diff --git "a/reddit_finance_43_250k_362.txt" "b/reddit_finance_43_250k_362.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_362.txt" @@ -0,0 +1,10000 @@ + +i respect everyone’s opinion because they are entitled to it, but honestly what’s the point of being here then? +Hi folks, hope you’re well. I’d like to just ask the swing traders in this subreddit. For any swing trader that’s been consistently profitable for at least a year or longer, I’m just wondering if you ever go through a period of, say, two or three months where you don’t make a profit due to either a losing streak or maybe that the conditions aren’t yet favorable to your trading strategy. + +My question centers around whether it is normal for a swing trader to have this dip in their performance. Any insights regarding this will be greatly appreciated (thanks in advance, good people). + +Peace +I live on the edge. I have been using short take profits for the past couple months. When my trades run bad ... I let em! They have always come back. Today 4 of them came back from..... waaaaaay in the red on xau/usd. I took profit. My account is up 10%. + + I'm using .01 lot sizes. Margin call you say? What's that? This is working better than my actual trading strategies or things I researched. + + +Edit: for those trading using other strategies, what do you think is making you profitable using a SL? What are your confluences? +So u/Alby558 posted about his uranium thesis 105 days ago. As of today CCJ and URA the main tickers they were talking about and are up 50% in 90 days. I thought I give him an appreciation post for the advice. +Should I wait before all this controversy blows over? I really believe in this technology and intending to sit on the ETH for at least a decade. + +Just out of pure speculation, what sort of returns do you guys think I'll be seeing in 2020? 2025? +Draftkings is down 10% pre market already from an article from Hindenburg exposing a bunch of issues with DraftKings. Including all the insider selling + +What are your thoughts on Draft kings at this price? Future outlook? +This bear market hits really hard, but is this the bottom signal we have all waited for? PlanB has shared a referral link to ByBit exchange (ranked 17th on CMC) to his 1.8M followers, starting a lot of laughs and confusion on crypto-twitter. He also recommends options and futures. Sadly he did not say whether we should use 10x or 25x leverage, leaving people wondering and unsatisfied... Maybe the right amount of leverage will be described in the hinted article he is writing! + +https://preview.redd.it/vv0o9a8z9j991.png?width=582&format=png&auto=webp&s=6738c481df1ebb84cac1dfdd04580bda35e8108c + +After decoding the twitter link you get: + +https://preview.redd.it/cu3swn35aj991.png?width=782&format=png&auto=webp&s=9d2d5c85d03e6a63bb43e7b6d3be94227960f87d + +What comes next? (; + +FYI - I'm not giving links to his twitter profile, I'm sure everyone can find it and verify for themselves that these are legit screenshots and a legit profile! +Friday had unusual trading activity in GME swaps. Multiple new swaps were opened at around the same time with very similar parameters. All of them are portfolio swaps that are marked as new trades. + +Portfolio swaps are defined as *a trade in which one party pays the other party an amount based on the price return of an equity security, and the other typically pays an interest amount on the notional value of the equity.* + +The Payment Frequency Period of these swaps is monthly and quarterly. No expiration date was set on all swaps. + +**The total amount of new swaps is 56 million USD, corresponding to 1.18 million shares.** + +[Swap report data for GME on 2022-07-22 in a table.](https://preview.redd.it/d8ppllb02cd91.png?width=2081&format=png&auto=webp&s=b42685b7ffc613138d010eca1e6b452b5471cc8a) + +These are new swaps and not re-priced swaps; if that would be the case, then we should see the termination of old swaps or entries marked as "amendment" in the report data (but there isn't). + +Notably, the values in the Price column are not aligned with the current price of a share, but rather distributed in a range from 4 USD up to 150 USD. Maybe this replicates a certain options strategy or, maybe, it is a large trade that was split for obfuscation to avoid detection. Those trades could also be towards different trade partners. Hm. + +[Amount over Price distribution.](https://preview.redd.it/3z7m4vu98cd91.png?width=3510&format=png&auto=webp&s=0899262df7164d189c30a632d9354e5397713a25) + +[There is a certain pattern when we sort by Price.](https://preview.redd.it/9sr0lokepcd91.png?width=329&format=png&auto=webp&s=c881e3d64ba7250ad50b774db7f8a9edcba70211) + +The mentioned report data can be obtained from the PPD dashboard of the DTCC ( [https://pddata.dtcc.com/gtr/sec/dashboard.do](https://pddata.dtcc.com/gtr/sec/dashboard.do) ), from the section of SEC cumulative equities. +TLDR: Get a cash account. + +A lot of people complain about the 3 day trades per 5 trading days rule for accounts with less than 25K. Those complaints are completely understandable. However, there is a way to get around that rule without having 25K in your account. + +(Obviously if you have a $25,000 account, then you don't need to read this post.) + +This works with most cash accounts, but I'll be talking about [thinkorswim by TD Ameritrade](https://www.tdameritrade.com/tools-and-platforms/thinkorswim/features.page) since that's what I use. + +Create an account on TD Ameritrade. It needs to be a cash account with options trading level 2 enabled. Margin privileges should NOT be enabled. + +Here's what day trading is like with a cash account: + +For example, let's say you have an account of the size $1,000. On Monday, you buy calls for $200 and sell those calls on the same day for $500. You just made a $300 profit. Your account is now worth $1,300. Now, you won't be able to use the $500 you made on this day trade for the entire rest of the Monday. You'll be able to use those funds on Tuesday. However, you still have $800 that you can use to day trade on Monday. You can basically keep day trading until available funds reaches 0 for that day. Then, those funds free up the next day and you repeat. This prevents you from force trading and over trading. + +Here's the best part... + +You can also open up a thinkorswim margin account. Link it both ways with your cash account. You now have the ability to instantly transfer your funds to margin account and vice versa. Transfer all of your funds to the thinkorswim margin account, and use up the 3 day trades on this account. You can't use margin to trade options so don't worry about interest or anything like that. Once you've used up your 3 day trades, use the instant transfer feature to transfer all of your funds from margin account to your cash account. Now day trade as many times until buying power reaches 0. Once your 3 day trades come back on the margin account, instantly transfer all funds from cash account to margin account. Use up the 3 day trades here, then transfer back to cash. + +Here's the bad part... + +You have to pay commissions of .65 cents per contract. However, once you've placed enough trades on this platform and you day trade often, you can always negotiate with the broker to lower your fees. + +The UI is nowhere as good as Robinhood. However, you can try thinkorswim on an iPad, it looks a bit cleaner... but nothing close to Robinhood's UI. Robinhood will always have the best UI, imo. Unfortunately, Robinhood only offers margin account. + +Conclusion... + +This setup allows you to day trade with a bit more freedom. It's not close to having 25K account and day trading, but it's still pretty damn good. + +If you need help setting anything up, just contact thinkorswim support team via the mobile app. Or, just PM me and I can try to help. There's also a countless number of videos and articles that can help you as well. +The situation: I’m currently a 3rd year uni student and so I’m on HECS, and I also took out a Student Start Up loan from Centrelink. This is combined with youth allowance that I also get. The Student Start Up Loan (SSUL) is given to students to pay amenities fees, textbooks etc, to help us out so we can afford to purchase items that are required for uni. We get $1094 every semester (so twice a year). The situation I’m in, is that when I turned 18, I became eligible for Youth Allowance and the SSUL, so my mum took me to Centrelink to sign us up, and what I really hated was that she put HER bank details in, so she would be receiving my youth allowance and my SSUL. At the time, I didn’t say anything. I had to sign a form to nominate her as my payment destination, I hated signing that thing but I knew that if I didn’t, she would punish me. Fast forward to July 2021 when NSW is now in lockdown, and I’ve been stood down so I’m not making any income. The government was nice enough to provide people who have lost jobs $200 a week on top of our youth allowance, so when I was applying for it, since my mum was the nominated payment destination, I wasn’t able to change it to my own bank details. I took this opportunity and I called my mum up to ask if I could remove her bank details, and after a long back and forth conversation she relented and let me remove her, so that now *I* would be receiving my Centrelink money rather than *her*. Basically she’s been taking my money from Dec2019 until July2021. I don’t care so much for the youth allowance and coronavirus supplements that she’s taken (I’ll just let it be a really expensive rent I paid - around 25-30k), but I care about the SSUL because I know I’ll have to pay that back later. In total she’s taken 1094*5=$5470. When I do eventually pay that back though, they scale it based on inflation (just like they do with hecs) so I’ll be paying more. + +The context/background info: I currently live with my mum (I’ve never moved out). Ever since I’ve started taking my own Centrelink money she’s been jokingly saying I should pay rent. Back in 2019/2020 I actually paid rent based on my income. I gave 40% of my income to her. At this point I wasn’t getting my own Centrelink money and I was still giving her a large portion of my income. When 2021 came around I stopped doing this as I felt it was so unfair. We’re not living paycheck to paycheck, so I don’t understand why she is so money hungry. I come from an Asian background and so it’s very hard to have open and honest conversations without my mum having a victim mentality in her head. I love her and I’ve given her a lot of “my” money already, but since I need to pay back this loan eventually, I really think I deserve that money back. + +The question: how do I ask her in a respectful manner, for my SSUL money back? + +Please be mindful of commenting. I love my mum and I wouldn’t want to put myself in these situations if I didn’t have to, but the reality is these things happen and any advice to help me overcome this hurdle would be much appreciated. + +Edit: just want to clarify that I still pay rent, however it’s no longer 40% of my income. I pay around 100-200 a week dependent on how much I have (on average it would be around 150). Due to lockdown I no longer have many expenses that I would usually have, such as for transport and eating out. +I have had a home loan with ING for the last 4 years on my PPOR which I put 20% deposit on. Their rate for me inflated to 5.8% with all the rate rises over this year. + +Called to discuss, they only offered 5.1% even though new customers can get 4.79% according to their website. + +Also they don't offer any different rates once your LVR is less than 80%. + +Definitely considering UBank or CBA after this, as they didn't even seem to want to try and come close to the other lenders rates. +This fact had me dying laughing in the shower this morning. Like how much sweeter can this get? They were that fucking cocky back in February they straight up lied to congress about covering their shorts, called us antisemitic or some shit, and have the audacity to keep pumping out shill articles claiming we're the ones manipulating the market. Guys I think hedge fund managers might be the most entitled pricks in the world lmao. They're literally just like that one whiney ass kid in COD lobby who gets a 0.2 KD every match and accuses you of using an aim bot. +I personally would pick HACK, because cyber threats are only growing. I do not see that industry plateauing anytime soon. I also think the majority of companies currently under-spend, when it comes to their own cyber security. +It's finally happened today, when i logged into Personal Capital, our net worth was over $1mm. Markets haven't exactly been helping out, but we save 60% of our disposable income, and just keep stashing it away. Slow and steady wins the race. + +To put it into perspective: +household income: 220k +ages: 33 and 36 +asset breakdown: 1/3 home, 1/3 retirement funds, 1/3 personal brokerage accounts and cash + +Still halfway to go before we're FI, but when I graduated from college, did I think I would get here? Hell to the nah. + +Edit: We're both engineers. +This was a painful read, but almost every trader I know has been through something like this, just not this extreme! + +I feel bad for the guy, I can imagine there will be hundreds of more stories like this as time goes on and volatility and margin trading in crypto does its job. + +Here is the story, link to OP is included at the bottom: + +>So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes closing too early or too late, but always making profit) + +>I turned 3 lowly btc which I had from playing poker (at the time 3k) into nearly 200 BTC which was almost 4 million at the top and would be 2 million at current prices. + +>I thought I was a trading genius, a god, whatever. Anyway, this is where the sadness starts. + +>After the dump from 19k to 11k I went long at the bottom, and kept adding to my position on the bounce to 12k 13k, 14k. Then, at the 16k dead cat, my position was a further 100 BTC in profit. Instead of closing then and having a total 300 BTC, I increased leverage and increased my position size. This entire position was liquadated on the drop back to 12k, because my entry had moved up so much. I lost 100 btc paper profit and nearly 50 BTC margin. I was devasted, and down to 150 BTC total. + +>After evaluating the situation, I came to the conclusion that the pump to 16k was a dead cat and that we are going lower. Therefore I shorted. At 12k. Added at 13k. Added at 14 and 15k. Got liquidated at the top at 17k. Another 50 BTC loss. Down to 100. + +>Think, ok we made a higher high at 17k, uptrend back on. Went long. Got liquidated at 13k. + +>50 BTC left. Devastated, unsure, no clue whats going on. Sat through the drop to 9k, when we bounced I thought it could be the bottom. Longed at 11500, panic closed 10500. When we went to 13k I was kicking myself for panic closing, went long at 12800. + +>Liquidated this morning for my last bitcoin. + +>3 BTC to 200, to 0 + +>At this time I am still in shock, the last few months Ive neglected relationships and school, and Ive been daydreaming about living the high life rich as fuck with my millions. + +>Now, I am nowhere. + +>Posting this so others dont gamble away life changing money. Dont want donations or tips not posting an address dont PM me. I never want to hear the word btc again because I want to forget + +https://www.reddit.com/r/BitcoinMarkets/comments/7s8umm/how_i_lost_nearly_200_btc_trading_this_past_month/ +Like title. Camera footage comes from a local business that was kind enough to provide me with their security footage. I originally thought that it was just a minor cosmetic bump, but it messed up my back axle and would cost more money to fix than the car is worth at this point. I was fine just claiming the insurance money, but I don't like being lied about, and I feel like this broadens my options just beyond "insurance". Let me know what I should do! + +Incident happened in Philly, PA, if that makes a difference. +I know people preach the end of days perpetually, but given everything that’s going on I think a recession is incoming. I’ve never been an adult during a recession but early days of COVID had investing opportunities that I failed to see. Im not going to miss what’s next. Recessions suck, but for an investor it’s an opportunity. + +With that being said I’m on the lookout for good investment opportunities. Not buying a house while things are peaking. + +For other investments im looking at electric freight like hyliion and some others. + +What are you gonna jump on in the case of a recession? +Exxon Mobil Corp. plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, the company said in an email to staff. + +“These are difficult times,” Chief Executive Officer Darren Woods said in the message, the text of which was released by the company Wednesday. “We are making tough decisions, some of which will result in friends and colleagues leaving the company.” + +The oil behemoth’s job cut is just the latest sign of struggle among U.S. energy producers seeking to weather the industry’s worst downturn in recent memory. Just this week two high-profile mergers were announced as explorers seek to gain scale and cut costs to survive the devastating impact of COVID-19 on global demand for fuel. + +Exxon’s stock has plunged and the company has all but ended its aggressive, US$30 billion-a-year counter-cyclical growth strategy. The company was forced to slash its capital spending budget by a third, or US$10 billion, earlier this year. Rivals such as BP Plc and Chevron Corp. have also announced large layoffs in recent weeks. + +“Our plan is to continue to stage project execution and spending,” Woods said. “Making the organization more efficient and more nimble will reduce the number of required positions and, unfortunately, reduce the number of people we need.” + +Exxon’s stock has plunged 52 per cent this year and briefly lost its long-held crown as America’s top oil and gas producer to Chevron Corp. Its dividend yield stands at more than 10 per cent suggesting that investors believe it may be cut for the first time in at least four decades. + +https://www.bnnbloomberg.ca/exxon-mobil-to-lay-off-employees-citing-tough-markets-reorganization-1.1511378 +A good friend of mine has a brother that is a financial advisor with Edward Jones. I work in sales and about 6 months ago I decided to open and transfer most of my savings into an account with Edward Jones. I didn’t do much research and more or less took my friends brother’s advice on investments. I wasn’t worried at first when transferring any of this money (35k), as this is supposed to be money I wont be touching for years. The money was diversified pretty well across different growth etfs, dividend payers, etc. so I was pretty happy with where the money was going. The 35k is now down 18% which is no problem to me because I have invested for quite some years and know I invested somewhere near the top so the loss isn’t too big of concern. What is a concern is after checking some statements, I dont know if im a fan of the fees…after calculating, it seems ill pay around $380 a year in fees…for really just handing this guy some cash. I dont need much investment advice, just someone to buy and diversify for me. After doing some googling/research it seems the general consensus is bad against ED, especially at a young age. Simply put, should I transfer these funds to another broker with lower fees or just continue to stow away money and not worry about it 6 months in. Thoughts? +&#x200B; + +[IV premium on short-dated GME options is insane right. I highly recommend taking a look at the chains since they are so juicy. Max loss here is $43, took in $457. To be clear; I am aware that the probabilities are low here, but the max loss is a drop in the bucket so I took the gamble.](https://preview.redd.it/3z0gir9zs2l61.png?width=897&format=png&auto=webp&s=45732dfc4ddd56b55498fcf309e81dc3b35db1a2) +Might be a funny question, but if I was bearish and selling a covered call, and say I just want to get out of my position, if say a stock is priced at $30 per share and I sold a call at a strike price super low like at $20, so I can pocket the largest premium, at that point, the breakeven is really just the difference between the current stock price and cost of premium. + +If the stock moves sideways and does nothing, but never reaches the breakeven, even by like 15 cents, is it possible for my brokerage to still exercise the contract, even if it logically doesn't make sense financially, since breakeven was never reached? + +I'm wondering at that point if it just makes sense to pick the lowest strike price, to get the largest premium, believing it'll move sideways and expire anyway, even though the actual price of the contract never changes in value, since it becomes the difference between the stock price and contract price, hence why we can't just sell or buy it back to close positions, and have to actually wait for expiration to happen. +Even with a large move in the stock’s price, you lose (CALL that you sold is ITM at expiry) or buy (PUT that you sold is ITM at expiry) 100 shares. + +If yes, which tickers? And is this profitable in the long run? + +Asking because I feel like doing this instead of having to roll again and again takes less effort. +Hey gang, + +My wife and I have turned our eyes to the "what's next" portion of our lives. I'm 40, she's 36, and we are looking to start dialing back on working so many hours per week. Not retiring for years to come, yet, but more do something less stressful, sooner than later. I think that's labeled CoastFIRE? Anyhow, We are finally in a fortuitous position and knuckling down hard on our savings. We have zero debt. Own both cars, own our home free and clear, no loans. We pay for everything with a rotation of 3 rewards cards, depending on what 5% bonus each have activated for a given quarter, and those are immediately paid in full, monthly. + +Current savings/portfolio look like this: + +My 401k - 113k + +Her 401k (Sitting from a previous job) - 75k + +Investments (Split between a managed account and our own Vanguard) - 37k + +I got a very late start in taking full advantage of my company's 401k match, and this will be the first full year that I max out my contribution. It will stay maxed, going forward. + +We have a combined income of just under 200k, gross, and our monthly expenses are under 2k. We are pretty boring. Don't go out much, I love to cook, so that's a no brainer. We figured that, after taxes, we can easily stow away 78k annually, minimum. 102k by really cranking on it, which will be the goal each year. 48k of that minimum will go to the managed account and the rest (including the max of 54k) will go in to our newly opened Vanguard brokerage. Currently Vanguard is only the initial 11k in VTSAX, but we will be expanding that to include international in the next month. + +I know we are late to the game, but with our low expenses and high savings rate, are we crazy to think that we can generate a lumpy enough egg to take a step back and breathe a bit, work level-wise, in say 5ish years? +We are a 50F and 48 M year old couple who are both engineers with a 9 year old. We are rapidly approaching the point at which we could consider different choices in life than working 40-50 hours per week. +The thing that I find most intimidating us about leaving our jobs is health insurance. I’ve always had health insurance from an employer. +What are the best things we could do to manage our health insurance needs ? We can likely handle the risk of a higher deductible policy. +Just wondering if this is possible and anyone on here who has done it. Context, small company that got acquired, and we became chubby. Trying to figure out if it makes sense to join the company that acquired us and if people have had a fatFIRE path through big pharma (outside of being CEO) +Everyone here has probably heard the disclaimer "Past performance does not guarantee future results" more times than they can count. + +Yet, so many people still use or even swear by technical analysis, which is essentially just an interpretation of price movements, and therefore of past performance. Similarly, most financial models are tested using backtesting on a subset of historical price data. + +Clearly, the disclaimer does not match up with real practices. And if those practices were *complete* bogus, no one would be doing them. + +So: How should I view those practices, and how should I view this disclaimer? If past performance *does* indicate future results to some extent, why is not everyone running a strategy à la "Buy when it's 1% down sell when it's 1% up", if it so happens that this strategy works in a backtest? + + +https://www.cnbc.com/2021/01/11/walmart-to-create-fintech-start-up-with-investment-firm-behind-robinhood.html?__source=androidappshare + +Walmart has been aggressively expanding in the past couple years. + +They're looking to tap into healthcare and finance services and are becoming an in person Amazon, which provides not only every good you'll ever need, but also every in person service. + +With their large presence and high volume low cost model, I believe Walmart could really draw upon the pool of underbanked and fintech Americans. + +Looks like a good time to expand your position. +Hello everyone , first time posting here. I need your opinions since I am bit stuck with my property. +I bought a 3 bedroom flat in scotland in 2016 for £125000. + +Now I wanted to sell since I’m working from home and live at my girlfriends place and after that we could buy a future house together. Girlfriend owns a 2 bedroom house in her town but she wants to move out from town and would prefer not to sell her place. She would like to rent in future. The houses we look at are around 180k. I earn 32k and she earns 26k. I also have about 10k in savings right now. + +I recently got valuation done from estate agent and they are saying I could sell my flat for 110k. They doubt I could even sell for 125k. + +Even though I upgraded the flat with new bathroom and new flooring for living room and bedroom. + +So I am at loss here. Now I don’t know if I can rent my place cause I believe I need at least 25% paid of my property and my mortgage currently sits at 100k , so not enough. + +I have no idea what to do next, and I just feel so shit about all this. If I never bought property 4 years ago and was just renting , I would prob have around 30k deposit now. No point dwelling on past but I just feel like I have the worst luck. + +I think last resort option would be to have my girlfriend move to mine and rent hers ? But then how long will I have to wait for prices to go up? Who knows they might be even going worse later. + +On another note the roof has approx 10 years left to live and since it’s a top floor flat, scaffold will be needed and it could be 10k to put new roof but that would be divided by all owners in the building. No ideal for renting either. + +Ideally I just want to get rid of this place. It just brought me misery. I’m sure this place could sell easily since it’s very close to hospital and supermarket few mins walk away. + +I was thinking to speak to mortgage adviser at my bank about options but not sure what to even talk about. + +Sorry for long post, I just don’t know what to do. Talked to my parents and they were unhelpful saying it’s weird prices didn’t go up for property and just complained to me. + +EDIT: Thank you so much for all the responses. You all made me feel much better about current situation. I’ll be looking into it, this week. Will probably update my status in some time to let you know what I have decided if anyone interested :) +Question for anyone with personal experience. My father has his own home (newish unit circa $350k) and approx $200k in term deposits. He is in his mid 80’s and gets a part pension. He has Alzheimer’s and he currently lives on his own (him and my mother divorced when I was around 15, he has never lived with any one else and is a loner) but I suspect for not too much longer. I am an only child and have Power of Attorney for him. I pay all his bills (with his money, I am a signatory to his account), he no longer drives, doesn’t really have any friendships etc but has such a simple life with the same routine every day that he seems ‘ok’ at home. I see him regularly and organise his doctors visits, help him get money out of the bank for him to buy his cigarettes etc and I take him out for lunches etc. He showers and feeds himself currently. When we went to hospital for a heart episode earlier this year I realised how bad his Alzheimer’s was, it was quite shocking and he was completely disoriented and disassociated with anything, he returned home and with the routine he became ‘ok’ again, however is getting worse with time which is expected. I don’t plan on making any changes at the moment unless he gets worse (only a matter of time though) and he has expressed concern about going to an old people’s home (I don’t want him to go either if I can help him, the stories aren’t necessarily great from family I have that work in the field). He has been approved for aged care though already with My Aged Care. A nurse comes to give him his medication daily from a locked box. +My questions: +1. Does anyone have any idea the approx costs for him going into aged care when the time comes? I am led to believe that he would be paying ‘something’ and the longer he lives the more I think they will take all his money/ assets. If I thought he was going to get excellent care I wouldn’t mind, my concern is he will get crap care (understaffed/ under resourced - not knocking aged care workers who do their best) and there will be nothing left at the end. +I’ll be upfront and say I am the sole beneficiary of his will. He also did not want to go to aged care when he was more lucid. I am a single parent with 2 teenagers almost out of high school. I work full time from home. +2. My intention was to have him live with me (eventually) until he gets really bad and I cannot cope where I suppose I would put him in care if I have no other option. I hope it does not come to that though. I believe that there is a 3 year period between him ‘gifting’ his assets and being put into care himself. Can I do that as his POA? Is there anything negative that I don’t know about that I should? +3. My thinking was to (if he lives with me) to maybe put his unit on Airbnb (I’d manage it) and put his term deposits to something else that earns more than sub-1%. At the moment he does not use this to live off and just reinvests the measly interest. Are there any pro’s or con’s to do this in his name vs in my name? +I am wanting to do the right thing by him, not rip him off and look after him but I would be lying if there were also not financial considerations. He won’t get better from his dementia, but could foreseeably live many more years potentially and continue to deteriorate. I just don’t know who to ask these questions of, or if there is something I’m not thinking of. Thanks for reading this far also. +I don’t know exactly when it started, why it started, or how it started, but we as a community started swaying away from relying on detailed analysis and checking for sources. + +Then, we as a community became quick to call one another a shill.. or when somebody had a differing opinion, or asked certain questions, we were quick to label it as FUD. + +Now, we’re at a point where people are feeling like they’re putting their karma at stake to ask important questions. + +What the hell? What has happened? Why isn’t anybody really talking about this? + +We as a community need to remember that the QUESTIONS THAT WE ASK, is what DRIVES US FORWARD. + +(BING BONG, THE FUCKING PRICE IS STILL WRONG.) + +Ask your questions. Poke holes in everything. Find the proof that our thesis is WRONG. + +Fuck y’all, have a good night, see ya in the mornin’. +1. It has had the ability to move despite BTC price action. The flipping or something might happen too sometime in the future. + +2. Triple halving, EIP something, ETH 2.0... All of these updates are trying to make ETH more scalable and consumer friendly. + +3. Dapps are countless with countless use cases which Bitcoin has never supported. Bitcoin is a store of value and the market leader, but that's pretty much it. + +Would like to hear your opinions, against or matching mine. +I'm new to investing, didn't really do any research into ARKK before I bought it at ATH, so I don't really "trust" in my initial research, and at this point I'm unsure if the fund will recover at a rate that would beat just selling my positions in ARKK and buying VOO. + +What do you think? +I just have to rant, I’m sorry. I work a minimum wage job ( which luckily I really like!) and my girlfriend is also on minimum wage. We were ok for savings and then the pandemic hit us hard and we had to dip in. Ok, that’s what savings are for. I’ve been trying to get our savings back to a decent point for the last eight months, working 55 hour weeks, being really careful with our money, saving as much as I possibly can. After rent and bills slice my pay check in half I’m left with around £650. So the most I can put into savings is around £350- that’s living on the cheap, not really going out or spending my money on anything that isn’t necessary. And more often than not because I have such a meagre amount left to live on I end up dipping into the savings anyway. + +It’s not possible to live comfortably and save on minimum wage. I feel like I kill myself working these hours and not only do I not have bigger savings to show for it, but we’re still living paycheck to paycheck and we barely have money to have fun anyway. It’s so depressing to work so much and still have to decide between security and quality of living. I’m really sick of it. + +That’s it, I guess. Just needed to get the frustration out. Anyone else in the same boat? +SafeHorizon - Bringing financial freedom to apes, safe and confirmed moonshot beyond the horizon. + +Today I present you a 4 hour old coin that has already netted significant gains for investors. Yeah, you heard me right: a 4 hour old coin and just about to break 1000 wallets. This is what HOGE should have been all along, on BSC so low fees, 10% tax for liquidity and staking benefits, and more importantly: you are early! + +Simple yet POWERFUL Tokenomics! + +By holding Safe Horizon in your wallet, your token balance automatically increases per transaction in and out of the wallet. Automatic passive staking that benefits early holders. How awesome is that?! + +♻️5% of all trades are redistributed to holders + +🔓5% of all trades are auto-locked inside liquidity provider on PancakeSwap + +🔓NO RUG - Presale token for liqudity is burned forever (this is better than liquidity locked). Dev wallet has also already been burned. + +🔓No whales: Only 1 bnb per presale address. This means that there are no early whales to dump on us as we moon (looking at you, Safemoon!!) + +Thanks to the name, early support, and genuine community on Telegram this is a moonshot that we should all ape into. The Dev has also promised a marketing budget. + +Update: Coingecko listing coming within 24h! + +TO BUY on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa468391a62c3562c2e960534a2defde8686a2d81](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa468391a62c3562c2e960534a2defde8686a2d81). Other exchanges incoming soon!! + +🌈Telegram: u/SafehorizonBSC + +🌈Twitter: twitter.com/safeBsc + +🌈Website: [http://safehorizoncrypto.com/](http://safehorizoncrypto.com/) + +🌈Reddit community: [https://www.reddit.com/r/safehorizon/new/](https://www.reddit.com/r/safehorizon/new/) +I had a search through this sub and couldn't find an answer, so I hope this post is allowed. + +For a bit of backstory, my partner and I have completely separate finances but have a joint account that we both put the same amount in which covers rent, bills, food etc. This is put in 50/50. Now that I'm pregnant we're looking into how best to split/deal with finances when I'm on maternity. + +From my workplace, maternity pay works at around: + +-2 months full pay + +-4 months half pay + statutory maternity pay + +-3 months at statutory maternity pay + +-3 months at nothing + +For the first 6 months I know things will be okay, it's just from 6 months onwards that will be a challenge. Ideally, I'd like to take the full year but completely aware that this might not be possible. From my perspective I think the best way to move forward would be for both of us to save money up until my maternity leave starts and then from 6months I would then have access to this money and be on a salary so to speak? (This would then cover my portion of rent, bills etc. and then have money for myself). + +Or the other option would be both of us putting our salaries into the joint account, but as we do have such separate finances I think this would be a huge adjustment for us and I'm not sure if doing this when we're about to have a huge life change is the right time to do this. + +I'm really intrigued to know how others have manoeuvred maternity leave and finances! + +Edit: thank you everybody for your comments and sharing your experiences. I will most likely lose my job if I attempt to respond to anymore but I have tried to read as many as possible. + +The most common responses that I got where: + +1) My boyfriend take on all of the bills/cover my shortfall whilst on maternity. + +2) Put both of our salaries into a joint account which will cover all bills and both spend from the account. + +3) Similar to 2 but put both salaries into a joint account but allocate discretionary money into separate accounts so we both have money for ourselves (guilt free!) + +I’m heavily leaning towards option 3! But I really do appreciate everybody’s help with this ☺️ +Goldman boosted Netflix's PT to $670, triggering that run on Friday. Today they [boosted](https://twitter.com/carlquintanilla/status/1282632976560521217) Disney to $137 saying the market is undervaluing its DTC segment by >50%. They expect Disney+ reach to 150m subs by 2025 and that the Parks and Studios segments will fully recover post-COVID, and that synergies with DTC (Disney+, Hulu, and ESPN) with other segments are underappreciated. + +That got Disney off to a good start this morning; then, Disney Hong Kong announced that it would [close again](https://wdwnt.com/2020/07/breaking-hong-kong-disneyland-to-close-again-due-to-slight-rise-in-covid-19-cases/) after 52 new cases ([none](https://hongkongfp.com/2020/07/13/breaking-coronavirus-hong-kong-records-52-new-infections-sparking-fears-of-resurgence/) of them have been linked to Disney so far: 11 of them were imported from overseas, 21 had epidemiological links with previous cases, and 20 had unknown sources). +I remember using quantopian years ago but heard they took live trading away so people started to use quantconnect more. Where do most people generally write algos for backtesting nowadays? Locally or what’s the go to platform now? +Has someone looked into signs of votality, volume increase or similar numbers that predict a bigger dump and rely on technical indicators preferably. + +I want to implement a mechanism on my bot to disable trading while bigger dumps are occuring. +Hello there reddit, first of all who am I? I'm a second year physics engineering student that has some experience with machine learning (DNN, DQN..) in pytorch applied to particle physics. + +I have been feeling like a child lately, googling my way through this subject. I've recently putted my hands on the dirt: downloaded some crypto data (because it's free!), added some random indicators from a library I barely know, plug everything in dubious reinforcement learning algorithm, backtested it on an environment that I build in an hour and voilà! Nothing. Because I probably still have much more to learn and I'm still far away from understanding how "this" works. + +The question how is: How do I learn about it? What books do you recommend me internet? + +Thank you for your time reading this post kind stranger :) +Have a great day ❤️ +So I was just checking out the pension calculator here: + +&#x200B; + +[https://www.standardlife.co.uk/c1/pensions-and-retirement/saving-for-retirement/pension-calculator.page](https://www.standardlife.co.uk/c1/pensions-and-retirement/saving-for-retirement/pension-calculator.page) + +&#x200B; + +I am 27 with no pension doing a PhD. Looking at jobs I could be earning anywhere from 32 to 44k depending on whethe ri go into data science or consultancy. However if I plug 44k into this calculator and I put 20% a year in from when I will finish my PhD with an 8% employer contribution (may be conservative) even at the age of 68 I won't have a moderate pension. + +&#x200B; + +This seems nuts. + +&#x200B; + +Whilst I am not sure the calculator takes into account pay rises it seems like if I were to go for the data sciencey jobs that start at 32k and aren't obvious how they go up I would be fucked regarding a pension and really my only choice is consultancy. + +&#x200B; + +then ontop of all of this I still dont have property or anything so 20% is waayyyyy too bigger contribution while trying to get a mortgage. +[Options Calculator](https://www.optionsprofitcalculator.com/) + +If you like options, this is such a useful tool. Let's say you want to get on the TSLA hype and buy some short term calls. You enter the ticker symbol, select the date, and the option you want to buy. It'll tell you when you start making/losing money. For this one I selected a long call that expires 10/30 and is just barely under the stock price. + +As you can see, the window for you to make money is very, very small. Different options have much bigger green areas, but this tells you that if you don't hit the prices (left) by the dates (top) that are in the green you will most likely lose your money. + +Options aren't bad, although they are a riskier. You just have to make a smart decision. Use this tool, click on the price/date you're shooting for and it will tell you how much you'll make if it hits by that date (obviously this is a snapshot in time, so numbers may get a little squishy if stock velocity changes) + +&#x200B; + +&#x200B; + +https://preview.redd.it/1obdjpkecjm51.jpg?width=825&format=pjpg&auto=webp&s=fa7035af4d746bf5103b46a73712cf735b10930c +The walls are closing in. They’re defending lower and lower price points on the upside to avoid margin calls. They face more and more buy pressure on the downside as retail sees a better discount. + +Rock and hard place, let me introduce you to the shorts. They’ve got an incredibly small range in which to work. + +To understand recent price action we have to understand that from their perspective the only chance is to break apes psychologically and reduce enthusiasm. That means making it finish below 200 for the first time in a long time without getting it low enough to trigger a ton of buy pressure. They probably hope that if they can close under 200 today they can slowly but surely bring the price down over time as enthusiasm wanes and buy pressure wanes with it. + +The fact that this is all they have left is itself a huge psychological victory for retail. They’re not going for any material victories now, only emotional and psychological victories. Those walls are closing in fast. +I'd be interested to hear what people in their 20's and early 30's position on their pensions is. + +I'm 28 and currently have 35k in my pension. I have just upped my contributions from 5% to 15% and my employer also contributes 6.5%. It is salary sacrifice (I earn mid 50's). + +Some of my family members (parents, aunts etc) are still working full time and don't expect to retire until state pension age because they never saved a lot for retirement and have small pots so will mainly be relying on state pension and know that their retirement will be far from the "dream retirement" they would have liked. + +All I know is that I do not want to be merely surviving in retirement and would like to have a comfortable retirement with holidays etc. + +I keep going online and plugging figures into pension estimate calculators and the different calculators come out with wildly different figures. + +Should I prioritise pension contributions over ISA/investment savings? I have a house, with a mortgage and around 10k in savings. Car on finance, sofa on interest free for 2 years, but no other debt. +Basically I’ve been full time working for about 2 years now and managed to save about £12,000, my girlfriend and I are looking to get a our first house within the next year. Looking at mortgage calculators our budget is around £180,000 in the East Midlands area. My girlfriend had received a large sum of money from her father (~£20k) that she wants to use for a deposit too. + +Should we use as much as we can for a deposit to try and get a lower mortgage rate or stick with 10% and continue investing the left over? + +Edit: thanks for all the people posting creditable advice about my question. Commenting “don’t move in with her” whether to move in together isn’t the question I’m asking so thanks but no thanks. +An interesting article. Someone with a score of 620 got approved. On one hand, this card could give people who are looking to build credit an excellent opportunity to bypass a secured card and get this while still getting rewards with not may other benefits. I also feel as though there are a lot of people, especially younger people, who will get this card primarily as a status symbol because its apple and made of titanium and then get into trouble because they don’t fully understand how credit cards work. I also have read some other posts such as the one in r/apple showing MKBHD’s unboxing and there is a lot of talk of the high interest rate which shouldn’t matter if people pay it off. Just seems to me this card is going to get a lot of people in trouble. + +https://www.cnbc.com/2019/08/09/goldman-sachs-is-dipping-into-subprime-lending-with-apple-card.html +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Inherited around $3m. $500K is in an IRA that will need to be withdrawn over the next 10 years. I met with an Ameriprise planner today and set up an account and paid the initial $2,500 fee. No money has been transferred yet and I’m having second thoughts. + +I am in my early 50’s and have $100K in my company 401K. $10K in an HSA. $100K in a Capital One savings account, $15K in my regular savings account. $10K in ibonds. + +I have a mortgage of $240K with 29 years remaining at an interest rate of 2.99%. Home is appraised at $500K. + +No car payments, or other debt. + +My annual salary is around $100K. + +I really want to make the most of this to be able to possibly retire in the next 10 years. + +Any advice on Ameriprise, or other strategies/plans would be greatly appreciated. Feeling very overwhelmed. Do not want to discuss financial matters with anyone that I know IRL. +http://www.sec.gov/news/pressrelease/2015-49.html#.VRQ2y3W9-EL + +Thoughts on this? Obviously it would be among the riskiest investments out there for the small investor, but what other implications could this have? It seems like it's going to a brave new world for the retail market this summer and fall. +>Adjusted EPS: $1.33 vs. $1.63, according to Thomson Reuters + +>Revenue: $1.13 billion vs. $1.14 billion, according to Thomson Reuters + +>Same-store sales grew 1 percent vs. expected growth of 1.2 percent, according to StreetAccount + +>"Despite several unusual impacts during the quarter, including the impact of hurricanes, we maintained our focus and saw some encouraging signs," said Steve Ells, founder, Chairman and CEO of Chipotle, in a press release. "Our leadership remains focused on setting the foundation for future growth, and we are confident in our teams' ability to deliver against those plans." + +>Chipotle refined its estimate for the year. It is now calling for comparable sales growth of 6.5 percent. Previously, it expected growth in the high single digits. + +[CMG](https://finance.google.com/finance?q=CMG&ei=5KfvWeDWLMLAjAH3oZCIBA) + +[Source](https://finance.yahoo.com/news/chipotle-shares-fall-6-percent-195036193.html) +Hi team, just wondering what's the minimum amount I should be looking at investing for my child, i don't have much and would like to save $20 a fortnight for my child. Is it worth investing once that reaches say $1000 or just keep it in a savings account. +Any advice appreciated. Thanks +I already paid the $150, but the dentist admits that it doesn't fit. I went in for two adjustments but it's too painful to wear. It's probably the fault of the lab that made the mouthguard, or it's that the mold that they took at the dentist's office was off. Any recommendations? The $150 was basically like a co-pay. + +&#x200B; + +edit: WOW I never expected this many people to care about my night guard. Rethinking my interactions with the dentist, I'm actually not sure if she knows that it doesn't fit! It didn't fit the first time I wore it at the office, so I got it adjusted, and then it hurt overnight so she adjusted it again. I then moved back down to my job (because of covid and wfh, I was staying with relatives for a while), so I don't really want a new one as that would involve me driving back to where my family lives. I just want a refund. I don't think she knows that it still doesn't fit, so I'll reach out again. + +And no, we're not besties or anything, but she's been my dentist since I was a teenager. But yes, I will ask for my money back. I'm not sure what to do if they refuse though - I don't really want a new night guard right now, as driving back up would be a pain. I just want the $150. +After 25+ years of acquiring professional (SFRs, Duplexes, Quads, Condos, etc.), Student Rentals, and Commercial properties I need to develop an exit strategy. I will be retiring from my day job in <4 years and would like to liquidate properties down to owning and managing a handful to keep in the game. Any advice on developing a plan? What metric or criteria would you consider in your decision? Did you regret it? What would you do now with the wisdom obtained going through the liquidation? + +Data: +1. My wife and I are in good health with a plan to be active in retirement. +2. Our children have their own careers and are not interested in the business. +3. Most of the properties have small loans or they will be exhausted in <5 years. +4. We plan to stay connected to our remaining properties after liquidating and property management business. Just less often than now. + +Any advice or ideas are welcomed. +i just signed my first pm and he's going to arrange all the small fixes on my property and for 200$ a month seems really worth it. + +&#x200B; + +Just long term after everything is running smoothly im not sure if i will still need a pm. my first plex took about 2 years to get stable tenants, raise rents, and fix everything up to par. now i put maybe an hour a month to manage it. + +Do you just hire a pm to get everything running or do you keep them long term so you can just let your building appreciate? + +Also, curious fee wise what you are paying? % of gross rents? % of the rent for placing a tenant? +Hey everyone, I been saving up for sometime now and I have about $66k to put down on a rental property in Gatlinburg, TN. I know very little about investing in property and want to learn some stuff so any tips will help. + +My concern is should I buy now at these insane prices or wait? I do plan to go in on this with a family member so there will be two of us. + +Any and all information will be beneficial, thanks!! +One of our rental units has been vacant for the past two months and our new property manager requires that we keep the utilities in our name in between tenants. + +There is no central AC in the home, and all major appliances have been unplugged. According to our property manager, the only thing that is on is a small 40w lamp that is being left on to discourage break ins. + +Last month, after receiving this high bill ( around $150 or 800+ kWh) I called the utility company and had them double check the numbers on the meter. + +What should we do? +# Monthly Motivation Thread + +Welcome to this monthly series. This post will repeat monthly, on the 21st of every month. + +This is your opportunity to share your successes, accomplishments, as well as provide us with an update on your goals and strategies as they pertain to Real Estate Investing. + +## Example Questions: + +1. What are you hoping to accomplish this month? +2. What method(s) are you using? +3. Have you closed any interesting deals recently? +4. What mistakes did you make, and what did they teach you? +5. Anything else you learned and would like to share with others? + +Veteran investors feel free to provide useful tips and feedback to other people's goal, as well as some of your recent successes, or failures. +All things being equal, say you are renting out a property, shopping for a mortgage rate or selling a property, how do you let your friends/associates know that they are not your go to for that time ? + +I need words. Its awkward. I now have 4 real-estate agents that all thing they should sell/buy my next property, a few loan officers who think they are on my list (they are but...) and a couple of property managers... its the worst part telling them and I havent done a good job saying no. i dont want to hide anymore! + +Edit: It reads like I talked to all of them for a single deal. Its not so. + +These are people I have worked with in the past and are in my circle of associates and know when I am looking for something and expect to be them. +New investor here. For those of you that used HELOC on your primary home to purchase your first investment property, did you use it to pay your first investment with cash or for a 20% down payment. What strategies did you use to pay off your HELOC? Did you use your leftover cash flow after investment mortgage was paid to put towards HELOC until paid off? Thanks everyone! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +His payments are 200 a month, overall student loans are 63,000. It comes out to him only paying 24,000. He has a 401k not too sure on all the details of it but is enrolled. He has about 2500 credit card debt. Should he pay off his cc debt, keep an emergency fund and then have a 5 year cd. He doesn’t want to spend the money so having it locked up in a cd helps that. Or should he make a dent in the student loans? +Surprised we haven’t seen a comprehensive DD yet on how and why this could be the spark needed to launch GME to the moon. + +I know CS has something to do with GME, like crediting Archaegos to short gme? Something like that… but still am unsure how at all this impacts GME in a positive way for retail investors? + +Or is the sentiment around a market crash that may eventually cause a squeeze of some kind? + + +Context anyone? +Just out of curiosity and since WSB would probably flame the 💩 out of me lol. + +So Friday GME had a gamma squeeze which resulted in all calls being ITM. After markets closed, they added strikes prices beyond $60 all the way to $115. + +As of right now, the stock is bordering around $98. At PM or even when the markets open, are there going to be strikes prices even further OTM than $115 maybe to like $200?? + +Having said this, wouldn’t this result in another gamma squeeze since I know call sellers will have to hedge by buying more shares but it would only drive up share prices which also makes more calls ITM?? + +Like literally this is just a positive feedback loop until someone ends up bagholding at some ridiculous amount, hoping for it to be Melvin though not some poor idiot who yolo’d their life savings/took on debt. +Tricky Tricky. + +Someone fell on a sword today at a Short Hedge Fund. Like Dollar Bill in Billions, someone decided to make a trade that might send themselves to jail today. They bought Puts at 330 and then sold off every bit of 4 million dollars of GME without trying to catch any bids. The longs couldn't scramble fast enough to prop it back up and that same group of trades bought in long. + +That's called Market Manipulation and really the SEC should be gathering up those traders for charges. We will see if that comes about. I mean I've literally lost faith in the SEC and I'm shocked I had faith after watching GME for the last 3 months. + + +I wrote some DD for today + + +[https://www.reddit.com/r/GME/comments/m2s1tz/gme\_0311\_what\_to\_expect\_the\_next\_two\_days/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/m2s1tz/gme_0311_what_to_expect_the_next_two_days/?utm_source=share&utm_medium=web2x&context=3) +when they dropped to the mid 49 per share i dropped about 10k (roughly around when the CEO bought some as well) and then saw the slow rise to about 54, feeling pretty good about myself. + +Then they beat earnings, barely, and i lost it all in 3 minutes haha. Just remember, you are LONG on Intel. What happens today doesnt matter its just numbers. You wont sell and you will hold! + +Sorry, sometimes I myself need a peptalk and hoping that this works for at least one other person. +Its the time of the year when I feel extra sad about being in poverty because I cant afford to get even the simplest of gifts for my boy. But I wanted to share this free “Advent Calendar” that we are trying out. We went to the library and I got him to select a whole bunch of books. We numbered them and each day he gets to pick a number out of a bowl and we read that “new” book for the day. Its not much but it feels nice to start some simple traditions. Some day… it’ll be better :) +I know I’m just crying into the void along with every other novice retail trader but goddamn I just need to vent. Played around with investing in 2020 and made big returns. I had no real idea how fragile my entire approach was until these past three weeks. Moved huge portions of my portfolio from AMZN to ARKK early January. Took out margin equal to 50+% of my NLV to buy the “dip” a few days into this cycle and in hindsight I effectively doubled down on those positions at nearly their ATH. Everybody says it’s a long game, hold it and forget it. And god I’m trying. But now I have to hold margin for all that time? That seems like fixing a terrible move with another terrible move. And ARKK isn’t just tech, it’s one of the riskiest tech ETFs out there. Why did I do that? God I feel stupid. + +This is too much for someone with existing mental health problems. I have an appointment with a financial advisor later today but it’s going to take weeks/months to emotionally recover and a year/years to financially recover, best case scenario. I hate this. + +Edit: I know margin was stupid. I’m not from a background where people talk about investing. I never had a chance to talk to someone about the risks. All I knew was an instant loan with a 2.5% rate. None of you are wrong when you say it was stupid but I promise you I’m already telling myself that every minute. +This post lays out the data and business logic that suggests GME's NFT Marketplace will be far more successful than Opensea. First we will briefly explore Opensea and compare it to what we know about GME's NFT platform. + +# Opensea describes itself as the largest NFT marketplace, where users can trade all types of NFTs (art, music, gaming). + +Opensea started seeing massive success when the NFT market exploded in Feb. 2021. In late November, talks of another round of venture investment and a possible IPO set its valuation at $10 billion, which suggests investors see lots of money to be made in this space. In the past year, Opensea has done about $1 billion in revenue [(Forbes article source for this paragraph).](https://www.forbes.com/sites/jeffkauflin/2021/11/23/what-every-crypto-buyer-should-know-about-opensea-the-king-of-the-nft-market/?sh=52cbf88c2f89%20https://www.forbes.com/sites/jeffkauflin/2021/11/23/what-every-crypto-buyer-should-know-about-opensea-the-king-of-the-nft-market/?sh=52cbf88c2f89) + +[A tweet highlighting OpenSea's Gross Merchandise Volume \(GMV\)](https://preview.redd.it/w6mimjvy3l481.png?width=1326&format=png&auto=webp&s=fa0433149b666e17ce1aae4d214b431e22e9cd6e) + +OpenSea became so successful with only a few million dollars in cash, whereas GameStop still has $1.4B in cash even after recruiting hundreds of tech talent from top companies. + +[Source: https:\/\/twitter.com\/GMEshortsqueeze\/status\/1468727950984032256](https://preview.redd.it/9b4urbd6cl481.png?width=898&format=png&auto=webp&s=046f1709979806853f975df592d16763801b169e) + +&#x200B; + +According to data from Dune Analytics, **Opensea currently has 200,000 active monthly users (photo below), which means each user is being evaluated at $50,000** ($10 billion / 200,000 users = $50,000 per user). + +&#x200B; + +[Source: https:\/\/dune.xyz\/rchen8\/opensea](https://preview.redd.it/mwjlav7r1l481.png?width=919&format=png&auto=webp&s=2a1fe57e6eca697a4e3451b9973788d419885c85) + +Given that SuperStonk has over **700,000 members,** many of which are eager for the NFT Marketplace to launch so they can try it out, plus **GameStop's brand loyalty & their 55 million Power Up Reward members worldwide** (who pay $15-20 each year to be a member), it could be argued that GME's NFT marketplace could easily surpass Opensea's numbers within a few weeks or in an even shorter timespan. + +# But why will GameStop's NFT marketplace be better than Opensea's when Opensea had first-mover advantage? + +Because GameStop has *second-mover advantage* \-- they studied what Opensea did well, where they're lacking, and came up with solutions to solve major problems that current Opensea users face. + +Look at the Tweets from GameStop Director of Product Dami Amabile: + +https://preview.redd.it/zd9dxqvy4l481.png?width=1014&format=png&auto=webp&s=f60866475fa850e0569d8a388722861509f97573 + +Dami lists two problems with Opensea: high gas fees & difficult conversion funnel for setting up a wallet. These two problems result in less people participating in Opensea's marketplace. A third problem that the Forbes article above hinted at is Opensea's Customer Support team is struggling to keep up with the high demand of support requests, so they're currently trying to hire more support staff. + +# GameStop's NFT platform will solve all three of Opensea's problems. + +**Problem 1: High gas fees.** GameStop chose to partner with Loopring, a ZKrollup protocol, because it will eliminate gas fees. Imagine having to pay $100 just to buy a $10 sandwhich. That's what it's like on Opensea right now. GameStop's NFT Marketplace will be 400x less expensive than Opensea because it will have $0 in gas fees according to Loopring Founder Daniel Wang, [who said this during EDCON 2021 in August.](https://medium.loopring.io/counterfactual-wallet-nfts-on-loopring-229d38a3c28a) I'll explain in the comments how Loopring's technology allows for $0 gas fees on layer 2 for those who are curious, but how it works is not important for this post. + +&#x200B; + +https://preview.redd.it/wsvd8fel6l481.png?width=2242&format=png&auto=webp&s=ef5284cf2b7dad53c61f62c001e05040af3443c0 + +In the next paragraph, Daniel Wang says they're working with a "premium owner" to launch a successful marketplace in Q4 and with "a lot of other stuff." This post won't go into all the hints that suggest GameStop is the premium owner since most of us know this already. + +&#x200B; + +[Loopring posted this on LinkedIn on Oct. 28, 2021. Notice this post also mentions Counterfactual Loopring Wallet, which will be discussed later. ](https://preview.redd.it/oey7o01tal481.png?width=1304&format=png&auto=webp&s=25b62e237981716c611d61af0f18ae412dfac192) + +While we're here talking about GameStop's upcoming NFT Marketplace, I just want to say that GameStop has been moving ridiculously fast to be able to transform the company while also stealthily building a completely new revenue generating vertical in the lucrative NFT space. Ex-Chewy data scientist that has worked under Cohen says it best: + +https://preview.redd.it/do8cj4fj7l481.png?width=1480&format=png&auto=webp&s=ae653ef4a933777f73a6aa487f83828e41daf515 + +&#x200B; + +**Problem 2: Setting up the wallet is difficult and expensive on Opensea.** Dami suggested a solution in her tweet: "a more stepped process could help as we cross the chasm on adoption here." In other words, she's saying it needs to be as easy as possible for us smooth brains to get wallets and start trading NFTs. So it can be speculated from her statement that Dami, the director of product of GameStop, has been working on a smoother / stepped wallet set up process. + +In fact, remember when Daniel Wang said "probably in Q4 and with a lot of other stuff?" We now know that "other stuff" is their **counterfactual wallets with fiat on ramping.** Typically wallets are expensive to create and expensive to fund, but a counterfactual wallet with fiat on ramping is essentially a free layer 2 wallet where you can add funds into it using your bank account or debit card to instantly start trading NFTs. It can't be overstated how big this is. Once this is released with GameStop's NFT Marketplace, people will finally be able to start trading in the NFT Marketplace without first paying hundreds of dollars before they even make their first trade. + +&#x200B; + +[On Dec. 9, Bryon, Community Manager at Loopring, let the community know that fiat on ramping is almost ready to go live. ](https://preview.redd.it/n96nzm5v9l481.png?width=904&format=png&auto=webp&s=837b4091e53c7fb9842c2c6e160b4c6841d4eb01) + +It's important to know that Byron said in Discord (I can't find the picture right now, let me know if you find it) that counterfactual wallets with fiat on ramping will launch either simultaneously with the NFT Marketplace or slightly prior to the NFT Marketplace launch. The fact that they're so close to finishing fiat on ramping suggests the NFT Marketplace is coming soon, too. I expect an announcement anytime from Dec. 9 to Dec. 31, which is not a long time to wait in the grand scheme of things. + +**Problem 3: Opensea does not have enough customer support staff to meet support requests.** GameStop solves this problem because they recently hired over 500 support staff for their new US based Customer Care office in Florida. As Matt Furlong told us during earnings, this office is now operational. It's likely that these recently hired support staff will be supporting the NFT marketplace as well, given that we found the domain [support.nft.gamestop.com](https://support.nft.gamestop.com) in Oct 22 which redirects to Zendesk, a customer support software: + +&#x200B; + +[Source: https:\/\/gmedd.com\/blockchain\/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring\/](https://preview.redd.it/ndfc62dabl481.png?width=1522&format=png&auto=webp&s=5cb16a02758bcae166e9e400acc277675e702ac1) + +Ryan Cohen knows that business is all about solving customer problems and delighting them. GME's NFT marketplace will solve all the major problems customers face in the NFT world. Think about it -- if you could choose between a marketplace that charges you hundreds of dollars in gas fees, or a marketplace that charges you $0 in gas fees and is 400x less expensive, which would you choose? You'd choose the cheaper one, so you'd have more money to buy NFTs. Once the customers flock to GME's NFT Marketplace, GameStop stock could be quickly re-evaluated by big money investors, leading to a rise in price that could squeeze the shorts who are foolish enough to continue shorting GME the past year. + +# In summary, GameStop is going to bring the frictionless e-commerce experience we take for granted to the NFT world, so that buying a NFT is as easy as buying a GameStop hoodie. + +GameStop releasing direct registration numbers is a clear hint to shareholders that directly owning shares in your name is the way. I am 100% DRS'd when my remaining shares showed up in CS yesterday. Btw, who here is excited to buy their first NFT from GME's NFT Marketplace? I know I am. +These people amaze me, it's not because we eat crayons that we're fucking stupid. This shit means they are now in panic mode. "Quick quick deploy phase 941 of our plan!". So let me tell you, that means we're doing something right. HODL! + +https://preview.redd.it/sm1u47ns7lv61.png?width=597&format=png&auto=webp&s=5c344b0b0adc13d5115ce4b67dd4739d96e382a2 +Here, hold this for a sec... + +\**passes doobie to the left and licks a box of crayons\** + +&#x200B; + +[don't forget the sparkles](https://preview.redd.it/vx3cbab4zrk71.jpg?width=474&format=pjpg&auto=webp&s=1c272cdb639a45d80ad3482fde7aafa8a5d761fa) + +Hope we're all doing well out there today, wherever and whenever that may be. Figured I'd try to throw something together after some comments on [this thread](https://www.reddit.com/r/Superstonk/comments/peu6ma/attention_apes_dr_trimbath_requires_our/hb21q3m/?context=3) gained some traction yesterday. Seemed like it got buried a bit, and after a couple requests to do a post and maybe turn it into a DD I honestly figured someone else would run with it and I was just stoned flinging shit at a wall anyways. + +But it keeps diggin' at me... + + [u/roverkad28](https://www.reddit.com/user/roverkad28/) has already put together a [solid post](https://www.reddit.com/r/Superstonk/comments/pfa4jx/delisted_stocks_spiking_in_january_with_gme_wut/) (with credit to u/mauerAstronaut )on several delisted companies exhibiting eyebrow-raising behavior, and more eyebrow-raising stuff in the comments from u/I_DO_ANIMAL_THINGS, everyone's favorite Pomeranian, and others. I remember reading a post and commentary awhile back about NWAU, funny how things keep coming back around. Some might say, even, cyclically xD + +A coupe of posts by u/Dismal-Jellyfish, one from about a month ago [here](https://www.reddit.com/r/Superstonk/comments/owp2z0/sec_alert_on_92821_compliance_date_for_the/), and one from about 3 months ago [here](https://www.reddit.com/r/Superstonk/comments/nw6lq4/notice_of_filing_of_a_proposed_rule_change/), touch on the upcoming 9/28 rule 15c2-11 amendments briefly as well, but didn't gain much traction unfortunately. + +\**insert obligatory he was early but not wrong meme here\** + +Soooo a bunch of good work getting done, dat Ape hivemind doe. Now I'll try to coagulate my disconnected comments from yesterday into something a touch more cohesive, while trying to connect some elusive dots. But most likely I'll just end up asking more questions, while running out of crayons and subsequently get lost wandering around looking for an adult. + +&#x200B; + +[where'd that doobie end up?](https://preview.redd.it/6i1g7ylo6sk71.jpg?width=500&format=pjpg&auto=webp&s=045f36d03e0f075f8f446fbb5fd3b1496493ee6e) + +It started off with a quick semi-rhetorical question that I answered myself and was followed then by very quick, very stoned stoned Google search, while reading the post on Dr. Trimbath's question on Twitter, asking about a specific rule for handling broker-dealer access to certain OTC markets. + + + +[my stoned ass cant find the screenshot of the google search, but it was legit just \\"broker dealer trade delisted stock\\" smooth brain go brrrrrr](https://preview.redd.it/rtjhpki4dsk71.png?width=1248&format=png&auto=webp&s=563232d665c29ff302ed77662cf537403bd009bd) + +For now just gonna copy pasta the main comment with the edits, for chronology's sake: + +//Pretty sure i found something related: [https://www.yahoo.com/now/sec-overhauled-rule-determining-companies-125000481.html](https://www.yahoo.com/now/sec-overhauled-rule-determining-companies-125000481.html) + +"The SEC has proposed an “Expert Market” exemption that would permit broker-dealers to electronically quote and trade these stocks, but would limit the distribution of quotes only to qualified experts such as brokers, institutions and those that qualify as accredited investors. This proposal is still pending final approval." + +Form 211 (SEC Rule 15c2-11) + +[https://www.finra.org/filing-reporting/market-transparency-reporting/otcbb/faq#600](https://www.finra.org/filing-reporting/market-transparency-reporting/otcbb/faq#600) + +EDIT #1: also pretty sure another comment i made is related but at the bottom, so adding some of it here + +DGAZF was the triple leveraged gas (wtf) ticker that squeezed from $400 to $24,000 last summer. + +who delisted it? Credit Fucking Suisse... can't make this shit up lolrip. they talk about DGAZF getting "traded like a rare coin" and other wierd stuff + +[https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days](https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days) + +soooo my brain is fairly smooth and fairly baked atm, but spidey senses are tingling and saying they're trying to get SEC Rule 15c2-11 (and anything related) pushed thru in their favor so they can play the "Expert Market" exemption card and gain access to and thus manipulate stocks that get delisted (by them, or their buddies wtf?!) in extreme volatility/squeeze/etc scenarios? + +just flinging shit at a wall here. wrinkly brains, mods, whoever plaz halp im too baked for this + +EDIT #2 just noticed this at the bottom of the article from April..... + +"The updated rule goes into effect on September 28, 2021." + +&#x200B; + +[P.S. Dont forget the sparkles](https://preview.redd.it/7c7vnt1nfsk71.png?width=646&format=png&auto=webp&s=793a59b6cdf3e111e99f45711d2cce55698eedc1) + +EDIT #3 (from a reply i posted below that got swallowed) + +I was so fixated on the adoption date I missed some of the contents of the can of worms right above:"Other Exceptions To The New RuleThe new rule will allow for broker-dealers to “rely on publicly available determinations” from FINRA or other associations, like OTC Markets, when quoting OTC securities. + +“We now get to determine for brokers whether a company has met their obligations under this rule,” said Zinn. “We will publish our determination that a specific company is qualified under 15c2-11,’ and every broker can rely on that.”Gotta love how they sneak it in at the very bottom of an article framed as "protecting the retail investors" /s /ffs + +These shady fucks... + +Gonna start looking for anything I can relating to 15c2-11 I can find, still too baked for this and need an adult. + +EDIT #4 Okie dokies well I found a bunch of stuff including the 296pg .pdf of the 15c2-11 Final Rule that's up for adoption on the 28th: + +[https://www.sec.gov/rules/final/2020/33-10842.pdf](https://www.sec.gov/rules/final/2020/33-10842.pdf) + +Also links for related forms and rules: + +[https://www.finra.org/rules-guidance/rulebooks/finra-rules/6432](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6432) + +[https://www.finra.org/rules-guidance/rulebooks/finra-rules/6530](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6530) + +Since Form 211 is "proprietary" (of fucking course) and they will only release info regarding a particular Form 211 to the company that filled it out (and again offc), heres a related link about Form 211 disclosures: + +[https://www.securitieslawyer101.com/2015/going-public-15c2-11-disclosure-requirements/](https://www.securitieslawyer101.com/2015/going-public-15c2-11-disclosure-requirements/) + +And an overview/summary by some lawfirm that mentions a date of Sept 26th (would be great to get confirmation on date): + +[https://www.wyrick.com/news-insights/sec-adopts-amendments-to-rule-15c2-11-most-provisions-effective-september-26-2021](https://www.wyrick.com/news-insights/sec-adopts-amendments-to-rule-15c2-11-most-provisions-effective-september-26-2021) + +That's all I got for the moment, need to stretch, hydrate, and eat some more crayons. + +*\*passes the doobie to the left and looks around longingly for an adult\*//* + +&#x200B; + +[u\/PescTank following the trail of left by the triple inverse pink sparkly unicorn farts](https://preview.redd.it/enw7r58sfsk71.png?width=676&format=png&auto=webp&s=4b821413f26bf2e07577ae7c750f033ba69d34f1) + +**TL;DR Looks like Dr. T left a tasty bread crumb to follow. Def some shenanigans going down with delisted stocks in the OTC market (e.g Credit Suisse and DGAZF, NWAU, SEARS, etc. MMs and SHFs are attempting to increase their control even further within this context through "Expert Market" Exemptions and other loopholes. It seems that they are using fine print in the body of/amendments to SEC Rule 15c2-11 which is up for adoption 9/28. FINRA rules 6432 and 6350 appear to also be related. MSM is framing the changes as intended to "protect the retail investor." Yay more protection from the global financial cartel, just what the retail investor needs /s. It appears that there is much more to be uncovered here, specifically, which entities and individuals are involved, and how this all connects to, and interacts with, the bigger picture of GME. Or GMERICA, rather, if you're not into the whole brevity thing.** + +&#x200B; + +[it's been a decade since grad school, be gentle](https://preview.redd.it/vg0ngy99jsk71.jpg?width=600&format=pjpg&auto=webp&s=07d94670116f7ceb545555654f06308b6fe68a94) + +&#x200B; + +In conclusion, I'm running out of steam for now, mostly wanted to just get it out there to get more eyes on it, as requested. Any and all feedback much appreciated. I'll try to keep working on it and digging around more, but man I'm exhausted. And out of crayons. Where is that adult... + +P.S. This little monster somehow turned 4 years old already today! <3 + +&#x200B; + +[puppervisor says BUY.HODL.ZEN. not financial advice xD ](https://preview.redd.it/o0t87uk1lsk71.jpg?width=4032&format=pjpg&auto=webp&s=42140ea6cc825489aec46e8003ab53960a716874) + + \**pushes duffelbag of pre-rolled doobies in the general direction of the ape hivemind and calls his mom\** +Hey guys, just a quick post here to let you know that everything is fucked. Thousands of entertainment and art professionals have gone from 100 to 0 in the space of a week. I was making about $9,000 a month, and now I am effectively making $0. + +My work consisted of casual work (that's all gone), self-employed work (that's all gone), and a few contracts, from which I have been applied the 524 of the Fair Work act (stood down without pay). + +I just wanted to come here and just talk this through with a few of you, since I see people saying unemployment will rise. It's already risen. Unemployment will rise MORE if anything. + + +Just to clarify, I am not all weepy shitty, and i am working to figure out ways to weather this situation. I am also one of the lucky ones, as my income is considered high for the industry (I work like a beast though, but I am young so who cares), and I managed to put aside around 7 - 10 months of expenses as safety, and I have this forum to thank for that advice. + +I thought I would be able to weather the falls on the stock market as I was up a 37% at the beginning of Feb. Well, that's all fucked now too - I mean, lol right? + +I never cared too much for super, as I am self-employed and liquidity is quite important. But that's fucked too. + +I am glad there's food in the fridge, my partner is fully employed and quite busy atm processing the shitstorm, and we have family to support us with frozen meals and a roof. + +I am only posting this here to inform the general population of this group that unemployment is effectively already higher. There is no one in the arts, besides administrators, that's currently usefully employed. Opera House is closed, all productions are cancelled. I remember 2008, the thing was more gradual. This has happened within the space of 3 days. The Fair Work act /s is a joke, arts funding in this country is ridiculous, these companies are living month to month, some of them employing hundreds of highly skilled professionals, and the casino is still open. It's not that there's no work out there for us to do. There's plenty of work! We are just not allowed to do it. + + +For an industry that moves billions, I don't see enough support from upper levels of government, if any at all. NZ has announced a package that focuses on maintaining the living conditions of those affected, make rent at least. Here? Pft. Don't know. + + +Quite disappointing as well is the way some of the companies I am working with have handled the situation, with some of them emailing us copy paste emails at 8.20 pm to inform us of the decision of standing us down, others putting public announcements on facebook, and other staying in silence until you actually ask them whether they will continue to pay their casuals. Others, thankfully have shown some bloody leadership and offered to cover payments up to a certain date or to find alternative duties to keep you busy/employed/useful or help transition to the new reality. + +There are thousands of people in facebook groups offering any sort of service to help weather this rout that we actually don't know how long will go for. It's overwhelming. No one is really offering help. I have my savings, and I can't complain that there isn't food in my fridge a roof above my head. But who is taking care of the many more, and I know they are a majority, who can't say the same. + +Damn times to be an artist. I think it's just crazy how fast this has happened. And I am not sure what the lesson to be learnt here is, other than there's only so much we can control, and that much is very little. +I was so lucky to be able to purchase a home last fall (with a 20% down payment!). My boyfriend, of just under a year, is moving in with me this weekend, and I am very excited! But also nervous! +I would like to have a lease of some sort in place, with a written agreement of how we are sharing expenses (50/50 utilities) and how he’s paying rent to me (set monthly amount). Trouble is, finding the right template online is tough! +Do you know of a template that has worked for you? Do you have other tips you can share? + +Much appreciated! +Please apes don't trust these tweets from iHorse (s3) and ortex. They were the ones who said the weekend after January spike that the SI has been lowered. "WEEKEND" u know - like market were closed. and now they're saying setups for a short squeeze imminent. + +Just one tweet that shorts have covered from these morons and paperhanded bitches will get triggered. Please help me spread this. I dont care if you copy or paste or make another post out of this JUST INFORM EVERYONE BEFORE ITS TOO LATE. + +edit: this is gaining traction and I'm doing what I can. If you guys watched Wes AMA, he specifically said short interest reporting is UTTER GARBAGE. haven't read HOC yet - eurpoor just had 4 hrs of sleep. So I don't know where these idiots(s3 and ortex) get their data when finra is UTTER GARBAGE. + +BE VIGILANT APES +Hey reddit + +I am moving to NYC for atleast a year, and was gonna to leave my car (2009 Lexus IS350) here in TX. + +I have a friend interested in leasing my car for a year while I'm gone. I could charge him $**250/mo** ($3000 for the year). + +My car is worth \~**13k** in the current market and in good shape. I have 8k worth of car payments left on it. Is it worth it for me to go through the hassle of officially (transfer title, etc) lending him the car? It seems to me that even if I were to cap his miles at 15k, after depreciation I wouldnt be netting a whole lot from this ordeal. + +I'm leaning towards not doing it but wanted more input. + +Thanks + +**UPDATE**: Thanks for the input everyone. I realize now this was never a good plan. I decided to store it in the garage and sell it later if needed. + +**UPDATE 2**: I'm gonna confirm I won't have use for it in NYC and then just sell it off instead of storing it in the garage. Thanks, everyone +There has been a surge in chains being halted for whatever reason. DDOS, network instability, bug are common explanations given for why the chain was halted. + +If you dig into these incidences, it seems all of them were halted after discussions on discord groups by the validators of the chain and all of them arrived at the conclusion that given the situation its better to halt the chain till the issues are ironed out. + +How can these kind of validators be expected to keep a chain up if governments of the day decide it is required to shut the chain down? They wont, they will fold immediately. The effort required by a government agency to shut these chains down will be minimal. +St. George’s Eco-Mining Corp. (SX on the CSE in Canada; SXOOF on the OTC in the U.S.) + +Industries: Mineral Resource; Lithium Processing & Recycling for Electric Battery Market + +Notable Management: Mark Billings (Chairperson & Board Member); Vilhjalmur Thor Vilhjalmsson (President & C.E.O.); Frank Dumas (C.O.O); Paul Pelosi Jr. (President of St. George’s subsidiary: EVSX Corp). + +**Why so bulllish?** + +Amidst an otherwise terrible 2020, you made some smart moves in the market and you’ve succeeded.  Your best move was getting on the EV (electric vehicle) train in the summer.  You bought some Tesla shares, or maybe another beneficiary like Blink Charging, and you’ve reaped the benefits of those wise decisions.  And you should be proud, as the time of electric vehicles has come.  General Motors just announced plans to go totally electric by 2035.  The clean energy vehicle wave is upon us and you’ve ridden it expertly! + +And that’s why you’re here.  You’re looking for the next link in the chain. And you couldn’t be in a better place.  But before we move to the fascinating story of St. George’s Eco-Mining, let’s quickly go over the macro landscape for clean energy and electric vehicles at present.  I promise I’ll be brief. + +As mentioned, the wave is upon us.  U.S. President Biden’s Clean Energy Plan expects to see investments of over $400 billion over ten years, with a major focus on clean energy vehicles; the plan calls for 500,000 new charging outlets by the end of the decade. Tesla plans to produce 20 million EV annually by 2030.  The wave is here, but as with any great wave, there is an undercurrent to deal with.  By 2025, 250,000 tonnes of discarded battery packs could be sitting in our landfills.  Current batteries are not yet optimized for disassembly, and the more that are disposed of, the greater the pollution and even danger of thermal runaway….which is just a fancy way of saying disposed lithium-ion batteries can overheat and cause fire or even explode in landfills.  Elon Musk himself has stressed the importance of ramping up lithium production, with Tesla embarking on a battery recycle and swap program.  The need for efficient and cost-effective lithium battery recycling has never been greater. + +Ok, as promised, I kept the macro side brief.  Chances are you knew much of it anyway.  Now let’s get to the good part: a story with weaves and turns, plot twists and innuendo, leading to some very powerful conclusions for the discerning reader.  It’s the story of St. George’s Eco-Mining (SX). + +The basics of SX are, well, pretty basic.  It has extensive gold properties in Iceland and a nickel-cobalt-copper property in Quebec, Canada.  Both are solid projects with excellent prospects.  But the real fun, the real MYSTERY, begins with lithium. + +Now I’m not certain what you know of lithium, but it is a highly reactive element that you don’t just dig out of the ground and stick into a battery.  If only it were that simple.  Lithium is present, in small quantities in material such as brine, mineral ore, and clay.  Extracting it is a chemical process, and not necessarily a clean one.  Chemicals can pollute water supply, and the amount of water used in processing one ton of lithium is a staggering 500000 gallons!. To date, lithium is really only successfully extracted in brine and ore, not clay. The average recovery rate of lithium in these processes is only about 30%.  Not particularly efficient. + +Back to St. George’s.  The company is working on a revolutionary technology to extract lithium from clay, with patents pending. They have an existing agreement with Iconic Minerals (ICM on the TSX.V), which gives Iconic the right to use this new technology on its lithium properties in Nevada (remember this location, please).  What are they giving St. George’s for this?  Five million shares of their company, investment in St. George’s (through a private placement) and perpetual royalties. Iconic quite clearly sees the potential in the technology, and how could they not?  St. George’s has reported remarkable early stage results with lithium extraction up to 98% and completed in record time. Yes, 98%.  + +Now go back and read the percentage of regular extraction processes.  I’ll wait. + +Meanwhile, elsewhere in Nevada, Tesla is looking to start its own mining and processing chain.  It recently pulled out of an agreement with a company called cypress Development Corp., a company also working on lithium processing (they are at 85% extraction and use a less clean process than SX).  The folks at Tesla may indeed be looking to develop their own tech, but they also appear to be searching for technology to acquire…. + +Now let’s move this along quicker.  One piece to the puzzle you haven’t read yet may be the biggest piece of all, a St. George’s partnership with Altair International to produce CLEAN ENERGY RECYCLING PROCESSES for lithium ion batteries.  It’s a revolutionary project, as it reuses every last piece of these old EV batteries.  Absolutely nothing is wasted.  Zero. It’s revolutionary and the potential is boundless.  How much did Altair pay St. George’s to get in on this partnership?  Altair, with its $100 million-plus market cap, paid six million shares and $300,000 cash, and both companies are already hard at work at their pilot plant in Quebec. (It's a world class facility with ties to the Provincial Government, in case you were wondering) + +OK, now it gets even more interesting.  St. George’s started a subsidiary company specifically for their clean energy projects, named EVSX.  The first hire they made, as Director and President, was Mr. Paul Pelosi. + +Sorry, you need to stop reading again.  + +Back up to that previous line and read the last name again, please. Yes, THAT Pelosi.  The son of U.S. Congresswoman and Speaker of The House, Nancy Pelosi.  But Paul Jr. has a heavyweight resume of his own.  Aming a very long list of accomplishments, he was the President of the Environmental Commission in San Francisco, an organization that develops policy in a host of environmental programs, including energy efficiency and…….recycling.  He was known for corporate governance practices that helped new technology advance while supporting stakeholders. Hmmmm, sounds like he may know a thing or two about cutting-edge clean energy technology.  And he might have a friend or two in Washington.  Just a hunch.  A St. George’s press release stated that EVSX (and therefore Mr. Pelosi) is …”dedicated to electric vehicle battery technology and future partnerships in the development of lithium mineral resources.” + +And he didn’t just walk in and collect a fat director’s cheque.  He immediately participated in a private placement with $200,000 of his own money.  Trust me, this isn’t common practice. + +Pelosi Jr. also happens to be an advisor to the American Battery Metals Corporation (ABML in the U.S.).  ABML is also working on its own battery recycling process.  It has approximately a $1.35 billion market cap and has seen its stock run from 24 cents (USD) in December to over $4.00 in late January.  It has been given a 4.5 million dollar grant from the US Department of Energy's Advanced Manufacturing Office.  Now I wonder if any of their advisors may have been instrumental in getting them that much-needed exposure? + +The plot thickens.  ABML Founder, Mr. Craig Alford, is the CEO of Barrel Energy (BRLL).  Mr. Alford is currently speaking with both Altair International AND our heroes at St. George’s in order to acquire location sites for future recycling plants in Nevada! + +&#x200B; + +**They also have assets in other promising companies :** + +Status of Other Holdings (As per January 31, 2020 under Mark-to-Market Method) **ZeU Crypto Network Inc.** (CSE: ZEU) 8,750,175 Common Shares (Escrow left 35 months) $0.37 $3,237,565 **BWA Group PLC** (LONDON NEX: BWAP) 60,000,000 Common Shares £0.003 ( £180,000) CAD $310,910 Loan Notes £2,150,000 CAD $3,713,695 **Iconic Minerals ltd.** (TSX-V: ICM) 2,000,000 Common Shares (Restricted) $0.04 $80,000 **Metalyfe** (SAFT) 5,000,000 SAFT (Tokens) estimated USD $0.10 CAD $664,120 **Three D Capital Inc.** (CSE: IDK) 5,000,000 Common Shares $0.025 $125,000 Total Value of + +**Other Holdings at January 31, 2020 $8,131,29** + +&#x200B; + +**Most recent NEWS : DA with ALTAIR** + +[https://webfiles.thecse.com/SX\_Press\_Release\_-\_February\_12\_2021\_-\_St-Georges\_Inks\_Definitive\_Agreement\_with\_Altair.pdf?nJlm.rr9M.k2WaVSfVcsA3f99roGvDmG](https://webfiles.thecse.com/SX_Press_Release_-_February_12_2021_-_St-Georges_Inks_Definitive_Agreement_with_Altair.pdf?nJlm.rr9M.k2WaVSfVcsA3f99roGvDmG) + +So we have finally reached the connect the dots portion of the program.  Let’s make a list, shall we? + +1-SX develops a potentially revolutionary lithium extraction process. + +2-ICM quickly partners with them and brings the technology to Nevada. + +3-SX and Altair develop a potentially revolutionary lithium recycling process. Altair quickly pays for the opportunity to partner with SX and they go off to Quebec to develop the tech. + +4-SX opens a subsidiary and hires Paul Pelosi Jr. as President of it. + +5-Mr. Pelosi Jr. is a heavyweight in the industry with his own and familial connections at various levels of government. + +6-Mr. Pelosi Jr. advises at ABML, which won a government grant and has risen over 15-fold in under two months + +7-The founder of ABML, now CEO of Barrel Energy, opens talks to find space for SX and Altair to cost-effectively bring their revolutionary recycling process to Nevada. + +8-Oh, and Tesla is in Nevada too. + +Apologies for the length of this one, but I never could resist a good story. + +Epilogue + +The EV market is essentially a tide that may “raise all boats” in the space, so if you’ve thrown a dart at the renewable energy space, you’ve likely hit the target with some good profits.  But now, we all need to discern who the real winners are going to be.  Sheldon Inwentash, legendary Canadian investor, and his investment arm, IDK, don’t throw darts.  They make strategic investments in companies with game-changing technology.  They’ve invested in St. George’s.  So have large, managed funds.  Funds almost never invest in companies with stock prices under a dollar.    + +Oh, and one more thing. Do you like block chain and cryptocurrency?  SX owns a 30% share in ZEU Technologies, a company specializing in blockchain solutions for crypto currency networks.  It’s stock has more than tripled since mid December. + +**ORIGINAL** **DD CREDIT GOES TO MR DOTTO, you can follow him on twitter** : [https://twitter.com/MrDotto5](https://twitter.com/MrDotto5) + +My twitter in case you're interested in swing/ value plays : u/Fred_Le_Fou9 + +GLTA on Friday. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +So I have two really great offers on the table at the moment. One is in a small (<50 ) equity trading company to be a trainee trader. The job promises fabulous riches, albeit in exchange for a 7am till 9pm working day. + +The second is a graduate strategic management scheme at a very large multinational. + +I'm leaning towards the trader route because of the money and the challenge (their training scheme has a <50% survival rate) but I know myself that I'm not a career man. Whatever job I take I'll be leaving within 5 years to do something else. + +Question is will being a trader for five years leave me only able to be a trader. Obviously with solid strategic management experience you can go almost anywhere in business. + +Are the skills from trading transferable. What are job prospects like for guys who've left trading. What do they go into. +7days plus 4days and then 1days from now, at 2:22 on 2/22/2022, the savior of the greatest stonk to ever stonk will come forth with the memest and final tweet totalling 69. In that moment, history will be made, the ape thesis will be cemented for all of eternity, it shall forever be known as the 2sday morning of all 2sdays. The rocket will be launched and apes round the world will be on their way to assembling the greatest wealth transfer from those that had, to those that needed. The destination for which they travel will be the new International Nation of GMErica. A place where transactions are decentralized, nfts and digital coinage will replace in game, as well as fiat, currencies and financial records will be free of manipulation and financial institutional greed and fuckery. The blockchain and world as we know it will be rebuilt...Brick by Brick. +#Details + +Token name: RBIF + +ETH Contract: 0x7b32e70e8d73ac87c1b342e063528b2930b15ceb + +Tokensniffer score: [100/100](https://tokensniffer.com/token/3qj330lf3naodqxav2q09bvqbg6j05ps3npaixk01n8vjnih0xjg614gbdaj?r=6023) + +Bitmart listing: 23 Feb 2022, currently can buy/sell on uniswap. + +Holders: 2615. Holders growing at a rate ~+100 per day + +#Links + +Etherscan: https://etherscan.io/token/0x7b32e70e8d73ac87c1b342e063528b2930b15ceb + +Whitepaper: https://roboinu.io/white-paper/ + +Reddit community: r/roboinu + +Telegram: https://t.me/robo_inu + +Twitter: https://twitter.com/RoboInuFinance + +Podcast: https://open.spotify.com/episode/47Aji4WWXBGB48fghCSUZH?si=vvD-nsRmThivecHPS3JqPg + + +#$RBIF Metrics snapshot + +METRIC VALUE + +Daily Volume ETH 1.4542255970105156 + +Daily Volume Token 5,886,641,295,846.639 + +Daily Volume USD 3,756.425548310859 + +Price USD $ 0.000000000646244 + +#Team +Communicative team with regular video updates with the community and active on Reddit, telegram. Leadership has prior experience with Saitama project. + +#Community +The community as judged by the recent subreddit and telegram activity is strong, growing, involved in marketing, involved in decisions and positive. + +#TOKENOMICS +Reflections (will end once listed on major exchange) + +Total supply: 100,000,000,000,000,000 + +Initial burn at launch: 40% + +Buying Tax : 4% + +1% Goes to rewards for holders. + +3% Goes to marketing. + +Selling/Transferring Tax : 10% + +3% Goes to rewards for holders. + +7% Goes to marketing + +#Critique + +Technology and coin function isn't very different from some other projects, unclear how the coin can complete with major coins that attempt to solve transaction problems. + +Dog logo could be associated with low quality "shitcoins", the team are considering rebranding. + +Strong space project associate could be viewed as trying to cash in on Elon Musk related hype + +Very new project only a couple months from launch, still in initial phase. + +Seems like there are currently only 3 people involved in project so a relatively small team. + +Some project goals very ambitious or vague such as  "solid partnership," "major partnership," and "real world events". + +The project could depend heavily on the function of their wallet. This could be a downfall if they have design/bugs/performance issues or the wallet project is significantly delayed. + +Project is relying heavily on community growth and support with official promotion drives giving rewards to passionate shillers. + +Reflections will end when listed on major exchanges and unavailable on exchanges such as Bitmart until coins are sent to a private wallet. + +There are some wallet holders that hold a substantial amount 🐳 and have significant effects on the price when buying and selling. This is pretty normal for a project at this stage. The reflections/taxes are designed to curb this activity and the effects should reduce as the number of holders increase. + + +#Project Goals + +##RoboWallet: + +☑️Personal wallet + + ☑️Ability to store $RBIF💎 and all types of crypto asset + +☑️Ability to bridge different cross-chain networks + +☑️Lowest transaction fess + + ☑️Manage/Track Cryptocurrency/Fiat Expenses + +✅ +##RoboLaunchpad - an incubator for potential projects with real user cases. There is a guarantee that no scam projects will be released on the Robolaunchpad. + + ✅##RoboNFTMarketplace - a high-valued digital asset exchange which has daily auctions (NFT products) integrated with #RoboWallet where you can own digital asset value with just a click of a mouse. It was built with the ability to hold the collectibles. + +✅##RoboVentures - is to help holders earn money while holding $RBIF token. ROBO VENTURES strives to invest into Spacex and TSLA projects + +#How to buy +How to buy guide: ➡️ Metamask wallet: https://www.youtube.com/watch?v=w5bnd0Htc4M ➡️ Coinbase Wallet: https://www.youtube.com/watch?v=92f3OphhMvM + +From 23 Feb you will be able to purchase directly on Bitmart. +I’m turning 30 in less than 2 months, and my life has fell apart in less than a year. i’m like 70k in debt including student loans. I’m about to ge forced to pay them back since i haven’t been on school a year. + +it started with me taking a leave of absence after i had some crazy things happen to me, now i make around 40k a year but i owe 20k in credit cards , still owe 18k on my car and 18k in loans. + +i’m overwhelmed and don’t know where to start. i gave up my apartment and now things are worse . my minimums were almost 1k a month for the credit cards alone. i do not own any property or anything i just messed up and don’t know what to do cause i’m drowning in debt & living with family to save money but would eventually like to get my own place but can’t even afford an apartment with a roommate right now. + +im tempted to do one of those debt payoff companies (national debt relief) has called me quite a few times. +It does not have the *full faith and credit* of any government because it does not need to. Faith in a counterparty is not needed. + +May we continue to grow this faithless currency beyond the $12 B market cap it currently holds. +I am getting widely different stories from different people. On the one hand, we have those who say no one beats the market, just invest in low-fee funds, all the financial economic research PROVES this. Then we have people who are actively investing or even day trading, and who swear they make money enough to live. Something is amiss here. + +The "be passive" school has data on their side. Yet, I'm sure the entire /r/bitcoinmarket and /r/forex and /r/daytrading subreddit isn't starving and living in their parents basement. They post charts - over multiple years - of their positive gains, so seems like you can make money actively investing. The passive side makes active investing seem riskier than being a full-time poker player. So what gives here? +Don't put yourself in a situation where you're upside down on a car loan! Ever! It seems like almost everyone that's in a tight situation has a car with too high of a payment that they can't get out of. Quit doing this! If you can't put enough down, with a short enough term, to stay ahead of the depreciation, you can't afford the car. Don't buy it. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +It is beyond dispute that with more savings comes a confidence and an increasing ability to put people in their place. I would love to hear about those instances at the workplace which you could afford to do because you had some cushion to fall back on if need be. +After months of struggling during the pandemic, all my bills are finally paid up a month in advance, all credit cards are paid off and I was finally able to buy my kids winter coats for this year. It’s not much but it means a lot to me. Nothing like a little breathing room. +Hi all, + +What are the best villages/towns/cities to live in for a decent work-life balance from your personal experience? + +I hated living in London even though supposedly the job market is good. +[Alphabet (GOOGL) Could Spin-Off Waymo, Creating a $70B Competitor to Tesla (TSLA) - Morgan Stanley](https://www.streetinsider.com/Analyst+Comments/Alphabet+%28GOOGL%29+Could+Spin-Off+Waymo%2C+Creating+a+%2470B+Competitor+to+Tesla+%28TSLA%29+-+Morgan+Stanley/12935358.html) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +My employer who is a family member hasn’t paid my tax yet I’m wondering if I can claim it? I only started working late last year and I’m under the tax free threshold. + +Also would it effect my employer in regards to paying my tax late if I claim it? +**Debts**: $40k HECS. **Assets**: 28k savings. **Income**: part-time atm, 70k gov job in 2021. + +*** +I feel physically ill when I need to spend money on major purchases (tech, car). I only just accessed Youth Allowance and am ripping myself for not starting 3 years ago. I think of the money I squandered on food, entertainment, and drinks during uni (~5k) - minor self harming tendencies. + +The anxiety amped up ~3 months ago. I think it was triggered by all the money talk due to COVID-19. + +I'm fully aware that I am in a relatively stable financial state. Also my parents are always offering their support. But I'm just feeling so anxious. I have no idea why. Unfortunately my therapist is stuck overseas atm. + +Appreciate all advice in advance. Thanks. + +**Edit 1**: Thanks for your kind words all. I realise my general anxiety has spiked and it's affecting every dimension of my life - finance, romance, family, and work. My therapist has kindly scheduled an informal phone call so we can discuss healthy coping mechanisms. +Hi Everyone, + +I am currently a department/programs manager at a relatively large non\-profit organization. As part of my day\-to\-day, I perform a handful of HR related tasks \(recruiting/interviewing/hiring/training, performance assessment/corrective action/termination, employee relations etc.\), and I realize that this aspect is what I enjoy the most about my job. As such, I was looking to make a career switch into a more HR focused position. + +I found an HR Coordinator position for a smaller, private university in a large city. Most of the job responsibilities listed on the description are tasks I already oversee as a manager, or tasks that I am confident I can pick up on fairly quickly. This seems like a great opportunity to get my foot in the door, and also seems like a position that I would enjoy in general. + +The only concern is, in the job description is states "Send resume and cover letter, including salary expectations". I'm really not sure what the right move would be as I've never been asked to include my salary expectations in the opening email... Google \(glassdoor, indeed, etc.\) indicates that the "average" HR Coordinator salary in my city can be anywhere from \~41k to \~48k. + +I currently make \~50k at my current position. I am willing to take a paycut, but if possible I'd rather not go down too much. I also saw a review on Glassdoor from a former HR Coordinator of this company, reporting that this was a great work environment, but that the pay was on the lower side... + +I know I shouldn't be thinking too far into it, since I don't even have an interview. I'm OK taking a slight paycut to get my foot in the door, but I also don't want to be in a position where they won't even consider me for the position because I try to high ball them when other candidates with as much relevant experience as I will do the job for less. + +I really would appreciate any guidance on what to put in my email/cover letter regarding the "salary expectations" portion of the query. I was thinking something like \- "Given the combination of my experience and the general average of the HR Coordinator salary, my initial expectations would be in the range of \~45k \- $50k. I am flexible and happy to negotiate this range, upon considering the average HR Coordinator salary at your company as well as the specifics of included employee benefits." +Hello - after expenses, maxing out our 401k, and a few extra % of paycheck to an ESPP and the company sponsored Roth we have about $1000 left. We already have a decent cash emergency fund. + +We didn’t really know what to do with it, so we’ve been putting it towards the mortgage (29 years left, 295k original) - this would pay it off in 12 years instead of 18. + +My question is - should that $1000 still go towards paying off the house or should we have it in some sort of investments outside of my company sponsored stuff? + +US based. +NOTE: Automoderator is being a jerk and so I am manually approving Econofact's answers. - JH + + +**AMA: TODAY! Wednesday April 25th, 3\-5 PM** + +Michael Klein, u/MKleinEF, and the Econofact team will join us from 3\-5 pm on Wednesday the 25th of April to engage with this community. Let's make this AMA awesome. + +***What is EconoFact?*** + +EconoFact bridges the academic/policy divide by publishing short memos by economic professors on policy\-relevant issues including international trade, immigration, social safety net policies, labor markets, tax policy, financial markets, and a wide range of other topics. We launched EconoFact in late January 2017 with 6 memos and 20 economists and today, after 14 months, we have published over 100 memos and have 70 economists in our network. You can see the EconoFact website [here](http://www.econofact.org). The landing page presents a short version of memos, and you can see the full memo by clicking on the title or the “Read More” button. You can also search for memos by topics by clicking on the “Topics” button on the top of the landing page. + +We'd love to chat today about the goal of Econofact, pieces that we have done, the impact we have had, what the role of fact\-checkers is in economics, policy, and politics, and love to hear your questions on topics you'd like us to address today or in the future, what misconceptions about economics we have encountered, what you think we should shoot for doing in 2018, and anything else related to facts regarding economics. + +*Here are some links* + +* For an introduction to [EconoFact](https://www.youtube.com/watch?v=bo3Eyl3x3CM&feature=youtu.be), see this short \(four minute\) video with James Stavridis, Dean of the Fletcher School at Tufts University. +* Michael Klein had a longer [discussion](https://hkspolicycast.org/econofact-da129ca75fc0)\(about 24 minutes\) about EconoFact in an interview for Harvard’s Kennedy School’s Policy Cast podcast +* You can find us on: + +* Twitter : [@EconofactOrg](https://twitter.com/econofactorg?lang=en) +* Facebook : [@Econofact](https://www.facebook.com/econofact/) + + + +Are you interested in helping out with EconoFact? We are looking for people who can help generate graphs and figures, people who can track our impact in social media, and people who can help edit our memos. You can contact us at contact@econofact.org. + + +Hi there, + +I was browsing through political-ish subreddits, came across this little gem of rational discussion, and did a double take. It's not often that you see people talking about any issues that are at all related to politics without it devolving into petty bickering and personal attacks. + +Well, that dedication to logic and data is the community that we are trying to build at [r/NeutralPolitics](http://www.reddit.com/r/NeutralPolitics). We're not necessarily a subreddit for the politically neutral (I'm not sure if those people exist), but rather a neutral *space* where information is valued over emotional rhetoric, disagreement is resolved through respectful debate, and all arguments are watched closely for logical fallacies. Essentially, we are trying to apply empirical methodology to the development of political opinion. So far it seems to be going well, and we would really appreciate having your knowledge of economics to help inform the discussion (in fact, someone [just made a post](http://www.reddit.com/r/NeutralPolitics/comments/ptw20/does_keynesian_stimulus_actually_work/) asking for peer-reviewed material analyzing the validity of Keynesian pump priming). + +Whether or not you join, thank you for your dedication to solid research and scientific discussion, and I'll at least be seeing you on here! So much to information, so little time. + +Cheers! +I'm *really* not sure if this is the right sub or not (and, if not, please recommend a more appropriate sub). + +It seems everywhere I look, everyone says whole life is a scam. My parents have been making payments for me for the past 4+ years (believe me, I did NOT ask for this; they just went ahead and did it). Now that I've got my feet on the ground financially, they want me to take over the payments. I would really appreciate any advice on what to do next and what to say to them, because I'm really at a loss of what to say at this point. Thanks!! +Anyone else feel this way? It's almost that nothing is ever good enough and no amount is ever safe enough. I always have that feeling of dread that I'll ever go back to the way I grew up. I know I won't but it's still there + +I loaned a sibling money today. I do it a couple times per year and he always pays me back with a small amount of interest. It was only $5,000. But it drained part of my emergency cash fund (about 10% of my cash in my safe) and it gnawed at me all day. + +Also, any time I have a big bill due it bothers me the same way. + +It's so frustrating but I do think it helps drive me to keep saving. + +My wife does not understand me at all on this subject. I worry about retirement every single day. She lives free of any concerns and probably doesn't think about it more than a couple times a year. And that's usually when I bring it up + +I'm really not convinced this is a bad thing for me to have these fears but it would be nice someday to not have anxiety. I just don't think there's any number that I would not be this way. If I were a billionaire I would probably still stress out over spending $1,000 want something +As somebody actually living the fatfire path, the number of inane aspirational or just plain irrelevant posts has exploded and the community is not policing itself well. + +* This isn’t the sub for how to start making money + +* This isn’t the sub for cargo culting bullshit lifestyle polls like “what is the best time to wake up for fatfire?” + +* This isn’t the sub to gloat about the FAANG money you just started making after your B.S. + +* This isn’t the sub to figure out what your budget should look like + + +I am appealing to the mods to think hard how to control this issue + +**Edit: I think this topic has run its course. Message has been received. Mods feel free to lock/delete if you feel there’s too much bad mojo** +Money doesn't just grow on ~~trees~~ blockchains, not even *magic internet money*. And yet some defi applications are offering astronomical rates. For this post, I'll break down three common types of protocols and answer the following questions: *where's the money from? Is it sustainable? And what's the catch?* + +# Lending and Borrowing + +Examples; Aave, Anchor, Geist, Solend + +Typical rates: Less than 10% net + +**Where's the money from?** Similar to a bank, users deposit money into the protocol, which is then used by borrowers. To borrow money, users have to pay an interest rate and also deposit collateral into the protocol. The main source of revenue is sourced from the interest borrowers have to pay. Some protocols also stake the collateral that users deposit and earn extra income from that. + +**Is it sustainable?** Most lending rates aren't actually that high (2% to 20%) since they are usually balanced out by the borrowing rates at an equivalent rate. So the main question here is, *why are people lending/borrowing?* + +Beyond earning deposit fees, people lend because the majority of defi requires users to hold assets that they would otherwise not want to hold. If a user wanted to use defi while holding the assets that they prefer to hold like BTC and ETH, they would deposit their assets as collateral and borrow against it. + +People borrow because they can earn a yield higher than the rate they're paying to borrow. You could for example, borrow a stablecoin at a 10% borrow rate and then deposit the borrowed funds into a stablecoin liquidity pool that earns you 20%. You keep the extra 10%. + +**What's the catch?** If you're not borrowing, the rates are oftentimes very low and you're likely better off staking an asset than lending or even using Cefi. For example, the largest lending/borrowing dapps are Aave, Compound, or Cream and they only offer **<3%** for ETH whereas ETH Cefi rates are **\~6%**. + +If you are borrowing, there's no bank to hold your hand and no bailouts. If your collateral falls below a certain amount, the protocols deems you ineligible to pay off your loan and you get liquidated. This can happen if the market falls and you're not watching your funds. However, there are protocols that now allow for liquidity-free lending/borrow. + +# Liquidity Pools (LPs) + +Examples: Uniswap, Curve, Serum, Raydium, TraderJoe, SpookySwap, Quickswap + +Typical rates: 20% to 40% net (for stablecoins, BTC, and ETH) + +**Where's the money from?** When you use decentralize exchanges (dexes), there are liquidity provider fees that typically charge 0.25% of trades. The trading fee is the main source of income for LPs. + +**Is it sustainable?** At its current state, most LPs are not sustainable. While the demand for LPs like ETH-DAI is pretty straightforward, demand for LPs with, sometimes obscure, protocol or farm tokens are not as clear. Oftentimes, they rely on circular dependencies, ie *finance for the sake of finance.* + +As an example, let's take a look at how degen yield farming typically happens: + +1. Protocols offer a 1,000% rate for FARM-DAI LP providers +2. Higher rates mean higher inflation, which means the value of the FARM token tend to decrease +3. But the high rate creates demand for the FARM token as users have to buy FARM to join the LP +4. The high demand pumps the price of the FARM token and offsets the high inflation +5. But as the LP participants grow, the rates decrease +6. Lower rates cause lower demand, which means prices are no longer getting pumped +7. At some point, the farm reaches a stage where both prices and rates are going down +8. And when that happens, degens who are merely looking for quick money, tend to leave +9. More and more people leaving and selling the token causes the price to drop + +For most farms, specifically "degen farms", prices spike early making the LP seem more profitable than it actually is and then high inflation does its thing to prices slowly but surely fall. Most users enter and leave farms within 3 days to capture the parabolic price action and high rewards. + +Protocols can avoid this by providing a legitimate use case for the FARM token beyond just earning a high yield. For pure LP protocols, the use cases are typically governance, which is not very appealing for retail who couldn't care any less about how some protocols are governed. + +**What's the catch?** Even if the LP rates are very high, a drastic enough drop in price can offset the gains earned from the reward rate. This is especially true for users who were late and were not able to accumulate the rewards. This is why it's often recommended to look into the price action and avoid making decisions based off of rates alone. + +LPs, specifically low liquidity ones, are also especially vulnerable to whales who can often cause spikes–both in the upside, when buying, and the downside, when selling. And large spikes can cause a domino effect of mass selling and whoever is left holding the bag gets rekt. + +Beyond this, impermanent loss (IP) is the most obvious catch. Participating in LPs typically requires you to split your assets meaning you may be exposed to undesired price action. But there are several ways to avoid or mitigate IP such as participating in stablecoin LPs or LPs with relatively low volatility, ie BTC or ETH. In addition, there's a lot of work going into new protocols to limit the impact of impermanent loss. + +# Reserve Currencies + +Examples: Olympus DAO, Wonderland, KlimaDAO + +Typical rates: 6,000% to 8,000% (current) + +**Where's the money from?** Reserve currencies are brought at a premium that's worth several magnitudes (8-10x) more than the intrinsic value of the token. New tokens are minted at an extremely high rate and then distributed as a reward to stakers. A combination of selling at a high premium and minting at a high rate leads to the high APYs. + +But, similar to how LPs work, high distribution –> high inflation –> lower prices. At the same time, high rates –> high participation –> lower rates. The expectation is for both rewards to slowly decrease to a target rate of 1,000%. The goal is to accumulate long-term participants because long time horizons would ensure that staking rewards eventually offsets price action. + +**Is it sustainable?** Under the hood, the economics are designed similar to LPs. But LPs are often subject to the notion of *finance for the sake of finance* because the only product is often the high yields offered. Reserve currencies have a secondary revenue generating product: bonds, which are means for protocols to accumulate their own liquidity. So the question to be asked here is *why is there a demand for bonds?* + +Bonds allow for protocol-owned liquidity, seeking to address the aforementioned issues that often make LPs unsustainable. Instead of protocols renting liquidity to mercenary users who come and go looking for the highest yields, bonding allows protocols to own their own liquidity and provide a sense of stability. This reduces the need for protocols to constantly offer unsustainably high rates in order to incentivize users to participate in their LP. In addition, it allows protocols to earn their own LP fees, which can give them another source of revenue. + +**What's the catch?** LP protocols actually incur some costs in exchange for partnering with the bonding program of a reserve currency protocol. And while reserve protocols offer users with more incentives to become long-term participants, they can still always exit and sell the LPs. This may the case during volatile swings. + +On the user end, buying bonds usually isn't worth it primarily because reserve protocols typically requires users to wait a certain interval (3-7 days, etc.) while holding the LPs. This presents some risks because the LPs can drop in value and, thus, offset the discounts. Additionally, if users buy the reserve currency token directly, they can immediately maximize the staking yields, which are also often higher than the discounts. + +Overall, the long-term utility of the reserve protocol hinges on the demand for bonds. Most reserve currencies are still very new so only time will tell moving forward. Beyond questioning the bonds, reserve currencies are still vulnerable to bank runs, however these risks are designed to be mitigated with how the protocol works. + +&#x200B; + +I know this was a long post so kudos to anyone who managed to read all throughout. These are not the only types of protocols available in defi, there are tons more that are either stark variations or completely unique. I hope you all learned something! +Hey All, + +I posted her a while back on my [$250K Problem](https://www.reddit.com/r/financialindependence/comments/9c58o2/250k_problem/), in which I am holding way too much cash at the moment. + +For the lazy, I am a divorced 37 Year old single male with 1 child, living in a HCOL area. 6 Years ago I had a -40K net worth after a tough divorce, and I was out of work. I am in software sales, and fortunately since then I had a good couple of years, where I was able to learn to earn and save and to get where I am today. I currently have fluctuating net worth of between 440-460K, depending on the market. + +I have saved every penny I could, rented out my apartment on Airbnb during business trips, flipped goods on ebay, lived a very minimalist life, with the plan of retiring at the age of 45, with a million in the bank. I cant stress enough that the lessons that I learned while broke have taught me financial discipline. + +My current assets look like: + +IRA: [60K (Vanguard diversified ETFS)](https://imgur.com/a/xqcoRto) + +529: 10K (age based plan) + +401K: 128K (Max contributions, 3% match, 2045 Target Retirement Mix Fund) + +Play Investments: SPY 12K, FB 1K, CAD 3K, XOM 1K + +Bank: 14K + +Money Market: 211K + +I wanted to share my plan with you, and get your general feedback on how to achieve my goals, and if these are attainable, based on my modeling: + +1. I currently (and continue) to save at least 54K per year, but plan on 58K + +* 6K IRA +* 18K 401K +* 30K annually to Vanguard (currently hitting money market) + +1. Given my calculations, I feel that it will be possible to hit 1MM as long as I can secure 4% YoY growth. + +Does anyone think Im crazy? Any way to put my money to work with minimal risk to hit that 4% YoY growth? + +&#x200B; + +Thanks for all of your support + +&#x200B; + +[https://imgur.com/9ufpLeT](https://imgur.com/9ufpLeT) + +&#x200B; + +[Edit: I have a plan for the cash that I have been looking at. It is probably over diversified, but any feedback would be helpful. You can see my possible breakdown here: Imgur is down, will edit in a few](https://imgur.com/9YmCWSR) + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I'm in an okay but not amazing financial situation, trying to figure out investing/retirement etc. I feel like it's impossible to plan properly for how much I might need, because I want to have the option to give my child a college education, startup funds for a business, a house, car, whatever she might need. Where I'm at now, saving up, say, $100k is a hugely daunting task. It's doable, but every $100k that I want in 10 years will obviously impact my present lifestyle. + +At the same time I have a boomer parent who lives in a million dollar house. You know the story, the middle class worker who bought a house with their first job at $20k, then sold it for $40k, etc etc until today. + +So there's a realistic chance that one day I'm going to receive a nice chunk of a few 100k. But I feel there's an equally realistic chance that I won't get anything (there are other kids, for all I know there may be gambling debts, they may just leave it all to church, I dunno). We don't talk about our finances so this is impossible for me to predict. It's an awkward conversation. I don't even like to talk about it here because it feels morbid as shit, but it's bouncing around in my head so I'm hoping anonymously I might get a tip or two on how to deal with it. + +I hate the idea of asking anyone else for handouts, I've always supported myself and my family on my own. But if a half million fell into my lap it would be incredible for my stress levels and feeling of financial security. I wish there was some way I could know, without having to ask. More than anything it's just the uncertainty that stresses me out. +Underlying rate increased to 0.9% with the bonus rate still 0.1%. + +Just logged in and saw it but has updated on their website here as well https://www.marcus.co.uk/uk/en/savings/online-savings-account +I created this [spreadsheet](https://docs.google.com/spreadsheets/d/1FU9z1mZdeOH5rEvvhJhwkcODC9XNAqTYKw4Kfy3KPUw/edit?usp=sharing) a few months ago. I got the data about price-to-rent yields from zillow and got the vacancy rates for different counties from the american community survey. There seems to be a lot of places with insanely high rental yields. Is something wrong with the data or is there a really big cost am not counting for? I'm only accounting for vacancy rate, at the moment. Another thing I found was that states with more millionaires had lower real estate yields. + +&#x200B; + +I also created a simple machine learning model that can to some extent predict future county-wide prices. I'm thinking I could make really good predictions if I made a really advance model. + +&#x200B; + +Is there something I am missing? +I am a little unclear about how it works. Some seem to sell somewhat traditionally through realtors. Some get auctioned on the courthouse steps, some get auctioned online. What is pre foreclosure ? + +Can anyone recommend some good literature on the subject. I'm in GA if it's state specific. +Hello Reddit, + +I currently own a $1.6m investment property which I owe $905k on. + +I make +/- $90k annually from my primary jobs($7,500 monthly), and $99k annually in rent ($8,250 monthly). + +Loan on the investment property would be +/- $5,500 a month, and my current rent is $2,500 a month ($8,000 a month total). I have no other recurring debts - car, student loans, etc. Credit cards are paid off monthly, so nothing there. + +Keep getting turned down from standard lenders - my bank and credit unions - because I'm told I don't make enough money to justify the loan + my rent. + +Coming here looking for any advice or counsel. All feedback is welcome! + +Are there any lenders out there that primarily deal with investment property loans and would be more lenient on their income to debt ratios that any of you can recommend? + + +EDIT: +First off - wow, thank you all for taking the time to read this and reply. Some of you even went through my post history to find info I missed! I'm floored. + +Answers to questions that I missed the first time posting: + +--It's a single family home, though there is an Accessory Dwelling Unit (ADU / in-law suite) on property. + + +--How did I get here? Pre-Covid I was making more cash, though not absurdly more so (maybe $135-$140k annual wages in better years - I run a few of my own companies). I got to this point, in a word, incrementally - the house was a complete dump in an amazing area when I bought it and I renovated it over the past handful of years mostly myself thus the gap between what I owe on it and it's worth. $650k primary mortgage (30 year fixed, 4.25%). A year later a $150k HELOC to add the ADU (25 year, 5%), then in late 2019 a personal loan for the remaining debt (5 year, 7%) with the intent of finishing up renovations and selling the place. Renovation wrapped up in early March of 2020 just as the lockdown began so I got little foot traffic and by June had decided to rent the place out instead of selling it. Renting is about a break-even proposition currently, $8,250 a month in income vs. +/- $7,750 a month in lending costs. It's been smooth sailing renting, and if I could refinance into one Jumbo it'd be significantly cash positive... thus this post. + +-- Answered more specific posts in line below. + +Again, thank you all! +I bought it 100% financed at $280,000 about 10 years ago. Rate started as a 6% 30-year with 3-year maturity dates where the rates get reassessed. Over the years I was able to talk it down to 4.5%, but I have my next maturity date coming up and I'm worried I could take a beating. Plus, with the way the Fed is fiddling with rates, God only know what could happen. I'm pretty shoestring, so a sudden jump to 8-9% would knock my teeth out. + +I owe $225,00 on it still and it'll appraise out between $300-315,000 (based on comps). My question is, should I refi to a fixed-rate mortgage? Undoubtedly this would bump my rate up to probably 5.5-6.5% territory, but that might be worth the peace of mind. + +If I do refi, what should I look into? 30-year? 15-year, put up where I am right now in the amortisation? I'm leaning toward the 30-year because the lower mortgage payment would offset the increased rate, and free up a small amount of monthly capital (like I said, I'm shoestring) despite having to pay a lot more to lenders over the long haul. +Is it realistic to self manage an out of state property? + +Scenario: Toilet leaks. + +Tenant calls me, I tell them to send a video. +I send video to 3 plumbers I find online and ask for bids then dispatch to tenant. Get video confirmation of the work done and then pay plumber. + +If most calls are going to be sent out to handyman/ contractor or professional anyways do I need to be in state to do it? +Hey everyone! I manage a few rental properties and have gotten to the point where I’m considering accepting cryptocurrency, specifically BTC, or ETH as a form of payment for rent. I wanted to know if anyone out there had experience in doing the same thing? + +If so, how did you go about doing so? Are you still accepting it? If not, is it something you would consider? +Found a property I like but upon looking in the bathtub I saw this anyone have any idea what it is or how much it'd cost to fix ? + +&#x200B; + +[https://imgur.com/lzv5DiB](https://imgur.com/lzv5DiB) +Zoom out, chill out, and buy the dip if you have extra funds. These massive swings are just part of the normal movement of things in the crypto world. + +If you can take the 30% losses, you don't deserve the 1000% gains. Even after this dip I am still up higher than I ever was during the 2017/18 peak. The key in the crypto world is to just DCA into your positions, always keep some funds handy to buy up on big swings down (20% dips are pretty normal and if your patient you can take advantage of them), never chase pumps, think long term, and just enjoy the ride. + +tldr: chill out, hold, and BTFD +Hi guys. My name is Emma Ockerman, I'm an inequality reporter for VICE News. I've posted here before and am always reading this subreddit. Anyway, I'm currently doing a story on how people are making their groceries stretch with the cost of living increasing in the past several months. Are there cheap meals that you love and make often? Are you slogging through the same recipes? Are you finding big-batch recipes that will last you a few days? Particularly interested to hear from parents that may also have to do all of this with picky eaters in the house—how are you guys doing? + + +If you post here, I may comment and PM you. Otherwise, feel free to message me or email me at [emma.ockerman@vice.com](mailto:emma.ockerman@vice.com) if you're interested in chatting with me. Hope everyone reading this is holding up OK today. +**PsychoMarket Recap - Monday, December 14, 2020** + +The S&P 500 and the Dow Jones pulled back Monday, with market participants closely monitoring the rollout of Pfizer’s (PFE) vaccine in the US and stimulus negotiations in Washington. The tech-heavy Nasdaq outperformed the other indices, finishing the day roughly 0.5% up. + +Over the weekend, the US Food and Drug Administration (FDA) granted emergency use authorization to Pfizer and BioNTech’s coronavirus vaccine for use in individuals aged 16 and older. Distribution of the vaccine is scheduled to start today and will prioritize frontline health care workers and nursing-home residents. . In response to the vaccine news, analysts at Bank of America said, “With the vaccine now shipping, we expect greater reaction from the broader market over the potential return to normal. However, we caution much work remains to vaccine the population and don’t expect to see major progress until mid-2021.” In order to safely and fully reopen the economy and return to some semblance of normalcy, a safe and efficient vaccine is required. That said, widespread distribution of the vaccine is likely to take a few months, so until then we must all continue to do our part to flatten the curve. , Dr. Robert Redfield, the Director of the Center for Disease Control (CDC) said, “The reality is December and January and February are going to be rough times. I actually believe they’re going to be the most difficult in the public health history of this nation, largely because of the stress that’s going to be put on our health-care system.” + +Moderna’s (MRNA) vaccine, which uses similar technology to Pfizer’s, is under review with the FDA as well and could be granted authorization in the coming days. The company first filed its request for emergency use authorization in late November, about one week after Pfizer’s request. The U.S. government on Friday said it doubled its orders of Moderna’s vaccine to 200 million. + +Today, a group of bipartisan lawmakers unveiled the specific language of their $908 billion stimulus package proposed last week. The proposal will be composed of two different bills. One will include $748 billion for the vaccine rollout, aid for small businesses, and enhanced unemployment benefits. The $160 billion proposal includes aid for state and local governments and liability protections for businesses. Here at Psycho, we think it is extremely unlikely any sort that any sort of stimulus will pass through the Senate until after Georgia’s election and the Biden Administration takes power. + +**Highlights** + +* After a monster day on Friday, Disney (DIS) pulled back around 3.5% today. +* NIO recently signed an agreement with a state-woned electric grid company in China to construct 100 battery charging and swapping station in 2021. +* More than a dozen Google services, including Gmail and YouTube, were experiencing issues Monday morning, interrupting access for individuals and businesses. +* United Health Group target raised by SVB Leerik from $378 to $390 OUTPERFORM. Stock currently around $330s. +* Marathon Patent Group (MARA) target raised by HC Wainwright from $7.50 to $9 BUY. Stock currently around $5.50. +* Fedex (FDX) target raised by Credit Suisse from $322 to $365 at OUTPERFORM. Stock currently around $295. +* Broadcom (AVGO) target raised by Argus from $400 to $460. This one has many analysts upgrades in the two weeks, keep an eye out. Stock currently around $410. +* MindMed, (MMEDF), a OTC company we featured in our weekly newsletter is up 35% today!!! Amazing gain. Company is at the cutting edge of developing therapies using psychedelics. Compass Pathways (CMPS) is another company in this industry, IPOd in September. Company recently filed for inclusion into the New York Stock Exchange +* Anthem (ANTM) target raised by SVB Leerik from $370 to $400 at OUTPERFORM. Stock currently around $300 +* Ambarella (AMBA) target raised by Morgan Stanley (MS) from $83 to $98 at OVERWEIGHT, Stock currently around $88. + +“You will face many defeats in life, but never let yourself be defeated.” - Maya Angelou +Been trying to look at things differently, mainly because I suffer from analysis paralysis. Anyhow, my family's current lifestyle cost us about $120-$130 per day. Looking at our daily and hourly rate almost makes me sick! Lol + +Aside from downsizing the mortgage, there isn't much we want to cut. + +Anyhow, how are y'all doing? Were you able to reduce this significantly? If you spend more than that, is it money well spent? + +For the frugal, what does a daily breakdown look like for you? + +When any of you see it like this, does it make you want to change the way you spend? + + +FYI I know Reddit is a bad place for financial advice, but I like to hear others opinions. + +I feel like instead of putting it all into something “safe” like Bitcoin and waiting ages for a small gain, I should split it up. Probably into smaller cheap coins that could potentially spike. Thoughts? +I have been trying to invest according to a Buffet-esque long-game strategy, which is no small feat in the realm of crypto. I was thinking about going full ETH maxi, but the gas is starting to really bum me out. The way I see it, a blockchain needs to be able to overcome the two main criticisms of the technology: environmental sustainability and scalability. + +When it comes to sustainability, you can pretty much write off any PoW chains. Proof of stake seems to be the most promising low carbon consensus mechanism, but I’m open to suggestions for an alternative form. +When it comes to scalability, I think the question of throughput is the most important factor. As blockchains expand from defi and NFTs into gaming, VR/metaverse, and general purpose data platforms, throughput and TPS are becoming limiting factors to mass adoption. Similar to my proof of stake persuasions, I believe sharding to be the most promising way forward for blockchains, but can be convinced otherwise. + +Harmony was ostensibly the first sharded, proof-of-stake blockchain. But it’s pretty far down the stack and I don’t anticipate it overtaking ETH before they figure out their throughput issues. NEAR Protocol’s [sharding announcement ](https://medium.com/nearprotocol/near-launches-nightshade-sharding-paving-the-way-for-mass-adoption-b17066fbc330?source=collection_home---4------0-----------------------)today seems to lay the groundwork for infinite scalability, plus they are carbon neutral and PoS, but I don’t want to put all my eggs in one basket. +So my question is: Which chains show the most promise in terms of sustainability and scalability from your perspective? Are there any other PoS / sharded chains I should look into, or should I evolve beyond my PoS / Sharding chauvinism? DIscuss... +&#x200B; + +https://preview.redd.it/s2ig0eklq7v71.png?width=1093&format=png&auto=webp&s=bb7a6f9efa1735e1120d607af5a1398e77c6c9b6 + +"At the **end of July**, attorney Peter Scoolidge made his way to the Eastern District Courthouse at Cadman Plaza in Brooklyn. The courthouse was hardly an unusual destination for the lawyer, but that day, he had a bizarre assignment: Listen to the lone existing copy of [Wu-Tang Clan](https://www.rollingstone.com/t/wu-tang-clan/)’s *Once Upon a Time in Shaolin* album to determine if the material was still intact." + +"Giggling U.S. Marshals is just the latest odd episode in the life of *Once Upon a Time in Shaolin*, which was bought by an anonymous entity **in July**. On Wednesday, a group called PleasrDAO revealed that it was ultimately behind the purchase, which cost the collective $4 million." +https://www.cnbc.com/2022/01/20/property-sector-is-most-zombified-rate-hikes-will-be-risky-kearney.html + +There’s a “big risk” of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney. + +The real estate sector had the highest absolute number of “zombie” companies and the highest share of zombies in 2020, according to a Kearney report — and that number could surge if rates double, said Kuhlwein. + +Zombie companies refer to firms that have been on the market for more than 10 years and earn enough to operate, but not to pay the interest on their debt. +Doesn’t bode well.. will Americans be more receptive to fake meat at their preferred fast food joints? Imo probably not.. I think Dunkin will follow + +https://www.bnnbloomberg.ca/tim-hortons-drops-beyond-meat-products-in-most-provinces-1.1318139 +The mean housing price in 1971 was $25,200. The mean housing price today is $392,000 + +You can say that that’s inflation, but let’s look at the CPI: + +A gallon of milk in 1971 was $1.19, and it’s $4 now. + +How come home prices have gone up 16x, while milk has increased in price by less than 4x? + +Home values increase from 300k on average in 2020 to 392k on average in 2022. Tell me, do you really get 25% more utility from your home now? Is your home 25% more useful now than it used to be? + +Every year home prices go up by at least 10%, and this has been the case for a long time. Is this sustainable? What’s the justification for this price increase? + +If real estate continues to outpace inflation, pretty soon the average cost of a home will far exceed the average lifetime earnings of the average person. This is ridiculous, and obviously unsustainable economically. + +If the utility of the product doesn’t increase, then it must be a demand/supply issue, and the only reason demand is going up is because banks are giving out mortgages at very low rates because of the fed. + +There are two ways the market crashes. 1. Some smart billionaires build their own cities and sell the new housing and become ultra billionaires by destroying the current real-estate market. +2. The fed ends the party + +If the fed increases rates, in a few months to a few years people will no longer be able to afford these egregiously overpriced houses that they already can’t really even afford. + +Eventually the party will stop. + +Positions: +Renting… +Please limit discussions about the August CPI to this thread. + +Information about the CPI can be found at the Bureau of Labor Statistics here: [CPI Home : U.S. Bureau of Labor Statistics (bls.gov)](https://www.bls.gov/cpi/) + +The August 2022 CPI data can be found here: + + [Consumer Price Index Summary - 2022 M08 Results (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) +https://www.cnbc.com/2019/05/31/elon-musk-spacex-is-now-worth-more-than-tesla.html + +Let that sink in, Tesla could go to zero and this dude would be worth over 15 Billion dollars. We love to give Elon shit around here but SpaceX isn't going anywhere and from what I've seen has a massive lead in the orbital launch business. Also there is tons of room for growth because if his 12,000 satellite starlink constellation goes up they could provide billions of people with affordable internet. Elon isn't going anywhere. + +Just a fact for the boring ass weekend. +Solid non-anonymous team, rumored to be adding a new exchange soon. New project. Summary and links below. Micro market cap ($19M) and low max supply of tokens (140,000). Worth a look. Available on uniswap. + +MAIN INFO: +https://bird.money + +https://www.coingecko.com/en/coins/bird-money + +https://t.me/birdmoneygroup + +Bird.Money price today is $218.53 with a 24-hour trading volume of $5,884,897. BIRD price is down -2.9% in the last 24 hours. It has a circulating supply of 87 Thousand BIRD coins and a max supply of 140 Thousand. Uniswap (v2) is the current most active market trading it. + +Bird.Money is an ERC20 token which acts as a non-custodial digital asset lending and borrowing platform. Bird.Money is based on current decentralized lending platforms, but with various changes to bring an even more innovative environment. +$MILK +Charity token for food donations on Pancakeswap + +The team created an update video that you can watch here: + +https://youtu.be/Ts5jSx_rkKI + +Hey guys $MILK token just reached 1400 Holders recently. +The project was started a little over 3 days ago and it had its ups and downs since then. +It got a lot of traction due to a big Tiktok and since then the price retraced. +There were some hiccups in the beginning but the dev on this project has been amazing and transparent. + +It has been listed on Blockfolio, Coingecko and Coinmarketcap submissions are done as well. +There is a second token in the work to fix an issue with $MILK. Initially it was intended that part of the +transaction fees would be send to a charity wallet. +Due to an error in the code its not working. So the dev took the fees generated by the presale and donated it to charity already. + +You can find the proof here: https://imgur.com/gallery/pWTeHcf + +The website was updated and the improvments are noticeable it looks much better now. +On the website you can also find our Twitter,Telegram,Discord,Github and subreddit + +https://milktoken.net/ + +Details of the second token that will be named Butter will be released shortly. + +Contract address: https://bscscan.com/address/0xb7CEF49d89321e22dd3F51a212d58398Ad542640 +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb7CEF49d89321e22dd3F51a212d58398Ad542640 + +New donation collected through community effort (charity was picked by the community on the subreddit): +https://imgur.com/a/uNeueMU + +If you are interested in the project and would like to say hi come join socials can be found on the website. +The difference to the other projects is that we have a dedicated dev and a nice community instead of lazy devs and +a toxic atmosphere. + +As always DYOR and only invest what you can afford to lose. +I have rather large realized capital losses this year. Instead of writing off $3,000 in losses every year for the next 10ish years, what if I just sold some of my long term holdings that have 10x'd over the past decade? That way I could "cash out" and take the profit on those without paying long-term capital gains taxes on them. Then possibly a month from now, enter into them again (or not). + +I also realize that if my income is less than \~$40K a year, I'd pay 0% capital gains taxes on the sale of long term stocks, and while my income is below that this year and next year, it'll likely be higher than that in 2024. +I am 23 y/o and for the first time in life (I am independent of my parents since I am 19) I am not totally broke, meaning I have enough savings to last for 6+ months. I will never forget the Christmas I had to borrow money from a friend so I can buy my parents a chocolate bar for a couple of euros as a present when returning form the university abroad. Or when I went to buy the groceries and the self checkout machine didn't accept a 1 euro coin and that was the last money I had at the moment. + +Thanks to all the good folks who take their time to contribute to this amazing sub, I'd like to personally share the things I've learned, hoping that it might help someone. + +1) It's ok if you can't afford it, don't let others pressure you. I got myself into trouble time and time again because I let other people to pressure me to do things I can't afford. Living with my gf in a place which is way over my budget, having dinner dates too often, that kind of stuff. It's very hard to say no to a person you care about but you have to. On the spot, you may think 'it's ok, I will cut down on my spendings this week, will make it up'. Sounds easy, but usually it's really really hard especially if you are on a tight budget already. + +2) You get bored of fancy things really easily. It might be really tempting to live in a fancy apartment, drive a nice car. You can imagine yourself waking up to the nice view from the 30th floor in the city center. But you know what? It's exciting during the first week only. Maybe the month. That's all. After that, it's just a regular thing you don't pay attention to but you keep paying for. I've spend loads of time in super fancy apartments (co-workers, bosses, etc), I was like 'wow, like in movies' for the first few times. Later, I didn't notice anything cool about it anymore. + +3) Small expenses are crucially important. For some time, I've been working quite hard, was paid reasonably well, didn't make any major purchases and still I was totally broke. It was a bit depressing - I am working my ass off but still I can hardly afford basic clothes, my last shoes are leaking water and my feet are wet the whole day. I was spending A LOT of money on cheap crap every day. A can of coke, a chocolate bar, that kind of stuff. It seems like it's not that much, a few cents for a can, but multiply it by 365 and oops, we have problem. Before you notice it, it becomes a habit, like buying a can of coke every morning on the way to work. It's very likely, you might have a few habits like that (maybe a cup of coffee at Starbucks after work?), making things even worse. Sounds obvious but try to calculate how much you've spent on these things during the last month. Chances are, you will be shocked. + +4) Keep the expenses low, but never stop thinking about increasing the income. There's a limit to how much you can cut down the expenses. Try to learn something new every day, keep learning new skills. Just like small expenses on crap, it adds up to a lot. I've been able to double my salary in the 2 years, and regularly reading books, blogs in the evenings was a major factor. + +These are the main things I've learned. I hope it helps someone to change their habits and making the life more enjoyable! +News heading into Monday. + +Cruise lines barred from sailing for 3 months. Maybe priced in, most people probably figured this but who knows. 4 major cruise lines are on the 500. + +Fauci may get fired for basically contradicting Trump. + +China may be getting it's second wave. + +5 mile lines of cars at food banks all over the country. + +Every major news outlet I saw talks about PPP not working well with interviews from business owners. + +Probably some shit I'm missing. + +All this clearly adds up to a green day Monday. +https://www.trustpilot.com/review/fool.com + +Any negative review on The Motley Fool’s trustpilot page is getting flagged and removed, regardless if you go through the appeal process. + +They are actively suppressing any negative review in a desperate attempt to do damage control. + +You know what to do… + +EDIT: Mods are considering my post “brigading”, but my call to action is for people who had their reviews removed, not for new people to leave reviews. This post is just meant to inform and to remind people who had their reviews deleted to check. +32 single with about $500k net worth (mostly in stock index funds). I just received a 20% raise from my company (making up for last year with no raise). With my salary before the raise I was able to max out retirement accounts, pay monthly expenses, go on trips, add to taxable, and keep an emergency fund. I am thinking if I don’t take the raise I will keep the same benefits and live the same lifestyle, but only work 4 days a week. I was wondering if others have done a reduce work schedule and how did they like? I like the idea that I am only taking a 20% pay cut, but I am getting 3/7 days to myself. + + +Edit - one thing to add is that this new raise will really only be about 14% raise of my salary after taxes. I know I still will owe taxes on my salary, but as mentioned I have been living fine with it. + +Edit 2 - To clarify I will take this raise and I get a full bonus (worth 10% of my old salary). My plan would be to ask for 80% schedule soon. I have about a month worth of vacations saved up that I would like to use when I am at a full salary and full time. I will still be able to accrue vacation when I am 80%, but not as fast. I also don’t think I will need to take as much vacation if I am getting 3 days off a week. +This is one of my open trades from Tuesday that I told you I would share: + +100 contract 3/12 160C/185C $4.20 GME bear credit spread. For those slow at math, that's $42,000 in premium collected with a max loss of $250,000 and a break even around $164. + +I have already bagged over $72k from selling GME calls in the past 3 weeks, all of which were naked, so this is my first spread against the underlying. I was planning on closing the position on Monday for a 50% gain as the IV crush seems to happen on Mondays and Fridays. + +For those who can read and made it to here: I manage a 7 figure port, I never put more than 5% collateral into any 1 trade, I have never made a YOLO trade in my life or nor will I ever, and I am a very active options trader. + +I can't wait for the freak out in the comments and to be called every name in the book! Todays action has made this trade interesting but the most profitable part of this trade will be this weekend. + +**UPDATE** I closed this spread about 5 min after open for a debit of $6.00, about an $18k loss. +Looking to see what everyone’s go to strategy has been the past few months? I normally wheel stocks but find it extremely tough in this environment/market. What’s everyone’s thetagang go to in a downtrend? Bullish skewed strangles? Bear call spreads? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +My strategy has involved selling very far OTM puts for small premium using margin, even with the bear market it has seen very good success and I usually throw an equally if not further OTM call in there to increase my return and make it a short strangle. + +I’ve always known about futures but I just got approved to trade them with TD Ameritrade. I was to run the exact same strategy on /ES but because of the increased leverage it looks like I can get the exact same return on buying power and go even FURTHER OTM increasing my win rate even more. On top of this gains are treated 60% as long term profits and 40% short term profits. + +Is their any reason to not use /ES options instead of SPY options ? + +Note 11/20/2022: + +After reading and talking to you guys in the comments this is what I have taken away. +Pros +- Futures are indeed an amazing way to increase the returns you can receive on your buying power when selling options. With my strategy, I receive a 20-30% annualized return on buying power selling puts and short strangle on individual securities 2 standard deviations out but with futures, I receive a 30-40% annualized return on buying power selling 3 standard deviations out. + +-Tax advantages are real nice + +-Markets are open for most of the entire week + +Cons +- Futures work on SPAN margin like most derivative markets, however, the expansion of margin required is drastically more dramatic when compared to options on individual securities. In my scenario, my buying power requirement is 4,600 and if the market were to make a 20% daily move downwards it would go to a 37,000 buying power requirement. This means that you can easily way over leverage your account with futures + +- The contract fees are more expensive, this is offset by the increased premium imo. + +Conclusion: + +Selling options on the futures market, specifically indexes like /ES, can be an amazing way to supplement and increase the leverage of your portfolio, increasing returns and saving you on taxes. However, it should not be abused as the extra risk of margin expansion and the high correlation of the overall market movements can burn you quite badly. + +In short: Use futures, keep a lot of cash in your account, diversify, grind theta, and hedge your delta. +I’ve noticed that a lot of you aren’t necessarily choosing stocks with high IV rank/percentile to sell options in. Are there other more important factors besides IV rank/percentile when choosing stocks? +I know most recommend SPX for this but I've been testing this strategy with SPY and was wondering what your thoughts are. It's basically opening a 0DTE IC at around 11am, once the market has settled a bit. Strike prices would be $10 above and below the current market price and they would have $5 wide wings. + +This gives you between $15 - $30 premium for $500 maintenance requirement. Looking at the SPY price history for the past 22 years, it only hit max loss once and had a loss about 9 times. This was just looking at the open/close so I figured by opening at 11am, I increase my chances of staying within the $10 width on either side even more. + +I'm sure the premiums will go down when the market calms down, but not sure by how much. For now, it seems pretty solid. If you open 10 of these, that's about $150 per day. You can just keep scaling up from there depending on your account size. Thoughts? +OK, so I have been tracking the Support and Resistance charts for about a week or two now when yesterday morning my wife checked it before I did and pointed out something weird about the chart. Initially, she pointed out the obvious as you can see here at to how the Support Line, Close Line, and Resistance line all three meet, but as I looked closer I noticed a weird anomaly on both sides of the chart. + +[GME](https://preview.redd.it/u9g2hb4t1ns61.jpg?width=2560&format=pjpg&auto=webp&s=dd3d1ebea2f6344643f6a0bfd1acdaf94b791b63) + +Notice anything Weird? If you look at the 52 Week High to the right it is listed as $483.00, however if you look at the high point on the resistance line on the chart it is listed at $42,805.710 and is listed at +1,255,199.40% all of which I have circled in Green. As you clearly can see, the 52 week high does not match up with the high point on the resistance line, until yesterday (Saturday 10 April 2021) this number has matched the high point of the resistance line. + +So after noticing this, I decided to dive a little deeper into other stocks and compared them. This caption is taken at the same time from AT&T which was a stock that I could think of that was not manipulated as GME or some others and here was my findings: + +[AT&T](https://preview.redd.it/t0voyfuv1ns61.jpg?width=2560&format=pjpg&auto=webp&s=1ed137d76fec8e9fbae08013367390863c0538bf) + +As you can see the 52 Week High of $33.24 matches the Resistance high point of the chart with a +13.08%. So here is a non or not so manipulated stock, you can see both the 52 Week Highs and Lows match up with each other. So to validate, I double check with another stock I felt was not manipulated Verizon and had the same findings: + +[Verizon](https://preview.redd.it/ei65rrmz1ns61.jpg?width=2560&format=pjpg&auto=webp&s=0f973ba95bdd2b8feadc678f41a3f8c2799f128b) + +Again, here you can see that the 52 Week High of $61.95 matches the high point of the Resistance line and is at +8.02%. And again you can see that both the 52 Week High and Low matches up. So, in my quest I decided to check another stock that I felt was manipulated "AMC" and see what it looked like and behold, more discrepancies. Now this one is no where near as manipulated and GME but here is what I found: + +[AMC](https://preview.redd.it/je1b0mc22ns61.jpg?width=2560&format=pjpg&auto=webp&s=6b9d5023ebd1f4e2bfcdaadcda6e5e185f2683af) + +If you look at the 52 Week High here you can see that it sits at $20.36, but again if you look at the High point of the Resistance Line on the chart it comes in at $145.788 and at +4,317.82% all in the green circles. Again, one can see where the numbers are not matching up. + +So now comes my point, as anyone can see, there is nothing as heavily manipulated as GME, and I cannot for the life of me figure out how in the world that this stonk hit $42,805.710 at +1,255,199.40%. From what I can gather, the High Point of the Resistance Line should match the 52 Week High and the Low point of the Support Line should match the 52 Week Low. But now as you all can see with GME it does not now as of Yesterday (Saturday 10 April 2021). If there is anyone who can finish putting the pieces of the puzzle together, point me in the right direction, or show me where I am looking at this wright or wrong this would be appreciated because at this point this chart is showing me that GME has at one point already hit or is currently (Hidden) at $42,805.710 which I know is not true. Also maybe some Apes with some more wrinkles than me such as u/rensole , u/WardenElite , u/HeyItsPixeL , or u/atobitt can take take a look at this and make some more sense out of this than me. Either way, this is not adding up to me. + +Edit: Thank you all so much for all the awards, but please save your money and buy some more of those sweet GME Tendies. Also, I am working on installing the Sinkorswim app so that I can possibly get some more verification on this. + +Also many people have been asking what app I am using, the pics are from WeBull Level 2. + +Edit 2: Screenshot taken from Wednesday 7 April 2021 added to show difference in data between now and a few days ago. Note how the 52 Week High of $483.00 is much closer than the Resistance High point of or about $347.510 @ +12,311.07%: + +[GME 7 Apr 2021](https://preview.redd.it/sr5pcgm52ns61.jpg?width=1440&format=pjpg&auto=webp&s=b37ae0043a0befd12a13ebc64e990ca1a6bbd757) +I am overwhelmed by the amount of information and noise that there is out there about trading. It's a blessing and curse at the same time. I'm reading books, watching videos and etc.. + +It's just I am stuck big time on developing my trading strategy. I prefer scalping on 5m / 15m chart forex - for a few reasons and I'd love to stick with it - but I am literally s t u c k. + +I learned a lot about money management, psychology and etc. - but I lack guidance in the development of my own strategy. For ex.. let's say I want to start backtesting - where do I even start? + +Do I pick just one random thing and run with it? + +I also tried paper trading - but that seems like blind shooting since I have no entry / exit rules - basically no strategy in place, only identifying support + resistance + trend and trying to scalp something. + +I know price action pretty good - it's what I started with in the beginning but I don't know. I tried trading trends, ranges and etc. but I feel like I need to develop a more specific strategy in order to test it out. + +What do you guys think? I'll appreciate any piece of advice. Thank you +[https://www.bloomberg.com/news/articles/2018-08-06/forget-apple-goldman-says-flagging-new-1-trillion-for-s-p-500](https://www.bloomberg.com/news/articles/2018-08-06/forget-apple-goldman-says-flagging-new-1-trillion-for-s-p-500) + +Investors fixated on one 13-digit milestone last week, Apple Inc.’s value. But another trillion-dollar threshold is in sight and is more relevant to the bull market in U.S. equities, says Goldman Sachs Group Inc. + +It’s the volume of stock buybacks that corporate America is likely to announce this year. The total for S&P 500 firms will jump 46 percent from 2017 to an annual record, according to an increased estimate from the Goldman unit that executes share repurchases for clients. + +The new forecast highlights accelerating demand from companies, a sign that any weakness in stocks is likely to be met with unbridled corporate buying. While August has been one of scariest months of the year for equities in the past decade, it’s also the busiest in terms of buybacks, accounting for 13 percent of the annual total. + +Now, with more than 80 percent of S&P 500 members done with quarterly financial reporting, most companies can boost discretionary buybacks, concluding a blackout period that typically restricts share repurchases. + +“Investors should focus on a different $1 trillion number that will have a key influence on the market: total buyback authorizations,” strategists led by David Kostin wrote in a note Friday. “It’s not the size of the company but the use of the cash that matters.” + +With a year-end forecast of 2,850 for the S&P 500, a level that’s less than 10 points above Friday’s close, Kostin is far from being the biggest bull among [Wall Street strategists](https://www.bloomberg.com/news/terminal/PB38C4SYF01T) tracked by Bloomberg. Yet he said that the growing alarm around equities, particularly tech stocks, is unwarranted. + +At the end of last month, Morgan Stanley’s [Mike Wilson](https://www.bloomberg.com/news/articles/2018-07-30/correction-worse-than-february-is-building-morgan-stanley-says) predicted that declines in stocks such as Facebook was a precursor to a correction that would be more painful that the February rout. At the same time, strategists at Bank of America and Credit Suisse sent separate [warnings](https://www.bloomberg.com/news/articles/2018-07-30/credit-suisse-joins-bofa-in-warning-of-tech-stock-crowding-risk) about the crowding risk in tech stocks, particularly the FAANG bloc of Facebook, Apple, Amazon, Netflix and Google parent Alphabet. + +“Our analysis leads to a different conclusion,” Kostin wrote. “Tech is less of a ‘crowded trade” than many investors believe,” he said, adding the firm’s weekly data on hedge fund clients showed 26 percent net exposure to tech stocks. That compared with 25 percent for the broad industry positioning at the end of the first quarter, which declined from levels in 2016 and 2017. + +Moreover, there is still untapped buying power left from tech companies themselves. While the sector has announced 40 percent more repurchases this year, their actual buybacks are up at only half the pace. + +“By extension, significant potential demand remains for tech shares as firms look to complete their existing programs,” the strategists wrote. +Aside from housing commission or living with her kids (ages 23-28), my partner and I really need some ideas for his mother’s approaching retirement (she’s 61). + +Backstory is that her husband recently died suddenly of cancer, 9 months after his diagnosis. He was the sole “breadwinner” (hardly) and she rarely worked, but has a background in childcare. He had his own business for 5+ years and we all secretly knew it wasn’t profitable and that he was in debt, but he would never accept help or admit he was struggling. He always acted like a financially comfortable man. She knew things were bad, but not the detail. + +Literally on his deathbed he revealed that he was in deep, deep debt because of the business which he continually tried to resurrect by getting loans and credit cards. The debts were all in his name, and have since been written off after his death. Its a long story, but really they just aren’t the most savvy and switched on people which is why we, the kids, are having to help an adult out of this shitstorm. + +They never owned a single asset, never had savings, no investments - nothing. They were worth nothing and upon his passing he passed on nothing to his wife and kids. After his death my partner and I had to pay her rent, and then start a GoFundMe out of desperation which helped her in her time of grieving and during this COVID19 nightmare, but that money will run out soon. + +Until then we are stuck twiddling our thumbs on what to do to help her. She has no plan other than hopefully get a job (she naively doesn’t even want to work in childcare again), and continue to rent with her youngest child until they want to move out. After that, we’ve got no idea what she should do. + +THANKFULLY, he applied for life insurance well before his diagnosis and it has been approved, so there is about 300k (I wish it was more) coming in for her at some stage this year. What to do with it?? + +She hasn’t worked in years, has no savings, no assets - so a bank would never give her a home loan. She can’t just live off the 300k as she’ll burn through it and she’d like to give some form of inheritance to her kids one day. She wouldn’t be able to afford rent while on the aged pension either, so we’re stuck. + +Any ideas? We don’t want to live with her, if we can avoid it (we just got married). A granny flat MAYBE, but even then... My partner and I are renting and (previously) travelled a lot and aren’t ready to be locked into a mortgage. Maybe in 5 years, but not now. + +My parents suggested a plan where we buy a house financed by her 300k and the remainder from the bank. We would then repay her the equivalent of a weekly mortgage repayment to supplement her aged pension, to ensure she has more disposable income than the pension provides (which is about $500/week, plus we would repay her $300/week). Plus we’d repay the bank the equivalent of repayments proportionate to whatever remaining sum we borrow. Basically we’d be paying the same for a home, but part of it would go to his mum to repay the money she gave us. Upon her eventual passing, we’d either buy out his siblings to give them their portion of the estate, or sell and just allocate them $100k each (obviously this needs a great contract and solicitor). + +But honestly, even this plan nauseates me. It means we’re not only accountable to a bank, but to her - and responsible for her livelihood. + +There’s gotta be some better ideas out there but I just don’t know what they are. Please let me know if you’ve got any other ideas. Thanks! + +tldr - mother in law has nothing to her name except her dead husband’s small life insurance claim. How the hell can she retire comfortably without disrupting her kids’ lives? +what are people’s thoughts on Revolut’s new PayDay feature? + +From my initial reading, I believe below is the case: +- your employer has to enrol into the service for you to be eligible +- you have to switch your salary to be paid into your Revolut account +- you can get a 50% advance on your PayDay using the service +- it’s free to employers +- it costs £1.50 per withdrawal to the user + +I didn’t see anything stating the maximum % draw down per withdrawal, so maybe the user could incur multiple £1.50 withdrawal fees, but paying £1.50 to receive 50% of your salary in an advance seems like an extremely cheap way to borrow if required? + +Interested to hear other people’s views and if there’s a list of major employers that have already signed upto the scheme to give their employees access? +&#x200B; + +**Hey Apes, I came across this twitter thread from Tavi Costa, a Portfolio Manager at Crescat Capital, that I thought you all might find interesting:** [**https://twitter.com/TaviCosta/status/1365851330850398210?s=20**](https://twitter.com/TaviCosta/status/1365851330850398210?s=20) + +&#x200B; + +**(Yes, I know he manages a metals fund, this is not investment advice nor a recommendation to buy his products, just thought his ideas are interesting)** + +# I will copy it below in case you don't have twitter: + +# ----------------------------------------------------------------- + +# The Fed is trapped. Let’s dive in deeper. Thread below + +* The year is just getting started and US fiscal deficits already reached another record. Now at its worst level in 70 years. The current fiscal spending path will lead to record Treasury issuance this year. + +&#x200B; + +https://preview.redd.it/s6klrbf3s1w71.png?width=528&format=png&auto=webp&s=bd53c88f51291d89849fcee4e0a106d45ca66790 + +&#x200B; + +* In March of 2020, lawmakers passed the $2.2 trillion CARES Act bill. Then, an additional $900 billion of stimulus in December. + +&#x200B; + +* With the decline in tax revenues and other discretionary and non-discretionary outlays, the government had to issue $4.4 trillion of net new debt in 2020 to fund these programs. + +&#x200B; + +* **To fund this operation, the Fed purchased $2.4 trillion of these Treasuries, or 54% of the total issuance. Equating to an average of $197 billion per month.** + +&#x200B; + +* **In 2021, if the Fed decides to stick with the $80 billion/month plan, it would be 60% less than what they did last year. The math does not add up. Fiscal spending is likely to be significantly higher.** + +&#x200B; + +* The administration is now planning on a two-stage stimulus package: rescue and recovery. The “rescue” will be close to $1.9T. That needs to be passed in the coming weeks before unemployment benefit programs are exhausted of money. + +&#x200B; + +* The “recovery” part, still being discussed, could be as large as $3T! That puts the Government's rescue and recovery package cost close to $4.9T. Again, that compares with the $3.1T that was passed in 2020. In other words: A tsunami of Treasury issuances is likely underway. + +&#x200B; + +* There is, however, another important consideration. Not only fiscal spending is surging but US Federal net tax receipts are also rolling over again. As of January 2021, US federal tax receipts are down -3% on a year over year basis. + +&#x200B; + +https://preview.redd.it/e7z1b4t5s1w71.jpg?width=590&format=pjpg&auto=webp&s=26112b7ecbb816782633e01f6d7d198a200cd2bf + +&#x200B; + +* **One would wonder who is going to fund all this debt. Foreign investors? They only bought 5.2% of all Treasuries issued in 2020.** + +&#x200B; + +* **US banks? Sure, they bought 17% of last year’s issuance. They are loaded with Treasuries already. In fact, banks now lend more to the government than to businesses and households by a record amount.** + +&#x200B; + +* The ball is clearly on the Fed’s court. But it is also facing its worst predicament yet. + +&#x200B; + +* It must suppress interest rates to allow the government to run extreme fiscal deficits and continue to prop up the equity and bond market at record valuations while inflationary forces keep building up. + +&#x200B; + +* **In our analysis, the Fed will have no choice but to substantially increase its planned quantitative easing. After all, the central bank is the lender of last resort. But US taxpayers will also be on the hook.** + +&#x200B; + +* Throughout history, an increase in income tax rates tends to follow a period of large government spending. It is only a matter of time until this becomes an even more discussed topic. So far, today’s narrative is all about how big the fiscal stimulus is going to be. + +&#x200B; + +https://preview.redd.it/soe7yhi8s1w71.png?width=778&format=png&auto=webp&s=c19f0d6ebae285c61779f53ec0d6376a12d2c7b6 + +&#x200B; + +* If nominal interest rates continue to rise and threaten the government funding situation, policy makers will have to redirect their focus towards the debt problem. Nonetheless, tax increases are inevitable and that is indeed negative for risky assets. + +&#x200B; + +* Yes, the equity market did not have significant issues when tax rates were trending upward and reached 94% at the end of World War II. + +&#x200B; + +* **However, with stocks near record multiples across almost all fundamental factors, we think risky assets cannot undergo such a tightening impact in the economy at today’s price levels.** + +&#x200B; + +https://preview.redd.it/t6f5xc4as1w71.png?width=870&format=png&auto=webp&s=0b126cb5374959a8cee6179d50f97b48c6ababe9 + +&#x200B; + +* Back to the Fed however: We think it will have no choice but to increase its QE program significantly. In such an environment, investors will seek hard assets for protection. The issue is that a commodity boom is contributing to reflexive macro inflationary pressure. + +&#x200B; + +* **After years of underinvestment in the basic resources of the “old economy”, the world is facing commodity supply shortages.** + +&#x200B; + +* Lumber and plywood prices are not only near record levels, but they are also rising at their fastest pace since 1974. Agricultural commodities, base metals, gasoline, natural gas, are all up over 20% YoY. + +&#x200B; + +https://preview.redd.it/81ue2igbs1w71.png?width=528&format=png&auto=webp&s=a70567284e65a1fa666c18475565e5e77dd69ea1 + +&#x200B; + +* Not to mention: The rising industrial demand in a fiscal stimulus driven economy attempting to both recover from Covid and transition to a cleaner, greener economy. + +&#x200B; + +* Similar to the issues we had after the Spanish Flu in 1919, inflationary pressures keep building. Back then, consumer goods prices began to rise due to a raw material shortage problem. + +&#x200B; + +* Commodity producers were running well below their historical capacity, resulting in a sharp upward move in prices. This time, on the other hand, the pandemic already started after several long years of under investments in the commodities market. + +&#x200B; + +* To highlight, investments in mining exploration are at a 62-year low! We strongly believe that there will be major supply/demand imbalances in the next years as part of the current macro environment. + +&#x200B; + +* When adjusted for inflation, commodities are just slightly above the worst levels of the Great Recession. We are likely entering a super cycle period. + +&#x200B; + +https://preview.redd.it/tr6bdztds1w71.png?width=528&format=png&auto=webp&s=03bba788ba2bd7fe7ae92a6fff06c4d21531dee2 + +&#x200B; + +* Commodities are the highway from the old to the new economy. When their prices go up, the whole investing landscape is set to change. + +&#x200B; + +* **This is not like the disinflationary times we had after the global financial crisis. It is quite the opposite. Today, we have inflationary pressures on both the demand and supply side of the economy.** + +# -------------------------- + +# BUY, HODL, VOTE GME + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* +Hi there, I have found myself in a bit of debt and am looking for the best way to deal with my problem. + +I have £1,000 on a credit card which is 25% interest. + +I have £1000 on PayPal Credit which is 20% interest + +I have one loan with £2,200 left to pay (payments are £330 a month) + +I have another loan for with £5,000 to pay (payments are £137.50 a month) + +I am £700 in my overdraft with a daily charge of 60p + +My monthly outgoings are: +Rent £140 +Internet £20 +Gym £30 (12 month contract can’t cancel) +Phone contract £47 +Sim contract £20 +Loan 1 £137 +Loan 2 £323.13 + +My monthly take home pay is £1370 working 37 hours a week + +I’m left with approx £625 a month. I am living at home so don’t have any other bills to pay + +My credit rating is poor so can not get another loan to consolidate. Borrowing from family/friends is out of the question + +Any advice on how you would tackle this is appreciated thank you + + + +****UPDATE**** + +I have sold my car and cancelled my insurance which gave me roughly £5000 back. I have also sold personal belongings such as my phone (£850) and other valuable items (£800) + +I used my latest pay check to fully pay off my overdraft + +Paid off my £2,200 (323 a month) loan in full + +Paid off my £1,095 phone loan in full + +Paid off my credit card in full + +Paid off £300 on PayPal credit + +I can not cancel my Gym membership until July and my sim contract wanted £200 to change my contract to a cheaper contract so I have left it as it is. + +I still have my £5000 loan (137.50 monthly payment) and this is the next thing I am planning on tackling + +Thank you again to everybody who contributed to my post. +I'm looking at new TV's but I struggle buying anything that's super expensive. I'm a massive movie fan and I'm in a position to buy a nice new TV. + +How much did you spend on a home entertainment system? Is 2k too much? + +Is there a way people like calculate what they can afford. I feel like I'm scared to spend any money having been brought up by a single mother and load of siblings - we never had much money. I now earn 45k and no debt and my outgoings are like 900 a month. +Hello! + +In May we went from 4.25 to 3.5% on an almost year old home mortgage from 2019. Closing costs were $2600. No points on the loan. We can now refinance to 2.875%, similar closing costs. + +I hate to pay those closing costs again--but it makes much sense in the long--right? We're planning on living in the home for a long time. I do not have a great mind for numbers/finance. I appreciate any advice! + +Also, I've done a few mortgages with this same guy. I like him and mostly trust him. It's easy to work with them. Is it silly not to be shopping around? + +Also--how much lower can the rates go? + +Thanks for any thoughts! + +**EDIT: Wow--this group is amazing! Thanks very much for all the good advice and interesting discussion. I've got a lot to chew on. I'm pretty blown out by how helpful people are in this group. Thank you!** +The bulk of my funds are in IWDA (in euro), and I'd ideally like to move to something where I could sell covered calls for a little extra income. Something along the lines of the American SPY or QQQ. Anybody know of anything that is a broad index fund, options enabled with reasonable option liquidity? + +Sorry if this has been covered before but it's quite broad for Google and Reddit search is rubbish. +I am a university student and have 4.500€ in savings. I have all my money in a normal conventional bank account. Would they be safer (and easier to use) in revolut? + +For example , i never use my debit card for online purchases because i am afraid something could go wrong , but I'd like to be able to. Revolut offers virtual debit cards tho and from my understanding all of their stuff are completely free. Should I open a revolut account and transfer all my money there , or get a second debit card from another conventional bank (my country is Greece) and use the new card as a shopping card? +Hi!I've already invested €5k in ETFs and plan to add €300/€500 monthly for the next 20 years. I've been studying a lot but I'm still in doubt regarding 3 options: + +* **Portfolio 1:** 100% in [VWCE](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80) (FTSE All-World)Pros: All World (Developed + Emerging); No work rebalancing;Cons: Small caps are missing; +* **Portfolio 2**: 85% [VWCE](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80) (FTSE All-World) + 15% [IUSN](https://www.justetf.com/en/etf-profile.html?query=IE00BF4RFH31&groupField=index&from=search&isin=IE00BF4RFH31) (MSCI World Small Cap)Pros: All World (Developed + Emerging); All Caps (Large, Mid and Small Caps);Cons: Small caps of emerging is missing; Work rebalancing; +* **Portfolio 3**: 85% [VWCE](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80) (FTSE All-World) + 10% [IUSN](https://www.justetf.com/en/etf-profile.html?query=IE00BF4RFH31&groupField=index&from=search&isin=IE00BF4RFH31) (MSCI World Small Cap) + 5% [SXRV](https://www.justetf.com/en/etf-profile.html?groupField=index&distributionPolicy=distributionPolicy-accumulating&indexProvider=Nasdaq&from=search&isin=IE00B53SZB19) (NASDAQ100)Pros: All World (Developed + Emerging); All Caps (Large, Mid and Small Caps);Cons: Small caps of emerging is missing; Work rebalancing; Overweight in the tech sector + +I know that in Portfolio 3 I'm betting that the "tech" sector will overperform in the long term, but that would be a risk I would be comfortable taking.To conclude: + +* Which of the portfolios you think is the best for a long-term strategy? +* If your option is Portfolio 2 or 3 what should be the weights of each ETF in the portfolio? +Hello fellow redditors! + +I'm based in an EU country, approaching my 30 year mark and looking to set up my ETF portfolio. Initially, I was thinking about a single-ETF portfolio (VWCE) or just two of them (IWDA 88% + EMIM 12 %), but after following Ben Felix's videos I'd like to try and capture the size and value factors as well. + +Therefore, lurking on this and other forums I've come up with the following split: + +- IWDA (IE00B4L5Y983) 60% +- EMIM (IE00BKM4GZ66) 20% +- IUSN (IE00BF4RFH31) 10% +- IWVL (IE00BP3QZB59) 10% + +I have a long investment horizon (20+ years) and I'm using tiered pricing on IBKR so each purchase should be 1-2 euros, well under a total of 10 I pay anyway monthly as an inactivity fee (fees are subtracted from that if any). I plan to invest monthly. + +I've ran backtesting using the [tool I've seen shared around here!](https://backtest.curvo.eu/), but most most of the time the difference is very small or greatly impacted by initial lump sum vs recurrent investing approach. + +I would appreciate if anyone could share thoughts or concerns about this portfolio split for a recurrent investor. + +Thanks in advance! +Hey, + +I'm looking for a broker and originally wanted to go to Degiro. However I have noticed Interactive Brokers mentioned around here lately (now that they supposedly dropped the inactivity fee and minimum balance requirement). I'm a small investor, interested in ETFs and maybe some stocks but I don't want to trade or anything, just buy once in a while. + +I am a bit confused about Interactive Brokers as I thought that it's mostly a US-oriented broker. Could anyone who has got experience with it please tell me how it works for Europeans? Can you buy the typical European ETFs there (e.g. VWCE)? Is there anything I should pay attention to as a European (fees etc.)? + +Which one of the two would you recommend? + +Thanks! +Hello + +&#x200B; + +i have been trading stocks on my local bank, but i really want to make a switch because 1) their website/platform is bad and 2) they dont even have iOS / Android apps. + +&#x200B; + +I have been considering Degiro, to be honest i already made an account, a "Basic" account. I haven't put any money yet and i thought that maybe i should make a "Custody" account as it might be safer? I read that if you have the Basic account if they go bankrupt your money is gone...and that you are not safe in general with a Basic Account? + +&#x200B; + +What are your thoughts? +Given the raising interest rates I guess it makes sense for banks to seaze the cash from the common folk again. + +My old bank back home has just offered me a 7% savings account, sadly not in euro. Can you recommend any savings account in Germany in €? + +(Please refrain from derailing the topic into other investments such as stocks or ETFs, I know they can bring more return) +26 year old Belgium resident here, looking to start investing. + +&#x200B; + +I have +- €300k sitting around at different banks on saving accounts (there's a €100k insurance limit in case a financial institution goes bankrupt, hence the different banks). + +&#x200B; + +At 0.11% intrest (0.01 base + 0.1 fidelity premium) this nets me around €2.200 yearly (after taxes) at most. + +&#x200B; + +I work in IT as a freelancer and I can save around €4.000 / month from my income (after rent, food & utility bills). + +&#x200B; + +**Current investments:** + +*Retirements saving - €90 / month* + +I invest around €90 monthly in my retirements saving plan for the tax benefits (30% return on taxes). Currently sitting at +4.93% after investing for 1 year. + +&#x200B; + +*Sivek Global Medium fund - €100 / month* + +€100/month into a fund ([Sivek Global Medium](https://www.tijd.be/customers/mediafin.be/funds_tijd/1423098/Fund/60125502/general), medium risk, offered by my bank institution). Sitting at + 2.60% after investing for 2 years. + +&#x200B; + +*Crypto - €2.000 lump sum* + +In 2016 I invested a €2.000 lump sum into various cryptocurrencies, now worth +- €6.000. Not really my cup of tea though. + +&#x200B; + +I experimented with DeGiro, but the thing that's holding me back is that you're forced to buy 'whole' shares (this was the case 1.5 years ago). In case of AMZN for example, this would cost me $1.979 today. + +&#x200B; + +Is there a platform / system where I can invest €1.000/month into various stocks I select (or someone else selected)? Eg. + +\- 50% AAPL + +\- 25% TSLA + +\- 15% AMZN + +\- 10% GOOGL + +&#x200B; + +Or am I better off looking at ETF's for example? +Hi! + +I'm a 34 year old moving to Hamburg with a work Visa. I plan to stay permanently in Europe (or until sufficient for retirement in my homeland). I have a job which pays 58k, and around 2-4k Euros in savings (depending on how my move ends up shaking out) and that's about it. + +I plan to save intensely, setting apart a minimum of 10% of my income and aiming towards a 25% when possible (250-600EUR per month). + +I have, however, absolutely no clue about personal finance management in the EU. I have an N26 account and absolutely no idea about anything. + +So some totally clueless questions: + +- What are the recommended vehicles for long-term savings? +- Are there any tax-exempt or tax-advantageous ways of saving for retirement? +- Who is going to be selling me these vehicles? A bank? I tend to not trust them much. A broker account? +- Is buying stocks a thing in DE? Is there any way I can but from NYSE, for example? + +Sorry, I may have a bunch of other questions but I don't even know my unknowns. Maybe I will follow-up. I just now that fixed-term deposit savings seem pretty paltry, and I'm starting quite late so I think I should be a bit more aggressive in good interest rates for my savings? +I am currently in a situation where I might change residency every few years (still within the EU tho) and I was wondering how I can do some long term investments in this situation. + +I am asking because, as far as I can understand, I would have to move my funds \ investments every time I change country since you need to be a resident of that country to have an active bank account or investment account (like Degiro, Moneyfarm or whatever). + +Yeah, I know that nobody really checks if you moved residency as long as you don't tell the bank but that doesn't sound like a good idea.. +ECB isn't really talking about increasing interest rates in EU yet, but to me it still seems like a very good possibility that it might happen. +What would you do if you had a chance to refinance your mortgage from 1,65%+ 6M euribor for 15 year to fixed 1,95 % for 10 years? The current variable rate is not very far from the available fixed rate, a rate increase or two. But at the same time, some other banks are now offering even lower variable rates - lowest is 1,1 % (3M euribor is subtracted from their fixed rate of 1,7 %). + +Any recommendations? +Good morning. Maybe some of you are in the same situation and can share their experience or ideas. In my 30s, Currently living outside of my home country for 10 years, third country already. Been paying taxes and social security plus my company been contributing to private pension plan that i can max out with personal contribution and get better taxes. + +\- How to get the "public retirement" once the time comes. There's the European U1 form but AFAIK it's for unemployment rather than pension. + +\- What to do with different pension plans in different countries, till now on i have not the change to withdraw them unless i'm dead or long term unemployed, Checked and being employed in another EU country doesn't qualify as unemployed in another. + +I'm just leaving the accounts open letting them grow +Hello fellow redditors! + +I'm based in an EU country, approaching my 30 year mark and looking to set up my ETF portfolio. Initially, I was thinking about a single-ETF portfolio (VWCE) or just two of them (IWDA 88% + EMIM 12 %), but after following Ben Felix's videos I'd like to try and capture the size and value factors as well. + +Therefore, lurking on this and other forums I've come up with the following split: + +- IWDA (IE00B4L5Y983) 60% +- EMIM (IE00BKM4GZ66) 20% +- IUSN (IE00BF4RFH31) 10% +- IWVL (IE00BP3QZB59) 10% + +I have a long investment horizon (20+ years) and I'm using tiered pricing on IBKR so each purchase should be 1-2 euros, well under a total of 10 I pay anyway monthly as an inactivity fee (fees are subtracted from that if any). I plan to invest monthly. + +I've ran backtesting using the [tool I've seen shared around here!](https://backtest.curvo.eu/), but most most of the time the difference is very small or greatly impacted by initial lump sum vs recurrent investing approach. + +I would appreciate if anyone could share thoughts or concerns about this portfolio split for a recurrent investor. + +Thanks in advance! +Hi all! I live in the UK and have two investment accounts: one of them is my normal account and another one is Stocks & Shares ISA account. With the ISA account, I can only invest in GBP, whereas with the normal account I can exchange currencies as I wish and trade in whatever currency. + +In my normal account, I have put some money into a Vanguard ETF which tracks the S&P 500 in EUR (as it is exchanged in Milan). Now, I would like to invest in the same ETF from my ISA account as well but cannot do that because I need to invest in GBP, not EUR. I did not know this when I made my investment in EUR. + +***Question 1*****: I have realized that that ETF is also traded in the LSE in GBP so I could simply invest in that ETF in EUR with my normal account and buy that ETF in GBP with the ISA account. Would that be a bad idea? What does it imply? I am new to ETF investing so any advice would be appreciated.** + +&#x200B; + +***Question 2*****: Contrarily to its EUR counterpart, the LSE version of this ETF is not available online (as in, it's only available offline) with my online broker and thus if I want to invest in it I need to call my broker and ask them to make the investment on the phone. Not sure why this is the case. This also means that I would not be able to track my investment easily, and that I'd have to call my broker every time I want to buy or sell or check the status of my investment. Even assuming that the answer to Question 1 was that it's ok to invest in the same ETF in EUR and GBP, I would be a bit skeptical of investing in this ETF in GBP considering it's only available offline due to all the hassle of having to call my broker every time / not being able to check the status of the investment. Have you had a similar experience before? Is it common? Should I just ditch this ETF and get one that is available online? Any tip is appreciated!** +Hi there, + +I have tried to sell my position up 75% today but I got this message: + +**The entered price x is too high compared to the last price x. The upper bound is x.** + +Could you please tell me why there is such a limitation or is it just for this market? How can I sell those shares? Can you only sell if up to 20%? +Hi, due to circumstances I have about 20.000 euro on my bank account. I am 19 yo and starting my first year of college in september. I live in the Netherlands. I won't spend money while in university due to it being paid for (also other expenses while there). I also have about 10.000 euro in 0.0% debt, which might start having interest soon, which I plan to pay off if it changes to having interest (it's from government educations loans). Does anyone have ideas of what I should do with this cash, and if I should do anything else with the 10.000 euro while there is no interest? Is the right forum for this? Thanks a lot +Hi, + +My wife and I have bought a property in Germany last year. We got 220k at around 1% interest from kfw and 250k at 1.5% from the bank. We have the interest fixed for 10 years. + +Our initial plan was putting our saves into the traditional ETFs recommended here (developed world and emerging markets from vanguard) and when the time to renegotiate the debt comes we would evaluate if it was worth using that money for reducing the debt or if the interest was as low as we got initially just refinance the whole thing. + +I have a guy that takes care of my insurances and helped us with the financing. Some days ago he recommended us to make a Bausparvertrag (sorry I have no idea what the translation to English is). From his explanation I understood that I’d basically put money in a account every month with basically no return and in the exchange they’ll fix the interest rate for us in 9 years. The idea is that we’d be safe with a maximum interest rate for refinancing our mortgage in 9 years. + +I’m unsure if this is worth or not. Having some insurance of a maximum interest rate seems like a good idea but having all this money there sitting (for us sitting, I’m sure the bank will make good use of it) doesn’t sound good. + +Do any of you have experience with such contracts and or have an opinion about it? Any input will be highly +Hi, i am from the Netherlands and are almost done with my masters. I already have worked some years prior and have a job immediately after school. + +I gave up finding a house or renting an apartment in the Netherlands as this will never be possible for me. Even with a permanent contract of 70k a year so i am looking into buying a house in Spain. The main reason is financial, as it is just too expensive too rent or buy a house anywhere in the Netherlands, let alone trying to buy one to raise a kid in (I desire to start a family before my 30ties) + +Is it possible to get a mortgage in the Netherlands, buy a house in Spain, register in the Netherlands and live in Spain whilst working in the Netherlands, as a native dutch person? I can do my job remote and have enough saved for any legal fees, etc. + +Will there be any complications in the EU law that will prevent me from doing this? Like do i have to pay double taxes or am I prohibited from registering in Spain? +Hello everybody! + +Hope you are all doing fine by this Monday 😃 +Would love to get your comments about this allocation : + +iShares Core S&amp;P 500 EUR UCITS ETF USD (Acc) - IE00B5BMR087 +TER: 0,07% p.a +Allocated : 30% + +iShares Core MSCI World UCITS ETF USD Accumulating - IE00B4L5Y983 +TER: 0,20% p.a +Allocated : 30% + +SPDR S&amp;P Euro Dividend Aristocrats UCITS ETF (Dist) - IE00B5M1WJ87 +TER: 0,30% p.a +Allocated : 25% + +VanEck Vectors Video Gaming and eSports UCITS ETF USD Accumulating - IE00BYWQWR46 +TER: 0,55% p.a +Allocated : 10% + +db Physical Gold Euro Hedged ETC - DE000A1EK0G3 +TER: 0,59% p.a +Allocated : 5% + +I plan to keep this portfolio for 15/20 years at least. + +Mainly distribution ETF for tax purpose except the dividend ETF but fine as in my country I have a cap of 1k5 tax free dividends per year. + +For the VanEck ETF: being a big believer of the gaming/esport industry I allocated a slice into my PTF. + +Any comments, suggestions are more than welcomed 🙏🏼 + +———————-/ +EDIT 1 (05/10/2020 - 16:50): + +First of all thanks to all your comments which allowed me to reconsider my portfolio allocation - Here is an update of my initial allocation taking into account your comments: + +PTF currency EUR + +iShares Core MSCI World UCITS ETF USD Accumulating (EUR) - IE00B4L5Y983 +TER: 0,20% p.a +Allocated : 65% + +Xtrackers ESG MSCI Emerging Markets UCITS ETF 1C (EUR) - IE00BG370F43 +TER: 0,25% p.a +Allocated : 15% + +iShares MSCI World Small Cap UCITS ETF (EUR) - IE00BF4RFH31 +TER: 0,35% p.a +Allocated : 20% + +Would love to read your comments regarding it 🙏🏼😃 + +———————-/ +Recent graduate student here from Binghamton where I studied economics. Currently I'm working in a computer software company but it's definitely not where I want to be. I was wondering if you guys took an unconventional route before finding yourself in a finance position. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +I remember the first time a client died. He and his wife were long-term clients and were still very much in love after many years of marriage. He was diagnosed with aggressive cancer and died within a year, but before he died, he asked us to deliver a financial plan to reassure him that his wife would have adequate resources for the remainder of her years. We were pleased to be able to give him that information a few weeks before his death. + +Since then, I've waded through countless estate settlements which have included everything from weeping widows and widowers to beneficiaries screaming at each other about who gets what and how much to estates which go entirely unclaimed and are eventually turned over to the state. + +Today took the cake, though, and it wasn't within the scope of my normal duties. + +A client brought in a letter she had received which was addressed to her nephew. She wasn't sure how her nephew's name had become attached to her address as she had not had contact with him in many years. It seems that her husband's cousin, upon their death, had asked the client and her husband to look after their nephew. They said that they would, but after the cousin's death, a decision was made that their drug- and alcohol-dependent nephew could not stay with them and so he was left to his own devices. Contact with him was eventually lost. Then they received this letter. + +The letter itself is just a mass mailing offer for an insurance quote - something one division the company I work for offers. I spoke with that division and it turns out that the name and address were paired together on a mailing list they purchased. They had no other information to give me, so I did a quick "something search" and the first thing that popped up was an obituary for a man of the same name and in the same location as he was last known to live. + +I verified that the age and location matched the missing nephew, then called the client to break the news: he's been dead for over four years and it seems that the body was never claimed. The obituary consists only of his identifying information, date of death and the phrase "no services are planned". The family had no idea, no one had thought to look for him in recent years and those family members who are old enough to remember him are too old to think to search for info on the internet. + +Perhaps as a bit of comic relief, the client is hard of hearing which meant I was yelling, "I'M SO SORRY TO HAVE TO BE THE ONE TO TELL YOU THIS, BUT..." + +If I never have to break that news to anyone ever again, it will be too soon. +Hey guys, is there some sort of skill list a college finance major could work on? I am a junior preparing to enter the real world and it'd be great to see a comprehensive list of some important skills/ programs to master that one could work on along with standard school work, such as: +-Excel +-Access +-Etc. +Advice from you already in the work force? Programming languages? Any help would be great. +Not sure if this is the right sub but you guys are always insightful so hopefully I don't look like an idiot right now. + +If a bubble is created when an asset is traded way over its intrinsic value, and student loans are not collateralized (as far as I know?), aren't dischargeable in bankruptcy (for the most part), and are essentially supported by the federal government, how can this be a bubble? + +If anything, wouldn't a college degree be the overpriced asset? And even if it is, I don't see the federal government stopping or even minimizing access to college loans to "burst" the "bubble." + +Is any of this on point? +Hey guys, is there some sort of skill list a college finance major could work on? I am a junior preparing to enter the real world and it'd be great to see a comprehensive list of some important skills/ programs to master that one could work on along with standard school work, such as: +-Excel +-Access +-Etc. +Advice from you already in the work force? Programming languages? Any help would be great. +What if Satoshi Nakamoto had lost the private keys for the address where he hold his fortune and, while we think he's a badass for not spending his money, he's actually crying cause he's money he can't spend? +https://github.com/dogecoin/dogecoin/issues/1674 + +>We believe that what you're really doing is trying to get rich at the cost of others and when that failed because you ran out of victims and money, you come here asking us to bail you out. However, we will not bail you out, as with great freedom comes great responsibility. We take ours seriously and we hope that you will too in the future. +We have now closed this topic. Request denied. + +I messaged the modteam over at r/dogecoin mentioning that it would be a very responsible move of them to let the community know that this is the engineering team's official stance. A lot of new users are banking on this occurring, as pump & dump groups have convinced them that if it does their investment is going to skyrocket. + +Not holding my breath, though. +I'll start. I hadn't been an investor before, only putting away some money in a Roth IRA. As I made more money, I was smart enough to avoid debt, but all I did with my money was let it grow in my checking account. + +Then my family was talking about [Dave Ramsey and his baby steps](https://www.daveramsey.com/baby-steps/), and I decided I could handle "baby steps," too. + +I had no debt, so that was an easy step to skip. Then I simply moved a huge chunk of my money from checking to savings, in an account called "Emergency." I finished three steps out of seven right then and there. + +Doesn't seem like a huge change, but from there, I started viewing the excess money in my checking account as something that *needed a job.* I started buying stocks and funds...and, well, the journey began. I learned that some people (like FIRE) are super aggressive with their savings, and I've since become that aggressive myself. + +All because of a few clicks moving money from one account to another. It's amazing how much it can impact your psychology. + +What was the most impactful decision you made on your FI journey? +This is not a question of whether you should or shouldn't, the price is irrelevant for this sub. My question is: those of you who have bought their own plane for personal travel, did you actually use it as much as you think you would or was it just a novelty? + +I was looking into a 6 seater for my growing family since we live in a mildly inconvenient location (1 hr to the nearest big city, 2.5hrs for most destinations). I'm a pilot and I feel like the plane would let us experience much more small family vacations without dreading the drive and getting stuck in traffic. The journey to the destination would be part of the fun. At least, that's the idea. +Went to a few shops over the weekend and they are as busy as ever. Plus small businesses are getting soooooo much support from the Government until Sept? Is the feared recession not going to happen in Australia? Is Australia really going to be a miracle country that just never have recessions? +Thinking of doing a Monash MBA $88,000 and the time investment is a lot. + +Wanting to set myself apart for management opportunities and build my business acumen, so assist more with the business side of the NFP I’m in and be a director. + +Thinking MBA will set me up for this, as well as help with networking. With the all lockdowns we may have in near future, I feel like I may as well study also +1. It has high yield. For example half a potato in the ground can produce 4-5 potatoes in a few months. 500% yield +2. There are no taxes on food you grow and eat yourself +3. Growing food and selling it is a great way to kick start a local bitcoin economy +4. The coming bitcoin softfork is called Taproot +It looks like the NSCC is changing language to remove a set in stone critical margin line of 30% of total portfolio value. + +According to the language here, if any unsettled position comprises more than 30% of the rest of a members portfolio, they need to make a liquidity deposit (margin call) calculated by some fancy schmancy formula. + +The proposed language would add one more equity position and give the NSCC discretion to arbitrarily decide how much of the concentration of the portfolio those two positions could represent before requesting additional liquidity (margin call) + +Help me out wrinkles I gotta get back to work. + +(My guess is they'll pair long and short positions together to make the bad bet look better) +To add, it is part of a chain and run by a family. I also work part time. + +Im assuming they're not doing anything wrong otherwise they could get in a lot of trouble. I'd just like to know why my wage is what it is. + +Edit: I've been working there for 2 years for those who are asking but I dont think that matters as others are saying you're still a junior until the age of 21 and so get less pay. + +This seems like its correct so thanks to everyone who replied and for answering my question in about half an hour. +Can anyone speak to their experience at/thoughts on exclusive members only social clubs? I live in a VHCOL city as a young adult and am considering joining. However, I’m not sure how much value I would actually get out of these types of clubs. + +I have a large social circle in my city so it’s not like I’m looking for new friends, but I can see it being a good way to enhance my professional network if I’m willing to step outside my comfort zone and truly dedicate the time to use the facilities. On the other hand, it might be an unnecessary use of money that I could otherwise invest. + +Spent some time researching online and couldn’t find much, so figured this sub would be a good place to ask. Thanks in advance. +I grew up in an upper middle class, but thrifty household, with the message of saving, saving, saving drilled into my head daily. We didn't spend money on luxury items, but certainly lived a very nice no-wants lifestyle. Money offered security - since you never knew if you were going to live to 105 and your savings ran out - or if a depression might come and take everything away (both of which actually happened). And so for the first 40 or so years, I too lived a nice upper middle class life, and saved and saved. + +Now I find myself in my 40s and retired, and my annual spend is 1.5% of my NW. + +I would love other's feedback who had to learn how to spend money, what internal messages they changed, and what they learned in the process. + +Let me be clear, I have a gardener, a housekeeper, a therapist (I don't see that mentioned here often), regular massages, an extra car, a second house, and typically do one or two international trips a year, so I'm not living some totally frivolous lifestyle. + +However, I would like to grab the 1st class flight to Europe, but when I see the price I wince, and just head on back to coach. I'll be sleeping anyways on the way there. Or when it is time to buy a new car, I buy the base Mercedes, instead of one double the price that has all the bells and whistles. Or that second house I mentioned, well it's modest, and not some cool huge house on the beach that I know I would never use, so why bother buying when you can rent (which I'll also second guess, when it's 10k a week and it's might just be me going there). + +My guess is that some of this is a fear of running out of money (since you never know!), but this has to be balanced against how long will I live (since you never know - I might die tomorrow). There is also some aspect that I roll with a pretty upper middle class community. No one I know has real money. In fact, many of them struggle to make ends meet. So there is a little guilt about ostentatious spending. The other thought that comes up, is that there seems to be a feeling that I need to spend my money; but that is just a societal pressure. I'll think more about that one. + +So fatfired people of reddit, that started modestly, how did you learn to spend more as your asset growth kept outgrowing your spend? +Hey, Reddit. I wanted to turn to you because I feel a bit lost and don’t have people in similar situations in my life that I can turn to. + +I’m in my early 30s living in a VHCOL on the west coast. Years ago, I set an FI target of around $3MM with a path to hitting it somewhere in my 40s. I’m someone that’s fairly frugal and loves to travel with some luxuries here and there, but nothing crazy, and wants to live in a major urban center (SF, LA, NY, etc.), and figured \~$100k a year would be absolutely fine for that. + +I’ve done really well in my career the past few years, and my compensation has gone up to match — I’m an L7 at a FAANG who cleared $1.4MM last year (expected to make slightly less this year with market fluctuations). I’ve hit my target far earlier than expected. + +From the outside in, it looks like I’ve hit the jackpot - I’m making far more than I ever thought I would in my life, I’ve hit my FI target, and I work at a job that most people would probably take in a heartbeat. + +But I feel anything but that. + +I really don’t enjoy my job anymore and feel intuitively that I should be doing something else entirely, but I have no idea where to start. This makes it so that I continue to stay in this job - because inertia and $$$ - gritting my teeth “while I try to figure it out,” which makes me feel more and more at my wits end. I feel like I’m stuck in a loop. And, I struggle immensely with this because I feel alone and don’t have anyone to talk to about this that can relate. + +I’m struggling with a whole lot: + +* Should I just try to grit it out for a few more years to have more of a budget longer term? +* How much is too much? +* What concrete steps can I take to figure out what’s next? Even if I were to RE, I feel completely lost with what I’d do. + +Would just appreciate any words of wisdom (either related to the above questions or more general advice) from the collective community here. Thanks for reading. +Alright all you Autists, heres your next YOLO that will print tendies this year. + +The Stock to watch is COB. For easy reading as I know you guys haven't passed 3rd grade reading I'll dot point the major points. + +* Located 23km from broken hill and with close proximity to the railway that goes to Port Augusta +* Only pure cobalt play on the ASX +* ethical cobalt +* Will be a top 5 global producer of ethical cobalt +* Pilot Plant finalised by end of February +* Partnered with LG Chem and Mitsubishi +* Low SOI +* Patented resource gravity separation technique +* production costs of USD 12/lbs +* Cobalt price expected to be between 25-30/lbs in the longterm +* Samples being sent out to customers at end of February +* Customers have been calling COB office, asking for samples +* Cashed up +* estimated 17 year mine life +* Have purchased more tenements Announcement 8/2/21 + +Cobalt is needed in all batteries, especially electric vehicles that will become common. Over half of vehicles sold in Norway in 2020 were electric. UK are seeking to eliminate the sale of new Petrol vehicles by 2030 Source: [https://www.bbc.com/news/business-54977010](https://www.bbc.com/news/business-54977010) + +currently roughly 68% of all cobalt is sourced from the Democratic Republic of Congo. The cobalt is mined using child labour and the country is not politically stable. Car manufactures and users of cobalt will look for ethically produced cobalt in the future and COB is primed to take advantage of this. + +Further Cobalt is primed to enter supply deficit mid 2021. The effects of this can already be seen with cobalt prices per tonne having risen from 31,700- 45,700 since January 1st of this year. Last time cobalt rose this much, it hit a peak of 92,000 and COB had a S.P of $1.60. The cobalt price subsequently fell due to over supply. We are now in a deficit so I would expect similar action to occur in the short term. + +A simple calculation of future value if all goes to plan + +&#x200B; + +https://preview.redd.it/zp9t4fht40h61.png?width=422&format=png&auto=webp&s=3435766267e4738c9002579a63e65bd60eb39413 + +This is it, the run is only just starting for COB who has been flying under the radar. + +There are a lot more points but it's a Friday and im ready to start drinking some Aquavit after a red Friday. + +If you Autists hate tendies then ignore this post DYOR +It seems like no one has noticed LGP (Market Cap ~87mn), possibly the best pot stock on the ASX. They just released the December quarterly with revenue of 2.45mn, receipts 1.86mn and positive operating cash flow of 853k. The prior quarter they did 1.29mn rev, with 1.44mn in receipts. Considering the only announced new contract during the quarter was a 600kAUD shipment to Germany (first medical cannabis company in AU to ship bottles to EU) a large portion of the December quarters revenue seems to be repeat customers. For comparison CPH did 700k receipts this quarter (MC 178Mn), CAN did 99k (MC 166Mn), AC8 13k (MC 54Mn). + +On top of the already shipped 2400 bottles to Germany for 600kAUD LGP has also entered into a three-year agreement with Berlin-based DEMECAN for the sale and export of up to 1,000kg of dried flower or 48,000 units of medicinal cannabis oil product per annum with the first commercial shipment due to be announced some time this quarter. They are also already exporting to both the UK and NZ. + +Over investor calls management has stated that there is no immediate need for any CR and even described the 600kAUD shipment to Germany as "immaterial", makes you wonder what is coming in the future. The company only went public in Feb 2020. + +Happy to hear what others have to say. 🚀🚀🦍🦍🌕 +As a result of new merchant integrations, as well as a structural shift towards online sales, online volume increased 315% in 4Q20 with total online transactions up 447% on 4Q19, with prudent credit controls continuing to be maintained. The strong online growth has been driven by whitegoods, discretionary retail, and home furnishings +Friends, comrade, fellow investors, lend me your ear. + +There has a been a question that has been burning in my soul for the past few days, as I stewed within the dark real during my ban, and the question is this: + +Who, amongst the mods, is the PERVERT? + +We have all seen the reference to various acts and feats of degeneracy. The LEAST of which are the casual, almost nonchalant reference to feet pics thrown around here and there. + +These things don't appear spontaneously from nowhere. Corruption, as we all know, begins from the top. + +So who is the source of this corruption? It's not plucky. This lingering taint is far too much to be just his influence. No, it's someone else. + +So who? + +I've wracked my brains. Tried to connect the dots, but whoever it is, has concealed their tracks and their perversion too well for me. + +But not from the sub. I call upon my comrades in arms to investigate, cast your minds and your memories to previous post, see if we can identify and drag out into the purifying sunlight the pervert that hides amongst the highest echelons of power here. + +WHO IS THE PERVERT? + +[View Poll](https://www.reddit.com/poll/oa6j7x) +Currently, $57mil EV for a company that hasnt even launched its product, questionable path to profitability. $6mil has been invested in developing the platform its EV now trading 9.5x that level with not a single sale or user established.The average EV/Sales for Australian fintech is 12.3, lets say Douugh with expected explosive growth that it can warrant an EV/Sales of 20. This would mean that at their current enterprise value, they need revenue of $4.63 million to be at a steep fair value for how undeveloped they are.Lets say their subsciption model is $10 per month ($120 annually), they would need 38,500 paid users. Lets say 15% of their userbase is paid users which is very generous, they would need 250,000 total users to have $4.63 million in revenue. To put this into scope, 250,000 users is about the size of Up bank (largest/oldest neobank in Australia) and their current advertising budget is only $2,700,000 with a customer acquisition cost of $37.05 (mobile fintech average) this would deliver about 73,000 users. The company has a promising business model and potential hence the interest, but clearly this is a huge pump with dump soon to come especially taking into consideration the uncertainty of the feasability of their business model, competitive landscape, tight margins (competing with free apps) and publically untested/unreleased product. + +Product is not overly revolutionary plenty of free personal budgeting apps & neobanks already available and far more developed. Director knows how to make a quick buck from investors, previously ran a company that was trading when it was insolvent for numerous months and paying himself a fat salary whilst doing so [https://ausdroid.net/.../30/yatangos-downfall-what-happened](https://ausdroid.net/2015/11/30/yatangos-downfall-what-happened?fbclid=IwAR0k7I-LGyAio7-VGmlBvOSkmVn7NGijKP6a2phoqPDwXGw-hCSVfNE1_MM). The company is paying base salary of $841,200 to management collectively right off the bat thats 11% of their cash balance and 14% of the capital raising with the company bleeding cash. Capital raisings targeted at retail investors using fintech buzzwords to generate BNPL like blind interest and using platforms such as Equitise to raise funds, additionally it publically listed just for seed funding. If it goes under 5cents, might scale into an entry, an EV of $25mil would be closer to fair value imo. +Aight retards this is some DD for your Monday morning. + + +QPM is doing a nickel refinery using a new process. You can read about it here: [https://www.qpmetals.com.au/dni-process](https://www.qpmetals.com.au/dni-process) + + +The tech project is in Townsville and QPM own the rights to use this process within 100km of Townsville exclusively. +They get all their nickel from New Caledonia and they've made that DNI process commercially viable. They two supply agreements for 15 year contracts with the New Caledonian mine with an option to extend. + +They're waiting on a definitive feasibility study to be done. + +I then read an article on pricing shares based off of NPV and I remembered that the NPV of a project is equal to the discounted future cash flows of the project. + +So, over the 30 year life of this project, the NPV of QPM is $1.47 billion AUD. They currently have 932.95 million shares outstanding. + +Based on the NPV of their project, this gives QPM a value of $1.57 per share. Account for a margin of error in the analysis of 25% (from QPM’s announcements), the target price for QPM will be $1.18 to $1.84. + +When factoring in that QPM have committed to at least doubling their production, the revised price target will be double: + +$2.36 to $3.68 per share. + +I am pretty confident with these assumptions, but as always, this is not guaranteed haha. +Anyways positions below: I'm buying this with as much spare change as I can muster. In for over 20k at the moment. Trying to get to $100k for this ten bagger. + + +Obligatory rocket emoji 🚀 + +https://preview.redd.it/edjrdoy4fbk61.jpg?width=521&format=pjpg&auto=webp&s=f98d9425155e33bba7ec9c90fa5de2be5672d267 +EDIT: Posting the link to the live stream AMA If anyones interested. Starts in 20 minutes + +[https://www.youtube.com/watch?v=o-erErXhqgw](https://www.youtube.com/watch?v=o-erErXhqgw) + +&#x200B; + +Hey folks, + +Rubic dev team just tweet this: + +[https://twitter.com/CryptoRubic/status/1357328675910410240?s=20](https://twitter.com/CryptoRubic/status/1357328675910410240?s=20) + +There is also an AMA happening tomorrow morning on their new youtube channel, so hopefully they will discuss this. The community has wanted them to shift focus a bit to L2 which was initially slated for Q2. This is big stuff. L2 will solve the stupid high gas fees. + +RBC under a buck is cheap :) + +EDIT: For anyone wanting to watch the AMA on their new youtube channel tomorrow, and or participate: [https://twitter.com/CryptoRubic/status/1357375112337498113?s=20](https://twitter.com/CryptoRubic/status/1357375112337498113?s=20) + +Cheers! +I’m in my mid 30s. Drug use and gambling really destroyed my finances and credit in my 20s. My current score is 500. I’ve been sober now 3 years from opiates. Yay me. + +1) Inherited 25k. Opened my first normal checking account in years. I then opened a credit karma account and checked my annual credit score from all 3. Paid off any debt that was still on there. This totaled around 4k. My old debt from my 20s is no longer there. There may be a judgement but I haven’t gotten any mail from them since 2017 so unsure if I should even contact them. This judgement is from a debt back in 2009. It is a 10k debt. Maybe contact and offer a settlement? + +2) I still have two student loans that total around 50,000 from when I was just getting out of high school. I haven’t called them yet but I plan to. Still worried one day I’m going to wake up with my bank account frozen. + +3) I work as a painter making roughly $150-200/day. + +4) I plan to move to my grandmothers trailer. It’s now in my mothers name. It’s paid off, but there is a land fee of 700/month plus propane and a few utilities. My father, who has a 820 credit score has agreed to co-sign for me. The only caveat is he wants a year in rent in advance. There is no risk here for him screwing me over fyi. I understand his demand based on his trust in me from things i did in my 20s, and while it sucks it will be nice to not have rent for a year. + +5) Applied for secure credit card. First one got denied lol. Waiting on response from the second. Should I just go to a credit union? Open sky is an option, but I’ve heard I could wait a long time to receive the card. + +6) The other thing I was thinking about was seeing if my father could add me as an authorized user on his CC. Does this work to boost scores? + +7) The only “want” thing I bought so far was a new phone and some clothes. This has totaled $1000. + +Thanks in advance! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +Recently had a large capital gains event and would like to gift some money to my parents. + + +According to nerdwallet, you can only gift $15k per person, per year without needing to file any tax docs or use up any lifetime tax-free gift limits. Ideally my goal is to give my folks around $100k, which can be spread between Dec 2020/Jan 2021 into 2 tax years if it needs to be. + + +I was thinking would it be possible for example to have ME give my father $15k and then give my mother another $15k, then have MY WIFE give $15k to each of them as well, adding up to $60k in tax-free gifts for 2020. Then do the same thing for 2021. Or is that something that might set off red flags and get them audited. + + +Also, are there other better ways to do this? + + + +p.s. Yes, I plan to approach my accountant about this, but want to come in with some ideas. I find accountants are hit or miss and often only know what they've been exposed to themselves. It's possible I need to find a better one. +I’ve been day trading stocks for about 2 years now, and I’m still struggling find consistency in profit. What was your experience like during the early stages of trading? How much did you lose before getting good? How long did it take? + +My current strategy is scalping mid-large cap stocks (usually tech) using key levels of the day. I’ll trade news, earnings, and economic calendar. + +Thanks in advance for sharing! +Saw a guy thousands of upvotes and awards for trying to use Market cap to explain things. The thing is he used it incorrectly. + +I’m going to go ahead and explain how it actually works. + + +EDIT: I have went ahead and added a non-Dogecoin example of this to show this applies to all crypto - not just Dogecoin. u/RFV1985 assisted with providing non-Dogecoin example + +market cap comparisons can be applied to any cryptocurrency- however he and many try to use it to discredit Dogecoin as an example - so will I and you how to correctly use it. + +First - let me clear up some misconceptions that the guy used in his post + +1) Economically speaking Dogecoin can rise to whatever value the market dictates based off of supply and demand. As long as demand out paces the supply then the value will rise. - this apples to all cryptocurrency + +2) Mathematically speaking market cap = price multiplied by supply +MC (Market Cap) = P (Current Price) x S (Current Supply) HOWEVER - This is economics- not pure straight math. The order is important - The price or supply have to change FIRST - and THEN you get the market cap. + +3) YOU CANT CHANGE ADD OR DECREASE MARKET CAP TO GET A DIFFERENT PRICE - MARKET CAP IS NOT A MANIPULATABLE value you can only change the price and supply. The price and supply change the market cap - completely different. The reason for this is because Price and supply are independent variables and market cap is a dependent variable. What this means is that supply and price can increase or decrease independently, but market cap cannot. he cannot mathematically say price = market cap / supply and then try to change market cap to change the price because market DEPENDS on the price and supply + +4) *MARKET CAP DOES NOT MEAN TOTAL AMOUNT OF MONEY IN THE SYSTEM - A 6 billion dollar market cap does not mean there’s 6 billion dollars in the system. It means that the entire supply is “worth” 6 billion at the current price. people get confused so I wanted to clarify that. Simply adding money to the system does absolutely nothing to affect market cap in the same way it does not necessarily change the price/demand. The only two variables that change the market cap are price and supply nothing else can change the market cap. + +5) People use the “unlimited supply/infinitely being mined” argument as a way of saying the supply will continue to increase and therefore the market cap will continue to decrease and therefore the price is unsustainable. That is completely incorrect - yes there are 5.25 billion per year - but when taken into perspective with fiat currency - this number is extremely small. Dogecoin is indeed inflationary, but in the span of human life, Dogecoin is not infinite. In order to have an infinite supply requires infinite time. It would take 360 years for the supply to reach 1 trillion dollars. Which is less than the total supply of the US dollars fiat paper supply - for comparison. + +I will take this guys original point and explain it correctly. - his point is that based on market cap Dogecoin cannot hit $10 or 100. He used market cap Incorrectly when making his argument. + +I also see people asking what’s stopping Dogecoin from going to bitcoin levels? Well, The short answer is the supply of Dogecoin is high relative to the supply of bitcoin. Dogecoin has a current supply of 128 billion, which is why the price is lower and harder to change in value. It is easier for bitcoin to rise $1 in price because the supply of bitcoin is so low and the supply of Dogecoin is so high. It doesn’t mean that Dogecoin can’t rise in price - just that it’s harder. + +This is the long answer. +First, It is important to note that demand does not necessarily equate to adding dollars to the system in 1 to 1 ratio. Demand can increase without ever having to add money into the system, however, adding new money into the system does help. I see people saying Dogecoin requires X million dollars per minute to account for the increase in supply. That is just completely wrong, and not how demand works. Increased Demand just means more people willing to trade Dogecoin at a higher price than people willing to trade at the current price. No net increase in fiat currency needs to be added in order for demand to increase. + +Despite not having a capped supply, using the current supply known, as well as the mining rate to account for new coins entering - you can make comparisons to other cryptocurrency to get an idea of the demand required in order for Dogecoin to reach a certain price. The way to do this is through market cap comparisons + +Market caps REAL use is a comparison tool. It’s used to compare how successful a market is compared to other markets. + +If Dogecoin were to reach $1 today it would have a market cap of about 128 billion dollars ($1 x 128,495,957,919 circulating supply). Bitcoin (the most successful cryptocurrency) currently has a market cap of approximately $898,761,019,333 (~ $900 billion). This means that at $1, the total supply of Dogecoin would be “worth” about 1/7th of Bitcoins total supply. + +The take away from this comparison is that in order to reach $1 Dogecoin would require approximately 1/7th the current demand of bitcoin due to the differences in supply between Dogecoin and bitcoin. This is definitely not impossible, and an achievable goal. If Dogecoin were to reach the demand bitcoin has currently - its price would $7. Since bitcoin is the highest performing cryptocurrency, $7 dollars is the most realistic possible goal at current market conditions. Anything past $7 dollars per coin means that Dogecoin is reaching uncharted territory for cryptocurrency as it will have surpassed bitcoin. + +Now for the hypothetical extension of this comparison. Everything after this point is hypothetical since we don’t have a true comparison available in the market + +The estimated supply of the US dollar is about $2,000,000,000 (2 trillion), thus the market cap of the US currency is $2 trillion. If Dogecoin were to reach the equivalent market cap ($2tn / $128bn), the price per Dogecoin would have to be $15.60, thus matching the entire short-term US currency (M0 money supply in economics). + +This is definitely not impossible, but it is highly highly improbable to reach such value any time soon. If that were to ever happen, it would take years. Now, the entire supply of the entire worlds fiat (short-term liquidity / paper) currency is $37 trillion. You can apply the same logic from above and see that the value of Dogecoin would have to be $288.60. If it was valued any higher than that amount, Dogecoin would be "worth" more than the entire world’s short-term liquidity currencies combined. It could technically go past this point, but what that would mean is that the economy behind Dogecoin would be stronger than the entire global economy of today. At that value you wouldn’t even compare it to the dollar anymore because it already surpassed all fiat currency. It’s not impossible- but is is highly unrealistic to pass that point. It is important to note that this number is not static. Which means if the market conditions change such as an increase in supply or change in price the numbers will change. + +Here is another real world example: - not mine but I wanted to add it case it gets lost in the comments + +Thank you u/RFV1985 +This can also be explained with a real world scenario. + +As of the time I’m writing this, I am going to pick a low ranking alt...let’s use SPI (ranks #300 on CoinGecko). It has a $132M market cap. + +If I go to KuCoin, I see it currently trades for $141. Based on the order book, if I were to place a $1k market buy order, the price would then immediately jump to about $144 based on the supply of the order book. So my $1k market buy order drives the price up by $3. So I effectively increased its market cap by ~$3M with just a $1k order. So clearly, market cap does not equal money in the system. + +That is how you CORRECTLY use market cap + +Thank you for coming to my Ted Talk +**UPDATE here**: [https://www.reddit.com/r/AusFinance/comments/dgpww7/update\_sister\_bought\_car\_she\_cant\_afford\_not\_even/](https://www.reddit.com/r/AusFinance/comments/dgpww7/update_sister_bought_car_she_cant_afford_not_even/) + +&#x200B; + +My sister (19) made a mistake because she was pressured and didn't understand how loans work (not financially savvy). + +She needed a new car to get to work as her old car got totalled (accident was not her fault). She asked the dealer for cheaper cars around 5k or so. But apparently he just kept showing her expensive cars. And he's got into her ear saying she can just get a loan, she can pay $50 a week, it's better in the long run, blah blah blah. + +She has a casual job, and hardly has 2 shifts a week. Over half of her weekly pay goes to paying rent (she lives with mum and bro). She doesn't make enough to even get taxed. She already has some smaller debts to pay (loans from other people). She is trying to save up to continue going to TAFE. She has so many other important things to pay for... + +So in the end, she's given in her totalled car plus a deposit of around 2.5k to the dealer, for a car that they sold to her for around $20,000. + +They say now she legally "owns" the car and it's in her name. But somehow they sold her the car despite her NOT having approval for a loan. She hasn't applied for any loans, and I highly doubt she would be approved for any loan from a bank. They told her to go to her bank, because they're "more lenient" than them (the dealership). But she's come back and said she's not eligible for a loan, and now they're saying she can easily get a loan with them... + +But that doesn't even matter - it's not about whether she can get a loan or not. She can't afford a loan to begin with! It's the worst decision for her right now! + +The dealer said she can trade down to a cheaper car, but she would still have to get a loan, because the cheapest cars they have are around 10k. She has no savings, only the deposit they have. + +I'm trying to think about what the best course of action is for her. + +She *might* be getting a payout (another story, domestic violence payout), which would be enough to pay off a car for around 10k without a loan. However, given her current circumstances and debts, it's still not a good idea for her to spend a large portion of the payout on a car (plus, at this point it is not guaranteed she will get it, it is still in process). + +My thoughts on what she could do: + +* Call ACCC and see if there's any options there (recommended by dad) +* Try and see if she can sell the car somewhere else and pay the dealership outright without a loan. Start back from square 1 of buying a car (but it's very possible this would be at a loss, so not preferable). +* Trade down to a cheaper car, but then she still has to take around 10k loan.. use her payout money (which is not guaranteed.. so could be stuck in a high interest loan from the dealership). +* Of course, she can try to improve her financial situation (get another job etc.) but I don't really see this happening; she hardly got the job she has now, and her life in general is rather unstable, she has a lot going on. And even so, just having the loan really isn't ideal... + +I don't know what else she can do... I just don't understand why they let her put down a deposit and, from what they've said, apparently she legally owns the car now, when she wasn't even approved for any loan yet. Plus they knew her financial situation (she gave them her employment info and so on), it's clear she would struggle to pay a loan. I mean I know they don't really care about that as long as they make money but it's just so unethical. + +Does anyone know what she could do? Is she just gonna have to trade down, get a smaller loan, hope for the payout and if not, just pay it off? Is there no better option? + +edit - I replied to some comments here from my other account by accident. "throwawaycosimdumb" is me ;P (name speaks for itself) +Hey everyone, + +I know owning a dog can change your life but how expensive is dog ownership here in australia? It is not commonly discussed and I'm wanting to hear from all of you that have a dog/pet. + +I'm wanting to get a toy poodle puppy (8 weeks old) for our family. 2Adults 1Child. + +So far the dog + some upfront essentials (food, leash, carrier, insurance etc) are gonna cost around $4k. Is this justifiable? What else do i need to look out for and approximately set aside each year towards pet ownership? + +Also any tips towards making life easier for myself as a first time dog owner? + +I look forward to hearing from all of you. Cheers! +I have around $200,000 in my Coinbase account, yet I have been locked out of it and unable to login for 3 months now. I have written 6 emails to Coinbase support, and only get back auto-responders and platitudes e.g. "We will look into this and get back to you soon." And then nothing. I even reported this to the BBB based on suggestions I saw online, still nothing from Coinbase. + +What recourse do I have? Is there a regulatory or law enforcement agency I can contact? This is theft! +>**📝 Introduction:** + +A lot of people who are active on the GameStop related sub-Reddits ( r/GME, r/Superstonk & r/wallstreetbets) have been receiving messages from new Reddit accounts offering them money in-exchange for posting about other companies. Here's the message that I received (un-edited): [**CLICK HERE**](https://i.redd.it/x2i9y5o4blt61.png). + +That's actually the second time I've received that message in the space of this week. The first time I received it, I had a karma of around 2,500. I ignored it then as a spam/flood but this time around, I scheduled a call to find out more to expose the company and the new FUD tactic that is being used by the shills. + +&#x200B; + +>📱 **The Call:** + +I received a call from a lady, who worked at the company. She told me that one of her team specialists had noticed me on Reddit and thought I would be a great fit for them, to post DDs regarding companies that they work with. These companies were from all walks of life (ie: the tech sector, biotechnology, pharmaceuticals, 420 companies etc). + +I would be allowed to choose any company from their list of companies and all I would have to do is conduct a due diligence and post about my findings on Reddit (in the sub-Reddits mentioned at the top). + +I was told that to start, I would be paid **$100/per post** on Reddit **up-front**. Keep in mind, my karma on Reddit was a barely 2,500 at the time of the call. It was also mentioned that when/if my posts attract a lot of attention to the companies I post about, the $100/per post figure would increase drastically. The way the payment works is that the company sends me an invoice on PayPal, I sign a contact that says that I will need to post on Reddit etc. and once I sign, the payment will be made to me before I make the DD post about another company, in one (ideally all) of the GME-related sub-Reddits I am active in. + +&#x200B; + +>🚀 **Take Away:** + +To put it mildly, the Hedge Funds are so utterly fucked that they are now paying Reddit users over **$100/per post** to distract all of us away from GameStop. Distraction seems to be their weapon of choice now. Be that in the form of pumping DogeCoin and having that all over the headlines or simply having influential Reddit users on these sub-Reddits posting about different companies entirely, so that people forget about GameStop. + +Guess fucking what? + +**WE ARE NOT LEAVING. I AM NOT FUCKING LEAVING. YOU AND I ARE GOING TO HOLD HANDS AND SIT NEXT TO EACH OTHER ON THE MOTHERFUCKING ROCKET SHIP AND TOGETHER SAY,** + +**“That's one small step for the financial system, one giant leap for the Apes”.** + +&#x200B; + +PS: I know there is a similar post like [**THIS**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/) on here but it seems like that Ape didn't include nearly as much information. I'd still like to give them the credits though for being the first. Ape only show kindness to Ape. + + +&#x200B; + +>**EDIT:** + +So many people saying that I should take their offer, to simply pocket the $100/per post and buy GME with it instead. Fuck them using their own money, right? Well, no. If I were to do what they're asking, I would effectively be posting about companies I do not believe in. This could lead a random person into trusting me and my DD and putting their money into a company that is apart of their pump and dump. I'd rather miss out on the $100/per post than backstab a fellow community member by providing them information about a company that doesn't stand a chance. Sorry but no thanks. GME all the way 🦍 + +🚀💎🦍 +I'm so angry/happy/upset/tired that I don't even know why I'm writing this post. I just want to share it with someone and sadly I don't know anyone involved in crypto. + +When CRO sunk, I sold my $ 10k worth of CRO and bought LUNA. I was already at loss but somehow I saved 10k. Before they were 20k. CRO was 50% of my whole portfolio. + +Yesterday my 10k became 2500$. I was shocked that 20k became 2.5k just because someone decided to make a mess. I have no problem with normal fluctuations, I invest in crypto since 2 years and I don't panic when the market is not bullish. But man, cro and Luna did a mess because of their owners! It's different! + +I never did margin trading. I always just bought and hold relevant projects. My initial and only investment was 400$ 2 years ago, I'm not rich and all my portfolio was built by holding. + +I decided to take 1250$ and use it to short Luna. It was worth 25$. I went to sleep and this morning it was worth 15$. I was so happy for few seconds, then I realized that I got liquidated during the night so I actually lost all. + +I ended up with my last 1250$. +Luna was still falling. I decided to put everything and short it again. +It went down to 9$, I took profit and short it again by reinvesting everything (previous profit included). + +It went down to 6$, I took profit and short it again everything I had. Now my liquidation price was 6.1$ + +It went down to 4$. If I sold, I would take back almost everything I lost. I decided to wait, I suffered to much because of this mess and I deserved to get a full refund. + +It went up to 5.5$. I started to panic. Just few cents and I would get liquidated. You'll never believe me, but for few seconds it went up to 6.15$, I throw away my phone thinking I got liquidated, but for some mysterious reason it didn't happen. + +I checked back my phone after 1 hour. LUNA was now worth 2.90$ and I realized I didn't get liquidated! I closed my position and thanked the Gods of crypto. + + +I'll never margin trade again, I'll never invest in shady projects, I'll keep investing in btc, ETH and few others like I always did before. +While educating myself about options, I have decided to research some concepts in-depth. This includes reading about the history of option pricing, derivation of the Black-Scholes and Binomial Option Pricing models and finally coding a toolbox to automatically evaluate any equity option. Even though, I am more of a robotics and machine-learning guy by day, I enjoy doing some financial coding after hours. + +https://preview.redd.it/z7pp8p7y8ls41.png?width=640&format=png&auto=webp&s=8d94a19491c75e797e9be239ac846d39805e3f01 + +Please take a look: + +[https://dtransposed.github.io/blog/Option-Pricing.html](https://dtransposed.github.io/blog/Option-Pricing.html) + +Happy Easter everyone! +So I'm approaching my first 100k. I should hit 90k by mid November, so I'm hoping I hit 100k before my 33rd birthday. Not gonna lie, it's been a fairly difficult road. + +Please, to all veterans of FIRE, please God tell me the next 100k is easier +In a weird way, isn't it great for a little market dip to happen when you're in your mid 20's? Personally, I'm loving the extra shares my 15% 401K contribution is purchasing. Also DCA'ing $SPY every month in my brokerage account. I know times are rough now and there's future uncertainty, but head down and keep on moving. Eye on the prize! +This is really for a friend but long story short is they passed their driving test 6 months ago or so and shortly after got a car and insurance. They got recommended a broker ([https://www.broadinsurance.co.uk/](https://www.broadinsurance.co.uk/)) which apparently can get cheaper insurance for a fee of c£300. The insurance was with admiral and admiral sent an email asking for confirmation of the information for the policy. They called the insurer confirming some minor changes in the policy (car purchase date wrong by a month for example) but nothing major. + +As of today they received an email saying that the information provided was incorrect and the policy was to be terminated immediately. They had the following in the email: + +&#x200B; + +*The Admiral Group, which includes Admiral, Bell, Diamond, elephant and Gladiator, does not use brokers and does not authorise brokers to sell our policies on our behalf or facilitate the sale of our policies. When we were contacted for a quotation we asked several questions in relation to these details. We then recorded the answers given and sent you a copy of this information. We asked you to check this, and tell us if any of the details were wrong. You did not make us aware of any changes and we continued your insurance based on your answers remaining the same. As we have no other way of assessing the risk you asked us to undertake, we relied on your answers to these questions. It is important we hold accurate details, as any misrepresentation of information can result in us cancelling or voiding your policy.* + +&#x200B; + +Now the information that was sent to my friend was in fact correct except for those minor changes which he quickly corrected. He called admiral after the email and asked what the difference was. They claimed that a named driver had been put on the policy (he did not do this and nor does the information show this to be true) and a NCD was stated resulting in a much lower premium. They said this information was used to get a quote for the policy which is how it went through. However, he obviously had no idea of any of this as the info he received was correct. We are thinking that they must have used false info to get the quote, changed the info at a later stage and hoped that admiral did not notice. + +Now the policy is cancelled and admiral are refusing to listen to why this has happened or his side. He would now have to declare that he has had a policy cancelled and obviously the insurance cost is more than doubled. + +I'm not sure of the next steps here, but I've advised he calls admiral again, contact citizens advice and immediately speaks to the broker with an audit trail. Any advice would be great. + +&#x200B; +Hi there. Just wondering if anyone has been in a similar position and I could do with some advice! + +I'm a student finishing my masters, and have been on the hunt for a job when I graduate. I'm lucky in that I have had two good offers- and looking for some outside perspective on options. + +Option A: salary of ~£50,000. The job is client based so the company also pays for accommodation and expenses 5 days a week. After speaking to current employees, most say their own personal expenses are so low that almost all the take home wage can go into savings. +However, they also say- the hours are long, its impossible to get into a routine and after 3+ years are feeling very burnt out. The employees over the age of 25 looked fucked. The fresh faced grad recruits seemed to love it though. + +Option B; Salary of ~£26,000. Although rising to ~40,000 after 2 years. This job is office based, and has flexitime available. Most people finish work on a friday at 12 and the entire office seems to head to the pub. After meeting employees they all seem to love the place- even after working there for 10+ years. (I should add that rent price near here is fairly high) + +I'm really taken with Option B, as travelling around all the time wouldn't be great for my mental health (I don't think)- but I just can't get past the crazy money of option A, especially as my first job out of Uni. + +Has anyone here sacrificed a high wage for a more structured routine? Or vice versa. Any advice would be much appreciated. +No more free lunch for Robinhood. They don’t deserve the free marketing from this sub. + +How much traffic has WSB generated to Robinhood? What has Robinhood done in return? + +- Prevent buying of stocks WSB favors +- Allow selling of stocks WSB favors +- Change the margin rules halfway through the day and then use that as an excuse to forcibly sell people’s positions in GME + +This company does not deserve this user pipeline. Ban all Robinhood posts/screens. +If you are only given one parameter, price p, every 5 seconds, How effective of an algorithm do you the ***you*** *could come up with under the condition that you* want to maximize profit but also want to achieve the fastest runtime possible. How few steps could you use? +I've seen a lot of people here simply thinking that "THIS TIME IS DIFFERENT", and that we won't have another bear market. Or if we are going to have another bear market, it isn't going to be like the previous ones. Well, let's dissect this... + +"THIS TIME IS DIFFERENT": yes, you are right, this time is indeed different. For the first time we have institutions buying Bitcoin, we have big companies buying Bitcoin, it is getting a lot of mainstream adoption. But don't ignore the fact that there will be a point where most of retail is going to FOMO into Bitcoin, filling the market with "weak hands", while the "strong hands understand the long game, and understand that it comes to a point where it is unsustainable growth. + +We see this already in Grayscale. Grayscale hasn't been buying BTC for the last month. Their 30D change is actually -545 BTC (Don't worry, they sell to cover fees and other things, they are not dumping). So what we are currently seeing is a slower institution adoption. Institutions are not going to FOMO in. They let retail do that, and then they wait for us to panic. + +I see soo much shilling on the daily discussion, it is obnoxious. Mostly because I know that this is short term. All those coins that are today, tomorrow, next week, pumping 100%, will be tanking 95% before you finish saying "DIAMOND HANDS". Believe me, everything is sunshine and rainbows when we are in a Bull Market. + +We will have another Bear Market. Sorry for breaking it to you. But let me explain my thesis on the Bear Market: + +There will be a point where institutions are going to stop buying BTC, they know that we are due a correction. They have their positions already, and now they are just going to be patient. Retail is still going to be on the mindset of "THIS IS IT, WE ARE NEVER GOING DOWN. BUY BUY BUY". Price shoots up. A lot of people are making life changing wealth. A lot of people are going to buy the top. Price starts dropping, like we've seen in these past days. A lot of people are going to panic. They sell at a loss. People are going to buy the 30% dip because it is "normal" (and it is). But it keeps dipping. + +WAIT, I CAN'T PAY MY RENT! More people that bought the dip with money they couldn't afford to lose have to sell. Long positions keep getting liquidated. Price keeps moving down. It's not looking good. + +Now the market is driven by fear. A lot of people are selling. Institutions aren't (probably). And a very small percentage of people that were screaming "DIAMOND HANDS" in this bull market are now shaking, and selling at a huge loss. The bear market is in progress. Institutions will be buying again. And HODLers too. + +This is my thesis. What is yours? + +This is why I mainly stick with coins that already have had that institutional adoption that I am talking about, and I am not looking for the next "LOW CAP GEM 😱🚀" + +Have a great rest of your week. Remember to keep your mental health in check! +Neo-Fisherists are looking to validate their beliefs as Turkish president and central bank are the first to apply this economic model, which many call “Neo-fisherism”, in real world. + +Erdogan’s goal is simple though not simple to accept and understand: “We are going to achieve low inflation with low interest rates.” + +It implies that low interest rates cause inflation to go down. + +That’s exactly what Neo-Fisherists say. (note that the opposite is true as well: high interest rates = high inflation) + +Hmm. + +The roots of this idea come from the Fisher equation that many are familiar with, which states that the nominal interest rate is equal to the sum of the real interest rate and inflation. + +r (nonimnal) = R (real) + inflation \* + +One of the most basic beliefs of economists is that if the central bank lowers nominal interest rate, inflation will increase and the real interest rate will decrease. But what if real rate of return is pretty much fixed in the long run meaning that no matter what the inflation rate is and what the central banks around world do, the real rate of return on safe short-term investments averages about 1-2% over the long run. The neutrality of money in the long run is widely known assumption in the economy world. + +That’s where Neo-Fisherism comes in play. The central bank may influence the real interest rate in the short run, but over time it will revert back to its equilibrium level. Then, in order for the equation to hold, inflation has to go down if nominal interest rates are kept at a low level. For example, let’s say that the fed funds rate (key rate of American FED) is 0.25%. if real rate of return on safe investments is 1%, the only way to get 0.25% nominal rate is to add a negative number, in this case inflation, -0.75%. Arithmetics. + +I find this theory interesting though experimenting with it as we can see may be “too risky”. On the other hand, Japan has struggled to lift inflation rates despite 20+years of money stimulus. We may add European countries like Sweden and Switzerland that had negative interest rates for many years despite QE policies. + +So, is it possible that the whole world has been following a “not so good” formula and Neo-Fisherists (including Turkish government) have their say or they are just purely lost? + +Also, what is your take on USD/TRY in the short term? Looks like macro factors are not looking good for TRY. + +\* + +(To those who do not really understand what this equation means. Imagine that your friend wants to borrow $100 from you and gives you a piece of paper saying that he will pay you back $100 + 10% interest 1 year later. 10% interest is nominal rate in this case. Imagine that inflation rate is 2% per year. Basically your real rate of return would be 8% as inflation eats that 2% (10% - 2%). if you sum 8% (real rate) with inflation (2%) you get nominal rate of 10%, which is exactly as I wrote formula above) +Brainstorming some ideas and this is what I came up with. Its a mix of Larry Williams Bailout exit and Rsi 2. A quick 30 trade backtest netted me +158 pip + +We use fixed Lot sizing + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Daily Bars. + +HalfTrend Indicator (amp 4 dev 2) + +RSI (2 period , 85 15 levels) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +For a Long + +HalfTrend is Blue. RSI crosses x < 15 (but candle does not go more than 1/2 way to the lower band.) + +Buy on candle close (or next candle open) + +SL is the lower band + +TP is Bailout method =Exit first profitable close (min 10 pips) + +&#x200B; + +[example](https://preview.redd.it/267uacf7zu081.png?width=1902&format=png&auto=webp&s=6d7cb1566ceef2c2796915f16d2a51c5ed3c87f5) + +&#x200B; + +&#x200B; + +[Price retraced too deep. Not enough room for a reasonable SL](https://preview.redd.it/ucqnoh3ezu081.png?width=1869&format=png&auto=webp&s=8e6f6c72c7dfda2edb0600682f32f26c7a3c5bef) + +&#x200B; + +For a Short + +HalfTrend is Red. RSI crosses x > 85 (but candle does not go more than 1/2 way to the upperband.) + +Sell on candle close (or next candle open) + +SL is the upper band + +TP is Bailout method =Exit first profitable close (min 10 pips) + +\----------------------------- + +Can anyone show me this is not profitable? +News on DailyFX that Oanda is being investigated by NFA for failing to have enough capital and violating AML rules.. + +[https://www.dailyfx.com/forex/market\_alert/2021/03/11/Buyer-Beware-Why-Retail-Traders-Should-Carefully-Consider-Their-Broker.html](https://www.dailyfx.com/forex/market_alert/2021/03/11/Buyer-Beware-Why-Retail-Traders-Should-Carefully-Consider-Their-Broker.html) +I feel that most traders think that they need the best of indicators, super complicated strategies in order to profit from the market. Bear in mind that these tools can only do so much in helping you put the odds to ur favour. Ur profitability ultimately boils down to ur trading psychology as well as risk management. Stop finding the holy grail because there isn’t one in the first place. Make trading simple and trade based on logic because what the market will present you is totally unpredictable. have faith in ur strategy and profits will follow suit. +Good evening/morning depending on from where you're from. I've gone through baby pips and the udemy course. Watched and obscene amount of you tube videos. I feel as though I have and okay grasp on the technical aspect, I can tell I've only got a minimal grasp of it but definitely enough to lose my all my money. So far my demo account is in the negative but, I only just decided on a system that fits my personality. I'm currently using the ichimoku cloud 1hr candles and checking 30min and 4hr time frames to finalize and fine tune my entry. + +So, what I would like to know is. I've only heard mentors mentioned on reddit. But it seems mentors are something that people use judging by the communities of gurus who get people together to call out trades. + +Is it usually recommended to have a mentor? I've been considering trying to get a forex discord channel started maybe separate channels into trading systems? Are there any open groups to join or discord channels to get into? It's the weekend now and i find myself biting at the bit for forex stuff and of course no trading on the weekends. I feel like I've run out of relevant info I can get off of "sell your training course people". What should I do while I wait for Australia to open on Sunday? + +BTW you people are awesome and I enjoy going through the posts and getting fresh perspectives on my new found joy of testing strategies and throwing fake money away. +S&P 500 closes at new record as chipmakers get a boost from US-China trade truce - https://www.cnbc.com/2019/06/30/dow-futures-surge-220-points-at-the-open-after-trump-and-xi-agree-to-not-impose-more-tariffs.html +I've read the Trinity study and I've seen the historical evidence of the stock market generally trending upwards. + +I want to believe that I can rely on index funds, but I am looking for reassurance that everything won't just disappear (and yes, I understand the importance of diversifying, lazy 3-fund portfolios etc.) + +Does anyone have any articles or sources explaining why the stock market would just have to continue to grow (albeit slowly) in the future? + +Thanks! + + + +Edit: Came back to this post to see 163 comments! Thank you everyone for everything you've added to this conversation. I think it's easy to invest blindly but nice to take a step back and think about why investors behave as they do. + +Edit #2: Wow. I kind of feel like a celebrity for getting this many responses. You guys are awesome and inspirational. Thanks for helping me look at this differently than I had before! +I have created what I think is a formula for working out if it makes economic sense to buy an electric vehicle. You can find it below: + +[https://i.ibb.co/DWbYLSb/ilod-ev-formula-121750717.png](https://i.ibb.co/DWbYLSb/ilod-ev-formula-121750717.png) + +The way to think about whether an EV is worth it or not is to consider the EV premium, which is the difference between the higher cost of the EV and the cheaper internal combustion engine (ICE) car. So for example, the MG ZS EV costs $42,990 whereas the petrol version MG ZS is $21,990, so there is an EV premium of p = $21,000. When you pay for this EV premium, you are effectively putting this $21k into an investment that has a return (r\_E) which needs to be compared to the return of other investments. For example, suppose you buy an EV and spend and extra $21k and from the fuel savings etc you make 3% per annum returns (r\_E = 0.03). If you believe that DHHF or VDHG has an after-tax return of over 3% then you would be better off buying the petrol MG ZS and putting the EV premium of $21k into DHHF or VDHG. + +Another key consideration is the battery depreciation. The EV premium is mostly a battery premium. The investment you are making is mostly in the battery. This battery has a return that you get from having access to energy in the form of electricity. Energy in the form of electricity is much cheaper than from petroleum. However, the EV tax and battery depreciation needs to be considered as well. + +Looking at the MG ZS vs the MG ZS EV, the fuel economy of the MG ZS is 7.1 L per 100km and the petrol price is assumed to be $1.75 per litre. This means that every 100km you drive you are spending $12.43 in petrol. + +However, for the MG ZS EV, the energy efficiency is 17.1 KWh per 100km and the cost of electricity under the Powershop EV Plan is $0.18 per KWh, which means that every 100km you only pay $3.11 in electricity costs. However, add in the EV tax of $2.50 per 100km and battery depreciation of $4.29 per 100km assuming battery life of 350,000 km and battery replacement cost of $15,000 and the EV cost is $9.89 per 100km, which is still cheaper than the $12.43 per 100km from the petrol car. + +Because costs depend on the distance you drive, whether it makes sense economically to drive an EV strongly depends on how much you drive. The more you drive (especially over 25,000 km per year) the more it makes sense to get an EV whereas if you drive under 25,000 per year, it starts to make more sense to drive a petrol car. + +Something else to consider is that when you pay for petrol, you pay for it using after-tax money whereas if you put the EV premium into getting an electric car, the lower cost per 100km you get is tax free. You need to compare the return from paying the EV premium against the after-tax returns from an alternative investment e.g. the after-tax returns of DHHF or VDHG. + +If we assume that you drive 25,000 km per year then the MG ZS EV costs $2,473 per year whereas the MG ZS costs $3,106 per year. Given the EV premium of $21k this means the return on the EV premium r\_E = 0.0301 or 3.01 percent. + +A major uncertainty is the battery depreciation as it is difficult to know the battery life and battery replacement cost. + +Let me know what you think of this or if you think there are any mistakes or anything I have not considered. +So my role was made redundant today (although I don’t believe that it’s not required anymore) as part of a much publicised restructuring initiative. I don’t have a big redundancy package either, might only cover me for 2 months. + +I’m already hitting up my network for a new role (hoping I won’t need to get desperate and take a step back in role & salary). Is there anything else I can do? + +I think Newstart Allowance might be an option to have some extra cash flow. I’m also thinking of putting the spare bedroom on Airbnb although not keen on doing this. + +Any tips or suggestions to help? + +P.S: I’ve never had this situation in my life and have always been an overachiever so this is new territory for me. +&#x200B; + +https://preview.redd.it/ny3w2lu4jsn61.png?width=1529&format=png&auto=webp&s=cc3df0ce2db2da8887c26f3de150a1d2e3bee790 + +&#x200B; + +Hello all, + +I encourage everyone to join the CAPC Shareholder meeting and learn more about the company. They are on the verge of mass distribution for its proprietary Smart Mirror. It is the only mirror to have Thin Cast (screen mirror your android/ios phone directly to your mirror), at a cost that is 1/2 of the nearest competition. Capstone Smart Mirror is less expensive, and a better technology than any other Smart Mirror in the Market. + +&#x200B; + +Today should provide us with more detail on shipping, and an overall update on the status of the launch and plans for the company. + +Thursday, March 18, 2021 + +📷 + +11:30 a.m. Eastern Time + +📷 + +1-201-689-8562 + + [www.capstonecompaniesinc.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.capstonecompaniesinc.com&esheet=52392531&newsitemid=20210309005106&lan=en-US&anchor=www.capstonecompaniesinc.com&index=1&md5=4f6d96c19873bfd1ec75a6da388f442a) + +Capstone Companies, Inc. (OTC: CAPC) ("Capstone" or the "Company"), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology announced today that it will host a conference call and webcast during which Chairman and Chief Executive Officer, Stewart Wallach will provide a corporate strategic update for 2021. + +Stewart Wallach, Capstone’s Chairman and CEO, commented, "I am looking forward to the opportunity to address our shareholders about the new Smart Mirror program and its potential as our core product. I am genuinely looking forward to sharing the progress we have made. We appreciate ongoing shareholder support during these challenging times." + +Thursday, March 18, 2021 +11:30 a.m. Eastern Time +Phone: 1-201-689-8562 +Internet webcast link available at: [www.capstonecompaniesinc.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.capstonecompaniesinc.com&esheet=52392531&newsitemid=20210309005106&lan=en-US&anchor=www.capstonecompaniesinc.com&index=1&md5=4f6d96c19873bfd1ec75a6da388f442a) +Therapist ape here. I've seen a post or 2 like this this morning and if you are feeling any of the above regarding GME then take a break from GME. Stop checking the ticker every few minutes. Stop coming to /r/Superstonk multiple times a day. Stop talking about GME with friends for a week. + +This is emotionally exhausting stuff we are experiencing and learning about. Discovering that there is a cabal of greedy and powerful people who have their thumb on you and are working every day to take even more of what little you have invokes a lot of feelings. Seeing a stock you love rocket up and plummet down and rocket back up invokes a lot of feelings. Posting your honest opinion and getting heckled by shills invokes a lot of feelings. This short squeeze IS WORK. And when you are emotionally tired from work you don't quit you TAKE A BREAK. Recharge your batteries. Allow good news to develop. Allow the seeds we are planting to grow. Allow yourself to integrate all of the new experiences and new information you are taking in. + +Trust your fellow apes to hold the line. + +When you return from your break the memes will be funnier. The shills will be more obvious and less effective. You will have more space for more DD wrinkles in your smooth brain. And most importantly you will be better able to remove your emotional investment from your financial investment and allow your investment thesis to play out without stress. + +As always - Buy, Hold, and Buckle up 🚀🚀🚀🚀 + +### +A few years ago I did something stupid and purchased a certified Toyota. Back then, I had just gotten out of an abusive relationship and went from splitting bills to renting an apartment on my own for three times as much as I was paying before. I had an unreliable car and had to purchase a solid one to get me to work and back, an hour commute one way. + +Today, I work from home making more than I was then, $15.50/hour. I have about 3k in credit card debt I’m paying off monthly. I no longer have the need for a 10k car (not that I ever did in the first place). + +Today I found out that I owe $500 less on my car than the retail selling price. A few more months and I’ll be able to sell my car and buy a beater outright. My new fiancé has a decent Jeep that we will use for everything unless I make a trip to town on my own. I cannot wait to have that $400 extra a month to put towards my debt and going back to school. It’s been a long journey to get here but it’s the small victories. + +Thanks for sharing this small victory with me. I just wanted to show that it can be done. +I've noticed that an abundance of Redditers are saying that the market will continue to drop and that it has lower to fall, etc. Yet ETF's appear to have higher lows over the last few days and are starting to trade sideways... +So, this just happened: [https://www.btc-echo.de/news/bitcoin-spd-gruene-und-linke-fordern-verbot-in-der-eu-135678/](https://www.btc-echo.de/news/bitcoin-spd-gruene-und-linke-fordern-verbot-in-der-eu-135678/) + +Automated Translation: + +Cramming crypto regulation. The European Parliament wants to prohibit the provision of crypto services based on "environmentally unsustainable consensus mechanisms" in its MiCA guidelines. This is according to a final compromise proposal from the responsible Committee on Economic and Monetary Affairs (ECON), which is available to BTC-ECHO. De facto, this could mean the end for proof-of-work-based cryptocurrencies like Bitcoin from January 1, 2025 in the European Union. The final decision on the draft is to be made in Parliament on February 28. + +Stefan Berger told BTC-ECHO that he believes it is "very likely" that the proposal will go through. As Chairman of the ECON Committee, he is largely responsible for the design of the MiCA Directive on the regulation of cryptocurrencies in the European Parliament. The advance of the Bitcoin ban had thereby the SPD, Greens and Left energetically demanded, said the CDU politician in an interview with BTC-ECHO. + +The parliamentary groups of the Christian Democrats, right-wing conservatives and liberals would have vehemently resisted the inclusion of the ban in the negotiations. In the end, the Social Democrats, Greens and Left threatened to otherwise withhold their approval of the MiCA draft, according to reports. Previously, SPD politician Joachim Schuster had already publicly called for a bitcoin ban. Green Party European politician Sven Giegold also spoke to BTC-ECHO in favor of illegalization. + +The vote next Monday will be followed by a trilogue between the EU Commission, the Parliament and the member states, at the end of which the Commission will be tasked with evaluating the Parliament's proposal. The decision on this should be expected before the end of this year. In the October 2020 draft, the Commission opposed a bitcoin ban. + +Bitcoin clause is "fatal" + +Federal Finance Minister Christian Lindner did not want to comment on the impending bitcoin ban to BTC-ECHO. Frank Schäffler (FDP), member of the Budget Committee of the Bundestag, considers the new proposal of the EU Parliament "fatal". He already called for changes to the MiCA guidelines last year. + +I assume and also expect that the German government and the lead finance minister Christian Lindner will prevent this. + +Robert Kopic of the industry association Blockchain for Europe also sees the potential for the clause to "put Europe at a disadvantage." + +This is a point that would put Europe, along with its green miners, at a disadvantage and would solely lead to them migrating abroad and Europe losing geopolitical access to Bitcoin. + +The economic disadvantages of a Bitcoin ban are therefore obvious. A fact that the EU Commission will also take into account in its MiCA assessment, says Stefan Berger. What the final decision will ultimately look like is uncertain at this point. +Evergrande going down (and way more to come), the Fed abusing QE, 5.9 Trillion dollars of releif bills, Buffet indicator, Elon and his brother selling positions, buffet's cash position highest it's ever been, etc etc etc etc. + +To me, these seem like signs of an impending market crash like no other. The balloon has to be popped. How can anyone tell me realistically that the market can drop at around the Levels of 1930's depression, and recooperate within one year, and reach highs at the end of the year??? + +Maybe I'm missing something but this does not seem as if is natural growth, rather asset inflation caused by consumers having way more cash on hand from stimulus etc etc and producing and working less than ever before. + +I'd sell my position, but don't want to cause any tax implications for year 2021, so I'm kind of stuck holding even if the ship falls, lol. +A lot of people say this could do a 100x but I think because of what QLC is going to do for the global telecoms industry the fact that were only at $9M market cap this could become a top 20 possibly even a top 10 coin in the future. What do you guys think? What a gem. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +How accurate is paper trading on Webull? I’ve been doing it for a couple of days with the simulated amount I want to use and it’s been working well so far. Start with $30k to have the unlimited day trades and after day 3 I’m at $36,282. My strategy has been to find a stock going up fairly steadily and buy roughly 1k-10k at let’s say $1.25 and sell at $1.26 or $1.27. The idea is to make a lot of small trades with a lot of volume and not stay in one stock for no more than 5 minutes or so. Any advice on this strategy? I saw another user who posted his success using this method yesterday and he’s been doing it for about a year or so. +[link to article just posted](https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-issuance-u-110000792.html) + +Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a clinical-stage biopharmaceutical company, today announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,946,027 to the Company on March 16, 2021. Tianeptine oxalate is the active pharmaceutical ingredient of Tonix’s development candidate, TNX-601 CR (tianeptine oxalate and naloxone controlled-release tablet). + + +The new patent, “Tianeptine Oxalate Salts and Polymorphs,” includes claims directed to pharmaceutical compositions comprising crystalline tianeptine oxalate salts, to methods of using those compositions to treat various disorders, and to methods of producing the oxalate salts. This patent is expected to provide Tonix with U.S. market exclusivity until December 28, 2037, excluding any patent term extensions. + + +Tonix’s TNX-601 CR is a novel oral formulation of one of the claimed tianeptine oxalate salts, which is being developed as a potential treatment for major depressive disorder (MDD), posttraumatic stress disorder and neurocognitive dysfunction associated with corticosteroid use. Tianeptine sodium (amorphous) immediate release (IR) has been available in Europe for the treatment of depression for more than three decades, first marketed in France in 1989. Tianeptine sodium IR is also marketed in many countries in Asia and Latin America. No tianeptine-containing product has been approved by the U.S. Food and Drug Administration (FDA). +Full disclosure, stolen from r/investing + +Context + +What happened last week with GME stock price and option was a combination of a gamma squeeze \[1\] and infinite short squeeze \[2\]. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. Note: A primer on gamma squeeze: [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) Market Maker \[1\] are in a condition never observed in financial history. Hundred of thousands of retail are buying the GME 60C across the options calendar and MM can't hedge properly because there are not enough GME shares to buy to properly financially hedge (accounting for the interest rate to borrow) + +Market Structure + +To summarize the market structure: + +Few GME shares to hedge. + +Hundreds of thousands of are buying the GME 60C because of the infinite short squeeze. + +January 29, 2021 60C call option are the highest one on the option change for that date. + +Conditions for Infinite Gamma Squeeze & Infinite Short Squeeze + +As you may now realize --(MM and brokers) hope you don't -- there is a gap in the market structure that leaves them (MM/Citadel) vulnerable to massive losses. Infinite Gamma Squeeze Should million of retails buy the Januray 29, 2021 60C weekly on Monday, this will create an infinite gamma squeeze because MM still can't properly hedge, and are forced to buy shares at whatever price to hedge. MM doing so, forces brokers to margin call the shorts caught in their infinite short squeeze. Both conditions are pro-cyclical and feed on each other in an infinite feedback loop so long as more an more retails buy the GME 60C. There is a chance that MM can dump the shares they bought to hedged the gamma steepening and call buying \[1\]. However, doing so does not make them market neutral. It effectively turns MM into a hedge fund. SEC may allow them to get away from this momentarily. However, after the MM dump shares in an attempt to stop the infinite gamma squeeze they will be net short GME shares and unhedged/not market neutral. If after the MM dump, retails continue to buy GME shares up to the $60 price, MM will be caught in a exponentially worse gamma squeeze, which should GME go pass 60C (gamma bump) on the week of January 25, it would turn into the one of biggest tail risk event for the MM/Citidal. tldr; There is a gap in the market structure so that if millions of retails buy Januray 29 GME 60C on January 25 2021, there is a high probability of both an infinite gamma and short squeeze. This has never happened in financial history. And should millions of retail buy the January 29 GME60C 2021, the losses for MM but profits for retail will be massive. Retails could see 100000% return on their weekly GME Januray 29 call options at the highest strike price. Edit1: Apparently there may be higher call prices for the January 29 2021 option chains. Fundamentally, this analysis is still correct. Should millions of retail all choose a common higher call strike price to buy (higher than 60C), the gamma squeeze will be triggered when that prices is hit. Example: Should millions of retail buy the January 29 70C or January 29 75C, and the infinite short squeeze continues. If the GME 70C or 75C is hit, GME share price enters a gamma squeeze. What the MM are hoping for are twofolds: + +They scare retails to sell below $60. This alleviates the infinite gamma squeeze. Or; + +Retails don't all buy the same call options. But given that retail loves high risk, I hypothesize they will all choose the furthest OTM call options. + +GME at 60 is the Maginot line next week. Should it go to 75, gamma and infinite short squeeze continues. Should it fall below it, MM have won a strategic victory. Edit2: For gamma squeeze, you look at the open interest (OI) and strike price. Should the share price get close to the price with a highest open interest, that's when the gamma steepening occurs as probability goes to 1. MM have to buy shares to remain neutral as the options are now ITM. + +References + +\[1\] [https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) \[2\] /r/stocks/comments/l21gpz/infinite\_short\_squeeze\_explained\_blue\_appron\_case/ \[3\] [https://ca.finance.yahoo.com/quote/GME/options?p=GME](https://ca.finance.yahoo.com/quote/GME/options?p=GME) + +Edit 2. I know it's probably to late since this was posted but I cannot help all the actual retards in the comments and messaging me. If you do not know what 1/29 75c means, just buy shares. If you're a faggoty european, please don't ask how to trade options in your country, just buy shares. Buying GME calls is probably not for first timers. If you want to be extra retarded, Sell ITM puts and use the cash to buy OTM calls. This is not sound financial practice nor is any of this post actual advice. + +# Edit: TLDR: Buy equal value in GME shares plus 75c for 1/29 to get tendies. 🚀 🚀 🚀 +Recently took my first graduate job where the vast majority of people buy food at the canteen. Fell into this habit thinking “I can afford it if they can”. + +So we are talking £3/day for breakfast and a coffee and £5 for a hot meal and a drink for lunch. Works out around £8/day. + +I work 5 days a week, so that’s literally £160/month in eating at work. That’s not including additional coffees or snacks I sometimes got. + +So the last month I went to the shop on a Sunday and bought a loaf of bread for £1.50, some peanut butter, crisps, kitkats etc. All less than £8 for the week. + +I now transfer that £160/month straight into my savings account on Pay Day and use it so save for the things I really want, like a budget holiday or driving lessons. + +For me, being lazy as fuck, the trick was the buy foods I could just stuff in my backpack and not need to keep them cold. I know some people bring fancy lunch in Tupperware, but even starting the lazy way on this makes SO much difference. +I am actually considering to start a YouTube channel educating people regarding personal finance, I know there isn't many UK channels and I think some people might like a younger perspective (age 24) or will people think I'm simply inexperienced? + +I would use the information I've learned over the last 2 years which has consisted of reading this and other forums everyday and other articles/blogs. + +I was wondering if many people would be interested in something like this and if anyone has any thoughts or advice feel free to let me know, thanks. +So, curious why loans are accelerating ? Seems the monetarist thoughts of higher rates = driving down demand isn’t so neat. Seems like rate hikes are just bad policy today. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I moved to Hackney (London) in February of this year. I'm aware that the council is still trying to fix the issues from the cyber attack they received one year ago. + +I've completed the form to inform them that I'm a new resident and I was told that because of the cyber attack, there would be a delay in them setting up my direct debit. + +I have yet to receive an update from the Hackney Council about the situation, and so far I've paid £0 since I moved in. I don't understand how a council can survive without taking Council Tax money from its residents. Is anyone else in the same boat here? Am I going to be hit by a massive council tax fee for back arrears soon? +Just so I could tell some people "I told you so" and they learn their lesson early on. + +However, this is not a good way of thinking - when I go a bit deeper I really want all my friends to make some good cash even though they made some risky investments. + +I missed the train, I shouldn't be sour about it. I'd love to go back a month and go all-in on Doge and cash out right now, but I can't - and I shouldn't feel bad about that. + +I'd be no different than all the non-coiners waiting for "the bubble to pop" so that they can tell us the same "I told you so". + +So anyways, whatever you're invested in right now, whether it's a meme coin or the must cutting-edge technology underappreciated crypto project, I hope you make it and have a prosperous future ahead. +They may not take too many questions, but I want to see those lazy fuckers sweat when they realize hundreds of thousands of apes are watching them. + +https://www.sec.gov/news/upcoming-events/hot-topics-retail-investors + +As always, please be respectful when interacting with officials in a public forum. I know it will be tempting to ask the guy named "Dick Best" if he uses the same name on his pornhub account, but please refrain from doing so. + +Edit 1: Viewer count not visible, all attendees have been set to "listen only" and the chat has been disabled. However, the host said they have "a very large audience" tonight. Bullish! Lol. + +Edit 2: This lady from FINRA is very smug. In other news, water is wet, sky is blue. + +Edit 3: Lady from FINRA is talking about "buy and hold investors" specifically, and said that they are not as concerned with short-term price movements. Bullish again! + +Edit 4: Dick Best shared a poll asking whether people consider themselves "investors," "traders," or both. I don't understand the question. "Ape" is not an option; other kinds of primates also not represented in the poll. + +Edit 5: Lady from SEC is discussing PFOF while sitting in front of some gigantic abstract painting that was probably donated by a hedge fund for a tax write-off. + +Edit 6: Smug FINRA lady is back. Compared commission-free trading to kids buying shit irresponsibly with credit cards because they don't understand it's real money. Real nice, lady. + +Edit 7: Host from the university told FINRA lady "Wow, that was so helpful! Now let's change the subject." Do I detect a hint of sass? + +Edit 8: All 4 women in this presentation are wearing pearl necklaces. Is that a thing? + +Edit 9: Same host from university, Porco, told a different panelist "I'm an accounting professor so I love numbers. Would you mind giving us an EXAMPLE of what you're talking about?" Lol. Sass confirmed. She's really HAMming it up. + +Edit 10: SEC enforcement lady says they "vigorously enforce" false information shared on social media. Watch out Jim Cramer, abstract art lady from the SEC is coming for you /s. + +Edit 11: "Meme stock" counter: 1 + +Edit 12: Abstract art SEC lady interrupted the host to pat herself on the back for bringing enforcement action against elon musk for securities manipulation. Good job guys, I'm sure Kenny is shaking in his shorts. + +Edit 13: Smug FINRA lady literally has not stopped smirking for the entire 45 minute presentation so far. Impressive. + +Edit 14: As expected, unfortunately this has been a waste of time on par with the congressional hearings. The one highlight has been Porco's sarcastic segues. + +Edit 15: The guy from the CFTC has not moved at all except for his brief comments. The dude is like Drax the Destroyer. + +Edit 16: Question time! Ayyy first question is "why are market makers allowed to do naked short selling?" Bullshit answer about contributing to liquidity incoming. This shill from the SEC is explaining what a market maker is now. Smh. + +Edit 17: SEC shill continuing to explain how reg SHO requires market makers to mark shares long, short, or short exempt. Somehow neglected to mention the penalties for failure to do these things are basically non-existent. + +Edit 18: Porco commented on the volume of questions! SEC enforcement lady's wifi has myseriously cut out. Dick Best made a brief Melissa Lee face. Gold. + +Edit 19: SEC lady wants you to contact them. You know what to do everyone! + +Edit 20: Time is over. Basically answered no questions. Fuck you shills. We aren't fucking leaving. + +Edit 21: In my opinion, the highlight of tonight's bullshit parade: + +https://www.reddit.com/r/Superstonk/comments/nvgeot/dick_best_from_the_sec_reacting_to_questions/ + +*insert it's always sunny theme music* +"The gang gets FOIA'd" title card +[Stocks Fell. Are Investors Finally Taking Trump At His Word?](https://fivethirtyeight.com/features/stocks-fell-are-investors-finally-taking-trump-at-his-word/) +Just saw this article come out. Seems as though Citadel Securities needs to put forth a show of strength. I wonder why they would need to do that? Perhaps it has something to do with a rumored IPO? Justification for a high share price and drumming up interest so it can sell it's bags to unsuspecting shareholders. Puts on Citadel! + +&#x200B; + +[https://www.bloomberg.com/news/articles/2022-03-15/citadel-securities-opens-up-after-record-7-billion-windfall](https://www.bloomberg.com/news/articles/2022-03-15/citadel-securities-opens-up-after-record-7-billion-windfall) + +*Citadel Securities LP was thrust into the spotlight in 2021, with day traders, lawmakers and regulators all scrutinizing the firm at the center of one of the U.S. stock market’s wildest periods. They’re about to learn that amid the uproar, the financial giant had its best year ever.* + +&#x200B; + +*Billionaire Ken Griffin’s stock-trading powerhouse posted record revenue of $7 billion, as frenzied bouts of volatility helped drive up earnings. The figure, disclosed by people familiar with the matter who declined to be named discussing private information, topped the firm’s previous record of $6.7 billion in 2020, when the pandemic upended global markets.* + +&#x200B; + +*Inside Citadel Securities, the haul is reason to celebrate. But it also highlights an emerging problem that senior executives seem acutely aware of -- the bigger it gets, the bigger the target on its back.* + +&#x200B; + +*With ambitions to grow even more, the company is starting to crack open its previously sealed doors to respond to its naysayers. In over a half dozen interviews, top managers addressed concerns that the firm is too dominant, discussed rumors of a possible initial public offering and hinted at plans to expand into businesses that have long been controlled by Wall Street banks.* + +&#x200B; + +*“You get to a point where staying under the radar is no longer an option,” Chief Executive Officer Peng Zhao, 40, said from the company’s Chicago headquarters. “We want to be able to tell our own story, rather than having the story told about us.”* + +&#x200B; + +*There are many seeking to frame the Citadel Securities narrative. U.S. Securities and Exchange Commission Chair Gary Gensler has questioned whether retail investors are being disadvantaged because equities trading is so concentrated among Citadel Securities and a small group of rivals. After the firm’s starring role in last year’s meme-stock frenzy, Griffin was hauled in front of Congress where one lawmaker likened Citadel Securities to a casino and later, another called it a shark. Just this month, comedian Jon Stewart threw some jabs on his new streaming show.* + +&#x200B; + +*As a market maker, Citadel Securities facilitates trading by stepping in as a buyer or seller, earning tiny profits on price differences often within milliseconds. The business Griffin built from a small group adjacent to his hedge fund has expanded into one of the biggest trading houses in the world, handling about 40% of all U.S. retail trading volume and one in every four U.S. equities trades.* + +&#x200B; + +*But even that isn’t enough for the ultra-ambitious Griffin, who is said to frequently check that Citadel Securities remains atop a ranking of market-making rivals like Virtu Financial Inc. and Susquehanna International Group, people familiar with the matter said. Griffin, with a net worth topping $30 billion, has a reputation for driving an intense, competitive culture. Zhao recalls how he was in his second year at the firm as a low-level quant in 2007 when Griffin drafted him to help build out mortgage models. What Zhao thought would be a few hours of work turned into a three-month sprint with Griffin physically moving into Zhao’s office.* + +&#x200B; + +*“For many weeks Ken was looking over my shoulder, hovering above my keyboard, putting out statistical analysis, models and graphs,” said Zhao, a child math prodigy with a PhD in statistics from the University of California, Berkeley, speaking in his first ever in-person interview with a news organization.* + +&#x200B; + +*Read more: Ken Griffin Talks Russia, Market Chaos and a Move to Go Public* + +&#x200B; + +*Now, the company plans to add business in Europe and Asia, and wants to be a major liquidity provider in the exploding cryptocurrency market, a goal underscored by the $1.15 billion it recently received from two prominent Silicon Valley investors. That deal, valuing the firm at $22 billion, could also herald an initial public offering -- propelling it onto the very stock markets it now dominates.* + +&#x200B; + +*As a designated market maker, the firm handles trades for more than 60% of listed names on the New York Stock Exchange, where employees still occupy two booths on the trading floor, decked in royal blue jackets with Citadel Securities logos.* + +&#x200B; + +*In interviews throughout February, Citadel Securities executives didn’t dismiss an IPO though said a listing wasn’t on its immediate agenda. Still, the step would help it build on its expansion particularly with institutional clients who typically route their orders through Wall Street banks, Chief Operating Officer Matt Culek said.* + +&#x200B; + +*The firm has already signed 250 clients to the institutional equity options business it launched in 2020 under former Deutsche Bank AG executives Dave Silber and Jason Roelke. Customer volumes in the group soared 90% in the fourth quarter from a year earlier.* + +*Power Players* + +&#x200B; + +*Citadel Securities gains more share of U.S. retail market making as banks pull back* + +&#x200B; + +*Source: Alphacution, Bloomberg, SEC, company data. Measures wholesale equity market makers.* + +&#x200B; + +*Note: "Others" includes UBS, Bank of New York Mellon, Citigroup and others.* + +&#x200B; + +*That has investment banks worried. After ceding retail market-making share to Citadel Securities, unable to compete on technology and hamstrung by rules from after the financial-crisis, they’re staring at a fresh threat to the business they typically handle from clients like hedge funds and pension investors. The firm is also unsettling Wall Street’s efforts to retain its best talent.* + +&#x200B; + +*Citadel Securities poached top trader Etienne Lussiez from Citigroup Inc. in January. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon listed Citadel Securities among “tough competition” in June. Goldman Sachs Group Inc. executives identified the company as a bigger threat than its long-established European rivals at an internal trading division meeting last year. Griffin is said to revel in poaching employees from Goldman, having wanted to build a competitor to Wall Street banks, another person familiar with the matter said.* + +&#x200B; + +*A spokesperson for Citadel Securities said it does not revel in hiring talent from Goldman Sachs or anywhere else and “attracts world-class talent from across finance, technology and academia.”* + +&#x200B; + +*Read more about Griffin’s other money machine that rivals its hedge fund* + +&#x200B; + +*“They have won so profoundly,” said Paul Rowady, director of research for Alphacution Research Conservatory. “Banks and smaller rivals have not been able to compete at the cutting edge of technology and attracting talent -- that train has already left the station.”* + +&#x200B; + +*Expansion is bound to draw more scrutiny to the firm. Its market presence is so critical it could pose a threat to financial stability if its systems falter, some say.* + +&#x200B; + +*Much of the meme-stock controversy centered around an often-attacked practice that allows retail brokers like Robinhood Markets Inc. to offer zero-commission trading. Under the payment-for-order-flow model, Citadel Securities and other market makers pay brokers to execute their retail orders, making them key to the rise of trading apps that fueled last year’s Reddit-inflamed short squeeze.* + +&#x200B; + +*This market setup has drawn critics including Senator Elizabeth Warren, who said the company profits at the expense of customers during periods of extreme market turmoil -- much like the swings set off recently by Russia’s recent invasion of Ukraine.* + +&#x200B; + +*Gensler alluded to the possibility of banning PFOF, saying it puts investors at an information disadvantage and may not get them the best deal. Griffin has defended the practice, saying it helps democratize finance and that it’s actually a “cost” to the firm.* + +&#x200B; + +*When put to some of the Citadel Securities executives in February, they zoom out from some of the controversy’s thornier issues. They speak of misconceptions about the firm and echo Griffin’s comments on the benefits PFOF affords small-time traders.* + +&#x200B; + +*“All of a sudden we find our name on venues and getting mentioned in places we weren’t mentioned before -- it’s something we weren’t planning for,” said Zhao, when pressed about the meme-stock craze. “We are focused on making the best decisions, regardless of whether our name is being mentioned or not.”* + +*Matt Levine's Money Stuff is what's missing from your inbox.* + +*We know you're busy. Let Bloomberg Opinion's Matt Levine unpack all the Wall Street drama for you.* + +*Email* + +*By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg.* + +&#x200B; + +*Retail investors get better prices and brokers get better economics because of how the market is set up, said Joe Mecane, head of execution services at the firm. Restricting PFOF could hurt investors and wouldn’t curb the order flow Citadel Securities receives, he said. “There is a big disconnect between what we do, what the message should be about what we do, and what the public perception ends up being,” he said.* + +&#x200B; + +*Read more: Ken Griffin’s Citadel Securities Feels the Heat of the Spotlight* + +*HANDOUT - ONE TIME USE* + +*Employees in the lounge at the Citadel Securities headquarters in Chicago.* + +*Photographer: Citadel Securities/ Citadel Securities* + +&#x200B; + +*At its offices on the 37th floor of the Citadel Center in downtown Chicago, display cases exhibit artifacts dating from long before the algorithmic trading era Citadel Securities helped drive: ticker tape from the Wall Street crash of 1929; a green jacket dating to the 1980s, when traders endured the boisterous pits of the Chicago Board of Trade. There’s an Xbox and a chess board. “The Devil in the White City,” about the 1893 Chicago World’s Fair, shares a shelf with “Moneyball”.* + +&#x200B; + +*From its original focus on equities and options, the company has expanded, including into interest-rate swaps and Treasuries, two businesses that were largely dominated by banks, COO Culek said.* + +&#x200B; + +*On those trades, the firm has winnowed down the speed of liquidity -- how long it takes to get trade prices back to clients -- to a 10th of a second. It takes banks three to five seconds, Culek said. The firm said it executed approximately $26 billion of Treasuries volume per day in 2021. It also handled $11.4 billion in notional average daily volume across Treasuries and interest rate swaps for clients last year, a 150% jump from 2019. Executives say more is to come.* + +&#x200B; + +*“There is still a very large percentage of the world’s asset classes that don’t trade electronically. Many banks provide liquidity in those products -- over time more of those things are going to go electronic -- and we are going to become a key liquidity provider,” said head of business development Jamil Nazarali. “Most of our growth is ahead of us.”* + +&#x200B; + +*— With assistance by David Scheer* +edit: Just wanted to thank those for pitching in your thoughts and advice. I can't believe that less than one hour after posting, on a Wednesday morning, people actually took the time to read and respond with a lot of great advice. Very grateful for you all! + +**Context:** I don't have family in Australia and in my circle of friends no one is experienced enough with property to advise. I understand reddit is not the place to seek advice but I dont know what else to do. + +**Background Story:** I have been dreaming of building a home since my first paycheck and after having two kids the nesting desires/need have kicked into fifth gear. I have moved regional (kinda... Geelong VIC) and have saved up enough to build a home. I can't buy established because of stamp duty but building grants me a concession. + +**The Situation:** This week I put a hold on a lot that my wife and I love. I need to decide TODAY whether we buy it or not and it scares the SHIT out of me. There are two risks in particular that I'm worried about and I'm trying to assess how real the risk is and how to mitigate it. + +1. **I'm afraid I may not be able to secure a loan when lot titles in Q1 2023**. According to my mortgage broker I can borrow up to $850k. I only need $750k for the lot/build. But with rising cost of living and looming rate hikes, things can be different in a years time. + 1. **Mitigation Option A** would be for the wife to go back to work but this also means putting kids in childcare (which we can't afford at the moment on my salary alone). +2. **I'm afraid house prices might fall before lot is titled and banks won't cover me for the whole amount**. The amount of money we may need to fork out to cover the diff depends on the drop. A 5% fall means $37.5k. We woulnd't have this kind of money since we would put virtually all of our money on the deposit. We don't have family or friends that we can borrow from or serve as guarantors. + 1. **Mitigation Option B** was to put down a 5% deposit and keep some cash in hand for this eventuality. LMI would be significant and probably cause some pain, so I was banking on using the New Home Guarantee scheme that, if extended to 22-23, covers houses up to $850k in our area. The Budget announcement yesterday destroyed this option as far as I understood. This scheme will be replaced by a new First Home Guarantee scheme where only houses up to $700k are eligible in our area. We just missed the cut by $50k - frustrating! + 2. **Mitigation Option C** was to make serious concessions on the house build to reposition us within the $700k range. Probably need to drop to a tiny design and lose the backyard. Hate it but I guess it could work. Thing is I won't know if I need a concession on the design until it is too late. + +I would love to hear any thoughts. There might be other aspects of this I should be considering. I would love to lock down this lot but f... this is nerve wrecking. +So my husband received a letter from the ATO to say he is being audited for the 15-16 and 16-17 periods because the amounts claimed were higher than other people in his tax bracket. + +We have been seeing the same tax agent for years, and always managed to get back thousands in returns, without being provided any receipts. All my husband has ever provided is a logbook. + +My question for AusFinance is, will the shit fall on the tax agents head or ours? She has claimed all kinds of shit that we didn’t provide receipts for, and we had no idea. We paid her because she’s a professional and we don’t understand the tax system; she never even asked for receipts! + +EDIT: looking at the ATO paperwork, there is a section that states + +‘You may not be liable for any false or misleading statement penalty that may apply in certain situations if: + +-your registered tax agent made an error in preparing your tax return, +-the return was lodged by your agent on or after 1 March 2010, and +-you provided your agent with all relevant and accurate information needed to lodge the return. + +This is known as ‘safe harbour’. You should tell us if you believe that you have provided the agent with relevant and accurate information.’ + +Would this caveat apply in this scenario? +Good Morning, Here's the watch list + +Gap Ups: ABIO, ALXN, BA, CSIQ, DG, DLTR, GAN, HD, LL, PHAS, SPR, TGI, UNH, WDAY + +Gap downs: ARNA + +SPY trying to hold over the 200 Day Moving average while QQQ nearing resistance/all time highs. Some good fades yesterday as well as some good dip buys. Price action reacting with follow through in both directions providing good opportunities in both directions, long and short. Plenty of stocks gapping today. We have been seeing sector rotation into stocks that have beat beaten down near lows - cruise ships, airlines, casinos and pretty much anything that has been crushed is being bought up. Business as usual for active day traders. Enter trades with risk:reward calculated before entering trades with stop loss in place to avoid unnecessary losses. Good luck +Hi, + +I guess this is more of a math question but... + +For simplicity let's assume a fixed YoY ROI. + +Does it matter if I live in a country with no capital gains tax now, for say 10 years, then spend 10 years in a country with, say, 25% capital gains tax, or if I do it the other way around? + +I suppose if I start in the no CGT place my portfolio can grow faster, and then if I move to the CGT country I will be paying more in taxes as an absolute value but will start with a larger portfolio, whereas in the other way around I'd be paying capital gains tax early which will stifle my portfolio's growth, but then when I move to the country with no capital gains tax I'd start with a smaller portfolio but will not be paying taxes. + +Does that make any significant difference? +It's been months. The SEC DTCC etc are all turning a blind eye to this. Working to cover their own asses instead of stopping the literal financial rape of investors. Think about how many investors have been hurt financially because of this just since Jan, let alone the last decade of their fuckery. Even if they do put new rules in place to "prevent future mishaps" like this one, They have done nothing but show us that they don't really care. There will always be more Melvin's and Kenny's out there trying to profit no matter how much they hurt someone else and the simple fact that a few apes can piece everything together in a matter of a couple months when the guys getting paid millions to do the same thing can't in years.... I really don't have faith anymore. It's not like they didn't know. They had to know. they were profiting from this fuckery too. All at the expense of hardworking citizens just trying to make sure they could retire and live comfortably.... but these assholes NEED that 5th house in palm springs, they NEED that 4th Lambo they NEED to continue to fuck over the little guys to make themselves feel powerful and give them a false sense of importance. NO MORE. They have had all the time in the world to rectify this issue and yet still nothing. no real change yet. just proposals and maybes. maybe this will go into effect and maybe we will enforce it. Still proof of artificial price movement dark pool trades etc. More and more coming to light every morning when I open reddit... Truth is they would probably be happy to see this continue forever, I honestly believe they are searching day in and day out for a way out of this that will fuck every last one of us over. I won't let them win though. I will continue to buy and buy and buy gamestop until they all go down though. every last institution involved. Until EVERY DOOR IS CLOSED I will not stop. Cant stop, Won't stop.... You got it. POWER TO THE PRIMATE!!!! (not financial advice) +Hello, + +Mid-30's male here. I retired at 31 after hitting $7M exit in 2016 then made additional $3M cash trading futures/stonks since last Sept. + +&#x200B; + +Anyone else feeling a need to supplement the social circle a bit? I'm a bit clueless as to how to go about it beyond joining a country-club & picking up golf which I have virtually no interest in (though high-stakes house games is of great interest. Alas, not the best way to make friends). + +Am in great shape, live below my means, & an adrenaline junkie. Thinking about getting into auto racing when tracks open back up. + +None of my friends know I have acquired some means except maybe one or two who've connected the dots. It's impossible to talk about certain matters as we're in completely different stages of our financial lives. Same goes for dating + +&#x200B; + +I'm wanting to meet group of people who are near my age & NW for both friendship & some romantic interests. Any ideas? + +&#x200B; + +Charity/Volunteer board? +So far I'm fairly happy with bank of america. With their highest tier account, we get around 2.6% cashback on our credit card for all purchases. We could in theory process 2mm+ worth of payments on it this year (this is separate to other large expenses that are paid via wire or direct deposit). + +However, I had to beg and plead for the 20k credit limit we have. Additionally, when I'm purchasing from some vendors (the biggest being our shipping label provider), my card gets shut down very frequently and I have to call in to re-activate. The 20k limit is the bigger problem though as I can't simply wait 1-2 days for the limit to refresh each time it gets maxed. Thus, over 70% of my purchases end up on the debit card instead. + +Anybody have experience with other banks? What about local credit unions, would they be willing to match/beat the 2.6% cashback on credit cards and increase my credit limit? + +I'd really hate to miss out on that 40k+ in savings from the cashback +I've been saving up for quite awhile now. I'm a first time home buyer, my wife and I are looking into buying a house because we just had a kid over a year ago and were steadily out growing our apartment... + +Personally I dont see the benefit in buying a house right now, I'm very worried the market is going to crash and my 250k home will be worth 150k and I'll be fucked. My wife wants very badly to move to a house and almost seems as though she doesnt care about that... + +We can rent a house but rentals are ~$1400 starting and thats for a mediocre home at best... our rent right now is cheap. Only $825 a month for what I would say is easily one of the nicest apartments I've ever lived in... were able to save with this rent though, if we rent a house we won't be able to save much if any at all. + +So I suppose my question is how likely would a crash in the market be? Ny grand parents are telling me that before this last one it has never happened and buying a home was always a good investment. Does that still hold true? + +Edit: so this kind of blew up, I'm at work and I'll read the comments later. Thank you everybody for the opinions! +A couple of months back I wrote a post of my journey from debt to reaching $1 million and becoming FI and RE. See [https://www.reddit.com/r/financialindependence/comments/842p8a/debt\_to\_one\_million\_how\_i\_did\_it/](https://www.reddit.com/r/financialindependence/comments/842p8a/debt_to_one_million_how_i_did_it/). + +There were large sections missing from that post, but many commented that they were interested in hearing more about the ecommerce business I built. With that I would have likely taken 5\-10 years longer to FIRE. + +This might not be interesting to most of you, but if you're interested in a side project like this it might be of some use. + +Cross posted in /entrepreneur. + +I should first say that I didn’t actually set out to create an ecommerce business, but one thing lead to another and I ended up with one anyway. + +It started when I bought a fairly expensive electrical product, and that set me wondering how much profit the seller made. \(I don’t want to say what this is because I don’t want a ton of people competing with the current owners\) So I searched for suppliers and emailed to ask them about their wholesale prices. Some ignored me, some said to get back to them when/if I had a real business, but one gave me a price list and suggested I try selling them on ebay. He also said he was happy to dropship them for me, and so I wouldn’t need to pay him until after the customer had paid me. He seemed to prefer to be the wholesaler and didn’t really want to deal with the end customers. He also supplied all the images and text fr me to use. + +So I thought I may as well give it go, and listed about 2 or 3 of the products on ebay. I sold my first one the day after listing. Over the next few weeks I sold enough to make the equivalent of around $3,000 a year. I was happy with that, and thought it would pay for a nice holiday. Those were my only hopes at the time. + +But then a little time later I thought that if I also had a website I could maybe double that and earn $6,000 a year. That would pay for a holiday and some nice treats during the year. So with my profits I found someone to build me an ecommerce site. I should point out that his was many years ago, long before simple solutions like Shopify, woocommerce and others. Back then you had to install a script on a website and configure it to how you wanted it to look. It seemed pretty technical to me. + +A month or so late I had a functioning website. I can’t remember where I advertised, but probably on some forums, but that lead to me getting extra few sales. It was only then that I started to think seriously about making it a real business. I asked on forums and got a ton of great advice. + +Now that I had a website I re\-contacted some of the wholesalers I had contacted to begin with, and a couple allowed me to have a dropshipping account. These companies weren’t set up as dropshipping companies, but already sold to other consumers, and were happy to get some extra sales. Initially I used some expensive company to do the credit card processing, but as sales rose I relized they were taking far too much of my profit, and so contacted local banks to arrange a merchant account. That saved me a small fortune. All this takes extra work, and seems to be something that many don’t want to do. But it is really worth putting in the effort. + +I then start researching how to get more traffic, as it looked like this could be a very successful business. I decided on giving Google AdWords a go, and that was what transformed my business. I eventually paid an AdWords expert $3,000 to teach me how to use AdWords efficiently, and my monthly AdWords spend dropped from around $3,000 a month to around $2,000 a month, while getting more sales. + +I then contact more and more suppliers, and started getting the products shipped to a fulfillment warehouse that someone recommended. Before that I’d never even hear of fulfillment warehouses. I still hear people say they are too expensive, but the amount they saved me on shipping practically paid for the whole warehousing costs. Large fulfillment warehouses that ships hundreds of products a day can get very deep discounts. The shipping charges were almost half of what I could get with the same or similar shipping companies. For example, I might have paid $3\-4 to pick and pack the products, but I save that and more on the shipping costs. + +A couple of years later the business was doing very well, and so I gave up my day job. A year after that I decided to move abroad, so sold the business for around $250,000. I used that to pay off my mortgage and move to Thailand. That was one of my best moves. + +Now, years later, I’m looking to start another ecommerce site, although it seems things have changed a lot since back in my day. I’m currently working on becoming Google AdWords certified as well, so another option could be to run a side business offering AdWords consulting. Or maybe I’ll combine both. But I’m semi\-retired, so will only work part\-time, as I’m enjoying my life here too much. But it will be nice to have another side project to work on. + +Some niches I’m considering. What do you guys think? + +Small wooden furniture, such as coffee tables, mirrors, etc. I would need to ship from Thailand initially though, which might not be great. Good profit margins though. + +Vegan products – veganism is huge in the UK right now, so there might be an opportunity to produce products in Thailand and sell to uk stores and/or consumers. + +Vintage products – should be able to find plenty here. + +Jewelry – Easy to get here, and my wife understands the market a little. Might be hyper\-competitive though. + +If you have any questions, just ask. Happy to answer wherever I can. +Hello - wondering if anyone has some advice on this problem. We are in the middle of week 14 trying to close a house in NY. We offered $310 on a home and had an inspection done. The inspection came back and said work needed to be done on the roof and deck (two story deck wasn't even attached to the home) . The sellers agent sent a text to my agent saying they will give us a $5000 credit towards both. We moved forward with that information getting an appraisal (315) and thought we would be buying for 305. There was also a leak in the home that caused a crack in the ceiling that we tried to get inspected but ended up taking another $500 credit on the home. Now comes to closing and the other agent has left the firm and the sellers are saying the $5000 was a typo and should be just $500 total so $309. Any thoughts - should we cancel the deal or dont worry since its a difference of 1%. +I’m in contract in Los Angeles to sell a 4-unit. One of the tenants’ kids has asthma and they’re refusing entry. These tenants have always been difficult and are a major reason I’m selling. + +Can I force entry? What can I do? + +UPDATE: My agent reached out to an attorney and they had all parties who will be entering the premises sign a “Coronavirus Property Entry Advisory and Declaration”, which states the ways in which entrants will adequately prepare for entry. With that signed entry is lawful with 24 hours notice. + +Thanks for everyone’s help with this matter. +What should I charge for rent? + +I bought a 2 bed/1.5 bath row house in 2019 that came with a tenant. This tenant has been the best tenant of all my units to date. Takes great care of the property, super responsive and she’s understanding. She has paid rent late in the past but always pays the late fee. + +We’ve made minor cosmetic changes (removing the old built in oven with a new one, etc.) but the property is fairly dated. Think wallpaper, peel and stick tile, and outdated lighting. + +Right now she’s paying $850 and we are cashflow about $300. Market rent is $1400 for updated units and we estimate $9-13k for the renovation. She says she’s able to pay $900-1100. Also, if she stays, we will not do a rehab because it would be extremely intrusive (new flooring, new painting, redoing the kitchen and bathrooms, etc.). + +The tenant asked me what’s the lowest I can go for rent and I can’t seem to logically figure out the answer. My focus is cashflow so that I can live off my earnings. Im thinking $1200 but I just pulled that out of nowhere. At a loss-to-lease of $200, my payback period is 3.7-5.6 years depending on the rehab cost stated above. + +Any help would be greatly appreciated!!! + +Edit: so we ended up running the following calculation. We calculated our net profit at 3 years and 5 years at different scenarios and assumed the high end renovation cost ($13,000; we own 6 other units in the area so fairly confident on costs). + +Renovate, $1400 rent, 3 year net: $5k +No Renovate, $1200 rent, 3 year net: $10k + +Renovate, $1400 rent, 5 year net: $17k +No Renovate, $1200 rent, 5 year net: $18k + +We pitched her $1150 for the house she was in or she could move into another condo unit we own(better location but no garage or yard) $1100 and she opted to stay in her current place. + +Thanks for the help! +I always hear about creative ways people can acquire a real estate deal and wondering if there is a way to make this happen. I realize it's a pretty big pill to swallow so maybe not but still interested to hear if there are options. I make about $361K per year currently (might be able to get it up to $400K) and my house is paid off and I have no debts. There is a strip mall with a large parking lot and three anchor stores that looked interesting to me. + +The property details are: + +* 78,063 SF on 14 acres +* 500 parking spaces +* 86% Leased +* 4-Star Retail Building +* 85,510 vehicles per day +* **Purchase price: $12,000,000 ($154/SF)** +* **7.25% Cap Rate** +* **NOI is about $870K** +I live in Boston and have been looking at rental rates vs condo/apt purchase prices and they seem favorable. That being said I'm new at this stuff was hoping to learn from some other people. +Just a wild bounce back. And im 90% sure it was because of technicals. The s&p broke below the 200 day EMA for the first time since may 2020 and then within 3 hours rose 5% to get right back to the 200 day EMA. And if you go weekly intervals, the market just barely goes past the 60 week EMA, for the first time since may 2020, and then shot back up. + +I cant imagine what news or info could cause a 5% selloff today, and really dont know how we could go from that to a relatively normal day. So im thinking it has to be on technicals that we would get such a drastic bounce back up. + +This could be the bottom if mega cap has good earnings, what im leaning towards. What do you guys think, or was there some big news i missed today +I noticed many of our favorite charities have large donors providing good multipliers on donations today. So dig in to your DAF and go forth and give back today! (Don’t forget your corporate match as well for those of you who are still stricken with W2 income :D) +Now I know this isn't /r/jokes but another post today made me remember this joke which I'm sure some on here will appreciate. + +An old police detective comes into hospital ER with heart issues. The doctor on duty looks him over and tells him that he needs to lower the stress right now if he wants to live till next year. The old detective thinks about it for a moment and replies - but next year I get my pension. +This is my first year investing money and as I look over my Q4/yearly numbers, I'm happy to report that for the first time in my life, my money made money! It's small fries for now, but I made 10,000 that I would not have made otherwise, so it's big for me! + +I feel like my money is all grown up and it has it's own job! +Hi apes, follow along with me here for the connection of TSO to a stock split. + +*All finding credit goes to u/ilove72 who DM’d me with the info after I mentioned Tesoro in a comment. They don’t have enough karma to post in SS + +Here goes: TSO is an old ticker on nyse for Tesoro energy company. They were bought out by one company in 2018, who were then bought out by another. + +But we’re not looking at Tesoro the energy company, we’re looking at Tesoro corporation, ticker TSNP, a blockchain trading index company who were heavily shorted in 2020. In October 2020, TSNP was worth $.0001 and after announcing a merger with HUMBL and a 1:4 reverse stock split, the price had gained over 1 million % and sat at $4.83 in February of 2021. + +HUMBL- a blockchain trading index based out of DELAWARE (connection?) who says they connect consumers and merchants with the digital economy- is actively trading with their website link here https://www.humbl.com/ and its price has been dropping like a rock since 2021. + +This link has a TON of info on the stock split and shorts closing effects https://www.pennystockdream.com/blog/tsnpd-has-gained-1287400-in-just-over-4-months-amid-reverse-merger-completion-with-tesoro-enterprises-inc + +A few lines of note: + +On December 17th 2020, Tesoro Enterprises, Inc., announced the pilot launch of HUMBL Studios, which aims to give global small business merchants a way to better connect their businesses to online shoppers on the HUMBL Marketplace. This marketplace will allow merchants to create their own online marketplaces at listing fees that could be 50% lower than competing marketplace providers. + +The company stated that this reverse split was meant to limit volatility and make it easier for current and prospective investors to pinpoint the true value of the companies common stock. The reverse split would also force any outstanding short positions to cover their position + +Again, thank you to u/ilove72 for finding this ticker + +Edit: u/ilove72 doesn’t exist as of about an hour after posting this. My tin foil hat is singeing my scalp + +Edit 2: fat thumbs strike again. It’s user u/ilove702 tin foil cooling… +I'm particularly interested in a discussion or agree/disagree input of millionaires (net worth), or finance advisers regarding the validity of these thoughts. Author T. Harv Eker emphasizes attending his Millionaire Mind Seminar, and also ends the book with saying that you should reread the book every month for a year. After the first 2 readings, it might not be too difficult to do it in a half day. BUT, I think even being exposed to the ideas, if you have never been exposed before will be helpful, at least in some degree. Here are the highlights of the 200 pages: + +&nbsp; + +**Money Blueprint** + +T --> F --> A --> = R Thoughts lead to feelings, leads to actions, leads to results. Therefore thoughts trickle to results. Change the roots of your thoughts and the fruits of your actions will soon follow. Your financial blueprint (plan for how money will come and go in your life, what your future will look like, financially) is a combination of thoughts, feelings, and actions. But really there is a pre-programming that occurs in your early life/ upbringing that come from three influences: verbal (what is said around you about money), modeling (what you saw while you were raised), and specific incidents (experiences). [I can comment if you don't get that.] + +P --> T --> F --> A --> = R Programming influences thoughts which lead to feelings, leads to actions, leads to results. [Note: "When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win."] There is an actual dollar amount for which many of us are programmed (and this can cause limitation). + +**17 "Wealth Files"** + +Ways that Rich people (extreme stereotype) think/act differently from middle-class and poor/broke people (extreme stereotype). The thought it commit these to memory so that you have them to draw from when struggling or facing an unwanted, pre-programmed thought emerging. There are also exercises that put the material into practice, but I'll skip those for now; if someone wants them, PM me or get the book. + +1. Rich people believe "I create my life." (vs poor: "Life happens to me." Play the role of the victim, justify their circumstances, complain). There is no such thing as a really rich victim. +1. Rich people play the money game to win (vs poor: just don't lose - have enough to pay the bills, or to be comfortable). Goal of rich is to have massive wealth and abundance. +1. Rich people are committed ("to devote oneself unreservedly") to being rich (vs. poor: want to be rich, but have negative thoughts of rich). "The number one reason most people don't get what they want is that they don't know what they want." Rich are fully committed; will do whatever legal, moral, ethical thing that it takes to have wealth. +1. Rich people think BIG (vs poor: small). The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace. Your life is not only about you; it is also about contributing to others. +1. Rich people focus on opportunities (vs poor: obstacles). "Rich take responsibility for the results in their lives and act upon the mindset, 'It will work because I will make it work.' " Expect to succeed. Take educated risks; do research without stalling. Focus on what you want; focus on all opportunities. +1. Rich people admire other rich and successful people (vs poor: resent them). Your opinions make no difference about the wealth others have; they are dis-empowering you. Try on these characteristics: positive, reliable, focused, determined, persistent, hardworking, energetic, good with people, competent communicator, semi-intelligent, expert in at least one area. "Bless that which you want." +1. Rich people associate with positive, successful people (vs poor: negative & unsuccessful). The fastest and easiest way to create wealth is to learn from rich people. Energy is contagious: either affect or infect others & visa versa. +1. Rich people are willing to promote themselves and their value (vs poor: negatively view selling). Willing to promote oneself, products, services, and ideas - with passion and enthusiasm. Rich people are usually leaders and great leaders are great promoters. Leaders earn more than followers. You need to believe in your own value and what you have to offer people. +1. Rich people are bigger than their problems (vs poor: smaller & try to avoid problems). Secret to success is to grow yourself so that you are bigger than any problem. To move to the next level of success, become conscious of what is going on in your life; don't focus on the problem, focus on the size of you. The bigger problems you can handle, the bigger business, more employees, more responsibility, the more money & wealth you can handle. Focus on the goal. If you are unstoppable, anything and everything is available to you; choose it. +1. Rich people are excellent receivers (vs poor: poor receivers). Your feelings of unworthiness won't prevent you from getting rich; worthiness is just a "story." "If you say you're worthy, you are." Giving and receiving are two sides of the same coin (so "giving is better than receiving"--NO).; for every giver there must be a receiver. Not receiving can actually deny the giver of joy and pleasure. Rich people are more willing to receive. Rain doesn't care who gets it, neither does money. Rich believe in being well-rewarded for their efforts. "Money will make you more of what you already are." +1. Rich people choose to get paid based on results (vs poor: based on time). "There's nothing wrong with getting a steady paycheck, unless it interferes with your ability to earn what you're worth." Rich people believe in themselves and their ability to deliver. Never have a ceiling to your income. +1. Rich people think 'both' (vs poor: either/or). Rich people live in a world of abundance, the best of both worlds (even if it takes a little creativity). You can have your cake and eat it too. Money can be used over and over (passed on, maybe, but not depleted). +1. Rich people focus on their net worth (vs poor: working income). Millionaires ask & talk about net worth, financial value of everything you own, not "how much do you make?" Huge distinction - four net worth factors: 1. Income, working or passive; 2. Savings, keep some to actually create wealth; 3. Investments, the better you are, the faster your money will grow; 4. Simplification, consciously create a lifestyle with a lower cost of living so more is available for saving and investing. "Where attention goes, energy flows, and results show." Track your net worth. +1. Rich people manage their money well (vs poor: mismanage money). Wealthy people are not any smarter, have more supportive money habits. Money management promotes financial freedom. The habit of handling is more important the amount you are handling. Practice allocation: 10% into Financial Freedom account (only for investments and passive-income), 10% into "play" account, 10% into Long-Term Savings, 10% into Education (self improvement included), 50% into Necessities (cost of living), 10% into Give. +1. Rich people have their money work hard for them (vs poor: work hard for money). Money is energy; you can put in work energy or substitute investment energy to get money energy out of what you put in. "You become financially free when your passive income exceeds your expenses." Rich people think long-term, earning money for their investments to pay for their future. Generally buying for immediate gratification is an attempt to make up for dissatisfaction in life. "Rich people see every dollar as a 'seed' that can be planted to earn a hundred more dollars, which can be replanted to earn a thousand more dollars." +1. Rich people act in spite of fear (vs poor: let fear stop them). "Action is the 'bridge' between the inner world and the outer world." Don't wait for fear to subside. "The only time you are actually growing is when you are uncomfortable." Get out of your comfort zone, expand your opportunity zone, to move into a different wealth zone. "Training and managing your own mind if the most important skill you could ever own, in terms of both happiness and success." +1. Rich people constantly learn and grow (vs poor: think they already know). "Success is a learnable skill. Rich people understand the order to success is BE, DO, HAVE." Learn from those who have already been where you want to go. + +I hope that was helpful. I thought it would be useful to review and ingrain it by typing and to have as a reference. (I'm OP bringing it over from removed post in /r/finance ) +Have we all realized that? You don’t have explain what folk could perceive as loosely related facts. The data is so profound that one can simply reply short it then, if you’re so confident I’m wrong. + +February me: + +I’m a tin-foil hat wearing crackpot that keeps mumbling about market manipulation and price suppression to friends and family + +June me: + +Either provide concrete facts & analysis that could support your bearish sentiment, or if you think I’m such a fool, then take my free money and short it + + +No more defense. If someone wants to bash GameStop as a company or being a shareholder of GME, show me facts or shut your fucking mouth. MSM I’m looking at you. + +The truth and the true price are inevitable. I don’t know when, but it’s coming +I have been following the exponential floor since /u/JTH1 had first posted about it. It is something that I believe is extremely likely to be true and **still believe in it**. Over the last two trading days the exponential floor has been broken through, as of the time of writing this it is apparent the equation is no longer accurate. + +Equation for those wondering: + +Exp Floor = 10^(0.0073 * DAY + 0.5) + +(Where the day is the number of days elapsed since Oct 1, 2020.) + +**Why the Exp Floor was working** + +At the core of the theory, there has to be a reason why the exponential floor was working. It was very simple: + +Hedge funds introduce counterfeit (synthetic) shares into the market to cover the previous counterfeit shares they introduced. This is a compounding problem. Creating counterfeit shares to cover your counterfeit shares is like using a credit card to pay off a credit card. It starts out manageable at first. A little bit of interest compounded by a little bit of interest isn't a lot at the start, but as time goes on it is a snowball getting bigger and bigger and hence: Exponential floor. + +Apes balance out the other part of the equation. Counterfeit shares introduced, apes buy counterfeit shares and hold them. The shares are now locked up, unable to be covered, further raising the floor. + +**Historical data for /u/JTH1's exponential floor theory** + +| Date | Exponential Floor | Daily Low | Difference | +|----------|-------------------|-----------|------------| +| 05/08/21 | $127.64 | $157.50 | 23.39% | +| 05/11/21 | $134.25 | $143.00 | 6.52% | +| 05/12/21 | $136.52 | $136.50 | -0.02% | +| 05/13/21 | $138.84 | $142.23 | 2.45% | +| 05/14/21 | $141.19 | $146.43 | 3.71% | +| 05/15/21 | $143.58 | $156.22 | 8.80% | +| 05/18/21 | $151.01 | $159.00 | 5.29% | +| 05/19/21 | $153.57 | $168.27 | 9.57% | +| 05/20/21 | $156.17 | $164.15 | 5.11% | +| 05/21/21 | $158.82 | $166.90 | 5.09% | +| 05/22/21 | $161.51 | $170.33 | 5.46% | +| 05/25/21 | $169.86 | $173.35 | 2.05% | +| 05/26/21 | $172.74 | $181.00 | 4.78% | +| 05/27/21 | $175.67 | $225.55 | 28.39% | +| 05/28/21 | $178.65 | $227.00 | 27.06% | +| 05/29/21 | $181.68 | $221.43 | 21.88% | +| 06/01/21 | $191.07 | $227.07 | 18.84% | +| 06/02/21 | $194.31 | $244.30 | 25.73% | +| 06/03/21 | $197.61 | $242.12 | 22.53% | +| 06/04/21 | $200.96 | $245.77 | 22.30% | +| 06/07/21 | $211.35 | $255.20 | 20.75% | +| 06/08/21 | $214.93 | $281.00 | 30.74% | +| 06/09/21 | $218.57 | $291.51 | 33.37% | +| 06/10/21 | $222.28 | $211.00 | -5.07% | +| 06/11/21 | $226.05 | $206.1301* | -8.81% | +| 06/14/21 | $237.74 | +| 06/15/21 | $241.77 | +| 06/16/21 | $245.87 | +| 06/17/21 | $250.03 | +| 06/18/21 | $254.27 | +| 06/21/21 | $267.42 | +| 06/22/21 | $271.96 | +| 06/23/21 | $276.57 | +| 06/24/21 | $281.25 | +| 06/25/21 | $286.02 | + +*This number is still changing as trading is going on, but this is the low as of writing. + +## Why it is no longer valid. + +This is very simple, the previous exponential floor no longer holds up because the equation has changed. A third variable has entered the equation and that is why we have now dropped below the exponential floor. + +**Enter Gamestop** + +On 6/9 (nice) Gamestop announced that they would sell an additional 5 million shares at-the-market (ATM, nice). The [Filing 424B5](https://news.gamestop.com/sec-filings/sec-filing/424b5/0001193125-21-186796) specifically ~~proposed~~ estimated that Gamestop would sell the shares at a ~~maximum~~ price of $255.39. Now Gamestop is not stupid, they knew as well as us that the price would be tanked after the earnings were released. I think that is why they released all the SEC filings all at once. They put out all their news one after the other so that no one could really say 'Gamestop had negative news so the price went down.' They also did this so that they could complete their ATM offering as quickly as possible. + +We watched on 6/10 as the price slowly bled step by step. It was **very** different from the last earnings report where the price was dropped quickly. This was different. This had the fingerprint of someone selling off shares in controlled batches and not like the hedge fund's short attacks, which have never ceased. + +I think Gamestop sold 50% or more of those ATM shares. I think Gamestop is likely continuing to sell those shares today, hence the current price. + +Because of this, the exponential floor is no longer accurate. The equation has changed, more shares have been introduced legitimately and therefore the compounding problem has been softened slightly. This is **only temporary**. We know that hedge funds have not covered and have no intention of covering. The compounding will resume and because there are more shares in the hands of APES buying the dip, the new formula will be an even higher acceleration. + +I'm sure in a week or two after we understand exactly what has taken place, /u/JTH1 or another ape will come up with a new equation that fits the data post annual meeting (PAM). If anything the current equation will fit if a little bit of discontinuity is added. (IE: Hold the floor steady for a few days until Gamestop has sold their ATM shares). + +**This is not financial advice, this is my opinion. Buckle the fuck up.** + + + +EDIT: /u/Dbuck42 gave me an idea to try and calculate the number of shares outstanding by comparing the actual daily low to the theoretical exponential floor. + +(Exp Floor * Known Float) / Daily Low = Potential Current Float + +June 10: (71815131 * 222.28) / 211 = **75.6 million (3.8 million new shares as June 10)** + +June 11 (so far): (71815131 * 226.05) / 206.13 = **78.7 million (6.9 million new shares cumulative)** + +Now there is gonna be a margin of error there in not only the exponential floor equation, but the known number of shares outstanding. I didn't use an exact number. Could it be that Gamestop sold 3-4 million shares on June 10 and the remaining shares **as of this morning**? + +JACKED TO THE TITS. 🚀🌙 + +Edit 2: To make it easy. + +Current outstanding shares = 71,815,131 + +New outstanding shares = 76,815,131 + +Increase of 7%. + +The exponential floor equation is currently off by 8%. Given a margin of error, it is extremely probable that Gamestop has already sold those 5M ATM shares (nice). + +Edit 3: Used more accurate numbers for the outstanding shares from this post by /u/Squashua1982 +https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/ +At the risk of being dumb and the only person who didn't know this, I'm posting in case someone else has also never had the need to buy a whole turkey and might not know. I have always gone to someone else's house for Thanksgiving so I never realized how cheap turkey is at Thanksgiving time. Where I am it's 39 cents per pound now! I got a 15 pound turkey today for around $5.50. I'm planning to go get two more. Each one is a ton of meat for my family of 3, I'll roast them, freeze most of the meat to use as we go along, and have the bones to make stock. + + +Welcome to this week’s Terrible Token Tuesdays! + +Note: If you missed Terrible Token Tuesdays last week, it was because we had a little problem. TTT was published and received a nice reddit reception. Unfortunately, 2 hours after TTT was posted, we received 20 downvotes in 10 minutes, dropping TTT completely off of r/ethtrader. We don’t know who would want to do that, but we kindly ask they refrain this week. + +**Zenith Card - https://concourseq.io/Q/ZenithCard** Again an ICO that is using the same $39 wordpress template we have found to be used by several other projects. Zenith staked its reputation on having partnerships with Mastercard and Binance but lost. Mastercard has not announced any partnership, and Binance directly confirmed to a community researcher that their partnership does not actually exist. + +**xDAC - https://concourseq.io/Q/xDAC** Pre-sale is being held currently, with no clear information about the main sale. Social media presence and reviews seems to be manipulated through a bounty campaign. Website says that project is built on EOS, this makes launching an ERC-20 token just a couple of months ahead of EOS’s release a really counterproductive move. + +**Bittix - https://concourseq.io/Q/Bittix** Project is vague, tech is unclear and whitepaper does not seem to provide any relevant details. The team is not getting any tokens, and selling them to investors knowing that they can be made free by playing games on Bittix. This is a really bad idea to dilute their value and drive investors out. Website is also down now! + +**Diet_Bitcoin - https://concourseq.io/Q/Diet_Bitcoin** A Bitcoin fork by Pablo Escobar’s brother. Website providing a staggering discount from $100 to $5 a coin, while the Whitepaper is claiming a totally unreasonable price increase to $5,000 in 1 year, putting to shame even Bitcoin’s meteoric rise. + +**MBYS - https://concourseq.io/Q/MBYS** Most of the team does not list the project on their LinkedIn, and an “ICOBench” advisor who lists on his LinkedIn that he does not work without up-front payment. MBYS claims to hold your private keys, while their Github is almost empty very close to ICO time. + +**Utrum - https://concourseq.io/Q/Utrum** Project is attempting to create a due diligence platform, a marketplace, a machine learning reputation system, an in depth analysis service and a professional social network. All that while seemingly outsourcing their blockchain development work to a blockchain consultancy that has a website still coming soon at the time the report was written. + +**Hybrid Block - https://concourseq.io/Q/HybridBlock** Co-founders have created together a shady company that sells “Unique nutrition for brain”. Rod Jao on of the co-founders as well as other team members are connected to companies that were halted by BSCS for fraudulent email spamming.Project has no experience whatsoever in the crypto space, and no evidence of any relevant MVP or Development. + +**Shop Protocol - https://concourseq.io/Q/Shop_Protocol** Shop Protocol is our **featured DD** this week, DD was done by several members of the ConcourseQ community, and we really think you should check it out: More here: https://concourseq.io/Q/Shop_Protocol + + +The ConcourseQ team would like to thank everybody that helped on these DDs and all the others! If you want to join our community, meet us on our [Discord](https://discord.gg/YuWfcnY) + +In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example. + +https://www.livecoinwatch.com/ + +This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH. + + +I’m not trying to be fuddy. This is my alt account. I’m seeing huge whales posting thousands of shares each. + +When this is all over, will I be able to retire? Buy a house? Afford health insurance? + +Travel, even? + +Don’t get me wrong. I’m so glad to see people have DRS’d so much. Proud, even. + +I bought all my shares at $350. I had to sell a few. But I’ve had those shares since last January. + +Reassure me, please? I’m nervous. +Original Article: + +[https://www.money.it/Comma-Fed-Archegos](https://www.money.it/Comma-Fed-Archegos) + +By Mauro Bottarelli May 7th, 2021 + +**Google translated version (Italian apes, feel free to correct):** + +The US Central Bank's half-yearly report warns: the market is hostage to risk appetite. At the same time, the ECB announces a squeeze on leverage to hedge funds. Which continue to sell tech stocks, opening the scenario to two hypotheses: a colossal short squeeze or the harbingers of a watershed event on the Nasdaq. With name and surname. + +&#x200B; + +https://preview.redd.it/95oa38gzssx61.png?width=680&format=png&auto=webp&s=8fa3eb6de91f91fa0c8cb9a3e9fba353838e6098 + +The air is bad. The Fed is in full swing at Catch 22. And as Alan Greenspan always remembered, when things get really serious, a central banker's duty is to lie. And the Federal Reserve in this sense also wanted to stamp the official seal, even using its Financial Stability Report for this purpose. The meaning is all in this excerpt: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/6c7a63h2tsx61.png?width=600&format=png&auto=webp&s=4aacae5a77031c0c4608f020742f1f0453ab2d31) + +not by chance immediately taken up by the agencies: according to the US Central Bank, the stock exchanges are at risk of sharp correction since the valuations have become such as to fully depend on the maintenance of the current level of propensity towards the same risk. **If this falls, thud is guaranteed.** + +In fact, a get your hands on that tastes a lot like a self-feeding vicious circle. **The paradox of paragraph 22, in fact.** Although Joseph Heller certainly thought of other things when he coined it as the basis of his novel of the same name, rarely has a theoretical artifice been so well adapted to reality. What is it about? Simple, \*\*Paragraph 22 is the archetype of an apparent possibility of choice within a rule or procedure\*\* that, in reality, hides a single possible epilogue. A trick, in short. It is a lie. Exactly equal to what the Fed felt the need to sell to the public: only now having realized a potentially dangerous situation on the equity market and immediately warned everyone, in case something should happen tomorrow. + +It is a pity that what is happening, in addition to lasting for quarters and quarters, is part of the sack of the Federal Reserve and its perennial Qe, between zero interest rates and continuously expanding collateral audiences. Can you try it again? These two titles: + +&#x200B; + +[Source: CNBC](https://preview.redd.it/pla2h6l8tsx61.png?width=600&format=png&auto=webp&s=a55f4e82a7fada230b25fcaab7e02b4c1b5d1921) + +&#x200B; + +[Source: Wall Street Journal](https://preview.redd.it/8emxg6lbtsx61.png?width=600&format=png&auto=webp&s=bd966c5df9b1e56c789875c9625f80f466ac275e) + +they come from Cnbc and the Wall Street Journal and refer to as many comments relating to Jerome Powell's latest post-board press conference: **in fact, squaring the circle.** And be careful, because on the same day another monetary institution felt the need to warn the market, almost the sand in the hourglass itself about to end globally. Interviewed by Reuters, EBA's number one, Andrea Enria, warned that **the ECB was about to poke its nose into loans granted by banks to hedge funds,** in order to avoid other Greensill and Archegos cases. What worries me most is that sometimes the banks themselves are not aware of the portfolios of these borrower entities, so - as soon as Covid restrictions allow it - our officials will start traveling again. It is easier to investigate, look at the documentation and ask questions about specific counterparts when you are on the spot, said Enria. + +**In both cases, what resounds in the air is the most classic of Don't say we didn't warn you,** the favorite phrase of those who know they have started a fire and think they can save themselves by calling the firefighters and hiding the petrol. And coincidentally, looking through the Fed's Financial Stability Report to the end, it turns out that the US Central Bank also wanted to dedicate more than one passage to the Archegos case and meme stocks, underlining how what happened highlights the need for greater transparency on the part of hedge funds. At the point of formality, flawless. Were it not for two small, insignificant details. First, being regulators, their job would be to prevent Archegos (or Lehman Brothers) cases and not just to acknowledge and stigmatize them. + +Second, these graphs show us: + +&#x200B; + +[Source: Goldman Sachs](https://preview.redd.it/9wgujmdftsx61.png?width=500&format=png&auto=webp&s=01e7c8d136f3d0684a1932b437992c98358e2b72) + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/mpnvx4uitsx61.png?width=500&format=png&auto=webp&s=df2bd14638ec301825208c2f02ffa36c1389a000) + +from which it is inferred that the Fed and its men in black at least until the end of April were asleep, probably being caught by lighting only with the arrival of the first warmth of May: **the leverage of hedge funds, both net and gross, towards the end last month it reached an absolute maximum.** + +While the second graph shows us how the junk party that most junk can't last well for the whole of 2021, it is not too slowly coming to an end. And coincidentally, just yesterday, simultaneously with the Fed document and the warning from the number one of the EBA, Bloomberg announced how the Prime Brokers, following the Archegos case, began to **drastically tighten the purse strings in terms of guaranteed leverage on credit lines to hedge funds.** Feed the beast, starve the beast. With the high risk of this reacting, given the massive build it has to support thanks to the extra-diet, guarantee it until the other day. + +Not surprisingly, Larry MacDonald dedicated his latest Bear Traps Report to a decidedly interesting topic: how the case of the New York fund can turn into the catalyst of a deleverage cycle. And these two images: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/gpfr4j1mtsx61.png?width=500&format=png&auto=webp&s=ec6fb7bec700a2301fa24060218da96ec6a72ed5) + +&#x200B; + +[Source: Goldman Sachs](https://preview.redd.it/n4jbw1zotsx61.png?width=500&format=png&auto=webp&s=8b96a2dc2399691c1d8fd457456685d45b1cd8c0) + +show how timing is very Swiss: **hedge funds are already selling. Alot.** And in short selling mode on the Nasdaq, where short selling has outpaced the longs at a 2 to 1 ratio for the past seven consecutive trading days. **So what to expect? The market has two hypotheses in the holster.** First, a colossal short squeeze, exactly as happened in April, when the accumulation of bearish positions required only a detonator in the opposite direction to send equities to new records. + +Second, what has already been renamed ARKchegos, or the possibility - lunar, only up to a quarter ago - to see the ETFs headed by Cathie Wood and which trace the Nasdaq go to keep company with the now lifeless creature of Bill Hwang. **In fact, a Big Bang on the market.** Made less unlikely by the dynamics represented in this last graph: + +[Source: Bloomberg](https://preview.redd.it/pj3z5gsrtsx61.png?width=500&format=png&auto=webp&s=b85c64f6d47f2aaa258ac0915fc3554845c296ce) + +or the fact that **Innovation ETFs and shareholders have greatly benefited precisely from the correlation between real rates and risky tech securities.** In addition to ARK's choice to make strange changes in the information prospects of its funds last March, **in particular by eliminating all the clauses relating to investment limits** on single names, percentages on single shares and also on the holdings of ADRs, warrants and privileged. In fact, a kind of **last hurrah.** + +**The Fed and the ECB are perhaps announcing a watershed event to the market,** in order to obtain the double result of preserving themselves from criticism of the lack of supervision and being able to reset what has been put in place so far, making themselves strong with an alibi with equal (if not greater) impact. at Covid? Moreover, despite the nature of the market's secret of Pulcinella, Archegos and its ominous epilogue have perhaps been facilitated - exactly as it happened with Lehman Brothers - in order to guarantee a scapegoat and a sacrificial lamb that would save 99% of the system. ? One thing seems quite certain: **when certain red flags are raised,** it is healthy to at least begin to close the umbrella. + +**By Mauro Bottarelli of** [**Money.it**](https://Money.it) (translated from Italian using Google translate) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +All, + +"U.S. equity funds lure inflows for third straight week" + +https://www.investing.com/news/economy/us-equity-funds-lure-inflows-for-third-straight-week-2933035 + +Just saw this. Of course the amount of money is quite small compared to the size of the equity market but it does signal that we might have reached a bottom. I guess this is a really good opportunity for those sitting on a pile of cash. + +Edit #1: + +For naysayers, I have used the word "might" and not "will". Yes, there's a small chance that market can go still lower but there are quite a few things that point to the opposite. + +https://www.investing.com/news/economy/collins-says-fed-policy-moving-into-new-phase-open-to-smaller-rate-hikes-2933234 + +Rates are still expected to go up but at a slower pace. Feds tone now is less hawkish than before. And that's a good sign for the market. + +Edit #2: + +Considering rampant inflation, and that peoples savings have taken a hit, the billions of $$$ poured into the market from fund companies rather than retail investors. It's a speculation but one that makes sense. +> The Chinese economy is crumbling. It's just not the powerhouse it was 20 years ago," White House economy advisor Larry Kudlow tells CNBC. + +> China's economy reportedly grew at its slowest rate in at least 27 years. + +> Kudlow says "any long chart of Chinese investment" or economic metrics shows "a steady downdraft." + +https://www.cnbc.com/2019/08/06/trump-economic-advisor-larry-kudlow-says-chinas-economy-is-crumbling.html +[Annual Expense Summary](http://vagabondette.com/12-months-of-digital-nomad-expenses-11623-24/) + +A year ago I started creating monthly reports showing what it costs for me to live and work remotely full time. August was my 12th month so I created an annual summary post. I mentioned it on the daily thread and several people seemed interested in knowing the numbers so I thought I would create a post for it. This post *does* link to my blog which is know is a no-no, but I'm not selling anything so hopefully it'll be ok. I just thought it would be an interesting data point for those who are wondering how much it can actually cost either once you've reached the RE stage or while you're still working on it. + +My personal situation: I've been a full time traveler/digital nomad since late 2008. Technically I've reached FI and could RE, but I took a couple years off of working and found it brutally boring so now I'm working again. :) + +The expenses covered are for a single person who lives a pretty frugal lifestyle with occasional splurges. I've been outside the USA (my country of origin) for all but a few days of the last 12 months and during that time I visited 41 cities in 19 countries. I just wanted to show what's possible and I hope people find it interesting and/or useful. + +If you have any questions, feel free to ask. If it needs to be deleted, I apologize. +Sup guys. I am new to the trading world but I am trying to learn new things every day. Today I was wondering if it’s actually gambling bc I see some traders with many years of experience are losing money because we are in a bear market and the prices are going down sometimes without a particular reason. So at first I thought it is some sort of gambling but then I remembered Warren Buffet and his trading rules and achievements and said to myself that trading should be backed by some logical explanations. So I am wondering if it’s all pure luck and some sort of gambling or it is a skill that can be learned. TIA +TLDR: [Author](https://www.goodreads.com/author/show/17286980.Steve_Oliverez)/Investor, bought ~$100,000 of SPX calls late November through December betting the whole market would go up fast in Q1. It did, and I was able to sell a bunch before February came and wiped out the value of the remaining options (*As I've said before, options trading is extremely risky and buying out-of-the-money options even more so). [Total profit, ~$2,500,000](https://ibb.co/gk0bax). + +Many of you know I was posting about $100k in SPX calls back in December and then January when the value started taking off. Figured I owed you an update. + +Why I bought a crazy amount of SPX calls: +Congress passed a bill slashing corporate tax rates in December. The last time corporate taxes were reduced so much was back in 1986. So I looked at how the market reacted at the beginning of 1987 and saw a huge spike in the S&P 500 in the first quarter. + +I wanted to bet the market would react in a similar fashion. I looked through various strike prices in Jan-Mar and modeled which ones would have the highest payouts if Jan 2018 was a repeat of Jan 1987. I also ran a few more conservative scenarios and bought options at those inflection points as well. Many of these options were so far out of the money at the time they were selling for under a dollar. With volatility so low a melt up wasn’t being priced in at all so I put in every dollar I was comfortable losing. + +January turned out to be the best first month of the year for the market in more than two decades. The value of the options skyrocketed, some by as much as 5000%. + +I was excited and terrified for the same reasons I bought options and not futures or heavily margined shares in the first place. Going back to 1987, there was eventually a large crash (Black Monday) that wiped out most of the gains for that year. I also knew we were currently going through one of the largest stretches of market history without a substantial pullback. I was pretty sure the market was going to go up and fast, but it was like a game of hot potato to lock in gains before a major correction happened. + +With that in mind I actively sold off chunks of the investment as it went up in January. Since I didn’t know if or when a correction would happen, I wanted to make sure I locked in as much profit as possible. + +I was still holding the bag on a bunch of these options when Feb came and wiped them out, taking a large amount of paper gains with them. Another green week and I definitely would have been into yacht-money territory with this trade. + +Still, I’d managed to sell enough in January to lock in two and a half million dollars from a $100k investment. + +Aside from NVDA leaps I picked up last year and stocks I plan on holding indefinitely, I'm currently mostly in cash waiting to figure out the next move. +I still owe about $5,500 on a Chrysler 200. It keeps trying to die. I've had to replace the engine, alternator, and a wheel hub (ABS wasn't working) recently. Now it looks like the starter is going out. I'm definitely going to need a new set of tires before winter. At this point I honestly think I'd be better off getting another car because the repairs to this one cost more than the monthly payments... I can't imagine it's worth much on trade in at a dealership, and I don't really have time to shop privately (I'm getting a lot of OT for the time being). Should I buy another car and keep this one until I can get rid of it? Try to trade it in? Guuhhh, I hate cars. +We see a lot of posts about what it’s like once you’ve reached FI, but rarely do we discuss the “boring middle”. I want to talk about how the middle part of the FIRE journey can actually be very exciting and rich with options. + +About 6 months ago, I hit the 50% mark on my FI journey ($460k in investments). I should have been happy, but I was absolutely miserable. I didn’t enjoy my company or my new role at work (product management). All I wanted to do was reach FIRE as soon as possible and quit. I was unhealthily obsessed with doing so. + +So, I did some analysis: I looked at how long it would take me to reach FI if I decided to stay the current course in my lucrative-but-soul-crushing job (5-6 years to FI) or do something more interesting. If I “coasted” from where I was, I would be FI in 11 years. If I took a job lesser pay but a more interesting work, perhaps switching to part-time consulting in a few years, I'd be ready in 6-7 years. + +What really surprised me is that the discrepancy in time-to-FI was small despite a variety of downshifting options. I could stay in my soul-crushing management job and become FI in 5 years, or take a more interesting/flexible job, make less money, but only work a few years more. + +So I pulled the trigger: I quit my boring management job and jumped back in to an individual contributor role at a smaller company. The money isn’t as good, but I have more flexibility, a shorter commute, and am really engaged in my work day-to-day. + +My point to you, dear reader, is that the middle part of FI doesn’t have to be boring. Once you’re around the 50% mark, you’ve effectively bought yourself options: you can decide to quit working for a while and take hiatus, switch careers to something more interesting, or stay the course. The middle part should not only provide comfort, but the ability to make more adventurous career and life decisions without sacrificing time-to-FI. +I’ve spent all of last paycheck’ ETH allotment and next paycheck’s (which I haven’t even received yet) on buying these damn dips. Got a really solid price this morning. Now let’s fuckin go. I’d love to see some increase and stabilization. + +Happy Friday to all. Cheers 🍻 +1) Flows from active to passive funds increased to nearly $500 billion in the first half of 2017. + +2) This trend is frightening, as it may prevent active managers from helping to stabilize markets. + +3) Passive funds also have a risk of "cascading", amplifying market downturns +http://www.cnbc.com/2017/07/10/passive-investment-is-frightening-says-morgan-stanley-strategist.html +Hi y'all, + +So I am about to enter my 3rd year of grad school out of 5. Net worth sitting at around $15k (no student loans), going to be entering a field making between $100k and $200k depending on where in the country I work and for how big of a place. This evening I was having a discussion with my friend about FI and I realized that I'm pushing for FI super hard for a different reason than most. + +I was diagnosed with Bipolar I about 6 years ago, have had symptoms for 21 years. Currently in remission, but who knows if that will last. Also have psoriatic arthritis, currently on all sorts of crazy meds for that. Was always sick as a kid, in and out of the hospital. Currently dealing with a health scare regarding reproductive stuff on top of all of this. + +I am reaching for FI not because I want to RE, but because I am worried I will be forced to RE. I am worried that my body will deteriorate so much in the next 15-20 years that I will not be able to work in any sort of full time capacity. My job that I am studying to work in is 6 days a week, often 10 hours a day. I do not plan to do this job for more than 20 years, I have full intents to move over to a less hectic job before I'm 50 (I'm going for a second unrelated masters that should be able to land me anything I want in the nonprofit management sector). But essentially... it's entirely possible I get to 45 and my body goes caput. I already walk somewhat regularly with a cane, struggle with lifting things, hands don't work when it's cold, etc. I start my first job out of grad school when I'm 27. So the plan is to go fucking hard for like, 10 years, so that I set myself up for either needing to RE or to take time off due to disability. + +Any other young disabled folks in the FIRE movement? Would love to hear your thoughts and plans. +Disclaimer: I'm not trying to wave a banner or anything. This is more me just not having anyone to talk to about this outside of reddit. I don't care what anyone else does. I am not trying to rally people to do this or that. That is 100% ur decision. Me personally I like the stock, I'm proud of the current company leadership, and I believe the future of the company is nearly limitless. I'm just so fucking fed up with how the world is and I really think this is my chance to try to make things change and then continue to make positive changes after the dust settles. Make a real positive difference.. + +TLDR: I'm fed up. I know many others are too. +This isn't only about money for me. It's almost a financial civil war of the poor vs the rich and even after MOASS I will continue to fight the good fight. A big chunk of my post tax gains will go towords removing the corrupt from power. My current position will be sold. Any additional purchases will go to my children when I die. +Too many memes on here these days and it seems many have forgotten why we're here. + +I made up my mind today. Really I made it up in late January but today was the straw that broke this camels back. I'm so fuckin drained and just sick of the bullshit. Every single time GME gets great news it tanks. Any other stock on the same news would have significant price increases. THE STOCK MARKET IS LITERALLY DESIGNED FOR PRICE DISCOVERY!!!! Yet the price absolutely does not reflect the market. +I'm gonna go ahead and say the whole market is this way. +Stocks that are absolutely bubbly huge are probably held mostly by the rich. Whereas retail investors, (aka the fucking people) are left to be shit on by wallstreet and it's government affiliates. +This is a slap in the face to not just every American investor but every single investor across the world. +Not just to investors but to every day workers just trying to provide to their families. These evil money hungry "smart money" fucks have brought companies to it's knees forcing mass layoffs of normal citizens across the world. +Not today! You got caught! RIP MORON! + +Not gonna post any x,xx,xxx or xxxx to show how big my tits are Because why???? I may be retarded but I'm not stupid.. +Not gonna make myself a target. +I may own 1 share or 1000! That's the beauty of this. We see their reported positions. Albeit vague and hidden. +They have no idea what I'm holding because I have a broker that isn't a giant fart. + +Every share I own today will be sold because yeah I don't want to do manual labor my whole life. I'm an Army combat vet. Post military, I went into a back breaking industry after, that is designed to make rich people more wealthy. I'm fucking sick of it. Was injured more than once in the military and I just don't know how much I have left in me so yeah... during MOASS I will sell every share I own at this moment so I don't have to work 60-80 hrs/week and be able to take time for my family and my own physical and mental health. Not just that but so I also have some big nip $ to fight the corruption. +I have never really been able to take care of myself it seems because I'm always working. + +However, every share I purchase from here on out will sit until the day I die. This shit needs to change. I will not let my baby boy become a man in the same environment I did. (I turned 18 during the 2008 crisis.) Had no money for college, couldn't find a job because people with a bachelor's degree took the fast food job I was trying to get, and my parents lost everything. I felt forced to join the military and go fight a war designed to make the rich more wealthy. My parents lost absolutely everything. They turned to drugs and I have zero relationship with them today. I love them unconditionally but I just can't let those people around my family. + +I have this sickening feeling that if we the people don't force a significant overhaul of this evil and corrupt system we will be doomed to repeat history yet again. I'm Terrified that in 2036-7-8 when my son is becoming an adult he will face the same hardships my generation did. +No fucking way. + + +I've been in on this since early January and lurking/doing research for months before that. I didn't buy at first because of my naivety of the market and capitalism as a whole. + +I have gained so many wrinkles that you couldn't tell my brain from my ballsack at this point. +I see what's going on. BETTER YET I FUCKING UNDERSTAND IT! It makes me sick. +Even with all the bad publicity and public knowledge of what's going on, they still do the same old shit. In broad daylight. + +The system is either going to change and adapt or it will fail completely and be revamped. The people in power that shouldn't be there will be removed. 100% I think I was meant to go through my entire entire chaotic life to give me leather skin so I could fight this fight. After MOASS I will dedicate my life to help my fellow man by fighting corruption. These idiots created a pretty stubborn and competent enemy. + +This system is absolutely broken. Our government is even at the mercy of the banks and prime brokers. +It's not even greed at this point. No doubt these rich tucks have threatened numerous politicians over the decades to get their way. + +I started out trying to make a quick buck. Pay off some debt. Then I switched to making a big buck. Paying off all debt and never working again + +These days I'm here to stand up to the bullies and let them know that this is war and my children will not grow up in a world they control. I may not break my back for industry after this but I will work hard to end corruption in this world. + +The biggest transfer of wealth in history to date is the covid epidemic. (So far) +So many regular people lost while many millionaires became billionaires and many billionaires became multi billionaires. + +I'm ready this time. I stand to gain at their loss. +The next biggest transfer of wealth in human history will simultaneously be the biggest transfer of power. + + +END RANT! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Long time lurker of this subreddit and I've always wondered what careers most people in this sub have and what salary range they take home. Did you fall into this trade on purpose? By accident? Could (or should) someone who doesn't make a lot go back to college for one of your careers to make more and become FI one day? +Ive decided to make a long term investment in ethereum, ive done the research and am looking to invest between $250-500. I feel like i should wait until it drops a little in price (at $255 right now) but i also am not looking at any short term gains or trading, just looking to buy now and sell it in a few years. Should i wait for the current high price to shift down a little or be confident in my predictions for ethereums potential and buy at current price of around $255 for long term gains? What do you guys think? Thank you! +https://cointelegraph.com/news/is-it-too-late-to-buy-bitcoin-dash-ether-ct-investment-tips + +Not much depth, but still an article with some noteworthy opinions. +Hello there, a year or two ago I have heard stories about people regretting selling their bitcoin early or throwing away their hard drives which contain millions worth of btc. Back then I just assumed that btc was already at its peak and out of my reach so I did not bother checking up on it, I was a working student back then. Suddenly a week ago my friend told me that I should buy btc and learn about cryptomarketing, he started buying btc about a year ago where it still cost around $700, he bought 4. I checked up on it and saw that it already costs around $3500, I regretted not looking it up a year ago! I noticed that it has been declining at a steady pace for a while now, I want to join but I am afraid it might be too late. So I am asking everyone here for an advice on whether or not its too late to invest in btc or alt coins? Thank you. +The amount of posts I have seen about "is btc safe now" "can eth scale" really concerns me. I'm genuinely curious how many people here do their research. +We are aware litecoin already has scaling resolved and soon to receive lightning transactions ? +Just sayin ... +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Once you pass $20K in transactions, Coinbase is required to report your transactions to the IRS. It seems likely tax authorities around the world will follow suit, forcing Coinbase and the other exchanges to do the same for any of their citizens. So we should all be prepared to get taxed. + +I started looking into how to do it myself. You have to run several calculations on EVERY transaction between currencies or anytime you buy or sell for fiat. And you have to look up the historical values of your coins for the timeframe of each trade or purchase etc. It's a NIGHTMARE. I got totally overwhelmed and reached out to a CPA. They claimed to know about crypto taxes, but didn't know what a fork or an airdrop was, so I knew he was trying to scam me. + +Then I started looking for software solutions. I found bitcoin.tax, cointracking.info and ZenLedger.io. I felt like ZenLedger was the easiest to use, and also had really good customer support. I spent $400 on their "premium" tier, which was less than half what the CPA wanted, and more expensive than bitcoin.tax and cointracking, but those were super clunky and I got frustrated trying to import everything. I just wanted it to go smoothly, simply and be done with it. + +I am begrudgingly prepared to be taxed, are you? How are y'all managing your taxes? Do you have tools or software you like? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +In November only, you can buy prepaid haircuts at Great Clips for $10 each instead of the normal $15! You can buy as many as you want, and they give you a little card to put in your wallet, which never expires. + +This does not include the tip, though, so you'll want to bring along a few dollars for the tip each time you go. But still, $5 cheaper is $5 saved! + +(Great Clips is a hair-cutting chain in the US.) + +Edit: I'm a woman so the "buy clippers and shave my head myself" thing is not going to happen. +https://fourpillarfreedom.com/the-trinity-study-updated-for-2018/ + +I know this isn't news but I see current posts of people citing the 4% fixed SWR over a 30 year period too much as well as scenarios of a 100% equity portfolio. +I have lost a lot of money playing options . +After watching Jon Stewart, it dawned on me that all retail orders are internalized ! +Now I understand what that word means, I’m sorry to all the apes that I didn’t get it before🙇🏻‍♂️. +Every time I place a options trade, within minutes, that trade goes against me! +Those motherfuckers have me and countless retail on their algos radar, which get information from TD Ameritrade, Charles Schwab, Robinhood, E*Trade , the criminal brokers! +The apes who did the DD were right, all these cocksuckers are in it together! +They bleed you in options, every day it will go down , even if the stocks are up! +I wish they rot in hell, the rat bastards! +Hi, I'm not someone with much knowledge about economics, but was wondering is there has been much research done into ways in which wealth redistribution could be done. + +I promise this is not a homework question (I'm too old for homework unfortunately) but I'm most interested in sort of mathematical solutions, e.g. X percentage of capital per year. I'm imagining there may be some algorithms that suggest some curve that provides a neat way to redistrbute wealth fairly without it being too punative. + +Hope the question is appreciated and please let me know if I'm better off asking on a different sub! + +edit: typo +Just curious, since the majority of people who receive overtime consist of the lower to middle class, how much would this cut into the revenue the government gets? How much would we need to raise taxes on other groups to account for this? +ELI5. What are the different theories on growth? (classical,neoclassical,endogenous,marxist,post-keynesian?,austrian?). Can an economy restricted of monetary resources achieve growth? +Looking back my university mainly focused on theory with only one course in econometrics. I would like to continue with it my self. I have also done a course on statistics. Any suggestions would be appreciated. +So I was going through some economic data and found this http://atlas.media.mit.edu/en/profile/country/che/ + +Is Switzerland's main Import and Export activity is gold speculation? Otherwise why both import and export gold in such quantities? +This may sound dumb, but i don't understand how companies make profit when their share prices go high since most of the shares are being sold, bought and held by another companies and individuals. +Hi, + +So I am in a finance and economics program. Im doing well and I like the program but I am really struggling to understand economics and this has resulted in the Econ courses being my lowest marks. I have 8 months off in a bit then will be taking advanced economics courses, any tips or ways I could build a solid understanding of the fundamentals of economics so I can do well in the courses? +What Im trying to say is, when i look at Dow Jones Industrial Average it looks like it's growing indefinetly, seemingly with no sign of stopping. When we look at the max years Google will present us, the graph looks like an exponential growth curve. +Will this ever slow down? And what causes it to grow exponentially compared to the Japanese, Hk and Shanghai stockmarket? + +Is there a potential bubble in the American stock market, or will it just continue to grow till the stock market is eventually reserved for millionaires?😒 +I’m (I think) a bit of a Marxist. However, my Marxist position hinges upon the correctness of Marx’s labor theory of value. Most economists seem to reject the labor theory of value, therefore I am (I hope rightfully) concerned about whether or not my Marxist beliefs are correct. + +Could anyone here summarize the critiques and (hopefully) direct me to some formal, canonical refutations of the labor theory of value? Thanks in advance! +How effectively can negative externalities be quantified? + +For example, if we were to implement a carbon tax, *how certain* could we be that it would actually be a net benefit in the long run? + +How certain could we be that it's the optimal amount, and not far too high or too low? + +Isn't it rather difficult to accurately predict and quantify the damage that climate change will cause? + There are a few questions aroused by ordinary minds like us, due to the introduction of the digital finance and its subsidiary concepts. + +1. How will these new things like (NFTs, Cryptocurrencies) will prove a better alternative to liquid money, and on what basis are we gonna value them? +2. On what basis and how will they create an environment that is sustainable for growth aswell as has no loopholes with the transparency that the ordinary public expects from it? +3. What steps are governments gonna take in order to implement these new concepts so as to make sure that everyone is benefitted from them (It will differ a bit from country to country, but there should be a proper base to it) +4. We cannot just go on creating n number of cryptocurrencies!, what can be done to solve this problem (what kind of an idiot becomes bullish on coins with a face of dog?!?!?) +I'm currently going through the "Mastering Econometrics" course by Joshua Angrist hosted on Marginal Revolution University and they mentioned regression as one of the five primary tools of econometrics. + +However, after reading about regression more it seems the term has nothing to do with the way we use it in everyday English (going back to something, \*regressing\*) and more to do with establishing a trend. + +Is that a fair statement? Or is there a meaningful difference between the terms "regression" and "trend"? +My instinct would be that consumers would have access to cheaper pharmaceutical drugs, and pharmaceutical companies and employers would suffer from price-gouging. But that answer seems incomplete. + +EDIT: [Post in question](https://www.reddit.com/r/sciences/comments/9hek1r/canada_considering_proposal_to_void_patents_of/?st=JMBZN4FY&sh=b5837386) +I think almost everyone is aware that China has very anti-competitive behaviour and much of the international political deal with them from the West are aimed at reducing intellectual property theft (it doesn't take a genius to realise that most BMW and Mercedes cars in China are, in fact, not). A lot of people also see this daily on websites such as Amazon, where especially small businesses (most recently I saw a new mouse trap design of all things from a small YouTuber), have their ideas stolen, copied and are driven out of business by cheaper Chinese suppliers. + +My question is how much of an impact does this actually have? I have heard both sides, that it accounts for basically all of mainland China's current growth cycle, and also that it is infantisimal compared to their "real" growth. Which side does the balance of facts fall to? +Reading on the schools of thought and some say that government intervention shld only be needed to fix a distortion. Intervention should then be reduced/stopped once 'equilibrium' is reached. + +Question is, how do governments know when an equilibrium is reached? What are the factors they should look at? Also, is this equilibrium goal realistic at present times? Can the government ever stop their intervention? +I'm by no means an economist, I'm just interested. +As far as I know, one the one side, there are the Keynesians who believe that inflation is needed for sustained growth, while austrian economists consider inflation theft and an impediment to growth. + +Furthermore, is the Austrian School of Economics a respected school of thought? It seems to me that most economicst do not take it seriously. +Hello. the UK announced Tax cuts. I saw the fine print. can someone who knows about the UK or is from there explain the lingo here? in a way that american taxpayers can digest?? this is straight from [www.gov.uk](https://www.gov.uk): + +&#x200B; + + + +* The government has announced that the planned 1ppt cut to the Basic Rate is to be brought forward by 12 months to next April. +* To allow people to keep more of their money, the Basic Rate of Income Tax will now be cut from 20% to 19% from April 2023, rather than from April 2024. +* To incentivise enterprise and hard-work and simplify the tax system, the government has also abolished the Additional Rate of Income Tax. +* From April 2023, there will be a single higher rate of Income Tax of 40 per cent, rather than an additional 45% on annual income above £150,000. +This question came to me while I was reading about China acquiring a pork producer of America - +[Link](https://www.scmp.com/business/china-business/article/2139173/us-pork-producer-owned-chinas-no-1-butcher-eyes-new-markets) + +and the rising import tariffs on pork - +[Link](https://www.cnbc.com/2018/07/04/us-pork-producers-brace-for-new-pork-tariffs-from-china-mexico.html) + +Would this company be exempt for import tariffs in China? Any source on the same, if possible? +Hello, + +&#x200B; + +First let me apologize if this is deemed a loaded question, I don't intend it to be so. I am not looking for a debate, only anecdotes and studies if available concerning the topic. + +So, I've recently started my undergrad at the local university. I had planned to major in history, although I am currently reconsidering it. The reason for this is in my first weeks of classes, I have been lectured on how individual truths "often override systemic narratives", the intentional evil of the "old guard, elbow patched, cigar smoking white elite" regards the +recording of history, how "privilege used to determine what we call history" and so on. + +To cut it short, I am almost up to my ears in the stereotypical lefty ideology that seems to be all the rage the last 30 years or so. My question stems from the above pontification - I came to university to be taught how to think and analyze, not what to think. + +*Is there any inherent political bias in the discipline of economics? I am taking micro and macro currently and thoroughly enjoy the content. But, should I continue in the field, will there be any ideological boxes I must tick? Can I be my publicly apolitical self? Will I be forced to voice any opinion nearly as foolish as a rejection of objective moral truths?* + + *From my knowledge of the big names of economics the field seems central to right leaning which is perfectly fine with me as IME those people tend to be more rationalists and empirically minded, but what can I expect of the academics teaching economics in university today?* + +Again, sorry mods if this is too touchy for this sub. I really don't want a debate, just peoples thoughts, experiences, and data +Why can't employers hire 16% more employees and pay ALL of their employees 14% less in aggregare? This would make the unemployment rate 0% without adding to employer costs. + +Moreover, even though about a sixth of the workers are redundant or are of marginal value, there would be many benefits in having them around. They could be young people needing training or old people who can help a little also. + +The biggest benefit for my "forced full employment model" is this: There would be no poverty or transfer payments in the form of government subsidies, welfare, etc. +Where and how did they come up with this number? Same goes for economic growth. Why do economists think that 2% growth rate is the long-term sustainable growth? +How much has real income increased for poor people? + +Obviously the rich got super wealthy, but how much has the standard of life increased for poor people over the last couple decades? + +Does a poor person has as much wealth as a middle class person would have had some time in the past? + +Why hasn't the portion of people living paycheck to paycheck decreased? (Or has it?) + +Sorry for the loaded question. +Hi everyone, just an idle question but while I was trolling through some BLS data on labor productivity and I came across this [graph](https://www.bls.gov/lpc/prodybar.htm). + +My question is that while the 1973-1979 saw high inflation and the energy crisis why was productivity growth so slow while at the same period the baby boom generation would also have been entering the labor market. The baby boom was the best educated generation at the date and the growth of women entering the workforce was also highest in the 1970's and the high inflation would have made it cheaper for businesses to invest in capital so what's going on? +Liberals often refer to the "top 1 &#37;" or the "top 10 &#37;" when discussing wealth and income inequality - and how to solve it using public policy. Conservatives argue that turnover in these income groups is very high; it is not a static group. Citing spikes in incomes in some years and drops in other years as a result of relying on income from investments and real estate as the reason. Are conservatives correct? Does it make sense to set policy based on income if the top 1&#37; is so fluid? +Simply put, is the practice of pro-corporate deregulation (e.g. financial deregulation in the lead up to 2008, lack of pollution regulation) and corporate tax cuts (Through rising right-wing populism, the introduction of EPZs etc.) the new normal of the international economy? Are there alternative frameworks you would use to describe the current state of the global economy? +Would it be beneficial to read through the old issues of the Economist magazine? + +I get free access to their online collection through my university and I was wondering if they are worth reading. Are there a lot of articles that have been proven "wrong" since they were published and/or are disregarded? + +I'm a third year economics (BS) and philosophy student if that helps with your answer. +HI! I'm a second year econ student and I'm considering learning a programming language (like Python or R) and I have a couple of questions. + +1) Is it early for me to start learning a programming language? + +2) In what ways does economics use programming languages? + +3) Which one should I start of with? + +Ty in advance. +I am fortunate to have a stable and decent paying remote job that allows me to live anywhere in the lower 48 states (and near an airport for business travel). I am early 30s, single, very mobile, and wanting to invest intelligently. Currently own my first property and researching my next target. + +My overall real estate plan is to buy another house or duplex under ~$300k range every 2-4yrs to live in, add curb appeal improvements as needed, then eventually rent out or sell. Aiming for at least 2 beds and 2 full baths to potentially rent the room out to lower costs. Rinse and repeat then have option to sell any remaining rental properties once they’ve really appreciated over time. I also like the idea of moving to different places every few years to start again and get to know the locality, assuming I don’t settle down permanently in one region and just grow my real estate portfolio locally. Planning on using a management firm to look after my rentals. + +Looking for small-to-mid sized urban areas with strong potential for long term growth and appreciation. Especially for cities that can become the next major Tier 3/4 economic player like what Austin, Denver, and Tampa have become. With my price range, I am mainly focusing on the Southeast region (NC, SC, GA, TN, FL) with LCOL towns and cities primed for attracting retirees, employment, young professionals and families; but also open to all regions in the US to research into. For those who have a similar strategy, hoping we can all share “hot tips” for areas about to reach a flashpoint in the next 5-10yrs! + +I have enough for 20% down for my price range, and emergency savings if the economy really goes for the worst. Starting to research and hunt for great deals especially if rates stay or get lower, and prices have fallen some due to the Covid pandemic. Here are my Top 5 areas I’m considering, any thoughts on the below for my next move? + +- **Raleigh-Durham-Chapel Hill, NC**: +This area is already a spoiled secret but can still find opportunities in the growing rural areas 30-45min outside of the Research Triangle Park. Soon will become a leading Tier 3 urban area in my opinion. *This is where I’m based now with my first investment property near downtown Durham. Just reached 2yr ownership and have already built a nice estimate ROI. Have an interested party lined up to start renting already. May stay in the RDU area if I find another great deal to buy next.* + +- **Savannah GA - Hilton Head Island - Beaufort SC**: +Once seen as just a sleepy retirement or tourist/golfing destination, I think this region has started growing exponentially with recent YoY leaps in population and housing. My older brother’s family relocated to HHI and lives in and rents out two properties, and currently building his third home in Beaufort to move into. Most of HHI is already developed and quite expensive but off the island, there’s been more developments and planned communities starting in the $200k range. My brother is starting to see more young professionals moving in as well the last few years, not just retirees. Very family friendly area and why I’m strongly looking into nearby downtown Savannah, GA. Able to find beautiful remodeled historic homes and fixer-uppers well under $300k. These types of historic and new colonial styled homes are often $1M+ in sister historic port city Charleston, SC. With the major shipping port, growing aerospace/defense industry, local SCAD and State universities, and “southern charm” seaside appeal, I think downtown Savannah is starting to catch up with Charleston in accelerated value and growth. + +- **Winston-Salem, Greensboro, High Point, NC**: +Known as the “triad” (sister to RDU “triangle”), this urban region seems to mirror what Raleigh Durham was 20yrs ago. Winston Salem, similar to Durham, has beautiful old tobacco factory buildings repurposed into mixed use, but currently a high crime rate and void of a younger concentration (also like where Durham was 20yrs ago). Local education is strong with several good universities (Wake Forest, High Point, UNC-G, AT). Since the triad had a brain-drain with young professionals moving to the bigger cities as Big Tobacco became less of the anchoring industry, there are now active municipal and grant-supported efforts to attract research, medicine, and IT partnered by the universities. Banking also has regional presence due to nearby Charlotte. I think the biggest “hot tip” to the triad is its location between Raleigh and Charlotte, equally 1-1.5hr away on the I-40/85 corridor. Feels like the triad is the last big urban area in North Carolina primed to explode just like RDU, Charlotte, and Asheville. There are cheap under $100k historic homes in downtown Winston Salem and Greensboro getting snatched up for gentrification and remodeling. + +- **Jacksonville FL**: +Home value and population have dramatically increased YoY like other big southern cities, but jobs/construction have cooled off last 2 years. This temporary stunt lead to oversupply of affordable newly built homes under $300k. My thinking for investment is more long term, as JAX is already a Tier 4 city in terms of population, but seems to be the last large urban environment in Florida that has not yet matured into a big economic and luxury market player that the rest of Southern Florida has become. Don’t get me wrong....there’s still mansions worth several millions in JAX...but the city and its beaches haven’t garnered the same high status and wealth as Miami-Boca Raton, West Palm Beach, and now Tampa/Sarasota. I can see the long term potential especially as a large Atlantic seaside city. I also foresee positive job growth returning to JAX in the next business cycle, sandwiched between Atlanta and Miami. + +- **Chattanooga TN**: +Has attracted STEM and is now the “Gig City” of the world with some of the fastest internet connections. I still don’t hear too much about “Nooga” yet...but have the feeling it will will grow quickly and attracting national trending similar to Nashville as of late. So most real estate investors haven’t largely caught on just yet, but I’ve seen trending in buying and housing prices spike this year. Equidistant to Nashville, Knoxville, and Atlanta, this town seems ready for a flashpoint. Situated at the foothills of the Appalachian mountains, this town is highly regarded to be family oriented and very safe. I can see it attracting the same active young professional crowd who enjoy the outdoors that Denver, Salt Lake City, and Colorado Springs get. Great prospects for real estate buying, # 2 under Nashville and above Raleigh Durham on PwC’s Real Estate 2020 report. (https://www.pwc.com/us/en/asset-management/real-estate/assets/pwc-emerging-trends-in-real-estate-2020.pdf) + +*Smaller areas that I’m also considering:* + +- **Fort Mill SC**: +Just south of banking capital Charlotte NC. Young professionals and families are relocating south of the border for the cheaper housing, lower taxes, gasoline, etc compared to NC. + +- **Greenville SC** +The fastest growing market in SC and halfway point between major economic players Charlotte and Atlanta. Very family oriented and has attracted a trendy progressive vibe similar to Asheville and Austin. + +- **Columbia SC**: +For potential long term value, as the state capital and home to the flagship USC university. Higher crime rate and low industry but may benefit from SC’s overall growth trajectory. Currently not a valued proposition for employment...but maybe in another 10 years? May never become an “Austin” but maybe potential as the next Nashville or Birmingham? + +- **Cape Coral-Fort Meyers-Naples FL** +Gulf-seaside area that caught national attention as of late. One of the highest increased rates in the state. Potential to become the next big luxury housing market player in south FL. Thinking it would be a great place to buy and rent to retirees. + + +Are there any cities or towns you would suggest that could become hot markets in the coming years? +Hi Everyone, I am starting the process of looking through local options for my first investment property. I looked through the older top posts and didn't really find anything comprehensive on screening leads and evaluation of potential opportunities. Does anyone have a set of decision making parameters they track to focus in on a few properties when they're looking at a new area to invest in? This could be in the form of spreadsheets, docs, books, or posts from elsewhere that have helped you. + +P.S. I have read John Schaub's book and it had alot of helpful strategies but I think it was a little more focused on deal structures, closing deals, and what to look for when making a decision on buying a new property. But it didn't have as much on how to get to the point where you have a few good options that you are evaluating out of the 100's of possible ones that are usually available. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I believe very few investors are qualified to invest in such a difficult and unpredictable product. We are talking about a monopolistic commodity whose price is heavily attached to politics, and therefore can change every second. + +I mean, even some of the world biggest airlines, employing some of the best financial advisors in the industry, have stopped trying to hedge and predict oil fluctuations. + +I think average retail investors +1) should stay away from products they don't know how to trade. I've seen lot of people trading futures without having a clue of what they mean. +2) stick to things they understand. Knowing that transportation and manufacturing relays on oil doesn't count. +The title pretty much says it all. + +I'm 37 years old and my wife and I have a pretty good amount in savings. But we're approaching 40 and think it's time to start being really smart with our money. + +Stocks and super will be recommended, I'm sure, but would love to get advice in general about how to move and shift my money around to better saving for our retirement. + +What type of questions should I be asking? Should I use a bank advisor or are their independent advisors? + +This is all new to me and my wife, so advice of any kind would be helpful. Thanks. + +EDIT: just wanted to thank everyone for the advice. My wife and I will put all of it together and sit down with our accountant in a few months to discuss options. +First home buyer, immigrant, very little knowledge of the real estate market in Sydney. +We're a middle aged couple, both WFH, no plans for kids, and just want to hear about the experiences of those who went through this dilemma. +Tya! +I'm a relative "old timer" when it comes to Bitcoin, having gotten into it in 2011. Subsequently this is not my first or second bubble. For those of you panicking right now, I'd like you to consider these three questions + +1. Has Bitcoin maxed out already at it highest number of total users that it will ever have? + +2. Have those users invested the maximum amount of money into Bitcoin that they ever will already? + +3. Has the Bitcoin infrastructure reached the maximum maturity and total distribution that it ever will. + +If the answer to any of these three questions is no, then the long term price will likely be higher. If the answer to all three of these questions is no, then the long term price will certainly be higher. + +Breathe, a delating bubble can take weeks or even months. Don't put in more than you can afford to lose, and next time have a plan from the beginning so that you are executing that plan and not reacting to your emotions. +I've done quite a bit of research into this structure that seems to be universally hated here on fatFIRE, and my sense is either I'm missing something or the community is. Can we take a look at my specific use care that I'm considering structuring with private placement life insurance (PPLI) and have something show me what I specifically got wrong with it without using terms like "don't mix investment in life insurance" or "this is just repackaged VUL" - - instead let's use the real numbers that I have received and show me what's wrong with it? + +My use case: + +\- I am a startup founder and have two assets I want to optimize: + +1) Pre-IPO stock from my last company that still has a reasonably low 409A and a very high chance of being worth something + +2) Founder stock in my new startup. My 409A is very, very, very low - sub 1 cent per share. I estimate my stake will ultimately be a mid-8 figure outcome. Let's pretend for the exercise that this is a fact. + +My financial goals are to eventually use the proceeds of these two positions to invest the market and live off the proceeds without touching the principal + +When modeling large gains, QSBS becomes immaterial very quickly, and it's quite possible that I will be acquired before QSBS takes effect anyway. So another founder suggested I check out PPLI. + +&#x200B; + +**Basics that I understand from talking to several lawyers:** + +\- I can get the above startup stock inside a policy + +\- once there, all assets in the policy are tax free - they grow, can be bought and sold, etc. + +\- The proceeds from the startup exits will not be taxed and can then be invested in virtually any assets under the sun - crypto, hedge funds, private equity, VC, equities, debt, maybe even real estate. This is the "private placement" part of the policy + +\- From here, you can withdraw up to 90% of the contents of the policy with a loan at a fixed interest rate of 25bps - - and these withdrawals are thus tax free + +\-When you die, your heirs get the balance of the plan tax free at a stepped us basis. If the policy is owned by a trust, it also avoids estate tax. + +\- the plan maintains a de-minimis amount of actual life insurance which is acquired at wholesale rates + +**My real example:** + +\- I contribute my startup stock into the plan today at a low basis + +\- Stock sells for, say, $65M and no taxes are paid since it's inside the plan + +\- The plan invests $65M in whatever I want (you don't have "direct control" but wink wink you have a lot of influence in what is chosen) + +\- Each year I take out say $2M in the form of a loan that I don't pay tax on. The assets continue to grow untaxed and your loans accumulate + +\-Over decades the 25bps per year you're paying for the loans doesn't compound to anything close to what the tax dent would be + +\- The cost of maintaining the structure each year - cost of the life insurance, fees, and the money manager who is managing the portfolio - come out to 1% of assets or less. This number is also immaterial compared to the tax savings. + +\-When you die the policy balance pays off the loan balances and your heirs get everything left tax free. + +&#x200B; + +The cost of setup is $75-$150k - the big window being whether I want to sell the plan options (which costs money to structure) instead of my actual stock so that I can keep voting rights. + +&#x200B; + +**The alternate:** Pay state and federal taxes on $65M = $43M. Now you're investing "only" $43M per year, and you pay taxes on all the gains + +&#x200B; + +What did I miss? Thank you!!! +Does this adage hold true? I see plenty of posts with such advanced TA, FA, and complex strategies to achieve abnormal returns, but why do any of those when you can just slap 5 30DTE 0.10 Delta bull credit spreads on your favorite ETFs and let theta do its thing for a week or two and collect 2-4 percent? + +Is all this active management worth it? Are the markets truly efficient? Seems like we are in a perpetual state of topsy-turvy land which could justify active management but is going to such lengths to execute these strategies worth it when there are simpler ways to make money? +Sold call spread 3975/4005 and 3980/4010 0DTE Nov17 for total of 310 credit. I didn't close the contract and let it expire. IBKR shows 100% profit for both contract. + +However, now IBKR notify me that the short call got assigned totalling 1.1k loss. Anybody knows why? +Been trying to read up on other threads but a bit unclear. Is selling CSP right before earnings a good idea? Presumably IV will be high before vs after, so I get more premium before. + +Worse case earnings are not good, stock tanks and I get assigned - but then it should be a stock I should be okay holding anyway at the breakeven price. What else can go wrong? + +Thanks +I got assigned a bunch of shares of NEGG and the options activity on it is super weird, the bid ask spread is often really wide and the options prices seem to jump around a lot. Over the last few days I've been putting in call sell orders at the median price for strikes with super large spreads. I don't expect any of the contracts to be bought, but I'm also not sure if there might just be inexperienced buyers that would buy at a too high of a price. Has anyone tried this kind of thing? Does it ever work? +I’m sure most of you are well aware of the momentum the bath ticker is getting across others subs, especially the big gambling one. + +Another Ryan cohen company getting massive noise across Reddit building momentum reminiscent of the GME January sneeze. + +We see a repetition of MSM like CNBC and old coke rat bashing the bath stock along with GameStop of course. + +Now we know how closely correlated these “meme stocks” are, the whole meme basket thing and how overly shorted they are in both GME and bath + +The point is, can another wave of FOMO and drastic buy pressure (in this case in another ticker but one that is so closely correlated to GME) be the final spark to ignite MOASS? The momentum is really there and I don’t see that train stopping anytime soon. Would appreciate if a wrinkle brain would write some DD on this matter, if one already exists on it pls tag it for me + +Edit: I am not advising anyone to buy Bath stock, simply trying to put 2 and 2 together here +Hey guys I am new to trading and want to know if there is any platform where I can watch live trading sessions so I can watch and learn what to kind of process professional traders go through to make a decision as in + how they decided on support and resistance. +How to draw trend lines in moving markets if the previous level is not valid . +When to buy And where to put stop loss? +They have been around since 2013. They were reputable, reliable and the "goto" here in Canada. I would suspect most Canadian crypto holders have purchased or sold from quadriga. Many users (especially less technically sophisicated ones) have FIAT or crypto on the exchange. + +Major carnage at [https://www.reddit.com/r/QuadrigaCX/](https://www.reddit.com/r/QuadrigaCX/), but many posts being removed by mods. Suicide prevention numbers posted, people posting that they have lost tens and hundreds of thousands of dollars. + +&#x200B; + +**This marks a black swan event for crypto in Canada.** + +&#x200B; + +[https://www.quadrigacx.com/](https://www.quadrigacx.com/) + +>*January 31, 2019* +> +>*Dear Customers,* +> +>*An application for creditor protection in accordance with the Companies' Creditors Arrangement Act (CCAA) was filed today in the Nova Scotia Supreme Court to allow us the opportunity to address the significant financial issues that have affected our ability to serve our customers. The Court is being asked at a preliminary hearing on Tuesday February 5 to appoint a monitor, Ernst & Young Inc., as an independent third party to oversee these proceedings.* +> +>*For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful. Further updates will be issued after the hearing.* + +&#x200B; +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +this is getting absolutely out of hand, considering that there are already discovered exploits etc. + + +is this r/ethtrader or t/tankshiller?? + + +besides we dont need another network congestion.. + + +edit: also fishes +The hype about the furry little digipets is surely nice. But I can't even withdraw ether from etherdelta. I've tried 1, 4, 10, 15 and 20 Gwei by now, and no tx went through. Even my breeding will have to wait for now. + +How much do I need to spend?! If it is anything close to a btc fee, I'll be depressed. + +EDIT: I mean am I the only one experiencing this? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Too early? I think not. This is what you call a fucking correction. A correction to ETH's true value. Bitcoin was the first, that's true..But that fact will not hold Bitcoin at the top for long. BTC has nothing on ETH capabilities..absolutely nothing. Being the first will only take you so far. Ethereum is the future. This is going to be a relatively smooth upward shot to $50, followed by a zig zag to $100...all within the next 6 months...**mark.my.fucking.words.** +Hi, + +~~I'm an aspiring pilot and am wondering if any of r/financialindependence's subscribers are pilots and have successfully FIRE-ed..?~~ + +For those you who're commercial pilots and have FIRE-ed, would you tell me about the process? +Particularly hiccups along the way or any unexpected windfalls/successes? +*This post is a look into my observations of this sub and a reflection of my journey. I hope you are able to get something from it, but if not at the very least I had fun writing it.* + +&nbsp; + +Recently I was reading [this post](https://www.reddit.com/r/financialindependence/comments/6in5kg/is_anyone_else_having_a_similar_problem_or_am_i/) when I saw the below quote that inspired me to write this. This isn't the first time I've seen this sort of statement on /r/fi. In fact, I see similar phrases spouted often from various posters sprinkled throughout the daily threads and such. + +&nbsp; + +> I thought that after I moved to the new place I'd feel more motivated, but I don't. + +&nbsp; + +It's fascinating how most of us here are so aware of the hedonic treadmill and how little joy new toys will eventually bring us, yet we still fall victim to it in other ways. Some of my favorite things to read on /r/fi are the experiences of members who have already FIREd. The most interesting stuff to me isn't how they're affording healthcare or what their withdrawal rate and strategy are, but rather how they're now spending their time and how that lined up with expectations. A lot of the time it seems they hit retirement and after the initial joy, they found themselves on that treadmill right back where they were. They're still procrastinating their hobbies like before and they haven't found any magical motivation inside of them that wasn't there before. Instead they decompress for a bit and enjoy the immediate satisfaction, then life continues on and they're sitting asking, "what now?" In the search for happiness the Joneses buy a mansion, /r/fi members buy retirement. + +&nbsp; + +We like to think of our nest eggs and retirement as some sort of special power that will level us up when we reach it, but it's just another purchase in our life. Some people buy it at 65, some get it at 70, we're just looking to make that purchase earlier. Almost all of those FIREd posters that were unhappy before retirement never seemed to find that next level of happiness until they stopped and took the time to change themselves. Beyond that, not all of them even seem happy right now. If you scroll down to the less upvoted comments of those RE threads you'll often find many comments about how bored or unhappy someone is who recently retired. This isn't just specific to the FI community either, but you often see it among people retiring at 65 who never spent that time with themselves. They retire, are bored, and go back to work or remain unchanging. I think we just see this a bit more here due to the speed at which we retire and the mindset that comes with it being so close all the time. We don't get the same number of years that other people have to accept their current situation and find happiness anyways because they don't believe they can change their retirement date. + +&nbsp; + +Every time I see these people it reminds me of one of my favorite quotes that I heard from my mother, my uncle, Confucius, and probably Michael Scott. + +&nbsp; + +> Wherever you go, there you are + +&nbsp; + +It's one of those sayings that carries so much power in so few words, and has continued to inspire me to search for meaning in my life. A year ago I was quite unhappy with who I was, my habits, and my projected future; so I started traveling and exploring in hopes of finding joy. I spent a few days hiking around Harpers Ferry wtih friends, I went to Germany to stream at Gamescom for Blizzard, I went home to visit family, etc. I tried going on a few dates, reconnecting with old friends, and more. But no matter where I went or what I did there was always one constant factor: me. I was always there. And as long as this unhappy version of MrLlamaSC was around, it was impossible to truly enjoy any of these experiences. + +&nbsp; + +This is where I began my journey to build the life I wanted that I would then save for; a life where I didn't just go places in hopes that they would make me happy, but I worked diligently to try new things and push myself to create that joy myself. It was my journey to build skills like self-motivation, work-ethic, flexibility, and determination. And what's crazy is how much better life becomes when you improve yourself as a person. Just like exercising or eating healthier, being able to motivate yourself to work on a hobby or push yourself to try something new is extremely rewarding. + +&nbsp; + +One of my favorite experiences that I've had over the past year was when I went scuba diving. Now it's not my favorite experience because I fell in love with scuba diving (I actually found I love skiing much more), but rather because of how much it pushed me forward. My biggest fears in life used to be drowning, the ocean, and sharks. So when our dive boat pulled up over a "shark hotspot" you can only imagine the amount of fear running through my body. "Why are we stopping?" "Doesn't "shark" usually mean get OUT of the water?" "Is this a joke?" And many similar questions were running through my mind. Yet sure enough one by one everyone dove in and the next thing I knew I was equalizing my way down to 80 feet...where of course a shark was waiting to say, "hello." [Here's video footage of this event.](https://www.youtube.com/watch?v=iNrdWcQoQaE) Now I was definitely sucking down air faster than normal and I wasn't super excited anytime the sharks turned towards me (especially after the capillaries in my nose burst and I was sure they could taste my blood), but there was something surreal about the experience of facing all my fears at once and it was in that moment that I found one of my other favorite quotes: + +&nbsp; + +> "I would rather be ashes than dust" - Jack London + +&nbsp; + +I would rather have had something go wrong down there than lived a life fearing it. It was the strangest and greatest realization I've had in life, and from that I have found my motivation to develop the skills necessary to be happy. I haven't mastered them by any means nor am I 100% certain of what exactly I want in life, but now I at least find myself enjoying the journey much more and I have also found a renewed excitement to RE because it opens up the doors for absolutely anything. Anytime I think something is too scary I can think back to that scuba trip and how I felt around those sharks and the fear dissipates. This is my motivation. Yours may be entirely different and that's entirely fine! Some people never need to swim with sharks to find out who they are or what they want in life. Others may have entirely different fears that they never feel the need to conquer to be happy. But whatever you need to find that happiness in your life, go find it now. Quit procrastinating on learning the skills to stop procrastinating! Take a few minutes to sit down and determine if you're really happy with your life and if you're not, change it. If you're not sure how to change it, start by simply thinking of things in your control that you can change right now to make yourself a better person. Find your motivation so you can enjoy the journey, because I can almost guarantee your future self would wish you were happy right now. Retiring early is only going to give you more time with you and if that person is unhappy, well, wherever you go, there you are. + +**tl;dr: FIRE != happiness. Find your motivation, become happy now, retire with that happy person.** +Chilean equities are taking a big hit today after the country's voters overwhelmingly chose left-wing and independent candidates for the country's upcoming constitutional convention, rather than those favored by the ruling center-right government. + +Major losers include Sociedad Química y Minera de Chile SA (SQM), the world's largest producer of lithium; Embotelladora Andina SA (AKO-A; AKO-B), one of South America's major Coca-Cola bottlers and distributors; electric company Enel (ENIC); and Banco Santander Chile (BSAC). + +Any new constitution proposed will have to be approved by voters in a referendum, likely sometime next year. If voters reject it, the present constitution, dating back to the era of dictator Augusto Pinochet, will remain in effect. +As the title says, I'm 26, single, currently living at home saving for a mortgage and wondering what the best way forward is. + +I am a non graduate, currently employed in an NHS administrative job and earn above average for the area I am in (Derry city and Strabane council area, NI) , but have relatively poor savings for someone my age due to some poor decisions in the past (smoking, renting flats I shouldn't have bothered with, two years wasted in Scotland etc.) + +All of this is now in the past and for the last year and a bit I have been saving properly, minus a gap of two months when I was made redundant due to covid, and am now in a position where I will have a 10% mortgage deposit sufficient for a starter home + fees in the next few months. + +I'm not sure how I feel getting a mortgage without any backup money in the bank but feel pressured by the current market and also just hate living at home, I feel like an embarrassment still living in my childhood bedroom at 26, but it isn't intolerable and it is extremely cheap. + +My basic question is whats the smart path forward? My numbers are below + +Gross salary before tax, pension etc: +£19500 pa, this can increase to a maximum of £21700 pa in my current role which will happen after 2 years. +Take home pay approximately £1410 pm + +My outgoing other commitments tally less than £110 a month, and are mostly for car insurance, I spend about £50 a month on fuel, about £100-150 on misc groceries and the rest is disposable income. + +Current savings: +£4500 in a help to buy ISA +£4000 in a credit Union +Currently then I have a deposit of £9625 + +I am saving between 800-1200 a month, depending on other expenses and any work on the side I can pick up, split as 200 into the ISA, the rest to the CU, I can pick up anywhere between £50 to £300 worth of side gigs depending on the month but they're thin on the ground at the moment, for safety's sake I don't make decisions based on them and just treat it as bonus savings when it happens. + +My current plan was to continue saving until December of this year then look to buy, at which point I should have at least £14k as a maximum deposit, first homes in my area start around the 80-95k mark depending on the area but I have heard rumors of large investment firms moving in more recently and my understanding is they tend to spike prices massively. +What should I do? Should I start looking for a place now as prices seem to be going up constantly or bide my time? How much as a percentage of the value of the property I'm looking to buy should I have as a reserve? + +Is there anything else I should be looking into or anything I'm failing to consider? + +Edit: One complicating factor is that I am not currently confirmed permanent in my job, but am employed until at least June, I have already been told my contract will be extended then for another six months, and my job will shortly be out out to interview for a permanent position,which I should have no issue getting through, but it is something I'm slightly worried about +I gave my two weeks notice in good faith. I was terminated on the spot, with no payment for my last two weeks. + +I was supposed to start this Monday at a new company. They pushed my start date back for a month. I’m now unemployed. + +Would I be eligible for UI? Can I ask the first company for payment for two weeks (I’m on salary)? I feel lost on this. This happened in Florida. Thanks all, feeling pretty low. +Ridiculously good day! Add in MINE +150% and it was outa sight. The Due Diligence on this sub is pretty amazing. There are plenty of buys I have missed, and lots I dont agree with, but at the end of the day, if you read the work people post, there is a lot of value. I know Penny Stocks are not for everybody, and they are a huge risk, but holy smokes you can earn a lot if you have good info. Thanks All For The Hard Work + +not a recommendation of any kind + +EDIT: I trade on Fidelity, Etrade, and TD. I have accounts with all 3, you need to activate OTC trading, but between the 3 I have been able to buy anything available in the US. +Just wondering cos I got a letter from them this morning. + +I bought £200 of premium bonds a 7-8 years ago and forgot about them. In the meantime I got married, changed my name and moved. Their details update system was a nightmare so I never got round to it. I told them to reinvest any winnings so I wonder if there's quite a bit there now. + +Anyway, has anyone else had a letter out of the blue about an account you'd forgotten about, and what was the outcome? +Source: https://www.toppanmerrill.com/glossary/one-hundred-forty-four-sec-form/ + + +It’s potential intent to sell, not any official transaction. He can also not choose to sell and fill out another form within 90 days. + + +*Edit I’ve done some more digging and here’s what I’ve found. I think he’s filed this because he’s recently been changed from an institutional investor to an insider, and thus as an insider he has to file this form in order to maintain the ability to sell when he wants. + + +Insider status source: https://bedbathandbeyond.gcs-web.com/static-files/52e1b74d-de71-4866-ab9d-b8e7b5c35d52 + + +This is why we didn’t see a form 144 from the institutional investor, FCM holdings, who dumped earlier this week. + +*2nd edit in case you smooth brains need more reassurance. + +Definition of an insider includes an individual who owns more than 10%. Source: https://www.investopedia.com/terms/i/insider.asp + + +Despite owning the same amount of shares, the float decreased which is why he had to file again to show a greater than 10% stake, and then file a form 144 to have the ability sell since he is considered an insider at that position. + +Another Alternate source stating that the purpose of 144 is for insiders: +https://washingtonservice.com/insights/form-144-filings/ + +*last edit: Ryan Cohen bought in with a vision. He struck a deal to get 3 board seats and promptly kicked out the deadbeat CEO tritton. If he were this paper handy, he would’ve never been as successful as he’s become. And then you have his meme tweet about the bbby’s lady’s cart being full lol. Stay strong my friends. +🚀 **Good Morning Everyone!** 🚀 + +You can get my updates on Twitter as well [@ Corno4825](https://www.twitter.com/Corno4825) + + 🚀 **Live Thread** + +**4:15 Update** + +So technically it finished sideways, but there was a stupid spike of volume in the last 2 minutes that I have no idea wtf that was. + +It's probably important. I'm sure reddit will figure it out within the hour. + +Current Price: 169.70 + +**3:45 Quick Update** + +Rebound 170 + +Sideways + +170.77 + +**3:10 Update** + +GME has been under bombardment now for almost an hour and a half. GME has been pushed as far down as 165, though there is a rebound at the moment. + +How long will these attacks continue? + +Current Price: 166.81 + +**2:40 Update** + +Another attack breaks the 170 line. I feel like it's been a while since they've tried attacking this late into the day. It seems they are trying to establish ground before the battle tomorrow. + +Max Pain Theory suggests that this will rebound back to around 180 by the end of the week. We'll see if they're able to keep the price down. + +Current Price: 168.97 + +**2:20 Update** + +I'm back just as things are getting spicy. massive attack underway right now as GME drops at least $5 to the 170 line. We will see if this line will hold or if GME will continue to go down. + +Volume has kicked up, so it looks like some moves are being made. Let's watch and see what happens next. + +Current Price: 169.81 + +**12:58 Update** + +We're still trading sideways. Here is Banjo Mooseheart waiting for the hedge funds to cover their shorts. + +https://imgur.com/gallery/j6LkJRN + +Every night, he tries to cuddle under the blanket. After about 10 minutes or so, he gets too hot and leaves panting to lay down by my feet. This happens every night. + +Current Price: 176.00 + +**11:54 Update** + +GME is slowly making it's way back up. Volume has died. Another day of coiling the spring. + +There is an overwhelming desire to hear more about Banjo Mooseheart. I'll submit a picture during lunch. + +Banjo is a teenager in dog years. His personality has developed into one that loves to have fun and get attention. He loves people and walks. He does have some trauma that prevents him from interacting with other dogs in a positive manner, but we are working on that every day. When Gamestop skyrockets, we'll be able to pay for a trainer to help us develop the best life for him. + +Current price: 176.71 + +**11:01 Update** + +My favorite part about this attack is that on the graph it may looks pretty significant, but the scale is really small. + +GME is only down 1.5% from yesterday's close. I really don't think anyone is convinced that people are selling due to the news of Cohen becoming chairman. + +If the Max Pain Theory is good, GME will probably hang around here for a bit before making it's way back up towards 180. + +So in short, we're probably trading sideways again today, though there is enough volume for an interesting day. + +Any topic requests? I have no idea what is allowed on this sub, so please don't get me banned. + +Volume: 4,100,000 + +Current price: 176.00 + +**9:58 Update** + +I swear to God that the HFs don't know any other strategy than attacking at opening bell. + +As y'all can see, GME has ALREADY recovered. + +There is a decent amount of volume, though we'll need to see if that continues. + +Many are asking about Max Pain Theory. If I understand it correctly, the whales are purposefully keeping the price at this level. The reason is that they want to keep volatility low and lower option prices and this is the point where options are least impactful. They do this for a certain amount of time until options become cheap enough to buy a TON of call options at one point so that they can force a huge Gamma Squeeze. + +There better explanations and I know I'm probably wrong in some form, but that's the best I got. + +Volume: 2,600,000 + +Current price: 181.20 + +**9:14 Update** + +Premarket is staying steady since my last update. + +~70,000 shorts ( including Synthetic) were borrowed so far this morning. + +As always, expect an attack at opening bell. + +Shorts available (including synthetic): ~386,000 + +Current price: 185.35 + +**8:13 Update** + +Ryan Cohen is going to be Chairman! GME has gone up over $10 since the announcement, however it's only back to the Max Pain threshold. If GME stays in this area, I think it becomes very clear that the whales are fully bought into the Max Pain Theory. We will see if there is a major volume shift and an upward swing in price today due to the news. + +Current Price: 184.75 + + 🚀 **Morning Report** + +**Ryan Cohen to Become Chairman of the Board** + +[Link to SEC Filing](https://gamestop.gcs-web.com/node/18776/html) + +This essentially confirms the Bull Thesis. The only thing left at this point is the execution of the plan. + +**Option Chain** + +[Link to Excel](https://docs.google.com/spreadsheets/d/1v4i13Yec7AFpby3sfonaAfzfcmLf8DrTj9nLYy1r7wk/edit?usp=sharing) + +Graphs - [1](https://puu.sh/Hws3r/737d32d648.png), [2](https://puu.sh/Hws3u/7ba55b69be.png), [3](https://puu.sh/HwscT/af9d154aa0.png), [4](https://puu.sh/Hws3m/381dc8cb45.png), [5](https://puu.sh/Hws3i/0a184e92d4.png), [6](https://puu.sh/Hws3f/061a3547f6.png) + +Balance and Max Pain Point - 180 + +First Major Bull Milestone - 200 + +First Major Bear Milestone - 150 + +There was a significant increase of puts bought between the 175 and 144 strike points and the 80 and 55 strike point yesterday. This along with the shorts might explain the drops that we experienced yesterday. + +There actually wasn't any significant buying of call options, which may signal that the whales are sticking with the Max Pain Theory. With the announcement of Ryan Cohen to the board, however, we will see if there is a change to that strategy. +Who is speculating on price only, and who is holding because they're convinced of future utility? + +---- +Interested to know how the /r/ethtrader community slices up. + +I am personally a cold-blooded price watcher, but I do think that at some point a blockchain like ethereum will go mainstream. We might be holding Betamax stock though, for all I know. + +---- +|Vote Button| Poll Options|Current Vote Count| +|:-----------:|:------------:|:------------| +|**[Vote](http://redditpoll.com/vote/jl41c64j)**|Buy Low Sell High|**0** Votes +|**[Vote](http://redditpoll.com/vote/b7qPh93w)**|Buy Low Never Sell|**0** Votes +---- +**Instructions:** + +* Click Vote to Register Your Vote. + +---- +**Note:** Vote Count in this post will be updated real time with new data. + +---- +Make Your Own Poll Here **[redditpoll.com](http://redditpoll.com)**. + +---- +See live vote count **[here](http://redditpoll.com/poll/who-is-speculating-on-price-only-and-who-is-holding-because-theyre-convinced-of-future-)** +Lately I’ve been wondering about switching all my holdings into Eth. This would mean getting rid of BTC, Algo and ADA. What do you guys think? Is any of you playing this kind of game? + +Edit: I woke up to so many replies that it’s going to take me some time to answer them all. In the meantime, thanks everyone for your precious input. After careful consideration and also thanks to your comments I’ve decided to stay diversified especially due to the fact that all my coins are independent projects based on their own blockchains and don’t depend on each other. +Hey guys I’m just starting into day trading. My biggest problem right now is that I’m not finding winning stocks and I’ve lost a decent amount of money. How do traders find stocks that are going to go up or are in a uptrend. As of now, I’m using a scanner on TOS, but it keeps finding stocks that have already reached their highs or are past their hype. +I'm 37. I started trading when I was 15 on a Sharebuilder account. It's been a long journey since then. + +I've told this story before. But now that we're wrapping up 2022, I finally regard myself as a "successful" trader. My trades net me more money than they cost me. It's as simple as that. + +One thing that I thought I needed to be successful as a day trader was to trade every single day. Turns out, that's far from the case. I thought the real money in day trading was scalping every nickel I could off of SPX. There are people who can make a good living doing that, there are people who enjoy that more than anything. But that's not me. + +I can list all my trades going back to June on all 20 fingers and toes, tell you exactly why I took those trades, and the result of those trades. I out of 18 trades, 1 was a wash and 3 were losers. Those were all day trades. + +I wish I could go back in time and tell a young /u/shittystockpicker that you don't need to trade everyday to be a day trader. You need to work everyday, that's for damn sure. But you don't and shouldn't make a trade every day. + +**My Setup:** +1: Use technical analysis to determine, in the words of Jesse Livermore, "the line of least resistance". + +2: Look for a news event that will trigger a major move in the direction of the line of least resistance + +3: Plan out the trade + +4: Execute the plan + + +That's it. It's not really a technical pattern. However, I should note that I rely heavily on technical analysis. +Forgive me if this has been asked, I did search the sub first for answers. + +Is everybody using S&S ISA's for early retirement only? I understand that they are long term investments (10+ years). + +As a side question when I see people quoting 5-7% returns (obviously can go up and down etc.) Is this 5% year on year? I.e. 50% over 10 years or compounded 62% or something else entirely? + +I want to reiterate that I understand that investments may very well go down, even in the long term. + +Edit: Loads of helpful answers here, seems there's a mix of R.E. and medium term goal use. Some people using it as an open ended savings account which I'm not sure I totally agree with as I wouldn't like to pull my money out when I need it at a potential loss, but I'm really quite risk averse (index fund with only 60% equities), each to their own though. Thank you. +# SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis for Mino-Lok + +[SWOT focuses on Mino-Lok, a product that treats CVC \(central venous catheter\) infections](https://preview.redd.it/f991u5l1k4i61.png?width=2543&format=png&auto=webp&s=8dfb9f9495547c98ff3d2e8fe3e5ebbe9d1fdf51) + +# Strengths + +* [Mino-Lok product](https://www.citiuspharma.com/mino-lok/) is one of a kind and no competition in this space +* The product has a unique market purpose: treating [catheter-related bloodstream infections (CRBSIs)](https://www.citiuspharma.com/opportunity/crbsis/) +* Mino-Lok is **financially more affordable** +* The product is **safer** for patients than the alternatives +* The product will **save money** for hospitals, insurance companies, and patients (30X cheaper than procedure; [treating CRBSI is costly](https://pubmed.ncbi.nlm.nih.gov/21915004/)) + * "The cost of CRBSIs is between **$33,000 and $44,000** in the general adult ICU, between **$54,000 and $75,000** in the adult surgical ICU, and approximately **$49,000** in the pediatric ICU." + +# Weaknesses + +* The company is tiny and doesn't have partners for Mino-Lok distribution + * They will need to set-up distribution partners in 2021 in order to leverage their **worldwide patent** and sell Mino-Lok efficiently +* Cash was an issue, but Citius was able to [raise $76.5M](https://www.prnewswire.com/news-releases/citius-pharmaceuticals-announces-76-5-million-registered-direct-offering-priced-at-the-market-under-nasdaq-rules-301229588.html) in an institutional direct offering + * This was a wonderful thing; now Citius can use this cash to **invest in the business and grow** + * Citius also raised funding from "**healthcare-focused and institutional investors**" for the purchase of an aggregate of 50,830,566 shares of its common stock at $1.51 per share + * **These investors are most likely experts with a vested interest in making a lot of money from this offering** + * A weakness... just turned into a strength + +# Opportunities + +* Citius [secured worldwide rights](https://www.prnewswire.com/news-releases/citius-announces-the-publication-of-european-patent-for-mino-lok-300719749.html) for Mino-Lok and holds the patent for it in the U.S. **until 2036** +* The opportunity is **uninterrupted market exposure** for over a decade with Mino-Lok + * **Mino-Lok = cash cow** +* Mino-Lok will **completely saturate the market** before anyone else is allowed to overtake the product + * By then, we'll be driving around in our Mino-Lok sponsored lambos + +# Threats + +* Defencath (CorMedix) and ClearGuard (ICU Medical) are working on CRBSI prevention, which may statistically lower the number of CRBSI/CLABSI instances + * **However, Hospitals will keep Mino-Lok in stock** because Defencath and ClearGuard are only effective for hemodialysis and they are only 63-71% effective (**Mino-Lok is 100% effective**) + +Source: + +1. [theWalrus Street](https://www.youtube.com/watch?v=0QLnBu3a9mc) +2. [Winter 2021 Investor Presentation](https://d1io3yog0oux5.cloudfront.net/_475f580e19821684bcc1893db3702a83/citiuspharma/db/249/1064/pdf/02.12.2021.WEB.Pres.%28V2%29_.pdf) + +Note: + +* This entire SWOT was conducted by theWalrus, I simply transcribed and edited with a bit of my own color. +* Position: X shares @ $1.52/share. +Most of us apes should know this by now, but maybe some don´t, so here we go: + +Everybody needs to understand that there is no real short squeeze/margin call/MOASS without a significant increase in volume. Why, you might ask? + +&#x200B; + +1) There will be a lot of FOMO when the price skyrockets => more volume + +2) There will be huge volatility, so daytraders and algos will use this to make some profits => more volume + +BUT MOST IMPORTANTLY: + +3) When the real MOASS starts, Citadel & Co. need to buy back ALL available shares multiple times (Short interest >100, maybe even >420%,) => INSANE AMOUNT OF VOLUME + +&#x200B; + +How much volume are we talking? Nobody knows for sure, but have a look on January: + +https://preview.redd.it/90hiugjkip271.png?width=598&format=png&auto=webp&s=9e317c9c83c1de1e3f72d2612af40c8ec2dcc3e9 + +See this insane amount of volume? That\`s AT LEAST what we need in order to know that the MOASS is happening. Also, have a look and compare it to the volume we are having right now => WE ARE NOT EVEN CLOSE TO A MOASS!!! + +Let´s have closer look into the volumes from January: + +https://preview.redd.it/lv1t0bc0jp271.png?width=1229&format=png&auto=webp&s=616121dc9f415274bac86d7384b914cbd8cb7b1c + +We had almost 600 milion, yes 600 MILION shares traded within three days. Almost 10x of all shares, that actually exist (of which like 60% were in instituional hands and weren´t traded). + +So imagine how high the volume will be, when the real MOASS happens...IT WILL BE HUMONGOUSLY HIGH. + +Also important: The highest price of 483$ was two days after those insane volumes. So don´t be scared about things like "Will I miss the perfect time to exit? It might be over so quick!" + +&#x200B; + +BUT MOST IMPORTANTLY: No matter how high the price goes...e.g. after the days of the annual meeting (9th June), when Papa Ryan Cohen will announce that the real short interest is around 42069%.... + +...If the volume doesn´t increase RAPIDLY and I mean REALLY REALLY RAPIDLY, we still haven´t started the MOASS. + +It MIGHT be possible that we see higher prices very soon without actually initiating a margin call instantly. So even if the price goes to 1k$, 5k$, 69k$....ALWAYS look at the volume, too. And if the volume isn´t skyrocketing, then the price doesn´t fucking matter because then MOASS yet hasn´t started! + +&#x200B; + +TLDR: MOASS only possible with rapidly increasing volme! Don´t even think about selling, no matter what price we currently have, when we haven´t seen at least the same amount of volume like in January. +Hey guys if you’re sick of bullshit hype projects then read this short write up and consider why you should get in on a real product with real mainstream deals signed, before it moons on big exchanges. + +The case for investing in Ecomi $OMI + +Most of you who have been paying attention to the NFT market will have heard of Flow, the blockchain for the best-selling NBA TopShots, or Terra Virtua, which has launched Pacific Rim, Top Gun and The Godfather NFTs. + +But I claim that it is an investment in Ecomi’s OMI tokens that will generate the best returns in the branded NFT space. Why? There are a few compelling reasons: + +1) Ecomi has secured the most licenses for branded digital collectibles. Comics? Check: Superman, Batman, The Joker, Harley Quinn, Ghostbusters. Video games? Check: Monster Hunter and Street Fighter. Cartoons? Check: Adventure Time, Powerpuff Girls, We Bare Bears. TV shows? Check: Star Trek and Ultraman. Hit movie franchises? Check: Jurassic Park, Fast and the Furious, Back to the Future. Sports? Check: NFL. So how did a virtually unknown company achieve this? Through their head of licensing Alfred Kahn, none other than the man who brought Pokémon to the world outside of Japan. + +2) Ecomi has an actual working product. Unlike the vast majority of crypto projects which are trading on promise alone, the team has kept their heads down and built Android and iOS apps where you can view and interact with your NFTs in AR, in their full 3D glory! Download the VeVe app from the Play Store / App Store and check it out for yourself. + +3) Ecomi has an extremely strong token model. 40% of the max supply of OMI is kept in an in-app reserve. Every time an NFT is bought on the VeVe app, the equivalent value of OMI tokens is removed from the reserve and burnt. The result is that, only a month after opening the VeVe app to the public, more than 1 billion OMI has been permanently taken out of circulation. In addition, 10% of revenues from new NFT sales goes towards buying back OMI from exchanges. This is the best tokenomics I’ve ever seen for any NFT project, bar none. + +4) OMI is still very undervalued. There is no project in crypto with with as big of mainstreams names that they have on their side. Certainly none below $100 million market cap. Meanwhile, OMI is languishing at a market cap of only around $10 million. + +But the price is not going to stay depressed for long, because of these upcoming catalysts. + +1) A big marketing push is coming in Q1. The team will start promoting to both crypto and mainstream audiences by announcing licenses and partnerships to raise the profile of the project and to introduce more users to the VeVe app. OMI will directly benefit as increased sales reduce the supply of tokens. + +2) OMI is getting 2 exchange listings in Q1, including Uniswap. This news was just announced a few days ago in a token update. OMI is currently only available through BitForex, so listing on Uniswap and another tier 1 or tier 2 centralized exchange will bring some much needed visibility. + +3) Interactive and animated NFTs are coming. The first animated NFT is the Ghostbusters’ Ghost Trap, which is dropping soon, most likely in the next 1-2 weeks. The team has also demoed 2 car NFTs, the DeLorean from the Back to the Future movies and Batman’s Batmobile. These have lights, sirens, openable doors, and are even driveable, which means you will be able to race with your friends in AR in the near future! + +Sources: +1) VeVe’s international licenses https://medium.com/ecomi/huge-international-licenses-announced-for-ve-ve-d84f747c96ce +2) Ecomi’s Alfred Kahn https://medium.com/ecomi/introducing-alfred-kahn-head-of-global-licensing-at-ecomi-a96eec674a3c +3) Tokenomics https://medium.com/ecomi/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9 +4) Token updates https://medium.com/ecomi/q1-2021-token-updates-82c3bfa4f07a +5) Burn wallet https://explorer.gochain.io/addr/0xbBDA162f1E3EC2D4D9D99cafd0c14B03EC4E78d3?addr_tab=owned_tokens +🐐Be a Legend, Join the League!🐐 + +✅AUDIT INCOMING + +✅KYC VERIFIED DEV’s + +✅KRAKEN TOKENOMICS + +✅CoinGecko Incoming! + +🚀🚀 Michael Jordan has his wallet reserved! Do you?!? See more info 🔥contest for a 23T GOAT Wallet Giveaway!!!🚀🚀 + +🏀cryingJORDAN🏀 is a frictionless, yield generating, Community Token on the Binance Smart Chain network. We have an agressive marketing strategy that is ready to pump for weeks and sustain performance over the long-term! If you're looking for a token with future projects, great roadmap, and actually realistic goals then look no further. + +Created by Fully Doxed Developer’s (Critical Roll) and led by marketing experts. With this coin you will have the support, transparency, and dedication from The two most important aspects of ANY new project.. marketing and the development team. Come check us out, join the telegram, Our frequent AMA's and feel the Vibes. + +📺 Tokenomics + +      💎 1 Quadrillion Supply + +      💎 Dev Wallet 5% + +      💎 Michael Jordan’s 5% (Locked) + +      💎 ChasetheGoat Winner 2.3% (Locked) + +🏢 Txn Taxes + +      💎2% Marketing Wallet + +      💎3% KRAKEN (BUYBACK)  + +      💎3% Redistribution to HODLERS + +💰Marketing + +💎Twitter Influencers Promoting + +      💎TikTok Ads Ongoing + +👉 Telegram - [https://t.me/cryingjordan](https://t.me/cryingjordan) + +👉 Website - [https://cryingjordancoin.com](https://cryingjordancoin.com/) + +👉 Twitter- [https://twitter.com/jordaniscrypto](https://twitter.com/jordaniscrypto) +With the recent announcements from most of the major discount brokerages matching 0 commission trades in response to IKBR and Schwab, I sent an email to Fidelity asking if they would match. Here's the reply... + +>Thank you for contacting us in regard to the recent announcement by other brokerage firms that they are eliminating trading commissions for stock trades. I am happy to assist you today! +> +>At this time, Fidelity does not plan to match their elimination of commission trading fees. We continue to offer the best value for traders, including our industry-best order execution and price improvement, accepting no payment for order flow for stock and ETF trades, zero mutual fund investment minimums, zero account minimums, the industry's lowest index mutual fund expense ratios, more than 500 commission-free ETFs, and an award-winning brokerage trading platform. +> +>Fidelity clients also benefit from our unmatched value through a number of recent industry-leading moves such as offering a cash sweep rate more than 10 times higher than Schwab and making investing free with Fidelity ZERO Index Funds. +> +>You can find more information on our commitment to order execution and price improvement, which can save you more than the cost of our commission, by accessing this page on our site: +> +>https://www.fidelity.com/trading/execution-quality/overview +> +>We remain confident in our current offering, but we are always evaluating our services to ensure we continue to provide the best possible value and experience to our customers. +> +>Thank you for your continued trust in Fidelity, \*\*\*\*\*. Thank you for choosing Fidelity and have a wonderful day! + +So it sounds like Fidelity is going to try and hold out on this, which is a shame because I do have like 5% of my portfolio in individual stocks for semi-gambling purposes. Bummer. +IMO phone number 2FA just doesn’t cut it in 2021. Many of us in this sub are just one SIM swap away from having our entire savings wiped. + +Is there anything I can do to mitigate this risk? Is this covered by FSCS? +After some advice regarding some possible skills or side incomes I could attempt alongside my job. + +I’m 27, currently have an office job that pays around 25k a year, it’s not brilliant but it’s good for the area I live in. + +I’m quite fortunate with the role because it is pretty low stress and there is a fair bit of “down” time on shifts. + +I’m finding myself browsing the internet or dragging tasks out longer than I should because of the free time. + +My question is can anyone suggest something I could maybe do in the down time at work? Maybe a skill I could learn or something like that. + +Because it’s a work computer I don’t have access to the likes of illustrator or photoshop so anything down the design route isn’t really viable. + +I enjoy my job but I would like to learn a skill and maybe progress into a better paid career, unfortunately there isn’t much room for progression in the company I’m in at at the moment. + +Just interested to see people’s opinions on what i think may be a fairly unique situation. +Are we totally missing the point here!? Are we so insensitive we can't be open to new developments of our great company!? What does this sub stand for (only computer share? Yes DRS is the way!!!) Twitter comments? i personally dont even like twitter, the same NGL pretty funny 30-40 memes we've been seeing all this time, honestly one more bad kenny mayo joke and im going to shove the next bottle i find right up the old rick hole. Turning our backs on the literal company you are invested in that is NOT the way! + +&#x200B; + +There is more about this story than just locking the float, ryan has a vision and eventho there isnt much info that he communicates to us, he certainly is telling his investors to go and use HIS new product! + +&#x200B; + +I completly agree that NFTs right now and hell even crypto has no real use in the world right now, it does nothing at all besides being a financial instrument, we as the whole world will finally see a real use unfold for blockchain technology - a digital marketplace! sell your games, sell your items, get rich playing games and never get used or turned upside down by greedy game developers ever again! + +&#x200B; + +>Lmfao. Dumb NFT giveaways. Bruh. GameStop is literally asking us to beta test a product that could potentially be a catalyst for MOASS. In the last two weeks we’ve discovered that NFTs in GameStop wallets can be games. In a few months? Years? Hopefully NFT stock certificates. Blows my mind that there are some apes who don’t even participate in beta testing a GameStop product that we’ve been drooling over for the last year and some change. + +&#x200B; + +It does not have to be one or the other, we can have legit creators on this sub and amateur low quality on another sub, completely banning it from Superstonk is NOT the way! We will only isolate this sub further and further, it's the same as the FUD campaign we noticed against purple rings while obviously Ryan wants investors to go that route, now again it's clear what ryan ask of his shareholders and again theres this massive pushback against it. + +&#x200B; + +>"If his forces are united, separate them" - Sun Tzu I go to SUPERSTONK for news, entertainment, progress of the purple circle and all things $GME. + +&#x200B; + +There should be no monetization on this sub to discourage scammers and grifters, that way we can keep it clear and friendly, people from this sub should be excited to share their digital work for free because they know they're in good company and want to reach the right people to share their work. + +&#x200B; + +>The only reason ( that I'm personally making things and giving them away) is because it's this sub. And I'm giving them away to fellow holders. New sub? Lol I'm not making anything. Idk if they are holders or not so why would I go out of my way to keep making things and giving them away if it's not for my fellow holders ? + +&#x200B; + +Post flooding sub? bearly enough content to forum slide just about anything. + +I keep seeing this argument but if you frequent the sub you know this isn't a big deal at all, the DD is done, it's great when new DD comes out but it will never change: Buy - Hold - DRS. + +&#x200B; + +>This community only works with a variety of content. If it were literally all only purple rings or NFTs or memes it would either and die. My engagement comes from liking all the purple rings I see and commenting on other content and reading longer DD and similar high quality content posts. All of these are necessary. + +&#x200B; + +This is Gamestop turning the corner into a tech company and some of you reacting like there's some bad actors trying to destroy the sub, i suggest these people check themself because they're on the verge of borderline paranoia. + +&#x200B; + +I SAY YES TO THE CHAIRMAN AND YES TO HIS NEW PRODUCT - KEEP ALL NFTS ON THE SUB + +Regulate them, mod them, just like with any other thing that has happend in the past! + +&#x200B; + +>Stop with the FUD polls. Let the downvote system work and the sub to decide organically when these become things. +> +>The FUD polls are just shitting on NFTs like the rest of the internet and you’re doing a disservice to shareholders by hosting the polls. + +&#x200B; + +&#x200B; + +POWER TO THE PLAYERS! + +&#x200B; + +Disclaimer: I'm an idiot! + +Thanks to : + +[hellostarsailor](https://www.reddit.com/user/hellostarsailor/) + +[DutySpirited](https://www.reddit.com/user/DutySpirited/) + +[\_\_\_STOMPY\_\_\_](https://www.reddit.com/user/___STOMPY___/) + +[diamondsR4lever](https://www.reddit.com/user/diamondsR4lever/) + +[DutySpirited](https://www.reddit.com/user/DutySpirited/) + +&#x200B; + +Edit: Wurds +[Robinhood](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf) + +[TD Ameritrade](https://www.tdameritrade.com/retail-en_us/resources/606_disclosure/tdainc-TDA2055-q4-2020.pdf) + +[E\*Trade](https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf) + +[Fidelity](https://clearingcustody.fidelity.com/app/proxy/content?literatureURL=/9901330.PDF) + +[Tastyworks](https://assets.tastyworks.com/production/documents/sec_rule_606_report_q4_2020.pdf) + +[Charles Schwab](https://content.schwab.com/drupal_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf) + +[Interactive Brokers](https://www.interactivebrokers.com/ibkr606Reports/IBKR_606a_2020_Q4.pdf) + +[Merrill Edge (BofA)](http://public.s3.com/rule606/bofas/606-BoFAS-Q42020.zip) + +[Webull](http://public.s3.com/rule606/webull/606-WBUL-2020Q4.zip) + +&#x200B; + +Recently I've become frustrated with the quality of my option order fills on TD Ameritrade account, so I decided to investigate how much of a kickback do brokerages get for option order fills. In comparing these reports, I have deducted the following summary: + +Stocks + +* Interactive Brokers: Pays for order fills and may receive volume discounts +* Fidelity: Does not receive payment for order flow +* Merrill Edge (BoFA): Does not receive payment for order flow +* Charles Schwab: Gets paid approx $0.07 / 100 shares of stock +* WeBull: Gets paid approx $0.10 / 100 shares of stock +* TD Ameritrade: Gets paid approx $0.12 / 100 shares of stock +* Tastyworks: Gets paid approx $0.15 / 100 shares of stock +* E\*Trade: Gets paid approx $0.18 / 100 shares of stock +* Robinhood: Gets paid approx $0.37 / 100 shares of stock + +Options + +* Interactive Brokers: Pays for order fills and may receive volume discounts +* Fidelity: Gets paid approx $0.17 / 1 option contract +* Merrill Edge (BoFA): Gets paid average $0.27 / 1 options contract +* Charles Schwab: Gets paid approx $0.38 / 1 options contract +* E\*Trade: Gets paid approx $0.47 / 1 options contract +* Tastyworks: Gets paid approx $0.50 / 1 options contract +* Webull: Gets paid approx $0.52 / 1 options contract +* Robinhood: Gets paid approx $0.62 / 1 options contract +* TD Ameritrade: Gets paid approx $0.75 / 1 options contract + +I'm not sure if these kickbacks translate to order fill price improvements, anyways if my reasoning is correct, would this mean that IKBR / Fidelity would have better order fills and Robinhood would have the worst at stock order fills and TD Ameritrade for options? +Does anyone know if there is a reason for the selloff thats going on right now? By reason i mean news or something like that. Nasdaq just lost nearly 500 points in 2h, tesla is down 200 dollars from the high of the day and so on. There is unusually high volume for this time of the day aswell so it looks like institutions are selling like crazy for some reason. +I'm a 27 year old female, working 2 jobs: m-f office job, $15/hr, health insurance and standard benefits. The other is a retail job on Saturdays and Sundays, $10.50/hr, about 12-15 hrs per week. My rent is $820/mo, car is $179/mo, I try to save on groceries but it ends up being about $25-30 per week. Everything I don't spend goes to savings. I have no debt, about $55k in savings. + +I'm really feeling the wear of working every day. My boyfriend broke up with me a month ago (not related I know, but I haven't been in a great mood since it happened. I like having the extra money, but I really hate my retail job. I'm finding it harder to pick myself up and go to work every day. I don't know what I'm saving for anymore, it was going to be for a house someday but that seems pointless. I don't know, I don't really like much about my life anymore. Not going to a job I hate is at least something I can do to change it. + +Sorry for the rant. Does it make sense to quit this job? + +Edit: Wow, I did not expect this many responses, thank you all so much! I officially put in my 2 week notice for the weekend job last night, it's time to think about me! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I've often seen people say how they believe money will rush to crypto when we have the next financial crisis. + +I want to understand the argument for this theory because I've not really seen one and we don't seem to have much to reference as the last crash was in 2007. + +Please can someone provide an argument for this? +I had such a good year, up over 100%. Had a solid strategy that was making me gains that I was proud of and I was steadily growing towards my goal. + +I made the worst mistake jumping on the AMC trend and it shattered my portfolio. Pretty much what I deserve from following the trend and deviating from my strategy, but it’s demoralizing to say the least. My portfolio went from up 110% to down 50%, so I’ve lost half my original investment. + +Since then, I can’t seem to do anything correct to get back green. Each day I’m losing more and getting more discouraged. + +Any advice from people who have been in a similar situation, lost a bunch of gains and are currently negative? + +It took me like 6 months to get over that “FOMO” mindset. The second I followed it again, I pretty much lost it all. + +Just looking for any suggestions or advice on what I should do. Should I pull my money out for now until I get over this discouraged feeling? Should I just keep trying? + +Thanks in advance. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I stopped working on 23rd march, and was called on 17th April by the franchise manager. I was asked by the franchise's manager of our state, if I could send them $1500, twice to show that they had paid me for the period of 30-end of April. They said they did not have enough cash flow to pay all of us for this month. Was it required for them to pay me for the April period to "keep me in the books" or could they have just started me on jobkeeper the next period? + +Edit: I didn't add the full story since it was a bit messy. But the franchise manager said I will get back around $1250 when they pay me back since the $1500 will be taxed. He said I can just claim it off tax return at the end of the year, and that I will be receiving pretty much free money from jobkeeper since they only required me to work 15 hours. He also made it seem like I would not be getting back what the ATO would pay them in may for the April period. So they will keep the 3k from April and he said I will be getting 1.5k every fortnight in the end for the next 6 months anyway. I was guessing if they keep the refund of what they asked me to pay myself in April, it will help them pay jobkeeper for me in may. I declined this since I'm pretty sure it's fraud (them taking the ATO money). I texted him about what he had said, and asked whether he meant something else that I had misunderstood. But he never texted back after a couple days, except trying to call me a couple times which I missed. I talked to another coworker, he said the manager asked the same thing of him and our other coworker (female). He said he didn't have money to send him anyway and declined transferring money. Manager told him the same thing he told me, that it meant he couldn't get jobkeeper and asked him to decline it. I asked the ATO if they could ask us to decline jobkeeper, he said if I'm eligible and want jobkeeper then I should sign yes and accept it. I emailed my boss about the situation of what he asked and she just replied that I needed to just discuss this with the franchise manager. In the end I just reported this. I also heard they only decided to give jobkeeper to the other female coworker and the owners son (I get it he's family). I ended up quitting and declining jobkeeper, which they accepted. +I told my store manager was furious at them and said she will talk to the franchise manager. + +Next day my store manager messages me and retells me how jobkeeper works. But she said they can choose who to put on jobkeeper (I already know this is not true). And they explained how they don't have money to pay the four employees eligible for jobkeeper (I already understood this). Then she said we misunderstood what the franchise manager had said and he didn't explain it well and apparently they did plan on giving back the money we sent them ATO money to us at the end of may and also receive the full $1500 before tax that we are supposed to earn from april from the ATO. I don't get why he did not say over the phone before and seemed like they planned to keep it otherwise he could have replied to my messages on text to explain it. + +They ask me to not quit and come back and they will give us jobkeeper, and we won't need to transfer any money, but keep in mind they will have to go through their own savings to pay us. Also that we have to work 30 hours instead of the previous 15 hours to make it fair. (Both of us never worked 30 hours before and my other coworker only ever worked less than 10 hours a week since he has another job). They know we can't do 30 hours so we still decline and I still quit. +Friday had unusual trading activity in GME swaps. Multiple new swaps were opened at around the same time with very similar parameters. All of them are portfolio swaps that are marked as new trades. + +Portfolio swaps are defined as *a trade in which one party pays the other party an amount based on the price return of an equity security, and the other typically pays an interest amount on the notional value of the equity.* + +The Payment Frequency Period of these swaps is monthly and quarterly. No expiration date was set on all swaps. + +**The total amount of new swaps is 56 million USD, corresponding to 1.18 million shares.** + +[Swap report data for GME on 2022-07-22 in a table.](https://preview.redd.it/d8ppllb02cd91.png?width=2081&format=png&auto=webp&s=b42685b7ffc613138d010eca1e6b452b5471cc8a) + +These are new swaps and not re-priced swaps; if that would be the case, then we should see the termination of old swaps or entries marked as "amendment" in the report data (but there isn't). + +Notably, the values in the Price column are not aligned with the current price of a share, but rather distributed in a range from 4 USD up to 150 USD. Maybe this replicates a certain options strategy or, maybe, it is a large trade that was split for obfuscation to avoid detection. Those trades could also be towards different trade partners. Hm. + +[Amount over Price distribution.](https://preview.redd.it/3z7m4vu98cd91.png?width=3510&format=png&auto=webp&s=0899262df7164d189c30a632d9354e5397713a25) + +[There is a certain pattern when we sort by Price.](https://preview.redd.it/9sr0lokepcd91.png?width=329&format=png&auto=webp&s=c881e3d64ba7250ad50b774db7f8a9edcba70211) + +The mentioned report data can be obtained from the PPD dashboard of the DTCC ( [https://pddata.dtcc.com/gtr/sec/dashboard.do](https://pddata.dtcc.com/gtr/sec/dashboard.do) ), from the section of SEC cumulative equities. +The idea is that if crypto mining becomes unprofitable, there will be a flood of cheap GPUs on the secondary market. + + +I'm a bit new to this so feel free to tell me I'm an idiot but please explain why. +Link: http://nyti.ms/2bJOKG2 + +Thoughts on this? It's not clear what kind of accounts these would be or what investment options are. At first it seemed awesome, but then read about the criticism of previous state run retirement account programs. + +My employer doesn't currently offer 401k, (I haven't worked there that long, and we're small), so this still seems exciting to me. + + +It is almost like cryptocurrencies became stocks, but they are more than that. Not only do they grow in value but can be used as a easier form of payment (among other things). You probably heard about they guy that bough pizza with bitcoin being an idiot, but he was using crypto to pay for something like it was design to do. I completely understand the investment side of cryptocurrencies and that is great but perhaps using it would bring more adoption and in the end increase value. I saw this [news](https://markets.businessinsider.com/news/stocks/bitcoin-dogecoin-btc-payment-cryptocurrency-news-hotel-chain-kessler-2021-3-1030174638) today about Kessler Collection hotels accepting cryptos and about that the author said. + +>with many bitcoin investors preaching the message of "HODL," which means holding the cryptocurrency in the long-term and avoiding selling, it's hard to imagine the hotel chain will see a huge surge of bitcoin payments following this announcement. + +My questions is the “HOLD” culture bad for cryptocurrencies? Should we promote the use of crypto more in the community in general? +Our home appraised for $375k when we bought it last year and our net worth is now roughly $380k. All of our investments are in retirement accounts. Can't pay off the house yet but it'll be knocked out in 10-12 years. Feels good to reach this milestone. +Hi friends. You may remember me from the infamous South Park “lesson on lingo” meme on the OG bets sub that hit #1 post on reddit (can't link it, but it's on my profile). I’ve never been, and will never again be, so loved. I apologize in advance for some of my language choices. Here we go… + + **First thing’s first, let’s all agree right now:** + +https://preview.redd.it/61quvdb4hra81.jpg?width=599&format=pjpg&auto=webp&s=bf5279ae725982dc82e81b2329e631c422af3a15 + +**EVERYTHING FROM RIGHT NOW TO THE MOASS IS SIDEWAYS TRADING**. We used to have someone around here reminding us every day, I miss that. The current price of GameStop stock doesn’t matter. It really doesn’t. Green day? Red day? Candles and triangles and cups and handles? Bears, bulls, Battlestar Galactica, who the FUCK cares. If the price is still below the average amount student loan borrowers owe the oligarchy then I’m not checking the god damn ticker. + +**LET’S REMIND OURSELVES WHY WE’RE ALL HERE**. I’m not talking ‘wen lambo’ idiocracy shit. WE ARE LIVING IN A TOTALLY FRAUDULENT SYSTEM, and we know from all the excellent PEER-REVIEWED DUE DILIGENCE in this sub that hedge funds and market makers colluded, conspired, and BROKE THE LAW to drive GameStop’s stock into the absolute dirt because, well, fuck it’s what they do to make their blood money. “Shorting a stock is necessary for price discovery” they ooze from atop their glass castles, as they drive companies into the ground and send workers to the unemployment line in the pursuit of absolute greed, that Biblical level shit that makes me want to reenact the movie SEVEN. + +https://preview.redd.it/9t908ui7hra81.png?width=480&format=png&auto=webp&s=e005ea6acc4c2646bc2ea92ec63e3b38b4aa0190 + +**THE IDIOSYNCRATIC RISK OF GAMESTOP IS NOT A GAMMA SQUEEZE, IMPLIED VOLATILITY, OR DELTA HEDGING - IT IS THE ILLEGAL NAKED SHORTING WHERE HEDGE FUNDS SOLD SHORT SHARES OF GAMESTOP IN MULTITUDES OVER THE ACTUAL FLOAT.** Our core belief of this entire situation, of the MOASS theory, our chance to WIN against the casino’s stacked odds against us, is that we got wise to the “cellar boxing” bullshit where they would erase companies by cratering their stock price to nothing by shorting the ever-living shit out of them with synthetic shares, so so so so many fake shares that the Short Interest of GameStop was 226%. When a company dies, and the stock price is at zero, no one ever comes accounting for how many shares were out there, who owned or owed what, and who profited from this straight-up execution. There is no CSI crew that investigates these corporate homicides. + +https://preview.redd.it/wr11jwwahra81.jpg?width=500&format=pjpg&auto=webp&s=1450b2049dee379830e08dd71f1105bb9cd353bb + +**THERE IS NO EXISTING FACTUAL MECHANISM FOR TRACKING THE TRUE NUMBER OF SHARES ON THE MARKET OR MONITORING NAKED SHORT SELLING.** The SEC is as toothless as Gary is bald (sorry my man, but *facts*). The DTCC *might* actually know how many shares of GameStop are out there, but they’re the ones we’re trying to take down, so they’re never going to release that information. FINRA? SHORT POSITIONS ARE SELF-REPORTED! Imagine asking the kid in the back of class sniffing glue and jamming crayons up his nose to grade his own book report. The little bastard thinks Animal Farm is a warning against Socialism but he still gets an A+, I know, unbelievable, but this is the level of fuckery we’re dealing with here. + +**SHARES OF STOCK IN BROKER OR RETIREMENT ACCOUNTS DO NOT LEGALLY BELONG TO US AND THE INSTITUTIONS WILL LEND THEM.** Brokers are not your friend, they’re your Uncle that makes inappropriate comments about the size of your tits at your 8th-grade graduation party. All shares in the market are actually registered to Cede & Company, a financial institution whose role is to process transfers of stock certificates. When we buy on brokers, the broker finds some shares (if they even DO find shares, looking at you Boy from Bulgaria) and then they’re in your name… but not really tho. It’s “street name” only, which doesn’t really mean jack shit to the DTCC when hedgies need shares to keep short selling and driving the price of a stock down. Remember every certificate legally held by Cede & Co is considered to be “reasonable to locate,” which means the hedge funds can go ahead open short positions, borrow and sell shares, without ever having them in the first place because the assumption is that they can “locate them” if they need them. On the other side, thanks to Fudelity’s shares-to-borrow blunder a couple of months ago, we know our shares even in cash accounts and retirement accounts, which they pinky promise-womise they don’t lend out, are in reality being lent as shares available to short. Classic double dutch door action, we’re getting it from all sides. + +https://preview.redd.it/1bwl4p5ehra81.png?width=610&format=png&auto=webp&s=72264b28ebacea6195271ba17dda2190dcb62254 + +**WHEN THE NAKED SHORTS FAIL TO DELIVER, THE HEDGIES USE DEEP OTM OPTIONS CONTRACTS TO KICK THE CAN AND HIDE THEM.** They can do this, create these deep puts, because if they need to kick the can on 10 million shares the DTCC can say “look, Cede & Co has over 10 million shares of GameStop in the market, it’s totally plausible you could get all the shares you need for these contracts… WINK WINK BOIS.” Options contracts are as GOOD AS SHARES to the DTCC, hedged or not! OPTIONS CONTRACTS ARE BEING USED TO PROVIDE LIQUIDITY TO THE MARKET. They NEED that pool of shares in Cede & Co to back them. It is their lifeline - if there are no shares to reasonably locate down the line, they cannot punt their FTDs with options. + +**THE ONLY 100% ABSOLUTE FUCKING WAY TO STOP THE FLOW OF LOCATABLE SHARES, STOP SHARES IN BROKERAGES FROM BEING LENT OUT FOR SHORTING, ELIMINATE THEIR ABILITY TO PUNT FTDS, AND TO UNDENIABLY PROVE THAT GAMESTOP WAS ILLEGALLY NAKED SHORTED IS TO REMOVE SHARES FROM THE SYSTEM VIA DIRECT REGISTRATION, BRICK BY BRICK.** We snatch those shares and run like we stole’em. That’s it. That’s the whole ballgame. We LOCK THE FLOAT in OUR NAMES via DIRECT REGISTRATION with Computershare and we’ve taken away all of their power and given it to US. POWER TO THE PLAYERS. Ryan & the GameStop board can announce that the float is locked (they announced the DRS numbers in their last quarterly filings, so we know they can make this public) and then KABOOM. Shorts must close their positions with REAL SHARES and WE HAVE THEM ALL. What’s my price? I don’t know, but mama ain’t raised no paper-handed bitch. + +https://preview.redd.it/01dv5lxhhra81.jpg?width=876&format=pjpg&auto=webp&s=e2e326e3175eeda4dba7268a2d9994e7f7cdaba5 + +**DRS IS THE WAY, IT IS CHUCK FUCKING NORRIS DELIVERING A ROUND-HOUSE KICK TO THE DOME OF THE HEDGIES, IT NEEDS NO BACKUP OR ASSISTANCE.** There’s a lot of pushing out there now about how we need a ONE-TWO PUNCH to finish this fight, but that’s actually retarded, because DRS IS THE WAY. How can you argue, if something is THE WAY, that it needs more… the way? I can’t be the only one who sees the fallacy in this logic. Every dollar you have to contribute towards MOASS should be spent getting shares, RIGHT NOW, from the brokers into YOUR NAME via Direct Registration. Someone did some “napkin math” where they said if you have $4800 you can buy a couple of calls for March and, if EVERYTHING GOES PERFECT with the stock price and it goes up $130-ish more per share and it DOESN’T magically close at max pain, then you MIGHT JUST MAYBE end up with 100 shares two-and-a-half months from now. OR you could get totally fucked and have ZERO dollars and ZERO shares in two-and-a-half months. OR you could take the $4800 and get 34 shares, NOW, in YOUR NAME, and then when the float is locked and the hedgies have to buy your shares… what’s 34 multiplied by infinite losses??? My napkin math just says “hedgies r fuk.” + +**BUYING PRESSURE AND FORCING THE SQUEEZE BY GAMMA RAMPS AND OPTIONS MECHANICS DOES NOT MATTER WHEN THE PRICE IS WRONG ON A HEAVILY MANIPULATED STOCK.** This has NOTHING to do with how well or not you understand options and everything to do with their TOTAL IRRELEVANCE when it comes to the SUPREME ULTIMATE POWER OF DIRECT REGISTRATION. I really have to wonder why suddenly there seems to be this big rush to FORCE something to happen, to create this magic “buying pressure” on a stock where the market has NOT been playing by the rules since day one. They turned off the market in January 2021, do you think they won’t do that again? Do you think they haven’t been spending the last year figuring out all the different ways they can halt us again if we should somehow, someway, generate mass FOMO and buy-in again? Every time we think we have some crazy pattern or cycle figured out and got all hype what happened? A big fat NOTHING BURGER. Do you truly believe they don’t already have a plan in place for when those puts expire later this month? What is this weird desire to get “the OG sub” back in on GameStop and to have them FOMOing in? None of this makes sense when viewed through the lens of DRS IS THE WAY. I can’t be the only one who feels like there’s a real desire to keep us from putting every last cent we have towards DRS. There is no DRS equivalent for controlling options once the contract is in the market, there’s no way for us to control the power over options as we can with shares registered in our names at Computershare. Options leave you exposed. WE ARE SUPPOSED TO BE ATTACKING THEIR INFINITE RISK, NOT ADDING UNDUE RISK TO OURSELVES. + +https://preview.redd.it/wwv1tz4lhra81.jpg?width=500&format=pjpg&auto=webp&s=cd7336fe70dca97168ae04d491cd38bbf401ceee + +**NO ONE IS DENYING THAT DFV USED OPTIONS, BUT TO HARKEN BACK TO HIS OPTIONS PLAY WITHOUT ALSO ACKNOWLEDGING THAT HE HAD THE ADVANTAGE OF BEING FIRST, WITHOUT ALSO ACKNOWLEDGING THAT THE LANDSCAPE HAS COMPLETELY CHANGED IN THE LAST 12+ MONTHS IS DISINGENUOUS.** DFV’s calls had strike prices of TWELVE DOLLARS when the stock was going for like TWO BUCKS A SHARE. They cost him POCKET CHANGE to buy each contract. Comparing his options play to the current market is like drilling a hole in a coconut and calling it a pocket pussy. Sure, you can stick your dick in it, but don’t come crying to us when you’re left with nothing but penis colada. + +**WE HAVE BEEN IN THE SHIT NOW FOR A YEAR, HERE ARE SOME MORE THINGS WE’VE LEARNED ALONG THE WAY:** +NO DATES except that EVERY DAY is a GOOD DAY FOR MOASS. +NO HEROES. We thank everyone who contributes to this sub but never lose your will to critically think and independently research & verify any and all information that is presented here. +STAY ZEN. There’s no reason to get worked up over the ticker movement or whatever bullshit the MSM is spewing this week. +WE CAN STAY RETARDED LONGER THAN THEY CAN STAY SOLVENT. Believe in the plan. It’s been a year, what’s another six months? What’s another year, or two, or five? +BUY, HODL, DRS & SHOP GAMESTOP. + +**A 30,000 FOOT REMINDER: ALL OF THE ENTITIES ENTANGLED IN THIS FRAUDULENT SYSTEM, THE ONES WHO ARE SUPPOSED TO EXIST TO PROTECT OUR INTERESTS AND OUR ASSETS, ARE CRIMINALLY COMPLICIT.** How many of you still have bank accounts with Bank of America, Wells Fargo, Citi, Goldman, Chase, etc, on and on down the line, these crooks who fuck us for their own greed, and when your rent check overdrafts they charge you a fee for not having any damn money? Get out of that shit. Today. A local non-profit Credit Union is a good place to start. Do your homework. We need to exit ALL of it. If you have any stonks that aren’t GME, find out who their Transfer Agent is (it might even be Computershare!) and figure out how to DRS with them, too. I’M NOT SAYING DON’T PAY YOUR TAXES. No, you should pay that shit, don’t fuck with the IRS. Those bastards got Capone. + +https://preview.redd.it/osaqbccqhra81.jpg?width=1200&format=pjpg&auto=webp&s=05a5cd83e555c6955dc353091eb92aeb6743e66b + +**THE SUN IS GOING TO EXPLODE, GIVE OR TAKE 4 BILLION YEARS, SO NONE OF THIS REALLY FUCKING MATTERS.** Don’t waste the only life you get on bullshit. Something’s going to get you, on a long enough timeline everyone’s survival rate drops to zero. This is our best chance to effect actual change in our lifetimes. We all like to daydream about spendin’ tendies on possessions and things, but I don’t think there’s any doubt that mass fortunes in our hands would be put to better use for the good of humanity than the people who simply want to acquire wealth to die with the most toys. + +**I’M FUCKING SPENT, SO HERE’S THE END.** Obligatory, not financial advice, I am not a financial advisor, I just like the stock. Be excellent to each other, call your mother, BUY, HODL, DRS, AND SHOP GAMESTOP. + +https://preview.redd.it/ui9c36lshra81.jpg?width=635&format=pjpg&auto=webp&s=9d50f8b281f5222587a9bf193eec6691e635ae9c +After seeing some posts a few months ago about people collecting items to signify wealth milestones, my wife(27) and I(29) decided to do the same. Our net worth recently reached a major landmark and it seemed like a good time to start. We decided at each $10k milestone we would buy a bottle of wine to enjoy in celebration. We would then write the date and wealth milestone number on the cork, and drop it in a large glass jug we found at Target. We are keeping the jug on our bedroom dresser, and it actually looks pretty great. We decided to write the wealth number in roman numerals to subtly avoid questions in case anyone takes a good look at the corks. I've linked a couple pictures of our set-up below. + +[https://imgur.com/a/PJLX3JG](https://imgur.com/a/PJLX3JG) + +I think this tradition will work well for us. The bottle of wine, and the satisfaction of dropping another cork in the jug, acts as a carrot on a string. + +Happy savings, and happy thanksgiving! + +For clarification, these $10k milemarkers will certainly have to change as our portfolio grows. For now, this seems like the right amount for us given where we’re at. Also, we’re using a “high watermark” approach where we won’t celebrate the same milestone twice, but only those which are new all time highs. +My wife (32f) and I (36m) currently have around 450k in retirement accounts. I’m considering the idea of ceasing contributions to those accounts (403bs for each and Roth IRAs) and putting all our extra money into other investments. The 450k is reallocated each year following the bogleheads 3 fund strategy, but a bit heavier on VTSAX. + +We also own a 4plex (180k at purchase) which about breaks even and a townhouse (250k) at purchase. Rents are 3,000 and 1850 per month, respectively. + +If we don’t contribute anymore to the retirement accounts I figure that when I’m 62, we’ll have just over 2MM in retirement fund assuming 6% annual growth. And I think that’s enough. + +I want to pay off my primary mortgage, rentals, and invest in other things I have yet to discover. And some in probably a taxable account too. + +Is anyone else doing this? Am I foolish to stop contributing with only 450k? + +(Combined income for wife and I = ~225k/year +And I do consulting on the side, this year looking at 25k after tax. I don’t count this in projections, it mostly used to offset childcare.) +Hi people from Reddit! + +I have a question. Is it wrong to assume that if I put money on some big companies, let’s take google as an example, I will make profit anyway over the course of let’s say 30 years? If, of course, those companies don’t go bankrupt.., + +The reason I ask is that I want to put some money on the stockmarket, but I can’t be asked to keep an eye on the market every single day... +Goldman Sachs has reported a 47 per cent drop in second-quarter profits, as the Wall Street giant suffered from a slowdown in investment banking fees and plummeting revenues in asset management. + +In second-quarter earnings, Goldman reported on Monday net income of $2.9bn or $7.73 per share, down from $5.5bn or $15.02 per share in the same period last year. This was still ahead of analysts’ estimates for $2.6bn or $6.65 per share, according to consensus data compiled by Bloomberg. + +Net revenues for the first quarter totalled $11.9bn, down from $15.4bn a year earlier but beating analysts’ forecast for $10.7bn + + +Source: Goldman Sachs profits nearly halve as dealmaking slows - https://on.ft.com/3RH9QG8 via @FT +They fucking did it. This shit is unbelievable. + +General Motors takes 11% stake and $2 billion in equity in electric truck maker Nikola + +https://www.cnbc.com/2020/09/08/general-motors-takes-11percent-stake-and-2-billion-in-equity-in-electric-truck-maker-nikola-.html?__source=androidappshare + +I'm speechless. +That guy's farewell post to this sub was timely for me as I only recently began to fully understand the quant process. I'm a long-time fundamental trader that wanted to learn about quant finance and see how it can improve my results. Like many newbs, I began by learning the basics of python through some online courses and then jumped into creating algorithms on Quantopian. My process was coming up with an idea, creating an algo, and then running a backtest and analyzing the results. However, after finally getting trough all the Quantopian lectures, including one on quant workflow, I began to understand I was doing it wrong - that the algo should be last. The key part of the process is coming up with an idea and testing it in a workbook environment. Only if the hypothesis proves true through statistical analysis, including out of sample, should you then work on the algo. I believe that was one of his big points - people tend to focus on the programming and systems while ignoring the most important part, which how to find a predictive factor. + +At this point I'm using Alphalens to analyze fundamental and technical factors on certain sectors, as well as evaluating factors for market timing utilizing pandas and statsmodels. If the results are promising, I then create and test the algo. + +What's your process? +Hello! I'm currently a machine learning engineer working primarily on computer vision related deep learning research. So I have decent coding/math/ML prerequisite knowledge, but have zero finance background (unless you count an undergrad minor in econ). + +What's the best way for me to jumpstart a path toward algo trading? I've seen a bunch of job listings from finance companies looking for deep learning researchers, but don't really have an idea where to start learning how to apply ML to this domain. I just started reading the book Advances in Financial Machine Learning, but what other resources should I look into? I almost signed up for Udacity's new AI for Trading nanodegree, but figured it's probably very overpriced. Any direction would be greatly appreciated! +I quit three days ago, I've called the manager and talked to him about when I would get paid, but nothing has returned yet. He also wont answer my texts which is why I call him. This is in California, so I am pretty sure I should be getting my paycheck. Any help as to what I should do? +Great rates, EU roaming, international minutes, rolling contracts... It's all good news. Roaming in particular is great as I travel for work occasionally. + +But are these providers too good to be true? What's everyone's experience? Why are they so much more competitive than big providers such as O2, Vodafone, etc? + + +# + +\*\*-   P2PB2B LISTING BY MONDAY   -\*\* + + CG AND CMC – Confirmed to be listed next week! + +!! AUDIT HAS BEEN COMPLETED !! + + 100% organic community gowth + + 3.6k in the TG Group + + Website is published + + \* DEVs are doing a hard work to deliver to us a fully functioning app, with na integrated store to the tokenomics \* + + Whitepaper available for those to view and see the plan + +The team is fully doxxed/publicly known and very active for the community + +FullSendCrypto Is a DeFi Protocol centered on two key areas within the project; + +The Full Send Trading App will consist of our Open Source Decentralized Trading Platform, whereby trading algorithm developers can publish their trading bots on the platform and users can purchase access to unlock the Trading Bot of their choice, in the asset class or market of their preference. + +Profits will be split between the Trading Bot Developer who published, and the Liquidity Pool for the Full Send Token. + +Other major implementations: + +\\- Learning platform for crypto-noobs + +\\- NFT shop – Fully integrated to the mobile app \*soon\* + +Another function they are working on is trying to partner with the real life NelkBoys, FullSend legit! + +\\- Incorporating FullSend store onto the App + +\\- Utilizing FullSendCrypto to make purchases on FullSend merch, app, website, etc… + +Website: \[www.fullsendcrypto.net\] + +Telegram: [https://t.me/FullSendCrypto](https://t.me/FullSendCrypto) +**DISCLAIMER:** I've had multiple people reach out and request that I repost my original post from earlier this week with images contained in the body for better visibility. I apologize in advance if you've already seen/read the following post. + +It was also requested that I add links to may follow-up posts this week on the same topic: + +POST 2: [**Castleview Partners LLC - Funny Business tied to my recent post regarding BRK.A**](https://www.reddit.com/r/Superstonk/comments/uqzk68/castleview_partners_llc_funny_business_tied_to_my/) + +POST 3: [**BRK.A Funny Business Continued...**](https://www.reddit.com/r/Superstonk/comments/us74t1/brka_funny_business_continued/) + +POST 4: [**BRK.A - Funny Business Part 4 - NO WAY THIS IS AN ACCIDENT**](https://www.reddit.com/r/Superstonk/comments/utmwdu/brka_funny_business_part_4_no_way_this_is_an/) + +**Forward (About Me - First Time Poster)** + +Hi APES, this is my first post ever (post, comment, up/down vote, etc.), so be gentle (Mods, if I've used the incorrect post flair, let me know and I'll be happy to update). I have been a long-time lurker, since the sneeze. I created an account some months later, with the intent of posting when I felt I had something worth contributing. I’m a DRS’d APE and long time Holder/Hodlr. To say I’ve put my money where my mouth is would be an understatement. + +I’d consider myself a fairly intelligent, highly educated individual with a background in S.T.E.M. I own a S.T.E.M. based business. I do not have an accounting or finance background, and no formal education on the markets or market mechanics. I’ve learned a tremendous amount from this sub, and from all of you (for that I’ll forever be appreciative). My prior market education was from the school of hard knocks being a retail investor for over a decade. I have always felt the system was somehow setup/rigged against me. I felt “I’m not unintelligent”, but no matter what I bought, sold, held, or when I did such - every time seemed to be the wrong time. I always thought, there’s no way I can be this good at being wrong, no matter what I do. Spoiler alert, after this past year and a half of educating myself, I’m convinced the system is rigged (but that’s not what this post is about). + +Fast forward to the sneeze, and I knew there was something larger going on than just a brick-and-mortar company being the target of retail investors for a squeeze. At that time I started heavily digging into the financial markets, and events surrounding GameStop. I’ve migrated with you all through several sub migrations, have read all of the amazing DD (shout-out to DFV, [u/atobitt](https://www.reddit.com/u/atobitt/), [u/dlauer](https://www.reddit.com/u/dlauer/), Dr. T, and many others for pulling the curtain back for the common folk). I’ve literally been on the sub daily (I don’t think I’ve missed a day yet perusing) reading, researching, and watching theories and hypotheses on various topics present themselves and get peer reviewed by the great hive mind that is this sub. Aside from the bots and shills, there are a group of individual investors with diverse backgrounds who continue to display tenacity, moxie, and a true passion for being a light in a world of darkness. I’m happy to stand, as an individual investor, invested in a company I truly believe in, with Leadership I’d stand behind through any ups or downs, shoulder to shoulder with other individual investors making a similar independent decision to be a part of a company and team they believe in. + +Without further ado, the following are a few thoughts for consideration on things I’ve observed relating to BRK.A shenanigans (this is all my opinion and speculation and is in no way financial advice): + +**BRK.A** + +Someone postulated months back that price/volume spikes preceded GME runs. credit to [u/digitlnoize](https://www.reddit.com/u/digitlnoize/) + +Recently, [u/fastpath7](https://www.reddit.com/u/fastpath7/) provided a speculation/opinion post which shows back in 2021, around the time of the sneeze, artificial crash, and subsequent bounce back, that BRK.A’s volume by exchange radically shifted from being on lit markets, to being 90%+ off exchange (dark pools), and less than 10% on lit exchanges, and has remained that way ever since. + +[\(from their posts for reference - all credit to u\/fastpath7\)](https://preview.redd.it/u6c6voktdw091.png?width=1374&format=png&auto=webp&s=6c8521bf5de93c09a488a36ed79a340f8f720170) + +A similar recent post by [u/katarinawinemixer](https://www.reddit.com/u/katarinawinemixer/) provided a speculation/opinion post showing the volume significantly increasing during the same time period, and staying significantly higher ever since. + +[\(from their posts for reference - all credit to u\/katarinawinemixer\)](https://preview.redd.it/fbbhkfhvdw091.png?width=1374&format=png&auto=webp&s=d181f4c6aafe7d7f05156a891da1278d4f9d7c53) + +This really got me thinking, why would the volume spike (and stay elevated), as well as the off exchange trading? Then a light-bulb went on. Though this could also be related to swaps, or other instruments - I’m too smooth on the mechanics of these instruments to provide a definitive statement on how those could be used to also be driving this, but I propose the following more simplistic hypothesis for consideration: + +Hedge Funds, Family Offices and Other Financial Institutions had been heavily shorting companies into bankruptcy, then early 2021 rolls around. They get caught over exposed, stuck with short positions exceeding 100% of the float, and are starving for collateral to maintain margin due to the elevated price of the company’s stock. We know parties involved in the shorting of GameStop had collateral issues (as evidenced by the $2.5 billion dollar bail out, I mean loan, by a Hedge Fund and Market Maker to an over Exposed Hedge Fund). Perhaps the events surrounding Archegos blowing up could’ve also been interwoven. The buy button was turned off because GameStop posed an idiosyncratic risk to the financial system. The smaller dominoes were beginning to fall, and it ultimately would have resulted in the failure of much larger dominoes had crime not stepped in to stop the inevitable. + +https://preview.redd.it/9b0m6xcxdw091.png?width=1372&format=png&auto=webp&s=d1c747927dbe7f265ace329d49728b7a416cf3b6 + +**Now for the thought experiment (hot potato):** + +Say there are three (3) firms (certainly more have been involved?), and they are starving for collateral. Someone buys a significant amount of BRK.A (on a date around the time in graph above with volume skyrocketing around the time of sneeze). It has been mentioned by others previously that BRK.A is considered pristine collateral. It’s also been theorized that collateral from BRK.A can be leveraged at large multiples. So, for this thought experiment, these “three” firms have a collective vested interest in no one of them failing, as any one of them failing will start a chain reaction (dominoes falling) ultimately causing them all to fail. They quickly get together and collaborate to try and ensure none of them fail. Say Party A needs collateral, and Party B bought or holds the significant BRK.A position noted above. Party B makes an agreement to “sell” Party A their BRK.A off-exchange (ie: they transfer all or a portion of the position), to satisfy Party A’s margin call or collateral requirement. Then Party C gets a margin call, Party A transfers to Party C, then B gets called, C transfers to B, and so on. All of this off exchange activity shows up as volume of shares being traded (as it has to get reported I believe), and the off exchange volume shoots to 90%+ because a huge amount of volume is changing hands playing hot-potato to avoid margin calls and meet collateral obligations. The normal volume and normal lit exchange activity may or may not have changed a whole lot from pre 2021, but is being “washed out” by the magnitude of off-exchange hot-potato activity that is occurring, potentially on a daily basis, to meet collateral obligations. This could potentially explain the spike in daily volume as well as the percentage of off-exchange trading occurring. + +**Additional Funny Business:** + +When looking at BRK.A’s volume, it’s hard to not notice that there is a large volume spike at 9:00am (EST) every day as indicated below. + +https://preview.redd.it/vhxp7moydw091.png?width=1372&format=png&auto=webp&s=1b3129eb6790765df38141b50817d1eac415f84d + +**Funny Business Continued...** + +According to recent 13F’s, Castleview Partners, LLC is the largest BRK.A shareholder at a whopping (I’m sure it’s just another “glitch”) **9,914,564** shares, or $4.6 TRILLION dollars as of Friday’s close at $465,011 per share. Let me repeat that; they have a reported **9,914,564** share position in BRK.A. + +https://preview.redd.it/hq68qsuzdw091.png?width=1408&format=png&auto=webp&s=3cb41ba771886a264cbd65282ec59866d3d6b7e0 + +From SEC.gov + +https://preview.redd.it/7o5opcb1ew091.png?width=1392&format=png&auto=webp&s=ede19dfbf5d2545f9229bef83274f98416201890 + +2nd largest BRK.A holder according to recent 13F’s Royal London Asset Management LTD at a whopping **864,132** shares, or $401.8 Billion dollars as of Friday’s close at $465,011 per share. For those of you in the back, again, that was **864,132** shares!! + +https://preview.redd.it/sd1m9dw2ew091.png?width=1404&format=png&auto=webp&s=abf7222cf730ff0c1a55cde6008698f6dfe1ae37 + +Through various financial sites, BRK.A appears to have around 1.5M shares outstanding and a total Market cap of $684 Billion. Assuming this is accurate, Castleview Partners LLC has more than 6x available shares and Royal London Asset Management LTD has 2/3 available shares and Market cap? There certainly appears to be some major funny business occurring here. The Castleview position was reported Feb 17, 2022 (the entire position was new), and Royal London was reported May 13, 2022 (99%+ of the position was new). Glitch or Crime, tomato / toe-mah-toe. + +As others have previously stated and commented, I certainly think there is funny business occurring in BRK.A, and I think it is directly related to events occurring with GME. I will continue to dig, and I encourage others to do so. + +As a final note, in the event Ryan Cohen reads this post - Thank you for being who you are, and standing for what is right! You’ve earned my full trust and support, and I’ll happily support you and the team in any way I can! (Hat tip) + +Though new to the sub, I also want to give a shout-out to [u/RealPulte](https://www.reddit.com/u/RealPulte/) for who you are and what you are standing for as well. I’m blessed to be in the presence of other like-minded APES! + +P.S. I hear if you say [u/RealPulte](https://www.reddit.com/u/RealPulte/)’s name 3 times, he appears. Pulte, Pulte, Pulte? + +**TLDR:** + +* I’m an APE and truly appreciate you APES. +* BRK.A appears to have unarguable funny business surrounding it, that I can’t help but believe is directly related to GME as others have postulated. +* BRK.A has obvious 9am (EST) large daily volume spikes. +* BRK.A has very strange, recently reported 13F data (shares that exceed total shares outstanding, many times over - from one reported holder). +* Ryan Cohen and Company are second to none! +Hi all - My wife and I are going to be supporting an aging parent, and I’d like to hear your experiences. In particular, budgeting for skilled care and/or private nursing homes. + +Details: +My wife’s mother has recent ‘retired’ (63). She has no real savings/insurance and is reliant on a relatively meager social security payment. She did the best with the hand she was dealt, and raised 3 kids as a single mother on a secretaries’ wage. Mother in law is currently in good health. + +Tentative plan: + +1. My wife’s sister will be buying a new house with an in-law suite so MIL can age in place. Their income is just above median HHI. So my wife and I will provide down payment assistance as anon-recourse IO loan at the federal long term rate - we will gift the interest payments and at the amounts we’re discussing, they will be WELL below annual gift limit. + +2. Gift MIL up to limit, as needed, from each me and my spouse. + +3. Pay for private skilled care/nursing home when required + +Items 1 and 2 are not ideal, but manageable - up to and including my wife’s sister deciding to welch on the down payment assistance loan. Item 3 - Moving to skilled care/nursing home is the great unknown. They live in an exurb of a VHCOL city and from some basic research - quality care can run 10k - 20k/mo in today’s dollars. + +Any experience would be great, especially around duration and cost for quality care. Seems way too late for a ltc policy based on her age and losses at underwriters for this type of policy. Thinking we should started budgeting/setting aside money now, similar to saving for college (but potentially 2x more and without the benefit of a 529). I’m thinking that in aggregate, I’ll need to work for a couple to a few more years befor RE. +36 married with 2 young children with a networth of 5M, with significant real estate position and index etf on a combined income of 700k. We came from professional working class background and are the first generation in our family to achieve this level. How do wealthier people turn their 7 figures NW into generational wealth say junior 8 figures 10, 20 or 30M aside from the obvious, save and wait for compounding? What do you do differently at different NW level? Do you move into different asset classes? +Hi all, + +The most popular youtubers in the investment community are typically young, early to mid 20s, and the advice they offer is common knowledge, with almost none of it being backed by math and statistical analysis. + +Here is an example: + +Jeremy from financial education. I’m biased, and I really hate this guy. He doesn’t even offer info that is taught in undergrad finance courses. +All of his stock picks are based on common knowledge already built into the price. +His only metrics are forward PE and debt to equity on the balance sheet. + +Also, Other kids in their early 20s who had some luck making trades. + +These guys make far and away more money from their YouTube revenue than from the investment advice they practice. + +Are there any youtubers who have a CFA designation, and have years of experience working in an investment bank on Wall Street? + +I swear, if a candidate like that started a YouTube channel he could dominate the segment... +Natwest are running back to back account switches, this time offering £150 to switch. Exisiting members can switch also if you have another account with a bank. + +https://personal.natwest.com/personal/current-accounts/switch-your-banking-to-natwest.html + +Important information - £150 switching offer +This offer is available to new and existing customers. To qualify for the £150 offer you must: + +Apply for an eligible account between the 7th of Jan and 15th of Feb 2019. + +Complete your switch to us using the Current Account Switching Service by the 22nd of March. + +Deposit £1,500 into your NatWest account and log in to online or Mobile banking by the 22nd of March. + +Happy switching +Looking for suggestions on restaurants globally that you have enjoyed eating at . With this recession already here or looming near I do plan on taking some time away shortly to pursue more life. Please note I am looking for any and all options including and not limited to exclusive dining experiences & remote areas with memorable cuisine. + +Here are my current Top 3 in no order based on meal & atmosphere for fun and for others to make note of in their travels. + +3. Ilios Greek Estiatorio Polanco, Mexico City + +2. Attica, Australia + +1. The French laundry, California + +&#x200B; + +\- Cheers +I currently have about 17k in my account that I use to trade cash secured puts which I’ve only done for 3 weeks doing stocks which have somewhat high volatility. I’m wondering how much I could make annually, how much do you guys make weekly or annually and how much capital do you have? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +As the CryptoCurrency subreddit requested, here you have the full analysis (D.Y.O.R) we did for Loopring (LRC) with our findings. Due to the length (23 pages) and complexity of the report, you can see here only the summary with the conclusions. From now, we have created a grading system for every project and a more objective calculation of confidence meters. + +https://preview.redd.it/smgnasbjgto81.png?width=837&format=png&auto=webp&s=5dfa63e949b6ef3b200fb27d301fa493a8b1b3b9 + +The full report is available at: [https://runus.tech/reports/loopring\_report.pdf](https://runus.tech/reports/loopring_report.pdf) + +If you are interested in seeing more reports, you can find us at [r/runus](https://nn.reddit.com/r/runus/) + +Your feedback is appreciated! + +Disclaimer!: **The HODL meter** has little correlation with the confidence meters. The **confidence meters** as you will see in the report are analyzing the project from a non-investment perspective to check if we shall trust the project and its "story". The HODL meter takes into consideration the current global monetary policy, the current market trend in different markets, macroeconomic situation worldwide, and consumer perception. + +Enjoy! +As the CryptoCurrency subreddit requested, here you have the full analysis (D.Y.O.R) we did for Loopring (LRC) with our findings. Due to the length (23 pages) and complexity of the report, you can see here only the summary with the conclusions. From now, we have created a grading system for every project and a more objective calculation of confidence meters. + +https://preview.redd.it/smgnasbjgto81.png?width=837&format=png&auto=webp&s=5dfa63e949b6ef3b200fb27d301fa493a8b1b3b9 + +The full report is available at: [https://runus.tech/reports/loopring\_report.pdf](https://runus.tech/reports/loopring_report.pdf) + +If you are interested in seeing more reports, you can find us at [r/runus](https://nn.reddit.com/r/runus/) + +Your feedback is appreciated! + +Disclaimer!: **The HODL meter** has little correlation with the confidence meters. The **confidence meters** as you will see in the report are analyzing the project from a non-investment perspective to check if we shall trust the project and its "story". The HODL meter takes into consideration the current global monetary policy, the current market trend in different markets, macroeconomic situation worldwide, and consumer perception. + +Enjoy! +It is obvious to me that the real estate market will crash because of the insane valuations on houses lately. So I am thinking about buying out-of-the-money put options on real estate ETFs, figuring the option's value would magnify greatly in the event of an actual crash. + +Does anyone know good ETFs for real estate using this strategy? +hello. + +i do not qualify for tv licence, i simply do not stream or watch live news/tv at all. + +&#x200B; + +i keep getting these "threatening" letters of inspectors visiting my property soon. is this even legal? can they step inside? just curious about this +Hi all, + +I'm a 20-something who's been working for around 5 years. In that time I've accumulated around 40k in pension contributions. My company's private pension plan was setup with Aviva. I'd never paid much attention to \_what\_ my pension contributions were going into, trusting to sense on the part of the default plan. + +I've grown somewhat in my financial literacy and wanted to take a look at the details a few months ago. Turns out my pension contributions were going into a fund that had roughly 40% in Bonds and the rest in UK equities. The performance graph had my investments pretty much returning NOTHING over the last few years - the contributions line and the pension value line were the same. For my own ISA investments I would never have picked a fund like this, and would have instead chosen 100% equities on a Vanguard low-cost North American index (or something like VWRP for that international diversification). + +I don't know why the default fund was set to this - I'm young so the volatility of stocks isn't an issue. I've since adjusted the fund to be the [Aviva Pensions BlackRock US Equity Index Tracker S6](http://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx?user=Aviva_lifecust&type=packet_lp_fund_unit_doc_factsheet&Sedol=B0ZDNB5) fund, and now the performance graph is showing the growth I'd expect it to (up 3k over the last few months). + +At the end of the day, you pick your poison. Maybe you wouldn't mind being 40% bonds in your 20's and maybe you'd balk at me selecting a US index if I'm in the UK. Key point for this is - know the details of what your money is invested in so that you're happy with the results. +Families who qualify for the expanded child tax credit payments can expect to see those benefits starting July 15, but they can calculate how much to expect to receive before then. The IRS has announced that prior to sending the first batch of partial monthly payments, it will open two online portals for parents with qualifying dependents. The portals can be used to register (for those who don't normally file a tax return), to update information like a change in the number of children and to opt out of the monthly payments. We'll tell you what we know below. + +The 2021 advanced child tax credit payments will go out on the 15th of the month, with each check for as much as $300 per dependent or $3,600 in total, based on the age of the child by the end of the year. Parents should be aware of the income limit and other requirements to get the full payment. + +What will the IRS' online child tax credit portals let you do? + +Taxpayer families will be able to make changes to any life circumstances since they last filed their taxes, such as an income change and child custody status. For example, if you started making less money this year, you'll want to update the IRS about those changes so you can get the correct child tax credit amount. + +If you had or will have a new baby this year, it's important to let the IRS know, so you can receive your payment for up to $3,600 for that child. The same applies if you adopted a child or if you gained a new child dependent since you last filed your taxes. + +What we still don't know about the child tax credit portals + +There are still plenty of details that are still unclear about the IRS' child tax credit portals, including: + +The exact date the portals will be available to families. + +How the portals will work for families updating their information. + +How families will differentiate between the two portals. + +The process for opting out of the monthly payments. + +**My Thoughts about this** + +**1. I am pretty sure, divorce parents should opt out if they share joint custody and have a agreement to claim the child every other year. They should do this to avoid potential issues when they file there 2021 taxes.** + +**2. This might cause you to owe taxes, You might need to adjust your withholding (W-4) correctly so you don’t owe if you claim the advance on your taxes.** + +Adjust your W-4 to the following: + +$1000 Per Kid Ages 6-17 + $1600 per child under 6 + any other credits you get. + +3. Remember, this is a advance **NOT** a stimulus payment. + + + + + + + +My Last Post regarding this: https://www.reddit.com/r/personalfinance/comments/nel69s/irs_treasury_announce_families_of_88_percent_of/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + +From CNET: https://www.cnet.com/personal-finance/child-tax-credit-irs-portals-will-help-you-get-benefits-update-status-and-opt-out/ +90% of the people I see here are developers. What exactly does a developer do? I myself am going into aerospace engineering and plan to deal with heavy southern Southern California costs here and when I look up California/Bay Area related post for an idea of cost, people are always claiming to be a developer making between 100k-500k(or something crazy like that) + +I apologize if I am breaking rules asking. Just trying to find out what some of you do as I am genuinely curious. I'm not chasing money, I just don't know what it is you do lol +#**/////Your Guide to Monero, and Why It Has Great Potential/////** + + +*Marketing*. + +It's a dirty word for most members of the Monero community. + +It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers. + +This is what makes this an unusual post from a member of the Monero community. + +This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential. + +Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome. + +I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so. + + + + +##**///Upcoming Developments///** + +**Bulletproofs - A Reduction in Transaction Sizes and Fees** + +Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to [reduce both fees and transaction size by 80% to 90%](https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html). This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! [More information can be found here](https://getmonero.org/2017/12/11/A-note-on-fees.html). Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested. + +**Multisig** + +[Multisig has recently been merged!](https://github.com/monero-project/monero/pull/2134) Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero. + +**Kovri** + +[Kovri](https://getkovri.org/) is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy. + +**Mobile Wallets** + +There is already a working [Android Wallet called Monerujo](https://monerujo.io/) available in the Google Play Store. [X Wallet](https://xwallet.tech/) is an IOS mobile wallet. One of the X Wallet developers [recently announced](https://twitter.com/rusticbison/status/951760058131664896) they are very, very close to being listed in the Apple App Store, however are having some [issues with getting it approved](https://twitter.com/rusticbison/status/953619818602729473). The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon. + +**Hardware Wallets** + +Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The [Ledger Nano S will be adding Monero support by the end of Q1 2018](https://np.reddit.com/r/Monero/comments/7kwbf9/ledger_to_have_monero_support_before_end_of_q1/). [There is a recent update here too.](https://np.reddit.com/r/Monero/comments/7pfj0z/ledger_hardware_wallet_monero_integration_some/) Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing [only about $20!](https://btcmanager.com/monero-hardware-wallet-prototype-announced-at-34c3/) In addition, [the CEO of Trezor has offered a 10BTC bounty](https://twitter.com/slushcz/status/932632838435782658) to whoever can provide the software to allow Monero integration. Someone can be seen to [already be working on that here](https://github.com/dominik-selmeci/monero-python-poc). + +**TAILS Operating System Integration** + +Monero is in the progress of being packaged in order for it to be integrated into [TAILS](https://github.com/monero-project/monero/issues/2395) and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as [journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers](https://tails.boum.org/news/who_are_you_helping/index.en.html), and consequently, darknet market users. + +In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided [Sheep's Noob guide to Monero GUI in Tails 3.2](https://medium.com/@Electricsheep56/sheeps-noob-guide-to-monero-gui-in-tails-3-2-d75c4e829c17), which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow. + +**Mandatory Hardforks** + +Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a *Consensus Protocol Update*. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. [This reddit post](https://www.reddit.com/r/Monero/comments/6yprar/mandatory_upgrade_monero_01100_helium_hydra/) provides more information. + +**Dynamic fees** + +Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees! + +**Tail Emission and Inflation** + +There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. [Gundamlancer explains](https://monero.stackexchange.com/questions/4205/what-is-the-total-supply-of-monero-and-when-will-it-be-finished-mining) that Monero's *"main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.* + +**Monero Research Lab** + +Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See [here](https://lab.getmonero.org/) and [here](https://github.com/b-g-goodell/research-lab). The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found [here](https://np.reddit.com/r/Monero/comments/7r3lvu/suraes_delayed_end_of_december_update/). + + + + +##**///Monero's Technology - Rising Above The Rest///** + +**Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless** + +Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. [Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics](http://www.trustnodes.com/2018/01/09/bitfury-de-anonymises-millions-bitcoin-transactions-addresses), and has lead to the prosecution of numerous individuals, such as the alleged [Alphabay administrator Alexandre Cazes](https://news.bitcoin.com/the-curious-cases-of-the-alphabay-kingpin-and-hansa-takedowns/). In the [Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes](https://www.justice.gov/opa/press-release/file/982821/download), the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: *"In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero"*. + +Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently [reiterated his concerns]( https://twitter.com/peterktodd/status/937929196688592896) of optional privacy after Jeffrey Quesnelle published his [recent paper]( http://jeffq.com/blog/on-the-linkability-of-zcash-transactions/) stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, [but Zcash is supported by DARPA and the Israeli government!](http://zerocash-project.org/about_us). + +Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. [You can view Monero's non-existent rich list here](https://moneroblocks.info/richlist) to see for yourself. + +I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike [Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions](https://twitter.com/zooko/status/863202798883577856). To Zcash's demise, Zooko famously tweeted: + +>" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …" + +Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. [A 2016 article on Saintly Law](http://www.saintylaw.com.au/2016/10/12/lessons-learned-dao-hack-blockchain-smart-contracts-security/) summarised the problematic nature of Ethereum's leadership and blockchain intervention: + +>" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology." + + + + +**Monero provides Fungibility and Privacy in a Cashless World** + +As outlined on [GetMonero.org]( https://getmonero.org/resources/moneropedia/fungibility.html), fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity. + +A great example of [Bitcoin's lack of fungibility was reposted]( https://np.reddit.com/r/Monero/comments/6uldp2/monero_privacy_is_not_a_crime_or_something_to/dlto4fn/) by u/ViolentlyPeaceful: + +>"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment." + +This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain. + +The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and [there is a potential for data to be used by third parties for adverse purposes](http://www.scmp.com/business/banking-finance/article/2114086/cashless-society-would-destroy-our-privacy-and-freedom). While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their *Private View Key* with their accountant for tax purposes. + +Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, [a Russian cryptocurrency blogger was recently beaten and robbed of $425k](https://cointelegraph.com/news/russia-blogger-who-boasted-about-crypto-wealth-beaten-and-robbed-for-425k). This is why FUNGIBILITY IS ESSENTIAL. [To summarise this in a nutshell:](https://np.reddit.com/r/Monero/comments/6uldp2/monero_privacy_is_not_a_crime_or_something_to/) + +>"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain" + +For those that wish to seek more information about why Monero is a superior form of money, read [The Merits of Monero: Why Monero Vs Bitcoin](https://www.monero.how/why-monero-vs-bitcoin) over on the [Monero.how](https://www.monero.how/why-monero-vs-bitcoin) website. + + + +**Monero's Humble Origins** + +Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 [opinion piece]( https://thecontrol.co/meet-the-best-performing-digital-currency-of-2016-monero-e6010768e54a). The author claimed that *"one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."* + +**The Organic Growth of the Monero Community** + +The Monero community over at r/monero is exponentially growing. You can view the [Monero reddit metrics here]( http://redditmetrics.com/r/Monero) and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to r/xmrtrader, and all memes at r/moonero. + +**Forum Funding System** + +While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work. + +**Monero For Goods, Services, and Market Places** + +[There is a growing number of online goods and services](https://getmonero.org/community/merchants/) that you can now pay for with Monero. +[Globee](https://globee.com/) is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier! + +[Project Coral Reef](https://www.projectcoralreef.com) is a service which allows you to shop and pay for popular music band products and services using Monero. + +Linux, Veracrypt, and a whole array of VPNs now accept Monero. + +There is a new Monero only marketplace called Annularis [currently being developed]( https://github.com/annularis/shop) which has been created for those who value financial privacy and economic freedom, and there are rumours [Open Bazaar](https://www.openbazaar.org/) is likely to support Monero once Multisig is implemented. + +In addition, Monero is also supported by [The Living Room of Satoshi](https://www.livingroomofsatoshi.com/) so you can pay bills or credit cards directly using Monero. + +Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, [and many others](https://getmonero.org/community/merchants/). + +For those wishing to purchase Monero anonymously, there are services such as [LocalMonero.co](https://localmonero.co/) and [Moneroforcash.com](https://moneroforcash.com/). + +With [XMR.TO](https://xmr.to/) you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet. + +**Coinhive Browser-Based Mining** + +Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by [Hon Lau on the Symnatec Blog](https://www.symantec.com/blogs/threat-intelligence/browser-mining-cryptocurrency) Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far. + +**Skepticism Sunday** + +The main Monero subreddit has weekly [Skepticism Sundays](https://np.reddit.com/r/Monero/comments/75w7wt/can_we_make_skepticism_sunday_a_part_of_the/) which was created with the purpose of installing *"a culture of being scientific, skeptical, and rational"*. This is used to have open, critical discussions about monero as a technology, it's economics, and so on. + + + + +##**///Speculation///** + +**Major Investors And Crypto Figureheads Are Interested** + +Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated *"One that has real fundamental value besides from Bitcoin is Monero"* and said it has *"very strong engineering"*. In addition, when he was asked if that was the one used by criminals, he replied *"Everything is used by criminals including the US dollar and the Euro"*. Paul later supported these claims on Twitter, [recommending only Bitcoin and Monero as long-term investments](https://twitter.com/AriDavidPaul/status/950044409332056069). + +[There are reports](https://au.finance.yahoo.com/news/new-digital-currency-spikes-as-drug-dealers-get-more-secrecy-015437551.html) that *"Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin*. + +Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, [Charlie Lee tweeted](https://twitter.com/satoshilite/status/913644791144919040): + +>All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment. + +John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even [claimed it will overtake Bitcoin](https://www.youtube.com/watch?v=c331by6vFz4). + +Playboy instagram celebrity Dan Bilzerian is a Monero investor, with [15% of his portfolio made up of Monero](https://www.ccn.com/why-dan-bilzerians-diversified-portfolio-of-cryptocurrencies-is-favorable/). + +Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a [CNBC Crypto video interview](https://www.facebook.com/cnbccrypto/videos/vb.1501450679938173/1599864910096749/?type=2&theater), explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating: + +>"Monero is a really good one. Monero is an incredible currency, it's completely private." + +There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence *smart money* is aware of Monero and gradually filtering in. + +**The Bitcoin Flaw** + +A relatively unknown blogger named *CryptoIzzy* posted three poignant pieces regarding Monero and its place in the world. [The Bitcoin Flaw: Monero Rising](https://cryptoizzy.blogspot.com.au/2017/11/the-bitcoin-flaw-monero-rising.html) provides an intellectual comparison of Monero to other cryptocurrencies, and [Valuing Cryptocurrencies: An Approach](https://cryptoizzy.blogspot.com.au/2017/12/valuing-cryptocurrencies-approach.html) outlines methods of valuing different coins. + +CryptoIzzy's most recent blog published only yesterday titled [Monero Valuation - Update and Refocus](https://cryptoizzy.blogspot.com.au/2018/01/monero-valuation-update-and-refocus.html) is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero. + +CryptoIzzy also published [The Power of Money: A Case for Bitcoin](https://www.scribd.com/document/360363481/The-Power-of-Money-A-Case-for-Bitcoin), which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the *four figure* range. + +**Monero Has a Relatively Small Marketcap** + +Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit. + +Compared to other cryptocurrencies, Monero still has a *low marketcap*, which means there is great potential for the price to multiply. At the time of writing, according to [CoinMarketCap](https://coinmarketcap.com/), Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin. + +For this reason, I would argue that this is evidence Monero is grossly undervalued. *Just* a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin. + +Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money. + +**Technical Analysis** + +There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found [on Trading View](https://www.tradingview.com/u/Ero23/). Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: [*Monero's dwindling supply. $10k in 2019 scenario*](https://www.tradingview.com/chart/XMRUSD/89VEffxW-Monero-s-dwindling-supply-10k-in-2019-scenario/), in which Ero23 predicts Monero to reach $10,000 in 2019. There is also [this chart](https://www.tradingview.com/chart/XMRBTC/JsUOgzrQ-Monero-btc-A-New-Hope-current-price-0-0159btc/) which appears to be freakishly accurate and is tracking along perfectly today. + +**Coinbase Rumours** + +Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the *GDAX Digit Asset Framework* outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as [Coinbase had in excess of 13 million users as of December]( https://futurism.com/coinbase-users-surpasses-charles-schwab-brokerage-accounts/), and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMR/fiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMR/fiat trading. + +**Monero Is Not an ICO Scam** + +It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and [we have already seen numerous instances of ICO exit scams](https://cointelegraph.com/news/confido-ico-raises-340k-vanishes). Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases. + +**Monero is a Working Currency, Today** + +Monero is a working currency, here today. + +The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A *crypto-assest* is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc. + +Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin. + +Monero is the only coin with all the necessary properties to be called true money. + +*Monero is private internet money*. + +Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy. + +Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us. + +Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users. + + + + +##**///Key Issues for Monero to Overcome///** + +**Scalability** + +While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. [Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader]( https://np.reddit.com/r/Monero/comments/7pwu4g/no_fluffypony_monero_scales_better_than_bitcoin/), and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit. + +[In a post on the Monero subreddit](https://np.reddit.com/r/Monero/comments/7kdjg2/a_small_note_on_secondlayer_stuff_eg_sidechains/) from roughly a month ago, r/monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability: + +>"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them." + +When the Spagni CNBC video was recently [linked to the Monero subreddit]( https://np.reddit.com/r/Monero/comments/7pwu4g/no_fluffypony_monero_scales_better_than_bitcoin/), it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining: + +>"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯\_(ツ)_/¯" + +u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description: + +>"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money." + +**Setting up a wallet can still be time consuming** + +It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node. + +For users that do run into wallet setup issues, or any other problems for that matter, there is [an extremely helpful troubleshooting thread on the Monero subreddit which can be found here](https://np.reddit.com/r/Monero/comments/7hhgjx/monero_gui_01110_helium_hydra_megathread_download/). And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. [Monero.how]( https://www.monero.how/) is a fantastic resource too! + +Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero. + + + + +##**///Conclusion///** + +I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so. + +Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price. + +I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors. + +I will leave you with an old on-going joke within the Monero community - *Don't buy Monero* - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ? + +*Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork* +I feel like I'm starting to lose my mind here. I feel like I watched all the YT videos from the people I follow, I've rewatched my favorite TV shows and movies. I should get back to working out now, but it still leaves me with a shitload of time. Playing video games all day is kinda getting boring now too. Suggestions? I'm sure you'll recommend getting a hobby, but which one? +My new landlord wants only "direct deposit" and won't take checks, bill pay (which sends a physical check), Zelle, Venmo, etc. We both use PNC bank but they apparently no longer offer direct ACH, as they're adopting PopMoney / Zelle. I have my landlord's bank account number + routing number, so I just need a way to send it from my account to theirs, ideally automatically on the 1st of every month. + +I've also tried doing this from my Ally account to no avail. You can transfer money to an external account \*that you own\*, or use Zelle, which is a non-starter. + +I've seen some other online banks possibly offer this basic ACH service, but am looking for some reassurance before I go through the trouble of opening an account just to find that it's actually some form of Zelle. Marcus and Alliant are two that claim to offer it, but I'm open to suggestions if anyone has any. + +Also - I've been told by a PNC rep that I can just go to a physical branch and write a withdrawal + deposit slip and can do it manually every month, but even some guidance around this seems to be changing due to security reasons. Can I safely rely on this as a fallback? + +Thanks! +Good Morning Apes! + +Yesterday marked our first day without a single attempt at crossing 220 let alone a test at 225. While most of the gamma ramp is rolled forward enough OI still exists in 0DTE's for today for us to see some serious push if we can cross 225. Here is today's expected price action. Yet again we are looking to cross 225 to really get this gamma ramp off the ground. + +https://preview.redd.it/ctf5b5gd9al71.png?width=1416&format=png&auto=webp&s=d0d04ad38c7fb1851f78caa44cc0013c63afa83f + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Regulations didn't seem to have much effect today. Shorted down to just above max pain on pretty low volume. But we still closed above max pain. I'm still looking for a pretty strong run moving into earnings but am pretty impressed with their continued ability to suppress the price this week. Thank you all and I will see you Tuesday morning. Have a great weekend! + +\- Gherkinit + +https://preview.redd.it/z2h4k7n5hcl71.png?width=783&format=png&auto=webp&s=e06d653dff57d92f35fbe1127f1d87ff0a7d9d82 + +Edit 7 2:37 + +This bounce off 198 is looking solid some more volume coming in we may see a small push in power hour. Max pain at 200. + +https://preview.redd.it/mlbu34bq1cl71.png?width=1561&format=png&auto=webp&s=30f64337048e04d1169b38c750729f3f991a575a + +Edit 6 1:53 + +Some serious volume shorting driving us down towards max pain + +https://preview.redd.it/1dpy3oswtbl71.png?width=1552&format=png&auto=webp&s=8257c4be7722655c6f88f09cea283f986ba4b2bd + +Edit 5 12:40 + +Back down to 205 volume at 1.35m for the day, more chop until at least this afternoon, but it looks like the standard up, down, and up at close day to have us trade net 0% for the entirety. + +https://preview.redd.it/mf1wsd6ygbl71.png?width=1563&format=png&auto=webp&s=e6d06496d75c667aabc5784fdcfaa7533d2ef962 + +Edit 4 12:05 + +Bounced off resistance to end sideways at 207, This is an ideal range for the SHFs to throw some of the weeklies off the gamma ramp. I wouldn't expect any serious movement until more 0dte calls have been sold or rolled. + +https://preview.redd.it/c629rmauabl71.png?width=1560&format=png&auto=webp&s=77f1797536534bc767b55970bf30b4d08c7f5dd1 + +Edit 3 11:20 + +More shorting + +https://preview.redd.it/587rn7eg2bl71.png?width=1540&format=png&auto=webp&s=4d8d04ac6fea51acf287df1fb6820d87c9ccdba4 + +Edit 2 11:00 + +No significant price action test of 215 standard volume drop and downtrend settling on 210 now + +https://preview.redd.it/1yzlzdh9zal71.png?width=1553&format=png&auto=webp&s=64244d092d4b3271657c59e5ab21c3c97cd6f3a4 + +Edit 1 9:44 + +Low volume but moving up for a nice morning test of resistance @ 215 + +https://preview.redd.it/o4gn0xzblal71.png?width=1547&format=png&auto=webp&s=10ef7f25375c6ad5c1f5557642d70e6aef7de686 + +# Pre-Market Analysis + +Today marks two changes to DTCC regulations + +1. Collateral Requirements Raised from 10k-250k, I don't think this will have much of an effect as it is per/participant and not per account +2. T+2 from when certain federal backed securities will no longer be accepted for GCF Repo transactions, this could have big implications for current accounts using these securities for Collateral Allocation Requirements + +Volume this morning at the low for the week so far at 10k shares traded with 1.03m available to borrow between Fidelity and IBKR. We have stayed fairly stable throughout pre-market trading right around our closing price. I expect we could see another test of 225 currently it doesn't look like the volume will come in for that too happen. The SHFs really appear to be pushing their FTDs to the very edge this time around attempting to cover them all at once presents them with some serious risk but I suppose I'd be scared shitless of that gamma ramp if I were them too. + +[Pre-Market 1m](https://preview.redd.it/i37aylp6bal71.png?width=1546&format=png&auto=webp&s=d48d60d778f53d040833566d900ed5dccd52f099) + +GOV1148-21 + +https://preview.redd.it/ydhjlrebbal71.png?width=864&format=png&auto=webp&s=dc9fe2083843c0aa979b8463b64df2dd1245d865 + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Title says it all basically. I'm really tired of the corporate grind. I live in a HCOL city and I'm 2 years away from FI if I immediately move to lower COL city once I hit the magic number, or probably a decade away from it (unless one of my side businesses/projects takes off) if I want to stay here. Both these estimates assume ~7% market growth and no recession... big if. + +I'm so, so tired of working a 9-5. And my biggest fear is that, right at the cusp of FI, a recession hits and suddenly I'm several years away from it and I've got to sacrifice more of my finite years on Earth to the office. + +All this is to say, I fear loss much more than I desire gain, and that sequence of returns risk is what keeps me up at night. If my portfolio were to just keep up with inflation I'd still hit the lower cost of living FI in ~4 years (though that assumes no layoff type event). + +My portfolio is currently 80/20 stocks/bonds, and I'm seriously considering moving to a portfolio to hedge my downside, even if it limits my gains--one like Ray Dalio's All Seasons, for instance, or maybe doing something like 40-60 stocks/bonds. + +The tldr of the ERN's safe withdrawal rate series is: after hitting FI, use a 3.5% withdrawal rate and immediately bond tent to 60-40 stocks/bonds, switching over to 100% stock over a ~11 year period to avoid sequence of returns risk (e.g., a market crash the day after you retire). + +So I was thinking, move over to a conservative portfolio now until I hit FI to hedge the risk of a recession within the next 2-4 years, and then once I hit FI go to 60/40 stock/bond and follow that plan of switching to 100% stock over a decade. + +I realize I'm contemplating this in a state of fear which can result in emotional decisions and poor choices, hence me posting here. Is my thinking wrong? Would I be making a mistake to drastically reduce my upside at this point? + +**EDIT: Haven't really been able to respond to much due to a 22 hour marathon of working (as I said, I'm ready to quit!) but I have been reading all the responses.** +I’ve recently received my PI renewal and the premium is up 57%. + +I politely asked the insurance broker why and they curtly replied that the insurance provider says: + +- market conditions have caused premiums to increase 48% on average alone so it doesn’t matter where I go. + +- it’s also because my turnover has gone up significantly (it has gone up but nothing ridiculous. They seem to be relying on the % increase rather than the actual numbers) + +- I’m lucky because I’m receiving a 21% discount on the base premium + +Anyone having any similar experience? +*I’ve already posted this on r/PersonalFinance but didn’t realise it was US based, was wondering if it’s any different in Aus?* + +Hey everyone, +I have a little bit of an issue and I would really appreciate some advice before I make a decision. + +My mother bought a block of land a few years ago and has been planning to build on it. She was approved for a loan a while back, but since then had an accident which has killed both of her arms. She wasn’t able to complete the loan paperwork due to excessive time in hospital, so now it’s all be revoked. + +She still owns the block, but in order for her to be able to secure a loan and build on it, she needs me to co-sign the mortgage with her. I’m 20 years old and still live at home and she keeps telling me this could give me a huge head-start in life. She tells me she will be the one paying the loan, but needs to use my income to secure the loan. She says because of this, she will leave the house to me in her will and not my brother and sister. However, she doesn’t want to put my name on the title of the house. To me this is a major red flag. I asked her what would happen if 5 years down the track I want to buy my own place with my girlfriend. She says that it would be easy because I could use the equity from the property to make a deposit, but if I’m not on the title then wouldn’t I just have a debt with nothing to show for it? Is there any way I could go about this or would refusing to do it be my best option? + +Please help me out. I’m pretty clueless with all this stuff. Thanks. + +EDIT: What would the situation be if I could talk my mother into transferring the title into my name? Judging from the way she speaks about it, she’d still be happy to be the one making the repayments, even if I was the owner. After all, if she’s promising to leave it to me after death, why not just do it in the beginning? That way, wouldn’t I be protected because I own the property? I could sell if it wasn’t being paid? Is there more too it or would doing it this way be a good decision? Would it even be possible? + +I’ve already told her no, but I’m curious if there’s any way I could do it in a way that would benefit me? + +ADDITIONAL EDIT: I believe the loan is for between 175-200k. The mortgage repayments are for $200 a week, my mother receives approx. $980 a fortnight from Centrelink. She also receives child support here and there. Averaging about $300 a month (my dad is unpredictable). We’re currently renting for $450 a week but the most comparable rental is around $350 a week. The house would be built in Officer, VIC. An upcoming area around 45 minutes from the city. It’s a 3 bedroom on a small amount of land. She currently owes about $80k on the land but has about $60k in cash and assets. +https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html + +interesting, while all are crying and selling their bitcoins, most of the top 100 biggest bitcoin holders increasing their stacks. what do we learn again ? + +So from 2008-2012 I was married to a gal who, how shall we say, liked to buy stuff we couldn't afford. She racked up 55k on my credit cards by raiding my safe and "borrowing" them. Then she cheated on me, hired an attorney, and I ended up being stuck paying 60k to her in alimony, and ended up with the 55k all stuck in my name. + +So here's what I did: + +1. I immediately sold everything I had that had any value that wasn't absolute necessity. I used Ebay and Craigslist. I found Craigslist better for common items, and Ebay much more useful for niche' products that don't necessarily have local markets. For example, I had a high end microphone preamp that I sold on Ebay. No one within 200 miles had any interest, but on Ebay it sold in 2 hours. You'll be surprised how much stuff you don't HAVE to own. A lot of things you might use a couple times a year, you can simply borrow from a friend or family. + +2. I cancelled every paid subscription I had for everything. Cable, internet, cell phone, silly internet subscriptions. Even the little one dollar a month stuff. It's amazing how fast they add up. + +3. No eating out. Ever. Shopped for groceries in bulk, cooked at home. Saved a good $50-100 a week. + +4. I attacked the highest interest stuff first. Citicard at 29.99% - buh bye. Worked my way down the list in order of interest rate. I called every single card and asked for a lower rate... begged actually. Almost all of them gave me a break - even if it was just for 6 or 12 months, it was a huge help. DO NOT consolidate or default unless you are just physically unable to make minimum payments. + +5. Worked on the side. Everyone is good at something. For me it's photography/videography. I started shooting weddings on the weekends. It was extremely tiring but a great way to add a few hundred a week in credit card payments over what my job could provide. I didn't pay for advertising - I used word of mouth and Craigslist. Not sure what you're good at, but whether it's programming, art, cooking... you can make some extra cash. + +6. I didn't buy anything. No new clothes, no new glasses, no beer :(. I didn't even buy stuff at Goodwill. Chances are you don't NEED anything - except possibly soap. Need internet? Libraries are free. Need TV? No you don't... :) + +7. I kept my eye on the goal. I kept a spreadsheet with all the balances and interest rates, and I watched the number go down. I probably looked at it every day, but at least every couple of days. Having the goal in front of me was the biggest motivator for me. It is like eating an elephant - just take one bite at a time. + +8. Reward yourself with free stuff. Don't give into the temptation to go splurge to celebrate a mini-goal. When you meet the big goal, you can save up for whatever you want... without those CC payments you'll be rolling in cash now that you've learned to live cheap. + +No matter how big a mountain you have, you can do it. Don't be a prisoner to debt! + +Now... what the heck am I going to do with all of this available credit? ;) + +Edit: Because being helpful is more important than bragging, and because grammar is important. + +Edit 2: thanks for the great feedback! And the gold. And for almost all being kind instead of being twats (post by a guy yesterday whose baby died got trolled - made me so mad. You guys rock. Also 55k + 60k is 115k. I'm an idiot. + +Edit 3: Damn, guys. This threat had blown up! Couple comments to address the most common questions. First, my wife's spending was about 6 months into the marriage and she racked up all that credit card debt in less than two months. As soon as I looked at the statements I called and put a stop to all the spending (had new cards sent, and changed my address to my work address). Second, there were plenty of red flags about her... my family and friends all hated her from day one, she always insisted on being pampered... I ignored them, because, well, I'm an idiot. Third, in my state, infidelity is not considered in divorces. Alimony is purely determined by who is the sole breadwinner. That was me, because she quit her job right after we married and never worked again. I'm happy to report she is now making minimum wage stocking shelves at Home Depot in Colorado Springs (she moved out of state). Four, I had a beautiful little baby girl with my new lady and we are now married. It all happened really fast and she's amazing (as is the baby). We did NOT get a prenup because I still subscribe to the "if I can't trust her I shouldn't marry her" philosophy in spite of myself. My new wife makes almost what I make so that takes a lot of the pressure off. Also, she is completely debt free herself, which is a good sign. +I am a completely new and no NOTHING about Forex. For those who have become successful and/or understand forex trading, if you could go back in time and start over to gain the most ground where would you start? +**Follow up from previous post:** + +https://www.reddit.com/r/Forex/comments/5wgud9/motivational_post_no_3_learning_to_become_a/ + +I've got a couple nice posts from different users, a long one & 2 short ones, so enjoy. + +**1)** First post comes from this subreddit, can't find the original. Very inspirational story. + +[**Are there really successful traders?**](http://imgur.com/a/zo4WD) < + +**2)** Second one is from CrucialPoint on ForexFactory, credits to him. Love the last part. + + [**How much effort did it take?**](http://imgur.com/a/VEK4K) < + + +**3)** Last one is from a Youtube comment, can't find the original as well, so credits to him. Puts into perspective no matter how highly educated you are, it's still one fucking tough nut to crack. + +[**How difficult is it to succeed?**](http://imgur.com/a/6MN4q) < + + + + +Thanks for reading. + + +Compiled version: http://imgur.com/a/kvaOO +Having a friend really press me to sign up to a training program referal type scheme and its just not sitting right with me. They keep saying how every free source of information is controlled by the banks to make the individual fail from the get go and that they will teach me how the banks trade for a sum. + + +Sounds like its all way to convenient and tbh everything I've learnt so far Ive learn from free webinars and sources, even on top of that it seems like its like most other markets and cautio must be taken regardless. + + +Would appreciate thoughts and opinions. +This was just nuts: + +"These people, they're involved at the Fed, they're involved at the World Bank, they're involved in all of this. This is what my friends amorphously refer to as 'the Cabal'" + +"I know who some of them are I think, but I can't prove that in a court of law. I know it exists. It's a group of super elites and super wealthy people that control a lot of the world's economy. I don't know how big they are who they are necessarily, but I know they're involved in this." + +Apes are fighting the Cabal. Buy, HODL, vote. +A day may come when they pass the Motor Law, and I shall be an outlaw, driving my brilliant red Barchetta, from a better, vanished time, Fire up the willing engine, responding with a roar! Tires spitting gravel, I commit my weekly crime… + +But it is not this day! + +What then are good cars for FI or FI-adjacent car guys? Compared to the average purchaser, we have more assets (and can absorb larger shocks) and more time (to work on cars), but want lower total cost of ownership. In general we don't finance, we work on it ourselves, and it's not our daily so it can sit while parts come from eBay. Some thoughts on stuff in the ten year old range that car guys target: + +Miatas: Overpriced / Not cheap anymore. All bought up for Spec Miata and track says. For some years, you can get a same year Boxster (!!) at the same price. MR Spyder may be a better choice. + +Boxsters/early water cooled 911: Underpriced. IMS failures can now be easily mitigated, and the 90s Taurus styling hides cars with great balance and the old hydraulic Porsche steering that can't be had anymore at any price. If anything breaks, it's a paperweight. + +WRX/Evo/Cobalt SS/SRT-4: Overpriced. Previously owned by twenty-somethings who drove them hard and modified them on the cheap. Finding an unmolested WRX is like finding a virgin in a Harvey Weinstein movie. + +C5, 350Z: Underpriced. Common and thus cheap as they were built before the recession when fast cars were still popular. They share significant components, to include engines, with more common cars/trucks that were built in the millions. Parts are cheap and simple. + +Mustang/Camaro: Fairly priced, under-appreciated. Someday we will look back on these cars like we now look on the Supra TT and FD RX7: era-defining cars with supercar performance that came out of humble family car dealerships. Today's ZL1 and GT350 are future classics. + +German sports sedans: Great drivers. Tendency towards electrical gremlins and random suspensions seizures. Many people have bought one, few have bought two. + +Classic cars: No depreciation whatsoever, look great, sound great, and easy to work on. They handle horribly. An old muscle car will go around a corner faster on a trailer pulled by my truck than it will under its own power. + +Nissan GT-R: Ferrari performance. Ferrari reliability. Ferrari maintenance costs. One can dream, probably a nightmare. + +Gallardo: Bit of a random one here. I know a few owners. Actually an Audi underneath, so merely mid-2000s German reliability instead of 90s Italian reliability. Much of the switch gear/window motors etc. is actually garden-variety VW stuff. Not as fast as you might think though. + +What would you buy in your stage of FI/RE? +I'd like to achieve FI by 50 years old. I am now 34, married, one soon-to-be kid. I'm trying to figure out if it ever will make sense to buy a house. My job is never stable (I make good money, but tend to hold jobs 1-2 years then have a few months off in between.) That might change, but also might not - so I need to be realistic (have mental health issues that cause me lose jobs a lot unfortunately.) + +Some other data: + +- Cost of a starter home in area: $1.3M +- Current Networth: $540k (just me); $570k (total family) +- $0 debt; cars (used) paid outright +- My networth is tied up in stocks/retirement funds; his is mostly cash +- Rent a 1 bedroom apartment for $2350 / month (rent controlled) +- My income = ~pre-tax $180k after bonus (sometimes more) +- His income = ~$50k +- ...Total family income = $230k + + +Will it ever make sense to buy a house? I was running some calculations today, and figured I need about $910k in net worth before I'd be comfortable in owning a $1.3M home (would put 20% down and have half the value of the home in net worth (stocks) in case I need the $ if I were to lose my job. + +The other option is that we just continue renting and when we grow out of the 1 bedroom, we move to a small 2 br rental house or 2br apartment. We'll lose our rent control but costs should still be less than owning - and if I were to lose my job, we could always downsize fairly quickly. + +It seems like houses cost so much I can never achieve financial independence if I'm an owner... whereas if I rent, I can easily downsize when kids move out (in 20-21 years) and not have to worry about paying for space we don't need (or move to another state and get more space for less.) + +But... I still really would like to own a house... put down my roots, have my family feel settled, get to know the neighbors, etc. It would be nice. I grew up in an owned home so it's hard to imagine never owning. + +Thoughts? + a visionary project created by an exceptional and doxxed team. Sya is not the usual crypto we are used to, in addition to having a really solid project it is a safe place to look for people who have something to give for themselves and the community. sya is a wonderful family who want to humanize cryptocurrencies and make them a welcoming place + + $SYA +Correct Token Address: 0x83a86adf1a7c56e77d36d585b808052e0a2aad0e +https://bscscan.com/address/0x83a86adf1a7c56e77d36d585b808052e0a2aad0e + +Purchase on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x83a86adf1a7c56e77d36d585b808052e0a2aad0e +THIS IS NOT FINANCIAL ADVICE. DYOR. +Can’t sell? Use no decimals and replace the last 0 with a 1, should work :slightly_smiling_face: +Set slippage to 10-15% (depending on the pressure) + + Links +All links here flooz.link/sya +CMC: https://coinmarketcap.com/en/currencies/save-your-assets + $SYA + Correct Token Address: 0x83a86adf1a7c56e77d36d585b808052e0a2aad0e +https://bscscan.com/address/0x83a86adf1a7c56e77d36d585b808052e0a2aad0e + +Purchase on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x83a86adf1a7c56e77d36d585b808052e0a2aad0e +THIS IS NOT FINANCIAL ADVICE. DYOR. +Can’t sell? Use no decimals and replace the last 0 with a 1, should work :slightly_smiling_face: +Set slippage to 10-15% (depending on the pressure) + + Links +All links here flooz.link/sya +CMC: https://coinmarketcap.com/en/currencies/save-your-assets +I have a $1mn SPY portfolio in my taxable account. I want to make $7500 per month from my portfolio without eating into it at all. + +That means I want to leverage my portfolio to make that kind of income. The returns are 9% over and above any performance SPY might have. + +Is this a realistic goal to achieve using options? +One result of Gamestop’s move today is it ran out of options strikes above $60. Until new strikes are listed that takes away the short gamma effect of upside calls on the stock. + +That short gamma effect goes like this, a ton of retail buyers pile into upside calls, and leave the sell side short those strikes. They hedge with stock but as the stock rips higher, more and more stock needs to be bought by those that sold calls (market makers, trading desks). + +A great example, the 60 calls expiring today were trading under 5 cents very recently. Today, they were worth more than $10 with the stock above $70. Imagine what kind of stock needs to be bought to hedge against those now versus when they were initially sold at less than 10 deltas. Add that gamma effect to the short squeeze in the stock and you see why GME has days like today. But as of now, that gamma effect largely disappears above $60 in the stock + +This only matters at the moment for GME, new strikes will be listed by Monday, but sort of an interesting options inefficiency I thought was interesting. BTW, here's the current expected move in the stock via Options AI. As you can see most of the movement is being priced in the next week or so. In other words near term options is where all the buying is at the moment: + +&#x200B; + +https://i.redd.it/vo9gpy0bjxc61.gif +This sub has been a guilty pleasure of mine for almost 8 years now. The memes, the fear, the panic, and the echo chamber quality of it all. But above all, I stay for the quality memes. Here are some of my musings. Hopefully it can offer some comfort for those of you who bought at ATH. + +1) Don't mention explicitly the total amount that you have. I made this mistake early on and the amount of "advice" I got to sell from the original run from 1000 to 3000 was incredibly irritating. You cannot imagine how much louder it got from the 17k or 18k peak when it went all the way back down to 4k or 5k. The panic was everywhere. Do not be surprised if the same happens again on this downturn. + +2) Stick to the fundamentals. Price discovery does not necessarily reflect the underlying value of bitcoin. Are blocks being mined? Are transactions being processed? If yes, just keep your head down and continue holding. I anticipate, even expect, that bitcoin will keep getting attacked; bad actors will keep coming and going (Jihan, your tweet will forever be hilarious). If you want to do your part (and can afford to), run a node. + +3) Please do not trade (including leveraged trades). I started off as a "trader". I started with 100 and tried to do the compound math game of closing the day with 5% gains. Being able to pull it off for a few days in a row (in a bull market), I thought I was a genius then all those years ago. After a month, however, I ended up with slightly less than 100. Then, by a sheer stroke of luck, it clicked for me that trading was a fool's game. Most traders lose. I did not think I was the exception to the rule. It was after this moment I started to just quickly buy and hold. + +4) For whatever reason, being in bitcoin has somehow changed my spending habits and how I view material things. I try to live on less and I try to unsubscribe from the endless consumerism that is everywhere. It almost feels as if unchecked consumerism, inflation, and capitalism are all somehow interconnected for me. Someone else can probably word it more eloquently. + +5) I have found it helpful to view bitcoin as a savings vehicle. I continue to buy today, even when it was above 55000, 40000, etc. It does not matter. I just want to protect what "value" I have in FIAT from getting eroded by monetary policies that do not quite seem to benefit the small fish. + +6) I have not found it helpful to talk about it with friends and family. So I mostly stay quiet now, even going so far as to feign ignorance on the topic if needed. I think I am terrible at explaining it (might be why). The reactions I have seen over the years are is that it is fake, can be manipulated, what if it goes to 0, what if I am wrong, and when will I sell? I rarely try to correct their thinking. I do subscribe to the quote that people will buy into it at the price they deserve. + +~~7) I must confess, I have not read the whitepaper. I have copies of it, but I have never read it. Yes, this is heresy.~~ At the encouragement of some, I mustered up the courage to read the whitepaper. It was not as scary as I thought! Thanks! + +8) I do not own anything else. I just do not understand it. There are so many technical terms now that are thrown around. It is intimidating. I remember receiving messages back in the day when a certain coin, starting with E, was priced at $3. Maybe some of you can too. What I have seen, however, is that a lot of these other things come and go, like the seasons. I wonder why that is. + +9) Stay for the memes! + +I cannot and do not say these things in real life anymore. May this help some of you new bitizens in this space. + +PS. Hopefully, I did not make any typing errors. English is not my main language! + +Edit: Thanks for the gold and love awards random bitizens! Never gotten these before =) +Before you read any of my words, [look closely at this graph](https://www.macrotrends.net/1369/crude-oil-price-history-chart). Note that it is in today’s prices (e.g. adjusted for inflation). Before even looking at the 1970’s, look at the 50’s and 60’s. Each decade brought new incremental lows to the price of oil, and society was designed around the premise of cheap oil, from travel to manufacturing to home heating. Little effort was made on efficiency, because for almost 3 decades oil got progressively cheaper each year. Like a Thanksgiving turkey, the American economy loved the farmer that fed it from December to November. + +Now we come to stagflation. Oil went from $28 a barrel in December 1973 to $63 in January of 1974 - just a month later. The historical high price of oil was $32 in 1948. To put this in modern terms, it would be like oil hitting $300 a barrel by mid-July from $120 now. This energy shock is what caused the twin pillagers of economic stagnation (they laid me off!) and inflation (it costs me how much to fill up my tank?). The problem was not bad monetary policy in 1973. I mean, it might have been bad, but it didn’t matter much at all compared to the overnight explosion of prices in the necessary commodity that underpinned the global economy, from food to airplanes. I really must emphasize the food point, without tractors and gas we can’t feed 98% of the world with only 2% working the fields. Minus fossil fuels, that ratio flips - you need 98% of the population farming to feed the lucky 2% who can have a different job. That’s what made the medieval era different. + +Why did oil skyrocket like that? [Because America’s support for Israel during the Yom Kippur war of 1973 led to the OPEC oil embargo](https://www.federalreservehistory.org/essays/oil-shock-of-1973-74). As we are learning now, if an oil cartel decides to pick a side in a war, they can take a pound of flesh. Though Russia is only a fraction as dominant now as OPEC was then. + +I’ve seen folks debating whether Volker’s deflationary and merciless interest rate hikes helped lower demand enough. I’ve seen folks suggest Reagan’s inflationary and optimistic tax cuts somehow voodooed the economic back into shape. Both are efforts to paint the target on top of the bullet holes already in the wall. Oil peaked in May of 1980 and dropped off a cliff in January 1986*. The reason for that collapse? [Saudi Arabia wanted to take more market share and increased production](https://www.brookings.edu/wp-content/uploads/1986/06/1986b_bpea_gately_adelman_griffin.pdf). The lesson of stagflation isn’t some cautionary tale about monetary policy. It’s about the price of energy, full stop. Preventing Volker or Reagan had anything to do with it more than on the margins is just an exercise in comfort - it’s nice to think that we can choose leaders who might fix something. In reality they are all riding the same elephant, and they aren’t the ones telling it what to do. Some, however, do a better job of convincing others that they are in charge. + +The one thing we could (and did) meaningfully do that was in our control was reduce waste - double pane windows to keep heat inside in winter, smarter manufacturing processes, more fuel efficient cares, etc. The decline in price from 1980 to 1986 was the product of getting smarter about energy use. Saudi Arabia just saw the writing on the wall and decided to grab market share while it could. It was in their interest to encourage uncritical oil consumption long term. + +Any news article or comment you see that brings up the dreaded specter of stagflation had better provide a reason for why we change-point jump into a new energy pricing regime, because that’s what it takes. Be as pessimistic or optimistic as you’re intuition allows about what’s coming, but it’s important to know the history of stagflation given how much it’s coming up. And that history is basically: you are in less control than you think you are. + +Now, with all that in mind, scroll down to the [third graph on this page](https://ourworldindata.org/cheap-renewables-growth). This (long term, not short term) is the most important thing happening right now, just like the OPEC embargo was the most important thing happening during stagflation. The cheaper energy is, the less we have to think about it, and the more we can think about computers, social networks, graphics cards, AI, EVs, etc. The fun economy starts after the “eat your vegetables” economy of energy price ends. + +*It’s not a coincidence that the Soviet Union collapsed a few years after the oil price collapse. Russia then, as today, had an economy dependent on fossil fuel exports. But they got used to a high price. +I’m planning to buy a house next year, that I’ll be fixing up and living in for 2 years, after which I will be renting it out. My husband and I love to cook and spend a lot of time in the kitchen and would love to have a good kitchen with quartz countertops and with good counter space. But this is not our long term home. Hence I don’t want to waste a lot of money. Do rentals with well done kitchens get more rent? Are ikea cabinets a good idea? And quartz countertops too much to spend on? +After making several deals that didn't go through I still don't have one BUT never give up! + +I submitted an offer today for two properties and an empty lot all next to each other. It's being sold as part of an estate sale and they just want to get rid of them. I think it's a phenomenal deal, and I'm really excited, and the numbers work out beautifully. The houses need some cosmetic work, but they're all fully rented. + +The biggest point of anxiety for me is that 2/4 units have very old ladies living in them. One has a caretaker who may not be entirely of sound mind, and the other lives alone on the upper unit (and has lived there for 23 years). The upper unit lady is so old/fragile, she piles her trash bags at the top of the stairs instead of taking them down to the curb so the pile has accumulated quite a bit (a lot). + +I guess I have a fear of needing to come into the unit one day and finding these ladies in a less than desirable situation (AKA dead). + +I'm curious if anyone has any stories of similar situations. + +How were you experiences with older or even disabled tenants? + +Did you make special accomodations for them? + +Are there any legalities I should be aware of (in NY)? +I’m in the learning process and planning stages of possibly getting my first SFH, but wanted to check in on how everyone’s doing profit-wise with just their first and/or second homes and whether you encourage it? How much are you making per month on the first home and what are the areas the homes are in like? + +Edit: As suggested by another user, feel free to list how long you’ve had your first house and other relevant info. I realize everyones circumstance is unique, but I wasn’t requesting a deep dive - just more of a generality. + +Has anyone here done it and if you have, can you share some feedback of your experience, to fix and flip a home but skipping the initial purchase. Meaning, instead of buying, fixing, and then selling, I were to find a homeowner who would like to sell but their home can use some work and they don’t have the money to fix it, so I come in and pay for the rehab on condition they sell and then when they sell, I get a piece of the extra profit which resulted from the “fixes” ive made…this is the general idea. + +The main reason this idea intrigues me is the fact that I would need less capital per deal plus not have typical holding costs. + +Let’s assume I’m using my own cash to finance the project, so no opm involved here. + +TIA +Finally at the point in my life where it’s feasible to start investing in RE. Originally planned on flipping the first few to generate “quick” capital (+1031 potential) but market has me thinking about pivoting into long-term cash flow properties. It seems that today’s low rates and inflated values would make the latter a much more viable option but in general I gravitate more towards passive RE investing via REITs, etc. Another variable is my recent industry change (commission-based employment) would only qualify me for a ~$150k condo without a co-signer. + +Any words from the wise here? +https://i.imgur.com/eD99IRO.jpg + +Disclaimer: I am fully aware that I am not inventing the wheel here. Millions of people use this strategy. This is simply a post to help out those bagholders out there who want to regain money fast or simply make quick gains. + +Step 1: Wake up early. My broker opens at 7:00 AM EST so I wake up at around 6. If you’re on Robinhood, wake up before it opens so you can prepare for your trades. + +Step 2: Eat breakfast and get mentally ready. There may be times where you need to watch your stock for an extended period of time and no one wants to do that on an empty stomach. Remind yourself why you’re trading. Do I want $100, $300, or $1000 dollars today? Set a goal. Don’t get greedy. + +Step 3: Head on over to - https://www.investing.com/equities/pre-market - For a Pre-Market Screener or - https://www.investing.com/equities/top-stock-gainers - For a Market Day Screener +Click the “Chg. %” tab to organize Tickers from greatest increased to least. + +Step 4: Analyze volume. Higher volume is usually a good sign. Supply and Demand leads to an increasement in price. Ignore any stocks that you see that have like 4k or 1.5k volume but have 150%+ gains. Those are weird stocks that some millionaire owns all the shares to. + +Step 5: Pick your stock. IT’S NOT ALWAYS BAD TO CHASE. You can pick that 100%+ stock just be careful and analyze the chart. Today I played $MYOS when it was 120% up and still made a great amount. Usually I’ll pick one of the top 5 most increased stocks I see on the premarket screener. + +Step 6: Analyze the chart. Has it been downtrending since 6 am after a 4 am lift off? Guess what? It’s not necessarily over. Round two will start soon when 7 am, 8 am, and 9 am buyers take over. Learn to read bull flags and double top patters. They will help you immensely. + +Step 7: Enter a trade either during a gap up or an uptrend. As you can see in the image, $MYOS formed two beautiful Bull Flags. I waited for the initial sell off to stop and joined in at 2.13. About 45 minutes later it had gone up to 2.77. That is a 30% increase. That’s all I need for the day and I am satisfied. + +Step 8: Evalutate how much gains you are willing to risk. As you can see from the chart, there was a “Double Top Pattern.” This indicates a sell off and downtrend. I saw this and exited my position. However, if I would’ve stayed for the ride, a second bull flag had formed and I could’ve gotten more gains. +These are the decisions you need make. Do I want to risk my gains for more? or am I happy with what I made today? Remember to be disciplined. Don’t gamble. + +This is basically my strategy that I use every day and I find success always. It’s all about accepting that you may not get as much gains today as the other day and securing profits. Avoid buying at super high peaks because sell offs will scare you. Try to get in when you see a healthy upwards momentum or when it starts to uptrend. If you have any questions please ask them. It’s a bit difficult to explain everything on a reddit post. Have a great day and good luck with the trades. + +UPDATE: Here is the link to my recent post discussing my plays and analysis for Thursday 07/02 using this strategy. + +https://www.reddit.com/r/pennystocks/comments/hkcd7b/easy_and_nondd_required_and_quick_gains_strategy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +***Why is Bitcoin so hard for most people to understand?*** + +"The reason it's so hard for most people to understand is that most people don't really understand money. Money isn't wealth. It's an accounting system used to facilitate the exchange of wealth. (The paradox of money is that while everyone wants it, no one actually wants it - they want the stuff they can buy with it!) Many people are put off by the fact that Bitcoins are 'just data'. But that's what ALL money is, information! More precisely, money is a means for credibly conveying information about value given but not yet received (or at least not yet received in a form in which it can directly satisfy a person's wants or needs). + +To put it yet another way, money is a ledger. With fiat currencies like the dollar, that ledger is centralized. And that gives the central authority responsible for maintaining that ledger tremendous power, power that history has proven will inevitably be abused. With Bitcoin, the ledger is decentralized. And that means that no one individual or entity has the power to arbitrarily create new units (thereby causing inflation), freeze (or seize) your account, or block a particular payment from being processed. We've had decentralized money before. After all, no one can simply print new gold into existence. And the 'ledger' of gold is distributed because the physical gold itself (the 'accounting entries' in the metaphor) is distributed. But with gold, that decentralization comes at a heavy price (literally). The physical nature of gold makes it hugely inefficient for global transactions. + +And this is why bitcoin is important! It is the first currency in the world that is both decentralized and digital. It is more reliably scarce than gold and more private and transactionally efficient than "modern" digital banking. This is why people are excited about bitcoin, it has the potential to completely revolutionize money." + +&#x200B; + +I thought I'd share it with you. + +&#x200B; + +Have a good Sunday everybody! + +EDIT: url to the video: https://www.youtube.com/watch?v=kubGCSj5y3k&t=354s +If you haven't seen the news today, several large recession indicators have been ringing alarm bells in the last few weeks. (I'd like to leave the politics out of this discussion, please.) + +So, what can low-income people do to prepare for a recession? Is there even anything we can do, or do we just hold on as best we can and try not to fall further behind? +I need someone with a few more wrinkles on their brain to tell me the best way to put my order in through fidelity. I don’t want my shares going through dark pools, benefiting shitadel in any way, etc. + +It’s been a while since I’ve been able to buy any shares and I’m just a simple ape so any advice is appreciated. + +See you all on the moon! 🚀 +Posted to my sub but definitely fits here. + +**TL;DR** + +* **VKIN - High Growth Energy Company** +* **Market cap of \~$55 million** (at time of writing) +* **Trades at 1.81 times earnings and 0.94 trailing-twelve-month sales.** +* **Incredible growth opportunities ahead** + +The recent tensions between Ukraine and Russia have led to oil prices skyrocketing and hitting prices not seen since 2014. The conflict between the two countries is unlikely to dissipate anytime soon as countries like France, Italy, and America attempt to de-escalate the situation through diplomacy. As well, Prices of oil were already high before the mass build-up of Russian troops, with OPEC, the collection of oil exporting countries, agreeing to raise production only slightly, which has put further upwards price pressure on the cost of oil. + +All this has led to the acceleration of the United States looking to decrease their dependence on other parts of the world for their energy needs and is pushing the country to further invest into home-based alternative and clean energy opportunities. America is looking to foster growth as the country emerges from the damages of covid-19 and a large part of this growth will require mass amounts of energy. Tensions in countries like Russia, Ukraine, China, and the middle east is making it very difficult for America to rely on the traditional energy supply chain. + +This trend translates extremely well for American headquartered energy companies who are focused on high growth initiatives in the traditional and clean energy industry. And today, we will be conducting a deep dive on Viking Energy Group (VKIN), a fast-growing company in the energy industry that is poised for impressive growth amidst a very favourable macroeconomic background. + +**What Does Viking Energy Group Do?** + +Viking Energy Group is a quickly diversifying, high growth energy company. Viking, through their multiple majority-owned subsidiaries provides critical customized energy and power services to the industrial and commercial industry within North America, as well, the company owns interests in oil and natural gas assets within America and holds an exclusive license in Canada to a patented carbon-capture system. + +The company is leveraging their industry expertise and long-standing relationships to build a diversified portfolio of subsidiaries who have strong current revenue streams, as well as room for significant further upside. Through investing into companies who have well-established operations, Viking is taking a balanced approach to their growth strategy and simultaneously creating a diversified business model that doesn’t rely on any particular division too heavily. + +Their investment strategy consists of pursuing opportunities that provide immediate value through traditional energy sources, while also exploring opportunities in the clean/alternative energy sector. Viking is also investigating investment options outside of the energy sector which possess large scalability and compelling financial metrics. + +A Glimpse into Vikings Diverse Subsidiaries and Operations + +Viking’s largest current subsidiary is Simson Maxwell, a leading Canadian-based manufacturer and supplier of industrial engines, power generation products, services, and custom solutions. Their diverse product line is focused on providing economical, flexible, efficient, and sustainable clean-tech solutions through a wide variety of different options including, wind, solar, energy storage, combined heat and power (CHP), as well as tier 4 final diesel and natural gas industrial engines. Through operating for over 80 years, Simson Maxwell has amassed over 6,000 customers and has more than 4,000 current maintenance contracts. + +[Source: Company Presentation](https://preview.redd.it/4gyfv7lfqfm81.png?width=974&format=png&auto=webp&s=1ac17aaf9bfbb363878d50e212d2b512a78fea01) + +Maxwell’s incredible variety in service offerings and product line allows them to service a diverse customer base ranging from residential homeowners to large scale commercial companies. Recently, Simson Maxwell partnered with a large hospital based in British Columbia, Canada to upgrade their standby power generation system to comply with industry regulations. The solution (pictured below) was installed in three days, and provided better than anticipated results, with the new system allowing parallels to happen within 9 seconds. + +[Source: Company Website](https://preview.redd.it/h4ctvnrjqfm81.png?width=974&format=png&auto=webp&s=e377738b4f6744e9413fb1aeff2ccdbf248dd7d7) + +Another example (pictured below) of Maxwell’s ingenuity comes from their successful project for the Daʼnaxdaʼxw Nation village of Tsatsisnukwomi on a remote island off the Northwest Coast of Vancouver Island. This project consisted of installing a medium sized solar farm, as well as a diesel back-up system to provide the village with sustainable and reliable energy regardless of the season or weather conditions. The solar panels are able to store large amounts of power when the sun is shining, and is supplemented with a back-up diesel system when needed. The result allows the village uninterrupted power and reduces their diesel consumption by 37% (or roughly 52,000 litres annually). + +[Source: Company Website](https://preview.redd.it/r6hl6kwlqfm81.png?width=974&format=png&auto=webp&s=a7ab08151059b49ca48c886255ef1150ab0707b5) + +The two examples above are only a brief snapshot of the offerings Simson Maxwell provides to their customers and shows the adaptability and customization they can offer. What’s more, the subsidiary supplements their manufacturing and installation business through providing high quality repair and maintenance services, as well as customized high-power solutions for cryptocurrency mining operations. + +[Source: Company Website](https://preview.redd.it/hwato74qqfm81.png?width=1170&format=png&auto=webp&s=f396e676c94912d62572537de443ea5e5b8bcbfc) + +In unison with Simson-Maxwell, Viking, through their wholly owned subsidiaries Petrodome Energy, LLC, Mid-Con Petroleum, LLC and Mid-Con Drilling, LLC owns interest in multiple actively producing oil wells, as well as promising development prospects. These assets lie in Texas, Louisiana, Mississippi, and Kansas and range from depths between 600-3,300 ft. + +Another of Viking’s subsidiaries, Viking Ozone Technology, LLC, owns the intellectual property to a patent pending, 100% developed proprietary Medical and Biohazard Waste Treatment system leveraging cutting edge Ozone Technology. This technology is provided by Vikings other main subsidiary Simson-Maxwell, which has exclusive worldwide rights to manufacture, market, and sell this revolutionary system. + +This technology effectively fine shreds raw waste in a controlled environment, reducing waste volume by 90% making it no longer recognizable or retrievable, thereby successfully eliminating any HIPPA violations. The result is classified as renewable fuel for waste-to-energy facilities across the world. More specifically, this technology extracts oxygen from the ambient air and converts it to ozone using plasma ozone generators. The ozone is then used to treat the biohazardous waste in a safe and controlled manner. This proprietary system is done at room temperature and no heat or steam is required. What’s more, after the treatment process is completed, any residual ozone is converted back into oxygen, meaning this system is 100% emissions free. + +Between the company’s multiple subsidiaries and oil and gas assets, Viking has wasted no time in diversifying their revenue streams and expanding their portfolio of investments to include many different aspects within the energy sector. And when examining the company’s current portfolio, it becomes clear the management team has accomplished the difficult task of balancing established cash producing assets (who still possess considerable further upside) with other promising investments which have the opportunity to create long lasting growth and shareholder rewards in the future. + +**Avenues of Further Growth** + +An exciting area of further growth we haven’t mentioned so far, is the recent news that Viking Energy Group has acquired two new companies which owns the intellectual rights to a proprietary, patent pending electric transmission and distribution open conductor detection system. + +This system is destined to quell the growing problems of wildfires within America, which has seen a steady increase in both frequency and damage within the last 20 years. Recently, Vice President Kamala Harris pledged $600 million in disaster money to the state of California, which is part of a larger $1.3 billion being given to local communities to repair damages and replace important infrastructure. As well, Harris announced another $48 million in additional funding to the Joint Chiefs’ Landscape Restoration Partnership, which will be aimed at supporting forest management projects to reduce the likelihood and spread of severe wildfires. + +This mass increase in funding shows the commitment of the federal government in preventing life threatening forest fires from happening, as well as the gravity of the current situation. Vikings latest acquisitions have given them a technology solution which detects the break in a transmission line, distribution line, or coupling failure and instantly terminates power to the line before it reaches the ground. Downed power lines are the main contributing source of wildfires in America, and this technology, which is easily scalable, simple to install, and cost effective is acting as a revolutionary way for private businesses and governmental bodies to drastically reduce the risk of wildfires starting. + +This marks a staggering opportunity of growth for Viking, and what’s more impressive, is the recent funding from the federal government is only a small sample of the planned $50 billion over 10-year investment package into combating rampant wildfires. With their new technology, Viking is at the very beginning of a very promising new growth market which will be looking to implement innovative solutions such as the companies open conductor detection system. + +**Industry & Macroeconomic Trends** + +Viking is riding the coattails of multiple different positive macroeconomic and industry trends. With their recent acquisitions the company is set to benefit from the multi-billion-dollar investment package into wildfire prevention which will be rolled out over the next decade. Their technology is extremely unique and provides a cost effective and scalable solution for companies of any size. + +As well, Viking is benefitting from both the current traditional energy landscape which has seen the price of oil reach highs not seen since 2014 and the much broader trend of replacing these older energy sources with clean renewable ones. The recent tensions between Russia and Ukraine have put a spotlight on the reliance the world has on these traditional energy sources and is a large geopolitical trend which could have a lasting impact on the price of oil. Viking, with their multiple traditional energy assets should be large beneficiary of the elevated prices. + +Now, more importantly, the larger energy trend of transitioning from energy derived from fossil fuels to more sustainable environmentally friendly sources is seeing substantial progress in recent years. The Biden administration, in July of 2021, passed the $550 billion clean energy investment bill aimed at accelerating the transition to clean energy sources. Viking, through their current portfolio, and the management team continuing to find promising new investment opportunities should benefit handsomely from these trends as they continue to innovate within the renewable energy sector. + +All these trends combined paints a very favorable picture for the company, which is currently (and will continue well into the future) benefit from large investment packages and macroeconomic trends focused on supporting energy initiatives Viking has dedicated its future to. + +**Management Team** + +Viking is being led by James Doris, who has steered the company since 2014 and has been the north star for transitioning the company into becoming a multi-energy investment business, as well as create a robust platform to facilitate further growth. Mr. Doris brings over 25 years of experience in executing and negotiating large scale national and international business transactions including, mergers, acquisitions, joint ventures, and distribution arrangements across multiple different industries. Previously a lawyer in Canada, Doris represented clients regarding their investment activities, and prior to launching his own law firm, he served as the Executive Vice President and In-House Counsel for a real estate investment and development company in Toronto, Canada. + +In the role of Chief Financial Officer, is Frank Barker Jr, who holds his CPA and brings vast experience in providing strategic, managerial, operational, financial, accounting, and tax-focused services in a variety of different business settings. Barker Jr is integral to the financial side of Viking Energy Group, providing leadership in areas such as compliance reporting, annual audit functions, presenting financial data to public and private parties, financial forecasting, cash flow management and much more. + +**Key Risks** + +Vikings business model (and success so far) relies on the leadership and guidance of the management team. If Mr. Barker Jr or Mr. Doris were to leave the company this would have a substantial material impact on the future success of the company. Both individuals have created deep industry relationships and understand the financial standing and areas of growth for Viking Energy Group, and because of this are integral to the future success of the company. + +Another risk the company faces stems from the execution of future investments. Viking routinely seeks out new energy investment opportunities to facilitate further growth, which opens the door for substantial future success, yet also creates the possibilities of investments not returning intended value. Should future investments fail to materialize, this could create an unfavourable financial position for the company and put Viking under pressure to remain compliant on their current debt obligations. + +As well, Viking is operating in an increasingly competitive landscape. Clean energy technology is rapidly evolving, and new companies are moving into the space to capitalize on current trends. This leaves the risk of Vikings investments into certain technologies becoming obsolete or unviable as new and better technologies come to market. The company so far has done a great job at creating a diversified energy investment portfolio, as well as finding new opportunities that show great promise. Viking will have to continue to stay on top of key industry trends and keep an aggressive investment mindset to remain relevant. + +**Valuation** + +To say Viking is trading at a discount would be an understatement. The company, with a market cap of $55 million trades at 1.81 times earnings and 0.94 trailing-twelve-month sales. In a time where valuations have been stretched to the extreme, finding a company like Viking, which has incredible growth opportunities ahead of them and is showing improvements to consistent profitability so early on is exceedingly rare. + +Like many small cap stocks, the recent geopolitical tensions and high inflation has led to Viking experiencing some large selloffs and increased volatility. Viking is currently near their 52-week low despite the positive business landscape the company is experiencing. With these factors in mind, Viking is trading at extreme discount valuations, and should see considerable upwards price movement as the market begins to realize the strong prospects the company is beginning to execute on. + +**Final Thoughts** + +[Source: Google Finance](https://preview.redd.it/ao0ob0w0rfm81.png?width=974&format=png&auto=webp&s=01cf1a93ddbfafbfb7aa88c25364c66aaf37c666) + +Looking at the chart above it becomes clear Viking has not been immune to the larger market selloff. Despite this, the company has taken great steps to further facilitate their growth and is building a well-rounded and compelling energy investment portfolio. Viking is set to benefit from multiple macro trends including the large push to mitigate the likelihood of wildfires and the much broader acceleration into implementing clean energy resources. Vikings current portfolio of Simson-Maxwell, multiple oil and gas assets, and Viking Ozone technology are providing strong cash flow generating investments which will further assist the company in finding new areas to grow. + +Finally, Viking is trading well below their fair market value and is primed to see significant share price appreciation as they execute on their impressively aggressive yet strategic growth plan. This is a company that should unlock immense shareholder value for those who are willing to dismiss the short term volatility and understand the strong long-term prospects of this fast growing energy company. +I am currently on a 12 month industrial placement at corporate company. I have the option to contribute to my private pension whilst I'm here. The employers will also contribute. + + +Currently I earn approx £1,500/month and am left with approx £1,300 after tax / NI. My monthly expenses are under £1.2k. + +**Is it a good idea to enroll in the private pension?** + + +*My worry:* + +- I'm not living at home and have to think about rent, food, bills, and other expenses. My monthly expenses are under £1.2k. + +- I don't want to be stressing about money or getting a 2nd job whilst on placement. I only have £1k in my emergency fund right now (not enough). I definitely need to build this. + +Yes I'm not bothered hugely about saving right now given I'm learning a lot and moving out (gaining independence) is a feat in itself. + +Would it be worth it **financially** to have all the above expenses as well as pension? This would reduce my take home pay even more... + +Already at the end of the month I have about <£150 to put into my savings. + +**FURTHER INFO/CLARIFICATION:** +- monthly salary (after tax): £1.3k +- monthly expenses: under £1.2k +- emergency fund: £1k +- why savings? Saving for a car/insurance, holiday, long term to buy a house, and to continue building an emergency fund. +- employer *WILL* contribute to pension +Can’t link it as it’s in the Guardian’s live updates page. The Australian Retailers Association also recorded unprecedented growth on Boxing Day with the $1.2bn spend equating to 15% more than last year. + +“It is remarkable that in this period of economic turbulence, traders have well and truly smashed it out of the ballpark as consumers revelled in ‘freedom’ spending,” he said. “Australians are seeing shopping as an experience and a reward after such a challenging period.” +Copied, pasted and edited [u/gat0r8](https://www.reddit.com/user/gat0r8/)'s post from last year with updated figures. + +Last financial year I wasn't aware of this scheme until his post, and it earnt me an extra $500 to put towards my superannuation balance. I haven't seen a new reminder post, and I just want to pay it forward. + +Here's the post for reference with questions and answers related to the scheme: [https://www.reddit.com/r/AusFinance/comments/h0omiy/friendly\_reminder\_to\_get\_your\_free\_500\_super/](https://www.reddit.com/r/AusFinance/comments/h0omiy/friendly_reminder_to_get_your_free_500_super/) + +\-------------------------------------------------------------------------------------------------------------------- + +[https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/](https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/) + +Don't forget to receive your free money from the government. + +If you're currently on a low income (< $54,837 for 2020–21) and have a little extra money outside of emergency savings it could be a good idea to contribute post-tax to your super to get free money from the government added to your super. + +Maximum co-contribution is 50% up to $500, so contribute $1000 and receive $500 from the government into your super. + +Income to contribution is: + +|Income|Personal super contribution of $1,000|Personal super contribution of $800|Personal super contribution of $500|Personal super contribution of $200| +|:-|:-|:-|:-|:-| +|$39,837 or less|$500|$400|$250|$100| +|$42,837|$400|$400|$250|$100| +|$45,837|$300|$300|$250|$100| +|$48,837|$200|$200|$200|$100| +|$51,837|$100|$100|$100|$100| +|**$**54,837 or more|$0|$0|$0|$0| + +All you need to do is contribute via BPAY or however else your fund accepts voluntary post-tax contributions. No paperwork, your co-contribution will automatically be added by the government after you do your tax return. + +Keep in mind if you have accessed your super through COVID-19 early release scheme and want to contribute back to get the co-contribution, talk to an accountant or the ATO first, as the ATO has said this may be considered fraud. + +Check out the [Co-Contributions Calculator](https://www.ato.gov.au/Calculators-and-tools/Super-co-contribution-calculator/) to see if you're eligible and what level of co-contribution you should receive. + +As [passthesugar05](https://www.reddit.com/user/passthesugar05/) pointed out, you need to have some income (10%) from employment or running a business to do this. + +eg. If you earned $50,000 purely from dividends you're not eligible. + +If you earned $45,000 from dividends and $5,000 from employment, you are eligible. + +Edit: As pointed out by u/WonderMysterious your $1,000.00 super contribution must be made by 22 June 2021. +Copied, pasted and edited [u/gat0r8](https://www.reddit.com/user/gat0r8/)'s post from last year with updated figures. + +Last financial year I wasn't aware of this scheme until his post, and it earnt me an extra $500 to put towards my superannuation balance. I haven't seen a new reminder post, and I just want to pay it forward. + +Here's the post for reference with questions and answers related to the scheme: [https://www.reddit.com/r/AusFinance/comments/h0omiy/friendly\_reminder\_to\_get\_your\_free\_500\_super/](https://www.reddit.com/r/AusFinance/comments/h0omiy/friendly_reminder_to_get_your_free_500_super/) + +\-------------------------------------------------------------------------------------------------------------------- + +[https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/](https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/) + +Don't forget to receive your free money from the government. + +If you're currently on a low income (< $54,837 for 2020–21) and have a little extra money outside of emergency savings it could be a good idea to contribute post-tax to your super to get free money from the government added to your super. + +Maximum co-contribution is 50% up to $500, so contribute $1000 and receive $500 from the government into your super. + +Income to contribution is: + +|Income|Personal super contribution of $1,000|Personal super contribution of $800|Personal super contribution of $500|Personal super contribution of $200| +|:-|:-|:-|:-|:-| +|$39,837 or less|$500|$400|$250|$100| +|$42,837|$400|$400|$250|$100| +|$45,837|$300|$300|$250|$100| +|$48,837|$200|$200|$200|$100| +|$51,837|$100|$100|$100|$100| +|**$**54,837 or more|$0|$0|$0|$0| + +All you need to do is contribute via BPAY or however else your fund accepts voluntary post-tax contributions. No paperwork, your co-contribution will automatically be added by the government after you do your tax return. + +Keep in mind if you have accessed your super through COVID-19 early release scheme and want to contribute back to get the co-contribution, talk to an accountant or the ATO first, as the ATO has said this may be considered fraud. + +Check out the [Co-Contributions Calculator](https://www.ato.gov.au/Calculators-and-tools/Super-co-contribution-calculator/) to see if you're eligible and what level of co-contribution you should receive. + +As [passthesugar05](https://www.reddit.com/user/passthesugar05/) pointed out, you need to have some income (10%) from employment or running a business to do this. + +eg. If you earned $50,000 purely from dividends you're not eligible. + +If you earned $45,000 from dividends and $5,000 from employment, you are eligible. + +Edit: As pointed out by u/WonderMysterious your $1,000.00 super contribution must be made by 22 June 2021. +Im 18, getting my motorcycle license in 3 weeks, and want to get a bike. The dealership near me has the bike I want used for $6,500, but I only have about $1,250 to put down up front. So I would have to finance the rest and it would be about $130 a month for 4 years. But I don't know if I want to dive into a 4 year long commitment right now. I could pass up on the great deal and just get a cheaper bike new for $5k and it would be \~$160 for only 2 years, but it's a decent downgrade. Also winter is coming so I probably won't have a whole lot of riding time If I buy it now instead of waiting until next spring. Another thing to note is I have a honda civic leased right now which is paid for by my mom, and it ends in 2 years meaning I'll need to save up to buy a new car. + +Considering insurance, gas, parking space, maintenance, and loan payments, the total monthly cost of the bike would be about $285 per month. Plus my current bills which are $130 per month, which comes to a new total of $415 per month. I make anywhere from $800/$1,200 per month at my job, which means the total bike cost alone is about \~23/35% of my monthly income. + +Is a 4 year motorcycle loan crazy for an 18 year old? I know that if I invested the money instead I would have a lot more saved up after the 4 years, but I can't imagine myself wanting to ride a motorcycle when I'm older and have a fulltime job and more responsibilities so it feels like this is the prime time to do it. Should I opt for the cheaper bike and get only a 2 year loan? + +TLDR - Should I finance a motorcycle (about \~23/35% of my monthly income) for 4 years at 18 yrs old? + +EDIT - Holy shit this post blew up waaaaaay more than I expected. I’ve read as many comments as I possibly could, and there’s a lot of great advice in here. I think I’ve come to a decision of saving up until next spring and buying a smaller used bike in full cash. (Thinking like 250/300 cc). There were a lot of comments asking similar questions so I’ll try to answer a bunch; I’m a full time college student, I’m still living at home, I originally was paying for my own car lease but my mom insisted to let her pay, I took the MSF course already, the MSF course was the only time I’ve ever been on a bike, I have a full face helmet and basic gear, and I fully know and understand all of the risks that come with riding. Thanks to everyone who commented I’ve still got like 200 more to read but we’ll get there. +Confession time: + +Before I started getting serious about sorting my personal finance and doing research I used to hear the term “cash savings” and think that people had that amount in physical cash sitting in their home. + +I don’t know whether I just thought people had bundles of notes stacked up in their living room or something, I don’t know what the hell I was thinking tbh! + +Make me feel better - anyone else have random stuff they used to assume before they got clued up on personal finance? +I’ve seen multiple inspirational posts from financial influencers regarding compound interest; “invest £200/week for 3 years and you’ll never have to invest again” + +Investment is ~£28.8k and compounding at 8% they’re saying you’ll have ~1.8M in 30 years. + +I can’t do the calculations to make this work. £28.8k compounded by 8% yearly for 30 years makes ~300k. + +I’ve seen this in one form or another so many times, which is making me think there’s some truth to it. + +I’m 28yo with about £28k in my pension and I’d like to self manage and put it all in an index and leave for 30 years + +Editing to add: I only follow two finance “influencers” who aren’t selling/promoting anything. These additional post I’ve seen are always new ada / related as I’m following the two mentioned. + +Also adding: I believe I remembered the posts wrong and they are “invest for 3 years 18-21 and then your initial investment will be £1.5m+ at retirement (50years later)” +Took my biggest loss today roughly 30% of my portfolio. + +A stock I was invested in tanked just before market open and blew straight past my stop loss causing me to lose 6 times what the stop loss was set as. +Gotta admit it’s rocket me, wiped out weeks of profits + +I’ll try clear my head for the market tomorrow but I couldn’t pull anything back today. +Those who favor such an idea, what are your reasons? + +Those who don't, what are your reasons? (besides profession, friends and family) + +**Edit:** Philippines vs USA cost of living: http://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Philippines&country2=United+States + +**Edit 2:** Say $300K instead of $100K. I've read that $12K is enough to live well there. +Let me begin with, my grant is already fully exercised. This question pertains more to the experience of being employed at the company when the ribbon is cut. + +Our company has been on track for years, and should have gone public in 2020, but then the pandemic broke our timeline. Now the execs are fuzzy on dates, suggesting likely quarters. I'm guessing it will be Q3 in 2021, but who can say. + +I'm tired of the company, I want to move on, but I've been with them 5+ years, so just a few more months might make this once-in-a-lifetime experience worth it. Not knowing the exact date makes it harder. + +Can anyone offer insights? Did you experience an IPO? Was it memorable, exciting, worth the ride? Or possibly did you quit prior to the IPO, and wish you'd still been working there when the Nasdaq first listed your ticker? + +(Is this the right subreddit for such a question?) +Curious how others in this community have balanced lifestyle spending (explained below) while ensuring you’re saving enough to hopefully Fat FIRE by your 40s? + +I work in finance and make decent income for my age (based on metrics I’ve seen from WSJ, etc.). My question that I hope others here might be able to opine on is how to not fall into the lifestyle upgrade spending trap I’ve seen many others fall into. I’ll define this below. + +Lifestyle spending: going to dinner with coworkers, friends, dates 3-4x a week with tabs that are $300+, expensive car leases, country clubs, designer clothing etc. + +I don’t care for luxuries really or all of this unnecessary expense, but people in my industry (finance) generally socialize with those who dress well, eat at nice restaurants frequently, or are members at expensive social clubs / country clubs. + +How have others avoided falling into this lifestyle “trap” while still nurturing and building connections / relationships with those who do or that come from a lot of money? I hate spending a few thousand dollars a month at restaurants or playing a round of golf for $200+ when I really only do it to make connections and get closer with folks I work with or are potential clients. + +Hopefully this makes sense and any advice on how to balance this or to be tactical about it would be much appreciated. + +Some background information: +-currently 26 years old +-net worth ~$500k (all liquid / ~90% invested) +-rent ~$2k a month (don’t plan on buying RE) +-current income ~$400k a year +-base case income by 30 (unless things go very south health wise or personally / recession) should be ~$750k +-up side case income by 30 ~$1-2M a year (potentially more if fund performance is solid) +I'm a year away from graduating with a degree in software engineering from a reputable university, with an internship under my belt. However I've recently been dismayed with my earning potential. + +&#x200B; + +The 90th percentile for software developers with 10 years of experience is only $139,473. It seems a little unlikely for an engineer to pull in over 200k a year, let alone over 300k. + +&#x200B; + +The entry level wages for a salesperson are a lot lower than those for software engineers, but over time the cap for a salesperson seems much higher (the top 1% salespersons in a saas company is making 1M a year, the top 1% of software engineers at google are making 500K). + +&#x200B; + +Additionally, the only feasible way to earn over 300K as a Software Engineer would be to work at a FAANG, which requires you to live in an extremely high cost of living area. I imagine a good salesperson could earn a high salary anywhere in the world. + +Looking for input from people with experience in the software and sales industries. I'm considering trying to use my Comp Sci degree to leverage a sales engineer position and see where things go from there. +And I'm not worried at all thanks to my emergency fund. + +I'm a long time lurker of UKPersonalFiniance as well as many other similar subs and can't understate the importance of budgeting and having an emergency fund. I'll be able to support myself for another 6 months whilst I look for employment and I was able to continue with my Christmas shopping as planned due to budgeting for this event many months in advance. + +Around 350 of us will be losing our jobs and not receiving a salary this month. This has put many of my great coworkers in a very bad place with many of them having to use local food banks and they'll have to explain to their children why Santa can't visit this year. It's heartbreaking to speak to them about and I can only hope that this post inspires someone to review their finiances and take action to prepare for the future. + +Merry Christmas. +Not wanting to raise interest rates is like not wanting to stop drinking because you are afraid of the hangover. + +Sure - drink another 6 piss warm beers in the morning so you don't have to be hung over yet. + +**But there is a hang over coming whether you like it or not**. Drinking those shitty left over warm budweisers from the night before might help you cope with reality this morning, but its going to make you doubley fucked as soon as you run out of booze. + +And no, you can't just drink forever. + +If you don't stop pounding the swish and push it too hard, you are actually just going to start puking your brains out - and in the worst case scenario - get alcohol poisoning and have to go to the hospital. + +STOP DRINKING. + +The Fed needs to stop being fucking cute and admit that we are in way the fuck over our heads. + +This chart confirms what your credit card statement is already telling you: + +https://preview.redd.it/2tofyp9gmdb91.png?width=960&format=png&auto=webp&s=517f9ccd5453a428b2adc3d326516c6cbe146e04 + +# TRANSLATION -> INFLATION IS COMPOUNDING EXPONENTIALLY. + +Here's the Canadian data for my fellow Canucks out there. We. Are Fucked. + +https://preview.redd.it/7pd536clmdb91.png?width=1519&format=png&auto=webp&s=bc4540957ccf4276026506234b62a62151db83d3 + +The only reason we are 2% behind our American brothers is because we have so many fucking oil exports propping up our dollar. + +Rest assured, the whole world is going down with the USD. Contrary to what MSM is saying, no, the USD is not doing great. It's doing miserable against everything real, and it's only doing great against other shitty paper currencies that happen to be doing even worse... Reinforcing my initial point in this paragraph: *the whole world is going down with the USD.* + +As long as CPI is materially above the overnight rate, the interest rate is expansionary and creating upwards pressure on price levels. + +This 0.5% and 0.75% shit is not going to cut it. + +There is no soft landing. + +We are going to have a fucking downturn. + +We need the government to stop trying to pretend they can avoid it. Doing so, is absolutely making the problem worse. + +The only question now is how long we want to delay this shit, while accepting that the longer we delay it the worse it is going to be. + +Time for politicians and the government bureaucrats to fulfill their duty and sacrifice their popularity for the good of humanity. +>Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting to avoid its first international default in more than a century. But it's not out of the woods yet. + +>That's because the funds the country used to make the debt payments came from Russia's frozen foreign assets, sanctioned because of its attack on Ukraine — so it remains unclear whether investors will receive their money. +Anton Siluanov, Russia's finance minister, told state media Russia Today that the country had made good on its obligations to creditors. But the "possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us," Siluanov said, according to RT, warning that the payment might not go through if the United States disallows it. + +>"We have the money, we made the payment, now the ball is in America's court," he said. +A spokesman for the Treasury said the United States would allow the payments to go through. + +https://www.cnn.com/2022/03/16/investing/russian-debt-payments/index.html +About a year ago I had a relative pass away and I inherited 75k. Since then, the money has just sat in a savings account as myself and my mom are unsure about the right steps to take. From this post I am basically just wanting some advice on what to do in terms of investing and how to go about doing that. Currently I am a full time student with college costs covered(academic scholarship)/no debt and do not need the money to cover any current expenses. + +Update: I don’t plan to touch any of the money for at least 10 years but want the flexibility of being able to take a portion and possibly using it for something such as a house down payment. Is this smart and what would be the best thing to do to grow the money until that point? Is getting a financial adviser the best option? And would I just invest it with them and not worry or do anything with it until I needed it? +Program/explanation here: [https://www.pcsforpeople.org/low-cost-internet/emergency-broadband-benefit/](https://www.pcsforpeople.org/low-cost-internet/emergency-broadband-benefit/) + +Some key bits from the FAQ on that page: + +## Frequently Asked Questions + +* **What is the** [**Emergency Broadband Benefit (EBB) Program**](https://getemergencybroadband.org/)**?** + * The EBB Program is a [Federal Communications Commission (FCC) program](https://www.fcc.gov/broadbandbenefit/) that provides financial support to cover monthly broadband bills for qualifying households.  +* **Who is eligible?**  + * Anyone who meets PCs for People’s [eligibility requirements](https://www.pcsforpeople.org/eligibility/) can apply for this benefit.  +* **When does the program start?** + * The program launched on May 12, 2021. +* **When does the program end?** + * The EBB is temporary, and it will expire either when funds are exhausted or six months after the Department of Health and Human Services (HHS) declares the end of the COVID-19 health emergency, whichever comes first. The program was initially funded with $3.2 billion.  +* **What are the available computer discounts?** + * We will be offering desktop and laptop packages (while supplies last) that are all compatible for remote work or school. All computers are refurbished, with typical brands including HP, Dell, and Lenovo. Windows 10 operating systems are included and our Best-tier packages typically include MS Office Home and Student 2019. Laptops come with an AC adaptor. Desktop computer packages come with a monitor, keyboard, mouse, wireless adaptor, and any necessary audio/video accessories. Prices after the benefit is applied range from $11-$49.99, and you can see the currently available computers at [https://ebb.pcsrefurbished.com](https://ebb.pcsrefurbished.com/). +* **If I am enrolled with another internet service provider for monthly internet, can I get an EBB-discounted computer from PCs for People?** + * Customers who are EBB-approved for the internet benefit at other internet service providers cannot use the computer benefit separately at PCs for People. The program restricts that we provide the EBB computer benefit to customers who subscribe to our internet service only. Should this change or be updated, we will certainly share the details. + +&#x200B; + +\--- + +&#x200B; + +I've gotten computers and internet service from these guys before and try to tell everyone about them; they're legit and have always been easy to work with. +I have an office set up but due to my day job I’m looking into a platform that would be easily accessible for executions on my phone as well when I’m not at my home setup. +I sure do love cryptocurrency. I also enjoy interacting with other people who enjoy it, and even if we disagree it’s fun to debate and learn. + +What I don’t enjoy is when a company hires someone to write a 3000 word shill post, and then they upvote it and mass comment on it using their hundreds of sock puppet accounts. + +What’s even worse is when you try to call out this behavior, they then use those hundreds of sock puppet accounts to bury you in downvotes and reply to each other’s comments all patting each other on the ass. + +It’s fake as fuck, cringe, and does nothing but try to enrich some asshole. If you see any slick topic in this subreddit with a bunch of shallow comments all cheering each other on, please downvote the shit out of it and call it for what it is. + +The problem is far too vast during the bull market; I guess we have to accept that sort of thing is allowed. But now? During the great bear? This is our one moment of peace and respite. + +Let us have it. Fuck off shills. +Full quote wouldn't fit in the title, so here it is: + +> Let’s put it this way. When you place a bet in the market, you’re never just betting on the future of the company you’ve bought or shorted, although this is how it is often cast. Rather, you’re betting on the misalignment of the average investor’s perception of that company’s future with its actual future; that is, you stand to profit only to the extent that the current valuation of the company is “wrong.” + +>As such, you’re really placing a double bet, in the sense that you’re betting on two very separate things, each of which is extremely difficult to predict at all, much less quantify. The first has to do with the future of the company: how will its revenue flow change over the next few quarters, or over the next five to ten years? How big can this company really get, and why? That sort of thing. But the second, very separate aspect has to do with other investors: to what extent do people over and underestimate the potential of this company, and why? + +I think that people miss out on this fact far too often. Just because a company is going to be wildly successful in the future does not mean that it's a good investment. To make money by picking individual stocks you not only have to predict where the company is going (which is hard enough on its own), but you absolutely have to know where the market is *currently pricing* the company to go. + +Let me illustrate with an example. Let's say that there is a company, we'll call is Alset. This company is revolutionizing the its industry, and because this is a hypothetical and we've got a crystal ball, we know that the company is going to take 100% of the market share of its industry. Because of this, we know that it will make $100 billion in the next ten years. Now at this point there will be many people jumping in and saying "I believe in this product and what they are doing to the industry, I know they're going to crush it so I'm buying!" + +The problem is, though, that you didn't look at the price tag. Let's say the market was pricing this company at $200 billion. We know the company is only going to make $100 billion, so obviously this is a bad deal. The people with industry knowledge didn't do a valuation though, so they have no idea that despite the fact that they are dead on about the stellar future performance of the company, they are still going to lose a bunch of money. + +This works on the flipside too, sometimes shitty companies can be selling at prices so low that you still make money. This is the "cigar butt" investing that Graham is known for. He wasn't looking for great companies, but rather misalignments between investor perception (and therefore the market price) and the real value. + +This is the reason that you can't beat the market based on "buy what you know" alone. You need to know the company/industry AND know how to do a valuation to see what the market is assuming. + +Thanks for reading. + +*** + +EDIT: To be clear, this post is about trying to beat the market by stock picking. + +Quote is from http://briefdefense.weebly.com/, the story of a med school student who took a job on Wall Street. It's a good read if you've got half an hour or so. +While I attended an economic conference last week in Shanghai, I found it notable - but not surprising - that two former Secretaries of the Treasury, John Snow and Hank Paulson, as well as current Treasury Secretary Tim Geither, and former President George W. Bush were then in the country at the same time. The fact that so many key American power brokers (myself not included) were in China simultaneously is no coincidence. In an overly indebted world, the $2.5 trillion that China holds in foreign reserves is acting as a center of economic gravity, inexorably pulling all market participants into its orbit. + +When a 10-ton elephant plods through a village of grass huts, the big question on everyone's mind is: which way is he going to turn next? With China, that fundamental question translates to guessing when Beijing will make changes to the value of the yuan. These decisions will determine the overall direction of the global economy, and will set the path that everyone must follow. Unfortunately, no Americans, even those who travel hat-in-hand to China, have a seat at the table where these decisions are being made. + +At the risk of beating a dead horse, let me reiterate my central thesis with respect to currency valuation: just as it is always better to be rich than to be poor, it is always better to have a strong currency than a weak one. Although this simple maxim puts me into conflict with much of the economic establishment, I hold its truth to be...well...self-evident. + +The effect of current Chinese currency policy (which, despite Beijing's protests to the contrary, is manipulation pure and simple) is to make the U.S. dollar more valuable and the yuan less valuable. As a result, the benefits of manipulation accrue to Americans, not the Chinese. We get pay raises; they get pay cuts. Americans use their stronger dollars to buy products they would otherwise not have been able to afford. On the flip side, the Chinese people do without products that they otherwise would have been able to afford had their government not transferred their purchasing power to us. + +The same effect is experienced with interest rates. In order to manipulate the dollar's value higher, the Chinese government has gobbled up more than $1 trillion of them.The Chinese then loan the dollars back to the U.S. through purchases of government and mortgage-backed debt, which reduces the cost of servicing our massive liabilities. + +By the same token, if China were to stop manipulating the dollar higher, it would remove the props currently supporting our dysfunctional economy. American interest rates and consumer prices would soar, and our economy would collapse. Meanwhile, China would experience the opposite effect. Chinese consumer prices would fall, immediately raising living standards for average Chinese workers, whose higher real wages would finally allow them to fully enjoy the fruits of their labor. + +What strikes me as particularly dangerous is that no one, not even the Chinese, appear to understand these fundamental dynamics. All of the Shanghainese with whom I spoke last week were unaware that a stronger yuan would be in their own best interest. The way most people see it, a stronger currency is a bullet that China must be prepared to take in order to save the rest of the world from further pain. + +And so we watch the strange spectacle of China stubbornly resisting actions from which it will immediately and substantially benefit. In reality, an appreciating yuan is the bitter medicine Americans must swallow if our sick economy is every to regain its health. (An allegorical explanation of this is contained in my new illustrated book, "How an Economy Grows and Why it Crashes.") + +When Beijing finally comes to it senses, the transition will be unavoidably disruptive. For China, the long-term growth would far outweigh the short-term shock. America, however, would face a much less certain outcome. There is no question that, for Americans, the immediate effects would be very painful, with the gains only developing with time and prudent decision-making. Still, that does not mean we should resist the process, for the longer it is delayed, the more severe the pain and the longer the road back to prosperity. + +Given this reality, why are our political leaders so adamant that China effectively pull the rug out from under our economy? Are they really that clueless? Perhaps they are - or perhaps they are a bit more devious. Perhaps they are using reverse psychology. Maybe they feel that the best way to get the Chinese to maintain the peg is to demand that they remove it. Historically, the Chinese have always resisted outside interference. + +However, to paraphrase Abraham Lincoln, you cannot fool all of the Chinese all of the time. Soon they will see the light, and when they do, it's lights out for American hegemony. If you think China is important today, just wait a few years. For example, while the Chinese automobile market is now the largest in the world, 90% of Chinese car buyers pay cash. In contrast, only 15% of American car buyers do so. In other words, Chinese consumers can actually afford their cars, while most Americans cannot. Without huge car payments, Chinese consumers are in much better shape not only to trade up to newer cars in the future, but to purchase other products as well. This suggests huge future growth, not only in automobiles but also in other consumer products as well. + +This eruption of consumer demand, made possible by pent-up savings, is creating historic opportunities for investors. When the Chinese start using their wealth to expand their own economy rather than to subsidize ours, infrastructure may well be a primary beneficiary. (For more information on this, see Euro Pacific's new special report: Investing in China's Infrastructure.) + +Whenever the Chinese government decides to end the peg, the Chinese economy will benefit as a result. While as citizens we can hope that U.S. leaders respond with the right policies to enable our economy to regain its former glory, as investors we should position ourselves to benefit from the more certain outcome. +This is dumb but I had a shower thought that confirmed my bias even more. This is so simple can’t believe I never thought of it before. + +Basically it goes squeezes happen all the time. Quickly like DGAZF or slowly like TSLA but they happen. What stands out to me is that rarely does the House FSC hold hearings over what transpired and even rarer do brokers restrict trading of the underlying assets being squeezed. + +The house has held 3 HEARINGS ON GME just on the events from January. + +The GME sneeze in January drove the price up ~10x from roughly $41 to $400 over 5 days. This is by no means a large amount compared to other squeezes. For example, DGAZF went from $400 - $24,000 (60x) in about a week with no fuckery from brokers and no hearings (I don’t believe) afterwards. + + +So why turn off the buy button and why all the congressional attention? Must be something to it. Where there’s smoke theirs fire. +What am I missing with SBUX? They already are incredibly established in their market; they don’t have that much more growth potential. Other food companies like Wendy’s and McDonald’s have p/e around 30, yet SBUX has has over 4 times that at 142. Why do people think they have that much potential? Call credit spreads seem like a good play on their earnings in the following weeks, but there has to be something I’m missing. +I know this might seem like a rather basic question but after a company has done its IPO and received cash from the initial offering, why would it be so enamored about its current share price? + +I understand it might want to release more shares to the public later but this doesn't happen too often I presume because of the dilution effect. + +What I am asking is how would say a 10% price drop affect its actual operations. I presume it could reduce the value of employee stock options and thereby perhaps lead to lower employee morale, but I am having a hard time understanding on a very basic level, why companies are always so apprehensive about their stock price + +Edit: I also guess it could lead to accounting revisions like say reducing SEquity thereby increasing the leverage ratios in an unfavorable way. Is that it? +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +My biggest worry about DRS numbers is that once all apes who are going to DRS do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person outside of Reddit each day, the float would be locked in no time! Twitter, FB, real life, etc. EVERY APE can do this and can start now!!! + +2. Apes with money tied up in **other investments could convert those to GME and DRS**. Consider trading in your “other investment” now. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit or DRSing your IRA if you can. **IRA DRS new link :** +https://www.reddit.com/r/Superstonk/comments/sh5cy1/how_to_drs_rollover_simple_traditional_and_roth/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Read your TOS. + +Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +Credit u\Life_is_Good22…**GREAT** new video to share with Joe Public! : https://www.reddit.com/r/Superstonk/comments/smf7y1/retirement_accounts_are_giant_ponzi_schemes_why/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are dead/dormant accounts. I think it would be generous to say there is even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1243xx (sorry I can’t wait on the high score guy) means there are 124,300 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1300** apes that submitted a CSX number, the number of accounts per ape is 1.36. This reduces the 124,300 CS accounts based off of the high score to actually 91,397 “unique ape-CS accounts”. (Maff=124,300/1.36) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#91,397 x 160.49 = 14.6M shares DRS’d. + +This is the current number of accounts per high score 124,300 adjusted/divided by 1.36 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +You can already see on u/stopfuckingwithme ‘s high score post graphic, that the rate of new CS accounts over time is substantially dropping. (Not reducing for CSX), **Only 10,000 high score accounts were added in January versus 17k in Dec, 15k in Nov, 34k in Oct.!!! And now only 4300 in half of February!!** + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M (even IF all of those are registered) = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit, the average number of shares per ape would need to be 252 to lock the 63M. Obviously this will take a much longer time to accomplish. Even if we DRS 5M shares every month from October 31 2021 forward, it would take us until the end of the year to DRS the 63M shares. + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March release, we will be lucky to be at 16M. Don’t wait for that number. Get off your butt and spread the word to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +Edit: I barely understand Twitter. If I can do it, you can do it! A couple of my tweets have received over 100 views each. Here is text of one as an example for others to use: + +“#DRS Direct Registration of your Shares takes them OUT of the criminals’ hands: DTCC, Short hedgefunds, MM/market manipulators, and puts them in YOUR name. No more lent shares! #GME #Superstonk” + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 +TLDR : Be retaded but don't be fully stupid. + +Mods, please do a better job at recognizing fake DD's and that it's a red flag if a DD (outside of u/deepfuckingvalue) get's 10+ awards in the first 5 mins of posting with no upvotes. Seriously... + +First up, WEBR!!! What doesn't scream red flag like only 100 upvotes but 62 awards in 1 hr of uploading at 9:30am? However, if any of you see the word "squeeze" and choose to buy, perhaps your best without money to begin with. + +[he should be banned for trying a pump and dump](https://preview.redd.it/8eomryhzqdu81.png?width=1404&format=png&auto=webp&s=c83bed4ea1e400b8eb00e194ccf7f45abe151a41) + +&#x200B; + +Second, BBAI!!!! This fake ass DD has smaller DD's than my dried up mum who birthed 8 fucking children!!!! Seriously, her dried up breast milk would provide better returns than this muppet. The slightest bit of research would help him know that they are waiting on an S-1 effect filing and the float is about to double in size. Only thing squeezing in BBAI is my nuts from the incoming loss porn. + +&#x200B; + +[how many of you actually thought he was smart? surely not many I hope.](https://preview.redd.it/u3roykl2sdu81.png?width=1342&format=png&auto=webp&s=cea1374e868ee7279eb8fb9c730e2ab8c0b1a67f) + +Lastly, I have tiny genitals so my anger can be excused. I am a short, fat, plump chicken that lives everyday in fear of being eating or having my eggs stolen. If you argue with me, you're arguing with a fucking farm animal. SUCK MY EGGS AND BE SMART!!!! + +EDIT : Great. Now I look like what I just wrote about. Over 20 bloody awards and hardly 100 upvotes... THIS IS WHAT I WAS TALKING ABOUT!!!!!! NO MORE MEANINGLESS FUCKING AWARDS ON A POST MADE BY A CREAMY CHICKEN COCK!!! + +EDIT 2 : This has gone horribly wrong. I made this to call out fake awards and now I look like everything I said. BWAK BAWK KLUK BAWK BWAK!!!! +Not sure if this is the right sub. + +Basically what the title says. What can we do? Her last paycheck was payed to somebody else's bank. She no longer worked after that check. + +Her company's HR department first told us that the money had been withdrawn by the time we found out. HR tried to charge the bank for the amount back but bank did not comply. They said the only option is to try and communicate with the person whose account received the money. + +If anybody could help us out, please. It wasnt a whole lot of money, but with another baby on the way we could really use it. +I feel like this subreddit is being assaulted by propaganda. Transaction times and fees are high right now because of the SX2 and B.C.H drama right now. I believe some miners have temporarily stopped mining Bitcoin to gob up B.C.H while the heat is high but I do not think it is sustainable and miners will soon switch back to Bitcoin. There is a ton of spam on the blockchain right now with transactions in an effort I think to try to slow down and increase transaction prices. If you can't take the heat, just don't look at the prices or the transaction times. You still have your countries currencies to use in the meantime while this whole drama-filled shitbag gets sorted out. +Don't buy into the FUD. I believe some are falsely trying to short Bitcoin and get people to panic sell to drive the price of Bitcoin down so that they can buy low. In a week from now, I believe that transactions will have caught up and fees won't be so high. Just hang in there while this drama train derails itself on its own. +Even if you don't agree with what I say just know that there is a ton of trolling and bad advice going around right now. Listen to yourself and don't necessarily trust what others are saying, especially ones telling you to jump ship and to buy B.C.H instead. That is what these trolls want you to do. It totally seems like insider trading and scamming at its finest right now. +If you don't know what to do don't do ANYTHING. Just wait for this shitstorm to sort itself out on its own. It will. +#**Wallets** + +The most secure way to access your cryptocurrencies will always be a hardware wallet. It should be a common practice to have control over your own private keys and not leaving funds on an exchange. — The most used and trusted hardware wallets are: + +- **Ledger** *(for all cryptocurrencies)* + +- **Trezor** *(for all cryptocurrencies)* + +- **BitBox02** *(for Bitcoin only)* + +- **Coldcard** *(for Bitcoin only)* + +#**Seed Backup** + +The 24 words that are the password to your funds should always be backed up somewhere. Don’t rely on hardware completely it can and will fail at some point. Make sure to keep the backup completely offline. — The most common seed backup methods are: + +- **A simple piece of paper** (Don’t print, use a pencil/pen) + +- **A metal plate** (It’s the safer method since it’s resistent to fire, water and earthquakes. Engrave the words yourself manually.) + +#**Data Leaks** + +Database breaches will always happen and it’s not even your fault. The best you can do is protect yourself against it by using the most secure tools on all ends. + +- **2FA**, avoid using your phone number, use Authenticator apps instead. Sim swap attacks are more common than you think. — There are countless authenticator apps out there: **Google Authenticator**, **Microsoft Authenticator**, **OTP Auth** etc. + +- **Mobile Provider**, you can request to set up additional security steps to prevent sim swaps. You shouldn’t rely on it, social engineering can still exploit the extra steps. + +- **Password Manager**, unique and strong passwords for all accounts are essential. — The safest and recommended providers are: **Bitwarden**, **KeePass** and **LessPass** + +- **Request Data Deletion**, request the deletion of your data from crypto companies. Especially from the hardware wallet companies. Leaks of personal information, addresses and phone numbers happened in the past before. +Since /u/Bastiat hasn't posted this for the past 2 days, I would like to post it because it's necessary. + +**TL/DR** + +Bitcoin users can help lower transaction fees and improve Bitcoin by switching to SegWit addresses and encourage wallets and exchanges to do the same. + +**SUMMARY** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous Bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India [have already implemented SegWit](https://blog.zebpay.com/how-zebpay-reduced-bitcoin-transaction-fees-a9e24c788598) and are reaping the benefits of reduced transaction fees. If Bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed. + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. + +There is an opportunity now for all Bitcoin users to individually contribute to help strengthen and improve the Bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing Bitcoin and leaving what could turn out to be a multi-generational legacy for humanity. + + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $31.10 USD per TX +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 185k unconfirmed TX's +- [SegWit Charts](http://segwit.party/charts/) - 10.02% SegWit TX's + +__________________________ + + +**BACKGROUND** + +On Dec 18 Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand Bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below. + +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. + +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of Bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail + +3. Help educate newcomers to Bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing Bitcoin through non-SegWit ready exchanges that are harming Bitcoin. + +4. Spread the word! Contact individuals, websites, etc that use Bitcoin, explain the benefits of SegWit to everyone, and request they make the switch + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your Bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your Bitcoins to a SegWit address or SegWit friendly exchange. + +__________________________ + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | **Deployed** | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) + +- Kraken: [Deposits are made to Segwit addresses and withdrawls are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) + +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + +___________________ + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + +______________________ + +**FAQs** + +Where can I get a fee estimate for a SegWit transaction? + +- [Here's a good website that could help.](https://coinb.in/#fees) + + +How can I get a SegWit address from my Bitcoin Core wallet? + +- Currently, Bitcoin Core hasn't implemented a way to get a SegWit address using the GUI. But you can get a receiving SegWit address using the debug console. To do it, go to the "Receive" tab and copy a receiving address (it starts with 1). Then just click Help > Debug window > Console and type: addwitnessaddress addr + +- You should replace addr with the receiving address that you just copied. Tap enter and you'll get an address (starts with 3). This is your SegWit address. You can use this one to receive funds. When you spend from this address, it will be a SegWit transaction. Easy huh? + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +- SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +- Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +What determines Bitcoin transaction fees, to begin with? + +- Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +Can you please tell me how to move my Bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.5 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +What are the two SegWit address formats and why do they exist? + +- It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + + Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + + [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +What is the difference in address format between SegWit address formats P2SH and bech32? + +- P2SH starts with "3..." + + bech32 starts with "bc1..." + +Which addresses can I send from/to? + +- P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility + + bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + + [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +- The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any Bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- [Day 1: If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) + +- [Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) + +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) + +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) + +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) + +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) + +- [Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) + + +Credits to: /u/Bastiat + + +I've been investing, trading, gambling for about 5 years now and I've done pretty much every rookie mistake there is. Sold winners from 2016 (Shop,Nvidia,AMD,Paypal) Lost fortunes on chasing that pennystock. Played and lost with trying to time the market, option trading. + +I've been very active during these years reading and learning and you be surprised how often people get sucked in to the same stuff you self did once. + +These are 8 guidelines that really helps me and that I've learn to appreciate over the years. + +**1.Don't FOMO** + +Yes we all heard it. You know that feeling when people are posting crazy gains on these new stocks, we all saw the EV hype. It's so so easy to get sucked in to thinking, if I just put in some money right now I can get 10-20-50% gains in a few days! It's already up 200% this month, surely it will keep going!? + +This takes some real patience to keep your head cool and realize it could very well be overbought and the downside risk is just a lot higher than potential. + +I've seen several sector hypes. We all remember the crypto bubble, the weed bubble and now lately the EV bubble. They all come and go and the more of these you been in from the start the easier it is to realize what's going on. + +**2. Cut your losers and let your winners run** + +Buying the dip is great when the market is down but if the fundamentals of the business is bad then usually this will just result in greater loss. On the flipside, if you have a few great picks and nothing fundamentally has changed and it keeps moving in the right direction then don't be afarid to keep adding. + +**3. When the overall market is down, you buy** + +No one can predict the market, don't waste time on it. When the overall market is down your stock is literally on sale. Usually every sector is down when the market is down, your stock and business has not changed one bit however, it's just a lower price now. + +**4. Don't be afraid of corrections.** + +Yeah it sucks seeing your portfolio down 20-30-40% but realize that stocks always go up, they seriously always do. Just keep your head down, keep buying and play that long game. + +**5. Small amounts can turn into big profits down the line** + +When you get really into investing you seriously start rethinking your life. That new OLED 77 inch? Only 2k right? What do you think that 2000 could be in 10 years? You just want to put every damn penny you got in the stock market because compounding interests are just too good to pass up. So just rethink if really need that new thing now or if it could wait. + +**6. If the company keeps growing, why sell?** + +Taking profit is good however not always the best thing to do. If the stock you have keeps growing and keeps crushing earnings. Why should you sell? Why just not keep it for years, it sure can be tempting but are you sure that money could be spent better elsewhere when it's easily growing in your winning stock. + +**7, Never regret that you didn't buy more** + +We all been here. Why the hell didn't I buy more of Amazon? Why didn't I just put my whole paycheck in this stock!? + +You can never do this. It won't lead to anything, you can't fix it and you honestly did the best decisions at the time with the information you had. Realize that at the time this was the best decision, ofcourse hindsight it looks like you could have done a better decision. + +**8. Don't sell and buy in again to time a correction** + +This is very hard and with the momentum some growth stocks have these days you might just end up loosing more of that profit even if there is a slight correction. Just keep the money in and stop worrying. +[So I posted this on Monday](http://www.reddit.com/r/personalfinance/comments/2gkc4c/uk_so_over_the_past_3_months_ive_essentially/) feeling pretty desperate and with no options to turn to. I had racked up a lot of debt which I didn't feel that I'd been able to clear and I'd been taking drugs and all sorts of shit over the past few months as I had lost my job, my gf, and all motivation as I didn't realise how hard the real world was. I'd had the same job for years and thought I could just walk into another. ^^^Man ^^^I ^^^was ^^^fucking ^^^stupid. + +The debts I had were: + +- Water Bill - £94 (Phoned them up and they've given me some options that are viable, thanks guys!) +- Gas Bill - £84 (Same as above, they've given me a grace period to let me catch up) + +- Electric Bill - £141 (They've said they can spread payments out which will make things easier starting from next month) + +- Council Tax - £908 (They've been pretty unflinching. Either I pay up straight away or I'm going to court and I'm in a lot of trouble :/) + +- Two Months Rent - £1620 - (inc late fines) (Spoke to the landlord and he's pretty pissed off but he's been better than I thought he'd be. He said if I can clear the rent he'll drop the late fees and the eviction notice if I can do this before Sunday. After that he'll drop my rent to £400 til I get a job which is pretty good of him) + +- £500 borrowed from a friend (Told him that I wasn't able to pay and just opened up about the whole situation. He was surprisingly cool with it and I'm so glad that he's not dropped me over this. + +- Mobile £69 (Service now suspended. They've handed this to a debt collection agency so I'll have to sort that out) + +I've also signed up for housing/jsa benefits and been into the job centre to talk about my situation and whether they can help out job wise. I've signed up to a local GP and still trying to sort out my dentist to get my missing teeth sorted. [Here's a picture for the curious](http://i.imgur.com/ezqXouO.jpg). The other one is a molar at the back so it's hard to show you. You've no idea how big a drop in confidence a missing tooth is :/ + +As for jobs nothing going at the moment but I've just gotta hang tight. I've sold my bed, furniture, books and all sorts over the past few days to get to the point where I've got a little bit of cash to keep me going. + +I actually had quite a few pills and stuff from what I've been given from randoms on a night out which I was going to just take in one go on Monday and be all "To hell with it" but I've flushed them and I'm done with that. I went a good 25 years without doing ANYTHING then all of a sudden in two months I tried everything just to escape from this little crisis. It's amazing though how many people will give you something to try when they found out you've never done anything. It's like they want a front view seat on your first time. It's kinda weird really. + +I just want to thank the PMs with advice and from those who just wanted to chat were really appreciated. The past two weeks I'd cut off contact with everyone and just shut myself in. I'd really come to dread waking up and I have having panic attacks whenever some knocked at the door or delivered mail. I was utterly terrified. If you knew me in person a few months ago, someone who always cheerful and reliable, you would have been blown away at how hard this hit me. + +This morning when looking at everything you'd said and what I'd managed to get done. I cried. I haven't cried for a very long time. But it feel good. Cathartic even. + +Thanks /r/personalfinance. You're wonderful people. +All I want is to buy a moderately distressed 2-3 br house, fix it up, live in one room and rent the others out. + +I have enough cash for a 20% down payment plus more in savings. + +I have potential houses in decent neighborhoods that have 0% room vacany. Rent for one room in these houses is more than what my mortgage would be for the entire house. + +I am handy and could do nearly all the renovations myself. + +I have a credit score above 780 and no debt. + +My personal living expenses are quite low and I only spend about 50% of what I earn. + +I have read books, forums, and consumed probably thousands of hours of podcasts on how to do this properly and responsibly. + +. + +. + +. + + +Apparently none of that matters. + +I work freelance and don't have any W2 income. I'm a creative and sometimes make 10k a month and sometimes make 0 a month. I made about 60k last year. + +So, no bank or lender wants to talk to me and certainly not for a reasonable rate. + +Meanwhile, my buddy and his wife bought a 100 year old house for 850k 6 months ago and they both quit their W2 jobs in the past 2 months but don't even have to report that to the bank. + + +I've just wanted to get my foot in the door for years but the stringent requirements on W2 income et al make it look like I'll either have to give up my life as a freelance creative or just never buy real estate until I can pay the full amount in cash. + +Very frustrating! +In the long run, as it relates to building wealth, is it better to own land/house/condos etc. and rent it out or can investing in REITs be just as lucrative? + +Currently, I have a piece of property and a tenant but I don’t know if I want the responsibilities of being a landlord moving forward. + +I want to relocate but the property is keeping me tied down. I am considering selling the property and then taking some of the money to invest in REITs that pay dividends. + +Has anyone done this? Any experience / advice for starting off as a landlord but then switching to real estate investments? + +Thanks!! +Hello everyone! I posted this to a facebook RE group but didn't get any responses and couldn't find any answers here from previous posts + +I am a rookie real estate investor looking to get started this year. I've been exploring my options and have come to the conclusion fix and flips or BRRRR will be my main focus. However because I was "self-employed" since the beginning of January 2020 I cannot get a traditional mortgage. This is relevant because I am wondering if I was to BRRRR a property; currently looking at a 4plex... What sorts of options would I have in order to refi out of a hard money loan? + +I was thinking a local credit union may do a portfolio loan 70-80LTV or a commercial loan then refi later when I can qualify but I'm not sure if there's any other options + +TIA!! +I have plans on purchasing my first investment property in around July. Will this be a good time? Should I wait? Obviously if everyone can predict how the housing market will react we'd all be gods, but a lot of you are experienced buyers and I just wanna know what y'all in this subreddit think. Thanks in advance. +I have $135k in net liquidation value with $90k invested in long term stocks and $45k in cash. + +I have a margin account and have sold cash secured puts on things I want to own but am pretty much new to assessing the risk of trading options. If I was to open a delta neutral strategy (straddle/strangle/iron condor etc) how much should I allocate as a % of my account? And how should I assess risk? Should I always be cash secured or trade $100k positions with only $45k cash on hand? Basically, I’m a noob and just don’t know how to assess risk. Appreciate if there are any reading recommendations on this that don’t require some advanced math like in risk management. + +As an example, if I sold 1 weekly put on TSLA for 1300 for around $500 premium, is that too risky? + +Thanks for the help! +Bought 100 shares at $39 back in Nov. I sold one CC 14DTE 20% OTM for $2. I had intended to continue selling CC's until the cows came home or I got assigned. Of course, it dumped and I've been stuck with the stock for the last few months. + +Selling calls doesn't make sense with the lower premiums and the risk of losing shares at a loss if said underlying pumps. I'm fine holding but I'd like to hear what you guys would do in this situation. Thanks! +One Of my 1 Month PFE PMCC's just reached 50% profit in a little under a week. + +&#x200B; + +The Strike was at my Lowest Strike Possible for my PMCC to still make a profit if its assigned. Should I wait for the Price to increase towards its resistance for the Premium amount to go up or should I go ahead and Roll the Covered Call Forward? +Looking for some info on what I'm not understanding. I bought a butterfly spread on SPX. When I bought it, it said my max loss was $67 and max gain was $925 ( or something close to that). Fast forward to the end of the day and it has me losing $1800. Even my bought calls lost money. How is that possible? I attached a screen shot below in hopes that will help explain the situation. + + +&#x200B; + +https://preview.redd.it/hc3aney6w3491.png?width=1559&format=png&auto=webp&s=bd9df0887f3dbacfd52855c22b4ddbcdc5f58987 +The covered calls/puts wheel vs. dividend stock investing + +I’ve got some cash in an investment portfolio geared mainly towards dividends separate from my trading portfolio, but I just learned about the wheel strategy in selling covered calls and puts. It sounds like a more rewarding strategy to make consistent money off of the premiums for writing contracts, rather than getting a couple bucks every month from dividends. + +Pretty much, I’m asking if it’s a good idea to sell off my dividend stocks to invest in 100 shares of a stock in the $15 range to hop on the covered calls/puts wheel? +Let’s say you have few millions in your account which you have invested in real estate , cash , bonds , index funds , dividend stocks and other less riskier investments . + +After all that , you have an additional $1M in your brokerage account and ability borrow on margin if it’s worth but capped at $400k to give some protection against margin calls . + +How will you build out a diversified portfolio of stocks for using the wheel strategy to get maximum returns . Please include ticker names. +I realized I had been looking at the ATM time decay curve, where time decay accelerates into expiration. In the OTM curve, most of the decay is 45-21 days, then it slows down. Tastytrade has videos and graphs on this. + +So will my annualized returns be higher if I trade in the 45-21 day period instead of 5-10 DTE? + +Tom says to manage at 50% or 21 DTE. I understand closing at 50%. But does that mean rolling to 45 DTE when 21 DTE is reached, whether I am up or down on the trade? Should I roll for a big credit and be aggressive, or roll for even and be very conservative to avoid assignment? Would prefer to avoid rolling for debits. I usually open around Delta 12, typically well outside of the expected move. + +Thanks, I believe this is advanced material here + +Edit: 2 tasty photos + +[https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020](https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020) + +[https://www.tastytrade.com/shows/market-measures/episodes/option-decay-atm-vs-otm-07-29-2020](https://www.tastytrade.com/shows/market-measures/episodes/option-decay-atm-vs-otm-07-29-2020) + +[ATM curve for time decay](https://preview.redd.it/f4dhltp0jm481.png?width=693&format=png&auto=webp&s=58ab7ee997b2f879e60c9408badd0c3e190213f9) + +[OTM curve for time decay](https://preview.redd.it/s15lkwp0jm481.png?width=693&format=png&auto=webp&s=b49263386b5bb96d192f632c685d57b65019a50c) +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi all. + +I want to know if it is in my best interest to sign this agreement. I have been employed here for 8 months now. It includes a termination fee to repay the company for training, if we quit before 1 year employment. The fee is over $1,000, more than half a months pay. + +It is for two weeks of training that I never received, plus paying for access to programs that I need for the job. I cannot continue to access these programs after I leave the job either. I was thrown into this position, end up doing additional work because others above me have quit. And my pay rate is the same even though I am doing more work. + +I told them my family lawyer would look it over, but I am not planning on signing it. Turnover is high here bc it isn't the best place to work. Bosses are rude, pay isn't good, and they are even passing along fees for finding new client into us, so our goalline for the bonus has just moved up higher- even though we are NOW two employees down. Also, any employee mistakes (ordering the wrong records or paying the wrong cost) are taken out of our bonuses. + +I want to know if this is a time to negotiate something. I am doing more than what I was originally hired for, but I do not appreciate this company culture and I feel that I am not being trained to better myself there. So the secondary payment of a job, being able to move up in the next position because of experience/training in the last one, does not apply... + +Thanks for your advice. + +​ + +Edit: + +This is in Missouri. + +And this is the part that I am concerned about... + +"If I voluntarily resign from \[employer\] during the one year period of my specialized training required to become a \[job position\] I agree to repay all costs and expenses incurred by \[employer\]... I understand and agree that the costs and expenses incurred by \[employer\] for my specialized training is (over $1,000) and that I will repay this amount.." + +Then it explains how they come up with the number, stating two weeks of training at my hourly rate plus cost of access to the programs that we use, which is less than the reimbursement fee. BUT there was zero training, and I have been doing more than the job position that I was hired for, and of course it is higher level work. + +Edit edit: They are upfront about the cost, which would be reduced by 1/12 every month I've been there. Still a fee of about 100 a month for every month before my one year anniversary if I quit. + +Edit edit edit: Sorry- I always think of my pay post taxes- I make a little over $1,000 bi monthly. +I'd make an insulting remark about Russian stonks but I'm pretty the market will do it for me. + +(Update Post 24 March Opening) + +Instead of ripping off the bandage and letting the market decide, Putin and his infinite wisdom has artificially propped up the major stocks using funds from the Central Bank so that it appears that the market is rising, but only upon first glance. They banned short selling and foreign stock sales and only allowed trading of a very small amount of stocks in a very small window of time. + +[https://www.yahoo.com/now/russian-stocks-jump-much-12-102052318.html](https://www.yahoo.com/now/russian-stocks-jump-much-12-102052318.html) + +[https://www.cnn.com/2022/03/24/investing/premarket-stocks-trading/index.html](https://www.cnn.com/2022/03/24/investing/premarket-stocks-trading/index.html) + +[https://www.reuters.com/business/finance/limited-russian-stock-market-trading-resume-march-24-central-bank-says-2022-03-23/](https://www.reuters.com/business/finance/limited-russian-stock-market-trading-resume-march-24-central-bank-says-2022-03-23/) +Hello /r/UKPersonalFinance , hope this post adheres to the rules. + +I'll receive a job offer in London, and it's most likely that they will ask me my salary pretentions. + +Today I live in Singapore and my salary is 14,000 SGD / month. + +Talking with a friend that live in London I got the following monthtly costs (he, as me, have a family of three, with one four year old daughter): + +- 1750 GPB rent +- ~95 GBP utilities +- 60 GBP internet +- 130 GBP Council tax +- ~180 GBP food and groceries + +Which amounts to about 2250 GBP monthly expenses. + +Given that I was thinking about asking for a 5500 GBP / month (66000 yearly). + +My two main questions are: + +- Given these monthly expenses is this salary reasonable? +- How much would I pay as income tax yearly? +- Are there any deductions on my monthly salary that I am not aware of? If so what are they and where can I find more information? + +Thank you in advance! +After many months of deliberations and waiting for full Computershare access, I have decided to start 'selling' my etoro shares and buying back into CS. + +I put selling in inverted commas, because I am of the opinion that any share held at eToro holds no weight, isn't real and does not affect the market one way or the other. Holding xx shares there that can't be drs'd has pained me for a while now. I want my hard earned money and shares to mean something, to contribute to the overall goal of locking down the float. This is my way of taking action. + +My overall position in GME will only increase with this process. Seeing as eToro never actually owned my shares, there is technically not going to be any shares being sold back to the SHFs. + +Buying and Holding (at least through eToro) isn't enough. DRS is the way. + +Happy 2022 y'all. Power to the Players! +I have relied mainly on naked puts. I have proper stop loss rules, and ensure adequate capital to prevent unexpected margin calls. I have gotten 2% a month for 3 months. The slow pace compared to purely investing in stocks (one day NVDA up 5%, another day MSFT up 3%, and another FUTU up 7%, etc, while I’m here seeing negative paper loss or 0.5% return before I take profit) makes me wonder if I would have been better off investing when the market is bullish, like now. + +The reason why it feels so bad is that I have spent 3 hours a day, for like 5 months, at night doing up spreadsheet, reading, learning, watching tutorial videos, only to get returns that anyone who closes an eye can get in stock market. + +Really very discouraged and hope someone can advise if options as a MAIN trading tool is the right thing to do. + +I have 4 PMCC, but this is a long term strategy and thus I can’t evaluate the profitability. + +I have vertical spreads, but the margin is quite thin for the risk ($95 capital for $5 gain if the stock goes in your favour). Also it’s quite difficult to find. +An American data scientist unveiled in the mainstream media yesterday the results of an investigation she conducted on the early days of Bitcoin during the 2009 to 2011 period. It's fascinating: according to her, 64 individuals controlled virtually all of the mining at that time, and they could easily have attacked the network, but chose not to. + +This study raises questions about the decentralization of Bitcoin in its early years. We know that the community was much smaller back then, but it's impressive how tiny it was. + +The scientist, Alyssa Blackburn, used "leakage information" to come up with this result. Here's how *The New York Times* reported her methods : + +&#x200B; + +>Aggregating multiple leakages, Ms. Blackburn consolidated many Bitcoin addresses, which might have seemed to represent many miners, into few. She pieced together a catalog of agents and concluded that, in those first two years, 64 key players — some of whom were the community’s “founders,” as the researchers called them — mined most of the Bitcoin that existed at the time. +> +>“What they figured out, just how concentrated early mining and use of Bitcoin was, that’s a scientific discovery,” said Eric Budish, an economist at the University of Chicago. + +Some might think this is bad news, but I disagree. For one thing, it proves that serious scientific researchers are interested in blockchain and its usefulness (by the way, Alyssa Blackburn herself says that she is cryptocurrency agnostic, and she says that her research can help make the network more decentralized). + +It also shows how far we've come since 2009. Today, it would be unthinkable that a single person - or a small group of people - could carry out a 51% attack against Bitcoin. + +Finally, it proves that the early adopters cared about the health of the network. + +Contrary to what no-coiners love to think, cryptocurrency and blockchain is a new and fascinating technology, and that study proves it. Real scientific progress is being achieved because of it. “The techniques used to extract information are interesting", said Jaron Lanier, a computer scientist. Studying blockchains lead to new techniques, which is a scientific progress. + +What do you think about this discovery? +&#x200B; + +One of my favorite charts of all time is the Papiermark vs gold. The Papiermark (also called paper mark or Weimar Mark) was the Weimar Republic’s fiat that hyperinflated and went to zero in the early 1920’s. + +After WW1, Germany was forced to pay reparations for the war. But the reparations were denominated in gold. So predictably, nations that were owed money, banned imports from Germany, and then central banks colluded to manipulate gold. Meanwhile, the US continued loaning money to Germany to make its reparation payments to France and the UK, so that these two could service their war debts to the US. A very disgusting game. Anyway, this all set the wheels of the Papiermark’s hyperinflation in motion. + +What people don’t realize, however, is that many of the people that bet against the Papiermark (especially those with leverage) went broke before the Papiermark did, even though they guessed the direction correctly, entering their trades as a favorable parabola was forming. How’s that? Because the volatility was too extreme, the percentage change in gold’s price versus the currency could move 100% or more in a single week, and it took years for hyperinflation to fully play out. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lo586w99oa481.png?width=601&format=png&auto=webp&s=d7dcf2973cb4c5c2e2ad519936f895cec38d63cd + +&#x200B; + +So playing leverage in either direction on Bitcoin is a fool’s game, unless it’s part of a strategy involving derivatives (options, futures) where you can tape together delta-neutral positions, or hedge out crippling risk. + +Here’s what you do: + +* You go long Bitcoin, and you shut up. +* Repeat + +You don’t ask what the exit strategy is. This is what shitcoiner’s ask of their altcoins, which are parasites hanging around waiting for bitcoin’s halving every four years to do anything. This is about the separation of money from State. In thirteen years, when was the best time to sell bitcoin? Never. Bitcoin **is** the exit strategy. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +PS: Be friendly. Be civil. +In my view, the best app for portfolio tracking is Google Sheets, period: + +1. You have control over data that is being entered +2. You maintain the template so data entry becomes familiar over time +3. You are not at the mercy of a VR / ET / etc portfolio tracker in deciding what instruments they support +4. You can customize it to create charts that you want +5. You can automatically fetch stock / mutual fund prices using Google Finance query +6. You can automate tasks like daily/monthly portfolio history, equity curve, etc if you care to learn Google App Scripts + +You do share personal data with Google. If you see this as a concern, let me disillusion you - Google already knows most of this. + +I have searched long and hard for the best template. In my search over 1 year, the absolute best is OSV template: + +[https://www.oldschoolvalue.com/investment-tools/stock-tracking-spreadsheet/](https://www.oldschoolvalue.com/investment-tools/stock-tracking-spreadsheet/) + +Each of us have an evolution path from consumer -> contributor -> creator. Hats off to these creators who manage something worthwhile and more importantly share with others. + +You can easily adapt it to India by looking up the code at finance.google.com. For example, you can et ITC's stock price by querying GOOGLEFINANCE("NSE:ITC", "price"). Mutual funds are supported as well. For example, PPFAS - GOOGLEFINANCE("MUTF\_IN:PARA\_PARI\_FLEX\_17J17OL", "price"). The stock prices have 15 min delay. Mutual fund NAVs are typically updated later. At about 2-3 PM, you can get the last day's NAV. + +Have you come across anything better? +So, a friend of mine has a successful trading algo in the US market which I want to test on historical Indian market data. + +Now I am a newbie to python and backtesting. + +Engineer who can quickly catch up things, have done good quality programming in C++ but that was more than 10 years back. More recent experience in sql and stuff . + +Can the coders here provide detailed steps on how I should go about it? + +1. I was to achieve the proficiency to be able to make changes as well. My plan is to monetize it if it works on Indian market data +2. How to access Indian stock market tick data? Do I need to buy ? If so, where ? +3. Any learning suggestion for Spyder? +4. Python Basic tutorial + +Currently not working a job and can devote 20hrs a week. +Hi everyone, + +I was filing ITR 1 for the past 3 years because I never invested in mutual funds or sold any of my company RSUs (which come under foreign equity since they are listed on NASDAQ). I was doing this myself with the help of cleartax. + +This year I have capital losses and I also sold some of my RSUs which will come under foreign income category. + +Just wanted to get an opinion from people, whether they use the income tax department to file ITR-2 or do most of you go with a traditional CA route. + +I checked cleartax pricing(https://cleartax.in/s/pricing) and I would have to take the INR 3599 package. What is the usual charge for such a service in market. +What are thoughts of this community on Kotak's NFO for Nasdaq 100 FOF? + +Portfolio funds: +1. iShares NASDAQ 100 ETF USD Acc + +2. Lyxor NASDAQ 100 ETF Acc + +3. USAA NASDAQ-100 Index fund + +4. Or similar overseas ETF and/or Index Fund based on NASDAQ 100 Index + +Yes I am aware the risks with NFO. I am looking to invest long term starting with small amounts. + +I would like to know your thoughts on few things: + +1. How do you think it will fare against similar funds of Motilal Oswal and Parag Parikh? + +2. How will USD-INR rates fluctuation affect returns? + +3. What are tax implications of such funds for Indian resident? I am not looking to invest a lot and don't want to spend more efforts in the already laborious tax filing process. + +4. Anything else I should be aware of? +So I'm normally a meme guy and NOT a guy that comes up with TA or DD or stuff like that. However I was browsing popcon posts because I like to keep up with that situation as well despite owning zero popcorn stock. Something hit me and I wanted people's thoughts on it. So obviously MSM has a VERY different view about RC vs AA. Guys like Cramer (confirmed shill) love AA and obviously hate Ryan Cohen. RC issues the splividned and MSM trashes him. AA issues A P E and gets applaued. + +Here's my question and follow up thought. Popcorns preferred stock gets more "rights" than it's common stock. But it's under a different ticker. Does this mean that someone who is short the common stock is NOT short the preferred stock? How does that work. Because if people are selling the common shares for the more beneficial preferred shares, that could mean they're just handing their common shares over to shorts to close their positions. Im as smooth as they come so I'm not sure if this is how it works. But if it is, to me this confirms AA is in cahoots with SHFs and that's why the media loves him. This would also explain why he gets love from MSM and RC doesn't because they want people in popcorn and not GME. + +Thoughts? +**edit:** Just to clarify the title, I don't mean it to come pretentious. I just googled "average wedding cost" which says the average wedding costs $26K. Since it's more or less what I spent, I thought it'd make a good title. + +I just got married. I know there are people who can pull off a wedding for $4K or maybe even for $500. Well, that wasn't us. + +I wanted to give you guys a rough list of our expenses to show why weddings are so expensive even when you're trying to control costs. I hope this post will be useful for some of you in some way. + +**July 2014:** + +* $2700 (20%) deposit for the engagement ring. Financially, I'm doing pretty well but even for me the ring she liked had a steep price tag. But I decided I wasn't going to cheap out on the ring and got the ring she liked. + +**December:** + +* Well, she thought about it and decided she doesn't want the expensive ring. So we returned it. We got a much cheaper ring. While we were there, I went ahead and bought our wedding bands too. Paid another $3700 for all 3 rings. Total ring cost: $6400. + +**February:** + +* $1300 deposit for the venue. +* $600 deposit for the DJ. He was a recommendation from a friend whose wedding I had been to. A band would have cost more, I assume. +* $2000 for the bride's dress. There were many purchases and returns in this month from bridal shops. I don't understand the process so I can't quite comment on it. My understanding is $2000 is not a terrible price. We also paid $100 or so in shipping. +* $250 for the bride's shoes. + +**March:** + +* First makeup trial: $120. She didn't like it. +* Florist deposit: $850. This is insane. I was thinking "They're just flowers! How can they cost so much?" Well, there is more to it apparently. There's the design, colors, blah blah, and of course, it's a wedding. Everything costs 10x of what they should. +* Catering deposit: $4300. At this point we expected about 100 people. Not a big wedding really. **edit:** I went back and looked what's included. The price includes the cake, linens, food, beer/wine, apps for the cocktail hour, and the dance floor. I paid a little extra for the beer/wine since we had craft beer choices and not the usual domestics. The venue required a dance floor to be installed since it's a historic venue. So, not quite $100/plate as I quoted elsewhere. +* Second makeup trial: $160. She didn't like it. +* Dress alterations round one: $60 + +**April:** + +* Photographer deposit: $550. She's a friend so she gave us a good rate. Yep, that's half of a good rate. +* More wedding dress stuff: $330. I have no idea why so much. +* Third makeup trial: $120. And we found THE ONE before the makeup trials bankrupted us! + +**May:** + +* Groom's suit: $200. I also bought shoes for $350 but I didn't quite include it in the wedding cost since I'll wear those shoes for the next 10 years (I hope!) + +**June:** + +* Venue second payment: $1100. We had a Friday wedding so it was $1000 cheaper. Well, that's good I guess. +* Photographer second payment: $500. +* Marriage license: $60 +* Cash to tip the DJ, venue people, catering people: $540. These people worked hard and they deserved it. +* Venue late-night cleanup fee: $200. We wouldn't have to pay this if we could do the cleanup the next morning but the timing didn't work. +* DJ second payment: $980 +* Florist second payment: $1000 +* Catering second payment: $4600 (90 people) + +**July:** + +* Nails, pedicure, makeup, and all that jazz: $460 +* Hotel for the newly weds: $410 +* Hotel for one guest who couldn't pay her own: $220 +* Officiant: $100 - was a friend who gave us a deal. The fees I've seen here go between $200-$400. + +When all is said and done, we ended up spending $28K or so -- $22K if you exclude the rings. Definitely not the cheapest wedding. Definitely could have saved more money somewhere. But everything worked really well with no incidents or crisis. The bride never got into the bridezilla mode. I also found out that things just add up. I was hoping for a $15K wedding (excluding the rings), we blew that budget by about 50% and not because we were careless. + +The biggest costs, as you can see, are the rings and the catering. We went with the buffet style to save money but it's still about $100/plate. I'm sure smaller towns have it cheaper. We also went with a caterer we know -- and to their credit, the food was really really good, and the service was excellent -- and didn't really too many options anyway since the venue gave us a few caterers they prefer and have worked with before. + +My wife's second choice of a wedding dress was considerably cheaper (about $800) but she liked the primary one so much we stayed with it. You know what, she looked incredible in that dress so I'm glad. + +Anyway, I hope you guys don't ridicule me for over-spending :) The good news is it's a once in a lifetime thing (hopefully!) so I won't be spending this much on a wedding again! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) + So to start my DD on the Infrastructure sector and keep the sentiment going from yesterday's context post ([link here](https://www.reddit.com/r/ASX_Bets/comments/mq2xx2/boring_infrastructure_plays_context/?utm_source=share&utm_medium=web2x&context=3)), I going to hit the big market leading stock of CIMIC (CIM). + +**Ticker**: CIM + +**MC:** $5.53B + +**Current Share Price**: $17.77 + +**Average 4w Volume**: 771, 372 + +**1 Year Performance:** \-23.54% + +**P/E Ratio**: -5.5 + +**P/B Ratio**: 8.5 + +**EPS**: $1.95 + +**What they say about themselves** \- CIMIC Group is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. + +**Smooth-brain/ELI5 version** – Makes big money from building big things that usually have more than 7 to 8 digits worth of value, at the same time keeps making 7 digits worth of money off keeping older things from breaking down. + +**What do they do** **(my take)**: + +CIMIC are pretty much THE Tier 1 construction company within Australia that builds pretty much most of the major transport infrastructure projects around Australia. Think Cross River Rail in Brisbane, Sydney Metro Northwest and Westconnex, West Gate Tunnel in Victoria Thornlie-Cockburn Rail line for MetroNet in Perth, Canberra Light Rail and even more to come as project bids are underway. + +There aren’t many other Tier 1 construction companies that compete for these big pieces of work, with the only exceptions being **John Holland Group** (no longer on the ASX as it was sold by Leighton Holdings to CCCC – a Chinese construction company), **WeBuild** (formerly Salini-Impreglio – a Italian construction company) or **Acciona** (Spanish construction company). It’s worth noting that CIMIC was formerly Leighton Holdings (bought out and rebranded due to a huge incident that ended up with a senior exec in jail on charges of bribery). It is now primarily owned by **Hochtief**, a German based construction company, with about 70% of the SOI. + +CIMIC is actually made up of 5 subsidiary companies that have a slightly different focus from each other. **CPB Construction** & **Thiess** are the actual construction companies that get in on big projects that build your bridges, railways, roadways, and virtually any other large scale transport project. They also have engineering support subsidiaries in **UGL** (providing broader project design work and also maintenance support services) and **Pacific Partnerships** (a financing subsidiary that helps form the private portion of Private-Public partnerships as you see on projects like Cross River Rail). + +The company has had a rough roller coaster of a 2020 year through COVID & a class action liability suit, which wasn’t really reflected by the share price until the annual report validated the poor financial performance and dumped the stock down \~20% early Feb 2021. Since then, the stock has been on a pretty intense downwards trend to its current newfound support level around $17 (as suggested by the MACD and RSI thanks to Mr Squiggle). Today was the AGM and it seemed to have given CIM a 2% boost thanks to some hope for the future as CIM positions itself in for the increased outsource maintenance services market as well as the $30B per year spending on new infrastructure as part of the Australian Government’s economic post-COVID recovery plan. So before I get to there where to from here section, its probably worth considering the following positives and negatives: + +\- **Positives** + +o Sold off \~50% of Thiess for $2.2billion, which also improves cashflows by $450million annually. This means that the company can focus more on the transport/infrastructure arm of the business as this is where the money is to be made whilst governments are spending big on infrastructure + +o Project work in hand equating to $30.1billion (approx. 2 years of revenue) with recent contract wins that equate to more than $7.4billion, with more to be announced as more than $500billion worth of projects come back online across the country (thanks to Governments spending their way out of the COVID recession) + +o Managed to get themselves out of a massive loss in 2019 (\~$1.4billion) into a profitable state ($620m) – but was only due to the sale of Thiess so could be seen as a negative as the company could screw up again + +o The positive cashflow and cash reserves support the company’s strong liquidity + +o Recently signed a $1.4bn bond facility that will provide reassurance to CIM’s clients that they won’t go insolvent (especially after Greensill went bankrupt/insolvent – virtually financed supply chains companies to have initial capital to put materials into projects) + +o Improved EPS from -320.9c to +195c + +o Top 20 shareholders with the largest being HOCHTIEF (a Spanish based construction company - FRA: OCI1) + +o Had a recent share buyback of about 10% of total shares on issue at the time in September (\~$281m) + +\- **Negatives** + +o Revenue has been hampered by COVID, down 28% to $7billion, + +o Missed profit guidance by $200m-$300m for FY2020, and a dismal FY2021 forecast of $400m-$430m + +o Recent legal battles with Chevron on the Gorgon Jetty project, disputes on the Royal Adelaide Hospital, West Gate Tunnel soil contamination issues as well as problems on the Ichthys Power plant project + +o Operating cash flow is down 77% to $190m, whilst also reducing its Price to Book ratio (so has lesser amount of assets to utilise and leverage) + +o Governments are reconsidering projects due to COVID impacting upon their underlying business cases and funding avenues, and with some projects put on the backburner until COVID conditions ease further + +o Had a 2 notch rating drop on the S&P ratings to BBB- due to “significant deterioration of financial performance” + +o A new CEO appointment (but was formally part of the CPB subsidiary) so could drastically improve the company or drive it further into the ground while trying to find his feet, so probably TBD. + +o Had a nice 60c dividend but is still less than the 71c given in 2019 + +**SO where to from here for CIMIC?** + +The new CEO has been able to improve company outlook despite a dismal earnings forecast, and as a result I think has got shareholders excited for what is to come in the future. After its recent SP drops, I feel like CIM is undervalued based on its market leading position and capability to win and deliver massive billion dollar projects and ongoing maintenance contracts. What could de-rail this is if project-stopping issues/conflicts come to light on existing projects, or if the CEO takes his eye off the transport infrastructure super-cycle that we find ourselves in. + +Now with that in mind, the dismal $400m earnings forecast for this FY will most likely improve as CIM start winning more work. I think it won’t be impossible for CIM to return to its $10B MC within the next year or two as COVID factors become a lesser concern, and governments aim to splurge tax dollars into an election year. + +**So would you buy/wait/avoid the share?** + +As mentioned earlier, I think that CIM has found a support level in and around this $17.5-$18 range as it has trended sideways for the last few weeks. I personally would wait a bit longer before buying in. Q1 results are expected on the 30th April so it’ll be then where you’ll see if CIM has managed to realise its positive sentiment (and hence give a nice uplift to the SP) or if it was all just smoke and mirrors. + +What do you think? + +[View Poll](https://www.reddit.com/poll/mqoqvq) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +**Who are they:** + +American Rare Earths Limited (ARR) is an Australian exploration company targeting the discovery and development of strategic technology mineral resources in the USA and Australia. The Company announced in August 2019 its entry into the lucrative US rare earth market, through the acquisition of the La Paz Rare Earth Project in Arizona which contains an existing NI 43-101 Resource.  **This Acquisition secures ARR as the only listed ASX company with exposure to the US rare earths market.** + +In Australia, ARR has two strategic assets, its investment in cobalt blue & its Australian tenements in the Broken Hill Region. + +**Projects:** + +**La Paz Rare Earth Projects:** + +ARR formed a 100%-owned US-based subsidiary called La Paz Rare Earth LLC to acquire and develop the La Paz Rare Earth Project, located in La Paz County, Arizona, US in August 2019. + +La Paz covers over 890 hectares comprising 107 unpatented lode mining claims on federally controlled land and a prospecting permit over one section of Arizona State Trust land (259 hectares). The tenements are unencumbered and 100% controlled by La Paz Rare Earth LLC. + +In October 2019 ARR announced that its initial field activities including mapping, sampling and the review of historical datasets which identified mineralisation at a higher grade to the South East of the existing Resource. As such, the Company moved to double its US footprint with the application to acquire a further 660 hectares directly adjacent to the existing tenements to secure the full rare earth potential of the region. + + As of the 2nd of March + +* Samples collected in Q4 2020 at ARR’s wholly-owned La Paz rare earths project have a grade 47% higher than the av.previously reported JORC compliant resource estimate of Total Rare Earths Elements (TREE) +* Composited grade of new samples is552ppm TREE +* Phase 3 of La Paz metallurgy work now underway +* Drill campaign preparation well advanced +* Project initiatives support President Biden’s Executive Order for a review of their US’s Rare Earths supply chain +* The ARR project is aligned with US policy prioritizing defending US National Security with a US-Critical mineral resource supply. + +**Read the notice to the market for in depth charts of the claim and more info of previous points.** + +[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02348818-2A1284429?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02348818-2A1284429?access_token=83ff96335c2d45a094df02a206a39ff4) + + **Thackaringa Cobalt Project (Joint Venture)** + +The Thackaringa Cobalt Project is under a Farm In and Royalty Agreement with Cobalt Blue Holdings Ltd (COB). COB has ceased earn-in to the project at a 70% beneficial interest, leaving ARR with a 30% beneficial interest in the Cobalt Project and 100% legal rights to the exploration leases. In addition, ARR will receive a 2% net smelter royalty on all cobalt produced from the Thackaringa tenements for the life of mine. ARR retains the base and precious metal exploration rights over the Thackaringa tenements, where it is actively exploring for a diverse range of deposit types including Broken Hill (Pb-Zn-Ag) style mineralisation. + +Cobalt is a necessary metal for the production of the latest generation, high density Lithium-ion batteries. Due to its high run-time properties, the use of cobalt has risen dramatically as portable Li-ion battery usage accelerates and electric vehicles become a reality. Thackaringa has the potential to be a World Class source of cobalt largely independent of the supply/demand cycles of metals such as nickel and copper inherent in the global cobalt market. + +A major step forward in the project’s viability occurred in early 2018 with release of a new Mineral Resource estimate — the culmination of two successive resource drilling campaigns in 2017 for a total of 20,444.8m. The second program in late 2017 (74 holes for approximately 12,500m) delivered a 31% increase in total tonnes and a 23% increase in contained cobalt (now 61,500 tonnes) compared with the Mineral Resource estimated in June 2017 (Figure 3). 72% of the Mineral Resource is classified as Indicated, which reflects improved geological confidence. + +The total Thackaringa Mineral Resource estimate now comprises: + + **72Mt at 852ppm Cobalt (Co), 9.3% Sulphur (S) & 10% Iron (Fe) for 61.5Kt contained cobalt** +**(at a 500ppm cobalt cut-off)** + +&#x200B; + +[ Location of the Thackaringa Cobalt Projects ](https://preview.redd.it/4isngwk4szk61.jpg?width=1024&format=pjpg&auto=webp&s=117a7777e7c8beb1ee57a8582f9efcd1be56d809) + +&#x200B; + +[ Geology plans with drilling and representative cross sections from the Thackaringa cobalt deposits. ](https://preview.redd.it/rzan8c5cszk61.jpg?width=547&format=pjpg&auto=webp&s=70dddd2909096e9a87630338dde075e269624718) + +&#x200B; + +[ Sustained total Mineral Resource growth at the Thackaringa deposits — Pyrite Hill, Railway and Big Hill. ](https://preview.redd.it/t97pqrsiszk61.jpg?width=974&format=pjpg&auto=webp&s=359cd2773f4a44e793c7caca83822fa2c6eb825c) + + The outlook for activities during the March 2021 Quarter: + +* La Paz Drilling Program to commence Q12021 followed by announcement of drill results +* Metallurgical test work to be undertaken on La Paz drill core +* Lawrence Livermore National Laboratory: Abstract Paper•Sampling program to be undertaken in Wyoming USA +* Sampling program to be undertaken in Nevada USA•Increase in cash reserves from partial realisation of ARR’s investment in Cobalt Blue Holdings Limited (“COB”):8million shares sold in January 2021 for $2.4million. + +**Financials:** + +https://preview.redd.it/9hxn792zvzk61.png?width=825&format=png&auto=webp&s=39af0e807b1174b1f5e4b18a6532bc1ff13b2884 + +&#x200B; + +https://preview.redd.it/xt2oob53wzk61.png?width=806&format=png&auto=webp&s=8b5997a95261a3d8c847ad6b056fd07bf4ac0ba9 + +&#x200B; + +https://preview.redd.it/dfoux6ekwzk61.png?width=832&format=png&auto=webp&s=8659497c9b753cf6e36a5b2b04e98313fec517f5 + +&#x200B; + +https://preview.redd.it/rb7aib1vwzk61.png?width=752&format=png&auto=webp&s=0e6b17746e5de50153fb09e9d6ad6785b5311609 + +**AS ALWAYS DYOR.** + +But I'll definitely be keeping my eye on them, Late April / Early May for the results from drilling. + +If the red continues tomorrow i might grab some while its on sale at under .1 + +🚀🚀🚀 +Alright so we all know that when our fav meme stocks moon for no good reason the ASX query is coming. + +Has anyone seen any responses where the company acknowledged that they have absolutely no fucking idea why the price went up (because their stock is shit) but thanks asx_bets for their support/speculation? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Some of you might say I am retarded for charting pennies, but it gives me some technical backing to my entries/exits of pennies I intend to hold for mid/long term, and gives me peace of mind holding something that might tank below $0.001. + +So, hear me out on my TA for SWF. + +We all know in hindsight, ASX took a nose dive in March when COVID-19 begin their world-wide export operations. Many were stuck at home, gov stimulus hit the bank account, and next thing - the market boomed. That helped SWF SP gained traction and it is now about 6 fold of what it was in March, sitting at 59.5c on today's close, compared to 10c at closing on March 23rd when XAO closed at its lowest point this year of 4564.13. + +In short, SWF's uptrend started in March, and it had been going strong until early July, which seen a month-long pull back from the high of 67.5c on July 9th, to the low of 44c on August 14th, which crossed below the uptrend baseline (blue line - drawn using the low points between March and July) so briefly, then bounced back strongly to reach its ATH of 82c on September 2nd. + +Since the ATH, SWF again sustained a slow downtrend (orange line) and attempted to escape from it at end of September (the few days where prices stayed above the blue line before falling below it). Unfortunately, it has now again crossed below the adjusted uptrend baseline (purple line - starting from March, connecting the low point in August). + +Looking at today's buying depth, there seem to be many others have similar reading as I do on my chart, as there were a bulk of buyers queueing to buy between 58c and 59.5c, which I believe is to attempt to close the gap left open on August 24th. However, this notion did not seem to be favoured by the sellers, as the first bulk of selling volume - from just 6 sellers, which is 1/5 of the 32 highest bidders, were placed at 62c, hence SWF SP had been flat the whole day. + +In short, if this downtrend were to mirror the bounce of the previous downtrend, possibly on the back of the SWF's announcement regarding US trading launch, SWF SP should bring us to another ATH. + +If it mirrored the bounce from the first ATH of 67.5c to the latest ATH of 82c, the next ATH should be just 0.5c shy of $1. If it mirrored the bounce from lowest point in previous pull back at 44c to ATH of 82c, and the gap was to be closed at 58c before the bounce, we should see an ATH of $1.08. This paragraph is just a prediction of the future based on past events, which is just as accurate as anyone's guesses, hence the dumbfuck discussion flair. + +FA wise (copied directly from their presentation from yesterday), they have had + +* 313% year-on-year increase in revenue +* 235% increase in ACTIVE traders (have not included the ATH active traders count in Q1 FY21) +* 299% increase in total trades (have not included the ATH trade volume in Q1 FY21) +* $366mil - 307% YoY increase client cash held (but low cash rate means this might not make up significant income from bank interests) +* all while burning $147k less cash compared to previous FY +* as mentioned above, they aim to launch their US trading feature in first half of FY21, which is any time soon. If they managed to launch it before the US market turns volatile due to the election, there should be more growth in revenue for SWF. + +\*also left out some other details + +I suck at FA, so please add more to it if you feel like it. I probably suck at TA too, so let me know if my chart reading is shit - although I doubt I will stop looking at them sexy lines. + +https://preview.redd.it/t58x5b7iksu51.png?width=1295&format=png&auto=webp&s=a18f8408d3161a2aa495676dde680e9a498d588f +We're in the last stages of the greatest bubble known to humankind. Everyone is making money and every asset class is going bananas right now. +Leverage and get in there, no corrections in sight, all the bears are dead, don't be left holding cash. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I started Reddit journey on Ausfinance. Three weeks of my life I'll never get back!!! They brainwashed me into thinking VGS, VDHG and VAS were the BEST options. Crazy, right? + +However, imo they're not wrong in that ETFs are a good idea, they're just wrong in that they're looking at ones with less or way less than 15% growth!! + +Now I am tired of the saying "past returns are no indicators of future performance." because... Well, they ARE, assuming things go according to plan. It's just a cop out so when something doesn't go to plan they can be all like "we told you so." Esp when all the Ausfinance people use it as an excuse to not try anything risky... Yet their whole mantra seems to sway on the idea that VDHG is a PROVEN long term investment... Lol + +So, I'm investing in FANG. + +"It's not diversifying enough." +"If one company goes under, you'll loose a substantial part of your portfolio." +"It's too bullish on TESLA" +"They're overvalued stocks" +"Tech bubble will burst". + +Pretty sure that covers most of the general negative feedback. + +But my thoughts. + +1. FANG is interesting in that it has equal weighting in each of its 10 holdings and every quarter, it rebalances them back to 10. This is the same principle as "doubling down" when a good stock that you believe in is down and selling to realise the profits when it's up... Buy the dip!! So it's not too bullish on TESLA people just don't read and saw that it was over 14% on TESLA last quarter and assumed that was the weighting. + +2. If one company goes down, sure a possibility, maybe? I'd only lose 10% of my portfolio, assuming either I sold and jumped ship or the ETF kicked the holding out of the portfolio. I'd assume the INDEX would actually remove the company first tbh, based on the fact that the index is designed to give exposure to highly liquid companies from major US Stock Exchanges. If one of these 10 companies goes under, they obviously aren't a highly liquid company anymore... Or else they wouldn't have crashed or it'll be a slow burn and in that case I can jump ship if the ETF isn't performing to my satisfaction. + +3. The INDEX has on average over the last 6 years returned over 30%. Some years as high as 46.97% to as low as 11.39%, usually alternating. + +4. I think this is a good return for less risk than penny stocks but more risk and reward than VDHG. + +5. If the ETF isn't performing.. as stated above, I can sell and leave it. Like the Ausfinance people would rather get a measly 5% return for the next 20 years, than invest in something with high growth that MAY do poorly like what 1 year (their poor is still more than VDHG on a good year haha) and then re-evaluate every few months to a year to make the max out of their investments. + +6. I think for $13 right now on the ASX this ETF has a long way to go up based on how the NYSE FANG INDEX is tracking. + +7. I think these companies aren't going anywhere in the next decade. They are engrained in our lives and are constantly innovating, sourcing new growth opportunities and so I think that makes them a good investment. Maybe they'll get broken up into smaller companies but the parent company will like still be just as strong and provide good returns. + + +Does anyone here invest in ETFs too? + +I'm also keen on ESPO which is new but the INDEX looks really promising for 30% returns every year. + + + + + + + + TLDR; I'm treating FANG ETF like a vehicle to put my gainz from rockets in so I can guarantee more tendies in 5 years. Does anyone here invest in ETFs too? +Vanguard has launched a new range of actively managed funds focused on sustainability. + +The Vanguard SustainableLife range of funds and the Vanguard Global Sustainable Equity Fund are managed by Wellington Capital Management, which manages other active funds on behalf of the £6.4tn asset management giant. + +The SustainableLife range consists of three multi-asset sustainability funds, managed by Nataliya Kofman and Loren Moran. One of these is the recently-rebranded £235m Vanguard Global Balanced fund, which *Citywire New Model Adviser* revealed last month was becoming the Vanguard SustainableLife 60-70% equity fund. + +Other funds in the range include a new 40-50% equity fund and new 80-90% equity fund. The range is designed to offer an ‘all-in-one’ solution similar to Vanguard’s passive LifeStrategy range. + +The Vanguard Global Sustainable Equity Fund is managed by Yolanda Courtines and Mark Mandel. The funds all have an ongoing charge of 0.48 bps and target long-term growth. + +Source: [Vanguard launches active sustainable funds range - Citywire](https://citywire.co.uk/new-model-adviser/news/exclusive-vanguard-launches-active-sustainable-funds-range/a1592864?section=new-model-adviser&_ga=2.236513861.574626665.1638954424-603092149.1638954424) + +It'll be interesting to see how these fare, particularly as [Vanguard tend to be ranked near the bottom of fund managers for their approach to responsible investing.](https://citywire.co.uk/wealth-manager/news/wealth-firm-drops-vanguard-over-poor-esg-approach-says-shareaction/a1583315) +After graduating from college, we ended up staying in the college town for a while and decided it was time to buy a house. After having the house for a year, both my wife and I received job offers that we could not refuse, essentially doubling our income. We accepted the jobs in our hometown and are currently living with my parents until the house sells. It's been a year; the house will not sell. So, we listed it for rent, and got a contract the next day... + +I've never been in this position. How does this work as far as finances go? What precautions should I take? I don’t want to pay more in taxes just to rent out this house. Someone has told me to create an LLC for the income that we receive, is that a good idea?What can I claim on taxes to help me not have to pay back so much? + +I've searched on google and followed simple steps like getting the insurance adjusted accordingly to have tenants, gotten all the bills out of my name, things like that but I feel like I'm missing something and don't want a big surprise come tax time. Any help is truly appreciated. + +Don't leave it until the last minute. If you're planning on making additional contributions to your super fund by the end of the financial year, do it ASAP (being aware of the relevant contribution caps). + +They need to *receive* the funds before the end of the financial year. Every man and their dog will be making contributions, so give yourself at least five business days to be safe otherwise you risk the contribution being cleared after July 1. You can claim your tax deduction by filing a notice of intent *after the end of the FY*, as long as it's before you do your taxes. +Weird question... But I'm considering buying a neighbour's investment property that he currently has listed. The problem is he is a very unfriendly neighbour who I have a bad relationship with, and I expect he'd either reject my offers outright or at minimum jack the price if he knows it is me. + +If I go through a buyer's agent, when does he find out I'm the buyer? I don't give a shit about him finding out once contracts are signed, I just don't want trouble before it's finalised. +I took out six federal loans and one private loan while in school. My private loan had a 9% floating interest rate on $5,000 (Lol Sallie Mae). I tackled this loan first in the first 6 months of student debt pay off, using the entire paycheck I made from my on-campus job (I think I made $10.50 an hour). + +I found a full time job January 2015 during my last semester of school. I worked 40 hours a week while taking 18 credits, and received paychecks in accordance to the $50,000 before taxes. I also put 10% of gross pay towards a 401(k). My living expenses per month were <$800. I had a roommate, limited groceries to $150, paid for my phone and Internet and did not have a car (public transportation, which my company reimburses). I allocated $50 to other necessities (hygiene products, cleaning products, the occasional meal out, etc) however this money was rarely used. By this point in time I hadn't bought clothes in 3 years (other than a couple of shirts and 1 pair of pants for work [bought at H&M]). I also hadn't had a haircut in 3 years (I'm a woman, I can get mildly get away with this :) ), taken any trips that I paid for (there was a study abroad, but it was all paid for with scholarships), or done anything else that would increase expenditure. For some this might be miserable, for me, I knew paying off my debt in less than 2 years would make it worth it. + +A couple of unpredictable situations came up as they usually do. I moved to an apartment where I live alone and away from public transportation, so I had to get a car [2003 Sonata, $2.5k on Craigslist]. Even with these new expenses, I still kept my monthly expenses (both fixed and flexible) <$1,500. + +The occasional "treat" did sprinkle its way in (even I had to stay sane), but again, I always kept my eye on the prize of student loan pay off. + +I also took a weighted risk, I didn't save a ton of money for an emergency fund [which as someone on their own with no family support isn't a very intelligent thing to do] and I also did not invest other than my 401(k). The emergency fund, I just happened to get lucky. Nothing occurred that I couldn't pay for by either lowering a payment or pulling it out of my checking account. As for investing, a year lost on interest is something I can easily make up now that my student loans are paid off. + +What I did was risky, to not have that emergency fund, lucky, to have a well paying job, and at times miserable, to live so below my means that sometimes I doubted my methodology. When I made that final loan payment, I couldn't have been happier that with hard work and self-discipline my debt was finally gone. + +If this post is a little sporadic, my apologies.I always liked reading these posts when I was in school/freaking out about repayment. + +Edit-- The point was to live frugally while in school and in loan repayment. My future finances have allotments for the things I enjoy along with building a strong emergency fund (12 months living expenses) and investments. +You can go here https://cnbcllca.custhelp.com/app/ask and send an email to CNBC asking them to invite Andreas to be a speaker. Here is my email as an example (email 171211-000128): + +> Andreas Antonopoulos is a bitcoin expert and the most famous bitcoin public figure. He is a great speaker and I am sure your audience would love to hear him. He has written several books about bitcoin and has recently received a $2 million in donations from the bitcoin community for his efforts in spreading bitcoin. He is the true Bitcoin Jesus. Please invite him to the show: +> https://antonopoulos.com/interview/ +> +> I would have like to inform you that the bitcoin community despises and looks down on Roger Ver. He has been obsessed with stealing bitcoin's brand and manipulating the market with his project called bitcoin cash (or bcash). He may be money rich but that's all. He is an ex-convict and affiliates himself with other criminals like Calvin Ayre (see atached figure). His nickname is no longer bitcoin Jesus but bitcoin Judas. Please proceed with caution inviting this kind of person to your shows. +[Attachment](https://imgur.com/a/zN6Kp) + +Another email I sent (171211-000129): + +> Andreas Antonopoulos is a big public figure in the bitcoin community! Take a look at his youtube channel and he the great speaker that he is: https://www.youtube.com/user/aantonop/videos +> +> You can invite him here: +> https://antonopoulos.com/interview/ +> +> Here are some suggested questions: + +> 1 - What do you like about bitcoin? + +> 2 - What technologies are being developed to help bitcoin scale and lower the transaction fees? + +> 3 - What is the bitcoin lightning network? + +> 4 - What are smart contracts and will bitcoin be able to run them? + +Maybe it would be better not to send all at the same time, but it's worth doing it. If Charlie Lee and Roger Ver have gone to CNBC so can Andreas. + +**EDIT:** + +Link for bloomberg seems to be: https://www.bloomberg.com/feedback + +Email for Fox business: yourcomments@foxnews.com (taken from [here](http://press.foxbusiness.com/)) + +Email for Sky news business: news@sky.com (taken from [here](https://news.sky.com/info/contact-us)) +I've often heard recommendations of keeping x% of your savings in stocks. But with interest rates so low and a good 35 years ahead of me before retirement, why not keep 100% of my savings in a portfolio with a balance of conservative safe stocks and some growth stocks as well? It is unlikely that the market as a whole will go down and stay down for decades so why not go all in? Note: I have enough savings to cover any emergency or large purchase regardless of the status of the market. +Remember no matter how “good” a technician is, there is no way of knowing the direction of the market. There are ways to predict and guess based on statistics and odds, however geopolitical events and Tweets can blow up any chart. Remember when you invest not to let Mr. Market get the best of you! Fear and panic Have no role in investing, just buy high quality companies when it makes business sense. + +https://www.youtube.com/watch?v=IUu9PyvnBds +So my roommates eat out for pretty much every meal, I've been trying to convince them to start making their own food so they can save money and eat healthier but they always make excuses like they don't have the time or the skill. Well it finally hit me, when I am making myself food I could easily make theirs as well, I'd just need to make bigger portions. But this wouldn't be fair to me if I made their food for them with nothing beneficial in return. So I was able to get them to agree to pay for all the groceries and in return I'd make meals for all of us. We are 2 months into it and so far its working great. Less food is being wasted now and we can buy in bulk now. They get to eat healthier food for less money and I get all the food I would have had to pay and prepare for in the first place for free now. Win Win! + +This likely won't work for most of you but figured I share for those who may be in a similar situation where something like this might work. +>https://www.governor.pa.gov/newsroom/governor-wolf-bipartisan-governors-urge-congress-to-pass-chips-act-to-create-american-jobs-boost-semiconductor-production/ + +So far the shortage has cost 2.2 Million vehicles. That could just be a tiny fraction if Taiwan has more serious future issues such as natural disasters or China invasion, which could cost businesses TRILLIONS in damages to companies such as: Ford (F) , General Motors (GM) , and Toyota (TM), Dell Technologies (DELL), Apple (AAPL), Google (GOOGL), AMD, NVDA, and many more. + + +>The group, which also includes the governors of auto-producing states like Alabama, said the shortage had cost automakers 2.2 million vehicles and affected 575,000 jobs in the industry. + +>The semiconductor funding passed the U.S. Senate earlier this year by 68-32 as part of the broader U.S. Innovation and Competition Act, or USICA. But it has not passed the House of Representatives. + + + +https://www.reuters.com/world/us/nine-governors-press-us-lawmakers-pass-semiconductor-funding-bill-2021-11-10/ + +Edit: this news has been censored and removed from: r/finance r/Economics r/StockMarket . Youve got to hope it isnt because their mods support Taiwan at the expense of the stability of the USA. +My wife and I have recently come into a good financial position with the possibility of paying off our house in the next year to year and a half. + +Should we do this? I’ve read online that the amount of money I put in could be better allocated in some sort of investment that would pay off more than the money saved from the house payments? +Like… Fuck off. + +Imagine getting your billions of dollars saved, something which had it not happened, you’d be outside homeless just like everyone else who lost their pensions, savings, whatever you may have bet. Instead of making sure it could never happen again and you can safely make money, you continue the very dumbass shit forward, but simply increasing your bets every time. + +Hedge fucks, fuck you. You had your chance to better yourself and the world; both of which did not do. You got a pass on your first time making the mistake, but a second time? I don’t think so; I also don’t give a fuck about you. I’m here for your money so I can show you how to properly make use of it. + +“They knew the taxpayers would bail them out. They knew. They weren’t stupid; they just didn’t care.” + +Mark Baum is such a fucking legend. The realest, most OG of all OG apes ever in the world; without the philanthropy I guess but I don’t know much about him aside from The Big Short, but if you truly watch him, you’ll see the guy was absolutely mad that the govt. and the banks would allow such a ridiculous amount of irresponsibility. + +Edit: You know what’s absolutely fuckin crazy? When these guys run out of things to bet on, they literally create *a bet on the bet*!? Just watched The Big Short again yesterday, and they’re filling AAA rated bonds with dogshit, the bonds nobody buys gets packaged into CDOs and sold, then the CDOs have CDOs! Like what the fuck lol? And billions move in the market on the highest CDO catshit wrapped in dogshit + +~ Buy, Hodl, DRS, Shop ~ + + +Article is [here](https://finance.yahoo.com/news/chipmaker-amd-just-scored-a-big-deal-with-meta-160059677.html) + +>The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. AMD explained the two companies worked together to develop a high-performance, power-efficient processor based on the company's 3rd Generation EPYC processor. + +>The high-profile win accompanied several announcements from AMD, including some specifics around upcoming EPYC processors codenamed “Genoa” and “Bergamo.” AMD dubbed the Genoa processor as the "world’s highest performance processor for general purpose computing." +TL;DR - Figuring out their common stock reallocation is complicated aka WHO WILL CONTROL THE DTCC? + +The technical stuff about the common stock reallocation is the bulk of it. At the end, I give my tin foil hat theory. + +\-------- + +**INTRO** + +This comes from 4 notices found [here.](https://www.dtcc.com/legal/important-notices?pgs=2) + +&#x200B; + +https://preview.redd.it/x66uebhrfzr61.png?width=940&format=png&auto=webp&s=83574a91301f9bede536b66baffea6e23b8df774 + +Even though these notices are addressed to the separate arms of the DTCC (DTC, FICC-GOV, FICC-MBS, NSCC), they all contain the same information. To boil it down, these notices pertain to the COMMON STOCK REALLOCATION that we're in the midst of. + +\-------- + +**WHO CAN BUY SHARES OF THE DTCC?** + +I didn't know this until I read these notices, but the DTCC has Common Stock. Unlike the companies listed that we can invest in, the shares of the DTCC can only be bought and sold by MANDATORY PURCHASER PARTICIPANTS (MPP) and VOLUNTEER PURCHASER PARTICIPANTS (VPP). + +MPP: Participants/Members of the DTCC. They are MANDATORY PURCHASERS because they are REQUIRED to own COMMON SHARES. + +VPP: Entities that use most of the DTCC services. They are VOLUNTARY PURCHASERS because they are not required to purchase DTCC COMMON SHARES. + +&#x200B; + +https://preview.redd.it/7t7nu77sfzr61.png?width=677&format=png&auto=webp&s=8d831e39f411683f363b5b867280845ba19d36c5 + +If it wasn't clear, Citadel is a member of the DTCC. Not only that, they use all 4 of the DTCC's services. I believe that they are one of the biggest users of the DTCC's services, which will become important later on. + +\-------- + +**WHAT CAN YOU DO IF YOU OWN SHARES OF THE DTCC?** + +The main benefit of owning shares of the DTCC is to determine the DTCC Board of Directors... which pretty much determines what the DTCC will do. + +&#x200B; + +https://preview.redd.it/y58cihvsfzr61.png?width=1036&format=png&auto=webp&s=13ee55245080c1c46da7c129bc2482fc20d33233 + +\-------- + +Currently, there are 265 participants that own Common Shares. There is an expectation, however, that the number of MPPs will increase to approximately 295. As for how many shares there currently are? + +50,907.78311. + +The 2021 price per share? $37,243.93 + +In 2018, according to [this google search](https://www.google.com/search?q=2018+common+stock+reallocation+dtcc&oq=2018+common+stock+reallocation+dtcc), there were 270 participants with the expectation that the MPPs would increase to 290. The number of shares were the same (50,907.78311). The price per share, however, was vastly different. $24,367.45. + +That is a $13,876.48 increase. + +\-------- + +**WHAT IS THE COMMON STOCK REALLOCATION?** + +Every 3 years the DTCC takes a look at the MPPs' & VPPs' usage of the DTCC services. They then determine the proportion of shares that each MPP MUST OWN. If the MPP owns more shares than they are allotted, they must sell. If they own less, they must buy. + +&#x200B; + +https://preview.redd.it/74d2l4itfzr61.png?width=691&format=png&auto=webp&s=32d9479d8e3b8ebde924ad8b8b395d5f3f8c720f + +The VPPs don't have to purchase any shares. Whatever shares they don't purchase, however, MUST BE PURCHASED BY THE MPPs on a pro-rata basis. Basically, it's a calculation of proportions. + +&#x200B; + +https://preview.redd.it/4zrjz0jufzr61.png?width=667&format=png&auto=webp&s=d0d026cd04b2256180986272cfd46f71a526737c + +\-------- + +**WHEN DOES ALL OF THIS HAPPEN?** + +As I mentioned before, this happens every 3 years. The last time there was a COMMON STOCK REALLOCATION, it was around this time. End of March 2018 to April with a settlement date of May 1st. + +This year, the COMMON STOCK REALLOCATION process begins the first week of April with a settlement date of May 4th. + +&#x200B; + +https://preview.redd.it/ymob09hvfzr61.png?width=688&format=png&auto=webp&s=eee0481c7ca49b942d63338e1ae051867e8f756c + +In terms of the actual process, it goes like this: + +1st Week of April - VPPs are contacted + +3rd Week of April - VPPs purchases accounted for & MPPs contacted (given proportions to BUY/SELL) + +May 4TH - All purchases & sales settled + +This will determine who will vote for the new DTCC Board. + +\-------- + +**TIN FOIL HAT TIME!!!** + +Ok, so this is where I delve into conjecture. According to [this PDF](https://www.dtcc.com/-/media/Files/pdf/2021/2/11/14677-21.pdf), the annual shareholder meeting will take place on June 2, 2021. It's here that election will take place. + +&#x200B; + +https://preview.redd.it/qvaxgxawfzr61.png?width=684&format=png&auto=webp&s=d48db8f88ac22cd62db77a0a7bda2bb7a8c9d52b + +How will voting actually take place? The answer is found in the BOARD NOMINATIONS AND ELECTIONS PROCESS found on [this page.](https://www.dtcc.com/about/leadership) When you open up the PDF, you'll find this: + +&#x200B; + +https://preview.redd.it/wrl3i75xfzr61.png?width=686&format=png&auto=webp&s=a10080b95a243aeda60122934810ab90e1c203e5 + +While the document says that the cumulative basis voting system is beneficial for those shareholders who hold a small amount of shares, it sort of breaks down when there is an imbalance of shares & many Board seats up for grabs. + +&#x200B; + +https://preview.redd.it/p0tg733yfzr61.png?width=720&format=png&auto=webp&s=5a1a81e253a9e4aa07a9fecc3986d72e6fb4ed80 + +&#x200B; + +https://preview.redd.it/fwlhn8xyfzr61.png?width=689&format=png&auto=webp&s=f004e0c4e3e33212e6c38e51e477a4692cbd5371 + +Given that there's 18 seats up for grab and 50,907.78311 shares, that's a total of 916,340.09598 (916,340 rounding) total votes. A part of me is wondering how many of those votes are own by Citadel and those who are working with Citadel? + +Also, the MPPs have already given the DTCC Board suggestions for new Board members. + +&#x200B; + +And this is where my tin foil hat is coming in. + +NOT FINANCIAL ADVICE, JUST MY RAMBLINGS + +\-------- + +With all of the new DTCC & OCC regulations coming up, it's clear that there is a very real and present danger that many MPPs can/will become default. If/when they do, they can lost their status as DTCC Members. This means that their shares will have to go to those other MPPs that are still in the game. + +THIS IS EXTREMELY IMPORTANT BECAUSE THIS WILL DETERMINE WHO HAS THE LOUDEST VOICE ON THE DTCC BOARD... basically, who controls it all!!! + +And wouldn't you know it... it's the 3rd week of April that the MPPs will be notified of their proportion of the allocation. + +&#x200B; + +https://preview.redd.it/322560tzfzr61.png?width=687&format=png&auto=webp&s=ae973392c862c1974c819892f5bd54c8cf540db9 + +This is why I believe the DTCC hasn't acted. They enacted DTC-2021-003 to look at how F-ed the Shorties are. Then came all of the Recovery & Wind-down regulations. Now the stuff with the OCC is approved. + +The DTCC is moving all the pieces in preparation for their BOARD ELECTION based on a new landscape with certain MPPS no longer in position to influence the election results. + +And wouldn't you know it? What date ends the 3rd week of April? + +&#x200B; + +https://preview.redd.it/1c5ja7r0gzr61.png?width=245&format=png&auto=webp&s=32bb4fe479770d2f5380937bc7e1681e83481f57 + +Maybe that's why the 3rd week of April is important? It's week that will determine the MPPs' voting power for the new Board of the DTCC. +I'm 23, married no kids, making $35-40,000 depending on overtime. My income is our only source right now but my wife plans to get a part time job once she receives her work permit and can begin school. Living in a relatively low COL area in the southeast. We're both in good health. Rent with a room mate. + +My mother is 54, an RN making around $62,000 a year. Not sure where she is on debts and savings but for sure better now than she was a couple years ago. Also in good health overall. Rents a house for herself. + +We started throwing the idea of going in with my mom and purchasing a duplex together, with her living on one side and us living on the other. My thinking is that this benefits everyone because with our combined household incomes we would hope to have the house paid off by the time my mother retires at 67, giving her a secure and paid off living space to retire in, and setting me and my wife up to own it as a paid off rental property after my mom passes away. We have a very good relationship with my mom and want to make sure she is taken care of in retirement, because she hasn't done much of anything to plan for it so either way its going to fall on me as her only child as it is. + +Am I missing something here? In my head this seems too perfect an idea and I feel like theres a critical issue thats not popping up. I appreciate any help I can get! +The past 18 months have been pretty rough, so I've not been paying as much attention to these sorts of things as I should. Started a new job 2 yrs ago. I rarely get my payslips, despite the fact that I request them. My group certificate from the last financial year says I earned around $38K - I'm absolutely certain that this is far more than I actually earned. I was trying to find an email at work today and came across some payslips for my two bosses & myself for June 1- 14 last year. I was paid around $800 for the fortnight, and my YTD pay was around $38K. My bosses were paid $1500 for the fortnight, and their YTD pay was around $24 K. They usually earn a lot more than this, but the pandemic hit the business hard. My hours change week to week, so I've no easy way to calculate what I should have earned. However, 800 for a fortnight is a pretty accurate average for the slower times, sometimes less. When it's busier it can range from $1000-1500 a fortnight - but that happened maybe 3 times in the last financial year. I plan on requesting any missing payslips tmw. + +&#x200B; + +My question to you r/AusFinance is have you ever heard of something like this? How would they benefit by attributing more earnings to me than I've actually been paid? + +It's possible that it's an error, but I was their only employee last year. +This is my 3rd Fortune 500 company and it just seems to be getting worse over time. Politics, severe amnesia, discussing the same topics for years and years and years...recycling the same f$cking slides over and over and no one does shit. If anything involves anything more complex than 2+2 everyone spends 5 hours of back and forth to prevent 20 minutes of work. Some days it’s too much. + +Every week on Tuesdays I go into the conference room for the management meeting to get passed around the table and gang-banged by all the divisions. Today finance started with “why don’t you fix this for me, you should do it even though it’s not your job- ohh, it’s not in your scope- you’re not being very cross functional team like”. + +Next the sales people want me to do all their sales analysis and send to upper management for them to take the spotlight off them (I work in supply chain) so I can go back and forth 200 emails for the next 4 days over some bullshit that doesn’t even relate to my role whatsoever. Never mind the shit I need to do to keep everything running. Sales just wants to relax for the week and make the issues seem like it’s not their fault. “ We were out of $4k worth of a product for one week, now I’m going to miss my forecast by $1M - thanks supplychain guy”. + +I’m a few years away from being FI. I keep telling myself there’s an end date that’s really not that far off and need to make it through, but it tough man! Similar jobs would be much and the same, so I don’t spend a lot of looking for a new gig. + + +What?! In only NINE FREAKING DAYS! + +The data for the 2020 survey is now available. There are two tabs - one is essentially the raw data, and the other is data I did some minimal cleaning up on. An explanation of the cleanup is in the third tab. + +Here you go: [https://docs.google.com/spreadsheets/d/1H4RMvxioEkhOhSpOsL5SeHFSrjkN68L4HxHQRv8V52M/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1H4RMvxioEkhOhSpOsL5SeHFSrjkN68L4HxHQRv8V52M/edit?usp=sharing) + +And if you want some history, here are the prior results. It's interesting for me to see how the questions have evolved over the years, I had a fun little trip down memory lane looking at these. + +2018: [https://drive.google.com/file/d/1n2IpbpA\_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing](https://drive.google.com/file/d/1n2IpbpA_vGKSflRNuiRo-slvJdpptLfM/view?usp=sharing) + +2017: [https://docs.google.com/spreadsheets/d/11rwMAOLCOH2kJMVKeywoBWFGRY5RzORNzKR\_BhoXbiw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/11rwMAOLCOH2kJMVKeywoBWFGRY5RzORNzKR_BhoXbiw/edit?usp=sharing) + +*Note: This is the first time a spreadsheet of the 2017 results has been released, originally it was displayed via a website that is now defunct. The 2018 and 2017 results are partial - all respondents were able to opt in or out of being in the spreadsheet, so only those who opted in are included. In 2020 respondents who did not want to be in the spreadsheet were not allowed to complete the survey. The 2017 format is a little different because the survey was done in SurveyMonkey, as opposed to Google Forms for 2018 & 2020. 2017 also suffered from lack of clarity in the time period responses should cover, which was corrected in later versions.* + +**EDIT / UPDATES** + +Reporters/Writers: Email [redditfisurvey@gmail.com](mailto:redditfisurvey@gmail.com) or send this account a private message (not a chat) with any inquiries. + +I'll add visualizations to this top post as I see them so they don't get lost in the comments. + +Here's a visualization from /u/fgoussou + +[https://app.powerbi.com/view?r=eyJrIjoiNTdlNDM0ZWItYWNlZi00MjM0LTg4YjYtZTMyYjY1YmU3MTBhIiwidCI6ImU5MDljNzZiLWE4YjgtNDg4OS1hOGNkLTUwMTFkMTE0NDRlNCIsImMiOjl9](https://app.powerbi.com/view?r=eyJrIjoiNTdlNDM0ZWItYWNlZi00MjM0LTg4YjYtZTMyYjY1YmU3MTBhIiwidCI6ImU5MDljNzZiLWE4YjgtNDg4OS1hOGNkLTUwMTFkMTE0NDRlNCIsImMiOjl9) + +Visualization from /u/waaayne + +[https://www.reddit.com/r/financialindependence/comments/m4ptzu/2020\_fi\_survey\_results\_power\_bi\_app\_detailed/](https://www.reddit.com/r/financialindependence/comments/m4ptzu/2020_fi_survey_results_power_bi_app_detailed/) +It looks like the DPO should be happening today but not officially listed yet, or at least no public trading. Anyone who may have an idea of when this will occur and at what opening price please share, not a lot of information out there on the Internet. +One of my dreams for post-retirement life is to start my own non-profit. Can I use funds from a DAF to do this? + +The organization would perform legitimate charitable work, nothing shady like giving "scholarships" to relatives or anything like that. However, I would plan to devote quite a bit of time to it and might want to draw a (reasonable, market rate) salary for my efforts. Is this allowed? Any legal pitfalls to watch out for? +HI Guys, + +Like the title states would anyone care to state their experience with making a significant gift/charitable donation to a medical school/institution/hospital. I'm specifically looking to make a gift to my local mid-sized medical school which is affiliated with the university hospital. + +&#x200B; + + The gift would be in the honor of a parent. I know that many medical institutions list their respective naming opportunities for Hospitals but does anybody have experience with creating a scholarship specifically for medical school? I've also looked into donating to residency programs , is this even possible since residents get paid already? + +&#x200B; + +Thanks in Advance! +I have fortunately accumulated a nice 7 figure retirement mostly through stock appreciation. However, 80% of the funds are outside of a retirement account. I'm 56 and will be retiring in 2022. I will be moving from ca to tx as well. The move in part is to avoid the onerous cap gains ca taxes. Cap gains are taxed as ordinary income. I can avoid this in tx. +I'm at schwab right now and considering leveraging a portion of of my stock on margin to purchase a house in the mid 500k range. I've thought about moving over to interactive broker for the lower margin rates. Has anyone done this, and if so, how did it work out? I'll have about a 5 to 1 equity vs margin so I feel fairly confident if there is a down turn, if margin rates go up I feel it's far better than paying federal cap gains on 500k. Also, any helpful opinions would be appreciated. +I have a Ph.D.; some people might call me a data scientist; and I work in a field where we occasionally consider using convolutional neural networks. + +Machine learning has been around a long time, and there have only been the typical, incremental improvements. The only thing that's really changed in the past 10 years is that the hardware has gotten faster, allowing people to tackle slightly more complex problems. + +What makes this such area so ripe for investment all of the sudden? + +**edit:** Engineers, I don't need you to tell me why machine learning is useful or why I'm wrong about incremental change. I want to know what the investors think. That's why I asked the question here. +After the somewhat successful / engaging discussion that came out from a recent post in this sub regarding people’s measure of success, I thought I’ll ‘continue’ that post by asking you guys what are your ultimate goals when it comes to algo trading? + +Yes, the obvious answer is to create a successful algo (whichever way you define successful), but I’m talking about the NEXT steps. Let’s say you create the ultimate algo(s) that you are confident in and have a solid track record to prove their viability, what do you do? Do you just trade your own capital and start the process of compounding your personal capital? Or do you choose the dark side (/s) and decide to take it institutional; raise money to start your own fund (investment, hedge, etc.,)? + +And let me extend this question to people that already HAVE created an algo(s) they are confident in and have the live track record to prove it. What did you do? Or are your future plans? + +Naively, I definitely would like to take this to the institutional side to raise as much capital as I can in order to try and and get seat in the ‘big boi’s’ table. + +Again, let’s not take this too seriously and just have a fun discussion amongst us dreamers, or learn more about the process from veterans that have actually made it! +Occasionally, I sell short a rather obscure class of stocks that might either not be available for shorting, or the amount that can be shorted is limited. It all depends on the ability of the broker to locate the stocks to borrow. + +I am curious about the following scenario. + +Let's say I want to short a stock ABC. The broker has reserves of stock ABC, which is basically the amount of ABC stock that all other clients hold on their accounts. Let's say it is 1000 units, and based on this number, the broker decides it can allocate 100 units for short sale. + +What happens if I short 100 units, and then a massive sellout of ABC follows. The reserves that the broker has decrease rapidly, e.g from 1000 to 500, 300, 200, etc. + +Can the broker force me out by closing my position? Or will it assume the risk of essentially being on the other side of the trade? + +Thanks +Correct me if I am wrong. But it seems to me that it may be easier to build an algorithm to predict Etfs than stocks. + +My rational is that since they are a combination of stocks, they will find the average behaviour of stocks, which may be more predictable. + +Single stocks can be noisier, I would say. Noisier in the sense of behaving more unexpectedly. Maybe the factory of a company exploded, causing that stock to fall sharply. That would be very unpredictable, and impossible for an algorithm predict. +But if we looked at the ETF, since the other companies didnt explode, the ETF wont have this noisy unpredictability. + +So, yea. I will try to test whether I can find better algorithms to predict Etfs. And maybe from the Etfs also use that data to help predict stocks. For example, use a tech ETF data to help with the predictions of Microsoft. + +Makes sense? +Can anyone link me an Algotrading guide that goes in depth about all the terminology and how to get started? I want to start algotrading but don't know how, what to use what to invest in, etc. Just basics, thanks. +Watching Cramer shit his pants with his jaw on the floor talking about us “Reddit traders” controlling not just the speculative market, but the market in general, really made me realize how much r/wallstreetbets is going to go down in financial history. We’re controlling the market during: + + -The fastest bear market EVER + -The fastest recovery EVER + -During a worldwide pandemic + -What must be the biggest increase in day trading EVER +-We make what used to be considered a boring topic FINANCE into memes that take the internet and popular culture BY STORM (stonks) +-We have helped popularize investing for an entire GENERATION +-We have still managed to use the word RETARD during the most PC TIME IN HISTORY with no fucks given +-We have undoubtedly created multiple multimillionaires (and even more debt) +-We have changed the way brokers run their platforms +-CNBC and Bloomberg have said we influence the big boys, and you don’t think the big boys are in here too? Of course they are + +What does the future hold for not just this subreddit, but for this generation of degenerate gamblers? + +-Will WSB redistribute wealth to a nation of retards? -Will the cure for autism come from studying this sub? -Will stonks always go up? +-Will we make Elon Musk into a trillionaire and help him move life to Mars? +-What you guys got and where do you see WSB in financial history? + +Disclaimer: (I may or may not be high right now and not positive if what I said makes sense) +I also dedicate my username to 95% of the sub + +Positions: + +All SPY calls because stonks only go up. Also PSTH March $20 calls and TSLA $694.20 calls +Title. It's been a big year and we're trying to be strategic. We are comfortable on just my income and have no debt to pay off now, so we are either going to save his income for big purchases, put it in retirement to the $19k (or whatever) limit, or invest. + +* We'll file married filing separately in a community property state. +* His new employer's 401k matching is a joke, so we're disregarding it completely. ($250/yr matching and you're not vested until 6 years, lol.) +* He has nothing saved for retirement now. +* We might benefit a little from having a lower AGI this year. +* We'd like to start a family within a couple years and buy a house within a few more. + +Would it make any sense for him to max out retirement this year and next, or would he be better off just putting in 15% and not worrying about the age he started? Thanks! + +**Edit:** *Wow, I went for a walk and this blew up. I'll be getting to responses! A lot of people have asked why MFS instead of MFJ. I have $90k in student debt that is on track for complete tax-free forgiveness in about 6 years, regardless of how much I pay into it. The payments are based on my income. If we file MFJ, the payments are based on the sum of our incomes, but if we file MFS, it's based on 50% of our combined incomes. It should make a difference of about $5-6k per year. I've done the calculators a little bit and it seems like we still come out ahead for now with MFS, although I'm not as knowledgeable about how that affects contribution limits, etc.* +I'm proposing the use of [MIT's Living Wage](https://livingwage.mit.edu/) to compare across people and their spending in the FI community. + +Too many people in this sub use % of Income, yet that isn't useful when for some people with very high salaries decreasing their spending means cutting back on only the most superfluous luxuries (fancy cars, boats, McMansions, etc.) while for others with more modest salaries it means cutting back on more typical luxuries such as eating out, vacations, spacious housing, etc. + +I think the living wage calculation is particularly good as it breaks down basic spending across all of the most significant spending categories, as well as taking into consideration the cost of living in any particular metro area/county, the number of dependents, and the number of income earning adults in the household. + +The fundamental idea behind living wage is that it is the amount of money necessary for someone to live a minimally comfortable life. Now I'm not saying that everyone should be aiming to be at or below this number, the documentation of the calculator even states that the values it provides are simply a "step-up" from poverty, but I think that these values would provide a good relative target, for example within 150%, to help people aim towards with their spending. + **Disclaimer:** I am not attempting to give investing advice. While I do hold my own personal positions with a few of these companies, I am a relatively new trader and my positions amount to very little. My intention with this post is to spur discussion, while providing the insights I am basing my personal decisions on. + +# LK + +This is the most obvious stock committing fraud is Luckin Coffee the “Starbucks of China”. Luckin Coffee admitted to such, details can be [found here](https://www.forbes.com/sites/jenniferwang/2020/04/30/chinas-luckin-coffee-founder-is-1-billion-poorer-after-company-announces-fraud-investigation/#2523c5aa5bfe). + +Since January 2020 the stock has dropped from a $50 high to less than $2.00 per share where it currently sits.[Link to additional DD](https://drive.google.com/file/d/1LKOYMpXVo1ssbWQx8j4G3-strg6mpQ7F/view) + +# GSX + +Muddy Waters Research highlighted many of the questionable accounting practices at LK and is now going after Chinese online educator GSX Techedu Inc. (GSX). The company is described as being, “a near total fraud”. + +Muddy Waters states that 70% of users are fake and they believe the number of fake users could be as high as 80%. Source for this information and more information regarding their official position can be [found here](https://www.muddywatersresearch.com/research/gsx/mw-is-short-gsx/). + +[Link to Forbes article](https://www.forbes.com/sites/kenrapoza/2020/05/18/after-luckin-coffee-muddy-waters-goes-after-another-chinese-firm/#6caa7dc6a9b3) providing more information regarding this situation. + +# IQ + +The “Netflix of China” has recently been found to be inflating user numbers and inflating advertising revenue while still posting hundreds of millions of losses (USD) in their 10th year of operation. + +* 60.3% of users are fraudulent, believed to be much higher with relatively low users rates in key areas of China and abnormally high users coming from remote countries (suspected bots). + +Sources: + +* Everything you need to know can be found in this [previous post on WallStreetBets](https://www.reddit.com/r/wallstreetbets/comments/gm37gk/short_the_literal_fuck_out_of_iq/). +* [Link to Wolfpack's official report](https://wolfpackresearch.com/iq-netflix-of-china-good-luckin/) +* Also Muddy Waters Research backed Wolfpack's position with [this tweet](https://twitter.com/muddywatersre/status/1247534498939465731). + +# BIDU + +BIDU is China’s version of Google. 30% of BIDU’s revenue comes from IQ and by proxy they have made this list. [Forbes source for the revenue figure](https://www.forbes.com/sites/greatspeculations/2020/01/29/what-are-baidus-key-sources-of-revenues/#10fc3de34642). + +&#x200B; + +**Other Notable Activity:** + +# NIO + +I am not aware of any fradulent activity with NIO. I just found it interesting that Goldman Sachs increased their holding of NIO Puts by 250% from quarter 4 2019 to quarter 1 2020. They now hold 2.2 million NIO puts. Sources for Goldman Sachs Group, Inc. holdings: + +[Source 1](https://fintel.io/i13f/goldman-sachs-group/2020-03-31-0) + +[Direct SEC fillings source](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000886982&type=13f&dateb=&owner=include&count=40) +Let's take a look at the state of the market today: + +AMZN -7%, + +TSLA -6.2%, + +GOOGL -5.4%, + +AAPL -4%, + +MSFT -4.6%, + +NFLX -6.2%, + +FB -6%, + +NVDA -7%, + +AMD -6%, + +QCOM -6% + +.... + +Technology stocks fell across the board, VIXY rose 9%, and even financial and banking stocks generally fell better than 2%. Is the market really going to crash? + +Powell said on Wednesday that the current inflation rate is still severe and will continue to raise interest rates by 50 basis points to control severe inflation. + +Continued interest rate hikes will consume market funds and have an impact on the capital market. In addition, inflation and economic uncertainty have exposed capital markets to the possibility of more uncertainty shocks. Institutional investors first smelled the market's bearishness and fled the market as it rebounded. + +&#x200B; + +Regardless of whether the market crashes or not, I hope everyone can stay safe, keep cash, and you will have more opportunities in the future. + +Franklin once said: Choice is always more important than effort. I hope you all make wise choices. + +&#x200B; + +Are your stocks okay? + +How are you doing now? +Hello Apes! I'm a guy who worked on Satori a bunch. + +Disclaimer: This is going to be my thesis on the primary reason why I am bullish on GME as a company in both the short and long term. Do your own research, check my logic, and remember that this is not financial advice. + +With that in mind, HOLY SHIT HOW HAVE I FORGOTTEN THAT THE HOLIDAYS ARE THE ABSOLUTE BEST TIME FOR BOTH RETAIL AND VIDEO GAME EARNINGS! + +# TO THE STEGASAURUS OF REVENUE! + +GameStop specifically has ALWAYS had a significant presence in the Holiday markets. Let's take a look at just how significant the Holiday season has been to the company over the last 20 years or so. + +To begin, I'm using a free subscription to an investment site to access this data. The numbers should be easy enough to find to verify, but I don't want anyone to feel like they have to grab an account anywhere. + +That in mind, LOOK AT THIS SHIT + +[ANYONE WANT TO GUESS WHICH AREAS COINCIDE WITH Q4?](https://preview.redd.it/guytxcys5zk71.png?width=1235&format=png&auto=webp&s=cec62c132ebf79ff4b764e10339b7939a82e08ea) + +Honestly, that chart can give you all the information you'd need, but lets dive into the specific numbers here really quick. + +Q4 and the holidays have been the highest dollar revenue quarter for GameStop every single year since 2001. In fact, since January '06 (which happened to be the launch year of the XBox360 and PS3), 14 of the 15 Q4 revenues have been higher than every other quarter the company has had. + +As important there, is the fact that approximately 40% of annual revenue is generated in Q4. (thanks u/sharkbaitlol) This is ESPECIALLY true in years post console launches. The largest jumps in revenue in the past 20 years have come the year after console launches, when production and industry support have caught up enough to supply. It happened in 2006, again in 2014, and we're right on pace to have that hit again this year. HARD. + +The Q4 surge is a well observed phenomenon within the retail industry. All of GameStops direct competitors show the same pattern. I'd include charting for all of them, but honestly it's enough of a given that if you want it, you can go find it yourself. Amazon, Best Buy, Walmart, Microcenter, NewEgg. The gaming companies themselves also show it. Nintendo, Sony, Microsoft, Sega, Blizzard/Activision, EA, Valve. They all have spikes around product launches, etc, but the reliable money maker for them every year is Q4. + +I hope I'm driving home a point of how absolutely fucking charged and vital Q4 is to this specific company. The holiday gift giving market is only getting bigger, and video games are continuing to dominate the wish lists of EVERYONE. + +It is, therefore, absolutely logical to expect that this company is going to continue in that vein, especially considering the fact that consoles and graphics cards remain as rare as they are. Demand is so high. + +So why do I bring this up? + +# The Long Con + +Ryan Cohen got on the GameStop train last year at this time. Within months he'd written a letter outlining his lack of belief in the current company model and expressing a desire to see significant changes in order to save the company. + +Within 8 months he's chairman of the board of GameStop, and is assembling an absolutely insane team of talent around him in order to rebuild the company. + +What do you imagine those first few meetings were like? You're 4 months into the year, with a dearth of new game releases due to the pandemic, a shortage on consoles, a maybe even worse shortage on PC parts, with nothing coming on the horizon to send any sort of significant waves through the industry. Highlights? Yes. Paradigm shifting events? No. + +You've got to overhaul your business structure, expand your online presence, increase your distribution facilities, develop some serious proprietary tech (allegedly), and potentially rebrand the company, all while trying to also juggle managing things as they are. That's a LOT of work to get done, and it's not going to happen immediately. + +So where do you set your goal for your breakout performance? You lean into your strengths. Time to make this the greatest holiday season to remember. + +Everything lines up. Your distribution is in place. You've given yourself the time to build the company up and do it right. You're increased online presence is cemented and secure. + +Enter the Apes. + +As Chairman of GameStop, you KNOW you've got a loyal following. You've been pulling memes off Superstonk and tweeting them. You've been dropping hints and motivation for months. + +&#x200B; + +[JUST REALIZED THIS HOLY SHIT HOW DID I NOT SEE IT BEFORE HE'S LITERALLY THE CHRISTMAS POO](https://preview.redd.it/iyxq6g4x5zk71.png?width=755&format=png&auto=webp&s=867d8c385426e566a9da1f6f2a51abffd847a84f) + +The big issue at this point? If your incredibly loyal primate customer base has any wrinkles at all, they are going to keep their money invested in your stock this coming season. Some will be able to afford to still gift give, but many (myself included) are going to double down on purchasing shares for the delayed gratification of being able to give anyone I want whatever I want. + +So what do you, Mr. Chairman Cohen, do? + +You line the pockets of your customers with the sum total of the entirety of the US Stock Market. And you do it before the holiday gift buying season gets anywhere close to full swing. Get them safely, money in hand, secure, invested, with their futures and new wealth figured out, just in time for Black Friday. And then, you let them loose. + +Can you IMAGINE the amount of gifts that can and will be purchased post MOASS for this Christmas? GameStop would sell stores and warehouses completely out. There wouldn't be anything left. + +&#x200B; + +[But seriously tho.](https://preview.redd.it/6gbunirz5zk71.png?width=699&format=png&auto=webp&s=3a8ef972b9a63b704cefe9bd4885a7439aee6a5d) + +And it's that simple at this point. + +Gamma Squeezes have NOTHING on what's about to go down. + +Apes get millions of tendies. They each take thousands of those tendies and buy gear, tv's, furniture, consoles, and games. Each of those thousands of dollars provides long term value to the company, which continues to supply Apes with money, who buy enough product to keep the earnings up. (I remember a post a few months back about the ratio of money spent at the store into stock valuation. Can someone help me here?) Rinse and repeat, for basically fucking forever. Starting October. + +This leads me to a few really quick points. + +1. They would want this to happen early enough that we can all get finances in order to be able to spend at the store. That means it ain't gonna be the day before Thanksgiving. Cushion time would be key here. +2. I had a talk with a store manager the other day, and asked why we haven't seen GameStop branded gear in stores, but only online. They remarked that they knew there was a massive amount on its way soon, but that that online was the only place right now. A GameStop t-shirt or hoodie is going to be the item of the year for the holidays. So why aren't they available in store right now? Could it have something to do with a potential rush restocking of a new line of apparel with updated graphics all to be sent to stores just in time for a post-Moass holiday launch? +3. Look specifically at what information GameStop Corporate has put out as a company about what it's moves have been. We've had hiring news, stock offering news, debt payoff news. But other than that, there's been nothing. EXCEPT! You'll recall two separate releases highlighting the company's newly leased fulfillment and distribution centers. Significantly increased product holdings, quicker and more immediate availability and shipping, and, perhaps most importantly, the ability to have SIGNIFICANTLY more product on hand. Why is THAT the news they've decided to lay as their foundation for the move forward, and absolutely nothing else? +4. GameStop has taken great strides in mitigating the lack of foot traffic that may still be an issue this year. It's been widely accepted as the greatest weakness of the brick and mortar model. So what do they do? Overhaul their online offerings, quintuple down on distribution and speed of delivery, and streamline their ordering process. It's potentially the greatest online shopping experience possible. + +&#x200B; + +[u\/bradduck\_flyntmoore get it. Also this counts as his third meme posting, in accordance to the Challenge of the MemeLords](https://preview.redd.it/u66hbdg26zk71.jpg?width=500&format=pjpg&auto=webp&s=6e134b23643c239eb4632d03a32082d9f479a492) + +Everyone involved at the highest levels of GameStop at this point is aware of this. They know that the company's greatest time to shine is holiday revenue. That gives us a pretty solid justification as to why we haven't seen or heard ANYTHING about a plan. Because they know where their strengths are. And they're utilizing the established cycle of holiday sales to ramp everything up. Why trickle your updates out over months and months? Just hit it all simultaneously, right when your best customers get the equivalent of an infinite money glitch and you're the only shop in town that they'd allow themselves to shop at. You think some items are sold out now? Just wait until hundreds of thousands of Apes are buying games, consoles, furniture, tv's, and pc's for everyone they know. Once that boulder gets rolling, watch the fuck out. + +&#x200B; + +[MEMELORDS BOW BEFORE HIM BECAUSE U\/bradduck\_flyntmoore IS A GOD](https://preview.redd.it/x60ym2n46zk71.jpg?width=798&format=pjpg&auto=webp&s=23352802299c0907a23975fca5c46f47c093b82f) + +# BUT HERE'S THE BEST FUCKING PART + +We here on r/SuperStonk recently have liked to focus a whole lot on the ups and downs of the price of a share of $GME. Or the sidewaysing of the price, as the case may be. We've been trained to think of this situation in terms of shares and stock value. While that's valuable, I think we've done ourselves a disservice in limiting our scope to just that. We're working with company whose professed desire is to delight their customers. Not shareholders. Customers. And this company has managed to find a way to have those two groups be almost completely overlapping circles on a Venn Diagram. So while we have been so focused on the immediate next step of stock value, Mr. Cohen and he's team have been planning PAST that. They have the data. They KNOW that things are going to explode. And so they're spending their time making sure that everything is in place to handle all that cash coming their way after all of this. + +And what is the most delighted a customer can get? For me, it was getting the gift of a GameCube at 16. The first console I ever personally owned. I was in our local GameStop beaming the day after, gift card in hand. Overjoyed, because I loved video games. + +You want the best way to cement yourself as the greatest company of all time in the eyes of your customer base? You set your base up with the ability to throw $100 dollar gift cards around like Halloween Candy. You give them the power to buy a TV and console for every kid, not just in their family, but their neighborhood. You set them up to have the absolutely most magical holiday experience of their lives by allowing them to share their wealth, love, and care with those around them. Because the memories are what will truly be delightful. + +Imagine the trickle down. The amount of money freed up to do everything and anything else. The level of Ape spending for the holidays could singlehandedly jump start the economy, and a large chunk of that money will go directly to GameStop. + +Ryan Cohen runs a video game retail company. He's managed to find himself at the forefront of what could be the greatest financial turnaround that will ever exist in history. He deserves every bit of credit as to what he is doing in that. But I don't think that's his focus. Ryan Cohen has been telling us his strategy all along. And he's been doing what his dad taught him. + +&#x200B; + +[ Well we did do the chair... And the hat... Credit to u\/stonk\_sandwich and u\/Buttfarm69 ](https://preview.redd.it/ytg7wyi66zk71.jpg?width=420&format=pjpg&auto=webp&s=e0c11f864a5b772366684d53666b01aef006a781) + +That's his focus. That's what he's doing. Is it about the stock? Yes. Absolutely. But not simply for the stock's sake. He's not doing this to delight his shareholders. He's doing it to delight his customers. We're just fortunate enough that they're almost entirely the same people. + +The stock is a means to an end. And that end is a delighted customer base, who gets to share their joy and success with those around them. It will be a catalyst for change for years to come. But even just 3 months from now, it's impact is going to be felt in very acute ways. Opening gifts with their families and friends, sharing that wealth at the time of year that is almost universally revered as a time of charity and generosity. + +And he's doing it while leveraging the strengths of your company. + +RC has will accomplish this all by caring about and taking care of his customers, and doing right by his father. I know my opinion may not matter at all on this specific matter, but I think Papa Cohen would be pretty damn proud. + +# To conclude, why is this considered a DD? + +We use DD at this point to describe in depth research into the movement of the stock price. We see masters line u/Criand, u/atobitt, and a fucking host of others who have poured hours into analysis of the stock, the laws and regulations around it, who have unearthed the monumental level of greed and corruption that our system contains. + +That, however, has not been what DD has meant traditionally. It hasn't been about predicting world shattering market shifts. It hasn't been about reading through the entirety of legal publications and regulations to try and figure out what date margin requirements for financial institutions change. Previous to this movement, doing you "Due Diligence", at least most of the time, was simply presenting a solid, historically based, researched, and informed take as to why you are setting a thesis on an investment choice. Generally, with our online community of degenerate primates, that thesis would be bullish, and would be based in the fundamentals of a company, ie demand, what their product offerings are, and (importantly) what events are on the horizon that look to provide a boost to the companies profits, and the historical evidence of that on a cyclical nature. + +Look at the info that u/deepfuckingvalue has published for us. It's not FINRA and the SEC. It's been about what this company does well, and how and why he believed that could leverage those strengths for further gain. Yes, he acknowledges the stock price and value, but only in comparison to the overall valuation of the company, and the giant spread between what he's seen it's value to be based on the fundamentals and the actual value of the stock. And nothing is a greater strength for GameStop than the holiday gift giving cycle. + +I can think of no greater bullish sentiment for GameStop specifically than knowing they're a month away from their historically best quarter of the year, sitting on 2 billion in cash, two new massive distribution centers, and a team of retail and online specialists who are absolutely aware that the best ramp to launch their own ship is built on the back of a stegosaurus that peaks every. 4th. Quarter. + +Of course our absurdly star studded and capable team knows that. They're not in the business of regulations and the markets. They're in the business of being a video game (and video game adjacent) retail platform. Do they expect to increase value for their investors? Absolutely. The question is HOW? + +As much as we may want them to focus on the price of the stock, and make statements and news releases that excite investors and draw FOMO, I don't think it was ever going to be their play. And it took me this fucking long to realize that I was focusing on the wrong thing. How is a customer delighting video game company going to increase it's value for shareholders? By cornering the holiday gift giving market, and ensuing that their customers have cash on hand to buy whatever the fuck they want. + +These next statements are conjecture, but make absolute sense to me. + +* That's why they haven't announced plans. +* That's why they haven't revealed anything. +* That's why we're haven't seen a massive shift in product offering at the retail store level. +* That's why we RC's playing close to the vest. + +Because they know that they've got their own historically patterned nitrous system sitting there waiting to provide them the greatest 4th Quarter in company history. Fuck it, potentially MARKET history. And it would be incredibly dumb of them not to leverage it. They didn't need to make immediate or big moves. The company is debt free, with as much hype as a company has ever had. So use the natural flow of time to ensure you've got some deep fucking value coming. + +And to me? That due diligence makes me like the stock. So I'mma buy some more. + +Fin. + +&#x200B; + +A few quick notes and pieces of needed assistance. I would love some additional supporting details here. I'm linking Ryan's Letter to the Board below, as well as the transcript of the Shareholder's meeting. I'd appreciate any help I can get in trying to view releases, statements, and the like through this lens. Please start looking at everything we've seen with Q4 in mind, and see what we come up with. + +[RC Letter to ShareHolder Fall 2020](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +[Transcript of RC Comments at Shareholder Meeting](https://gmedd.com/transformation/ryan-cohen-at-agm-we-ushered-in-a-whole-new-era-of-gamestop/) + +Further, I think now would be an absolutely fantastic time to have someone do a lot of digging into the gaming market in general, the trends in revenue, the amount of growth over the last 20 years, and prognostics about where it's heading. u/sharkbaitlol has done some great work in previewing the potential tech events coming. Can you imagine an NFT marketplace launching just in time for Christmas? More eyes on this would be so helpful. + +TLDR: GameStop makes ~40% of their revenue in Q4 annually. THAT is what the company is building toward this year. Get the foundation built, then reveal it all in the holiday season where they already have a history of success. It goes to follow that Cohen and company would want to have Apes have as much cash on hand heading into the holidays as possible. + +Update: Edit, Formatting and a word. + +Update 2: Completely forgot to add in they're already grooming us to corner the Holiday market. Supply issues keeping consoles unavailable? GameStop Pro membership gets you priority access. Need that launch gift for your kids? Pre-order as a pro member. for bonuses and special features (see Pokemon pins.) It's already starting. + +Update 3: I've had several people bring up potential supply chain issues, but just as many people offer the solution that is the potential digital marketplace. While consoles and the like will still have issues, any content that can be sold digitally will still be up for grabs, and if it's heading the direction we think it will, with all the same perks and the like of physical copies. Completely skirts the supply chain issues for many products. +Anyone posting about themselves being tired is just spreading FUD. Tired? Take a nap. You know what I’m tired of? The crooked financial system having its way with retail investors and manipulating prices. I’ve been an ape since end of January and I’m not tired at all. My tits are jacked to their tits. + +Pepridge farm remembers when we were down at $120 and no one blinked. PF remembers the drop from 350 to 180. If that didn’t make us tired then how is a constantly rising floor and the head of the NYSE admitting price manipulation making you tired? Seriously have a nap. Walk your dog. Circle jerk for all I care, just don’t post this FUD and hodl. Logging off and waiting is the easiest damn thing to do. Play a video game, smoke weed, sell your kidney for tendies fuck if I care just don’t tell me you’re tired. +The more I think about how life will be different, I can’t help but think of all of the things I would have loved to do, if I had the time or the money. So many smart Apes out here, just look at the DD and creative thinking/artistic talent that gets thrown around here daily, and for most this is a ‘side hustle’. + +It truly jacks my tits thinking about all of the wild and crazy shit we will see coming from this community when we are no longer burdened by all of the things that kill our great ideas. Wether it’s charity, giving back, smart new business ideas, or creative outlets like arts, we are going to see some major change. + +I can’t wait to support each and everyone one of you crazy apes’ new ventures, and I think this more than anything keeps me going. Having 100% freedom to do what we want to do, and knowing if it’s not profitable who cares. You’ll be investing in yourself, as well as the greater good of our communities, and that’s just awesome. + +💎🙌🏼 Apes, the day is coming. We are the MOASS generation. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Anytime buying property comes up, either on this forum, people at work, family friend advice, people always say "you shouldn't buy apartments". + +Thing is, I grew up in inner suburb Melbourne (Westgarth) and have always lived in the area since. My parents don't own property so there's no safety net to fall back into. I don't have any other family in Melbourne. So I'm trying to get onto the "property ladder" as such as no one owns in my family. + +I make what I think is a good wage 75k, however, townhouses around here are 1M+, and even 600k property on my wage and a single income feels pretty risky. So I've been looking at places that are 2bedroom 50sqm+ in the 450k range. + +This is the right financial decision right? Don't over extend, live close to personal networks and areas I know/like instead of trying to over extend financially (600k) and buying in an area I don't know like Fawkner/Thomastown/Boradmeadows. +At this age, it's very common to face a big shift in terms of taking responsibilities of your own personal finances. + +What tips and advice would you give to 21 year olds today that should be actioned on immediately, and things to keep in mind for the future? Or even advice you wish your 21 year old self took? + +For example, one thing I can think of is for the average 21 year old to make a non-concessional contribution of x amount (I'm unclear what the exact amount is) to their superannuation and receive $500 from the government into their super! + +People much smarter than I, on this subreddit, probably know a tonne of valuable information; this could be a great page to share :) +So I’ve been apartment hunting in SE Brisbane the past 6mths and have gone to see a number of places. All of them are asking 30-50k more than what other homes in the same complex went for 6-12mths ago! Am I the actual crazy one for thinking that growth expectation is insane? + +This month’s run around breakdown as below: + +1. Townhouse - 2 bed | 1 bath | 1 car space, only has fresh paint and carpets, offers over $518,000 considered… next door sold for 485k August 2022. + +2. Apartment - 3 bed | 1 bath | 1 car space, offers near 550k expected… downstairs some layout sold for 473k in August 2021 AND that one had a renovated bathroom and kitchen whereas the current one for sale does not… + +Having bid lower on both because I just could not justify meeting their expectations when the same places in the same complex were much lower (offered 500k for the townhouse and 520k for the apartment), the sellers will not budge at all and the apartment sellers even rejected a full cash offer of 500k (according to the agent)). Though both are original owners so I’m guessing there’s no haste to sell when you bought them for like 100k in the 90s… but 30k more than six months ago and then over 50k more from 12 months for a more outdated place!? + +I thought apartments / townhouse didn’t shift this much with market trends. They seem to be increasing as quick as houses! And also they’re increasing even with the increasing interest rates… Feels like I’m starting to get outpaced by even the lower cost option which I thought apartments were… + +Damn it’s rough out here guys… +I've heard a lot of high profile insider trading cases in the west. How's the situation in India? + +Is SEBI well equipped to catch them? + +Were there such major cases in the past? + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I am a stock market learner and was looking at the market during last 2 decades. 2008 and 2020 make sense to me. + +But 2011 doesn't make sense. There is some news about crash in August in USA and some countries, but in India, it went down during the whole period of Feb 2011 - Feb 2012, even before US stock crash. + +Was there any reason for the terrible performance for the whole year? +Need advice on a Real Estate purchase. + +NRI here with 30L annual savings for past 2 years (unmarried, 26). Dad and few S.Engineer relatives have suggested to buy a new apartment currently rented out to a hostel in Hyderabad, Hi-Tech City/Software Companies area. All savings currently in bank or given for interest to relatives/dad's biz partners. Maxed PPF account and some gold for mother are my only investments. Haven't really got in to regular investing and think I have 2-3 more years before I can make myself serious for MFs, Equities etc. + +I will be quitting my job in 6-12 months and moving back to India to work in startups (say 40k savings per month then). Want to understand if this is a good purchase? What is the opportunity cost? What are the key risks involved that I need to be aware? What are my exit options? + +Property Value: 1,20,00,000 +Cash: 30,00,000 +Loan: 90,00,000 +Period: 20 +Interest: 8.75% +EMI: 80,000 +Current Rent: 60,000 +From Pocket to EMI: 20,000 + +Not sure about taxes on rent vs deductions for loan. But does the math checkout for a sound investment given my circumstances. +My portfolio is devided into 2 part's + +1. Stock Portfolio + +&#x200B; + +\> Balaji Amines ( AVG - 812 , CMP- 2797) + +They have specialized in the amines area and is a supplier to most of the big names in the Indian Pharma space. Also, they have a long term supply contract with BASF. + +he margins are expanding due to softening of raw material prices. At the same time, the end product prices have also softened hence the turnover growth is not as high as production growth. + +There has been good sales growth in last two quarters. Only thing is margins at net level are quite volatile ranging from around around 6 to 12% in last five quarters.Really a big fan of this company after the Covid'19 outbreak. + +&#x200B; + +&#x200B; + +\> AU Small Finance Bank (AVG - 818.20, CMP- 1195.70) + +I am huge fan of Indian banking industry and finding out underdog's in them is my main motive. Au small finance bank is example of consistent growth as Over the last 5 years, revenue growth has averaged 41.32%, vs industry avg of 17.55%. + +Over the last 5 years, net income has averaged 65.67%, vs industry avg of 19.75%. It focuses in rural and semi urban areas . It offers various services, such as commercial vehicle loan, car loan, loan against property, small and medium enterprises loan and have a really high foreign institutional + +and domestic institutional investments in it. + +&#x200B; + +\> CDSL( AVG - 753.87 , CMP 1052.55) + +Currently there are only 2 DPs and there is a huge entry barrier for new players.The number of demat shareholders are expected to increase as many people / fund houses are entering the stock market. + +Expenses are expected almost to be same and the upside revenue to grow y-o-y. Over the last 5 years, revenue has grown at a yearly rate of 15.56%, vs industry avg of 3.07%. Over the last 5 years, market share increased from 5.55% to 18.07%. Clearly market leader in it's segment and since the time of pandemic the number of demat accounts opening are hell of a numbers. + +&#x200B; + +\>Eveready Industries ( AVG - 168 , CMP - 338) + +Always wanted to have exposure to battery sector in India we have giant like Amara Raja and even exide is performing very nice but my bet was on Eveready + +as Dabur incresed their stake in it and demand for dry cell batteries, rechargeable batteries, flashlights, packet tea and general lighting products has + +to be increased while doing work from home. Though the company has underperformed a bit and is really diversifing and decreasing their dependance on battery business. + +&#x200B; + +\> Adani Total Gas ( AVG - 369 , CMP - 889) + +In this particular sector I had a toss up between gujarat gas , mahanagar gas and Adani gas since we all know how Adani is expanding business in our country plus + +the revenue generation and total net income was higher than the industry so yeah untill the Adani fiasco happened I was also bit concerned about my stock + +selection though I had acquired it around 360 level's it was never a concern for me but considering a good revenue growth and return on equity always wanted to + +have this in my pf comparing it peers. + +&#x200B; + +\> Finolex pipe industry ( AVG 124 , CMP - 183) + +Finolex Industries Limited is a manufacturer of polyvinyl chloride (PVC) pipes & fittings and PVC resins. Company is almost debt free and having a PE around 15 + +vs sector PE at 60 is having it in very discount premium. Would be accumulating more with time as company is doing right thing's by increasing margins + +and increasing their product portfolio. + +&#x200B; + +\> Indian Energy Exchange (IEX) ( AVG - 214 , CMP - 419) + +It offers an online electricity trading platform for trading, clearing, and settlement operations alone leader in this with increasing + +market share. The company has great return on equity and is almost debt free. With FII and DII both having stake in this for more + +than 20% will be accumulating more with time. + +&#x200B; + +\> Jamna Auto ( AVG - 53 , CMP -86) + +Don't have any auto sector stock rather have a mutual fund in it but thought of taking a stock which supplies major things to + +the auto sector as supplying won't stop so Jamna Auto is Jamna Auto Industries Limited is a provider of automotive suspension solutions for commercial vehicles. + +One of the largest suspension manufacturer also the price of this gets affected by steel prices because of spring manufacturer. + +The balance sheet is improving as company is reducing debt and I am betting on economic recovery which will mean to more purchase of vehicles. + +&#x200B; + +\> Tata Consumer Products ( AVG - 602 , CMP - 763) + + Diversified portfolio | revenue has grown at a yearly rate of 11.94%, vs industry avg of 8.37% | market share increased from 30.8% to 36.21% | really nice balance sheet + +&#x200B; + +\> Vaibhav Global ( AVG - 738 , CMP - 810) + +Really a fan of this stock whenever the major indicies underperform this outperform them everytime though from the time of stock split + +it has made a flat base. Company is almost debt free. Company has delivered good profit growth of 47.54% CAGR over last 5 years + +Company has a good return on equity (ROE) track record: 3 Years ROE 27.74% . + +&#x200B; + +\> ICICI Bank ( AVG 511 , CMP -664) + +Like earlier said I am huge fan of Indian banking industry and always want to find the underdog's in them for ICICI bank what I believe + +is very much undervalued as compared to peers. Net income has grown at a yearly rate of 12.55%, vs industry avg of 11.51% + +&#x200B; + +\> HDFC Life insurance company ( AVG - 624 , CMP - 694) + +The insurance sector is growing sector in India and with HDFC LIFE having return on equity around 14 % with great financials as + +net income has grown at a yearly rate of 10.75%, vs industry avg of 7.22% and revenue has grown at a yearly rate of 31.58%, vs industry avg of 25.63% + +The insurance sector will be really under boom after covid pandemic + +&#x200B; + +\> Crompton greaves consumer electrical ( AVG- 388 , CMP - 460) + +Crompton Greaves Consumer Electricals manufactures and markets a range of consumer products. The Company's main products/services include lighting products (luminaries and light sources) and electrical consumer durables. + +With FII and DII holdings is more than 10 percent and almost debt free company with diversified portfolio and with great results + + profit growth of 39.58% CAGR over last 5 years and 3 Years ROE 38.12%. + +&#x200B; + +\> The phoenix mills ( AVG - 718 , CMP -828) + +Phoenix Mills is engaged in the business of operation and management of mall, construction of commercial and residential property and hotel business in India. + +After the time of covid most of realty and infra stock were heavily undervalued so really wanted to have something from that sector + +Numbers looked decent, strong growth consistent with valuation, PE wise and seemed this consumption story/overall trend would be a good long term play. + +&#x200B; + +\> Nesco ( AVG - 553 , CMP - 659) + + revenue has grown at a yearly rate of 3.72%, vs industry avg of -3.42% | net income has grown at a yearly rate of 3.65%, vs industry avg of -11.15% + +Can see that company know how to operate in the time of pandemic as well with decent results with debt free company. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Mutual Fund Portfolio + +For mutual fund my main aim is for untill any sort of financial emergency I will be accumulating on my respective funds and will + +be allocating some amount according to the market cycle: + +&#x200B; + +1. ICICI prudential Banking and finacial service ( 11 % of folio) + +Main reason of buying this was banking sector was hard hit by pandemic and getting BANK nifty at 21000 was pure steel. + +&#x200B; + +2. DSP Small Cap ( 10 % of folio) + +Small cap at that time was typically undervalued and by November 2020 I had started increasing my stake in this + +&#x200B; + +3. Quant Mid Cap ( 10 % of folio) + +Same for midcap as well was very undervalued and typically started increasing my stake + +&#x200B; + +4. Edelweiss Greater China off shore ( 9% of folio) + +Foreign Exposure as whole of 2020 was China boom + +&#x200B; + +5. Axis bluechip Fund (9 % of folio) + +Typical Large cap + +&#x200B; + +6. Parag Parikh Flexi Cap ( 8% of folio) + +Always meant to be in folio due to it's magnificent performance + +&#x200B; + +7. UTI Transportation and logistic fund ( 8 % of folio) + +Was very hard for me to go and find a good company for my stock portfolio that's why though of picking whole set of companies + +I know taking thematic funds is bit risky but can take that risk. + +8. Motilal Oswal s&p 500 ( 7 % of folio) + +Foreign Exposure + +9. Motilal oswal Nasdaq ( 3% of folio) + +Foriegn Exposure (IT Boom) + +&#x200B; + +10. Sbi Technology ( 6 % of folio) + +IT boom sector + +&#x200B; + +11. DSP Natural Resources ( 5 % of folio) + +&#x200B; + +12. Edelweiss Europe Dynamic ( 5% of folio) + +Foreign Exposure so that can be typically diversified + +&#x200B; + +13. Aditya Birla Pharma ( 4 % of folio) + +Pharma boom + +&#x200B; + +14. ICICI Infrastructure fund ( 4% of folio) + +Almost a fourth thematic fund in my folio because I believed that infrastructure sector was really undervalued and was meant to be a next + +market cycle with Covid relief fund's and fiscal budget. +edit on title - first private Exchange on Binance Cloud + +I think this is an easy moonshot, a few may know Mandala back a few years ago, it didnt went well, now a new Team got their shit together and relaunched this in December 2020 with the help of the Binance Devs. + +Mandala is the first private exchange on Binance Cloud and as we know Binance is the greatest Exchange in the world. They have their own Token MDX which is the equivalent of BNB, this is literally your 2nd chance on BNB. + +They share the same order books which means 264+ assets live for a total of 946+ pairs to trade with and they are planning to add exotic coins which Binance doesn't have which makes it even more attractive. All your trades beeing handled by Binance Wallet so funds are SAFU ;). + +You'll start with 0.1% fee just as on Binance but you'll get rebates much cheaper. For 0.05% as a Taker you need to hold 9000 BNB (or 50 BTC trading Vol@30d) on Binance which is $2.340.000 at the current price of $260. On Mandala you have the option to lock a maximum of 320k MDX for the same discount which is $56000 at the current price of $0,175 right now. You can see the whole fee schedule [here](https://support.mandala.exchange/hc/en-us/articles/360053314954-Fee-Schedule). + +They already have an Android App and just released IOS App a few hours ago. They have a roadmap stating the integration of Hummingbot and Futures in march, Margin in Q2 this year and even the launch of an US Exchange in the near future. On top, CMC and Coingecko will list them in March. You can see the roadmap on their [homepage](https://www.mandala.exchange/). + +In the last days they encountered some bugs but they are working on it around the clock with the help of the Binance Devs and have a stellar support on Discord. The MDX/USDT pair is live but the UI is still buggy so you have to reload and it is only possible to do a limit order on the MDX/USDT pair right now but they'll fix it soon. You can move your funds from Binance to Mandala via the Binance Smart Chain with ridiculous low fees! + +***Again, dont wonder if your balance in MDX dont move, the graph, balance and the data is bugged right now but the order book is working. You can see the actual price at the trade history, just put a limit order above the actual price if you want to buy or below if you want to sell. Check the status*** [***here***](https://status.mandala.exchange/)***.*** + +This can go easy to the moon, imagine all issues are fixed + the upcoming features. + +Total supply is: 400,000,000already locked: 109,347,400Team's holding: 80,000,000so circulating supply is: 212,523,162 + +If you want you can use my referral with 5% less commission for you, it's the maximum i can give you: [https://trade.mandala.exchange/account/signup?ref=V3P7KU68](https://trade.mandala.exchange/account/signup?ref=V3P7KU68) + +[Website](http://mandala.exchange/) \- [CMC](https://coinmarketcap.com/currencies/mandala-exchange-token/) \- [Coingecko](https://www.coingecko.com/en/coins/mandala-exchange-token) + +Fuel the rocket! + +not financial advice +edit on title - first private Exchange on Binance Cloud + +I think this is an easy moonshot, a few may know Mandala back a few years ago, it didnt went well, now a new Team got their shit together and relaunched this in December 2020 with the help of the Binance Devs. + +Mandala is the first private exchange on Binance Cloud and as we know Binance is the greatest Exchange in the world. They have their own Token MDX which is the equivalent of BNB, this is literally your 2nd chance on BNB. + +They share the same order books which means 264+ assets live for a total of 946+ pairs to trade with and they are planning to add exotic coins which Binance doesn't have which makes it even more attractive. All your trades beeing handled by Binance Wallet so funds are SAFU ;). + +You'll start with 0.1% fee just as on Binance but you'll get rebates much cheaper. For 0.05% as a Taker you need to hold 9000 BNB (or 50 BTC trading Vol@30d) on Binance which is $2.340.000 at the current price of $260. On Mandala you have the option to lock a maximum of 320k MDX for the same discount which is $56000 at the current price of $0,175 right now. You can see the whole fee schedule [here](https://support.mandala.exchange/hc/en-us/articles/360053314954-Fee-Schedule). + +They already have an Android App and just released IOS App a few hours ago. They have a roadmap stating the integration of Hummingbot and Futures in march, Margin in Q2 this year and even the launch of an US Exchange in the near future. On top, CMC and Coingecko will list them in March. You can see the roadmap on their [homepage](https://www.mandala.exchange/). + +In the last days they encountered some bugs but they are working on it around the clock with the help of the Binance Devs and have a stellar support on Discord. The MDX/USDT pair is live but the UI is still buggy so you have to reload and it is only possible to do a limit order on the MDX/USDT pair right now but they'll fix it soon. You can move your funds from Binance to Mandala via the Binance Smart Chain with ridiculous low fees! + +***Again, dont wonder if your balance in MDX dont move, the graph, balance and the data is bugged right now but the order book is working. You can see the actual price at the trade history, just put a limit order above the actual price if you want to buy or below if you want to sell. Check the status*** [***here***](https://status.mandala.exchange/)***.*** + +This can go easy to the moon, imagine all issues are fixed + the upcoming features. + +Total supply is: 400,000,000already locked: 109,347,400Team's holding: 80,000,000so circulating supply is: 212,523,162 + +If you want you can use my referral with 5% less commission for you, it's the maximum i can give you: [https://trade.mandala.exchange/account/signup?ref=V3P7KU68](https://trade.mandala.exchange/account/signup?ref=V3P7KU68) + +[Website](http://mandala.exchange/) \- [CMC](https://coinmarketcap.com/currencies/mandala-exchange-token/) \- [Coingecko](https://www.coingecko.com/en/coins/mandala-exchange-token) + +Fuel the rocket! + +not financial advice +Happened to me during the Bitcoin crash in may due to over staying night after night, right after entering a trade. I don't remember clearly how I managed to put the trade but the next thing I remember is that I woke up to a massive loss since I didn't set a stop-loss. +Obviously, listing companies that are currently already super close to a 1 trillion market cap is not really helpful. + +A trillion isn’t what it used to be, lol, but I’m curious what you all are thinking when it comes to companies with a 1 trillion market cap in 5 years. + +My personal picks: + +- SHOP +- NVDA + +What are your picks? +I’m one of the retards here with 5 figures loss porn. Others too I’m sure are hurt. + +I’ve been depressed and mentally drained since the new year, and since I’m graduating college in May it’s hard to just go back into the workforce right now since I’m traveling from school, back home, gonna be getting a real job in the summer (god willing). By the time places like Wendy’s or retail hire me I’ll be quitting. I’ve been looking for remote work with no use. I have mondays, Wednesdays, and fridays off next semester and I have no idea what I’ll do. + +I have less than 1k in my bank and I go to college in a few weeks. Off campus and do my own shopping and shit. I had 5 figures in august. I’m nervous as fuck for this semester. This was supposed to be the time of my life and I ruined it. Anyone college aged here, please be careful and don’t end up like me. + +Edit: you guys really inspired me. Thanks. I’ll come back stronger than ever. + +Edit 2: thank you for the concerns, but I’m not a gambling addict. If I was, I would’ve yolo’d into Gme calls today and I didn’t. Lmao. +Less than 2 decades ago, the public was sold on paying for their internet by the hour, and AOL was the only king. Eventually people moved on to much different and better alternatives to get their porn beamed to their house. + +I think we’ll see something similar over the years to come with Bitcoin. It’s the general public’s entry point into crypto, but once they are in they realize how much better other cryptos are for multitudes of reasons. + +Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL +In-line with [this post](https://www.reddit.com/r/UKPersonalFinance/comments/gtvuqh/how_difficult_is_it_now_to_find_a_job_due_to/) it got me thinking of the opposite end of the spectrum for the security of everyone's finances. + +Which industries, jobs, etc will likely experience a boom as a result of the pandemic? + +In other words, if one was to retrain, move industries or jobs, where is the money at? +I fucked up. + +I worked with a university for 2 years, and converted to a full time student for my last year so i could do an internship. Turns out I had accrued over 12,000 dollars in employer contributions. + +After graduating, I went to rollover it to my new employer's 401k and guess what? Turns out that the university vesting period was 3 years. So i lost 12 grand just like that. + +TLDR: LOOK AT THE VESTING PERIOD OF YOUR EMPLOYER FOR YOUR 401K +From [slashdot](http://hardware.slashdot.org/story/13/09/03/1254229/at-current-rates-tesla-could-soon-suck-up-worldwide-supply-of-li-ion-cells): + +>Here's some little-understood Tesla math that could turn the global market for cylindrical lithium-ion cells upside down by 2015. It turns out the massive Model S battery takes almost 2,000 times the number of cells a basic laptop does. Assume Tesla just doubles production from its current 21K cars/year to 40K cars/year. (Something it expects to do by 2015). At that point, Tesla would require the *entire* existing global capacity for 18650 commodity cells. That assumes no other growth, no next gen model +There’s a good BBC article this morning titled ‘How wealthy are you?’, it discusses the UK’s wealth, what it’s made up of, wealth inequality, generation divides, inheritance etc. Has some interesting statistics so thought some here might be interested in reading it. + +https://www.bbc.co.uk/news/uk-48759591 +I tried explaining to my parents months ago what crypto was but they couldn't grasp the concept of it and just brushed it off but I told them I put some money into it. + +Today my mother just said she heard crypto and bitcoin is crashing and that I should sell if I had any. I'm not sure what to think of this, as I know she definitely heard this on one of those stupid morning shows for housewives. Maybe this is just a widespread media FUD or maybe it's the beginning of the bear market. + +At the risk of sounding foolish maybe this is where the newbie crypto 'investors' get shaken and sell their coins. I wasn't super active during the last bear market so I don't know what it was like but I can't tell if this is just a big dip due to media coverage. Make of it what you will but I'm invested in project I believe in and plan on holding, my mother thought it was foolish but hopefully in 10 years time I can use this money to spoil her. +My friend who introduced me to crypto just told me about this. + +His plan is to turn his (sizeable) down payment into UDSC and tuck it away on crypto.com in 3-month lending periods that are 10% APY each, until he needs to withdraw it when he finds a home sometime late next year. + +He says UDSC is the only trustworthy stablecoin for him and that crypto.com is the safest and simplest place to lend stablecoin so it will take virtually no effort and be better than earning a pathetic .06% interest through a bank or elsewhere. + +...but there must be some greater inherent risk with doing this right? Even on a big platform like crypto.com? Could it be stolen, etc.? If not, why isn't everyone doing this? +Hello retards, + +after some apes from Germany said there is high activity on google maps I drove there to check it. + +There were some lights on in the headquarters, the lower level light seems like they are dimmed, but at the higher levels there was clearly light switched on. In front of the building there was nothing special, only one guy standing around 20 minutes... +The subway station, that was reported as high activity area at 23pm German time was pretty empty at 1am after I was there, there were only 7 people waiting for the subway. I did not saw any movement at the lower levels of the headquarters, maybe because of the mirrored windows. +At the other side of the street is a second Deutsche Bank branch, probably the trading building of Deutsche Bank. In front of entrance there was a guy with his Mercedes taking out his big camera. There were clearly some people in front of the entrance. Maybe one of our apes with a big camera? +And one thing that made me thought: I noticed a bicycle in the office of UBS (see picture below), maybe there are some people at the office, because after you arrive with it you usually drive home with it... + +After all this there was nothing more suspicious for me. It was pretty empty at the time being. There were lights turned on, somebody who lives in Frankfurt and knows how much light is usually turned on can give us more information. + +Here are some pictures from the headquarter of Deutsche Bank (1:00 am local time): +[TwinTowers 1](https://ibb.co/jvcGJq1) +[TwinTowers 2](https://ibb.co/jvcGJq1) +[TwinTowers 3](https://ibb.co/bHftsrH) +[TwinTowers 4](https://ibb.co/r63ffm5) +[TwinTowers 5](https://ibb.co/zRYG6Cf) +[TwinTowers 6](https://ibb.co/X4XzZVN) +[TwinTowers 7](https://ibb.co/8rm9ZZz) +[TwinTowers 8](https://ibb.co/RctfpDf) +[TwinTowers entrance](https://ibb.co/rdYB5Qb) +Video: +[TwinTowers Video](https://youtu.be/6KlvS4CBIEk) + +Trading building of Deutsche Bank according to u/StrangeTackle (please correct me if I’m wrong): +[Trading Building 1](https://ibb.co/BBBfwXh) +[Trading Building 2](https://ibb.co/QprS2Yf) +Video: +[Trading Building Video](https://youtu.be/QJIuv6W6Ijs) +Trading Building at the video starting at 0:56, insane amounts of lights coming from it. + +The subway Station: +[Subway Station 1](https://ibb.co/sVxgw4W) +[Subway Station 2](https://ibb.co/gR1ZdH9) +[Subway Station 3](https://ibb.co/zJk8k2X) +[Subway Station 4](https://ibb.co/d2m74z2) +Video: +[Subway Station Video](https://youtu.be/R4ye37XlZlg) + +UBS building: +[UBS 1](https://ibb.co/ydyTNYS) +[UBS 2](https://ibb.co/ZXMVyDn) +[UBS 3](https://ibb.co/gwJYpz2) +[UBS 4](https://ibb.co/89n05Fv) +[UBS 5](https://ibb.co/bHdqNht) + +So we know something unusual is happening, currently we only see the effects of it, we need to dig deeper and see if we can find the cause for it. Do not be too hyped about it, we need to stay clear minded. Maybe there are apes checking the offices on google maps and causing this “popular times”. In addition to COVID where are less people at the office at peak times than usual is making the difference why we see a peak at night times. Maybe anyone who knows the calculation of it could say how this works. As for me: I did not find something very suspicious, but It does not change the fact that Shorts have to cover their positions 🙌🏻🚀 +>RBA governor Philip Lowe has veered off into fantasyland in evidence to a parliamentary inquiry this morning. +> +>**Asked by LNP MP Ted O’Brien if Australia’s households should pay down their debts - which are extremely high - or spend money to stimulate the covid-ravaged economy,** +> +>**Lowe said they should do both.** +> +>And that they could. +> +>“Well, I want them to do both,” Lowe said. +> +>“And I think they can do both.” +> +>He said that at the moment households were using government support to pay down their debts. +> +>But **“if our income growth is strong enough we can both spend and pay down our debt,” he said.** +> +>**Unfortunately for Lowe, he had just told the committee that there would be no real wages growth in the economy for the next several years.** +> +>Thanks in large part to our outrageously high house prices, Australia’s households are also some of the most indebted in the developed world, on average owing around twice as much as their yearly disposable income. +> +>The source for that figure? Lowe’s own RBA. + +[https://www.theguardian.com/australia-news/live/2020/aug/14/coronavirus-australia-latest-updates-nsw-community-transmission-curve-victoria-daniel-andrews-south-australia-borders-aged-care-live-news?page=with:block-5f35e61a8f08d485ec34a59c#block-5f35e61a8f08d485ec34a59c](https://www.theguardian.com/australia-news/live/2020/aug/14/coronavirus-australia-latest-updates-nsw-community-transmission-curve-victoria-daniel-andrews-south-australia-borders-aged-care-live-news?page=with:block-5f35e61a8f08d485ec34a59c#block-5f35e61a8f08d485ec34a59c) +Pre-TLDR for the blind children who cant read - + +TAN puts $20 strike, July. + +TLT call, $160 strike, Mar 20. + +IEUR puts, $25 strike, June 19th. + +Spy puts, $230 strike, June + +EEM puts, $25 strike, May + +&#x200B; + +The Fed has an ult as spicy as wasabi snooters, and they started stage 2 of it today. Before I get into how the Fed might actually unfuck the bulls, some context. + +The externalities that are affecting the market right now are downright marvel movie ridiculous. + +\- A growing bubble of stock valuation (like the dot com bubble) + +\- A growing corporate debt bubble akin to 2008, but instead of Amanda buying a truck and a condo as a hooters waitress, its WeWork being... well WeWork. + +\- A supply chain disruption that disrupted 94% of the Fortune 1000, that isn't priced in yet (I'll ge to that later) + +\- A small sovereign debt crisis (Lebanese bond default) forming like Greece bangin rails whiter then snow. + +Literally one of those is enough to trigger a correction event, but fuck that it's 2020 we go big or go home, there's FOUR major externalities hitting the market within weeks. + +But why does this all matter? Well large corporations like Boeing have large lines of credit with large banks like JP Morgan Chase. JP will credit an amount, say $100, to be drawn down at any point. JP has hundreds of thousands of businesses under its credit line. From your local pizza shop with a $5,000 credit, or GE with $19.8 Billion in credit across 6 banks. But not all companies will need to draw down on credit at the same time - so no need to keep liquid capital = to your commitments on hand. + +[GE's credit limit is higher then Cheech and Chong](https://preview.redd.it/tvgof2odvcm41.png?width=1200&format=png&auto=webp&s=f6e1fcdabbccf35ca26bf4840179574c08689424) + +That is - unless some externalities like ModelobolaBeerVirus show up right in the middle of a Saudi-Russian pillow fight turned knife fight because the dumbass babysitter China passed out on Xans and cant watch the children. + +So now every company and their mom is trying to draw down credit to cover losses anywhere from supply shortages to payroll to legal fees. + +Well now wtf does JP Morgan and friends do if it has credit line obligaitons it can't pay? + +You take out a credit card... but from who? THE FED! + +Well what can the Fed do? This isn't QE4 - A New mortgage, atleast not yet. Then what the everloving shit was Powell thinking sleeping on the print button to the tune of 500 billion in offered liquidity TODAY, and more importantly - where did that money go? + +Well, liquidity isn't going to equities. That was apparent by the almost immediate crash after the announcement of repos and relative flatening of value. The liquidity isn't going to solve solvency issues, there hasn't been enough time for a firm to declare insolvency. Well then where is that liquidity (cash) going? + +# So my Thesis?: + +# Repo Ops are being offloaded to Banks who are using the liquidity to fill credit line obligations, in turn selling those credit lines as bonds through securitized bond swaps to Banks 2: euro boogaloo, who are then using those SBS's to securitize their obligations on negative yield ECB bonds. + +First, what's the ECB? It's the Feds autistic cousin in the eurozone. + +See the ECB has the same job as the Fed, regulates monetary policy for the eurozone, and that for some reason includes giving debt out for free, and paying people to take loans and bonds. See, the negative debt ratios in Europe are assblasting bad. Like, 96% of your debt you are paying to loan out bad (looking at your Switzerland) + +https://preview.redd.it/uxe4580iscm41.png?width=656&format=png&auto=webp&s=8f03df2f3986656cf7d88fe59788fbc3212f1652 + +So all this negatively yielding liquidity can be attained in the market - free money that can be amortized over 100 year bond obligations by Euro banks like Deustche Bank. + +Well how does SBS get ahold of the money to pay back these bonds. They transact an SBS with an American bank who have these lines of credit and their obligations. What is a SBS? an SBS is a bond swap. Easy right? A bank like JP will gather a group of bonds that are securitized + +\--(grouped together (tranched) for risk, I would also note the actual mechanics of an "SBS" is much more complex then just throwing a shitload of corporate bonds together, and this is just to make this train of thought as simple as possible.) -- + +Then JP will go diddle his skull and crossbones fuck buddy at Deustche Bank, and ask for a swap. Deustche Bank, always in the mood for felatio, will go to the ECB and take out 100 euros in German backed 100 year treasury bond at -.69% interest. Deustche Bank will then bend over after said felatio, and give JP that 100 euros - or $112 to JP in exchange for that SBS. The SBS obligation from groups of companies like Boeing have long term value as long as the companies do not become insolvent and thus default. + +Because The Euro has a favorable exchange rate, the US bank can then turn back to the fed same day and payback their Repo obligation with interest, and have some cash to spare. + +GE gets their tendies to pay for hookers and blow so long as they can rollover to the next month and pay their interest. + +JP Morgan Chase gets their money to pay Daddy Powell and not get sued by GEs dad's lawyer for making promises it couldn't keep. + +Deustche Bank gets a % value of the obligated credit line, and say they helped and can keep playing options like it's roulette. + +And Germany has a securitized bond obligation against corporate bonds and can keep paying gibs. + +**Literally can't go tits up.** + +However, this game of grab ass only works so long as the market allows firms like GE to stay solvent. If enough of these corporations with credit line obligations default - we are fuk. + +And this is why the externalities are throwing a monkey wrench into Wasabi snooter time. If no companies are operational because beervirus wants siesta time, and meaningful gross domestic product stops the Production part, it doesn't matter how much appetite the Eurozone has for bondage, the interest payments will eventually not get covered. + +Corporate credit is 50%+ BBB or lower rating - absolute junk. Sound like 2008 all over again? It is. + +https://preview.redd.it/t0m4c2gs0dm41.png?width=720&format=png&auto=webp&s=7004a38680385fbdc767bd7d097a1b98ab40b201 + +Once a percentage of those corporate bonds are not paid, the whole securitized bond swap tranche is GUH, and Germany will restart the Weimar republic part 2. As that happens, the circus stops, and the entire world economy grinds to a halt. Any company with debt obligations it cant meet will collapse, the Euro will be worthless, the German Casino will finally get around to kicking Deutsche Bank out of the casino entirely, JP Morgan Chase will get absolutely reamed by daddy democracy, and the FED will be stuck being the cause of the collapse of the modern economic system - all because they wanted bigger numbers on balance sheets. + +This is not 1907, this is not 2008, this is not 1929 - It is MUCH MUCH worse. + +We won't know if the credit lines can stay liquid, but after today it looks as though the fed wants to keep the flood gates open for when the liquid capital is needed. Of the 500 Billion offered in adition to the "normal" \~200 billion offered, only 90 billion was taken by JP Chase Morgan and buds. + +And so while everyone is happy making tendies off puts, seriously be aware of the implications, because the Fed and Co. are tryna fly to the sun, and might end up getting burned. + +# TLDR - + +# IEUR, EEM, SPY PUTS $1 Strike, September, diamond hands you might be in the money by August, watch those long D/E ratios, and what Q2/Q3 earnings look like for heavily leveraged corps like GE. + +&#x200B; + +edit: + +As of 20 minutes ago the Bank of Japan introduced added stimulus of 1.9 billion in japanese bonds and \~14.12 Billion in direct lending. This credits my thesis that governments are just trying to keep governments alive. + +If we start seeing banks offering direct lending lines in addition to large bond purchases, it lends to the credibilty of the thesis and that - infact - the goal is to amortize out the losses to a later date through financial engineering. + +I would like to point out I did not come up with this scheme, I just lined up the shapes as a potential financial framework. Hopefully the square goes in the square hole and the triangle goes in the triangle hole like my wife's boyfriend's son can do. + +&#x200B; + +edit 2: I'm not an economist nor do I work in stonks or financials for a living. Everything in this I've formulated through my own thought processes and self-education. I would say also, I'm not advocating that the world is ending, I'm bringing up the thesis that the economy might actually be saved by these measured if they are balanced properly by institutions. + +&#x200B; + +# +Here are my 2014 mistakes. all this stuff has been talked about here but I thought some of you may enjoy reading this: + +My mistakes: + + +* Let parents convince me to live in an unnecessarily expensive apartment. + + +I got a fairly high paying job straight out of college. My parents (who never had much money) convinced me to sign a 1 year lease at a place that is very expensive in my area ($900/month rent). There are apartments right across the street that are fine and cost $300/month with a roommate. I could have $7800 extra in AFTER TAX money by going with the cheaper place. It was nice to live is an upper scale complex, but nowhere near $7800 nicer. Obviously this will depend on how much value you place on your living situation - but don't underestimate rent. That shit is a money suck and it sucks to be locked in for a full year. + + +* Ate out way too much + + +It's been said a million times on here and it's 100% true. If you eat out regularly you can probably save $50-$100 per week or more by learning to cook. Master a few different bulk crockpot meals if you're crunched for time. You can easily make cheap and nutritious meals that require minimal effort. The only thing stopping you is your own laziness. Seriously though - you'll be healthier, you'll save, and being able to cook is a big bonus with the ladies. + + +* Spent too much at the bars + + +Unfortunately the social pressure to drink excessively when going out didn't end with college for me. People may pressure you to keep up but you gotta learn to tell these people to fuck off. If you're set on getting drunk and going out...find a friend who lives close to popular nightlife areas so you can pregame with your own beer and avoid spending a 500% premium on drinks at the bar. Bring a flask if you have to but try to keep drinks at the bar to a minimum (I do 2 or 3 max). + + +* Didn't sell stuff I no longer use + + +You have likely accumulated a bunch of shit over the course of your life that you no longer use but has value to someone. I recommend keeping anything that has sentimental value to you. However, put anything else on craigslist and sell the shit out of it. I realized that I haven't played guitar in over 5 years and it's unlikely I'll ever play again, so I sold my guitars. I went to my parents' for Xmas and took back with me everything I thought I could sell. Reduced clutter at my parents' house and the craigslist sales will net me enough to max out my Roth IRA. Should have done this long ago! + + +* Impulse bought things + + +My first time bringing home a big paycheck led to me buying a fair amount of unnecessary crap. Don't do this. + +Overall 2014 was a great year for me as I've put myself in a great spot financially but it kills me to know I could have $7800 extra bucks to play with had I lived in the cheaper place + +What were your biggest mistakes? I'd love to know what to avoid in the future. + + +I've been seeing posts lately about getting yourself a strong financial support team, but nothing about a strong mental health support team, we're all about to go through an INCREDIBLY shocking event, and afterwards we're gunna need help processing all of this, and learning and unlearning behaviours. So I wanted to highlight some reasons why apes should consider therapy. + +First off, I can't stress enough how amazing having someone to talk to about anything is. You're paying these people to listen to and help with your problems, and it's wonderful. + +Second, I can imagine a lot of you are like myself, and have trouble saying "no" to people in life. Therapists can help with this, I have gotten significantly better at saying no to people, but I still struggle with those closest to me, learning this early will save you a lot of frustration in the long run. + +Third, you want a team if you're dealing with any mental health issues like myself. You're gunna want a psychologist to help with any diagnosing and any psychotherapy you may need or want, psychiatrists are for medication needs if you choose/need to go that route, and there's absolutely no shame in this. Then there are a plethora of different therapists out there to help with any other needs you may have, and your team of doctors can help assess all of that with you. The best part is, we no longer need to worry about what prices they may charge. + +Fourth, the shock of getting this kind of money and what to do next with the rest of your life. No matter your age, we're all gunna walk away from this with enough money to retire happily. What to do with the rest of your life may be harder to fill than you realize. I just turned 27 a few weeks ago, I've got a lot of life left to live, I'll run out of places to visit and things to see, and I know I'm not the youngest ape here. Eventually the novelty of travel or sitting on a beach drinking from a coconut everyday will wear out. Maybe some of you this doesn't apply to and you can spend the next 40+ years living on a beach, but most of us won't be able to easily transition from a working life to a non working life. This is another great reason for therapy, to help transitioning our lives to a non working life, they'll be able to suggest ways to stay active, or ways to deal with the long periods of your day where there isn't much to do cuz you're bored with absolutely everything. + +Fifth, you may find the money going straight to your head, and a therapist can help keep you grounded in reality and not let the money turn you into a raging doucher. + +There are countless more reasons to go to therapy, but I think these are some solid starting points that we're all gunna need to consider. + +Much love and peace ✌ + +Obligatory 🚀🚀🚀🌕🌕 + +Edit: typo +Something my Grandma taught me about saving money was to not think of money as an abstract concept, but to consider it my blood sweet and toil. X Dollars = X Hours of a demeaning job. X Dollars = X Ramen packets. If I wanted to buy anything, I'd ask myself if I'd work X hours for it. If I wanted to go to restaurant or grab some fast food, I'd think how much more food I'd get if I made it myself or bought bulk. + +It becomes a methodology of mindfulness when it comes to spending. It may make you seem like a penny pinching miser to your friends, but it's like that old parable about the Grasshopper and Ant. When winter comes, you can survive with your larder. +# The Definition Of Market Manipulation + +>"Market manipulation is the act of artificially inflating or deflating the price of a security or otherwise influencing the behavior of the market for personal gain." - Investopedia + +According to most retail investors this means that market manipulation is when an entity with a huge portfolio that buys or sells a large amount of stock can cause large price movements. This is one type of market manipulation, but not what I want to talk about today. + +# How in 1930 Wyckoff Described What's Happening Today + +[Richard D. Wyckoff](https://preview.redd.it/jfq1d7i1jl671.jpg?width=324&format=pjpg&auto=webp&s=98352e65b50029f9800386a189ff4ca63498b2cc) + +**Who Is Wyckoff?** + +>*Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.* + +**Why I'm Including it in This Post?** + +>*From his position, Mr. Wyckoff observed numerous retail investors being repeatedly fleeced. Consequently, he dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money.” In the 1930s, he founded a school which would later become the Stock Market Institute. The school's central offering was a course that integrated the concepts that Wyckoff had learned about how to identify large operators' accumulation and distribution of stock with how to take positions in harmony with these big players. His time-tested insights are as valid today as they were when first articulated.* + +Basically in 1930 near his death he started writing books about what he learned during his life to make retail investors understand the market better, illustrating all his knowledge in a reddit post is impossible and today I want to focus only on market manipulation. + +# Who Is The "Composite Man" + +>*“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”* (*The Richard D. Wyckoff Course in Stock Market Science and Technique*, section 9, p. 1-2) + +Based on his years of observations of the market activities of large operators, Wyckoff taught that: + +1. The Composite Man carefully plans, executes and concludes his campaigns. +2. The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.” +3. One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it. +4. With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them. + +# The Importance Of Liquidity + +Let's say a stock is sitting at $20 but a "Pro" thinks it could make it to be worth $40, large investors may not accumulate a high number of shares at one time as this would cause a sudden change in the stock price. Instead they will take advantage of weak market sessions to slowly accumulate their target number of shares. + +Once they have accumulated their target number of shares and want to sell for the same reason as before, they can't unload everything at once or they would affect the market again. + +But how can they unload their shares at maximum profit? Through manipulation. They can do it by making that shady little company look like it will become the next Apple, and they manipulate the newspapers to do it. + +[FOMO](https://preview.redd.it/qk0fym64jl671.jpg?width=1024&format=pjpg&auto=webp&s=421ec213d68d35351c50af5cd78057d471d75712) + +They create FOMO (Fear Of Missing Out) in small retail investors, and that brings a lot of volume on that stock. If you thought the goal of the market makers was to inflate the stock price through this type of manipulation, you're wrong. + +Consider an institutional investor who bought 5,000,000 shares of a company at $1 that now sits at $3, has a lot more information about that company than you do, and knows that company is bad and likely to release bad news in a few weeks. Everyone knows that in order to sell something you need a buyer willing to pay the price you're offering, so how can he dump 5,000,000 shares of stock unnoticed in a few weeks and get away with it? He's going to start making people think that this company has something very big coming up, that he's going to make a 500% move and you're going to miss out. People start "FOMOing" and bring huge volume to that stock, with more people willing to buy he can sell all his shares faster and get out of that stock as quickly as possible. He doesn't care if the stock makes a 100% move in the meantime because of this sudden interest, he only cares about getting out. And guess what, later on, when the bad news is released, the market maker will be the winner while a lot of retail investors have been burned. + +&#x200B; + +>“You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. **This is not mere accident.** +> +>**The whole move is manufactured.** Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves.” + +This was written in 1930! 90 Years ago! Buy the rumour sell the news. + +# Market Manipulation 5.0 And How You Are Helping To Make It Happen + +After what happened with meme stocks in the last month a lot of people started looking to invest, without any knowledge and trusting the advice of people on reddit and other social media many found themselves losing a lot of money on some stocks that look very good. + +&#x200B; + +What is happening now is that some big institutions probably pay influencers and use bots to make some companies look much better than they really are. The problem is that many people trust other DDs (Due Diligence) too much and end up thinking that a stock is really good and they buy some stocks. What's worse is that a lot of times people who have invested in some companies end up becoming like extremists and start "propagandizing" when they see that they are losing money. + +&#x200B; + +Basically what is happening is that I (and probably you too) am noticing a lot of people or groups who buy for example a stock at $10 because it is full of potential (pumped by a market maker) and when they find themselves owning it with a 30% loss they start trying to convince people that it will soon go up. This is ethically wrong and to avoid getting caught in this you should ALWAYS do your research. If you don't know how to research ask the person who posted the sources. + +# How Can You Stop Losing Money On Bad Stocks + +* Don't trust anyone, do your own research +* Ask for sources from those who publish DDs +* Stay away from stocks that come from scam countries +* If you see a lot of people saying a stock is going to go up stay away +* Don't buy a stock that people say will CERTAINLY have good news coming (example: "stock X will get FDA approval next week" usually won't and will fall into oblivion) +* If you're losing on a stock, stop saying on social media that it will surely rebound +* If you buy a stock you MUST stay current on it, you can't just buy and forget about it +* If a stock has a news related to a sector unrelated to it stay away (for example a tourism stock says it will do something in the hot sector of the moment, this is usually done to temporarily pump up the stock) +* SELL THE NEWS + +# Conclusion + +English is not my first language, I hope I have expressed myself correctly. I used information from StockCharts and Financial Post. I know this is a different post than the average one here, so I hope you enjoyed it! If you have any questions write them in the comments or send me a DM! You can follow me here on Reddit to stay updated on my posts! +Throwaway account. 62 yo, still working, $18 mil NW (todays numbers, super volatile up and down), living in MCOL area, would like to retire in 2-3 years: less than 67 is still officially early ;), maybe move to a HCOL area. + +I hope that you would be entertained by this. I moved to US from Eastern Europe as a scientist when I was 30 (with no money whatsoever). You can't get much savings when you are a postdoc, either. Sold our apartment in my native land for 30K (really, this was the USD price of a decent three bd apt over there in 1997) and used 20K of the proceeds to start investing in 1998 at the ripe age of 40 (some of you already fatFIREd by this age). Run up that account to 500K in 2000 mainly due to the "internet bubble", then promptly lost everything apart from the 75K remainder and $20K in the second separate brokerage account. That 75K I invested as a house downpayment (thanks to my dear wife, otherwise all in that account would be lost). + +Used my work 401K a bit aggressively during 2002-2008 and built that account (as much as you can do with mutual funds) to 50K in 2007, then proceed to lose my job in 2008 and stayed unemployed for almost two years. Not easy to find an academic job when you are 50 and did not get tenure; oh, well, water under the bridge. Subsequently to the job loss, I converted my 401K balance ($50K) to IRA, which gave me more freedom to invest. Even before that, I had an inkling that market was going to go down, sold all mutual funds before the job separation, went to literal cash, then bought back in IRA during 2009, almost at the exact bottom, went with very aggressive investment into growth stocks from 2009 to 2011; got some job back in 2011, low pay at first (as an adjunct, being paid peanuts), but my wife was thankfully working so we managed. Small business ventures did not work out at all in 2008-2010, maybe bad ideas or implementation. + +In 2012-2013 I got investment in several biotechs right (as you know, they are prone to either a spectacular collapse or a similarly amazing rise) and my IRA account reached 400K, with my second small brokerage account rising to $100K ($500K total). In late 2013 (at 55 yo) got bitten by the bitcoin bug and decided to "re-balance" my portfolio-used 100K to buy bitcoin (1 year long DCA in a declining market-not fun) and moved 300K out of 400K IRA into cash (for some counterbalance to the 'crazy' bitcoin move), then invested the 100K remainder in high beta growth stocks. + +Long story short, after two brutal crypto bear markets each of >80% loss and subsequent recoveries, my crypto portfolio (currently mostly bitcoin with a sprinkling of eth and alts) is at $17mil or a bit above with all IRAs (Traditional:Roth=9:1) at about $1 mil (that 300K is still in cash/short term bonds-my saved "seeds" for after a possible "bad season"-still scarred by the 2002 and 2008 double-tap collapses, I guess). The portfolio $$ numbers are unexpectedly high right now in comparison with the initial investment, that is a given. + +Interestingly, my current salary (full time teaching professor) is the best I ever had at 93K or so-peanuts for most here, but I am used to modest living with a couple of weekly vacations/year in some nice or exotic places, eating out when possible, etc. Our family yearly budget (last year $150-160K) can be easily cut down to 100K-120K if we want to decrease expenses (wife's job is not on a very solid ground). I am not used to large expenses, but not really a frugal person per se. + +I know that diversification is a big theme here and I used firecalc with some high numbers for expenses such as $400K a year-still no calculated chance of losing all until I am 92 or so (providing, of course that I convert to cash or low risk/low return investments right now). + +I guess the point of this writeup is to show participants that you can make it to fatFIRE levels with lower salary, which is somewhat unusual here, but to get there in a relatively short time you would have to take big risks, and if you are taking big risks, do not count your current $$ as 'definite' and/or 'guaranteed'. I am a bit relaxed about it because I am older and I never used the accumulated wealth so far, so it is just some number on a piece of paper, digits at the online brokerage account or on a blockchain, lol. It all feels like a number game sometimes and not real. Maybe some of you have the same feeling as well. + +I am not sure that I will truly fatFIRE (I obviously can if everything freezes as it is). +I simply enjoy doing something that I am used to do (beforehand it was research, now College level teaching). I would have to decide by 65 if I want to do that (if I live until then..covid, etc) as after 65 it is not really FIRE, isn't it? + +I do not currently plan to sell my cryptos or stocks, unless both crypto and stock market crash simultaneously and we would be clearly going into a Depression (an unlikely scenario), but would like to get some tips on how to be wealthy, such as whether it is advisable to buy several homes or at least apartments in a nice place (Bay area, NY, LA, London, Vancouver) or have a single home (maybe in a HCOL area for appreciation) and then travel. I looked at some Bay Area homes because of the weather and, boy, aren't they tiny for a $3mil and above price tag, maybe LA is better for the buck? One place I am thinking about for sure is a high-rise apartment (NY or LA-just for the views and culture/art, sq footage is not very important). Monaco (to see Formula one yearly and appreciation, of course)? Use wealth managers for a passive portfolio in conservation mode or do everything yourself? After all, how much insight do you really need to buy VTI or VTSAX/VTIAX combo and hold for the duration? More importantly, how to preserve wealth for future generations? South Dakota trusts, for example, are they worth the expense? How do you manage to ensure (as much as possible) wealth preservation in a second gen? Spread the wealth to more relatives, not just an immediate family, target it to some family member accomplishments (college, graduate school, grandchildren, etc.)? + +To conclude my verbose post, it is difficult to change the current modest lifestyle and I would like to get some help on how to grow into the fatFI status, if I may. Thanks. + +EDIT: I am very thankful for many wonderful suggestions (stock, RE, dynasty, etc.) and ideas and I can take criticism as well. I will try to answer questions and explain my investment philosophy as a response to one or two popular or relevant posts below, if anyone is interested. +**INTRO** +Yesterday I started a possible God Tier DD of how the DTC Mafia has expanded his net to EU after WWII and through Spain dictatorship Francisco Franco and [Florentino Pérez](https://www.reddit.com/r/Superstonk/comments/mwdh0r/the_eu_artifact_of_the_dtc_mafia/). I know that is a very deep and large series, that needs much work and more explanation because is something global. This is the first big chapter that tries to show you how actions made on GME saga is a systemic modus operandi of the DTC Mafia and how important is to keep holding until the end, not only for us, but for the integrity of our future. + +**TL;DR- Credit Suisse, UBS, Auriga, Morgan Stanley, BBVA and J.P Morgan have used the strategy we have seen applied on GME many times. I checked the Spanish bank Bankia scandal, that was merged with Caixabank on 26 march 2021 (how convenient) to show you how it was all fruit of the DTC Mafia.** + +**Get ready because this involves Big short, DTC and GME.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**#1** **EDIT: My opinion of how is related with GME. (Just for clarification).** + +**DTC** [**participants**](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) **(Mafia)** is using the same exact strategy with other stocks, not only with GME or in USA. Credit Suisse and Nomura holdings were heavily affected by Archegos' margin call (one of GME big shorter). They also are totally involved with Bankia. + +I believe that GME has followed the same steps, but now they failed because we entered step 6 and they never expected us to buy&hold and counter it like we are doing. Every single ape buying and holding is a real hero. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Strategy** + +1- Control the board of directors to make sure they will manipulate the results of the company in your best interest. Make sure is a stock (with an IPO if is a private company) that is complex to understand or that is expected to fail, so if it does none will care. + +2- Pump the value of the company with results and mass media manipulation. This way retail investors invest in you and your assets value is hugely inflated. + +3- With the assets inflated enough to be too big to fail, you get a huge debt or sell your assets because you will have to pay big money to DTC mafia & friends. This massive sell is hidden with step 4. + +4- Dump the value of the company with unexpected bad results, mass media manipulation, mass naked short, mass short selling from your retailers with manipulated brokers and mass FUD selling. This way you kick all the retailers (stealing them on the way) and force a rescue from the government. + +5- Inflate value of your assets to give big dividends. The favourite way is with a merge of an other company that you have drained and the corpse needs to be hidden. + +6- Prepare a sale merging or total bankruptcy. Repeat a pump and dump (steps 2, 3 and 4). + +7- Laundry time. Merge is made, so you sell all the assets you got on the sale to your real state friends and put the cash on crypto. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Bankia scandal in more detail.** + +Here you have the [case study](https://catalystsforcollaboration.org/case-study-bankia-corruption-scandal/) of the scandal and a [summary](https://en.wikipedia.org/wiki/Bankia) of events. This book explains it all: **Crisis Elections, New Contenders and Government Formation Breaking the Mould in Southern Europe.** + +**Step 1.** + +Big short happened and we are on 2008, Lehman Brothers is going bankrupt and you apply [step 7 of the strategy with Nomura holdings.](https://www.nomuraholdings.com/news/nr/holdings/20080922/20080922.html) This also affects Spain & Portugal because you have a big division there and your CEO needs to fix the situation too. So you call [Luis de Guindos](https://en.wikipedia.org/wiki/Luis_de_Guindos) and make sure he becomes the prime minister of economy with [illegal funding](https://english.elpais.com/politics/2021-02-09/in-spain-new-trial-puts-spotlight-on-popular-partys-illegal-funding-scandal.html). + +Then you make a bought board of directors to create a [big pile of corpses with a private company](https://english.elpais.com/elpais/2017/03/15/inenglish/1489573772_758618.html). + +Get your [executive arm out and make him enter the EU central bank](https://english.elpais.com/elpais/2018/02/19/inenglish/1519050947_937366.html), is time to prepare an IPO with $US 23 Billions that will be stolen [from the civil pensions](https://www.thelocal.es/20130322/give-us-back-our-stolen-money-pensioners/). You know that what you are gonna do will be a massive problem in the future and you will have to put an [austerity](https://english.elpais.com/elpais/2016/03/15/inenglish/1458043447_291799.html) because EU won't pay you the party otherwise. BTW, now they [claim](https://english.elpais.com/economy_and_business/2020-12-08/brussels-urges-spain-to-reform-pensions-and-jobs-in-return-for-eu-funds.html) that is citizens fault... obviously. + +**Step 2** + +In 2011, Bankia listed itself on the stock exchange and carried out an Initial Public Offering (‘IPO’). Over 300,000 shareholders invested in Bankia for 3.75 euros per share and with this, the conglomerate was able to raise ([with fraud](https://www.theguardian.com/business/2012/jul/04/bankia-board-investigation-corruption-claims)) 3.2 billion euros. + +In May 2012, Rato announced that Bankia had recorded profits upward of 300 million euros. Shortly after making this claim, Rato resigned from his post amid rumors regarding Bankia’s insolvency and, in June 2012, [José Ignacio Gorigolzarri](https://en.wikipedia.org/wiki/Jos%C3%A9_Ignacio_Goirigolzarri) (DTC executive arm on BBVA) took over as the new president of Bankia. + +"In November 2012, within seven months of Rato’s announcement about its profit rates, Bankia announced that it was suffering a loss of 14 billion euros and was in urgent need of a bail-out. "Spain to [inject €19bn](https://www.ft.com/content/b20f5254-f72b-11e1-8e9e-00144feabdc0) into Bankia. + +**Step 3** + +In 2013, Bankia returned to profitability. (Over inflate your assets value). + +On 28 February 2014, Spain sold a 7.5% stake in Bankia for €1.3 billion. The shares were sold at €1.51 each. Further divestment was expected for 2014 under the rescue programme, but did not happen. + +On 7 July 2015, Bankia paid the first dividend in its history €0,0176 per share. On 16 October, Bankia completed the sale of [City National Bank of Florida](https://en.wikipedia.org/wiki/City_National_Bank_of_Florida) for $883 million to Chilean bank [BCI](https://en.wikipedia.org/wiki/Banco_de_Cr%C3%A9dito_e_Inversiones). The bank was bought by Caja Madrid for $1.12 billion in 2008. At the end of 2015, Bankia had fulfilled two years ahead of schedule all the targets set by the [European Commission](https://en.wikipedia.org/wiki/European_Commission) in the BFA-Bankia Group Restructuring Plan. The bank also reported the best efficiency, solvency and profitability among the six largest Spanish banks. + +**Step 4** + +Mass media FUD, bad results, a massive [naked-shorting](https://www.reuters.com/article/bankia-shares-idUSL2N0E41ZS20130523) and stealing money from small/retail investors. + +"Share prices crashed to an all-time low of 0.01 euros. Bankia was considered key to the nation’s banking sector since it was the fourth-largest bank in Spain and held ten percent of Spain’s citizens’ total bank deposits. To avoid a collapse of the entire banking sector, the government stepped in and bailed out Bankia by partially nationalizing it. The 19 billion euro raised for the bailout was part of a larger debt that Spain had acquired from the European Union." + +"XNet analyzed the bailout plan and realized that a seventh of the amount was being used to rescue Bankia, a bank that was claiming profits of over 300 million euros only seven months ago. As collateral damage, Bankia’s 300,000 shareholders – mostly unemployed, elderly and families –had collectively lost over two billion euros due to Bankia’s sudden downfall. It was clear to the activists that a sudden need for a 19 billion euro bailout from the government and the steep fall of the share prices were extremely implausible unless there was maladministration and misrepresentation by the executive running Bankia." + +Guess who are the naked shorting specialists? **Credit Suisse, UBS, Auriga, Morgan Stanley, J.P Morgan and BBVA.** + +[Link to a Spanish detailed explanation.](https://www.gesprobolsa.com/bankia-escandalo-bursatil-negocia-mas-acciones-que-titulos-hay-cotizando/) (I'm sorry, but he proves it very well). + +**Step 5.** + +On 23 February 2016, [Fitch](https://en.wikipedia.org/wiki/Fitch_Ratings) raised Bankia's rating to "BBB-", restoring the bank's rating to investment grade. On 8 September, Bankia announced that it was included in the [Dow Jones Sustainability Index](https://en.wikipedia.org/wiki/Dow_Jones_Sustainability_Indices) with a score of 84 out of 100. + +On 27 June 2017, Bankia agreed to acquire state-owned bank BMN (Banco Mare Nostrum) for €825 million in an all-stock deal. BMN was the result of the merger of the savings banks Caja Murcia, Caja Granada and Sa Nostra. On 3 November, Bankia announced that it was listed in the CDP Climate Change report for 2017 as one of a group of 112 global companies leading the fight against climate change. The restructuring period will end on 31 December 2017. The deadline for the privatisation of Bankia was end-2019, however, in December 2018 the Government decided to postpone the privatization until end-2021. + +On 27 February 2018, Bankia announced that it plans to pay €2.5 billion to shareholders over the next three years as part of its 2018-2020 strategic plan. It aims for a profit of €1.3 billion in 2020. + +Obviously, [overpaying](http://www.dividendsranking.com/Bankia-dividend-yield.html) them. Other source [here](http://www.dividendsranking.com/Bankia-dividend-yield.html). + +**Step 6.** + +Prepare the merging with your friends (Florentino Pérez & DTC mafia) over lending money to your future buyer (Abertis is a company of Caixabank).“2017. Florentino Pérez, president of ACS, has only earned the trust of Bankia and BBVA in his syndicated 'macrocredit' of 15,000 million euros to face his 'counterOPA' against Abertis. Or at least both entities are the only two that appear in the banking pool formed by 17 entities with which the construction company, through its German subsidiary Hochtief, which is the one that is truly behind the listed Catalan.” + +The 17 members that financed him for only 1 of the multiple Florentino's projects around: + +With 1,049.8 million euros each: Commerzbank, HSBC, JP Morgan, Mizuho and Société Generale. + +The syndicated is completed with another dozen entities that have contributed 809.5 million each. In addition to BBVA and Bankia, this group includes Barclays, Credit Agricole, Bank of China, ING, Landesbank Baden-Württemberg, The Bank of Tokyo-Mitsubishi, Natixis, Royal Bank of Canada, National Westminster and Sumitomo. + +Dump value again: Bankia may not meet [dividend target](https://www.reuters.com/article/health-coronavirus-spain-bankia-idUSL8N2BK4A4) due to coronavirus (this time was easier than expected). A SEC [report](https://sec.report/Document/0000950103-20-021368/) from Bankia justifying their lost of 75% on their assets value just before merging with Caixabank. [Spanish notice to the 75% lose.](https://valenciaplaza.com/desplome-bankia-bolsa-frob-nacionalizacion) (I couldn't find it in english). + +***Risk of non-recovery of certain tax assets of the Bankia Group*** + +At 30 June 2020 the Bankia Group had recorded deferred tax assets amounting to €10,449 million (€10,421 million at 31 December 2019) (see section 18.1). + +As regards the recoverability of deferred tax assets, it should be considered that, in accordance with Royal Decree Law 14/2013 of 29 December 2013 on urgent measures to adapt Spanish law to the European Union regulations on the supervision and solvency of financial institutions, and the provisions of articles 11.12 and 130 of Companies Tax Act 27/2014 of 27 November 2014 (Ley del Impuesto sobre Sociedades, or “LIS”), at 30 June 2020 the Group has deferred tax assets amounting to €7,441 million (€7,466 million at 31 December 2019), which would comply with the provisions of the aforesaid regulation, so its future recovery is guaranteed through the monetisation mechanisms established in RDL 14/2013 and article 130 of the LIS, mentioned above, taking into account the modifications introduced, for tax periods starting on or after 1 January 2016, by Act 48/2015 of 29 October 2015 on the General State Budget for 2016, although for this purpose a financial contribution regulated by the new Thirteenth Additional Provision of the LIS must be paid. In this regard, the Company expects to pay the financial contribution included in the Thirteenth Additional Provision of the LIS in 2021, in July 2020 having paid the financial contribution corresponding to 2019, which amounted to €96 million. + +Additionally, the future recovery by the Bankia Group of deferred tax assets other than those mentioned above is subject to various time limitations depending on their origin. Thus, a period of 15 years is established for the deductions to encourage the performance of certain activities, with the exception of the deduction for research and development and technological innovation activities, for which the setoff period is 18 years. On the other hand, there is no time limit for the recovery of timing differences, for the setoff of tax losses and for deductions to avoid double taxation. However, in the event that in the future: + +**(i) the Bankia Group does not generate profits (or profits are insufficient) within the period allowed to offset the non-monetizable tax credits; (ii) the companies tax rate is reduced; (iii) errors are detected in the tax assessments made or discrepancies are detected as a result of verification by the Spanish tax authorities that reduce the tax assets or credits; or (iv) there are changes in current legislation or in the way in which it is applied or interpreted, the Bankia Group could be restricted, partially or fully, in the possibility of recovering the amount of these tax assets, in which case there could be a substantial negative impact on the business, results and/or the financial and equity position of the Bankia Group.** + +**Step 7.** + +On 4 September 2020, it was confirmed that [CaixaBank](https://en.wikipedia.org/wiki/CaixaBank) and Bankia are negotiating for a potential merger. The merger would create the biggest domestic bank in Spain with assets of €650 billion.The merger was effective from 26 March 2021. + +And this is how has ended merging with [Caixabank.](https://en.ara.cat/business/bank-bankia-banking-symbol-collapse-spanish-economy-disappears-stock-market_1_3915472.html) + +"In just a few years, Bankia went from being the solution to Spain's banking chaos to being its main problem. Twelve years later, it will disappear swallowed by CaixaBank, in a takeover disguised as a merger; a week later, Rato found out that the prosecution wants him serntences to 83 years in prison in the trial on the possible money laundering that made him leave the IMF and join Bankia." + +Guess who [bought](https://www.ft.com/content/7cb8abae-01e3-11e9-99df-6183d3002ee1) the sale assets of Bankia? **Lone Star Hedge fund.** Who is the Founder & Chairman? [John Patrick Grayken](https://www.forbes.com/sites/nathanvardi/2016/03/01/the-billionaire-banker-in-the-shadows/?sh=613ee2c44a84). Big Short famous [banker](https://www.gov.bm/sites/default/files/SC1007-Kate-R-W-Grayken-v-John-P-Grayken-2010-SC-Bda-33-Civil-5-July-2010.pdf). + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +You can see that this is nothing new and there are countless examples. Bonus one, Florentino Pérez [overinflated](https://www.vozpopuli.com/economia_y_finanzas/empresas/acs-florentino_perez-marcelino_fernandez_verdes-hochtief-bbva_0_673432678.html) ACS stocks to dodge the margin call from BBVA bank when **ACS group** merged with **Hochtief AG.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +\#1 EDIT: 23 April. +Anyone else trade the first 15 minutes then call it a day? I exclusively trade SPY, past several weeks I’ve been entering positions at open, usually puts. Today I bought SPY 360p’s at open for .94 and sold 1 minute later for 1.25. Too good to be true? +I am a student, unemployed. I can't get anything but I'm only really applying for jobs online. +What are the best methods to approach finding a job, any job and successfully landing at least maybe an interview! +Currently struggling with nervousness to enter the property market as a FHB with current economic uncertainty. + +I have a ~20-25% deposit for a property valued at 600k and have been pre approved. According to my budgeting I should be able to afford p+I repayments for interest rates of up to 7%. However this isn't factoring in cost of goods and services increasing due to inflation. + +Is this leaving myself with enough room to breathe? Or will I be too stretched? I will have the option to move back in to home and rent the property if need be. + +Can't help but feel really nervous with the rising of interest rates to come. + +Edit - I'm from outter suburbs of Melbourne +United Airlines claims to offer more US-China flights than any other airline. Chinese social media is up in arms about the incident, claiming it was racist discrimination - American media now reporting that the man who was removed said he thought it was because he was Chinese. Now, media is reporting that the UAL CEO doubled down and called the man "immature" - this right here turning into a whole new controversy. + +Give it a couple weeks, see if other airlines, especially those servicing China, start ad campaigns based more around quality of service and comfort than previous campaigns - this will be the signal of really serious trouble for UAL. + +So put time? + +Edit: Yo what the fuck. Get this flair off here. +Snowge General + +https://t.me/snowgecoin + +TLDR: 1700 holders, SafeMoon fork, Contract ownership transferred to burn, LP transferred to burn(rather than into dev wallets like practically every other SafeMoon fork, randomized transaction fee of: 2%, 4%, 6%, 8% + +Longer TLDR: https://twitter.com/SnowgeCoin/status/1373924693858779141?s=20 + +Audit 3/25/21: https://snowge.s3.amazonaws.com/Snowge+Coin(1).pdf +https://twitter.com/SnowgeCoin/status/1375146844540526595 + +Chart: https://poocoin.app/tokens/0x5e9280d53f28281ce098c8f64e49f5f5dc9ea185 + +Site: https://snowge.xyz + +bscscan: https://bscscan.com/token/0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5E9280d53F28281Ce098C8F64e49F5f5DC9Ea185 + +Why should I buy this and not the random Safe____ fork that just came out? +-Decent chance its just a straight up rug. +-Decent chance its going to rug after they pull the LP that SafeMoon forks all get in their wallets. +-The Safe___ fad is going to die soon after enough people get rugged, and they’ll look elsewhere +-Extremely active dev/marketing/mod team +-Tons of premade memes ready to go +-Survived the initial pump/dump +-It is only 4 days in, and with this recent dip the price is right +-Devs don’t own the major wallets +-Presale was max/min buy of 0.1 BNB, with a hardcap of 50 BNB(no presale whales) +-Charitable cause +-Active development + +For people that want to see deeper: https://pastebin.com/KJMYXEnb +First a disclaimer - I recognize I'm in a very lucky position and I hope none of this comes across as complaining. + +We (married no kids, early/mid 40's) reached our fatfire number a couple of years ago. That said, I feel like I can't pull the trigger on retiring for a couple of reasons: + +1. Right now my income is about 10% of our net worth which is difficult to walk away from. I am a risk-averse person in general and there are some "one more year syndrome" feelings. Curious about what ratios of income/net worth folks fatfired on. +2. I love most of my job. There are parts that are really annoying (mostly political/people stuff) that aren't about time and more about mental drain. I am working with a coach to let that stuff roll off my back more. There are also aspects of the job that are starting to get boring to me. +3. I have gotten my hours down to 25-30 hours a week. If things ever go back to "normal" I will be in the office \~2 days a week. I can also have 1-2 month stints where I can be fully remote which means that we can try out digital nomading which has been a dream for a while +4. I'm incredibly fortunate to have my job. It's not one that folks with my background typically get and it feels silly/ungrateful to throw it away when I literally get an email a week from folks trying to break into the space asking me "how I did it" + +The main reasons I'm thinking of quitting are: + +* I can afford to and my spouse had a scary health issue a few years ago that thankfully is better but it made us realize how short life is +* The political stuff really does get me down. Maybe once every 2-3 weeks I just throw my hands up and think "this simply isn't worth it". But then I look at the above and think I would be crazy to walk away + +Any advice would be helpful! +Jesus I have never seen shit like this before. + +Looking at the GME option chain, the Feb 05 options have an insane IV of 725%. + +The $5 P are selling at $0.15, that is 465% annualized return. + +The $15 P are selling at $0.55, a 650% annualized return. + +I sold some $20 P at $0.9, an insane 980% annualized return on a 95% OTM position + +&#x200B; + +Edit: too bad, my broker halted any new open positions on GME, so we can't sell more juicy premiums but we can only close them +I used to think it doesn’t matter whether you roll on a green or a red day because - let’s say you’re rolling a put - on a green day, the extra money you make compared to the previous day from buying your put to close is cancelled by the money lost compared to the previous day on the new put you’re selling. Since puts generally gain value on red days and lose them on green days. + +But I realized that movements in the underlying have a greater impact on shorter dated options than longer dated ones. This means if you’re planning on rolling a put, it’s best to roll on a green day since the premium on the put you’re closing has had a larger % decrease compared to the previous day than the new put you’re opening. And the best days to roll calls is on red days. + +Is my thinking correct? +So I finally switched from tasty to ibkr. + +- I primarily trade futures options. ibkr all-in commissions are $1.5 to $3 lower on each side of the trade i.e. $3-6$ savings on round trip! + +- they’re paying 3.8% interest on idle cash (0% at tasty). Majority of the time 70% of my BP is idle. + +- yes they charge for market data but commissions on a single trade will cover those easily. + +- their platforms are difficult to use. I’ve found the mobile app but easier to use for options but still takes getting used to. + +- so far my exp with their customer support is subpar. That’s the only thing I’m concerned with if/when I need them in future… + +I love the tasty intuitive platforms and customer service but the savings are too great to ignore. +My 138 and 137 strike puts I sold got assigned. I had collected $500 each as credit. + +Now I want advice on wheeling it. + +For the 138 puts that got assigned last week I sold a call at 131 strike for $750 exp 11/12. + +Now I have to determine what strike price and expiration I should sell the 137 puts I got assigned. + +Do you guys prefer a short expiration really close to ITM because I don't care if the shares get called away? + +I could do 136 strike exp 10/29 for est $450 credit. + + +Or I could do 143 strike exp 11/26 for est $500 credit. + + + +What do you think? +Edit: Spoiler alert, no! Mainly due to tax considerations, losing principal from erratic market movements, etc. These were all things that I had been thinking about, but this discussion has helped bring those risks more front and center. Thanks everyone for your input, I'll try to reply to the more serious replies in the coming days. + +I'll still try my hand at options trading for a bit, post the obligatory "I am financially ruined" post in a few weeks time. See you then! + +--- + +I'm new to actually trading options, though I'm generally familiar with the concept/terminology. + +I've been looking into selling covered calls to generate some income each month, and I'm wondering what I'm missing because it just seems too good to be true. My strategy would be to sell covered calls of some index (probably SPY since I would hold that anyway etc.) a few days out from expiry, 2–3 times a week. + +From what I can tell, the only risk is that I am assigned and lose out on the upside. But I'm planning to only sell calls that are sufficiently OTM (<0.15-ish delta), so I am thinking that risk is minimal unless there is extreme volatility. Plus, I'd just re-buy the underlying index again anyway and repeat. + +Quick napkin math suggests that ~3 SPY option contracts could generate ~$200-300 a week in premiums(!). If I take on more risk, it looks closer to $400-500. I'm currently thinking of taking a sabbatical, and this would be more than enough to cover my living expenses in most places around the world. + +It almost seems too good to be true, which makes me immediately suspicious. What risks am I missing? + +Thanks in advance for your help. I feel like I've discovered a whole new world these past few days, generally wide-eyed and excited to learn more. +Hey dudes, so I used to use Robinhood and Webull then switched to tasty works as the reviews here were really nice. After using it for a while I think i really don’t like Webull or tastyworks there’s just something about the UX of Robinhood that makes me want to go back. Can you guys give me reasons why I should stay with tastyworks or reasons I shouldn’t go back to Robinhood +Good afternoon! I’ve been holding some 110 AAPL sold puts exp dec 18. + +Glad I got some time as AAPL has been going down since I bought them. Best strategy is to just hold these for a while right? + +I’m comfortable buying at 110 for long term so it’s whatever, but man, I don’t have experience with a sold put being ITM this early. +I feel like these posts are rarely actually looking for advice as they are far too loosely structured. The OP almost never gives any indication of what they want from the future and it comes across as if they don't actually want advice but just want to tell people that they now have loads of money. + +If these people were really trying to find out what to do with the money they would actually read the material in the sidebar. + +I as well as many others come to this sub to help people to manage their finances and I feel like these posts devalue what we are trying to achieve. These posts can almost completely be answered with an automated response or just being directed to the sidebar and so are just clutter. +A little background. I currently earn £63k and my partner £23k, both of us late twenties. We are looking at buying our first house soon once we have an £80k deposit. We plan on having our first child in a couple of years and then hopefully a second a couple of years later. + +We are struggling to decide what our budget should be. Let me use two properties as an example. First, a £300k cottage at around 600sq feet, 2 small double bedrooms in a lovely area (although no off-street parking). It also comes with planning permission granted for a downstairs extension which we’d want to do either before we move in or sometime during our first year. We could see ourselves living here for 4/5 years until we have two young children and would have to move for more space. + +Second, a 1,000 sq foot semi detached £400k house in a nice area, not as desirable as the cottage but off street parking & garage with three bedrooms, ensuite etc. We would be able to live here a lot longer than 5 years. This particular house was a new build in 2014 where it sold for £260k! + +The issue we are having is that we want to make the most financially sensible decision. For the 400k house we’d be looking at £1,300 a month mortgage payments (at current interest rates) but this could obviously rise. I am happy to contribute more than my partner, as necessary, due to my larger income. However, would have less money left over each month for holidays, investments, etc. We could also go for a 30 year term instead of 25 year too. + +Should we buy a cheaper property for the space we currently only need or go more expensive but be able to stay there for a long time? + +Thank you + + + + +Yesterday was 95% algo and short manipulation. We know this, we can see the duped charts for GME and AMC, and we can see the short buy and sells driving the price down. + + +This means the true stock a value is still around 300. If the ladder attacks continue this week (which they will) the cheaper this stock gets, the more hilarious our realised gains are when the squeeze happens. + + +This presents an incredible buying opportunity this week, to load up and absolutely make 5-10x on your money, whilst killing the banks are the same time. +So we know that since friday kenny boi is scrambling to locate quality jars of mayo. This journey started from Teterboro airport in New Jersey, and possibly ended in Chicago. Following is the data, and reason behind how I got to the conclusion. + +NOTE 1: If you think that this is creepy stalking, this crosses the line, blah blah blah. Please ignore the post and scroll along. After all there are tons of other posts that you can read. + +NOTE 2: Please find holes in this theory(constructive criticism always welcomed) and do your own research, and let me know what are you thoughts on this. + +Okay the website I used to tracked his plane is [https://globe.adsbexchange.com/](https://globe.adsbexchange.com/). Since flightradar and flightaware blocked tracking on kenny's plane this is the best source available. If you have any other sources available please let me know so I can do my own research. + +NOTE 3: All the times and dates used here will be zulu time, and utc dates. + +O[n 2021-08-20 a private jet with tail number N302AK(kenny's primary jet) left teterboro airport at \~2:30 zulu time, and then landed at London stansted airport at around \~9:02 zulu time.](https://globe.adsbexchange.com/?icao=a326ca&lat=52.272&lon=-33.916&zoom=3.9&showTrace=2021-08-20&leg=1&trackLabels) + +[N302AK Leg -2. 2021-08-20](https://preview.redd.it/xareli9sgvi71.png?width=1920&format=png&auto=webp&s=a83a12f774e284cdf76d4ba2b730b08f3f8344f2) + +[Well this was a relatively quick stop, at around 13:02 zulu time(3 hours after landing) the plane was ready for take off from stansted airport](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-20&leg=3&trackLabels). I believe that this was a quick stop to sign some paper work and pick someone important up from London, and possibly some other airplane maintenance stuff. + +After picking up that special someone kenny boy went to paris, and spent the rest of the day there. + +[N302AK Leg -1. 2021-08-20](https://preview.redd.it/en0nbhd4hvi71.png?width=1920&format=png&auto=webp&s=aeadd520f1286307794db893712c4d0295ff6674) + +Here is where all the fuckery starts. + +On 2021-08-21, at \~8:30 kenny boy was ready to head to Chicago. Hence, mayo man and the special someone boarded the plane and went in the general direction on Monaca. I say general direction, because according to globe.adsbexchange.com the jet with tail number N302AK[disappeared at around 9:20 zulu](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-21&leg=1&trackLabels)time and it was a ghost plane(ie no way to track it) [for about 3 hours till 12:12](https://globe.adsbexchange.com/?icao=a326ca&lat=51.338&lon=-0.608&zoom=4.8&showTrace=2021-08-21&leg=2&trackLabels). Don't believe me check out the data for yourself. + +&#x200B; + +[N302AK Ghost plane 1. leg 1. 2021-08-21](https://preview.redd.it/ofwi8fijhvi71.png?width=1920&format=png&auto=webp&s=c9ff692c33059c40fc1254cf5fdece782ba69587) + +[N302AK ghost plane leg 2. 2021-08-21](https://preview.redd.it/dz6u2s3flvi71.png?width=1920&format=png&auto=webp&s=f3bdc392f02590d905ef79bf74e210b3dbfbed8e) + +What happened to this airplane in these 3 hours, no fucking clue. Maybe some with better plane data can help me out, BUT I FIRMLY BELIVE KENNY BOY WAS DROPPED OFF AT THE DE NICE-COTE D'AZUR AIRPORT. Why you ask? to take him back to Chicago. Let me explain how. A simple google search s[hows kenny owns 2 private](https://en.wikipedia.org/wiki/Kenneth_C._Griffin#Private_jets)jets. First one is N302AK which we have been tracking, second one? I don't know but after my post yesterday someone pointed out that [N421AL](https://registry.faa.gov/aircraftinquiry/Search/NNumberResult)has the same [registration address as N302AK.](https://registry.faa.gov/aircraftinquiry/Search/NNumberResult) So after that I started tracking N421AL(it matched description in wiki), lo and behold this on [2021-08-20 N421AL took off from chicago midway airport at around 22:46](https://globe.adsbexchange.com/?icao=a4ff61&lat=44.985&lon=-75.978&zoom=6.9&showTrace=2021-08-20&leg=1&trackLabels) and landed at... well... [nice-cote d'azur airport in Monaco on 2021-8-21 at around 6:40.](https://globe.adsbexchange.com/?icao=a4ff61&lat=44.985&lon=-75.978&zoom=6.9&showTrace=2021-08-21&leg=1&trackLabels) + +&#x200B; + +[421AL leg 0. 2021-08-20](https://preview.redd.it/cgnem6hljvi71.png?width=1920&format=png&auto=webp&s=f22fdb77743a7eaec32efe0834b54dcd5b71cf00) + +[421AL leg 1. 2021-08-21](https://preview.redd.it/5ffcpehljvi71.png?width=1920&format=png&auto=webp&s=ac7b08ac1fd16fa728664236ca17ec85be52594c) + +[And within next 2 hours of landing this airplane was in air, with kenny on board I believe.](https://globe.adsbexchange.com/?icao=a4ff61&lat=40.980&lon=-72.205&zoom=6.2&showTrace=2021-08-21&leg=2&trackLabels) Where was this airplane headed? Francis Stanley gabreski airport located in NEW JERSEY. I mean why else would a plane take off from chicago(where kenny lives), and fly 6 hours just to stop at monaco(where kenny was) for 2 hours, and go back right where it came from? idk man looks sus to me. + +EDIT: N421AL lands at nice airport at 6:40, is in air at around 8:48. Take off time for N421 and disappearance of N302Ak happens at around the same time. It is well within the range of speculation that kenny hopped the planes. After-all timing seems very sus me to. + + I can only assume that the purpose of this trip was to find more borrowable shares in london and france; so he can drop the price down on monday again. + +[421AL leg 2. 2021-08-21](https://preview.redd.it/7f62ff1gkvi71.png?width=1920&format=png&auto=webp&s=70fb30b7e0e7c556a508dbf70366af8fbb89a0a7) + +N421AL landed at stanley gabreski airport at around 16:34 and[was wheels up at 17:21](https://globe.adsbexchange.com/?icao=a4ff61&lat=40.980&lon=-72.205&zoom=6.2&showTrace=2021-08-21&leg=3&trackLabels). So one can speculate it was for sure to drop something in new jersey. Something very important that he doesn't trust anyone else to drop it. + +[421AL leg 3. 2021-08-21](https://preview.redd.it/brb8simjkvi71.png?width=1920&format=png&auto=webp&s=e1c92d1687e63e41b366c2c498e875a4a7ef5019) + +[Well anyways after that N421AL was headed to chicago midway airport but due to some reason diverted to waukegon national airport](https://globe.adsbexchange.com/?icao=a4ff61&lat=42.115&lon=-87.756&zoom=6.6&showTrace=2021-08-21&leg=3&trackLabels). I say diverted because on the tracking I can see the plane was set up for approach and backed out at last minute. [It was a quick 20 mins diversion and N421AL was at chicago midway airport at 20:15.](https://globe.adsbexchange.com/?icao=a4ff61&lat=42.115&lon=-87.756&zoom=6.6&showTrace=2021-08-22&trackLabels) + +[N421AL leg 4; 2021-08-21](https://preview.redd.it/wd71t7jvkvi71.png?width=1920&format=png&auto=webp&s=4f73543ace1a4820c2f7fc8a9f0c192179b0f84b) + +While N421AL was taking care of kenny, N302AK was running errands in Europe. After N302AK went rouge, it landed the same airport it started from ie paris le bourget airport.[If you ask why? I think so probably to drop someone as, the plane only stayed there for 45 mins.](https://globe.adsbexchange.com/?icao=a326ca&lat=46.585&lon=3.434&zoom=6.9&showTrace=2021-08-21&leg=2&trackLabels) + +[N302AK Running errands. leg 2. 2021-08-21](https://preview.redd.it/p38htmsilvi71.png?width=1920&format=png&auto=webp&s=dec370e711a1b17192ead598094da5ffcacd04dc) + +[At around 14:08 the plane was ready to head back to london stansted airport, again to drop someone or something.](https://globe.adsbexchange.com/?icao=a326ca&lat=46.585&lon=3.434&zoom=6.9&showTrace=2021-08-21&leg=3&trackLabels) N302AK landed at stansted airport at 15:34, dropped someone/something off and was taxing to take-off at 15:41. IKR quick asf. + +&#x200B; + +[N302AK running errands. leg 3. 2021-08-21](https://preview.redd.it/qmdh7eovlvi71.png?width=1920&format=png&auto=webp&s=9afb3734cc2110525a8a2fb977e812954d25dc59) + +[This time the plane was headed NICE-COTE D'AZUR AIRPORT,](https://globe.adsbexchange.com/?icao=a326ca&lat=43.637&lon=7.184&zoom=6.9&showTrace=2021-08-21&leg=4&trackLabels) not sure why? again I am speculating to drop someone/something off(remember he might have picked someone/something up when the plane went rogue). + +&#x200B; + +[N302AK running errands. leg 4. 2021-08-21](https://preview.redd.it/4p1nl281mvi71.png?width=1920&format=png&auto=webp&s=f8d1e38f3652b68f9a06d32dbfc76dc8481e27c2) + +W[ell again, this was a quick stop, within an hour jet was on its way to marseille airport](https://globe.adsbexchange.com/?icao=a326ca&lat=43.637&lon=7.184&zoom=6.9&showTrace=2021-08-21&leg=5&trackLabels). Why? coz to park it there overnight. I mean does anyone why kenny does what he does? + +[N302AK parked at marseille airport for the night. ](https://preview.redd.it/ugp1df54mvi71.png?width=1920&format=png&auto=webp&s=a30de2d68f1dce75f01fda6f3fccc3bd762d754e) + +[And as off right-now N302AK is on the move, not sure where this time but I will track it.](https://globe.adsbexchange.com/?icao=a326ca&lat=44.674&lon=4.397&zoom=7.8&showTrace=2021-08-22&trackLabels) + +EDIT:[N302AK is back in paris, i wonder why? wut doing? ](https://globe.adsbexchange.com/?icao=a326ca) + +Well, this is how I spent my weekend, and I would like to end this post by saying kenny boy can run but he can't hide. + +Lastly, can I be the kenny tracker guy? +Hey guys! I posted a while back about the paper trading app I was building for learning and practicing investing and that app is now in Beta! It has real-time stocks AND options. Create as many portfolios as you want, for FREE! Hoping this helps with strategy, practice, or even learning. Cheers! + +[On Paper Beta](https://onpaper.market) + +UPDATE: There is a bug in the build I just sent out. Fixed it and you will just need to update the app! + +UPDATE 2: Some of you are still experiencing the “Loading...” bug. I plan to fix that here soon. +Also, rest of the updates will go out tomorrow! +Hey guys. I'm a 5+ years investor, nothing crazy. I've been casually following this sub for a couple months. I don't think I've ever posted here. Mods, if this breaks the rules please crush me. + +Okay....so what in the actual hell is going on with this place? https://www.zillow.com/homedetails/13229-Southview-Ln-Dallas-TX-75240/118222349_zpid/ + +I live a thousand miles away but stumbled upon it like 6 months ago. I have a family member who lives in the area and passes by this place several times per quarter when Waze routes them around traffic. The property looks odd. It almost seems like a tinfoil hat paradise or cartel palace....but those don't even necessarily make sense + +What is this? Just looking to hear some ideas. +I want to get into real estate investing, primarily renting out and getting cash flow. What would be my best strategy to do this? Should I use all 40k for one property or get multiple? +Great news for consumer spending + +https://www.bloomberg.com/news/articles/2018-07-27/americans-rainy-day-funds-have-been-growing?utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-economics&utm_content=economics&utm_medium=social +Hi everyone. I've just recently bought my first home using a help to buy isa from Barclays, and they screwed up so bad I was at risk of not getting my bonus. I thought I'd write this post to warn people here on things to watch out for when closing their account to get the oh-so-important closing statement. + +So, I called Barclays to close my ISA because I was about to complete a flat purchase. You need to do this either by phone, or in person. I got sent to a call centre in India (probably first red flag) and the person I was talking to didn't seem very knowledgeable about the process (red flag number two). I was very clear I wanted to close my account so my solicitor could claim the bonus from the government. Everything appeared to have been sorted and a few days later I got the closing statement from Barclays. + +Now, what Barclays process should have done was: generate closing statement first, such that the front page states the balance in the account at that point (in my case, £2,200) and then close the account and transfer the funds out to my current account. + +What they did *instead* was: they transferred the money out *first*, **then** generated the closing statement and closed the account. As you can imagine, my closing statement therefore said that the final balance was £0, and therefore, in terms of a government bonus, I was entitled to nowt. + +This was all a week before I was due to complete, so you can imagine there was a fair bit of urgency and stress on my part to try to get things sorted in time before I lost £550 forever. + +After much calling and visiting Barclays in person, I found out the following: + +- They make this mistake *all the fucking time*. + +- Your solicitor has an online portal where they submit your final balance on your HTB ISA. In case of the above fuck up, if they instead put in the balance that was transferred out and not the closing balance, all is well and you'll get your normal bonus money. +- *However*, you then need to convince your solicitor to, essentially, "lie" on the online form (or put in the "incorrect" value). As you can imagine, this is not 's simple thing to do. + +After much wrangling (which pissed me off no end, as you can imagine) I managed to get Barclays to send me a written statement saying that if my solicitor submitted the "incorrect" £2,200 value to the government, the government would get in touch with Barclays and all would be sorted out. The written statement was, thankfully, enough to convince my solicitor to follow that process and all was well. + +So, big warning to all of you with HTB ISA'S, *especially* from Barclays: make sure when you close your account, you remind them to generate the closing statement *before* the money is transferred out. Preferably go in person to a branch to close the account to get better odds of getting someone who knows what they're doing. + +If the bank fucks up though, don't panic. Talk to your solicitor, and try to get a written statement from the bank if necessary and you should be ok. + +Hope this helps, cheers! +My husband and I divorced 33 years ago and the divorce decree ordered + $18,000 from his retirement account to be put in my name. The decree also stated that I couldn’t touch the fund until my husband turned 50 years old in 2002. + +In January of 1989 I received a letter from his employer that stated the account was opened per the court order and I would receive a statement once a year. The letter didn’t have an account number or any other information on it. I moved shortly there after and never received a statement, so it wasn’t possible to submit a change of address. + +Since then, his employer transferred accounts they held several times and no one (employer or employee named companies that they made transfers to) can find it and all stated that this fund was to old to locate. + +I checked with the original plan administrator with his employer and they don’t save records that date back that far. + +Am I to assume that this $18,000 legally disappeared without a trace? + +I’d appreciate any advice that could point me in the right direction. I’ve checked unclaimed is sources to no avail. Thanks. +Good Morning Apes! + +It's finally here! + +Not MOASS but season 6 episode 9 of live charting with you favorite disgruntled neighborhood pickle! + +Let that sink in that's 81 of these since I started counting. + +Thank you all for being along for the ride! + +I don't know about you guys but I think it's time for another MOASS Monday: Part Deux... + +[ ](https://preview.redd.it/hsdtf7dasph71.png?width=900&format=png&auto=webp&s=ade3e7d070a79f83cc7b8d91d2036cd7dfd25af1) + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/p53sln/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Had a nice up then sideways day that $10 dollar move today happened on 500k volume, looks good for the idea that bid/ask spread is gonna catapult this thing into the stratosphere on low volume...We also had a nice volume spike right at close. I'll be paying attention to performance in AH. Thank you all for tuning in see you tomorrow. + +\- Gherkinit + +[https://preview.redd.it/r9xvbdas0sh71.png?width=681&format=png&auto=webp&s=6df7ab8d8751054b988c44d7f097a43a5e4f87fb](https://preview.redd.it/r9xvbdas0sh71.png?width=681&format=png&auto=webp&s=6df7ab8d8751054b988c44d7f097a43a5e4f87fb) + +Edit 6 2:02 + +Found our way back above VWAP we are definitely well positioned on the current trend for another test of 170 + +[https://preview.redd.it/j9aqxau4frh71.png?width=1638&format=png&auto=webp&s=417b517b018ff4ac00878b39029d1c73024c39ad](https://preview.redd.it/j9aqxau4frh71.png?width=1638&format=png&auto=webp&s=417b517b018ff4ac00878b39029d1c73024c39ad) + +Edit 5 11:55 + +Looks like some midday chop as the volume dries up, hopefully we can stay above VWAP + +[https://preview.redd.it/1y0umwlesqh71.png?width=1643&format=png&auto=webp&s=83240816d5cba76b8549593f1909e2191db21c1b](https://preview.redd.it/1y0umwlesqh71.png?width=1643&format=png&auto=webp&s=83240816d5cba76b8549593f1909e2191db21c1b) + +Edit 4 11:10 + +Failed that first test of 170 but have a decent bounce on VWAP moving in for another test. OI on call side is pretty stacked at 170 so the beginning of the ramp we would want to see 175 for that to start to be hedged + +[https://preview.redd.it/vunrs99jkqh71.png?width=1650&format=png&auto=webp&s=5ebe685a6a89ecad4256665d9e67df097b9ca7de](https://preview.redd.it/vunrs99jkqh71.png?width=1650&format=png&auto=webp&s=5ebe685a6a89ecad4256665d9e67df097b9ca7de) + +Edit 3 10:39 + +GME feelin' cute + +[https://preview.redd.it/syogc7vueqh71.png?width=1639&format=png&auto=webp&s=654273756707ec2429d38fe4cd46f3db094fbe2e](https://preview.redd.it/syogc7vueqh71.png?width=1639&format=png&auto=webp&s=654273756707ec2429d38fe4cd46f3db094fbe2e) + +Edit 2 10:17 + +Nice bounce off 159 possible test at 162.50, there is a 15k sell wall at 164 + +[https://preview.redd.it/g523bhf0bqh71.png?width=1661&format=png&auto=webp&s=969fbe4e997545bf001fe95b58cece21fd605b9e](https://preview.redd.it/g523bhf0bqh71.png?width=1661&format=png&auto=webp&s=969fbe4e997545bf001fe95b58cece21fd605b9e) + +Edit 1 9:47 + +Nice double bottom opening, major indexes are down but GME staying pretty flat + +[https://preview.redd.it/z1p9xvrl5qh71.png?width=1655&format=png&auto=webp&s=08e75f784381522c9ddca2525939122a90e015ec](https://preview.redd.it/z1p9xvrl5qh71.png?width=1655&format=png&auto=webp&s=08e75f784381522c9ddca2525939122a90e015ec) + +# Pre-Market Analysis + +150k shares to borrow, volume below 4,000 shares traded... + +all the TA you need for today can be found in [yesterdays forward looking analysis](https://www.reddit.com/r/Superstonk/comments/p53sln/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Even with all that we have a solid shot at opening and testing 165 again looks like there is a decent amount of gamma exposure from last Thursday and Friday so more up on low volume is likely. + +&#x200B; + +[https://preview.redd.it/u0vr8numtph71.png?width=1647&format=png&auto=webp&s=ee34ab839ba694bc7fcfabd3582001af7d9bfe8b](https://preview.redd.it/u0vr8numtph71.png?width=1647&format=png&auto=webp&s=ee34ab839ba694bc7fcfabd3582001af7d9bfe8b) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Background: I used to work for a large hedge fund in a technology role. The hedge fund employed quantitative strategies in addition to a large array of research analysts. + +I have been trading on my own for more than a year. I have had some great profits, and great losses. + +I wrote this for all those who think they can make quick money in the market by choosing a security and choosing a time and direction. Listen up. + +You are an uninformed trader. You do not have any special information about the future which is not also available to the professionals. + +All "easy" informed trading is done almost immediately by computers. An example is: stock A is at $10. There is new information which is clearly bullish. Within a second, the stock will be at $12. The new price reflects the new information. You cannot beat the computers at informed trading. + +New "complex" information about an asset has to be analysed and accepted by others for it to be trade-worthy. You can not hope to be a better analyst than professionals who have training, tools and access to insiders. That doesn't mean all analysts are right or in agreement, but only that their opinion is more informed than yours. Again, you cannot hope to profit using analysis of "complex" information if the market doesn't agree with you. Reading a Seeking Alpha article (and the comments) is not analysis. + +After the information is priced in, any further price movement is driven by supply-demand and not by new information. You cannot guess at supply-demand. It happens in real time and big traders fiercely protect the content of their future orders. I laugh at people who buy $TWTR AFTER getting the information that Jack Dorsey also bought some last week. There may be a sentiment rally if others start buying, there may not be. You really don't know. + +Charting is useful only in hindsight. Prior price/volume action has no bearing on future price/volume action. You say pivot points? Let us say SPY is reaching 237.00 from above. Everybody says it is an important "support". What does that mean? Will it break that support or not? If it breaks, will it go much lower, or bounce back up to reclaim the support? Again, you don't know. Today SPY broke and bounced off that support 3 or 4 times before definitively breaking down. Which break-down is definitive? It is only clear in hindsight. + +Now, all the above should make it clear that, in essence, you are an uninformed trader, that is, you are trading blind. That means, charitably speaking, that your chances of the asset moving in a favorable direction are 50-50. + +But still you will lose. There are two reasons for this. One relates to the way trades happen, and other is about human psychology. + +(a) If you place a limit buy or limit sell, your order will only execute while the ticker is moving unfavorably to you. + That is, if the stock is moving down from your limit buy price, your buy order will execute. And if it is moving up beyond your limit sell price, your sell order will execute. In each case (unless you are closing a trade), you are immediately at a loss as the price continues its movement. + +(UPDATE: If the price is not moving much, you are immediately at a loss due to the bid/ask spread. And you likely bought because you thought it was a bargain and the recent past showed a downward price movement and you were bullish on it. More often than not, price movement continues in the same direction. Reversals are rare and hard to time.) + +This means, that + +(b) You immediately are in pain. You see a loss and will likely see it widening as the price movement continues. + +Now you have many options: + +i) You can exit the trade at a loss. Bummer. + +ii) You can execute another trade in the same direction to average your price. This again suffers from the same problem. The price is moving away from you while all your orders execute. Your new trade is as uninformed as the last one. + +iii) You can hold the bag, "hoping" for a reversal. + +Both in (ii) and (iii), you are now holding the bag. + +Let us talk about that. + +Usually, the price will continue to move while you see the red becoming redder. You regret the trade. You are stressed. You have averaged it 3, maybe 4 times already. You want to at least exit at break-even. + +Therefore, as soon as the price reverses and it shows you a modest profit, you will itch to book the profit and relax. Hence, you will make the all-too-common (but understandable) trader mistake of holding your losers and quitting your winners. After the trade shows some green, because you have experienced the red, you will be afraid that it will again go red. You will be wanting to not go through that pain again. + +Therefore you will usually see losers in your portfolio with a loss % of 20 or even 50, but you will never see that kind of profit %. Ever. You would have booked the profit at 2% or 5%. + +So what's the consequence? Even assuming each trade has a 50-50 chance of going your way, your losses will always be bigger than your winners. + +Eventually, you will curse trading and seek gainful employment. + +Hope it was helpful. + +UPDATE: What about if you use stop limits with market orders and trade into "momentum"? This can work, some of the time. How do you determine that the momentum is going to continue and not reverse soon after? But the main problem is the stops. If you have a tight stop, volatility will take you out. If you have a wide stop, your loss will be wide too. Figuring out a proper stop based on "pivot points" and past realized volatility is not that straightforward, but it can work if enough other people believe in your pivot point too. + +UPDATE 2: I still trade, but am a more humble trader after the experiences. It is possible to develop an edge, but it takes specialized skills and hard work. + +TL;DR: If you don't have a well-defined edge, you cannot hope to day trade for profit in the long term. +Dow Chemical Co. and DuPont Co. announced Friday that they have agreed to merge, fusing two of the U.S.’s oldest companies into a chemical giant currently worth about $130 billion. + +Under the terms of the deal, shareholders of Dow Chemical will get 1 share in the new company called DowDuPont for each Dow share, while DuPont shareholders will get 1.282 shares for each DuPont share. The deal’s structure will give Dow and DuPont shareholders equal stakes in the combined company. + +The deal will be followed by a three-way breakup of the combined company, a common approach to mergers and acquisitions of late. The three resulting companies, which would be publicly traded, would be focused on agriculture, material sciences and specialty products. +What's your predictions ahead of today's RBA interest rate decision? + + +My bet is they move to 0.75% before holding in July to get more visibility of market conditions. +Everywhere I look, everywhere I turn, there's property scares. And technically we should be scared... I'll organise this post into two parts, a macro and a more "micro" part. + +The macro. + +ASIC is starting to freak out, RBA has been freaking out and the govt. still has their hand stuck up their own ass. APRA's just hanging around bombed out on pot (not really but they're teamed up with ASIC...). Happy days... + +Well, what they're rambling on about has some merit. People are using credit the wrong way. There are naysayers out there that think credit is the Devil's tool, I think those people need to stfu because they clearly have nfi... + +Take a step back, let's understand credit. The ability to take action now via somebody else's money. Of course, this money comes with a rent payment (interest) - coz money ain't free yo! So, how can we utilise this and why the hell would you pay for somebody's money? Well, you think you can do better than the interest you're paying. When looking at companies this is called return on capital (ROC or ROIC - return on invested capital). So you buy a house. You pay your 5% interest since you don't have $500,000 lying around doing nothing. What you're really trying to achieve here (speaking pure financial terms not "mah house! I can put a fucking nail in the wall, mah human right to have shelter") is penetrate a market with fairly high barriers of entry (shares have a min. $500 parcel, you can get bonds or exposure to bonds for about that much also, but where the fuck do you find a house for $500? Hell, even 50K). So yes, number one you need borrowing for that damned asset because it has high barriers of entry. The second one is investing (or speculating). What you're really hoping is the borrowed capital you're paying 5% interest for actually returns you more than 5%. Assuming a property goes up at 3%/pa and you're saving rent at about 4%, you're making 2% on somebody else's money (yay!). This is how your ROC works. Your ROC is 7% but you're paying 5%, which is cool. + +Now that we have a basic understanding on that, we need to look at other things. Lenders (bank and non-bank) make money as they push credit. "Investors" (ie. borrowers) have two gears: greed and fear. You see that juicy 2% on somebody else's money so you go, I'll bang out as much debt as I can because I'm making 2% (and 2% of 1mil is sweet, but 2% on 10mil is even sweeter from a cashflow perspective - until it all goes pear shaped). + +I agree with interest only loans, they're sexy as fuck, provided you're stashing your savings in something that brings you a ROC that's higher than the interest (say the ASX 200 from Jan 16-Dec16 when the market did about 7% capital and about 4.5% income - that's fucking 11.5%, if you're paying 5% you're making a whopping 6.5% on money you don't have). But of course people go and pay interest only to save and buy more property because property never goes down... the banks keep handing out cheques, builders keep building and everybody's happy. Until shit hits the fan. This is what APRA and ASIC are trying to do (and RBA panicking about, and the govt. sticking their head up their ass, next to their hand...) + +APRA & ASIC's approach is kind of wrong trying to limit the amount of the lender's book that can be interest only. They need to have better governance and better credit checks and risks. I'd say they'd be better off to consider the borrower's portfolio. If you have 3 properties with high gearing and no other non-real estate investments you're deemed high risk as you're concentrated in one sector... If on the other hand you have 3 properties with high gearing but all that money is stashed in a cozy diversified portfolio, you're deemed as lower risk. + +We ought to learn from Japan and then the US property crisis since Japan's been sent to the stone age since the 90's and the US property crisis sent the world into the GFC. The ripples of a collapsed property market are phenomenal (from banks to builders, to other jobs since the economy is fucked, huge unemployment, driven by contracted consumer spending, etc.). All our regulators need to do is ensure this is a soft landing rather than a crash. A stagnant (property) market for a while. This brings me to the 2nd part. + +The micro. + +I often see posts in this sub about people who have half a mil or whatever in a house, cash on the side and want to best diversify 20K among 3 etfs or whatever. This makes me sad. So, let's change our mentality one baby step at a time until we've exited the house (through the front door) and slowly went straight to Bridge street Sydney (that's where the ASX is... we ain't got no Wall street). Why? BECAUSE THE FUCKING SHARE MARKET IS NOWHERE NEAR AS RISKY AS OWNING A FUCKING HOME! Seriously how the fuck do people think a multi billion business is riskier than a fucking pile of bricks and mortar that could collapse on top of your dumb ass? Property has something called maintenance costs as shit gets old, shit becomes unfashionable, etc. Shareholder's cash doesn't really care about all that hoo-ha... Shareholders also invest in (often) multi-billion dollar profit corporations. + +This brings me to the conclusion (if this post makes any sense). The Govt. needs to start focusing on making property stagnate or grow at a very reduced rate (think 0.5%/year) for the next fuck knows how many years. This could be achieved on a few levels, such as indecently touching negative gearing with regard to residential real estate, start forbidding direct foreign ownership (yes, I'm talking about Chinese money being poured into anything that has more than 5 walls...) and ensuring all of this doesn't create a panic. In addition to all this, they also need to do a wide range of awareness about other places to stash money in (hello share market) that is not property. They probably won't do the latter, they also won't touch the negative gearing or the overseas investors, and the next govt. will probably blame the other and we'll have another "recession we had to have". FML... + +So what can you do? Well, shit... got to make a decision, that's what. Do you think the prop. market will kaboom? (bad kaboom, not good kaboom btw...) If you think property market will bad kaboom then you look in different directions, such as defensives (Medical, IT, utilities, etc. - be careful with retail staples as that's tricky in the current environment) or you might just take your money and fuck it off straight overseas (hello foreign exchange if our economy goes down the toilet - which is really an outhouse since we lost the house in the great housing collapse of >=2017). There's also another one, which is diversified financials... they may not get hit as hard... + +If, on the other hand, you think I'm nuts, then go buy property, gear and buy more property, because we all know *property never goes down and the share market is risky*... + +In the meanwhile, status quo can still work (we've got the RBA rate coming in about an hour and we've got the budget in May... so there's still some time) + + +Thanks for reading. I'm not a writer so this may not be a very well structured wall of text... +"A US study by Merrill Lynch’s private banking arm this year found that, in two out of three cases, family wealth did not outlive the generation following the one that created it. In 90 per cent of cases, it was exhausted by the end of the third generation – illustrating the “clogs to clogs” adage. + +But the research also found people were unrealistic about the level of spending adequate to allow them to sustain their wealth. Some 39 per cent believed their money would last for ever with an annual distribution rate of 6 per cent; in reality the richest families should spend no more than 2 per cent a year, the data suggests." + +http://www.ft.com/cms/s/0/25a029f6-64f7-11e4-bb43-00144feabdc0.html + +I would love to hear from somebody who knew more about the data. + +Also, how many generations does an investment in education last? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I know it's not a good time for ETH right now. However, I still believe the moment of justice will come, and Ethereum can become the 1st on a global rank. I think that the Constantinople update can change everything, not right after the release, but step by step; because I believe in the ETH's strong team and loyal users. Just want to cheer you up and say that we are part of the huge project and it can change the world forever. Just look what a great work Ethereum has done over three years. Peace everyone! + +https://i.redd.it/yin5w5og8kc21.png +Just comment and say what your price prediction for the 1st of January 2018 is. + +IMPORTANT: I'll recollect all your predictions in a spreadsheet and calculate the average value. + +Let's see how close we get!!! + +- Current average of 163 predictions --> 710,35 USD +- Current median of 163 predictions --> 618,50 USD +I know it's not a good time for ETH right now. However, I still believe the moment of justice will come, and Ethereum can become the 1st on a global rank. I think that the Constantinople update can change everything, not right after the release, but step by step; because I believe in the ETH's strong team and loyal users. Just want to cheer you up and say that we are part of the huge project and it can change the world forever. Just look what a great work Ethereum has done over three years. Peace everyone! + +https://i.redd.it/yin5w5og8kc21.png +[https://mypricecap.co.uk/](https://mypricecap.co.uk/) + +Hi Guys, + +I’ve seen a number of people asking on here recently about the price cap, seeking to find out their specific unit rate and standing charge cap levels for their household. Ofgem don’t publish these, they’re hard to find and calculate and have often been done wrong or incomplete. + +I’ve got some experience in this field and have built an easy calculator which will find them for you which works for all payment methods / regions / meters (unlike stuff out there now). Select the inputs and it will spit out the relevant capped rates, and capped bill level depending on your usage. I’m confident on its workings but any tips / recommendations let me know. +