haven't really lost or gained much of anything so far, so my bets have been evening themselves out so far)
+Hi Folks, 
+
+I am one of the firm believers in index investing(and passive investing by extension). I have got nice returns as well since March 2020, investing in Nifty50, Nasdaq100 and S&P500. I had invested a small amount in Nifty nixt50 index as well. Recently on one of the days I saw that NiftyNext50 index had not lost as much nifty50 index over the last few days. When digging deeper, I saw that this mostly due to Adani group stocks which had gained over that time period.
+
+​
+
+All of them satisfy the market cap criteria listed on NSE website for inclusion in nifty50 index. So it seems inevitable that they will be included in the nifty index. 
+
+​
+
+The following is the m-cap ranking of Adani group stocks as of today:
+
+​
+
+​
+
+Adani Green at 8
+
+Adani Transmission 16
+
+Adani Gas 18
+
+Adani Ent at 22 
+
+Adani ports at 29
+
+Adani power at 45
+
+Adani wilmar at 46
+
+​
+
+I remember that last year around the same time, there was the revelation of possbile pump and dump scheme in these stocks through Mauritius domiciled funds which invested most of their AUMs in Adani stocks. Post the news of SEBI investigation these stocks were hitting LC every day. But nothing changed fundamentally, the stocks are back on the bull run and nothing seems to stop them now! Will the retailers be left holding the bag when the dump inevitably happens ? Another key point here is that none of the actively managed MFs have any holding in AdaniGreen, Transmission or Gas. I didn't check for the other stocks but this is definitely a noteworthy point where not a single MF has invested in these stocks. If I look at which MFs hold these stocks, it is all index funds and ETFs. What annoys me here is that the point of passive investing is supposed to shield you from this kind of worry about day to day fluctuations but that is exactly what is happening now.
+
+​
+
+​
+
+Based on the previous few months where overseas investments were stopped willy-nilly for retail investors, I am not expecting SEBI to come to the help retailers. 
+
+​
+
+Also, if you think that you personally don't have any investments in Nifty Index, think again - I read somewhere that EPFO and NPS funds are invested in nifty ETFs. So this affects every one. I am also wondering if the "Pump" part of the scheme is somehow partially pulled off by the active MFs as a cartel themselves - after all they will benefit when these stocks hit LC and retailers are left holding bag.
+
+​
+
+I am wondering if I should move all my nifty index investments into an active MF like "Axis blue chip fund" or something similar. Thoughts?
+
+PS: all the info I have provided is just a google search away, readers can cross check themselves.
+Hi all,
+
+As the title says I'm a physics student wanting to learn about algotrading. I've got a basic economic understanding from a course I've taken this year titled "Introduction to financial maths" but I'm wanting to go beyond the course in my free time. The course covers stuff such as put-call parity and Black-Scholes equation. Any advice on where to go from here would be greatly appreciated
+A basic truth of the FIRE movement is that you can save money by limiting how often you go out to eat. I don’t think that will ever change, however since the COVID pandemic I have noticed a lowered perceived value of my experiences eating out, especially when compared to the price of food purchased at the market and cooked at home. 
+
+With the quick take out I haven’t noticed it that much (sandwich/burrito etc) perhaps because the total amount is just lower? However an upscale evening out at a restaurant for two that used to cost $100-$150 now costs $200-300. Price aside it just doesn’t seem worth it in terms of value. Is this just inflation or is it a math problem? Take 8% inflation and on supermarket and home cooked food it is 8% more expensive. For restaurant that is 8% increase for ingredients x profit margin x sales tax (not charged on food at grocery store) x 1.2x for tip (20%). So any increase in inflation by 1% might equal 1.5%-1.7%+?  Add in the 2-4x markup for liquor or a bottle of wine which you can do yourself at home with 10 seconds and a corkscrew and it gets crazy. It’s an exponential decrease in value that manifests fastest when you start with higher numbers. 
+
+I have a top 1% income but I think I’m hitting my buyer’s strike limit and going more towards burritos out and nice home cooked meals with some top notch wine even more than before.
+Raining money in Antilla. This is the fastest any large cap stock going debt free
+
+Exactly 0.9% given to silver lake and again 0.9 to TPG
+
+Reliance exchange statement says they will leverage TPG expertise in technology to grow the digital platform. I doubt all these companies will exit immediately on listing. Many seem in for the long run with a plan to build a massive growth platform.
+
+update: since this post, another PE firm L CATTERSON has invested additional 1894 stake of 0,38%. Jeez.. it’s like they are buying stocks on an exchange directly
+Are Nest pensions (the pension scheme set up by government) exposed to the LDIs (liability driven investments) that some pension funds use? These are the instrument that prompted the Bank of England to step in during the market chaos earlier in the week when they had to start buying long dated gilts to prop up the market.
+
+I’ve read somewhere that 1/3 of the market could have faced sell off at one point. Imagine if your pension (albeit worst case) dropped that much in a day? It’s got me worried that I shouldn’t just be investing for my future in a pension. Ie. I also invest in paying off a second property mortgage that will form half my pension in old age, and I wonder if I should up my payments towards this and reduce my Nest pension contributions as a hedge.
+You’ve heard about Gamestop in the news. You’ve probably also heard the term ‘shorting’ and maybe even ‘naked shorting’, but I didn’t figure out what these meant until recently. So if you’ve been faking that you know what it means like I was, it’s actually not that hard to understand.
+
+Basically, imagine that I borrow your favorite necklace. It’s a nice vintage thing that you love, but I’m your best friend, so you loan it to me. Now, I know that this sort of thing is really hot right now, so I pawn it. Yeah, I’m a shitty friend, but I really needed the money. Besides, I’m pretty sure that this vintage necklace fad is going to pass, and when you finally ask for your necklace back, I’ll be able to buy it back for much cheaper than I originally pawned it for. And that’s what I do. The fad passes, I buy the necklace back for half of what I got for it originally, return it to its rightful owner, and everything is right in the world once more. Plus, I’ve got some extra cash from the whole ordeal.
+
+That’s what shorting a stock is. You make money on a stock going down in price. The problem is when the stock instead goes up. You still have to buy that necklace back, but now it’s twice the price, so you’re losing money. The only thing that could make this situation worse is if the pawn shop sold it to someone else. Now it’s gone and I can’t buy it back to give it back to you, the owner.
+
+This is called a failure-to-deliver (FTD) and is often the consequence of naked shorting, which is a little more complicated. But now that you know how shorting works, this should be an easy next step.
+
+So, let’s say it’s the beginning of 2020 and you want to make some money. You find a company that’s dying. Has been dying for some time. Let’s call it Gamestop. The share price is down to the single digits. A pandemic has just hit and no one is going to stores anymore; they’re buying all their games off Amazon. Plus, you’ve done your research and know that Gamestop has hundreds of millions in debt that it must pay off next year in April, or it’s almost certainly going to go bankrupt.
+
+What’s a savvy investor to do?
+
+Well, you could short the company, just like I described above. You borrow shares that you don’t have to return for a whole year, sell them on the market, and wait for the death throes of the company before buying them back for pennies on the dollar, and then returning them to their original owner.
+
+Problem is you’re greedy, smart, and have absolutely zero morals. So, it’s no longer a question of what a savvy investor would do, but what a bloodthirsty trader bent on sucking up the absolute most profit would do. And this is what they would do (and did).
+
+Sell more shares of a company than they actually have. Now, I won’t go into how this is possible, but all you have to do is jump over to wikipedia to see that I’m not just pulling this idea out of my ass. It’s called naked shorting and it’s illegal and a quick way to make some serious cash. Infinite money, nearly, because what’s to stop me from selling hundreds of millions of shares that don’t exist if I know for a fact that I’ll never have to return them?
+
+And how would I know this so assuredly? Because I’ll make sure of it.
+
+When everyone wants to buy something, the price goes up. Just look at gaming consoles during their launch and the people who buy ten of them to resell for twice the price on eBay. Conversely, when everyone is selling something, the price goes down. Supply and demand. Basic economics, right?
+
+So what happens when I flood the market with these shares? The price tanks. It drops and drops to $3 a share. $2 a share. I could get out now with a hefty profit, but I can make more. So much more. You see, if the company goes bankrupt before the due date when I have to sort out my naked shorts, then there are no more shares. They vanish. Like tears in the rain. Which means I don’t have to return shares. I don’t have to do anything except keep…
+
+All. The. Profit.
+
+But something unexpected happens. Gamestop turns around. Ryan Cohen joins the board (look him up if you don’t know who I’m talking about. He’s sort of a big deal). Regular investors notice this heavily shorted company and start buying up the shares. Lots of them. Because they see potential.
+
+Now, remember what happens when everyone wants to buy something? The price goes up. And a position that was sure to gain you, the shorter, money is now going to see you losing everything. Because the potential loss is truly infinite.
+
+What do I mean by infinite?
+
+Well, let’s go back to that necklace story. I need to buy the necklace back from the pawn store to return to my friend, but let’s say that owner of the store figured out the trick I was trying to play. He knows I need this necklace back, at any cost, because there isn’t another one like it. Just like a person selling water to someone dying of thirst in the desert, he gets to name his price.
+
+That’s where we are with Gamestop. The short sellers have naked shorted, lost, and now they need to buy shares to deliver them. They MUST deliver the shares that they don’t have, but since they can’t afford to right now, they keep using little loopholes to push the date back. They’re stalling, but eventually they will have to buy them back, and when they do, the price will rocket. This is called a Short Squeeze. It happened in 2008 with Volkswagen, pushing the share price from around 200 euros a piece to 1,000 euros a pop in just two days, making it the most valued company in the world for all of ten minutes.
+
+This lead us to the world economy. Yeah, really.
+
+The fact is that Gamestop isn’t a one-off. This naked shorting scheme happens all the time. Remember Toy-R-Us? Same thing, but they didn’t survive. And when shorters start getting overconfident and selling way more shares than actually exist, banking on the fact that they will never have to buy them back in the end, the house of cards starts to get very shaky. They are essentially writing more IOU’s than they could possibly ever hope to pay back.
+
+The problem doesn’t end at the hedge funds (which are like investment groups), because the deeper you dig, the more you see that this system is rotten down to its very core. All the way up to the SEC, the DTC, and all those lovely acronyms that we all pretend to act like we know what they are. Basically, the government bodies that are meant to keep a handle on this sort of thing have all of their grubby hands in the same cookie jar. Everyone is liable, and the tipping point could very well be a colossal short squeeze, like the one Gamestop has the potential for.
+
+With a short squeeze of enough magnitude, all those hedge funds that shorted Gamestop will have to buy back the shares AT ANY PRICE. If the shares go up in price enough, they get margin called, and if they  fail the margin call (which is as good as going bankrupt for a hedge fund), their insurers will have to pick up the rest of the tab. If the insurers can’t manage, the buck then gets passed onto the government. The dominoes will start falling, and where that will leave everyone when this is all said and done is anyone’s guess.
+
+I know this sounds like some horror story I pulled out of my ass to add a little drama to my boring life, but I’m telling you: read into this. Because I left a lot out here. Stuff like the LIBOR-to-SOFR transition that’s underway, which will uncover a lot of this nastiness, but the corrections will leave behind collateral damage. Then there’s Gary Gensler’s recent appointment as chair of the SEC (he was in the same position right before the collapse in 2008), and so many other moving parts that point straight at what I’m talking about.
+
+I’m not telling you to go out and buy GameStop right now (though if you do, don’t use Robinhood. It looks cool, but they are a part of the problem). What I’m saying is instead of watching Netflix tonight, try and look up some of this yourself. If you’re going ignore me and watch a movie anyway, check out The Big Short. It’s got Christian Bale, Ryan Gosling, Brad Pitt, and even Margot Robbie explaining financial concepts in a bubble bath. It will give you an idea of what’s happening right now, though it’s different this time around.
+
+This time, it's worse.
+
+*EDIT: Lots of questions in the comments. Although this is not financial advice, in regard to reputable brokers, I would look into Fidelity and Vanguard. You can also buy through Computershare, which is the company Gamestop uses for distributing their shares. These brokers aren't quite as fancy looking as Robinhood, but they are much more reliable for a number of reasons I recommend reading into. Also, fidelity has a subreddit on which they are very active, so feel free to reach out to them if you have any questions about setting up an account.*
+
+*Also, while The Big Short is a great movie to watch to watch both for entertainment and for learning how some of this stuff works, remember that the shorters in that movie are the good guys, whereas the shorters of Gamestop are the baddies. If you watch the movie you'll understand.*
+
+*For any tried and true apes reading this, please scour the new comments coming in. Lots of people asking questions and I can't answer everyone. We have people from all over the world asking about where to find brokers, etc. Help an ape out.* 
+🚨🚨🚨🚨 We have our foot on their throat (figuratively, obviously, dumb shills). Don't let them escape. This isn't time to monologue or relax. 🚨🚨🚨🚨 We need to keep registering shares. This is the way. 💎🙌🚀🦍🌕
+
+Cone! Poo! Tear! Chair! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+Cone! Poo! Tear! Chair! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+Cone! Poo! Tear! Chair! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+I am a beginner. I just lost half of my portfolio (3000 CAD) on $NOK and $SAVA due to FOMO and joining the party very late (entered around peaks and closed when lost hope of them rising back).
+
+It feels extremely bitter.
+
+Now I want to recover these loses slowly over time instead of quitting trading and feeling dejected. 
+
+What should be my strategy for next several weeks? I understand it wont be possible to recover soon and I don’t want to lose hope either.
+This is my first year at the company and I didn't get annual increases at my last (which was first job as a grad) so I have no idea what the typical rate is. I understand inflation is estimated at ~6-7% so in reality this is a salary decrease, should I be asking for an increase in-line with inflation?
+
+Edit: for clarification I'm not a 'new' grad, I was in the previous job for 2 years and will be in this job almost 1 year now. Performance reviews haven't happened yet but I've been told the general feedback is good. I'm not sure I would say I'm in a skilled role, although I have BSc and MSc, anyone with basic excel, word processing, and general computer skills could do this job...saying that it seems like resourcing for this role (and others) is something companies are struggling to fulfil lately.
+Not that anybody cares but here is a little back story… Single mother of 4 I am 29 years old. I put my life savings into $muln about a week ago. I should of known better, but at the same time it could have gone so well and I would have finally been able to not live paycheck to paycheck. I know this is so embarrassing but I feel like this is the end of the world. Have you ever lost everything? How did you deal with it? I’m so much in disbelief at my stupidity I don’t know why I thought this stock would one day send my kids to college. What was I thinking.
+ Atobitt made some great DD. House of Cards 1-3. Everything Short. Classics. However, part 2 and 3 of HoC felt *incomplete*. No offense to the man, no offense to the data. I think it is spot on, i think we all know what to do. HODL.
+
+But, I am here to add this, somewhat controversial, somewhat illuminating piece of information. I hesitate to post this because I don't want to insinuate there are other plays. There are not. i want to be clear- this is in no way intended to diminish, nor will it, your desire to do nothing more but BUY AND HODL. Ready for it? it's not even much of a surprise...
+
+its not just GME.
+
+Several Hedge Funds like Citadel, Melvin, Highfields, etc... develop a significant position in certain companies they like. The big boys. Now, when Atobitt said it was the Everything Short he fucking meant it is the EVERYTHING SHORT. So for the sake or brevity, i will only focus on a select few. namely,we are going to be discussing some rather interesting connections between amazon, netflix, target and GME and the like. This is going to be a bit of a swim, so please bear with me. let us dive in
+
+Recently, Netflix has been rumored to be entering the video game industry. [https://www.polygon.com/22447410/netflix-executive-games-expansion-the-information-report](https://www.polygon.com/22447410/netflix-executive-games-expansion-the-information-report)
+
+And, as you know, Amazon recently purchased MGM studios. [https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html](https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html)
+
+Now i am sure it doesn't take a few crayons to see our big boy GME is in the video game industry, and little brother AMC, is in the movie biz. Okay. I see that connection. Let's divert a bit and look into some other connections. i turn your attention to Kevin Turner [https://en.wikipedia.org/wiki/B.\_Kevin\_Turner](https://en.wikipedia.org/wiki/B._Kevin_Turner):
+
+"Kevin Turner is an American businessman and investor who is currently the chairman of Zayo Group and the vice chairman of Albertsons/Safeway .He previously served as the COO of Microsoft from 2005 to 2016. Prior to joining Microsoft, Turner was the CEO of Sam's Club and the CIO of Walmart. He is also the former Vice Chairman of Citadel LLC and CEO of Citadel Securities "
+
+wow okay, citadel connection, sure. but what's Zayo Group? From: [https://finance.yahoo.com/news/were-hedge-funds-flocking-zayo-190533381.html](https://finance.yahoo.com/news/were-hedge-funds-flocking-zayo-190533381.html)
+
+"The largest stake in Zayo Group Holdings Inc (NYSE:ZAYO) was held by Senator Investment Group, which reported holding $205.5 million worth of stock at the end of September. It was followed by Citadel Investment Group with a $162.9 million position. Other investors bullish on the company included Kensico Capital, Zimmer Partners, and Hunt Lane Capital.... \[most\] stocks had an average of 21.25 hedge funds with bullish positions and the average amount invested in these stocks was $365 million. That figure was $1248 million in ZAYO's case."
+
+Okay! that's a fine connection there. Who is Senator Investment Group, though?
+
+[https://finance.yahoo.com/news/hedge-funds-aren-t-crazy-234734875.html](https://finance.yahoo.com/news/hedge-funds-aren-t-crazy-234734875.html).
+
+" **VICI Properties Inc. (NYSE:VICI)\[**[**https://viciproperties.com/about-us/**](https://viciproperties.com/about-us/)**\].**  At Q3's end, a total of 37 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -37% from the previous quarter. .Soros Fund Management with a $419.8 million position. Other investors bullish on the company included Senator Investment Group, Citadel Investment Group, and Point72 Asset Management.  total hedge fund interest was cut by 22 funds in the third quarter."
+
+Okay, im going off the rails a bit. My point is, all of these Hedge funds are obviously connected. And all of them, have their fingers in a few different pots. Now lets get back on track. Now senator Investment group has large holdings in Amazon and Five Below. [https://whalewisdom.com/filer/senator-investment-group-lp](https://whalewisdom.com/filer/senator-investment-group-lp), among many others. I started looking into their competition and found something odd.
+
+Now i apologize, i will be referencing a lot of charts, so please google them yourself. Look at the chart for FIVE stock- it has had significant growth year after year but has followed GME chart inversely, every spike for GME correlates with a dip. This will be true for many, many other stocks. I started looking into other Brick and Mortar Companies and comparing charts. i found quite a few. Again, for sake of brevity, i will be focusing on a few.
+
+FIVE, AMAZON, Walmart, Dollar Tree- their competition is other retail brick and mortar stores. CVS, Rite Aid- their competition is pharmacies. however, target recently partnered with CVS pharmacy in 2015 for their own stores. Amazon recently wants to enter into brick and mortar pharmacy or add them to whole foods. [https://www.cnbc.com/2021/05/26/cvs-walgreens-shares-fall-on-report-that-amazon-may-open-pharmacies.html](https://www.cnbc.com/2021/05/26/cvs-walgreens-shares-fall-on-report-that-amazon-may-open-pharmacies.html).
+
+target and CVS was interesting to me, because check Citadel's institutional ownership of CVS over the years-. [https://formthirteen.com/filers/0001423053-citadel-advisors/holdings/126650100?quarter=2020-12-31](https://formthirteen.com/filers/0001423053-citadel-advisors/holdings/126650100?quarter=2020-12-31). Notice the spike in 2015 prior to Target announcing CVS agreement?
+
+Citadel has also created a bunch of call/put LEAPS throughout the years on Rite Aid- CVS competition. [https://fintel.io/so/us/rad/citadel-advisors-llc](https://fintel.io/so/us/rad/citadel-advisors-llc). Citadel is also very bullish on Amazon. [https://finance.yahoo.com/news/billionaire-ken-griffin-bumps-stake-123655840.html](https://finance.yahoo.com/news/billionaire-ken-griffin-bumps-stake-123655840.html). Griffin even stated at one point he was considering moving Citadel's headquarter's because of Amazon [https://www.cnbc.com/2019/03/14/ken-griffin-says-hes-less-likely-to-move-citadel-to-nyc-after-amazons-heartbreaking-exit.html](https://www.cnbc.com/2019/03/14/ken-griffin-says-hes-less-likely-to-move-citadel-to-nyc-after-amazons-heartbreaking-exit.html).
+
+\*\*\*\*\*\*\*\*\*\*
+
+edit- further info i forgot to add from CVS
+
+[https://www.hstong.com/news/detail/20090104245156133](https://www.hstong.com/news/detail/20090104245156133) " Of the funds tracked by Insider Monkey, D. E. Shaw's D E Shaw has the number one position in CVS Health Corporation (NYSE:CVS), worth close to $218.8 million, comprising 0.3% of its total 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $218.6 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Some other professional money managers that are bullish encompass Ken Griffin's Citadel Investment Group, Phill Gross and Robert Atchinson's Adage Capital Management and Ken Griffin's Citadel Investment Group. "
+
+[https://www.fi-desk.com/chang-reported-to-leave-aqr-for-citadel/](https://www.fi-desk.com/chang-reported-to-leave-aqr-for-citadel/) " Citadel has confirmed that Isaac Chang, the head of trading at AQR Capital Management since 2016, will join the Citadel hedge fund in September as the firm’s first head of execution trading for fixed income.  Chang’s work history combines trading on the buy-side, sell-side and high frequency trader (HFT) market making, via his position prior to AQR as global head of fixed income, currency and commodities (FICC) at HFT firm KCG, now Virtu, and in US interest rates electronic trading at Goldman Sachs..
+
+​
+
+VIRTU Financial is a marker maker similar to citadel. if you google virtu and "fined" you will find many violations, one for this in particular- [https://www.financemagnates.com/institutional-forex/brokerage/finra-slaps-175000-fine-at-virtu-for-not-offering-best-execution/](https://www.financemagnates.com/institutional-forex/brokerage/finra-slaps-175000-fine-at-virtu-for-not-offering-best-execution/), something our good friend Robinhood recently got in trouble for [https://www.sec.gov/news/press-release/2020-321](https://www.sec.gov/news/press-release/2020-321)
+
+\*\*\*\*\*\*\*\*\*\*
+
+Now, Amazon bought Whole Foods a few years back. Whole Foods largest competition is Albertson's. What's interesting is Albertson's was going to merge with Rite Aid until the deal was killed after immense pressure from a certain hedge fund, Highfields Capital. [https://www.forbes.com/sites/brucejapsen/2018/06/27/a-big-investor-opposes-rite-aids-albertsons-deal-amid-flat-pharmacy-growth/?sh=55f37f9c37fe](https://www.forbes.com/sites/brucejapsen/2018/06/27/a-big-investor-opposes-rite-aids-albertsons-deal-amid-flat-pharmacy-growth/?sh=55f37f9c37fe)
+
+Some more connections here: [https://www.businessinsider.com/amazon-deal-for-whole-foods-true-genius-hedge-fund-2017-7](https://www.businessinsider.com/amazon-deal-for-whole-foods-true-genius-hedge-fund-2017-7). "genius move" they called the acquisition. Remember when They killed the Rite Aid deal, and Target bought CVS?
+
+\[[https://www.wallstreetoasis.com/forums/7-best-long-term-stock-picks-by-morgan-stanley](https://www.wallstreetoasis.com/forums/7-best-long-term-stock-picks-by-morgan-stanley)\](Currently, Target's shares are trading at $51.70 and are expected to reach $64 by the end of 2012....Jonathan Jacobson's [Highfields Capital Management](http://www.insidermonkey.com/hedge-fund/highfields+capital+management/172/) doubled its stake in TGT during the third quarter to nearly $300 million.) TGT is in the top 50 of Citadel's holdings. [https://docoh.com/company/1423053/citadel-advisors-llc](https://docoh.com/company/1423053/citadel-advisors-llc)
+
+Now, Look at the stock charts for Rite Aid (RAD), and compare it to GME. Interesting.
+
+Now, more digging led me to find these same connections with Lowes/Home Depot. As well as BBBY and Walmart. DLTR. All of these charts, and dozens and dozens of others have the same chart patterns as GME or inverse if they are insider owned by hedges. Look at 5 yr charts and see the changes over time. Also, Circuit city was acquired and tanked by Highfields. And many, many others are currently involved. Literally, EVERYTHING that stands in the way of a long bet by these hedges are SHORTED.
+
+# Wanna know what's even scarier? All of the money maker stocks connected to these hedges only started printing cash AFTER the 2008 crash- almost as if they pivoted their strategy to this.
+
+​
+
+WHAT THIS MEANS
+
+TLDR: What appears to me, is that several hedge funds have placed large bets on their precious money making stocks, and have over the years been systematically bankrupting, manipulating, and sabotaging the competition of the acquisitions being made for their babies. Target wants a pharmacy? destroy rite aid, place calls on CVS. Netflix wants gaming? Short GME. Amazon wants to buy movie studio? short the movies. Amazon bought a grocery chain? prevent their competition from ever growing. Rinse, repeat.
+
+GME is the one that stood against them and is fucking them up royally. However, what this means is that there is not one bomb. There are dozens of mini-GME's littered around the market. If GME goes off, the systematic margin calling will cause mini-short squeezes all over on these stocks. If you check recent SEC ownership filings, these hedges have been reducing or closing their positions in these shorted stocks like Rite Aid and Lowes (and many, many others). They are disarming these mini-bombs before the big one goes. The longer we hold, the more we buy, the closer they get a cluster bomb. We have not one Asteroid called GME heading to the Earth, but a meteor shower of smaller rocks following quickly behind.
+
+We will not have an entire market implosion. if the GME squeeze is an event that occurs over weeks, we will have the long-manipulated stocks experiencing a sudden boon with these squeezes like GME and AMC have and have benefitted from, breathing new life into these failing companies through the expense of banks, hedges, and the US Federal govt. 
+
+Through their destruction, we shall have creation. 
+
+# Ragnarok is upon us.
+
+
+*Audio reading thanks to /u/tyrant_tyra for those that don't want to read. https://youtu.be/0Az%5C_91MJh-4*
+"Chatter on message boards is reshaping the options market and sparking wild rallies".
+
+https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-profane-greedy-traders-are-shaking-up-the-stock-market
+Congratulations to all the cypto bros in this sub who were pushing these high-yield schemes and claiming they were perfectly safe investments. Great job ruining the lives of others!
+
+On a serious note, I think discussing "crypto" should be banned on r/personalfinance altogether.
+Congratulations to all the cypto bros in this sub who were pushing these high-yield schemes and claiming they were perfectly safe investments. Great job ruining the lives of others!
+
+On a serious note, I think discussing "crypto" should be banned on r/personalfinance altogether.
+So I was reading a recent post on the pf sub about how to teach your kids how to be good with money.    The consensus opinion was to show your kids your paychecks/how all the money is gone at the end of the month to instill good savings habits/money decisions.
+
+I don't think that advice applies to me (most of us?) as I'd expect my kid to say, "Shit dad, why are you telling me I can't get a PS5 when you're fucking loaded?"
+
+We're pretty reasonable when it comes to spending, and with little kids I've never liked lying to them by saying "we can't afford that toy."  Usually, we just tell them that we can't buy all the toys because we need to pay for our house/food/cars/clothes/etc.  things they can relate to.  My kids are still pretty young (4 and 7), but money is definitely something they're starting to understand.
+
+How do you guys ensure your kids don't grow up to be spoiled brats who don't value the hard work/savings/years it took to get you here?
+Newest Members The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. With over 200 member organizations, the EEA is the world's largest blockchain initiative and we've recently welcomed over 80 new members!
+
+8base Inc.
+
+ADS Securities
+
+**Advanced Micro Devices (AMD)**
+
+Amberdata
+
+Ambrosus Technologies GmbH
+
+American Family Insurance
+
+Apical IT Solutions Ltd
+
+ArcBlock Inc.
+
+Artisan Productions, Inc.
+
+Asset Token
+
+B9lab Ltd
+
+Berkeley
+
+Beyond Manufacturing
+
+Bitdegree Blockchain Learning Foundation
+
+bitfly gmbh
+
+BKX Corp
+
+Blockchain Association
+
+Blockchain Research Institute
+
+BLOCKSKYE INC
+
+BlockTech Ventures
+
+BlueMeme Inc.
+
+Brane Inc
+
+CharityStars.io
+
+CipherTrace
+
+Circularise B.V.
+
+Coinvest
+
+Comae Technologies
+
+Confideal Limited
+
+CountyBlock
+
+Crowdz
+
+Cryptica Capital
+
+Current
+
+Digital Treasury Corporation
+
+Element ASA
+
+Epiq Systems, Inc.
+
+**Ernst & Young (EY)**
+
+Eth Capital Asset Management & Hedge LLC
+
+EUPSProvider s.r.o. (Worldcore)
+
+FedChoice Federal Credit Union
+
+Golden Gate University, Law School
+
+HADE Technologies LLC
+
+Hefei Institutes of Physical Science, Chinese Academy ofSciences
+
+HM Government of Gibraltar
+
+Hodlion.com
+
+identitii Pty. Ltd.
+
+IGNATIUS COBB
+
+Indian Blockchain Council
+
+Industrial Technology Research Institute
+
+Innodata
+
+**Kaspersky Lab**
+
+Law Offices of Nathan Mubasher
+
+Marquette University
+
+matrics.io (formorly Frost Fire)
+
+Monetha GmbH
+
+MTRM Industries Ltd. ("Mattereum")
+
+NAFCU
+
+Oaken Innovations, Inc.
+
+OriginTrail Ltd
+
+Peregrine Foundation
+
+Petroteq Energy
+
+**Pfizer**
+
+Quisitive
+
+Ripio International Ltd
+
+**Royal Bank of Canada**
+
+SEAL Network
+
+**SK Telecom**
+
+SmartKargo
+
+SmeSavings
+
+Spherik
+
+Steptoe & Johnson LLP
+
+Tesla Foundation
+
+The Abyss
+
+The Ananas Foundation
+
+The BlockchainHub
+
+The Institution of Engineering and Technology
+
+thecoinlab ltd
+
+Transcosmos Inc.
+
+TransformationWorx
+
+UnionBank of the Philippines
+
+United Traders
+
+UNIVERSAL COIN INTERNATIONAL INC
+
+Viberate d.o.o.
+
+XAIN AG
+
+XinFin Fintech Pte. Ltd
+
+Zap
+
+Zenoic Pty Ltd
+Hi Personal Finance!
+
+I see an awful lot of threads here about people wondering how on earth they'll possibly survive this horrible doomsday recession that is just absolutely going to happen any day now.  Here's some tips:
+
+1) There is not a gigantic country-destroying recession that is coming to ruin your life in the coming weeks.  Talking heads have been predicting one ever since the last recession.  The current news cycle is little more than fear-mongering (full disclosure: I used to be a journalist).  IF the current indicators that people are looking at end up holding true, it's still well over a year before things are "expected" to go south.  Plenty of time to shore up those savings accounts, make sure you're budgeting properly (see below), etc.
+
+2) The last recession was called the Great Recession for a reason - it was a harder-hitting one than those that came before.  And since it was largely based on a housing crisis, it felt even worse because people were losing their homes due to ridiculous mortgages that they never should have been offered, or agreed to, in the first place.  Which leads me to...
+
+3) Just be smart.  Are you living within your means now?  Great!  Make sure your emergency fund is in good shape, and continue about your business.  If you're overspending, take a look at your budget and see what you can cut out of it.  This is something you should be doing regardless of how the markets look.  Find a cheaper cell phone plan, ditch that $100 / mo cable bill, subscribe to a slower internet package, go out to eat less often, etc.  
+
+4) "What about my stocks?  Should I sell all my stocks?"  NO!!!  Do.  Not.  Sell.  Your.  Stocks.  The only exception here is if you really are completely and utterly broke otherwise and absolutely need the money.  Look, I invested almost all of my life savings in late September last year.  And then watched a LOT of it go away - on paper.  But guess what?  It's all back already, and then some - because I didn't panic sell.  In fact, **the best thing you can do in a recession is buy more stock!**  A bad market just means that stocks are on sale.  Who doesn't love a discount?  Again, I wouldn't advise buying unless you have the budget to do so.  
+
+So there you have it, friends.  The world isn't ending.  Be smart with your money, use some common sense, and be prepared to make some small sacrifices in the short term *if* a recession hits.
+
+update 1: thanks for the silver!
+
+update 2: I was working my first "real" job in 2008, but the pay was so bad that I was not investing much.  Then over the next nine year, I didn't invest one single cent out of fear of another big market drop (just left it in savings).  I ran the numbers, and if I had been investing in the S&P 500 at my original rate that whole time, I'd stand to be up about $200,000 at retirement.  **I potentially lost $200k by not investing out of fear of a market turn.**
+19 year old me, injured in a weightlifting accident, had to move from a nearly brand new motorcycle to a car.
+
+The bike cost $8k, and was worth $6k on the private market.
+
+I went to a dealer that was selling Hyundai Tiburon, I had always liked the RSX-S and this was similarly styled but at 75% the cost.
+
+Well, the dealer decided to try and get all money.
+
+They started by offering $2k for my trade, and even when I took that off the table the deal stayed awful.
+
+They set up an 84 month payment at just under $500/m, effectively charging me $42k for an $18k car, hoping I would miss that on the four square.
+
+Thankfully they tried too hard to get all the money and I walked, ending up selling on my own and buying a much more practical 3 year old Honda Civic, but if they were just a bit less shady I could have really gotten beat up for a very long time.
+
+So keep your head on a swivel out there, some people will stop at nothing Ti try and take advantage.
+Alright cucks, today we are gonna talk about DW8. Get your wife’s boyfriend in the room cause you’re gonna need to borrow his wallet for this one.
+
+I’ve seen a lot of misguided sentiment towards this company from you lot, mostly because people don’t understand the industry they provide too and how to interpret their successes so far. So grab yourself a greg or glass of vino cause you are in for a long thorough read.
+
+For the record, I am not a Financial advisor and you shouldn’t buy this stock cause someone with too much time on his hands makes a post about it on the internet. ASIC don’t fuck me in the shower. DYOR
+
+SO, let me start with a rundown of what exactly this company is and what they plan to do.
+
+**The Business**
+
+Digital Wine Ventures (DW8) states “we invest in technology-driven businesses servicing the global wine and beverage industry.”
+
+The global wine market is worth $300 Billion and growing.
+
+In April 2019, Australian wine entrepreneur Dean Taylor vended his sweetest new startup company, Winedepot, to DW8 and became the substantial shareholder and CEO. Winedepot is now the cornerstone investment of Digital Wine Ventures
+
+A brief lil background on ol mate Deano, cause it’s important.
+
+Deano has been in the online wine/beverage industry since 1999 during which he has founded, managed 7 different wine/online related businesses. He sold his first company, Wine Ark, to ASX:NSR for $8.5 million. He also launched the Cellar Club. The Cellar Club was then sold to Cellarmasters and later acquired by Woolworths as part of a $340 million transaction.
+
+He also launched My Wine Guy. A business that continues to grow at over 100 percent per annum. Just to name a few.
+
+IN SUMMARY, bloke knows his shit when it comes to operating online businesses and has deep connections in the Australian wine industry.
+
+SO ANYWAY, what is DW8’s golden child “WINEDEPOT”?
+
+Winedepot is a cloud-based service platform designed to streamline wine distribution. (and is now also being used for other beverages like beer/cider/spirits)
+
+The platform provides five key solutions relating to sales, logistics and payment and it generates revenue via transaction fees, storage fees, subscription fees etc.
+
+They describe their point of difference as servicing producers for a fraction of the usual cost.
+
+The next major step for Winedepot now, is launching their ‘Direct-To-Trade’ marketplace.
+
+“For the first time ever, trade buyers will be able to purchase by the bottle from hundreds of wine and beverage producers all via one order, one invoice, one payment and one delivery.”
+
+They claim this will allow them to provide substantially more brands and products than the largest three distributors in the country combined.
+
+This is due to launch in march 2021 (next month!)
+
+DW8 intends to solidify Winedepots presence in Australasia before expanding into other key markets for aussie vinos like the UK, North America, EU, Hong Kong and Singapore.
+
+In September last year they established their presence in New Zealand and have been steadily building over there too. Some of the figures they tote show just why this service is so attractive to wineries.  “Currently it costs at least AU$90 to ship a dozen bottles of wine between New Zealand and Australia. Using our platform, the shipping will be about AU$7.95 per case” - Deano
+
+If that isn’t impressive, I don’t know what is.
+
+**The Financials**
+
+Now onto the sweaty financials, which admittedly is my weak point in understanding and I will happily be corrected if I make any incorrect assumptions below.
+
+Market Cap - 72M
+
+Current sp - 0.044 (as today's announcement it’s probably going to break 0.05)
+
+For the quarter ending Dec 31st 2020, they stated a revenue of 712k for the quarter, up 78% on the last quarter. This is also only accounting for 1 month worth of sales from their newly acquired logistics provider WDA, which welcomed 180 wineries to the company last November. Though revenue has been increasing strongly, it is expected to have a massive uplift with the launch of the marketplace in March.
+
+They have 700k debt.
+
+Until the company becomes cash/flow positive, as of december 31 2020, the company had $6.8 million left of funding available, representing five quarters left of use if spending levels remain the same.
+
+They also expect a significant proportion of the remaining 100M+ unlisted options to be converted before 23 February 2021, when they expire. In the last quarter the conversion of 45M options raised $1.35M.
+
+IN SUMMARY, the company is growing incredibly fast with great organic growth and the release of their marketplace in March is poised to be a real chilli in the ass type booster for their sales.
+
+**Extra Reading**
+
+I also want to touch on a few points I’ve seen people throw around in this sub who clearly don’t understand some of the recent news affecting this company
+
+* The China Tariffs
+
+I’ve seen people claim with the introduction of trade tariffs from China (a normally 1.2B revenue export for Aussie wineries) that DW8’s growth would be hampered, when in reality it's a positive. Let me explain. DW8 moved sharply by closing its Chinese subsidiary and instead re-focused its expansion efforts on other international markets. The tariffs now imposed by Winnie the Pooh will triple the price of some Australian wines, which will have a significant impact on their competitiveness in the Chinese Market.  As a result, there’s going to be millions of litres of wine that will need to be sold in other markets. This will be extremely beneficial for Winedepot as the affected producers look for new routes to market. Along with the rapid switch to online buying due to COVID-19, this oversupply of inventory provides the perfect storm to launch their Direct-to-Trade marketplace. (March remember!)
+
+* The Post Christmas lull
+
+For some background in alcohol sales, December is the busiest month of the year with a steep drop off in sales following, January being the quietest. It is a cycle that affects everyone in the industry and the dip in sales is in no way isolated to DW8.
+
+In the latest company update for January, DW8 reported a 747% MoM increase in wine cases shipped vs last year. This set January 2021 (the quietest sales period for this year) up as the 2nd most successful month in the history of the company. This left DW8 feeling like the old Z1P, in that a positive market announcement somehow resulted in a falling sp. I believe this dip happened for 2 reasons. Firstly, people misinterpreted the fall in sales as poor growth. Secondly, people are cashing out now to take profits during the lower sales period, and will enter again later at a lower price point before the sales begin to spike up. Likely prior to the release of the new marketplace.
+
+Just before posting this, DW8 released an announcement stating they have successfully partnered with Vivino, the world’s largest mobile wine app and online wine marketplace.
+
+**Today's Announcement**
+
+Vivino had $265M USD wine sales flow through their system last year with 50M+ users. They also operate in 17 countries.This is MASSIVE. It was outlined as one of the major focuses for the new marketplace during their AGM meeting last october. They also intend to partner with Ebay and Amazon in the near future, if they pull that off, hello moon!
+
+There’s a lot of cake out of there and DW8 wants a slice.
+
+🚀 ***TL;DR*** 🚀
+
+This is a fast growing company with proven management, at a currently undervalued sp, set to moon in March and never come down. Get in while you can so you can finally buy a lambo or feed your kids for once.
+
+🚀
+
+If it matters, I hold 36,038 units at 0.055.Was hoping to get another parcel of $1k this morning at 0.44 but that announcement popped. Will likely still dip in again anyway, any price right now is undervalued from what they will be. Only up from here in the long run.
+*Jack Bogle. DCA VTI till you retire. Go with the 3-Fund. Just buy the S&P. You can’t beat the market consistently over 10 years. Etc...*
+
+
+Times have changed. Funds like ARK exist and could be changing the game with a new approach. Guys like Chris Camillo have averaged over 60% annually 15+ years through social arb investing. 
+
+
+At what point do we consider that times may have changed enough for traditional methods to be challenged?
+
+
+EDIT: Great discussion everyone... well aside from a few condescending geniuses who seem angry at the world. I hope you find peace. Anyway, I’m gonna yolo on MindMed for the foreseeable future and then diversify following Chris Camillo’s social arb style (see Dumb Money Live podcast or the book Laughing at Wall Street). Best of luck to all of you who plan on buying the index and retiring comfortably in your 60s. Nothing wrong with playing it safe. As for me, I’m gonna try my hand at taking on risk and being aggressive so I can retire before I’m 40 (30 now). ✌️
+Im on £28k. 55% of my pay instantly goes out to rent and bills and I literally cant get anywhere cheaper in my area that isnt a flatshare (fuck ever doing that again). With strict budgeting im lucky to have £100-£200 left at the end of the month -- saving for a mortgage deposit feels impossible. 
+
+I feel like if your living payday to payday on an average salary somethings wrong somewhere...
+HIDDEN GEM TO DETHRONE ROOBET?!?!
+What's up guys
+So I've been holding this coin called Mello Token for quite some time and honestly they have blown me away. From partnerships to app development and casino updates, they have pumped out more content then any shitcoin I've ever had.
+
+I'm the kind of guy to hold on to a BSc token for a 2x-10x and get rid of it fast af. However, Mello token is a hidden gem and I'm holding for the long haul! I personally think this is gonna be bigger then roobet
+
+What is Mello?
+
+Mello Token is a redistributive cryptocurrency rooted in the Mello Virtual Reality Casino concept, designed to provide automatic flowing rewards for holders and players alike. A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all holders. Put simply, all holders of Mello earn rewards on a constant basis which will be eligible for play inside the Mello casino.
+
+Why Mello?
+The Mello team has been equal parts meticulous and aggressive in the development process of their project thus far. The team has already shown their faces and are obviously committed... they have been checking off items from their roadmap one by one.
+
+Entering the enormous casino market with high transaction volume, the 3% redistribution has the potential to prove wildly beneficial for holders of Mello. Launched a month ago and with a market cap of roughly $12 million, Mello Token has tons of room to grow.
+
+The first iteration Mello web Casino will launch by the end of Q3 / beginning of Q4, after which the team will be focusing their efforts on Virtual Reality development and partnerships. Mello is currently in the process of forming further partnerships which will help facilitate the development of other aspects of the Mello vision.
+
+The designers have been hard at work creating conceptual assets, some of which were presented during our AMA in our VR Concept walkthrough.
+
+In case you missed the walkthrough, check it out on their AMA recording. Timestamps for VR concept walkthrough 26:46-29:44 https://www.youtube.com/watch?v=xmLk9PnwCSw&t=280s
+
+In this walkthrough they show tons of stuff!
+
+Slot Machines, Card Tables, Bar area, Sport Betting Area, and more!
+
+
+Website: https://www.mellotoken.com BSCscan:https://bscscan.com/token/0x651bfbb26455294408aabc61a7adf427bf149898
+
+CMC: https://coinmarketcap.com/currencies/mello-token/
+
+Coingecko: https://www.coingecko.com/en/coins/mello-token Coinbase: https://www.coinbase.com/price/mello-token
+It's insane, but the more I'm paying my credit card debt off. The more my cibil keeps dropping.
+
+I had to take one of those restructured EMI's during the pandemic and they won't even let me close those EMI's now. Am I stuck with a bad cibil for the remainder of those EMI's? I've paid off 60% and since then I've been getting terrible credit scores.
+
+Last month my cibil was 716, then a week ago it was 680, and now its at 650.
+
+Im trying to build it but it keeps dropping and nobody will give me an answer.
+# Dance of Darkness: The SEC and Dark Pools
+
+Hello everyone, as requested I am trying again to get this on r/Superstonk so this stays documented, and allows the light of transparency to be shone upon Darkpools, hopefully this time it uploads, and if it does, enjoy:
+
+Hello everyone, thank you in advance for your patience and for reading this thesis on dark pools and the SEC. First, please note that this is strictly not financial advice and just research I have compiled over weeks for entertainment purposes—it's all-public information and not intended to affect the price action of any stock in any way, shape, or form.
+
+The article will be divided into 3 major parts: SEC and the financial derivatives market, dark pools of credit swaps and synthetic shares today, FUD dispersal, and legal ramifications of naked shorting. I was motivated to write this article as a result of two conditions: the ongoing process of appointing Gary Gensler as the SEC chairman, and the revelation of the existence of massive dark pool trading certain meme stocks, in an effort, to bamboozle the retail investor.
+
+\---THE SEC SECTION---
+
+Gary Gensler, the former chairman of the CTFC (Commodities Trading Futures Commission) is currently in the process of being appointed the SEC chairman. Currently, the senate banking committee has approved Gensler at a 14-10 vote ([https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813](https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813) , [https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing](https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing) ), and he will be voted on by the Senate proper in a weeks time on April 12th ([https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/](https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/)) . He is expected to have bipartisan support and to be sworn in as the new SEC chairman. Gary Gensler is extraordinarily hated by Wall Street for a couple of reasons, the primary being that he is a hard-nosed regulator interested in the transparency of the marketplace and democratizing the information within it in favor of the little guy. This fundamentally goes against the closed country club nature of Wall Street, which is shown by the enforcement of the Dodd-Frank Act ([https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank\_Wall\_Street\_Reform\_and\_Consumer\_Protection\_Act](https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ).
+
+The last time Wall Street made a grievous market error was in 2008. This was due to the financial derivatives market and credit default swaps market having a massive correction ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp),  [https://www.investopedia.com/terms/d/derivative.asp](https://www.investopedia.com/terms/d/derivative.asp) ). The financial derivatives market (futures, in particular) was designed by markets to allow farmers, ranchers, manufacturers, industrialists, producers, etc., to lock in prices and mitigate risk in the production and operation of businesses. Thus, the core of what these markets are about is to lock in prices for commodities and to manage risk for the supply chain. Thus, the derivatives market is quite essential to the supply management side of the real economy (the part of the economy where you and I work), as such any meltdowns in the derivatives market further deteriorate our economy; in 2008, this spilled over to the real market—which combined are gigantic markets, estimated at 640 trillion dollars ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp) ) in market capitalization. According to Gary Gensler that represents roughly $22 of hedging for every dollar exchanged in the real economy ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) ); this is from 2010 though, so it could be a lot higher right now. Such futures and swaps are invested in almost every aspect of our lives (food, fuel, mortgages, credit rates, interest rates, etc.). So, given the importance of the derivatives market, it must stay transparent and competitive; this was not the case in 2008.
+
+Due to two things being in play in 2008, dark pools and credit default swaps, specifically CDSs insuring against CDOs composed of collapsing mortgage bonds. As a result of the underlying assets (mortgages) defaulting at a rapid rate, causing the collapse of the bonds, causing the CDOs composed of the bonds to collapse/default in price; causing the CDSs to kick in and insure against the original value of the bond upon inception of the CDSs. This transaction occurred, you guessed it, in dark pools. dark pools will be covered highly in-depth so bear with me, Gary Gensler’s response needs to be analyzed first. First definitions:
+
+CDOs; collateralized debt obligations, think of these as financial products composed of multiple other financial products backed by assets like bonds, collateralized loans, etc. ([https://www.investopedia.com/terms/c/cdo.asp#:\~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset](https://www.investopedia.com/terms/c/cdo.asp#:~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset) )).
+
+CDS: Credit Default Swap; in short, it's insurance against a value of a security in case its value drops. It works by taking out a policy against a security and paying somebody else to take the risk of its valuation falling. This risk is taken off your shoulders, by you paying the other party a premium to maintain the insurance policy (i.e. you hedge against your securities dropping in value). As such, the value of the security you are insuring is safe if you keep up your premium payments, insuring you against risk. Furthermore, if you choose to exercise your insurance, as the value of the security falls, you are paid out your insured amount; if the value of the security rises and you choose to close out/exercise, you will take that loss + premiums ([https://www.investopedia.com/terms/c/creditdefaultswap.asp#:\~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults](https://www.investopedia.com/terms/c/creditdefaultswap.asp#:~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults) ).
+
+Dark pools: Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them ([https://www.investopedia.com/terms/d/dark-pool.asp](https://www.investopedia.com/terms/d/dark-pool.asp) ).
+
+As definitions have been established let us quickly reiterate the chain of events in 2008, and Gary Gensler's response as the CFTC chairman; and how he dealt with dark pools before (meme stock synthetic shares are in dark pools I would speculate):
+
+Banks relax loan requirements to make cash of interest and mortgages-> package those into bonds --> package those into CDO's --> market them as a great investment, while the underlying bonds are absolute garbage (this became garbage around 2006) --> Michael Burry and co notice this and take CDS on them --> wait 2 years, 08 roles around --> the market corrects itself violently where CDS are basically used to wipe out mortgage CDO's; these transactions occur in dark pools, away from the public eye; all the while like right now the media say everything is absolutely fine, you should totally hold onto your mortgage and get it refinanced (sell your meme stocks today, the squeeze is definitely over, you should totally believe us).
+
+Thus, the unregulated swaps market split over into the real economy and exposed everyday Americans to real risk (with meme stocks it’s reversed, the shorter are at real risk right now).
+
+In comes Gary Gensler and the Dodd-Frank Act: [https://en.wikipedia.org/wiki/Gary\_Gensler](https://en.wikipedia.org/wiki/Gary_Gensler) .
+
+Due to the crash, the Dodd-Frank Act was designed to curb excessive market abuses and speculation due to the lack of transparency from dark pools—it had 3 main goals according to the prospective SEC chairman ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ):
+
+i) Bring transparency and competition to swap dark pools
+
+ii) Lower risk
+
+iii) Increase market integrity
+
+As such, according to Gensler, 90% of unregulated swaps and futures were brought from dark pools and mandated to use clearinghouses, so position data could be marked real-time for the public to view.
+
+Furthermore, the Dodd-Frank Act established several other protections ([https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ), these are as follows:
+
+i) Protections against the formation of too big to fail institutions (so Citadel can fail, and everybody will be fine hypothetically), as a failure of any one of them, could negatively affect the US economy.
+
+ii) The Consumer Financial Protection Bureau (CFPB), established under Dodd-Frank also worked to curb predatory mortgage lending, deterring high commission mortgage brokers from closing high-interest loans with high fees; stopping the feedback loop of bad loans being dished out in exchange for high commissions, fees, and interest. It also protects consumers from excessive credit and debit card fees and interest, by my understanding ([https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) ).
+
+iii) Volcker Rule: It restricts banks investing in speculative trading and eliminates proprietary trading ([https://www.investopedia.com/terms/p/proprietarytrading.asp](https://www.investopedia.com/terms/p/proprietarytrading.asp)); moreover, banks are not allowed to be involved with hedge funds or private equity firms considered to be too risky; lastly, to minimize possible conflicts of interest, financial firms aren't allowed to trade proprietarily without sufficient "skin in-game". Furthermore, the Volcker Rule: "regulates financial firms' use of derivatives to prevent "too big to fail" institutions from taking large risks that might wreak havoc on the broader economy" (Citadel may be intimately familiar with this).
+
+iv) Whistle-blower Program: The Dodd-Frank Act also goes ahead and strengthened and expanded the whistleblower program. As such it specifically established a mandatory bounty program (you heard that right, if you hunt down a shill spreading "insider information", that alludes to collusion or any other illegal activities, you get a big fat reward). I'll let the text from Investopedia take this one here:
+
+"Specifically, it established a mandatory bounty program under which whistleblowers can receive from 10% to 30% of the proceeds from a litigation settlement, broadened the scope of a covered employee by including employees of a company's subsidiaries and affiliates, and extended the statute of limitations under which whistleblowers can bring forward a claim against their employer from 90 to 180 days after a violation is discovered".
+
+Meaning, you as a whistleblower can receive up to 30% of the litigation settlement amount if you can provide concrete evidence of collusion (we'll expand on naked short fines in a bit after the in-depth dive through dark pools as promised.); so if you have proven insider information, happy hunting: [https://www.sec.gov/whistleblower/frequently-asked-questions#:\~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities](https://www.sec.gov/whistleblower/frequently-asked-questions#:~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities) .
+
+Lastly, to end this section I'll leave the actual Dodd-Frank Act here in case any legal scholars are reading this and would like to dissect this: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) .
+
+Now going back to the man who enforced this and brought the banks and other bad financial actors under control the last time by busting these dark pools, Gary Gensler. If Gary Gensler is appointed, and if these hedge funds have their short positions in dark pools to dupe the consumer; they will not only be breaking a litany of federal financial regulation laws. Furthermore, the SEC, DTTC, and hedge funds/institutions long on meme stocks (Blackrock) have already started swimming around sensing blood in the water, once Gary Gensler comes in, based on his previous behavior of effectively curb-stomping illegal actors into submission, I can see him litigating Citadel and co (if they are guilty) out of existence and forcing them to close like he did last time as the Future's chairman.
+
+\*Recap for Apes\*
+
+So let us recap, swaps and dark pools were used in 2008 to insure against the financial collapse created by the greed of financial institutions. The reason why we haven't had an exact repeat of 2008 is because of the Dodd-Frank Act; and the enforcer that took out Wall Street Gary Gensler is going to be running the SEC during meme stock chaos; which means the shorts lose their friends in high places that haven't been enforcing the rules.
+
+From here on we shall take a deep dive into how dark pools work, then talk about the hypothetical legal implications of shorter being caught with illegal naked shorts in dark pools; so, let us begin.
+
+\---DARK POOL SECTION FOR APES---
+
+Dark Pools for the layman are exchanges off of exchanges. A growing problem that brokers and retail investors noticed is that if a lot of small-scale orders are going through a relatively large and complicated fee system, for instance with the NYSE ([https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE\_Price\_List.pdf](https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf) ).
+
+Both retail and broker-dealers have issues with this due to a convoluted pricing model; if a certain threshold of clients is reached, internal off-exchange trades can begin—this is the basis for a dark pool. Morgan Stanley ([https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools](https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools) ), Goldman Sachs ([https://www.thetradenews.com/guide/goldman-sachs-sigma-x/](https://www.thetradenews.com/guide/goldman-sachs-sigma-x/)  ) and of course Citadel ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) , closed in 2015 after harsher reporting requirements, go figure), all have dark pools.
+
+This creates a buffer of exchanges, as shares circulating in dark pools can fulfill buy and sell orders to 100% outside of the exchange during normal trading activity.
+
+However, any buffer can be used as an amplifier. As such if a hedge fund wants to make a quick profit by shorting a stock, they lend as many shares as possible; dump them on an exchange and watch as the retail investor tries to “cut their losses''; while spreading FUD by calling in the media, till even the least sophisticated investor sells. As volatility spikes, smart money comes in and the shorts are covered in a dark pool. This allows you to buy shares on a downward momentum, influencing the price immediately on the open exchange. The reverse works for long positions as well, if you would like to dump it at a profit, just sell it off in a dark pool. Cramer admitted to part of the process in an interview ([https://www.youtube.com/watch?v=jIfixbq\_u0Q](https://www.youtube.com/watch?v=jIfixbq_u0Q)), on the dark pools, while not mentioned, it is certainly part of the process.
+
+An illustrate how this might work in an example:
+
+Company A wants to acquire company B ASAP by buying up let's say 30% of shares of company B. Company A, therefore, goes to market maker M to buy shares for them. M then proceeds to start buying shares on the exchange to drive the price up a bit.
+
+Meanwhile, they try to buy up as many shares from the dark pools as possible, to not drive the price up on the open exchange. The price on the exchange usually reflects in the dark pools, but not vice versa (because people look at the exchange prices, shortages in dark pools only show after a slight delay).
+
+If you were to say that a purchase of 5% of the float would drive up the price of shares from B up by 5%, that would mean that after the buy the price would be 30% higher with around 15% higher than the start price average.
+
+That is if people were not to start day trading the shares, which probably will happen.
+
+However: if you were to do the same thing with dark pools you suddenly see that while the price on the exchange goes up, M is suddenly able to buy shares from places that do not influence the share price.
+
+Again, a 5% purchase on the open market equals a 5% price increase. If 10% can be covered over the dark pools, only 20% affects share price, leaving us with an average of about 10% higher than starting price.
+
+This is 5% that was "saved" for M and A. M obviously wants a small fee for the service totaling 2%, which leaves A with around 3% saved.
+
+That 5% came from the retail investor that was not aware of the movements in the dark pools. It costs the retail investor money. It robs you of your 30% gain in that scenario and gives you 20% instead. It costs you.
+
+Remember Crammer stated sentiment is key in pulling the stunt off: ([https://www.youtube.com/watch?v=r07Gg92YjOI](https://www.youtube.com/watch?v=r07Gg92YjOI) )? It would be exponentially by simply getting the order flow, as such sentiment can be deduced without any bias. This allows the fund to take opposites of trades by going short negating buying pressure, either in dark pools or exchanges, as well as directing how the orders get executed. This possible order execution delay has been brought up in Congress ([https://youtu.be/RNgzOr-m6ok?t=89](https://youtu.be/RNgzOr-m6ok?t=89) ). This amounts to a hedge fund/ moneymaker being able to make a small money printer for themselves (Citadel), which we can confidently speculate exits. Furthermore, if Citadel doesn’t like your decision to buy, they can simply take the other side of the trade giving you a shorted share.
+
+This is where Citadel and CFD trading comes in:
+
+Using dark pools, Citadel as a market maker could in theory capitalize on such scenarios massively; furthermore, until 2015 they ran their own dark pool, called Apogee ([https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html](https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html) ) which was decommissioned in 2015 possibly due to increased reporting/transparency requirements ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) ).
+
+By operating Apogee, however, Citadel as a market maker was able to capitalize on such scenarios massively. Since then, Citadel switched to Citadel Connect, which does not qualify as an alternative trading system requiring no reporting.
+
+The best-case scenario for Citadel, if they wanted to short a stock would be to not have shares involved at all or making a contract for difference with you; this means you make an agreement with Citadel to get the current share price at any time you like from them, without ever having to buy or sell the shares. This kind of trading is heavily regulated, however, thus not common. However, they have engaged in similar tactics: naked shorting.
+
+Under Reg SHO 203 b 2 iii ([https://www.law.cornell.edu/cfr/text/17/242.203](https://www.law.cornell.edu/cfr/text/17/242.203) ) market makers are allowed to short a security under a bona fide agreement, meaning without ill intent. As such, to naked short a stock, good faith is pretended to be in effect, from there they buy naked calls from another party they control (Citadel LLC in this case). From here, the equivalent amount of shares are lent out to either "Citadel LLC" or any other party, which are then dumped on the open market. After 3 days, since the “shares” never existed on the open exchange, becoming FTD’s. As FTD status is reached, they simply go to a shell company or “Robinhood” and write ITM call options, exercise them, replacing FTD-IOUs with the ones from the shell. As these reach FTD, the reverse happens, as Citadel IOUs replace ones from their shell. Repeat to infinity and a stock price can be crashed by printing shares faster than the Feds print money (these shares will quickly add up dark pools though and need to be cleared). As institutions bailout, only retail would remain, if retail has no strategy on the security, a run by retail to get rid of the bag happens.
+
+Now what I've said may sound despairing and should get you angry, however, I believe this cycle has almost been crushed, due to apes buying and holding. Allow me to present to you this diagram (the link below contains a flow chart of how dark pools operate within the market):
+
+[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html)
+
+As shown, they can use synthetic share production mechanisms, blatantly creating synthetic shares in a dark pool as a market maker (citadel runs it), making phantom shares using calls, Failure to Delivers, explicit naked shorting (creating IOU's), etc. (there are tons of illegal production mechanisms, most of which we're covered in my old DD's and a quick recap example above. Once they have determined which method they'll use, they target the security, and the flowchart begins. If they use the dark pools, they can theoretically create an infinite number of synthetic shares (they'd have to buy infinite real shares to buy though to cover though if they are a) caught with synthetics or b) get margin called).
+
+Apes for the last months have been buying up all synthetics and creating price floors as you've seen, a hedge fund at this point has 2 choices; cover all the shares (the smart choice), or digging themselves in the hole deeper hoping you will sell creating FUD (Reddit/discord infiltration will tell you when their getting desperate); so they can finally cover, as such if investors keep buying and holding, either more rocket fuel gets added to the rocket or they cover; either-or, doesn't matter what anybody else says.
+
+Lastly here's a list of dark pools that I found that have existed in "the state of play", back in 2014, I apologize I couldn't find any more recent data:
+
+[https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf](https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf) ; (FYI Goldman Sachs has one, and they just got margin called for context: [https://www.youtube.com/watch?v=mP4yaoQll7I](https://www.youtube.com/watch?v=mP4yaoQll7I)  (if your r/wsb YouTube links aren't allowed for sources sorry) due to Bill Hwang)
+
+\*Recap for Apes\*
+
+Now let’s recap, the SEC chairman Gary Gensler is well versed in bringing swaps out of dark pools which caused the last crash and is coming in during the point of the SEC during a speculative short squeeze that will top all other short squeezes in human history (in my speculative opinion), This may cause the greatest wealth transfer in history.
+
+The elites from any society would not like this as it would mean, their status would be tarnished; as such they will resort to any amount of financial war crimes to try to make sure that doesn't happen. However, during the last financial war (2008), Gary Gensler came in and enforced the rules congress passed, this time he's coming in again. I believe he will enforce the rules and bring justice to these financial war crimes again as shown by his record; as such before that happens you will see FUD intensifying (which is already happening, expect more of this); as such if you've been in the game this long, you should know the drill by now.
+
+\---LEGALITIES FOR APES---
+
+Let’s talk legal; if Citadel as a market maker is using order flow, dark pools, and synthetic shares to balloon to the height of being too big to fail, they violate a half dozen federal laws and policies, targeting you the consumer. Let’s go over them (I'm a physicist by training, not a legal expert so I'll link the laws and tell you guys my speculation and let legal experts handle it):
+
+Sources for these laws are coded in this link (I apologize there's a 40k reddit field limit):
+
+[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html)
+
+As stated above, I am no legal expert; however, I will tell you of my understanding of them based on the sources I have read, any legal expert reading this is; feel free to correct me and post them in the comment section below (I want a specific rebuttal based on the legal text though, your co-operation is appreciated).
+
+If a market maker like Citadel, or any other firm that has shorted meme stocks, uses dark pools, collusion, and synthetic shares to try and dupe retail investors that simply "like the stock" and are buying and holding, by my understanding they violate:
+
+i) Anti-collusion and market manipulation laws: By working together with other institutions they are colluding and manipulating the price, that simple.
+
+ii) Naked shorting: Borrowing a security that doesn't exist to shorting is straight-up illegal, and if you are caught using naked shorts the fines can range from $5,128 - $14,887 (USD) per naked short (sources are given in the naked shorting section).
+
+iii) Synthetic share creation: This in my opinion would qualify as a naked short and market manipulation; as not only are you shorting a share that doesn't exist, you are manipulating the market so the price goes down by diluting supply, which also illegal.
+
+iv) SHO rule violations: From the SEC: Regulation SHO requires broker-dealers to identify a source of borrowable stock before executing a short sale in any equity security to reduce the number of situations where stock is unavailable for settlement ([https://www.sec.gov/investor/pubs/regsho.htm#:\~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement](https://www.sec.gov/investor/pubs/regsho.htm#:~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement) ) ; as such if a broker-dealer cannot identify the source of a stock, before a short sale, it’s illegal.
+
+v) Dodd-Frank Act violations: If Hedge funds are found colluding with each other to rig the market using short shares to become too big to fail, that violates the Dodd-Frank Act as it is explicitly designed to stop according to you guess it Gary Gensler the new incoming SEC chairman.
+
+vi) Insider Trading Laws: Trading based on non-public information; in my opinion, this is blatantly illegal as such the debate is black and white; thus illegal.
+
+vii) Order flow payment: The SEC and Congress are currently debating whether order flow payment is legal in the first place; we shall see what conclusion they come to.
+
+This is all I've found so far, but if you find any more illegalities please go ahead and comment down below.
+
+Wrapping up these financial war crimes (their war crimes, because they are explicitly designed to hurt the innocent; retail investors). If Citadel is using synthetic shares to make itself too big to fail hypothetically it would break anti-collusion laws, the Dodd-Frank Act, prohibition against naked shorting, SHO rules, prohibition of Market manipulation, insider trading, etc. (lawyers have at it); as such, if they are caught, would be facing legal and financial extinction (of course this is just speculation by a dude on the internet, confirm it for yourself; if this is true however and can be proven in court, I believe it can be constituted as a financial war crime and should be dealt with accordingly). Furthermore, if you have insider information proving this, you by the Dodd-Frank Act's whistleblower program are entitled to up to 30% of the settlement amount, so happy hunting apes.
+
+If you are reading this on r/wallstreetbets (if this gets on there) this is as far as I can go without it violating the new rules, due to the subreddit’s size; as such, I thank you for reading my work,
+
+List of additional sources:
+
+[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html)
+
+Thanks for your attention, and I hope you have a wonderful day; none of this was financial advice, and purely opinion based on the sources given for entertainment purposes. Lastly, I am not a cat, and like the stock.
+
+If you are still here, this is for subreddits other than r/wsb. We shall begin the meme stonk section for both GME and AMC; let’s dive in:
+
+\---MEME STONK SECTION---
+
+I apologize this isn’t on reddit, however it has an absurd 40kb strict limit: as such I have coded back up links: [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html)  .
+
+Within this link you shall find the full extent of the darkpool arguments and memestonks, as well as evidence of 4.6 billion, and 630 million synthetic shares of GME and AMC circulating in darkpools, while entertaining the idea that this is simply just 1 darkpool, using empirical evidence to show it is not the only one; I hope you enjoy it (This is also my first time modularly coding together blog pieces, so feedback would be appreciated)([https://www.reddit.com/r/amcstock/comments/mbuti6/another\_sighting\_of\_that\_possible\_4\_billion\_share/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/amcstock/comments/mbuti6/another_sighting_of_that_possible_4_billion_share/?utm_medium=android_app&utm_source=share) , [https://www.reddit.com/r/GME/comments/mcpyid/after\_exposing\_the\_525\_million\_shares\_in\_the\_otc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mcpyid/after_exposing_the_525_million_shares_in_the_otc/?utm_medium=android_app&utm_source=share) ).
+
+Going forward this will be a 3 part series for AMC, and 2 part series for GME; you beautiful apes have held so far despite all this and you my friends have nothing but my highest respects, I believe your efforts will be rewarded with Martian tendies sooner rather than later.
+
+Quickly touching on the next piece FUD: the desperation of shorts, will consist of me addressing "mUh gOvErNmEnT wIlL iNtErVeNe aT 500 #trustmysourcesbro", share dilution (in my opinion will not happen, it's a ploy to get the share recounts), the squeeze not happening (total FUD cause math). As DFV said, hang in there, helps on the way.
+
+Recap apes; firstly the crucial point is they most likely owe more than 10x float on AMC, and 13x float on GME hence they're desperate, they are resorting to financial war crimes breaking a dozen laws trying to prevent you from picking up your tendie orders, this happened in 2008 and in case anything drastic happens, memestonks are your insurance and you will more than likely have your insurance policy be exercised, all the mathematical indicators for a squeeze are there, now it's just a when, dark pools are designed to hide the truth and hide intent, and because of those synthetic shares in these pools, they are most likely panicking; lastly when this squeezes, you holds you apes hold all the cards, and you, not the institutions, you determine how this timeline and the future plays out.
+
+\---HIGH LEVEL SUMMARY---
+
+A lot has been covered, let’s summarize. This is a repeat of 2008, but this time we hold the insurance policies, in case this moons. The similarities are quite startling, from the SEC chairman Gary Gensler coming to bust this down, them using dark pools to screw the average person out of tendies, committing financial war crimes in broad daylight to shake apes. Furthermore, the dark pools explicitly showing both meme stocks have been naked shorted by at least 10x, this squeeze is mathematically confirmed, and we are looking at a fallout, how big the fallout will be depends on how big the hole they dug themselves with these dark pools; but in any case, apes hold the insurance policies so I believe we should be chilling, and if we continue to buy and hold we are simply buying more insurance for stonks we like. As such to sum it up in one sentence, their hiding in dark pools, Gary Gensler is starting the hunt and we have the insurance policies.
+
+\---What you can look forward to in this series--
+
+As stated above, this series will diverge into 2 hyper focused parts; one GME focused, another one AMC focused. The AMC series will be:
+
+i) Dance of Darkness: The SEC and Dark Pools
+
+ii) FUD: the desperation of shorts
+
+iii) AMC the climb to 10k and battle of 12008.01
+
+GME:
+
+i) Dance of Darkness: The SEC and Dark Pools.
+
+ii) GME, the journey too Olympus Mons.
+
+\---TLDR---
+
+They’re hiding in dark pools and using ETFs, naked shorting and synthetic shorting to manipulate the market hoping people will sell so they can exit the feedback loop as illustrated; there are most likely multiple dark pools with synthetic shares hence their desperation (+ their overleveraged). These memestocks have become swaps (CDS's: Credit Default Swaps), and those who hold them hold insurance against any financial disturbance. The longer this manipulation continues, the larger the correction will most likely be.
+
+Lastly, I’d like to offer you two links, that I had to develop due to reddit’s archaic code (best crowd communication technology we have so far though):
+
+i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html)
+
+ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html)
+
+In those links, you will find the unaltered cuts of this DD, the first one is edited; however, the Snyder Cut is as raw as it gets. I hope you enjoy them
+
+\---Final Commentary and Thanks---
+
+Thank you for sticking with me and going through this rather long article, the reason why I keep this article long and extensive is because I believe in transparency and integrity. I believe all data should be put on the table, for the reader to determine what they should make of it. I don’t believe in hiding data and guiding people, I believe the average retail person is best suited in making choices that affect their future, as such the data should be transparent and visible. Moving forward, these articles will remain extensive and mathematical in nature; to bring transparency and integrity to the marketplace. Furthermore, I understand there is a lot of FUD floating around on meme stocks, these articles serve as papers that bring transparency, as they are designed to investigate memestonks.
+
+I understand there’s a lot of FUD going around, as such I usually don’t ask much other than a request that you give me feedback and try to break my thesis in the comment section below; however, this time I will ask you to share this on your favorite social media (mine is stockwits) using #DanceofDarkness. I believe a lot of people will benefit from market integrity and transparency so thank you in advance for sharing this. I hope it helps a lot of apes; and as DFV, during congressional testimony, alluded to Hang in there.
+
+​
+
+Here's a quick quote to encapsulate the entire article in my opinion: "You will never do anything in this world without courage. It is the greatest quality of the mind next to honor"—Aristotle.
+
+Finally, to reiterate here's a quick hashtag you may use if you feel like using social media to make this article spread fast: #DanceofDarkness; and the original cuts are as follows:
+
+i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html)
+
+ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html)
+
+Legal Disclaimer: None of this was or is financial advice, this is purely speculative opinion based on the sources as presented in this article—as such, it should be both viewed as and taken for entertainment purposes (i.e. the entertainment of ideas). Lastly, I am not a cat, and I like the stock. Thank you for your time.
+[Korea](https://en.m.wikipedia.org/wiki/South_Korea) actually *halted short selling* during the pandemic.  They implemented the  
+ [World’s Longest Short-Selling Ban](https://www.bloomberg.com/news/articles/2021-04-26/world-s-longest-short-selling-ban-coming-to-an-end-in-korea).   
+
+They are bringing the ban to an end now, but with [much tougher laws in place](http://m.koreaherald.com/view.php?ud=20210406000820) including prison time, $100% fines of the order amount and up to 500% fines of unfair profits made due to naked short selling.  
+
+They are allowing short selling to resume on May 3rd.  [The Korean Capital Markets Act](https://elaw.klri.re.kr/eng_service/lawView.do?hseq=43324&lang=ENG) has been revised to specifically come down hard on naked short sellers.  
+
+United States regulators are watching this sub right now.  They are looking for the information that we are handing them on a silver platter.  We are making their job easier by doing the research and coming up with ideas.  This intense regulator attention to this sub will lesson over time.  Now is the time to shine a bright light on issues, provide evidence, and suggest solutions.  Another thing that can be done is to shine a light on all of the other countries that are doing a fantastic job regulating short sellers and show the US regulators these shining examples.  The time is now and each and every one of you apes, ants, and other creatures of the jungle can find valid information through a google search.  
+
+Good ideas, articles, DD, and quality memes get upvoted to the point of gathering worldwide attention.   
+
+I suggest more apes take interest in DD of how other countries are successfully battling short sellers and bring more of those stories into the light for everyone to see and to consider.  
+
+Dr. T said that apes are making a difference because regulators are passing rules on issues that we have brought to the attention of our community.  Lets keep that rolling.
+
+Korea halted short selling altogether during the pandemic.  What do you think short sellers did to the United States markets during the pandemic?  What do you think the markets would currently look like if short selling had been banned this whole time?  
+
+Do we need to suggest some regulations to US regulators to help protect businesses in the future against crises?  Short sellers pounded on American businesses at their weakest moments during the harshest economic climate of our lifetime.  Countless businesses got pounded into  oblivion and not a single one of them needed short sellers making things harder on them during these desperate times when they are just trying to survive and hang on to their business and employees.  How many jobs were lost to short sellers?  And for what?  So billionaire companies could add to their bottom line?
+
+Korea did it right.  They protected the businesses from the short sellers.  America threw the businesses to the wolves when the businesses were at their weakest and most vulnerable point.  
+
+Naked short selling is absolutely predatory and needs to be abruptly stopped.  Penalties and fines need to be absolutely harsh and prison time needs to be a consequence.  
+
+How did Korea suffer by banning short selling altogether through this time?  Now that's an interesting question.
+
+American businesses and American jobs are being absolutely and mercilessly destroyed just so billion dollar hedge funds can fatten their already bloated pockets.  It isn't right.  And it needs to stop.  Dr. T has been fighting this battle for DECADES and has only *now* really gained a substantial audience.   (Thank you Dr. T for your efforts.)
+
+Every single Ape, Ant, and jungle creature out there can fan this flame for positive change.  You do it with your upvotes, your DD, your comments, and your posts.  You do it by sharing your opinions, sharing articles, and sharing youtube videos.  You do it by coming up with your own original content on and sharing it on any social media.  You do it by making truthful memes, finding and trimming powerful statements made by influential people and sharing those videos.  You do it by buying your shares and holding.  By voting in the proxy vote.  
+
+You do it by helping to educate the newbies and answering their questions.  You do it by contacting Congress and making your opinion known.  
+
+You talk about it. You raise awareness.  You post about it.  You share information with other influencers out there to spread the word about the DD and desire for positive systemic change.  
+
+You all have been doing this and it's absolutely beautiful to behold.  This movement is gaining momentum and more eyes are upon us than ever.  But more than that, eyes are on all of the social outlets out there and news of systemic change is spreading globally.  
+
+I'm not saying we caused Korea to crack down on short sellers, I'm saying that we heard of the news of Koreans cracking down on short sellers.  I'm saying that the global awareness of these injustices is increasing across the globe and we are a part of that growth.  
+
+I'm saying that every upvote matters.  Every single shareholder from 0.X to X^X matters.  Every single Ape matters and every single Ant matters.  Every non-shareholder supporting positive change in any way matters.
+
+You are not powerless.  Systemic change is happening.  If zero individuals engaged in this movement, nothing would have happened except that more and more businesses would have been shorted into oblivion.  
+
+So keep up your energy.  Support systemic change in any helpful way that you can.  
+
+Right now I'm participating by writing this post and upvoting other posts that I feel have merit.
+
+I'm also talking with friends about how to open a brokerage account and giving them suggestions on how to teach their kids about financial literacy and pointing them in the direction of how to get their kids interested in finance and compound interest.  Talk with kids and friends about how retirement accounts work and how easy it is to set one up.  
+
+Systemic change is on the institutional side, but in my opinion it is also on the individual side by increasing the financial knowledge and awareness of those around you.  
+
+Be a good ape and support the apes around you.  Support the ants, the sombreros, and anyone trying to make a positive difference in the world.  They feel your support.  
+
+Now go eat your crayons, and don't forget to share.  
+.  
+
+>!🖍🍌🖍🖍🍌🖍🖍🍌🖍🖍!<
+
+.  
+
+>!💪🐜💪🌮💪🦍💪🌍💪🌏💪🌎👍!<
+Srs question - do you not want your kid to grow up the same as your new rich set of friends’ kids? Do you question if passing down generational wealth is the right move? Is your kid/grandkids not having to work for money something you want to pass down (whether they do actually work is another thing)? Do you fear future generations growing up with a sense of entitlement and not experience the joy of navigating life’s hardships?
+
+Edit: this doesn’t apply just to folks that started off poor but folks that went from middle class to FAT or even well off/comfy to stupid rich
+
+Edit2: So far most of what you’re looking to provide for your kids can be achieved with middle/mid-upper class lifestyles. Interesting...
+This is an extension of [this comment from yesterday's budget thread](https://www.reddit.com/r/IndiaInvestments/comments/ex30at/single_post_of_budget_highlights/fg62g7x/). Per request from few redditors, I'm revising and creating a separate post on this topic.
+
+Union Budget 2020 presented the finance bill, to be passed on Monday 3rd Feb; which introduces new tax slabs. Opting for these tax slabs would mean voluntarily giving up some deductions.
+
+It was not clear from budget speech itself which deductions would remain, and which ones would be abolished. Later, [this memo was published on Indiabudget website](https://www.indiabudget.gov.in/doc/memo.pdf), that outlines in detail which deductions would remain and which ones would go.
+
+I created a quick and dirty [Node JS REPL snippet](https://repl.it/repls/AromaticZigzagPrediction), to test out how this fares for most common salaried folks. My initial calculations made a few assumptions that were later proved to be wrong per the memo, hence inputs to the program would change, and so would the output.
+
+However, I'm more interested in the process, so one can always tweak the inputs and arrive at a different conclusion that's more personalized.
+
+Before we proceed, there've been lot of such comparisons on internet as well as news TV channels. Chances are, you already know which tax slab is better for you and saves you more tax.
+
+[CapitalMind has a sheet that you can play with as well, and an accompanying article](https://www.capitalmind.in/2020/02/budget-2020-lower-tax-slabs-just-an-eye-wash-but-check-for-yourself/).
+
+[FreeFincal has some preliminary write-up, and I'm hoping Pattu would update it when more clarifications are provided](https://freefincal.com/list-of-tax-deductions-in-new-tax-regime-section-115bac/).
+
+Assumptions:
+
+- Salaried, could avail Standard Deductions of 50k
+- 80C 1.5L exemption fully claimed
+- 80D 5k (can be claimed up to 50k) in preventive health checkup
+- HRA 1L (HRA doesn't have an upper limit, and computed as `min(0.4X, R - 0.1X)` or `min(0.5X, R - 0.1X)` where R is rent you pay, X is basic + DA you make)
+
+I didn't add Home loan, because tbh, I don't have a home loan myself, and don't have much idea about what people pay in principal and interest components of their home loan. This script is written in a way, you can add your own home loan deductions, and run it again. If someone can help me out with some sample numbers, I'd be happy to add it.
+
+Didn't add NPS, because it remains even if you opt for new tax slabs. Same with 80TTA savings account interest income.
+
+Now, I'd like to plot some graphs, using results from the script, for people with different backgrounds, at different income levels:
+
+- Case 1: 
+
+   80C - 1.5L / 80D - 5k / HRA - 1L / Standard - 50k
+ 
+  Typical salaried employees, with HRA and standard deductions, along with 80C / 80D. Plotting taxes on the basis of older slabs and new slabs; [we get this](https://imgur.com/qukFAwG).
+
+  Notice that taxes based on newer slab always stay above taxes per older slab. In fact, after 13L or so in pre-tax income, difference between these two lines remain steady and same, and very small compared to original income.
+
+  But what surprised me, is the behavior before 10L. Look at the gap between those two lines in that zone. 
+
+  **Proposed new slabs take aways significant amount of money in taxes, from people in 5L-10L income zone.** If the idea was to give relief to this income group and nudge consumption, it achieved the exact opposite.
+
+  New slabs are marginally better for people with comparatively higher income, 15L+. But it's still worse than Older slab rates.
+
+- Case 2:
+
+   80C - 1.5L / 80D - 5k / HRA - 0 / Standard - 0
+
+   Imagine wives at home, who are home-makers and no steady gainful income. Probably their husbands have a home loan, or can avail HRA, or both.
+
+  However, husband and major children might be using their name and PAN to open Tax Saver FD, PPF, LIC policy etc.; and done in a way, that income clubbing doesn't occur (routed through child or in-law).
+
+  For this hypothetical person, [newer tax is significantly better](https://imgur.com/PlNvDe8). Especially above 10L in pre-tax income.
+
+   But again, such persons might be very small in number. Either they'd find ways to claim deductions, or invest in assets (since their income would be from investments, not salary) that would give them capital gain benefits. Usually housewives like Gold or Gold based products, which has capital gains. Or they are shown as owner of some property, and can claim income from rental property - that has its own taxation rules.
+
+
+In short, if you've deductions to claim, go for older slabs. Newer slabs are not for you.
+
+I know people who are too lazy to do their taxes, does HR investment proof submissions only on the last day etc. But even these people are keen on claiming HRA (they believe entire rent is tax free). And they already have standard deductions and PF.
+
+Turns out, newer slabs don't help them in any way. Even if they don't understand all these computations, they'd always treat this new regime as _the mode that doesn't let me claim deductions_.
+
+And I want to be clear regarding my views - a Govt. should allow some deductions for its tax base. Businesses are allowed to reduce taxable revenue against business expenses. Same for farmers, who get benefits for agricultural expenses.
+
+As a tax paying salaried citizen, I also have some necessary expenses. Commute, staying in rent, schooling children, getting myself life and health cover. It's also in best interest of economy and Govt., that I invest some money for future savings. Keeps markets liquid, and Govt. won't have to be liable for social security of an aged population.
+
+Tax laws can be used to generate tax revenue. Or, it can be used to encourage certain behavior, to make certain changes in economic output of the country.
+
+It seems that Govt. would prefer everyone invests in NPS which benefits life insurance companies, or keep money in savings account, over other forms of investments.
+
+Let's hope this doesn't end up becoming a [window tax](https://www.parliament.uk/about/living-heritage/transformingsociety/towncountry/towns/tyne-and-wear-case-study/about-the-group/housing/window-tax/).
+
+---
+
+
+*EDIT*: Thanks kind stranger for the silver
+I came across Spectra7 while scanning for volume on the OTC markets site and found that in the past few days there had been a bit more action with this company. I wanted to try and find a company to invest in that hadn’t yet really taken off. I have been a lurker for a while and just gained enough karma to post here. I have never done DD to this extent before (nor posted anything like this to Reddit), and thought I would do a bit of a dive and post it here for feedback, and for your information since I have not seen much posted about this company (maybe that is for good reason?). Please let me know what you think. If you think this stock is a no-go, please elaborate to help broaden the discussion.
+
+**Spectra 7 Microsystems Inc**.: Is a high performance analog semiconductor company targeting large, high growth markets in virtual reality (“VR”), augmented reality (“AR”), data centers, and consumer connectivity. It trades under SEV on the TSXV.
+
+The Company’s family of products features a patented signal processing technology used in the design of “active” cables and specialty interconnects which enable longer, thinner and lighter interconnects for VR, AR, in data centers, and for consumer connectivity products. The Company holds approximately 55 patents relating to its products.
+
+**Products:**
+
+**Virtual Reality (VR)** The Company’s next-generation VR products include the VR7050 which the Company believes to be the industry’s first chip capable of enabling lightweight, ultra-thin active interconnects for gesture recognition and motion control backhaul.
+
+**Augmented Reality (AR)** The Company has also developed AR products that provide similar benefit to the VR Products on thinner, shorter ‘wearable’ interconnects.
+
+AR-Connect™ is an AR interconnect product line that is powered by the Company’s patented wearable network signal processing technology. The Company believes its patented AR-Connect™ is the industry’s first integrated cable, connector and embedded chipset product line for AR vision systems and wearable computing devices.
+
+**DreamWeVR™**
+
+DreamWeVR™ is an extensive product line targeted at next generation 4K Ultra-HD and 5K resolution VR and AR platforms for gaming, health care, architecture and business telepresence applications. The product line includes four new chips (VR8181, VR8050, VR8200 and VR8300) featuring SpectraLinear™ technology, new VRspecific connectors and three new head-mounted display (“HMD”) interconnect configurations to support highbandwidth (up to 50Gbps), near-zero latency VR HMDs and AR glasses with reduced weight and complexity.
+
+**Data Centers**
+
+GaugeChanger™ is an innovative and disruptive silicon technology that allows copper to extend much longer lengths without the cost and power penalty of optics that are used in data centers today. It works equally well at 25 Gbps NRZ and 50 Gbps PAM-4 enabling new connector standards of 100, 200 and 400 Gbps. At present, optics are the primary alternative for data centers seeking high speed, at lengths longer than a few meters. GaugeChanger™, however, extends the life of copper with interconnects that are as fast and as thin as fiber, but at dramatically lower cost and power consumption.
+
+**USB 3.2 consumer interconnects**
+
+The Company’s active VR8050 and VR8051 chips are the industry’s first for ultra-thin implementations of USB 3.2 consumer interconnects, reducing the conductor cross section by up to 90% compared to passive cable implementations. Applications for this interconnect implemented with the new Type-C connector include ultra-thin laptops, tablets, mobile devices, solid state disks and wearable computing devices. The resulting ultra-thin cable enabled by this new Spectra7 technology allows the cable to transfer data at supercomputer speeds (up to 10 times faster) with a plug shell or over-mold and cable strain relief dimension that is thinner than the mobile device itself, a critical dimension when implementing Type-C connectors in tablets and smart phones, and up to 90% lighter than passive cable conductors that would need to be much larger in diameter.
+
+**Manufacturing**
+
+Spectra7 outsources their manufacturing. Typically technology is designed and manufactured in North America with end assembly in Asia, with shipping occurring from Hong Kong.
+
+**Overall Financial Performance:**
+
+Revenue has decreased for the three and nine months ended September 30, 3030 by $1.1M and $3.1M respectively (decrease of 79% and 82% over the same periods in the previous year). Revenue and earnings in the past year have been pretty dismal. The MD&A mentions Covid as a possible reason for this decrease. The document also mentions that most of their business comes from two clients. They must be actively trying to increase their customer base and offices in the US, Canada, Ireland and China position them well for this. They have many outstanding shares (>500M) and really need to start turning a profit and getting some consistent revenues (this is a penny stock after all).
+
+MD&A Q3 is here: [http://www.investorx.ca/Doc/2011301512441698](http://www.investorx.ca/Doc/2011301512441698)
+
+Q3 Interim Financial Statement: [http://www.investorx.ca/Doc/2011301510367481](http://www.investorx.ca/Doc/2011301510367481)
+
+Corporate Powerpoint: [http://www.spectra7.com/CorporateOverview-11-13-2020.pdf](http://www.spectra7.com/CorporateOverview-11-13-2020.pdf)
+
+**Latest Press Release**
+
+There was a flurry of [press releases in Q3 2020](http://www.spectra7.com/news) and most recently there were some announcements about [upsizing of private placement and closing of final tranche](http://www.spectra7.com/upsizing-privateplacement). With the net proceeds from the private placement, Spectra7 intends to repay convertible debentures, support revenue growth, pay interest on outstanding debentures and use the funds for other general corporate purposes.
+
+**Management Board**
+
+The Management board is composed of members having been part of the company for at least 3 years. They all have extensive experience in the semiconductor industry.
+
+In July 2020, the CFO Darren Ma resigned. He had been in that position since November 2017. He was replaced by interim CFO Dave Mier, who happens to be the former CFO who retired in 2017 (and had served since 2015).
+
+According to Simply Wall St., in the past year, there have been many more shares purchased by insiders than sold.
+
+​
+
+|Time|Shares sold|Shares bought|
+|:-|:-|:-|
+|0-3 months|0|**13,388,550 shares** Approx. CA$401.7k|
+|3-6 months|**258,684 shares** Approx. CA$5.2k|**3,425,240 shares** Approx. CA$85.6k|
+|6-9 months|0|**52,875,200 shares** Approx. CA$1.3m|
+|9-12 months|**462,091 shares** Approx. CA$6.9k|**40,622,400 shares** Approx. CA$609.3k|
+
+**From** [**TSXV**](https://money.tmx.com/en/quote/SEV)
+
+**Share Price** (as of market close on February 17, 2021) – $ 0.05 CAD
+
+**Listed Shares Outstanding (common shares)** – 592,717,66
+
+**Market Cap** – 32,599,47
+
+**Employees** \- 40
+
+**Ownership Breakdown (from Simply Wall St.)**
+
+**Insider Ownership** – **25.6**
+
+**Institutions – 2.6**
+
+**Hedge Funds – 8.8**
+
+**General Public – 62.7%**
+
+**Investment Highlights:**
+
+\-Large, addressable markets in VR/AR and data centers, which in aggregate are expected to reach over $9 billion in 2023
+
+\-Market leader in the consumer VR/AR market, Spectra7 currently has dominant market share of active copper cable PC-based VR platforms
+
+\-Significant traction in the data center market leading to commercial revenues later this year and driving long-term growth
+
+\-Tier 1 customers and end users include Foxconn, Facebook/Oculus, Luxshare-ICT and Amphenol, among others
+
+\-Capital light business model enables 60%+ long-term gross margins and near-term profitability
+
+\-New, experienced management team has a proven track record with similar semiconductor companies disrupting the cable industry
+
+**Industry Overview:**
+
+Cables – they connect systems together, and connect consumer devices to systems. Copper cabling is ubiquitous and has a very large end market.
+
+**Market Opportunity** – passive copper cables limit applications (can’t transmit high-speed data reliably over long lengths). Optical cables have the ability to carry a large amount of bandwidth over a larger distance and at higher speeds, but they have high upfront costs and can have energy inefficiencies resulting in high energy costs.
+
+**The Solution** – Active copper cables are thinner and lighter than passive copper cables, and are more energy efficient than optical cables, while still capable of transmitting high-speed data.
+
+Spectra7’s proprietary high performance analog silicon solution is the market-leader technology for active copper cables.
+
+**Data Centers** – High growth and high margin opportunity – the market is growing and being driven by cloud services, artificial intelligence, deep learning, 5G rollout, and big data growth. Active copper cable solutions utilizing Spectra7’s chips are used to connect servers, racks and computing infrastructure within a data center. Over 90% of hyperscale data enter interconnects require cables between 2-7 m and can be addressed with Spectra7’s GaugeChanger technology. As data center connection speeds approach 400G-800G, Spectra7’s chips offer up to 10x reduced power usage compared to optical cables. This results in energy savings.
+
+**5G** – Spectra7’s active copper cabling technology can replace expensive optical interconnects. Spectra’s active copper cable supports eCPRI and Ethernet, can extend up to 12 m, can operate in temperatures from -40 C to 85 C, and is lower cost, lower power and lower latency.
+
+**Risks/Challenges**
+
+\- Can Spectra7’s active copper cabling technology gain traction against other forms of cabling commonly used in data centres (e.g., fiber optic)?
+
+\- Will Spectra7 be able to make inroads in the 5G space?
+
+\- Will Spectra7 be able to build up a steady revenue stream and improve its financial situation?
+
+**Moving in the right direction** \- In October 2020, a number of press releases and a white paper were released detailing how Spectra7 is working with Molex, Foxconn, and Luxshare to help deliver cable and connection solutions to clients. Tencent is also currently using Spectra7’s data center technology and is testing more products to use in the next generation deployments.
+
+There is is a place active copper cabling in data centers and 5G infrastructure, and there are other applications for Spectra7's technology like in the VR and AR space. This seems like the ground floor for this company and hopefully they can build some momentum from here.
+
+**Some more information**:
+
+CEO on Tencent Partnership (Dec 2019): [https://www.youtube.com/watch?v=WumQR-bwumM](https://www.youtube.com/watch?v=WumQR-bwumM)
+
+Stock news re: Non-brokered private placement: [https://www.youtube.com/watch?v=Yp9MD8wJgzs](https://www.youtube.com/watch?v=Yp9MD8wJgzs)
+
+Conference talk with good background: [https://www.youtube.com/watch?v=bjbIwF\_mnoA](https://www.youtube.com/watch?v=bjbIwF_mnoA)
+
+Copper and Fibre optics Cabling can work together: [https://www.colocationamerica.com/blog/data-center-cabling](https://www.colocationamerica.com/blog/data-center-cabling)
+
+**My position:** 2000 shares bought at $0.05.
+
+**Investor Relations Inquiries**
+
+I have been in touch with Investor Relations at Spectra7 and here is our correspondence so far. I have asked another question about whether there are any upcoming press releases or contracts. I will update when I get an answer. If you have any other questions I encourage you to send them an e-mail.
+
+**Q: Are some data centers still using copper over fibre optic cabling?** 
+
+A: Yes, In certain cases.. as copper is more energy efficient in short ranges.
+
+**Is Spectra7's technology able to work along with fibre optic cabling? Can data centres currently using fibre optic cabling retrofit to active copper cabling relatively easily, and is this a market Spectra7 is targeting**
+
+A: The ideal Data Centre will have a combination of fibre optic and active copper cables. Fibre optic for fast speeds at long ranges, and active copper for fast speeds at shorter ranges. There is huge cost to retrofit existing data centres because they cannot afford the downtime of the servers, however active copper is a lot more energy efficient which will help save millions in energy costs for the data centre operators. Therefore it is in their best interest to use our products in all cases where they are able to do so.
+
+**Q: Is Spectra7 targeting only new runs and new data centres?**
+
+A: The biggest opportunity is for new data centres, and expansions of existing
+
+Please do your own DD.
+
+Edited for formatting and added Q&As from e-mail correspondence with IR@spectra7.com
+> A Long Island man who only ever made one mortgage payment has deftly used the courts to stay in the house for 23 years — for free, according to legal papers.
+
+
+https://nypost.com/2021/05/01/ny-man-dodges-eviction-for-20-years-living-in-foreclosed-house/
+January holder here. One of my biggest concerns in the early days of this whole saga was centered around the Prisoner's Dilemma. If you aren't familiar with the Prisoner's Dilemma, imagine two people involved in a crime separated in different cells. They both know if they keep their mouths shut they will both go free. The wrinkle is the DA has offered a deal - the first person to rat out the other goes free. This changes the whole dynamic. The only way to *guarantee* you go free is to snitch on your partner. The outcome which will help everyone get what they want is now the riskier path to take. A version of this was depicted in *The Dark Knight* with the two ferries armed with bombs and each detonator was given to the other boat.
+
+The first time I learned about GME, I understood it. This is not my first rodeo in the stock market and you didn't have to explain what a short squeeze was to me, I just needed to see the numbers. The numbers on GME showed what was possible - a short squeeze like the world had never seen before. However, because of the unique distributed nature of this short squeeze by retail investors an enormous Prisoner's Dilemma formed and I was unsure how this would play out. GME is a very unique situation and I don't know of any historical examples like it.
+
+Holding GME stock was like being a prisoner with **1,000,000 other prisoners** anxious to get out and make a quick buck. If a third of them decided to sell, the whole thing could fall apart and we'd all leave empty handed, or worse, broke.
+
+But you know what? I'm still here. And you're still here. Despite two days that had insane price drops and immense pressure on apes to sell (especially those who got in at high prices), we're still holding strong. In fact, many of us doubled down and bought more. It actually gives me hope in humanity that millions can trust others enough to put their own hard earned cash at risk. It's kind of...inspiring.
+
+My sister bought GME at $320 in January. She hasn't sold a single share. Do you know why she hasn't sold? It's because she trusts you. I no longer think about the GME Prisoner's Dilemma because I trust you too. We've been thrown under a giant mountain of weight and told to sell our shares and protect our money.
+
+But the mountain didn't crush us.
+
+It just turned us into diamonds.
+1. **PM Garib Kalyan Scheme:** ₹1.7 lakh-crores package against coronavirus, to include cash transfer and food subsidy for poor and suffering workers and those who immediately need help.
+   1. **Pradhan Mantri Garib Ann Kalyan Yojna:** 80 crore poor people (two-thirds of India's population) to recieve extra 5kg rice/wheat per person (in addition to the 5kg they already recieve) & 1kg of pulse of preferred choice per household for next 3 months. Can be taken in 2 installments.
+   2. **Farmers:** 8.69 crore farmers recieving ₹6000/year annually under PM Kisan Yojna will recieve ₹2000 in the starting of April (first installment of next financial year).
+   3. **MNREGA:** Wage increase benefitting 5 crore families, about ₹2000/worker increase by upping wage rate.
+   4. **Poor widows, Pensioners, Divyangs:** additional one-time amount of ₹1000 in 2 installments for next 3 months, benefitting 3 crore people. Transferred through Direct Beneficiary Transfer (DBT)
+   5. **Jan Dhan Yojna (for women):** Will recieve ₹500 per month for next 3 months, benefitting 30 crore women Jan Dhan account holders.
+   6. **Ujjwala Scheme Beneficiaries:** For next 3 months, 8.3 crore (women) beneficiaries of Ujjwala Scheme will recieve 3 gas cyclinders for next 3 months for free.
+   7. **Self-help groups of women:** 63L SHG groups will be able to recieve collateral free loan of ₹20 lacks (increase of ₹10L from current ₹10L) under Deen Dayal Yojna. Benefits 7 crore households.
+   8. **Organised sector workers Under PM Garib kalyan yojna:**
+      1. Government of India will pay EPF contribution of both the employer and the employee (12% each, adding to 24%) for the next 3 months. This is for all those establishments with over 100 employees, 90% of which earn less than ₹15,000/mo.
+      2. Government of India will amend the EPFO scheme regulations so that workers can draw upto 75% from their contigency fund as a non-refundable advance, or 3 months wages, whichever is the lower amount.
+   9. **Construction workers:** Registered 3.5 crore construction workers will be given benefits from Workers Welfare Fund, currently consisting of ₹31,000 crore. Central government will give directions to the state governments to utilise these funds.
+2. ₹50 lakhs insurance cover for medical personnel.
+3. The central government will direct state governments to utilise the State Mineral Funds for supplementing medical and screening activities necessary to fight the coronavirus.  
+
+
+Edit: Corrected mistyped lakhs.
+#HOLY MOTHERFUCKING SHIT
+
+Gonna make this one short and sweet so all the smooth brains who don’t like big walls of text can take this info in. 
+
+
+🚨STRAP THE FUCK IN🚨
+
+
+President and Co-Chief Investment Officer at Citadel James Yeh
+
+
+James Yeh is President and Co-Chief Investment Officer at Citadel and a member of the Portfolio Committee. James oversees Global Quantitative Strategies, Global Fixed Income and Macro, as well as the advanced analytics that support Citadel’s fundamental equities businesses. 
+
+James joined Citadel as one of the firm’s first employees in 1993, after completing his Ph.D. in Physics at the University of California, Berkeley. James was instrumental in building Citadel’s statistical arbitrage business and pushing the firm’s expansion into new strategies. Over his career, James has led a number of Citadel’s key businesses including Citadel Global Equities and Global Quantitative Strategies. 
+
+James serves as a Charter Trustee of Princeton University and is a Director of the Princeton University Investment Company. He earned an A.B. summa cum laude in Physics from Princeton and a Ph.D. in Physics from the University of California, Berkeley.
+
+
+Take notice of that second paragraph. 
+
+This fucking dude has worked there since the absolute pile of shit they call Citadel was created. He is the next one down from the devil himself. 
+
+Here is his profile for reference : https://www.citadel.com/leadership/james-yeh/
+
+GUESS FUCKING WHAT. 
+
+#HE’S RETIRING 
+
+https://www.prnewswire.com/news-releases/james-yeh-to-retire-after-distinguished-25-year-career-with-citadel-301425841.html
+
+
+#BUCKLE THE FUCK UP
+
+
+#TLDR: PRESIDENT OF CITADEL RETIRING AFTER BEING WITH THEM SINCE THE START AND THIS HAS NOT BEEN MENTIONED ON SUPERSTONK
+It hurts to see this much money gone but covid really made me fall back on my resources.  My next goal will be to sustainably use my cards as needed.  
+
+I'm so proud of you if you're doing this too... you are doing great.  This took me a long time to pay off but a very short time to accumulate.
+hello again!   
+I wanted to start off by saying i know NOTHING about this.  when   i read about it, i dont even know whata it means to say things like large/mid/small cap means, sector growth.. seriously it all sounds like another language to me. I have a little over $50,000 to my name and its all sitting in my checking account. im in my 30s, with a pretty low paying job but i want to invest.. not for retirement but  i want to put my money somewhere it will grow.  after researching reddit ( lol dont  judge me, an advisor is too expensive), i am thinking of putting my money 20% ARKK, 40% VTG and then 40% either VUG/VTI or VOO...  if anyone can weigh in and tell me if thats a good idea or?  sorry to sound stupid, and i appreciate anyone who took the time to read this and help me out :)
+  
+
+Disclaimer: All data shown here is publicly available and can be downloaded and evaluated with the scripts I provide. Please read my previous posts for this. I do not claim the correctness of the data and the source code, everyone is invited to review, repeat and improve the analysis.
+
+**GME is a highly volatile stock:**
+
+As a measure of volatile, the one minute candles between 03/13/2022 and 04/13/2022 were evaluated. For this purpose, the standard deviation of the percentage change per minute was calculated and compared with all Russel 1000 tickers.
+
+Std. of the percentual candle = standard deviation( (close - open)/open )
+
+The following graph shows the results against the market cap.
+
+​
+
+https://preview.redd.it/sj3mus6a59u81.jpg?width=2156&format=pjpg&auto=webp&s=a8244edb12bf05d9ab9e31a26001412bc0ae8dcd
+
+**The volatility is driven by trading volume:**
+
+The volatility can be driven by various factors, but if you take a look at the trading volume, it quickly becomes clear that it plays a decisive role.
+
+As a measure of trading volume, the number of shares traded per minute is multiplied by the opening price and normalized to the market cap.
+
+mean percentage volume dollar = mean( volume \* open ) / market cap
+
+​
+
+https://preview.redd.it/r2dojuzc59u81.jpg?width=2182&format=pjpg&auto=webp&s=a0f41953fa0555209e5c806eba52f9f8d6208169
+
+**Can retail generate this volume?**
+
+**Short answer: No**
+
+Long answer: Retail would have to keep selling each other shares to generate 0.42% of the market cap per minute. To generate such a high trading volume per minute you need both the financial resources and the infrastructure. Retail would quickly run out of money just because of the transaction fees and the spread, not to mention that trading algorithms with the necessary performance and infrastructure are needed.
+
+In addition, retail is clearly a value investor at GME, which is clear from the published DRS figures, for example. In addition, the published data from fidelity show that retail buys both dip and rip. As the following graph illustrates. Data from the wayback archive was analyzed. Each point represents a saved status since 01.01.2021.
+
+​
+
+https://preview.redd.it/gw3qthge59u81.jpg?width=873&format=pjpg&auto=webp&s=a276a10431cd9b224492b35a9463c7dcf2a01fff
+
+**Conclusion: MM, HF, Banks are driving the volume and thereby the volatility. They manipulate the price.**
+
+**How is the price manipulated?**
+
+It is not possible for Retail to provide direct evidence of manipulation as Retail does not have access to the necessary data. The process is not transparent. Therefore, retail has to rely on indirect indicators. An indirect indicator is the correlation between occurring gaps in one minute candles and the outstanding shares. The following graph illustrates this relationship for all Russel 1000 tickers.
+
+​
+
+https://preview.redd.it/8u4gvqtg59u81.jpg?width=2098&format=pjpg&auto=webp&s=e1450c790675d3d102d0130c49708c75705b141e
+
+The proportion of gaps in one minute candles is obviously much too small for the outstanding shares. Note the log scale. Here one can conclude that GME is traded as if it had approx. 10x outstanding shares. 
+
+Put simply: If we did not know the outstanding shares and someone gave us this graph and the proportion of gaps for GME, where would we place GME?
+
+**Challenge for Artificial Intelligence Experts:**
+
+1. load trading data from all Russel 1000 tickers.
+
+2. train AI on 500 randomly selected tickers (exclusive GME) to estimate the outstanding shares based on the trade data.
+
+3. calculate the accuracy of the model on the remaining 500 tickers (excl. GME)
+
+4. determine the outstanding shares for GME
+
+5. repeat the procedure to test the robustness of the model
+
+**Conclusion: MM, HF, banks create artificial liquidity by their market power in a legeal or illegal way (retail has no/little possibility to check it). The statistical analysis of GME clearly shows the deviations compared to other Russel 1000 tickers and proves that only MM, HF, banks have enough financial means and infrastructure to implement this. This manipulation is created by the artificial increase of the outstanding shares by a factor of approx. 10x. SHORTS DID NOT COVER.**
+This is an enormous question but I can't get my head around it. Feel free to answer just a part of it. Summed up: "the logistics, economics and incentives of an individual hongkong protestor on the street." 
+
+* How do hongkongers go 3 months of protesting? 
+
+* where does their money come from? They aren't working! or are they? 
+
+* where does the food come from? fast food workers, sanitation workers, power plants, a big percentage of all of these people - they aren't working! or are they?
+where do they all POOP? all packed together on streets like sardines?
+
+* where do they all POOP? all packed together on streets like sardines?
+
+* why risk all this? is their risk tolerance higher than ours? culture difference? do they feel that threatened by extradition? 
+
+* how sustainable are the protests? will lack of resources cause them to fizzle out ... ever? are these theoretically indefinitely sustainable? what portion of the pop is actually protesting? 
+
+* Why don't American's protest? From my perspective we have just as much or more to protest over. Police brutality, massive health care bills, mass surveillance! People say Americans don't protest for fear of their job which I'm sure is true, but Hong Kongers must have even less in savings/financial security than the average american right.  What economic factors lead to Hong Kongers to protest over what might seem like "minor" things to Americans, that we'd never protest over? (the ability to extradite to china, police brutality).  I heard population density is a huge factor in this? 
+
+I've done some googling but I just can't understand any of this. 
+
+Links, resources, good reading or critical economic analysis of this would be awesome too but feel free to write your own. 
+
+Thanks.
+As the post title says, I’m considering selling all my $O to purchase some growth holdings instead. I’m currently in my late 20s and feel like I jumped the gun on focusing mostly on dividends. I still have a larger hold of $SCHD shares, so it’s not like I’m leaving dividends focused holdings all together.
+
+I’m just wanting to get a second opinion.
+
+Edit: I will not be selling my $O shares. I’ll just buy a small positions of $AMZN and $GOOGL. I was just wanting to get into their rally before their splits happened.
+Huh. Got some mail from a crime scene cleaning company Saturday concerning one of our rentals in Michigan. 
+
+Turns out there was a homicide there last week, part of a murder-suicide. Neither party has been publicly identified yet, so we don't know if it was our tenant, but it's a fair assumption. 
+
+Anyone have experience with The Crime Scene Cleaner, LLC?
+
+**Update 1:** Made contact with the property manager. She had not heard anything, but we figured out that that was likely because the investigating agency was not the local PD, because they are listed as the property manager with the city. 
+
+We've confirmed that something happened at the address Monday. We have not yet confirmed the identities of the deceased, which is actually in question because someone using the tenant's phone texted the property manager Friday.
+
+I'll have more tomorrow. The property manager was out of the office today but said she'd be stopping by the property tomorrow morning.
+
+**Update 2:** And boy is this a fun one. 
+
+The cast: Tammy, the tenant. TBF, Tammy's boyfriend. And Not-Tammy.
+
+As I mentioned, someone using Tammy's phone texted the PM four days after the murder-suicide. She asked the PM to call her about the house after 5, but then the phone "wasn't receiving inbound calls" or something like that according to a recording. Curious. The PM also mentioned that Tammy and Not-Tammy had a kind of a time-share going with TBF, and whoever got TBF that week or whatever also got the house.
+
+Yeah.
+
+So anyway, the deceased female is apparently Not-Tammy, because the PM actually made contact with Tammy. TBF apparently killed Not-Tammy (and the dog, the bastard), then took off somewhere and killed himself. Tammy is not staying in the house, and gave notice as well. I'm fine with that. 
+
+Apparently, we don't have any keys to the place because when Current PM took over from the last PM, keys didn't get handed over. I think TBF's family has keys. TBF's car is still there, and there's personal property to get returned to both TBF's family as well as Not-Tammy's family. We're changing the locks today and PM has a mitigation company that'll at least take a look to see how bad it is. The cops have Tammy's phone right now; that's why PM couldn't reach her that way. Don't know if she's somehow a suspect in any of this.
+
+What a freaking mess.
+Rent increase by **$50pw** ($217 per month) due to interest rate rises 
+
+*I am not salty I can manage the expense, but just wanted to add light to the conversation of inflation, interest rate and landlord passing expenses*
+
+https://preview.redd.it/7whs96n3u1d91.png?width=1453&format=png&auto=webp&s=8df42c72bf601fef8053285e4db4e37bcf11d14b
+Think you are FI and will never go back into the corporate rat race?  Think again!  Getting back in after a long period out of paid traditional work will make you stale and not marketable!
+
+Back when I was working full time I worked in Human Resources and spent about 40% of my day in recruitment, selection, and placement.  I worked with countless hiring managers to help fill a number of clerical, technical, blue-collar and white-collar professional jobs in Finance, Accounting and STEM areas.
+
+On a somewhat regular basis, we had male job applicants who were out of the job market for 1-5 years.  I called them for a phone screen and they told me they left the corporate world to travel the world and retire early.  But for a number of reasons they decided to get back into the corporate rat race after a long time out of the workforce.
+
+I wanted to give them the matter of the doubt and found many of their stories and background to be very interesting.  But almost without exception, the hiring managers did not want to touch any applicant who had not been in the workforce for over a year.  They were seen as stale, lazy, eccentric and unusual. I kept pushing for the hiring manager to be more flexible but usually got nowhere.  The only time these workers had any luck is in a career field with a shortage of qualified workers.
+
+This experience told me that unless you are special, if you leave the workplace for over a year, expect a long hard search if you attempt to get back in.
+" Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 23, when the grace period ends for its first missed bond payment. On Tuesday, the company missed a third round of payments, bondholders confirmed to the ­Reuters news agency, intensifying investor jitters" . [source](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html)   
+
+
+Other real estate giants are also set to default and are currently missing bond payments like fantasia [source](https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/)  
+
+
+Seems the entire Chinese real estate market is in trouble.
+
+So, NOW we will see who the creditors to Evergrande are, and what the rippling effect of this house of cards on the financial industry will be and especially on the Chinese economy.   
+~~Perhaps the price of Bitcoin is being manipulated recently to highs, in anticipation of the collapse of Evergrande and the end of tether stablecoins?~~
+Everything just feels off, high inflation, elections coming up, China housing bubble, pretty poor earning...yet everything is going up. Seems like a massive bull trap.
+
+Anyone else in the same mind or are we really on the way up again?
+
+Edit: I feel like I need to clarify, as I'm receiving hateful DMs for some reason? I never mentioned my portfolio or my positions, you've just assumed I've sold.....the purpose of the post was just to get a bit of an overview on market sentiment... thanks
+
+Edit 2: starting to really enjoy the conversation now, some meanfuly responses with new information to consider. I would say around 20% saying bullish, 20% saying bearish and 60% saying it doesn't matter, DCA.
+
+Thank you to everyone that engaged in polite discussion.  😊
+1. After putting in your orders to sell puts or calls, **ALWAYS place a BTC(Buy to Close) for $0.01 that is Good Til Cancelled**. This is just good practice as your order can get filled due to IV crush or someone(retail/mm/algo) sweeps in and decides to sell it to you for a penny for whatever reason. You can adjust this amount later.  Some brokerages do not charge a commission for buying back the option when it's a small amount.  If your order gets filled before expiration, that will free you up to sell more options.
+2. The option buyer has the right to exercise up until 2:30PM PST on Friday.  **Friday market close does not mean all OTM options expire worthless.** You can still get assigned After Hours and get notified over the weekend. This risk is greater if there is earnings AH or a black swan event(eg: FDA Trial fails, CEO dies, lawsuit, SEC investigation, etc.).
+3. Early assignment risk is real. **EVEN IF YOUR OPTIONS DO NOT GO ITM YOU CAN BE ASSIGNED EARLY.** This is especially true if the underlying stock pays out dividends and the option approaches the ex-dividend date. If the math works out it can be advantageous to the option buyer to exercise.  Even if the math doesn’t work out, the option buyer always has the right to exercise anytime they like.  This is rare, but it can happen. Always monitor your positions especially if you are going with a multi leg strategy like an Iron Condor.
+4. Keep your portfolio diversified. Do not be 100% in 1 high IV stock. The returns can be juicy for weeks, even months, but protect yourself and keep the portfolio diversified. You never know when a stock turns against you.
+5. With great power comes great responsibility. Selling options using margin buying power can be very profitable since you do not pay any interest and you are leveraged. But keep an eye on your positions. Brokerages do restrict certain securities from being sold on margin and can change what gets restricted anytime. You may initially sell a meme stock on margin only to find out the brokerage later restricted it. My advice is to avoid meme stocks on margin.
+6. Remember that **the premiums you collect are premiums for a reason.** There is no free lunch and you are accepting the risk that is carried for that premium. For eg: back when GME was almost $500, if you sold puts at a $50 strike thinking being 90% OTM was safe, think again as GME dipped down close to $40 a few weeks after. Granted, if you wheeled it or just held onto the shares that you got assigned you would have been profitable a few weeks later, but if you paper handed you could've been down a large amount. Monitor your positions regularly or setup alerts for your positions.
+7. If you sell puts and the underlying stock price starts to go up, the value of your put usually goes down but it can work against you and go up when the IV is expanding. Vice versa for calls.
+8. And remember, **it's just money**. Don't let it affect your health or sleep at night or let it affect your attitude toward others.  It's not worth it if it is.
+Realistically, aren’t they going to do this very slowly not to spook markets?
+
+Further, will a gradual increase of 0.20 per quarter or whatever that big of a deal?
+
+Hasn’t this happened before, and there wasn’t really a crash but a temporary correction?
+
+Thanks.
+I live in the sun tax state. I moved here about 5 years with my then girlfriend, now wife. Both early 30s
+
+I was a founding member of the startup I work with, and we’re getting close to exit. Depending on the final deal I could be looking at a low 8 figure payout.
+
+The 15% tax hit…will be brutal. So if course we’ve considered moving out before the payout 
+
+But my wife and I love it in CA. We like the lifestyle, we love the nature, and have a group of friends. I can’t necessarily see this being our forever home to raise kids but for at least the next several years we’re content after many years of moving around.
+
+As I understand I could be screwed anyway even if we move to a low tax state. The FTB apparently loves to chase people getting big payouts who leave. And if they chase you, they’ll fight you for every dollar even if you have a strong legal position that the move was legitimate. They just have to claim the equity was “earned” in CA.
+
+We have no real estate or other major assets here here. Just a car we share between us.
+
+As I understand if we move this year and we exit this year, the split tax return could trigger alarm bells with the ftb. But if we moved this year and the exit happened next year…they may never know .
+
+Any words of wisdom?
+This group tends to be full of stories of folk wanting to increase their salary/wealth/net worth.
+
+So here's something I hope you might find a bit refreshing.
+
+Lockdown and the pandemic gave me an opportunity to reevaluate what the hell i was doing with my life and I decided to retrain so that I could start over in the world of financial services.
+
+Just accepted an entry level position in London which is a 40% pay cut.
+
+I have a mortgage and a dog. I refused cash from my parents to help me. I've done the sums and can make the salary work for the first year by which time I should get a small bonus and a raise.
+
+This group is called Personal Finance...money is personal, and unique, to everybody. And for me right now, it's really just a tool while I try to further myself, not my salary.
+
+So if you're reading stories on here from high net worth individuals and comparing yourself, just do you. Cheesy, but true. Look beyond what money can do for you and focus on what you can do with your money.
+
+I've got a year of knowing exactly what money I have to spend on everything. And it's quite liberating knowing that it's just going to have to work. No buying crap I don't need. Making the most of simple things. No luxury holidays for the 'gram photos. Years ago, money was holding me back because I was chasing it, and chasing what others had.
+https://www.washingtonpost.com/news/the-switch/wp/2018/03/18/facebook-may-have-violated-ftc-privacy-deal-say-former-federal-officials-triggering-risk-of-massive-fines/?utm_term=.4f207c85d2f5
+
+>Vladeck, now a professor at Georgetown Law, said violations of the consent decree could carry a penalty of $40,000 per violation, meaning that if news reports that the data of 50 million people were shared proves true, the company’s possible exposure runs into the trillions of dollars.
+
+Obviously, a fine of over a trillion dollars is extremely unlikely, but the fact that that is even a possibility or a though on the table is nuts. Regardless, this should hit Facebook quite hard, not only from a fine perspective, but also from the perspective of trust from advertisers and users as well.
+It’s so secret rock bottom rates resulted in record mortgages by home buyers, but what are the long term effects on banks?
+
+Record high inflation probably won’t last forever *knocks on wood*, but it has to get down to at least 3-3.5% for those banks to even begin to see real yield on the loans consumers secured between 2020-2021.
+Since my first post that was almost 11 weeks ago raising concerns about the “upcoming” dapps on Cardano, there have been no news on this.
+
+I was not only personally insulted in PMs, called a FUDer and an liar by the vast majority of Cardano holders, but was also told that Cardano dapps would be running 1 week after Alonzo Fork and dexes like Sudaeswap and ERGO would be fully functional any “moment” after the Alonzo Fork.
+
+So, are there any news about that?? Did the concurrency problem get resolved? If yes, why are there no functioning dexes on Cardano yet? Can someone from the Cardano community enlighten us please?
+I know a little bit about the housing market but not enough to answer this question and I would rather ask this sub Reddit than Google. In the big short (movie) they called this someone bring drunk or asleep at the wheel. I asked a friend of mine who works for the ATX government and he said in a normal world the value goes down but we no longer live in a normal world. hoping to learn more from anyone who would like to answer the question and thank you in advance.
+If prices double because we printed 2x as much money why don't don't wages double with it so everything is the same? Like if money is just a representation of value. If a table cost 100$ but now there is 2x as much money so the money is half as valuable but the table still has the same value as before the money just became less valuable so now it's 200$. Why don't wages do the same thing?
+What happens to the prices of everything when developing countries eventually, well develop? What happens when someone is South East Asia or Africa expects a wage on par with europe? Will production become economically nonviable due to the cost of labour? What happens when we can't do something absurd like [this](https://scontent-lhr8-2.xx.fbcdn.net/v/t1.6435-9/117167359_3277221622360134_4357135514309944953_n.jpg?_nc_cat=106&ccb=1-7&_nc_sid=730e14&_nc_ohc=-WajjhhvwVEAX9bA8fz&_nc_ht=scontent-lhr8-2.xx&oh=00_AT8jnU1-l3IJWk5aKSnn1GXMogsHTqz1XVxp6NA6ZnJGVQ&oe=62F1D2CD)
+Hi, I'm currently debating between putting money into QQQ and/or one or more of the ARK funds (have not decided on which). I have already set up contributions for my 401k (100% FXIAX) and my Roth IRA (100% VTWAX), and would like something to invest in a taxable account that's even more aggressive than the retirement picks. I'm fresh out of college so I have a high risk tolerance. What would y'all recommend? I'm interested in getting greater exposure in tech, but I'm assuming an ETF is still "safer" than outright buying a stock like Tesla? But what about an individual stock like Google? Thanks.
+Sup Apes
+
+Elliot waves guy here doing my best to give you your daily dose of confirmation bias before the market opens!
+
+Not financial advice, I do unimaginable things with the crayons I get when I ask for a kid's menu at restaurants.
+
+**NON NEGOTIABLE: PLAY THIS AS YOU READ** (This song slowly builds, idk the vibes feel right [https://www.youtube.com/watch?v=bvBfiRWLj\_0](https://www.youtube.com/watch?v=bvBfiRWLj_0))
+
+HAPPY FUCKING FATHERS DAY TO ALL YOU PAPA SILVERBACKS OUT THERE!!! If you're drunk from the day's festivities, this read will be even better.
+
+This might be a shorter post, I don't have too much to say as of yet other than I'm FUCKING JACKED 🚀
+
+First off, I'm sure you all have seen the posts regarding bank stocks following and how we can potentially use that as a predictive indicator in terms of GME stock price. Great work here if you missed the post: [https://www.reddit.com/r/Superstonk/comments/o42bfm/big\_banks\_lost\_a\_lot\_of\_value\_on\_january\_14th\_but/](https://www.reddit.com/r/Superstonk/comments/o42bfm/big_banks_lost_a_lot_of_value_on_january_14th_but/)
+
+Let's take a look at the banks last week:
+
+[OOOOF](https://preview.redd.it/vqt6zzy8ji671.png?width=2802&format=png&auto=webp&s=0e482ac603a8601e6d2988e8ac7e1475473c5140)
+
+This might be one of my favorite screenshots of all time. Let's take a look at the banks back in the middle of january and see if that had any correlation to GME goin bananas at the end of January.
+
+[death to big banks](https://preview.redd.it/eb9h44rgji671.png?width=2806&format=png&auto=webp&s=d45dcd5616c6db3ab3d85698ad1f65b9c31dc424)
+
+Given that GME's run peaked in the end of January, the conclusions that I draw from that are the banks hit a low around GME's peak. Granted, there were many outside factors at play back then, so this is all speculative. However, Let's look at GME in january now, pay close attention to the dates on the bottom and compare those to the banks above:
+
+​
+
+[squeeze for ants](https://preview.redd.it/jg73y59tji671.png?width=2770&format=png&auto=webp&s=0af347858b726f3fe3104a2339cd794cc2412543)
+
+​
+
+just from eyeballing, we can see that the banks seem to find their "bottom" as GME begins to lift off. Does this mean the banks will go to zero before GME squeezes? absolutely not, please don't think that will be the case. HOWEVER, we can assume that the financial sector and GME have some sort of inverse relationship, simply based on the erratic price action between the pairs.
+
+This time around, I'm expecting banks to continue to fall as GME rises. Can't halt buying this time around!
+
+​
+
+I haven't charted out the bank stocks because frankly I don't really care, I want the major banks at 0 personally, wouldn't pay a penny more to hold that garbage (all my homies hate the financials sector)
+
+Alright, so we can *seemingly* use the falling stock price of banks as a predictive indicator for upwards GME price action. Do note, I didn't conduct any significance tests or anything, this is all simply from comparing candle charts and looking for similarities/differences.
+
+​
+
+Speaking of comparing candle charts, something super interesting was brought to my attention in a group discussion, big shoutout to u/roman_axt for the hard work you ultra wrinkly brained primate. Below are images of GME and the movie company, courtesy of u/roman_axt as the arrows are drawn so the smoothest of brains can interpret what tf is going on. Do note, these are from about a week ago, so not all candles are up to date (if it even matters)
+
+[movie company](https://preview.redd.it/k6na9x1ali671.png?width=1642&format=png&auto=webp&s=b76c79799b8653e2f7a1abd4519511f3ec4de0d9)
+
+​
+
+[GME](https://preview.redd.it/vsbpkxlqli671.png?width=1652&format=png&auto=webp&s=968f2fdef4407b30ca589c9c7b6ad887dec9fc4e)
+
+The reason I bring this up is because some of my friends in the trading world (that only trade off price action mind you, they don't really understand the whole GME saga) noticed this as well. It APPEARS that the movie company and GME not only move in a somewhat similar/predictable pattern, but GME seems to be lagging behind by about 2 or so weeks. Do note, this is just an approximation from eyeballing, please take this all with a grain of salt and remember I am retarded.
+
+Here is a view sent to me by one of my good friends who noticed the same fishiness occurring (from mobile thinkorswim):
+
+​
+
+[moveee stonk](https://preview.redd.it/uq7aosflmi671.png?width=457&format=png&auto=webp&s=a068716cd483c2b6793e4d54d98ed2e1f852c613)
+
+​
+
+[gAmEsToNk](https://preview.redd.it/1xw8lktmmi671.png?width=457&format=png&auto=webp&s=ad27d18e0a9739aa32ec178e69b29a6a39f9dc4f)
+
+now what REALLY has me jacked is the pattern lines up from a few weeks ago, when the movie stock was trading for sub $16/share. It then ran to upwards of 70+. I was able to predict the movie stock's relative high's and low's using EW as well, which I've gotta say is actually super exciting. I own none, BUT it worked on a seemingly "impossible" to time stock. Idk about you, but I don't believe in coincidences.
+
+Disclaimer, I hodl ZERO of the movie stock, I have always believed it was a distraction. the fact that the media is talking about it should tell you enough.
+
+Now let's tie this assumption into my GME elliot waves analysis, try not to get too jacked:
+
+[4hr](https://preview.redd.it/04006jafni671.png?width=2812&format=png&auto=webp&s=eb668952f63ba29226abd0855cbecd476b479466)
+
+As stated time and time again, we are in a 3 within a 3 within a 3, which is quite literally an elliot wave trader's wet dream. This setup is valid down to about 113, so I wouldn't worry about "is the structure still valid?" yes. yes it is.
+
+This is literally as bullish a setup you can get, all we need is a match to light the fuse. Our cycle 3 (white line) is targeting at the MINIMUM 440, though I would love to see the 1.618:1 ratio hit, as is most common for wave 3. This puts GME at roughly 582, though remember this is all pre squeeze.
+
+As always, the motto is simple. Buy hodl, sell for life changing money (not no 10k/share bullshit, 8 figures/share is life changing in my eyes, and that's just my floor).
+
+I'm not saying we will break into the 400+ range this week by any means, but  man the stars are aligning for some crazy shit to go down. I'm fookin jacked m8.
+
+Lastly, let's take a look at SPY and the VIX, as we can use each as  a tool to gauge not only sentiment, but potential fuckery before it happens. In my post regarding the SP500 and GME, I brought up how In the January squeeze, SPY took a fucking HIT as GME broke into the hundreds for the first time ever. Here's my view of SPY:
+
+[4hr](https://preview.redd.it/tg53oi4ioi671.png?width=2830&format=png&auto=webp&s=fb523f927bed85a65d2e1a43b2b000295e84d8bf)
+
+NGL, SPY is kind of in no man's land right now. I'll have to see how we open to have a better idea of where it's going. By all means this COULD be the beginning of our long awaited bear market, but it could very well form an impulsive wave 1 to the upside to make for a final push to around 430 before shit hits the fan
+
+My OWN PERSONAL THESIS is that we will see the markets pumped to valhalla 1 last time to try and draw as many "suckers" in so wall street can offload the bag at the peak. Put yourself in their shoes, seems like a logical play to strike fear into everyone, then prop the markets up a bit longer to make everyone think its okay, then proceed to dump the bag on them
+
+Lastly, the VIX, the fear/volatility indicator:
+
+[VIX](https://preview.redd.it/58x900k3pi671.png?width=2802&format=png&auto=webp&s=5ee14be1a71b82ca0ab2cde627b5e47467dad7f5)
+
+Finished up 16% on friday? spicy. In one of my posts I mentioned how we can use the VIX to gauge when GME will potentially do something erratic. just compare the spikes of the VIX and GME, you'll see there's at least some correlation there. I mean shit, end of january? Clear as kenny's "for sale" sign on his marked down penthouse that he suddenly is in a rush to sell. wonder why? (I think it sold actually lol, even funnier).
+
+I'm preparing for the best while always expecting the worst. I'm never disappointed this way and always excited, 10/10 would recommend.
+
+June 30 is the end of the grace period for banks, worth noting. I'm expecting the VIX to FLY when that happens, though again, pure speculation.
+
+TLDR: worth the read. Banks falling is a potential indicator that GME will do some crazy shit, GME also *appears* to be lagging behind the movie stock. That part is pure speculation, but speculation is part of the fun part no? (Sorry the song doesn't fit perfectly, you'd be surprised how much time i spend trying to link a fitting song lol. as long as you're jacked, i consider this a job well done)
+
+​
+
+Now Imma go get high af so I'm well rested for MONDAY🚀 🚀 🚀
+
+​
+
+edit: funny story cause y'all are fam, I went to the porsche dealer yesterday to test drive my post-moass whip, and the salesman googled me before I came in to make sure I wasn't some degenerate looking to crash their pristine GT4. I get there, and the salesman said he googled me and knew me as the elliot wave guy. Simulation confirmed. during the drive we talked about trading, I showed him my wave count, hopefully he got some GME. idk, random. Thought I'd share cause I thought it's a nice story. This movement is bigger than we can comprehend. EW guy is in the bio of my socials, so he put 2 and 2 together after googling my real name.
+
+Edit 2: proof I went and they let me drive the gt4: https://imgur.com/a/uzTn3OR
+There's several scaling solutions in the works (for both the main chain & off-chain), nearing completion, or recently implemented:
+
+Sharding
+
+Proof of Stake
+
+Generalized State Channels
+
+Plasma
+
+Raiden
+
+TrueBit 
+
+
+**What many fail to understand:** 
+
+Application devs will be building atop/integrating their scaling solution(s) of choice.
+
+**There is no centralized 'be all end all' scaling solution.**
+
+It's a Darwinian meritocracy & combination of co-existing scaling solution options. As it should be. 
+
+........Research has shown that the more volatile a security or an asset class, the more money is lost due to the behaviour gap. How does an investor then avoid this? We have written in details about the behaviour gap with tips on how to avoid it here, but here is a quick and handy list - 
+
+1/ Don't overtrade. As the saying goes, "I helped put two children through Harvard—my broker's children." Most brokers will nudge you to churn as that's how they make money. 
+
+2/ Don't chase performance. 
+
+3/ Discuss with 2 - 3 non-vested people before you invest. Friends will agree easily, so they don't qualify. 
+
+4/ Do not check your portfolio daily. It will lead to over-trading. New trading apps are designed like that. 
+
+5/ Whenever you feel itchy for action invest a small amount. This is my favourite. I invest Rs 100 in an index fund. Satisfies my urge for action and doesn't make any difference to my long term goals. 
+
+6/ You Only Live Once is false urgency It can be used to justify both doing or not doing something. For example "YOLO, buy $GME." or "YOLO, why bother with $GME" - both sound compelling and are equally bogus!
+
+Happy investing, 
+Gaurav 
+CEO | kuvera.in
+Editing to add:  well, I woke up to more responses to this than I was hoping for.  Wanted to thank people for that and really appreciate the advice and perspective they’re providing.  I have not done what a lot of people suggest to do in terms of investing more in myself re trainer, meal prep, etc., because I’ve always had a very hard time justifying those kind of expenses.  But I’m going to try very hard to reset my perspective on that.  And I hear everything else loud and clear.  So thanks to those taking the time to respond.
+
+I'm 37, married, one kid.  Senior associate in a large law firm, potentially on the precipice of making partner (I should hear one way or another definitively this year and all messaging has been good, though you don't have shares until your signature is dry on the partnership agreement so I'm not taking anything for granted).   
+
+I substantively like my work. I have a lot of autonomy and responsibility, etc.   And, of course, the pay is quite good ($500k+ right now, factoring in base pay and bonuses; that'll be north of a million by my second year as a partner, if I do make it)--transformational, life-altering money, no question.
+
+Biglaw hours are notoriously long and there's no clear "off" switch.  I don't have the grueling schedule that some people have in biglaw, but it's definitely long hours and I definitely feel it in terms of being able to "be there" with my kid.   
+
+My health is terrible and has gotten much worse with COVID--very overweight, probably drink more than I should, etc.
+
+I don't have any realistic exit options that have any meaningful level of pay.    I have a specialty (that I won't get into) that just doesn't translate to in-house work.  Maybe--maybe--government, but that assumes a gig is open and able to be applied for.  Even other firms aren't really an option--only a handful could support my practice and there's very little chance it would help anyway--I love the people I work with at my firm and have a presence that it would make no sense to reset for what would very likely be a very similar end state (or potentially worse). 
+
+Depending on how you measure net worth--whether you include home equity ($600-700k or so?), money saved for kid's college (around $150k), tax-effect gains, etc.--we're hovering around the $2M net worth mark.  No debt--despite it not being the right mathematical choice and having cost us a metric ton of market returns, we paid our house off.  I'm terrible at tracking our spending, but it's probably in the $80-100k/year range, probably lower than that now (we finished paying off the house at the end of last year and I haven't really re-calculated our burn rate).  We're not "frugal," and I can think of plenty of ways we could grow into a larger spending amount (food, drink, travel, etc.)--while we've been careful to save our money, this isn't a situation of not knowing what to do with money.
+
+I'm just... struggling.  My job isn't terrible by any stretch--I love 90% of it--but it's grinding.  The financial rewards of having stuck with the partnership track are imminent, and they're immense--more money than I ever dreamed I'd have, the ability to provide my kid with a life I never could have dreamed of being able to provide when I was growing up in vastly different circumstances:  fatfire level within 5-10 years without even breaking a sweat, generational type of money.  But for now, the money we do have would not sustain our lifestyle if I just walked away from all of it (esp. since we haven't adequately funded college yet), and I have no real exit options.
+
+I have to imagine people here have run into similar walls and found some way or another to power through it.  Any thoughts or ideas of how?  I try to think about the life I'll be able to provide for my family to get me through, but it's just not clicking anymore, despite not having a viable alternative.
+So I’m 32 years old and have been investing since I was 24. Essentially I’ve been taking the S&P 500 index fund route for the last 8 years ($1k per month while I pay down student loans).
+
+My wife and I will finally be done with our student loans in December of this year, and as such will be increasing our monthly contributions significantly.
+
+We’ve always talked about retiring early, and have begun planning how to save up a large enough nest egg so that we can live off the interest/dividends in perpetuity.
+
+She’s mentioned investing into the dividend aristocrats ETF. However, we’re both high earners and don’t need the cash. And as I understand, re-invested dividends are still treated as taxable distributions. The amounts we’ll be investing are much too high to be in any tax qualified account.
+
+So my question is what benefits are there to dividend investing in our brokerage account versus staying the course of index investing and lowering the tax drag, converting to dividend aristocrats when closer to early retirement?
+
+In case it matters we’ll likely be investing at least 20k per month, so imo the tax drag could be significant as opposed to the index fund.
+
+Any advice would be very much appreciated. First time post, long time lurker
+Title says it all. I'm curious as to why they have been sort of the butt of a lot of jokes it seems with many. Additionally, I'm also curious to see others thoughts on Anarcho-Capitalism and figures like Hoppe. Thank you!
+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)
+It's not because I want to live life to the fullest, or explore the world, or to become a better person. ITS BECAUSE I HATE EVERY JOB IVE EVER HAD. Im very similar to the guy from Office Space. Just thought I should share my FIRE testimony.
+So, first off, you might be wondering, why sell now? "This cycle still has months to go! ETH will hit $10k! BTC will hit $100k" - well, maybe you're right (now that I've sold, you're probably right!), I actually do believe that the market still has a few months left in it, after all, we bounced back pretty well after this recent dip, but, I had a goal and I have to stick to that goal.
+
+For me, the goal when I bought in at 2017/2018 was paying off my mortgage (with of course enough to also cover any tax)
+
+I know that most users here have only like $500 invested, so, it's easy to scream "HODL!" but, believe me, once you get close to your goal, those dips become scary. For me, the weekend "dip" wiped off $40k in value. That $40k meant not paying off the loan, "damn, i was so close," I thought.
+
+And here's the thing, I've been just above the goal for a week or so, but I held because I got greedy - I bought into the hype. That 'dip' was a nice little reminder, "don't get greedy, stick to your goal and sell", so I waited for the dip to rise as best as I could and for the goal figure to be reached again (luckily this happened) and I sold.
+
+# Some history and lessons learned along the way
+
+I've been interested in crypto for many years, so I'd like to reflect on that time and put the lessons learned from each phase into a simple table here for y'all:
+
+|Year|What happened|Lesson learned|
+|:-|:-|:-|
+|Somewhere around 2010-2011|I remember talking to friends about BTC hitting $1 USD. They were skeptical and I didn't look into it further.|Learn and read more, don't listen to others.|
+|2012|I looked into buying on Mt Gox but decided against it because it would mean sending personal information to Japan - I decided this was too risky.|Sometimes, you have to take a risk. Back then BTC was worth hardly anything, but my concern was a shady company in another part of the world having my passport details.|
+|2013-2014|After some time away from PCs, I built a machine and decided to try some mining. I joined mining pools (like Nicehash) that later exit scammed and lost funds.|Not your keys, not your crypto. I kept my mining rewards on the pools website and also moved some to a dodgy trading platform that disappeared (Cryptsy)|
+|2014-2015|I heard about the ETH ICO and had brief look into it but was too distracted with other financial matters so again did not buy.|This time there were no friends dissuading me, in fact, it was someone who I cannot remember messaging me and suggesting I look at ETH. I wasn't paying enough attention and didn't explore further.|
+|2015-2016|Somewhere around here BTC was at like $1k USD. I remember thinking it was way overpriced.|Don't assume you know the right price of anything.|
+|2017|Mania and hype. I had stopped paying attention to BTC. A friend mentioned that it had hit $10k USD. I fired up some of my old mining wallets and transferred them to exchanges and got serious.|The best time to invest was yesterday, the next best time is today. I had missed out enough, it was time to take the plunge. I had also been wrong about BTC (see above), so I wouldn't take the risk again that "$10k is too high" like some friends said at the time.|
+|2018|The crash. I had invested in but seems it was too late, everything cratered.|HODL. I had read enough to know and understand that there might be another market cycle, there SHOULD be another cycle. I held onto basically coins that went -90%. I also learned that BTC is king, there would be no new bull market until BTC lead that charge, so I moved most of my value to BTC and told myself I'd wait.|
+|2019-2020|Buying here and there. Unfortunately I missed the 2020 low because I needed money for other things, but toward the end of the year I got very interested in ETH 2.0 and decided I wanted to have a validator node (32 ETH). I used savings and my tax return to buy in.|Buy in a bear market, sell in a bull market. Buy in what you believe in and do the research. After being lax about learning I dove headfirst into ETH. I tested staking on the testnet, I played with DeFI.|
+|2021|Our current bull cycle and hitting a personal goal.|From the beginning, I knew that I didn't care if I'd get rich and become a millionaire, my main goal was to pay off my house, if I could do that, that would be enough. Well, I hit that goal, went above it actually, and as you read in my intro, got greedy waiting for more gains since this "is just the beginning". A major dip shattered that greed and helped me realise that I should stick to the plan. I sold. Don't be greedy.|
+
+There you have it, many lessons learned throughout the years, but if I had to distill it into the most important ones:
+
+1. **Actually use the things you're buying, test them for yourself**. Make sure you really believe in what you hold, and not just because people are saying it will moon.
+2. **Buy in a bear market.** And yes, there will be a bear market, of course, maybe not now, maybe in 6 months, but there will be one. Be ready. That is where I made my biggest gains. I know, this part is hard, when things are really bad (remember when BTC hit $4k in the "dip"), everyone loses faith and thinks, "it's going to $1k" - but that is just greed. DCA your way in for best results if you have to.
+3. **Stick to your goals.** Don't be like me and get greedy, only to then get spooked. Thankfully, everything bounced back, but what if it didn't? I would've missed paying off my house because I got greedy waiting for ETH to rise even further.
+
+\---
+
+Truthfully, I will never completely move away from crypto. I believe in it long term. Hell, I had less anxiety about moving BTC and ETH around than I did about requesting my exchange to withdraw to fiat.
+
+Who knows, everyone here is still super positive, the sub keeps getting new members (or maybe it's just people creating alt accounts?) the run keeps going, BTC hits $100k, ETH hits $10k and I will look at it like, "damn, maybe I should've held," but that's OK, it's very hard to time the market and hit the top just like you can pretty much never buy the bottom.
+
+I'll live with that because I'll have achieved at least one major goal.
+
+I hope you guys can do the same, and I hope you have the fortitude to 'hodl' when you need to, and sell when you need to, when it's your choice.
+
+EDIT: **Thanks for all the replies guys**. To answer some of the recurring comments and questions; yes, I sold out in phases, yes I still hold a small amount compared to what I sold (I won't shill projects here) including moons (this is an alt account). I will continue to post here and continue to post on this alt account. I've been posting here since 2017. Yes, I will continue to invest in Crypto.
+
+EDIT 2: **So, this blew up**. I've tried my best to read and reply to as many people as possible, and of course, many scammers have contacted me (so I'm glad I posted this with my alt account), I'll add a few more things here and leave it at that since I think this honestly has too much attention for what it is, I'm just a regular dude sharing some thoughts.
+
+1. Yes, everyone, the goal price considers my tax!
+2. I'm not in the US
+3. Yes, there are many financial advisors here saying that I made a terrible mistake and should've kept my mortgage. I guess everyone has a different situation and different goals, so consider their posts, even though they're having a go at me for making a dumb move - who knows, maybe their advice is right for you
+4. Yes, this is real, and this is my alt account, it's not some conspiracy by whales to make you also sell. 
+5. The intention here is not to scare people off or also make them sell, I just wanted to share and reflect on what crypto has been for me. I didn't want this much attention.
+
+**TLDR;** I watched early crypto for a couple of years and did nothing. Then I dabbled with mining and got burned. Then I missed ETH ICO. Finally I got involved in the last run seriously and experienced the crash. Held till now and perhaps sold early, but thats OK.
+THIS IS YOUR GOOD BOY Shill Sniffing Dog FROM TWITTER
+
+I HAVE ARRIVED TO RETRIEVE SOME BONES PEOPLE HAVE PICKED WITH ME & BURY THEM
+
+I AM NOT MICHAEL J BURRY
+
+I AM NOT KEITH GILL
+
+I AM NOT A CONGLOMERATE
+
+I AM NOT ANYONE OF NOTE
+
+I AM AN INDIVIDUAL, LIKE YOU
+
+I INITIALLY CREATED THIS ACCOUNT FOR FUN, BUT WHEN I STARTED **REALLY**  CALLING PEOPLE OF POWER OUT, IT SHOWED ME HOW BIG OF A MOVEMENT THIS TRULY IS
+
+10,000 FOLLOWERS IN LESS THAN 48 HOURS IS A FIRST FOR ME
+
+EVER SINCE I FOUND OUT ABOUT TREASURY BONDS BEING SHORTED A FEW MONTHS AGO, NOTHING HAS BEEN THE SAME FOR ME SINCE. I HAD TO TELL PEOPLE, BUT THE SHEAR AMOUNT OF OSTRACIZATION I EXPERIENCED ALMOST IMMEDIATELY QUICKLY HALTED MY ADVANCES IN WARNING THE GENERAL PUBLIC OF WHAT WAS HAPPENING. THE MORE DD I READ, THE MORE RESEARCH I DID ON MY OWN, AND THE MORE CONNECTIONS BETWEEN GOVERNMENT, MEDIA, & MARKET MAKERS I FOUND MADE THINGS ABUNDANTLY CLEAR:  
+THE STUFF I AM POSTING INHERENTLY BRINGS WITH IT THE RISK OF BEING FOUND. THE REAL RISK OF EXTORTING NOT JUST ME, BUT MY FAMILY, MY FRIENDS, AND PEOPLE I CARE ABOUT DEEPLY
+
+WHAT I DIDN'T EXPECT, WAS CREATING AN ACCOUNT ON TWITTER WITH A SILLY NAME AND THE SUDDEN FREEDOM IT GAVE ME. I NOW HAVE AN UNFILTERED LOUDSPEAKER TO WHICH I CAN CARRY FACTS TO THE GENERAL PUBLIC, THAT THEY IN TURN CAN SHARE AND EDUCATE OTHERS ON. THATS ALL THIS HAS REALLY BEEN ABOUT, TO EDUCATE YOU ALL ON THE TOP TO ABSOLUTE BEDROCK BOTTOM CORRUPTION THAT HAS TAKEN ROOT YET AGAIN IN THE FINANCIAL SECTOR.
+
+I WILL NOT STOP BARKING, BUT I FULLY EXPECT THE POWERS THAT BE WILL MUZZLE ME AT SOME POINT. I HAVE SET UP STOPGAPS FOR THIS, BUT I KNOW ITS NOT ENOUGH. **JUST KNOW THAT IF THIS WERE TO HAPPEN - IT WILL BE LIVESTREAMED FOR THE WORLD TO SEE.**
+
+
+  
+I HAVE DONE NOTHING WRONG
+
+EVERYTHING I HAVE SHARED WITH YOU IS PUBLICLY AVAILABLE INFORMATION
+
+I AM NOT SUICIDAL
+
+I AM NOT A CAT
+
+THIS IS NOT FINANCIAL ADVICE
+
+I JUST LIKE THE STOCK
+
+HOLD
+
+#GOODERTOGETHER
+
+
+  
+
+  
+
+  
+\- SSD
+
+---
+
+***This is not financial advice!***  
+*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team.
+Submitted posts are unedited and published as long as they follow r/Superstonk rules.*
+That’s more than wiped out my last pay rise. Super. Hey at least everything else is getting cheaper though, right? Right?? Oh.
+
+Update - actually both income tax and NI, having checked payslips
+7-1-4=2
+Today is 02/22/2022
+There’s no such thing as in coincidences, I believe he will tweet out tonight and it’s going to be something big. If I’m wrong Mods can hold me accountable and ban me. That’s how convicted I am. ALSO BUY HOLD AND DRS BABY LETS GET THE FLOAT LOCKED🚀🚀🚀🚀
+Welcome to the ETH Daily Discussion thread of /r/EthTrader. 
+
+***
+
+The thread guidelines are as follows:
+
+-  All sub rules apply here.  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.
+-  General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues.  
+-  Breaking news or other important content should be submitted as a separate post.
+-  In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. 
+-  Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.
+
+***
+
+* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq).
+
+* **[EXPERIMENTAL]** - 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!
+
+Alright you beautiful apes, time to take a moment and read about the safest speculative stock on the ASX.
+
+If you havent seen u/shadowpheonix2's post from a few days ago, please read it first because it is absolutely fantastic. It can be found [here.](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/?sort=new)
+
+This post will be a little different to that one, as he predominantly goes through and explains what the company does, how they got to where they were, how they operate, where they're going, and the financials. I will be discussing the sentiment of the stock, as well as what has happened to the share price over the last 6 months. 
+
+Rewind back to 1st of June 2020, when DW8 was priced at $0.006. It was around this time that interest in the stock began to increase exponentially, and as a result by the 14th of September we hit our ATH of $0.063. A 10 bagger in the space of 3 months. This would peak the interest of most people, but its what happened at the top that is most interesting. The huge increase in share price was due to promises by the company that the B2B platform would be released by the end of 2020. This excited quite alot of people, but im guessing the question on your mind is why?
+
+Well, the B2B model proposed by Dean Taylor, CEO of DW8, has the potential to be absolutely massive. In a nutshell, the goal of the B2B platform is to simply the process & maximize the efficiency of bars, restaurants, clubs or any other venue's which stock not only wine, but any alcoholic beverage (this is the long term goal).
+
+It allows venues to...
+
+* Monitor their stock levels real time through the Wine Depot app
+* Access a broader range of products at heavily discounted prices, increasing their profit margins while keeping their prices the same
+* Automatically re-order diminishing stock - No minimum order size!
+* Flexible payment and credit options to help with cashflow management
+* Analyze real-time data - This allows them to see long-term sales trends that would have otherwise potentially gone unnoticed
+* One invoice for all - There isnt a single bar in Australia that only stores one or two different brands of alcoholic beverages. They may store 20, 30, 40 or 50 different types as a bare minimum. From an accounting perspective, it is extremely annoying to monitor stock levels, make sure invoices are paid and most importantly know exactly when to re-order to receive the goods on time (E.g Supplier A takes 2 days to process the order and 5 days for delivery, while Supplier B takes 1 day to process the order and 10 days for delivery)
+
+All of this is done through one simple app.
+
+This all sounds fantastic, but im sure the question on your mind is why has the SP dropped and going sideways since the ATH? The answer to that is the announcement in September which mentioned that the B2B marketplace will be delayed to March 2021. We are currently in a bull market, and as a result investors are not comfortable parking their funds in a stock that will most likely travel sideways until the next big upswing, which would be the release in March. This resulted in the SP dropping to the Mid-4's, and has stayed there for some time until only just recently.
+
+The most critical piece of information that was missed in the previous post in DW8 is regarding the unlisted options. Previously, DW8 was under a different ticker, under different owners. When the business was purchased and converted, the previous directors were provided with 221 million unlisted options to convert at 0.03c by 23/2/2021.
+
+Most of these options have been converted and sold on the market, with roughly about 20m options left to exercise - chances are these options are already exercised as the cleansing statement can take a couple days to come through. The amazing part is that even though 200 MILLION shares have been converted at 0.3 cents and sold on the market for an average of 0.45 cents, this was effectively free money for the previous directors who hit the jackpot. Through all of this pressure, the SP remained strong and did not drop under 0.4 (if it did, it was very brief and gobbled up immediately). Most short-term shareholders would have seen the constant sideways action and jumped ship, but there were many, including myself, that took this opportunity to increase our holdings in anticipation of the future of the business.
+
+These 221 million options were converted at an exercise price of 0.03 - this generates millions of dollars in cold, hard cash for DW8. In total, once exercised, the total amount of cash received is $6,630,000. This is where it all starts to get exciting. Now that the constant downward pressure will soon be over, this stock has become a coiled spring. The SP has increased from 4.1c (our low in the last few weeks) to a 5.8c close on the 19th of Feb. This is an indication of what will happen once the downward pressure is over, and we arent far off that at all. If you also factor in that we are going to see multiple announcements over the next few months, including...
+
+* Soft launch of B2B in March, with the offical launch in April
+* Onboarding of new brands and suppliers to go in tandem with the B2B launch
+* A partnership with Vivino was released last week, and now there is anticipation of similar announcements with Ebay & Amazon
+* with over 7m in the bank, DW8 is cashed up and ready for another acquisition, or two, or three depending on size and exposure.
+
+Then it becomes very clear that this is only heading upward. This is only a small piece of the puzzle for DW8. 
+
+I initially bought in as a day trader, but as i read more into DW8 i increased my holdings substantially (5% of my portfolio > 75% of my portfolio in the last 5 months). This is the one speculative stock which allows me to sleep freely at night, due to the following reasons;
+
+* As stated by Dean Taylor, Covid is actually a tailwind for DW8 instead of a headwind;
+* The wine tarrifs in China only increased the potential for gains, as now there is an oversupply of wine in Australia that needs to be moved quickly and as cheap as possible;
+* This is not a speculative stock that is waiting on the release of mining grades, a medical experiment that can go 50/50, etc - this is a slow growth startup that will increase EXPONENTIALLY once the ball gets rolling. The Wine industry is heavily influenced by word of mouth, and once the overall ease of the process is noted and documented by trade buyers and suppliers, we are going to be massive. 
+
+Disclaimer: I currently hold 2.5m shares purchased in the low 4c range. I missed the early train, but i can easily see the 10x potential from here in the next few years. I would not be surpised at all if we are trading in the 20-25c range by the end of the year once the growth becomes exponential. 
+
+As always, DYOR as i am not a financial advisor. I dont even drink, i just like this stock!
+i started dropshipping (a form of online business) 6 months ago and have made and saved 20k. i want to buy real estate and live in a suburb of washington DC. should i wait and save more or should i go ahead and get a mortgage? should i buy a house and flip it? flipping it will be hard bc i have school. is 20k enough to get cash flow from a rental property without having to flip it? should i buy self storage units instead of a house all together? how long will it take to build credit so i can get my own loans without my mom having to co-sign?
+There has been a huge amount of FUD this weekend, attempting to encourage apes to ease off the buy pressure for Splividend week. You will not miss out on the splividend, regardless of what day you buy, between Monday and Thursday inclusive.
+
+On Friday, our beloved stonk is expected to be trading at a new price to reflect the additional shares distributed on Thursday night.
+
+Any shares bought tomorrow (Monday), the splividend will be distributed directly to you. You’ll be the very first owner of those shiny new shares!
+
+Any shares bought on Tuesday, Wednesday and Thursday, the splividend will still be distributed to you, but not directly. The seller of those shares will have to pass on their splividend to you (they receive it directly, as Monday is the record date when the “snapshot” is taken). This  is all taken care of by your broker in the background, you don’t have to do anything.
+
+**Now the juicy bit… any naked shorts sold into the market Tuesday - Thursday, won’t receive a splividend but will still have to pass it on to buyers of their naked shorts**.
+
+**I believe this is why there’s a huge attempt to discourage buying this week, they’re gonna be at their most vulnerable.**
+
+The only way they can provide these splividends is by either buying shares, or cooking up a fresh batch of synthetics. Either way, they need as little buy pressure as possible this week. While cautiously optimistic, expect severe fuckery. They’ll be more desperate than ever for you to sell.
+
+So it’s hugely important not to ease up on buy pressure, and even more important to DRS all new buys and splividends as soon as DRS pathways reopen.
+
+The only thing affecting apes this week is the DRS gates through brokers are temporarily closed. But once they reopen, let the flood of purple circles recommence. 🚀🚀
+
+Edit: Now that this post is gaining some traction, I'd like to add a big fuck you to Ken Griffin. I hope you burn in hell 🔥
+Hi all!  I hope this type of post is allowed here.  Wanted to share a quick story about forgoing short term gratification.
+
+Back in 2011, I saved 5K from my summer internship, as well as 1K from my side hustle tutoring.  There was another intern working in the same summer internship who also saved up 5K.  At the end of the summer I opened my first brokerage account, and I recommended that he does the same.  But he didn't listen and spent his entire 5K on a top notch gaming PC.
+
+I invested 1K each into TM, LLY, NVDA, BA, S (now T-Mobile), and BTU (went Chapter 11 in 2017). I never sold any of the companies and here's how much my initial 6K become as of today 9/5/2020:
+
+* TM: $2,461
+* LLY: $5,242
+* NVDA: $39,530
+* BA: $2,791
+* S (now TMUS): $3,520
+
+So my 6K grew to over 53K, while his gaming PC from 2011 is now almost worthless.  It really pays to invest for the long term!
+Every "meme" stock is on a rocket right now. Every single one. They are reaching heights not seen since January and all at the same time. ALL AT THE SAME TIME. 
+
+This has NOTHING to do with us. Yes we all HODL and buy the dips but the kind of activity we are talking about here is not caused by retail. This is MASSIVE. MASSIVE. There is not a shadow of a doubt in my mind that retail had anything to do with this price action. 
+
+Someone let off the brake pedal. WHY? 
+
+Either someone, like Citadel has been margin called here and their shorts are being shut down due to liquidation OR some of the regulations we have been watching went into effect and it's made a significant change to the market. 
+
+WE NEED ANSWERS. WE NEED EVERY SMART APE ON TOP OF THIS. THIS IS NOT THE MOASS.
+
+Moass would not take this basket of stocks with it on it's journey. There is some serious shit that just went down or some serious fuckery is afoot and we are all just dancing. Let's get back to work and figure this out.
+
+Update: https://reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/ This is an excellent DD by u/myplayprofile with some answers. This is how we figure it out.
+Say Bill is worth 1.1B dollars. All through his life he spent 100M dollars. When he dies, his wealth (at whatever form) he still has 1B in his inheritance to give.
+
+Up until that point, would the economy be 1B larger if Bill spent all his money?
+Y’all, I need your input. I’m a few days away of accepting an offer that’s going to triple my  current income. I want to steward this sudden increase well, and I want to pick your brains on what I could do. 
+
+For the sake of argument, please consider these things. Married with two kids under 4 years old. Don’t have a 401/Roth (don’t know how to get one either yet). We have about 5 months worth of expenses saved and about 2 month worth of food stocked up. No other savings. No debt. We have a secured credit card to build credit (since I have none as a former immigrant). No college funds. We just moved into a rental. We own our vehicle. 
+
+To make it easy to explain and understand, could we talk in percentages or terms like “3 months of expenses” - simply because I don’t know my actual annual income yet, just that it’ll be at least 3x higher. I’ll be going into the 70-90k range. 
+
+Where do I go from here? What do I start next? What after that?
+[https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html](https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html)
+
+Time to stock up on canned water and downloaded porn.
+
+edit: now down over 700 points. President just authorized a drone strike on the Fed. Details to follow.
+
+edit 2: finished down 800 points.
+Considering the weekly ICO thread is ridiculously difficult to navigate through, I figured I’d summarize this week's ICO thread before the next one goes up. I’m only including ICOs who have raised under 80-100 million USD (ideally in the 10-40 million range), as this seems to be the sweet spot where you actually have room to see decent gains. 
+
+[Request Network](https://request.network) - By the time I’m done writing this post their ICO is likely to be finished. However, this project is definitely pretty promising and raising a reasonable sum of money to accomplish what they’re setting out to do. It was also mentioned so many damn times in the ICO thread that I can’t possibly leave it out of this post. Quoting people from that thread, this ICO could likely be a homerun - and I agree that there’s massive potential here in both the short-term and long-term. 
+
+[EnjinCoin](https://www.enjincoin.io) - ICO is just about done. These guys know what they’re doing, and their coin actually has a use. They’re a well-established community with strong backers, and they’re raising 25 million in their ICO which is reasonable compared to other projects. The gaming market is huge and no project has really tackled it yet, so Enjin has potential to be one of the pioneers. 
+
+[Ripio](https://ripiocredit.network/) - ICO on October 24th. They were mentioned a couple times in the ICO thread, and they’re also an existing company which is a nice plus. It’s a credit network that facilitates lending between two peers using smart contracts. Really cool concept, imo. 
+
+[Grid+](https://gridplus.io) - I was hesitant to mention this project due to the nearly 100 million dollar market cap, but that 64-page white paper and massive partnerships shows that this could be one the really big projects in this space in the coming months. It’s also an interesting concept and there aren’t any energy blockchain startups that have been as big as this one yet. 
+
+[Airswap](https://airswap.io) - Honorable mention to this one as the ICO is over now, but it’s another decentralized exchange. Still could potentially be successful, one to watch out for when they launch.
+
+Cindicator - ICO just finished, started trading already. Heard there have been issues with the Telegram though. 
+
+Considering ICOs are still largely profitable if you find the right ones (raising millions in hours in some cases), I think it’s beneficial for us to discuss them openly here. Feel free to suggest or de-suggest more projects and I’ll add/remove them from this list as necessary.
+First time real estate buyer pre-approved for $400k at 3.1%, 20% down. Don't think I'd be able to use that for the 8 unit (need a commercial loan?) but the numbers on the 4-plex look good and it's in a slightly better part of the neighborhood. https://ibb.co/z7kvBSS
+
+I am moving late July/early August. I'm thinking about making an offer on the 4-plex now and using a PM company until I move up there.
+
+I am inexperienced and probably don't know what I don't know. **What questions should I be asking? How much info can I get about their tenants, rents, past performance?**
+Amazing utility and awesome team! This project is going to the parallel universe! 
+
+​
+
+✅ AI Contract Audits Live! Audit tokens for red flags to protect your investment!
+
+​
+
+💪Amazing team from Fortune 500 companies!
+
+​
+
+💲Huge marketing budget!
+
+​
+
+😯 Already Incorporated and listed on Indacoin! More exchanges coming very soon! 🚀
+
+​
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+​
+
+🚀MarketMove Madness! $10,000 Trading Competition IS LIVE!!! 🚀
+
+​
+
+🥇Main prize - 10,000 BUSD
+
+​
+
+💥 But there is more: 
+
+We decided to award more investors: additional 128,000,000 $MOVE in prizes ❗️
+
+​
+
+🥈40,000,000 in $MOVE
+
+🥉20,000,000 in $MOVE
+
+​
+
+Top 4-10 - 4,000,000 in $MOVE  
+
+
+​
+
+​
+
+➕ MarketMania - The last 10 verified buyers (as per transactions on the blockchain) before the contest ends at 9 AM EST will receive 4,000,000 $MOVE tokens each.
+
+​
+
+❗️Winners need to hold at least for 24 hours after the end of the competition. Any sells will get you disqualified instantly.
+
+​
+
+❗️Check pinned for details.  
+
+
+​
+
+​
+
+➡️ Join here: [marketmove.ai/competition](https://marketmove.ai/competition)
+
+​
+
+➡️ Join out TG: [https://t.me/MarketMoveAI](https://t.me/MarketMoveAI)
+
+​
+
+➡️Announcements:
+
+[https://t.me/MarketMoveAINews](https://t.me/MarketMoveAINews)
+
+​
+
+➡️Twitter:
+
+[https://twitter.com/MarketMoveAI?t=yPYQoEALc0JM7QffUEkyzw&s=09](https://twitter.com/MarketMoveAI?t=yPYQoEALc0JM7QffUEkyzw&s=09)
+
+​
+
+➡️Website:
+
+[Marketmove.ai](https://Marketmove.ai)
+
+​
+
+\[START: 10/08/2021 9AM EST , END: 10/10/2021 9AM EST\]
+**TLDR:**
+
+* Fuck you Fidelity
+* Fidelity refuses to perform the action that would Direct Register IRA accounts.
+* Fuck you Fidelity
+* Per ComputerShare: IRA's are ready to be received by way of "DTC W/T Transmission" They are ready and waiting.
+* Fuck you Fidelity
+* Fidelity REFUSES to do this. and REFUSE TO EXPLAIN WHY. They ONLY say they "Can't"
+* Fuck you Fidelity
+* The SEC said I should ask for a Compliance Director
+
+​
+
+Remember this Chestnut:  [https://www.reddit.com/r/Superstonk/comments/q853fv/per\_the\_sec\_if\_you\_feel\_like\_your\_account\_has\_not/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q853fv/per_the_sec_if_you_feel_like_your_account_has_not/?utm_source=share&utm_medium=web2x&context=3)
+
+https://preview.redd.it/dzj0x24hj6381.jpg?width=759&format=pjpg&auto=webp&s=18ba07dcc7ffffc622b150923026ec403ed2debc
+
+I've been trying to get my IRA's moved to ComputerShare for weeks. I've talked to Computershare many times and we have everything confirmed as doable.
+
+**ComputerShare is directing customers to request a "DTC W/T Transmission" of their IRA Shares.** Simple as that. This process will send them to ComputerShare where they'll arrive in a separately identified account. There's no hurdles or bullshit.\**Enter Fidelity\**. If you ask them to do this, or any other Direct Registration of an IRA they will tell you that *can't*. **THEY HAVE NO REASON WHY.**
+
+I've asked multiple agents this specific question:  
+"Is there anything preventing you from DRSing my IRA account besides your boss's order?" A: **NOPE.**
+
+The usual response I get is it might be a taxable event. Fuck you Fidelity that's not your business. $6000 of that money is MY MONEY it's been taxed and I'm free to do with as I please. \*\*[^(https://www.reddit.com/r/Superstonk/comments/qd228b/you\_can\_computer\_share\_your\_iras\_without\_getting/?utm\_source=share&utm\_medium=web2x&context=3)](https://www.reddit.com/r/Superstonk/comments/qd228b/you_can_computer_share_your_iras_without_getting/?utm_source=share&utm_medium=web2x&context=3)
+
+# More specifically, Fidelity agents are saying THEY WOULD GET IN TROUBLE if they Registered your IRA.
+
+They won't even make the attempt. I practically begged one agent. I asked if the system was in front of them and they said yes. I told them the transfer agent said to follow these specific instructions. The agent said they couldn't. Worse, they said they especially couldn't since they already checked with the back office and it wouldn't be possible to make it seem like an accident. I straight up told the agent I didn't want him to get in trouble but it's bullshit and they should just push the order through and see what happens. They wouldn't do it, which I understand. It's such a bullshit position for the agent to be in.
+
+The Agents find it odd too. They'll tell you they're not allowed and they don't know why.
+
+​
+
+\-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+# So my Karen ass goes to their chat:
+
+This chat opens from my question, *"I want to perform a DTC W/T Transmission of my IRA to the Transfer Agent"*
+
+[Womp Womp](https://preview.redd.it/ifukj3m8j6381.jpg?width=1551&format=pjpg&auto=webp&s=5abda0409f157d49d165131cef6b8e884b0490b9)
+
+The SEC says to ask to speak to a Compliance Director. It doesn't say they need to comply. I think they should. I'm not calling to return a toaster oven, this is business.I shouldn't NEED to talk to the Compliance Director but when I do, I shouldn't have to send a fucking Post Card from Ragetown. That's not speaking.
+
+​
+
+Teufel hunden gonna raise some hell.
+This correction has really shown me that I don't have what it takes to be doing Theta plays.  I get way way too stressed when trades start heading the other way.  I'm loosing sleep over PYPL, exiting at the wrong times, and getting really emotional about it.  
+
+With owning good companies I barely even twitch if the stock drops 10%, but if I have a credit option on a stock and it drops, I get sweaty.  I just don't have the risk tolerance for it I guess.  
+
+$20,000 lesson I guess I had to learn, Thanks PYPL.
+With the stock market still in the volatile territory and unemployment rates soaring due to the ongoing COVID-19 situation, are you expecting to see a lot of foreclosures in the upcoming few months??
+I’m really happy I’m a  21 year old  college drop out when I got the opportunity to work for a molding company. I’m making 17.50/ hour working 40 hours a week I’m finally able to pay my bills and have some money left over 
+
+Edit:Wow I didn’t expect to get some silver! Thank you so much 😁😁
+The last year has been a roller coaster: sold a business I spent over a decade building, this sub helped me make fantastic decisions during the M&A process, and the wife decided to cash out a few months later (with her new boyfriend). Now I'm navigating the next chapter and thought I would do a quick update.
+
+This has been stated over and over, but let me just start this thread by saying... DIVORCE = POOR (this is the only place in the internet where I get to say a NW of <$10 = POOR\[EST RICH PERSON\]).
+
+Alright, that aside, life lesson learned the hard way:
+
+* Surprises are never good in marriage, especially if you're FAT and your SO decides to take (half) the money and run.
+* Pro-tip: be an adult and make sure the lawyers get as little as possible.
+* Stay ALL IN. Had a buddy ask me why I didn't hedge against divorce. That's the one thing I wouldn't change, stay all-in and don't hedge against failure of a marriage. Life was awesome (until it wasn't).
+
+So let's talk about dropping from properly FAT to FATPoor.
+
+When you're in your mid-thirties and you have a proper FAT stash saved up (\~$15-20M NW), even if you're still accumulating, working, etc. you can really start to dream big. You can start thinking about the "what am I going to retire TO?" scenario. Maybe you're still living the upper-middle class lifestyle and maxing out the 401K/ROTH (because that's what you DO, even if $30K/year saved no longer really matters)... but you're starting to fly first class, enjoying having a personal banker on speed dial, scoping out a vacation home, and you're not really stressed about any one financial failure (because you're properly diversified and have enough that you can take a few hits and it not really affect your trajectory).
+
+Now think about your FAT life. All that carefully planned and beautiful spreadsheet exactly mapping the next 60 years of your FATFire life. That debt perfectly crafted, like your Asset Backed Loan / PAL & mortgages. Asset allocation all properly tuned. Crypto accounts. Earn, Borrow, Die planning. Estate planning. DAF Funds. Beautiful tax strategies. 
+
+Carved up into two. Everything broken apart. Joint accounts and joint asset back loans no longer relevant. Come up with a plan to buy your ex-SO out of the things you plan to keep (want the house? gotta pay back out half that equity somehow). Our FAT financial and asset lives are fucking complicated... makes things not simple. But, just like you can take a hit, you realize that some of the little things just don't matter (hopefully) so you can minimize the stupidity and keep as much away from the lawyers as possible.
+
+So. Yesterday you are living your HNW FAT life. The world is your oyster. $300K/year is <3%. Safe wealth preservation asset allocations. Stock market can crash and you just don't really give a fuck because it's all part of the plan. You have options.
+
+Today you're half of that. And none of the leverage you used to have. $15M > $7M. Banks love you (a lot) less. Those awesome interest rates you had on mortgages and asset backed loans? Yeah. Not so pretty now. Those loans you got while you still had rockstar earned W2/business income? Yeah... you don't have that now either (maybe). You actually can't sit on 50% gold (/s) while you laugh at CNBC, you've got to get some returns going because, like flying business class, once you know what that >$10M felt like, sitting in coach (even if you know it's the smart decision) is really hard. Oh, it's Q1 2022 and the market is having a fucking identity crisis.
+
+So what's next?
+
+You're still fucking rich. That's what I decided. You're not 40 yet. You're healthy. You have $6M in liquid assets, a paper NW of \~$8M, some real estate, and some Private Equity investments (thanks FatFIRE M&A advisors!) that might do something awesome in the future. The sun is shining (somewhere) and you still having FI.
+
+Go live your best life.
+
+PS. for those that follow my previous threads, decided to use the asset backed line to pay windfall taxes. Even factoring 7+ rate hikes, an effective interest rate of 2.5-3% seems like free money in the current inflationary environments. Kept leverage <30% with SCHD as primary asset. We'll see how that shakes out with the above narrative now in play.
+A 24 year old at our company just became the vice president. And by coincidence he's the former CEO's nephew. Already hasn't us know how fun his travels to other countries have been and, by accident, let it slip he doesn't know much about computers; this is a tech company. 
+
+It doesn't stop here. It's every fucking industry and even some of my favorite actors and singers and athletes have a blue name on wikipedia! 
+
+"Follow your dreams and it could happen" they say, what they omit is the big fucking head start they got
+Most of these elite country clubs require that your application be sponsored by a current member. I guess the problem is I'm "new money" in a new neighborhood, and I don't know who to contact. And it's not like I'm comfortable spamming everyone in my existing social circle. Anyone else ever been in this situation? Do you just creepily hang out by the front gates and yell at cars to sponsor you?
+As per the title, why are economists concerned about wage inflation feeding into price inflation but not concerned about profit inflation feeding into price inflation?
+We've been saying this for years now - Systems are getting stronger. Gone are the days when you could misreport income. The Income Tax Department has tons of information now.
+
+A lot of people have been receiving an SMS from the Income Tax Department. We've seen the messages come through since yesterday (28 March 2021)  
+
+
+>The Income Tax Department has identified high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2020-21 (relating to FY 2019-20). Please revise ITR / submit online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal and clicking on 'Compliance Portal' link under 'My Account' or 'Compliance' tab - ITD
+
+If you have received such a notice - fret not. Most people who have received this notice have missed reporting Savings Account interest or Fixed Deposit interest.
+
+If you received this notice, it's probably because you or your advisor forgot to include said income in your ITR for FY 2019-20.
+
+**Compliance Portal**
+
+Here's what shows up in the compliance portal: [https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax](https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax)
+
+**What do you need to do?**
+
+If you did miss showing interest on fixed deposits and savings accounts, move quickly. You have till 31 March 2021 to revise your ITR. You may also have an additional tax liability because of this.
+Big cheque for Mukesh Ambani? Google reportedly in advanced talks to invest $4 billion in Jio
+
+https://economictimes.indiatimes.com/tech/internet/big-cheque-for-mukesh-ambani-google-reportedly-in-advanced-talks-to-invest-4-billion-in-jio/articleshow/76957259.cms
+I’ve never considered myself to be great with money. Over the years I decided to become more diligent and as a result have recently hit $100k in savings.
+
+While I’m proud of this achievement, I notice that I’m not as happy as I used to be. I have money on my mind a lot and also tend to live a lot less courageously. 
+
+Does anyone else feel that their preoccupation with wealth encourages them to live a less interesting or fulfilling life?
+Waiting for some checks to clear but I had $60. Decided best use of it is to just get some cheap food at the store and stretch it over the weekend. Figured I hadn't had a "sandwich week" in a while so got some ingredients.
+
+So of course my total comes to $61 and im like "seriously?" 
+
+She hands the cashier $4 and says you can't have sandwiches without chips. I'm trying to think how to pay it forward because this recession has not been kind to me. I might just donate it to the non profit I'm involved in and tell the story because like, people lost a lot of empathy during covid and small gestures like that hit way harder then before. I  wished her a merry thanksgiving but need to keep a eye out for them in the future.
+Hi guys!
+
+Today I'm going to be covering a massive tech-giant called Microsoft. They have a market cap of 1.74T and are the second-largest company in the US. I'm going to do a deep-dive into the fundamentals and catalysts that could make Microsoft a good buy. As always, a TL;DR is at the bottom and if you have any companies you want to see me do a DD on, leave them in the comments.
+
+**Business**
+
+Microsoft is a well-known diversified technology company. Most consumers are familiar with their windows operating system, which has a 75% desktop OS market share as of 2020 ***\[1\]***, their Microsoft Surface Laptop, which they've advertised aggressively, and their Office 365 productivity suite, which is commonly used in schools and businesses alike.
+
+Their operations can be broken up into 3 broad categories: Productivity and Business Processes (32.44% of revenue),  Intelligent Cloud (33.82% of revenue), and Personal Computing (33.74% of revenue). Let's break these segments down!
+
+**Productivity and Business Processes**
+
+This segment includes Microsoft's Office product line, LinkedIn, and Dynamics.
+
+Office saw stellar growth during the pandemic. In Microsoft's 10-K filed in June of 2020, we can see that Office revenue grew by 4.5B or 15%. Office accounts for 64.63% of this segment's revenue. I don't see all that much future growth potential here. Google's productivity suite will cut into margins and makes the moat here very small. While Office Commercial could be alright, Office Consumer will probably get blown out of the water by Google's free product offering.
+
+LinkedIn is another pandemic out-performer. This product grew revenue 1.3B or 20% in 2020 and currently accounts for 14% of this segment's revenue. There's a lot of unrealized potential here and I want to go a little in-depth here because I think this is overlooked by a lot of people.
+
+Think about the amount of data LinkedIn has for a second. You **willingly** enter in: your current place of residence, your age, your current place of work, your past working experience, your prior education, your interests, what skills you have, etc. This is a data *GOLDMINE.* All the information Google spends billions on developing algos to infer about you is offered up to Microsoft by over 740 million members **\[2\]**. If Microsoft identifies this as an opportunity they'd be willing to pursue, it could be huge.
+
+Finally, there's Microsoft Dynamics. I feel so-so about this product. It has fierce competitors who dominate the entire CRM industry (namely Salesforce with 19%+ market share), and I just don't think they have a superior offering here.
+
+**Intelligent Cloud**
+
+This is what many people end up talking about the most when it comes to Microsoft. As someone with a pretty decent amount of cloud knowledge, I can say with confidence it'll be a two-horse game in the future with AWS and Azure dominating. The problem with AWS is actually the fact that they're a subsidiary of Amazon!
+
+If you're a retailer and you're looking to pick a cloud provider, you can't use AWS because you'll be supporting a direct competitor of yours. As a result, many of these companies will end up taking their money to Microsoft. It's also worth noting that the government has shown a preference to use Azure in the past when it comes to military contracts.
+
+**Personal Computing**
+
+This segment includes Windows OS, the Surface Laptop, Xbox, and their Search engines.
+
+I don't expect that much growth here. Windows will continue to grow by 2-4%, their search engine will probably stagnate (I'm kind of shocked people actually use Edge/Bing), Xbox will continue to lose ground to Playstation, and Surface's growth will slow.
+
+**Business TL;DR**
+
+Future growth will be driven by Azure and perhaps LinkedIn.
+
+**Revenues**
+
+Microsoft brought in revenue of 153.28B in FY 2020. This represents a 14.18% gain YoY, a 48.90% 3 year gain, and a 74.02% increase from 5 years ago. These increases are very impressive considering the age and size of Microsoft.
+
+Switching over to Net Income, we see a 2020 total of 51.31B. This is up 15.77% YoY, 271% in the last 3 years, and up 338% since 5 years ago. My takeaway here is similar to the one I made for revenue. The key difference here is that NI has been much more inconsistent.
+
+**Margins**
+
+Microsoft currently has a net margin of 33.47%, the highest it's been in more than 15 years (how far back my data goes). This margin compares well with Apple's 21.73%, Amazon's 5.53%, Netflix's 11.05%, and Google's 22.06%. The only FAANG company that has a higher margin than Microsoft is Facebook with a 33.90% margin. Seeing as Facebook operates as a software company only, I'm not surprised.
+
+**Assets/Liabilities**
+
+||Total Assets|Total Liabilities|Cash on Hand|Long-term debt|
+|:-|:-|:-|:-|:-|
+|Value ($)|304B|174B|131B|55B|
+
+Microsoft currently has a Debt/Equity ratio of 0.42 and a current ratio of 2.58. In case you're unaware, the current ratio is a way to measure how able a company is to pay back debt. A current ratio of over 1.5 is generally considered good.
+
+It's also worth noting that Microsoft's Cash on Hand can cover its short-term liabilities, which is always a plus.
+
+**Free Cash Flow/Buybacks**
+
+As of 6/30/20 (the last time they filed their 10K), Microsoft generates 45.25B in Free Cash Flow. This represents an 18.22% gain YoY, a 44.16% 3 year gain, and a 90.67% 5 year gain. Because Microsoft pays a below-market dividend, they end up spending that Free Cash Flow on share buybacks. Since FY 2019, Microsoft has spent more on share buybacks than they have on dividends ***\[3\]*** and has netted shareholders billions.
+
+**Price Ratios/Other**
+
+|Ratio|Microsoft|Apple|Google|Amazon|"Good Value" for Sector|
+|:-|:-|:-|:-|:-|:-|
+|PE Ratio (TTM)|34.33x|32.50x|34.53x|73.62x|<30x|
+|P/B Ratio|13.34x|30.42x|6.14x|16.58x|<7x|
+|P/S Ratio|11.78x|7.28x|8.17x|4.11x|<7x|
+|P/FCF Ratio|35.79x|26.53x|34.75x|51.15x|<30x|
+|ROE|42.19%|90.59%|19.03%|27.07%|\>25%|
+|Leverage|2.5x|4.6x|1.4x|3.4x|Depends|
+|3-year revenue growth|48.90%|23.06%|64.66%|116.85%|Depends|
+
+**PE Ratio**
+
+I said a "good" number for the sector was under 30x. I usually look for PEs under 15-20x, but you do have to pay for growth. In this section, nobody was under this threshold. Considering we're in a mature bull-market, I can't say I'm surprised. With that being said, Microsoft narrowly beat out Google to have the second-lowest PE at 34.33x.
+
+**P/B Ratio**
+
+I said a good P/B Ratio for this sector was under 7x. Very high, I know, but keep in mind these are good values for the *technology* sector. That being said, only Google came in under my good value while the rest weren't even close. Microsoft had the second-lowest P/B at 13.34x. So far, not so good.
+
+**P/S Ratio**
+
+I thought a good P/S ratio here would be under 7x (same as the P/B cutoff). This time, we saw both Google and Amazon qualify with Apple narrowly missing the cutoff. Microsoft ended up having the highest P/S ratio at 11.78x. Overall, P/S ratios were actually decent.
+
+**P/FCF Ratio**
+
+I identified under 30x to be a good multiple for this sector. Sadly, we're right back to where we were before, with only Apple qualifying and the rest being pretty far off. Microsoft had the second-worst P/FCF ratio at 35.79x.
+
+**ROE/Leverage/Revenue Growth**
+
+Microsoft: If you're going to have poor price ratios, the least you can do is be efficient at generating capital. A 42.19% ROE while maintaining reasonable leverage considering their revenue growth rate is impressive. This is one area where Microsoft actually looks pretty attractive.
+
+Apple: Not a big fan of the numbers here. They strike me as over-levered and a future slow-grower.
+
+Google: They have the lowest ROE of the bunch, but they're also the least levered. Considering the amount of growth they've had, the only way I could get behind this little leverage would be if management expected stagnation over the coming years.
+
+Amazon: Amazon is very solid in this area. They have a reasonable amount of leverage considering expected future growth and are pretty efficient at generating capital.
+
+Overall, Microsoft is good at generating capital and is well-levered considering expected and past growth rates.
+
+**Moderate DCF Valuation**
+
+Assuming a 15% 5-year revenue CAGR, an 8% discount rate, a 4% perpetual growth rate, and a 46% EBITDA Margin, Microsoft has an FV of $212.22 (upside of -10.1%).
+
+**Bull Case**
+
+In my bull case, I'm assuming Microsoft successfully monetizes LinkedIn, and Azure growth is faster than expected. I'm assuming a 17% 5-year revenue CAGR, an 8% discount rate, a 4% perpetual growth rate, and a 47% EBITDA Margin. Using these parameters, I got an FV of $270.80 (14.8% upside).
+
+I think the FV is probably between the current price and this bull case.
+
+**Bear Case**
+
+Don't worry, this won't be a Cathie Wood bear case!
+
+In this scenario, I'm assuming Azure loses market share, and Office growth stagnates. I think fair parameters in this scenario would be a 7% revenue CAGR, an 8% discount rate, a 4% perpetual growth rate, and a 45% EBITDA Margin. In this scenario, I got an FV of $168.89 (-28.4% upside).
+
+I find this bear case highly unlikely. In my opinion, the idea that Azure growth will slow is misguided.
+
+**Risks**
+
+1. **Office loses market share:** I've been talking about this one throughout the DD because I think it's probably a very likely scenario. The average consumer is going to prefer the Google Productivity Suite over Office because it's free and offers products equivalent in quality. If this were to happen, Office Commercial (Office for businesses and schools) would probably remain relatively intact.
+2. **Azure gets trounced**: As I said in the previous section, I find this scenario very unlikely. It would require GCP being worth a dang or everyone snuggling up to Amazon. As I said before, a lot of companies won't go with AWS because it would be supporting a competitor and I don't think the people running GCP will be able to get their ducks in a row.
+3. **Rotation into Value:** If bond yields were to continue rising rapidly, a flight to safety could ensue that would cause a selloff in tech stocks such as Microsoft.
+4. **Regulation:** While I don't see any regulation risk for Microsoft in particular, if any of the FAANG stocks were to get hit with an anti-trust violation, it would send big-cap tech stocks into a tailspin.
+
+**Conclusion/TL;DR**
+
+While Microsoft is a great company with large amounts of growth ahead of it, the current valuation is frothy and there isn't enough of a margin of safety to justify an investment.
+
+**Sources**
+
+[**\[1\] = Microsoft Windows Figure**](https://www.statista.com/statistics/218089/global-market-share-of-windows-7/)
+
+[**\[2\] = LinkedIn User Number Figure**](https://about.linkedin.com/#:~:text=About%20LinkedIn)
+
+[**\[3\] = Share Buyback/Dividend Comparison**](https://www.microsoft.com/en-us/Investor/earnings/trended/cash-returned.aspx)
+
+**Edit:** Hey guys, thanks for all the support. I thought I'd clarify a couple of things and revise some of my statements. First of all, I was totally wrong about Xbox. Gamepass, their acquisitions of IP, and discord integration will be highly beneficial. I apologize for overlooking that. Secondly, I would like to clarify my statements about Office. I was talking about GS taking market share from Office Consumer NOT Office Commercial. I feel as if many regular people are willing to trade computational power in exchange for not having to pay. As far as I'm concerned, Office Commercial has a mile-long moat with crocodiles in it.
+Hey all. Some of you guys probably read my trilogy of DDs on Student Loan Asset Backed Securities (Or SLABS) yesterday. Thank you! I realize now that posting these on a Sunday was probably not great for exposure, so I've decided to make this quick summary post in order to hopefully encourage you to read those DDs and get some more wrinkle brains on this. 
+
+You can read the original DDs here: [Part 1](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/), [Part 2](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/), and [Part 3](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/). Part 4 HERE (https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/) and Part 5 HERE (https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/). You can read my DD about Auto Loan Asset Backed Securities (ALABS) here (https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). 
+
+The thesis: SLABS are the new subprime mortgage backed securities. Basically, SLABS are tranches of student loans packaged into a security and used as collateral or sold to investors. They were considered safe investments, but due to a number of factors I believe they have decreased *drastically* in value. However, the same issues with rating agencies in 2008 still persist today. The same regulatory rating agencies that are supposed to be unbiased are being paid by the very people issuing these SLABS, so there is every incentive to rate these as AAA when they may not be. Sound familiar? While the market for these SLABS is only in the hundreds of billions, I believe that there is an even larger market betting on the SLABS market, similar to the housing markets of 2008. 
+
+SLABS have increased along with the not-coincidental recent meteoric increase in college tuitions. We know that everyone is absolutely desperate for collateral, as shown by the record breaking RRP. And until recently, SLABS were very very strong collateral, as it was nearly impossible to legally discharge student debt. However, due to the following factors, SLABS are about to come back down to Earth and bring the whole economy down with them. If these SLABS shit the bed, all of the sudden a bunch of collateral will be worthless so banks will become desperate and raise margin requirements. This is how I believe it ties into GME. Anyways, here are those factors.
+
+\-**The Covid-19 Pandemic.** One of the strategies used by politicians to stimulate the economy was to postpone student loans. This immediately devalued SLABS as a form of collateral, as there is now unsurety of payment. This is just a way to can kick - as soon as the postponement ends, many can't or won't repay their loans, causing SLABS to drop even further in value. This only affects pre-2010 FFELP loans. Still, Covid has and will continue to cause increase defaults and forbearance, which devalues these SLABS. 
+
+\-**IBR Payment Plans.** IBR stands for Income Based Repayment plans. This is a payment plan where you pay a percentage of the loan based on your income, so you're not 'biting off more than you can chew' per se. These plans have increased *exponentially* since 2008. They're a good idea in theory and can be cheaper in some cases, but have severe downsides that are largely unconsidered. Because of the variable percentage based payment, a smaller percent of the loan is paid back. This causes interest rates to snowball, as interest is being collected on larger sums. This leads to *more expensive* payments down the line, causing defaults, which devalue SLABS as collateral. 
+
+\-**Court Case Challenges.** Recently, in January of 2020, a new legal doctrine was established that allowed for student loans to be discharged during bankruptcy. Previously, this was not the case - the previous doctrine was incredibly stringent which made it near impossible to discharge debt. This made these SLABS extremely valuable collateral. However, with this new doctrine, that's not the case. And with Covid causing inevitable bankruptcies, we may actually see student loans being discharged at a greater rate, thus devaluing SLABS. 
+
+\-**The Abundance of Loans/SLABS.** It turns out that private student loan companies haven't exactly been careful about vetting who can take out a loan.  Sound familiar again? Many companies are giving loans to degrees that have a lower likelihood of making enough to pay off the loan, like truck-driving school, cosmetology school, and even dog-walking school. This is not meant to attack individuals with these professions, rather, to highlight the risk of default, which would devalue SLABS.
+
+That's about all I'm going to get into with this summary. If you want to dive deeper, make sure to check out the trilogy. I'll leave you with this final quote from a grim report on the state of the SLABS market: "*It is likely a question of when, not if, the SLABS market will collapse, and when it does, private student lending will be crippled, carrying serious negative effects for student borrowers and the colleges they attend. If the 2008 recession was any indication, these developments could happen very quickly and ripple into the rest of the United States’ economy, due to the sheer size and scope of student loan debt in relation to overall consumer debt."*
+Hi I’m new to ETFs and I’m wondering if it would be redundant to hold both VTI and SCHD. I’d like to build a simple portfolio of ETFs to replace my target date fund to reduce the fees and expenses to my retirement account. Would it be redundant to hold both?
+Seems to be because of three things happening.  
+  
+ A takeover bid by Wizz Air was rejected. easyJet announced a 1.2 billion rights issue, which seems pretty high for a roughly £3 billion market cap company.  
+   
+And there is the slow realization that easyJet is not recovering as fast as other airlines like Ryanair - currently it is using about 60% of pre-covid capacity. The UK travel restrictions system seems a large part of this problem.  
+  
+I regret not selling after the Spring bounce because it seems the price is unlikely to recover anytime soon with such a huge amount of new shares issued? But wondering whether to take up the rights offering which will have a 35% discount?
+I recently sold $1.2m in shares, leaving me with a $160k CGT bill due in 2022. I made this sale because my risk profile was too high, so am diversifying into property - namely a house to live in.
+
+Now, I could just pay the $160k in tax next year and say goodbye to it. Or, I could take $160k out of the cash I've now got, and punt on relatively risky shares like those often mentioned here. If every share tanks, my CGT bill is wiped. If they do well, I have enough money to pay the CGT bill, plus a profit (which obviously would have its own CGT bill, but at least I'd make some money).
+
+Am I missing something here? Neither my accountant nor financial advisor suggested this, and I'm a total novice when it comes to money, so I'm sure I must be missing something here. I realise I am missing out on the opportunity cost of that $160k, which I'm guesstimating at $16k if I was to put all of the $160k into my new property or an index fund. But I'm much more willing to gamble on the opportunity cost loss than have a 100% guranteed $160k tax bill.
+
+Hit me with your thoughts on what an absolute fucking retard I am.
+The tenant has been underpaying since covid started, saying he had his job reduced significantly. He’s currently owing $4,000 and is asking if I could cut that to $2,000. He’s been here since 2018 and had been paying on time. I’m leaning on offering a longer time for him to repay the past dues but I’m hesistant on offering any reductions because the mortgage and taxes and HOA, especially if he moves out later and I’m left with a vacant property. What would you guys do in this case? Novice investor so really appreciate the thoughts!
+Valuation identifies when a company is trading for less than fair value. We use our fundamental knowledge to build a forecast, we use that forecast to value the company, and we win if this forecast is more accurate than the market.
+
+Valuation isn’t a science. Bankers and consultants write books about valuation as a science because their job relies on selling precision, as opposed to actually attaining it. Keynes’ analogy of the stock market as a beauty contest makes clear that even if we knew the future with certainty, we still have to predict how others will feel about the future.
+
+This post is an attempt to provide a starting point to this complex exercise. The simplicity is not to mislead but to give you the tools needed to cut your own path through the jungle.
+
+**Expectations**
+
+I don’t like hard rules but everyone needs to start somewhere:
+
+Buy stocks when the 5 year forward P/E is less than 10. If today’s share price is £1, the company will have to earn 10p five years in the future.
+
+Where did I come up with this number? Nairn and Davis’ *Templeton’s Way With Money*.
+
+Understanding whether your valuation is actually meaningful relative to the market price is hard. To make money, the stock has to beat expectations in some way but what are expectations? Analyst estimates are usually not quite right. It is easy to make mistakes.
+
+This technique provides a starting point, focuses on earnings forecasts, and over five years you will tend to find that earnings anchor prices. The number is not set in stone, market participants do odd things for long periods of time, we are making assumptions about exit multiples too but this is a good starting point.
+
+Another useful book about expectations implied by prices is Rappaport and Mauboussin’s *Expectations Investing*.
+
+**Valuation**
+
+Learning about valuation is tricky because it requires an understanding of accounting and finance. We have simplified the finance part with our forward earnings rule, now we need to tackle accounting.
+
+We are going to go through a valuation for a fictional housebuilder. The business model is simple, and will allow us to focus on the connection between accounting and valuation. We will discuss how to forecast revenue and costs, cover the pitfalls, and then build a simple model. Two additional sections are included which fill in some detail, I advise reading them but they are supplementary.
+
+How do housebuilders make money? Buy land, convert land into houses, sell houses for more than it cost to buy land and build on it. Let’s begin.
+
+**Revenue**
+
+First, we have to think about revenue: the number of houses sold multiplied by the average price.
+
+|Houses sold|Average sale price|Revenue|
+|:-|:-|:-|
+|100|£100|£10,000|
+
+Most financial models will focus heavily on revenue. Not all, but when you think about a business, the starting point should be identifying what drives the top-line.
+
+If the company is a website: what is my projection for monthly active users? Can revenue per monthly active user (i.e. price) grow? Can the website sell their ad space in a more targeted way? Are they improving adtech so publishers will pay more for ad space on their website?
+
+Revenue is always simple: volume x price but we have to be precise about the factors behind each item. Is our housebuilder a premium builder? What is the pricing power within that segment? Is our housebuilder regional? What is housing demand and supply like in that region? If they double production, can the market absorb that? How does that interact with pricing?
+
+As you progress further, you may come across the term “mix-shift”. It is rare to see this modelled separately in the UK but is seen in the US. Mix-shift is the change in average price from a change in volume composition as opposed to changing price marks. In our example, we could get a negative mix-shift from higher social housing volume, so we also have to look at the composition of the product portfolio, model these separately if possible, and think about the effect on selling price.
+
+Housebuilding is interesting to forecast because it is a collection of local businesses under one national brand. Aggregates and cement are two similar industries: the value-to-weight ratio of both products are so low that you cannot profitably transport it outside a certain radius so the economics of each site tend to be local. Before canals/railways/supertankers brought down transport costs for many commodities, the economics of most businesses was local. Valuation models should reflect these underlying aspects of the business: if the business is local, our model has to reflect that.
+
+Analysis of these factors has become vastly easier over the last ten years with the proliferation of data about the world. With housebuilders, you can get data from Zoopla about the local housing market, get site-by-site supply, etc. Be totally explicit about how the company is going to outperform though. Without a model, it is easy to read into a situation whatever you want to be true. If you think the company will grow top-line 20%: okay, how? Volume? Price? Be precise.
+
+**Costs**
+
+Next, we move down the income statement, and consider profitability.
+
+|Gross Margin|Operating Margin|Net Margin|
+|:-|:-|:-|
+|40%|20%|10%|
+|Gross Profit|Operating Profit|Net Profit|
+|£4,000|£2,000|£1,000|
+
+Costs are divided into three categories. Gross profit is revenue minus costs used directly in the production of revenue, land or materials for example. Operating profit is gross profit minus those costs which cannot be attached to specific revenue, for example head office costs or marketing. Net profit is operating profit minus all other costs, for example taxation.
+
+This is oversimplified. Companies have some latitude to select the category of each cost. Tech companies are a current example: server costs are sometimes included in gross margin, sometimes in operating margin, this makes margin comparisons between companies difficult. And this has a big impact on forecasting as one way to understand costs is by comparing with a similar company.
+
+Costs are more tricky to model than revenue because some costs are variable and scale with revenue, and others are fixed. To model costs accurately you need some business knowledge.
+
+Probably the biggest mistake, one particularly common to sell-side work, is modelling fixed costs as a constant percentage of revenue (i.e. it will, incorrectly, scale with revenue in the model). In some cases, this makes sense. If we are modelling a petrol station: we know that fuel purchasing costs are going to scale with revenue. But when this assumption is incorrect, it leads to significant model errors.
+
+An example of this is Boohoo shortly after their IPO. The company missed estimates, and was panned by analysts for investing heavily in warehouses, which added fixed costs before the company could fill the capacity. What the market missed was that revenue was growing 30% and there was almost no chance the company wouldn’t grow into the capacity: revenue kept growing, they had added the capacity already so profit tripled in two years, and the stock went up 10x. A more subtle example, one that I missed, was Greggs. When a high proportion of revenue growth comes down to the bottom-line, due usually to fixed costs, that is called operating leverage.
+
+A mistake in the opposite direction is to model margins in cyclical industries as trending. In these cases, a company’s margins are profit for another company, so margins tend towards stationarity. Housebuilders are a good example: in 2005/06, housebuilders acquired land aggressively on the basis of historical margins but by 2005, land prices were significantly higher than in the past. Demand fell, and this expensive land depressed gross margins for years as housebuilders worked off that inventory. Today, these companies are more focused on margins.
+
+Related to this, supply changes far more slowly than demand but can have a significant effect in determining long-term industry profits. In our housebuilder example, it wasn’t only demand that fell, there was a huge increase in housing supply too. An improvement in margins will not only lead to pressure from suppliers but attract competition. Margins will, therefore, move with the cycle of capital into the industry and tend towards stationarity over the long-run.
+
+Saying the two previous points another way: companies often claim that they have reached some kind of structural break in margins. In my experience, this is rarely the case. Reductions in cost rarely change competitive dynamics totally: prices fall, suppliers demand more, etc.
+
+A general modelling consideration is that costs also act as an anchor for prices. It is tempting to view costs as something separate to everything else in the model but costs are often related to selling prices. In iron ore, you have the low-cost Australian mines running with economies of scale, and the small Chinese mines running at high-cost. The price of iron ore will usually tend to push on those high-cost suppliers but, clearly, it is unlikely to push on the lowest-cost operations. Not every industry has such huge gaps in production costs though. Google's prices, for example, are not anchored by cost.
+
+To return to our housebuilder: gross margin is usually a function of labour, materials, and land prices. Of these three, land prices tend to have the most impact at the margin because they tend to rise much faster than selling prices. Despite recent attempts by the industry to grow margins, I would still be inclined to view industry margins as stationary rather than trending. For simplicity, we have modelled constant margins.
+
+**Model**
+
+So we break each line item down as much as we can, find all the data we can out about those items, forecast revenue and cost, and use these to build a model of the future. We are left with:
+
+||20|25E|
+|:-|:-|:-|
+|Volume|100|120|
+|Price|£100|£105|
+|**Revenue**|**£10,000**|**£12,600**|
+|Net Margin|10%|10%|
+|**Profit**|**£1,000**|**£1,260**|
+|EPS|10p|12.6p|
+|**P/E**|**15x**|**11.9x**|
+||||
+|Market Price|Shares Outstanding|Market Cap|
+|150p|10,000|£15,000|
+
+We project 20% volume growth to 2025, 5% price growth, and constant margins. At a market price of 150p, our forecast is for \~12x multiple at the end of our period which isn’t low enough for us. The market price needs to drop below 126p, according to our model.
+
+A full model would break down volume growth by product, by region, and have more detail. Costs would be modelled line by line. But there isn’t enough space to show you what this would look like.
+
+**DuPont Formula (Further)**
+
+We need to build up some more intuition about financial statements, and the economics of a business as represented by the financials. Businesses vary along two dimensions: margin, and capital intensity. To quantify both, we need the DuPont formula:
+
+Net Margin x Asset Turnover = Return on Assets
+
+We have seen the net margin already but what is asset turnover?
+
+Revenue / Total Assets = Asset Turnover
+
+This is a measure of how much capital is deployed relative to revenue produced. Our housebuilder buys land with cash, has to deploy more cash to buy labour and materials to develop the land, and then gets more cash back when the houses are sold. Asset turnover measures how long that process takes.
+
+We don’t just care about margins - the gap between what houses cost to make and what the company earns from selling them - but also the capital deployed to produce that revenue. Capital is measured on the balance sheet, which is a point-in-time representation of what the company owns, and what it owes.
+
+In our example, if we only had to deploy £10 of assets then that is a very good business. We “turned over” our asset base 10x (100/10) through the year, we “earned” a 10% net margin on every turn so our return on assets was 100% (10\*0.1). If we had to deploy £1000 of assets, we earned a 1% return. Not so good.
+
+When you analyse a business, the first thing you want to ask is: margins, and asset turnover. All businesses vary across these two variables, and by understanding these two variables we can make comparisons of businesses across industries.
+
+Tesco, for example, has razor-thin margins. Terrible business? Not so. If you look at the balance sheet, they have negative working capital. This means that suppliers actually pay Tesco to run the business. Tesco only nets 2% on every £1 of revenue but earns this 2% more than 10 times a year. On the opposite side of retail might be an antique dealer turning their inventory over twice every year but making 50% margins. High and low margin businesses can both earn good returns, the DuPont formula explains how this is possible.
+
+However, a business with low returns may still be a good purchase if we are offered the right price. This is beyond the scope of this post but return on equity is linked to valuation through price-to-book. Stephen Penman’s work covers this, and builds intuition between accounting and common valuation measures.
+
+Also, the above is a simplification of DuPont, companies can borrow money. We don’t care about return on assets but return on equity, which is a function of the above formula and leverage. Again, this is beyond the scope of this article but the “real” DuPont formula includes leverage.
+
+**Cash Flow (Further)**
+
+We haven’t mentioned cash flow because, honestly, accounting is quite boring and cash flow is a simple concept but not particularly easy to understand without knowing about everything else.
+
+Cash flow is a reconciliation between cash on the balance sheet over the accounting period. Our cash balance in 2020 was £100, we started the year at £50, and our cash flow statement tells us where the extra £50 came from over the accounting period. But isn’t cash flow just profit minus dividends and interest costs?
+
+Unfortunately not.
+
+The difference between cash flow and accounting income is accruals, which match the timing of revenue and costs. Accruals are why accounting is complex, and exploiting weaknesses in these rules is how much accounting fraud is executed.
+
+To explain accruals with an example: we start a company with £100 in cash, we build a factory for £100, our factory is magic and produces 200 widgets with no costs with each one selling for £1. What is our profit?
+
+Revenue is £200 with no costs, but what about the £100 we spent on our factory? Do we subtract the factory cost from revenue? There is a mismatch in timing here. Our factory will last for years so we shouldn’t recognise the cost of it all in the current period because if we did our profit next year will jump back to £200, which makes no sense either.
+
+We bridge this gap with a “fake cost” called depreciation. Again, we need to match revenue and costs somehow. Our factory will last, for example, ten years so we recognise the cost of the factory equally over each of those ten years. So our profit in our example is £190 (100 total cost/10 year life = 10, subtract from 200 revenue). We also add an asset on our balance sheet: we initially credit the total cost of the factory showing £100 in assets, then subtract depreciation from this amount as our factory is used. Matching revenue and cost. Matching credit and debit.
+
+Don’t worry if this isn’t totally clear here. As you gain more familiarity with accounts, you will gain intuition. But the point here is that the cash flow statement reconciles the difference between accounting profit and the actual cash flow of the business.
+
+For example, if we look at a company which signs a 10-year contract to maintain a corporate customer’s office, we wouldn’t expect the company to recognise the full value of the contract immediately but over the length of the contract. A large part of Enron’s fraud was recognising revenue for long contracts on signing. Banks did something similar pre-2008 to overstate profitability.
+
+This can work in the other direction too: some companies actually understate accounting profit. An old, but classic, example was British Airways in the late 80s: they owned lots of runways but the depreciation schedule for these runways was much shorter than their actual life, this artificially reduced accounting profit.
+
+The final example is a total grey area: what about a consumer products company that spends heavily on advertising? All of these costs are recognised immediately but advertising can be an investment in the brand, and this spending can accumulate into a huge revenue driver for decades. If rules were changed to allow companies to build advertising assets, it would invite fraud. But the point is that accounting profit doesn’t always recognise underlying economics.
+
+Cash flow is more objective. It is cash-in, cash-out and, depending on the company, you will see cash flow reflect underlying economics over time. Over periods of ten and twenty years, the sum of profit should equal cash flow but over shorter periods, there is an important difference.
+
+**Summary**
+
+* 5-year forward P/E ratios under 10
+* Revenue model based on an analysis of volume and price. Cost model considering the difference between fixed and variable costs.
+* Model should provide an explicit view on how the company hits targets.
+* Use the DuPont formula to understand and compare business economics
+* Understand when accounting profit isn’t actually profit, or when cash flow is more representative of the underlying business
+If interest rates are the "price" of money and it's liquidity, shouldn't it be set by the market instead of a central authority? How is the control of interest rates any different from any other form of price control (which I was taught creates inefficiency)?
+* A few non-GME tickers are being spammed with awards on other subreddits: [https://i.imgur.com/QiHJHDx.png](https://i.imgur.com/QiHJHDx.png)
+* "A week old post of mine on X got 10 anonymous awards today. Super suspicious.": [https://www.reddit.com/r/stocks/comments/l53bbw/todays\_posts\_about\_nok\_and\_amc\_on\_this\_sub/gksdn13?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/l53bbw/todays_posts_about_nok_and_amc_on_this_sub/gksdn13?utm_source=share&utm_medium=web2x&context=3)
+
+I think the large players are starting to realize they need to take the retards on reddit seriously. I think they're attempting to astroturf the investing subreddits by giving awards to tickers they have a vested interest in. And at this moment, that's anything that isn't GME. They know that once the prevailing enthusiasm subsides they'll have the opportunity to close.
+
+Stay wary and stay vigilant my comrades. This is a war of attrition.
+
+Positions: $8k in shares/calls GME 🚀🚀🚀
+
+​
+
+Edit: I'm in no way advocating for everyone to go all in on GME, or for this sub to become a one-ticker show. I'm only pointing out that some of the recent activity is highly sus and to be be wary of all posts – including this one. With that said, GME to the god damn moon 🚀🌕
+GameStop has announced a dividend stock split. Does this presumably mean the company is offering new stock via a dividend and the share price won’t divide / dramatically decrease as is the case for a stock split like google & Amazon?
+I've taken a few econ classes and have learned about econ obliquely through studying other subjects and it sounds like he doesn't know what an externality is, though I'm not a degree holder in the subject so I'm trying to entertain the possibility I might be wrong. 
+
+If this was true and negative externalities were super common, wouldn't this undermine the notion that markets are highly efficient? Not just in the strict economic sense of resources going to those who are most willing to pay for them, but in the "invisible hand" sense that a proliferation of exchange will inevitably bring all of our qualities of life up. If costs are externalized too much, wouldn't this threaten the gains of trade?
+I'm scared of this economy being built on paper money with companies being valued at insane multiples and countries being overloaded with national debts. Meanwhile governments are printing money as a stimulus at the cost of inflation and flooding the market with excess of devalued currencies.
+
+An average Canadian can't leverage debt so it throws money into the equity market hoping to luck out, instead of spending the money and circulating it back into the economy. The government is making policy choices that make jobs disappear and every sector other than tech is getting decimated and falling behind in times.
+
+I sense some form of major correction due, especially with money being thrown at tech and real estate particularly. A lot of people will bleed when the market re-balances. Just like in 2018. No way this economy holds up, surely we must be skating on thin ice.
+I see loads of stories here of people in their teens / early 20’s with $50-100K in the bank, houses, cars, successful businesses. 
+
+I’d love to hear stories of people who didn’t get serious about their finances until later in life and have achieved lots.
+It strikes me as odd that these markets are dominated by "contracts", which in the main result in the user not really getting what they want. I appreciate that a commitment to a product makes the suppliers income more secure, but how is it not almost monopolistic that you have an array of companies which, although different, offer more or less the same products which tie you in to something you don't neccessarily want, and yet most people buy. Annecdotal evidence suggests that most people have parts of a calling plan they don't want, or their ISP's "unlimited internet" results in them being placed on a fair usage policy and so on. Is this not indicitive of how little sway a consumer has over the market? Why does the law favour this situation, and why have no companies taken steps to address this with simple on point service provision, with no contract and customisable options? The homogeneous nature of the cell phone market (which is almost like for like, give or take $5 on some contracts) and the similarity of ISP packages surely is not a natural market formation? Does this represent a lack of power on the part of the consumer?
+So, I'm not sure if this is an appropriate sub to post my story. By all means, remove it if I'm breaking a rule. I'm not a huge reddit person, so if anyone knows any other subs where this story would belong, please let me know. This story takes place in the USA.
+
+I want to start off by saying that my story isn't particularly exceptional. There are absolutely people out there who have come into far more money and wasted it all. I have had people tell me that it'd be more surprising if I *hadn't* messed up as I did, due to my age and utter lack of guidance or foresight. But I'm not here to spout excuses, nor am I looking for judgment or any "You should have used it xxx way instead." This happened 6 years ago - it's far too late. I certainly do wish I had come to a place like this for advice back in the day, though. I am posting this to share my experiences - either for entertainment purposes, eye-opening information, or as a warning to others who come into any sizeable amount of money.
+
+Let me be the perfect example of everything you DO NOT DO with a large amount of money. It has taken years for me to build up the courage to sign back into my old bank account and look at this information and these numbers. I literally could not bring myself to do it for a very long time. The first time I tried, I had to turn the screen off almost immediately. And that was 5 years after it was all over. I have spent a long time just trying to forget and pretend this never happened - even going so far as to omit this part of my story entirely when I share my life experiences with others. But, I am trying very hard to face myself and my problems lately, and this is part of it. I can honestly say that these mistakes have absolutely *fucked* up my entire life and taken my only chance away from me to gain a proper foothold in society and be on the same level as anyone else who was able to go to college and get a properly paying job. Now, my situation itself is fairly rare. But, I think universal lessons can be taken away from this. Hell, regardless of any of that, maybe this will simply entertain a few people at how fucking *stupidly* easy it is to waste this much money.
+
+I won't get too much into my life story, because it's very long and complicated. But basically, I had slightly older middle-class white parents with good jobs. They both had type-2 diabetes and didn't manage it. So, they both passed away at different times once I turned 18 and had just finished high school. The rest of my family didn't give a shit about me after that, instead my half-siblings and my dad's new girlfriend (parents had divorced 2 years before dying) just vultured and stole away 1/3 of my dad's life insurance money that really should have went to me, because they were all financially stable and didn't need it, whereas I literally had nowhere to go and couldn't get any help since I was already 18. If there was anywhere I could go for help, I sure as hell didn't know about it since I grew up without needing social assistance or anything like that.
+
+But in any case, my 1/4 portion of my dad's life insurance was $116,000. (Mom's was just 10 grand and I wouldn't get it until 1 year later and it was also wasted in the same way so I won't elaborate on that part) If anyone is curious about how it was so high, he was an airplane mechanic at a major international airport in Houston. He had life insurance through his job through MetLife.
+
+I continued living in his house until I got the eviction notice. (It wasn't paid for and I couldn't afford the payments on it.) Then I just ran around like a chicken with its head cut off, staying at hotels at a weekly rate (the one thing I did right - use weekly rates if you need to stay for a prolonged period of time!!) and ordering pizza every night because I didn't have a stove to cook on and was too much of an idiot to just buy bread and microwaveable food or something.
+
+You'll find a lot of that in this information I'm going to share - I was just a fucking idiot. I was 18 years old (turned 19 soon after getting the money) and I grew up in Texas where we have a garbage educational system even compared to other states. My parents never taught me anything about financing since they had so much damn money every paycheck that they never had to worry about saving or investing properly. I literally had no idea what to do and didn't even think of even asking online for advice, much less going to see a financial advisor. I didn't know they existed!
+
+Now, I will let my bank account speak the rest for itself. The following is a video of me scrolling down my transactions on my bank's website. This account has been closed for years now, so I see no danger of anyone causing any harm. It's not like the account numbers are shown in full or anything. And yes, I used Hypercam to record because OBS wasn't working. :') It's a pretty long video, so it's probably easier to fast-forward it a bit. I open a text document and briefly explain some major purchases.
+
+[https://www.youtube.com/watch?v=e52uLIr\_A2I](https://www.youtube.com/watch?v=e52uLIr_A2I)
+
+The Too Long Didn't Watch version is:
+
+The $116,00 was deposited on November 19, 2013. By June 30, 2014 it was gone.
+
+\- $33,000: old house in the slums of Toledo, OH that I did not realize was in the slums because I did not research the area beforehand and even ignored a warning from my real-estate agent's husband about the area because 19 yo me was an idiot. **I lost $25,000 here** because I only was able to sell it back for **$8,000** due to vandals.
+
+\- $17,000: Two different overpriced used cars bought from dealerships that together did not last me beyond mid-2016.
+
+\- $5,000: Paying for the repairs of my car by myself after I swerved due to ice on the highway and crashed it. Did not know that auto insurance pays for repairs even if it's your fault. \*facepalms\*
+
+\- $2,600 on an Alienware PC that stopped worked after 3 months because I accidentally spilled water on it and thus was not covered under the warranty.
+
+\- Thousands on a big TV, furniture, and appliances that ended up getting left behind at the Toledo house because I didn't have enough money to move it to the next place I went to live at with my partner after fleeing the Toledo slums.
+
+And the rest? Eating out/food delivery every day due to being too afraid to drive after the wreck and witnessing people driving like maniacs every time I went out on the roads in Toledo, ordering lots of anime figures and various goods of that nature, tons on digital entertainment like Second Life money, cosmetic items on mmorpgs, and currency for mobile games that I no longer play.
+
+Combine all of this with earning no income from any sort of job, and that shit just drained riiiight on out.
+
+It is now April 2020. I will spare the details of my personal situation and everything that had happened personally over all these years, but I have ended up homeless multiple times. I have type-2 diabetes that was diagnosed *before* my parents passed away, and all of that eating out has permanently ravaged my health and progressed the disease to the point where I now feel very lethargic from simply eating a few slices of bread. I have also been unable to afford health insurance to pay for medicine for years. And now that I finally moved somewhere (Michigan) that has a way for the poor to get health insurance, this corona shit just exploded and I can't go see a doctor to get any medicine because the bus system won't take anyone anywhere for a non-essential medical trip. If I wasn't working part-time at a grocery store right now, I'd be fucked and homeless. Again.
+
+All that stuff I bought with the money? Yeah, I don't have any of it anymore. The ONLY thing I still have is the $2,000 Alienware laptop that I bought alongside the PC. It runs like shit now since it's been 6 years, and it probably will stop working at any moment. Being forced to move around a ton and ending up homeless caused me to lose everything else I had. (Which wasn't even that much - most of the money had went to eating out and making big dumb purchases that didn't last) I'll add that my mental state was actual garbage throughout all of this as well. I have often felt as though I'm living in a post-apocalyptic alternate reality that was caused by my mistakes. It has taken this long to feel comfortable looking at this bank information. I still wince. I have to laugh at myself to keep from plunging back into the sea of regret and despair. I've floated in that sea from the moment I started wasting that money.
+
+And there that's my story. I saw my $1,200 stimulus deposit two days ago and just laughed at it. I'm going to pretend it doesn't even exist. I fucking *know better*. I walked through the fires of Hell to learn not to waste money, heck if I'm going to repeat the past even on a small amount.
+
+If anyone would like me to send them my account statements (they're in formats unfamiliar to me like .ofx, .qbo, and .csv) in order to make any sort of compilation of data or even to study out of curiosity, just send me an e-mail. (I've got reddit messages turned off) You can find it in the About tab of my Youtube channel.
+
+Thank you for your time. I am happy to share my experiences, no matter how idiotic and full of shitty mistakes, if it can help anyone at all, or even make a single person laugh.
+Bajaj Holdings and Investment Limited is a holding company with strategic investments in listed and unlisted Bajaj group companies and financial investments in other equity shares, fixed income securities and investment in properties. The company is a case of markets attaching a deep discount to its intrinsic value (underlying investments). Usually holding companies trade at a discount of 20% in the foreign markets but in India the discount can be as deep as 80%.
+
+Let us understand first the type of holding companies -
+
+Holding companies can be divided into three broad categories -
+
+Core Investment - The company holds strategic and financial stakes in companies. The company has no operating business except investing and derives all of its value from its investments.
+
+Examples - Bajaj Holdings and Investments Limited, Maharashtra Scooters Limited, Tata Investment Corporation Limited, Sasta Sundar Ventures .
+
+Holding company with an underlying business model - The company has a standalone business which it operates but it derives a majority of it’s value from its investments.
+
+Examples - Bombay Burmah Trading Corporation, Godrej Industries Limited, Info-Edge India Limited, Grasim.
+
+A company with a sizeable investment- The company has a very strong standalone business but the company also has investments which are substantial in nature.
+
+Examples - HDFC Limited, Bombay Stock Exchange, SBI, L&T.
+
+Analyzing Bajaj Holdings and Investments Limited investments -
+
+41.63% stake in Bajaj Finserv Limited - Market Value at 85,867 crores as on date.
+
+35.77% stake in Bajaj Auto Limited - Market Value at around 40,774 crores
+
+51% stake in Maharashtra Scooters Limited - Market Value at around 2140 crores.
+
+Other investments in group companies such as Bajaj Electricals, Mukund Limited and Hercules Hoist which were valued at around 1970 crores as on 31st March 2021.
+
+Non-strategic investments were valued at around 9,403 crores as on 31st March 2021.
+
+The total investment value of Bajaj Holdings comes to around 1,40,154 crores. The company does not have any meaningful debt. Bajaj Holding has a market-cap of around 43,345 crores which indicates a holding company discount of 69%. This is in comparison with holding companies abroad which trade at a discount of 20%.
+
+We have analyzed below market cap of Bajaj Holdings as at year end since 2008 (1st year of demerger), its investments and holding company premium discount in each year.
+
+Attaching the chart for Bajaj Holdings and Investment Limited -
+
+
+As one can see, the holding company discount of 66% as on March 31, 2021 is the sharpest in the history of the company. The gap has only widened in Q1 by another 3%. The mean holding company discount across last 13 years is at 52%.
+
+If the valuations were to reach the mean valuations, the company would be valued at around 66000 crores, signaling a 52% valuation increase from current price.
+
+On 31st March 2008, the company was valued at a 38% premium over the investment value and the company has seen oscillated in the holding company discount range of 35%-70%. Currently, the company offers an excellent margin of safety being at the lower range of the 69%.
+
+Reasons for deep discount for Holding Companies in India -
+
+Perception as value traps - Most investors stray away from holding companies as the last decade has generated returns lower than the invested companies and in some cases holding company discount has widened further lowering the returns. This is an example of companies where decent returns can be made(provided the underlying investments can grow) with a high margin of safety especially in a market where deep value has not performed well in the last few years.
+
+Low Mutual Fund Activity - There has been very low activity by fund houses in Bajaj Holding except Parag Parikh Mutual Fund. The total mutual fund holdings as on 31st March 2021 is 1.91% of which 1.67% is of PPFAS mutual fund and balance for Nifty Next 50 index funds.
+
+The case is similar for Tata Investment Corporation which has mutual fund houses holding of less than 1% and Godrej Industries where mutual fund houses have held 1.2%.
+
+A deep value/contrarian fund manager entering a large holding company can significantly re-rate the sector. (Read Sankaran Naren / Prashant Jain ICICI/HDFC) both well known deep/contrarian investors.
+
+Passive promoters - Promoters have been passive with not returning the excess money they have, some of the promoters have resorted to not paying/increasing dividend. Except for Tata Investment Corporation which went for a buyback some while ago, not many companies have tried to do anything to bring holding company discounts lower.
+
+A criticism for Bajaj Holding lies in the fact that the company failed to increase its stake in any of the group companies during the pandemic, where Bajaj group was hit severely which questions the entire investing strategy of the company as a whole.
+
+International Case Studies -
+
+Naspers and Prosus - (South Africa and Netherlands)
+
+A classic example of a holding company valuation difference can be seen when comparing Naspers (the largest listed company in the African continent) and Prosus(the international internet assets division of Naspers) . Naspers and Prosus both are related companies and a majority of value comes from its share in Tencent and other invested companies.
+
+Naspers is listed on the Johannesburg Stock Exchange and was trading at 35 percent below its Net Asset Value.
+
+Meanwhile Prosus is listed on the Amsterdam stock exchange and was trading at a 20 percent discount below its Net Asset Value.
+
+Recently both Naspers and Prosus announced a share swap deal to try and reduce the holding company discount of the Naspers.
+
+As we see, relative mature markets have a smaller holding company discount than the emerging markets one, however the holding company discount
+
+Poongsan Holdings - (South Korea)
+
+An older case study, Poongsan Holdings is a holding company with multiple operating subsidiaries whose most significant holding is its 33% interest in Poongsan Corporation, a manufacturer of fabricated non-ferrous metal products which Poongsan Holdings spun off in 2008. As per the chart below (the Y-axis is the market capitalization or value in millions of South Korean Won), Poongsan Holdings (blue line) used to trade significantly below the market value of its 33% interest in Poongsan Corporation (red line), but the sum-of-the-parts discount was gradually narrowed over time and eventually closed in late 2014. This shows that markets can discount holding companies for a period of time but the deep holding company discount can be bridged. Though the holding company discount has come back as on date, the holding company discount as on date is at 19% in line with the other peers.
+
+
+Source - SeekingAlpha.com
+The case for Holding companies - Even in some extreme cases, the holding company discount for most companies is limited to around 40 percent and there are ways to reduce/eliminate the holding company discount by either reverse merger, a large buyback or a material unlisted company getting listed.
+
+Accelerated returns - Holding companies trading at a very steep discount may give accelerated returns from 2 avenues.
+
+Increase in the underlying investments
+
+Reduction in holding company discount.
+
+An example of the same, is if the underlying investments grow by 20% in a year and holding company discount reduces from 70% to 50% the total returns for holding company will be a 100% increase.
+
+Reverse Merger - The easiest way to narrow holding company discount is to reverse merge where the holding company merges with a company it is invested in.
+
+Take the case for Equitas Holdings and Equitas Small Finance Bank or Ujjivan Financial services and Ujjivan Small Finance Bank. The holding companies are reverse merging with the SFB which is their investment. Due to reverse merger, Equitas Small Finance Bank will be the only listed company when the merger is complete and shareholders of the holding company will receive shares of SFB. This will substantially narrow or may even eliminate holding company discount.
+
+Other holding company which may reverse merge is Bandhan Bank with Bandhan Financial Services and HDFC Limited with HDFC Bank.
+
+Most reverse mergers are done for 2 things, shareholder value unlocking and reduction/elimination of promoter share for Banks(including SFB).
+
+Another classic case which I covered a few weeks ago could be reverse merge in the future could be Sastasundar Ventures with Sastasundar HealthBuddy Limited (the e-pharma unit of Sastasundar).
+
+Value unlocking - Value unlocking may happen when an unlisted share in the books gets listed which results in a re-rating of the company.
+
+Go Air has filed for DRHP which could see some value unlocking for Bombay Burmah Trading Corporation.
+
+Similarly a listing of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance may unlock value for Bajaj Finserv which in turn would help unlock some value for Bajaj Holdings. Bajaj Holdings also holds unlisted shares of companies such as NSE, FabIndia and India Commodity Exchange Limited which may unlock some value if and when they list strongly.
+
+The listing of Zomato and Policy Bazaar may unlock value in Info-Edge India.
+
+Holding Companies Premium -
+
+Not all holding companies trade at deep discounts, some trade at high premiums to its NAV.
+
+Info-edge (India) is one such example, Info-edge has a very strong operating business via Naukri.com a job portal however most of the value for the company comes from its unlisted investments primarily in Zomato(to be listed soon) and Policy Bazaar and other unlisted invested companies. Even after factoring the unlisted investments at a not so conservative basis, the company still trades at a premium.
+
+Another example is of Xelpmoc Design and Tech Limited who trades at a significant premium to its value of investments (primarily Mihup and Fortiga).
+
+In both the cases, the common point is both companies invest in early stage startups and the market does not attach the same holding company discount to these companies.
+
+Attaching a list of some of the holding company and their primary investments -
+
+Bajaj Holding and Investment Limited - Pure Holding Company - Major Investments - Bajaj Finserv, Maharashtra Scooters and Bajaj Auto Limited
+
+Godrej Industries - Standalone Business - Chemicals - Majority Holdings - Godrej Properties, Godrej Agrovet and Godrej Consumer Products Limited
+
+Tata Investment Corporation - Pure holding company - Titan, Tata Consumer Products, Trent, Voltas and Tata Capital (unlisted)
+
+Kama Holdings - Pure holding company - SRF Limited
+
+Maharashtra Scooters - Pure holding Bajaj Finance, Bajaj Finserv, Bajaj Auto and Bajaj Holdings.
+
+Sastasundar Ventures - Pure holding - SastaSundar HealthBuddy Limited (unlisted)
+
+Grasim Industries Limited - Standalone business Chemicals - Ultra Tech Cement and Aditya Birla Capital.
+
+Nalwa Sons Investments - Pure holding company - Jindal Saw, JSW Steel
+
+Kalyani Investments - Pure holding company - Pure holding company - Bharat Forge, BF Utilities
+
+EID Parry - Standalone business - Sugar and nutraceuticals. Carborundum Universal, Cholamandalam Investment and Finance Limited and Coromandel International.
+
+Pilani Investments - Pure Holding Company - Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement.
+
+Ujjivan Financial Services - Pure holding company - Ujjivan Small Finance Bank
+
+Equitas Holdings - Pure holding company - Equitas Small Finance Bank
+
+Bombay Burmah Trading Corporation - Primary business - Tea and Coffee Plantation. Major holdings - Britannia Industries, Bombay Dyeing and Go Air.
+
+Sundaram Finance Holdings - Turbo Energy, Brakes India, Wheels India, Sundaram Clayton, Indian Motor Parts and Accessories Limited
+
+L&T - primary business - Infrastructure - L&T Infotech, LTTS and Mindtree.
+
+Others - SBI, ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Limited, HDFC Bank, Aditya Birla Capital.
+
+Conclusion - The first rule of buying a holding company is ensuring that the underlying investments are solid, ideally would stick to larger companies. Companies who do not pay dividend or and have high debt are unlikely to be re-rated significantly.
+
+Buying a holding company where it is in the lower end of historical average is a decent way to ensure a margin of safety, most holding companies fall in that category currently.
+
+Also, most of holding companies move together so incase a large holding company reduces holding company discount rapidly , the smaller holding companies should also reduce the holding company discount albeit a time lag.
+
+Bajaj Holdings provides a good margin of safety owing to strong underlying assets and a deep discount to its underlying investments(almost at the largest in it’s history).
+
+Disclosure - Invested in Bajaj Holdings and Investments Limited.
+
+An update - This newsletter is now the 5th largest Indian Finance newsletter by subscriptions on Substack despite joining only a month and half ago. I believe we can hit number 3 by end of the month, and hit number 1 by end of September. Thanks a lot for everyone for your support.
+No TLDR. I would like you to read this.
+
+I am not a financial advisor and this is not financial advise. Many of you apes are saying you plan to hold for numerous reasons; some apes want to be a philanthropist, while others for their loved ones. Those reasons will help strengthen your resolve. The real resolve to become diamond hand is to use common sense. 
+
+https://i.redd.it/9r8mosz38d171.gif
+
+I need every retarded ape to drill in their brain basic math. TSLA had a short of 20%, a larger float than GME, a bunch of paper hand folks who didn't even know about the SI or believe in the damn stock, and it went to 4.5k (Combine 5:1 split) a share.
+
+GME has a short of 140% (That's the highest number it can be reported as. It's probably 777%+), a smaller float, and diamond handed folks. So even if you're a paper hand f\*\*k, common sense dictate that you hold to at least 31.5k. That's basic math. Any number less than that, like 5k or 10k mathematically makes no sense. I did not even factor in the finra short change rule f\*\*kery, how much lower the share amount GME has, or that institutions already own the float. **That's how ridiculously generous 31.5k a share is you retarded apes.** And because many of you are retarded, no, institutions can not on a whim sell all their shares. I don't know how I can make this more clear for you retards to understand. 
+
+And to assist with your resolve, back in late February, Finra changed how they reported short interest calculation. They no longer report short interest but short % of the float. What calculation are they using for the float? Are synthetic shares included in the float? They refused to let us know. That's how large the damn short is...
+
+So hopefully I established basic sense into you. When and **BY THE TIME** it gets to 31.5k, **STAYS** at an uptrend price, and 5 days **HAVE PASSED**, even the largest liquidity short hedge funds would have been margin called, and **that's when the price stop mattering**. Since at that point, the short hedge funds no longer determine when they buy and the brokerage/clearing house takes over and buys at market price. If the damn clearing house goes bankrupt, then you wait until the DTCC takes over. It may take the DTCC a month before they take over, but they'll pay up. And finally, if the DTCC goes kaput, then you wait for the FED to print our damn money. That's why the floor is 20 million. 
+
+I need you to understand each hedge funds short position amount is different and each short hedge funds liquidity is different from one another. SHF get margin called at different price range.
+>	Google is exploring an investment in Vodafone’s struggling India business in a move that could pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market, according to people familiar with the matter.
+
+>One of the people said Google was considering buying stake of about 5 per cent in Vodafone Idea, a partnership between the UK telecoms company and India's Aditya Birla Group that has been under severe financial strain. Another said the process was at a very early stage.
+
+>Any push by the Silicon Valley-based company into India would come against a backdrop of intense interest in the country’s booming mobile sector. Reliance Industries’ Jio — owned by Asia’s richest man Mukesh Ambani — has in recent weeks secured more than $10bn in investment from Facebook and private equity groups including KKR, General Atlantic, Vista Equity Partners and Silver Lake.
+
+>Google parent Alphabet has also held talks about acquiring a stake in Jio, and although discussions are still ongoing, it has lagged behind its rival in securing a deal. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio but the company could also make multiple investments in India.
+
+>Google’s effort to follow Facebook in securing a foothold in India highlights the appeal of the country, where telecom operators enjoy hundreds of millions of subscribers each.
+
+>Jio was able to attract this money [into India] first; now everyone else wants to play catch-up Anshuman Mishra
+
+
+>Even as India’s two-month coronavirus lockdown upends economic activity, many of these users are consuming more mobile data than ever before and turning to services such as digital payments and online shopping in increasing numbers.
+
+>But US companies have faced competition from Chinese investors. Rising anti-Beijing sentiment in India linked to coronavirus prompted New Delhi last month to tighten restrictions on Chinese foreign direct investment.
+
+>“There aren’t that many options for big foreign tech companies to invest in India,” said Anshuman Mishra, who advises Asian corporations on strategy. “Jio was able to attract this money first; now everyone else wants to play catch-up.” 
+
+>Google has long harboured ambitions for India. It has pushed its Android mobile operating system in the country, though an effort to launch a version tailored for emerging markets had mixed success. But its mobile payments service has grown rapidly since its 2017 launch in India, becoming one of the most popular in a crowded field.
+
+
+https://www.ft.com/content/3f763918-d0b1-4a02-a581-e241753c75eb
+A shock for Netflix (NFLX) shareholders: they've started [losing subscribers](https://www.ft.com/content/70a28358-8720-4f36-a5b4-24dc0f3be9a3), for the first time in a decade. 
+
+Now, I don't hold stock in Netflix, but I thought it may be an interesting discussion, being that so many people in the UK - and likely, on here - subscribe to Netflix.
+
+My question to people with portfolio exposure to Netflix, Disney+, Amazon, etc in their portfolios is, what would you like to see which would encourage you to invest more in streaming services?
+
+​
+
+As a value-added, here are my entirely amateurish thoughts on Netflix as service from a UK-based subscriber:
+
+* **Unnecessarily elaborate, expensive content.** A question I have is: is Netflix, and other streaming services, paying for too much unnecessary stuff? I'm talking shows with elaborate sets and production and special effects, which may attempt to cover up what can be badly-written dialogue, unclear storytelling, and un-needed, costly changes of locale. Surely if consumers wanted that, they'd go see a superhero flick? Is this the time to do more with less - and focus on 'smaller' shows with better writing. Case in point: the Godfather cost about $6 million at the time, and grossed close to $300 million. Yet it entirely lacks special effects, and seems to be mostly shot around people's houses.
+* **Long waits for flagship content.** We don't have to start on how the pandemic delayed content. But do people really want to wait two years for the next season of *Better Call Saul*, or around the same time for half a season of *Ozark*? Can't Netflix find a way to speed up its productions? Case in point: 50s sitcom *I Love Lucy* managed 180 episodes (albeit cheaply made, with very few sets and only simple editing) in six years. *Ozark*? 37 episodes.
+* **Consumers likely aren't loyal to streaming services**. If there's a show you really want to want, you might subscribe, watch, and then drop-out. Netflix surely faces this problem too, which its own films, like The Irishman, surely don't solve.
+* **Too much focus on technical**. Netflix of course knows best, but does the newly-announced cracking down on password sharing move the needle? Do the kind of people who share passwords people who would happily pay - or are the people who'd only pay
+* **Rising prices.** The price for a mid-level subscription is going up £10.99  - which breaks an important psychological price-point. No, it's not really a big deal in itself, but any kind of price increase makes you ask the question to yourself: do I want to keep this? Furthermore, in the UK, a TV license is roughly £150 per year - so once Netflix gets close to that, it's directly competing.
+* **Anti-subscription psychology.** Anecdotally, one of the first things people do to cut costs is to cancel their subscriptions, including Netflix. I don't personally see the sense of this - £10.99 a month isn't going to change many people's lives - but they do. 
+* **Failure to innovate.** Remember TV talent contests, where people would phone in to vote for who should win? Heck, even in the Soviet Union, where many people didn't own phones, found a way to get people to vote by getting people to turn the lights on and off and measuring power input. Is there an opportunity here for Netflix to develop more interactive, diverse content? As well as talent contests, this could include artsy, independent films, exclusive content from Youtubers, and possibly games.
+[It's an old article from last month](https://www.bbc.co.uk/news/business-53996191) , but it really does highlight the disparity between the US tech sector and general state of affairs in the UK. Even if the UK index was at its high of around 7600, AAPL wouldn't be far off the value of the top 100 firms.
+
+It's both baffling and defies belief that AAPL is values higher than the BP's, Shells, Banks and Mining firms in the UK market
+Hey /r/personalfinance,
+
+This just happened about an hour ago, but it has me feeling like I have to tell someone. It's a slight twist to the normal thank you posts.
+
+I was at work when I got a call from a number down in the Dallas area. I live in Tennessee, but I'm from Dallas, so I knew they had to know me. I answered, and it was a company looking for my mom. I told them I don't live with her and hung up. A quick Google search of the company returned an auto finance company. Looks like my mom missed a payment or two.
+
+I texted my mom letting her know they called and asked how much she was behind. My mom is stubborn as all get out. She refused to let me know anything saying "Can't really talk, son. I'm not asking my kids for help until I am 100 years old. I'll be okay. I've just spent almost $2000 on [the dog]'s eye and I will have to wait to pay it."
+
+Now, my mom loves her dog more than either of her kids. At least that's the joke. There is some truth to it. The dog is 17 and has cheated death countless times over the last few years. Dude just won't quit.
+
+I was persistent and asked her how much she needed and she said $30. I told her no one calls over $30 and to tell me the truth. All she would say is one payment.
+
+In the past, I had sent her money for her birthday from my bank account, and lo and behold the transfer information was still there. I sent her a text telling her I still had it and I fully intended on helping.
+
+In late summer 2014, I got out of the Army. In typical veteran fashion, I was unemployed, severely depressed, and all around fucked. My mom took me in and did the best she could to get me going again. My stepdad eventually bought me a cheap car cash so I could move to where I am now which led to my current job which pays fairly decently. Definitely the most I've ever made.
+
+When I got this job, I slowly started saving while getting my stuff together. This sub was so inspiring. I have an addiction to seeing my accounts grow. From $400 to my name in September 2014 to having 3 months salary in savings.
+
+So I sent her a text saying last chance to give me a real amount. She sent back "$200. But seriously, son. I'll be okay."
+
+Yeah, Mama. You will be. So I sent the transfer. But not for $200. I still think she was lying. I sent $500.
+
+And it didn't hurt at all. It felt GOOD to be prepared to help. I don't care about that $500 at all.
+
+I've seen a lot of people say that by paying bills for loved ones you're enabling bad spending habits. Normally, I agree. But when it's your mom facing repossession, it's hard not to help when you have the means to. I'm not worried about it becoming a habit. I know she's bawling her eyes out right now. She's embarrassed. She doesn't want to accept help. But she totally deserves it. 
+
+Hell, maybe now she'll love me more than the dog.
+
+Edit: Thanks to those who gave me gold! I've had a few people ask for pictures of my mom's dog, so [here ya go](https://imgur.com/a/e9vkO).
+ [https://www.cnn.com/2019/05/31/success/feel-wealthy/?utm\_source=ADA\_Optimizely&utm\_campaign=horizontalstripbiztest&hpt=ob\_blogfooterold](https://www.cnn.com/2019/05/31/success/feel-wealthy/?utm_source=ADA_Optimizely&utm_campaign=horizontalstripbiztest&hpt=ob_blogfooterold) 
+
+This article did better at capturing our collective sentiments than most have. They went through the math of how much you could spend with a 3% SWR on $2.26M, and interviewed several people with different NW's and different ways of getting there. 
+
+To me, the fact that CNN is doing an article like this makes me think we might be a lot more mainstream than before. I would like to see more from them on this, maybe even a recurring segment with different financial tips. Would be cool if they did a long term "ride along" with someone on their path to FIRE. 
+
+Our personal goal to RE is a bit higher than $2M, closer to $4M, but curious what others have to say.
+This is the infinite money glitch as I see it, explained for 🦧retard apes like me.
+
+[Thanks to Criand's explanation of how SFTs facilitate the reseting of FTDs.](https://www.reddit.com/r/Superstonk/comments/opuziu/visual_of_the_sft_trades_to_prevent_shorts_andor/)
+
+The basic premise is that mommy and daddy both balance their books, but mommy and daddy don't talk to one another, so you can scam the system by kicking the can between them.  If you can reset an FTD  (failure to deliver), you can make infinite money from nothing.
+
+👩Mommy = Market Makers
+
+👴Daddy = DTCC (Clearing house)
+
+😈Child = Hedgefunds (aka dirty fucking assholes)
+
+🍌GME Shares
+
+When 😈SHFs sell a 🍌share they don't have, 👴daddy basically gives them a month to locate it or else they label it a FTD and it becomes belt whooping time.
+
+>*Child, ya can't sell a promise. Go make good on that promise or I'll bend you over and beat ya raw*
+
+Well, the 😈 did sell that promise. Sold it for 💲. And for a whole month, the 😈 SHF is walking around with pockets full of 💲 all for doing nothing! But the month is coming to a close, and 👴daddy is begining to reach for the belt.
+
+Well 😈 has never had any 🍌to sell and can't find any, so he goes to 👩 mommy.
+
+>*What's that? You spent your allowance already? You need some 🍌to go buy ice cream? You promise you'll pay it back? Oh, don't worry honey, mommy loves you.*
+
+👩Mommy 'poofs' an imaginary 🍌share into existance and gives it to the 😈 SHF. That's what mommy is for, to smooth things out between allowances. But don't be fooled, mommy isn't a pushover, it's not a gift and she wants that 🍌share back soon. She's raising a responsible little child and won't let them run a debt.
+
+Well the 😈 SHF takes that 🍌and gives it to 👴daddy. Daddy checks it off. It took a month but their child sold a 🍌 and they delivered a 🍌. 👴is proud of their honest child. But here's the thing - 👴Daddy DTCC can't tell the difference between a real 🍌 and an imaginary fake one that 👩Mommy Market Maker created. ***They look the same to him.***
+
+Well now all 😈has to do is make mommy happy. He goes into a dark spot on the playground and buys a 🍌from another 😈 friend of theirs using his 💲 from his sold 🍌. It isn't a *real* 🍌 they are buying (their friend is running a scam too) but the fake share will fool mommy.
+
+And so 😈 takes that 🍌and gives it back to 👩Mommy. Mommy is so proud of their child. She 'poofs' that 🍌out of existance, and zeros out the loan. But here's the thing. That banana was *sold* but hasn't cleared the other 😈's Daddy yet. Mommy can't tell the difference between a real 🍌and one that hasn't been located and settled with 👴Daddy DTCC yet. ***They look the same to her.***
+
+Mommy and Daddy don't talk to each other.
+
+\-------------------
+
+Wait you say, but the 😈 didn't make any money! He kicked the can back and forth between the DTCC and a Market Maker (like Citadel), but what's the point?? He sold a 🍌for 💲 ... but a month later he just spent a 💲 for a 🍌so nothing changed in the end!!
+
+Well, for **29 days** 😈had a pocket full of 💲. And for **one day** his pocket was empty. If they naked short sold 1x🍌 each day, then every single day of the month, their pocket would have 29x💲 in it. Their pocket would ALWAYS be full.
+
+Maybe they take 1x💲 out of their pocket to buy a 🚢 yaht with. No big deal. Each day they only need a single 💲 to reset that day's scam, and after reseting the just naked shot again and get the single 💲back! And they still have 💲x28 left! Let's buy some 🚢🚢🚢s!
+
+And you know what, this works so well, I think I'm going to start naked short selling 2x🍌🍌 every day now. **Infinite money glitch**. All because 👩Mommy Market Maker and 👴Daddy DTCC can't recognize each other's fake temporary asset from a real one.
+
+That's the beauty of this. The DTCC has a system to prevent naked short selling, and Market Makers also have a system, BUT ONLY IN ISOLATION. If you can kick it back and forth between them, because you have a month before FTD, you can pocket the spread *in time*.
+I've seen the screenshot of GME with all those 1 share orders, and just wanted to reiterate that you need to know what the source is of the market data. Here is what Fidelity looks like - clearly a full book across many exchanges without those 1 share orders. Always think about the source of the data - standard retail data is low quality, and usually only from 1 exchange.
+
+​
+
+https://preview.redd.it/3ngnk5ag1yy61.png?width=319&format=png&auto=webp&s=a24bd8d0e90ff61972691b9096e2aa4d8b702637
+I just cracked a six-figure salary. This might still be small fish for some on this sub, but this is a huge deal for me after growing up with a single mum working for close to min wage. Holy crap.
+
+Here is my history:
+
+Company 1
+
+2015 - HR Admin $52,000 (grad job)
+
+2016 - promotion to HR Officer at $54,000
+
+2017 - promotion to HR Advisor $65,000
+
+Company 2
+
+2018 - HR Advisor $66,000
+
+Company 3
+
+2019 - Advisor $80,000
+
+2020 - increase to $82,400 (CPI increase)
+
+Hours and pay reduced by 10% due to covid for 8 months
+
+2021 - promotion to Senior Advisor $90,000
+
+2022 - off cycle review $110,000
+
+Edit: spacing (on mobile)
+Hi all, 
+
+ Can someone explain what's going on with TSX Ventures Index over the last month?
+
+ It's been dropping a lot since its peak in mid February. I was hoping it would quickly recover its dip but it seems like it's doubling down on its own dip. 
+
+ I'm thinking maybe it has to do with the dip in tech stocks and rise in US bond yields.
+
+ Could we see the TSXV doing another run up on the pandemic recovery?
+1950- $7,500.  1960- $12,000   1970- $17,000   1980- $47,000  1990- $83,000   2000- 109,000    2010-226,000    2020- $ 390,000.        Anyone still on the fence about buying all the real estate they can if your holding period is ten years?
+This is probably a stupid question, but I'll ask it anyway.
+
+If the point of currency is to make it easier to trade with other people by abstracting the wealth generated by your work and putting it into a "token" that can be traded in for something valuable later, then why are there different forms of currency? 
+
+For example, why are there euros AND dollars, and not just "doros"? Especially if I may want to purchase something, but I don't have the right currency for it?
+I've been racking my brain trying to figure out what's going on with the options, and why shorts weren't worried about the share deliveries from contracts expiring tomorrow. While trying to work it out, I've been waiting for the quarterly SEC Filing from Melvin, and we finally got it on Feb 16.
+
+On 2/16/21, Melvin reported a 6,000,000 share Put holding on GME. That is how they planned on covering this, and how I've been saying the shorts could have wormed their way out of this calamity every time someone posts "they had no way out!"... Yah, actually they did, sadly...
+
+Filing: https://fintel.io/so/us/gme/melvin-capital-management-lp
+
+So, I went digging in the time machine to see what contracts were available on the option chain as seen on 12/31/20...
+
+And come to find out, the strike max on any contracts (even all the way out to 2023) was $40 max.
+
+https://i.imgur.com/PAvhWw9.jpg
+
+Now, here's where I smelled the Fuckery cooking...
+
+On 1/27/21, CNBC reported that Melvin capital closed out their short position that Tuesday (the 26th), for "a huge loss".
+
+Tuesday would be the delivery date for the 1/22/21 options after T+2, so it makes sense on the surface...
+
+Except that the highest strike price option available for purchase on or before 12/31/20 was $40... And 1/22/21 closed at $65.01...
+
+There is zero way for any options that Melvin owned in December to have exercised to cover his shares on the 26th.
+
+If Melvin went to market to buy the shares outright, 1/26/21 closed at $147.98. Even if he covered every share at max price, $147.98 x 6,000,000 (the number they were hedging) would only equal $887,880,000...
+
+So, why the $3bil injection of funds?
+
+Routers claims that Melvin started January with $12.5bil in capital and that it dropped to $5bil capital during the GME run, and ended at $8bil to close the month after the $3bil Citadel/P72 bailout.
+
+https://www.reuters.com/article/us-retail-trading-melvin-idUSKBN2A00KW
+
+If they closed out on that Tuesday for $880mil, where did they lose the extra $7.5bil at?...
+
+Even if they only hedged half their bet, and had 12,000,000 short positions to close, it would still only be $1.8bil on that Tuesday. (Much closer to the $3bil bailout, admittedly)
+
+They would have had to have been short ~24,000,000 shares to lose $3bil... So why only hedge 6,000,000 of it?
+
+Here's where it gets extra deep into the Fuckery...
+
+The option contracts available on 12/31/20 go from:
+
+2/12/21
+2/19/21
+4/16/21
+
+They jump 2 months between contracts, and February 19 is the last exercise date available from a 12/31/20 purchase until April.
+
+https://i.imgur.com/Ut6rpea.jpg
+
+And the highest strike available to buy was... you guessed it... $40.
+
+Tomorrow is the last day until April for those old $40 Put/Call options to finish in the money.
+
+Any firm that tried to hedge their shorts with puts, even with max strike contracts, loses their Put options if the price finishes over $40 tomorrow.
+
+GME short % of volume was 26% Tuesday, 23% yesterday, and 21% today.
+
+One out of every Four shares sold this week has been a short... and now we know why.
+
+If GME finishes over $40 tomorrow, any firm that was trying to cover their shorts through $40 Put options from December (or before) would be stuck buying shares to cover until April.
+
+Any theta gang Call seller that posted $40 max strikes to collect Premium in December is also on the $40 line this week... But they'd need to purchase shares, or lose them if they were covered and still own them (theta gang sold their shares at $400 knowing they could buy them later for less, trust me...)
+
+Now, I do realize that Melvin held 6,000,000 shares worth of options, and that there's less than 20,000 open interest (less than 14,000 now that I look... Over 4,000 have been taken off the chain in the last 48 hours...), but this explains the mad dash to $40...
+
+The calls don't want to get exercised on, and the puts want their shares. They want it to $40 so badly, they've shorted an extra 8,000,000 shares this week alone.
+
+What I don't understand is why those 1,800,000 shares are *so* important...
+
+We had 24,000,000 in volume today. They could easily snipe 2mil shares in the course of a day or two...
+
+...Unless all of the volume these last few weeks has been entirely the funds trading back and forth, and there's a LOT less public float than we thought...
+
+There was a post earlier of a level 2 order page being constantly hit with 1 share and 0 (yes zero) share orders.
+
+I'm starting to think that they are trading volume back and forth at the third/fourth decimal point with each other. Retail brokers can only do shares in two-decimal prices, ie $420.69... but market makers and the exchanges go to the third and sometimes fourth decimal point. The firms could be trading back and forth, on the books so it affects volume, at a decimal place that retail isn't allowed to access.
+
+Brokers and market makers have a responsibility to give buyers the best whole-cent price, but scalping the spread is how the market makers take profit from order flows and how you get zero commission trades.
+
+It could also be used as a loophole to keep retail from buying the shares that the firms are swapping. If the bid is $419.99 and a firm is selling at the price of $420.0005, but it would cost a retail buyer $420.01 (since we can only deal in whole-cents), it would allow another firm to snatch the shares ahead of retail between the spread. They would just enter a buy limit down to the .0005 decimal point, and take whatever small $420.00 shares are listed on the order book with it.
+
+It would only cost $500 to add 1,000,000 in volume to the trading day at $0.0005/share (plus whatever shares they bought ahead of it).
+
+I've been watching the level 2s from three different brokers, and there's never more than 20 orders total on the books for GME at any given time (and at least two of those are $6969.69 meme asks). Retail isn't selling, and I've never seen a 100k sell order on a book from an institutional holder. So the volume is coming from somewhere we don't have access to, even though it's counted in the daily trading volume...
+
+I'm starting to think they are spoofing volume to make the market think shares are trading, when the pool is virtually dry in reality.
+
+This shit keeps getting weirder...
+
+To close: I actually do think Melvin is out. His Put volume that is no longer seen on the option chain, and his cash infusion both point to that happening. I do think others are fighting to finally dig themselves out of this hole, and tomorrow is their last chance... and I think they've been digging themselves deeper to try to make that happen.
+
+460,000 shares are up for Call assignment if it stays above $40 tomorrow, and 1,370,000 Put shares don't get delivered if it stays above $40 tomorrow. That's $72,000,000 in shares that are being fought over just at the $40 mark...
+
+(Another 1,200,000 put shares deliver under $48, and another 1,300,000 deliver under $50)
+
+What I don't understand though... GME hit $48 during DFVs opening statement, and then we got hit with 4,000,000 short sale orders over the course of the rest of the day (finra).
+
+Who shorts $160,000,000 to secure $72,000,000 in options? Interest on shorts rose from 1.08% Tuesday to 1.35% today. They've been adding more shorts by the day. Why are they shorting it so hard right after a mini-squeeze just happened and they *know* we aren't selling?
+
+Open interest for $40 Puts on 2/26/21 drops off a cliff to 2,600 open contracts. There is something very special about this weeks options, but I don't have the entire picture of what or why yet...
+
+(2 week delays in reporting are garbage for knowing the market today...)
+
+Unless they know the shares aren't really there on the market to buy...
+
+Oh, in other news, Jane Street just reported owning 1,500,000 in GME call shares and 1,070,000 in Put shares...
+
+Https://fintel.io/so/us/gme/jane-street-group-llc
+
+Jane Street Capital was the market maker that helped save the bond ETFs last year during the crash. When they step in to a large position, there's often a reason behind it.
+
+I don't think this story is done being written yet...
+
+I'm starting to think that those options are the last chance to get shares out of a dry pool...
+
+~~
+
+Edit for Tl;dr:
+
+I think there's no shares on the market and the funds have been spoofing volume. 
+
+The 2/19/21 options are the last options available to exercise from before the squeeze until April.
+
+The highest strike available on those contracts at the time was $40.
+
+Jane Street has  2.5mil in shares through option contracts somewhere on the chain. Jane Street is known for helping market liquidity during "Oh Fuck" situations.
+
+This is affecting the market way more than just GME... We just haven't seen how or why yet...
+
+~~
+
+Edit: there is discussion about sold to open puts not being required to list on the 13f. Melvin's Edgar for the position shows that it has 6,000,000 shares of Class A voting power at a price per share of $18.84 per share. The stock closed on 12/31/20 at $18.84. It seems to be showing ownership.
+
+Melvin's position doesn't matter to the date/strike timeline and that's why I left him out of the Tl;dr, but if someone could explain to me how a bought Put would have voting authority, I'd like to learn for future research reference...
+
+https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
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+
+***
+
+The thread guidelines are as follows:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  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.
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+
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+
+ Resources and other information:
+
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+
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+
+***
+
+Enjoy!
+
+[https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1646771/pdf/amjph00269-0055.pdf](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1646771/pdf/amjph00269-0055.pdf)
+
+[https://pubmed.ncbi.nlm.nih.gov/2430906/](https://pubmed.ncbi.nlm.nih.gov/2430906/)
+
+ 
+
+This study compared capitalist and socialist countries in measures of the physical quality of life (PQL), taking into account the level of economic development. The World Bank was the principal source of statistical data, which pertained to 123 countries and approximately 97 percent of the world's population. PQL variables included indicators of health, health services, demographic conditions, and nutrition (infant mortality rate, child death rate, life expectancy, crude death rate, crude birth rate, population per physician, population per nursing person, and daily per capita calorie supply); measures of education (adult literacy rate, enrollment in secondary education, and enrollment in higher education); and a composite PQL index. All PQL measures improved as economic development increased. In 30 of 36 comparisons between countries at similar levels of economic development, socialist countries showed more favorable PQL outcomes (p less than .05 by two-tailed t-test). This work with the World Bank's raw data included cross-tabulations, analysis of variance, and regression techniques, which all confirmed the same conclusions. **The data indicated that the socialist countries generally have achieved better PQL outcomes than the capitalist countries at equivalent levels of economic development.**
+Quick background. I got my first credit card by accident. I thought I was filling out a “loyalty card” at Cabelas. Ended up being a line of credit. I was 23. 
+
+4 short years later and married with a baby girl, I find myself with $16,000 in credit card debt. I actually saved my very last dollar and have it taped to my steering column in my truck. And when I say last dollar I truly mean it. We had negative balance in the bank and overtaxed all our cards. 
+
+Less than two years later, we now have $16,000 in savings and no credit card debt. (We finance one of our cars) 
+
+Credit card debt is crippling. My dad calls it the ULTIMATE SLAVEMASTER. It forces you into depression almost by default and controls every aspect of your life. 
+
+Here’s my list and I hope it helps you. I’m no guru, I just learned the hard way. 
+
+1. You will not pay it off later. When ‘later’ comes, you’ll be buying other things to pay off later. 
+
+2. Read Dave Ramsey’s money makeover. It’s got good tips and the tactics work. 
+
+3. The Jones’ can suck it. They’re miserable and controlled by debt also. Don’t buy things you don’t need to compete with people you don’t care for anyways. 
+
+4. Pick up a side hustle. I taught myself to make skateboards, and would handmake 2-3 a week to sell to help pay off the debt. My wife picked up Birth photography 
+
+5. Talk to your boss, ask what you can do to take a bigger paycheck home. 
+
+6. Be a bitch about your budget. Set it and don’t stray from it. 
+
+7. Put post-it notes with $0.00 written on them at the office, in your car, on your mirror, on your phone background. Seeing that everywhere actually reminded me of my goal of achieving $0.00 CC debt. Not sure if it legit made a difference but I think it might’ve 
+
+8. Become emotionless toward money. I would get so pissed that I was dumping hundreds of my paycheck into debt payoff. It was only till I stopped giving a f#&@ that it became easier to make bigger payments. 
+
+9. Save nothing until it’s paid off. It doesn’t make sense to save money when you have CC debt growing exponentially in the opposite direction. 
+
+10. When in doubt... overpay. If you run short on money in your checking, but whoop, dip into the CC for 50 bucks. Keep basically nothing in your bank account because “you spend what you have.” My family could live off of $75 a week. But if we have $300 to live off of, guess what... we would use $300. So I would always put as much as made sense. A few times I overpaid but it forced us to be frugal. 
+
+11. Unsave your cards on Amazon. So if you go to buy something you have to go through the hassle of finding the card and filling in the fields. 
+
+These are just some of the silly things I picked up along the way that I think would’ve helped me stay out of the mess. We are so happy now that we worked our butts off to become financially stable. I hope this helped!
+
+EDIT: So many awesome comments! I understand these are basic tips and not hardcore financial advice. So please leave your advice, even if you disagree with my tactics because there’s a lot of comment lurkers who are scanning for more advice, so keep all the comments coming!
+So as the title says I‘ll buy ETH instead of building a new house. I‘m 25 atm and I really belive in ETH and see it as a longterm investment, so I have no stress in selling. I already transfered the money to my wallet and just wait for a good moment, like $700 to go all in. Some of you will tell me „just invest what u can lose“ or „don’t invest all at the same time“ but for me it would be worse to not invest and lose a 1 time chance then invest and lose it all. Call me crazy, but I‘m a person who likes taking risks and I‘ll just freak out in some years when eth is at ATH or even higher. If it drops again over the years, then I‘ll just buy more ETH :) That‘s a good story for my children some day on how I got rich. Take the risk or lose the chance. If I make crazy profits in some years then I‘ll get a tattoo of ETH and also mark my sportscar with „powered by ethereum“ :) I just have a good feeling about it and it‘s my only chance to escape the „normal life“ and level up. Life has more to offer then just going to work all day and, time is important to me. I don’t need to be super rich, I just wanna life the day like I want and don‘t have to think about work or stress, that‘s all I want. I‘m currently working as an insurance agent, so stress is my enemy every day. That’s why I have so much hope in that investment. If I fail then it was a good try, but if I win then it was the best decision in life!
+
+Call me a gambler etc. but we are all gamblers, no matter how good u know about kryptos or stocks, nobody can really tell the future, so we are all gambling more or less. Oh and I don't invest to be able to get a bicycle someday, I just invest for financial freedom, that's all I want, so my brain is not stressed out 24/7.
+Hi there,
+
+For the past few months my strategy has been to scan for biggest % gainers in the premarket.
+I look for high volume, low float & low institutional ownership. After open I look for a spike with a fade to a key support level or vwap resulting in a spike. I also look for early uptrend forming and volume building to scalp.
+***Only stocks under 5$***
+My question...
+Are there and traders on here who have a similar style/strategy?
+I was down 105K from 559 to 454  2 months ago and right this minute im just nudging over 560. I'm 71 and i didnt even think id live long enough to ever see that level again.
+Imagine, once this squeezes I can go anywhere, be anyone. Help people, make a difference. Prove everyone who ever doubted me wrong, everyone who said I was a loser / a nobody wrong. I can get therapy, work on myself, and be the best me I can be. Or I'll die trying. I'm going to hold. Im going to wait. I'm going to believe. I believe in Ryan Cohen. He's not going to let us down. He's not going to let you down and he's not going to let me down. I like the stock. And I love my ape brethren. Im sorry if this is emotional or not DD or doesn't even make you laugh. But it's real, it's me, it's my thoughts... it's my future. It's our future. Can't stop. WON'T STOP. GAMESTOP.
+Edit: thanks to everyone who responded! This community is actually helpful and I appreciate it. I will not be using a debit card ever again and will be calling my bank when the charge goes through 🫡
+
+I immediately showed the charge on my card to the bartenders and they got the manager. The original bartender who took my order took my card never had me sign anything or gave me a receipt, handed the card back to me, then ignored me to take several other orders (it was super crowded). The manager was intoxicated I'm pretty sure and told me "we will fix it, what's the name on your card?" They couldn't find it in the system. He told me "that must mean they already cancelled it so no worries, plus it's just pending so it's not actually out. Don't worry my computer guy is coming". Then the manager disappears and does not help me further basically saying oh well. 
+
+I wake up today to another charge on that card from *today* for that bar for $45. I did not make a second charge with this card (considering they literally overdrafted me the last time I used it). 
+
+What can I do here? I am already dealing with a dispute from a hotel on my credit card, is having two disputes going on SUS? How do I get my now $300+ for my single vodka Red Bull back?? I know I can contact the bar again but they were so unhelpful last night that I feel they will be useless. I was not drunk and I had 6 friends with me as "witnesses" and none of them got overcharged. 
+
+It is still in pending so theres a chance this gets taken off I guess but I'm just trying to think of what I should do next and freaking out a bit :')
+In a 1987 letter Warren Buffett wrote: “after ten years on the job, a CEO whose company retains earnings equal to 10 per cent of net worth will have been responsible for the deployment of more than 60 per cent of all capital at work in the business.” 
+
+I understand that he's talking about the importance of allocation skills but I can't figure out how he gets to the 60% figure. What am I missing?
+
+Edit: Thanks all for explaining to me like I’m a 5 year old. Extrapolating from the example, the higher the ROE and the longer the time period the more dominant the role of capital allocation. Makes intuitive sense but nice to see it illustrated through math.
+I strayed from my usual habit of only buying Cushelle toilet roll and instead bought a pack of Andrex as they were on offer in Morrisons. It's only when I've got home that I realise I'd been had.
+
+The Andrex toilet roll tube has a diameter of a whopping 46mm, with the overall roll having a diameter of 100mm. I paid £9.99 for a 24 pack, which works out as 41.63p per roll. 
+
+By comparison, the Cushelle toilet roll tube has a much smaller diameter of 38mm despite the overall roll being wider at 110mm. They didn't have the 24 pack when I went to Morrisons, but Asda currently have it at 40.63p per roll. 
+
+Dont make the mistake I did of solely going by the cost per roll. You need to either get your tape measure out or start counting the number of sheets per roll or they'll literally catch you with your trousers down. If you use other brands of toilet roll and have access to a measuring device I'd be interested to see how they compare.
+We have see now the correction in the speculative space and tech. Most of the big speculative picks are down around 30-50% from all time highs.
+
+Now we are seeing the correction in the virtual coin exchange with those same kind of numbers (It looks like it might even get uglier).
+
+What is the next sector to correct and lose all our money in if we are invested?
+
+I don't want to be a doomsayer but I think there is a lot more going on then simply moving to "value stocks".
+
+Again everyone remember there is never a need for investing in rope. This is just money.
+"According to the [findings posted to Cuban’s website](https://blogmaverick.com/2020/05/07/i-hired-a-team-of-secret-shoppers-to-find-out-how-businesses-were-opening-in-dallas-its-not-good/), only 36 percent of all businesses included in the study that were allowed to reopen on May 1 actually chose to open their doors. Of those businesses, a staggering 96 percent failed to comply with all of the Open Texas guidelines. The shoppers observed that restaurants were more likely to comply with some requirements, like separating tables and asking employees to wear masks, than they were with guidelines like offering single use condiments or contactless payment." Definitely check out the full study.
+
+**If this trend continues as states reopen, it's bad news for the economy.**
+
+To mostly everyone, these staggering unemployment numbers don't feel real yet. People think this pandemic is just going to blow right over, and life is just weeks away from returning to normal. Optimism is especially high because those $1,200 stimulus checks are three times the amount of cash over 40% of American's have in their savings account on any given day. Plus, Unemployment is paying millions of people more than they regularly make at their jobs. A very large portion of Americans probably feel more "financially secure" right now than any other time in recent memory. Now, interest rates are almost 0% and people are deciding it's a great time to buy a car or house. However, as economic activity starts trending down from lack of public confidence in local governments ability to stop the Coronavirus, that financial security will evaporate extremely quickly.
+
+People are ready to return to normal, and the market is reflecting that. We saw it in economic activity this last week with all the reopenings. However,  The fact of the matter is a virus with a .5%-1% death rate is spreading rapidly, and it's going to have to infect 220,000,000 Americans before it stops, unless we stop it first. That's 1 person in every 10th family dead (assuming each family has 16 people across 3-4 generations) . This virus also does permanent damage to the lungs, heart, kidneys, and/or the central nervous system in 10% of cases, and will require lifetime treatment (1 in every 4 families). [source](https://www.vox.com/2020/5/8/21251899/coronavirus-long-term-effects-symptoms)
+
+We dont have adequate testing, not enough people are wearing masks, and Mark Cuban's study in Dallas showed less than 4% of businesses were following every public health guideline in their reopened economy. The longer people take to realize what's going on and react accordingly, the harder the economy is going to crash when they do. We're in the second inning of a nine inning stretch, and If  businesses don't start following these health guidelines in the next two weeks, things are going to get really messy, and people will stay home on their own. It's a mathematical certainty.
+
+Edit: I'm trying to explain the bubble our economy is currently in, and why it's about to burst. The stock market is tied to the economy (i know right?), and when people start pulling money out of their 401ks and missing credit card payments, markets will crash. What happens when all that stock companies bought back drops in value by 50%? What happens when credit unions start going insolvent?
+
+Edit Edit: I don't believe lockdowns are what would cause this either. The economy will grind to a halt on its own once Cov19 is widespread in rural and suburban communities. I actually believe the lockdowns and quick action by congress is what instilled the market confidence in the first place. Doing the reopening properly would instill even more confidence. 
+The usual suspects on YouTube ( ask Kevin, Graham, Andre Jik, et. al.) feverishly spent the day deleting videos on their channels where they had shamelessly Schilled FTX and Crypto as the greatest thing since sliced bread and Sam Bankman-Fried as the second coming of Jesus and the new Warren Buffet. When questioned all act dumb and claim “no one could have seen this coming” and in some cases they even denied ever having pumped FTX (for which they were handsomely paid) and proclaimed they were “shocked” at the sudden collapse of FTX.
+Over the past couple months I’ve seen a sharp increase in the same kinds of posts. There’s more people joining the sub, and that’s cool with me I have no problem with the sub growing. Hell I haven’t even been here very long!
+
+But dudes....the same extremely basic questions get posted EVERY SINGLE DAY. “What are some good stocks to wheel?” “What can I wheel with a small account?” “What are the downsides of the wheel?” “How do I handle assignment?” “Will my option be exercised early?” “How many DTE should I do?”
+
+The people making these posts clearly do not understand options basics. And again, no shame in being new. The thing that bugs me is that these people aren’t even trying to do their own research. They aren’t using the search bar, they aren’t reading any of the thousands of resources found on google. No books, podcasts, YouTube videos, it seems like nothing. They are asking a bunch of internet strangers to tell them how to gamble their savings. 
+
+I’m afraid we are going to turn into /r/wheelstreetbets and drown out the real discussion that happens here.
+
+I apologize for the rant. But the point of my message is: 
+
+If you can’t be bothered to learn the basics, you shouldn’t be investing your savings into options selling. It’s not responsible. You’ll lose. Just DCA on sector etfs.
+You apes should feel fucking PROUD that we have gathered over 8.9 million shares that are directly registered under your name.
+
+These are over 8.9 MMMMMILLION shares that SHF, Brokers, and Clearing houses can’t fucking touch. 
+
+Over 8.9 million shares that can’t be shorted, loaned or sold by broker fuckery.
+
+You actually fucking own this company, and people against GME and DRS and fucking TERRIFIED.
+
+Yeah, that’s right. These people are FUCKING SHITTING THEMSELVES that apes are actually going to secure the float. 
+
+Securing the float doesn’t happen over night. It’s a long and dedicated process.
+
+I’ve seen all the DRS posts from Apes since January, and I can tell you that I have continued to buy and DRS my shares.
+
+I’m so fucking proud of you all.
+
+If anything, this gives me more vigor to buy more and DRS MY shares.
+
+Congrats Apes. We are going to fucking do this. Brick by brick we shall have our day.
+
+A DEEP FUCKING CHEERS TO YOU ALL ☘️🍻
+I have heard many people say ''If I had 500'000 I would buy an appartament and I would rent it''
+
+My question is : why (in your opinion) a lot of people decide to buy appartaments and then rent them out instead of stock market? If you rent to Air BNB in some esotic places when you buy a big house for relativley cheap could you end up renting it for 300$ per week and make a lot of money?
+Time for a ban post
+
+​
+
+/u/alimessimourad [Said that if Afterpay did not lose 25% of it's value wihtin a week or it's earning, they would marry their grandma /u/letsburn00 said that alternatively, they could buy $2k of puts valued at 25% off that days open price instead](https://www.reddit.com/r/ASX_Bets/comments/ig8ms2/if_afterpay_doesnt_lose_25_percent_of_its_value/). Given there has not been that much of a drop, we request proof of some sort of nuptuals within a week. Or ban. PMing the mods GILF Porn does not count.
+
+​
+
+From a near OG /u/Jody8  [If Monday is not a green day, they will eat their shorts.](https://www.reddit.com/r/ASX_Bets/comments/im7ue3/if_the_market_doesnt_close_green_monday_i_will/)  Burn has explained their view that Werner Herzog's rule to skip certain parts is fair. So buttons and zips are reasonable to skip. Or Ban.
+
+​
+
+/u/alimessimourad [said the Sezzla will be at $13 by Christmas, or they will run naked around the Opera house on New Years Eve.](https://www.reddit.com/r/ASX_Bets/comments/iik6o6/sezzle/) I seriously doubt it, but lets see how this goes. They will be busy with their grandma honeymoon anyway.
+
+​
+
+A number of Bots have been banned too.
+
+Cooldownbot, ShitpissCum1312, dadbot\_2
+
+​
+
+If you send the mods a direct message, it's the fastest way to deal with this.
+
+​
+
+EDIT: 
+
+/u/archbishopofoz banned for a week for a bet that Tesla shares wouldn't get to $2000 before the end of July. They were early, but not wrong.
+
+fixed spelling on /u/alimessimourad name. If they had bought puts on the day or the earning report, they would probably be swimming in cash.
+I've taken a step back from this community and I'm flirting with the idea of posting a bit more often once more.
+
+My dilemma is - what do I post? What content do you guys want? I've written mostly about macro, my experience and background in this industry, even some technical stuff. I don't know how helpful or interesting any of that is and I don't want to keep posting about stuff that you might not want to read.
+
+So, help me out. What topics/series would you find helpful to be covered? More technicals? More macro? How to get a hedge fund started? How to trade your own capital for a living? I don't know... I'm open to anything 
+Have heard this term being floated around but never really understood it. Whenever I asked someone, they would explain something about finding investors, setting a price based on reverse auction and all that flows above my head and sounded shady as well.  There are people who claim to have been making a lot of money using chits as well. Muthoot and KSFE are big names in my state and they have a lot of agents, probably more than LIC. I have never understood what they do. Watched the Bad Boy Billionaire episode on sahara and it makes it look like some kind of pyramid scheme.  Searched this sub too, but couldn't find any info about this.  
+So, can somebody ELI5 what chit funds are and why people swear by it?
+Lendefi’s protocol allows traders to access crypto assets for leveraged trading through undercollateralized loans. Both trades and loans are secured by the Lendefi protocol within a trustless transaction.
+
+Lendefi has recently upgraded its token for enhanced rewards. The Canary mainnet is launching and the upgraded LDFI token, Vesting and LP Locking contracts have been audited by Chainsulting.
+
+Lendefi’s native LDFI token has been upgraded to deliver an improved tokenomics and rewards structure. The low market cap LDFI token has strong potential.
+
+**Enhanced Tokenomics:**
+
+* **1% Tax Fee** — Given back to all token holders
+* **1% Buy-Back Fee** — Used to Buy Back & Burn tokens
+* **1% Wallet Fee** — Protocol & marketing funds
+
+**Upcoming features:**
+
+* Staking stacking
+* Affiliate referral programs
+* LP farming
+* Advanced trading functions
+* Strong multi-channel marketing
+* DAO governance
+* Multi-chain compatibility
+
+Lendefi is a low market cap token with significant competitive advantages that deliver strong value!
+
+**Value Proposition:**
+
+* Improved tokenomics and reward structure
+* Canary mainnet launching
+* Audited
+* Valuable use case
+* Doxxed management and developers
+
+Lendefi’s upgraded Tokenomics can be found on GitBook:
+
+[https://lendefi.gitbook.io/lendefi-finance/tokenomics](https://lendefi.gitbook.io/lendefi-finance/tokenomics)
+
+Lendefi charges fees on trading which are used to purchase LDFI tokens for rewards and burning. Burning lowers the supply and improves the value of LDFI tokens through hyper-deflation. Future rewards include Liquidation, Stacked Staking, Yield Farming & Liquidity Rewards.
+
+**Links:**
+
+* Canary mainnet: [https://www.lendefi.finance](https://www.lendefi.finance/)
+* CoinGecko: [https://www.coingecko.com/en/coins/lendefi-new](https://www.coingecko.com/en/coins/lendefi-new)
+* CoinMarketCap: [https://coinmarketcap.com/currencies/lendefi-new/](https://coinmarketcap.com/currencies/lendefi-new/)
+* Developer: [https://chainsulting.de/](https://chainsulting.de/)
+* Telegram [https://t.me/lendefi\_io](https://t.me/lendefi_io)
+* Twitter: [https://twitter.com/lendefi\_io](https://twitter.com/lendefi_io)
+* GitBook: [https://lendefi.gitbook.io/lendefi-finance/](https://lendefi.gitbook.io/lendefi-finance/)
+* Whitepaper: [https://whitepaper.lendefi.finance/](https://whitepaper.lendefi.finance/)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+DYOR. I am not a financial advisor, this is not financial advice.
+Almost everything seems to be getting more expensive, to name a few: College, Healthcare, Housing and more niche markets like boats and airplanes.
+
+But wages are not going up very much.
+
+This doesn't seem to be sustainable.  People can't even afford to have kids, much less buy a house. 
+
+Why are all these things so expensive now?  Why aren't wages going up?  It's easy to blame the ceo's or whatever but if a ceo makes say a few million a year and employs 10,000 people (these are completely random numbers) that's only a few hundred per person which doesn't affect anything really.
+
+So where is the money going?  I really don't understand.  And how can this be fixed?  Will it ever be fixed?  Wages can't magically double, triple, or quadruple.  But the costs of these things can't plummet either because that would cause a crash of the economy (particularly housing like in 2008).
+
+I just don't get it, is there something I am not understanding?
+So, the US, EU, and allies say that over the next 5 or 10 years, we will be entirely self-sufficient and stop all trade with China, and that we would refuse to trade with anyone that trades with them. What would happen?
+Just did a quote on PHI to try and avoid paying the Medicare Surcharge (for me $2000 pa) and I really am struggling to find a plan that seems to cover anything useful. Most plans have exclusions a mile long, and include a deductible of at least $250 per visit. Extras cover like dental would be better, but adding those to the plan nearly hits $2000 and even that has large exclusions and hard caps.
+
+I really don't understand the government's incestuous relationship it has built with the private health industry, penalising Australians for not buying a health product in many ways inferior to what you would get, just by being taxed.
+The Afterpay day sale is when you get 20% off only if you pay via Afterpay. Great for people that can afford to pay it back however doesn’t this tempt people who cannot afford it? 
+I only it’s the consumers choice however when the full price items aren’t discounted when paying in full.
+I feel frustrated when I see friends and family get hooked into these payment schemes.
+
+https://www.afterpay.com/en-AU/afterpayday
+The deal was announced on Jan 18th 2022. In the announcement Microsoft said " The deal is expected to close in fiscal year 2023 " their fiscal year 2023 starts July 1 and ends June 30. The current price of ATVI as I'm writing this is 75.04, that means spread is 26.59% but that is for 9 months, it is  ≈ 35% annualized. We know Buffett bought 9.5% of the company expecting the deal to go through ([https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html](https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html)) and Satya Nadella recently said that he believes the deal to go through as well([https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy](https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy)). I think this arbitrage bet offers a strong opportunity in the current bear market, especially given that Microsoft would only rank third in terms of gaming revenue after Sony and Tencent if the deal closes. I recently made an investment in ATVI and anticipate the transaction will close as well. What are your thoughts?
+
+​
+
+ I also talk about this in the end of my last video. Here is a link if anyone is interested: [https://youtu.be/XXkgdBrdoeM](https://youtu.be/XXkgdBrdoeM) 
+I imagine a lot of people here would get some... interesting reactions when they get 'financially naked' with partners. 
+
+When they found out did it effect the balance of the relationship/make things weird?
+🌌FOR THOSE WHO ARE NOT SATISFIED WITH JUST GOING TO THE MOON🌌 
+
+​
+
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+
+​
+
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+
+​
+
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+
+Help BabyCosmos by holding BabyCosmos in your wallet, and receive ATOM as a reflection every hour. It's a reward for helping BabyCosmos get home!
+
+​
+
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+
+​
+
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+
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+
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+
+​
+
+💎 Locked Liquidity for 3 Months (With Extension Plans)
+
+​
+
+💎 7% Redistribution In ATOM to all holders
+
+​
+
+💎 5% Automatic Provided To The Liquidity Pool 
+
+​
+
+💎 6% For Marketing, Operations, & Buy Back
+
+​
+
+💎 Anti-Whale Dump Feature Built Into Smart Contract 
+
+​
+
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+
+​
+
+​
+
+📝Token Information 
+
+🔹Name : BabyCosmos
+
+🔹Symbol : $BabyCosmos
+
+🔹Total Supply : 200,000,000
+
+​
+
+📝 Contract Address: 0x49febfcc9dc63069ff9f4ea47d12da741878bb48
+
+​
+
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+
+​
+
+​
+
+🔹Website : [BabyCosmos.Net](https://BabyCosmos.Net)
+
+🔹Twitter : [https://twitter.com/BabyCosmosReal](https://twitter.com/BabyCosmosReal) (@BabyCosmosReal)
+
+🔹Telegram : [https://t.me/BabyCosmosOffical](https://t.me/BabyCosmosOffical)
+Hey everyone! I'm new to this sub, but been trading for almost 3 years now.
+
+Had a great month and figured I'd share some stats, and answer any questions you may have.
+
+I started the month with a $73K account, built it up to $225K by 6/11 and kept it static there (locking in profit daily) until 6/21.
+
+After a couple red days I sized down to $75K to secure profits. The market can (and did) go from hot to chop back to hot on a dime, and the last thing I wanted to do after a strong green streak is give too much back.
+
+I ended the month at $131K, and locked in $319,885.43 in profits (before fees + taxes) - below is a screencap of TraderVue for the June stats.
+
+https://preview.redd.it/o0miyi7llo871.png?width=987&format=png&auto=webp&s=35eedd79005a0fc7f7b24715d01ebc0b06a35f2c
+
+Overall there was a TON of opportunity in June, and even though I executed fairly well, there was plenty of room to improve. Broadly speaking, here are some of the things I did well:
+
+* Sizing into winners
+* Cutting loses quickly (most of the time)
+* Focusing on my bread and butter setups and ignoring the noise
+* Not adding to losers
+
+And here are some things I need to continue to work on:
+
+* Avoiding frontrunning trades, especially with size
+* Not chasing, waiting for clear direction on super volatile names
+* Not getting overly aggressive or overtrading choppy days
+
+I'll provide some samples of both long and short trades that I consider "highlights and lowlights." These are not necessarily best/worst in terms of P/L, but in terms of execution (IMO).
+
+# Long Lowlights
+
+$VIRI - closed P/L -$11,391.63
+
+This was (by quite a wide margin) my worst trade of the month both in terms of execution and P/L. The daily chart (top) should've made me an extremely cautious bull - popping up after coming down from $17. Nine times out of ten, when you get a pop after a parabolic move, that's all it is and it comes back down. My aim was to scalp a pop coming out of the circuit breaker, but I got filled high and from there it was damage control. I poured gasoline on the fire by trying to average down instead of cutting the loss, and ended up with a big fat red trade.
+
+TLDR - Shouldn't have chased, shouldn't have scaled heavy into this, should've cut the loss quick, shouldn't have added on dip
+
+https://preview.redd.it/869j13rolo871.png?width=890&format=png&auto=webp&s=c4095513f76d6da1081ab560d44ceb5e0a48b350
+
+https://preview.redd.it/t3yzgpoqlo871.png?width=908&format=png&auto=webp&s=21fc82153c24c84c44251f8329f4dda4b8bd2040
+
+$BLIN - closed P/L -$5687.18
+
+This was a case of having a direction bias + recency bias, paying attention to the fat green candle and ignoring the ugly red one before it. I got heavy anticipating another pump through HOD despite the chop and got rugged. While some might say "oh you should've held, it went back up," I'd actually say the only positive part of this execution was cutting the trade before the loss got too bad. The thesis failed, and it could've just as easily dumped another $1+ a share.
+
+https://preview.redd.it/4wsxuvdslo871.png?width=887&format=png&auto=webp&s=c943fda73db74b0f8daa7240f4d8684262e9931d
+
+# Short Lowlights
+
+$CLNE - closed P/L -$3248.83
+
+The setup was there for a dump - failed breakout down to immediate support, anticipating a break. I have no qualms with \*taking\* this trade, but I got way too stubborn and should've cut the loser sooner. The moment it curled back up should've been the signal to abort, but instead I held thru a $0.40 a share move...and proceeded to have the unwind I was anticipated right after closing the trade
+
+https://preview.redd.it/9n2dlm7ulo871.png?width=906&format=png&auto=webp&s=98682db42e08b1a5aa17765e0bfb52b08ccf1f21
+
+$WPG - closed P/L -$3302.58
+
+This was a case of impatience and frontrunning. I was looking for a dump below $5 after coming down from $5.40, but once a mini-bounce started I got jumpy, instead of observing the chart stoically, which had formed a picture perfect head & shoulders pattern right before the dump I wanted.
+
+https://preview.redd.it/qyym1hiylo871.png?width=889&format=png&auto=webp&s=a8819847d76a582e4edc93c91f35ab3e35327c08
+
+$ATHA - closed P/L -$3075.87
+
+This is a great example of how to turn a winner into a loser. The massive gap down on the daily (top) gave me a short bias. We had a bounce up from the $9s and I was anticipating a top before further unwind. In reality, after a 50% dump, there's no reason to assume it'll keep dumping so I should've had zero bias. Now, the entry of this trade was perfect. Nailed the triple top, took a bit of profit, and instead of covering where I should've covered, I got greedy and added anticipating a dump below $11.30. Instead, we got a hefty bounce and I tried to get cute with damage control, which only dug the hole deeper. Decent trade idea, but skewed bias and terrible execution.
+
+https://preview.redd.it/fr1w3stzlo871.png?width=906&format=png&auto=webp&s=39702fc47e98d066c652fbd26572a5bc5b04240f
+
+https://preview.redd.it/iddnbv31mo871.png?width=924&format=png&auto=webp&s=ecabe436676a278e94cf97587576c4d3fc54564d
+
+# Long Highlights
+
+$ORPH - closed P/L $12350.34
+
+Second best P/L trade of the month, great execution. Starter size under HOD with a mini cup and handle, then just traded around a core all afternoon. Never got too greedy and took profits all along the way, letting me safely ride through that volatility.
+
+https://preview.redd.it/rnchz632mo871.png?width=891&format=png&auto=webp&s=38777303fb6bb9061e92f62cbb2696553bc41b27
+
+$WISH - closed P/L - $6427.91
+
+Rode the blast through HOD from the low 11s, sized in aggressively as the trade confirmed. Didn't overstay my welcome and took profits along the way, all out at first sign of weakness.
+
+https://preview.redd.it/ng0nxyb3mo871.png?width=889&format=png&auto=webp&s=2bc357a9d2f7e55f9129e16ad327056f0e6595db
+
+$RAPT - closed P/L $8267.40
+
+This name was so good to me that entire day - took several more trades on front and back side. But this trade was the highlight - took a started under HOD 31 and rode it up to 38, taking profit along the way and adding upon confirmation. IIRC I got partial fills on this too.
+
+https://preview.redd.it/0ywx1kg5mo871.png?width=899&format=png&auto=webp&s=674de1e0a00cf31479d1319e37ee63b0de4d989b
+
+# Short Highlights
+
+$ARPE - closed P/L $9887.88
+
+Beautiful all day fader. Massive sellers at 7.80, scaled in short at the first sign of weakness. Covered some and held patiently, adding on the VWAP rejection. Could've held a bit longer, but captured the meat of the move.
+
+https://preview.redd.it/nw0y0sl6mo871.png?width=901&format=png&auto=webp&s=828a004bf685c49151d0edf774fd8b78c1ca9530
+
+$UONE - closed P/L $5119.79
+
+Had a bear bias based on weak daily chart and was waiting for $20 to break. Got in right when we failed VWAP/support and rode it down 3$ a share, adding on pops.
+
+https://preview.redd.it/9iindny7mo871.png?width=929&format=png&auto=webp&s=0881c4fc69c38da27a6eaa190a32465553f12612
+
+$NOVN - closed P/L $11,314.76
+
+Super extended from $14 and each HOD break looked weaker than the last, was looking for first fail to hit this hard. Nailed my starter position with flush after HOD break then added as a head and shoulders formed. Let the trade play out patiently down to the 15's.
+
+https://preview.redd.it/t1d3p1b9mo871.png?width=931&format=png&auto=webp&s=66878e3743358553fd0c73bfe314531ddb468f86
+
+Charts are from TraderVue and my brokers are ThinkOrSwim (TDAmeritrade) and DASTrader (for shorts not available w/ TD). I post pretty regularly on Twitter as well.
+
+Again, feel free to ask questions!
+
+Edit: Not Financial Advice
+It’s getting tiresome of people saying “6% is historically low” as if current rates are okay. It’s about affordability. 
+
+Majority of the population make decisions based on their monthly PITI commitment. It’s ridiculously high right now. When rates were 15%, houses were like 1/10th of current costs. Even when adjusted to inflation it’s insanely cheaper back then.
+
+So before making this argument next time, empathize a little. Housing prices need some correction to make it atleast affordable as before for a decent number of people. 
+
+Applies to both investment and primary properties.
+We would like to take some time to look at our progress over the past few months, to consider the future direction of FatFIRE, and to give our members the chance to post questions and provide feedback.
+
+Plenty of changes were made during this period, including minor changes to the rules, the introduction of Mentor Monday and the creation of a “Verified Members Only” post flair. We had some great posts, too, such as /u/WasKnown ‘s [journey to 8 digit wealth as a college student](https://www.reddit.com/r/fatFIRE/comments/ie0fib/i_made_8_digits_as_a_college_student_heres_what_i/), u/uDontLifeForBeSad ‘s [deep dive into the Psychology of Money](https://www.reddit.com/r/fatFIRE/comments/itwf03/what_rfatfire_can_learn_from_the_book_psychology/) and, of course, u/SypeSypher ‘s [infamous submarine post](https://www.reddit.com/r/fatFIRE/comments/ih7bcx/annual_costbudget_needed_to_own_a_private/). Thanks also to /u/regoapps for designing our beautiful custom icon, which works for /r/FatFIRE on so many levels.
+
+At the same time, FatFIRE has grown by a further 30%, or more than 30,000 new members. Daily traffic is more than double what it was about ten months earlier, with 3.8 million pageviews in December alone. Mods would be the first to acknowledge that we have experienced some growing pains as a result – we’ve handled somewhere between 3,000 to 4,000 reports since August.
+
+With that in mind, here is a short list of the challenges facing FatFIRE and how we propose to address them:
+
+**1.) Influx of rule-breaking, repetitive or low effort posts**
+
+Despite the rules in the sidebar and our new welcome message, there are still regular posts that amount to “I am a college freshman, what program should I enter?” or “Can I afford this car?” or similar topics.
+
+Proposed Solution: Create automatic comments for unflaired and ‘Path to FatFIRE’ submissions that remind posters of the common reasons why posts are removed, and ask that they edit or remove their post if necessary and repost in Mentor Monday if appropriate.
+
+These automod comments would not be stickied, and the posts would still receive the same level of moderation as they do now.
+
+We will also revisit the flair topics, and add to them as necessary. This step should also make it easier to avoid certain repetitive topics – Relationships, Milestones, etc. – as members can limited their browsing to preferred subjects.
+
+We would also suggest that members consider voting more often – upvoting high quality content and downvoting and continue reporting low quality and rule-breaking submissions.
+
+If these posts continue, then we may consider making flair mandatory at some point in the future. We don’t believe we yet need to look at removing FatFIRE from the ‘recommended subs’ panel (thereby slowing the arrival of new members), but that is another step we might consider if this rapid growth continues.
+
+**2.) Mentor Monday**
+
+Thus far, Mentor Monday has received a consistent number of comments and comment-replies, and has generally served its purpose of providing a spot for aspirational members to post early-stage submissions without overwhelming the main feed.
+
+However, many users of Mentor Monday have noted that it is difficult to find, and that they would prefer that the thread be stickied. Other users have raised concerns that this will distract from the rest of the sub.
+
+Proposed Solution: We are reluctant to sticky the Mentor Monday threads. However, there is a [collection link](https://www.reddit.com/r/fatFIRE/collection/8104ae5e-4157-4a31-9657-369c31a81ec8) associated with the Mentor Monday threads, so we’re looking at adding that to the rules, the future FAQ, and to the automod flair comments mentioned above. We will plan to revisit this next State of the Sub, once we see how the flair reminders has worked out.
+
+However, we would consider leaving the collection link itself stickied at the top of the sub or even stickying the Mentor Monday threads themselves, so please feel free to comment with your feedback either for or against these potential options.
+
+**3.) ‘Verified Members Only’ post flair not being used**
+
+The Verified Members Only post flair has largely gone unused. This may be because so few members realize that it’s available. While we do not want these posts to take over the sub, there are times when this feature would be a better option.
+
+Proposed Solution: Add the following text to Rule 4: “Verified members can elect to flair a post ‘Verified Members Only’ to only receive comments from verified members.”
+
+\[Edit: This change has been made.\]
+
+**4.) ‘Bending the rules’ for popular posts**
+
+Generally speaking, mods will allow posts that technically contravene the rules if that post is popular with the community.
+
+For example, an heiress who stands to inherit 50 million pounds and does not know where to start is in violation of Rule 2, and yet that post garnered more than 500 upvotes and hundreds of comments. We elected to approve the post anyway given its popularity.
+
+In the case of borderline posts that receive a high number of comments but a low number of votes, mods will generally lock the thread rather than remove it. This retains the feedback provided by our members.
+
+Proposed Solution – Carry on with this strategy as before, but we are open feedback on this.
+
+**5.) FatFIRE FAQ and recommended reading lists needed**
+
+A FAQ and recommended reading list will be our next priorities after the State of the Sub discussion is concluded. If you have suggestions for questions and topics to cover in these posts, please leave a comment. And in the meantime, we would encourage you to check out the new [FatFIRE Index](https://fatfireindex.com/) site developed by u/flowing_serenity.
+
+Thanks for reading this far, and for being part of this community. Please feel free to leave a comment regarding any of the issues and solutions proposed above, or with other issues you might wish to raise at this time.
+I’d love to here some algorithmic trading success stories. By success, i don’t mean making millions of dollars, but achieving a good sharpe-ratio and gaining solid returns.
+
+- What’s your background? Finance/math/Comp Sci/other
+
+- Does your profession relate to algo trading in any way?
+
+- If you don’t trade professionally, what’s your job?
+
+- How long did it take you to build your first successful algo?
+
+- how much (usd) do you allocate to your trading algo?
+
+- what’s your ultimate purpose with doing algo trading?
+
+Feel free to share even if you haven’t yet achieved ”success”
+I encourage RC and management to think this through as they have the obligation to protect their shareholders. I understand that they are busy building something big. But it doesn't hurt to also show shareholders who saved the company that they are here to protect them from The Criminals of WallStreet. Or if RC can increase his position to 20%.
+
+Edit 1: not sure why everyone is so hang up on the idea that GME management shouldn't do anything so they don't initiate the squeeze. Who fucking cares if this would initiate a squeeze? The board has obligations to protect their shareholders in whatever capacity. If this would initiate a squeeze then it's not GME management problem. It's Citadel and friends' problem. GME management needs to step in at some point to protect the company and stop the criminals, whether this would initiate a squeeze or not, that shouldn't be their main focus. Retail already did their part by buying, holding and DRSing. Look at my history before calling this "FUD".
+
+Edit 2: this post doesn't mean we have to attack RC or management. They have my full confidence and I have no doubt in their ability to protect us. But I am afraid of this keeps dragging and shareholders lose interest. Mentioning DRS count in their last ER was a very good move. We need more of this to keep us engaged. But I will continue to hold and I know greener pastures ahead.
+
+Edit 3: first don't let this post distract you from DRSing your shares. We will continue to do this. Second, it's okay that I am frustrated and clearly tens of thousands of Apes feel the same way. It's okay that we come here to vent. I have been holding since Oct 2020. At end of the day we come here to exchange ideas, discuss theories and remind each other that the end is near.  I am personally open for constructive criticism and I know my post isn't perfect.
+Again, the world's major chip and semiconductor companies are watching the conflict closely as the Russian invasion of Ukraine will likely hamper the supply of neon.
+
+Neon is used in lithography to make microchips.
+
+Currently it appears the larger chip manufacturers have plenty in reserve but are worried that if the conflict escalates or is prolonged then again, the industry will suffer as a whole.
+
+https://www.wired.co.uk/article/ukraine-chip-shortage-neon
+
+https://www.reuters.com/breakingviews/ukraine-war-flashes-neon-warning-lights-chips-2022-02-24/
+
+Edit: removed insensitive sentence.
+I have been pondering a conundrum that i can’t get a straight answer to but I’m guessing someone here knows (and has lived it). 
+
+I’m currently making $600-700k at a mid to “senior” level product leader at a FAANG (big tech).  I feel I have hit some sort of glass ceiling even though I’m a top performer (based on metrics/revenues). I have noticed that folks that move up to Director+ and make > $1M are not necessarily the highest performing. I’ve seen some folks get promoted who miss all of their key metrics but still somehow move up. 
+
+So the question is — what is going on? The party line is you drive impact (revenue) through objective metrics , be a good team lead , mentor others etc. My observation is that is not true in reality when going past a certain level. 
+
+What is actually going on behind the scenes when folks get these promos ?
+Read this in full before you hit the downvote button.
+
+​
+
+1. He made his first ever Tweet this week and went out of his way to discuss GameStop.
+2. He went out of his way to **repeat exactly** what he said in his [May testimony](https://www.sec.gov/news/testimony/gensler-testimony-20210505)
+   1. Tweet: “About 6 months ago, **a stock went from $20 to $480 and back down to $40, all in a matter of weeks.** I think these events are part of a larger story about the intersection of finance and technology.”
+   2. May Testimony: “We’ve all come to hear the general story: **a stock that went from $20 to $480 and back down to $40, all in a matter of weeks.** It opened at $162 Wednesday of this week.”
+3. He also very clearly made another follow-up Tweet at the same time that didn’t get much (if any) traction on here, [linking directly to his May testimony](https://www.sec.gov/news/testimony/gensler-testimony-20210505). Judging by the 95% of the comments in the thread about his first tweet, people seemed to have missed what GG was doing here.
+4. What’s special about the May Testimony? He raised all the points we have complained about - **PFOF, % of trades through Off-Exchange and Dark Pools, Firms with Concentrated Marketshare having an unfair advantage and profitability, name dropped Citadel,  short-selling and transparency, total return swaps, bad actors taking advantage of social media (and he goes out of his way to preclude retail investors), bad actors also using algos to scrape social media sentiment, transitioning from T+2 to T+0 and system wide risks of one firm failing. He also mentions on multiple topics that he has his team looking into this.**
+5. And it’s curious how between his testimony in May up until now, retail unrest has gathered even more momentum and has just amplified. Just imagine the sheer number of complaints that have made their way to SEC and other agencies. *And what does GG choose to do?* Re-iterate what he said before, directly referencing GameStop **and** throw in a link, almost like he is saying *“retail, we do hear you and we are working on it”* without making it a big MSM story.
+
+Whatever your thoughts on the man himself and the ability of the SEC to do anything useful, I do think people have missed the point of his tweets. GG can’t come out and make direct accusations, just imagine the army of lawyers Citadel and co have ready, and he can’t go around showing his hand too early either.
+
+* He has to gather evidence for an absolute slam dunk in an area where evidence can be easily hidden
+* His team have to write proposals and recommendations
+* He has to weed out corrupt employees and undo decades of incompetence
+* His new director of enforcement has to put together a case against the most powerful financial institutions around and deal with other ongoing case loads.
+* He has to deal with multiple complex issues that he’s raised in his testimony that require a lot of change 
+* And as we are discovering ourselves, there are new things to discover *every day*. 
+* But at the same time, he does realise he has a furious retail crowd to contend with, hence the purpose of the tweets.
+
+I know it’s become a meme about GG being in the job for X weeks but when you see his testimony, the points raised, when they were raised, you begin to understand that the direction him, the new director of enforcement and the SEC are going in is a positive one or at the very least, it’s not some vague rambling but it’s something constructive.
+
+And it’s genuinely not one that you can change overnight and it’s certainly not one where you show your hand too early. I was actually a big GG detractor before reading the testimony today and when I only saw the first tweet.
+
+**EDIT**: Let me be clear on one thing. Clarifying the tweets does **not** mean I blindly trust GG. His track record is 50/50 and for GameStop, he’s done nothing yet. I also don’t think he or the SEC will do anything in time for the run-up to MOASS. In terms of improving the market, like Ryan Cohen, in the end I will only judge him on his actions rather than words. But in terms of what he has said, I like it and think he’s headed in a good direction.
+It seems to me that this economy is propped up on over valued real estate, cheap debt, immigration and a dying oil industry. Are there any good reasons to be invested in or just simply to believe in the Canadian economy in general?
+​
+
+[Credit: u\/PlasmaTune](https://preview.redd.it/2d3rvrkrl9a91.png?width=551&format=png&auto=webp&s=8ad6d9e764c06fde71bf9a9a3fe34a9c20764656)
+
+# The long awaited 4:1 GME Stock Split (in the form of a dividend!) has been announced!
+
+We are pinning this thread for easy access to information as people come to the sub to find out what’s happening.  Special thank you to u/platinumsparkles for all the help putting this together!
+
+Looking for the DRS / Computershare megathread?  [Check it out here!](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/)
+
+​
+
+Let's start with a TLDR, *straight from* ***GameStop***:
+
+**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.**
+
+[GameStop Announces Four-for-One Stock Split | Gamestop Corp. (gcs-web.com)](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split)
+
+**Official SEC Links:**
+
+[8-K Official Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm)
+
+[Official Press Release](https://www.sec.gov/Archives/edgar/data/1326380/000132638022000100/a991-stocksplitannouncement.htm)
+
+​
+
+[Credit: u\/dckdstryr](https://preview.redd.it/lrwojgiul9a91.png?width=747&format=png&auto=webp&s=a17f1060bf3000b43c5d201bd28b0673b979f344)
+
+# FAQ | Let’s clear up some questions!
+
+​
+
+**What’s the difference between a stock split and a stock dividend?**
+
+A stock dividend means dividend which is paid in the form of additional shares whereas stock split is a division of issued shares in the ratio as decided by the Company. In the Stock dividend, additional shares are given to shareholders whereas in stock split, already issued shares are split in an agreed ratio. No additional shares are allotted.
+
+In fact, the dividend aspect of the split only affects the company's accounting -- basically how much it keeps in its retained earnings account -- and not much else. By declaring it a stock dividend, GameStop's cash balances won't be affected by it as they would be with a cash dividend.
+
+​
+
+https://preview.redd.it/9ccxaqixl9a91.jpg?width=955&format=pjpg&auto=webp&s=e75d76f0412951206aa7ec77836d4a47fe7c3f01
+
+Sources:
+
+[https://www.educba.com/stock-dividend-vs-stock-split/](https://www.educba.com/stock-dividend-vs-stock-split/)
+
+[https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/](https://www.principlesofaccounting.com/chapter-14/splits-and-dividends/)
+
+​
+
+**What does this all mean?**
+
+Gamestop has announced they will be doing a stock dividend. After the dividend, there will be four shares for every one pre-dividend share. (So it is called a “4-for-1 split.”) In other words, if you have one share, you will get 3 additional ones.
+
+​
+
+[1 share will now equal 4 shares](https://preview.redd.it/9bikz1y1m9a91.png?width=946&format=png&auto=webp&s=e5fb54b62f361d57a9a371935ac406ae3e5a9f96)
+
+**What will happen to the share price?**
+
+If the stock was at $135 per share, after the split, each share will be $33.75, because the company’s net assets didn’t increase, only the number of outstanding shares.
+
+If you own $1,000 worth of GME on the 21st you will still own $1,000 worth of GME on the 22nd.
+
+https://preview.redd.it/ib7woqm6m9a91.png?width=791&format=png&auto=webp&s=2bfc573a2d5cc1415c4e379a45c7d19d75b5d670
+
+[Credit: u\/jmastajay](https://preview.redd.it/igbc3w0am9a91.png?width=577&format=png&auto=webp&s=377de75c27c330f51b31eb2d975b48db59c3389f)
+
+**What do you have to do?**
+
+Nothing! You can BUY & HODL, DRS, the usual. When a stock split or stock dividend occurs, your account will receive the additional shares on the ex-dividend date. The cost basis and gain/loss information for the shares will be updated on the evening of the ex-dividend date. No action is required for shareholders to receive shares as part of the event.
+
+​
+
+**When do I need to buy to receive the dividend? (Brokers)**
+
+You can buy stock any time. Stock dividends work differently than cash dividends. For stock dividends, the record date doesn’t really matter.
+
+The ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock.
+
+July 21st is the date on which GME will actually distribute the three additional shares in its stock dividend. That happens officially after the stock market closes, so any trades that occur earlier that day are still governed by the pre-split stock price.
+
+Ex-Dividend Date is July 22nd.
+
+*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends.* ***The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).***
+
+***If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.*** *Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."*
+
+Source: [Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends | Investor.gov](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates-when-are-you-entitled-stock-and)
+
+You can buy any time because the exchanges have splits covered – there is absolutely no danger of an investor missing out on the split shares, no matter when he or she buys shares that will split.
+
+This explains the Tesla split really well:
+
+Regarding the Tesla split (dates are referring to Tesla's split): *" However, stock dividends often have different rules. Here, the ex-dividend date is one business day after the dividend actually gets paid. Therefore, the record date doesn't really matter. If you buy stock on or before Aug. 28, then you're also buying the right to receive the extra stock in the split. If you sell before that date, you're selling away those rights as well."*
+
+[Tesla's Stock Split: Here's What It'll Look Like When It Happens](https://www.fool.com/investing/2020/08/26/teslas-stock-split-heres-what-itll-look-like/)
+
+**Disclaimer:** It is possible that due to broker back-office mechanics, shares purchased after 7/18 with a 'due bill' for the additional shares may not appear by 7/22, however anyone purchasing from 7/18-7/21 is still entitled to the dividend of additional shares.
+
+​
+
+**When do I need to buy to receive the dividend? (Computershare)**
+
+If you have an existing account, you are already on record. If you are buying directly from Computershare, the last day you could buy to receive the dividend of the additional shares would be 7/18 for the buy to execute by 7/21. It takes 3 days after initiating your buy order for your cash to settle before they can execute the buy order.
+
+​
+
+**What about transfers?**
+
+This will vary by brokerage, and you should contact your individual brokerage to find out.
+
+Fidelity Agents have stated you can transfer shares until the 18th, and then again on the 22nd.
+
+If you have shares in transit on the way to Computershare, if Computershare receives them by the 21st, the dividend shares will show up in Computershare. Otherwise, the shares will show up in your old broker since that's where you'd still be on record as owning shares. Your broker is then required to transfer to your new account within 10 business days of receiving the dividend.
+
+​
+
+**What about the shorts?**
+
+The same math works for them. If someone spends $1,000 shorting GME they will still be short $1,000 worth of GME on market open.
+
+While shorts would be required to pay a cash dividend, a stock dividend works pretty much the same for all investors regardless of whether you're short or long.
+
+Basically, they will not be required to purchase anything unless they need to close due to other circumstances, such as the price going up too fast, cost to borrow being too expensive, margin calls etc.
+
+​
+
+**Let's check in with the shorts (that we know of):**
+
+​
+
+https://preview.redd.it/u3rxwoedm9a91.png?width=856&format=png&auto=webp&s=27304100094379a9fa88fd0bbeb88e7db8fc69e8
+
+[Fintel: Shares Available](https://preview.redd.it/2i7vhx5hm9a91.png?width=717&format=png&auto=webp&s=6654718078830ccf0f0dc12319d3daa24ef643df)
+
+[Fintel: Cost to Borrow](https://preview.redd.it/jvfbh87km9a91.png?width=713&format=png&auto=webp&s=1fb2c96a830cd70eb1eb6c2d7085094b95a5035e)
+
+[Since 5\/24\/22, Fidelity has had 0 shares available](https://preview.redd.it/e7q6hpinm9a91.png?width=494&format=png&auto=webp&s=a4d7788231556f8db41ff7ab32316639ef3f0616)
+
+[Record Breaking Short Utilization](https://preview.redd.it/ae1owo7qm9a91.png?width=680&format=png&auto=webp&s=20383c2c020d7dc6c27029b7359f660417545f0d)
+
+​
+
+**Is this game over for the shorts?**
+
+First, **let’s elaborate on the points above and clear up some misinformation** that’s been spreading.
+
+The information below **ONLY applies to** **CASH** **dividends:**
+
+*Investors short a stock are never entitled to its dividends, and that includes those short a stock on its dividend record date. Rather, short sellers owe any declared dividend payments to the shares' lenders.*
+
+Shorts **do not owe** declared dividend payments to the shares’ lenders for dividend stock splits. Payment refers to cash dividends.
+
+​
+
+**What about the shares on loan?**
+
+Shares can be recalled by lenders at any time for any reason, but they can continue borrowing as long as lenders are lending.
+
+Cash dividends get paid by the borrower to the lender on the dividend payment date.
+
+Source to rules:   [National Securities Clearing Corporation - Rules & Procedures](https://www.dtcc.com/-/media/Files/Downloads/legal/rules/nscc_rules.pdf) (Pg 109 begins with The CNS System - Pg 112, Section 8(b) explains the process with stock dividends)
+
+Non-cash distributions like a stock dividend just get added to the loan balance and are not immediately paid to the lender. The borrower only has to return the additional shares when they close out the loan, either when the lender recalls the loan or the short seller closes their position.
+
+Source: Standard Lending Agreement
+
+Copy of the MSLA: [https://www.sifma.org/wp-content/uploads/2017/06/MSLA\_Master-Securities-Loan-Agreement-2017-Version.pdf](https://www.sifma.org/wp-content/uploads/2017/06/MSLA_Master-Securities-Loan-Agreement-2017-Version.pdf) (Per paragraph 8.2, cash and non-cash dividends are handled differently.)
+
+​
+
+**Back to how this hurts the shorts:**
+
+***"Not accepting that stock splits add value is a recipe for losing money."*** Historically, stock splits have impacted shareholder sentiment and have fostered short-term rallies. This has been seen with several tech giants, including Tesla, Amazon, NVIDIA, and Apple.
+
+**In the specific case of GameStop, the stock split should be a potential short-term catalyst for increased buying volume. In turn, this will pressure short sellers to cover their margins.**
+
+Source: [GameStop Stock: What You Need to Know About the 4-for-1 Split](https://www.thestreet.com/memestocks/gme/gamestop-stock-what-you-need-to-know-about-the-4-for-1-split)
+
+​
+
+​
+
+**More reasons why this is good for GME holders:**
+
+Stock splits can improve trading liquidity and make the stock seem more affordable.
+
+In a stock split the number of outstanding shares increases and the price per share decreases proportionally, while the market capitalization and the value of the company do not change.
+
+Here’s an example of how Apple shareholders benefited when this was done in 2020:
+
+​
+
+[March 30th, 2022](https://preview.redd.it/d70i4ka2n9a91.png?width=926&format=png&auto=webp&s=c0e44ea084c76081c679c5f76b5e816c838793d8)
+
+​
+
+**Has this been done before?**
+
+Another recent example of what happens with a stock split dividend is Tesla, back when 10% short interest was *high*.
+
+​
+
+https://preview.redd.it/nxaha7hym9a91.png?width=775&format=png&auto=webp&s=99a0e97918a9093c52ae77874cd3f9414a6b3d76
+
+The above picture depicts Tesla’s post-split performance. As is evident, the stock clocked in gains of over 300 percent between the announcement of a stock split and the receipt of additional shares, with the stock rising from $350 to $2,210. After undergoing this 5-to-1 split, the stock price was adjusted to $442. However, Tesla shares maintained their upward trajectory even after the consummation of this move, with the stock recording an all-time high of $1,243.49 in November 2021, equating to $6,217 in pre-stock split price terms. This entire journey consists of gains of 1,776.11 percent.
+
+​
+
+Credit to u/Cataclysmic98 for their post going through this:
+
+[A comparative look at Tesla's stock split. Spoiler Alert - This Could Be HUGE!](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/)
+
+​
+
+**What are the tax implications?**
+
+A customer who acquires additional shares through a stock dividend or split reduces the per-share cost basis and defers taxation until the stock is sold. Unless the stock is sold, you would not report the stock dividend on your tax return.
+
+Source: [https://www.irs.gov/pub/irs-pdf/p550.pdf](https://www.irs.gov/pub/irs-pdf/p550.pdf) (page 21)
+
+​
+
+**What happens to the DRSbot share count?**
+
+**TLDR:** u/Roid_Rage_Smurf has a plan. Check out his post with the details here:
+
+[**DRSBOT splividivisplividend and stuff...** ](https://www.reddit.com/r/Superstonk/comments/vtonvj/drsbot_splividivisplividend_and_stuff/)
+
+​
+
+**What’s going on with Fidelity not allowing DRS?**
+
+There were reported issues of Fidelity no longer allowing transfers to Computershare until after the split. This was a temporary issue and is now resolved. You are still able to transfer from Fidelity to Computershare until 7/18. If you are told you cannot do this before 7/18, **ask to speak to a corporate compliance officer.**
+
+​
+
+**Do I need to adjust any settings with my broker to receive the dividend?**
+
+This only applies if the dividends are cash. If the dividends were cash, you could choose cash equivalent or you can choose to reinvest in the stock - meaning when the cash came, it would default to purchasing. Since this dividend is in the form of additional shares, you will receive those additional shares regardless of settings.
+
+​
+
+**Will DRS shares have priority to receive the dividend first?**
+
+Potentially, since Computershare is the transfer agent responsible for distributing the stock dividends. However, when this will be reflected in accounts is still to be determined, so we can't say 'yes' for sure.
+
+Different brokerage companies have their own procedures for handling their accounting records for stock splits. Even though the additional shares are to be distributed after market close on 7/21, you may not see them reflected in your account then. It is reasonable to expect that by 7/22, your account will be credited with the correct number of post-split shares.
+
+​
+
+**Do fractional shares receive dividends?**
+
+Potentially, this is up to the issuer.
+
+Sources:
+
+[Do Fractional Shares Pay Dividends?](https://thepoorinvestor.eu/fractional-shares-dividends/)
+
+[How Do Fractional Shares Work?](https://www.nasdaq.com/articles/how-do-fractional-shares-work-2020-09-09)
+
+​
+
+# MORE HYPE!
+
+​
+
+**Marketplace is launching any day now!**
+
+​
+
+[Credit: u\/Peter\_Rodrigues1986](https://preview.redd.it/jhawsbe8n9a91.png?width=867&format=png&auto=webp&s=b765176c6181d80384b95d463ab7a41e508f1c20)
+
+​
+
+**Catch up here!**
+
+[GameStop NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) (Credit to u/bah2o)
+
+​
+
+**How could the stock dividend tie to the marketplace launch?**
+
+Check out this speculation post from u/knutolee
+
+[GameStop timed the 4-to-1 stock dividend perfectly with the launch of the NFT marketplace to deliver a reason for the imminent stock jump](https://www.reddit.com/r/Superstonk/comments/vtatsr/gamestop_timed_the_4to1_stock_dividend_perfectly/)
+
+​
+
+# What Happens Next?
+
+**All of the information provided within this post is based on fair market conditions. It's difficult to know what will happen if there are not enough additional shares to provide to shareholders due to there being more shares circulating than actually exist.**
+
+We would encourage you to ask questions and suggest possibilities in the comments below. We’ve had close to 2 years of DD (Due Diligence) that suggest something we call the MOASS (Mother of All Short Squeezes) is in sight. LFG.
+
+​
+
+[Credit: u\/No\_Pie\_2109](https://preview.redd.it/977dsrlcn9a91.png?width=568&format=png&auto=webp&s=a71da6e0a4b1be9cae7f81cb8ec8405db0d7ab9e)
+Aight blokes gather around. If youre sick of getting Motley Fooled give this a crack
+
+This is how I DD a stock, so hopefully, new investors won't get fooled into pump-and-dumps. There's obviously a lot of ways to do your due diligence on a stock, I think the most important thing is having a process and not relying on trash articles, or your mates tips :|
+
+# My Stock DD Checklist [Summary](https://prophet-invest.com/stock-dd-checklist-for-beginners)
+
+Are you sick of getting *Fooled* into terrible stocks? Stock DD or Due Diligence is probs the most important step in investing. So do your DD and don't COP a Pump and Dump. Heres HoW To FinD THe NeXt AfTeRpAy.
+
+**Step One: Identify the Stonk**
+
+The first step to a stock DD is obviously finding a stonk to DD. This could be a recommendation from your dodge mate, or maybe you got Motley *Fooled* into *“ThIs StOcK iS ThE NeXt AftErPaY”.* The important thing to note here is the intent of the source that is mentioning the stock. Do they have a vested interest? Are they tryna pull a Jordan Belford on ya? What is their motive behind mentioning the stock?
+
+For these reasons, it may be a good idea to identify your own stock. Have a think about companies that you interact with and see if they are publicly traded. Or browse through the listings. Although these strategies are honestly slow and probs trash you can be sure there’s no altera motive.
+
+**Step Two: Understand the Company. Know the Stonk**
+
+This is an extension on the phrase don’t invest in something you don’t understand. The same goes for individual stocks, it’s probably not a good idea to invest in a company if you don’t even know what they do PROBABLY?
+
+1. Search the Businesses ‘About Us’ Section
+
+Pretty much all ASX listed companies will have a webpage with an ‘about us’ section browsing this and their website can be a good starting point to understanding their business, and a good start to a stock DD. See if their website is trash while ur there.
+
+2. Use Market Index and Read the Company Profile
+
+[**Market Index**](https://www.marketindex.com.au/) is decent for ASX listed stocks, it has a Company Overview section for every stock which gives a quick synopsis (Synopsis: a bRiEf suMmaRy oR gEneRal SurVEy Of SoMEThinG)  about the business and what they do.
+
+How Much Do I Need To know?
+
+Peter Lynch “Never invest in an idea you can’t illustrate with a crayon.” As a starting point you should be able to answer at least these four questions, and probs be able to use a crayon;
+
+1. What sector is the company in?
+2. What does the company do?
+3. How does the company make money?
+4. How long has the company been around?
+
+**Step Three: What is their Market Cap**
+
+A company’s market capitalization or (Market Cap: if you didn't know) is how much the stock market determines a company is worth. it is calculated by the total market value of all outstanding shares. These are Large, mid and small cap.
+
+Each category can be a good investment strategy it's just important to note that each group has different companies at varying levels of maturity. You shouldn't buy a micro-cap and be surprised if it gets delisted instead of paying dividends. Likewise, you probably shouldn't buy a Bluechip and hope they go to the moon.
+
+**Step Four: Screening Software for Stock Analysis**
+
+There are a lot of websites and tools available to screen the selected stocks, Here's what i use:
+
+[**Trading View**](https://www.tradingview.com/) great
+
+[**Market Index**](https://www.marketindex.com.au/) great
+
+[**Yahoo Finance**](https://au.finance.yahoo.com/) ehhh
+
+[**Simply Wall St**](https://simplywall.st/about) decent, (lots of nice Pics if u cant read)
+
+**What are we looking for?**
+
+After picking some of these tools that works well for you, perform a basic fundamental analysis on the stock. Looking for any red flags:
+
+**Earnings Per Share (EPS):** Positive? Growing over time? Earning?????
+
+**Price to Earnings Ratio (PE):**
+
+* PE 0/NA: *The company has no earnings*
+* PE 1-14: *The company is undervalued/has low investor sentiment regarding growth*
+* PE 15-20: *Average*
+* PE 20+: *The company is overvalued/has high investor sentiment regarding growth*
+
+**Book Value:** The book value is the net assets of a business divided by the number of shares on issue.
+
+**Debt:** A company should have more assets than liabilities to avoid bankruptcy. We like companies with low-to-no debt. If a company has debt, ensure it is well covered by assets and earnings
+
+**Return on Equity (ROE):**
+
+Higher ROE = The better the company are at making money from equity and vice versa.
+
+We like companies with consistently higher ROE over 10. A low ROE means low growth potential.
+
+**Past Performance:** We all know 'past performance is not indicative of future returns' but it can pay to have a quick look at the stock chart. If its going up that means money
+
+**Step Five: Financials**
+
+find the companies latest Yearly or Half-Yearly report. Analyse its Income Statement, Balance Sheet and Cash flow statement.
+
+**Step Six: Cap Raise! Dilution**
+
+Therse nothing more frustrating than seeing your share getting hit with Cap Raise after Cap Raise and seeing your shares diluted to nothing. We all had that feeling when they halt and release another supplementary prospectus. FML. One easy sign that a company is constantly raising capital is through looking at it's share price and number of shares on issue. IF SP is rly low and number of shares is rly high then they're probs cap raising 24/7.
+
+We can also use the financials we read before to try and predict if the company is adequately capitalised.
+
+A capital raise is not necessarily a red flag, but be wary and sucks to see all those trading haults.
+
+**Step Seven: Buy Sell Ratios and Volume**
+
+See if there are a healthy number of buyers and sellers and decent trading volumes. The best way to do this is using your trading platforms. If you're wanting to sell there's got to be someone to buy the trash off you.
+
+**Step Eight: Prospects**
+
+When examining a company for your stock DD we should consider its macro and microeconomic factors. Notably regulation and future industry outlook and disruption. Are they gonna be the NExt Blockbuster? Is the gov gonna screw u over?
+
+**Step Nine: Competition**
+
+compare the stock to it's direct competitors. To do this we are going to go back to step four and compare the company's fundamentals against its competitors. If the competitors are better then why not buy them instead?
+
+Do they have an economic moat?
+
+**Step Ten: Insider Ownership and Management**
+
+**Insider Ownership:** We generally like companies with large insider ownership. This is big for small cap companies. Skin in the game helps ensure the management's motives are in line with ours. U can use [Simple wall St](https://simplywall.st/about) which shows Insider Ownership and Trading easily. We like small cap stocks with \~30% insider ownership and history of owners buying on market. For large cap companies' insider ownership will be lower, 3-5% would be decent in this case. It wont be much for large caps u clearly wont see matt commyn coppin 30% of CBA any time soon.
+
+**Are management buying or selling large amounts of shares?** Sudden large selling by management for no apparent reason may hint that management believes the company is overvalued or peaked at that point in time.
+
+**Management Experience:** Consider educational and professional backgrounds. One of the most important factors is their experience in the industry. Their reputation is also key. What goals has the management set out for the company? Have the leaders had successful projects in the past, or did they fail?
+
+**Bonus Step: Speccies are Sentiment and Hype**
+
+After going through every step and doing a thorough DD, it's important to mention that the market is unpredictable trash. Even with the most advanced analyses, speccies are just sentiment and hype. By every stretch of fundamental analysis, they are trash stonks, that doesn't mean you can't make money off them. Just be ready for the pump-and-dump!
+
+[Full aNaLySis if intereste](https://prophet-invest.com/stock-dd-checklist-for-beginners)d
+
+Cheers for reading blokes. Hoepfully this saves at least someone from getting Motely Fooled in "THe NeXt AfTeER PaY"
+Was already on an OK offer - £24 for 100mb. Due to go up to £44 next month as the 18 months had ended. Called them yesterday, told them I'd seen an offer with Vodafone that's £25 and £150 off (so £18 a month effectively). Their best offer was £25 (even after offering me £30), so told them no.
+
+Like clockwork, 23 hours later they called me and gave me it for £17 and included some streaming box.
+
+If you're out of contract for any service like this, do it. The key part is actually saying no, I want to cancel, and wait for the call back.
+It’s interesting being on Ted Cruz’s side, but he’s really fighting for Crypto’s future.
+
+He’s now introduced this amendment and said he brought it up because he says there’s not 5 senators who can even explain what crypto is…
+Hey everyone, I find this annoying but the CRA is showing a crazy high number of allowable contribution room for my TFSA but I just maxed it out yesterday. Did I do it correctly? I added up all my ‘book’ values of my TFSA’s and used that and compared to my allowable room based on how old I am and how much room I have. 
+
+I know the banks report once annually to the CRA on contribution room but it’s annoying that it’s entirely your responsibility but if you over contribute, the CRA shoots you and your entire family.
+
+Edit: I track all my balances in an excel spreadsheet in real time
+
+Update: I downloaded all my statements, tallied it up and I’ve over contributed by $2K. Waiting for the CRA to execute me
+
+Note: I’ve contributed a lot this year (I’m 28) in a few TFSA accounts which made tracking kinda awkward this year. I appreciate everyone’s help and anecdotes
+By now, you all know that GameStop performed a Stock Split in the form of a Stock Dividend on July 22, 2022 which seems to be causing all sorts of *confusion*.
+
+[https:\/\/news.gamestop.com\/news-releases\/news-release-details\/gamestop-announces-four-one-stock-split](https://preview.redd.it/13pb7ugyojf91.png?width=2254&format=png&auto=webp&s=121f789d2ca12b076ba56ba442c8c6197dbd27ad)
+
+A number of brokers have reportedly been informed by the DTCC to perform a simple **stock split** (where each position, long or short, is simply multiplied by 4).  Apes know that isn't correct because our dividend shares (splividends) are supposed to have come from GameStop via ComputerShare.