diff --git "a/reddit_finance_43_250k_368.txt" "b/reddit_finance_43_250k_368.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_368.txt" @@ -0,0 +1,10000 @@ + +Thank you all! +Jan 28 (Reuters) - U.S. industrial giant 3M Co reported a 28% fall in quarterly profit on Tuesday due to restructuring and litigation charges and said it would cut 1,500 jobs globally as it looks to reduce costs. + +Net income attributable to 3M fell to $969 million, or $1.66 per share, in the fourth quarter ended Dec. 31, from $1.35 billion, or $2.27 per share, a year earlier. + +On an adjusted basis, the maker of Post-it notes and Scotch tape earned $1.95 per share in the quarter. + +Net sales fell 2.1% to $8.11 billion. +I have a pretty good chunk in IRA's and mutual funds but I'm having a hard time swallowing the fact that my hard earned money is being converted to 1's and 0's in some computer network and can potentially be gone overnight. Plus, I don't think the FDIC would do much for us if things really turned upside down. + +Before I go sell off all of my retirement funds, please give convincing reasons why I should just stick to the standard retirement plan. + +**EDIT**: To clarify, I am not a doomsday prepper and I do not believe that the government/economy will definitely collapse in the near future. I am not dead set on going through with my crazy plan. I was just throwing it out there to see why this idea may be bad or good. + +I’ll preface this with Im not looking for handouts or advice I just need to get this out here so people can be a little bit more forgiving and compassionate to their fellow man. Some people are just going through some heavy shit. + +I’m a single dad of 3 with full custody and limited support from their mother. They are only ever with me and I have no support from anyone else either. I live in a town that has no public transportation and limited work opportunities. My car died in august as well. + +My 8 year old daughter has a UTI. Wouldn’t normally be a big deal but her doctor recently left the practice and no one else there takes our insurance. In the last 3 months we have been hit by COVID, stomach bugs and snow days. This has forced me to call out more than is ok. + +It started two days ago. I did the 24 hour wait and see and things appeared to be getting better so I thought it would take care of itself (this is something that had been discussed/agreed with her school nurse) + +Today she woke up with a new symptom so it was decided I would take her to be seen. Given that it was just a UTI I figured a minute clinic/urgent care would suffice. Called work to see if I could bring her in while I worked and they agreed. They were kind enough to block off my schedule that wasn’t already booked (massage therapist). This gave me a few hours. I could get her seen, get to work, grocery shop and home by the time my boys (other 2 children) got home from Afterschool. + +Put the boys on the bus, walked the dog, ordered a taxi and headed to a minute clinic in my town. Minute clinic wouldn’t see her because of her age. No big deal, called an Uber and headed to an urgent care next to work. Urgent care didn’t accept my insurance but recommended another urgent care 2 towns over. Called an Uber and headed to work. It was a slow day and I only had one client so I set my daughter up in the break room, saw my client (90 minutes) cleaned up and called an Uber to go to the next clinic. Got to the clinic and they too didn’t accept my insurance. They advised me to go to an emergency room. So, here I am in another Uber heading to the emergency room in my town to have my daughter seen. + +I’m not devastated or losing my mind but I am stressed. Before I became a single father I had a 6 figure one man massage therapy studio and was at the height of my success. I had everything I needed. When I became a single dad I lost it all. It was impossible to continue and I was in a worse position. I was able to scrape by and get myself in a better position and then the pandemic hit and wiped away everything I had accomplished. I’m at my rock bottom. At this point it’s survival mode and desperation. My employer is unhappy with the call outs and there really isn’t anything I can do about it. Today has cost me around $100 in traveling fees. Because of the divorce I can not qualify to buy a car so I spend maybe 5xs the amount on Uber. This will make it so I never get ahead. + +I’m smart and capable so if an opportunity presents itself I will go for it but at this time I’m stuck. I appreciate you reading this. If you can take any message away from this please be compassionate to people. So many people are going through similar circumstances where it seems like the universe hates them. They could be moments away from complete collapse. Be the gentle person who gives them a little hope. + +Update: it’s not a UTI. We will have to wait a few days to find out if it’s an infection or something more serious. To everyone offering advice about UTIs and not going to the doctors please be careful with your advice. I know I stated I thought it was a UTI given the symptoms but it’s always important to get things checked out. Hence, why I made such an effort to have her seen today. + +To everyone offering words of encouragement, compliments and general kindness.. I thank you. I won’t lie and say I’m not scared now but fearing the unknown will not do me or my children any service so I guess I’ll just wait and see. I hope nothing but good things for you all. +[Norway Is Being So Smart About Investing Its Oil Windfall That Its People Will Be Set For Generations](http://www.businessinsider.com/what-norway-can-teach-other-oil-rich-countries-2014-11) + +If only other nations thought the same way. Rather than racing to get all the oil as fast as possible and shoot the economy directly to the moon (only to fall back down when oil prices fall or the spigots run dry), Norway has created a sovereign wealth fund to manage the oil revenue and invest the surplus income for future generations. + +They realize that the oil belongs to Norway's people, but not only the present people, the future citizens as well. They preserve the wealth for the future... I wish more governments could understand this concept. +They are censoring us. They are bullying us. They are using all their sophisticated tools to hack the market. + +They make us think that the game is very difficult, tedious, and tiresome. + +They make us think that we are alone and crazy. + +They make us think that we don't stand a chance against their vast armies of unholy PhDs and connections to powerful people who can move goalposts around. + +# BUT YOU KNOW WHAT? + +Their arrogance got the better of them this time around. They left traces of their corruption and tactics for all of us to see. They *stupidly* set their level of difficulty to 'impossible mode' thinking they will always win. + +Now, to survive, they need to do a thousand things every. Single. Fucking. Day. They have been bleeding massively through a thousand paper cuts every day for almost 2 years (likely more). + +They know if they don't get retail to sell, then, "scorched earth, baby". + +But remember, it is okay if this subreddit goes down: We know all their dirty tricks through the amazing DDs. + +# LISTEN UP. + +# THE GAME IS SO FUCKINGLY STUPIDLY SIMPLE TO WIN IF YOU IGNORE THE DRAMAS AND DISTRACTIONS. + +***BUY*** **through Computershare.** + +***BOOK*** **your shares (extra precaution).** + +***HODL*** **for the long haul.** + +***NO CELL, NO SELL.*** + +&#x200B; + +See you in Uranus, regards. 🫡 +First of all, thank you to all of the mods, Dave Lauer, and Wes Christian for putting on this AMA. It was so enlightening and really gave a lot of hope for some justice coming in the near future. I absolutely can not wait for round 2 AMA with Wes. + +GME announced they had completed their at-the-market equity offering on April 26th, 2021, to the tune of 3,500,000 shares sold for proceeds of $551,000,000. The program had been approved for raising up to $1 billion. + +Assuming the voted shares count ultimately shows 200% of the float voted, (do any of you really believe it will be that low? What could it be, 300%? 400%? Higher??) then it should be fairly simple to argue the share price, on the date of the equity offering, should be higher at a multiple equal to or greater than the multiple of shares over voted. This should easily satisfy the minimum requirement of $100 million in losses for a lawsuit against the market manipulators on behalf of a law firm such as Christian Smith & Jewell. + +Exciting, indeed! Here's to RC and crew pursuing this to the fullest! + +Edit: Thank you for the awards, and obligatory 💎👐🚀🚀🚀🚀🚀🌕 +Market cap just passed $1 million again for the second time and rising fast. Developer renounced contract and the sky is now the limit. Bogged ads start tomorrow and running for one week. Dev also announced beginning of R&D into tooling on the BSC ecosystem in addition to NFTs on the roadmap. + +Ownership renounced & Liquidity Burned. Community token where decisions are voted on. As always, do your own research. Details below. + +🌐 New, Professional Website: ChungusCoinBSC.io + +✈️ Telegram: t.me / chunguscoin + +🐋 Anti-Whale - 0.2% max transaction size (relative to total supply) may be lowered per community vote on May 15, 10% tx fee with 7% into liquidity + +💡 Tokenomics + +It's deflationary with 64% burned and 10% fee per-transaction with 7% going to liquidity and 3% going to reflection. The reflection+initial burn results in pretty significant deflation of supply. + +Total initial supply is 1,000,000,000,000 with 64% burned. There is a marketing wallet of 5% that is already down to 4% after a milestone burn. + +💡 How To Buy BCC (Big Chungus Coin) -> set slippage to 11% + +🌐 Comfy Website: chunguscoinbsc.io + +📊 Chart: https://charts.bogged.finance/?token=0xA397233A0c08052df7569b089864afEB7dC7f8b0 + \*\*Twitter PROMO Live in < 4 MINUTES\*\* + + +\*\*Big Celebrity with 256,200 Twitter Crypto Fanatics\*\* + + +:rocket: $WINDY is going to blow it's way to the moon! :rocket: :first\_quarter\_moon\_with\_face: + +:boom: Tokenomics :boom: + +\- 25,000,000 total supply + +\- Reduced to just 8.8 Million Tokens after 192 Cycles + +\-Set Slippage to tax + 0.5% To Buy + +TG - u/windswapmembers + +&#x200B; + + + +**Deflationary Moonshot on Binance Smart Chain** + +**What is Windswap ($WINDY)?** + +$WINDY takes full advantage of BSC cross-chain features in order to power trading between multiple currencies and is in the process of creating an exchange (similar concept to Pancake Swap) where the fees will be taken out as $WINDY. + +It is deflationary, with only 24.8 million coins in circulation, but steadily decreasing until it hits just 8.8 million coins. + +**The deflationary rebase structure rewards INVESTORS rather than WHALES** + +WindSwap charges a small levy every time token are transacted which causes rotations to be completed and a rebases to occur every 2.5million tokens. A rebase marks the end of a rotation and the beginning of the next. At this point, 75% of the tokens are burnt, with the remaining 25% tokens rebased into the wallet pool of WindSwap holders. + +WindSwap automatically reduces the supply of tokens to ensure scarcity in the supply. By burning 75% of the tokens withheld, and only rebasing 25% of the tokens (which are pro-rated) based on current token holdings, smaller investors are rewarded, as opposed to the large ‘whales’ with the majority stake in the token. After 192 cycles, the total supply will be just 8.8mil tokens and the trading levy will be reduced to 0% permanently. + +**Why Invest in WINDY?** + +1. **Low Market Cap** +2. **Rug Proof - 80% of Tokens are being used for liquidity on Pancake Swap (99% Liquidity Locked on Unicrypt)** +3. **High Organic Growth** +4. **Huge Potential** + +&#x200B; + +**WindSwap ($WINDY) Links** + +**Contract**: 0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 +**Pancakeswap (link used to buy or sell) :** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) +**Price Chart**: +[https://goswapp-bsc.web.app/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://goswapp-bsc.web.app/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +**Liquidity Locked** \- [https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6](https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6) + +**Litepaper -** [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +**Telegram** \- [https://t.me/windswapmembers](https://t.me/windswapmembers) +If you missed the weekend DD... here it is (you might go all in too): +[https://www.reddit.com/r/wallstreetbets/comments/wsxdpx/the\_true\_reason\_why\_rc\_sold\_his\_bbby\_shares\_a/](https://www.reddit.com/r/wallstreetbets/comments/wsxdpx/the_true_reason_why_rc_sold_his_bbby_shares_a/) + + +At first, I was like, nice DD maybe I'll toss "Some" cash at it. +But after the 50,000 reddit schmeckle, awards tossed around. I'm all in. + + +[Isn't that like a $150-$200 reddit award?](https://preview.redd.it/qi1czwwexaj91.png?width=1548&format=png&auto=webp&s=0ed376cc4a3669a1a9d0c259504d96e97d321619) + +&#x200B; + +anyway, despite all the fucking [💩](https://emojipedia.org/pile-of-poo/) FUD on those pesky hedge owned news sites (CNBC, Zerohedge, Market Insider, CNN) . +I purchased on a Cash only account, so I know they are my own shares. + + +I made big block trades (all or none) so that I wouldn't grab shares from paper handed retail investors[🧻](https://emojipedia.org/roll-of-paper/) , and it would almost guarantee these shares were sold to me by some hedge fund [🐋](https://emojipedia.org/whale/)whales[🐋](https://emojipedia.org/whale/) pushing synthetic shares. These shares will clear in 1-2days. + +&#x200B; + +https://preview.redd.it/agtd2hr13bj91.png?width=2676&format=png&auto=webp&s=1398bb5ca1c7b3619903ed69fe67e4ccbe1502bb + +&#x200B; + +I plan on holding until I see a reasonable market cap. +🚀🚀See you guys on Mars🚀🚀, or in Earths Core [💀](https://emojipedia.org/skull/). + + + +This is not financial advices. I'm simply showing the yolo trades I made and why. Trading is risky, so do it at your own risk. +Walt Disney Co. announced plans last week to move approximately 2,000 jobs from California to Florida and will reap a nearly $580 million tax break in the process. + + +Disney, as first reported by the Los Angeles Times, applied for a tax credit in December 2019 to receive an estimated $578 million in credits from the state of Florida. The application was approved in March 2020. + + + +The company’s plan is to build a campus near the 17-square-mile community of Lake Nona in Orlando, Fla., to house positions currently maintained in Burbank and Glendale, near the studio’s main Southern California campus. These positions will primarily come from Disney Parks, Experiences and Products, including jobs in digital technology, finance, communications, product development and human resources. + + + +The positions represent less than 5% of Disney’s total staff in California, and the move will take place over the next 18 months. Relocating employees will be offered moving assistance, but the average wage of workers in the facility will be $120,000 a year, according to Disney’s credit application. +I'm specifically looking at XRE right now, and wanted to get some additional thoughts. Here's where I'm at: + +* XRE (Canadian REIT ETF) came on the market in 2002 +* During the 2008 Financial Crisis, it plummeted to \~$6.65 at it's lowest in March 09, from a high of $17.99 in February 07, a whopping 63%! +* During this most recent crisis, XRE dropped to $11.21 on March 23, from a high of $21.37 in February, nearly 50%. +* The ETF is currently trading at $14.93, and has a yield of 6.3% + +It looks like the worst of the crisis is over; with Canada re-opening and our infection numbers going down, as well as the support from government for people and businesses. I think now is a good time to look at REITS since they are still \~40-50% off all time highs. + +My initial instinct is to play the sector with an ETF like XRE, so I could just set it and forget it. If the sector can survive the chaos of 2008, I'm sure it will survive this in the long term. The problem is getting stuck with the baggage of REIT's that may not survive, and seeing poor long term growth as a result. + +Also worth noting is this would be balanced with my other ETF's (XAW + XIC), but a huge part of me wants to overweight the sector given it's history of recovery in past crisis (despite the concern I listed above). + +Any thoughts on this would be appreciated. +(Bloomberg) -- A presidential victory for Joe Biden in the upcoming U.S. elections could have more “nuanced implications” for the Canadian stock market, with some sectors getting a modest boost, said CIBC World Markets’ Ian de Verteuil. + +The analyst noted that the cannabis and industrials sectors could get some support if the White House is run by Democrats. Canada will be less of a target for U.S. tariffs or restrictions, aiding engineering and construction firms as less emphasis gets placed on the “Buy America” adage, according to Verteuil. A more liberal cannabis policy under the Democrats should accelerate the path to legalize weed in the U.S., he said. + +“We expect corporate Canada to welcome a more ‘liberal’ U.S. president,” de Verteuil said in a report. + +For the energy sector, there are both pros and cons. + +“More environmental regulations south of the border (and possible reductions in U.S. fracking) might be welcomed by Canadian energy firms,” de Verteuil said. + +However, he added that there is a possibility that the TC Energy Corp.-owned Keystone XL pipeline, strongly opposed by environmental activists and championed by Prime Minister Justin Trudeau, would be reviewed once again. + +Here’s a look at the impact of a Biden triumph on other TSX sectors: + +Financials: Small impact with the potential for increased regulation on U.S. operations of Canadian banks + +Materials: Minor to slightly positive for the price of gold amid an increase in U.S. fiscal deficits due to heightened social spending + +Tech: Some positives since Biden has a “hands off approach” to regulating the sector. An open U.S. immigration system could be a disadvantage + +Utilities: Democrats’ New Green Deal may increase appetite for renewable power + +No impact: Communication services, consumer staples, real estate + +https://www.bnnbloomberg.ca/biden-as-u-s-president-a-boon-to-some-canada-sectors-cibc-says-1.1458066 +My TD fund adviser has suggested that I purchase a F series fund (call it xyz, MER is 0.94% ) to lower my MER. Looking at this funds top 10 investments says they are all TD funds, O series, all with high MER's (over 2%). As a novice it seems to me that I'm paying a hidden MER. Is this normal? Any other banks create mutual funds with their own funds as the top investment? +Like the title says, I'm in my mid 30s and exploring the options to retire early, as I'm also considering retiring in a fairly LCOL country/town - just pointing that out to clarify that I don't need a massive portfolio to succeed with this idea. + +In order to achieve that, my strategy - which probably works more in my head than it does in reality - is to invest in high yield ETFs such ZWC, ZWS, ZWE, VDY, VYM, VRE, etc etc. + +That would enable me to experience the consistent monthly (and/or quarterly) income first-hand, while keeping me easily motivated as well as making the progress tracking extremely simple. + +Now, while I don't need any of that income during the portfolio-building years, I would re-invest every last cent back into the portfolio and let the compounding help my regular monthly contributions. + +So I would watch my portfolio yield $50/month, then $100 and then $200 and so on until I reach the number I'm comfortable with and can live off of for the rest of my life. Just for comparison with my next paragraph and question, let's say it is $30k/year and that I'd need roughly a $600k portfolio. + +Is this completely crazy at this point in life? Or would I be better off investing in something like VGRO (which is currently 100% of my portfolio) and then convert into high yield ETFs when I reach the portfolio value of said $600k? + +Thank you very much in advance and I'm looking forward to suggestions and comments! + +P.S. I've read a ton of articles and posts, as well as watched dozens of hours of Youtube videos lately, and I got the sense that there is some tension when income investing is mentioned. Having said that, I'm not looking to start a war here, I'm just thinking income investing suits my psychological profile better and therefore it has greater chances of success for me. But also, I want to keep an open mind and do the smart thing in the end - without just listening to my gut feeling. Hope this makes sense. If you've gotten this far - thanks again for reading all this! + +\-- + +EDIT: Just got through all the replies - thank you so much guys! Not only have you helped me tremendously, but I've also found a lot of replies very inspiring and motivational. + +For now, until (or unless) I devise a better strategy, I will simply stick with VGRO. I feel like most of you opted for growth here, so I think I can't really go wrong with that approach. And honestly, I'm still not certain if I should hold individual dividend stocks, or high dividend ETFs, or covered call ETFs, REITs or any combination of those. Finally, as some of you have said, I can always convert/rebalance my portfolio into income, once the target is reached. + +So yeah, for now just VGRO and keep learning and researching. + +Thanks again, I hope you're all safe out there and have a great holidays! Cheers. +I decided to sell most of my stocks today low 6 figure account. Why? Well Its not because I think we are going to crash (although it does seem like the markets too optimistic at the moment) but cause I realized I've made alot of mistakes investing. + +1. 25% of my portfolio were in "speculative" stocks +2. I had too much of my net worth invested and thus caused me to lose sleep each night. +3. I have alot to learn about investing and choosing the right companies. In the past I just bought stocks without doing thorough research and finding good price entry points. +4. The most recent crash made me realized I was in a bad position because I did not have any more money I was willing to put in the market. I saw many companies at steep discounts but I did not have any "cash to buy". + +Moving forward I need figure out a solid investing strategy. Also need to figure out my risk tolerance to reduce my stress. Worrying about the market everyday is unhealthy. Make a list of companies I bought want to invest in so that when they do go on sale, I can be ready to buy them in increments. + +I still hold 40% in good companies like amazon, google, Facebook, etc. (Tech heavy but going to keep this until retirement 20-30 years down the road). + +Anybody else in the same boat? What are your plans moving forward? Has anyone else been over leveraged and had to hit the stop button and reset? Let's hear your thoughts, stories and recommendations! Thanks in advance. + + +I am extremely bear at the moment, and I am having a hard time seeing why the stock market is so high. + +Ill tell you why I think the market has ALOT more to go down and you then tell me I am wrong haha. + +1. Core inflation increased in August so interest rate hikes arent working as well +2. Feds have a low ceiling to increase interest rates. They have too much debt and cant raise it to levels we saw in the 80s. +3. Feds have NOT started aggressively tapering their balance sheet as promised. Once they do 80 billion dollars will disappear every month from the economy +4. Feds are hiding the real recession due to midterm elections. Gloves come off after and the FEDs will stop propping the economy +5. Biden administration has consumed way too much of the US OIL inventory for politics. It is now lower than levels seen in the 80s. +6. US Oil Inventory will need to be replenished almost 300 million barrels from peak... +7. OIL prices will increase as winter comes and Russia continues to stop shipments. Inflation will increase again. + +I suspect that in the end, the USD FEDS will say the 2% nominal inflation is unachievable. and will have to settle for 4% or above which will be detrimental to the economy. + +So whats the bull case here? + +Because the more I think about this, i think the economy is doomed. Michael Burrys market crash prediction is coming to fruition. + +Please tell me im wrong... +As someone who believes in long term investing (> 15 years), I think of myself as a part owner of each company that I own shares of. And, I expect my companies to keep doing what they are good at and earn me regular income (dividends). I'm ok to pay tax on it as it is my income. + +I've diversified my risks by investing in large/well established companies and small/still growing companies. I understand that my smaller companies will not earn income straight away. I need to be patient with them till they find their footing. But eventually they too should start providing me with some regular income. + +So, fellow long term stock investors, please help me understand. Why is dividend income generally looked down upon? Shouldn't the eventual goal be to earn regular income from our carefully planned investments? + +Thanks in advance! +Edit: grammar/clarity. +&nbsp; + +Edit2: +Thanks to all for taking the time to comment. This has been a wonderful discussion! +As someone who believes in long term investing (> 15 years), I think of myself as a part owner of each company that I own shares of. And, I expect my companies to keep doing what they are good at and earn me regular income (dividends). I'm ok to pay tax on it as it is my income. + +I've diversified my risks by investing in large/well established companies and small/still growing companies. I understand that my smaller companies will not earn income straight away. I need to be patient with them till they find their footing. But eventually they too should start providing me with some regular income. + +So, fellow long term stock investors, please help me understand. Why is dividend income generally looked down upon? Shouldn't the eventual goal be to earn regular income from our carefully planned investments? + +Thanks in advance! +Edit: grammar/clarity. +&nbsp; + +Edit2: +Thanks to all for taking the time to comment. This has been a wonderful discussion! +Has anyone tried to quit their day job and what were pros and cons? Just thinking outloud not planning to rush into anything. Been trading options for over 5 years but there is always something new :) +For almost a year, I have been working on algorithms using reinforcement learning models to trade on stock market. During the process I went through parts as is data processing, hyper-parameter tuning, live integration, XAI and so much more. I am curious if anyone else here is working on something similar. I would like to see some different approaches to the topic. (can be different ML method) + +If you do, you can comment or text me and we can share our thoughts +Hi, +So? The title says it all. + +I’m a relatively good python data-cuncher / programmer but all of the algos I cook up just suck. Is anybody making profit, out of curiosity? + +I must have tried 25 ideas in the past 3 days. If I had worked at a department store instead I would have made more money than my best algo in a year hah + +I tried everything that I could think of, from realtime smoothing functions, peak detection, tensorflow predictions, ta indicators. I crossed and mixed and correlated and regressed and plotted. Still, the best I could do isn’t impressive. + +I would never let this crap place orders, that’s for sure. At best I’d make it send me an email. + +How about you? +Has anyone here ever been to or plan on attending the Quant Conference this year? + +I’m gonna be going for the first time this year and am looking forward to it. Wanted to know what you guys think about it from either what you have heard or personal experience? + +Link: https://www.thequantconference.com/ +I had a lump sum saved for home purchase. I live in a HCOL area and I am not quite there yet. + +I read online that lump sum investment in index funds beats DCA in the long run. + +So, I went all in on $QQQ. When it went down 10% by January, I added a few more pay checks into it. + +Now I am wondering if this was a mistake. I have postponed home purchase due to rising rates but can't stop feeling that I made a mistake. + + +**EDIT:** Why the down votes? Did I do anything wrong by asking this question? +I have been trading Forex for a pretty long time. I do price action mostly, I use levels you name it and I can win 10 trades in a row easily and for some reason long term it takes 1 trade to wipe me out. I used stops but my broker is an ECN and widen the spreads right as I approach my TP level. The only way to close the trade is to watch it with no SL. Even when I use SL Ill go through long winning streaks and then it takes 1 losing streak to wipe me out + +When I had a lot of money I used to gamble frequently played poker, made and loss money roughly 50% of the time. I used to play roulette and I won a lot of money frequently playing basic strategy. Now with Forex I have done an insane amount of research I followed and filtered through thousands of people on Myfxbook, Mql5 you name it and no one wins long term! They usually trade with massive drawdown to keep winning but eventually they can't recover from the drawdown all of them! What they do when they blow up an account they delete the other profile and start again. + +Statistics are 70% of casino gamblers lose and 96% and possibly more Forex traders lose everything or lose overall! + +I just did a basic Googe search to find the 96% http://bit.ly/2nf2Zrr + +Some reports say 20-38% of traders win and make money and 100% lose money on there first account. Those are around the same odds of walking into a casino and putting your money into a random slot machine. Would you go to a casino every day to make a living? + +Are any of you part of the 4% or less who actually frequently make a living for years at Forex? If so what's your winning strategy? +Hey /r/Forex! +So as most of us know, the BREXIT vote is coming soon and prices are going to go into a tizzy. Are you going to be watching from the sidelines? Are you going all in? +1. Is your broker raising margin requirements and lowering leverage? +2. If your surfing the storm, what position are you taking and why? +3. Have you been able to predict price action accurately leading up to the vote? +4. To my British Brethren: Whats up! +5. Have you found any great analysis or articles to help fellow traders better understand how currency pairs will be affected both ways? + +I look forward to reading everyone's thoughts! Remember, $$$ Management! Good Luck! + +I have been doing manual trading for sometime now. + +But of late, I am thinking of automating my strategies/ideas. I am wondering whether you guys can give some recommend some resources (books / platforms / tutorials / programming language... whatever you think will be resourceful) where one can learn about algorithmic/quant trading system development. + +I am very willing to learn from the basics. I do have some programming experience in R & Matlab for statistical programming. + +I will appreciate learning about your experience if you are quant trader. + +Thanks for reading :) +Most people who share good runs in this career on this sub reddit they get amazing feedback then all of a sudden we get the ''PRO'' traders that have been trading for near a decade hating cause they haven't had any good accomplishments in there career time and just cry all day on reddit why do they have the time to cry aha just go learn how to trade better please!FYI NOT TALKING ABOUT HOW MUCH I CAN MAKE IN % JUST MY STRATEGY WITH RISK TO REWARD! +Im very sorry to write this but after being with Lqd for a month and trippling my profit I was one morning hit with an “arbitrage trader” email(i will post the email) and my account was removed and deleted. I know the risks involved with an offshore but I thought these guys were decent judging by the reviews here which could be fake now that I think of it. I knew things were fishy when I tried making my first withdrawals they called me and said “we had issues where a clients child got on his pc and made withdrawals so we are making sure you indeed made this withdrawal” lmao ?? Basically them saying “Please keep your money here” Apparently I’m not the only one that got this call .. + +Im from US and thought a little leverage would be fun to test out but if you plan on making profits and withdrawing I wish you good luck, dont say you werent warned. Also the only reliable method to deposit/withdraw was bitcoin where you are paying fees so be mindful of that as well, their credit card system isn’t allowed to operate hence why its always down. Once again the guys and girls at lqdfx Evan, Victoria are very nice people but something shady is brewing with their superiors... I encourage others who were mugged to step forward its not embarrassing to speak the truth. Its very sad I had a life emergency(wife cancer) to attend and needed those funds. May god bless you all i hope my review can shine some light on LqdFx. Overall a good company but they will kick you out once you’re making serious profits. +I was trading forex since 2018 in high school, lost all my money like 20gs back then on blown accounts and lost prop firms challenges because of ignorance, impatience, lack of strategy and disregard for risk management, got really depressed and I swore I would never trade forex all together. I was doing crypto and some stocks, made money and got out so I wasn't away from charts completely. + +Now I started back in forex with demo accounts about 3 month ago cause it has and always will be where I want to find success and I could now acknowledge it was my fault I lost, I let the market beat the shit out of me and quit like a bitch when I should have focused on learning how to trade properly. From my experience I have a solid understanding of technical analysis, patterns, and from the last 3 months I have been beating risk management and the importance of incorporating it into a strategy in my head, but now I don't know what direction to go in when it comes to actual trading. + +At the moment I am trying to develop an algorithm like strategy with downloaded indicators and trading the daily chart to catch long trends with small lots but I don't know how I feel about it. I like the concept of indicators because they allow you to trade based on a system that must agree for you to trade and removes a lot of emotion and when backtesting no doubt they work much better on the daily chart. + +At the same time they miss so many opportunities and when the market starts swinging in a range on the daily they give so many delayed signals on the swing that end up as losses. I would want to incorporate price action trading into a strategy but I don't understand how you backtest it. I don't know what to do Im conflicted between continuing to work on my current strategy and just improve it with better indicators or If I should try a new approach. Just looking for advice from successful traders who maybe have been in the position I am right now and could help guide me. Appreciate anyone who took the time to read this +There are a lot of prop firms out there... Of course they all have their pros and cons. But if you could design a prop firm to join what features would you want to see? What don't you like about the prop firms that are out there that you may have explored already? + +One of my hats is working with a prop firm and I coach and mentor our traders. I'm always interested in seeing what the industry can do better and were the room for improvement lies. + +Thanks r/Forex! +Good day to all you experienced and inexperienced traders alike.. Pardon me for this extremely long post, and i thank you in advance for spending the time to read this. + +Basically.. I'm really passionate about Forex, not because of getting rich. But because i just love what Forex is and the ability to be well informed and stuff. For example.. it interests me how banks work, how monetary policy affects currencies and stuff.. I love the idea of being able to predict what is going to happen to a country/currency in the coming months and i love the thought of being informed about such stuff.. + +I come from a country where everyday is a 9-5 office job for majority of the country, in fact, Forex seems to be non-existent here (maybe its just me), its hard to find a mentor (because i know that it is important that one must learn live trading from a mentor to see his/her perspectives), but because only a minority (if it exists) does Forex.. its extremely hard to find a mentor.. Not only that.. There are 'courses' here that charge 4000USD for a single course which im pretty sure is just basic TA and FA that can be found on Youtube. + +The only thing i can teach myself is stuff that can be found online.. Mostly TA, i have spent time and time over again to practice, buying at supports, selling at resistance. Candlesticks pattern etc and never going against a trend.. I started demo trading last October and i just started live trading on January this year. In my first week, i started with a live account of 200USD and with TA alone, i made 310 USD in a week. I felt unstoppable, i felt confident and that i know Forex in and out. I figured that i could trade my lifetime relying on TA alone. The 2nd and 3rd week were all profits without a single loss, earning and earning, i grew my account from 200 to 850 in a matter of 3 weeks. Then, it went downhill. + +There was a week i cant remember, where i traded USD pairs and on that week, it was a really hectic week for USD as there were alot of news revolving it. (correct me if im wrong, which i think i am, it was the week where there was Trump's testimony or something like that, and then there was Theresa May's meeting with Trump and strengthening the pound) I took quite a hit of -120 dollars in total and because i didnt keep a journal then, i started to panic. Over the next few weeks, i tried to develop new TA analysis, usage of Bollinger Bands, MACD etc.. When i had profit, i was happy and thought 'this is the analysis that i will stick to', but when i had losing trades, i went on to tweak my methods. + +I think it was the ending of Feburary where i was lying on my bed and thinking, why dont i just trade like how i did on the first few weeks, since it ended in many correct trades. So i began using my method of trading in week 1-3. During that week, i had a little bit more profit than i had over the last couple of losing weeks. (my account was at 400 balance at this point in time) + +However, i was confused and sceptical to trade as i was really unsure.. Everytime i look at the charts, it was already either oversold or overbought on the RSI, and on the charts, a huge trend just took place and it was nearing either support or resis. I would trade against the trend when it was nearing resis/support and i got screwed really badly. + +Today, i just blew my account trading EURJPY and EURUSD sell. I entered EURJPY at 129.626 and EURUSD at 1.22624. I kept holding even when my trades were going against me because i stubbornly refused to close, believing that my analysis was right. I kept holding as i thought 'its already overbought, surely it'll retrace soon' but it didnt. Its even worst because during the first few weeks where i was confident in my trades, i wanted to do my part to be a filial son, ( i come from an average family) and i told my mom and dad that i wanted to make money for them. They invested in me 1k USD which i am close to blowing it all, its sitting at 450USD now.. all due to my ignorance. + +I was disappointed, frustrated that i blew my account. It is of course naive and stupid to think thoughts like ' i should have closed earlier when my losses could have been minimized' but what if it went to profit instead?? I was stupid and ignorant and i regret it. It was today that i realize that i have to pair fundamentals with technicals, but im just berating myself because i dont know where to start learning fundamentals, or actually, Forex as a whole.. I've been using indicators, such as RSI, automated trendlines and atuomated support/resistance.. I know that plain naked chart with self drawn S/R lines are best.. but i just dont know how to do it.. + +I do know that i shouldn't harp on the fact that i blew my account because everyone goes through it at least once, but i cant help it, the feeling sucks. + +So that brings me to the question.. Would any experienced traders out there share where they learnt Fundamentals with TA?? It will be even better if a link or a book/course could be provided alongside it. I have always wanted to learn Fundamentals but because it is so broad, i don't know where to start. The only thing i know is that high impact news on the economic calender usually affects a currency long term, like FOMC/ interest rates etc.. I just dont know where and how to start learning it... Would appreciate if i could get a little help.. Be it in recommendations of books or links/courses. + +Sorry guys for this extremely lengthy post, would really appreciate it if i can get any insight at all.. + +Thank you guys so much.. + +My results on a live account the first 2 weeks, in case anyone was curious: +https://imgur.com/a/f2UGw +https://imgur.com/a/o2b1Z +...unless the gift recipients are actively inquisitive about crypto and responsible enough to manage private keys. + +I have given countless friends and family members bitcoin in tiny increments in the last year and a half. Only to have them call me in late 2017 and say "Look at that price! How do I get my bitcoin back if I have lost my private key and seed?" Now, that lost gift has turned into a source of resentment for the recipient. + +Next time, I will simply give the yet-unenlightened fiat and hodl the BTC instead. I have learned that if they don't care enough to be responsible for their private keys, they will lose the bitcoin and indirectly blame you. To the lunar surface, ladies and gentlemen! +Following up from the post on the weekend: + +We checked out a place in Artarmon: [**https://www.realestate.com.au/property-house-nsw-artarmon-130343630**](https://www.realestate.com.au/property-house-nsw-artarmon-130343630) + +No price guide was quoted when we did an inspection. The auction was on Saturday and we got an sms from the agent saying the auction guide was $2.1m. We didn't go but we can see that the result was that it was passed in. + +Today we get an sms saying the owners want $2.375m. + +Getting real sick of agents not quoting prices to drum up massive interest and then hoping something sticks at auction. And also underquoting! If they know the owner wants $2.4m, don't put $2.1m on the auction guide! Such a massive waste of time. + +&#x200B; + +EDIT: Just to clarify, I'm not 100% sure but I think I put my search criteria at Max $1.6m or $1.8m on Real Estate . com a few weeks ago and this property was popping up. The filter now goes down to $2.0m which is closer again, but still 20% off $2.4m! +Hey Everyone, + +I need some advice from the good people on here, relating to an apartment. This is gonna be a whopper, look out. + +&#x200B; + +1. Background + +One of my parents died during my early teens, and so I receive about $1000 a month from what I’m pretty sure are life insurance payouts. + +I’ve put every cent in raiz (too scared to touch it), it’s at around $80,000 now. + +Will start uni next year, reckon I'll study science or eng. + +&#x200B; + +2. Apartment + +I can see a bunch of lil apartments hanging around unimelb/rmit, around $145k. + +Something like this: [https://www.realestate.com.au/property-apartment-vic-north+melbourne-136738006](https://www.realestate.com.au/property-apartment-vic-north+melbourne-136738006) + +I’d like to pay it off in two years, so I can move out to this apt/some other shared place without working tons alongside studying full time. Or I can get rent coming in that’ll let me do a student exchange/tourism (in a country with hella low cost of living - Russia, Bolivia) without worrying too much about cash etc. + +(I don't hate my family or anything - I'd just like to move out and do stuff my own way + way closer to Uni/mates/carlton). + +&#x200B; + +3. Costs/planning + +My parent reckons they could loan the other 65k, or one of my siblings in the same boat who I could pay back. Obviously I want to pay them back for honesty reasons (preferably I’d take out an actual loan, but I know that’s impossible). + +Here’s my vague and very rough calculations: + +$80000, plus $1000 per month = $104,000 in two years. + +Leaving \~$41000 left. + +Renting out (what I think I need help with/have no clue what I’m doing): + +Building history shows it rents out for around $200. + +Assuming I can dish it off to a landlord service, and can keep fees/rates/tax/all that jazz to $2000 a year. + +45 weeks at $180 - $2000 = $6100 a year. + +Leaving 28.8k to get in two years; that’s about 11 hours work a week for 45 weeks at $28 - I think that’d be manageable. + +&#x200B; + +4. Why I’m thinking student apartment > raiz + +A. Financial security - after two years essentially living rent free (yes, it’s a little broom cupboard, but I’m not one to mind that + cool location and could spend all my time and money around uni/mates/carlton or use the rent money on share housing) + +B. Physical asset - I’d like my money to actually be useful for something in my next ten years, when I’d probably need it most + +C. More money short term - rent per year would only start being less than raiz at 5%pa after at least 5 years, tons more if I live there. + +What do you guys think? What have I missed? + +Thanks in advance! +Apartment blocks have a finite lifetime, so what happens when the block needs to be demolished and a larger/newer block setup? Do all the apartment owners have to agree, or is there some mechanism for the sale? What actually occurs in a block where each apartment is owned by a different owner? + +[EDIT - ANSWER] So the answer to this seems to be "it depends", on what state you are in, and to a lesser extent what the Body Corporate rules are. In Victoria, 100% of the apartment owners have to agree to sell, while in NSW it's 75%, and 70% in Qld. The ownership ratio is ratio of aprtments, not owners, so if a single owner owns 2 units out of say 8 they have 25% of the apartment. +I was discussing buying homes at a foreclosure auction with another invester and he started telling me some of the tricks he's used over the years. + +He was in construction in his past life and mentioned that on a couple houses he had been planning on trying to purchase at auction he actually went to the homes, essentially broke in, and changed the locks. Not exactly sure why, I'm guessing this was simply to disrupt others ability to do their due diligence. + +He actually got caught by the police changing the locks at one point, but because he had his construction truck parked in front they assumed he was working for the bank or something and didn't do anything. + +Apparently he ended up in a bidding war with another guy, and after he won, the other guy came up to him and congratulated him after and handed him a set of keys.... Apparently that guy has also changed the locks lol. + +Is this really common? Does it actually help give you an advantage? I've been trying to research all the ways to do your due diligence on a foreclosure but this seemed CRAZY extreme. +Hello All, + +First time investor and hoping to gain some insight from folks here. The deal is for a three family house (triplex) in Worcester Area of Massachusetts. Deal analysis can be found here: + +[https://imgur.com/a/EUYg5dc](https://imgur.com/a/EUYg5dc) + +The Cash on Cash ROI isn't coming out great at this time (I was conservative with my numbers though). The property is in good shape and is in a desirable area of the community. Some of the main issues I found are the landlord is paying for all bills (electricity, heat, water, sewage, trash). Hence, the bills are insane (Average $450 for electricity/ month; $580 for gas/month; $200/ month for water/sewage/trash). The tenants have laundry and dryer hookups and each set of tenant has their own washer/ dryer installed. Also, during December, some tenants had ACs installed. The heat setup is a single natural gas boiler. + +Some of the things I am thinking of working on to increase the cashflow is: + +\- Get an energy audit (Mass Save) and get any insulation/ air sealing work done to help with reducing the heat/ electricity bills. + +\- See if I can get the tenants to start paying electricity bills. Some electrical work is required to get this done (as there is no landlord meter at this time but there are 3 sub-panels and one main panel) but at least I can start with at least one/ two of the apartments. + +\-  Change the heat boiler (water based) to a higher efficiency one. Currently, its a 1960s oil boiler that was converted to natural gas. I am sure the efficiency of the boiler is low compared to today's boilers. Look into splitting one boiler into three and make tenants pay the heat bill but this will probably be too costly. + +\- Currently all tenants have dryer/ washer hookups in the basement and hence, water bills are probably high. Change it to coin-op washer/ dryer to make tenants more accountable/ reduce water usage. I would probably have to wait until current tenants leave as I am sure they won't be happy if I change it now. + +\- Currently, tenants are at will (no lease). Create a new lease where I state fines for having ACs in the house during Nov-March and if windows are found open. + +\- This is a buy and hold property. I am hoping above changes will improve the cashflow.  Please let me know your thoughts and any other recommendations. +Hello Everyone, + + I figure with turning 30 this month, I may be able to write a bit about my 20s, what was right, wrong, and what I regret not doing. These ideas are not perfect, but they may help some of you about to embark on your third decade. + +**A little about me** - I grew up and reside in the Lower Mainland in BC, one of the most expensive places to live in Canada, and possibly the world. I graduated HS in 2002, and attended and dropped out of college when I was 19. I decided to work instead of school. I bought a house when I was 26, and have only recently decided to attend class again part-time while working full time. I expect to receive my 2-year paper when I'm 32, and my degree when I'm 36. I have a good job, great benefits, and have worked hard to earn a management title, all without any formal post-sec education. Some people do much better than I do, others do much worse. I feel I'm "middle of the road" for someone without post-sec education. I live with my gf of three years, living together 2, and we have no children. We're dual income, but only started this recently, so it has little bearing on the majority of my post. + +**Things I learned in the past 10 years** + +*1) Time flies when you're doing nothing.* - Seriously, I spent about 8 years just working and paying bills. I remember having my 24th birthday like it was yesterday, and that was six years ago. If you're not working towards something (anything), time will literally disappear, and you'll never get it back. Going back to school was the best thing I ever did. I enjoy my free time much more, and time seems to pass slower because I have so many more accomplishments in a short period of time. + +*2) You have lots of time to find work, if you want an education, go for it* - I don't regret dropping out of school when I was 19, but I do regret not finding a new study to replace it with. It is much harder to get a degree when you're carrying a mortgage and working full time. I wish I had used the four years and my savings to work towards a degree as fast as I could. I have done well without school, but it doesn't change the fact I wish I had taken the time to do it when I was younger. Some of you may not want or need it, then good on you! Get earning and get saving. + +*3) Credit and loans are the devil* - I've found there are only a few things worth using credit for (See new edits below on this one). Housing, education, and emergencies. Even with that said, don't pay the minimum down on your mortgage like I did. What a stupid idea that was. If you have the income to afford a house, save up 30% or more down, and pay rent at a small place while doing so. I paid 5% down on my house, and my interest kills me. Don't do it. I wish I had saved up $1000/mo for 5 years, paid someone $500/mo to rent a small suite, and then bought my place. My mortgage would be much easier to manage that way. + +Student loans are worth it too as long as you're not in it for years. I see stories about people being $50k in debt, and that doesn't seem reasonable or manageable. Find a way to subsidize yourself, even if it means living at home and working p/t in order to take out a smaller loan. Education is worth it (unless you're an art history major, sorry if you are). + +*4) Car Loans* - Just don't. I have spent so much time paying for car loans that I can't even believe it. I have 2 years left on my current car loan and then I will never take one again. I'd rather spend $5000 on something I can pay in cash instead of $20000 where I end up forking over another $5k in interest along the way. I would recommend cheap, reliable cars until you're in a position where you can afford something outright. If you do things right, you should be able to buy whatever you want a little later in life, using CASH. **See edits below on this one. + +*5) Investments and properties* - Ok, so I was lucky here. I have an employer who pays dollar-for-dollar RRSP (401k if you're in the US) up to 6% of my gross income. It means that every month I end up with about $500 in savings towards retirement. Combine it with the American equity returns in the last 3 years and it has amounted to a tidy sum of money that continues to grow at 8-10% a year (I had a 26% return in 2011). But you may not be me. So I recommend that once you get your life together, and no matter your job, you always sock away 6-10% of what you earn. When your income is solid and consistent, jack that number up to 15%. If you do have an employer retirement plan, use it or a financial planner to start planning for retirement as soon as your education is done (if you want/have one). Investment is the key, you'll need more than the 1.2% return that your savings account will get you. + +My home - I love it, and I'm glad I have it. But I made mistakes here too. I bought too young, with too little money. I bought when I thought the market was down in 2010 because I was going to "get ahead of it" and hope for a return. NOPE. My home is worth less than I bought it for, and my payments suck. If you're looking to buy a house than you can upgrade in 10 years, speak to an property specialist to see where you should buy to increase your chance of return on sale. I didn't do this. I have a house that will eventually yield a return, but it still might be another 15 years away. Everything I thought I "knew" about buying my house was wrong, and now I see I could have asked and avoided this. That said, I can afford the payments and it is a nice place, it just ain't worth squat. + +**In Summary** + +These are the tips I can give you in point form: + +- If you want an education, get it early + +- Only take out loans you need. If you want toys you can't afford now, you probably can't afford them next month when your payments come up. + +- Set goals for yourself. Doesn't matter the goal, having something to work towards will make time slow down. Time does fly when you're idling and doing nothing. + +- Buy cars with cash, houses with credit, and education 50/50. + +- Invest your savings. Set up a meeting with your bank if you don't know what this means, even low risk is worth far more than just a savings account. + +I hope this helps someone, but it might just be the ramblings of a 30 year old who needed to put his wins and losses on paper. Thanks for reading! + + +**Edits, notes, and additions -** + + - Car loans - a 0% car loan probably isn't a bad thing. Where I live they don't exist, but if you have one, then you're in the same boat as paying in cash. This point continues to be argued throughout the thread, going both ways. I hate interest and that is what I aim to avoid paying, the rest of the interpretation comes down to where you live, and how much you want to take on the liability of a loan, 0% or not. + + - Credit and loans - Several people have PMed me this - You need credit to get credit. I always had balances on my credit card so I earned credit well. Someone pointed out that you should be using a credit card for small things and paying them off in order to build credit. Gas and things like that. Seems like sound advice. My point was to try to avoid interest payments and long term loans that aren't getting you anything. + + - Saving while renting - apparently the math in my wishful plan was flawed. Before you decide how much to save and how much to rent for while saving, speak to a mortgage adviser. You may just actually be better off jumping in to that mortgage and shoving it all in there as quickly as possible. + + - Housing prices - those of you who live in Toronto, LA, DC, and other super-metro areas. I hear you, you are probably paying more than I am to live further away from your down town cores. But as far as general population spread goes, we're all above the average by a huge margin comparative to smaller cities all over the country. + + - General advice - I've received a lot of feedback that some of what I wrote isn't great advice (especially in the loans area). It is all based on personal experience, and definitely doesn't apply to everyone. Take what you need, or none of it! PM me if you have questions, there are too many conversations going on to keep up. + + - /u/marvelousthrowaway has some advice about mortgages in the US for those interested. http://www.reddit.com/r/personalfinance/comments/2ctrbz/turning_30_this_month_a_reflection_on_my_20s_what/cjjtblw?context=3 +Dear community! + +The deposit was sent to Poloniex wallet but hasn't been credited to our account. +The amount of money in the deposit is over $30000 and is very substantial for my family. + +Support ticket #148471 "Being Processed since 47 days 7 hours". +We've been waiting for 47 DAYS with zero response from the support! + + +Help us to contact any Poloniex employees, please! +We need our money very much! + +-------------------------------- +***UPDATE:*** + + +POLONIEX RESOLVED MY TICKET !!!!!!!!!!!!! +THANK YOU FOR YOUR HELP !!!!!!!!!!!!!!!!!! +I've been in this since February 2021. I've dollar cost averaged down from $299 to $140. I bought a shit ton of stock when we hit $80. I bought a bunch more last week. I'll buy more next time I get a paycheck. I don't post my positions for the bot but I am direct registered with computershare. + +There are others like me I am sure. + +I've been waiting for this week all my life. I literally got goosebumps when gamestop announced that they were going to ask for a share increase to give a dividend. + +I've voted twice. + +I have a wallet, and I bought from the NFT marketplace first day. + +I grew up a gamer, and still love to play video games. I buy exclusively from gamestop now. + +We are on the precipice of history right now. It's my privilege to be here with you. Holding. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Buckle up! +Hi all - planning to FF in 2 yrs and I am contemplating what to do with our 2nd home. Any advice on keeping, selling or renting is greatly appreciated. + +Bought a beautiful oceanfront property in Maine in 2016 for $1.4M to be used solely as a retreat for our family of four (ages today….48,47,15,13) + +6 yrs later it’s clear that my expectations for the house were only partly realized. My wife isn’t that into the house for a variety of reasons (neighbor situation, logistics of two houses, balancing kids schedules while maximizing our time there every weekend in the summer. My kids like the house but as they’ve gotten older I feel like they could take it or leave it. + +The beach house is 100 miles from our primary home in MA, so we’re able to get there in 1.5 hrs. We close it down in November and open it back up in May. + +The realtor we dealt with when buying the house recently reached out saying he has multiple buyers interested in the property and would list it at $2.2M. My remaining mortgage is $720k @3.375. Its our only debt. + +At this point, I don’t feel like keeping it as a vacation home to be used by our family is a smart option and I think I’m ready to sell it or rent it out. + +Sell it - re-invest a nice profit and wipe my hands clean. + +Rent it - this interests me. It would give me a side-hustle when I retire in 2 yrs at 50. I know it would be a lot of work but I feel like I would enjoy coordinating the logistics around a short-term rental scenario. It would give me an excuse to visit the house on a regular basis, carve out windows of time where we could still stay there, and still keep the option of selling it down the line. The house would rent for $6k/week. I would target renting 10-15 weeks each year. + +If I pursue the short term rental option I’d look to refinance, possibly with a collateralized loan with a private bank. We have $8M in investable assets. + +What option would you choose? Wish everyone a fat and prosperous 2022! +Post a meme, great. Post information and some noobs will confidently shit on it. I love it. This used to be a sub for the knowledgeable, but now it’s truly mainstream reddit. Not complaining, welcome. Thank you all for being here. Great “beige book” sign of mass adoption. + +Go buy some bits and use them in a store, or save some for your future. + +Edit: thank you for silver! +Hi + +I'm here just to double check we aren't just unlucky. My partner works as an interpreter for a company on a casual basis. Pre covid her income was always +£1500 net per month. When first lockdown happened, her employer said they won't furlough her because she isn't a permanent employee and just a causal worker. We applied to universal credit and got refused as I have my own income which takes us above the threshold I guess. The main issue is that my partner is in several thousands of £ in debt and it got worse due to losing 90% of her income and she couldn't get her hours in. Is there any financial support that we are missing out on that was meant for PAYE casual workers or freelancers due to COVID ? +Hi, + +When I was 16 I opened my first bank account, an Halifax easy cash account. + +Without me knowing, my mum took my card/account details and opened a large overdraft on the account and maxed it out. + +This was ten years ago, I since have opened a new account and went about my life. + +Recently, I found out she was still using it and constantly hitting the overdraft limit and had been for the past 10 years. She says she can’t afford to pay it off, should I approach the bank about this? I don’t want her to get into trouble or anything for fraud. + +Worried about it affecting my credit rating. + + +https://theprovince.com/investing/saudi-arabia-has-bought-8-stake-in-worlds-biggest-cruise-operator-carnival-for-bargain-basement-price/wcm/7e44dc0c-9fea-454d-a1ae-b34f47c8853b +Might as rename this shit to NanoDaily cause no1 talks about anything else. I just cant believe this amount of hopeium is real. This is the main reason why I havent bought. Something smells wrong. Last time I saw a post get hellllla upvotes constantly was + +Req, Power, relex, elec, sub, and some other shitcoin that didnt do anything... + +Now the same brigading is happening with nano.... + +I'll just wait til they get an attack from their own community, from the govt, and from cypher punks, and survive it...I'll consider.... for now shit smells like fish. + + +Edit: 313 comments!!!!! God damn... it's almost ironic that the thing I'm questioning happening to be fake is happening right now on this post. Mention nano = millions of comments and upvotes. Is this natural? Bots? Did I ask a good question? What's going on????? +It'd be great to drop my $953/month mortgage for my $2,400/year dividends. I know there would be taxes to pay for selling stock but to pocket that mortgage amount each month seems like a no-brainer. I do understand that stock returns can outpace my 4.5% mortgage rate, but to drop that mortgage makes so much more sense. Can r/investing provide me some insight I may be missing on this decision? +Since 2012, share prices have stagnated around $45-$50 a share. Why is a big company like Bell’s share price not growing? + +Edit: That clears it up for me. Thanks everyone +I know this may be too speculative for a proper response but I'm finding it strange that while BTC is hitting record highs the BTC mining companies (e.g. HUT, HIVE, and(for a few hours today) BITF) are dropping. + +I'm finding this especially strange since as I understood it a good chunk of the assets of these companies is BTC itself. + +I know the market can be irrational, but I'm looking to better understand why we'd see drops in the mining companies when the underlying currency is increasing in value. I don't think there's been any change in supply of hardware technology, changes in electricity prices, or other things that might negatively impact non-BTC assets. + +I was thinking it could have just been a day of investors selling more than they were buying, but am curious what the broader community thinks. +We moved in in Jan and looking at the current housing I cant find similar properties and even if I find smth a bit further away, its couple hundred £ more p/m. + +Did you move in the last 12 months? Would you find for the same price now? +Im really nervous. The bond market has started to shit the bed and soon the stock market. + +I trust in GME but holy fuck shoot me if I’m not scared for what’s about to happen if I read endgame and milkshake from u/Peruvian_bull right. + +I read the DD but I can’t understand what the world monetarily is gonna look like when the dust settles. + +I just need some reassurance + +#IS EVERYTHING GOING TO BE OK? + +IN GME I TRUST + + +^MAY ^CTHULHU ^HELP ^US + + + + +Note: I forgot to take my anti-depressant/anxiety meds the day I wrote this. That’s why this is in stark contrast to my “normal” posts +I started Day Trading in my retirement account in March 2021. In the last 6 months, my returns are +6.69%, while S&P 500 Index returned 18%. Prior to March 2021, I had AAPL (75%), MSFT(5%), MU(5%), and ORCL + BABA + HPQ + Cash (15%) for the last 5 years without much change at all (buy & hold). My 5 year return & 3 year return are way better than indexes. Since I took over and started Day Trading, the returns tanked. Some people are even saying that I am lucky because I did not lose money like 95% of other Day Traders. I felt so busy in the last 6 months picking stocks, following markets, listening to Bloomberg TV, viewing technical analysis videos on YouTube, sitting in front of the computers from 8am to 4pm and of course day trading, all the while family members are annoyed for not helping with any tasks during the trading hours. + +Is it worth? Please advise and share your experiences. + +&#x200B; + +https://preview.redd.it/v57o3yojv4k71.jpg?width=739&format=pjpg&auto=webp&s=8f950e37de4b967996b8c73d39ff019273756100 +Guys, I'm a recent graduate, have an interview for an analyst position. It's very excel heavy, all I can do is some basic formulas and formatting. I'm looking for any advice/tips on what to study to impress them. +At least once a week on /r/povertyfinance or /r/personalfinance, we have a highly upvoted thread extolling the pay of trade skill careers. These jobs are supposedly paying tons of money (the amount of the hyperbole varies by thread, but people claiming plumbers make 6 figures is not unusual). People also claim that there is some sort of huge demand for these jobs. + +So here is the data on the most popular trade skills and what they actually pay at the national median (including whether or not the occupation is actually growing): + +* Electricians - $26.53/Hour (Normal Demand - Average Job Growth Rate) +* Plumbers - $25.92/Hour (High Demand - Higher than Average Job Growth Rate) +* Carpenters - $22.40/Hour (Normal Demand - Average Job Growth Rate) +* Truckers - $21.00/Hour (Normal Demand - Average Job Growth Rate) +* Welders - $19.89/Hour (Normal Demand - Average Job Growth Rate) + +This is nationally representative data pulled directly from the [BLS Occupational Employment Survey](https://www.bls.gov/oes/). I'm posting hourly rates because every time this data is brought up, someone always claims the yearly rates don't take into account overtime. So lets just consider the hourly rates. These median rates are what the 50th percentile of the occupation make. Yes, it varies by metropolitan area. And yes, if you are in a union you will make more. But there just aren't tons of unionized very high cost of living metropolitan areas where you have large numbers of trade apprentice positions open. + +I really think its important for people to look at the facts before jumping into these careers. *In general, trade skill jobs do not pay a ton of money relative to an area's cost of living.* This makes sense if you think about it - a job cannot be (A) in high demand (B) be so easy anyone can do it and (C) pay large amounts of money. That isn't how labor markets work. + +Ultimately there is nothing wrong with trade skill work. Its a honest living, if you enjoy that type of thing. And although the pay is not great, it pays OK in most cases. But the number of cases where anyone in a trade is making the hysterical amounts of money that often get talked about on reddit is ***extremely*** low. Like any other career, someone has to be in the top 1% of the salary range. There are plumbers out there that really do make $100k a year. But it isn't normal and isn't a realistic pay level for 99% of the occupation. + +It is important to acknowledge what people are actually getting paid at the median - and that most of these careers are not in high demand. What people are doing instead is finding those handful of plumbers that make $100k a year and then imply that this is normal (or at least not unusual). It would be like saying being a cashier is a great career because there a handful of Costco cashiers in New York or California who make $80k a year. That is true - those cashiers do exist. But no one would take that information and then proclaim being a cashier is a great career option. Yet we're doing it with trade skill occupations for some reason. +Hi all + +I've been working in the public sector for a long time (since I was a grad) and am soon moving to a large corporate to work in international tax. + +I hit a point of diminishing returns in the public sector and am willing to take the lifestyle hit to hopefully benefit my career and gain some much needed stimulation. + +Has anyone else done the same? How was your experience? Any tips on transitioning? + +Cheers +I'll preface this by saying this is 100% my fault for not checking my bill and meter readings every month, a very expensive lesson I've now learned. + +Background is that we've lived in the same property for a number of years and our Gas/Electricity bills have been basically flat. I auto switch every year via money saving expert, pay by direct debit and that's that. + +However in the last 18 months 2 things have happened, we've started a family and both been at home full time during the pandemic. Now in the back of my mind I thought this would impact my bills but in the new parent tiredness haze forgot to pay much attention to it. + +Turns out the impact has been much greater than I thought and when the auto switch happened last month and I submitted our final meeting reading, we owed circa £1k!! Having now done some investigation this is 90% driven by the fact that our Gas usage has more than doubled whilst our direct debit remained flat. Causes of this are: + +1) Having to heat the house during the day whilst we are both working at home and + +2) Wanting to keep the house at a flat 20 degrees all night every night (after a midwife told my partner this was optimal for reducing the chance of cot death) EDIT important to note this is not official NHS advice. + +Overall impact is the heating has gone from being on twice a day for 90 minutes to on a lot day and night especially during winter. + +In summary don't underestimate the impact being at home all the time may have and don't be an idiot like me and fail to check your bills every month "as it's always been this way"! + Do not miss out on BEPRO! Real 100x potential <12M market cap. 700M+ potential. + +“BEPRO Network is a codebase for DeFi, Gaming, Prediction Markets & More.” "providing a no coding required technology and support for blockchain-based applications.” + +A fully customisable white label solution for crypto-enabled online casinos, Esports betting apps, slots, prediction markets & more. + +In-Play odds and live betting on E-sports with Twitch streaming integration, one of many features that I think will be huge. + +Recent announcement of partnership with Polkamarkets, not only that have recently announced BEPRO Network CEO Rui Teixeira is also a co-founder and board member of Polkamarkets. + +“Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real world events–in a decentralized and interoperable platform based on Polkadot.”. + +Another huge partnership with $EGLD. + +Real clients and great team. + +Part of the roadmap for H1 2021 is to potentially pursue a Tier 1 Exchange Listing e.g Binance, coinbase etc. + +Moonbeam the Polkadot smart contract platform also releases in the 1st half of this year and when it does I think Bepro will explode. + +A low market cap of $12.5M. + +1,825,000,000 circulating supply with no more coins to be released this year. + +Currently $0.007 per coin. + +Funfair are a similar, sub-par platform with nowhere near the features or potential of BEPRO and has an all-time high market cap of around $700M. If Bepro hits 700M that would make bepro around $0.38 a coin (60x). However I truly believe BEPRO can do much better than this and hit $0.60 – £0.70, a 100x from here. + +I first bought in at $0.0016 and I’m still buying. Trust me when i say It’s not too late to buy, this will explode!! +🔔🔔**ORCAX TOKEN HAS BEEN LISTED ON COINGECKO** 🔔🔔 + +Go check it out and add it to your favs 👉[https://www.coingecko.com/en/coins/orcax](https://www.coingecko.com/en/coins/orcax) + +🔥**6000+ HOLDERS REACHED IN 24H** 🚀 + +🔥**110,000$ / 205 BNB ALREADY DONATED TO CHARITY** 🚀 + +🔥**6 MILLION $ MARKET CAP REACHED** 🚀 + +OrcaX ($OX) is a brand new BSC token that is less than a day old with a very unique use case that aims to help people. THIS is THE charity token by excellence, 3% of every TX is sent directly to the Binance Chartiy fund, 2% is redistributed to holders and 3% is burned. They are aiming to be a deflationary token with an actual purpose and hope the community will follow them in their cause. + +Source: [https://orcax.finance/](https://orcax.finance/) + +They are actively working on the Blockfolio listing. They need your help to make it to the top. This is very important. **Once they are on Blockfolio, OrcaX will be listed on CoinMarketCap faster!** **🚨Please take the time to upvote the Blockfolio coin request 👇** + +🗳[https://blockfolio.canny.io/coin-requests/p/orcax-httpsorcaxfinance](https://blockfolio.canny.io/coin-requests/p/orcax-httpsorcaxfinance) + +**Huge marketing campaign on Youtube is planned for today and tomorrow. Videos are going to be posted on 4 big channels with a total of 460K+ subscribers. Stay tuned for the news 👀This is going to be EPIC 💎** + +Check their website and whitepaper for more details 🤓 + +**What else is happening today ?** + +✨Facebook page is being created at this very moment + +✨Instagram will be ready by EOD + +✨Subreddit created r/OrcaX + +✨Hiring of TikTok influencers (we are looking for more candidates, if you know someone please shoot!) + +**Key Milestones** + +🔥**PRESALE COMPLETED IN 1 MINUTE** + +🔥**1000+ HOLDERS REACHED IN LESS THAN 30 MINUTES** + +🔥**2600+ HOLDERS REACHED IN LESS THAN 4 HOURS** + +🔥**COINGECKO LISTING WITHIN THE FIRST 24H** + +**Tokenomics** + +🔸 Token Name : OrcaX (OX) +🔸 Reflective    +🔸 2 % redistributed    +🔸 3 % burned    +🔸 3 % charity +🔸 Total supply: 700,000,000 OX +🔸 Marketing: 28,000,000 OX (locked 10 days, vested 1% per day for use in marketing campaign) +🔸 Team: 28,000,000 OX (locked 6 months) +🔸 Presale: 325,000,000 OX +🔸 Listing: 260,000,000 OX + +**Presale** + +🔸 Softcap: 50 BNB +🔸 Hardcap: 250 BNB +🔸 Min participation: 0.1 BNB +🔸 Max participation: 2 BNB +🔸 1 BNB = 1,300,000 OX +🔸 Presale price = listing price + +**Useful information** + +🔸 Dev Wallet / [Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0x7ae0ba9f54F1335E77c69Ab4b969DB5a230795B4&type=tokenlock&chain=BSC) +🔸 Marketing Wallet / [Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0xFECED544cD2D13cf8330D458D77bd624dEe38dDE&type=tokenlock&chain=BSC) +🔸 [Burned token](https://bscscan.com/tx/0xdd79cbec0e1748db9cdac87b0959a7bfba6815654edf9abdf2c0a92f2159e02d) +🔸 Ownership : Developer + +**Links** + +🔎 [BSCScan link](https://bscscan.com/token/0x139dd9203c8E46d15B3896814Dc9424c5e5559fA) +🥞 Buy on [PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x139dd9203c8E46d15B3896814Dc9424c5e5559fA&inputCurrency=BNB) +🔗 [DXSale (presale link)](https://dxsale.app/app/pages/defipresale?saleID=1345&chain=BSC) +🌍 [Website](http://orcax.finance/) +🎬 [Crypto Pablo's Youtube channel](https://youtu.be/M9OvsMPTl3U) +💬 [Telegram](https://t.me/OrcaXOfficial) +🐦 [Twitter](https://twitter.com/OrcaXbsc) +📃 [Whitepaper](https://orcax.finance/documents/whitepaper.pdf) +💩 [Chart](https://poocoin.app/tokens/0x139dd9203c8E46d15B3896814Dc9424c5e5559fA) +🗳 [Blockfolio Coin Listing](https://blockfolio.canny.io/coin-requests/p/orcax-httpsorcaxfinance) + +Everyone is so excited because this is not just a quick medium of hefty profit, but they have a real purpose and they have a solid roadmap, this one can go long term 💎 A very fun and refreshing project. Make sure to get your ticket to the moon !! + +Go team Orca X Charity 🚀 + Do not miss out on BEPRO! Real 100x potential <12M market cap. 700M+ potential. + +“BEPRO Network is a codebase for DeFi, Gaming, Prediction Markets & More.” "providing a no coding required technology and support for blockchain-based applications.” + +A fully customisable white label solution for crypto-enabled online casinos, Esports betting apps, slots, prediction markets & more. + +In-Play odds and live betting on E-sports with Twitch streaming integration, one of many features that I think will be huge. + +Recent announcement of partnership with Polkamarkets, not only that have recently announced BEPRO Network CEO Rui Teixeira is also a co-founder and board member of Polkamarkets. + +“Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real world events–in a decentralized and interoperable platform based on Polkadot.”. + +Another huge partnership with $EGLD. + +Real clients and great team. + +Part of the roadmap for H1 2021 is to potentially pursue a Tier 1 Exchange Listing e.g Binance, coinbase etc. + +Moonbeam the Polkadot smart contract platform also releases in the 1st half of this year and when it does I think Bepro will explode. + +A low market cap of $12.5M. + +1,825,000,000 circulating supply with no more coins to be released this year. + +Currently $0.007 per coin. + +Funfair are a similar, sub-par platform with nowhere near the features or potential of BEPRO and has an all-time high market cap of around $700M. If Bepro hits 700M that would make bepro around $0.38 a coin (60x). However I truly believe BEPRO can do much better than this and hit $0.60 – £0.70, a 100x from here. + +I first bought in at $0.0016 and I’m still buying. Trust me when i say It’s not too late to buy, this will explode!! +Hello you sexy silverbacks, I’m one of the many silent holders and I’m really hoping at least one ape *tries* to read this shit. It’s taken me some time to go through everything and type this up, **so go find somebody with a nice deep reading voice baby I MEAN I’M JACKED,** + +IM JACKED TO THE TITS +I’ve seen scattered posts on a lot of this stuff, but I’m trying fit the pieces into a more linear argument. I do my best to present data and let it tell it’s story. + +That said, I wrote I a lot of shit down there, so I wrote most of it in a way that hopefully won’t make your mom’s boyfriend fall asleep while to reading to you. + +I think I linked everything I used so .. + +Please let me know where I’m off!! +( [This important post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Makataui](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Makataui/) - a Psychology professor who’s made a living on his ability to logically discern shit- goes over the importance of critical thinking, **especially in our dopamine bath of confirmation bias and group polarization** !! Save it for later, at the very least. ) + +Also this isn’t advice, some of it **will** be wrong - it’s my interpretationspeculation of data. + +It’s blind ape’s description of an elephant. + +TLDR: +If you don’t like foreplay you can skip to the numbers warning. If you don’t wanna read any of it I guess just hodl until Jan 21, or at least wait for a bankruptcy or two. Basically there are so many ways to indefinitely roll FTDs into the future, the number of actual fails in GME, and maybe the whole system Idk, is pretty much a measure of Wall Street’s integrity. + +// + +**Okay, so** + +1\. Options Options +I’ve been digging through [GME options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-04-30-w&moneyness=allRows) for a while, and I found some, uh, colorful numbers. I’m hoping someone less autistic than I am can tell me why they smell like horse shit. + +Most of GME’s expiry dates, **EXCLUDING** 7/16/21 and 1/21/22, are pretty boring. Not only are there low volume and open interest, there are far fewer strikes with interest, *especially* at sub $50 strikes. But for July 16 and Jan 21, strikes climb in $0.50 increments up to $5.50. Most other dates begin $5, usually moving in $5 or $10 increments. + +Alright I’m losing you already so I’ll back up and explain as I go along. If you know this shit already skip to - (???????? ????????) + +Each option contract (call or put) represents a non-obligational right to buy (call) or sell (put) x number (usually 100) of shares for an agreed upon price (strike price) per share, by an agreed upon expiration date. **These are contracts, not shares - owning the right to buy/sell has an opposing obligation to deliver/purchase.** This means that options traders are not required to buy contracts before selling them. Typically the trader will instead buy 100 shares of the underlying security to “cover the call”. + +This is one reason why looking at open interest data is useful. Open interest is the number of contracts yet to be settled at some expiration date, and the options data I linked above shows the interest of individual strike prices within that date. + +Contracts can be settled (and thus OI decreased) in 3 ways: 1) they can be exercised (buyer exercises his right to buy/sell), 2) they can expire worthless, 3) the seller can purchase the option back from the market + +Btw notice how I said “market” and not “buyer” - that’s because when a contract’s seller buys to close, the market (the OCC) fills his buy order (bid) with a random seller, even if one of his original buyers has a sell order (ask). + +This is largely for two reasons: 1) So a trader on Citadel’s trading floor can close his position without waiting for individual RobinHood buyers to sell their calls, and 2) to prevent a trader from just buying calls from Phil down the hall (this will come up later, surprise lmao ofc he still can) + +Options chains are usually organized by strike prices at different expiration dates, and every buyer has a seller, so even if a trader buys to close, the overall OI on $60 calls will only decrease if he manages to buy back calls he originally wrote, otherwise that interest is just shifted to Credit Suisse or whoever sold. + +**This means that, even if a trader’s initial option position is closed, the option will still have interest until all buyers decide to sell.** + +Note: Options are typically organized by strike and expiration, but that **does not mean** all traders trade at single strikes. A trader can fill my 250k order at $60, or he can tell me to fuck off and write 50 calls at every strike from $40-$60, adding more room to hedge and possibly making liquidity easier. + +So remember how I said there were options on 7/16 and 1/21 in 50 cent increments up to $5.50... + +(????????????????) + +2\. ETFs\, FTDs\, WTF +This is probably where you may want to break out the tinfoil... + +By looking at an [option’s price history](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME%7C20210716%7C0.50P/price-history/historical) you can see when that option began trading, hinting at when the option was originally written, and almost every option within those weird 50 cent increments began trading just after the 2020 dip in March, with some going back further into 2019 at very low activity until March 2020. Note GameStop was trading around $3.50 before the March 2020 drop. These March dates aren’t regular, either. Most other options were not traded until November, 2020. + +\*\* *cue speculative cutscene* \*\* + +Now, if I’m Phil the Hedge Fund Manager in March, 2020, looking at brick-and-mortar GameStop, a company I’ve been short for years on that’s now trending into the dirt BEFORE a global pandemic — and I’m watching all my friend’s brick-and-mortar short positions furiously shitting Benjamins, what better way to print free money than just sell bunch of calls and wait for the iNeViTabLe bankruptcy? Mother Nature just broke into the ICU and stuck a knife in GameStop, says Phil, so if any of the calls are executed I’ll just borrow the shares to cover them for a measly $350 per contract and maybe I’ll borrow some more to deliver the first batch I borrowed. What? FTD? Is that like FYE?? Ehh who cares GME will be in retail heaven with Blockbuster and Toys Were Us by January. Flu season in a pandemic?? I’ll see you in Barbados boyzzzz + +MAYBE Phil, with Ponzi-the-money-printer, earns his firm, Edgar Capital, [**60 PERCENT RETURNS IN 6 MONTHS**](https://web.archive.org/web/20210504013036/https://fintel.io/ip/melvin-capital-management-lp) and now his bosses who earned 10% last year are literally asking him to fuck their wives. And their daughters. In Barbados. + +Maybe things start to get [a little tense](https://web.archive.org/web/20210504013036/https://images.fintel.io/us-gme-fails-to-deliver.png) toward the end of September. Just a month ago Phil thought FTD was an STI and now people are calling him Margin Capital online :( + +Now seems like a good time to talk about what exactly happens when a trade fails. If your trades fail all the time already, skip to - + +(????????????????????) + +It might be helpful to think of any given hedge fund or capital group as.. less like a chess grandmaster and more like the guy who sells hotdogs downtown at 2 am. He picks the street, maybe he makes the chili, but unless he’s selling to a restaurant, he’s kinda fucked unless people stumble up to him. He’s got some wieners in stock, but if there are more buyers than wieners, he might take their money and tell them to come back tomorrow for their hotdogs. + +Now picture millions of these bastards huddled inside their Broker-Dealer Cafeteria’s, all stuffed inside Market Maker Superdome selling and promising food all day to orders coming in - add a few more superdomes and replace hotdogs with stocks, ETFs, options, blah blah that’s basically the stock market. + +To set the scene, it’s late August, 2020, and Grandma buys a share of Monster and at the end of the day, Phil has no Monster. Usually Phil’s BD will lend Phil its shares (or just create them..) for a day or two, and if he doesn’t find Grandma’s Monster by then then, he must declare a fail-to-deliver. Well Phil has amnesia and after two days he just declares fail-to-deliver. Phil now has 3 days to find the Monster or Phil’s Market Maker (who clears the BD’s trade), on the fifth day, will force the BD to buy one with his money. + +*Unless* that BD vouches that Phil’s a kind, forgetful guy, in which case Phil gets to tack on another 3 days. + +[This SEC document](https://web.archive.org/web/20210504013036/https://www.sec.gov/investor/pubs/regsho.htm) goes over these guidelines btw I’m not just spitballing + +*In a shocking twist of events* - Apple buys Monster and now Phil’s fucked. There are no shares to borrow and Monster is too expensive to buy. + +Let’s say the BD’s Market Maker is Phil’s wife’s boyfriend’s brother - and honestly the MM has so many shares he wipes his ass every day with them every day, so - if there’s an ETF (basically a veggie burger of shares) containing Monster, he can use his MM authority to throw some Monster into a 50,000 share burger called a creation unit, then sell it to BD as a new share of the ETF. BD trades the ETF to Phil, who’s been holding the BD’s share so he doesn’t fail to deliver, then Phil plucks a Monster seed from the burger and *voila* Monster is on the books - Phil shows the BD the MM’s shares, winks, and the FTD is settled. On paper. + +The DTCC is the final clearing destination for most US trades. They allow 35 calendar days for MM’s to settle, so Phil rented the MM’s extension and the MM is trusting Phil to find Grandma’s Monster in 35 days. When he does, he can sell the newly minted ETF share back to the MM, the MM puts the shares back in their places and it’s all roses and ???????? + +Oh btw, to tie in the hotdog guy analogy, you probably won’t be surprised to know that the Superdome owns a lot of the Cafeterias inside. Many Market Makers *are* Broker-Dealers. This reduces internal regulation, and, because these trades are often beneficial for everyone except Grandma, they can potentially be abused. + +Okay to keep things realistic, let say Monster’s only ETF is the Wedbush Addictive 50 ($WADD) and holy shit, Apple is in there too. Just before the ETF-burger move, the MM is out of Monster and and Phil’s fuckedfucked + + + +In this situation, Phil can simply offer his wife to his MM, in which the MM can build the WADD as a creation unit of IOU’s, called an [ETN](https://web.archive.org/web/20210504013036/https://www.investopedia.com/investing/etfs-vs-etns/), from which Phil can pluck the Monster IOU, and *voila* - Phil’s has a happy Grandma and a happier wife + +(????????????????????) + +MMs generating ETFs and ETNs as a means of lending less-liquid securities inside, is well covered in [this presentation](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg). This is one way to conceal fails, but they’re not *entirely* hidden - the fails may still show up within the ETFs. + +**As I understand it, if this were the case with GME, or any security, you would expect repeated spikes in ETF fails, \~6-8 days after the security fails.** + +Of course this would smell like bull shit from a mile away, so there are a few other ways fails can be kicked down the road. They’re not my secrets lol both of my great grandparents are still alive - the SEC warned about them in 2103: + +// + +Side note on ETN’s: + +ETN’s are, by definition “unsecured debt obligations” - and they have legitimate benefits. As debt obligations they also have risks, as [this presentation from 2019](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg) discusses. + +I have a concern I really hope someone can ease for me. A short position is a debt obligation, so wouldn’t borrowing to cover a short create a collateralized debt obligation? And if ETN’s are basically virtual, unsecured debt obligations, **wouldn’t repeatedly using ETN’s to cover short positions create a synthetic collateralized debt obligation?** + +Yes I’m unashamedly using 2008 hot words, and maybe I shouldn’t, but considering the (albeit extreme) example at 28:00 in the video I linked above, when XRT (ETF containing GME) reported 78m ownership of 11m outstanding shares - + +That’s a security-stew of 11m veggie burger bits floating in a broth of 67m promises. Priced by the pound. + +I genuinely hope this FTD shuffling tactic isn’t accidentally (or otherwise) creating synthetic CDO’s. Remember the Asian dude Michael Scott’s alter ego almost strangled in a restaurant over how completely autistic derivatives of synthetic CDO’s were? Wouldn’t that just translate to all options contracts and other derivatives involving ETF’s?? + +// + +3\. It Often Rhymes +**If you don’t read another word of this post, please please save** [**this SEC risk alert from 2013**](https://web.archive.org/web/20210504013036/https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) **to read for later.** + +That document reviews the FTD settlement guidelines that I went through earlier and discusses two other known methods of concealing fails: married puts and buy-write transactions. + +Reminder that this is all in relation to GME’s first big FTD spike in September and the July/Jan share price), essentially replacing the short position (shares are needed to exercise) + +**In either case, as with ETF/ETN schemes, the trader who was short is essentially paying the MM for access to the 35 day settlement exception.** + +(??????????????) + +4\. What You Know For Sure +Back to September. Hedge funds and Market Makers have been turning retail short sales into Ferraris and Ivy League athletic scholarships for the past 6 years. They successfully [strangled multiple businesses into bankruptcy](https://web.archive.org/web/20210504013036/https://stockhouse.com/news/newswire/2016/01/19/how-short-sellers-are-killing-companies-and-market). multiple businesses into bankruptcy and now flu-season was approaching amid not only a global pandemic, but a global microchip shortage that completely halted distribution of GameStop’s single biggest sales driver: gaming consoles. + +Its important to note that the market is a dynamic system that is **intentionally** confusing. There are hundreds of multi-million dollar firms placing thousands of bets, and generating liquidity through short selling is a genuine part of a MM’s job. + +That said, through BD/MM affiliation **that benefits both parties, even if caught and fined** - the potential for 1 or 2 disingenuous traders to begin contagion is a legitimate threat. [This video originally from 2003](https://web.archive.org/web/20210504013036/https://youtu.be/I0WXg5T3cBE) describes this in more detail. + +This is highly speculative and I should probably leave it out but fuck it + +In my opinion, given ample opportunity, deep fucking incentive, sound rationalization, and chicken shit regulation - it is seems possible that, on a market wide scale, 100+ million shares that should have failed-to-deliver are quickly, and sometimes fraudulently, shuffled — via married puts, buy-writes, ETF manipulation including ETF/ETN creation units from a Market Maker, and writing naked calls — to maintain the virtual appearance of buying/borrowing shares to settle the FTD. + +The fuck was I saying + +Oh yeah September + +Back in August, [short interest reached $426 million](https://web.archive.org/web/20210504013036/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/). Correct me if I’m wrong, but at \~$4.70 share price, that’s over 90 million shares sold short. If that’s accurate, that’s uhh.. a little aggressive there, chief + +So by September, fails start rolling in. Phil is seeing FTD tags in his nightmares - *Fuck, how many calls did I sell? How many shares do I have? Are those shares borrowed? What the fuck is a DTC??* + +At this point, Phil has to decide between: + +a) cutting his possibly massive losses and unwinding one of the biggest cash cows beneath the [64+ billion dollars](https://web.archive.org/web/20210504013036/https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN29U00R) hedge funds made in 2020, or + +b) paying a small fee and risking another small fee to double down and stay short + +Oh, let’s not forget that cold/flu season is approaching amid, not only a global pandemic, but a *global microchip shortage* that will probably slow distribution of GameStop’s single biggest sales driver: gaming consoles. + +Maybe Phil was smart and got out. Obviously his friends didn’t. 4.2 million shares failed in 2 days, October 13-14, and the 30m share Niagara Fails of December and January suggests some quadrupled down in October. + +5\. Everything in the World is Magic\.\.\. +**Here’s a puzzle:** + +Assume someone wanted to use some of the the neat and totally legalish tactics I so concisely described to indefinitely roll FTDs into the future — + +Using public data, estimate just how heinous GME’s actual rolling FTD number *could* be. + +I’ll shoot for a realistic degree of atrocity + +**(my limited understanding of) The Rules:** + +-Roughly, ( beneficial ownership ) — ( shares outstanding ) = ( total shares owed ) + +* Broker-Dealers have 2 trading days after a client is short to cover. Otherwise they report a fail and have 6 trading days after the fail to cover - which can be done btw by buying *or borrowing* shares +* *BUT* with a little Market Makipulation, BDs can temporarily report short on the 5th day after failure, wait 2 trading days before reporting a fail, then have 35 calendar days after the fail to settle +* Evidence of this process should include FTD spikes in one or more ETF’s containing GME \~6-8 days after a large number of GME fails + +( edit: [This post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Leenixus](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Leenixus/) overlays FTDs in GME and its ETFs and compares to other securities. ) + +* Accurately accounting for FTDs concealed with synthetic options positions and ETF’s is impossible, but I’ll do my best to explain my estimates. I’ll start by identifying FTD spikes, usually in groups of 3 or 6 days (because of the T+3 and T+6 settlement requirements). +* Oh btw, Citadel, the BD/MM in question here, [clears 99% of all options trades](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), so if there’s open interest in a contract, statistically there’s a 99% chance Citadel is liable to settle it. I’ll bump that to 100% for kicks + +Warning +?????? + +Numbers Ahead +// + +This **entire post** is built on using data to speculate. + +**The following argument, however logical or likely it may or may not be, is, obviously, speculative.** + +The puzzle is complex. The answer is likely more complex. + +Apes just hodl that’s not so hard. + +// + +GameStop Corp +[Fintel data](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/gme) (note: Month markers on the FTD graph mark the *middle* of the month) shows: + +\~4.1 million GME shares failing from September 2-9 (6 trading days) + +\~5.8m shares failed September 21-25 (5 days) + +\~4.2m shares failed October 14-15 (2 days) + +\~5.6m shares failing December 2-8 (5 days) + +\~4.2m shares failing December 17-24 (6 days) + +\~3.3m shares falling from January 5-11 (5 days) + +\~6m shares failing January 13-21 (6 days) + +\~5.1m shares failing January 26-28 (3 days) + +XRT +[XRT](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/xrt), GameStop’s most liquid ETF, had: + +\~3m shares failing September 28 to October 6 (7 days) + +\~2m shares failing December 15-17 (3 days) + +\~**5.7m shares failing January 28 - February 3 (5 days)** + +You can roughly see how XRT’s FTD spikes fit between GameStop’s. The 2 most other liquid ETF’s had spikes of \~100k or so. + +Based on the FTD data, let’s say, ohhh Idk - 4 million FTDs are rolling into January, using the ETF/ETN tactic to alternate between GME and XRT. + +Citadel claims to clear virtually all options trades, and based on [GME option data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-07-w&moneyness=allRows&view=stacked_ohl) call total OI is 104,221 on 7/16 and 1/21 alone. Total call OI from the other 10 expiration dates is \~105k for a grand total of \~210k interest. + +um +If [Citadel is clearing 99%of all options order flow](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), and they’re constantly [delta-gamma hedging](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp), what better way to roll a FTD than to: + +1. Make long calls a little cheaper and gobble up the bids. +2. Collect all 210k premium payments and now, as a MM, they have to [delta-gamma hedge](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp) those calls to claim a riskless position. +3. Use all those “for hedging” shares to satisfyextend the FTD requirement, then strategically dump the shares hedging all the calls *you think* will expire OTM, since no hedge is ultimately needed for a call never exercised. +4. EZ game, now Citadel gets to collect premiums for resetting some FTDs and driving the price down + +Delta hedging would typically require somewhere between 9-99 shares per call, with more shares needed for deeper ITM calls. + +**Taking the 210k (and counting) call OI as a whole, of which Citadel claims to clear 99%, if 50 shares are delta-hedged on average, that grants Citadel access to 10.5m shares for allocating to failed trades.** + +Of course not all of them would allocated, but the allocation process would essentially be the same as that time Phil lost Grandma’s Monster. This would mean that some portion, maybe a large portion, of GME’s daily trading is Citadel allocating and eventually repurchasing shares from its clients with high FTD’s. + +And maybe if there aren’t selling enough calls, the resort to [Buy-Writes](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/)... + +6\. Eventually\, Trust Fails +What in the depressing fuck kind of title is that + +Anyway remember when Phil’s MM made a WADD and Phil traded his wife for it? + +[XRT’s Options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/XRT/options?expiration=2021-05-07-w&moneyness=inTheMoney) reveals \~51k call OI over 11 dates, 45k of which are concentrated in only **3** dates: 5/21, 6/18, and 9/17. Notice how those dates fit nicely between 7/16 and 1/21, the two dates housing half of GMEs call OI. + +*tinfoil time* + +Ken sells calls and hedges and juggles FTD’s and Ken plans to pretty much do it until he retires. Well when those $69,420 calls expire, he should still have the one share he had to buy as a hedge. If he gave that share to Phil to cover both their asse(t)s he needs to either buy his share back or find another one. Well Kenny’s no rookie - he’s been doing slight-of-shares with ETF’s since, like, 2006 - so he buys or whips up or promises to whip up an XRT burger and everything’s ???? and ????????. + +Yeah that’s not gonna make sense if you skipped the foreplay, sorry. + +Well the only thing better than XRT is free XRT, so Ken can just sell cheap XRT calls, forcing delta hedges on XRT, then crack open the XRT and allocate the GameStop. + +But even if all 50k XRT calls were hedged with 100 shares, GME is only 7% of XRT. So 5m XRT shares equates to 350k GME shares... + +*Allow me to introduce:* [IWM](https://web.archive.org/web/20210504013036/https://fintel.io/so/us/gme/ishares-trust-ishares-russell-2000-etf) + +IWM is the iShares Russel 2000, and they announced a 15% increase in GME on 2/25/21. Funny, I didn’t hear much about it. + +IWM holds GME at a humble 0.35%. Take a guess at what [IWMs options chain](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/IWM/options) looks like... + +You *may* not guess a call OI of **1.56 million** over the 15 expiry dates from now until 1/21/22. Hedging those at an average of 50 shares/call represents 78m shares. At 0.35%, **thats 2.7m GME shares**. + +By the way, if an extra 2.7 million shares available to extend shorts, purely in call hedges, doesn’t shake you, remember GameStop is in over **60 different ETFs.** + +Oh and it gets better + +I’ve been talking about calls for a while but *puts* exist too. If you somehow managed to read through this whole post you’ll remember what the SEC said about married puts... + +The **put OI** for IWM, up to 1/21, is **3.7 million**. \~750k of those puts are at-the-money. With GME at .35% of IWM, that potentially represents 2.6 million GME shares capable of floating FTD’s via married puts in IWM. + +Married puts *should* have ATM puts to maintain the short position, but they don’t need to be ATM to settle a FTD - one reason MPs are used over just re-borrowing (and the reason they’re illegal) is they function by claiming one asset as collateral in two transactions. There are 100 shares married to the put (risk-less position to skirt regulation) and the same 100 shares are used to close the FTD. + +The MP provides the paperwork loophole but it’s not necessary for the short position. Phil can just borrow shares ( [IWM shortvol% was apparently 74% on 4/30](https://web.archive.org/web/20210504013036/http://shortvolumes.com/?t=iwm) ), buy a worthless put to marry and instantly divorce, and now you did the paper magic and are still short. Maybe they call it a one night stand Idk + +The total put OI of all strikes with over 10k OI is over 2.5 million.. there are puts at dozens of strikes trading for $1. If **ONE THIRD** of those were used for disposable MP’s, that’s another 2.6 GME shares. + +Which is interesting, considering GME has [329k put OI at the LOWEST 2 STRIKES on 7/16 and 1/21](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2022-01-21-m&moneyness=allRows&view=stacked_ohl). Even more interesting about those 329k puts - when they were being gobbled up in late January, \~200k of them, they averaged their highest prices of all time. + +50 cent puts... While GameStop was soaring. Went from $4 in December to $15 on Jan. 28. Right. + +Guess I could take a shot at that puzzle now. + +**Total potential-shares-for-allocation estimate:** + +-Citadel delta hedging call order flow: 10.5m + +-[The suspected Buy-Write trades](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/): 14,500 calls = 1.4m shares + +-Citadel delta hedging IWM calls: 2.7m + +-Married puts in IWM: \~2.6m + +-Married puts in GME: up to 32m.. but I’ll leave these out + +**Total:** 17.2m GME shares + +If **half** of these were actually used to roll fails, 8.6m + the 4-5m already rolling in the FTD data + 11m reported short volume = \~26 million shares sold short + +Including the GME puts and everything else - it’d be \~64 million. + +And *excluding* married puts, Citadel has access to over 13m GME shares, solely from delta hedging GME and IWM calls, to potentially distribute among shorts about to fail. + +Do not forget that I don’t know what the fuck I’m talking about. I’m not an expert in this stuff, I just had surgery two months ago and it pisses me off when shit doesn’t make sense. + +These people have been playing this game for years and I’m sure there are dozens of other ways reversals can be achieved, they get fined like 100k for this shit and without it.. well if it’s bad enough they’ll go bankrupt. + +// + +**My point here is - where there’s smoke there’s fire, and there’s so much smoke in these numbers I can’t taste the purple in my lunch.** + +Obviously none of that was advice or conclusive I can’t even spell conclusive + +// + +All this shit is meant to be be confusing. The internet revolutionized trading, especially options. In fact they started becoming popular in the 90’s, right around when ETF’s came along. The SEC talked about two ways options could be used to hide FTD data - and I liked a presentation talking about how ETF’s can be used to do the same thing. The AMA last week mentioned it, too. + +All of these loopholes serve to provide Citadel, who claims to clear 99% of options order flow, with enough shares *merely in hedges* to juggle 13 million fails. Add to that buy-write transactions, married puts, naked calls, ETNs, and all the other autistic things possible in a system so complex, who tf knows how many shares they might be juggling on paper. + +The options, to me, look like a smoking gun. Fails in GME’s ETFs repeatedly fall between fails in GME, suggesting some number of fails are being rolled with ETFs. The number of ETFs with institutional ownership over 100% 6 months ago suggests many of those shares used to cover came from ETNs. + +The fact that the bulk of call OI in IWM and XRT falls neatly between the call OI in GME suggests these options are, in some capacity, related to rolling fails into the future. + +**THAT SAID -** + +Regulation changes increasing margin requirements or decreasing settlement times, would begin to unwind these positions. And- + +A share recall would bring the buying pressure of every IOU floating around because of this horseshit. + +A bet on GME is a bet again Wall Street’s integrity. + +But - don’t just trust me on this stuff, seriously, use the links, find some bullshit that looks weird and ask yourself why it’s weird. I promise, there’s lots of weird shit. Start with the 1500 $1.50 calls someone bought / Citadel sold for 1/21. + +And the 100k 50 cent puts that *weren’t* bought in January probably traded for under $5 so I’m sure plenty of that is legit. On the other hand, I do remember a post saying put OI in early March was obscenely high but I can’t find it anymore. + +If you just scrolled on down here and read the “my point is” part, no worries. The post was just some bullshit anyway - 11m reported shorts is an infinite short/float % because there is no float. + +Oh and if really read this whole fucking thing, message me and I’ll fly you to dinner next year. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* + + +### Market Notes: + +The market is not very concerned about who the President of the U.S. is. The market was looking for some certainty on election day and got it. + +We are fairly certain that Congress will remain split. Split Congress market returns outpace united government by a long shot. + +I expect the current rally to continue. Yesterday we had solid gains all around and this morning futures are pointing toward a higher open. I'm Bullish. + +### Watchlist: + +**APVO** is a low float, on watch, maybe support around $12 + +**OIIM** is a lowish float, watching for a setup above $8 + +**SAVA** is a lowish float, resistance at $12 + +**OCUL** watching for a setup above $12 + +**UPWK** is an earning winner, on watch + +**MGNI** has support at $10 + +**IMGN** key level at $6 +In the spirit of the weekend, I want to lay out an interesting theory I have regarding price action for GME over the past nearly two years. As most of you are aware, there is an extremely popular theory called the "critical margin line" where short sellers supposedly will be squeezed if GME trades above that level for too long. I want to present an alternate theory to this and I will call it FTD cycle/dilution theory. + +&#x200B; + +My hypothesis is that the trendline for GME over time is a visual representation of GME being diluted, while the large spikes followed by massive drops are due to FTD cycles. + +&#x200B; + +I came up with this theory after watching a video that has been shared on this sub numerous times, which I will link below: + +[https://www.youtube.com/watch?v=COQvMsbb-Cw&t=662s](https://www.youtube.com/watch?v=COQvMsbb-Cw&t=662s) + +&#x200B; + +The assumption is that prime brokers locate a stock that someone is willing to lend. This can come from pension funds or anyone who is on a margin account (*aka anything NOT DRS*). The prime broker then tells numerous short sellers that it found them a locate and they can borrow it and short the stock. The prime broker is expected to deliver the stock in 3 days or it fails to deliver. During this process, the prime broker pays the lender a percentage of the fee that they made. To maximize their profits, they use an intermediary prime broker to hide the true amount that they are lending the stock for to only pay the lender a small fraction of what they should actually owe. + +​ + +In the overnight repo market, the second prime broker stealthily sends back the cut of the profit back to the first prime broker and keeps about half. (*is this a connection to the ONRRP???*) + +&#x200B; + +[screen cap taken from the video](https://preview.redd.it/f2h7w17gptp91.png?width=454&format=png&auto=webp&s=7b25c19625865c20958290ba1e2af939237962fa) + + + +My theory is that the large drop in shares is when the locate process occurs each and every morning, then are returned to the lender as lendable shares since they already lent out necessary short shares. + +​ + +So that is one method of how a lot of naked short shares are sold into the market using any shares that are on margin or lent by a fund (*there are more methods, but I am only covering one here*). + +​ + +One thing that stands out is that there's nearly always shares to borrow. There are two possible scenarios in my mind as to what is happening. + +1) Stocks are borrowed and held during the day as a safety net in case there is a run that is unforeseen. This sounds reasonable, but I like to look at crazier theories. + +2) Stocks are borrowed and held by the short sellers, but the locates are just borrowed by another prime broker and made available the next day to X number of new short sellers to borrow and hold. + +​ + +If scenario 2 is the case, that means that short sellers are holding onto tens or hundreds of millions of borrowed shares. Why would they want to do this?? + +I believe that they are holding the shares for the day where all the FTDs need to be rolled. Outside of options, there are only a limited number of ways to perpetually roll FTDs, and one of the main methods is called a timed buy-in. This is a coordinated buy-in of all shares that are FTDs, while the short sellers sell all the borrowed shares they have been hoarding into the market to bring the price back to where it started. This happens approximately every 2-3 months with GME (and not surprisingly, they time it around earnings reports a lot of the time), but the price action is a bit muted since a LOT of the FTDs are hidden in naked options... To me, this is the reason that we continually get massive runs, followed by a day of multiple upwards then downwards halts. + +[Early morning share borrow and return](https://preview.redd.it/fqsdygf5otp91.png?width=345&format=png&auto=webp&s=0eb47361e3e89e5b46b05408f5bf7e48b8b866d5) + +&#x200B; + +Since watching only GME is a bit tunnel vision, I decided to look into a sister stock that is in the same 'basket' as GME, but which DOESN'T have options to mess around with. + + This first scenario I will show is GME. I showed arrows to very high volume days that quickly follow high volume sells, which have returned the price back to where it started each time. Obviously the volume doesn't seem crazy, but I believe that's because the additional shares traded were really only the excess that aren't hid in naked derivatives. + +[Volume chart for GME](https://preview.redd.it/ziqpojpantp91.png?width=1472&format=png&auto=webp&s=142f7569f0e10f7049cedea282c1ef16b2d1fc94) + +Meet headphone stock... + +[Volume chart for headphones- why does the price start rising right as GME announces splividend??? hmmmm](https://preview.redd.it/mj6bbvhpntp91.png?width=1461&format=png&auto=webp&s=9ec2a3d2b8c9c63d5c2f7c1e6b61fae4d08398fd) + +So the arrows point to the exact same times as GME, but they should be unrelated and we know this second stock is heavily shorted. This stock has a free float of less than 4.5 million shares. + +[Here is the 1-day volume for the starred day around April](https://preview.redd.it/0dsyuvyqntp91.png?width=562&format=png&auto=webp&s=95aaf0e6f9a6e5c3c1d5a1c8987d3087b8562099) + +As you can see, those volume spikes are TWICE the ENTIRE FLOAT of that company. If all the FTDs are rolled around those time periods, we can get a relatively precise guess for just how much short interest there is. + +&#x200B; + +The downwards slope shows dilution (at least in a macro sense, since the rest of the market is pretty wild right now) + +&#x200B; + +As we see with GME, it doesn't really have that downwards slope... I theorize that even while the stock is constantly being diluted, more people are buying and DRSing to counteract the steady decline that they are trying to force onto us. + +&#x200B; + +I want to also note that when the splividend was announced, price action went crazy for GME and it broke the trend of having the massive spikes followed by massive dumps. I think this is because the SHFs were not planning on this and they couldn't coordinate their FTD cycle and it took a few extra weeks for everything to come together to dump the price again. Because of that we are now just about due on our next run. + +I theorize that in the next 1-3 weeks, we will have a run to over $40, then a day with multiple halts to return the price back down to around 30... All this is of course assuming MOASS doesn't happen in the meantime. + +&#x200B; + +I would love to hear thoughts and any holes you can poke in my theory! + +&#x200B; + +TL;DRS +The stock market has been propped up by a handful of mega-cap companies leading into the coronavirus pandemic. + +Historically, such narrow breadth is a poor signal for future market returns, Goldman Sachs said. + +[https://markets.businessinsider.com/news/stocks/sp500-concentration-large-cap-bad-sign-future-returns-effect-market-2020-4-1029133505#](https://markets.businessinsider.com/news/stocks/sp500-concentration-large-cap-bad-sign-future-returns-effect-market-2020-4-1029133505#) +So many of y'all are seeing 5 - 10% dips and thinking this is the correction many people are talking about or talking about buying these 'undervalued' dips. What you guys fail to realize is made clear when you zoom out on DocuSign. The last year has inflated stocks 50-200% over the last two years. Even with a 45% dip yesterday it's still trading back online with it's post pandemic valuations. + +A stock that rises 200% on hype and nothing else then dips 10% is not all of a sudden a good buy because it's lower than ATH. It's still hyperinflated. Yes in a usual market this would be the case as stocks are mostly (in a growing economy) at ATHs like 80% of the time. But this is only true when stocks are valued close to intrinsic values. We've had a small sell off but not anything close to a dotcom bust and the bubble is still present as ever. When it pops however is still anyone's guess. +**Thesis: Bitcoin will forever be the currency of the internet.** + +This write up will contain information about **where we are in the world**, the **role Bitcoin will play** in it, and most fun - **Price Predictions!** I've spent over 1000 hours trying to wrap my head around this revolution. **Let's begin.** + +The Internet has changed the world forever in such a small period of time. People forget the internet became a global sensation only in the **1990s**, and look how far it's come. + +The entire **WORLD** now runs on the internet, and **WILL** continue to run on the internet. + +We are currently living in ***The Exponential Age*** at this point in history. Technology is evolving the world at a rate faster than ever before in HISTORY. Simply put, the world is moving at light speed. + +Shown in the graph below, the internet is the fastest developing idea/product in the entire world. + +[The Exponential Age](https://preview.redd.it/cranvt6775r81.jpg?width=823&format=pjpg&auto=webp&s=8ad30bdb8abaf44bbbba9e27180f497a50976908) + +As a comparison, the distance of time between the creation of the Light Bulb and invention of the Internet is approximately **143 years apart.** The difference between the creation and Internet and Automated Self Driving Cars (FSD) is only is only approximately **30 years apart.** + +Please let that sink in how complex it is to create AI vehicles that humans can trust to bring them to their needed destinations. Only 50 years before that we never could have even dream how to build such an idea. + +**That one idea is only one of millions of innovations that's happened in the past couple decades.** + +The internet has exponentially been solving problems since inception. Examples such as Social Media, Smart Phones, Artificial Intelligence have given the world a new way to connect, and forever interact with the digital world at large. + +We are at a stage in technology where the internet has a literal voice. The internet is becoming an everyday citizen of the world. Check out "Sophia" the robot! + +[Sophia!](https://preview.redd.it/7z9x1kle75r81.png?width=711&format=png&auto=webp&s=50386a1c133ca4a5401936256940193d8bd40212) + +Now that we've explained The Exponential Age, where does **Bitcoin** fit in? + +Bitcoin was created by an **unknown person** who went by the name "Satoshi Nakamoto" on January 3rd, 2009. **Satoshi's vision** was to create the first EVER proper form of **Digital Money.** This Digital Money needed to have a fixed supply, be secure, and permissionless. With **Bitcoin**, there is not a single person in the **world** that has the power to turn the system off, alter or block a transaction, or alter the max supply of this new currency. + +**System never turns off**: Digital Money that runs 24/7 for the rest of Human and AI's total existence. + +**Be Secure**: It is impossible to exploit the network, change the network, or devalue the network. + +**Fixed Supply**: It is mathematically impossible to devalue the money against itself. There is no inflation. + +On **Dec. 13, 2010,** Satoshi officially resigned from working on Bitcoin and handed the project off to the world to complete. Bitcoin's core values had already been set, and it was up to the world to keep it safe, secure, and forever running. + +**Fast forward to today, Bitcoin is running flawlessly, and is absolutely thriving in adoption. Nobody knows who Satoshi is today, or if he's even alive.** + +Currently, Bitcoin usage is growing at an exponential rate, as information about it and it’s ease of access is taking the world by storm. Check out this chart displaying how the Bitcoin adoption is growing at the same speed as the adoption of the Internet. We've already hit a $50,000 BTC in 2021! + +[Internet Adoption VS 2020 BTC Price](https://preview.redd.it/jz8ygjrf85r81.png?width=742&format=png&auto=webp&s=16f2cf261ab4ca05369b9bba49f476ba1bd05553) + +We can also see the Bitcoin number of Active Addresses (Users/Wallets) increasing exponentially as the price rises (bringing more attention to the asset) + +[Active Users vs BTC Price](https://preview.redd.it/13wptisk85r81.png?width=750&format=png&auto=webp&s=0bef9acec8c845d93d742583340dd88876a4ba45) + +Adoption is moving fast. But why does the world even need Bitcoin anyways? + +The world technically **revolves** around Money. Money and economic incentives drive the world to be forever evolving space, as well as allow us to earn resources needed to live. Currently, the entire world is being plagued by money that is being devalued, assets that are being inflated, and people who are losing faith in the current system. People are getting desperate, they’re looking for an alternative, it’s getting bad. + +Bitcoin is the solution to these peoples problem, and very fast are many starting to notice. If you're reading this in 2022, check how **EARLY** we are, and how exponential we are about to grow. Congratulations to all BTC holders out there. + +[It's about to get crazy.](https://preview.redd.it/qn8z2e3r95r81.png?width=649&format=png&auto=webp&s=1a6b9c383aff593ff1505f1e98f1ffa344e2904c) + +Billionaires are buying it, country’s are adopting it as an official currency, the US government is accepting it for tax payments, and the world is trying to go greener to acquire it. The list goes on. This is all happening within a short decade. The demand for Bitcoin will only continue to accelerate from here. + +The toothpaste cannot be put back in the tube. Bitcoin is taking the world by surprise and there is no stopping it. The world’s finally taking advantage of this fair, secure, and incorruptible money. The world is learning to store its wealth on the Bitcoin network. It is a **black hole** sucking up the world's corrupt, controlling, and unlimited supply of Government money. **People are taking back control of what hard earned money is all about.** + +*Bitcoin is digital gold, it is financial freedom, and it is the future of economic energy.* + +Theoretically, because Government money has an unlimited supply, the price of Dollars per Bitcoin can go to infinity when compared to it as Bitcoin has a max supply. So why do we want to get in early? + +The reality is, governments cannot stop printing money. It is impossible to stop printing money, and with Bitcoin having a forever fixed supply of 21 million coins, it mathematically will 100% continue to rise in value against a currency that has a maximum supply of infinity, assuming there is demand for Bitcoin. (The strongest currency) + +Read what I said above again. The price of Bitcoin is literally going to *infinity* against the dollar. Bitcoin is number go up technology against ALL currencies of the world. + +[USD vs BTC over time](https://preview.redd.it/u8rv3xvm65r81.png?width=1246&format=png&auto=webp&s=9fdb5e06b8c92c8bda06e2400b5cc03a9095a86d) + +Year after year, dollars are purchasing less, and Bitcoins are purchasing more. Bitcoin is exponentially increasing in purchasing power. Bitcoin mathematically is the strongest currency in the world. It is a perfect place to store long term wealth, and exchange economic value with another entity. + +The question that lead many of us down the Bitcoin rabbit hole is, **how high can Bitcoin price go?** + +**In Short, the price per Bitcoin valued against the Dollar should be anywhere between $500,000 and $4,600,000.** + +That's right, Bitcoin is EASILY going to 1 MILLION DOLLARS a coin by 2030. We are so early. The world has a lot of money in it. The world's money is beginning to fly into Bitcoin as we speak. + +[Public Companies holding BTC](https://preview.redd.it/12r5kf7xd5r81.png?width=1309&format=png&auto=webp&s=a3c412f2e88af206e218bf174a03eb32c53f71a3) + +The chart above will show us that Public Companies are beginning to HORDE Bitcoin, as they see it as an essential asset to hold on the balance sheet of their business. Many of these companies are taking Bitcoins off the market, and they will NEVER return or be resold for dollars. + +Bitcoin is the easiest asset to maintain, and the greatest asset to hold over a long period of time. Everyone is making a lot of money off this. Everyone needs a piece of it. + +The kicker is, we are going into a transformational time in history. Inflation rates are at record highs, reaching 10% a year in most of the world. (This is conservative) + +The Global BOND market is worth approximately $100T. All this money placed in bonds is literally LOSING investors money. If inflation is at 10%, and you are earning 2% on your bonds, you are *"safely"* losing 8% a year on your investment. The math is that simple, and it is that sad. + +We can now say at least 30T of these bonds are smart enough to notice within the next couple years that the money placed inside them need a new home, the whole Crypto industry and Bitcoin itself is that black hole that is going to suck up a large portion of it. (Crypto Industry is currently only worth $2.5T at the time of writing this) + +**With all this money coming, and adoption growing exponentially, what prices per Bitcoin could we expect?** + +Maybe this is something for you to study yourself, but I'll give you an idea of models and ideas to study to get you on the right track. + +*These Price Projections, Models, and MATH have been provided by* ***James from InvestAnswers****. Check him out on YouTube!* [*https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg*](https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg) + +**Price Projections by 2030** + +* Metcalfes Law: $11M per BTC +* Stock to Flow: $9.5M per BTC +* Fidelity and ARKK Invest PP: $1M +* Average of all the models: $4.6M +* **Expected Case: $1.9M** + +I like to give conservatives price predictions for BTC. Realistically, any of these could be correct. The math just works, it's not hopium, it's not inaccurate, this is REALISTIC. + +**I expect a $1M Bitcoin by 2030, and I have put my money where my mouth is.** + +The question is, should you invest? Yes. NFA! + +Take a leap of faith, this is all very possible, and will likely happen. + +[A leap of faith!](https://preview.redd.it/hjq549o0j5r81.png?width=535&format=png&auto=webp&s=e74c8107fbf7f7ec2450bf3330b9d62439813a6f) + +Keep in mind, Purchasing Power of $1M in 2030 will not be $1M. This is true because of how inflationary the dollar is. See below what happens when BTC = $1M a coin with varies inflation rates. This is why we need sound money that does not devalue against itself. (Bitcoin if you haven't understood that yet) + +[Chart from InvestAnswers](https://preview.redd.it/np1lcfgri5r81.png?width=912&format=png&auto=webp&s=754b0ea12aea22c8fadc2ca8892b2de47b8d56ce) + +Get ready to see Bitcoin being accepted as payments at all your local stores, and sent between all your friends. It's only up from here. Bitcoin and Crypto as an industry is a 50X opportunity from here over the next decade or two. This $2.5T asset class is going to $100T. (Similar to the Stock Market and Real Estate total market) + +Study hard, study often, pick the right assets, and enjoy the gains. + +The question is: ***WHEN MOON?*** Stack your bags, do your DD, and happy investing! + +Again, NFA! + +[Bitcoin in El Salvador](https://preview.redd.it/997hxwx2g5r81.png?width=784&format=png&auto=webp&s=63a993d3425629ee6e9be7588e7fe471c0dcbd5c) + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.** +[https://assetbuilder.com/knowledge-center/articles/investors-great-expectations-for-disruptive-technologies](https://assetbuilder.com/knowledge-center/articles/investors-great-expectations-for-disruptive-technologies) + +"Gilder described a new paradigm that promised to change the world and commerce in magnitudes akin to the printing press, air travel, the telephone and electricity. + +We hung on every word of the Gilder Technology Report, which he created in 1996. It included impressive research and technical explanations that predicted much of what came to be. The report’s back page, however, was what we clamored for every month. It included a list of game-changing stocks: “telecosmic” companies that embraced what he called, the “ascendant” telecom technologies. + +We shovelled his stocks into our investment club portfolio and we soon made a fortune..." +[https://assetbuilder.com/knowledge-center/articles/investors-great-expectations-for-disruptive-technologies](https://assetbuilder.com/knowledge-center/articles/investors-great-expectations-for-disruptive-technologies) + +"Gilder described a new paradigm that promised to change the world and commerce in magnitudes akin to the printing press, air travel, the telephone and electricity. + +We hung on every word of the Gilder Technology Report, which he created in 1996. It included impressive research and technical explanations that predicted much of what came to be. The report’s back page, however, was what we clamored for every month. It included a list of game-changing stocks: “telecosmic” companies that embraced what he called, the “ascendant” telecom technologies. + +We shovelled his stocks into our investment club portfolio and we soon made a fortune..." +Hello everyone! +I have an extra 2000$ that I can contribute too my TFSA. I currently own 9 Canadian companies each approximately 2000$ invested in them. The list includes: ENB, TRP, CM, RY, CNR, EMA, SU, CNQ, SNC. I am looking for one final stock to add to my portfolio. Any suggestions? I'm 21 and in it fit the long-term. Or which of these companies should I add an extra 2000$ in? +Thank you! +looking into buying these two stocks. any thoughts or onions would be appreciated + +I have been investing in ETFs for the last year and have built up a good amount in safe investments but want to branch out a bit and test the waters. I've seen a few posts and stories about these two companies and think they might be good for the long term +As the title states, I’m looking for contrary opinions to the SCR as all I’m seeing is positive. + +Yes there’s the risk of the bill not passing. Other then that, is there anything that should be watched out for as the SCR trucks along? It’s had a huge run up and a subsequent pull back. I do believe it could pull back to 1.8 range and that wouldn’t be crazy. + +Anybody here a bear on sports betting in Canada or the Score being able to capitalize on it? + +Keep in mind PENN owns 4.7% and I’m optimistic they will want more as Canada legalIzes +Pretty much the title. I had a budget about $2000 for my family, extended familly, friends, co-workers and neigbour. However, I went tad over board with COVID and all and spend an extra $500. I am curious to learn what other peoples budget was this year. Apologies if this has been asked already. +Saw this article today and wanted to share it here. Good information on the new law that took effect January 1, 2022 and what to do if you get a surprise medical bill. As this article says, don't expect the providers to make it obvious you have rights. You need to become educated so you know how to protect yourself and loved ones. + +[https://www.cnbc.com/2022/01/07/these-medical-bills-are-now-banned-what-to-do-if-you-get-one-anyway.html](https://www.cnbc.com/2022/01/07/these-medical-bills-are-now-banned-what-to-do-if-you-get-one-anyway.html) + +Additional info on the new law: + +[https://www.kff.org/health-reform/issue-brief/no-surprises-act-implementation-what-to-expect-in-2022/](https://www.kff.org/health-reform/issue-brief/no-surprises-act-implementation-what-to-expect-in-2022/) +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds: +https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates +Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "______ funds capital gains distributions 2020" + +Please note we'll probably be deleting any threads on the subject and pointing people here in order to keep the clutter down. +I just wanted to give a gentle reminder to folks in the sub that are having a hard time getting by. I wanted to remind you that you will make it through, you will find a way, you will get by because you always have. You can do it, don’t give up! + +I was pretty down a few years ago and wanted to give up. I read a random post of encouragement and it was the tiny poke that I needed to get up and keep going! +We recently found out that our 82 year old grandma is nearly 60k in debt. my dad had a huge fight with her because now he is trying to help her out of debt. she has like 13 credit cards with different places that are mostly maxed out, she still pays mortgage on her house and owes money on her car. my parents have been thinking about getting her to live with them because she is no longer able to care for herself properly and they are trying to get her to stop driving because she has come close to causing too many accidents. is it best if my parents help her out of debt? or would it be best if she just files for bankruptcy? PS. as her health has been deteriorating my parents will most likely be responsible to take care of her current and future finances. +[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/) +I'm usually reserved concerning speculations about announcements or other events. But seriously, ladies & gents, if they're **this** desperate to drop the price RIGHT FUCKING NOW, we might actually be close to the NFT marketplace announcement 😂. + +They can't infinitely short the stock, there are limits to what they're capable of at any given time. That selling energy needs to be expended as efficiently as possible so as to cause a maximum effect on the price. Why would they blow their load in one go? The most profitable shorts are at the top. A better strategy would be to just keep the price stable and wait for us to get bored and sell. Then cause a weak rally and short the top. Rinse & repeat. Not whatever on Earth this is. + +January FTD cycle + NFT marketplace announcement inc. My God, hedgies are so fucked. +As title says, my father passed away. cancer sucks. Mom currently has no debt except the home mortgage ($110,000) and her car ($11,000). After home and car is paid off she’ll have around $80,000 cash. + +She plans to get back into working part time ($800/month). This puts her at around $2500/month. monthly expenses revolve around $1,200. This leaves her at around $1,300/month to do whatever. + +Going forward on this thread, let’s say she pays off the house and car leaving her at $80,000 cash. + +Couple options: +1. My mom is looking to move to a smaller home. Our house needs major renovations (foundation and interior is mostly torn apart). Expect around $30,000 put down for renovations. This leaves her at $80,000-30,000 = $50,000. + +Let’s say she decides to sell the house at ~$300,000 (zillow states homes in my neighborhood are worth this much). Now she has $300,000 in her pocket. Ideally a decent 1 or 2 BR in Dallas is around $200,000. After all housing expenses (she’s exempt from property tax) I’d expect her to have around $80,000 in her savings given she purchases a $200,000 home. How should we go about minimizing renovation cost and selling and buying a new home? + +Option 2 +Renovate the house ($80,000 - $30,000 renovation cost)What should she do with the $50,000? +She has $14,000 in her Roth IRA which I’ve helped her with. She lives an extremely frugal life and when she stops workin and receives my father’s SS her monthly income should jump to $2,000/month. + +Also, we expect to receive the life insurance money in a couple months so we are trying to plan in advance. + +Sorry for the long post but trying to figure out the best long term solution. + +Interesting report from the FCA discussing the impact of cash vs investments and their strategies on consumer investing: [https://www.fca.org.uk/publications/corporate-documents/consumer-investments-strategy](https://www.fca.org.uk/publications/corporate-documents/consumer-investments-strategy) + +"Our recent [Evaluation of the impact of the RDR and FAMR](https://www.fca.org.uk/publication/corporate/evaluation-of-the-impact-of-the-rdr-and-famr.pdf) found that among consumers with more than £10,000 of investible assets, 55% held the majority (75%) or all of this in cash. This may be appropriate for some consumers, but many will be missing out on potentially higher returns available from investing. At the other end of the spectrum, some consumers are taking on too much risk, with younger people twice as likely to have invested in HRIs than adults overall (12% vs 6%)." + +My observation seems to be that this sub is very much "cash savings are king". Which seems at odds with some of the comments in the FCA's reports on what consumers should actually be doing with their money. + +Anyway, it's interesting reading and thought it would make for an interesting discussion. +I've seen a mix of opinions on this sub about whether you should rely on others (e.g. parents, friends, family) for significant financial support, such as paying off debts, paying for emergencies, or saving for a house deposit. + +For example, one poster said he didn't need an emergency fund because in an emergency he'd just ask his friends for money. Another post said he'd managed to get himself in 5 figures of credit card debt and wanted his parents to bail him out. Another said he'd spent too much on holidays and got into debt that he couldn't pay off so "rinsed" his parents. And many people are handed house deposits from their parents. + +I appreciate different people are in different positions in life and may find themselves in financial hardship through difficult circumstances where external support is necessary, but it's my view that we need to try to be more responsible with our money and aim to take care of ourselves and not plan to rely on others. If you've got into a crazy amount of needless debt, work hard to budget and clear it yourself. If you want a house, cut back and save hard to build the deposit yourself. Save your own emergency fund to know you can protect yourself from difficult situations. It may be a harder route than a quick hand out, but teach a man to fish... + +But that's just my view - I'm curious what people's views are on here about relying on others for financial support? +Crypto addiction doesn't get the attention it should in my opinion. Especially in this subreddit I have seen many threads/comments that show signs of an addiction. Around 1% of crypto traders develop a severe addiction while 10% experience problems related to crypto trading. And I would dare to say that these numbers are still pretty conservative. + +One of the most important reasons why crypto can be so addictive is of course its extreme price volatility. Some fast gains, chasing the next high and leverage trading can all be very addictive. At some point we should stop speaking of investing or trading and start speaking of gambling. + +You can read more about crypto addiction in [this article](https://www.familyaddictionspecialist.com/blog/staring-at-charts-bitcoin-and-cryptocurrency-addiction) while [here](https://castlecraig.co.uk/help-advice/guide-to-cryptocurrency-addiction) you can check if you are in danger and how you can seek help. +I was made redundant this week, during my search for a job I have been offered a temporary contract role outside of IR35 for a couple of months at £300 a day, I am considering taking it while searching for a full time job, I have done and will continue doing reading on it, just wanted some peoples opinions on things to look out for for a first time IR35 contractor. + +Is it a good idea to do it temporarily while looking for a job and what sort of things do I need to be aware of? +Hello everyone. Sorry if this is the wrong place for this post but feeling very anxious about my current situation. Me and my fiancée are expecting a baby in december, its true - contraception is not 100% effective. We both work and have a combined income of £47,000 My fiancée earns the most in our household, i earn about 19k a year and we have a combined £650 a month left over after all the bills are paid, which seems a lot, but £500 of that is from her salary, so when she is on maternity leave we will be just better than breaking even before all the additional baby costs, let alone when she returns to work and we have childcare to pay. + I understand we arent entitled to any benefits due to our combined income. On top of this, we have our wedding in August. We have about £3500 left to pay, of which we have mostly saved and could easily manage but now we have the baby I dont know what we should do for the best, postponing would mean losing a fortune in what we've already paid. Couples we know seem to earn much less than us and cope OK but I have absolutely no idea how they manage it. I could and will try and get a better paying job but it would be hard for me as i dont have any experience in other fields or many qualifications so i would be starting out entry level and I'm 29. I rarely drink, don't smoke or do drugs and rarely buy anything for myself so i already try and live frugally as i have a lot of expenses for my job. Sorry everyone for the self pitying post but if anyone has any advice for us I would really truly appreciate it. I have nobody to talk to personally apart from my fiancée about this so any other opinions would be really great. Thank you +#[Welcome back to the fucking casino!](https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6) + +Congratulations to all the traders who were short. + +The form 144 should have been a clear indication of what was coming next. + +You saw the situation change and you changed accordingly in order to make money. Well done. + +--- + +Apologies to the apes who got slaughtered by Cohen selling. + +That fucking sucks. + +You'll be okay though, you were able to get yourself to this point before, you'll be able to rebuild and come back stronger. + +--- + +WSB is a subreddit for traders, if you want to win, be smarter, be first, or cheat. + +[SEC note: Don't cheat] + + Being able to change your opinion and position when new facts come to light is key for long term profitability. + +Good luck today and godspeed. +Hey. + +As i understand it, the early super release is not taxable income. I am eligible because i currently receive centrelink payments. My taxable income for this year will be \~30k as i also work casually. + +If i withdraw $1000 from my super, and just put the money back in i will receive the co-contribution of $500 correct? Is this legit? + +I'm asking because it feels a little sketchy and I don't want to break the law. I haven't read anything that it is illegal. I just want to be sure. + +Of course I will do it if it's above the belt. + +Cheers. + +&#x200B; + +Edit: So what i have gathered from the comments is that this is a bit dodge, and i could potentially get in trouble for it. I have the funds to be able to just put in $1000 without withdrawing now, so the best option would be to just put in the $1000 then in july withdraw $1500? So i'm not withdrawing to deposit to then withdraw. +I’ve spoken to many brokers, banks etc… they all say don’t invest in a unit. + +No capital growth and strata fees are killers. It doesn’t quite make a lot of sense to me. + +Anything else I’m missing? +I heard Charlie Munger say that three good companies is all you need for the rest of your life. Even if that's an over-simplification or too strict for your actual strategy, if you HAD to choose three stocks for the rest of your life, which would you pick? +Release: [https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf](https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf) + +Implementation Note: [https://www.federalreserve.gov/newsevents/pressreleases/monetary20210616a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20210616a1.htm) + +&#x200B; + +\- Interest rate paid on required and excess reserve balances raised to 0.15% from 0.10%. + +\- Overnight reverse repurchase agreement operations conducted at an offering rate of 0.05 percent and with a per-counterparty limit of $80 billion per day; the per-counterparty limit can be temporarily increased at the discretion of the Chair. + +&#x200B; + +Each of these changes are effective as of tomorrow, June 17th. Get some wrinklys in here to speculate. +Almost a year ago I posted in here about how I had around $500 in savings and how that was a huge turnaround for me. It started by setting better goals for myself, not just for my financial wellness. But my mental, and physical as well. Shortly after that post I got a job that pays much better than the one I had. This one offering tiered bonuses/commissions. A year later I now have roughly $4,000 put away in a savings account. Now I know that’s nothing crazy, but this is more money than I’ve ever had in my life. I now know anytime I swipe my debit card that it won’t be declined. I even cut out a major problem (drinking) and was able to go down to drinking a couple times a month rather than daily. Which saved me a hell of a lot of money. I’d give advice but as someone who’s received a lot of advice and never taken it the best “advice” I can offer is - if you really want to change, and move in a path you would deem to be successful, you have to WANT too and I don’t mean “I want things to be different” you have to REALLY want too. To the point you start changing who you are. I’m not the same person I was a year ago by a long shot. But it’s all for the better. And I’m setting myself up so a year from now, when I update you guys again, that $4,000 seems like nothing. You can do it. Don’t let doubt stop you. +Im newer to investing and was wondering what the downside to investing in canadian bank stocks like scotiabank etc. + +I know unlike the US our banks cant really go bankrupt as they arnt privately owned and such things along those lines. + +Are bank stocks always a safe investment? +Jerry is bad for the subreddit. + +Jerry comes from the mindset that the market, by default, should be going up at all times. This causes a lot of mistakes in perception and mindset. + +Jerry looks for specific reasons that the market is going down, but never questions why the market is moving up. + +Jerry makes excuses for sideways movement such as, "Oh the foundation is spreading out ETH to everyone" or "Last chance for cheap ETH!" + +Jerry adds nothing to the daily comments, other than moon-related comments, telling people to buy the dip, and/or "HODL". + +Jerry is an asshole to anyone who says they are going to try and short the market, and assumes they don't believe in ETH at all. + +Jerry says "WOOHOO! Cheap ETH!" *every single time* the price drops. Or "blood in the streets...". + +Jerry loves to throw out simple predictions with no back up such as: "I bet .025 will be the floor." + +Edit: Jerry uses up/downvotes as agree/disagree button. He agrees with any bull comment no matter how hollow and disagrees with any bear comment, even when well substantiated. (Thanks /u/yagan!) + +**Don't be a Jerry.** Jerry doesn't help the discussion at all, and tends to throw out mindless babble into the comments. +**EDIT AFTER THE Q1 EARNINGS ANNOUNCEMENT:** I am sorry to report, Apes, that we missed criteria (6) below. It was a good fight, but the additional buying pressure by Apes couldn't quite make up for the fact that Q1 always tends to be the most sluggish quarter for retailers. But, we march on and creeping that profitability up - let's see how the Q2 results go in three months! + + +**TLDR:** The S&P 500 quarterly rebalancing announcement is next Friday 18th June. After the Shareholder Meeting tomorrow, and with it the 2021 Q1 earnings results, we will know if GME meets the eligibility criteria for inclusion. All signs point to the criteria being met, at which point up to the S&P selection committee to decide if GME will be added. This appears to be a very distinct possibility, and if so GME will enter the index at around the 350 mark in the list by market capitalization. + +Consequently, asset management firms that manage ETFs tied to the S&P 500 will have no choice but to rapidly and mandatorily add GME shares to their index tracking funds. Hence a large volume of GME shares could be forced bought in the open market, possibly leading to a squeeze in the share price (similar to Tesla's +70% run-up last year, in the five weeks after their S&P 500 inclusion was announced). + +Such a run-up in the share price has the potential to reach the margin call price for some of the short hedge funds, so this could become a catalyst for the MOASS itself. The best part is: there is nothing Shitadel and friends can do about it, as the buying pressure will be coming from their competitors - who are forced *by their business models* to buy more of the stock. + + +**Not financial advice. Please do your own DD, if interested in these topics. I have included many links below to possibly assist in your self-education, gathered in the course of my own research.** + + +**WHAT IS THIS DD ABOUT?** + +Apes, this is a follow-up to my post yesterday regarding the probable shift of GME within the Russell Indexes, from its current Russell 2000 small-cap index status to the Russell 1000 large- and mid-cap index instead: + +https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/h0wbdrk?utm_source=share&utm_medium=web2x&context=3 + +As the conclusion to this DD, I stated that the Russell reconstitution is likely to have a neutral effect on GME share price. However, I added that the index rebalancing that could have a much greater impact is the following (copy-and-pasted from yesterday's post): + + +**THE INDEX THAT REALLY DOES MATTER: S&P 500** + +*The Russell Indexes are actually more important for micro- and small-cap, than for mid-cap and larger firms such as what GME has now become. The reason being that the S&P Indexes dominate in the larger cap area, whereas the Russell Indexes are more for the smaller cap arena. Hence the larger a firm grows, the more important the S&P Indexes become. As such, asset management firms tend to use the S&P Indexes - and especially the S&P 500 - for constructing their large cap Index ETFs. There are 14 S&P 500 tied ETFs available and their combined AUMs are enormous, close to $900 billion i.e. about 30x bigger than the two Russell 1000 ETFs. Depending on GME's market capitalisation at the time, it could mean a huge number of shares being mandatorily having to be bought in the open market, so that these ETFs are correctly matching the S&P 500 Index including GME. Incidentally, criteria for entry to the S&P 500 index are as follows:* + +*(1) Market capitalization must be greater than or equal to US$11.8 billion* + +*(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0* + +*(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date* + +*(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market).* + +*(5) The company should be from the U.S.* + +*(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter* + +*Assuming GME maintains a share above 167, criteria (1) on the above list is fulfilled, meaning it would only need to achieve criteria (6) to meet all six requirements. **I think it is likely GME will achieve this by Q3 earnings**, so inclusion within the S&P 500 is very possible after that. If that happens, then each of those S&P 500 tracking ETFs is required to go out and buy the shares in the open market. This is certain to create demand and upward movement to the share price, similar to Tesla's run after it was announced they would be entering the S&P 500 about six months ago. (As a point of comparison Tesla’s share price increased by more than 70%, from when S&P announced the inclusion to the rebalancing deadline date five weeks later. This was mainly fueled by the asset managers of these 14 ETFs having to buy the stock in the open market.)* + + +**WHY I AM POSTING ANOTHER DD** + +Thanks to some follow-up comments by u/EtoshOE, u/yUnG_wiTe and u/hikurashi83 about the S&P 500 eligibility criteria section of the previous DD, I decided to do some additional research into the matter. In particular, my appreciation to u/hikurashi83 who made the following comment regarding criteria (6) and my *erroneous* assertion of when this is likely to be achieved: + +*(6) The **sum** of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter* + +u/Region-Formal:  *I think it is likely GME will achieve this by Q3 earnings* + +u/hikurashi83:  *Calculating the last three earnings: (-1.4) + (-0.53) + (1.34) = -0.59* +*Wouldn't this mean that the next earning (this Wednesday) will only need to be +0.59 for criteria (6) to be fulfilled? I'm quite confident the upcoming Q1 EPS will be atleast 1.00 with all the media attention on GME recently.* + +Let's see if u/hikurashi83 is correct about criteria (6) and also whether GME would meet the other five criteria as well... + + +**UPDATED CHECKLIST OF S&P 500 ELIGIBILITY CRITERIA** + +S&P Dow Jones Indices, the company behind this basket of indexes, updates their eligibility criteria on a fairly regular basis. They seem to have updated it once again within the last week, and the new criteria can be found on pages 6-8 of the latest "Methodology" report which I have summarised below. Link: https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf + +(1) Market capitalization must be greater than or equal to **US$13.1 billion** --> *This has increased from the previous threshold of US$11.8 billion* + +(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0 + +(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date + +(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). + +(5) The company should be from the U.S. + +(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter + + +Let's look at whether GME meets each of these requirements: + +(1) Market capitalization must be greater than or equal to US$13.1 billion +*Criteria Met?*  **YES!**  Market capitalization is currently $19.81 billion (Link: https://finance.yahoo.com/quote/GME?p=GME) + +(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0 +*Criteria Met?*  **YES!**  Even over just the last few weeks, the value traded comfortably exceeds $19.81 (Link: https://finance.yahoo.com/quote/GME/history/) + +(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date +*Criteria Met?*  **YES!**  GME's traded volume has been higher than this *in the first hour* of every trading day in the last six months (Link: https://finance.yahoo.com/quote/GME/history/) + +(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). +*Criteria Met?*  **YES!**  Listed on the New York Stock Exchange (Link: https://finance.yahoo.com/quote/GME?p=GME) + +(5) The company should be from the U.S. +*Criteria Met?*  **YES!**  Corporate headquarters are located in Grapevine, Texas (Link: https://www.corporate-office-headquarters.com/gamestop-corp) + +(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter +*Criteria Met?*  This is the most critical criteria, which we are not sure will be met just yet... Let's take a look at GME's Quarterly Income Statements, which are available here: + +https://news.gamestop.com/financial-information/fundamentals/income-statement?156992e2-9280-4b8f-9b3c-ae6891fc87e2%5Btimeframe_display%5D=quarter&url= + +According to these, the Normalized Income (i.e. net income excluding discontinued operations) is as follows: + +Quarter Ending Jan 2021 = US$80.50 million --> US$1.34 EPS + +Quarter Ending Oct 2020 = US$-18.80 million --> US$-0.50 EPS + +Quarter Ending Aug 2020 = US$-117.76 million --> US$-1.81 EPS + +The combined Normalized Income over these three quarters is of US$-56.56 million, or US$-0.97 EPS. **I am not an accounting expert, so if there is any Ape more knowledgeable in this field then please let us know!** But according to the above calculations, if the Normalzed Income that is reported tomorrow exceeds US$56.56 million, then **YES!** - I believe criteria (6) will indeed be met! + + +**AWESOME! WEN S&P?** + +Whoa there! Hold yer horses! I wish life were so simple, but you should know by now hodling GME: it very rarely is... Unlike the Russell reconstitution, which is carried out through fixed calculations only, the S&P 500 constituents and rebalancing are ultimately decided by a committee within S&P Dow Jones Indices. Historically they have not been ones for knee-jerk reactions, and prefer to keep the constituent list fairly stable, particularly in volatile times. For example, last year over 100 companies suddenly fell below the market capitalization criteria as a result of the pandemic, but the committee decided not to drop them from the list in order to maintain the stability of the index. Most of these companies bounced back quickly through the course of 2020, and their market capitalizations recovered above the threshold, so I guess the committe's decision was vindicated. + +At the same time, unless there are some exceptional reasons, companies fulfilling the six eligible criteria are given very serious consideration for inclusion. As you can see from the list of additions and deletions, they do approve fairly steady changes to the constituents. And in my opinion GME has better fundamentals than many firms already in the list, including some of those added recently: https://en.wikipedia.org/wiki/List_of_S%26P_500_companies#Selected_changes_to_the_list_of_S&P_500_components + +One famous example of a company that met the eligibility criteria in the middle of last year, but had to wait for a couple of rebalancing rounds before eventual inclusion was Tesla. Although the S&P selection committee did not provide a reason for their initial exclusion of Tesla, speculation is that this was due to something quite unique to how Tesla qualified for criteria (6). As pointed out in this article (Link: https://www.gurufocus.com/news/1229880/this-could-be-why-tesla-was-excluded-from-the-sp-500), the probable reason was because Tesla were only profitable due to the selling of Regulatory Credits. These are subsidies that auto makers receive from state governmments for production of electric vehicles. As the article states: *"Since Tesla produces nothing but EVs, the company racks up way more credits than it needs to meet the minimum regulatory requirements, so it turns around and sells the excess credits to other automakers so that they can avoid penalties."* + +Hence the speculation is that the S&P committee decided not to immediately include Tesla in the constitutents, because they were worried about the long-term viability of their income streams. It was only later in the year, last November, that the committee felt sufficiently confident that Tesla were generating income through selling their core products - cars - and thus decided to add them to the S&P 500 list. If all this is correct, then it was a unique issue specific to the EV automotive industry, and one that would not be relevant to GME. + +Yes, GME's share price has been volatile over the last year, and no doubt the potential for a Short Squeeze further heightens that. Volatility is probably another key thing the committee looks at, but I would conjecture that the company's fundamentals over the last six months have been strong and getting stronger. Furthermore, the committees would have been worried at the sheer size of Tesla, and therefore its weighting within the index - something that would not be quite of concern for GME. + +Hence in my opinion, there is a chance - *perhaps even a good chance* - that the committee will choose to include GME in the next rebalancing. We will not have to wait long to find out if this happens, in fact: the critical date of this next S&P constituents rebalancing announcement is Friday 18th June! (Link: http://www.nasdaqtrader.com/content/technicalsupport/tradingcalendar.pdf) + + +**WHAT COULD BE THE IMPACT OF INCLUSION IN THE S&P 500** + +As I stated in the previous DD, this could be big. I mean, really BIG! There are 14 ETFs which are directly tied to the S&P 500, but also dozens of others that are derivatives of it, managed by the largest asset management firms in the world. The entire business model of these ETFs is to replicate the base S&P 500 index as closely as possible, using either a market capitalization based weighting model or (less commonly) an equal weighting model. You can find the very long list of ETFs - worth more than $5 *trillion* combined in Assets Under Management, if including all the derivative funds - that are tied to the S&P 500 here: https://etfdb.com/indexes/equity/ + +As for how many shares all these ETFs may require for correctly reflecting an index that has GME added, let's take a look at Cincinatti Financial (ticker: CINF). I have chosen this company because they are the current S&P 500 consitutent which has the closest market capitalzation ($19.77 billion) to that of GME ($19.81 billion). Note that they are currently the 356th largest company by market capitalization in the index. I calculated (using https://www.etf.com/stock/CINF) that there are 31 ETFs holding CINF stock, worth a total of over $886 million. If GME is added to the S&P 500, and the weighting allocated is similar to that of CINF, it could potentially mean shares to a similar value of $886 million are necessary to be bought, in order to correctly reflect the index. **At this time of writing the share price is $280.01, so this equates to 3.16 million shares of GME that must fill S&P 500 tracking ETFs within five weeks of June 18th.** + +One thing to note is that not all 3.16 million shares (or however many there may be) will have to be bought in the open market. GME is currently held in 80 ETFs (https://www.etf.com/stock/GME) but many of these are small-cap category ETFs of Blackrock, Vanguard and State Street. I guess these firms will shift some of these shares from their small-cap funds, where they currently are held, to their S&P 500 tracking ETFs instead i.e. 'internal' transfers only, so these shares will not see the light of day. However, I think there will still be a very significant deficit that needs to be made up (1 million shares? 2 million shares? even more if the share price drops between now and the 18th?) and also a number of S&P 500 ETFs of other asset managers that currently do not hold GME at all. They would be forced to buy these addtional necessary shares in the open market, and given how tightly held GME shares are right now...those five weeks will almost certainly lead to upward pressure on the stock price. + +Repeating what I wrote in the previous post, Tesla's stock price increased by 70% in the five weeks from the rebalancing announcement up to the deadline for inclusion in the S&P 500 tracking ETFs. This included a spike in the last week prior to the 21st December 2020 deadline, as desperate fund managers chased reluctant sellers with ever increasing price offers to buy the last few required shares. Dare I say GME holders, including hundreds of thousands of Apes, will probably not let go of their GME shares quite as easily as those Tesla holders did. Sounds like an S&P 500 inclusion fuelled squeeze is therefore very possible, if all this plays out as described above! + +Hence my assertion that inclusion in the S&P 500 could become a catalyst for the MOASS itself...and there is nothing short hedge funds such as Shitadel can do to stop it. This buying pressure will mainly come from their giant ETF managing competitors such as the "Big Three" buy side institutions: Blackrock, Vanguard and State Street. These are firms that already have strong incentives to wipe out the likes of Shitadel anyway, and have perhaps been waiting for a legitimate chance to do so that does not cause them any issues with the regulators. If the MOASS has not already happened by then, GME being added to the S&P 500 could be just the opportunity they have been waiting for... + +**Additional note on how index rebalancing could lead to recalls of shares lent out to short sellers:** There were many comments and questions about this, after the post yesterday. As I stated when responding to one of these comments, I am not an expert in this particular area, and thus invite more learned Apes on this topic to contribute. There is speculation that one other reason for Tesla's run up, after their inclusion was announced, was because of shorted shares being recalled. Maybe, maybe not... Personally, I can see this could be the case if a company *drops out* of an index, and thus the fund managers wanting the shares back in order to sell them out of their ETFs. Not quite sure there is compelling logic dictating a similar dynamic, when a stock is *added* to an index. But again, I bow to the feedback of those more knowledgeable in this particular area. +Hello all, I hope everyone is well and I’m hoping some of you are willing and able to help me get started into trading. I recently became a stay at home father (temporarily until he starts kindergarten) to my newborn son and I’m going nuts. I was a finance manager for a big automotive group and have saved most of my life and put my wife through school and she is now a psychiatrist and I’m not used to not working. I love being a father and spending time at home and being in the position I’m in but I need mental stimulation and the problem solving/critical thinking part of my brain firing. I’ve never read about or dabbled in trading and I’m basically asking if you were to start over again where would you start and what books would you read? I read the new trader FAQs but looking for experience traders opinions as well. I have a decent amount of money to start that won’t make the wife too mad if I fail but would rather study and read before leveraging my cash. I apologize if this is a dumb question or I’m scatterbrained I’m rocking my son Banks and if I don’t write this now I’ll forget and be more behind the 8 ball. Thank you all and I hope everyone is doing well. +For those that have been trading full time and now live off of retail trading, do you have any concerns of the market changing so much that you are no longer able to consistently profit from new conditions? Is this a big caution for full time traders? + +I want to eventually become a full time trader and this is a big question that's been on my mind. + + +Edit: Thanks for all the great answers. +First things first. +I have 30 years old and I day trade almost every day, since I was 18. +So yes, Ive been through a lot of stuff already. +I day trade futures only. Not stocks. Leverage was and still is the main problem of day trading, at least for me. +I had ups and downs along those 12 years. +Money comes so fast… I mean, Ive started with 1000 and almost reached 100.000. Ive started spending in things I didnt even need. Untill I broke my account for the very first time. And trust me, that has happened a lot since then. +That was my first 2 years. +I was certain I could make 1000 turn into 100k or even 1M. “How dumb I was?” “Why did I do that?” Those phrases are common when we lose. +I usually have a 80% win rate. (1 day a week of loss). Or even a higher one. +The main problem is… sometimes, I just lose my mind and start buying or selling more, to have a better medium price, and guess what. I lose all the money. +And then instantly I just add more money to my account and start all over again. +That happened many many times during all those years, and I was ok with that, since it was a money I could lose. Always a small amount. +Obviously I had days that I wanted to quit. Day trading is very stressful and it affects your life. For many days ive been sad and depressive. You mistreat your wife, your parents, and you dont live propperly. In my case, Ive lost some job opportunities because I was just to focused on trading. From 09 to 18 thats amy main priority. You just care about you green or red daily balance. But even if you try, you just cant stop… you always come back. +So I finally reach that point again… i had like 400k, last year. Everything was great and I could ve just saved the major part of it. +I thought I was finally safe and happy. I wouldnt lose all that money the way I trade. +I was making like 3-4k a day. +Then, a small loss took me. I still remember the day it all begun. I was winning like 3k that day by the morning and it ended up giving me a loss of 20k. Not that huge problem, but still, a big loss. +Next day tried to recover a part of it and i got like 5k back from the market. +Next, -30k. I started to lose my mind. All i was doing crumbled. Those loses were ok. I could easily just stop, take a breath, and reduce my hand. Like take one step back to take 2 forward. +But somehow i couldnt do it. I needed that money back. To be fair, i didnt need. That money was never a money i needed. It was just some that i had on my account. But I couldnt take those losses. I needed to recover. +A few days later, after trading everyday, I lost 120k. Biggest loss ever. +I dont know why we just completely break our mind atter a week of loss. +So, after all, I lost everything I had managed to win, plus 150k that I took trying to recover. +I wanted to suicide. Ive had problems with my wife. With my parents, and everything arround me. Those weeks, I was just not me. Depression hit me hard. Nothing could make me smile, I tried everything I could to surpass that but in my head, I needed to try again. +Lost another 10k. +Today I still trade, everyday, started from 100 and trying to do it all over again and again. +Im just trying to understand what happens in my head. +I dont need to day trade. I do it because im trully addicted to it after all those years. Everyday I just want to know if i ended red or green. And my life keeps moving on and I feel ive missed so much time in vain. +What im trying to alert and speak to myself is, take care. I trully need help. I have money, thank God those dollars wont make a huge difference in my life. But im sure that happens to other people and the story is diferent. +So, thats my 12 years. In a short brief, still need help to stop that drug inside me. +Hope it helps, somehow, anyone who reads it. +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. +Remember to be kind but firm. Nobody likes an asshole. My service is through WOW! internet and cable. Few years back I dated a girl who worked for Time Warner. On our first date she +told me they do the same thing when you ask to leave. My mom has kept the same rate for XM radio for years doing this. Hope this helps. +In an interesting development this week, GME put/call parity, which has tracked like any normal stock for months, started to split apart this week and today really fractured. + +Put/Call parity implies that both the put and call will have (about) the same IV at the same strike. I have been using a model to track GME IV for, among other things, an at-the-money strangle since Jan 27, 2021, recorded in the database at around 1:00 PM ET. + +My models calculate implied daily volatility (IDV) rather than annual volatility. I am always tracking a monthly so currently the May 21. + +GME ATM IV has declined steadily and in a very orderly way and showing relative parity since late March. IV was extremely high in March but began a relentless decline. There was some asymmetry - put IDV typically higher than calls, such as Put IDV at 0.08748 and Call IDV 0.07048 on Friday, April 9 - but this is often seen in tech stocks and is usually explained by heavy hedging of long positions. + +In the last two weeks, both calls and puts were moving down to the 0.05 level of IDV, largely at parity. + +Today, a little after 1:09 ET (I ran the model a number of times because I was having trouble pulling in live data) I recorded the 140 Put IDV at 0.06025 (GME at 141.27) and the 145 Call IDV at 0.03856 (GME was 141.22). [Yeah, I know, that is not the same strike but when they are that close you still get very close to parity]. + +Other than in panics, I don't recall that I have ever seen a parity spread that wide. + +To me it indicates an extreme level of hedging. Any other guesses? + +[Edit: ran the models again at 1:18:04 and the spread persists, but at a lower level, the 145 Put at 0.05699 and the 150 Call 0.03062. Another thing that surprises me is that the Call IDV is so low .. part of that explains the parity spread]. + +[Update edit at 12:30 PDT]: + +And by 3:20 PM ET it was entirely arbitraged away! At 12:23:19 the May 21 145 Put has an IDV of 0.05680 and at 12:22:19 the 150 Call had an IDV of 0.05539 (and that is essentially parity). I pulled up the limit order book for the 150 Put and watched with fascination how that one participated in the convergence. A while ago when that Put had an ask size of 116 at 11.60 it had a bid size of 1 at 10.80, but hundreds of contracts bid at 10:50. It sat there for about 10 seconds. Then suddenly the solitary 10.80 (it was on PEARL) got filled and then 10.50 ask at high volume instantly became best ask. I have been watching this kind of screwy trading all day long in GME near the money options. Very interesting and kind of unusual. We are back to parity so someone made a little money here I guess on rational arbitrage. + +OK, time to move on. + +And for those of you asking what it all means, it means that options are really, really interesting. + [Robinhood Markets Inc.](https://www.bloomberg.com/quote/1278015D:US), the popular trading app, has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission, according to people familiar with the matter. + +Robinhood is moving forward with its IPO although its listing plans could change, said the people, who asked to not be identified because the matter isn’t public. + +Bloomberg News [previously reported](https://www.bloomberg.com/news/articles/2021-02-27/robinhood-said-to-plan-confidential-ipo-filing-as-soon-as-march) that Robinhood was planning to file for an IPO this month. The company has selected [Nasdaq](https://www.bloomberg.com/quote/NDAQ:US) as the [venue](https://www.bloomberg.com/news/articles/2021-03-05/robinhood-markets-said-to-select-nasdaq-for-ipo) for its listing, people familiar with the matter have said. + +A representative for Robinhood, based in Menlo Park, California, declined to comment. + +Robinhood became immensely popular during the coronavirus pandemic, particularly as homebound young people turned to online trading to pass the time and make money. +Good Morning Everyone ! + +Bit late today, but I'll try to get this jotted down so I can do some edits. + +Today is the second day in the T+2 exposure window they have until tomorrow to cover their exposure from ETF LEAPS and GME Quarterlies. It is likely we will see price action from that play out today. + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Small run into close but no indication of covering any exposure so far tomorrow is the final day for us to see any kind of exposure from this GEX cycle. The Massive amount of shorting done into the exposure date on Dec 17th definitely reduced exposure and my expectations of a run but the should still be some price action. Looking in at BBBY, M, DDS etc... they all suffered similar periods of shorting and have all experienced significant increases in price that last couple days. GME is not tracking yet, but this still indicates that there is covering that needs to be done. Today we closed $3 above max pain (155) so hopefully a bullish signal for tomorrow. Thank you all and I'll see you in the morning. + +https://preview.redd.it/dfborir1oy681.png?width=690&format=png&auto=webp&s=72cfa95a64878c741c0d69af73157a9d7b930c0a + +Edit 4 1:59 + +All the other stocks in the ETF baskets moving significantly during this window except GameStop still flat we aren't even getting dragged up by today's huge run on the S&P. Just waiting on our turn... remember this exposure period runs until tomorrow. + +https://preview.redd.it/gm45dyk31y681.png?width=1631&format=png&auto=webp&s=cac1be397cec343fa9c6ebd138d33798c06a2bc4 + +Edit 3 11:44 + +Starting to break out of this consolidation crossing back to the upside of the consolidating averages for the day volume is still low however + +https://preview.redd.it/lpe59wr3dx681.png?width=1631&format=png&auto=webp&s=9ccd1e5eec4d84100bf6cf9e5d70151628cc984a + +Edit 2 10:37 + +Failed the test at 160 but found a higher low on this bounce forming an inverse head and shoulders if some volume comes in we should break that resistance + +https://preview.redd.it/24kgb67zzw681.png?width=1625&format=png&auto=webp&s=05b61aad9dfa6b4d0d03140589d8bcc939abd21a + +Edit 1 10:17 + +Double bottom open some of the other basket stocks already seeing some price action this morning GME usually trails behind these conservative targets for a run remain the same at 200-225. IBKR has 20k shares and Fidelity 355, 591 shares to borrow. Current bounce almost confirmed. + +https://preview.redd.it/6b83v8owxw681.png?width=1627&format=png&auto=webp&s=b2b3ad16ea0ec01cbb00aca27181e4d7a061637e + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* + I’ve seen lots of posts here with questions about how to stay healthy, physically and mentally. I have a different question: How do you think about the \*importance\* of longevity, where that is defined as not only living longer but being sure the final years are spent healthy so that you can fully enjoy the years not working? + +Here’s why I think it’s an interesting question. For the sake of argument, suppose that everybody wants 30 years where they are healthy and can enjoy things without having to work. If one retires early at 40, then they can potentially get those 30 years without even trying very hard because normal life expectancy is greater than 70. But if one retires at normal retirement age (say 65), then they will have to be exceptionally diligent about their health to try to make it in a healthy way until 95. That’s just a simplified example to make the point that by retiring early, a Fatfirer gets to enjoy a bunch of life starting at a younger age without even worrying much about longevity. In the case, it seems longevity is less important (not unimportant, but just less so). + +On the other hand, a Fatfirer has much more wealth than the typical person so that they have the resources to enjoy life at a higher level for more years than a person with less wealth. An 85-year-old with high income or resources can undoubtedly live better and easier than an 85-year-old with less wealth. To me, this points to longevity being more important. + +So, how do you think about it? My thinking is driven partly by things that might be more fun in the short-term, but that even in moderation might shorten life expectancy or maybe increase risk of health complications. +I see the pros and cons to each but ultimately like the spontaneity that ownership allows for and the idea of building memories at _my_ place instead of _someone else’s_. + +With that said, the idea of maintaining and managing a second home is a little daunting and renting allows me to explore different places. +[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/) +People with side hustles, second jobs and random money spinners: + +* How did you get into it? +* How did you get the skills required? +* How much does it pay, how much time does it take? +* It is worthwhile overall? +I’m currently 21 studying full time in neuroscience and business and also working a full time corporate job in the daytime as a tech consultant making $50k/annum after taxes and work teaching piano on the weekends. + +I know that it’s certainly do-able for me to make 6 figures before I’m 25 but even all the calculations for a home loan, I’m not sure how I’ll ever be able to afford a home in Sydney even with a partner who makes the same amount as me (we’ll both likely make 6 figures by 24/25). + +Given this horrific lockdown situation, I’ve learned how important having a yard, separate office space given I’ll likely be working from home after lockdown too. My mental health is honestly in the biggest decline and one of the only things that keeps me happy is my succulent farm that I’m growing in my backyard and the separation between my office and bedroom (I live at home and plan to live at home till buying a house as in my culture it’s acceptable to stay home till marriage). + +Would anyone have any advice or suggestions as to how to save for a home in the future? Would be kindly appreciated. + +Edit: Thank you for all the advice everyone! +**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! +My mom has a credit card with American Express. She told me that the other day she logged in to check her account and noticed she was charged a late fee. She was confused because she always pays early. She called Amex and the representative she spoke with told her she was charged because she paid too early. + +I think her payment was due October 3rd, and she paid September 9th or something like that. She always pays early and the September 3rd payment had already been made so its not like they were charging her late fees for that. + +Is this normal for credit card companies to do? +Here are just three examples of the sub’s most mentioned coins back in the previous bull run. + +**1 - Waltonchain: ATH $41.15. Today $0.99. Rank: 782nd** + +“Waltonchain partners with China Telecom (China's largest telecom)” + +“Lmao at all these guys still questioning Waltonchain's legitimacy.” + +“Waltonchain (WTC) Wins the 2018 Outstanding Blockchain Company Award at the 1st Summit Forum of Blockchain” + +“Waltonchain has literally won SO many awards. They also have loads of patents.” + +“I feel like people aren't investing simply because they think the name sounds weird. Very foolish.” + +**2 - Vertcoin: ATH $9.80. Today $0.50. Rank 755th** + +“Top privacy” + +“Feels like it is better than Bitcoin...like it has all the features that Bitcoin is lacking (atomic swaps, lightning network) and also maintains the principle of cryptocurrency like decentralization....can anyone tell me why it is not better than Bitcoin?” + +“VTC is the hero we have been waiting for” + + +**3 - Aion: ATH $11.31. Today: $0.175. Rank: 475th** + +“Aion is the next big cryptocurrency after ETH and NEO. You heard it here first.” + +“Torn between AION and Cosmos...” + +“Aion is one of those rare projects where everything just comes together perfectly, Matt the ceo is the most capable leader in blockchain, one podcast with him explaining the idea of the Aion network and I was sold.” + +**Remember: Everyone is a genius in a bull market.** +Everybody keeps talking about how they're the best producer in Canada and is praised as having great management and all the rest. Yet at the end of the day it and SU are no better off than any other oil company. They both recently raised dividends by 10+% (I believe). Yet here they are about to go to single digit stock prices. Amazing +Husband and I are in our 70’s, both retired. We had excellent credit but our son had major medical issues and had no insurance, so it fell on us. We also paid his rent and bills while he recovered. + +We lost our house, and everything just fell apart. + +Now our credit score is crap (450) because we relied on our cards, and fell behind on many of them. We also have some medical bills that are on our credit report. No bankruptcies. + +All together we owe over $35,000. + +We live on two small pensions and social security. We just moved into a senior complex. We can afford the rent (all utilities are included), car insurance, and phone. After everything there’s about $1500 left for food, gas and misc. medical supplies, etc. + +I want to get our score back up because I’d like to buy either a camper or a small home (tiny house is fine). I’m just not sure how to start, or what to do. I know we can’t be sued, but that doesn’t help me in bringing our score back up. + +Open to suggestions. TIA + +Edit: Thank you to ALL who have responded! I’m overwhelmed with all the replies I’ve gotten, so may suggestions, ideas, and caring. I’ve been in tears off and on since yesterday. + +I’ve been doing SO much for SO long - alone, the response from Reddit internet strangers is, well … overwhelming and has really touched me. + +I will add more information when I’m able to sit down and concentrate. I’m pretty busy with allot of responsibility, so it may be a few days. + +Again, thank you all so much! ❤️ + +Edit 2: Sorry for the delay, we’ve had allot going on. + +Here’s some additional information. I’ll also try and reply to some of your posts. + +My son was in Washington state and we lived in NY state, when the medical emergency happened. My husband stayed with his daughter and I drove to Washington and rented an apartment near my son for a year, until he was stable. + +The cost of the trip, rent for a year, additional cost towards son’s rent, food, etc all came from our savings and CC’s. + +Son is on Disability and Medicaid, but we paid additional medical costs not covered, along with needed equipment for him. Also, I sent my husband a fixed amount to contribute to food, gas, and other expenses while he stayed with daughter. That’s another whole horror story. + +Anyway, the combination of all of that, used all savings and maxed out all cards. I tried to stay ahead of them, but just couldn’t. + +Meanwhile, we fell behind on taxes on our home, so they foreclosed. + +Now we’re living month to month with no savings and no long term care coverage. + +VERY scary! + +The $1600 left each month is for food, gas, paper supplies, cat food and medical/personal supplies. + +I have decided against a camper after reading responses, I could never handle the upkeep, and neither could husband. + +I’ll continue tomorrow, but that should help. +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/) + +**Welcome to the Daily General Discussion thread.** + +- +*** +- + +**Disclaimer:** + +Moderation is less stringent in this thread since it is exempted from the karma and age requirements. Therefore, consider all information posted here with a pinch of salt, and always cross check with known sources what information you find. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here. + +**PnDs and brigades are not sanctioned by the mod team in any way as they violate [rule III](https://www.reddit.com/r/CryptoCurrency/about/rules/). If you discover this thread is being used for these activities, bring it to the mod teams's notice via the [modmail](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoCurrency).** + +*** + +**Guidelines:** + +* Questions, debates, meta issues, etc are all welcome. +* Breaking news should be posted separately from this thread. + +*** + +**Rules:** + +* All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread except for the karma and age requirements. Anyone can participate. +* Discussion topics must be related to cryptocurrency. +* Comments will be sorted by newest first. + +*** + +**Resources and Tools:** + +* 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. +* Click the RES subscribe button below if you would like to be notified when comments are posted. +* Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. [Click here](https://www.reddit.com/r/CryptoCurrency/search?q=Weekly+Skeptics+selftext%3Acontroversial&restrict_sr=on&sort=new&t=all) and select the latest thread on the search listing. + +- +*** +- + +Thank you in advance for your participation. Enjoy! + + + +I just spent a few hours reading everything I could find about The DAO and there are many things that confuse and trouble me. This appears to be a common sentiment, but I don't think anyone else has touched upon my biggest concern yet, so I'll describe it here. In short, The DAO appears to be a high-risk long term investment. However, it also appears to be a risk-free short term investment. Consequently, I expect there to be a massive initial investment in The DAO, then a huge pull-out before the first proposal is funded. I have no idea what effect this will have, but it frightens me. I'll break this down a bit now: + + + +**HIGH RISK LONG TERM INVESTMENT** + +Here is a direct quote from the Slock.it UG Proposal #1 Overview: + +"While in no way binding, tentative revenue projections can help understand the potential of this Proposal. For example, there are currently 2 million Airbnb rental property listings in existence (Source: DMR ), and the total bookings value was USD $2.2 billion in the last quarter of 2015 (Source: WSJ ). If the Universal Sharing Network was only to aid in the rental of 5% of the Airbnb listings—allowing their users to have trustless key management—and the DAO% was set to 1%, The DAO would receive USD $4,400,000 in rewards per year from just that application of the network alone." + +Let's imagine the above speculative projection comes true. The current investment total for The DAO is 5,800,000. If I invest $1000, I will hold 0.017% of the tokens. This would give me $758 from the $4,400,000 first year reward. Not bad, considering this is only one of many possible uses and this is a yearly reward. However, speculating that the Universal Sharing Network will aid in 5% of all Airbnb listings is actually quite a lofty goal for an as-yet unfinished, unreleased product. Even if we are optimistic about achieving or surpassing such a goal, it would take years. Not to mention this is dependent on an experimental, first-of-its kind DAO platform, which itself operates on the Ethereum network, which is equally experimental. Additionally, we are only on the first day of a 28 day investment period for The DAO -- who knows how much further individual contributions will be diluted. The risks of this investment seem to me to far outweigh the potential gain. + + + +**RISK-FREE SHORT TERM INVESTMENT** + +I copied this from daohub.org: + +- Any DAO Token Holder can - at anytime - submit a Proposal to request the ETH they are entitled to, proportionally to the number of DAO tokens they hold. + +- At any time, the DAO Token Holder may retrieve their proportional amount of ETH not already committed to a Proposal. + +- DAO Token Holders maintain their right to receive the rewards from The DAO even if they choose to leave The DAO. + +If I understand this correctly, DAO token holders can exchange their tokens for the ETH they bought them with at any time, minus any that the DAO has already invested in proposals at the token holder's discretion. Consequently, it seems to be a no-brainer to exchange all your ETH for DAO tokens. Once the tokens are released, you can potentially trade them back into ETH on an exchange for a profit if their value rises above your buy-in price. If they trade for less, you can simply burn your DAO tokens and retrieve the ETH you initially invested without loss. It is a win or break even scenario. + + + +**THOUGHTS** + +It seems to me that these two simultaneously existing conditions will cause chaos. On the one hand you would be a fool to not invest all your ETH in The DAO because there is nothing to loose provided you cash out before the first proposal is funded. On the other hand, it seems foolish to actually invest in the DAO (from a strictly economic perspective). Considering this, will we not see the vast majority of what is presently being invested in The DAO liquidated at the last minute before the first proposal is funded? What impact would this have on The DAO? What impact would this have on Ethereum and the value of ETH? + +On a somewhat unrelated note. I'm also troubled by the fact that 5.8 million dollars was invested in The DAO on the first day. Given that the conversion rate remains the same for the first 14 days, it is clearly best to invest (or decide not to) on the 14th day. Doing so gives you the maximum information about the expected total investment in The DAO, not to mention greater understanding of the situation and the sentiment of others. You also have two additional weeks of opportunity to make use of your money. This makes me question the thoughtfulness of the present investors and concerns me because these are the people I would be voting alongside regarding the operation of The DAO should I choose to actually invest in it for the long term. +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! + +***A perspective from someone who has worked with the US government as a management consultant for close to 15 years, with a decent understanding of public policy, economics, and cryptocurrency / blockchain technology.*** + +[This Congressional testimony / hearing is very interesting so far.](https://www.c-span.org/video/?440770-1/jay-clayton-christopher-giancarlo-testify-hearing-virtual-currencies) The tone is *exceedingly* positive so far, in my opinion. Right now, this is a very small market, but they know it's going to grow, and public interest is massive. ICOs are the flashpoint that has caught their attention, but this story goes far beyond ICOs and "tokens as securities." + +At this point, they are just trying to figure out how to get the government organized to oversee this technology (one agency, or defined roles for multiple agencies- including SEC, CFTC, CFPB, Treasury, Federal Reserve). As a US public policy expert, I can tell you this type of distributed structure is a disaster for overseeing an emerging technology like blockchain. There needs to be a "lead" agency. And they need to employ knowledgeable and qualified professionals. + +But from this hearing, and many other conversations I've had with government officials over the past year, there is a recognition that this is a global phenomenon that no one government can / will control. ***At this point, the US government's primary interest in regulating this technology is in protecting consumers from fraud and manipulation. Do not forget that.*** They might not fully understand the value proposition of this technology at this point (look no further than the SEC Chairman, Jay Clayton for an example of that), but they definitely do not want to quash innovation in this space either- otherwise, they know they risk sacrificing US economic competitive advantage in the future. + +And make no mistake, the US government is also incredibly interested in *using* this technology to improve the quality and efficiency of the services they provide to their citizens. I can't go into details, but know that this is true and being researched heavily. + +As Ethereum (and more broadly, "blockchain) scales and shows real societal and economic value, beyond just speculative financial value, the tone of these agencies will evolve further. They will view this as an important, foundational technology which cannot be ignored. Just like what happened with the internet. Right now, those benefits aren't readily apparent, but make no mistake, this will change in the next 2 years. + +I have plenty of worries about the cryptocurrency market, but at this stage, very few of them have to do with possible government regulation. +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! + +Team is fully doxxed, 70% of the liquidity is locked for 6 months, 14% of the supply is currently locked. 40% of Team tokens and 40% of Staking/Partnership/Giveaway tokens are also locked! Serious project and if you’re reading this you are early! + +**Website**: https://eswapping.io/. +**Telegram**: https://t.me/eswapping. +**Discord**: https://discord.gg/BW75CpYS. +**Twitter**: https://twitter.com/e_swapping. +**Github**: https://github.com/Piotrreeqq/BSC-tracker-eswapping.io/releases/tag/0.1. +**Token Contract**: https://bscscan.com/token/0x1b79708eea29900dbbbca8a5ae620ac741618ae4. + +**PROJECT OVERVIEW** + +>eSwapping offers a Limit order trading bot written in Python currently working on the Binance Smart Chain. +>Limit order bot checks the smart contracts on Binance smart chain in realtime monitoring your positions when you can’t. +Bot currently works on PancakeSwap, it uses our utility token called ESWAP. +>We also offer a free price tracker application that allows you get real-time price updates on pretty much all tokens traded on PancakeSwap. +>Our goal is to make the Limit order bot cross-chain, we plan to support MATIC, AVALANCHE and xDAI with their Native forks of Uniswap, e.g. QuickSwap, Pangolin and HoneySwap. + +**FAQ** + +>*Where to download Price Checker?* +>>https://github.com/Piotrreeqq/BSC-tracker-eswapping.io/releases/ + +>*Where to download Limit order bot?* +>>https://github.com/Piotrreeqq/eSwapping-LimitBot-BSC/releases + +>*Is the presale still live?* +>>**Live on DxSale**: >>https://dxsale.app/app/pages/defipresale?saleID=49&chain=BSC + +>*When do I get my tokens?* +>>Once the presale is finalized you will have to claim them on DxSale. + +>*How can I use the bot without tokens?* +>>For the duration of the presale you can add your txnhash of over 300 ESWAP purchase. We will whitelist your address under our beta testing. +>>After presale ends, you can use the bot from any wallet you hold specific amount ESWAP tokens in. + +>*How much is the Limit order bot?* +>>100 ESWAP for BASIC (One Token Only) 300 ESWAP (Unlimited tokens) + +>*Why is there a token?* +>>Kind of like a license for the bot, also gives you an incentive for holding (will be announced) + +>*Where can I find the roadmap?* +>>https://eswapping.io + +>*What’s the supply allocation?* +>>Public Sale: 35%, Private/OTC: 5%, PancakeSwap: 25%, Team: 10%, Staking Rewards/Partnerships/Giveaways: 25% + +>*Why you have a mint function in your contract?* +>>Because the Tokens get minted in the beginning, also the minting_finished is set to true, can never be changed. + +>*Are any tokens locked?* +>>14% of the supply is currently locked. 40% of Team tokens and 40% of Staking/Partnership/Giveaway tokens are also locked. +>>So there was a phase 1 listing at some point, what was the price on that? +>>Price was 600:1 BNB + +>*Liquidity locked?* +>>Correct, will be locked for 6 Months. +I’m daytrading part time with profitable results. I’m probably 6-12 months away from considering doing it full time. I would be interested in hearing the stories of people who have done it successfully full time and any advice. +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. +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. +Both Tastytrade and OptionAlpha recommend that we exit winning trades at 50%. This improves profitability and number of winning trades + +How is this as an alternative? + +1. Wait for positions to have 50% winning +2. Hedge -- e.g. buy spreads -- the downside. These hedges are likely to be cheap anyway for the expiry since time has likely passed + 1. Use 20% or so of the remaining time value to buy the hedge +3. Close all positions once time value has expired + +What do you think? This could increase profits and reduce risk +Prices are driven by demand and supply. If everybody is theta ing dte 45 - 30, will that not put downward pressure on premiums received? And lower the profitability of the strategy? + +Thanks in advance for your responses +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Hi, + +i have been playing this strategy for a few weeks in a row and it seems more profitable than IC since given the same spread you get more theta and a tiny, close to 0 vega. It less profitable than IC if the price stays in the middle, a lot more profitable than IC when closer to the short strikes , but if sold for a credit or for 0 balance doesn't come with a loss if IV crushes. If IV spikes a bit is more profitable. + +Expiration is always friday for the short legs and mondays for the long ones. I close generally half an hour before market close on friday + +Question is when is the best time of the day to open the trade? IBRK allows me to open the trade during global trading hour, and I tend to do it one hour after the first reading of VIX which is 4 am in Us but in Europe is 10 am in the morning. Without spx at that time I use the spx futures as reference point + +That time is nice because european market just open and there is enough volume to sell the combo at midprice, but (and this was the question) I was wondering if could be safer to do it it on 4 pm european time (10 am US) when the US market is open and has already taken a direction. + + +Generally trading at the opening of the european market allows more stability, so the price stays in range till wall street opens for few hours. Alternatively I could wait fo 1h after Us market opens once it has taken a direction, but it always feels less stable. + +For example on mon oct 3 and tue 4th I have been burn by a super large two days updrend nearly 6% that would have been 2-3% smaller if I had opened 10 am rather than 4 am US time. + +Given that the end point is trow a spread as much centered as possible to get at the end of the week, what would be the safest entry point? +Learned my lesson. Sold a $1200/$2800 Sept 18 strangle on Tesla pre split. Rolled up the put to 1300 and now 1500 but the call is starting to scare me as far as paper losses. When I sold it it was far far OTM, something like delta 2-3 if not less. I’m now showing a 200% or so paper loss. I would normally now roll up the 1500 put up to capture more premium but I’m not really comfortable selling a 1700+ put since what goes up must come down —- and I don’t want to be assigned 100 shares at 1700. To be clear the profits from the puts outweigh the paper loss on the call, but I really don’t want to take on any loss I don’t have to. + +I feel like all I can do now is hold my positions and wait for theta decay to kick in, but this only works if Tesla doesn’t keep adding 60-100$ per day. Other option is to buy enough shares so if I get assigned I don’t lose my shirt. What do you think? + + +Lesson is do NOT sell calls on Tesla. Strangles don’t work - just sell puts and ride it up. It can explode up at any minute. My worst fear now is that they get added to the S&P and it gaps up even more. Luckily I’m holding shares (30 right now, all house money since I bought and sold a bunch on this run up). + + +Update (Aug 25 2020): I closed my short call today for a small loss. I just realized that I couldn’t sleep knowing TSLA could keep mooning with any positive news. Glad I waited though. The loss was minuscule compared to the worse case scenario or the loss as of Friday. Thanks for all the tips. Will not be selling naked calls on TSLA anymore. I’ll keep selling puts since I’m fine getting assigned at those prices. If I sell a strangle it will be a Jade Lizard. +Scenario: I have $150,000 cash in my account and I want to open a position for 100 contracts of PLTR 16 APR 20P. + +I sell the contracts, so 150k is secured by cash and 50k is secured by margin. Do I pay interest on the 50k margin that I'm "using" to secure my position, even though I haven't actually bought the shares with it yet? Or do I pay no interest until my puts are assigned + + +Edit: thanks for the downvotes nerds. Next time I'll be sure to ask your favorite stock to wheel for under $10 +So I am very high on cash due to RSU sells recently - Since then, I also heard a lot of advices that I should not be afraid of market all-time-high and should stay in. And today I read a report saying lump-sum investment beat dollar-average. + +Ok so I though it's clear. I should just put those cash into index funds. + +But then, I saw this chart: [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +And I am not sure any more. It looks like the market is heading to something unprecedented. Should I wait? Should I get in now? Thoughts? + +BTW I am relatively young so yes long time horizon and all that. I think I can probably also just TLH if i got hit by a major crash. But still, I am a bit worried after seeing that chart. And recovering from all-in position this time could be who knows how long, maybe a decade. +Title says it all. This company is a monster. Reliable, consistent, profitable. A great long term hold imo. + +When talking “blue chips” it’s always P&G, Apple, Home Depot, etc. I just feel like $TXN belongs in the conversation, too. +Since there are so many negative posts about Kraken. I would like to offer my 2 ct. + +Do I wish the engine was better right now; of course. But I trust their vision and think they will fix it soon. I have done SEPA withdraws almost every day for the last weeks; and when done before 12:00 I will have it in my Bank account the same day. + +For me; keeping my funds as safe as possible is my main concern; as is getting them out when I want. +I have been in the crypto space for years now; and finding a trusted exchange is hard. + +So I still give them the benefit of the doubt. I think they will fix it. The fact that they can't keep up with demand is a positive in many ways. + +....note: if you can not get trough with and order or withdraw ..don't forget to check the amount of "open orders" you still have, It will not tell you this. When you look at your balance you might forget this... + + +Ready to start the wheel strategy as I’ve been studying it for some time. Looking for suggestions as to stocks to use. Ideally share price <=$20 a share given my options budget. Thanks +**The original method used to calculate the cap was not accurate, and just happened to be roughly correct due to two of my largest mistakes offsetting each other. The post below has been updated to produce a more accurate estimate of wholesale costs, but it is still a very rough method using end-of-quarter prices rather than averaging all prices (the application will average the price of more contracts, the difference of the method below with more complex is under 10% though).** + +Price cap estimates in most articles are based on consumption for the average consumer. But what does this mean for you? + +This post will explain how you can use publicly available data to create an estimate of the price cap at a given date, and then use that to create an estimate of your own bill at that date. + +Price cap estimates are based on electricity and gas futures. A future is a contract for the purchase of a commodity at a future date. There are futures contracts for UK electricity and UK natural gas expiring from September this year to many years into the future. The price of these contracts do not predict the future price, but provide today's estimate of supply and demand for delivery at that future date. + +Here is the price table for UK natural gas: [https://www.barchart.com/futures/quotes/NFU22/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/NFU22/futures-prices?timeFrame=daily) + +And here is the price table for UK electricity: [https://www.barchart.com/futures/quotes/N4U22/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/N4U22/futures-prices?timeFrame=daily) + +And for UK electricity at peak times: + +[https://www.barchart.com/futures/quotes/N8F24/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/N8F24/futures-prices?timeFrame=daily) + +To calculate the accurate fuel cost for the price cap, we need to weight prices across the year reflecting the cycle of seasonal demand for these products. The actual weighting scheme used has to be very precise, but we will use less data to make this easier at the cost of some accuracy (I have checked the result against other estimates, and it is within 10%). + +We take the end-of-quarter price for each contract in the price cap period: March, June, September, December. + +We multiply gas by: March \* 0.422 + June \* 0.168 + September \* 0.077 + December \* 0.332. This will leave us with a weighted annual price in therms. + +We multiply peak and base by: March \* 0.286 + June \* 0.228 + September \* 0.208 + December \* 0.278. + +We then weight peak and base: weighted peak price \* 0.3 + weighted base price \* 0.7. + +If we do this for the January price cap, we end up with a weighted gas price of 416 pence per therm and weighted electricity price of £425 per Mwh. + +Confusingly, UK electricity is priced in Mwh but UK natural gas is priced in therm. Both are measures of energy, but we want to work with Kwh so will need to convert. + +For gas we first convert to pounds - 4.16 - and then multiply by 1/29.3071 to get the price in Kwh: 0.142. + +For electricity we just need to convert from Mwh to Kwh, so we multiply 425 by 0.001 to get into Kwh: 0.4255. + +Ofgem uses annual consumption numbers (for consumers with mixed gas-electricity power) of: 3100Kwh for electricity and 12000Kwh for gas. + +We multiply that through - adding a standard charge of £0.45 per day for electricity and £0.27 for gas - and get £3,286 of cost. + +To this, we need to add other costs related to the distribution and generation of power. + +The exact quantum of these costs is not with certainty ahead of time. During 2023, it is also expected that certain costs are realised by distributors that may not be incurred after 2023 (i.e backwardation). + +Current estimates of these costs come out to \~8p Kwh/day, or \~£1,200 annually. This takes the total cost in January to \~£4,200. + +You can replace the consumption information with your own numbers to get an idea of your own cost. But remember to add the fixed costs at the proportional level. If you are modelling the cap after 2023, I think a number closer to 7-9p Kwh/day would be more accurate but this is just based on levels pre-2022. + +But if you don't want to go through this yourself, want an estimate that is updated every day, or want to work out an estimate for every quarterly cap period up to 2025, I have built an online tool which does this all: [https://pytho.uk/hephaestus](https://pytho.uk/hephaestus) (right now, the application uses the old incorrect version of this calculation, I will update with a more accurate method that uses more prices when I have time, I am also investigating how to model backwardation costs for the application as this has become a significant "fixed" cost). + +I have also put together a more general blogpost explaining in more detail some aspects of this calculation: [https://pytho.substack.com/p/how-to-calculate-the-energy-price](https://pytho.substack.com/p/how-to-calculate-the-energy-price). + +It is important to understand that this is not a prediction but an estimate based on today's information. As time elapses, information and prices change. The application was created to allow people to check in frequently at their leisure and make decisions (rather than wait for a consultant to announce to them that they need to panic immediately). + +Happy to answer any questions. If anyone has any idea how to improve the calculation, I am also happy to take suggestions (I don't really know much about power generation, my modelling for fixed costs is a very vague estimate...the logic is explained in the blogpost as it is too involved here...so would be happy to for any tips from those who know the industry). + +Thanks for reading. +>The increased engagement is attracting the attention of regulators like the Financial Industry Regulatory Authority. Wall Street's self-regulatory arm is considering whether changes to the options rules may be warranted, including regulations around options account approvals, supervision and margin requirements. FINRA's request for comment will be published in the coming weeks to solicit insight from exchanges and brokers about options trading and the risks involved. + +Why they consider a move: + +* Retail traders represent more than 25% of total options trading activity +* The average daily notional value of traded single-stock options climbed to more than $450B in 2021 +* Around 39M options contracts have traded daily on average this year + +Do you need the protection from FINRA? +Among Canada’s Big Six banks, Bank of Nova Scotia’s BNS-T -0.51%decrease +subpar share price performance stands out. The good news: The stock’s low valuation and high dividend yield are also distinctive, offering compelling reasons to give this laggard a second look. + +Though the stock has rebounded from lows last year and has risen above levels seen before the COVID-19 pandemic arrived in North America, Scotiabank’s returns are at the back of the pack. + +The country’s third-largest lender trailed its peers in 2020, slumping 6.2 per cent (not including dividends). That’s considerably worse than the 1.6-per-cent average decline for the group, when investors were concerned about the economic damage caused by the pandemic. + +So far in 2021, Scotiabank’s share price is up 15 per cent, helped by the rebounding Canadian economy and the strong housing market, which can underpin confidence in lenders. + +But there’s a reason you might not be hearing many cheers: Big bank stocks have risen by an average of 26.5 per cent year to date, which is 11.5 percentage points better than Scotiabank. + +Blame the underperformance on the bank’s long-standing exposure to international markets. Its substantial presence in the Pacific Alliance countries of Mexico, Chile, Peru and Colombia, as well as the Caribbean, can work well during good times because of the relatively strong long-term economic growth in those regions. + +But the pandemic is still weighing down those economies. In Mexico, for example, supply-chain disruptions and parts shortages are slowing the pace of a recovery. The Delta variant is also crimping international travel and tourism, traditionally a large source of revenue for the country. + +The impact on Scotiabank’s financial results for the fiscal third quarter ended July 31, released this week with results from other banks, highlighted the challenges to its international banking division. + +Revenues from Canadian banking increased by a healthy 6.5 per cent from the previous quarter, but revenues from international banking declined slightly, due to disappointing loan growth and the impact of low interest rates on loan margins. + +Scotiabank’s adjusted Canadian profit (before taxes and provisions for bad loans) is now 4 per cent above levels seen in the first quarter of 2020, before the pandemic slammed into the global economy. In the international division, though, this profit is languishing a remarkable 19 per cent below early 2020 levels. + +“While we saw heady results from the domestic segment, the international one continues to operate at a level far below its pre-COVID pace,” Gabriel Dechaine, an analyst at National Bank of Canada, said in a note. + +But for investors, there may be an attractive opportunity here. Several analysts say it is only a matter of time before Scotiabank’s international operations hit their stride again, as regional economies gain strength and loan growth picks up. + +Central banks in Chile and Mexico raised their key interest rates earlier this summer, which should boost profits on bank loans. Scotiabank’s managers expect retail loan growth will accelerate in the fourth quarter. + +The nice part about betting on the stock now is that it is trading at relatively cheap levels. Scotiabank has the lowest price-to-book ratio among the Big Six, at 1.5. The sector average is 1.64, according to RBC Dominion Securities. + +The stock’s forward price-to-earnings ratio, based on profit estimates for 2022 from RBC Dominion analyst Darko Mihelic, is also low, at 9.4. The P/E ratio for Canadian Imperial Bank of Commerce – often the bank stock with the lowest valuation – is 9.9. At the pricier end, Toronto-Dominion Bank’s P/E is 10.6. + +Scotiabank’s dividend yield is also more attractive than all its peers. The yield is 4.5 per cent at Friday’s closing share price, compared with CIBC’s 3.9 per cent and TD’s 3.7 per cent (and, for that matter, the paltry 0.84-per-cent yield on the five-year Government of Canada bond). + +Scotiabank’s higher yield may reflect the prospect of slower dividend increases than other banks, once the banking regulator gives the sector the go-ahead to raise them again (increases have been curtailed during the pandemic). But that’s no reason to shun the stock. + +Buying an underperforming Big Bank stock is a compelling strategy for driving outsized returns, because Canadian banks have an uncanny ability to correct struggling elements. For Scotiabank’s international banking division, a bit of patience may be all that’s needed. + +Full disclosure: The author owns units in the BMO Equal Weight Banks Index ETF. + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-scotiabanks-share-price-is-lagging-its-peers-but-heres-why-its-worth-a/ +26 year old who just started investing this year. Working full time, approximately 50-60k/year after tax. 0 debt, currently do not have too many expenses. Looking at a long term horizon (>25-30 years). My current plan is to continue pumping $500 biweekly for as long as I can into my TFSA, and $350/month into my RRSP. Whatever is left on my monthly budget I will throw in as well. + +Being relatively young my risk tolerance is high as I won’t be needing this money anytime soon. Currently I’m investing fully into XEQT 100% equities. + +Firstly, I apologize if this is a stupid question! I’ve been learning about dividend investing and have been looking to incorporate it into my portfolio. + +Would it be feasible to pump 90% into XEQT, and have 10% on reliable dividends (eg TD, ENB, CNR)? Would allocating this amount of my portfolio into the dividends be enough to compound effectively over a longer time frame? Or would allocating more to dividends overall make more sense (e.g 80%/20, 70/30 etc) and be more effective? + +In this case, would it make more sense to just put everything into XEQT? Alternatively with my risk tolerance level and age incorporating 5-10% of my portfolio on growth stocks that have a higher risk? + +Again sorry if this isn’t a good question, just been reading about developing a dividend portfolio and wanted to make sure that this allocation would be a feasible strategy in the longterm. Thank you in advance! +So, I watched the documentary CitizenFour last night. It basically shows the first interviews between Snowden and the journalist Glenn Greenwald, as they start revealing information about the NSA spying. + +Whatever your personal opinions on this issue, I think there is an important point, related with FI, to take out from Snowden's story. + +If you go to the Wikipedia page about him, there is the following sentence: "He does not work for a Russian organization, yet is financially secure thanks to substantial savings from his years as a well-paid contractor (...)". + +Basically, because he had a substantial financial buffer, he could stand up to what he believed in and not be scared about not being able to survive. You don't need to apply this principle to an extreme case like his. But think about this: how many times do you shut your mouth at the office because you don't want to create tension/conflict/animosity between you and your coworkers? + +I usually have strong and "weird" views, that I feel it is my right to express and I hate that I am a bit scared of saying things because my work contract might not be renewed next year, in spite of doing a good job. I hate the "politics" and "acting" of having to maintain a job. + +Just felt like talking about it. + +NOTE: I feel like I have to say this before anyone says it: Yes, I do understand that we have the right to say whatever we say, but socially, our words have consequences. I fully understand that. I just think that by acting like everyone else, I am not being true to myself, so I would prefer to be a social outcast, than to be the nice guy that agrees with anything. +A lot of the posts I see seem to. E based around gaining financial independence for the purpose of early retirement, anyone just looking for FI for the comfort of never really worrying about money while continuing to work? What's your personal reason for pursuing financial independence? + +edit: Thanks for all the responses! I asked because I recently this year began to develop the desire for financial independence but always associated it with early retirement, which is not something that I am interested in. It is great to hear from similar minded people! Best of luck to everyone on their journey! +New people are always going to panic and sell, and then FOMO back in later. That's a given + +The amount of panic suggested by these posts when the market goes down 5% is worse than the actual dip. Please can we refrain from making don't panic posts until Bitcoin goes under 20k +My fiancé and I just invested our entire wedding fund into Bitcoin. Our families think we’re out of our minds but we’ll see who’s laughing after $1.9 trillion gets printed. +Fellow Apes, TBH I’m gonna keep this real short (yeah IKR), normally a lurker studying astrophysics and a cosmic pirate. I’m riding with you guys since January. +I bought way too early so my average is pretty low. +WSB to GME and now here, +I think now, this is the moment where we have seen it all. It’s always same, and yeah get ready for the worst. +But again I don’t give a flying fuck about these shills and their strategies, and you wouldn’t as well. + +It’s not fucking January anymore, you have checked all the DD’s, read shit ton of different opinions and posts so I think you have enough wrinkles to ride this change. +After all this time if someone paper hands we should not feel sorry for them (and trust me it wouldn’t even hurt us, as retails own way more than the actual float). +Again you need to understand this. + + $GME is not for everyone, the measure of intelligence is the ability to change. You don't learn from smart people, you learn from idiots. A clever person solves a problem. A wise person avoids it. +So be wise. Watch what they do, and then don't do it, its a test and it’s only for the people who actually gets it (sorry to break it to you, YES you live in a 3 Dimension simulation). + +You need to understand these small points. + +1. They didn’t cover and they have to buy it back. + +2. Retails own the float. + +4. If you hold enough it’s a never ending infinity loop. + +3. You should only give fuck about 2 guys (RC and DFV) and cherry on the top is crazy amazing company (I don’t even have GameStop in the UK but I like the stock) + +4. Do not trust anyone (not even me), follow your research and DD. + +5. And most important “FOLLOW THE MATH”. Trust me it works every time. Even if we are a multi planetary species one thing will always remain same, that’s math. + + +Remember we are all gamers, we love playing games for hours and hey congratulation, you are in one, in the game there will be always the main characters and extras, be the character who actually has a story to tell. +as I said before we can’t help everyone, but everyone can help someone. Kindness begins with the understanding that we all struggle. So be kind and nice to others. We don’t see things the way they are. We see them the way we are. +Love you guys. + +*Im too high, I might delete this later as I don’t want any online fingerprint for the future AI and “yes I’m building one and yeah I believe in Roko’s Basilisk too” (if you don’t know what’s that Please do not google that) + +Ohh I forgot to use the emojis. +To the moon lads 🚀🚀🚀🚀🚀🚀🚀🚀🌝🌝🌝🌝🌝🌝🌝 + +Edit - Typo + + +Thanks for the awards, I will drink to that.🤙🏼 +I just checked my credit report because my husband and I are talking about buying a house. When I checked my score it was down around 35 points. I checked further and found that there were 2 medical bills from over 2.5 years ago that had gone to collections. + +The weird part is I have no memory or record of those medical bills. I had one bill from that hospital and I paid it. I have been called by the collection company before, but I honestly blew it off because I always pay my bills on time and I thought it was a scam. The collection company never sent me any written notice of debt and I don't think I received any bills from this hospital for these amounts. Also the bills are from dates I was not at the hospital and for nice round amounts, which rarely happens with medical bills in my experience. + +I am not sure what to do. I have looked online and on the wiki, but I am still so confused. Because the debt is so old, I don't know what rights I have or if I can dispute it. I really want to get the mark off my credit reports so that I can get the best mortgage rates. + +My credit scores are still above 775, but I know an unpaid debt looks bad. The bills are for under $500 total and I can afford to pay them, but I don't want to pay debt that I honestly don't think is mine. Help me please! + +Update: I called the hospital and found out that the bills are valid. However, something went wrong with the automatic mailing system and it cut off my apartment number. So unsurprisingly I never got the bills and they kept being sent back. After enough time passed, they sent the bills to collections. + +I had no idea that I was going to get 3 bills from 1 ER visit, so I was clueless that anything had gone wrong. + +The good part is that the woman I spoke to in Billings looked into it, found the mistake was on the hospital, and sent an inquiry to see if they can take the debt back and get it off the credit report. Sadly I do owe $450, but it's a small price to pay to clear this all up. + +Thanks for all the advice! +Shorting serves one primary purpose! The DTCC never did anything to prevent artifical manufacturing of property. This is why there are so many PRIVATE corporations servicing wall st. Once we piece together this complex web of "property management" we can easily derive the threat to wall st. that NFTs pose. All that is needed is a network to negotiate contracts! And THAT is why we should rxpect the panacea of lies & deceit from analysts, banks, MSM and on & on. Imagine if you will a deed, no longer held by your county, of a property you own. Immutable in every way, free of the tangled web of controls to ensure its authenticity! You have uprooted the fees associated with purchasing land. No longer do you need banks moreso these mortgage agents, it is all right there embedded within an NFT. + + +Are there risks? No more than what exists today, but at a significant fraction of cost than current. I'd argue the risks are significantly limited by the network in which contracts are handled. Even then contigencies can and will evolve naturally. An NFT is much, much more than "art"! + + +Don't be fooled by the onslaught coming from MSM & the likes. They WILL shit the bed if they are about to lose control & NFTs can & will destroy, perhaps not fully, but significantly impact banking, wall st., real estate, ownership at large. The WEF is no fool either... these are sophisticated fucks! The see the threat NFTs posit. It means there is no longer control by a select, distinguished few & it is revolutionary!!!! It means that not only are you a sole proprietor (which they really fear) but you also control the value established in your ownership. That is by definition, a free market! Free from control & manipulation! + + +If the argument is that it can become manipulated, look at the fucking system we have today!!!!! Liens can still be issued EVEN if you have FULL and COMPLETE ownership! The select few are petrified that we can think for ourselves and negiotiate for ourselves without the need for "big brother". They are rich because they believe we are naive! + + +NFTs will up-end central planning! If the movement of gamestop is a renaissance of individuality using the vehicles of NFTs utilizing the backbone of technology - then I will continue to buy because this type of transformation is unprecendented!!!! + + +I WILL buy using what petty resources I possess in a revolution of individuality! Yes, power to the players has never been more true & for that I will buy & DRS because this is the only means available to eliminate the bastardization of property! + + +I fucking LOVE this company & I will buy hold hodl yarrrr reverse uno what i have to keep and share what is rightfully mine, which I have worked hard to earn. NFTs are not FUD and professor shillingsworth bettet come up with something really fucking clever than scare tactics. + + +DRS +Everyone here is all excited about the end of day order that went through at close and spiked the price. And it is cool someone bought that much GME. But GameStop wasn't the only ticker that had that same last minute and AH (after hours) spike. + +It was EVERY meme stock, not just the big four basket stocks, it was all kinds of tiny little memes too. + +&#x200B; + +https://preview.redd.it/9axpyluhbd6a1.jpg?width=620&format=pjpg&auto=webp&s=1c65bdc7382e233958723c7bac02e6f99ddff476 + +I'm not going to list them here, and more than just the 2021 stocks are included in this, I'm just letting you know that the entire internet meme section of the market, spiked up together. There's only one reason for this to happen across so many sectors and tickers that are only linked by internet memedom, and that's a smaller SHF or Family Office closing their shorts. Maybe because they blew up, and if they blew up, their positions mostly just fail upwards, like a kid who got into Yale as their safety school. But there's another possibility here that only exists because of how low the price is. Maybe they went long. + +Now here's where it becomes a real problem for the big shorts on GameStop - Citadel, Susquehanna, and Point72. Run by the financial criminals Ken Griffin, Jeff Yass and Steve Cohen respectively. See, these guys don't go in on stuff alone. There are a fair number of smaller funds and family offices that just mirror their trades. This is a mutually beneficial relationship - the big guys get more weight behind their plays without risking more capital, and the little guys get to jump in on "the sure things". But, this isn't all fun, shared rainbows, and glory. The big boys move first, and get the best entries and exits, while the little fellas are stuck with the leftovers, making the much less profitable second and third moves. + +But right now, when the price of GME and other memes gets beaten down too far, the entire dynamic flips, because the big funds literally cannot close their positions and survive, while the little guys? Not only can they close their positions, getting those juicy early exits and first cuts of meat, but they can make the big guys hold the bag, buying the shares Citadel, Susquehanna, and Point72 are selling short to close their own short positions. + +At $20, EVERY SINGLE SHORT opened after February of 2021 is profitable. That means if you're a small fund, not only can you get off the roller coaster, YOU CAN TURN A PROFIT DOING IT!!! And the best part is, the big players have to keep the price down for you while you close!!! Let me put it in meme form to make it clear. + +&#x200B; + +https://preview.redd.it/jjl9yzwvfd6a1.jpg?width=500&format=pjpg&auto=webp&s=4cd360482ec1f24e1643133f7df65c3836c6bec6 + +Look, this isn't how apes think, or what apes do, and these guys will 100% paperhand during MOASS, but this is EXACTLY how predatory SHF's think. The upside of them paperhanding during the early stages of MOASS is that it will actually fuel the rocket, because to sell a lent out share you first have to recall it, which means all the shorts on it get closed. Which means more forced buys. + +We've always known at the end these guys would turn on each other. This is very likely one of the ways in which they'll do it, and today might have marked the beginning of it. + +TA;DR: Sneks sell Ape many fake banana. Jackal also sell Ape many fake banana. Ape put banana in magic DRS, make fake banana real. Jackals buy fake banana from Sneks, turn into real banana, lend to Sneks. Sneks now owe both Ape AND Jackal banana. +I'm an expectant (rather unexpectedly) parent in my early thirties. Me and my partner have a general idea of what it cots to raise a baby but was wondering if anyone had a breakdown of what costs to expect through years 0 to 5. +Streamr (DATA) is one of the 4 block sponsor for consensus 2018 in may. They are on same sponsorship tier with likes of microsoft, accenture, nem, vechain, ripple, qtum etc. Their booth is right beside ripple. Nobody will spend so much for a huge pavilion unless they have something under their sleeve - seems like there are some major announcement. + +Within the last 3 months, they have hired comms head and community manager. Also, they have open sourced their codes. They are also transparent about their progress (trello chart). There are also hints of collaborations/partnerships in their transmission video. + +What we know is they have alot NDA at the moment and rolls-royce is one of their disclosed partner. Their team is pretty solid and seems to focus alot on setting the fundamental right. They are also featured in forbes, investopedia, bitcoiner, ethfinex, cryproslates. + +Looking at above, it seems like they are gearing up for a huge annoucement in May. + + +I'm so close to 1.0 ETH but decided I probably shouldn't take money out of my life savings (am I crazy... Maybe but also worked really hard to reach my "life savings" of a measly 2,000). At .61 ETH I feel okay, like I could maybe DCA my way to 1.0 but I really reeeeeally would hate to miss it. Not to mention, people are whispering of an alleged dip? And I'm expected to put money in "now before it reaches 10k and you're left behind"??? Sheesh. + +I'm having anxiety attacks, checking my phone every 10 minutes for the next new ATH. How in the heck do some of you guys manage it? Can somebody give me some reassurance.... I'm sweating. I can only get a paycheck so quickly.... + +Edit: Thank you all for the comments, seriously making me tear up from relief. This is a lot less pressure for me now. Thank you again. +http://imgur.com/a/QSYiC + +Insane, 100m goal to raise (+/- 15m). And It looks like they only have 2 coders. Sure the CEO is hot but what experience does she have probably not much. To me its just filled with buzzwords...and when they wont even give you the GITHUB links of the programmers you KNOW something is wrong + +Edit: +Just saw this reached front page as sticky, here are my current thoughts + + - It is sad that they are downvoting this, shows you they are hiding something + - I have tried a few times to ask them about the programmers etc, they told me they had 5, but refused to name them/ link githubs + - How will this coin bring value? I cant really think of the answer to that + - When I asked about other programmers a few times later they responded "We can't disclose all our team members list." http://imgur.com/a/eEGpn + - There was a post here about them changing token amounts distributed, you can see here they left it commented in the html. It looks like they were about to publish their website with another team member "David L. Nathan MD", who was Cum Laude from Princenton (see picture). Perhaps a reddit detective could find out why he left the team? http://imgur.com/a/a3kUn + - Be sure to take a second look at the 'CEO' -> https://www.youtube.com/watch?v=yxZ1TBzv_SM + +Hey Redditors, Just wanted to give you a quick update on Tron since my last TRX ICO Review: The Next Big Thing on Ethertrader. + +Tron has hit Top 50 in Market Cap. Roughly 2x ICO Price as we speak. There is no doubt that Tron suffered delays and setbacks during the Chinese FUD & Hcash Scandal, but everything is on track now. The development process has been steady. A project of this scale, cannot be rushed and I believe that everything needs to be done right the first time. + +As some of you may know, Justin Sun, the CEO of Tron will be announcing the core development team after the Chinese National Holiday. According to my sources and what I've seen. The developers are of Belarus origin and are a bunch of heavy weights who are the best in the industry, it will blow everything out of the water. There is no comparison. They will also be led by former veterans from Alibaba, Tencent and Baidu. They have many innovative ideas in-mind and I have full confidence that the mainnet could be launched by mid-next year. + +In-addition, Justin Sun also has some hotshot developers lined up onto the Tron Platform. All I can say that these applications that will be on Tron platform will be able to increase the user base of Tron. Perhaps, conservatively 25 Million active users by next year. Currently, Tron's mother company, Peiwo APP, as roughly 10 Million Active users on it's platform. + +For now, I will keep you all posted. Here are some of the use case applications that I have written about Tron. + +Use Case: https://www.reddit.com/r/Tronix/comments/70seb0/the_future_of_tron_use_cases/ + +ICO Analysis: +https://www.reddit.com/r/Tronix/comments/6xjrw0/tron_trx_the_next_big_thing/ + +It's not too late to catch the train. Now would be a great time to buy Tron 2x ICO Price. + + + + +For those that know me well on this site, I just want to say thank you for the wonderful debates. + +As many of you know, I have never talked about my personal life, my accomplishments, my educational background, my family, or my career. I didn't bring these things up because I never wanted to let my background take any place in pure debating, which is what I love. + +Seeing as how this is my final post, I thought I would let you all in on a little secret on who I am and why I am on Reddit. + +I have just completed my Phd in business administration, and I was awaiting replies from universities that I applied to regarding teaching positions. + +I just found out today that I got a position as an assistant professor at a university in mainland China, who are looking for an english speaking professor to teach business. I got it out of 5 other candidates, and I am really excited about this opportunity. + +To those that didn't like what I said, thank you anyway, because you helped me develop my skills in debating. + +To those that did like what I said, thank you more, because at times it got difficult to get what I had to say across. + +Bye bye Reddit, thanks for the memories, and for God's sake, keep educating yourself. +#What is the Texas Sharpahooter fallacy? + +https://en.m.wikipedia.org/wiki/Texas_sharpshooter_fallacy + +> The Texas sharpshooter fallacy is an informal fallacy which is committed when differences in data are ignored, but similarities are overemphasized. From this reasoning, a false conclusion is inferred. + + + +> The name comes from a joke about a Texan who fires some gunshots at the side of a barn, then paints a target centered on the tightest cluster of hits and claims to be a sharpshooter. + +#What does this have to do with GME? + +Humans have a nasty tendency of only remembering when their bias is confirmed and not when it is denied. + +While it's absolutely likely Ryan Cohen and DFV were/are tweeting cryptic messages either to be cheeky or to directly communicate with us, it's a different matter to determine we're accurately interpreting them. + +#Example - ice cream + +[The ice cream cone tweet](https://gmedd.com/tw/ryan-cohen-breaks-silence-tweets-ice-cream-cone/) is a perfect example. It has a frog emoji. It features an image of a McDonald's ice cream cone. It was posted the day the [CFO was fired](https://news.gamestop.com/news-releases/news-release-details/gamestop-corp-chief-financial-officer-resigns). The image is featured on an article about [tracking broken McDonald's ice cream machines](https://www.businessinsider.com/mcdonalds-near-you-with-working-ice-cream-machine-mcbroken-website-2020-10). + +So what does it mean? Does it refer to how Chewy's first board meeting was Ryan taking the board to have ice cream at McDonald's? Does it refer to the "ice cream machine" finally being fixed when the CFO was kicked out? What does the frog mean? Wait is he talking about the MACD crossing over? If he's referring to the board meeting with Chewy, is he hinting he's gonna be made chairman of the board? + +As you can see, speculation can run wild here, and when one hit is found next to another, the bullseye starts being drawn around them. + +Notice how we can weave a full narrative around both the CFO and the chairman appointment. We have no way of knowing if either is right. We must be careful of avoiding the sharpshooter fallacy in everything we do. + +You can draw a bullseye around any cluster of hits from interpretations of the tweet and point at it as having cracked it. + +Heck, they could both be right. Or it could be something else. Surely the frog ties into it somehow? + +#What do? + +Be mindful. Sometimes the patterns *are* there. But be skeptical and use critical thinking. + +Literally everything can be roped into being proof for anything if you try hard enough. Triangles = Illuminati and all that jazz. + +Be careful of thinking everything is related to GME. Is A Movie Company an attempt to distract, or a real recovery play that might have a regular short squeeze soon? I don't know. Is Glacier a shell company meant to be used in a fake squeeze FUD play? I don't know. Are paid shills messaging our users, or are they just bored trolls? I don't know. + +Stick to definitive evidence of fuckery: + +* MarketWatch predicting the March 10th flash crash before the price actually fell. +* The lies in the congressional hearings. +* DFV doubling down twice. +* GameStop directly warning of a short squeeze in corporate filings. +* FUD being far more common where we don't have moderation to swat down obvious shill accounts. +* The sudden rapid-fire rule changes that would directly influence how the MOASS evolves. +* Media FUD always portraying GameStop in a negative light, and making green days look like red days. +* The constant "glitches" in various systems specifically with GameStop. +* Shitty journalism with obvious inaccuracies that no financial reporter would ever make. +* WSB pumping out P&D stocks with the "the next GameStop" media marketing +* And many many more + +#💎🙌 +Just like the headline says…would love to hear what apes think the next big business related event will be for GameStop. I say “business related” to include buybacks or other share related events. + +I feel like the split dividend getting Fuk’d with by the DTCC screwed the share price and now all apes are on auto pilot for DRSing shares, which I’m totally doing, but wasn’t sure what the speculation was around RC dropping another bomb that no one expects….I mean they are always planning something, want to hear what apes are thinking / hoping for. +**1. Core Concepts Explained** + +**2. Reverse Repo in the Ideal World** + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +**4. Connection to GameStop** + +**5. Conclusion (TLDR)** + +**6. Further Reading** + +\--- + +*\[This DD serves as a brain-wrinkling bridge between* [*reverse repo news*](https://fred.stlouisfed.org/series/RRPONTSYD) *and* [*God-tier DDs*](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)*.\]* + +*\[This is my first DD. Correct me if I’m wrong in any way.\]* + +*\[No financial advice is intended. I’m a retard.\]* + +*\[I sincerely thank* [*u/plants69*](https://www.reddit.com/user/plants69/posts/) *for reviewing this DD.\]* + +**1. Core Concepts Explained** + +1.1 A repurchase (or repo) is an agreement in which an institution agrees to sell collateral to the Federal Reserve (hereinafter "Fed") for some time, and then trade back. + +1.2 A reverse repurchase (or reverse repo) is an agreement in which an institution agrees to buy collateral from the Fed for some time, and then trade back. + +1.3 Quantitative easing (QE) is the purchase of long-term securities to increase the money supply. + +1.4 Rehypothecation is re-using collateral from one lending transaction to finance additional loans. + +1.5 Liquidity refers to how fast an entity can convert its assets into cash. + +1.6 A liquidity crisis happens when liquidity is urgently needed, but there is a lack thereof. + +**2. Reverse Repo in the Ideal World** + +2.1 In a reverse repo agreement, the institution agrees to lend the Fed money. The Fed agrees to lend the institution the collateral (usually in the form of treasury bonds). Upon the specified time, the institution gives back the collateral, and the Fed gives back the money. Extra money (i.e. an interest) is usually given by the Fed when it buys back the collateral. + +2.2 After a reverse repo agreement is made and before the specified swap time, the money supplied to the market is reduced. This is because the money that the institution originally has (i.e. the money used to lend the Fed money) is recorded as a liability in the Fed’s balance sheet, and during that period, the liability is temporarily deleted by the institution lending the Fed money. Besides, the collateral moves from the Fed’s asset to the institution’s liability. + +2.3 Therefore, ideally, the reverse repo is a good tool to offset the extra money supplied following QE. + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +3.1 If the ideal things (as described in **Section 2.**) indeed happen, then the following statement [from the NY Fed](https://www.newyorkfed.org/markets/rrp_faq) will **not** make sense: + +*“When the Desk conducts RRP open market operations, it sells securities held in the System Open Market Account (SOMA) to eligible RRP counterparties, with an agreement to buy the assets back on the RRP’s specified maturity date. This leaves the SOMA portfolio the same size, as securities sold temporarily under repurchase agreements continue to be shown as assets held by the SOMA… but the transaction shifts some of the liabilities on the Federal Reserve’s balance sheet from deposits held by depository institutions (also known as bank reserves) to reverse repos while the trade is outstanding.”* + +Ok, ape translation: + +*“After a reverse repo agreement is made and before the specified swap time, the collateral does* ***NOT*** *move from the Fed’s asset to the institution’s liability. This leaves the Fed’s assets the same size. The liabilities, which are supposed to get deleted, also don’t get deleted, as they’re moved from one liability account to another liability account. In this way, the Fed’s liabilities also remain the same size.”* + +3.2 OK, what the fuck? + +If you sold a piece of gold to cancel a debt, your asset shrinks because you no longer have that gold. Your liability also shrinks because the debt is cancelled. Your balance sheet is supposed to shrink. + +But the NY Fed says the exact opposite, and this statement directly contradicts what is supposed to happen, as described in **Section 2.2**. + +3.3 In other words, the Fed’s balance sheet, that is supposed to change, does not change, and the money supplied, that is supposed to be reduced, is not reduced. + +3.4 The only thing that changes is **the institution’s ability to profit off the newly obtained collaterals**, e.g. by short-selling the collaterals in hope that their prices will go down in the future. + +If this happens, it is in the institution’s interest to drive the collaterals’ prices down, e.g. through selling off treasury bonds. + +3.5 It is also in the Fed’s best interest to drive the collaterals’ prices down, as it needs the institution to be able to return the collaterals upon the specified time. This is to maintain the Fed’s contractual integrity, i.e. to keep the music playing. The Fed can drive the collaterals’ prices down by, for example, again, selling off the collaterals. + +3.6 So, this is how the Fed-institution fuckeries happen: + +3.6.1 The Fed lends collateral to Institution A through a reverse repo. Before this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **up**, and they do so, e.g. through buying up treasury bonds. + +3.6.2 Institution A short-sells the collateral to Institution B. Once this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **down**, and they do so, e.g. through selling off treasury bonds. Institution B can profit from the short interest. + +3.6.3 In this way, the Fed’s, Institution A’s and Institution B’s interests are tied together. **The regulator and the regulated have become one.** + +3.6.4 During the fuckeries, as the Fed’s balance sheet does not change, it can rehypothecate the collaterals out of thin air, i.e. lend the collaterals, which have already been lent under a reverse repo agreement, under another reverse repo agreement. + +**4. Connection to GameStop** + +4.1 Now, shorties need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/)). As such, the Fed and shorties start playing the fuckeries as described in **Section 3.6** (through intermediary banks, see Figure 3 (on pg. 14) of [this paper](https://economic-research.bnpparibas.com/Views/DisplayPublication.aspx?type=document&IdPdf=25852).). + +4.1.1 They start by buying treasury bonds, driving the collaterals’ prices up. + +4.1.2 However, the GME short position is a black hole. Every day that we remain retarded and HODL, the fuckeries happen. + +4.1.3 Now, the Fed and institutions are selling off treasury bonds, driving their prices down. \[Enter [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/), [The Flurry of Rules Before the Storm](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) and other God-tier DDs.**\]** + +4.2 This also leads to the Fed favoring contractionary policies, as confirmed or speculated by multiple sources \[[1](https://www.cnbc.com/2021/06/07/the-fed-is-in-the-early-stages-of-a-campaign-to-prepare-markets-for-tapering-its-asset-purchases.html)\] \[[2](https://realtybiznews.com/expect-an-interest-rate-hike-after-todays-federal-reserve-inflation-data/98762889/)\] \[[3](https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127)\], **completely driven by the shorties’ need for extra liquidity** (instead of market conditions). + +For the absolute smooth brains, here’s how raising the bank’s interest rates can drive the bond prices down: + +4.2.1 Most bonds pay a fixed interest rate (this is the bonds’ interest rate). + +4.2.2 When the bank’s interest rates rise, the bonds’ interest rate becomes less attractive. Less people want bonds, declining their prices. + +4.2.3 Conversely, when the bank’s interest rates fall, the bonds’ interest rate becomes more attractive. More people want bonds, increasing their prices. + +4.3 As a result, there is less money supplied to the market, but the market demand for money remains constant. In other words, a liquidity crisis happens. + +4.4 What happens during a nationwide / global liquidity crisis? According to [Investopedia](https://www.investopedia.com/terms/l/liquidity-crisis.asp)... + +*“For the economy as a whole, a liquidity crisis means that the two main sources of liquidity in the economy — banks loans and the commercial paper market — become suddenly scarce. Banks reduce the number of loans they make or stop making loans altogether.”* + +*“A negative shock to economic expectations might drive the deposit holders with a bank or banks to make sudden, large withdrawals, if not their entire accounts. This may be due to concerns about the stability of the specific institution or broader economic influences. The account holder may see a need to have cash in hand immediately, perhaps if widespread economic declines are feared. Such activity can leave banks deficient in cash and unable to cover all registered accounts.”* + +In other words, the nation / world will be **seriously fucked.** + +**5. Conclusion (TLDR)** + +**5.1 In short, the Fed is our endgame boss now. We’re past the hedgies stage.** + +5.2 The Fed has abused our trust, aligned its interest with the institutions (which it is supposed to regulate), and by doing so, created a systemic risk. + +5.3 Combined with the unresolved predatory shorting, it is almost as if **the whole system preys on its own failure**. To put it bluntly, **the Fed-Institution monster is parasitizing our economy**. + +5.4 As we deal a heavy blow (probably a final one) to this blood-sucking monster, the systemic economic damage is [starting to manifest itself in people's daily lives](https://www.youtube.com/watch?v=5dfeLQcDhco) \[here's another [source](https://www.youtube.com/watch?v=kBJVU1RyxfQ) if you don't like China-funded media\]. This is like a person finally [coughing blood after severe gastrointestinal bleeding caused by worms](https://www.emedicinehealth.com/gastrointestinal_bleeding/article_em.htm). Our global economy, just like the person, needs emergency care **right now**. + +5.5 We need to remove the parasites in our economy. It will be **extremely painful**, but it is **absolutely necessary**. + +5.6 And we do that by **BUYING, HODLING and BUCKLING UP**. + +Diamond fucking hands y’all. + +**6. Further Reading** + +[**New Repo Market Warning Sign Proves System Is Rigged!! - YouTube**](https://www.youtube.com/watch?v=vqxNTRtEvXg) + +[**The Imminent Liquidity Crisis & Reverse Repos Usage - Smooth Brain Edition : Superstonk (reddit.com)**](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/) + +[**The EVERYTHING Short : GME (reddit.com)**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +\--- + +Edit 1: Remove references to corporate bonds as they're not available under Fed's reverse repo agreements. + +Edit 2: Clarified Fed = Federal Reserve. + +Edit 3: Regarding Section 4.1, clarified hedgies work through intermediary banks. + +Edit 4: Changed the reverse repo link to [this one](https://fred.stlouisfed.org/series/RRPONTSYD) for more dramatic effect. + +Edit 5: Regarding Section 4.1, changed "need liquidity to pay off enormous GME's short interest" to "need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/))". + +Edit 6: Fixed typo. + +Edit 7: Provided another source for Section 5.4. +Hey Fatties! I’ve locked this post so only verified members can reply. + +I have a hunch that most replies will be “boring” in nature (and that’s okay) but I’m curious: + +What investments are you making and/or excited about right now? What have you changed since rates were ~free? + +On my end: We are running our business a little leaner and more profitable than normal (investing less ahead of growth) to add more to our cash reserves. Outside of the business, I’ve been doing larger monthly buys of the index ($VTI) on the ride down. I think I’ll be “fully invested” in about 6 months at current deployment pace if I don’t take cash out of the business to deploy that as well. +Hello, + +I recently found a good, possibly profitable strategy to trade using heikin ashi candles. I am meant to open a position after a strong bullish/bearish candle at the open of next candle. However the open of the heikin ashi candle is very different from the actual price at open. How do you deal with that? + +Thanks +If risk management and emotions are in check, can a simple strategy using a few indicators really be as profitable as someone with 4 screens and a bunch of different charts? + +If so, could you recommend some solid and simple strategies that you recommend I research and learn more about? Thanks. +How big was your account size before you were able to do this full time? And what $ amount did you aim for per day? I’m growing my account right now to a point where I can quit my full time job and go full time but I wonder what others account size was before they felt comfortable to go full time with this. +During the last trading halt the order book showed limit sell orders at $420, $6969, and the computershare limit sell limit of $214k. + +The price jumped that high in a second. Which shows the price can go much much higher than that. Much higher than any broker is going to let you set a limit order for right now. + +So wait until MOASS has started and you are ready to sell and then set your limit orders at the prices you actually want to sell at if you ever are going to. + +Limit orders mean that the sale will not go for less than $214k(or whatever you set the price at). But if the price is at $10 mil a share the order will instantly fill like a market order for $10 mil even if your limit sell amount is less than that. + +So absolutely use limit orders as market orders can be unsafe. But set the limit orders when you are ready to sell. Not right now. + +And remember to BE GREEDY. Do you think for a second that if the roles were reversed Kenny boy would let us off the hook for $214k a share? Absolutely not. He would hold until the price was in the millions, if not the tens of millions. + +This will never happen again. EVER. So make sure you take full advantage of this and wait to sell until each share is a phone number with country code. + +Don't let the single shareholders end up still being wage slaves after this. + +The only way we can mess this up is by selling too soon or for too little. + + +The above may seem like financial advice. It is not. I'm an idiot and this is just what typed out when my dog was chewing on my phone. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I continue to be incredibly excited by the action we're seeing in recent weeks. +Apes are booking more and more shares, drawing liquidity out of the DTCC's hands. +The shorts continue to attack the price, even as borrow rates appear to be rising sharply. +Nevertheless, the price is resisting their attacks. +I long ago passed the need to purchase additional shares, but I've loaded up on this week's dip. +As we approach the two-year anniversary of The Sneeze, I see the pressure dialing up on the shorts. +We are in for some fireworks! + +Today is Thursday, December 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$20.77 / 19,53 €** *(volume: 1989)* +- 🟥 115 minutes in: $20.85 / 19,61 € *(volume: 1342)* +- 🟩 110 minutes in: $20.86 / 19,61 € *(volume: 1342)* +- 🟩 105 minutes in: $20.85 / 19,60 € *(volume: 1292)* +- 🟩 100 minutes in: $20.76 / 19,52 € *(volume: 1198)* +- ⬜ 95 minutes in: $20.63 / 19,40 € *(volume: 715)* +- ⬜ 90 minutes in: $20.63 / 19,40 € *(volume: 714)* +- ⬜ 85 minutes in: $20.63 / 19,40 € *(volume: 663)* +- 🟩 80 minutes in: $20.63 / 19,40 € *(volume: 663)* +- 🟥 75 minutes in: $20.63 / 19,39 € *(volume: 656)* +- ⬜ 70 minutes in: $20.63 / 19,40 € *(volume: 580)* +- 🟩 65 minutes in: $20.63 / 19,40 € *(volume: 458)* +- 🟥 60 minutes in: $20.59 / 19,36 € *(volume: 458)* +- 🟥 55 minutes in: $20.59 / 19,36 € *(volume: 458)* +- 🟩 50 minutes in: $20.59 / 19,36 € *(volume: 358)* +- 🟥 45 minutes in: $20.59 / 19,36 € *(volume: 348)* +- 🟩 40 minutes in: $20.59 / 19,36 € *(volume: 277)* +- 🟥 35 minutes in: $20.59 / 19,36 € *(volume: 262)* +- 🟥 30 minutes in: $20.59 / 19,36 € *(volume: 262)* +- 🟥 25 minutes in: $20.60 / 19,36 € *(volume: 87)* +- 🟩 20 minutes in: $20.60 / 19,37 € *(volume: 32)* +- 🟩 15 minutes in: $20.59 / 19,36 € *(volume: 32)* +- 🟩 10 minutes in: $20.58 / 19,35 € *(volume: 32)* +- 🟩 US close price: $20.56 / 19,33 € *($20.69 / 19,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0636. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Yahoo CEO Marissa Mayer is reportedly on a trip to meet investors and sell her future plan that would keep her on board — all the while cutting jobs as part of a downsizing effort. +Mayer has apparently taken a more "defensive stance" to the idea of selling Yahoo's core product, while pitching her grand plan to turn around Yahoo with her earlier mobile-focused initiatives. Convincing large shareholders of her original turnaround plan would let Mayer keep her job without having to deal with a proxy fight. + +At the same time, some sources told the Post that she's planning to lead the buyout process on her own, with the help of private-equity firms, reflecting a clear rift between Mayer and the rest of the board, which recently formed an independent committee to start the sales process. +It's all part of the big layoffs Yahoo announced earlier this month, which it said would represent 15% of its workforce, or roughly 1,600 jobs. The company said it would shut down some of its content verticals last week, while pulling the plug on its research center, Yahoo Labs. +http://nypost.com/2016/02/24/marissa-mayer-tries-pushing-yahoo-in-new-york/ +I started investing just around the bottom of the 2008-2009 market crash, and have been investing steadily ever since (until 03-2017). Now I'm thinking of cashing out. + +I know that trying to time the market is generally discouraged here, but if one feels a market dip is coming with 0-2 years, then why exactly not? + +I live in Denmark, by the way, and invest mostly in various mutual funds. I don't consider myself to be an investing expert in any sense of the word. I don't think I can perfectly time the bottoms or tops, of course, either. + +Basically, at what point is it justified to cash out? (and then wait to re-invest) +I am running my own built C# command line bot, trading via Kraken's API. + +The bot connects with the API on set intervals, does its magic and determines a trade strategy (buy, sell or stay in position). + +It works quite well, but I am always dependent on my laptop turned on and connected to the internet. Sometimes I want to take my laptop along on a trip and that means I have to stop the bot. Not ideal. I want it running 24/7, like it has been for the past 12 months. + +My plan was to get a dedicated desktop, have the software running there. But what if my home internet would go offline? Of a power-failure? + +Then I was thinking maybe I could move to a webbased bot? One that I build myself, not based on tools like Gecko or online bot services, I like to learn a new skill. But my experience is desktop .NET programming (C, C#, VB) and I have no idea how to get started on the web? I have a couple domain names, I have webhosting, access to CPU's etc. + +How do I build something that runs like my desktop based bot, but in a web-environment? What language should I look at? Is that Python? And how do I deploy something on a webserver? + +Looking forward to tips!! + +&#x200B; + +&#x200B; +Yesterday, I posted this and was downvoted into oblivion for suggesting we were in a bear market: +https://www.reddit.com/r/ethtrader/comments/7qrwl8/dont_kid_yourselves_this_is_a_bear_market_and_its/ + +About three weeks ago, I posted this, noting that BTC has seen the last of its all-time highs and was likely to retrace to $8,800 ... and this would set the whole market up for bearishness: +https://www.reddit.com/r/ethtrader/comments/7lxipm/btc_to_range_between_880015800/ + +Are we still refusing to call this a bear market? Or do we still foolishly hope this is the annual January Dip preceding Chinese New Year, even though Chinese New Year doesn't start for a whole month? + +I believe we're heading toward a long-term bear market. Anyone who invested in 2013 should be familiar with that. + +This is going to lead to a flight to quality. I think you should be looking to accumulate ETH and any dividend paying coins such as Kucoin, BNB, EDG etc. +I’m 14, and my dad just talked to me about the stock market. For Christmas, my parents were just going to give me money to buy the new iPhone, but my dad takes to me about putting that money into stock. He told me that over time, I would earn more money by buying shares of a company. I have a very basic understanding of how this whole thing works, but I need more advice. Any tips? What company do I buy shares in? How does this work? Is my dad right in thinking that instead of buying a new phone, I should buy shares? Any help is appreciated. Thanks. +Hey folks, + +I'm a 36 y/o newbie investor feeling guilty about not putting any money away for retirement, so I want to get started asap. I will be making regular payroll contributions to my questrade account. + +I have a stable career, and will have a defined benefit pension when I retire. + +I'm looking to invest long term, but I'm having a hard time assembling a portfolio. + +Is vgro the way to go? I read a couple of investment books, and they have suggested that I carry some bonds to protect my portfolio from market instability. + +Or am I better off with vfv or veqt for the next 10 years, and then introducing bonds as I'm in my 40's? + +&#x200B; + +Thank you +For [Couch Potato](https://canadiancouchpotato.com/) investors, attempting to time the market is sinful - but if you've got an automated ETF purchase happening at the same time each week, is there any gain to be made for setting that purchase to happen at a particular time? + +I was curious, so I did a little data-digging. Fair warning: the data I could gather was only for the past 60 days, so any conclusions are precarious at best. + +The first two graphs split the day into 15-minute buckets. For the first graph, the frequency on the left is the percentage of the time when the maximum value of the ETF for that day occurs in that time bucket. The second graph represents the frequency of the minimum value occurring in that time bucket. + +https://preview.redd.it/38ow7kvixr261.png?width=988&format=png&auto=webp&s=1f82b67a4303c8520a91b0fad275d21d751141c1 + +https://preview.redd.it/w8dqboyjxr261.png?width=985&format=png&auto=webp&s=d3d18f52c5cd58a838372e667403fd2c28fe0635 + +These next two graphs represent the same concept, but split by days of the week instead of time of day. 1 = Monday, 2 = Tuesday, etc. + +https://preview.redd.it/xtmcqavkxr261.png?width=973&format=png&auto=webp&s=3db5c2fb7e07e5354193e369fb234a01b3d05ae9 + +https://preview.redd.it/2qjo4hzlxr261.png?width=984&format=png&auto=webp&s=d997e3674c5f37775bfe500b788561c8780ebba8 + +So, a bit of a letdown here. Volatility is high at the open and close of the market each day, meaning that the prices are up to chance at that time. There is perhaps a marginal gain to be made by purchasing between 1 PM and 1:45 PM, and selling between 2 PM and 3 PM, but the data set is too small to say this with certainty. + +The evidence for investing or selling on a particular day of the week is similarly weak. Monday and Friday are the most volatile, and should be avoided. Thursday is perhaps a good day for buying, as troughs are more common than peaks. + +Perhaps more data will reveal some clearer trends, but in the meantime: does anyone know of a similar analysis that has been done elsewhere to optimize the timing of regular investments? + +[Source repository](https://github.com/alexanderhale/couchpotatotiming) +Hey folks, + +I'm a 36 y/o newbie investor feeling guilty about not putting any money away for retirement, so I want to get started asap. I will be making regular payroll contributions to my questrade account. + +I have a stable career, and will have a defined benefit pension when I retire. + +I'm looking to invest long term, but I'm having a hard time assembling a portfolio. + +Is vgro the way to go? I read a couple of investment books, and they have suggested that I carry some bonds to protect my portfolio from market instability. + +Or am I better off with vfv or veqt for the next 10 years, and then introducing bonds as I'm in my 40's? + +&#x200B; + +Thank you +For those unfamiliar Schiller P/E ratio, but it's essentially inflation-adjusted the P/E ratio for all the companies in the S&P 500 for the past 10 years. Essentially it's a proxy for the overall P/E ratio for the US stock market as a whole. + +In the long term this ratio gravitates towards 15, in line with the old maxim that in the long term stocks should generally sell for 15x earnings. + +Right now, the ratio is at 36, which is the second highest it's been at for any sustained period ever (the data goes back 150 years). The only time it's been higher was just before the .com bubble burst in 1999, when it reached 44. Before that, the highest it had gone to was right before the stock market crash in 1929, when it reached 30. + +Handy chart here: https://www.multpl.com/shiller-pe + +My question is basically whether, in light of this, we're due for a crash (or correction). + +People may say the ratio is outdated, etc. and it's stupid to make predictions like this based on one chart, but its hard to get away from the fact that this one chart reflects the basic laws of financial gravity. The price of stocks has to bear some relationship to their earnings. + +A P/E of 36 implies a company's earnings provide a 2.7% annual inflation-adjusted return, which is pretty damn low. With interest rates being where they are maybe a lot of investors have no choice but to keep their money in stocks right now, but as bond interest rates rise, especially if central banks increase rates based on recent inflation fears, a lot of investors are going to see better returns with better risk/reward profiles from interest-bearing assets like bonds, meaning a lot of money is going to leave the stock market and go towards those assets. + +To put it another way, if there was a business that had made an average of $27k in profits (after inflation) per year for the past 10 years, would you pay $1 Million for it today? Probably not, right? You could probably do better putting that money in the bank and earning interest on it (maybe not at today's interest rates), and it would be safer to boot. Nonetheless, buying the business with $27k in profits for $1 million is basically what the market is doing right now. + +Basically, it looks like stocks are very, very overvalued right now, and what goes up must ultimately come down. We don't know when, and we don't know how fast, but the comedown itself seems like it has to happen. The only alternative is stocks selling for at an implied valuation way above their historical norm, and that makes little logical sense, indefinitely. + +Just curious for you guys thoughts on this. +I am beginning research into the world of investment and I would like to invest in funds with medium risk tolerance (I am 32). As I understand, more stocks/bonds ratio could yield higher returns but has higher risk tolerance. There was a post here about a guy being happy with a particular fund (I think XGRO) and how that has given him peace of mind over trading stocks. I would love to know your opinions about the same. +Hi there, so I'll keep this pretty brief, I wrote off my car last month after hitting wildlife. I still had around 11 months remaining on this policy which insurance will "consume" as it's non-transferable. On the phone last night they also said that I will not be able to cash in my 11 months of Rego - this part certainly doesn't seem right? The value is around $750-800 + +PS my plates are up in SA where the crash occurred, whilst I'm in Melbourne +They put an Ad on realestate/domain. But sometimes they don't tell the price range so you don't know the if your budget fits. Sometimes no floor plan so you don't know how much light you can get. Most of the cases they don't let you know the strata. + +Why would they do this? Don't they want to save both parties troubles of phone calls/meaningless inspections? +For people who FatFIREd already, what percentage of your networth was your salary in the year before retiring? + +&#x200B; + +Edit: And what was your withdrawal strategy? +Crypto has literally changed my life for the better. Thank you for letting me be a part of it. + +Rewind a year(ish). I live paycheck to paycheck and have no idea where all my money goes. I have literally $5 in a savings account, and the day before payday my bank account has <$200 in it. I have never had more than $2000 in my bank at any given time. I have tried doing all different kinds of budgeting techniques but I either get bored of it or the math doesn't add up and I still end up broke. + +6 months ago I dive into Cryptocurrency as a hobby, literally just something to do. I start putting more and more money into it. 50 bucks here 50 bucks there. I start to value my crypto more than I value my dollars. I literally pinch pennies to be able to deposit a couple more dollars each day. I start challenging myself, "Hey, if I pack a lunch instead of eating out I can deposit $7 today." Little mind games I played on myself and my portfolio started to grow. + +Three months ago I was able to withdraw about half my portfolio, $5,000, and pay off a 3 year old credit card debt. No way in hell I would have been able to due that with traditional savings or making payments. Today I have $13,000 in my portfolio. I still have less than $200 in my bank account at any given time because all my spare money goes to crypto, but it's better there than in my bank well, because I value it more than I value the money if it were in my bank. I decided to tally up all my deposits I have made in the last 6 months. It came out to be about $4500. Even if my portfolio made 0% or even lost some, I would still have more saved up than I could have possibly done without crypto. + +So, again, thank you to the crypto community, thank you for all of your help, thanks for the shillings (thank you antshares, btc, and nuls), thank you for quite literally changing my life. I don't have to worry about having a random car emergency and not being able to pay it anymore, I don't have to worry about not having groceries. I don't fight with my wife about money anymore. (I firmly believe crypto even saved my marriage.) I was struggling with depression because I wasn't a part of anything, I was going nowhere. Now I have my place. I feel like I am part of an alliance of people who are going to change the world. All because of crypto and the crypto community. + +tl;dr- Investing in Cryptocurrency made me less reckless with money and saved my life. +My sister is a single mom to an autistic child who lives in a trailer in Wisconsin. Her roof is leaking badly due to rain and she has no money to fix it. I don’t know how to help her. Right now it’s a 14x74 tin metal flat roof, but my friend who works in roofing is saying most places would want to replace it with steel ($5-6k) or shingles ($3-4K). I’m at a loss. She doesn’t apply for emergency housing because her house is too old (1975). I told her to set up a gofundme but she refused because people tend to be nasty on there. + +EDIT: I’m asking for ideas on how to help. Right now she’s got a guy friend trying to help with tarps and the suggestions below. I’m not asking for anything but ideas or suggestions on how to help. Thanks! +I’m trying to figure out how I will manage these increases, how will you manage these food increases as well as energy increases? What about those of you who have children? +This pay cut comes at a time where billionaires' wealth increased by 2.1 Trillion dollars during the pandemic and politicians received millions of dollars in lobbying. Moreover, banks are also screwing you off. If you've deposited any amount of money for an interest rate lower than 5.4%, you are actually paying banks to keep your money and lend it to others for a higher interest rate. Crypto offers double digit interest rates, while banks will give u the bare minimum of 0.1%. + +And no matter how much they'll try to convince you that inflation is "transitory", it isn't. The US for example, in the last 60 years has only had one inflationary year (-0.36%). That too in 2009 when the average person had to suffer the most. Inflation is out of control, and Crypto is the only way out. +With vaccine sales probably waining by years end (making up 45% of revenue for 2021). Think their dividend yield will still hang around 3% and worth maintaining vs other options in big pharma? + +https://twitter.com/c___f___b/status/956445618381246464 + +Interesting Twitter thread I came across in regards to the IOTA FUD. MIT findings in regards to the IOTA 'vulnerability' are debunked! MIT claimed that they were able to demonstrate how an attacker could forge a user's digital signature and use it to steal funds but this is simply not so as Forbes article was click-bait from the start. + +Life time subscription to NFT drops and items, a usable model in a Metaverse environment ready to go. The Cyber Crew clone and clone card are going to be remembered as the ones that did it first and did it well. The price of these is already shooting upwards and in the coming weeks, I feel its going to be in the 1000's of $$$. If Bored Apes can be worth nearly 100 Eth, these are definitely worth alot more. + +Congrats to those that managed to snag one of these, unfortunately I ended up buying a cyber bike and cant afford the prices now. The bike is also a great buy but no way as good as the 2 clone NFTs which will open the door for self owned characters and items. +Some of the stocks around 50 and less , back in Jan 2020, which are at good positions by Dec 2020. + +|Stock|Jan 2020|Jan 2021| +|:-|:-|:-| +|ICLN|\~ 12 $|\~ 28 $| +|ARKK|\~ 50 $|\~ 125 $| +|ARKG|\~35 $|\~ 94 $| +|CRISPR|\~ 55 $|\~ 155 $| +|PTON|\~ 25 $ (in feb)|\~ 150 $| +|BEAM|\~ 25 $ (in feb)|\~ 81 $| +|ENPH|\~ 30 $|\~ 175 $| +|PLUG|\~ 4 $|\~ 33 $| + +&#x200B; + +What do you think are the next 8 stocks which are below 50 $ now which you think have the potential impact of something like the level of the above mentioned. + +Will check in the year end again to reflect on the mentions. + + +**EDIT :** + + +* Would want to know thoughts on EV Charging companies (other than the obvio. one). +* & Cannabis sector suggestions. +My mom makes approximately $40k per year. My grandma no longer works. Uncle lives in the same house and makes around the same as my mom, so *I'm estimating combined household income is around $80k.* I think they keep pulling money out of the equity to 'live large' because they don't perceive any hope for the situation. +_______ +Grandma "loaned" (in good will but with no contract) over $150k to my aunt, and I don't believe she makes enough money to pay that back. Aunt's house is wrecked. 2 of her 3 'boys' (24 - 29) don't work. + +My mom and dad (69) are separated but still married. My dad totaled his van a few months ago and was charged with DUI #2, now living in sober living and scored a handyman/carpet cleaning position with the recovery organization in exchange for housing and pay. + +Family unit across the board is fairly dysfunctional; it's never been functional as far back as I can remember, but things are starting to get better. Everyone has grown up quite a bit, but there's no one in the family that's trying to 'turn over a new leaf' or whatever, and I (24) am barely starting to establish myself in the educational field. My mom can barely stand being in the house with my uncle and grandma because of prevalent addictions, and I feel pretty much out of place while I'm here for the holidays. + +I'm getting a vibe that people are using my grandma for the equity still in the house, she's getting old in age, and I'm getting the feeling that when she dies the whole family is gonna implode via the house. + +_____________________ + +Rent where we live (OC) is $1k - $2k per month for a single room, so I think saving the house is the last, best chance that my mom has to live and share ownership of a place until I'm pulling in decent income. I think rent is essentially burning money just to live in a place and I feel stuck because it's gonna be difficult for my family to get anywhere when over half our monthly income goes straight to rent alone. + +I know how to navigate food stamps and other social services out there; I think my mom and dad have avoided applying for affordable housing and food stamps out of pride, to their own detriment. + +______________ + +I feel like this is a big conversation because of the complexity. I'm looking after myself first and foremost. I'm going into the educational field; I'm currently doing an internship out-of-county until June 2018. I don't have any student loan debt and my credit is great. + +**I understand almost none of this is my responsibility and I should not take the burdens from my family's mistakes upon myself. I do recognize the dire straits we are in, I'm trying to figure out my role, how I can best advise my mom moving forward, and what we [I] can or should do.** +There has been tonnes of interest in the (most recent) Australian house price boom of late in this sub, but I was interested in people's opinions regarding the potential fall out of an apartment price crash over the coming months. + +It's looking like international students won't be returning to Australia until 2022, and even then, I wonder what sort of caps will apply given the high levels of underemployment among under 25s in the post-covid economy. Compounding this issue is a huge oversupply of apartments as inner city professionals consider the importance of a study or extra bedroom to accommodate working from home which in my view will continue to be offered for at least 2-3 days per week on average into the future. + +Apartments continue to come online around my area and a quick REA check has single bedroom dog boxes in Heidelberg priced at $450k. Surely there is no market for apartments at this price point given how difficult it would be to secure tenants and/or sustainable yields given that rents continue to depreciate. + +Are apartment investors guaranteed to be cleaned out here? Are we looking at potentially tens of thousands of apartment owners forced to sell at huge losses? +I'm new to systematically analysing a company to determine where should I invest for a long term perspective. I am wondering if there is a step by step procedure which professionals follow to fundamentally analyse a company. Would appreciate some help, thank you. +I have no idea about crypto, was offered a bitcoin or 40k of the 49k I'm asking. I have been researching bitcoin a bit and must say this is above my pay grade. It looks like a roller coaster ride, though profitable in the long term. Would any of you wonderful geniuses out there offer a suggestion? And how does accessing the funds internationally work? + +Edit: Thank you all so much. Totally blown away by how helpful y'all are. Should have mentioned, this is an owner carry sale, so the total sale price stays the same, the lost down payment is made up in higher monthly payments. +So I'm considering accepting a new job with a big science institute, but because of their public-good mission they're exempt from paying national insurance. (I've checked with multiple lawyers and other people in the field, the company is totally legitimate and what they're doing is above board.) + +It's a fixed term contract, I'm not being "self employed" and I'm still employed in the UK (not the EU). I just can't work out how much national insurance I'll need to pay to get my state pension? I know that if you're self employed the payments are something like £15 a week, but when I logged onto the government gateway my payments from previous years were a lot higher. + +Can anyone shed some light onto this? +So checking my Investor's Edge account today, and was shocked (maybe dumb-founded) to see a roughly $600K increase in my account value! I checked out my transaction history only to discover that yesterday, all this money (stocks, cash, puts and other investments) were transferred into my account (apparently from Wood Gundy - even their account number is there). It's not my investments (as much as I wish it was) and it's not intended for me. + +Am I over-reacting in thinking that this is a pretty bad screw up for a major bank? Sure, people make mistakes but aren't there account numbers, double-checks and security measures in place to ensure that half a million dollars in various investments doesn't just accidentally go into the wrong account during a routine transfer? It doesn't fill with me with confidence even though my own account appears unaffected by this error (ie. nothing appears to be missing). + +I guess it will all be sorted out tomorrow, but CIBC Investor's Edge has got some 'splainin to do eh? If anyone is missing a small fortune they were transferring from Wood Gundy to CIBC Investor's Edge, don't worry, I'm baby-sitting it for a while. You'll get it back. + +TLDR: make sure you keep very good records of all your investments if you are transferring them from one investment bank to another. They do screw up sometimes! + +UPDATE: so the erroneous account transfer is continuing to update some details after hours (figures are arriving). Some of the stocks that were mistakenly transferred into my account are ones that I held also (such as TD), so these stock holdings have merged together, changing the average cost base etc. It's a real mess. This is going to to take some effort to sort out. Anyone got ideas as to how best to deal with CIBC to makes sure I don't get any weird numbers at the tail end of this mess? + +We've recently added several new resources to our wiki: + +* [Student loans](https://ukpersonal.finance/student-loans/): when should you overpay? +* [Tax efficiency for high earners](https://ukpersonal.finance/tax-efficiency-for-high-earners/) +* [Scams](https://ukpersonal.finance/scams/): from fraudulent investment schemes to phishing emails, what to look out for and how to keep yourself safe + +Lots of our other pages have had minor updates over the last couple of months. If you haven't browsed our wiki before, our most popular pages are: + +* [Budgeting](https://ukpersonal.finance/budgeting/) 🧮 +* [Investing](https://ukpersonal.finance/investing-101/) 📈 +* [Index Funds](https://ukpersonal.finance/index-funds/) 🌍 +* [Pensions](https://ukpersonal.finance/pensions/) 👴 +* [Emergency Fund](https://ukpersonal.finance/emergency-fund/) 🆘 +* And of course... ➡️ THE FLOWCHART ⤵️ https://ukpersonal.finance/flowchart/ + +We really hope you find these pages useful. Any feedback, suggestions and additions are very welcome - what would you like to see us add next? + +Wiki organising happens on [the UKPF discord](https://discord.gg/kaetMg8), so feel free to join us there too :) +Learned recently that my landlord has not been paying her mortgage and the house is officially going through foreclosure. I want to purchase the home but I'm not sure exactly how. The house is going to be set for auction in three months. + +I'm happy with the neighborhood and I have roommates that pay rent as well. I've been living here four years. + +Below are the stats: + +The unpaid principal balance on the original note is $300k. Fixed 30 year at $1500 a month + +Zillow puts home at $380k but that's Zillow + +My current rent is $350. A new apartment that is comparable is minimum $1200. + +I live with three other roommates. Total current monthly rent from us is $2300. Market rate would be $3000. + +Income is $72k. + +$25k saved up in post tax retirement accounts. Another $30k is pre tax accounts. + +No current monthly debt. + +Current mortgage calculators shows a $300k mortgage at $1700 a month. +Cmon guys. Take a breather. We’re going to have days we don’t gain 20%. And that’s okay. + +Some days we may go down 5%, 10%, even more. And on those days, put your phone down, and check back later. Or if you must, zoom out and look at the 7 day, 30 day, 90 day charts and see what’s been going on. Crypto is a volatile space, and definitely a long term play, so don’t panic. + +The people who do the best are those that just buy and forget about it for years. Keep hodling. We got this. +If you ignore IRA, 401k and Roth IRA, how common would you say it is for an average American to buy stocks in their own name? I asked in a none investing sub and got the answers “not common at all”, so I thought I’d ask this demographic too. + +Edit: Turns out the answer is [14%](https://www.reddit.com/r/investing/comments/ei2sdj/is_it_common_for_average_janes_and_joes_in_the_us/fcn2bbu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 2: It now turns out 14% is [not the case](https://www.reddit.com/r/investing/comments/ei2sdj/is_it_common_for_average_janes_and_joes_in_the_us/fcnc4aq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), that’s just the amount of American who have a brokerage account. Most (?) use them for ETFs and mural funds hence don’t fall into the answer to my question. +"Market Maker Speaks Out: "Ways of a Market Maker" + +Market Maker Speaks Out: Ways of a Market Maker +10:08 PM Learn, Story + +I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade. + +They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks. + +So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM. + +If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on. + +Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more. + +As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses. + +With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision. + +Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks. + +But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever". + +Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________ + +Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them. + +Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. + +Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. + +Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. + +Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. + +This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." + +Market Maker's Operating Procedure + + +The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding. + + +More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price. + +MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off. + +When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see + + +The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning. + + +The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop. + +Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover. + + +Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling. + +Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread. + + +Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while. + +Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story. + +MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out. + +So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence. + +However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + + +This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +"Market Maker Speaks Out: "Ways of a Market Maker" +Author: Unknown +They know it's coming and don't care, they were just caught off guard in January and needed time to prepare. They know the cost, they just needed time to do two things: 1. Line up the sacrificial lambs (which hedges and banks will take the hit?) and 2. Figure out how the top dogs can capitalize on this event and make money off the remains of the lambs. + +What they are counting on is that retail won't hold. When we see more $$$ than we've seen in our lives, which for many of us isn't actually a whole lot, they believe we'll sell. They don't think we'll hold into the thousands, hundreds of thousands, millions... + +They continue to underestimate our retard strength. 💎🙌👊 +Hello all! + +Some of you asked for an update on the situation in my previous post which you can find here: [https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well\_thenwhat\_happens\_now/](https://www.reddit.com/r/UKPersonalFinance/comments/khynh5/well_thenwhat_happens_now/) + +January has been a rather long an arduous month! It would seem that no conveyancer in England has ever dealt with this scenario! One of the main responses we've been getting is "we don't really know, normally people sort things out before the Notice to Complete expires". + +So from what I can gather, being in breach of contract doesn't necessarily immediately rescind your contract. The party that breached contract ended up having to send £15,000 to the top of the chain through each conveyancer. Where this £15,000 figure came from, I have no idea. I suppose its based on 10% of the house with the lowest sale value which would be ours at £157,500. Why the party in breach didn't pay the additional £750, I don't really know. Our conveyancer simple said "that's what we exchanged on". Top of the chain gets to keep this £15,000 apparently. + +We were told that the top of the chain had the right to rescind the contract. If they did this it would release us all of our contractual obligations to each other but we would have to pay 10% of the sale price of our respective purchases to our sellers minus what had already gone up the chain from the party in breach (in our case, the house we're buying is £215,000 so we'd have to pay £6500 minus the £750 from our buyer so £5,750 in total). + +We all had to get litigation solicitors for this which obviously isn't cheap so the general gist was that we would have to top up to the 10% plus whatever legal fees the parties above choose to claim back. The idea is that we all essentially sue each other for losses until it gets to the party in breach. We'd all have to pay up front and then claim it back. This would be a pretty big issue for us especially being a young family (early 30's) with a 4 year old, we're not flush with cash but we aren't poor either. + +To try and rebuild the chain and avoid this situation our buyer put her house back on the market to seek a new buyer. We also got a lot of pressure to put ours back on as our house is the cheapest in the chain and was seen as the most saleable. We were told we were legally allowed to put our house back up so we did. Had 5 viewings in a pretty short amount of time but thankfully our original buyer managed to secure someone! Hurray! + +There was some talk about having to pay the 10% anyway in order to rescind the original contract and then set up the new contract in a way were no one would pay a deposit on their purchase. + +We went to see our litigators on Wednesday to get our IDs etc certified so that they could open a file for our case. About an hour after seeing them we received an email with a letter from our sellers litigators stating that the top of the chain have agreed to forfeit their right to 10% of the sale prices of the chain on the condition that we complete before the 12th of February. If we do not complete by the 12th then we go back to having to pay out again. + +So here we are. Chain rebuilt, new contracts signed and as far as we know everyone is ready to complete on the 12th. Hopefully contracts are exchanged on Monday and we can all get on with it and get moved. Its been quite the saga for us. We're pretty sure there is still going to be some need for litigation as the parties above us will be seeking to claim back legal fees, movers fees etc, etc. I guess they'll have to claim those through the chain even though the chain won't technically exist anymore after moving but hey ho, the legal system is weird! + +It seems absolutely mad to me that the party at the top of the chain can hold so much power over everyone! We're lucky they're reasonable people who were probably just as confused as us as to what to do. It also seems crazy to me how much we had to rely on second hand information. We've before very friendly with our sellers and our buyer and have been keeping each other up to date as much as possible. Had we not got their number straight after all this happened we would've been in the dark about a lot of it. + +Sorry this is a super long post! A lot has happened! + +Thanks in advance for your comments. I hope this has been an interesting case study! + +TLDR; was going to have to pay a ton of money to rescind contracts but it seems litigators aren't so bad and we're moving anyway on the 12th...hopefully! :\] + +Edit: Thanks everyone for your comments! :] + +Edit 2: we're in! All went swimmingly today! Our estate agent was even nice enough to reduce their fee significantly because of everything we'd been through. They didn't have too but it was a very nice and appreciated gesture. + +Thanks everyone for you comments and kind words! :] +Bloomberg article: [https://www.bloomberg.com/news/articles/2021-02-25/fed-views-rising-yields-as-bullish-sign-reflecting-2021-optimism](https://www.bloomberg.com/news/articles/2021-02-25/fed-views-rising-yields-as-bullish-sign-reflecting-2021-optimism) + +>Several Federal Reserve presidents argued Thursday that surging Treasury yields reflect economic optimism for a solid recovery from the Covid-19 crisis and stressed that the central bank has no plans to tighten policy prematurely. +> +>“I think the rise in yields is probably a good sign so far because it does reflect better outlook for U.S. economic growth and inflation expectations which are closer to the committee’s inflation target,” St. Louis Fed President James Bullard told reporters after a virtual speech. +> +>Comments by Bullard and two other Fed leaders, Atlanta’s Raphael Bostic and Kansas City’s Esther George, showed that the central bank’s policy makers are solidly united behind Fed Chair Jerome Powell’s patience in making any adjustments to monetary policy. +> +>Powell told lawmakers this week that the nation was still a “long way” from the Fed’s goals for full employment and price stability, signaling the central bank will maintain ultra-easy monetary policy for some time -- despite hopes for a strong economy later this year as vaccinations spread. +> +>The Fed presidents agreed with Powell’s characterization of the rise in yields as “a statement of confidence” in the economic outlook. The 10-year Treasury yield reached 1.61% Thursday, the highest in more than a year, before trimming its gains. +> +>Yields on U.S. 10-year notes have climbed to the highest in more than a year +> +>“Much of this increase likely reflects growing optimism in the strength of the recovery and could be viewed as an encouraging sign of increasing growth expectations,” George said in a speech. +> +>Bostic told reporters he was not expecting the Fed to respond to rising yields: “Yields have definitely moved at the longer end, but right now I am not worried about that.” +> +>All three Fed presidents said it was premature to begin discussing tapering of the central bank’s massive bond-buying program, with Bullard noting that Powell would initiate the discussion when it’s appropriate. Strong Rebound +> +>In separate remarks, a fourth Fed leader, New York’s John Williams, said the economy was poised for a strong rebound. “Indeed, with strong federal fiscal support and continued progress on vaccination, GDP growth this year could be the strongest we’ve seen in decades,” he said, though he added that underlying inflation is likely to remain “subdued for some time.” +> +>Bullard echoed that optimism, noting the Atlanta Fed’s tracking model shows robust growth for gross domestic product in the first quarter. He predicted the U.S. unemployment rate will drop to 4.5% by year’s end, with pent-up demand and elevated savings boosting spending by Americans. +> +>“I gave a rosy outlook today but it’s only an outlook,” Bullard said. As for a policy change, “the chair has wanted to start that conversation only when it’s appropriate and not get ahead of ourselves even though we do have high hopes the pandemic will come to an end.” +> +>Bostic emphasized that the labor market still has considerable pain, especially for lower-income workers and minorities, and that it would take a long time to regain the 10 million jobs that have been lost. +> +>“Just to remind you, our mandate is full employment,” Bostic said Thursday during a virtual speech to the Atlanta Fed’s banking-outlook conference. “It’s not full GDP. It is not the size of GDP. So this disparity is something that is important and something we are going to have to continue to watch closely.” +In the year 2000, total global debt to GDP was 246%, before the crisis in 2007 it was 269%, 2014 286% and since then, in just 2 years and 1 quarter the figure has soared to 325% Q3 of last year. + +http://www.mckinsey.com/global-themes/employment-and-growth/debt-and-not-much-deleveraging + +http://www.reuters.com/article/us-global-debt-iif-idUSKBN14O1PQ?il=0 + +In spite of this huge debt build, GDP growth world wide has been weak. Some of the recent jump is probably due to the dollar strengthening (other countries borrowing in $), but that isn't all of it. Governments especially has been growing their debt at a worrisome and definitely unsustainable rate. The US for example has been running the largest deficit since the 2nd world war and it can't go on for long before we see credit downgrades. + +https://en.wikipedia.org/wiki/File:Annual_Federal_Deficit_as_a_percent_of_GDP.pdf + +This at a time when the large baby boomer generation is about to retire which is kind of a double whammy, lower tax income and higher pension spending for the government. + +http://www.usgovernmentspending.com/spending_chart_2007_2027USb_18s2li111mcn_00t + +So we have government spending cuts and boomer retiring coming up soon, 2 significant deflationary pressures. With what I assume is the most leveraged economy in history, even the central banks have huge balance sheets. I don't think the stocks are terribly overvalued right now, but they certainly aren't cheap either. I don't know if we will get a hard landing or a Japanese style lost decade, but the party can't go on like this. +Good Morning Apes! + +Another season of fuckery is upon us, someone needs to look into t+12 (trading days) cause I swear we never have had a boring season finale. + +So what the actual fuck happened at close yesterday? + +People have speculated a things like : + +**Banging the Close**: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract (that is, the period during which the futures settlement price is determined) in order to benefit an even larger position in an option, swap, or other derivative that is cash settled based on the futures settlement price on that day. + +While this is possible, although the issue I have being yesterday was not an expiration day for futures or options, it was most likely was the movement of shares from S&P 600 ETFs to S&P 400 ETFs we saw similar price action on 6/25/21 at EOD for the Russel 1000 move as did every other stock yesterday that was making the move to the 400 today. + +Suffice to say today should be interesting with the move it is possible mutual funds and other entities that track the S&P 400 may be looking to enter a position especially at the current price point. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ow16bf/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 + +I don't want to say that we have found our bottom but they spent quite a bit again today at 147 and even the downward gamma ramp only slipped it a couple bucks. We still have about $4 range to the downside but for now not dropping is a win in my book. Thank you all for tuning in, sorry the last couple days have been a bit slow. But, updating flat with a picture every 30 minutes seems silly. See ya tomorrow. + +https://preview.redd.it/fwjmyyapdef71.png?width=694&format=png&auto=webp&s=4c7a10234b94e8ac9cec0c60efa79b251a973eee + +\- Gherkinit + +Edit 4 2:46 + +Trading at about the same price for over an hour now we slipped below those 150 puts for a bit but no a significant amount + +https://preview.redd.it/pb22coi50ef71.png?width=1667&format=png&auto=webp&s=7bf1d95431c33e0b6e4a6d27206d5f61620cbfde + +Edit 3 11:55 + +Another bounce at 150, ITM options are coming in hot @ 160p and 200p there is a decent downward ramp at 150 so if we dip below we could slide a bit. + +https://preview.redd.it/sqcv6wyp5df71.png?width=1679&format=png&auto=webp&s=ea44c2855af360745b101180061e5b85faf440df + +Edit 2 10:23 + +Failed the second test at 157 and dropped below VWAP again, volume really needs to pick up to nudge us higher. + +https://preview.redd.it/506gxa66pcf71.png?width=1659&format=png&auto=webp&s=caa991215c33aa81c05485f0b832533013ffd5dc + +Edit 1 9:51 + +Small breakout at open to fill that upper gap between 156-158 failed due to insufficient volume probably some chop now on VWAP + +https://preview.redd.it/ed3uc4bejcf71.png?width=1662&format=png&auto=webp&s=a66a91a28ba94a6300595f6d38e9a761c1fa4cfd + +# Pre-Market Analysis + +Volume in Pre-Market is ok this morning sitting around 20k with 25k shares to borrow. This S&P 400 move could be beneficial to us today but we look like we are still following that bearish trend predicted in the weekly TA so we have some downside available to us. Don't forget if GameStop did move to new ETFs that means more options chains from which they could potentially short the stock vis delta hedging. + +[Nice gap to fill up at 156 ](https://preview.redd.it/26hswdz48cf71.png?width=1668&format=png&auto=webp&s=965596f4f743bfcb9e4a97eb42a045b41864a75e) + +Looks like we are right on track with that bearish trend from this weeks TA + +https://preview.redd.it/sbjdw58j8cf71.png?width=2464&format=png&auto=webp&s=4ce057b6d396b5e19fa3902ba1482b464454ef53 + +**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.* + +\* *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/) +Hello Personal Financiers! This is my story, and personally not a fun one. This last Presidents’ Day I decided to take the big once (hopefully) in a lifetime step and purchase an engagement ring for the one love of my life! How exciting! I went to the store, placed the down deposit and the friendly charismatic sales person was more than eager to ring it up as it was not cheap! The sales lady advised me that they would reach out in 4-8 weeks to let me know when my ring is ready. I was also told I would receive my billing in the mail! Shortly after this order the Covid-19 lockdown went into place in my area. The jewelry store was now effectively closed until further notice... and still is. So I sat tight and waited for a billing statement or account information to begin my payments on a ring. The statements never came and the jeweler never reached out. I figured it was a product of store shutdown and wasn’t too worried. Fast forward to today, This morning I received a notification that my credit dropped 70 points! I damn near had a heart attack! Low and behold it’s the jeweler claiming I have a delinquent account by 30-90 days. I’m aghast by this. How was I supposed to pay on an account when I don’t know the account information? I never received a bill in the mail either? To top it off the store is closed and I can’t get in contact with the jeweler! This is where I come to all you more experienced people of the Internet. What am I to do? I’m young and have never missed a payment on my debts ever! I have never really dealt with something like this and need help! +I always come across posts here and there mentioning "Big Players" traders who actually cause the big market swings. + +Who are those "big banks" that move the market? Are they Goldman Sachs, JP Morgan, SG, HSBS or some trading-specialized banks (or maybe hedge funds)? Are investment banks allowed to take big risk and trade on margin to make abnormal profits? Do they have people who sit there and study charts to take positions with the banks money? + +I've been trading for a while now and the picture is still blur when it comes to this in particular. +Thanks for making it clear! + +&#x200B; +Hello im really new to trading about 2 months in and i struggle to find something that works, i have learned about support/resistence, price action, break of structure and these kind of basic stuff but doesn't seem to find a way to make it work. Can you give me any advice if you are succsessfull in trading that might help me thanks. +Background: I've been trading for a number of years and have been steadily growing my account. Soon, it will reach $100k. + +What are some of the things I should do differently from here on? + +For instance, I understand I should be negotiating with my broker for smaller spreads. + +Is there anything else I should be doing? + +Serious answers only, please. :) + +Thank you! + +[edit: spelling] +Hey everyone! + +I am writing up a bunch of notes I have taken from babypips and from watching various videos. I am currently doing a 'general tips' page from things I have seen here on r/Forex. So far I have: + +* Start by paper trading, then live trading on a smaller account. +* 'Best indicators' is subjective and you should use indicators which make sense to you and which work. + * Most popular indicators tend to show 'levels' like Pivot Points, Fib Retracement, Bollinger Bands, MAs. +* Use a top-down multi-timeframe analysis. +* Stay away from Binary options since it can be scammy. + +&#x200B; + +What are some other tips you all have for a beginner? Thanks! +I would like to start trading forex,but I obviously have a lot to learn. +Where did you learn how to trade? How did you decide you want to learn? +And how long did it take you to become successful :) +Thank you in advance. +So hello guys,i’m new to the forex trading field-just step in the learning phase,nothing more and i have a plan of things that i will learn in the future. ++ i will focus on the price action,dow theory,analyze supply and demand,volume analysis and some indicators like rsi,macd,ema,... ++ Along with that i will put some effort in learning funfamental analysis by Anton Kreil course (anyone who attended this course,plz give me some review) ++ third aspect in my studying will be inter-market analysis,can you guys recommend me some sources on this ? +Well thats pretty much all of my plan,it would be so great if you guys can give me advices,thanks so much ! +I don't get what you guys are worried about with PLTR. + +Here's my **personal** DD on PLTR, you're welcome to read and do whatever you want. Other helpful info or pointing out mistakes in my DD is very welcome. + +Fears preventing you from buying PLTR + +1. Targeted ads on your phone from Yahoo Finance or Zacks telling you PLTR = BAD!!!1!eleven +2. Shills spamming "pLtR tO tHe MoOn" and :rocket: on PLTR thread comments. +3. Last quarter's seemingly bad financials/earnings. +4. Financials Moving Forwards +5. Soros who owns 21 million shares "threatening" to sell his shares upon DPO expiry. +6. DPO expiry 3 days after February's earnings and possible insiders and DPO holders sale and dip. +7. What does PLTR tldr. +8. Other Information + +&#x200B; + +***#1 Targeted Ads*** + +Ads and articles are both paid for by someone.The fact that in the past 3 weeks i've been getting multiple multiple targeted ads on my phone related to PLTR since i love PLTR so much. + +Ads are telling me that PLTR is bad, doesn't provide a dividend, they're telling me PLTR's fair price is 20 instead of 25 based on some financial model and have gone as far as to provide a list of alternative stocks to buy. + +To me, this all screams: **SCARE TACTICS** + +Additionally, the last few weeks of ups and downs in PLTR's stock price is another indication of the attempts to short the stock to sh!t and drive investors out. (For what reason? I don't know.) + +&#x200B; + +***#2 Shilling PLTR*** + +I myself love to shill PLTR to people whenever i can. I do this because i legitimately think this company will do great. I work as a product manager in a software development house and understand what PLTR does. PLTR is not cryptic.Regardless, i think when people shill PLTR to you, they are right to do so as you're probably missing out on a great opportunity to make money in the long run. If you're looking for big gains short term, maybe try something else. + +Shillery is OK, but at least give the facts. + +&#x200B; + +***#3 Last Quarter's Bad Financials*** + +If you'd done your DD not by searching reddit posts but by checking PLTR's actual quarterly report, you'd know that PLTR's "bad" last financial quarter/earnings were due to the costs of listing themselves on the *New York Stock Exchange*.\~855million were spent on listing and stock related compensations and this is the big reason. + +**Direct quote by PLTR here:** [https://investors.palantir.com/news-details/2020/Palantir-Reports-Revenue-Growth-of-52-in-the-Third-Quarter-Raises-Full-Year-2020-Guidance/default.aspx](https://investors.palantir.com/news-details/2020/Palantir-Reports-Revenue-Growth-of-52-in-the-Third-Quarter-Raises-Full-Year-2020-Guidance/default.aspx) + +>We incurred a loss from operations of $847.8 million, which includes $847.0 million in stock-based compensation following our recent direct listing. + +I would like to remind everyone that this is a **1 TIME THING.** Put simply, this means that PLTR won't have as excessive losses next quarter as they did this last quarter. + +*Additionally*, let me go into further detail on this and not just leave it to that. + +* ***PLTR's quarterly operating expenses for the past 3 quarters were at around \~260 million.*** +* ***PLTR's operating expenses this quarter were \~987 million.*** + +ADDITIONALLY... + +PLTR also had a higher R&D cost this quarter that just passed. Normally they'd pay 80 million on R&D, but somehow ended up paying \~300 million this quarter. No one knows why, but this is another thing that influenced PLTR's earnings. + +[https://investors.palantir.com/news-details/2020/Palantir-Reports-Revenue-Growth-of-52-in-the-Third-Quarter-Raises-Full-Year-2020-Guidance/default.aspx](https://investors.palantir.com/news-details/2020/Palantir-Reports-Revenue-Growth-of-52-in-the-Third-Quarter-Raises-Full-Year-2020-Guidance/default.aspx) + +>On September 30, 2020, in connection with the Direct Listing, we incurred $769.5 million and $8.4 million of stock-based compensation using the accelerated attribution method related to the satisfaction of the performance-based vesting condition for RSUs and growth units, respectively, that had satisfied the service-based vesting condition as of such date. + +&#x200B; + +***#4 PLTR financials moving forwards*** + +PLTR is deep in bed with the government and the Biden regime although may look like it would be against using PLTR is in fact secretly very pro-surveillance e.g pro Palantir. + +Here's some of the known organizations in the US Govt that use PLTR: + +1. CDC +2. Office of the Secretary +3. Food and Drug Administration +4. Immigration and Customs Enforcements / ICE +5. Internal Revenue Service / IRS +6. National Institute on Drug Abuse +7. DOD/ARMY - ACC Aberdeen Proving Ground +8. Coast Guard / DHS +9. DOD/NAVY - Naval Information Warfare Systems Command +10. US Attorney's Offices / DOJ +11. US Special Operations Command / SPEC OPS + +Boys. The big institutional people know these things. You just found this out. See how deep PLTR is already in bed with the Government?????? Palantir IS the next Raytheon/Lockheed of DATA aggregation and visualization. + +***UPCOMING EARNINGS*** + +I've done some quick maths and it looks like PLTR is more likely to be in positive earnings this quarter and with a 0.02 cent EPS target, we can easily assume that they'll destroy this with maybe 0.04 or 0.08 EPS. In the worst case scenario, PLTR's EPS this quarter could be somewhere around MINUS -0.05 ish due to interview costs and ad/campaigning costs that were not there before the company was listed. + +***WHAT CAN DESTROY PALANTIR*** + +Now, there's big possible downsides and Palantir can fail IF contracts that expire are not renewed. That's biggest REAL reason for Palantir's balance sheet getting screwed. + +I've seen a disturbing pattern with PLTR's financials and that's that every year, it's R&D cost is rising by between 150 and 350 million dollars. This is quite a bit of negative revenue and if new contracts are not constantly coming in, PLTR's balance can start going into the negative. + +***WHAT WILL NOT DESTROY PALANTIR*** + +Some people may have concerns over the new left leaning government dumping PLTR. An article was posted that is behind a paywall EVERYWHERE that goes something like this: + +[https://www.thedailybeast.com/cdc-officials-urge-biden-team-to-dump-palantirs-covid-tracker](https://www.thedailybeast.com/cdc-officials-urge-biden-team-to-dump-palantirs-covid-tracker) + +In my opinion, i believe this is inconsequential and that a few people crying to daddy Biden to kill a multimillion contract with PLTR is a stretch. Also we know the current new Biden team has his hands full and will have them full for at least the next 1 year with what's going on. + +There is no time to deal with a few crybabies and even if he did deal with it and did decide to kill the PLTR Tiberius Covid tracker contract with the CDC which he WONT, these things take months and years to deal with, and by then the contract/s will have already brought PLTR tons of money and revenue in. + +***HOW MUCH DOES KARP AND HIS GOONS GET PAID*** + +Short answer is... A LOT. The amounts below are PER YEAR. That's a lot of money in the hole and contributes to annoying amount to why PLTR is always just at the edge of just barely being profitable. + +https://preview.redd.it/ba58nqcurob61.png?width=2615&format=png&auto=webp&s=55d45833faad4d60ea8dc142a9601c44b4cc7395 + +Palantir's prospectus 311 page document's 130 last pages are almost all exclusively talking about extremely complicated options trading schemes that are made by Cohen and others to make sure they can squeeze out a LOT of money out of PLTR. + +Mithril Investments has existed from before and is not a new company. Owned by Thiel/Cohen/Karp as a way to launder and exchange options for more options and more money for all 3 of them. Also Shyam Sankar to me feels corrupt which scares me a bit, he's had some very shady dealings and has brought his wife in PLTR that gets paid 200k per year. + +Prospectus Document: [https://www.sec.gov/Archives/edgar/data/1321655/000119312520230013/d904406ds1.htm](https://www.sec.gov/Archives/edgar/data/1321655/000119312520230013/d904406ds1.htm) + +I suggest you skim through it, it contains EVERYTHING about Palantir. + +**Palantir is going to need to have to be getting AT LEAST 500 million in NEW contracts per year to REMAIN BARELY profitable. It's doable in my opinion, but just barely and it's why they made the company public to try and get more people's attention and increase the inflow of contracts.** + +&#x200B; + +***#5 Soros and his 21 million shares*** + +First of all, i think we can all agree that Soros can suck it. + +If you've read a few articles here and there, you'll know that Soros owns/owned 1% of Class A PLTR shares. No one knows whether he's sold them yet or if he's an DPO holder who'll sell 3 days after February's earnings. + +Whether he sells them or buys more will be mostly inconsequential in my opinion. We see dips and pumps every day. He legally cannot sell his shares all at once, he'll have to sell certain amounts daily and over time. This will create annoying sideways motion as shares exchange hands and consolidation starts for 2-3 weeks until his and insider shares exchange hands. + +Nothing special to see here, move along just a little draw down resulting in some consolidation. + +PLTR is exposed to OIL more than anything, so fluctuations in the general market and general market crashes affect PLTR much less than other stocks. Also PLTR does not track ANY benchmarks. NONE. + +&#x200B; + +***#6 DPO expiry 3 days after earnings in February*** + +To my limited knowledge, this is how BIG plays who are holding DPO shares usually work: + +* If a stock has performed well up to earnings and investors are more than happy with the returns, they're more likely to not sell their stock or just sell less than they normally would. +* If a stock hasn't performed as well as investors thought, these investors are more likely to sell stock or reduce their positions more than normal. + +There's a total of 1.16Billion Class A PLTR shares currently (Give or take don't flog me). We are currently trading with \~250 million shares while the rest are locked away in the DPO. + +When those shares are "unlocked" in February, the price of the stock won't be diluted. These shares already exist and are accounted for. They are simply locked. Also when they are unlocked, the share price won't simply multiply because all shares are now tradeable. + +>According to [Palantir’s after-hours filing with the SEC this afternoon](https://www.sec.gov/Archives/edgar/data/1321655/000119312520257973/d89036dex991.htm), the company has 1.16 billion Class A shares, 484 million Class B shares and 1 million Class F shares on its cap table outstanding today, or a total of roughly 1.64 billion. Only Class A shares will trade, and Class B and F shares are convertible to Class A shares on a one-to-one basis. On a fully diluted basis, which Palantir says represents 2.2 billion shares total according to its most recent S-1 filing, the company is valued at $16 billion. The difference between those two aggregate numbers comes from outstanding stock performance grants, warrants and other financial instruments. + +What **WILL** affect stock price: + +* Employees exercising their non class A options into Class A shares. This IS dilution. +* The bigwigs e.g Alex Karp, Peter Thiel and a few other bigshots exercising their options and then selling them for a profit. + +*To note, regular employees will barely affect the price of the stock with their miniscule share holdings. Alex Karp, Peter Thiel and a handful of other high ranked executives in PLTR are the ones that will create a tiny but manageable ripple in the stock price.* + +What **COULD** affect the stock price a lot: + +* Massive sell off by the big institutional holders. +* Not shorters. (Citron and Citi can suck it, we're in control here) +* People with weak spaghetti wet paper hands. +* Everyone fomoing the same weeklies e.g like when everyone bought Jan 15 calls on everything. +* Big but silent scare campaign (that's already going on) to scare off normies like us. + +&#x200B; + +***#7 What does PLTR do, tldr.*** + +Imagine Facebook's database of everything about everyone & Youtube's Database of everything & Geolocation data in a database made by the US Army for known terrorist cells. + +Palantir allows you to select and match varied data TYPES from several different database, combine it in any way you want and visualize it so that it's human readable by even the dumbest person in the room so that even they can see patterns and come to conclusion on a subject matter. + +It's kind of like filling an excel sheet with data and then visualizing it with a bar chart, except the date you filled the sheet with can be anything and not just numbers or dates or countries and you can make various combinations using all the different rows of data to maybe come up with a pattern to something like how to best distribute the Covid vaccines in the counties in a very specific state in the US. + +Literally what you see in SciFi movies where people combine random data by smashing keys on a keyboard and somehow find the murderer, the location of a terrorist or the percentage that someone will commit a murder in the future based on a lot of random data about that person or the area, country, family, history... anything. + +While this all might sound super cool and amazing, it is. Maybe in 10 years time there will be a few more companies doing this, but for now, it's only Palantir, Circles, Alteryx and a few other private entities that do this type of thing. Many of them work with governments and are hush hush due to the kinds of things they use this type of software for (terrorist cells, warzones, etc) and the public backlash this could cause. + +tldr: Glorified data aggregator and visualization platform/software with different access levels for different people. + +**PLTR is superbly positioned to offer their software to SLOW and Boomer like organizations like Governments.** + +Governments are stupid and don't have neither the time, nor technical knowledge to develop this software themselves for internal use. This is what PLTR capitalizes on and why Governments use them so much. + +Governments could have spent the a fraction of the money they spend on PLTR contracts to make the software themselves but only for their own internal systems and use, but they can't and if they tried, they'd fail because technocracy in governments is not a thing. By the time they'd even complete a project like this, it'd likely be out of spec, unusable and would require further development and money and we know how slow and bad governments are at doing even the basics. Again PLTR wins because of this. + +**PLTR is likely NOT** to be adopted by giants like Google or FB or other modern tech organizations of any size because they are not stupid. They have their own purpose built internal systems that they use to do everything related to data aggregation and visualization because they have the technical knowledge and resources. Buying PLTR for their use is a joke. + +PLTR capitalizes on being general a general purpose tool and is set up manually by an engineer over the course of 4-10 days for each customer. The engineer customizes and configures the system for each company's custom use since the software allows you to do so. Regular aggregation and visualization software CAN do the same, but typically lacks data input types and features that PLTR has because PLTR has cultivated a special set of features over many years that were suggested by their existing clientele in battlefields and other places. + +&#x200B; + +***#8 Other Information*** + +***\*\*Big known PLTR Holders\*\**** + +https://preview.redd.it/a404oalxrob61.png?width=1631&format=png&auto=webp&s=8c2dbcfac5a7ca207127771ec4e3133f8d943359 + +***\*\*PLTR's Price List (2019)\*\**** + +[https://www.esi.mil/Download.aspx?id=7186](https://www.esi.mil/Download.aspx?id=7186) + +&#x200B; + +***\*\*Personal TA and Crayon Mania\*\**** + +[https://www.tradingview.com/chart/PLTR/nrjqL4dw-PLTR-Risky-April-100-200-possibility/](https://www.tradingview.com/chart/PLTR/nrjqL4dw-PLTR-Risky-April-100-200-possibility/) + +[https://www.tradingview.com/chart/PLTR/5YcdCye0-PLTR-Schizzo-Technical-Analysis/](https://www.tradingview.com/chart/PLTR/5YcdCye0-PLTR-Schizzo-Technical-Analysis/) + +[https://www.tradingview.com/chart/PLTR/CkCTvtqM-PLTR-PLTR-train-leaving-the-station-get-ready/](https://www.tradingview.com/chart/PLTR/CkCTvtqM-PLTR-PLTR-train-leaving-the-station-get-ready/) + +&#x200B; + +***\*\*PLTR stock pumping events\*\**** + +* 7'th Jan - Interview +* 26'th Jan - Demonstration +* 11'th Feb - Earnings +* \~15'th Feb - DPO expiration - Havoc + +&#x200B; + +***\*\*Similar Companies\*\**** + +* PLTR - Palantir - Stock Price \~$25 - Market Cap 48bln +* AYX - Alteryx - Stock Price \~$125 - Market Cap 8bln +* Semantic Research - Private + +&#x200B; + +***\*\*Known Contract Info\*\**** + +* 240 million Palantir Air Force contract expiring soon in 3 months. If it's re-signed, it'll be a big catalyst for a PLTR pump. If not, it'll be a sad dump day. +* Mithril, investment/financial company owned by Karp and Thiel buys a 3.15million share stake in Palantir. Somehow this makes them major stakeholders. +* Sompo holdings has 5% of all PLTR shares. + +&#x200B; + +***\*\*Past and new US KNOWN gov contracts. Source*** [***govtribe.com***](https://govtribe.com/)***\*\**** + +https://preview.redd.it/kbim7afrrob61.png?width=1392&format=png&auto=webp&s=9abc99d9995c4972919e275f407e1bba6382dfdd + +&#x200B; + +***\*\*Quotes from Won and LOST contracts from Federal Agencies\*\**** + +National Institute on Drug Abuse (NIH) - **WON** + +>The National Institutes of Health (NIH) intends to award a contract without providing for full and open competition to Palantir Technologies, Inc., 100 Hamilton Ave., Suite 300, Palo Alto, CA 94301. + +Veteran Health Association - **WON** + +>The pandemic-related data management and operational decision-support requirements have led the program office to determine that the Palantir data management and analytics platform is the only viable solution that would maintain the current operational capability, without a degradation in VHA COVID-19 decision-support. + +AFLCMC Wright Patterson AFB (DOD - USAF - AFMC - AFLCMC) - **LOST** + +>Subject Matter Experts (SMEs) held meetings in January/February 2020 timeframe with potential vendors to determine their capabilities and their abilities to meet this mission requirement. They met with Palantir, Recorded Future, Altyrex, In-Q-tel and Semantic AI. From the information they gathered in those meetings it was determined that Semantic AI would be the only company that could fully meet the requirements of this effort without further delaying the project and incurring additional costs + +&#x200B; + +=============== + +=============== + +&#x200B; + +Now friends, here's my position on PLTR. I'll be holding onto it for the next year. If it's not at least 300% by then, i'm selling it and moving on to the next stock. App i'm using is Revolut. + +Also yes, i'm ALL-IN only on Palantir because i know my money will multiply itself in the short term. I'm not holding this till 2025 as others are supposedly doing. I'm selling in 2022 with 300% or more profit. PLTR is severely undervalued, underpriced because it's a DPO. Give it till EOY and we're going to be rich. If it was an IPO it'd be trading at 180+ already imho. + +I've spent the last month and a half holding PLTR. I've gone full schizzo mode when it comes to PLTR. I lose sleep daily and i love it. I hadn't slept for 37 hours a few days ago because i spent so much time researching PLTR and scraping the internet for all possible information. + +I come from an IT/Development background, so i understand what PLTR does completely. + +My PT's for PLTR are: + +* 48-89 by March or April. +* 75 - 125 by EOY. +* 200+ 2022 IF they solve their income and constantly increasing R&D cost issues. +This past year my partner and I moved into a house. Previously we were renting a place for $2400 per month which we split 50/50. I had enough for a 20% down payment on a house so I bought a house and the monthly mortgage is about $2000. The house and mortgage are in my name and I charge my partner $1000 each month in rent. I'm wondering if this is considered taxable income? +ASICs have destroyed Cryptocurrency. Bitmain owns near +35% of Bitcoin’s hashpower. That hash power is literal ownership of the bitcoin network. You’re telling me that future decentralised currency of the world is 1/3 owned by a single company. Centralised Proof-Of-Work sucks and so far people have done little to stop it. + + + +## **It's time to take a stand to this crap. If you don't support fair mining, you support monopoly. If you support monopoly, you're no better than the banks.** + +But first, let’s discuss and start from the beginning: +&nbsp; +# What is an ASIC? +- Application-Specific Integrated Circuit. +- A piece of hardware made for one specific usage. For cryptocurrencies, it is usually a miner made for a specific coin. +- This machine is useless outside its specific baked in algorithm. + +# What is Bitmain? +- Private company founded in 2013 by Jihan Wu. +- Bitmain was created to help develop an ASIC for Bitcoin. + +# What is wrong with ASICs? +- Financial entry bar is high. +- Mining is no longer profitable for non-ASIC miners, meaning you need to be permissioned by JiHan and Co to have any ownership in the system whatsoever, not to mention the ROI is a turd, and they've usually been pre-used. +- They're useless outside their scope, i.e.: if algorithms needed be changed in the future for security reasons all ASICs in the world become useless shitboxes overnight. + +##**Think i'm joking? You're up against this ▽▽▽▽** +[What Bitmain's Litecoin mining factory looks like] (https://imgur.com/a/wV6ma) + + +#Here's a list of the coins that support centralised Proof-Of-Work: + +| Asic | Hash Function | Coins that use the hash function | +|:-----------|:------------:|:------------:| +| Antminer S9|SHA-256|Bitcoin +| Antminer T9+|SHA-256|Bitcoin Cash +| Antminer L3+|Scrypt|Litecoin +| Antminer A3|Blake (2b)|Siacoin +| Antminer D3|X11|Dash + +# Join The Movement: #FairMining +Vertcoin is committed to ASIC resistance and fair mining. One of the major points (if not, the whole point) in the creation of cryptocurrencies is to not have a central point of failure. Increased centralization increases the chances of network failure. + +We support Monero in their fight against the Antminer X3 and their fork happening in April. With the rumors of an ASIC being created for Ethereum, we urge Ethereum to continue with their vision they set out in their whitepaper to stymie ASICs. + +# We urge all coins, not just the ones without ASICs, to join the fight against ASICs and Bitmain! +You're either with us, or you support them! + +# [#FairMining](https://twitter.com/Vertcoin/status/978641118941384704) + +For more information visit our [Medium article] (https://medium.com/vertcoin-blog/vertcoin-a-call-to-action-against-asics-f8d47aef895d) +TL;DR: A rant about banks and how ridiculously corrupt financial services are today. + + +In the early 2008s, a bunch of wealthy banks decided it was a good idea to sell unbacked, sub-prime mortgages. This was the practice of giving mortgages to individuals that had so bad credit scores/ low income, it was nearly impossible for them to pay it back. To compensate for this 'risk', these *subprime* *mortgages* charged higher interest rates, which were FAR more profitable than the *prime mortgages* they were used to selling. As more and more banks piled on this train and the subprime bubble grew, it only would take a few defaults to set off an explosion. And that it did. + +After the US banks bailed out these banks, Goldman Sachs, JP Morgan Chase, Citigroup, just to name a few, were fined **fractions** of their profits. Only 54.4 billion dollars were fined from the largest banks involved, their crimes which had cost the global economy **30 trillion dollars of wealth**. Over 9 million Americans alone lost their jobs, or 6 % of the total workforce, but that wasn't even the worst of it. + +After these banks screwed up subprime mortgages, they used the bail-out money to robot foreclose MOST mortgages, which ended up in one of the worst real-estate dumps, and as a result, 13 trillion dollars worth of homeowner net worth was wiped clean. Robo-foreclosure is the extremely lazy, indiscriminate practice of EVICTING a homeowner and then LIQUIDATING their home to cover the bank's portion of the mortgage, without even considering the mortgage's quality or status. + +**And the crazy part of this all? NOBODY, NOT A SINGLE BANKER WENT TO JAIL FOR THIS.** + +All the youngster's still reading, you think this was bad? Research fractional reserve banking, the practice where banks routinely credit lend your deposited money for interest farming and then pay you a small surplus of what they earn. That's how banks earn most of their money, through lending. And oh my god, does it reak havoc. + +When your deposit of 100$ is blended to another bank at an interest rate, the credit present in the world nearly doubles. Banks are required to secure at least 10% of the original deposit, but the other 90% are lent out, creating 100$ of ghost money in your account, and another 90$ of real money in a loan borrower's account. And this happens successfully, 90$ gets loaned into 81$, and that gets loaned into 73$... Suddenly, an additional 144$ was created out of thin air from your deposit! + +Now when you withdraw your 100$, in a linear world, the 144$ of loan ghost money is suddenly wiped. Now think what would happen if more than just a few people took out their money. Does anyone here still remember the Greece Euro financial crisis? Everyone withdrew their money until all that was left was ghost money. BILLIONS of the inflated economy LOST in seconds. + +And here's just a list of atrocities banks have: + +\- The fact that, by policy, your deposited money is not owned by you, but becomes the property of the bank, and that you have ZERO right to that money. + +\- The fact that over 35% of the US dollar's entire existence was printed from February 2020 to 2021. Don't believe me? Look below: + +&#x200B; + +[A 35&#37; recent rise in TOTAL MONEY SUPPLY \(M2\) of the US dollar. Look at how small of a blimp the 2008 Recession was compared to how bad things are now.](https://preview.redd.it/3evwka6k29v71.png?width=811&format=png&auto=webp&s=dd314097651155dfad934098835c05ebe333b2ab) + +\- The fact that just like any other 'speculative asset', does the US dollar also have restricted liquidity. You probably wondering, if 35% inflation is backed up in a single year, why isn't everything on fire? Due to low distribution since the Pandemic has lowered spending, money doesn't exchange hands fast enough as of right now to fully distribute 35% inflation. Check this post for more info: [https://www.reddit.com/r/CryptoCurrency/comments/osfxr5/the\_postpandemics\_upcoming\_economic\_fallout\_on/](https://www.reddit.com/r/CryptoCurrency/comments/osfxr5/the_postpandemics_upcoming_economic_fallout_on/) + +&#x200B; + +Ok, ok, I suppose that's enough for a single post. To any newbies out there, this is why crypto was initially created. The very first, decentralized blockchain crypto that started it all was Bitcoin. + +I don't care whether your crypto achieves zero transaction fees, or whether is environmentally sustainable because of Proof Of Stake (PoS), **we must all look back at our roots and realize why we are here in the first place, and what we inevitably fight for.** + +Thank you for listening this far. Please do enjoy the rest of your fine afternoon. +Let's play a little game. Remind yourself to come back and look at this next year. + +- Top performing TSX60 stock: +- Other stock picks: +- Top asset class (Bonds, Stocks, Commodities): +- CAD strengthens or weakens: +- Number of BOC hikes: +- Majority or minority government: + +--- + +My predictions: + +- Top performing TSX60 stock: BAM.A +- Other stock picks: ATD.B +- Top asset class (Bonds, Stocks, Commodities): Bonds +- CAD strengthens or weakens: Weakens +- Number of BOC hikes: None +- Majority or minority government: Minority Liberal + +Hi Everyone, + +I know it's a silly question, but sometimes it helps to get opinions and reassurance from experts such as yourselves. + +Is it enough for me to just stick with VEQT.TO only for the long term? 25 Years+. + +I bring it up because I have friends and coworkers who tell me to invest in things like Bitcoin and even the ETF (BTCC.TO). They tell me stories their return is 200%. They bring up subjects about their return in individual stocks that outgained the index fund and that I only get a measly 5% per year from VEQT. + +I just feel I want simplicity by focusing on DCA in VEQT.TO every 2 months and just forgetting about it. I'm sometimes conflicted on what to invest in because of the mixed information. + +Thanks Everyone. + +I've learned a lot over the years from this Reddit by reading and browsing. You guys are the best. + +=) +Recently I read an exchange that got me thinking: + +The first comment argues the US will continue to outperform international. + +> IMO, VXUS will continue to underperform VOO. I just don't see how any country can outperform the collective might of American big tech companies. + +The second tries to reel in the misunderstanding: + +> To outperform foreign in the market, US big tech doesn't just have to "outperform". It has to surpass people's expectations of how it will do, more than foreign does. Not only that, it has to do it continually, year after year. + +It spurred an analogy to gambling that I think is apt. The US is a heavily favoured sports team, it is expected to win. Therefore, the odds are set so that they have to win by a larger margin than expected (beating the spread) to pay off well. Whereas international are expected to lose, so have a lower bar to hurdle to pay off well. + +In the short term, the market is a voting machine, and the US tends to win that popularity contest. In the long run, the market is about fundamentals, and generally the US has lived up to the voters’ expectations. However, the voting side of the market sets pretty high expectations (in some cases excessively high), and so the fundamental’s expectations (the spread) seems to grow, setting higher and higher targets for growth. + +Can US tech live up to these expectations? Possibly. But, diversification is the only free lunch in investing - yes there’s a downside if the US continues to beat the spread, but less downside if they don’t. +Let's play a little game. Remind yourself to come back and look at this next year. + +- Top performing TSX60 stock: +- Other stock picks: +- Top asset class (Bonds, Stocks, Commodities): +- CAD strengthens or weakens: +- Number of BOC hikes: +- Majority or minority government: + +--- + +My predictions: + +- Top performing TSX60 stock: BAM.A +- Other stock picks: ATD.B +- Top asset class (Bonds, Stocks, Commodities): Bonds +- CAD strengthens or weakens: Weakens +- Number of BOC hikes: None +- Majority or minority government: Minority Liberal + +I’ve been mulling over switching the funds from my TFSA at TD over to Wealthsimple for awhile and I’m thinking about biting the bullet now. However I just wanted to know if the transfer will affect my contribution limit, anyone have any insight on this? +Anything else I should know transferring between institutions? +I seriously do not see the point in buying mutual funds. The institution through which one invests in them takes a cut and the vast majority of the time they underperform the market, statistically. Is it just because it takes a few minutes every month to buy index funds? Or do people perceive it as risky? What’s the argument in favour of mutual funds as opposed to broad based index etfs? +I have an investment advisor from an Asante affiliated firm. He has me in some Fidelity funds for our RRSPs that have performed well. They’re in line with investments that I have with RBC as well. + +Our TFSAs are in a Manulife bank account, but are sitting in cash now for over a year. That’s close to $100K that’s doing nothing. + +I have a business to run, so I don’t spend nearly as much time as I should thinking about these things. + +He has never mentioned ETFs to me - I learned about them from this sub. + +So I brought it up to him last night in an email, specifically mentioning the Vanguard EFTs. VBAL looks appropriate for us and I told him as much. + +I guess he doesn’t market it or does not like the MER as he is now steering me towards a CI Mosaic EFT that I know nothing about as it only was born in January of this year. + +The only difference that I can see right now is that it has an MER of .76 + +I am open for comments. +Gonna try to keep this short and to the point. + +Institutions and large investors like to use synthetic positions for leverage and to avoid dealing in the underlying security directly. Consider the below example: + +>*" Take two traders, Oscar and Sally. They're both bearish on stock XYZ, which is trading at $98. Oscar initiates a synthetic short by buying to open a February 100 put for $4.70, while simultaneously selling to open a February 100 call for $2.25. Oscar's net debit is $2.25, or $245 (x 100 shares), for the bearish spread.* +> +>*The breakeven for the trade is $97.55, or the put strike minus the net debit. Oscar's trade will profit the deeper XYZ sinks below $97.55 by the February options expiration date. If XYZ were to head higher, Oscar's losses will increase with the stock's move north of $100, which would then put his sold call into the money.* +> +>*Comparing this to Sally, who simply sold the stock short, Oscar did not have to borrow XYZ shares. In addition, the margin requirement on the sold call was smaller than Sally's traditional short sale.* +> +>*Thus, the advantages of a synthetic short plays are: the sale of the call can partially or completely offset the cost of the put; you don't have to borrow shares from your broker; and the margin requirement on the short call is frequently smaller than the margin requirement for a traditional short sale. "* + +Source: [https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30](https://www.nasdaq.com/articles/alternative-options-strategy-short-sellers-2017-11-30) + +Similar options strategies exist for synthetic long positions as well, see: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/synthetic-long-asset/) + +Assuming the options used for said synthetic positions are not [thinly traded](https://www.investopedia.com/terms/t/thinly-traded.asp#:~:text=Thinly%20traded%20securities%20are%20those,when%20a%20transaction%20does%20occur) or [illiquid](https://www.investopedia.com/terms/i/illiquid_option.asp), these strategies can work quite well when a leveraged position is desired. If the options used for the synthetic positions are thinly traded, then it becomes difficult to get a "fair" value when one goes to close the positions via selling/buying back the relevant options from the market. Rolling an illiquid synthetic position also becomes more expensive for the same reasons. The only other option for a holder of a synthetic position would be to exercise their options (assuming they're profitable) - but this has the potentially undesired effect of purchasing shares of the underlying security directly from the market. + +&#x200B; + +So far so good? Cool - so what happens when a stock splits, say 4:1? Well, in any split a new options chain is created with new strikes corresponding to the revised valuation of the security and old options holders are [made whole.](https://www.investopedia.com/ask/answers/what-happens-to-options-when-stock-splits/#:~:text=Key%20Takeaways,called%20%22being%20made%20whole.%22&text=Similarly%2C%20a%20stock%20split%20will,market%20capitalization%20of%20a%20company) So, let's say you're holding 1 GME 65P (i.e. a put with a strike of $65, you're betting the price will go down) - well, after a 4:1 split you'd have 4 GME 16.25 Ps (i.e. four puts corresponding to a strike of $16.25). If we take the options chain of another security with strikes near those hypothetical values as an [example](https://finance.yahoo.com/quote/BBBY/options/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANrq7GO3SeYzZoM24z7HGWTlLjg6APLLmHYDsoBSZXWCtT6wRPXhMtS5MIhezB_ngLWgA4Uw9AGESSROuVU7fri1pva74VqqIrs61XOQ5Wjqh-NL0v3L4U4EvLo4qJk8BfDtnKhQJY3FJAdeIBdSGD0l0i8vvBeY8H2LLpZB_9vR), we see that while 16Ps, 17Ps, 16Cs, and 17Cs exist, options with a strike of 16.25 do not. Non standard strikes that result from corporate actions such as splits and reverse-splits can sometimes (and often do) result in [adjusted options](https://www.merrilledge.com/investment-products/options/adjusted-options-contracts#:~:text=An%20adjusted%20option%20exists%20when,an%20option%20to%20become%20adjusted) and [non-standard options.](https://www.thebluecollarinvestor.com/non-standard-options-what-they-are-and-why-we-should-avoid-them/#:~:text=These%20are%20options%20that%20don,extraordinary%20dividend%20or%20stock%20split). Both of these can become very thinly traded and illiquid, and to quote the previous link: ***"The obvious rule is avoid all non-standard options. "*** + +Which brings us to the main point: + +**A split screws with the old options chain for a security and creates a new one. Many of these options were used for synthetic positions to avoid trading the stock directly. When the old options are adjusted for the new options chain, they may become thinly traded or illiquid as traders move to using the new options chain. When that happens, the best way to exit or roll that position may be to exercise the options rather than selling/buying-to-close in order to avoid taking a loss on the large spread of thinly traded options. This matters to you, the DRS'd holder of GME, because it drives volume and price action in the underlying security for \~2 years (i.e. furthest dated pre-split options) after a split. You can see the effect of this in TSLA's price action which continued to squeeze for 2 years after their split.** + +TL,DR: Synthetic short positions r fuk. +Hey guys! What do you think is that is the mst profitable software skill? As for example, Oracle, Solid Works, Auto CAD... No programming skills, only softwares. +Hi all, + +I've saved about €2000. I'd like to either invest it in something or put it in a savings account. There's a mutual fund (Bloomberg Code: BNPIICFT Index) that a local bank offers. Would that be a good investment? + +Most savings accounts offer an interest rate in the 0.01 - 0.03% range which (*I think) is too low and with inflation is actually going to make me lose money. + +I need advice on what to do with the money. If it stays in my spendings account I'm gonna be tempted to spend it. Starting next year I will hopefully be able to start saving a certain % of my paycheck. + +Note: I'm in my early 20's living in Bulgaria, EU. +In times of crisis I started question my portfolio choices. Right now i have: + +1. LYXOR UCITS ETF MSCI WORLD 34,09% + +2. LYXOR ETF NASDAQ-100 25,94% + +3. iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF DE 20,98% + +4. ESPA STOCK BIOTEC (A) 18,99% + + +I'm planning on spreading 700€ monthly on these. Government Bonds about 25-30% and the rest 70-75%. + +Now my question: Is the biotec one too high risk? Since I got it last year it nearly lost 50%. Also i'm not sure about the NASDAQ. It just seems too similar to the MSCI WORLD. Should i just ditch the NASDAQ and invest that monthly money into MSCI? + +I'm saving for retirement but also possibly a house in the not so distant future . +Noob question: I've seen this reddit often recommends VWCE above all the other world ETF's for long-term plans. +But it's got a .22 TER and Degiro charges comissions to buy and sell, whereas among the comission-less ETF's, Lyxor Core and HSBC have performed slighlty better over the years and are cheaper. On another thread HSBC got blasted for its practices and general ethics, and i get that, but that still leaves Lyxor Core World, which, granted, has one third of the fund size (vs VWRP, Dist, whereas I'm looking for Accumulating anyway, which brings it down to one thrid the fund size) and isn't exposed to MSCI instead of FTSE. +But is it THAT big a deal, isn't it still a better ETF? Am I missing something? +(edit: VWRP is commission free , so ignore that part. The TER, performance and fund size parts stand tho) +I'm living in a Eastern European country, earning on average €2000-€2500, sometimes more. Spending around €700 / month including rent which is €185 / month for me (sharing it with my girlfriend). + +My portfolio currently looks like this to which I'm contributing monthly with approximately €500 in the ETF category to get it to 20-25%. + +Bonds and CD's : 71% + +Individual stocks : 16% + +ETF's: 8% + +Crypto: 5% + +I'm expecting an annual return from my investments of around 7-8% in 2020. + +I could pay a down payment of 60%-70% for the type of apartment I'm currently living in if I would liquidate my investments and the monthly mortgage rate (probably around 5% interest) would be 139 EUR / month which I would split with my girlfriend, so roughly around 70 EUR / month. + +I've been thinking about this and couldn't come up with an answer mostly because I feel real estate is extremely inflated at this point due to years of QE from the ECB and having the impression that a recession is around the corner and I would feel bad to pay a large sum for an apartment only to lose 30% of its value within a year or two. + +What do you think? +Hey all, + +What is your opinion about P2P lending? As I can judge, some of the platforms face problems due to their investments into KZ, UA, and RUS markets. Some say that loans are risky investments, but is it so? What is your personal opinion about P2P? I think it is worth it cause they provide constant income, which is predictable. +Hello everyone, I have a transfer of a sum of USD to me very soon, but I don't know where I can put them in Europe. I am an expat living in France so I have a French online bank account (Hello Bank, under BNP Paribas). + +I have checked several options such as TransferWise, N26, Revolut, Standard Bank, etc. These banks are relatively new and so I worry about the security issue using these banks. I am not sure they all have separate USD accounts either. What would you think? + +Someone suggested that N26 and Revolut are for 10,000-20,000 EUR and Stantard Bank is for over 20,000 EUR. I wonder why that is? + +Would it be possible to open an American account (preferably with a low commission online bank) as an EU resident? + +Thanks a lot! + +***An extra question: do you think it is useful to hold USD in Europe? If yes, how can it be useful?*** +Hey guys, + +Any of you using the trading 212app for everything regarding buying stocks? +Could you share your experiences? Negatives and positives + +Best regards +With the stock market at an all time high, I'm a bit fearful about pumping more money into it. For the past few years, bonds have underperformed (given the long bull market) but with the US and probably the EU raising interest rates this year, I was thinking about investing some money in government bonds, taking advantage of it while avoiding a possible correction. + +Do you recommend any bonds ETF with automatic dividend reinvestment? + +Thank you. +Hi. I am an EU citizen based in the UK working as a software developer for a British company. After having lived in the UK for 6 years I've been considering moving to Spain, mainly because of the weather, but also because it would be much easier for my relatives to come and visit me sometimes. And just because I want to live in a Spanish-speaking environment to improve my Spanish. I was hoping that my money would potentially go further in Spain, but now having read the tax law (if I understand it correctly) it seems that I will be loosing a lot of hundreds of pounds, and it has ruined my dreams 🙈 + +My current annual salary is £42,500 + I do a bit of overtime. Every month I earn about £3600. I then get about £1000 deducted from my salary (Income tax (\~520), National Insurance (\~340), Pension (£125.67)), so in the end my \~£3600 becomes \~£2600. + +Now if I move to Spain and stay there for more than 183 days, from what I've read, it seems like I would have to become self-employed (autónomo), I would have to pay 37% income tax which already knocks my £3600 down to £2268 🤯. Then, as I understand, I would have to pay for the social security. I still don't quite get how it works but I saw numbers around £250 paid monthly, which would then bring £2268 further down to £2018. And ,apart from that, I would also have to pay another £100 or so monthly to an accountant as I would have to start sorting the tax myself. + +I am really shocked by this number, I couldn't have imagined that going to Spain would mean sacrificing almost 25% of my salary (effectively undoing the last 2 salary raises which I was so happy to get). Am I getting something wrong or would it really cost me that much to move to Spain? Does anybody have any experience of relocating to Spain and working remotely for a foreign company? + +Apparently I would also no longer be able to work in the UK for longer than 30 days in a year, if I get it right, which is sad, as I have a house here in the UK and my mom lives here, so I thought I could sometimes/regularly come back to the UK if I want/need, and just work from home as usual. + +Thank you very much for any answers/suggestions :) +Basically the sec is now stalling. It’s becoming very apparent Jay Clayton went ahead with this lawsuit prematurely and without concluding an investigation. The guy literally did it on his last day. + +The court has ordered the SEC to hand over documents regarding Eth and BTC twice and they still haven’t done it. The sec is starting to look like a complete embarrassment. But ripples fair notice defence is where they can win at summary judgment. + +The sec had 8 years to bring the case forward. They had 8 years to help crypto but instead Jay Clayton filed the lawsuit on the last day. Ripple are now saying they did not have fair notice. The SEC sat on their hands and didn’t assist crypto in anyway. If ripple win the fair notice defence that means the SEC cannot go after the OG cryptos. They fucked up, by sitting aside and doing nothing they have essentially dug their own grave. +I just came across a nice story about being rich while staying down to earth and wanted to share it. This guy seems really likeable and I think his view on FI matches the spirit of this sub very well https://www.reddit.com/r/bestof/comments/682xc3/_/ +Hi all as the title states I’m in debt with payday loans and the reason for this I’ve taken out it out due to helping family and friends and was not paid back and I’ve incurred all this myself. I’ve only got myself to blame I’m currently working full time and work as a driver in the evenings but even then I feel like I’m stuck and cannot pay anything. I’m wondering what are my best options I wanted to apply for a debt consolidation loan but I’ve been rejected I’m wondering would it be best to go into a part 9 or is there any other solution that could work? Any advice is appreciated I’ve spoken to these lenders but even with reduced repayments it’s just ridiculous to keep up and it’s screwing with my mental health as I feel I cannot hold my chin up anymore. + +Open to suggestions and advice thanks in advance + +TLDR took multiple payment payday loans to help friends and family now suffering from the interest work full time and part time at night still not enough to get by struggling to meet repayment to pay food and cover rent. + +Edit: thinking of going part 9 what are pros and cons? +Hi all, any tips hugely appreciated. +I'll be trying to work obviously overseas but not sure how good the market is, so might take time to find a job. + +- I'm on ING, going to open a ubank acct and set up automatic transfer between them to keep up HISA. +- i plan to leave money in australia to earn interest, about 40 or 50k, it's also a rainy day fund in case things go sideways. +- Taking 25k with me. +- I'll need to check how my super insurance works and if its not valid while im overseas, I'll cancel the insurance +- recommendations on travel insurance please, im just starting research into it now +- any other tips? +Feels like a dumb question, but I'm the first and only person in my family to get a job (grew up on Centerlink) and have no idea how tax works. If I claim TFT, will my employer still withhold a portion of my weekly income (will earn less that $18,200/ p.a)? +Just like the housing mortgage market collapsed, the number of personal credit delinquencies are about to become a major issue as consumers in the service industry unable to work are going to start defaulting. + +From a February 12, 2020 article: + + +>US households now hold more than** $14 trillion of debt, a new record**, the New York Federal Reserve said this week. + +>Total household debt rose by $193 billion during the last quarter of 2019, continuing a five-year upward trend. **It now stands $1.5 trillion higher, in nominal terms, than the pre-recession peak of $12.7 trillion reached in 2008.** + +>With the unemployment rate historically low, consumers are encouraged to spend. Credit card debt rose by $57 billion last year. + +>Low interest rates are making mortgages cheap, driving additional debt. The average rate on a 30-year mortgage fell below 4% in August for the first time in nearly three years. New mortgages, including refinancing, jumped to the highest volume seen since 2005. + +>Year-over-year, total household debt rose by $601 billion. +The Federal Reserve slashed interest rates three times last year and since then, Chairman Jerome Powell has signaled the central bank plans to take a wait-and-see approach for this year. +On Capitol Hill this week, the Fed chairman told lawmakers that the US economy is still in "a good place," but that policymakers would act as needed to continue the longest-running expansion on record, now in its 11th year. + +>Student loan debt also continued to rise in 2019, topping $1.5 trillion -- but its growth has slowed. Student debt climbed by $51 billion last year, well below the $114 billion increase reported in 2013. About 11% of the student loan debt was more than 90 days delinquent -- about the same as it was during the previous quarter. + +>But delinquencies are rising faster for credit card debt holders. +"Transitions into delinquency among credit card borrowers have steadily risen since 2016, notably among younger borrowers," said Wilbert Van Der Klaauw, senior vice president at the New York Fed, in a statement. + +[Source](https://www.cnn.com/2020/02/12/economy/us-household-debt-record/index.html) + +E: bolding mine +I’m sure others have encountered this so I’m curious how you handled this high class problem. + +How did you deal with leaving one company that went on to extreme success where you had a pivotal role only to join a company that floundered? Basically leaving because you had “nothing to lose” (given your ‘fat’ status) and you wanted to take on a more fulfilling role, only to fail and realize staying in place would ha e resulted in extreme success (basically multiples of your fatfire level)? + +I know it’s a high class problem in terms of money (you either have a lot or whole heck of a lot) but it is difficult to deal with the lost opportunity from what was a bad decision in hindsight. And it is something I am dealing with right now, so I’d appreciate if you indulge me. Thank you +I was listening to [this planet money episode on social mobility](https://www.npr.org/2022/08/08/1116398427/the-secret-to-upward-mobility-friends), and it really got me thinking. I came from a working class background. Even putting money aside, there were *so many things* I needed to learn to get where I am now. Things we weren't taught in school. Things I sure as hell wasn't taught by anyone I grew up with. I didn't even know what I didn't know. If I had been taken under someone's wing and given gentle guidance towards various things, I'd probably be twice as well off as I am now. + +Have you guys done any mentoring? Are there any organizations you'd recommend volunteering with? If you haven't considered it, I'd encourage you to do so. Most of the FIRE movement, and this group especially, have knowledge (not just FIRE, but business acumen, etc) that could change people's lives with the right motivation. I especially liked the example of the personal trainers in the story. I think that sort of mutual benefit thing is an *excellent* idea. +RE prices have shot up in many markets, so im curious as to what RE investors are upto in this sub, are you still buying real estate or where are you putting $$ for the time being if not? + +Im in a major city in Canada, and 93% of my portfolio is split across residential/commercial properties around the city with the other 7% being in indexes in RRSPs. I sold off my least favorite residential property which appreciated 50% in the last 2 years and got an amazing deal on a retail commercial unit, however it was a distressed private sale I had to close quick on with all cash, and later I refinanced low 6 figures out of it @ 4% which I am looking to put somewhere but good deals are becoming increasingly hard to find. + +I was thinking of finding older houses with good lots to redevelop in a couple years but i've gotten outbid on the last 4 houses I tried to bid on way beyond what makes sense. Condos in my city either break even or are cashflow negative currently, but I believe there is potential for appreciation due to the rise in materials/land value, and the price of condos has only increased around 5% since covid, while materials have more than doubled, and other detached houses have gone up like 30%+, and this is the only sector of housing that is affordable for new buyers but I am still debating if this is even the right move to make. \[All new pre-con condo projects are building at 1400-1500psf, while resale is currently at 1k-1.1k, and was higher pre-covid\]. + +Any suggestions would be great, thanks. +The U.S. Mint just admitted [they can't print enough](https://www.reuters.com/article/usa-precious-coins-demand/us-mint-unable-to-meet-demand-for-gold-silver-bullion-coins-idUSL1N2K82XU) silver and gold coins to meet demand. CNBC has it wrong - this didn't start with WSB. People are losing faith in the dollar and wanna hold fucking metal. + +You don't think there's a shortage? Go try to buy a 1,000 ounce bar of silver. Google it. If you happen to find a dealer who isn't out of stock, you'll be paying an insane premium over the spot price. + +I'm not gonna get into all the silver manipulation conspiracies. Let's stick to Retard Economics 101: if there's a shortage of the good it means the price is too damn low. + +Because of the differential between the physical spot price of silver, and the futures price in the COMEX there's an arbitrage: Anybody with any serious cash today could take silver delivery from the COMEX at $27, and quickly flip it for well over $30. Futures deliveries last year were already at a record: + +&#x200B; + +https://preview.redd.it/djlle4wb8hh61.png?width=1466&format=png&auto=webp&s=bd198b6fa8db58121a9654f2e46fe668ec342268 + +But the amount of folks standing for March delivery might just break the bank... because there's just not enough Silver to deliver to everyone who wants it. That's why (as another WSB post already detailed) The SLV ETF amended their prospectus to basically say [we can't actually get the silver that we need.](https://twitter.com/BullionStar/status/1360703958029905921) + +If silver futures start creeping up, this thing could completely snowball. Because those industrial consumers of silver - Tesla, Apple, Medical stuff - absolutely cannot afford to have their production lines shut down for a month because of one input, and will pay anything to make sure they get those 1k bars in hand. + +How to make tendies? Look what happened to AG and SILJ a few weeks ago when Silver went up 9%. Those two tickers FLEW. Buy calls on them for July if you're responsible, April if you're a degenerate gambler. + +How to do your part and make sure the squeeze happens? Buy PSLV. That fund is going to actually take delivery of 1,000 ounce bars on your behalf. + +Positions: $PSLV shares, $AG July calls, strike 20, $SILJ August calls strike 25. + +DON'T BUY $SLV + +EDIT: I received a message from a smart dude suggesting that this news actually means that $SLV is vulnerable, and buying it is also a direct way to create tightness in the silver market. Could be. Don't know. Good luck out there. +Hello everyone, Jan 2021 Ape here. Boy has this been a long journey, and thanks to all the excellent DD that's been posted here I've grown several wrinkles. Out of all the wrinkles, the most important thing I've learned so far has to be DRSing and why removing the shares from the DTCC ensures that I 100% own the shares. The second most important thing I learned was from Ryan Cohen himself when he invested in Gamestop and then Bath company, which are both undervalued and overshorted retailers with extremely low floats. This creates two scenarios based on whether or not Gamestop reaches its ATH again (before skyrocketing to phone number territory, of course) + +Scenario 1: GME hits ATH, all apes are in the green, stock is moon-bound + +This is what I think most likely happens as all the DD in the world hasn't disproved the MOASS theory. DRS will be proven to be influential at a minimum and pivotal at best. The idea spreads en masse to other stocks as new investors get priced out of Gamestop at 4, 5, 6 digits etc. + +Scenario 2: Black Swan happens and GME loses all value proposition (marketplace fails, company moves away from blockchain, shares issued for no reason, executives receive fat cash bonuses) + +This scenario is a shf's wet dream, their "one way out" that I imagine is what keeps them going. Knowing what we know about Ryan Cohen this is all obviously unrealistic, but if you entertain the idea, short hedge funds still can't win. The gameplan is all laid out there for apes to find another float to lock up through DRSing, demanding share dividends, and requesting the company to withdraw the shares from the DTCC if needed. + +This is why hedgies r fuk. + + +Buy hold DRS GME +Bill Gates was just interviewed by Erik Schatzker because he's at the Annual +Banking and Financial Conference in Boston talking about his foundation's +initiative to help the unbanked. A couple minutes in this question gets asked: + +**Schatzker**: Some of what you just described, the need to move money from place to place, +the cost of doing so, the overhead as you put it makes me think, believe it or not, +of Bitcoin because some people have said, "Hey Bitcoin is the answer to those +problems". Are you a believer? + +**Bill Gates**: Bitcoin is exciting because it shows how cheap it can be. Bitcoin is +better than currency in that you don't have to be physically in the same place and +of course for large transactions currency can get pretty inconvenient. The customers +we're talking about aren't trying to be anonymous. You know they're willing to +be known so the Bitcoin technology is key and you could add to it or you could +build a similar technology where there's enough attribution that people feel +comfortable that this is nothing to do with terrorism or any type of money laundering. + +Thanks to one of our CEOs here's the link: http://www.bloomberg.com/video/bill-gates-bitcoin-is-exciting-because-it-s-cheap-dQ4qHV4~TLSnUIuIRfZBVA.html + + +I currently live with my parents and pay £400 of their £1200 rent monthly. Additional expenses are £100 monthly. All I've had after graduating last year are temporary jobs and currently I'm doing a 2 month internship for a FTSE 100 company. Currently earning £1.5k before tax. + +Pointing out the obvious and trying to find a full time role, what would my next course of action be since I have £10k saved up pretty much doing nothing? I want to move out ASAP because I want to experience life more and be independent (realised I've been super sheltered and I've had enough). + +However, I've just seen that I have to pay around £50k in student loans and I also want to make an effort to reduce that. I know my current standpoint is less than ideal to warrant moving out, but what steps can I take to move faster towards this goal? +So I'm a bit of a finance noob, and ive just been putting money away into my everyday savers account. I've got £10k in there at the moment which will be using as a house deposit, but all 'help to buy' and Lifetime ISA's I've looked at have limits on how much I can deposit. I'm looking to get my own home by the end of this year, I'm just not sure how to maximise the benefit from the government? + +Any advice appreciated, TIA. + + +*Edit* Hi all, really appreciate the advice, purchasing my first home this year is not a necessity, would I be better positioned to wait a bit longer? If so how long? +I am not too personal-finance-savvy, but trying to plan for retirement. 28M, salary of £55K with a pension pot of £29K and an aspiration to retire by 60 at the latest. My partner is older than me with a lesser income and she is ignorant of her pension. I would rather we retire at a more similar time but that means saving more now. + +Fidelity's default strategy puts 30% of contributions to a lower risk fund with a high percentage of bonds. That minimises risk and reduces the number of people asking why their pension pot has taken a massive dip, but I am young enough to ride the waves... I have changed Fidelity's strategy to index funds instead (20% UK, 80% ex UK) with low-ish fees (0.31% pa). I have increased my pension contributions totalling £930pm as we get a generous input from the employer. + +After using multiple calculators giving vastly different figures, I am still unsure if I am going to be saving up enough. Assuming a high 8% growth rate I would expect £28k pa at age 60 (with no state pension) which sounds about decent, but that's the best case scenario. The final pot is just around £930k (with tax free cash of £230k). + +What do I do? +>Palantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars and inviting customers to pay for its data analysis software in gold. + +>The company spent $50.7 million this month on gold, part of an unusual investment strategy that also includes startups, blank-check companies and possibly [redacted]. Palantir had previously said it would accept [redacted] as a form of payment before adding precious metals more recently. + +>A spokeswoman for Palantir said no one has yet paid in either [redacted] or gold. Accepting nontraditional currencies “reflects more of a worldview,” Shyam Sankar, the chief operating officer, said in an interview. “You have to be prepared for a future with more black swan events.” + +>The gold purchase was buried in a securities filing last week for its quarterly financial results and reported earlier this week by Barron’s. The acceptance of gold as a form of payment hasn’t been previously reported. + +>Palantir’s 100-ounce gold bars will be kept in a secure location in the northeastern U.S., according to the filing. “The company is able to take physical possession of the gold bars stored at the facility at any time with reasonable notice,” Palantir wrote. + +>Palantir, co-founded by the technology billionaire Peter Thiel and Chief Executive Officer Alex Karp, makes software used by governments and businesses. It fashions itself as a company of free thinkers. Palantir relocated to Denver last year and mocked its peers in Silicon Valley on the way out. In the interview, Shyam compared Palantir’s culture with an “artist colony,” rather than a tech company churning out software on an assembly line. + +>Governments have strongly embraced Palantir software to help them make sense of the coronavirus pandemic, the current so-called black swan, a random and unpredictable event. + +>The company has some $2.3 billion in cash and is exploring creative uses for that money. Palantir said in May that it was considering investing in [redacted]. And it’s taking stakes in startups that are customers of Palantir software, an approach that helped buoy sales results in the second quarter. + +https://www.bloomberg.com/news/articles/2021-08-17/palantir-buys-51-million-in-gold-bars-accepts-payment-in-gold + +Thought this was quite interesting. Palantir is loaded with data, I wonder what they know that we don't for them to start buying and accepting actual gold as a hedge against a black swan event they seem to think is going to happen. +Went to sleep late last night with three heavy positions open: + +* Long BTC/USD +* Long ETH/USD +* Short ETC/ETH + +Jesus, a 50% jump on Ethereum must have generated at least a few overnight lambos. + +When I woke up [I liquidated a hundred grand or so...](https://twitter.com/fomoer/status/866595528129236992) then decided to up the ante before leaving to Conensus in NYC. + +I have a good feeling that today's markets will rally hard. I've got a low 7-figs riding on Ether, Bitcoin and (short) ETC today and I'm sure many of you are in the same boat. + +Looking forward to the ShapeShift announcement at 2PM. + +Congrats, and the best of luck to everyone today. +Hi all. + +/r/personalfinance didn't seem to help, and this seems like a topic for here anyways. + +If I buy, e.g. VTSAX every 2 weeks, including yesterday. does that mean I am totally unable to tax loss harvest ever? The wash sale rule states that I cannot buy the fund (or anything "substantially equal") 30 days before or after. What about the shares I bought like a year ago? CONFUSED and searching online doesn't help much. + +Thanks! +I have different brokerage, 401K, and crypto accounts (also properties and mortgages). I’m currently using Personal Capital but found them to be too spammy with upselling service. + +What are you currently using? +Considering the high net worth of this group, a monthly paid option to avoid spam calls will also be great! +Hello all, + +Single male about to become a home owner of a 3 bed, 2 bath house. My best friend and I (since 7th grade) have always wanted to move in with each other so we could game and just be homies and support each other. + +He plans on joining me once he handles things on his end. I should have the house before then. + +Initially he wanted to go 50/50 on the house buying process, but based on our current locations and situations, I deemed it as a terrible idea. We're not homosexual, so we'll never be married to each other, and buying a house with someone you aren't married to sounds like a terrible idea if one person experiences a life changing event and needs to move. + +So I went ahead and bought the house and I'm just going to charge him rent at a homie discount to live with me. The purpose of the rent is solely to help me with the mortgage, as interest rates have made monthly payments a doozy. + +My question is: Should I create my own LLC and treat him like an ordinary tennant? Or should we just do everything as is with promises of rent being paid? He IS my childhood friend and I have no doubt in my mind that we'll ever come to some sort of quarrel, but there's a voice in my head telling me to do this officially. + +That being said, how would you all handle renting to someone but also living in the same house? Should I just print a blank rent agreement from online and have him sign? Should I open up an LLC? + +I plan on charging a flat amount for the room (with the homie discount) plus 50% of all utility bills, since we'll be using that equally. Is that fair? +Brian Armstrong: + +Coinbase didn't sign the industry letter because I think the intention behind it is wrong. +On the surface it is a communication about how exchanges would handle the hard fork, and a request to BU for replay attack protection. But my concern was that it was actually a thinly veiled attempt to keep the BTC moniker pegged to core software. I think a number of people who put their name on it didn't realize this. + +A couple thoughts: + +Certainly it makes sense to list forked assets separately on exchanges, especially during periods of uncertainty. But it doesn't make sense to say BTC can only be modified by one development team. If there is overwhelming support from miners and users around any new version of the software (regardless of who wrote it), then I think that will be called Bitcoin (or BTC). + +The replay attacks are a real concern. We spent some time talking with Peter Rizun from BU last week and he/they seem very open to hearing ideas on replay attack protection and coming up with solutions, which was great to see. It is not as trivial for them to add as I originally thought, because it seems adding replay protection would break SPV clients (which includes a number of mobile wallets). We as a community could probably use more brainstorming on how to solve this generally (for any hard fork). I'll make a separate post on that. + +I think regardless of what was stated in the letter (and people's personal views), pretty much every exchange would list whatever version got the overwhelming majority of miner and user support as BTC. I also think miners know this. + +A number of exchanges (GDAX, Poloniex, Gemini) didn't sign the letter, or later clarified their position on it (ShapeShift, Kraken), so I think there are a variety of opinions out there. +I think creating public industry letters that people sign is a bad idea. They haven't been very effective in the past, they are "design by committee", people inevitably say their views were not accurately represented after the fact, and they tend to create more drama. I'd rather see private communication happen to move the industry forward (preferably on the phone, or in person - written communication is too easy to misinterpret people's tone). Or to have each exchange state their own opinion. + +My goal is to have Coinbase be neutral in this debate. I think SegWit, BU, or other solutions could all be made to work in bitcoin. We're here to provide whatever our customers want as best we can across all digital currencies, and work with the wider community to make forward progress. +I got asked to write this post to explain my opinion on GME's option trading and why I think buying far OTM (C800) etc. is actually bad for everyone trying to watch the price rise. + +Before we get into any real discussion standard legal shit: + +* I'm not a financial advisor +* I'm not a pro +* This is my opinion and not advice + +My position: + +I'm basically completely bled dry so I only hold one 3/19 C300 and yes I know it's a long shot but I'm deep into other positions. I got the call because I begrudgingly love this sub and the autists that frequent it. + +Okay, so people want to buy FD's and get paid but it's important to understand what you're actually doing when you buy that option and pay that premium. + +I am hoping that I won't be downvoted to oblivion because I'm actually trying to help people understand as much as I can and be more successful. I'm not an expert so this is my best understanding of how options work. + +&#x200B; + +Let's talk about options... + +## Strike Price + +A strike price is the set price at which a derivative contract can be bought or sold when it is [exercised](https://www.investopedia.com/terms/e/exerciseprice.asp). For [call options](https://www.investopedia.com/terms/c/calloption.asp), the strike price is where the security can be bought by the option holder; for [put options](https://www.investopedia.com/terms/p/putoption.asp), the strike price is the price at which the security can be sold. + +[https://www.investopedia.com/terms/s/strikeprice.asp](https://www.investopedia.com/terms/s/strikeprice.asp) + +the strike price is what everyone screams about and it's the magic numbers we want to watch the price go to in order to ensure our options are In The Money (ITM) If options are ITM that means that your option has value, even if it doesn't go past the point where you hit a break even ( which ideally you want to see to realize a profit) All option contracts that are ITM are subject to potential exercise and this is where the magic happens. + +Options that expire OTM are worthless. All those 3/5 C800, yes all 30,000 of them that expired? Free money to the people that sold them to you? Why did you give free money to the people that are going to spend it to try to stop you from making more money? Well probably because you didn't understand what you were doing. + +&#x200B; + +# Premium + +This is the money you paid to the option seller. The hedge fund, the market maker, the theta Chad trying to fuck your wife's boyfriend's girlfriend. You need to keep in mind that this money goes directly into their pocket and they don't just put it away for a rainy day. They may do shit with that money to increase their chances of being correct and your chance of being out of the money (OTM) + +&#x200B; + +## Delta + +Delta is the ratio that compares the change in the price of an asset, usually [marketable securities](https://www.investopedia.com/terms/m/marketable_security.asp), to the corresponding change in the price of its [derivative](https://www.investopedia.com/terms/d/derivative.asp). For example, if a stock option has a delta value of 0.65, this means that if the underlying stock increases in price by $1 per share, the option on it will rise by $0.65 per share, all else being equal. + +[https://www.investopedia.com/terms/d/delta.asp](https://www.investopedia.com/terms/d/delta.asp) + +At-The-Money options typically have Deltas hanging around .5 ($.50 per $1 of underlying price movement) where as far OTM calls have extremely low Delta because they're still extremely unlikely to expire ITM. Options that are ITM already have Delta's around 1($1 for every $1 of underlying price movement) because every gain is seen as a profit because you're already past the point of probability. + +&#x200B; + +## Gamma + +Gamma is the rate of change in an option's [delta](https://www.investopedia.com/terms/d/delta.asp) per 1-point move in the underlying asset's price. Gamma is an important measure of the convexity of a [derivative's](https://www.investopedia.com/terms/d/derivative.asp) value, in relation to the underlying. A [delta hedge](https://www.investopedia.com/terms/d/deltahedging.asp) strategy seeks to reduce gamma in order to maintain a hedge over a wider price range. A consequence of reducing gamma, however, is that [alpha](https://www.investopedia.com/terms/a/alpha.asp) will also be reduced. + +[https://www.investopedia.com/terms/g/gamma.asp](https://www.investopedia.com/terms/g/gamma.asp) + +&#x200B; + +Gamma incorporates time. Gamma will be low and look much like a bell curve with respect to time. When time decreases the price of the option is extremely sensitive to time because you have less time to see your option change in value. ITM options become increasingly more likely to expire ITM and OTM options become increasingly less valuable because it would take a fucking miracle to make them ITM. + +&#x200B; + +# Let's talk about orders and price movement a little + +What makes selling an option safe? What makes it risky? Ask yourself a simple question. if you want to be successful are you move likely to sell an OTM call at C50 or C500. Obviously you're more likely to not get assigned your call exercise if your strike price is higher. How can you understand the risk? + +A few key concepts + +&#x200B; + +# Volume + +Knowing how much buying and selling happens on a regular basis can inform your intuition as to how much volatility you might expect. If you see a stock with a volume of 1M you might assume from that the chance of volume of 100M is very low. + +&#x200B; + +# Holding + +Holding your shares of your stock does a few things when we consider basic economics + +* It lowers the supply of the desired underlying. +* It may not have any effect at all on the demand +* Smart people will look at a 'cult' of people holding and understand that this is a 'control' or a constant rather than a variable on which they can incorporate to make decisions. If you know people won't sell suddenly and that if you can presume that they have no more buying your a portion of your risk is mitigated by the simple fact that you are concluding a buying frenzy is unlikely to occur => making sold calls safer. + +Consider the bloodbath of the past few weeks. Stocks are tumbling but GME... it's basically stayed very consistent. Some stocks are down 20/30 percent, but GME is basically flat. How? people aren't selling and they also aren't buying that much. + +&#x200B; + +# Open Interest + +Open interest is sometimes confused with trading [volume](https://www.investopedia.com/terms/v/volume.asp), but the two terms refer to [different measures](https://www.investopedia.com/ask/answers/050615/what-difference-between-open-interest-and-volume.asp). On a day when one trader who already holds 10 option contracts sells those 10 contracts to a new trader entering the market, the transfer of contracts does not create any change in the open interest figure for that particular option. + +No new option contracts have been added to the market because one trader is transferring their position to another. However, the sale of the 10 option contracts by an existing option holder to an option buyer does increase the trading volume figure for the day by 10 contracts. + +[https://www.investopedia.com/terms/o/openinterest.asp](https://www.investopedia.com/terms/o/openinterest.asp) + +# What strikes are people buying calls for? (expiry 3/5) + +&#x200B; + +|Strike|Open Interest|In the money?| +|:-|:-|:-| +|30|63|Yes| +|40|598|Yes| +|45|4612|Yes| +|50|1597|Yes| +|135|\~5500|Yes| +|140|\>14,000|No| +|250|4854|No| +|300|5446|No| +|800|\~30,000|No| + +All the ITM calls retained value and can be sold or exercised. all OTM calls are worth NOTHING. + +&#x200B; + +Is there any surprise that it ended up this way? Ending the week above $140 would have caused option sellers to either buy back or get assigned for 14,000 \*100 =1,400,000 shares + +&#x200B; + +# If you were an option seller, and you were smart enough to buy GME at $50 and you sold covered calls or naked calls at $140 and you saw it at $140 what would you do? + +* Sell your shares to lower the price +* Consider shorting it to lower the price +* Buy the underlying to hedge against the oncoming ass fucking (this is a gamma sqz) +* Literally anything but give retards on wsb 1.4Million GME shares worth of money. + +# Here's a list of the things you would NOT do + +* Stop selling super deep OTM (C800) calls +* Stand by and watch and risk losing your 5th yacht while working class assholes take your money + +&#x200B; + +Jail is for poor people, never forget that. It's not for rich people. + +&#x200B; + +Let's look at what some folks are buying these days + +&#x200B; + +https://preview.redd.it/0kcgnkle5cl61.png?width=579&format=png&auto=webp&s=346f279562a639f270f3aace65f050af4066a58d + +https://preview.redd.it/ycm0qj1d5cl61.png?width=534&format=png&auto=webp&s=fd7f30c9ba32c1bbe354bee1b350dca3af680ab8 + +[Do you guys see what the problem is yet?](https://preview.redd.it/jzu7qymu3cl61.png?width=570&format=png&auto=webp&s=1407dcfa5492f20d740b073dad7c9c91f0f702e6) + +People are spending their money buying these retarded calls that have no chance of success. + +&#x200B; + +Remember when I said earlier that if you sell a call and you have money it's in your best interest to use that money to increase your chance of success? + +It makes sense to spend as much much as you need to to mitigate risks. If you winning cost them $100,000,000 and it will only cost them $99,999,999.99 to make sure you don't expire ITM, guess what... + +THEY'RE GOING TO DO THAT THING. + +This is the basic economics of opportunity cost. For you retards that didn't take economics or don't read it means the valuable path is derived by comparing it to all other paths. + +&#x200B; + +Obviously they're not spending all of their premium to make sure options expire ITM, if they were it'd be a bad trade to begin with. These folks are smart, they know math, understand probability and have a deep understand of options arbitrage, orders, limits etc. + +&#x200B; + +# So what am I saying? + +# TLDR + +Buying super far OTM calls is fucking retarded. You're just handing the people you're trying to beat free money. It's harder to win when you keep giving all the advantages to the people you're trying to take money from Yes of course they could become the biggest gainers but they are the last calls that will become profitable. So say we had a gamma sqz to 790 and you hold until near expiration. Guess what? Theta(option price decay over time) murdered all your money because you wanted to spend all your cash on the absolutely least likely successful call. + +Buying ATM/ or close OTM (Next Strike) has a very real possibility of actually making you money. Those options might actually cause a price increase. + +If people who bought calls were stacked ATM near the current market price this could very easily start a gamma squeeze. Every seller doesn't want to get fucked so every single one of them is going to try to cover their own ass. + +Like if the options were something like + +* 135 - 15,000 +* 140 - 12,000 +* 145 - 20,000 +* 150 - 15,000 + +# SUDDENLY + +All of the call sellers become potential panic-buyers afraid of losing their Manhattan condo. + +Do you see the difference? Every time a strike is hit the next strike becomes almost destined to be hit. The amount of shares needed to cover those sold calls forces the price up if they're exercised and it's a mathimagical chain reaction. The important thing to look at is what is the volume of limit sells between the strike prices? if there isn't enough shares between strike prices that are within that price range it $135 going ITM makes not only $140 to go ITM but now suddenly $145 may become ITM and we haven't even dealt with $140 yet. Do you get it now? + +Don't come at with that bullshit like I'm a shill or bot either check my history I was posting DD pre-GME craze. + +If you think I'm wrong => cool. But don't downvote me because I'm trying to help you. I wish all of you the best and I hope GME goes to $1,000 and Biden legally classifies DFV as the first living deity in human history. + +&#x200B; + +EDIT: Yes I'm fully aware that you can buy far OTM calls and sell them later before expiration and realize gains if the price goes up. Day trading option traders are not the target audience of this piece so fuck off kindly. + +If you liked my post you can check profile for other shit I've written and also proof I was in on GME + +&#x200B; + +EDIT2: Not specifically advocating for it but 3/19 is the 'quad witching' day and that typically sees crazy option levels as I understand. + +&#x200B; + +EDIT3 on 3/8: Yeah so If you heard me out and bought a C150 or C160 You'd basically be ITM literally right now as of 3/8 before lunch. Have fun all. +Assuming you have a well rounded portfolio already and have maxed out all taxed advantaged accounts. I buy a handful of shares of attractive companies occasionally, but I would like to know what the community thinks. The money comes from a rental, I own, so it’s cash free and clear to spend. I don’t have any debt except the rental. + +Most of my money goes back into investments and I live without many bills every month. Ideally I think the money should be split across ETFs but sometimes $500 is hard to split depending on the cost of a share. I’m pursuing cash flow and not chasing high returns. I have 10k already invested this year. + +What would you buy considering A 50/50 split between stocks and dividend ETFs? + +Horizon is 35 years to age 65 but I plan on retiring much sooner if I can achieve $1000 a month. Currently making slightly over $3000 a year in cash dividends this year. + +ETFs I currently hold: +VFIAX +VDIGX +VIG +VYM +VIGI +JEPI +SCHD +I want to achieve financial freedom through passive income (we all do right?). Let's assume I have 2 million USD: + +Option 1: invest in high dividend yield ETF (3% per year in dividends) + +Option 2: invest in S&P 500 (take out 60K USD per year, for income) + +30 year horizon. +30 years of age. +Married with childeren + +I love the idea of passive income through dividends, yet, with this long of a horizon, wouldn't it make more sense to invest in the S&P instead, and just sell some each year for income purposes? It seems that historically, this would have gotten me better returns and still the option of passive income. + +Could you kindly share your views on this? What would you do? Am I overlooking something? +I am looking at the dividend yield of ING and it sits at around 10% right now. I am just wondering if people believe this is a yield trap (dividend will get reduced, etc.) or just a bargain. +Good day all. + +I’ve recently started venturing into investing outside of a passive index fund. + +Ive asked this question to other groups regarding dividends but they tell me total return is greater than getting dividends. I wanted to see if I could get any reply here. + +I’m 37. I was interested in SCHD in a taxable account and with time I could build it up and receive a small but supplementary dividend from it. I was discouraged from dividends and told that if I ever needed the money from a share I could just sell the share versus getting dividends from them. But at the same time I see so many people on Twitter with names such as “dividend investor” and “dividend lover” and “dividend hustler” etc. etc. + +Wanted your opinions if possible on dividends versus growth/total return? + +Thank you all! My apologies if my thinking wasn’t cohesive. +Some people may not realize but El Salvador's main currency is the USD. It is used there as currency for everything, from savings to expenses. + +But the main difference is that unlike USD, the Salvadorean central bank can't print more of this currency. This is fine if the supply of the USD doesnt go up. But when 22% of USD in circulation was printed in 2020 alone, and almost all of it has gone just to support USA, this is a big problem for countries that have adopted the USD based on trust but now find out this was a huge mistake. + +Salvadoreans find their savings are fast losing purchasing power, but unlike USA they dont have any stimmy checks to cash in, and their earnings and average household income isnt going up to account for the massive inflation of USD. Essentially, they are experiencing a mini-Zimbabwe like situation even though they are using USD. + + +They can either go back to their own currency, or just adopt cryptocurrencies which have all the characteristics of fiat currencies except they cannot be manipulated at will (atleast the ones that have proven themselves) +Possibly been said before, but just in case you haven’t seen or don’t do DD... + +For GME, please check out the number of $600-$800 calls from March thru Jan 2022. Insane increases, up 80,000% in some instances. + +Shills, bots & trolls trying to kill the vibe in WSB & here but check the numbers being hedged big time. + +Not a financial advisor, do your own DD, just a comfortable ape 🦍 holding 130 shares at $3 and watching the show that seems far from over 💎🙌💎🙌 🚀🚀 +Hi folks, I recently went through this and thought I'd share my experience as others might find it useful. Especially as at 1.75% the amount we're paying the student loans company is better than any interest you'll get from a bank. (strangely the gov website says plan 1 loans are at 1.1% at the moment but the SLC website still says 1.75% on my account, anybodies guess) + +So if you're near the end of your loan then you'll get a letter (if you've kept your addresses up to date) advising that you can switch to direct debit rather than paying through PAYE. + +Direct Debit this has a couple of benefits. + +1. The Student Loans Company collect the money direct from you, rather than the PAYE system where they collect once a year from HMRC. This means that rather than only being able to give you an estimate of your balance (as they haven't gotten the HMRC payment unless you're calling in April), they can keep an accurate balance month on month. +2. When you finish the repayments you stop paying, with the PAYE option there are a lot of cases of folks overpaying for the year as payroll in your company don't know your student loans balance they just continue to collect the regular amount based on your income often until the end of the tax year. This means the student loans company end up owing you money and there are cases of it taking years for them to pay it back. + +So switching to direct debit seems like a great idea right? Well there are some downsides. + +1. If you lose your job you need to make sure to contact the SLC right away to cancel the DD, this will then revert you back to PAYE which of course you will only pay once you are earning above the threshold again. +2. The amount they wanted to collect via DD (which I couldn't modify) was actually higher than what I was paying through PAYE which seemed odd. Not an issue really as it was an extra £30 a month but seemed a bit silly. + +How does it work? Well this is how mine went but your mileage may vary. + +I called the SLC, provided my income and any payments that I had made in this tax year. They then quoted the direct debit value, asked if I wanted to proceed and read the usual DD guarantee wording. Interestingly they don't expect HMRC or payroll to be particularly efficient so as part of setting up a direct debit you actually end up with a 2+ month payment holiday to ensure you don't end up double paying so I'm now due to start paying from August (obviously during this payment holiday you're still accruing interest, and at the moment, at 1.75% that's higher than any of your savings accounts). I had 14 payments to make with a final payment being adjusted to just pay any outstanding amount. + +One important note: The direct debit option on the website is for supplementary payments not to switch your repayments to direct debit according to the person I spoke to. So be careful not to set that up thinking they'll cancel your PAYE payments. + +Oh and another thing you can go and make a supplementary payment at any time from your online account. + +As it happens I've decided to pump my savings into my student loan and clear it down once and for all as I'll pay more interest to the SLC than any of the banks will pay me to save it at the moment but I thought it would be worth sharing the above as some folks might find the above useful. More official info and how to get balance and details of your loan can be found here [https://www.gov.uk/repaying-your-student-loan](https://www.gov.uk/repaying-your-student-loan) +Hi. I'm currently in a difficult situation and I was wondering if anyone would be able to help me. + +I'm a single 21 year old guy living in a bedsit council flat on benefits. I was homeless a few months ago due to being kicked out of my parents house. I've been trying to get a job, but my current income isn't enough to cover travelling past walking distance so it's made things difficult. + +To make a long story short, my Universal Credit (benefit) has been sanctioned for a reason that wasn't my fault and the jobcentre has accepted no responsibility leaving me with £131 to survive until the 13th of October. I'm not good with money, but at the moment my living costs are about £40 per month for utilities and £15 per week for food and drink and I've been trying to find ways to cut these down further. + +I have no family to support me and no friends that I can rely on to help me get by. I don't live in walking distance to a food bank. I'm not 100% sure what type of advice I'm expecting, but any advice relevant to my situation would be greatly appreciated. + +I've also posted this in some other relevant subs as advised by some redditors + +EDIT: I'm overwhelmed by the support that you guys have all shown me! I may have said this about a hundred times already, but I appreciate each and every one of you! +[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/) +We've had a few red days. Let's learn some lessons from each others' mistakes and have a few laughs. + +I'll start - bought CGX after the crash at around $12, before the Cineworld deal fell through. Thankfully it was less than a thousand so I've just considered it a complete write-off, and will hang on to the bottom just for jokes in case of a complete miracle. + +Edit: to the people posting the times they cashed out their profits too early - I feel your pain, but are you saying you've never had a loss before? Leaving money on the table isn't dumb, it's prudent to take your profits and walk. +I have just under $7,000 in student loan debt. I just recently received a settlement from a lawsuit and have enough to pay off my student loan completely all at once and still have a decent chunk left to put into savings. I want to pay it all off and be done with it but all my friends say that’s stupid and I should continue to make regular payments and get tax deductions. Thoughts? +Hi since I’ve been 16 I have actively traded starting out with day trading I tripled my money in a week then slowly lost all my profits then I attempted swing trading and finally became an active options trader and after 2 years of active trading, reading books, practicing, trying new strategies. I have yet to get to the point where I am confident and consistent in trading. If anyone else relates to this, how did you persevere from this hopeless feeling? +Hello, I'm an XX HODLER from some point previous to today's date. I deleted other forms of social media from my phone and this is pretty much all I have left. It's the weekend so there's not as much DD to read. So I just wanted to double check. MOASS is still tomorrow right? If not, there's always the next day. Just double checking that it could be tomorrow? + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: Holy crap this blew up more than I was expecting lol, thank you for the awards! This is the best community! +For me financial independence means more than just having FU money. I have frequented the subreddits of r/simpleliving and r/minimalism for quite some time. I try to cut my consumption, live with less things and stuff. I am also a big believer that enviromental climate change is going to be one of the biggest challenges we will experience in our lifetime and that we all will have to make some sacrifices. I feel like r/stoicism also fits well with r/financialindependence, staying strong against the societal preassures of doing what everyone else believe is the correct way to live and consume. + +So what is life quality really? It it having good health, being content, having good friends? Or is it owning a BMW, and OLED TV, iPhone X, being able to buy starbucks everyday, going on expensive vacations? If you have enough money you can ofc. do both, but for me FI means prioritizing the first three and ditching the status symbols and excessive comfort. +This is one of the first years I’ve been doing extremely well financially. My daughters 3 and I’ve always wanted to have a big Christmas for her, and it looks like this year I can actually afford it. Is it stupid to spend a ton on a 3 year old? What’s an accept amount? I also don’t want her growing up and thinking she’s “better” than other kids for having more, because I grew in absolute poverty and it didn’t feel good at all. I guess I’m trying to keep her humble while also giving her a good childhood. +I'm a British citizen and I look at the US market with envy. You have all the best tech, you have beastly companies worth hundreds of billions to trillions of dollars, you have a super strong currency dating back decades. You are always innovating and creating the next generation of companies and you even have 2 private space companies... On top of that you have so much land and resources and a very powerful military capable of defending all that you have. + +Why would I put my money anywhere else except for the US? Even Warren Buffet says never bet against America and he is right, not because he is an American but because of what America is... A nation of innovation and work ethic. + +Sure in the very short term the USD might retrace a bit or the S&P might underperform but in the long run the US always wins and it seems it always will. The US is already the market leader in future technologies like AI, Space, Robotics, Bioengineering etc. So why do you bother investing in any other country besides the market leader? +BCH is having another go at dethroning Bitcoin. It started a few hours ago, same tactic as before, pump their coin over a few days, use their Chinese mining buddies at Antpool and associated pools to exclusively mine BCH all around the time there is a difficulty adjustment for BTC. It's no secret, they have admitted its part of a plan. + +Last time they attempted to tank BTC it was their investors/supporters that lost out. This is not about scaling or the ideology behind Satoshi's vision, its about greed, power and revenge. This useless, irresponsible game of thrones is pulling this space down deeper into the gutter.. how are we going to attract the confidence and trust of newcomers with this sort of nonsense going on? +As members of this space we all have an obligation to each other to keep it self regulated, act in a mature responsible manner, to call out bad actors and to protest against their corrupt actions and lack of ethics. + +I am calling out Bitcoin Cash as a malicious fork with the sole aspiration to topple BTC and to steal its brand and market. Many of the people behind BCH are people of ill repute and the chinese mining cartel, owned by Bitmain, all are out to achieve their own agendas and they care less about the BCH community. + +They have pumped their coin a number of times and each time loyal supporters have contributed on the basis of helping the 'cause' only to loose money when the pump is over. BCH is a disgrace to the entire crypto-currency community. +I'm really not optimistic about how the gov is handling. totally bungled virus test kits... people not getting tested... and wait 3 days for a test? .... no face masks .... not enough body suits for doctors.... not stopping people from flowing travelling..... everyone still going about their biz like nothing's different. + +I have Chinese friends in China who told me all neighborhoods in all major cities on lock down. anyone going in or out must be checked. can't go in if you don't live there... and if you have fever, they take you right away into isolation centers. that's how they controlled this thing over there? + +Our gov is so blah blah on this... everybody still going around business as usual... no protection, no restrictions, still eating out, going to the gym . movies, and yes cruises!.. this will blow up big. + +2% death rate \* 300 million people? = 6 million death? And they are not not taking it seriously? +I went to the ER for a sexual assault and my insurance company paid 0 dollars and I was billed the entire amount. I checked the mail when I got off work and it’s too late in the day to call them and honestly I’m extremely anxious that’s more than half of what i make in a year. Does insurance not cover sexual assault care? I’ve been to this Er before with my insurance and I wasn’t charged but in this case I am. I have Blue cross blue shield of SC and honestly I don’t know what to do someone please help!!!! +**Preface**: +My girlfriend and I got scammed big time in Thailand to the tune of $850 USD. Below is the story of how the events unfolded throughout the day. I understand that when viewed out of context, the scam seems blatantly obvious; I have included factors and descriptions that seemed harmless at the time. I am a law graduate and my girlfriend is a business graduate. We are not unintelligent by any means. We did our research and thought we were well prepared to handle Bangkok. We were sadly mistaken. I am writing this for several reasons: after the fact, the story is quite entertaining; we have kept this story secret to everyone who knows us; and perhaps most importantly, to heed warning for those who think they are too smart to get scammed in a foreign country. + +**12pm Day of the Scam**: +My girlfriend and I finish visiting a well-known tourist attraction in Bangkok. It is our first full day in Thailand and we are ecstatic. We begin to tour the local market outside of the attraction, ever vigilant of tourist traps and pickpockets. To try to take in the local culture and get out of the tourist-centered area, we begin to walk away from the market. About 3 minutes later we are stopped by a Thai police officer. She is dressed in a polo with a “Thailand Police Department” logo and slacks. I find this odd, but assume she works a desk job of sorts. She quickly warns us that this is not a good area for tourists to be, as crime is very high in the area and asks us where we are headed. After a brief conversation, she recommends local stops to visit to really take in all Bangkok has to offer. She lists the three main stops and even leaves us her cellphone number should we encounter any problems. I ask her for a recommendation on how to get to the first stop, and she recommends a tuk tuk. I tell her of my apprehension of tuk tuk drivers because I have read they are very untrustworthy. She hails a driver from across the street and they begin to speak in Thai. She speaks very firmly to him, shows him the list, and negotiates a fair price for him to drive us to all three locations. When they conclude, she tells us the price which we are willing to accept, and that she told the driver she had his information and would cite him for violations should we call her with any problems. At this point, we couldn’t be more excited and feel very safe. + +**1pm**: +We arrive at our first destination, a local temple. We spend the next half hour viewing the temple and walking around while the driver waits. Overall, it is an incredible experience being on the other side of the world and we are both grinning ear to ear. + +**130pm**: +We finish at the temple and meet back with the driver who is waiting out front for us. He informs us that he needs to use the restroom but waited so we wouldn’t miss him and get lost. He points to his tuk tuk, down the road, and says we can go wait in it and he will be right back. We happily comply and walk over to the tuk tuk. As soon as we arrive, we notice that it is double parked, blocking in another vehicle. The owner of that vehicle then walks up about a minute later, asking if we can move the tuk tuk. We explain that our driver is using the restroom and he should be right out to move it. The man does not seem upset and says he is not in a rush. He then strikes up a conversation with us to kill the time, asking where we are from, how our holiday is going, and so on. When I mention I recently graduated law school, he seems very happy. He explains how he too was a lawyer in the United States that used to work for a well-known firm in New York City. I know the firm and begin to ask about his profession, but he seems uninterested in talking about it. He explains how he had to leave the firm to take care of his dying father back in Thailand. By no means does he look like a corporate tax lawyer from NYC, but I tell myself to stop being judgmental– this man is doing an amazing thing for his family. He then asks where we are headed, and we show him the list prepared by the police officer. He explains how lucky we are to have spoken to her, as these are lesser-known but amazingly cultural stops. The man is particularly keen on our next stop, which is illegible to us on the paper. He explains that this shop is normally only open to Thai residents, but recently opened to tourists to increase tourism. He continues on about how he had all of his suits made by this tailoring shop, our next stop, and how high quality and cheap they are. He says to take advantage of this opportunity and purchase suits while I have the chance. Before long, our driver arrives, apologizes to the “stranger” he was blocking in, and asks if we are ready to go. We leave for the second stop. + +**2pm**: +We arrive at the tailoring shop. At this point, I begin to question why a police officer would recommend a having suits made in Thailand instead of all the amazing sites to see. However, the sales people move us quickly and are great at what they do—making sales. Before long, both my girlfriend and I are measured and being talked into suits. We ultimately agree to 3 suits, 2 for me and one for her, for what amounts to $850 USD. The suits are to be custom made, with a fitting later that night, and delivered to our hotel the next morning. The salesman informs me that I must pay upfront for them to begin to work on the suits. He asks for cash, and points me to an ATM conveniently located right outside of the store. At this point I am very skeptical. I tell him I do not have cash to cover the suits, and must pay by credit card (knowing if I pay in cash I will have no recourse). We go back and forth, but when I say we will leave if we cannot pay by credit card, he budges and lets me pay in plastic (probably the only smart thing I did that day). We arrange to have the shop send a driver to pick us up for our first fitting at 6pm providing all of our contact information, including hotel name and room number. We go on our way. + +**3pm**: +We leave the shop and go to another temple. I feel uneasy and my girlfriend keeps asking what is wrong. But we are still happy, and trying to enjoy our holiday and continue with our tour. We view the temple, and the tuk tuk driver brings us to a riverboat to find our way back to the hotel. We leave and make our way back to the hotel. + +**4pm**: +We arrive back at our hotel and I immediately get on the Internet to research the shop, as I feel incredibly uneasy about the situation. Low and behold, I discover story after story of tourists being scammed by this shop. Several make mention that this shop is connected to the Thai mafia, and I read numerous stories of customers who paid cash, were physically threatened, products that never arrived, and even instances of those who went to the police and were laughed at. I tell my girlfriend and she realizes the way I have been acting and it all makes sense. We realize that the driver is scheduled to pick us up, from our room at 6pm. I begin to think of all the worst-case scenarios: mainly that with knowledge our room and knowing we will both be gone, someone may break into our room and steal everything. This scam was incredibly well thought out and involved many seemingly unrelated parties, what was to stop a hotel employee from being in on it and offering a keycard to our room? I have the front desk call the shop and explain we had an emergency occur and would not be available for a fitting tonight and would be leaving the country in the morning. If the suits could not be cancelled, just leave them at the front and do not contact us. We immediately returned to the room, dead bolted the door, and sat quietly, feeling sick to our stomachs. + +**6pm**: +At exactly 6pm, there is a heavy knock on the door. We sit motionless in bed. A few more knocks and the man eventually goes away. I can only assume the shop knew we were on to them and were trying to do everything at this point to cover themselves. + +**10pm-2am**: +At 10pm, another knock on our door. I know it is the man trying to fit us again and drop off the suits. We do not answer and pretend to be gone with the lights off. My girlfriend is terrified. From that point on, our hotel phone rang loudly, every twenty minutes, until 2am when the calls finally ceased. I know it was them calling because no hotel desk, after being explained the situation, would call a guest’s room so persistently, so late at night. We never answered the phone. I sat awake in bed, all night, scared of what may happen. My mind races. + +**6am the following morning**: +We quietly pack our bags and make our way out of the hotel, foregoing the expensive breakfast we prepaid. We do not want to be seen or heard, we just want to get to the airport and out of this hotel. As we make our way out, a bellman whom we have never seen stops us, and hands us a garment bag with the suits. We do not open it and proceed to the airport. Later that day, we arrive in a different city and breathe a collective sigh of relief. + +**The aftermath**: +After a day or two of feeling physically and mentally ill, we relax and enjoy the rest of our vacation. The suits do not fit, are terribly made with pieces ironed together with sticky tape, and are so thin they are virtually see through. My girlfriend and I will never wear them, although when this is resolved I plan to donate them to a shelter. When we return home to the States, I immediately contact the credit card company and explain the entire story, in detail, pleading that they reverse the charge. The analyst I spoke to explained how terribly she felt for me, but it is unlikely the charges will be reversed because I paid in person and signed the receipt. She suggested my best course of action was to file legal charges against the company. However, being legally trained, I understand that it will cost far more than $800 to litigate in Thailand, and even if I were to win, a flight would cost more than that. It is simply not worth the effort. A US court would almost certainly not hear the case for jurisdictional reasons, and even if they did, I would have no way to enforce a judgment against the company and get my money back. So I proceeded to fill out the dispute and am anxiously awaiting the result. I just figured I would share my story of how someone who is aware of scams and skeptical got taken for so much money. +TL;DR: Was scammed by numerous, seemingly unrelated people into buying $850 worth of suits and when I tried to back out was harassed. + +edited: formatting. + +*edit 2* I appreciate all of the input. I wasn't trying to say I was smart, I'm simply trying to tell a story and warn others. I will have succeeded if one of the many of you who wrote me saying thanks for the advice are able to avoid being scammed in Thailand. Yes, I am aware there is a lot of literature discussing this scam online, but I did not think it would run so deep (the three unrelated people). Also, many have asked why I would buy suits in Thailand and why I didn't research more. Though I don't expect many to understand, I literally just finished sitting for the bar exam and the next day went on my trip (insert more jokes about lawyers being dumb, I get it). I did not have time to do thorough research as I was studying 8-12 hours a day for the past 3 months for the exam. I read that SE Asia is a good place to have suits made my a reputable tailor. Because I began working for a law firm as soon as I returned, I had plans to purchase myself a custom suit or two during my trip. When I was told by unrelated strangers about this great shop, I fell for it. Lesson learned. +Hey guys, + +Some of you might have read this already. If not, see here: + +Gamestop announced to offer 3.5 million shares at at the market prices. At first you might think that's bad news for us, however I am quite certain that this is actually awesome news. Let me explain why: + +1. Timing and share amount: +The share offering is not due immediately. Gamestop just reserves the right to offer shares at market in future. Further, 3.5 million shares are just a small fraction of float (<5%) so actually not that much to worry about. + +2. Deep value: +Gamestop will conduct this liquidation to further strengthen the transformation of its business. Thus, deep value of GME will further increase and we are really moving towards becoming the Amazon of gaming. + +3. Rocket launch incoming: +With Gamestop preparing themselves for selling some of their shares, think twice what that actually means! Insiders and the company itself need to disclose in advance if they are selling shares. Now the company did it, so what does that mean? We are way closer to our Mars mission than we think. Gamestop also wants to take advantage (why wouldn't they) of the rocket takeoff, once it happens, so they needed to announce this a priori to the squeeze. + +TLDR: +While the share offering might lead to some initial dips, deep value of GME actually increases and Mars mission is about to start soon. Buckle up! 🚀🚀🚀 + +Disclaimer: +Not financial advice, just an ape here. +"Great stocks come and go, my cash stays forever." +Some of us probably said/done similar things below. +Ready for some stories today? Grab some wine over. + +**---Chilling Friday---** + +“This stock is way too overpriced” +“I think the market is gonna crash soon” +“I’m holding my cash for a dip” +“There’s an inflation” + +**My story** + +I used to pride myself as a passive investor, always building my portfolio based on fundamentals and not taking a single risk. + +**Here’s what I did during and after crash - Exactly nothing.** +During the 2020 crash, when all the stocks were at a discounted price. I fear worse dips will come after; When the stock price came back strong in just a few months, I fear a correction is coming; When major indexes reach all-time high, I fear inflation and market crash (I’ve seen “market crash is coming” type of video/article like every week since January). I missed out on many great opportunities out of unnecessary fear. + +Now, you always hear failure stories from trading without risk management, but you don’t often hear safe players’ bad performances. As a reserved investor, I encourage you guys to party a little more. We have to go out there every once in a while to try some different strategies to learn. + +It doesn’t matter when the crash will hit IMO, all we need to do is have 20% of cash available to buy the dip and sit on it.📷 + +What do you guys think? I’d love to hear how you deal with stocks at an all time high. +Repost, since I literally just doxxed myself in the previous one (≖ ͜ʖ≖) + +Sodomised to the tune of 3.2k by KGN today even after a good announcement, down a total of $7,390 (in like 5 days). Come oooon Xmas sales 😅 + +Enjoy my suffering, I know you'll like it /u/cutthosesideburns + +https://preview.redd.it/reecbzswtc061.png?width=874&format=png&auto=webp&s=32746d3a6bf65cceaa1f19eca2947f046192bd1b +Hello all, been watching these guys. Missed out on the little run last week, and noticed it's starting to pull back. Wondering if any of you out there are good with analysing the info/graphs to know whether it's a good time to jump in or wait for further pull back? I understand there is no definitive science for this.....but open to hear some thoughts. Cheers +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) +Blaze Int. is currently in a Trading Halt since Friday awaing a Capital Raising announcement. If that doesn't give you spontaneous rocket fuel ratios and formulae revolving your brain idk what will. + +Their plans to start mining are only as recent as a month but the section of land they are mining in is a very sought after and known for being quite the gold dense spot. + +Although it is a penny stock currently sitting at 3¢ with a Market Cap of $6mil, you have all seen what retaredness these types of companies have been pulling in the past week with 1000% up deep space type missions. + +Since the announcement of their future drilling endeavors it has been in a somewhat steady upward trend, this means it's a guaranteed bagger no matter the hold. + +DYOR but once this halt lifts it's BLAZE 1 to Mission Control. Get in quick for them Tendies and maybe a Meat Pie and Coke if you're lucky. + +🔥🚀🔥🚀🔥🚀🔥🚀🔥🚀🔥🚀🔥🚀 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your 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) + + +So im new to the scene and have only invested in one company so far. RHY. Rhythm Biosciences, + +I was told about my them 3 years ago but wasnt ready to dive into it so ive been watching them for 3 years and only just bit the bullet because i like the look of the future for this company + +SP now is 0.375 but i got them at 0.228. They hit a market high of 0.420 on thursday (big announcement) + +So little insight to the company: + +They are in the stages of producing a blood test screen for colorectal cancer (2nd highest cause of cancer deaths in the world). The current test is the FIT ( Faecal Immunochemical test) the one where you have to shit in a bag and send it off for testing. + +The announcement that got the SP up on thursday was that the prototype kit test had better results all round than the current test and CSIRO tests. + +They currently have 6.17M cash on hand, market cap is 75.56M + +Patents granted in Europe, China, Japan and Aus + +Hardly know what im doing so can anyone share some insight on how the fuck you bois find companies. Word of mouth or is there a method to your research and finds. + +https://preview.redd.it/4t3u5uzoo5z51.png?width=1301&format=png&auto=webp&s=47b812ba7e8e217ab87c5953e9f4b9890485cba3 +Without doxxing myself, I’ll just say I’m a young and fortunate person with few to no bills, a decent job, and XXX GME shares. Todays report and just life around me has made me realize that with the way things are trending around the entire world, economic disaster is inching closer and closer day by day, and unfortunately will be here sooner than later. + +Prices for everything are rising, the stock market is falling, and there’s seemingly no place to put your money to ride the inflationary wave (or tsunami) that is getting ever closer to shore. I’ve been all in on GME since September 2020 but now I’m realizing that the “risk” of investing in this stock is almost less risky than not. I know that statement sounds crazy but if MOASS does happen, that will be one of only a few ways to not be wrecked by inflation. + +It’s a sad realization but I feel that eventually enough people will come to this realization as well and that will be your next wave of FOMO. It won’t be a bunch of people in fear of missing the fun, exciting stock rollercoaster from January 2021, but rather a bunch of people putting their money some place in hopes that they won’t be swept into destitute poverty. + +At this point, I’m not even holding for millions and retirement at a young age. Im holding because that’s the only thing to do. +The market keeps going down but these low floats SAAS stocks TWLO, MDB, WIX, TTD, SHOP, VEEV, TEAM, HUBS just keep going higher. Some of them are trading at P/S of 26/28 times and have no profits. Most of them have gone straight up from 100-500% in last 12 months + +TWLO diluted last week 5% week but stock goes higher. + +VEEV, SHOP trading at P/S of 25+ + +Any idea what is going on with these? + +I just know it's not sustainable and the bubble will burst and they all will lose 30-50% +Came across this [article](https://www.nytimes.com/2018/02/09/business/etf-index-funds-market.html?rref=collection%2Fsectioncollection%2Fbusiness) in the New York Times this morning and thought it was interesting. + +Some points from the article: + +> "This week, as markets shuddered, exchange-traded index funds were responsible for 38 percent of total stock trading on some days, an astonishing figure given that these funds were just a curiosity 10 years ago. + + +>"As the flows have grown in volume, much of these funds have gone toward index heavyweights like Amazon, Apple and Facebook, pushing their valuations ever higher. This makes some regulators, academics and investors nervous. What happens, they ask, when passive investors own 80 percent of stocks as opposed to the 40 percent they control today?" + +> "Active fund managers — human stock pickers — will be marginalized, the argument goes. And that could cause harm, because they are the ones who buy when others sell. So when stocks suddenly plummet, there will be fewer funds to step in, extending the fall." + +I know that the folks of /r/investing are advocates of passive investing (I am one of them), so I'm interested in hearing your thoughts. +This is the story of a European vacation gone horribly wrong but saved because of an emergency fund. + +A few months ago, Turkish Airlines offered a promotional 50% off ticket for passengers flying out of Atlanta, to celebrate adding that city to their worldwide destinations. We were going to be visiting a friend in Edinburgh, and we could get our trans atlantic plane ticket for the low low price of $1200 each if we routed through Istanbul. + +A bit of research later and with the Internet confirming that (at the time) Istanbul was one of the loveliest cities to have a layover in, we decided to extend our layover to 20 hours, grab a hotel, and have a nice dinner before flying each way. + +Two weeks ago, we toasted our frugality and cleverness with a very nice dinner down on the waterfront of the Bosphorous. + +One week ago, we did the same. (Food in Istanbul proper is dirt cheap; we had an absolute feast for 90 Turkish lyra, approximate $30.) + +Nobody orders a military coup with their vacation, but after we returned to the TAV Airport Hotel after our dinner, we were greeted with armed guides, snipers, and had apparently just missed the tanks rolling by to try to arrest Ertogan. We were eventually let into our hotel after the sound of gunfire was heard in the distance. A few massive explosions rocked the hotel, which is sandwiched in between the VIP building (where Ertogan had fled hours earlier) and the occupied airport. Needless to say, we didn't get much sleep. + +After a terrifying night in our hotel room, we awoke to find our flight back to the US delayed for 7 hours, then cancelled outright. Then the FAA imposed a travel ban on flights between the US and Turkey, with recommendations that citizens who needed to return home "find alternate routes." + +Here's where the personal finance comes in: Our combined emergency funds were about $4000, enough for us to fork over the $3900 in cash necessary for tickets to fly to Toronto and then from Toronto back to Atlanta. Wiping out our savings wasn't an appealing prospect, but certainly better than being stuck in Istanbul indefinitely! + +Fortunately for us, the FAA lifted the travel ban by Tuesday, and we managed to reschedule our original cancelled flight for then and then get a refund on the emergency tickets we had purchased to Toronto. + +Next time we go on vacation, I think we'll take a longer look at frugality vs safety. Cheap tickets sound great until the country you're staying in becomes politically unstable. +Using a throwaway here. I am going to be looking into buying a home soon. I have enough cash + HBP for a 10% downpayment. Now either I get a 20% downpayment or waste money on CMHC insurance. I have a large investment portfolio but I don't want to sell those as these are my high income years and I have large capital gains. Would it be cheaper to get a low interest loan against the investments instead of realizing those gains (the portfolio has ~200% capital gains)? Which banks or stock brokerages can provide such a loan? I can transfer my stocks to that institution if needed. +Suncor Energy Inc. has been lagging behind its energy sector peers for months, but market watchers say the integrated oil-and-gas company is on the verge of a turnaround. + +The company’s stock saw a 25-per-cent rally this week and Randy Ollenberger, managing director of oil and gas equity research at BMO Capital Markets, says there is more upside on the way. + +“I think [Suncor] is one of the [stocks] that is most undervalued and I think the market has got a few things wrong on it in terms of concerns – so that’s one of the [companies] where we see the best opportunity,” Ollenberger said by phone. + +Similarly, Credit Suisse analyst Manav Gupta believes there is reason for growing optimism on Suncor. + +“With Alberta removing production curtailments, and Suncor wrapping up unplanned downtime, we believe the company is approaching an inflection point that will allow it to reverse relative near-term underperformance,” Gupta wrote in a Nov. 9 research note. + +Suncor’s stock took a significant dive earlier this year and has been trading at a discount to its peers for months. + +It has been a bit of a reversal for the company, which investors have long seen as a stable bet. Unlike many in the Canadian oil sector, the integrated player has been largely insulated from concerns over a lack of pipeline capacity and the discount on Canadian crude. + +However, even Suncor was sideswiped by low global oil prices and COVID-19’s impact on demand. + +In the first quarter of this year, the company swung to a $3.53-billion net loss and slashed its dividend by 55 per cent. Those losses were followed by a fire at the company’s Base Plant in August resulting to an outage that lasted months. + +This all has not been well received by the market. + +“It’s kind of raised some questions around ongoing reliability, which I think are misplaced,” Ollenberger said. “But I think in addition to that, and maybe a little bit more importantly, there have been a lot of questions about the downstream business.” + +Ollenberger said a bearish outlook on downstream business and Suncor’s big refining assets have weighed heavily on the company, but that it is really just a general misunderstanding of how the Canadian downstream market works. + +“The Canadian market is not like the U.S. or the global market. It is a much tighter market. It’s a nice oligopoly for lack of a better description,” Ollenberger said. “Utilization rates are better here and margins are consistently better in Canada than they are in the U.S.” + +Suncor’s most recent quarter already showed signs of improvement. The company’s cash from operations reached $1.2 billion thanks to deep cost cuts and the price of oil hovering in the US$40 per barrel range. Meanwhile, refinery output fell to 399,700 barrels per day, or 87 per cent utilization, from 463,700 bpd, or 100 per cent, from the same period a year earlier. + +Credit Suisse’s Gupta notes Suncor is on track to reach its $1-billion target in operating cost reductions and its $1.9-billion capital cost reduction target by the end of this year. He doesn’t believe the “market is giving [Suncor] any credit for this costs savings.” + +Credit Suisse is maintaining a price target of $31 on Suncor. + +It’s also important to note while other energy companies have cut back to sustain capital, Suncor has been spending. + +The company is completing the construction of a pipeline connecting the Base Plant and Syncrude and expects its fleet of autonomous haulers to be fully operational in the fourth quarter. Those initiatives are part of programs that are expected to generate more free cash flow next year. + +On top of that, the Base Plant is back up and running this month after the summer outage, Syncrude production is running at a higher rate, and Suncor brought back the second train at Fort Hills. That all means production volumes are increasing at three of Suncor’s projects, which also further reduces operating expenses per barrel. + +For now, Ollenberger said this will be a “downstream-led recovery” for Suncor. He expects to see better results moving forward, starting in the fourth quarter of this year. + +“Really, what people need to see is what that downstream business can do,” he said. + +“And I don’t think we’ve seen a good quarter yet of what that looks like in the post-COVID environment. And I think once we do, maybe people will be a bit more comfortable about the free cash flow profile of the company.” + +https://www.bnnbloomberg.ca/a-valuation-disconnect-why-analysts-are-betting-big-on-suncor-1.1522086 +Hi all, + +I have a TFSA account that I’m using to exclusively hold Canadian REITs to build dividend income and includes the following companies with their anchor tenant or reason for ownership: + +1. TNT.UN - federal govt and high quality commercial property +2. NWH.UN - global high quality healthcare real estate +3. SRU.UN - Walmart +4. CHP.UN - Loblaws +5. SGR.UN - US grocery stores & pays USD dividend + +What am I missing? What do you like on the TSX? + +EDIT: Thank you all for providing me with your favourite REITs. I decided to put them in a [gsheet](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vRrcu1gnU2jkh2HjU0xKu8BmUzlRssBeo_Xtnv4auXiRPJ5AFIc_CO8BvJdTC4hWVn6cDqIsW8s-qxV/pubhtml?gid=0&single=true) with some details (div, freq, yield, free cash flow, free cash flow payout) for anyone who would like to view it. May have to do more research on MRT.UN, APR.UN, and BTB.UN, it seems to me their free cash flow payout is safe enough for a REIT despite their higher yields. +Hello what is the downside of transferring from my tfsa to rrsp account before December 30th 2022? +Figured I would get back 40% income tax return and replace tfsa in 2023 +Scion Asset Management just posted their 13F for Q4 of 2020. In short, this is a list of the holdings that a hedge fund has at the end of a quarter -- in this case, at December 31st, 2020. GME traded ~$17/sh at this time. + +[It looks like this.](https://www.sec.gov/Archives/edgar/data/1649339/000156761921003819/xslForm13F_X01/form13fInfoTable.xml) + +Now, you might notice that there's a stock missing that they had in the 13F for [the quarter previous.](https://www.sec.gov/Archives/edgar/data/1649339/000156761920019679/xslForm13F_X01/form13fInfoTable.xml) A certain retail store that sells video games and got pumped from $20 to $400. + +Michael Burry made zero dollars on the Gamestop insanity, despite what [certain articles](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-1500-percent-gain-gamestop-stake-2021-1-1030004676) might have told you. + +This is a probably a factor in why he was very annoyed during the massive gamma squeeze, saying there should be 'legal and regulatory repercussions' for those who played it. + +Burry played a role in the Big Short, but he was absent for the Big Long. +With all the hype for the Korean traders going on (there are many who have been in since at least January btw). Many of you know they identify as 'Ants' as we do 'Apes'. + +&nbsp; + +I thought you all would be interested to know that the Korean word for 'Ant' is '개미' which translates phonetically to GaeMi or GaeMe. GME? Coincidence?!? yes.. OR IS IT?! +I’m (19) trying to establish myself financially and can’t do much other than invest into an index fund. + +I’ve heard a lot of buying and holding long term and I’m all for it, but what happens when that “long term” point arrives. How do you benefit from your investment? Do you cash out and that’s where the benefit comes in from consistently staying in the market? + +Just trying to get a better understanding of the idea behind market gains. +My wife and her sister was roped into being the main mortgage signers for their fathers house when he had to remortgage his house to start a business. This was when they were younger and didn't know much about finances but now that we want to purchase a house, we found out his credit score and his buying power is not high enough to take the mortgage himself due to his business going bankrupt. The renewal date was coming up for the mortgage term and he went ahead and renewed the mortgage for another 2 years. Does this mean that my wife and her sister are stuck for another 2 years without an option to get out of the mortgage? The Financial advisor said the only option that we have is that his daughters can buy the house from him and have him pay rent to show the bank that they have equity and income from the house therefore allowing us to purchase our own house. What options do I have? + +Edit 1: Thanks for all the info everyone + +Edit 2: I will be speaking to a financial advisor at a bank in a few weeks and probably confront my FIL and see where we are going with this. +I feel like having a cash account prevents me from overtrading, but i do see myself missing opportunities later in the day. Does everyone automatically switch to margin after getting over 25k? +I have seen a lot of people say, 'if you bought $100 worth of SHIB a year ago you would have $70 Million" , "If you bought $1000 worth of SHIB 11 months ago you would have a Billion dollars" but in reality you would have sold way early. There is no way to know which projects will do well, specially if they're meme coins and most people don't have the money to throw around $100 on random meme coins. If you get in early on a project you will most likely sell way early or HODL for too long and eventually it will go down. Have conviction in your projects and recognize that getting rich from meme coins is like winning the lottery, you can't know which will pump. Increasing your wealth slowly over a long period of time is better than throwing away money at lottery tickets +A "buying opportunity" happens when the P/E ratio gets very attractive. Not when it's [the third highest in history](http://www.multpl.com/). + +Anyone who thinks they are "buying stocks on the cheap" is an idiot or someone too young to have witnessed an actual buying opportunity. At these valuation levels it's likely to return a big fat zero in real dollars over the next decade or so. S&P easily has another 40% to shed to be an actual buying opportunity. + +See ya below 1600. +The only downside I see is if the stock crashes and you don't have enough time to gain premiums before you are required to buy back. + +Take BA for example. If I buy a 1/21/22 130c for 130 (13000 total). I can sell weekly covered calls on 260c for 300 a week. As long as you sell 260c, it will cover the 13000 initial capital. You can sell higher strikes as well. + +My take is that as long as you have a long term stock that is bullish, you won't really lose money. The only way I see would be to buy the leap when the underlying is high and thus expose yourself to added downside. In my example, if BA drops to 230, i'd be stuck selling 260c at lower premiums except I'd have a year to lower my breakeven. +I realized put credit spreads are not my thing, I end up being emotional about it once I see it going against me, today I ended up with a lost of 50% on my $30 AMD spread. After the loss I got pretty happy, realizing that type of trading isn't for me yet. I have a very small account and built it up to around 5k now. How I got to where I am now is keeping It simple, CSP and CC. I'm starting to believe the saying to KISS, keep it simple stupid, is the best approach to trading. What are your thoughts on it sticking to the basics and ignoring all the diffrent types of strategies? +My first attempt with wheeling ended bad because the idea of rolling, I had not learned yet. I was following Markus and weeeeellllll, I am holding a pretty big bag. + +All that aside, other than the risk of bankruptcy, what is the down side of rolling the same strike price each month for infinity or until the stock comes back? I realize rolling my strike lower has benefits, but some stocks suprise drop and then lose some of their voliatily making rolling down without taking a loss somewhat challenging. But if I wait until expiration day and the roll out the next month at the same price, in theory I would put a few bucks in my pocket each month and not realize any loss. Am I missing something? +So Disney hit one year lows yesterday; anyone else bullish / neutral-ish enough to sell a put on it? + +Bear: I get it, 2020 represented negative earnings; + +Bull: but that mouse has his fingers in all sorts of entertainment and media... + +Bear: 133 seems like a really high PE... + +Bull: is the market presently oversold due to exaggerated omicron fears? + +Whaddaya think? Short a 1/21 $140P? +Yea, yea, I know, this sub likes to collect premium, well so do I, however I’ve also been massively burned by huge market moves resulting in the “steamroller in front of pennies” situation. I’m tired of having 10 small wins that get wiped out and then some by 1 major loss. So my question is, has anyone had success going to the dark side and buying calls or puts? I’m thinking of protecting my 30 DTE call credit spreads with 0 DTE call purchases, depending on market movement in a particular day. Thoughts? +So I have been a bit successful with iron condors with \~3 DTE, but it seems like to not bust a wing I am keeping huge margins in between the wings. Although it is profitable but it blocks a lot of money. + +Any tips to optimize that... +What are yall's theta strategies for TSLA? Premiums are obviously huge for Tesla and need to be taken advantage of. + +I like setting up Iron Condors but I don't know how wide to set up the wings. Interested to hear what people using TSLA do. +How do you spend your day? How is it different from your previous life before retiring from your original day job? + +Also, especially with Covid still being around, how do you spend the evenings (especially curious about this with young kids)? +Im currently with QT and thinking about switching to national. I don't do any options or leverage trading. Anyone that made the switch feel free to share ur thoughts? +I'm a social science moron so please forgive me. + +Many are saying we could be heading for Inflation. Where I live, basically everything across all industries has substantially increased in price. + +Why would you buy real estate in an Inflationary envorionment? Can someone explain please? + +Bob can afford 1mm at 1.5% + +Bob buys at 1mm for 3k a month + +Interest rate rises to 4% and Bob now pays $4500 a month + +Simultaneously, all the other jims can now only afford 800k @4%. + +Bob pays $4500 a month for an asset that's worth 200k less than he paid. + +Bob sells his house to Jim for 800k. Jim now pays $3000/month for an 800k house. + +What is missing? +I have several properties that have been depreciated over the last couple years of owning them. + +I’m reading more and more opinions saying that you should not depreciate in Canada because the recapture tax will be in the year you a large amount of capital gains. + +I was planning on telling my CPA to not depreciate them this year but now running some numbers. Does this look accurate? + +Rough 2022 numbers + +Rental income 180,000, +Expenses 110,000 (not depreciating), +Profit 70,000 + +I’ve been withdrawing 4,000 a month and my bank balance has remained fairly stable. + +If I don’t depreciate I will owe roughly 20k in tax, dropping my free cash flow down to $2,333 per month. + +Am I missing anything? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Hey, so in my search I've narrowed down to these 3 ETFs based on my risk profile and age. + +Are there any benefits or crucial reasons why one may go with one ETF over the other? Or is it really just an apples vs. oranges argument? Talking about VGRO and XGRO, in particular. To clarify, it would be redundant to own both, right? + +Also is there any benefit to going with TD Index ETFs over Vanguard and iShares? +Early 30s male. \~$6.5M NW (down from a year ago, like everyone). I live in a medium to low COL city in the United States that I grew up in and made my money in so I have tons of family/friends/professional connections here. + +Been FatFIREd for about 3 years after being an early software engineer at a tech startup. A combination of waiting to see how Covid impacts the world and waiting to see how some of my illiquid finances shook out, have had me in a “wait and see” mindset that I’ve used to justify not diving into anything that would be a significant long term time commitment. + +My problem is that I feel stuck in that “no commitments” mindset even though I now have a clearer picture of the future than before and no longer have reason to believe I might get significant new information soon. I’ve got a list of interests that in principle I would love to dive deeper into, but I have a hard time giving any idea serious consideration if it would mean limiting my ability to travel frequently or just generally reducing my amount of free/flexible time. + +Has anyone else been in a similar situation? How did you handle it? Should I just embrace this and focus on things that are not big time commitments that I enjoy? (This is the status quo for me right now.) Or should I put more effort into evaluating potential passion projects that might be limiting to my lifestyle? If so, how do I “convince myself” to do this? +I am trying to figure out what is a typical amount to spend per trip and overall per year on travel and so wanted to understand how some people ramped up spending as their net worth and income grew (e.g. as NW grew from 1M to 5M to 10M as well as if income grew from 100K to 250K to 500K to 1M to 2M+). + +Would you be open to sharing maybe multiple data points in time covering <rough net worth, income, total amount spent per year and per trip (+ typical trip duration or $ per day)>? Did you anchor spending against income or net worth? As both increase, did you spend more on flights, the stay or local experiences and what seemed worth it? + +I found some threads from the past discussing budgets but without the context of net worth and income. If there is a good thread that I might have missed, a pointer to that would be great. +Hi all, + +Have some decisions to make. Have about $5M in company stock that is pre-IPO and has yet to be made liquid in two companies - $3M in one that was close to IPO before the downturn, and another that is further but has high potential with $2M in stock. Both had raised at these prices before the market downturn at their preferred price points. Most of my personal net worth (90%) is tied up in these two equity stakes. + +With the markets being the way that they are, it doesn't look like we will have a liquidity event for at least 2-3 years by my estimation. I've been approached by secondary buyers who are looking to buy at a discount against the last preferred price - prices being at about 55% of the first company, and 77% of the second company. If I sold all of them at these prices, that would be $1.8M and $1.2M, so essentially cashing out at $3M (down from the $5M preferred prices) - likely after taxes it would be $1.5M (vs the $2.5M at preferred). I'm just not sure if it makes sense to sell right now vs holding until things get better, but I'm so not diversified that I don't know if it makes sense. + +Curious how much you would sell of both in the current market, or if you would hold and not sell anything at all? +Hi, I'm about to join you as I finalize the sale of my business. + +I'm really interested in living forever. I know that's not possible (yet) but I'm living as healthily as I can by consuming good food and exercising + avoiding alcohol and cigarettes to extend my life. + +I am considering setting up a fund to have my body frozen in 50ish years. Is anyone else interested in this? I'd pay a lot of money to come back after I die. +Figured some here might have potentially leveraged executive search groups as they move through the corporate ranks and was curious if anyone had recommendations on specific ones to utilize. Looking to make that next step in my career and accelerate the accumulation phase some to free up cash flow for other investments outside of my primary career. Primarily focused on SVP/EVP/CIO positions in the F1000. +Overall monthly retail sales growth was -1.2% which missed estimates for 0.1% and November’s growth of 0.1%. That was the worst decline since September 2009.  + +Retail and food service sales ex-gas were up 2.9% year over year. Core retail sales growth was 1.9% year over year. + +There have been 3 other instances of monthly retail sales less food service falling 1.5% or more +since 1992. They occurred right before the top in 2000, during the 2001 recession, and during the last recession. + +[Disastrous December 2018 Retail Sales Report](https://upfina.com/disastrous-december-2018-retail-sales-report/) + +[Stock reaction to weak retail sales](https://i.imgur.com/C9kUg0W.jpg) +Okay so I got tired of saying this over the years but Citadel has nothing to do with GME options - nada, zip, zilch (apart from buying them for hedging purposes of course) + +The real culprits are as follows and whats really surprising is that this is probably the first time you’ve heard of wolverine trading anywhere on this sub, despite being THE LARGEST GME options MM. 2sigma similarly fly under the radar and also fuck Jeff Yass. + +https://www.miaxoptions.com/sites/default/files/listings/ListingsClasses.csv +Miax is 2sigma + +https://www.miaxoptions.com/sites/default/files/listings/MIAXEmeraldListingsClasses.csv +Miax emerald is Susquehanna + + CBOE which is by far the largest is wolverine trading: + +https://www.cboe.com/us/options/symboldir/equity_index_options/?sid=G + +No citadel anywhere. Now can we stop blaming mayo man for options losses please. + +Edit: So many downvotes on this post…. I knew there was a reason we dont talk about these MMs +https://www.bloomberg.com/news/articles/2021-06-22/microsoft-rallies-to-join-apple-in-exclusive-2-trillion-club + +>Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world. +> +>Its shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as one of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion. + +I for one am STOKED and never selling this monster. +In a quite recent tweet from Plan B he confirmed that he is still holding onto his Predictions. + +Also he pulled down the S2F model to 100k by December, originally it was 100k by mid cycle and he thinks that this cycle will go over December. + +All this is not his actual model. His actual model that predicted completly right for like 3 months in a row is still going with 98k Nov and 135 Dec. (In further predictions he even was looking at a 200k-300k BTC price next year.) + +Also Benjamin Cowen another popular analyser is agreeing with him. + +I personally think those are pretty high predictions and would like to keep my expectations a bit lower so that I wont be completely devasted of it does not happen. + +But what do you think? + +(source: Plan B Twitter) +Do you all think its still worth holding xom, cvx. (Energy sector dividend) stocks. With price going red everyday.. + +[View Poll](https://www.reddit.com/poll/iykipx) +Am I reading the financial statements right? Earnings per share for the quarter of a $1.37 they pay out $0.22 quarterly. + +What am I missing? There is a lot more to financial statements. Downloaded their 10Q and perused for a bit but nothing struck me as bad. I didn't read all of it. + +I'm thinking about gobbling up a 1000 shares. Not to mention they have been around for 25 years. +This stock is talk about a lot on this sub. The growth looks good, but I don’t think it warrants the current stock price (P/E ratio is around 40 right now). It doesn’t pay huge dividend either. Is it because Charlie munger is invested? +I guess my first mistake was believing any of you regards. + +You apes claimed RC wasn’t selling, just filing his forms. Then after he sold you said it was because he was going to acquire. + +Just yesterday you apes said the sale of BuyBuyBaby was going to send this to the moon because it would be the best possible outcome. + +Today I read posts about how the sale of BuyBuyBaby was “obviously” a stupid idea. They are literally diluting the share base and somehow you cope addicts think that’s good news for your positions. + +Every bag holder here just keeps making up new theories to support their delusion with this stock. + +Sincerely, + +Former bag holder. +Wife received a $20k gross bonus with the stipulation that she would pay back $20k if she left in 1 year and $10k if she left before 2 years. Paid out in 2021. We are moving for my job a few months later in 2022. She received about $14k net, how do we pay this back since she was taxed on the $20k +Serious question, I've always wondered why should the stock market ever be closed? I'm arguing for convenience. I would like to be able to enter positions on the NYSE on a Saturday night when I'm spending time doing research. It kind of sucks that you have to wait for Monday. In general, wouldn't it be better for the economy if we kept things open, and provide more money making opportunities? I don't mean we need someone at ground floor of the NYSE 24/7, but rather to just allow things to operate operate 24/7 rather than having the markets close. +Due to some misfortune I'm probably about to live in my car for a bit. I have some crypto assets that I don't want to sell on cold storage hardware wallets, plus the seed phrases written down. A lot of my other stuff is easy, I'm just going to sell almost everything and go minimalist, but what the heck do I do with my H/W wallets and written seeds? I don't really have someone I can leave them with or trust with it. I don't want to just leave them in a storage unit or a safety deposit box, but are those my only options? It's either trust an exchange, or trust a bank, but maybe I'm missing something? Unless I just keep them on me the whole time and hope I never misplace them or get robbed. + +&#x200B; + +Just seeing if anybody had some better ideas. I know the obvious answer is to sell my crypto assets and get a proper place to live, but I don't want to do that yet at this time. Thanks! + +&#x200B; + +Edit : + +&#x200B; + +My entire life has been filled with "what if's". I had investments that would have made me a millionaire, but everything time I sold out too early because of life. Anytime life would give me a hardship, I would cash out my potential cause that was the reasonable thing to do, and every single time is the worst choice I could possibly make. I have a skill of knowing when something is a good idea, and getting in at a good time, I just never held on enough to reap the benefits. I made a vow this time to not do the same thing. The first time life gives me any hardship, everybody wants me to fold and live a life that follows their definition of normal. I'm not selling, that's off the table. + +I do live in the US, I live in the greater Puget Sound region of Washington State (Seattle / Tacoma) . Rent & cost of living is extremely high here. I can sign some 12 month lease and be tied to a location, tied to some job I hate, tied to a commitment of bills, and have to bust my back just to hope to make it and break even at best every month. Personally, I don't want to live my life that way. +Hi all, + +This is my first time dealing with a major car accident like this. Luckily I wasn't in my car or in the lot when it happened. My insurance will have to assess the damage, but it is very likely to be totaled (the entire rear end was destroyed, wheel axel severely bent). What are my options financially? Should I just wait until my insurance company offers me a settlement and hope it's enough to replace my car? For anyone who's dealt with this kind of accident before, I appreciate any advice. +I don't have a lot of money, but whats a good 'cap' for a used car? what are the pitfalls and such? I heard the cap for a used car should be about 5000 dollars. + +I know there is a way to look up the history of a car but im not sure how or where. +&#x200B; + +[Tastyworks Margin and Cash Account](https://preview.redd.it/90h54gegd2z31.jpg?width=95&format=pjpg&auto=webp&s=5c183d4cfca1590c35c5b9103548da948ca12d1a) + +[Robinhood before I transferred my money out because it had shit fills](https://preview.redd.it/fu1zkbegd2z31.jpg?width=1124&format=pjpg&auto=webp&s=d16520c090e2c626647da81b6b50c841122d3fdc) + + +[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!* +Salutations apes! I hope this message finds you well. + +If any of you saw my previous post you might remember my Europoor perspective of the turning tide a couple months back. If its here [link](https://www.reddit.com/r/Superstonk/comments/nuniy1/the_tide_is_turning_in_us_mainstream_discourse_a/?utm_medium=android_app&utm_source=share). (please excuse my retardedness if this didn't work as intended. + +As explained in previous post i understand how propaganda works. Something previously mentioned in my comments i have a couple of wrinkles on how UK financial regulation and compliance work as this is what i do for irl work. + +I'm going to apply my knowledge on both these subjects to let you all know what I see and have seen happening in the past few weeks, and what I'm worried about. Please note, i will not be talking about what happened with the mod drama, as ultimately this is insignificant outside of this sub. + +1. + +The narrative changed, and we forced it. + +The *naked shorts yeah* comment on cnbc really did open a can of worms and pandoras box within journalistic discourse, as we've seen with Charles Payne's interviews over the past few weeks on prime time TV. This is not withstanding the numerous written articles I've seen produced. + +I've seen a sentiment to disregard these messages and articles because of their sauce (my preference is a proper bernaise with my tendies, there's just something about tarragon with chicken) but the facts of the articles is still 100% true, else they wouldn't publish. There's always a lot of conjecture and padding with the articles *deliberately* written to confuse and obfuscate. + +This can almost always be attributed to an editorial line, this is why most articles seem to contradict themselves, and you see a lot of people doing mental flips to explain away basic fact, this is called cognitive dissonance. + +The reason we encounter *so many * "boomer" "seasoned" yadda yadda investors believing this is because the MSM were in the past genuinely trustworthy sources, when they did actual journalism, before advertising and "promoted articles" (read press release/propaganda) became the norm, especially within local papers. (but that's a whole other thing about journalistic integrity even outside stocks etc. We live in a world of propaganda) + +We forced the hand and now the owners of the media are in damage control. They're going to pander to us like no tomorrow. To placate us and make us feel like we took a win. At this point the HF and institutions are willing to take a small L to keep us off their backs so they can continue with the casino they've built. + +Do not fucking let them. Keep up the pressure and shouting out the *VERIFIABLE* bullshit that if happening. + +As mentioned im a Europoor, and therefore have zero influence on US markets, its up to you guys to appeal to your representatives, because if the US financial markets sneeze. The rest of the world catches a cold. + +However. With what we know now, if the US sneezes right now, global markers are going to catch a cross breed of covid and syphilis. And as any other deviant knows. You ain't getting rid of syphilis and it leads to madness. + + 2. + +My irl work has me worried for the state of markets. + +I can't go into too much detail on this, as it would be very easy for me to lose my job and not be able to continue my career in financial compliance. + +However; + +What i can say is that I'm seeing a hell of a lot of new financial instruments being produced, which provide next to no safety net to average people. There's a reason Blackrock are buying up housing, and it's happening in the uk too. + +We're having people who agree on a price for a +property who have mortgages in principle being usurped by entities who noone can identify buying up in cash. Alot of these properties are then sitting empty. + +Theres something big brewing within the global economic system, something r/superstonk and the legends u/atobitt u/criand et al have started to scratch the surface of. + +TLDR + +The MSM narrative changed, but only because we forced it to, and the ramifications of the ill health are unavoidable. We're approaching a time of extreme instability and we must protect are communities from the global forces. + +That can only be done through local organisation. And i would encourage every ape to become active in helping their local communities NOW before the shit hits the fan. + +I love you all. + +Ps. Shoutout to u/broviet_v2. I wish you'd post again. + +Peace and love apes. + +Edit, user tags cus me spelling is dreadful +**TL;DR:** while reviewing the Immutable X to GameStop Token transfer, I believe I may have found the GameStop NFT Marketplace MAIN wallet. With the # of transactions taking place, it is my opinion it is Live in Production, just not yet announced. + +**--------------------------------------------------------------------------------------------------** + +I have been checking the Immutable X Holdings [wallet](https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns) looking for any noticeable activity. Why? prior to the GameStop [8-K](https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36) announcement there was a large transfer into [wallet](https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns) 0x177f9dD13ccc02065c7494ea8396e4e2Ba54DFa1. This has been the wallet that Immutable has paid GameStop in IMX tokens for both Milestone 1 and 2 thus far. GameStop shared what to look for as to when the NFT Marketplace will launch in the 8-K, specifically section “2. Grant Milestones.” + +So, what are we looking for? + +https://preview.redd.it/y9se9mfqz7j81.jpg?width=995&format=pjpg&auto=webp&s=dc2b33bb2fa46b0a1084faaea3b1d4872e18b593 + +Not going to lie, I saw a 9.6M influx on 2/10 and got a smidgen exited but most of that was transferred out on 2/14. So, keep in mind there are false flags as well, but an indicator is out there + +**--------------------------------------------------------------------------------------------------** + +**THIS Needs More Eyes** + +While researching following the trail of these IMX tokens, I noticed a wallet that I had not seen before, one that is VERY active. I will take you step by step in the below + +**--------------------------------------------------------------------------------------------------** + +**First Chain of Events:** + +1. 37.5M IMX tokens transfer from Immutable X: IMX Holdings account into wallet 0x177f9dD13ccc02065c7494ea8396e4e2Ba54DFa1 (see pink) +2. Wallet 0x177f9dD13ccc02065c7494ea8396e4e2Ba54DFa1 transfers 1M and 27M (see yellow) on 2/1/22 (covers Milestone 1) and then another 9.3M (see green) on 2/4/22 (covers Milestone 2) + +[https:\/\/etherscan.io\/address\/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns](https://preview.redd.it/ds68cv1208j81.jpg?width=1298&format=pjpg&auto=webp&s=012e8b41e8894a25b1862737285f61ed665ad1cb) + +**--------------------------------------------------------------------------------------------------** + +**Second Chain of Events:** + +1. You can see those transfers from the Immutable X 0x177f9dD13ccc02065c7494ea8396e4e2Ba54DFa1 wallet coming into the GameStop wallet. (see yellow and green) + +[https:\/\/etherscan.io\/address\/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns](https://preview.redd.it/e7kwshb308j81.jpg?width=1051&format=pjpg&auto=webp&s=fe3838d8790d9d15c6e258bc1b40773bf13dd053) + +That is where I had stopped previously. But I decided to follow the trail as to what the GameStop Wallet did with these today. Before we proceed, notice that additional IN of 1.7M IMX tokens (purple) … that address is 0x1157A2076b9bB22a85CC2C162f20fAB3898**F4101**, keep that in mind, we are coming back to it shortly. + +**--------------------------------------------------------------------------------------------------** + +**Third Chain of Events:** + +1. If you look above, there is 3 OUT transactions from the GameStop wallet of 6M IMX Tokens (see pink), where are they going? +2. Those transactions all go to what looks like an intermediary holding wallet 0xb7fabf725d60700fF57Bae72b666dC55646cdE48, IMO the reason for this is to disassociate these tokens with the GameStop wallet (mask them). I do not see any other significance as you can see, as soon as the tokens come in, they are shortly sent back out. +3. But to where? + +[https:\/\/etherscan.io\/address\/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns](https://preview.redd.it/rd8n8uop08j81.jpg?width=998&format=pjpg&auto=webp&s=abe09afd1ee86387920a1020aa4e6e08925d451e) + +**--------------------------------------------------------------------------------------------------** + +**Final Chain of Events:** + +1. Where you say, oh, remember that purple transaction above, wallet 0x1157A2076b9bB22a85CC2C162f20fAB3898**F4101, yep.** +2. Those IMX tokens have bypassed the GameStop wallet and went directly into 0x1157a2076b9bb22a85cc2c162f20fab3898f4101, then came back into the GameStop wallet – I believe for testing purposes between the different marketplaces + +[https:\/\/etherscan.io\/address\/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns](https://preview.redd.it/5g9xaass08j81.jpg?width=1010&format=pjpg&auto=webp&s=ac61abd8638b89b077deccf273d5220ca7e8f9f0) + +[https:\/\/etherscan.io\/tokenholdings?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101](https://preview.redd.it/3jb3r1ow08j81.jpg?width=981&format=pjpg&auto=webp&s=064d46dd760c5527727c5595e92d090fb0053723) + +1. This wallet has >$100M of Net Worth in USD inside it (see below) +2. It has a ton of tokens as well as Assets that appear to be setup for loading artists as well as for testing purposes (scroll to the bottom) + +**--------------------------------------------------------------------------------------------------** + +IMO - this is the MAIN GameStop NFT Marketplace wallet, and that the Marketplace is already Live in Production, just not yet available to the public. You want to launch with Liquidity, I would say >$100M is a good start 😊. + +**BUY. HODL. DRS.** + +**EDIT:** I did a quick search and had not seen this discussed, if it has already been Discussed or Debunked happy to remove the post. Thought it could use some more eyes, thanks! +Being someone heavily involved in financial markets and trading, I often find myself, either online or with my friends or random acquaintances, discussing the legitimacy of trading through chart patterns. From the research I have done, as well as my own common sense and statistical background, I firmly believe that there is absolutely zero statistical significance to be found within these charts and, furthermore, that they carry zero provable or reliable predictive capability and trading off of charts is nothing more than a coin flip. That being said, I have a hard time convincing people of my argument due to either poor articulation or a failure to properly communicate my points. I explain how there is a lack of studies proving its predictive capability, how chart patterns are subjective, as well as the nature of short-term movements following a random walk and how there are no apparent, observable trends. + +I'm asking this here because I don't know many other communities that (for the most part) agree that TA charts are complete bullshit. I'd like to know your guys' main argumentative point(s) to shut up chart enthusiasts so next time I can quickly shut down the debate and move on to more productive conversation. +Last night, a group of money writers gathered here in Dallas for a roundtable discussion of FI/RE. This is part of a documentary project that won't be finished for a year (at least). Our hope is that it helps our subculture inspire more folks to make the leap. + +Anyhow, one of the interesting topics we covered was: What is *wrong* with the FI/RE subculture? What are the drawbacks? What do we, as early retirees (or aspiring early retirees) get wrong? What are the negative parts of this community? + +I know what we talked about last night, and I have some strong feelings on the subject, but I'm curious to hear what you all have to say. + +* Do we focus too much on the four-percent rule? Not give it enough attention? +* Are we too focused on frugality? Dominated by high-income earners? +* Too judgmental of each other? Not judgmental enough? +* Does the subculture need greater diversity of opinion? Or would we be better served by stronger "leaders"? (Not that we have actual leaders.) + +I'll give you an example: I think we, as a collective, scare off newbies. We have a tendency to be technical, use jargon, and talk about things that seem impossible to the average person. We can be dogmatic. I think we'd win more people to our way of thought if we took a softer, subtler approach. It makes people defensive rather than winning them to our side. (Note that this is just an example, and I don't mean for it to become the point of discussion in the comments.) + +**In your opinion, what is wrong with FI/RE and the FI/RE subculture?** + +[Postscript: While we voiced some concerns last night, all of us had overwhelmingly positive things to say. The FI/RE subculture is fricking awesome!] +I've noticed that so many people in this subreddit mention making 100k per year more or less. Any advice for the folks in lower brackets? + +I used to make around 50k per year. I'll be finishing my bachelors of art soon (without any career direction). Now, because of my wife (and my side gig), we make roughly $35k per year with a savings rate of about 25%. We could save more, but we are currently renting. We own a rental property that is paying its own mortgage (which will be paid off in 4 yrs at current rate). What are your recommendations for making a higher income after school? + +Computer programming seems to be a consistent career in this thread. Is it worth starting from scratch now? I'm 28 yrs old, no kids (or plans to have them), living in Texas. +So, the Dave Lauer tweet that says that GameStop is going to be issuing the stock split using a dividend to distribute the shares.... Does this not mean that the dividend that we are being given.... the gift that he has given us.... + +The hedgies now have to, as a dividend, deliver more shares to every shareholder. Suddenly, the brokerages and hedge funds and market makers need to find 3 shares for every one single share that you own. + +I am either really stupid, or this is really the case and hedgies r fuck'd. + +Will someone unjack my tits before I explode? +Given the price war in Oil right now, it's obviously hurting the Canadian economy disproportionately to other economies. + +If oil prices don't recover, how will Canada's economy recover? I imagine it would look like a heavy divestiture from Oil&Gas and a move toward renewables, however that's not going to be quick. + +Can we expect a 5+ year bear market in Canada because of this? Anyone else buying XIC/XIU on the new 52 week lows or waiting for more downside? + +I'm holding XIC but will not add more until it goes to $16 or lower. I don't think people truly realize how bad this price war in oil is for the Canadian economy, but I'm also not an expert. + +Thoughts? +I currently use my RRSP to fully invest only in USD securities (to avoid withholding tax). I was told by my broker that I can open a USD RRSP instead of the current CAD RRSP. + +My question: Should I transition from a CAD RRSP to a USD RRSP? This way I avoid exchange fees when I buy/sell, but I would still pay exchange fees to convert deposits/withdrawals in/out of the account, respectively. + +Please let me know if I’m missing anything important. Thanks in advance! +House Speaker Nancy Pelosi’s trip to Taiwan ramps up U.S.-China tensions and risks pushing the countries further apart, according to one economist. + +The top U.S. lawmaker met Taiwan President Tsai Ing-wen on Wednesday in a highly controversial visit that has angered Beijing. + +“We’re on a trajectory of escalating conflict and this will certainly make matters worse. It plays well to local politics in the United States and in Taiwan, but it does not play well to geostrategic forces that are pushing these two nations apart,” Stephen Roach, a Yale university senior fellow and former Federal Reserve economist, told CNBC’s “Street Signs Asia” on Wednesday. + +Read the full article: [https://www.cnbc.com/2022/08/03/pelosis-trip-to-taiwan-makes-matters-worse-for-us-and-china-relations.html](https://www.cnbc.com/2022/08/03/pelosis-trip-to-taiwan-makes-matters-worse-for-us-and-china-relations.html) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Speaker Nancy Pelosi’s husband Paul just disclosed the purchase of more than $1 million of shares of AllianceBernstein Holding a global investment firm. + +Paul Pelosi bought 15,000 AllianceBernstein (ticker: AB) shares on Feb. 18, and then purchased 25,000 more shares on Feb. 23, according to a form Speaker Pelosi filed on March 9. Each transaction was valued at between $500,000 and $1 million. Specific figures aren’t required for disclosure, only ranges. + +Source: [https://www.barrons.com/articles/nancy-pelosi-husband-bought-up-alliancebernstein-stock-51615587247](https://www.barrons.com/articles/nancy-pelosi-husband-bought-up-alliancebernstein-stock-51615587247) + +[\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_](https://preview.redd.it/q60mvyel1if91.png?width=597&format=png&auto=webp&s=b1ca2813f268a49f3279dd5044300e919832170a) + +Nancy Pelosi visited Taiwan Semiconductor (TSM) today which escalated the conflict between the US and China. Sources says that Pelosi invested heavily in AllianceBernstain (AB), a trillion dollar fund with with positions in TSM worth $153 million. + +Do you think this is just coincidental or do you believe Pelosi's trip to Taiwan is for her own interests? +Hi, I just wanted to say thank you and show my appreciation for this community. I posted about blowing up my account, and every told me what I need to hear ( not what I wanted to hear). And it was all in a respectful way, plus the advices given are really good. I'm the only one in my social circle that day trades, and having a community like this is more helpful than you think. + +So thank you guys. +I’ve had an up and down ride with options but I’ve generally had success. After the September correction, I really felt like I had a strategy mapped out and I was confident I had the hang of things. At the beginning of February, I was up nearly 500% since December. Hit home runs in ad tech with APPS, MGNI, PERI, others. Adding cash to catch the dip clearly wasn’t a good idea. During this correction I’ve lost all my profit and then some. I was never in any ridiculously short-dated calls, but being in 100% tech and not properly hedged cut my positions in half. I tried to snag several dips that I was confident in on oversold tech like PYPL and AAPL and just got my ass handed to me. It’s upsetting because for months I was basically emotionless win or lose, I just stuck to my game plan and accepted any outcome. I’ve started making dumb short term decisions. Held a short position in TSLA today that was gold until I got greedy, just wanting a massive win that I was used to, and ended up closing for a loss. Just an example of some boneheaded moves I’ve made. I know people here are just gonna tell me to step back and get back into the same headspace I was in before, I just needed to vent. Shit sucks. +Many people making 100k salaries assume they will just work part time and still bring in a nice wage. Unfortunately we know that is incredibly rare. + +Does anyone know of any part time jobs that do pay well? +It's just discouraging when you work your ass off and things keep happening. My husband is quitting his job where he makes the same amount as me. We were actually doing okay when we were both working. If we go back to one income, we'll be 600 in the hole every month and always stressed about losing our apartments. We don't qualify for assistance (already tried) and have lowered everything to the bare bones. I have physical limitations so finding a normal job has been tough. Took me 7 years to find this one. And I actually enjoy it. I don't know what else to do. + +\*and please don't say I shouldn't have pets. + +Edit: I don't want my husband to quit this job. It was tough to even get this one for him. We've been arguing a lot over it. Since posting, he's at least promised he won't quit until he already has a better one lined up. He struggles with his mental health and holding a job down. We just had a follow up with the doctors who changed meds for him that are supposed to help. I don't know how to force him to keep a job. He knows how stressed I am over it. I've tried asking his reasons why but other than what I've already said, he hasn't said anything else. I can trust him to keep his promise. And maybe the new meds will have kicked in and he won't quit/will find a better paying job that he can stay at. + [Exposing Tether - Bitcoin's Biggest Secret - YouTube](https://www.youtube.com/watch?v=-whuXHSL1Pg) + + +Just a reminder that Tether most likely doesn't have full backing. Tether's "proof" of reserves is shakey, and most likely not there. They aren't legally required to redeem it and among other things. I highly recommend moving any stablecoins you have to something like USDC +So my previous apartment complex is trying to get me to pay $500 dollars in damages. I took many pictures of the apartment before I moved out and told them I was not going to pay any fees unless they provided proof of the charges. I left my apartment spotless although due to moving out after the office closed, I was not able to do a walk thru with the office staff. It was a small one bedroom and they charged me $350 alone for the carpet, which was clean and is only in the bedroom! So I am quite positive they are overcharging if they even changed the carpet out all. +They sent the bill to a collections company who called me and I explained to them the situation and told them I wanted to dispute the claim. They still call me everyday but I have been ignoring the calls because they still are trying to get me to pay the $500, but I checked my credit report last week and they put a collections for the amount of $9. +Before I call the collections agency and ask questions, is there a way that I can justify paying the $9 dollars on my credit report, even if it was a mistake on their end? + +I feel like I'm taking crazy pills. + +Random average people are getting [50 billion dollars](https://www.dailydot.com/debug/chase-bank-50-billion-debt-glitch/) either withdrawn or deposited into their accounts. + +Some are getting it only withdrawn, which would be an extra 50 billion dollars in assets to the bank, no? + +Others are getting 50 billion dollars added to their account, but on hold for 70 years. Seems like a neat way to balance out the charges, while having everything tilt in the favour of the bank. + +I fail to see a glitch that simultaneously withdraws that amount from one account while also depositing that amount with the caveat of it being on hold for decades. This is blatant book cooking at worst, and at best is a major error in the banking system. + + +Apologies for formatting, I am on mobile. +Hello! I live in the basement of my boyfriends fathers house with my boyfriend and our 9 month old son. It is a kitchen, a small bedroom the three of us share, and a bathroom. My boyfriend works the night shift at a fast food chain and i work days at a daycare. With rent and payments for the car it is very hard to save. Aside from the fact that it is a very small space for a crawling baby to develop, we recently have had a problem with rats. We hear them in the walls and my boyfriend saw one when he opened the garbage can in the kitchen. I stupidly started googling and saw all these horror stories involving babies and rat bites. I guess i’m wondering if anyone knows any good resources I could use to look for alternate hosting. We recently went on a bunch of waiting lists for affordable housing but it can be over a 2 year wait. Even without the rats, I am worried about my baby living here for that long. In the winter it gets freezing in the kitchen so we are all confined to the bedroom. Our bed takes up most of the space and our son just has a mat to crawl on. I am aware that i should never have had a baby, and i’ve been told this approximately one million times, but at this point he already exists. We currently have WIC benefits we get free diapers/wipes/baby clothes from a local charity and that’s about it. Oh we also live in New Jersey. Thanks ❤️ +Has anyone noticed a shift in the Sydney/Central Coast/Illawarra housing markets? Not significant yet, but agents asking if you have pre-approval and calling back, more listings, properties on the market longer and less buyers? Maybe talk of an interest rate increase? Federal election coming up? People trying to cash out after the 2020/21 boom? We’ve been looking to buy and I’ve noticed the above in the last couple of weeks. Just wondering if the sentiment is starting to shift? +[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/) +As you can see by the title, you must already know what this post is about. + + +Although the issue with LUNA have been stated over and over again, it still affects families and individuals today. + +As a korean living in korea, I get to see news reports of people who are affected by LUNA crash. + +And recently there was a whole family in korea who committed suicide. The father had apparently invested his life savings on LUNA, and went bankrupt. He went on a fake vacation, deceiving his child and drugged her. Then there were reports of them missing, and the police department scouted the family, trying to track them down with CCTVs. In the end, they found their car in the bottom of the ocean, it was presumed that they committed suicide by purposefully driving their car into the ocean. +Article about this will be posted in the comment section + + +There should be something done to Do Kwon and prevent rugpulls like this to happen. As of right now, Do Kwon and LUNA employees are forbidden to leave the country. +So everyone, as a member of one of the biggest crypto community, help people out by posting warnings about scam projects. +I’m a bitcoin bull but I’m also not involved in this cult of “there’s never a bad time to buy bitcoin”. Ummm, yes there is. When it’s up 20x in a year why are you trying to DCA instead of taking profits? When we’re going through a recession and the fed did a rug pull, why are you buying a risk on asset? + +Do not buy crypto until either inflation has peaked and rate hikes have stopped. Any smart investor knows how to preserve their capital and sit on the sidelines. I know this sub hates FIAT but it’s king in situations like this. You need fiat to afford these gas/food prices, pay rent, e.t.c. Don’t DCA yourself into poverty. + +Bitcoin will eventually recover but it probably won’t be for another decade like Dot Com bubble. In the end I think this will be healthy since it can wipe out all the scams in the industry. The projects with actual utility will survive. Do not look at past models for bitcoin. This is the first bear market due to the macro environment. Wait for reversal instead of catching the bottom. Bitcoin will not recover until the stock market does, that’s not happening anytime soon. +I currently own 6 properties... 1 is a flip. + +So I own 5 rental properties. + +My Flip will allow me to pay off my first and lowest price rental property. + +Does anyone have any strategies to paying down the mortgages? + +I know paying down is “Lame” but i think its more lame to have that much money sitting in a savings account earning nothing. + +If I pay off the house I will get about 7% Roi based only on the extra cash flow it will bring. Plus ill be able to still invest that money via line of credit. + +No I’m not putting it in Bitcoin lol I own some but no. + +I’d love to hear stories or ideas thanks +I have 6 Single Family homes, acquired over about 10 years, plus my primary. I tend to pay cash for distressed properties, renovate, rent and then cash out refi for more than I paid. I've sold a few when the equity compelled me to. + +Recently, I can't find anything to buy. I like to stay in a certain geography and there is a ton of competition on the open market. So I'm wondering how to get more rentals without paying top dollar. Enter crazy idea (or maybe this is old hat here.) + +3 of the houses I have purchased were either estates or foreclosed after death. We have several elderly neighbors. I'm considering offering to buy their houses, with them in it, and writing them an evergreen lease. So I'd buy the property with the tenant. They stay until they die (or move) and their kids don't have to worry about selling it. I get the benefit of an income producing property that I didn't have to renovate and hopefully got a good deal on. They get what their house is worth now, like a reverse mortgage in one lump sum, with the added benefit of having a landlord to call if something major goes wrong. + +Has anyone tried this? Any thoughts/cautions? +Wondering if anyone is currently renting their property to college students? What has been your experience? + +Thinking of buying a property near a big university and possibly renting to students. Shorter lease and potential for a bigger monthly rent since you can rent each room. +Does anyone have property where the LLC holds the mortgage, not the investor? Is this even a thing? What would be the advantage or disadvantage of doing so? +🏔YOUTUBE VIDEO speaks for itself! +https://www.youtube.com/watch?v=Mk5IKX_kQgo + +🏔 Kilimanjaro token specializes in a 5% tax rate applied to each transaction which automatically burns 2.5% and throws the other 2.5% into the lottery pool. + +🏔Once a day, the lottery choses three holders to split the lottery pool. “FOREVER LOTTERY TICKET”. Hence, giving you a chance to win everyday indefinitely. If the amount of kilimanjaro tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! 🔥 + +🏔This means, that everyday, the $KILI supply is getting lower and lower! Meaning that the lottery is only a bonus, on top of the face melting gains this coin will bring ! + +🌙Total Supply: 931,361 KILI (VERY LOW) + +🌙MarketCap: $134,664 + +🌙Short term: EASY 10-50x + +A 50x brings our market cap to a little over 5 million which is still extremely low compared to other lottery competitors! + +🌙Long term: 100-1000x Potential! + +🚀ROADMAP: + +💎CMC and CG listing have been applied for! We are awaiting response however it is expected to arrive in April! + +💎Website redesign to enhance our expertise as our developer strives to prevail. + +💎AUDIT contract coming ASAP! Expected shortly, in the month of April. + +💎Upcoming months: NFT collaborations, Airdrops for holders, community giveaways and more! + +🚧WHY TRUST US? + +🚧Liquidity has been locked for a year via Unicrypt! + +https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea + +🚧 See for yourself! + +https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI + +🚧 $KILI team decided to design a lock up strategy to provide all investors the trust you deserve. + +🚧Marketing wallet, currently holding 195050.74 $KILI ~ 20.8% of total supply has been splitted into 10 wallets that will be locked today and unlocked progressively to support marketing initiatives. + +MKT1 30000 Unlocked +MKT2 25000 1 week lock +MKT3 25000 2 weeks lock +MKT4 20000 3 weeks lock +MKT5 20000 4 weeks lock +MKT6 20000 5 weeks lock +MKT7 15000 6 weeks lock +MKT8 15000 7 weeks lock +MKT9 15000 8 weeks lock +MKT10 10000 9 weeks lock + +🚧Regarding to devs wallet that is currently locked for 1 month, once unlocked has been splitted into 4 devs wallets and 80% of the holdings locked for another month. + +🚧We want you to be sure the team is committed and working day and night for this project. + +🔥🔥 THE UPSIDE 🔥🔥 +This strategy has an advantage for all the holders, moving $KILI within accounts sends ~4800 $KILI to today's lottery pot that will be HUGE, in addition to that the same amount will be burnt! + +🏔DONT MISS OUT! Price is looking excellent for an entry! + +🏔Tonight’s lottery pot will be huge! +~5000+ KILI tokens! + +🏔 Currently, you need to hold a minimum of 200 KILI to take part in the daily lottery. This was done to prevent people from creating hundreds of wallets with very little KILI to increase their chances of winning. It would not be fair for everyone. If you cannot afford this, no problem. Purchase what you can and hold for GAINZ! + +🏔Questions? Join our friendly Telegram! + +🏔Join us, on the hike of mount Kilimanjaro! + +BSC SCAN: https://bscscan.com/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8 + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8 + +Website: https://kilimanjaro.finance/ + +YouTube review: https://youtu.be/x9u4Kg7lE_k + +Telegram Announcements: https://t.me/kili_announcements + +Telegram Community: https://t.me/kilimanjaro_community + +Twitter: https://twitter.com/kilimanjarodefi + +Medium: https://kilimanjarofinance.medium.com/ + +Chart: https://poocoin.app/tokens/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8 +Hello again, + +&#x200B; + +It's me again (: +We told you $DOGIRA is going to the moon, now check out this tweet: + + +[https://twitter.com/DOGIRATOKEN/status/1372826255033135108](https://twitter.com/DOGIRATOKEN/status/1372826255033135108) + + +"Has anybody wondered what the + +[@dogecoin](https://twitter.com/dogecoin) + +Lead Dev has been up to?" + + +We **already told you** that an OG $DOGE dev was here - although he was just doing moderation and invested into $DOGIRA himself. But what will happen now? Most, or well kinda everyone, in the Telelgram group thinks he's joining as dev and we think they will make an announcement in r/dogecoin. + + +JOIN US NOW. We are already back at 4.5c - it's the best time to get in now. + +**Why $DOGIRA**: + +1. Dev has more news for us this weekend regarding OG $DOGE dev +2. Dev doxxed, CoinGecko coming soon and WOR audited! +3. $FEG partnership +4. EVERY DIP MAKES US STRONGER! +5. OG Dogecoin dev creating NFTS [https://rarible.com/rootpew](https://rarible.com/rootpew)) +6. Community bound is growing, every dip makes us more connected +7. You are encouraged to BUY and HOLD by the tokenomics mechanic. + +**JOIN US NOW AND DON'T MISS OUT!** + +TX to Look in @ Dextools: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Site: [https://dogira.lol](https://dogira.lol/) + +Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) + +Ether: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) +Legendary hedge fund manager Stan Druckenmiller, in an interview with Palantir CEO Alex Karp, recently gave a pretty bleak assessment of the stock market in the years ahead. This may leave some wondering what specifically makes Stan so bearish today. + +[https://thefelderreport.com/2022/09/21/are-investors-staring-down-another-lost-decade-in-the-stock-market/](https://thefelderreport.com/2022/09/21/are-investors-staring-down-another-lost-decade-in-the-stock-market/) +The Bank of Israel is trying out Ethereum’s technology in a recently launched internal digital shekel trial, a spokesman said. + +In May, the central bank issued a report concluding that the digital payment system could have a positive impact on the economy by simplifying payment processes while providing security to both parties in a transaction. + +The bank has also put out a call for smart application ideas that could run on the digital infrastructure. + +Monetary authorities from Sweden to China are working on their own digital currencies as the dwindling use of notes and coins threatens to upend traditional payment methods. The emergence of cryptocurrencies such as Bitcoin has added to pressure on central banks to ensure they have a viable alternative before unregulated payment forms take over. + +Ethereum was the first blockchain to host fully functioning computer programs known as smart contracts that allow users to create new cryptocurrencies. + +&#x200B; + +Source: [https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes](https://www.bloomberg.com/news/articles/2021-06-23/bank-of-israel-to-use-ethereum-tech-for-digital-shekel-globes) +Hey everyone, + +I just realized the first full [senator insider trading report](https://twitter.com/unusual_whales/status/1388963844685324288?s=20) + +It notes returns of senators, their tendencies to trade, and how numerous people leveraged privileged information before the public. + +Some highlights: +- Senators traded a lot, followed trends earlier +- Outperformed market +- See trades by Feinstein, Loeffler, Roberts and more +- Senators got wealthier in 2020-21 with lots of unusual trading +Okay guys, I think we should talk about this. Just like me, I know there are a lot of people that just lurk. They dont post, comment or do anything at all besides reading, researching and investigating. +I just want to say “I’m here!” and that I m not ever leaving. All thesis take time. I made my own in a journey that started the 29th of January 2021. It has been a hell of ride, I am hangin on! Dont care about anything else, either way the company will thrive … +So the liquidity test is a "stress test" where they run a simulation to check that brokers MM and HF's have the required liquidity right? + +So why are they told in advance when it is coming just so they can ensure they do have the liquidity.?? surely it should be a test they are not told about and no stupid games can be played otherwise it is a false positive result?? + +How many of you have ever had the heads up from your employer of the date you will be having a random Drugs tests? + +Or when you were in school given advance notice of a random pop test along with the subject details. + +in theory its the same thing and they will just back to their old ways once the test is over. This should be random without notice. + +I may have the purpose of the test wrong, its early and i'm grumpy so please do correct me if im wrong. +This small regional bank has some nice things going for it. They’ve consistantly grown their business over the years. They’ve benefited in a positive way from the PPP business loans, most of which won’t be paid down early as companies seek flexibility. They have a ~3% dividend, and typical issue a 5% stock dividend each year. They have a price to earnings around 6 right now. They’re around the same stock price they were 3 years ago when they were making half as much annually. Finally, my personal favorite, I contacted their investor relations and the CFO emails me back with answers within 24 hours. I love small businesses where people wear multiple hats, and this place must have hired at least *one* guy who likes to work. + +Edit: +1. Thank you for the guy researching the temperory impact of the PPP loan and placing it around 100 Mil in loan growth through the program, referencing that most growth has been non PPP in 2020. This makes sense as there were a lot of restrictions with the PPP (limit on company distributions for instance) making it a less desireable option for business owners if you could get something elsewhere. + +2. Someone brought up an acquisition potentially capping the value of the stock. Funny thing with that is that there are two “Landmark” banks, this one and one on the east coast. On LARK’s investor relations page they have a highlight talking about the investor confusion and how they’re not related/not affected by the acquisition. It was one thing that worried me and caused me to email their investor relations, but fidelity just has a bad newsfeed because the company is so small. +So im 19, I have a fiance who's also 19. And we have a baby on the way. We're super excited. We currently rent a very small 1 bedroom for 629 per month. Nothing included except trash. My credit is fair, but I have no missed payments or blemishes. It's only a little low because of not much credit history. + +We're surviving on only my income. Which is about 28k a year currently. With our bills plus rent and food. It leaves us with only about 250$ of extra money a month. So it's been extremely hard to save up for a down payment. I really hate renting and want something that's mine that I can take care of and change if I want to (paint, have a little yard) so I'm looking into mobile homes. + +My only chance at saving money is when my tax returns roll around. Saving that for a downpayment. But even with that it's not gonna be much (maybe 2k? This is my first time filing with a baby). I've found mobile homes in my area from 20k-50k, but I don't have enough downpayment to get a loan. And the ones that have owner financing are asking for 8-10k down 400-500$ a month. + +Do you think maybe I can offer the owner financed mobile homes if they will allow me to purchase with no downpayment. And just pay a little higher monthly payment to make up for it? What are my options? + +I just want something to call mine, where my fiance and me can be proud of. Paint rooms. And do any work to it we want. We feel like we're living in somebody else's home in our apartment. Like its not ours. There's mobile homes for rent that we like, but we don't see the point in renting one unless they'll allow us to rent-to-own. +So i moved stuff around in my portfolio to where im making just shy of 1500 a year with just $O and $QYLD + +Now heres the thing i specifically bought enough of both to get either one whole stock a month or hopefully close to one as long as they both dont shoot over 40c over the month before they can DRIP. + +So my question becomes is it an okay strategy that i laid these 2 out to hopefully be set and forget stocks now they theu could hopefully infinitely grow and use all the deposits i make monthly ($500) to branch into making safe long term picks? +Hi all, new income investor here. I have what I assume is a very dumb basic question. What is stopping people from buying a bunch of dividend stock right before the ex date, selling immediately after pay date and moving money to another dividend stock prior to ex date, etc. etc. with zero commissions the norm now it seems like much less transaction costs on these moves right? Do stock typically have a much higher price pre-ex date and lower price post-pay date is that why? Or are there other reasons? +Hi obviously this group is about dividends but there is a fine balance between growth and dividend stocks. Has anyone had the ultimate dividend fund that eventually went south. +I recently started my dividend portfolio and bought one share of O at the start of this month. Since then, my one share of O has gone up 12%. I want to get more O slowly but surely but have no idea when to add and would feel bad about not ‘averaging down’. What is your strategy for adding to you positions? What do you look for when adding? +I turned 18 in August and started working for Target as my first job. I only applied because they start u off at 15 an hr. However I’m a college student and the way there scheduled is crazy. I’m scheduled for 4-11 but I usually stay til 2am because there understaffed and don’t want to hire more employees. I also never I mean never get weekends off. I had an interview for a fed ex position that pays 17 an hr and the hours are way better (5-9) Monday through Friday. I’m just afraid this will look bad on my resume in terms of building experience to a hiring manager that I quit after 6 months. +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. +My oldest son is 19 and attending community college. His expenses are very low, lives at home and doesn’t spend a lot of money. He has no debt and has maxed his Roth IRA contributions the last three years. So far, a very good start. + +He’s not sure what he wants to do long term and is delivering pizza now, looks to earn around $40k this year. He plans to move out in the next couple years and I’m trying to advise him on investments and overall financial planning. + +I’m trying to decide whether to suggest I bonds to him to use in a couple years either for a down payment on a house, vehicle purchase or other. Or just keep putting money in his regular brokerage (75% VTI, 25% VIOO). If he wouldn’t want some of the funds in a couple years I think it’s an easy choice to keep investing. + +Any advice is welcome, I’ll share this thread with him as we discuss - I want him to make the decisions, while I’m very happy to provide guidance. +Soon after I started pursuing FI/ER five years ago, I started to develop what I call a 'DIY or die' philosophy on how I make decisions. What that means to me is that instead of buying things that I might need, I look for ways to make these items myself. At first this was just to save money to invest toward my FI/ER strategy. I started cooking all my own food, growing a lot of my own vegetables (outdoors and indoors), building computers, bikes, extensions to the house. Over time I realized that making my own stuff has given me a true sense of pride. I started to wonder if this DIY, feel good cycle is something most people in Western culture are missing in their lives. I think now that consumerism/capitalism has encroached too far into our personal lives. Any of you have thoughts on this? I would love to hear them. +Interesting information about he always tried to have two incomes. One which he saved and one which he spent. + + +http://www.cnbc.com/2016/12/14/why-jay-leno-has-never-touched-a-dime-of-his-tonight-show-money.html +Back at the beginning of my journey I let my boss know about my favorite stonk.... I got in at a bad time and like many of you knew nothing about what I was doing. We made our March run up and he asked how much I made. I said I never sold. He kinda chuckled. I've held and avged up very much since my original purchase which he does not know. Today he says "I bet you wish you'd have sold that a few months ago don't ya?" To which my only response was, "the only thing I wish is that you paid me more so I could afford more shares" I don't think he liked that very much. Then I said "don't worry, I'm not planning on quitting right away when I have enough money to retire, I'll make sure you have 2 weeks to try n replace me." He laughed to himself and walked away. (I am irreplaceable considering I work on straight commission and still sit in the office 8 hrs a day and help him with marketing and all the customer service bs that has to be done on the daily for $0 an hour) Now I am considering not giving him that 2 weeks. Anyways much love to everyone who holds! My tits are jacked for the rest of August! To the moon Boys! +Something I’ve learned over the past few years dealing with crypto is to pull your profits and keep them in stable coin or whatever currency you’re buying with in order to take advantage of big dips like we’ve seen over the last few days. + +I’m not a big investor but my one full ETH was made possible by doing this. When you’re pulling $20 here and $50 there it doesn’t seem like a lot, but when we’re bullish like we have been for the last year or so it really adds up. It’s always good to have some sort of stable crypto/fiat to use when the market tanks. + +The people who make the most off this buy when everyone else is selling. Something to think about. +Hello everyone, + +for some time I strugle to find a wise answer to my question: Imagine a fund growing fast enough or is big enough that your new contributions are not having a great impact. + +When exactly is this tipping point reached to you? + +For example, if a fund is in the 500k money range and you are „only“ able to contribute 12k money a year it is only an equivalent of 2.4%. + +Assuming 7,5% growth the 500k alone would have contributed that year about 3x this amount. +If you find yourselfe with a lower contribution, which I think is more likely for average people, the example becomes more extreme. + +Instead you could cut some work and enjoy more free time or use the not invested surplus for something meaningfull for you and your SO. + +Feel free to make your own assumption. At what contribution amount would you stop accumulating? + +I would like to read your thoughts on this topic. + +Thanks in advance! +Best +We recently discussed this topic on /r/FireyFemmes, and I wanted to share this information here. + +We all know that the maximum 401(k) contribution in a single year is $18,500 pre-tax. What I recently learned is that the aggregated maximum of $55k per year (including employer match and after-tax contributions) is actually per *unrelated* job. + +This means that if you change jobs mid-year or you happen to have a solo practice with a self-directed 401(k) + a separate W2 job, you could potentially max out both accounts, as long as you did not go above $18,500 in pre-tax money combined. + +I know this is a corner case situation but this knowledge can be immensely helpful for job changers and the like. + +White Coat Investor did an article on this and linked to the IRS page describing this. Please note that I just argued with my Fidelity rep, who is insisting that it's not true, but I don't think that's particularly uncommon. + +White Coat Investor: https://www.whitecoatinvestor.com/multiple-401k-rules/ + +IRS Link: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits +(See Example #1 in the "Overall Limit on contributions" section. + +I'm still a bit nervous about this (this situation applies directly to my family this year) so I'm curious if anyone else has done this directly, and did you get pushback from your 401(k) providers or your accountant (if applicable). + +ETA: full credit to /u/TotoroTomato for this life changing knowledge! + +**EDIT: It seems Microsoft has indeed TEMPORARILY removed Bitcoin as a payment option, something they have done in the past as well. Nevertheless this thread still stands - shills are around and spreading false information.** + +Shills are in full force and shilling this sub. +Let's take for example the top post about Microsoft removing Bitcoin as a payment option: +> +- The account which submitted the post was dormant for over 8 months. +- The upvote count seems unnaturally high (1500 upvotes within 3 hours?). +- 'LN is vaporware' arguments were made by various shills in the comments without any technical proof. PS: LN is VERY MUCH NOT vaporware. +- Altcoiners shilling their coins as the 'superior' cryptocurrency in the comments. + + +During these volatile times we must be on the lookout for propaganda from malicious groups looking to make a quick buck. r/Bitcoin is the most popular crypto-subreddit and this is why lots of shills are spreading misinformation. If any of you see a shill making fake arguments, please take the minute or two to respond and rectify whatever fake arguments are being made. +Apologies if this belongs in Noob thread. Mods please let me know if I need to repost there. + +Totally new at options and I am in the learning stage. I've bought one cheap $3 Ford Call just out of curiosity to see how the transaction worked on RH. + +As I have been reading it occurs to me that that the real money (read consistent profit) is writing options. Obviously more capital is required to play that game. Specifically selling puts seems particularly lucrative. If I write a put, I collect the premium and if it remains OTM at expiration I have no obligation to buy. If ITM at expiration I buy and now I own 100 shares of that company. I could then turn around and write a call option on that same stock at a price that exceeds my cost basis and collect premiums until it is ITM. I then sell for a profit. Rinse and repeat. + +I feel like I am missing something. What is the biggest risk? Seems like you need significant capital to make it lucrative. So may not be worth tying up small amounts of capital for such small returns. +alright, so everybody in crypto) talk about how we can make it easier for average people out there to buy cryptocurrencies. But none of them seem to think a lot about 'financial incentive'. They only talk about how the tech is faster, decentralized, and more secure but average people don't really care about that. I will show you what I mean. + +So, I have talked with non-crypto people in real life. People that I know who never care about crypto. I explained the basics about crypto. Then, usually when I asked them what can persuade them to use crypto outside the speculative investment factor, they will ask this question "but, why do i need to care about decentralization? Why dont you tell me why crypto can make my life easier?" + +Well, here's the problem. They still need to sign up with coinbase or another fiat/crypto exchange, do KYC whatever, before they can actually use it. so, if they want to send the money right now to another country, they think it's too much of extra steps if they have to use crypto. It creates a chicken and egg situation because they are too lazy to sign up with a crypto exchange and they dont mind if their business partner in another country have to wait 1 business day. The way I see it, most people feel like this -> "If I send the money now, my business partner/family only need to wait 1 business day. If I send it with crypto exchange, I need to sign up with this coinbase thing, wait for awhile, and my business partner/family also need to sign up with this coinbase thing, before they can cashout the crypto back to fiat" <- and this is why they don't see any benefit of doing this extra step even after I explained it to them that they only need to sign up once. But they just dont care because they see it from the "now" perspective, they can't see it from their future cross-border transactions perspective. + +So, it made me think about something. people don't mind to do 'extra step' and go through all the inconvenience to sign up with a new app, transferring money to this new app instead of doing bank transfer directly, as long as they can see financial incentives for them to do so. Without financial benefits, they won't do it. I feel that crypto community rarely talk about these financial incentives to average joes out there for mass adoption. + +For example, nobody says "yo, buddy. you can save yourself $25 swift fees if you use fast crypto like XRP or XLM or NANO instead of direct bank transfer". Whenever people discuss cryptocurrencies, it's almost always about "should I invest in this thing? It can go up to $xxxxx, right?" + + When you tell average people in the real world that they can "save $xxx money" by pointing out how expensive our current cross-border transaction through the banking system is, they would start listening. + +plus, nobody actually talk about these 'incentives' to the average joes out there. We only talk in circles, we only promote to each other. Only to someone else who's already in crypto. I have yet to see coinbase or any big corporation actually make any advertisement about these 'benefits compared to our current banking system'. + +Litecoin, etc. rather promote themselves in UFC (which is still good for exposure, dont get me wrong!). But, yeah..you get the point. None of them talk about how people can benefit financially by switching from our current system to crypto. They rather sponsor UFC fights and all the other irrelevant events. + +And one more thing. people often talk about how 'volatile' cryptocurrency price is, and it scares them. this is why an 'automatic' conversion from crypto back to fiat is extremely important in my opinion. + + I mean, put yourself in their shoes. Let's say you want to send $10K to your mom in another country. The ETH or BTC has arrived in your mom's coinbase account but she's currently outside. She'd worry that BTC might drop so she has to open her laptop/phone and convert it to fiat before the value drops. Why none of these exchanges think about 'automatic fiat conversion' option so average people who only use these exchanges to receive money from their loved ones/business partner outside the country no need to worry about their crypto value? I mean, of course we have stablecoin option too, but that's beside the point, because many crypto-to-fiat exchanges in different parts of the world do not have that much liquidity for stablecoin (or they dont even have stablecoin pairing) +I'm working as a Quality Assurance Engineer by day, shitposter and a hackerman at night. + +I did some digging and I came across these deleted tweets from Elon's twitter. + +https://preview.redd.it/pmcyqtwbh1u91.png?width=575&format=png&auto=webp&s=91175396c6e71ab6925d022e2bd261ee1c4f914c + +As we all know, Elon bought twitter and how he was planning to charge 0.1 doge for every tweet a user does. Maybe this is to combat the bots that is flooding twitter. But is that all there is to it? Elon used to kept spouting about freedom so is he really gonna limit the people? Of course not. + +https://preview.redd.it/t5tg8vfgh1u91.png?width=598&format=png&auto=webp&s=3205b24bb0f4e980067cfbdc293086d6f83f3133 + +https://preview.redd.it/ye65rriri1u91.png?width=605&format=png&auto=webp&s=1d46d265818d84ffa69f4d0f8296201b1efea2ce + +What we all missed was his suggestion. + +https://preview.redd.it/87z8of8si1u91.png?width=599&format=png&auto=webp&s=02c4cbaf4f6919675212c76af9f8d4b1d28ddb5b + +https://preview.redd.it/8o723h8si1u91.png?width=610&format=png&auto=webp&s=abc637fa67647c76f805dddf87283cbcf0dd434b + +https://preview.redd.it/d5tjvf8si1u91.png?width=604&format=png&auto=webp&s=da5d077cf5d4df77f457fa6d183c87ef667a0bad + +As you can see, Elon's genius idea is making a person tweet "WooF" to prove they are not a bot. With that, with the introduction of TwDOGE ~~twittards~~ our dear twitter brethren can now again use twitter for free albeit the limitations. + +&#x200B; + +Edit: I've seen people mentioning the office, but I really haven't watched the show aside from the parkour clips and the fire. + +Edit2: It pains me that I had to *explicitly* say that this is purely a satire content. +Hello, + +Please remove if I am violating rules. + +I recently received 3 letters in the mail from Bank of America stating that they were going to be closing ( person on the phone called it BLOCKING) my 3 credit cards. The card stated that I had repeatedly attempted to make payments that were returned for insufficient funds. + +I just made payments to all three accounts three days ago, but I had not checked my statements electronically. I just made the payments without looking at previous transactions online, and the balance reflected looked right on all three cards. + +Here is what I found out after doing digging. + +- One of my cards had two "ATM Payments" made to the account. one payment on 3/15 for the sum of $380.00 and the next on 3/23 for the sum of $800 dollars. I did not make these payments at an ATM. BofA was also charging me 27.00 for the returned payment. + + +- The other two cards did not reflect any suspicious activity; however, BofA still closed those accounts as well. + +- My Fiance and mylself are both on the account for the credit card that had the suspicious payments. We used the credit card after the insufficient payments on 3/27 for the sum of $90 at a restaurant and the transaction when through. I also immediately made a $90 dollar payment on the card after swiping it because I wanted to get points for the transaction and pay the dinner bill off. + + +When I recieved the letters in the mail, I franticly started looking for my credit card, and I realized I did not have it in my possession, and the card we swiped for dinner the last time we used it was my fiances' copy of the card. + + +I assume I lost my card, it was found, and somebody attempted to use it at an ATM; HOWEVER, the attempted to make a payment on the card of rht sum of $380 and $800. + + +Why would anyone find a card and attempt to make a payment on the balance of the card? They didn't attempt to buy something with my card, they attempted to make a payment to lower the balance of my card. Is there a scam I am missing? + + +I am confused by this. I am calling BofA tomorrow after speaking to two reps who stated I would have to call an Existing credit line that Is not open at the moment. I believe that BofA probably attempted to call my phone to alert me; however, i was not answering odd numbers because I signed up for information on a couple of sites inquiring about MBA programs at some schools, and they have been calling me non-stop since. + + +TLDR: Somebody found my credit card and attempted to make to ATM payments on the balance of my card. BofA shut down all my credit cards as a result. + + +EDIT: My checking accounts has the funds to cover the $380 payment and $800, so I have no idea where they were attempting to pull funds from. +So how do you guys research small cap coins that are destined to have a bright future + +I'm not talking about the memecoins or pumps, but actual legit projects like FTM, LRC, GALA, before they go mainstream + +What are the best research methods, i've tried researching multiple small/micro caps, checking their roadmaps, researching the team, whitepapers if available, token distributions etc, but everytime i see the roadmap i just don't believe in them + +Granted not every great project will get the recognition they deserve, and 99% of small caps probably won't make it unfortunately, but im thinking about the 1% that will. + +Did anyone catch a top 100 coin before they ran? Like genuine projects like FTM for example, and how do you DYOR on projects? +Been in this since the buy button was switched off. Ever since there has just been more fuckery more rule changes all in favour of SHF to keep their heads above water. They never closed and apes have not gone away. Mark Cuban said it a long time ago. I cannot lose if I just keep holding. If Reddit goes down I couldn’t give a fuck. Been in this too long now to just give up. I’ll hold for as long as it takes. Apes will eventually DRS the whole fucking float and watch Wall Street burn like they did in 08. +I'm really going in on low cap coins that can be winners, Preferably not in the top 100, have even been looking down to 400 level. Here are the ones I have found have promise, Elixir, Lamden, Universa. I am trying to find out more about Universa specifcally and if it can blow up, I've also looked at Xtrabytes but that might be a huge bust. What do you guys recommend that you don't mind sharing? +Which and why? + +Edit: Thinking in the 6mo to 1 year time frame. + +Thanks for all the responses and the discussion this has generated. It is what I was hoping for. + +For myself, I have already invested in PPC and WDC, and probably too much in DOGE but time will tell.. Looking for a few more to diversify a bit further. Namecoin was already on my list to research, but you have given me a few others to think about. Keep them coming. +I've been feeling kind of bearish about the altcoin market the past few days. Here's why, maybe you can change my mind. :) + +* I'm struggling to find a reason for **Litecoin**'s price to be so much higher than other altcoins. +* **Peercoin** has proof of stake and was doing very well after the rebranding and "volunpeer" campaign, but they lost their most effective community builder, John Manglaviti, to a startup. The next version of the wallet software is also months late and will be missing highly anticipated features (cold locking and checkpoint removal). +* **Worldcoin** is in a massive nosedive due to concerns that Sharmbeck may be a scam. +* **Quark** had a nice little bump due to buyers in China, but that has fizzled out now. +* **Namecoin** has had no development for months and its community has faded away to wisps of nothing. +* The **Megacoin** project changed domains from (megacoin.co.nz to megacoin.in) for reasons that aren't entirely clear. What is clear is that Kim Dotcom is in no way affiliated with the project (not there was ever much doubt). Price has been flat to lower for weeks. +* **Doge** is still going great but you start seeing some hints in redditmetrics and on /r/dogecoin that it may be approaching its peak. Disclosure: I have significant Dogecoin holdings and not for financial reasons. +* **NXT** with pure proof of stake and its other advanced features is very interesting from a technological standpoint, but as an investment I don't think it is headed anywhere -- large holders cashing out are going to keep downward pressure on price. +* **NEM** ("New Economy Movement") has somehow managed to raise 40 BTC (~$32,000) in their "IPO." They intend to launch a coin based on a fork of **NXT**'s source code. That was their original plan, anyways, the developers have stayed in the shadows while the money keeps flowing in what could be a major scam... For reference **NXT** raised at most $4,100 in that coin's IPO. +* **Vertcoin** is basically **Litecoin** but with a different proof of work and without Litecoin's community. Great for anyone with a GPU mining rig, but I don't see it going anywhere. There is also the significant risk that other altcoins will adopt its proof of work (Mooncoin plans to do this, apparently) if it proves effective, destroying much of the value. +* **Potcoin**, **Kaisercoin**, **Ultracoin**, **Reddcoin**, etc. ...meh. + +wow, re-reading this, it is so negative. I feel like I'm channeling Hazard or something :( +Noob question alert! + +So I've been investing/speculating on Coinbase/GDAX for a bit and it is really easy to track the market prices of everything and my current portfolio size. However, I recently diversified into some other markets/wallets and now it is a bit of a chore to look at everything. Additionally, some of these other markets have trackers that only show prices relative to ETH or LTC or BTC, not USD. + +Is there a good online site I can enter my holdings and purchase prices to track? I'm OK creating an account with no personal info (other than email) but I am not looking for a mobile app. +Hi all, + +&#x200B; + +I have a full-time job and run a consultancy on a side. I have opened a limited company not too long ago and have received a couple of payments from clients already. I'm aware that computer equipment accounts for business expenses. Long story short, I used my company's card and ordered a laptop online. + +&#x200B; + +I've now got confused whether I've done the right thing. I'll be using the laptop purely for my business; however, was I meant to just spend the money I've earned on the computer equipment from my company card directly? What would happen at the end of the tax year in a potential scenario; I receive 2k in earnings during the year, spend 1.9k on computer equipment and finish the year with 100 pounds in the company account. Is this the way do things and I'm just overthinking, or I've just massively messed up? +Hi all, + +I'm new to the UK and I plan to buy a house in the near future. I was looking into my options and LISA seemed like a perfect investment for me but if I'm not wrong high street banks don't offer LISA. + +Is there a reason why? +What is a trustworthy option for getting a LISA? +Hi everyone! + +I’m planning on buying a flat in 2/3 years time. On my current salary (£24,778p/a) I can probably get a £100,000 mortgage. I’m looking on moving up north so a 1 bed flat should be ok with a £10k deposit. Am I right in thinking this? + +I currently have £4,000 saved & will be saving £500 a month minimum until I’m ready to move. + +I’m planning on using some for moving expenses & any furniture I need but I’m happy to go second hand/cheap on things like that until I can afford better. + +My question is, what other expenses/fees will I need to account for? + +This is all based on my current salary, at my job, our salary increases 5% every year and I’m also hoping to move up to the next stage when I can leave my current job - which would take me to £28-35k depending on the area of the job. + +Am I just dreaming or is this doable? What else do I need to consider? I have 2/3years to work it all out but would appreciate the help. +I truly do not understand the supposed pain of miners. + +The price of bitcoin has increased by 600% just this year alone. + +Traditionally we used to hope that after a 'halving' we might see a doubling of the price. Since the last halving, when the price was $600, it has gone up by 10x. + +But, let's really talk about what has happened this year. This year, we got segwit finally launched and the price has skyrocketed. + +There is already some serious talk about a $25k bitcoin in the not obscenely distant future if hedge-funds and other big players bring money in; now that they can see that bitcoin is stable, not going anywhere, and **is highly resistant to change**. + +So, what, exactly, the fuck do miners have to complain about? + +Their job is simple. Do a full SHA256 hash (by full, I mean on any random input data, not ASICBOOST hacked pseudo-SHA256). + +That's it. Do that one simple job, and reap the rewards. + +Bitcoin has a highly competent development team and a very exciting technological roadmap which will lead to ever higher and higher price levels for the block reward. + +In addition to the price of bitcoin rising, so has transaction volume and, with it, the fees that miners collect. + +If there is some fear that secondary network layers will steal fees from miners, that is an absurd interpretation of how things work. + +First of all, most transactions that will occur on secondary layers will be transactions that would never be practical or worth bothering with on the layer-1 chain. The point being, they aren't 'stealing transactions and fees' away, these are transactions the layer-1 chain would never want at fees so low miners would never bother to collect them. + +Second, when secondary layers function, they do so by pushing settlement transactions to the main blockchain, where fees **are** paid; and at nice price premium for miners to collect. + +Between the increase in the value of bitcoin, increasing transactions, and improved fee revenue, miners are making an obscene amount of money compared to where they were just 10 months ago. + +Additionally, if they truly hate bitcoin for some philosophical reasons, they can freely mine any other SHA256 coin if they so choose. + +I don't get it, but I'm quite tired of hearing from people worth hundreds of millions of dollars, and earning more at an astonishing rate, keep bitching and moaning about 'high fees'. + +We have Roger Ver, a man probably worth hundreds of millions of dollars, bitching because he cannot send a transaction on the bitcoin network for a penny. + +Meanwhile, I send transactions for 8 cents all of the time, and they are confirmed (albeit slowly), and a 50 cent fee transaction gets processed quickly. The network continues to function well and generate incredible wealth and opportunity. + +Finally, these people do not understand set theory at all. + +As bitcoin expands into additional layers **those layers are bitcoin as well**! It's an aggregate ecosystem. As bitcoin expands to include things like the lightning network and sidechains, these are not things 'separate from bitcoin' they become part of the overall bitcoin ecosystem. It is fundamentally how all networks scale to exponential levels. + +So, we have hubris, technical illiteracy, and mindless propaganda driving a bunch of people to quite literally work against their own economic self interest! + +Interested to see if there’s some investors out there that were victims of the dotcom bubble and are still holding their bags, never cutting their losses. + +What were some companies you invested in with high valuations that never got back to their all time highs? +What is "Corporate Debt?" + +Corporations often have varying types of debt, including corporate debt. Corporate debt involves **the issuance of bonds to investors to generate capital, often for projects**. + +Think McDonalds, IBM, United Health... almost every single company has debt, some ballooning. **(Side note GME has almost none)** + +[https:\/\/www.rbcwealthmanagement.com\/en-us\/insights\/is-the-us-corporate-debt-mountain-something-to-worry-about#:\~:text=Add&#37;20it&#37;20all&#37;20up&#37;20and,according&#37;20to&#37;20Federal&#37;20Reserve&#37;20data.](https://preview.redd.it/0o32wammy2m81.png?width=1392&format=png&auto=webp&s=f5e35630232f2b18d138bb3a6e57f5a76697b6a3) + +https://preview.redd.it/umbtscixy2m81.png?width=1398&format=png&auto=webp&s=87f575ebbec47d0e2691ffa992ab7e3a221e204d + +So Corporations have 11 trillion in debt, and about 3.82 trillion in cash holdings. A debt/cash ratio about 3:1. + +Corporations would not be able to pay off the debt today, without selling assets. + +[US Corporate profits were $2.24 T](https://preview.redd.it/5njrxqeez2m81.png?width=1440&format=png&auto=webp&s=b647d76667c3a77388d993b7ba0717e529b97e47) + +Those numbers are not terrible. $11 in credit card debt. Has $3.80 in cash, and makes about $2.40 a year. With careful planning and budgeting you could overcome this in ten years or more. + +1 problem... there are out liers throwing off the numbers. + +[https:\/\/www.investors.com\/etfs-and-funds\/sectors\/sp500-companies-stockpile-1-trillion-cash-investors-want-it\/](https://preview.redd.it/r3lsa43wz2m81.png?width=1636&format=png&auto=webp&s=4175d408a4b67880139ea06088ff36a34da7a5f0) + +[Investors.com](https://Investors.com) put out FUD today... (they are trying to make tech attractive and take confused retail money) talking about how "13 Companies have $1 trillion"... well... if you remove that out... then you have more like $2.80 trillion in cash - for $11 trillion in debt. Also... + +There are some companies with way too much debt. Its kind of like how Ken is just way too short. Some of these companies are disasters waiting to happen. + +[https:\/\/www.statista.com\/statistics\/1235574\/most-indebted-companies\/#:\~:text=AT&#37;26T&#37;2C&#37;20a&#37;20telecommunications&#37;20company&#37;20based,over&#37;20147&#37;20billion&#37;20U.S.&#37;20dollars.](https://preview.redd.it/frnlmiqm03m81.png?width=1618&format=png&auto=webp&s=b1fd245e3e50a054df5b2ac88cd2cd2086de8259) + +AT&T (well call it "T") has $147 billion in debt. Wowowowowwo.... thats so much money... + +&#x200B; + +[https:\/\/finance.yahoo.com\/quote\/t\/financials?ltr=1](https://preview.redd.it/j209gvf133m81.png?width=1526&format=png&auto=webp&s=7cffbd999972c864933f8a51dcade3554b6b3f38) + +T revenue for last 12 months was $168BN. Thats an impressive number. None-the-less the reported Net Income is about $20Million. Which is like 7%. + +And why is T stock so popular? Because it pays a 8.71% dividend. + +https://preview.redd.it/0rwzug2z33m81.png?width=925&format=png&auto=webp&s=dff5b7ab5dfcf12caedf7148e240a1a14d67de02 + +So T has $147bn in debt, made $20bn last year, which is like 7% margins, and pays a 8.71% dividend in this environment. + +With fixed income, you want to look at bps over treasuries. + +[Not putting CNBC Source here - sorry not sorry.](https://preview.redd.it/z1bd0brt43m81.png?width=675&format=png&auto=webp&s=868dd2ecc6862768df1a8a9a8a7b6e177fabacd7) + +The ten year yields 1.794%. And at T you get 8.71% or get this... 690 bps over treasuries. + +[Treasuries are your risk free rate of return.](https://preview.redd.it/xjhacv6553m81.png?width=593&format=png&auto=webp&s=a9f7c5c813fdc4840a15d2880335410a23673733) + +**So why is T paying 6.9% more than treasuries? The truth... its dog shit wrapped in cat piss...** + +If T was not paying such an attractive dividend... people would dump the stock and it would be a disaster. + +[Motley Fool FUD kings pumping T 3 days ago... ](https://preview.redd.it/n4epb1or53m81.png?width=672&format=png&auto=webp&s=d79b116db8ef2a0d128aaaa3e68f55514f83a78d) + +T was famous for its dividend. It paid 5% for years and it seems like such a legit company. Even if people are broke they will still pay their phone bill. You can't do anything with out it. But this company just has way too much debt. + +[https:\/\/www.fiercewireless.com\/operators\/at-t-decides-now-s-not-a-good-time-for-share-buybacks](https://preview.redd.it/0g2uitj663m81.png?width=755&format=png&auto=webp&s=e2a5305dd88e56a96f0497db243eb96b9042dd54) + +In 2020 T spent $4Billion on stock in 1 quarter. + +**Companies were issuing cheap debt... buying back their stock... and paying excessive dividends to make the shares seem more attractive than they really are.** + +[Corporations spent $850Billion on their own stonk in 2021....](https://preview.redd.it/7he2dgmi63m81.png?width=613&format=png&auto=webp&s=6c31c22897442392b104a571e6bdf666530cb8f7) + +WTF??? seriously??? + +**CEO... issues bonds... buys stock... stock goes higher... ceo gets big bonus...** + +**CEO... issues bonds... gets money... pays a fatty dividend...** + +So why now? + +As ive talked about in other DD and posts.... everything is going to change when the FED raises rates. It's the end of a 40 year debt super cycle. + +[https:\/\/am.jpmorgan.com\/content\/dam\/jpm-am-aem\/global\/en\/insights\/market-insights\/guide-to-the-markets\/mi-guide-to-the-markets-us.pdf](https://preview.redd.it/uicbjdj473m81.png?width=961&format=png&auto=webp&s=0cef310d1ccee668e4547fb5efd2a366c818158a) + +Interest rates went down for more than 40 years... Now we have crazy inflation... the FED has to raise rates and all that fixed income is going to get whacked... + +https://preview.redd.it/4e4jcfep73m81.png?width=980&format=png&auto=webp&s=4de416bda34dad297d2c12bcad12224da82dd181 + +**Refinancing is off the table...** + +**For years rates went down... so if AT&T had a $1 billion bond tranche due next month, they could go to their buddies at Morgan Stanley and Goldman, Issue new bonds at a lower rate... and pay off the existing debt...** + +Investment bankers made 6-7pct on some of these deals for years - + +Investopedia talks about the issues of having too much debt... + +[https:\/\/www.investopedia.com\/articles\/basics\/06\/capitalstructure.asp](https://preview.redd.it/rj6rvkv3a3m81.png?width=681&format=png&auto=webp&s=a1f8f9ac52b52dc3d4d13d5685b57f989bb7944c) + +And Although T is not as bad as Evergrande China... T has $550bn in assets, and total liabilities of $367bn. + +The Gravy Train has run out... They wont be able to refinance like they have been... Once rates start to go up they wont be able to issue new debt. If they default on their debt - they will go bankrupt... + +**If the bonds go to $0 then the stock does as-well.** + +After doing this research I don't think T will last more than 5 years. + +**TLDR: Companies have been issuing debt to buy back stock and pay dividends. Once rates start to rise and refinancing is off the table... there is going to be an armageddon of defaults in the corporate debt space.** + +Part 1 - https://www.reddit.com/r/Superstonk/comments/s7ndpb/the_big_liquidity_issues_in_the_fixed_income/ +Hi, I absolutely want to start trading but I do no a single thing about trading. I want to know the steps I can take to learn and how to go about it. Whats the best way to start +I've been using the ICMarkets cTrader platform eversince I started trading Forex. Sadly, I need to switch because ICMarkets AU will no longer be able to service users outside of Australia. + +&#x200B; + +Need some help in choosing which Oanda platform has the best features and execution. They have web trading, desktop trading, and MT4. MT4 looks too complicated for me but I'm willing to go for it if it's the best of the 3. TIA +Hi, +is it possible for a young adult to become a profitable daytrader ? +I’am willing to spend most of my free time to become better but I haven’t jet found a place to start. +Any Ideas ? + +Kind Regards +Ben +You're looking at **two** strong trading setups I have aligned on the **1HR** timeframe and will be trading when the market opens. The **weekend gap**, if there is one, could **negatively** impact these setups and lead me to **not** enter but if all goes as planned, I will be taking these trades. + +&#x200B; + +[GBP\/CAD Zoomed out view. Overall, the market has been downtrending and is currently going sideways. I intend on selling from the top of this range when price enters my zone and shows signs of sellers. The zones are strong levels of S&R even on the higher timeframes for extra confluence and more reliability. Along with strong S&R, there is a 61.8&#37; fib level being reacted to repeatedly. You can literally see it working.](https://i.redd.it/s3sf7m6l18a31.png) + +[GBP\/CAD Zoomed in view. The top highlighted zone is where I plan on taking a sell position. The zone is between 1.64000 - 1.64250. I'll be entering this trade when\/if I see signs of sellers coming in within the zone. Wicks, a candlestick pattern, momentum candle, anything valid.](https://i.redd.it/vqd9l2ak18a31.png) + +[NZD\/CAD zoomed out view. The market is in a clear downtrend. Price has made it's way up to a recent lower high and has been ranging ever since. I'm interested in taking a sell position at the top of this range in the highlighted zone. Price is there right now and has shown signs of selling strength. The zone I intend to sell from is also major S&R even on higher timeframes for extra confluence and more reliability.](https://i.redd.it/ck2wi22qy7a31.png) + +[NZD\/CAD zoomed in view. I'm predicting the market will fall from the top of the zone. We have 2 doji candles and a momentum candle following it. To me this indicates a possible shift in direction and tells me sellers are present. This is enough for an entry already for me.](https://i.redd.it/un4izz0oy7a31.png) +I have been learning technical analysis for about 4 years now and want to now learn all about fundamental analysis. I don’t know where the best place is to learn though or what I need to learn for the things I want. + +1) What do I need to learn for fundamental analysis? + +2) Where is the best place to learn this? + +3) How do I interpret this data and how it will affect the market? + +Any input is welcomed and thanked 👍🏻👍🏻 +I've been lurking for a while and debating whether or not to try this out. + +Just to get a sense of what's possible, how much did you guys make/lose over the past year? + +Do you think of this as taking chances and basically gambling, or once you have a method is it a petty reliable income for you? +I started with 2k, and did no more than 3 trades a day, my goal was to make a 100$ every day, and everyday I was profitable only having a few small losses here and there. I trade with half of my account. I was wondering If this is just pure luck, or does anyone else achieve these profit margins? +I've been trading for a while now. Let me preface this with I'm in no way knowledgeable so everything I say could be entirely wrong but after 6 months I'm beginning to find chart analysis like muscle memory I can recognize key zones and trends with a few minutes of my time but I lack a trading strategy. Now I have no interest of copying anybody, I dislike these tipster services advertised everywhere as really you're not learning by copying but I am at a point struggling to really know what sort of things I need to be putting into a strategy. I know there's no one template but for you guys what would be the key things that you feel should be in most if not all trading strategies? +I've seen many posts mentioning to remember to 'live life', but how to balance it with saving? + +My question is general but for example, I'm 27 and I'd like to go to travel in Asia for a year or two but on the other hand I think I should continue to be frugal and keep saving and investing to buy my first home. + +So is balancing in that case going there for holiday? At current circumstances I could go there just for 3 weeks while keeping my current job so that's not really ideal for me. + +If I'd choose to go then when I'm let's say 50 years old I would look back and think to myself 'I'm so glad I did it' (at least that's what I think I would think) but then I'd buy a house later in life. + +It feels like wanting to eat a cake and have a cake. +BBBY just filed an 8k this morning (url below). This is very likely the closest they can legally get to say he does not plan to cash out right now as people have been reporting without actually saying it. RC very likely also had input on the statement - no way they would out it out without talking to him if they are mentioning him. He might very well be the one who pushed the filing...bullish. + +https://bedbathandbeyond.gcs-web.com/static-files/5f25ce43-4bf4-41ea-ac61-7b6b9fd7867e + +Edit to simplify for apes: Companies file a form 8k whenever there is a material event that may be of interest to shareholders. That implies that the statement they have in the 8k is a material event to shareholders. The statement mentions, in its first sentence, that they are "pleased to have entered into an agreement with RC in March", which is not new news (it happend in March). In my opinion, it is the company "re-affirming" the agreement is still in place. The company nor RC can legally say he is not selling. The company can get sued for a bunch of shit and RC for market manipultion. That's as close as they can get. Hope that helps. Basically...very bullish imo. + +TLDR: RC is not selling! + +Edit #2: HE DID SELL. THANK YOU ALL FOR LETTING ME KNOW :) +UPDATE THREAD: [https://www.reddit.com/r/Superstonk/comments/n66j7s/update\_negative\_1\_million\_volume\_in\_afterhours/](https://www.reddit.com/r/Superstonk/comments/n66j7s/update_negative_1_million_volume_in_afterhours/) + +&#x200B; + +Ok, attached a picture from active trader pro of negative volume, thought it was UI glitch but others are talking about it too... + +What in the manipulation is going on here!?! + +EDIT 1: Apparently my post got autolocked due to not having enough text? I'll fuckin fix that! + +EDIT 2: Fuck it, I'm calling Fidelity directly, I'll update again once I know more + +EDIT 3: He had to get someone else, so back on hold, in the mean time I've also posted over on Fidelity's subreddit. [https://www.reddit.com/r/fidelityinvestments/comments/n5qurg/how\_do\_you\_get\_a\_negative\_1\_million\_volume/](https://www.reddit.com/r/fidelityinvestments/comments/n5qurg/how_do_you_get_a_negative_1_million_volume/) + +EDIT 4: Second Rep has put me on hold to look into it... Why is Fidelity's music-on-hold so loud? Also, I forgot to mention the first rep said he saw 1 million volume but not negative, So I asked if over half of todays volume took place 15 minutes after close? That's when Rep 2 came on board... Still waiting.- These guys are really nice, just no one has any answers so far... + +EDIT 5: He has confirmed the negative volume, he's reaching out to the "back office" to get a more clear explanation on what's going on. + +EDIT 6: Yep, I'm still here and I promise I won't leave work till I have an answer. - He did come back and ask for some more details, "How are you seeing this?, what time frame is this" I told him it's not limited to Active Trader Pro, that multiple brokerages are reporting a change in the days volume, but did show him exactly where in ATP to look to see it himself. Also told him he could look a yahoo finance to see the volume was at 2.75 million previously. But to those refreshing, yes I'm still here and WILL update! + +EDIT 7: You guys aren't going to like this... but I was basically told they definitely see what I'm talking about. They speculated that it "could be a market adjustment of some type"(no shit). Or "trades that weren't supposed to show up". Basically they were saying your guess is as good as ours, however he said the department that would have more answers is currently closed but to give them a call tomorrow and gave me their number. So I'll follow up at 8am tomorrow, if any of you want to as well the information is below: + +Active trader services: 877-907-4429 hours are 8am EST + +&#x200B; + +EDIT 8: I lied, I have at least one more edit before I call back tomorrow, I want to give another ape credit for this find. His thread can be found here:, please give him upvotes as this could actually explains wtf is going on. I'll be sure to bring it up on tomorrow's phone call. [https://www.reddit.com/r/GME/comments/n5pj2q/negative\_1\_million\_on\_volume\_afterhours\_wtf/](https://www.reddit.com/r/GME/comments/n5pj2q/negative_1_million_on_volume_afterhours_wtf/) + +"But he found this : + +Ok so I found something! Looks like their was issues reported earlier in the day with the consolidated tape association. Who are they?? they keep track of volume and trades on the market. From their website: + +The Consolidated Tape Association (CTA) oversees the dissemination of real-time trade and quote information in New York Stock Exchange LLC (Network A) and Bats, NYSE Arca, NYSE American and other regional exchange (Network B) listed securities. Since the late 1970s, all SEC-registered exchanges and market centers that trade Network A or Network B securities send their trades and quotes to a central consolidator where the Consolidated Tape System (CTS) and Consolidated Quote System (CQS) data streams are produced and distributed worldwide. ." + +Alert issued - [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) + +&#x200B; + +https://preview.redd.it/tipv2cxf5dx61.jpg?width=1081&format=pjpg&auto=webp&s=b8df82305f3a942b02f4d079bff9ce1a9b9bdf42 +Hi guys, + +Many have argued that inflation had peaked but have been wrong time and again. + +Now there are calls for a peak once again but is this really true? + +In retaliation to price caps, OPEC has decided to cut oil production. + +Less supply of something places upwards pressure on prices. + +Higher oil prices = higher core inflation. + +Everything is powered by oil so when it’s price rises, that higher input cost gets offloaded to the end consumer in the form of higher prices meaning higher inflation/CPI. + +So, have we really peaked or is this just the beginning? + +Thanks, Rick +Curious to hear people's thoughts on this. We see article after article saying that most Americans don't have $500 to cover an emergency, yet we also see articles about how 1 Million isn't enough to retire, 2 Million isn't enough to retire. Does that mean like 70% of the population is screwed and is either going to be destitute or working til their 90? + +I tend to visit a lot of personal finance and investing subs which obviously skews to people who save and invest, what's the state of the "Average American" + +Also, how can nobody have money for a $500 emergency yet everyone is preaching 1 Million won't be enough to retire? + +This is anecdotal but most of my peers aren't contributing to their 401k's even with a company match, aren't investing or saving much. Curious to hear how this is all goign to shake out years from now? +FI and freedom from work is a great goal but most people also want to participate in something bigger than themselves. Once you are FI, you have the option of choosing what you want to participate in. Outside of kids or family, what are your "something bigger than yourself"? And why does it draw you? +Archangel token $Archa ✅COINGECKO +✅CMC +✅FegEx +✅Coinsbit + +ArchAngel is not a single use case. It is the center of an ecosystem that is being designed to lean forward and provide solutions to issues before they become problems (or bigger problems). This includes developing functionality which bakes risk mitigation and risk avoidance into innovative solutions that crypto and digital asset users can utilize at the lowest possible level (themselves). + +We are focusing on utility and functionality that solves specific problems within crypto, either those that already exist or that that we know are highly likely to surface with mass adoption. We should expect (and need to admit as a global industry) that the problems we already have in industry and commerce will also exist in crypto, possibly in higher numbers and with higher levels of complexity. + +ArchAngel is going to get ahead of that massive adoption cycle and start to provide solutions early. There are more than a dozen primary sectors within cryptocurrencies and digital assets. Within each Epic, we are focusing on a specific sector and a specific problem to solve within that sector. To confirm dependencies, perceptions, and habits, we sent out a massive survey last week to collect critical data from users. This data will help concentrate our research and analysis through systematic Root Cause Analysis. + +One by one we will build solutions to the common problems we should expect crypto to encounter as it gets bigger. The common person could care less about blockchain. They want to know how they can use it to make their lives better, be more independent, have more control of their finances, and build & manage wealth independent of centralized institutions. We're going to show how this can be done at the user level. + + +👉Multi-Signature project wallets for added security +👉100 Quadrillion Total Deflationary Supply +👉2% Rewards to holders with every transaction +👉45% Burned at Launch. +👉Anti dump mechanisms! +👉100% of Liquidity locked for 1 year through Trust Swap +👉Team Fully Doxxed +👉Weekly livestreams +👉Transparent and “open door policy” development team. +👉[Telegram channel](https://t.me/ArchangelToken) +👉[Official Website](https://archangeltoken.com) +Hi All, + +Hear me out, because this is a serious new coin and a serious project that is going places. + +This is a coin so good! That a competing token paid money and bought bots to downvote and post negative comments about it, they were that angry, that competing coin is no longer with us and was banned for manipulation, good riddance, you can also see this FIRST HAND in our current comment section, same people! same comments! + +&#x200B; + +*\[Note: brigaders from the delisted coin will comment on this post also, they were also part of the organized brigade on our first post, unfortunately we are dealing with 100+ brigaders from a coordinated discord channel that had their coin delisted, all positive comments will be downvoted and all negatives upvoted by them, simply ignore them.\] -* + +**BEWARE:** For *proof if you see $MILK mentioned in the comment section* + +[https://imgur.com/a/dX3AVkI](https://imgur.com/a/dX3AVkI) - *that is their dev bragging about how much money he made, and them organizing manipulating posts on reddit\]* + +&#x200B; + +&#x200B; + +NOW WHERE WERE WE! + +&#x200B; + +INTRODUCING! **$CHARITY COIN -** [**https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3**](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +*(Disclaimer) I know the small project team behind this, and their heart is in the right place, so if you have any concerns/hesitations/issues about the coin, mention them, so i can pass them on and they can be addressed ASAP.* + +Their are MEMECOINS, SHITCOINS, hell even POKEMON COPYRIGHT Coins.. + +&#x200B; + +But then their is an actual project, something with a vision, something with a purpose, something worthy of getting in early due to where it could go, and this coin is one of them. + +&#x200B; + +Now, let me go into some small details, so you get a better understanding of why $CHARITY COIN is going to be the absolute BEST investment you could make as of TODAY. + +&#x200B; + +[www.thecharitycoin.com](https://www.thecharitycoin.com/) + +Official Discord - [https://discord.gg/YCee7rfBku](https://discord.gg/YCee7rfBku) + +&#x200B; + +&#x200B; + +**Pros:** + +**1. 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Which means you don't have to pay no UNISWAP Fees! + +&#x200B; + +**4.MAJOR EXCHANGE LISTINGS** (Currently in telegram group chat with [Whitebit.com](https://Whitebit.com) listing team as we speak) + +Multiple Major Exchange Listings Planned For Q2-Q3 2021 + +\- [Binance.com](https://binance.com/) + +\- [Crypto.com](https://crypto.com/) + +\- [Kucoin.com](https://kucoin.com/) + +\- [Coinbase.com](https://coinbase.com/) + +\- [Kraken.com](https://kraken.com/) + +**5. TWITTER - CHECK** (needs work) link on website + +**6. TELEGRAM** \- CHECK (link on website) + +&#x200B; + +**7. COMPANY DIVERSIFIED TOKENS** + +Purely Diversified Tokens! NO Major Wallet WHALE, all tokens are planned for allocation throughout Q2 2021 (No Rug Pulling) - You can match the two links below with holders and the companies allocation chart, lots of tokens to be allocated to charities/foundations that sign up. + +&#x200B; + +a. Website Allocation [https://www.thecharitycoin.com/pages/portfolio-wallet-allocation-diversification](https://www.thecharitycoin.com/pages/portfolio-wallet-allocation-diversification) + +&#x200B; + +&#x200B; + +b. BSC SCAN - [https://bscscan.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3#balances](https://bscscan.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3#balances) + +&#x200B; + +8. Some major price volatility at listing, however no major token holders sold during this time, which is even better, as they already had the opportunity to take big profits and run, which shows a genuine commitment to the project. + +&#x200B; + +&#x200B; + +[https://www.thecharitycoin.com/pages/buy-charity-coin](https://www.thecharitycoin.com/pages/buy-charity-coin) \- Click Here on How To Buy $CHARITY COIN and get in before this coin does a 100x + +&#x200B; + +**CONS:** + +1. The website could use a little work, however i can only assume they are working on it, as these things do take time + +&#x200B; + +2. Price volatility - something caused a big price spike, and now it has gone back down whilst steadily moving back up, however no major coin holders sold during this time, which is a pro. [https://goswapp-bsc.web.app/0x9294ee37a1bc626a75617553eef797fa2bf97fb3](https://goswapp-bsc.web.app/0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +&#x200B; + +3. They need to grow their social media presence, right now it needs work, but this is normal for newly listed coins/projects + +&#x200B; + +4. They need to be listed on more exchanges, sooner. + +&#x200B; + +&#x200B; + +PANCAKESWAP Coin Code - [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +&#x200B; + +&#x200B; + +**CONCLUSION:** Its all about connecting Charities & Foundations into the CRYPTO space - no MEMES no BS the fundamentals are in the right place, that is what matters most, hopefully they can build and deliver on what they are looking to achieve, if they do this coin will make some early investors very happy. + +&#x200B; + +**EDIT:** In before the same guy shilling his own coin in other posts tells me this one is shit and his is better, happens everytime. + +**EDIT:** If you see a comment talking down this coin, and their post history is about $MILK coin, they are the ones who were banned for trying to take down our project via manipulation, their coin was de-listed, and they are ANGRY, we screenshotted it all + their director bragging about how much money he made from their fake COIN/TOKEN - here is a screenshot for proof - [https://imgur.com/a/dX3AVkI](https://imgur.com/a/dX3AVkI) + +&#x200B; + +**EDIT:** [**https://tokensniffer.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3**](https://tokensniffer.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +✔Verified contract source + +✔ No prior similar token contracts + +✔Source does not contain a proxy contract + +&#x200B; + +&#x200B; + +**$CHARITY COIN PASSED THE SMELL TEST!** +There's a lot happening right now, both within the sub and without. + +Hype about Monday being the beginning of the next big run-up, eviction moratorium predictions, debt ceiling auspices, shilling, etc. Its a lot of stuff all at once. And I just want to say that whatever happens going forward, nothing really changes, since shorts still have not closed. + +Expecting a big run-up on Monday because the TA suggests it will happen? Nice, hope it works out. Though it doesn't *really* matter if nothing happens, since shorts still have not closed. + +Expecting margin calls and liquidations from a market crash triggered by the debt ceiling and evictions? *Might* happen, but it will take time. Doesn't *really* matter though, since shorts still have not closed. + +Will the debt ceiling be increased? No guarantee, but its likely to happen if history is any indicator. Are shills out in force? Sure they are, but that's nothing new. None of this *really* matters though, since shorts still have not closed their positions. + +That's the beauty of holding. And I know you know this. All the drama and intrigue and speculation about immediate developments are just something to muse over to pass the time. It doesn't *really* matter, at least not to me, since immediate developments are not a deciding factor in my investment decision. + +What are my deciding factors in going long on GME? + +I like the leadership. I like the company's cash position. I like the investment in their distribution networks and streamlining of their storefronts. I like the focus on e-commerce. I like the prospects of e-sports and NFTs. I like that GME is a leader in the growing gaming industry and backed by shareholders that believe in the company's ability to deliver. + +And the cherry on top of this cake, is that the institutions that bet on the company's downfall are yet to close their short positions. + +*Short sellers are eventual buyers, its just a matter of timing. And when you are long on a stock, time is on your side.* + +Enjoy the ride, folks. +This is Binance's latest explanation on why the withdrawal fees are so high for ERC20 token: + +> In order to address this, we must first look at the Ethereum blockchain. This image (http://prntscr.com/hyrjmm) shows the growth of Ethereum transactions since the release of Ethereum. You can see that recently there has been an exponential increase in the volume of transactions occurring on the Ethereum Blockchain. What this means is that transaction fees are very competitive right now. If you want your transaction to be prioritised, you are required to pay higher miner fees. Our dynamic system is configured to set the fees to the equivalent of 0.01 ETH/ withdrawal. This amount does not change based on the quantity you withdraw in one withdrawal because on blockchain, a $50 transfer paying a $5 fee is treated the exact same as a $500,000 transfer paying a $5 fee. + +https://np.reddit.com/r/binance/comments/7qxig5/binance_updates_and_suggestions/ + +However, when we check the fees at https://ethgasstation.info/index.php, the fees are not as near as high as Binance claims. So Binance is effectively gouging its customers. And worse, you can't even bring any discussion about "fees" in r/binance/ or your thread gets removed by the Automod. +Saudi Arabia will regret its attempt to drive U.S. oil producers out of business by flooding the world with crude, said shale pioneer Harold Hamm. + +In an interview with CNBC on Tuesday, Hamm said the Saudis have created a “predatory” pricing environment. +“The Saudis turned 1.8 million barrels on, and basically their intent was to drown us. But they’ve not got that done. It’s been a monumental mistake for them, I might add, a trillion-dollar mistake,” said Hamm, the founder and chief executive of Oklahoma-based Continental Resources Inc. CLR, -3.97% , a firm that helped pioneer oil production in the Bakken shale region and a key player in the so-called shale revolution. +Analysts, however, have forecast increasing pain for the U.S. oil industry. As many as a third of American oil-and-gas producers could tip toward bankruptcy and restructuring by mid-2017, according to Wolfe Research, though some may be able to survive if oil rebounds to at least $50 a barrel. + +Hamm told CNBC that the bankruptcy threat has been exaggerated. +http://www.marketwatch.com/story/saudis-making-a-trillion-dollar-mistake-says-us-oil-billionaire-2016-01-12 +[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/) +I'm 18 and in my second year of college (UK), I have recently decided to open a savings account alongside my regular account. I have a job that pays a bit more than minimum wage, so i'm going to start putting 10% of my wage in my savings account every month. Are there any tips from more experienced savers? Maybe things to avoid or things to help me? + +Thank you +So I will soon receive a retention bonus at my job of about 44k. The terms are basically I get the money now and if I continue working there by September 2023, I can keep the money. But if I leave before then I have to pay it back. There's more to it but that's the general gist. + +I overall like my job and don't have any plans to leave anyways, however 2 years is a long time. And you never know what could happen. + +However to make it slightly more complex my wife has recently graduated with her PhD and is currently applying for academic jobs that would start in Fall 2022. + +My job allows me to work remotely from about 13 states (where they currently do business). In the event that my wife lands a job in a state where I can't work remote we'd still be moving. I can apply to be able to work remote in any state, but there's no guarantee it'll be accepted. + +So I guess my question is, how should I go about saving/investing this money? Should I put some % in a HYSA and another percent into like $SPY or another "safer" option? Or should I go all in to one or another? Or a 3rd option I didn't think of? + +Thanks! +This year I ended up owning around $6,000 for federal taxes & had a small refund $300 for State. I just had a kid, so I have the opportunity to change things. I want to make sure I’m not underpaying again for 2020, but also that I’m not over paying. + +Married filing jointly. +My income: $110k +Total household income: $165k +2 children +Max 401k +Max IRA for me & spouse + +Currently I’m claiming 3. Do I keep it there or add/decrease? + +Anything else I can do to ensure the proper taxes are being paid each pay period? + + + + +I’m 31 with 160k in the stock market (80k in Roth, and 80k in a mutual fund), I also have a rental house with almost 150k in equity that generates $600 a month in profit. My late wife and I had a term life insurance policy through her work and I received 200k when she passed in 2017 from cancer. I make about 40k a year as an electrician apprentice, abs should be getting my electrical license this year. I’m a little behind because I took two years off of work to be there for Heather while she was sick so I could take her to all of her appointments which was basically a full time job (which I would gladly do again). As for my financial goals, I would like to be able to retire by 60 and I know the best way to do that is maxing my Roth each year. + +I’m getting remarried in may and we’re working on having a kid. My question is, should I keep my money in the market, or pull a chunk out so I can pad my checking account for child expenses. I don’t keep much in my BOA account right now as my bills are relatively low and I like seeing my money grow. The only splurge I’ve made with my life insurance money was building Heather’s dream kitchen which I look at as an investment. Any advice will would be appreciated. +With bonuses I bring in $190k (bonus payout comes the following year). I currently max out 401k on pretax, get my 6% match, but the employer plan offers no true-up and allows only one Roth IRA rollover per year (no in-plan Roth conversion). + +Is there a way to reach the IRS 415 limit on the aftertax part? + Plan of action help. Getting close to retirement, 5 yrs if I'm lucky (62). Invested and saved my whole life. House will be paid off in a couple of years then no other big debt. + +Everything is coming to a head. Roof is old, furnace A/C is old, carpet old, kitchen old rest of my appliances are aging out. Trying to hold off on spending with the current market. + + What would be the best way to pay for all the updates I will need? Start withdrawing out of IRA's at 59 1/2 yo or investments? Take a loan out? What kind of loan would be the best? Fix everything in one shot or knock out one thing at a time. + +Currently putting money aside for the inevitable to take away some of the sting. Looking for others experience. Thank You +A few stats to start with: + +Me: 45m, single full time dad to 3 +One income: 150k +Job status: getting laid off in a few weeks +House: worth 425k, owe 200k +Savings: 2k +Debt: 8k in CCs, 30k loan from 401 +Credit score: 730 +Monthly expenses: 4500-5k +401k worth: 85k + +I took a 401k loan out last year to remodel the house with the idea of selling the house and paying off the loan this year. But, now I find out that my company is getting rid of mid-mgmt at the end of july and I can probably expect 12 weeks pay (~15k cash). Been looking for a job, no luck so far + +Question is: how do I handle this 401k loan? + +Thoughts I'm having: +...refinance the house, pull some equity, pay off the loan (can this even be done in 3 wks time?) + +...go get a second on the house, pay off the loan, try to absorb another monthly payment with my severance and hope to find work soon + +...do nothing and absorb the (nasty) penalty + +I cant sell the house cuz I wont have a job to get a new loan with... and if I want to refinance or get a second I have to be able to show income, and I only have 1 or 2 more checks coming... so gotta hurry. + +Thoughts? +As stated in the title, Tunisia (North Africa) is going through debt accumulation and might declare default by December 2021. + +The government is negotiating for a desperate loan from IMF (they're refusing to lend us money). + +On a personal note, how can I be prepared, financially, in case the situation goes south? Is there a kind of financial emergency checklist for similar situations? + +Edit: to give you a better insight onto Tunisia's context: +- Tunisian Dinar is used for all transactions. +- It's virtually illegal to posses a foreign currency (USD, EUR) +- We cannot purchase international goodies +- Inflation rate is project to jump from 7% to 24% starting from December 2021. +- Loan rates are around 12.5% + +Thank you in advance :) +It seems to me like the only thing options are good for right now is giving bad actors the option to pull off some master fuckery in the markets, and maybe even wiggle their way out of the inevitable margin calls and liquidations that should be coming their way — all because of some overly greedy, piss-poor, and possibly even illegal, trading activities. + +**Two things I want to cover in this post ...** + +**1) Hiding Short Interest In deep OTM Puts and, more importantly ...** + +**2) Misvalued Puts (w/ an update from today)** + +But first, none of this is financial advice. I may have some of this wrong (and if you spot anything, please let me know). I try my best to stick to the facts, and wherever I might make speculation, I'll point it out or phrase my speculation as a question. Like everyone else, I'm just trying to get to the bottom of shit here, and make sure this is a fair game for everyone involved. + +**1) Hiding Short Interest** + +https://preview.redd.it/ofkx9or6yvz61.png?width=1320&format=png&auto=webp&s=57af01ec7898811a8356b3d21ad4d61077a9f101 + +As everyone probably knows by now, there's a strong suspicion that open shorts are being stashed away in Put options using married Puts. Melvin had a 6MM share Put position that they didn't disclose until April (they tried to get away with not disclosing this position at ll, but SEC eventually said no way). In their latest filing, Melvin shows no GME position at all. Poof, nothing. Problem solved, right? Fuck no! + +If you don't know about this, you can learn about it here: [https://www.reddit.com/r/Superstonk/comments/nacqtm/may\_update\_on\_the\_marriedput\_forensic\_analysis/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/?utm_source=share&utm_medium=web2x&context=3) + +I also provide my own analysis and additional supporting evidence here: [https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**2) Misvalued Puts (w/ an updated example from today)** + +Misvalued Puts ... I almost find this more troubling than Married Puts hiding open shorts because almost no one knows about it, and the only way to detect it is to own one of the Puts affected (and trust me, they are terrible Puts ... I only happen to own any because I'm an idiot. That said, hedge funds own a ton of very bad, very OTM Puts. But why do they own them? Maybe what I'm about to show you has something to do with it ... + +Now I've been posting on this phenomenon for weeks. I've contacted my broker (they basically shrugged their shoulders), as well as an unnamed third party. Still, this problem persists (and in my opinion, it's a big, big fucking problem!). + +You can get the gist of what's going on here: [https://www.reddit.com/r/Superstonk/comments/nbjckf/stress\_tests\_are\_easy\_with\_cheat\_codes\_may\_13/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nbjckf/stress_tests_are_easy_with_cheat_codes_may_13/?utm_source=share&utm_medium=web2x&context=3) + +Essentially, week after week I'm noticing deep OTM Puts are being wildly mispriced by 5x, 10x, 20x, even 40x their correct value. Correct value should be based on the bid/ask spread. The value should be the mid way point ... so if the active bid/ask is $.40/$.80, and I own one of those Put contracts, it should be worth $60 (midway of $.40/$.80 = $.60 x 100 = $60). We multiple by 100 because each Put contract covers 100 shares. Now the problem is I am routinely seeing multiples of this. If I were a hedge fund, this might cause me to look solvent when, in fact, I might not be solvent at all. + +Here's an example from today (May 21, '21 $1940P), and it's different that what I've posted before, and I'll explain how. + +https://preview.redd.it/q08qxcnn2wz61.png?width=2126&format=png&auto=webp&s=805ec3bc46a31b71b0e581f4b37d6df79b18033f + +So the "Value" on this Put contract is begin carried in my account at $280. In all reality, this Put is sort of worthless. If $BKNG doesn't go below $1940 by the end of this week, this thing expires worthless. I lose 100% of my premium (my initial cost to buy the contract, which was $64). $BKNG is at $2245 right now ... so really, there's pretty much no chance this ever going to be worth anything, and the options calculator even knows it too because it's telling me the theoretical value is zero. + +https://preview.redd.it/v33lhpui1wz61.png?width=780&format=png&auto=webp&s=d67134e7f7c25379285ae78912733060dbfd41d9 + +Well, maybe there is just a huge bid/ask spread you say. No, there's not. How do I know? Because when I first logged in to my account this morning, May 21, '21 $1940P was showing a carry value of $430. See below. + +https://preview.redd.it/j0c4b3173wz61.png?width=1582&format=png&auto=webp&s=28c270ff2bdf3b27026e9a71da8c1ca3429f030a + +Now I know that ain't fucking right (let alone all the other bullshit prices above it \[again, options calculator tells me these are all theoretically worth zero)\]. So you know what I did about our little friend BKNG May 21, '21 $1940P. I put this piece of shit up for sale for $1. + +https://preview.redd.it/4ws9qjfh3wz61.png?width=2386&format=png&auto=webp&s=60c952630fc39d4ed5644cb8d2ef2e859a3c388b + +I even waited a little while to make sure the bid/ask was updated in the market: + +https://preview.redd.it/s6qqwcuj3wz61.png?width=956&format=png&auto=webp&s=81fdcb00ba54886c1b84644cfebf729c934b8068 + +And then I checked the carry value in my account again: + +https://preview.redd.it/n7wy6w7m3wz61.png?width=2126&format=png&auto=webp&s=ceab2cf8e72d4618bcb8d15c647cda0edd7f32bf + +$280 now?!! This piece of shit should be at $50 ($0 Bid/$1 Ask should = $50), not $280. That's really, really wrong. And this is adding actual value to my account, incorrectly. If I were on margin ... well, you get why this is a huge problem. + +Put carry values are totally fucked, folks. This doesn't help out retail because most retail traders aren't carrying deep OTM puts. This example here is fairly minor too ($280 instead of $50). I've documented examples where the carry should be $2.50, and it's $1,000 ([https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3)) + +https://preview.redd.it/nz6nirv3dwz61.png?width=984&format=png&auto=webp&s=f4acbade2fa9d5df75076bc06af651883ad9de2a + +**You know who's probably getting fucked the hardest by this — any retail investor long $GME.** + +Here's why: + +As I've pointed out in my previous posts on this, you know who carries a ton of Put options in BKNG? Citadel. Are they benefiting from this "glitch" this morning? + +https://preview.redd.it/sgpc8pby4wz61.png?width=3066&format=png&auto=webp&s=e4f8092abae24fff97c01d5fcdc85bdefa28ebae + +But BKNG isn't the only one. They (and other hedge funds short GME) carry a ton of Puts on all kinds of tickers. And I bet they bought a lot of them for very cheap, and way OTM. The only thing I don't know is, do they all have fucked up carry values like all the examples I've shown. And of course I can't know this because I don't own them, and I can't just look in my portfolio to see what the carry value is. + +If Put carry values are fucked up across the board, I'd imagine this "free money" glitch is very helpful in keeping all those books balanced. + +So what da fuck is up with options, man???? Inquiring minds want to know!!!! + +Edit #1: #BanOptionsTrading + +(at least until all this bullshit is figured out and fixed!) + +**Edit #2: Yeah, so I just got this in my inbox ... fucking sad, really ... shills already lost control of this one thankfully. Must really be on to something.** + +**Spread this far and wide, my fellow apes.** + +[Smells like ... desperation.](https://preview.redd.it/vpkbi9nrnwz61.png?width=1942&format=png&auto=webp&s=918c538c831f3149fa0641a799c6641f5aff247c) + +**Edit #3: Nevermind the above ... I think this was triggered because I included a link about Alex Kearns in one of my comments. Let's not forget Alex Kearns!** + +**Edit #4:** [https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent\_ape\_still\_complaining\_about\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent_ape_still_complaining_about_gme/?utm_source=share&utm_medium=web2x&context=3) +If you want to register this officially/anonymously you can do so here: + +https://committees.parliament.uk/call-for-evidence/77/the-impact-of-coronavirus-on-businesses-and-workers/ + +If you’re unable to upload a word doc because you’re on your phone, post below. I will then upload a link to this thread in the call for evidence before Thursday 30th April 2020. + +* This refers to a situation where your employer is claiming to the government that you are not working, but you continue to do work for them. +As the title says I’m recently sober. I have almost 10 months free from alcohol. I honest to God never thought I would be free from that awful place but here I am. + +I relocated to Austin, TX from Portland, OR to get sober and to stop being a weak loser at the age of 28. Now I’m 29. Around two months of being here, I put pen to paper about my finances. I accumulated around 50,000 total. Yikes, I know. I ended up paying off about 20,000 in 8 months. I still have a remainder of 30,000ish. + +I make 41,000 a year as a line cook. I get full benefits, 401k, paid holidays, small bonus at Christmas. I don’t start work until 3 pm every day so I was able to start walking dogs, house sitting, donating plasma, and whatever odd jobs. I’m moving into my own place in a couple months sooo I’m nervous. I’m single and have no kids. + +I’ve done life style changes to help save such as I dropped smoking, eating out, don’t buy expensive clothes, cut my hair short to not spend money getting it done, limit driving (only to jobs and back). I also invested in a MacBook so that I could teach myself how to code. I purchased some courses on Udemy, follow developers on twitters, and watch YouTube vids, and listen to podcasts. I’m actually getting quite good now. + +I couldn’t work a ton at the beginning because I had a legitimate drinking career (14 years). At ten months, I finally don’t feel like a freaking dumpster fire thats been put out and restarted a billion times. I would appreciate any advice on how to proceed from this point on. + +Goals: Financial Freedom, Career change, investments, emergency fund, spending money (mainly for furniture and things for my apartment), passive income + +I can bring in about 3,000 a month after insurance and taxes are taken out. I have to put aside time to code because I have a major income problem. + +Expenses: +Rent+Utilities: 1,150 +Car/Renters Insurance: 170 +Cellphone: 123 +Groceries: 350 +Gas: 120 +Student loan principal: 156 +Therapy: 60 + +Debt: +Student loans (federal): 28,172 +Credit card: 350 +Car: 600 +Taxes (2022): 1500 (COVID related so I owe, it’s awesome) +TL;DR my investments have been doing great, I'm looking to go travelling full time in the next 5 years, currently not too sure on how to optimise my finances to do so. 🧐 + +The full story: so back in 2017 at the peak of the c r y p t o hype bubble, I invested $200 in B T C and others... And even though I bought it one day before the 2017 peak I was obsessed with seeing my portfolio rise in value without me doing anything. I then spent a lot of time going through valuable resources to see why my investment was and wasn't worth the hype. Long story short I ended up putting 90% of the money I earned over the past 2.5 years into c r y p t o, realising that it would either 100x or go back to zero. + +Lucky me it's been doing pretty well, my **unrealised** gains have just gone over the $150k mark and I'm slowly starting to take profits at a rate I'm comfortable with, probably closing half of my positions over the next 6-12 months. + +Anyway, the actual important bit I want to hear your opinion of. I'm super keen to go travelling full time, spending 6-12 months in a country at a time, and want to position myself adequately to do so for the long-term. Here are some of my ideas, but am keen to hear yours too: + +1. Slowly move my profits away from my current investment and into ETFs (with or without dividends, haven't thought about that yet) +2. Start looking at properties in relatively cheap real estate markets (as I doubt anybody will lend an 18 y/o anything as I don't have a 'secure income') to then renovate and then rent out, also making my flights there tax-deductible \[EDIT: thanks! Now realised flights aren't deductible anymore\] +3. Keep the majority where they are right now which is **very high risk** but I do see this as being a very strong investment in the long-term. + +Some other info that is probably useful to know: + +* I currently have $0.00 in my super. I know I should max it out but I've also heard that you can buy properties through your super, I think? Also not the biggest fan of only accessing the funds 40+ years down the track +* I now have another job which I do remotely and pays me about 10k a year +* I've got a few start-up ideas and side projects I'm interested in and keen to get rolling which might add more funds to my account over the years +* Currently in uni, but might drop out. Although I'm loving the atmosphere, it's a huge workload (engineering) and I rather spend time travelling around +* None of my investments have been held for more than 12 months +* Don't have a high budget lifestyle, considering travelling to NZ for 6-12 months living in a van/camping around the place and hiking around, nothing extravagant +* Have zero debt, no credit cards, car loan or anything + +I absolutely love this subreddit and am constantly inspired by what others are achieving. If any of you have any thoughts or ideas on reducing my tax bill, future investment strategies or where to go from here that would be awesome! ✌️ +Hey everyone, + +I have been house hacking for the past year where I live on one side of my duplex and rent out the other side. I plan to move out at the end of this month and rent out both sides. + +I am in the process of finding renters and someone reached out to me asking if they can sign a lease with me and start using my duplex as an AIRBNB. + +At first, I thought NO WAY that I'd want my place used as an Airbnb but then the more I thought about it, the more I thought that this might not be a bad idea. + +They want to rent out both sides of the duplex at the price that I want. The lady that manages Airbnb will be on the contract and I will get my rent money each month from her. She even says that she will have the place cleaned between each stay (and guarantees to rent them out at a minimum 3 nights at a time to avoid people who rent Airbnb for parties). + +Am I missing something? Does this sound like an okay setup, or am I better off trying to find normal tenants (small family, or group of students since I am by a university). + +Thanks for all of your advice! + +EDIT: No HOA fees. +Hey guys, so full transparency—I’m a financial advisor. I’m not here to sling anything to anybody, solicit my services or push any of my ideas on anyone. I’m actually here to learn a bit about how you guys think and operate as “research” for how to better deal with my real estate investor clients and those that I’m come across going forward. + +My question to you is: + +How do you save and plan to accumulate enough capital for down payments on your rental properties? + +Obviously if you save in cash, you’re losing out to inflation while you wait—not ideal. + +On the other hand, if you invest (with the real estate sector being a part of the overall market) the best time to purchase property is going to be when the market is down. And if your market correlated money is going to be down during the most opportune times for you to invest then that will nullify most, or all, of the outpacing you’ve done against inflation. + +This presents a problem either way you go, so I’m curious how you guys tackle this issue and how you weigh the pros and cons. I have some a strategy that I implement with my clients, but I’m here to see if there are better options out there and pick your brains on the best ways you have found to solve this problem. + +Thanks in advance! +I do not have any formal education in finance, but I was fortunate enough to find a job in real estate development where I was taught how to read, create, and edit a proforma. I'm curious about how investors without this background did their due diligence. What resources did you use? Did you seek the advice of more seasoned investors, or did you do everything on your own? Were there any online resources that you found useful? +Hey guys, curious what you guys usually do in this situation. + +&#x200B; + +So I bought a lot of houses with cash I had saved as well as from selling and retiring from the restaurant business. + +&#x200B; + +Since then, I've been mostly living off rental income, but I'd like to pull money out of 5 homes that I own free and clear. Approx total value of $890k (a mixture of SFH, Condos, and Duplex). I'm thinking of getting back into the restaurant business because I'm quite bored. + +&#x200B; + +I currently have three 30yr fixed mortgages (ranging 3.25-4.5%). My primary residence, and 2 SFH properties. + +&#x200B; + +I've spoke to some banks (so far I've only talked to the big ones like USBank, Wells Fargo, etc...) and they all seem need to see a lot of personal income. I've got my rental income but due to carry forward losses and other stuff, my taxable income is quite low. + +&#x200B; + +I've had a friend tell me something about moving the properties into a company and using commercial loans. I've also heard that small bank HELOCs might be easier, especially with lease agreements (all my properties are rented out). + +&#x200B; + +Currently all of my properties are on my personal name, as I acquired them over time when I found good deals, starting in 2012 all the way to 2017. Never though about moving them into LLCs, though obviously there is some liability benefits to be had there. + +&#x200B; + +Any advice on what a good way to "unlock" the cash sitting in my homes would be? + +&#x200B; + +Thanks advance! +Is anybody in the market in greater ATL? How do we feel about it? I am young, in my first job and looking to dive into rental properties. Ideally looking for an inexpensive home in an area such as Tucker, GA and renting it out. +...ComputerShare is not a custodian. + +From the Share Holder meeting today GameStop addressed one burning question we all have. Why won't ComputerShare offer IRA accounts so we can DRS those shares. The answer was simple "We appreciate the enthusiasm to DRS IRA shares with ComputerShare, but the transfer agent is not a custodian" + +So what I'm hearing is, the effort is appreciated, but we need a custodian to DRS IRA shares. Well here you go! + +TLDR; Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that is likely a taxable event. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. A lot of people message me directly to say that those taxes are peanuts. They are not. And if I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS my IRA shares with a NON-BROKER CUSTODIAN. This is not financial advise, just my experience, and I'm zen af now. + +[u/winebutch](https://www.reddit.com/u/winebutch/) posted months ago about their successful experience with Mainstar Trust. I was able to get my IRA DRS Advice Letter, Account and Online Voting from ComputerShare using Mainstar as the non broker-custodian (NOTE - while you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have an online interface and standard forms for this as well). + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/575j2vbs7a391.png?width=771&format=png&auto=webp&s=2745d45a35fce77368770f6e3789f89eeb433ad4) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/8zzpq0kx7a391.png?width=772&format=png&auto=webp&s=03ea4afc402cbf8afd6d8313393d4b02cc8b1abd) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/nkj04nn18a391.png?width=600&format=png&auto=webp&s=1c62b8a3ed39a79845ab533d9590607490c942e5 + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/smyochh28a391.png?width=620&format=png&auto=webp&s=e3ab058fc8350eece6da187a25028be9ff955e01 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/hkuttph38a391.png?width=638&format=png&auto=webp&s=806c2bbb906e093774ed6a9649ce169371e3c160) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/u1y948948a391.png?width=609&format=png&auto=webp&s=4249f59a43fab910c08f64bf55af2e572d2e7bb3 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/27w3nkf58a391.png?width=1166&format=png&auto=webp&s=64acc899deb85432f2740b31d5e040df1463f7aa + +You have access to your documents and shares as well. While you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have standard forms for this as well. Hope you enjoyed, SHOP, DRS, HODL, LFG! +Repost from /u/Particular-Wedding + +If you use 13F filing data in your investing research then please take a few minutes to read this important message. +You may have already seen the SEC proposal https://www.sec.gov/rules/proposed.shtml?__s=cvwgmhfkxsnsnrbvs6py to dramatically raise the required reporting threshold for 13F filings.   + +This proposal would change the AUM threshold that investment managers must meet every quarter from $100 million to $3.5 billion!   + +To put it in perspective, for the most recent quarter, that would reduce the number of funds that disclosed their holdings to the public from 5,283 to 549 or almost 90% of all filers.  $2.3 trillion in investment holdings would no longer be disclosed to the public resulting in loss of transparency and valuable insight.  When Congress first adopted Section 13(f) it did so to “stimulate a higher degree of confidence among all investors in the integrity of [the US] securities markets.”  Taking this data away will have the opposite effect.  Transparency is what gives investors confidence in US markets. + +One SEC commissioner, Allison Heren Lee, has already voiced her opposition to this proposal.  https://www.sec.gov/news/public-statement/lee-13f-reporting-2020-07-10 +The proposed rule change would be a loss for all of us - it would enable more corruption and opaqueness. + +The SEC should be pushing for more disclosure and transparency and not rolling back existing rules. This can only hurt small trades/investors and provides little to no benefit or savings. + +Comments are already pouring into the SEC.  I am urging everyone to please post a comment on the proposal to the SEC site linked below.  Why should we care?  How are we impacted by this?  Below are some issues to raise.  Please mention them in your comments to the SEC and to your representative in Congress: +Raising the reporting threshold to such a high number will reduce public companies' opportunity to know more about who their shareholders are. +​ + + +- The “justification” for the rule change is highly questionable. +- When is less transparency and less data ever a good thing for the small investor +- Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk. +- In the event of a significant correction the number of reporting managers would be diminished even further.  The S&P suffered a 56.4% decline during the 2007-2009 financial crisis.  A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more. + +SEC Comment Page:  https://www.sec.gov/rules/proposed.shtml.  Click on “Submit comments on S7-08-20” + +Or you can send an email to rule-comments@sec.gov.  Include the file number S7-08-20 in the subject. Instructions are at https://www.sec.gov/rules/submitcomments.htm + +Full SEC Proposed Rule Change:  https://www.sec.gov/rules/proposed/2020/34-89290.pdf + +**TLDR: Write in and tell the SEC “Hell No!” to these disclosure changes. For example: this would mean MRNA insiders would continue to sell before their regular pump and dumps and nobody would be the wiser.** +Some day traders will trade the last hour of the day, from 3:00 to 4:00 p.m. By that time, traders have had a long break since the morning session, allowing them to regroup and regain their focus.  + +The last hour can be a lot like the first when you're looking at common intraday patterns. It's full of bigger moves and sharp reversals. Like the first hour, many amateur traders jump in during the last hour, buying or selling based on what has happened so far that day. Dumb money is once again floating around, although not as much as in the morning. It's ready to be scooped up by more experienced money managers and day traders. End of day trading is also usually dominated by the big boys, and people who lost in the morning but are trying to make up for it.. this can be good and bad for retail traders. while you do see big moves, a lot of people quickly learn that this time of day increases risk significantly. if you tend to trade impulsively or without fantastic resources, you should avoid trading late in the day, and stick to trading OPEN-NOON. This way you have the rest of the day to make up for any potential losses + +**SIDE-NOTE:** Tip to all newbies making large trades; you start trading to make money.. and with that goal comes unavoidable risk and loss. a great way to reduce losses is to sell 50% of your position (or what amount is adequate) to cover 50% of your original investment. Never dive into a trade without doing your research first. Trade what you know. Have an exit strategy. + +\- Failure to plan is planning to fail + +God Speed my friends. +Hello! It's now about 3 weeks since I started my interest in day trading and technical analysis. + +I have read 2 books about it and watched a lot of tutorials since then. I learned the theory of candlestick patterns, chart patterns and major indicators. + +When I start a new "session" I take these steps: + +1. I select an interesting asset (or a completely random one) +2. I look for major economic news about the asset or similar matters +3. I watch the asset using a large time frame (1 day) and I try to understand the major trend +4. I watch the asset using a 4h time frame trying to highlight the major support and resistance zones +5. I use just 3 indicators: volume, 20 and 50 moving average +6. I select a 15m time frame and I start drawing current support and resistance zones. I also try to detect known patterns or candlesticks + +Now, the last point is where I am completely stuck! My brain seems to stop because of too much data and I can't discover any useful pattern! Every candlestick seems so different from the book patterns or forms. + +Theory is completely different from practice and every time I think I got an interesting pattern or trend and I place an order (with stop loss and take profit, of course) I am almost always wrong... + +Do you have any helpful hints? + +Disclaimer: I am ONLY using a demo account for now! Don't worry! + +Thanks! +Tl;dr - The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. + +It's the weekend so I'm going to take the time to share some real life insight into what is happening with the stimulus package from the perspective of a small business owner. It was either this or spend time with my children being a loving and attentive parent ... so here we are. + +I own multiple businesses in the hospitality space in multiple states and have at this point applied for 9 loans/grants including multiple PPPs, EIDLs and a couple of the NYC 75k 0% interest jammers. I've received approval for 3 PPPs but no funding and one 10k deposit that we believe is an EIDL prepay that just showed up in an account one day without explanation. Guidance on these loans has changed multiple times and this is causing confusion and in some cases, panic. + +Here is what you need to understand: the PPP is not enough. Not even close. Under the PPP you can not use the money for anything except payroll, rent, utilities and healthcare. That means no money for vendors (let that sink in). If you do not get a second loan of some kind, have a sufficient war chest or have personal money to jump start your business you are fucked (I'm fine, if anyone cares). Right now most people with small businesses have stopped paying EVERYTHING. + +The only way the PPP gives a win to small businesses is if you are up and running before the June 30th forgiveness deadline. In this case you'll be able to keep money otherwise going to payroll and pay that from the loan. This also assumes that when you are up and running you're going to be doing decent numbers. This is unlikely. + +The money has run out. PPP is waiting on a top up and it looks like NY State is waiting on Federal funding. Not good news. No one knows what's happening with the EIDL's, these have gone mythical. + +Most small businesses will try to reopen but will be saddled with breathtaking debt, a lot of which will pre-date the shutdowns and many of which are only growing. Payments are going to go out in order of necessity to operate the business. Rent, yes. Product, yes. Business insurance required under lease, yes. Everything else is either a maybe or a no. + +If the point of the stimulus plan was to allow for a V shaped recovery, it has failed. + +"But OP, the market is irrational" + +No. It's. Not. + +Right now you're sitting at home eating a toaster strudel with four packets of frosting on it. You drank a case of beer last night. Unemployment checks are posting. You don't have to go to work on Monday or for the next few weeks. Nothing about your life reflects the reality of the economic situation, why should the market. That's about to change dramatically. + +Buy the rumor, sell the news. Every mention of a cure or re-opening the economy is going to cause the market to moon and that's going to continue until we actually re-open. When that happens and we're forced to open our doors and face the reality of this disaster it's going to fall apart pretty quickly. Expect bankruptcies to start within 3 months of reopen. + +Bullish until NYC "re-opens" in May. After that, start buying MRE's. Dance if there's music. +Since Fidelity is currently the cheapest and easiest route to buy GME and transfer to Computer share, why haven’t they implemented anything to slow it down? + +It’s been widely known that Kenny boi and the CEO of Fudelity are now working together in several ways, so why not charge a steep fee and slow down/halt the transfers to Computershare? If slowly locking the free float is causing interest rates to go up, why would Fidelity allow such an easy transfer process still? + +We know they are more than capable of doing this if they so wish. So why haven’t they? +This is the story of a European vacation gone horribly wrong but saved because of an emergency fund. + +A few months ago, Turkish Airlines offered a promotional 50% off ticket for passengers flying out of Atlanta, to celebrate adding that city to their worldwide destinations. We were going to be visiting a friend in Edinburgh, and we could get our trans atlantic plane ticket for the low low price of $1200 each if we routed through Istanbul. + +A bit of research later and with the Internet confirming that (at the time) Istanbul was one of the loveliest cities to have a layover in, we decided to extend our layover to 20 hours, grab a hotel, and have a nice dinner before flying each way. + +Two weeks ago, we toasted our frugality and cleverness with a very nice dinner down on the waterfront of the Bosphorous. + +One week ago, we did the same. (Food in Istanbul proper is dirt cheap; we had an absolute feast for 90 Turkish lyra, approximate $30.) + +Nobody orders a military coup with their vacation, but after we returned to the TAV Airport Hotel after our dinner, we were greeted with armed guides, snipers, and had apparently just missed the tanks rolling by to try to arrest Ertogan. We were eventually let into our hotel after the sound of gunfire was heard in the distance. A few massive explosions rocked the hotel, which is sandwiched in between the VIP building (where Ertogan had fled hours earlier) and the occupied airport. Needless to say, we didn't get much sleep. + +After a terrifying night in our hotel room, we awoke to find our flight back to the US delayed for 7 hours, then cancelled outright. Then the FAA imposed a travel ban on flights between the US and Turkey, with recommendations that citizens who needed to return home "find alternate routes." + +Here's where the personal finance comes in: Our combined emergency funds were about $4000, enough for us to fork over the $3900 in cash necessary for tickets to fly to Toronto and then from Toronto back to Atlanta. Wiping out our savings wasn't an appealing prospect, but certainly better than being stuck in Istanbul indefinitely! + +Fortunately for us, the FAA lifted the travel ban by Tuesday, and we managed to reschedule our original cancelled flight for then and then get a refund on the emergency tickets we had purchased to Toronto. + +Next time we go on vacation, I think we'll take a longer look at frugality vs safety. Cheap tickets sound great until the country you're staying in becomes politically unstable. +On the day the first country in the world adopts bitcoin as legal tender, it drops 20%…Does that sound right to you? + +If that isn’t the most obvious example of nation state manipulation I don’t know what is. It also wholly validates the idea that bitcoin is a threat to these players. It is however only a peaceful threat because they can’t control it and it’s free whether they like it or not. + +GME folks, this is how you stick it to the man! + +Never selling. +A while ago I posted about potentially buying a house instead of continuing to rent, but received some very good advice about waiting until I was more financially stable to rent. + +And then all those plans went out the window because our landlord told us on Saturday that he's selling the building and a realtor will come by on Tuesday. I don't think we'll be evicted by the new owner, as the building is multi-family and would be sold as an investment property for someone else to get paid all our rents. What I worry about is the new owner raising the rent, evicting us in order to renovate, or otherwise making things worse and/or more expensive. + +There is potentially one apartment available to rent in our whole city right now, and while it would be about $150/month cheaper, I'm saving my cash to pay off my student loans and so don't have anything to pay first and last month's rent. It's possible that, by the time the building is sold, more units open up, but right now there aren't any. + +The other option is waiting a bit longer, paying off the student loans, and then buying a house with my excellent credit that will only improve with my suddenly reduced debt. I don't like this idea because we'd be doing so with a time limit, and houses are going like hotcakes right now, possibly because a lot of people are in the same situation we are. We would qualify for a USDA loan with $0 downpayment and no PMI, but it's very likely that (mortage + utilities) > (rent with included utilities). + +Obviously we need to make more money, but I'm frustrated that I'm in this situation against my will and am being forced to choose between three fairly shitty options. +Apparently 70% of crypto movements have been "wash trading".source: [https://www.cber-forum.org/cryptowashtrading](https://www.cber-forum.org/cryptowashtrading) + +What is Wash trading? + +A crypto currency/coin is just an crypto secured code. Does nothing. Just cryptographed code.So you see the listed market price for a coin? + +Basically you can make them go up or down with bidding a higher price then the listed price and executing the trade. (establishing a new market price) + +So someone launches a coin, then they open two or several accounts. And they simply buy the coin, by moving money from one account to the other. Pushing up the listed market price... So it was worth 0$ then now they've moved it up as much as they could with all the money they had.Obviously, if the market price gets high enough they can no longer afford to move the price up past $100 if they can only move $100 back and forth between two accounts, buying and selling it. + +Someone else see the market price and says wowwww the price is going up I better buy. Then they simply sell them coins at the price. It gains momentum when people keep buying into it then when the price is high enough and they see not much more people are buying into it, they simply selll allllllll the coins they have stored pushing the price down to 0 to capture all of pending bid prices. And leaving people who bought these "coins" with a code with a listed market value of 0.This is essentially how "rug pulls" work. (i.e. the Squid Game token going to 0 and countless others) + +But is bitcoin/ethereum etc. operating the same way????Here is a live trading dashboard of bitcoin: [https://www.binance.com/en/trade/BTC\_USDT](https://www.binance.com/en/trade/BTC_USDT)See how trades are being executed multiple times a second, setting the listed price. I believe it is the same but on a much wider scale. + +Look here, at one point, bitcoin crashed to 8k from 65k, because one of their traders "made a mistake". source: [https://finance.yahoo.com/news/bitcoin-briefly-crashed-87-8-143639198.html](https://finance.yahoo.com/news/bitcoin-briefly-crashed-87-8-143639198.html) + +More evidence of wash trading of bitcoin here, notice how bitcoin/ethereum listed price move in lockstep despite being "completely different coins with completely different real world applications" ? [https://www.youtube.com/watch?v=Hvn5uFyow2k](https://www.youtube.com/watch?v=Hvn5uFyow2k) + +They need you to buy into it for a reason. Hence, the heavily promoted lies, and aggressive marketing. Of course, they seem to need you to buy but never sell. + +When the price of bitcoin/ethereum tanked hard, a lot of these exchanges literally shutdown, there by locking people out of their accounts, preventing these people from selling and effectively stealing people's money... They've (coin base, kraken, kukoo etc.) have done this numerous times this year. + +So I ask, if you're "investing" in this heavily marketed, energy draining, digital code, with no real world benefit to the economy are you really just playing the game - buy in and dump on others before the people with large amounts of money can dump on you or is there some kind of real economic driver driving up the price of these coins? +Hey all. Been talking to my mates who are currently in the process of purchasing - we had the discussion recently on what was driving the FOMO right now in the market and whether it made any sense. One person brought forward a perspective which was quite interesting and I thought made more sense of the current craziness in the market. + +His theory was that if you believe the government projections on population then this is the last generation where you can still grab free standing homes in highly desirable suburbs (his words were 'east of the Anzac bridge'). Over the next half century Sydney will see a transformation that is akin to looking at our current skyline and comparing it to the 1960s. In that sense if you hold detached housing now in the lower north shore, eastern suburbs or the inner west then it's likely you will either make bank through conversion to high density or alternatively you would be the equivalent of a bungalow owner in Singapore. Obviously the madness in those suburbs that could potentially be rendered unlivable through rising temperatures is a different story. + +Thought it was an interesting perspective and if we are heading towards global metropolis status then I guess the current market makes a bit more sense. +Realty Income Corp (**$O)** is a fairly popular dividend stock based on what I've seen here in this community. + +With a yield around 4%, and relatively consistent growth over many years, I'm not surprised why many have a position in $O. Also, the stock still isn't back at pre-covid highs of the low 80s. + +If we were to see an increase from the current price to the pre-covid high, it woulod be a 14% growth. + +My question is, do you think there is still room for $O to grow? If so, what are your price targets? + +Thanks for any replies :) +Turning 40 this year and have been disappointed in the "treading water" (losing 25%) of my mutual funds the past 4 years. My 401k was heavy in growth funds (mostly tech) but 4 years ago I left my company for a startup with no 401k. + +Since, I rolled into an IRA, been contributing, and have grown the account to +$200k. This year crushed me (as it did many) and I want to get in at the bottom of some growth/dividend companies. + +With retirement 15-20 years out, where should I be looking to move roughly $150k? + +My initial thought was to go big and roll $100k into JEPI and just keep reinvesting the dividend. From there, should I look at something like SCHD ($25K) & TECL ($25K)? + +Also, what should be done with new cash going into the account? + +The goal is to grow into a $50k/year dividend in the next 10-years. Realistic? + +Any direction is appreciated. Thanks! +Hey guys. Been investing for about a year but mostly sell options for profit in my roth + +I am looking to build my portfolio on a taxable account and was just wondering why do y’all do dividends rather than crypto staking + +I currently don’t stake but basically you have crypto and are able to put it in “holding” for how long you want and are able to generate 10-40% apy. + +With dividends I see most people getting 4-9% return. Thoughts on dividend vs staking? Anyone in here do both? +Hey guys. Been investing for about a year but mostly sell options for profit in my roth + +I am looking to build my portfolio on a taxable account and was just wondering why do y’all do dividends rather than crypto staking + +I currently don’t stake but basically you have crypto and are able to put it in “holding” for how long you want and are able to generate 10-40% apy. + +With dividends I see most people getting 4-9% return. Thoughts on dividend vs staking? Anyone in here do both? +My parents recently started buying rental property and they've never given me a satisfactory response as to why they don't just keep buying more. Maybe I'm missing something crucial, but here's me looking up the first property listed on Loopnet for my area. I read somewhere that you should budget 50% of the rent towards expenses, so I went with that. + +Property Cost: $299,490 + +Down Payment: $74,872.50 + +Monthly Rent: 3,570 (6 units, $595 per) + +Loan Amount: $224,617 + +Monthly Payment: 1,624.57 (15 year, 3.67%) + +Estimated Expenses: $1,785 (would add 8% for management fee) + +Take home per month: $160.43 + +Annual ROI: 2.57% in cash, **17.60%** when you include the principle paid towards the property. + +Obviously this increases very quickly when you reduce your expenses every month. Is there something huge that I'm missing here? +Despite the tobacco industry publicly denying for decades that cigarettes were addictive, they knew very well that they were. The tobacco industry understood very well how profitable addiction can be. Having consumers return regularly to your business and its products because they are strongly compelled to do so by chemical forces outside their control can be fantastic for revenue. This incentivizes companies to make addictive products. + +Alcohol, drugs, tobacco, gambling, junk food, porn, video games, television, social media, etc, etc, etc, are just some of the examples of at least potentially addictive consumer products. Shopping itself can be addictive. For that matter, so can investing. I would say we are even addicted to economic growth in general. Greed may be the greatest addiction of all. Living within our means and being satisfied with enough is not the goal, the goal is always *more*. More of anything and everything. There is no such thing as *too much*, more is always better. + +But more is not always better. Sometimes, more is worse. Health and maximum well being is achieved when one has *enough*. Not having enough is poverty, and comes with all the problems associated with it, but having too much is excess and excess causes its own problems. Neither poverty not excess are good for you. People in poverty need more, and people in excess need less. Unfortunately, our endless pursuit of more in excess stricken societies has left us with incredible amounts of debt, that requires infinite growth to prevent collapse. That is completely unsustainable. Growth will and should continue in developing economies, but developed economies must find a new economic model, one based on enough. Not too little, not too much, but enough. +The gaming industry is gonna explode! + +https://venturebeat.com/games/bain-predicts-gaming-will-grow-50-to-300-billion-in-5-years/ + +If the revenue for In game purchase is 20% of that (I believe it to be much higher, and anyone with that number please chime in!), and if those purchasing are buying NFT’s and need a place to buy and sell those NFT’s? I know a marketplace that is gonna launch. If that marketplace is a reflection of what GameStop has been to us gamers for most of our lives? I’m so fuckin bullish! +Make a list of everything that's gone to shit since you started spending 10 hours a day reading and trading and refreshing browsers. Home repairs. Vigorous Exercise. Diet. Study for class. Read your Bible. Help your wife and kids. Pay your bills. Renew your license. Do your taxes. Clean your God damned room. Throw away useless shit from your life. + +You will feel a hell of a lot better because no matter how much $ you make, you still have to deal with your life. Any by the time you stop caring about crypto, it will start going up again. +We probably won't see it at 300 ever again. Enjoy it now because once the world wakes up to the value of a programmable blockchain there will be no going back. +**1) Intro** + +A common sentiment in this Subreddit is the notion that once Eth scales (Eth 2.0 is fully implemented), massive adoption will follow. Furthermore, it is fully expected that this will drive the price of Ether through the roof and lead to the Flippening^TM. + +While I fully support the first notion, I am not convinced the latter is necessarily true (despite what I want to happen). Mentioning these doubts is usually greeted with downvotes in this sub. + +In this thread I would like to provide some arguments and discuss with you the potential impact of Eth2.0 on the price of Ether and how it relates to the Flippening. + +For the Flippening to occur, by definition, Ether‘s market capitalization must overtake that of Bitcoin. This necessitates that the Ether price gains greatly against Bitcoin (or vice-versa). So let us first examine how the price of each token is determined. + + +**2) Token Price** + +So what determines price? On a basic level it is only supply and demand. Let‘s look at each individually and evaluate the potential impact of Eth2.0. + +*Supply* + +New supply will be determined by emission (staking rewards). More supply is provided by transaction fees sold by validators and whatever people sell on exchanges etc. It shall be noted, that tx fees are not (completely) lost, but mostly recycled in the market. Supply may be reduced by burning of tx fees, people hodling, lost wallets etc. Notably, some Eth will be taken off the market due to being locked for staking. It is not clear though, to what extent this will diminish the supply. + +What seems certain, is that the overall inflation rate ((rewards-burned fees)/total Eth) will be reduced. Long term Eth may even be considered quasi-deflationary. + +So far, so good on the supply side of Eth. We know that that reduced supply will put upward pressure on the price. What we don‘t know, however, is the strength of this effect. Perhaps somebody with better understanding of math or economics can model this, but most people on this sub only speculate and hope for an extreme impact. + +When it comes to Bitcoin, similarly supply will be reduced due to subsequent halvings of the block reward. This bodes well for its future price. + +*Demand* + +Demand for a cryptocurency is determined by its perceived suitability as speculative investment and utility of the token. + +It appears, that Ether‘s speculative value lies in its prospect of future utility, way more so than Bitcoin. And indeed, with scaling and adoption realized, Ether‘s utility will increase tremendously. This may result in a diminishing of its speculative value. Ether‘s utility within the Ethereum network will lie primarily in producing staking rewards for securing the network (running validating nodes) and paying for transaction fees. + +It is conceivable that demand increases due to people wanting to stake more Ether. However, with larger amounts of Ether being staked, returns diminish. Moreover, people can just stake Ether they already hodl so there may be no need to acquire more. Tax issues due to earning interest may be prohibitve for some people depending on the local jurisdiction. + +Overall transaction fees depend on the number of transactions and the gas price with both influencing each other. With large scale adoption one might expect a big increase in spending for gas. What needs to be considered here, is that the gas price will be determined by the utilization of the total network capacity. As we know, this capacity is to increase orders of magnitude. It should follow, that gas costs are reduced accordingly, at least until the network becomes congested again. So while those interacting with the chain(s) will need to have some Eth, the required amount may not be significant enough to make a large dent on the demand side. It must also be noted again that tx fees are likely to be recycled for the most part, unless it is decided that a significant amount will be burnt. + +To summarize: demand for Ether will likely increase. It is not clear, however, to what extent and how much this will drive up the price. + +There is no reason for me to assume that Bitcoin will lose its attractiveness as investment vehicle, largely because its accepted value proposition seems to be „just because“. An increase of utility of the token beyond „store of value“ is not really in sight, which does not appear to detract investors. Demand should therefore remain equal or increase in the future. + +**3) Anatomy of a Flippening** + +In order for the ratio to flippen there are certain scenarios. Let us look at our options: + +A) Bitcoin maintains its value as speculative investment (likely) and Ether gains tremendously vs. Bitcoin at the same time (unclear/doubtful). This would imply moon with an Eth price potentially north of $10,000. + +B) Bitcoin loses value due to decreased demand for its investment properties despite its deflationary nature (unlikely). Ethereum gains significantly due to increased demand and reduced supply (likely). + +C) Bitcoin loses its value due to lack of demand (doubtful) without pulling Ethereum down with it - Ether maintains its value or only slightly decreases (doubtful). + +**4) Conclusion** + +Based on this analysis I expect a long term gain in Ether‘s value. While I would hope for a Flippening to occur, I find none of the scenarios outlaid in the last section highly likely for the reasons presented in section two. So while the Flippening is certainly possible, it is in no way guaranteed. + +I‘m looking forward to hearing your thoughts. More technical analysis and especially sources/math are appreciated. +Our mortgage has ½ in a 5y fixed at 1.19% that I booked in August, and ½ at 1.79% that runs out in December. Since August, the Bank of England increased their base rate by 0.65%. + +Today I called Santander to see how much an early release fee would be to go to a new 5y fixed for the 1/2 up for renewal. + +ERF: far too much + +Interest rate: 2.64% for the same LTV (75%)! More than double the base rate increase?! + +*edit: Also, they were also offering this rate for 2y and 3y* + +And on 5 May the BoE may increase their rates AGAIN :( + +I’m nowhere near good enough at maths to work out what the rate would need to increase by by August for it to be worth dropping £6k now, here’s hoping things calm down. It’s all crystal ball gazing. + +What are people’s views on whether the BoE will change the base rate? +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are NOT excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[FEIM / Frequency Electronics, Inc.](https://fintel.io/n/us/feim)|1|6,516|| +[HSGX / Histogenics Corporation](https://fintel.io/n/us/hsgx)|3|1,307,688|| +[SYNT / Syntel, Inc.](https://fintel.io/n/us/synt)|1|83,804,409|41|3,435,980,769 +[GCP / GCP Applied Technologies Inc.](https://fintel.io/n/us/gcp)|13|1,065,728|25|26,897,754 +[KOD / Kodiak Sciences Inc.](https://fintel.io/n/us/kod)|3|2,510,000|10|25,100,000 +[TA / TravelCenters of America LLC](https://fintel.io/n/us/ta)|1|1,492,691|6|8,381,460 +[CTACU / ChaSerg Technology Acquisition Corp. Unit](https://fintel.io/n/us/ctacu)|1|500,000|10|5,000,000 +[OCCI / OFS Credit Company, Inc.](https://fintel.io/n/us/occi)|5|225,000|20|4,500,000 +[APPN / Appian Corp.](https://fintel.io/n/us/appn)|4|166,910|26|4,285,217 +[NES / Nuverra Environmental Solutions, Inc.](https://fintel.io/n/us/nes)|7|377,800|10|3,747,584 +[RUN / Sunrun Inc.](https://fintel.io/n/us/run)|3|231,357|12|2,653,939 +[HY / Hyster-Yale Materials Handling, Inc.](https://fintel.io/n/us/hy)|514|42,841|62|2,638,540 +[HEI / HEICO Corp.](https://fintel.io/n/us/hei)|9|11,808|88|1,041,587 +[MLVF / Malvern Bancorp, Inc.](https://fintel.io/n/us/mlvf)|10|49,281|21|1,034,901 +[CAG / ConAgra Foods, Inc.](https://fintel.io/n/us/cag)|3|24,112|35|849,948 +[FUND / SPROTT FOCUS TRUST INC.](https://fintel.io/n/us/fund)|4|89,387|7|625,720 +[AVK / Advent Claymore Convertible Securities &amp; Income Fund](https://fintel.io/n/us/avk)|2|40,000|15|587,916 +[FDEU / First Trust Dynamic Europe Equity Income Fund](https://fintel.io/n/us/fdeu)|1|30,000|14|432,003 +[THO / Thor Industries, Inc.](https://fintel.io/n/us/tho)|1|5,000|82|408,700 +[FLDM / Fluidigm Corp.](https://fintel.io/n/us/fldm)|1|34,896|7|254,217 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[GRMN / Garmin Ltd.](https://fintel.io/n/us/grmn)|5|-246,628|65|-15,933,180 +[K / Kellogg Co.](https://fintel.io/n/us/k)|1|-205,000|70|-14,292,334 +[VRSK / Verisk Analytics, Inc.](https://fintel.io/n/us/vrsk)|3|-53,125|116|-6,118,874 +[TPIC / TPI Composites, Inc.](https://fintel.io/n/us/tpic)|6|-197,894|25|-5,009,842 +[MVC / MVC Capital, Inc.](https://fintel.io/n/us/mvc)|1|-449,476|9|-4,229,569 +[ILMN / Illumina, Inc.](https://fintel.io/n/us/ilmn)|16|-13,300|314|-4,179,638 +[NSW / International Seaways, Inc.](https://fintel.io/n/us/nsw)|25|-187,960|21|-4,032,487 +[ACOR / Acorda Therapeutics, Inc.](https://fintel.io/n/us/acor)|3|-199,866|17|-3,365,380 +[CDW / CDW Corporation](https://fintel.io/n/us/cdw)|5|-37,082|83|-3,052,300 +[SHAK / Shake Shack, Inc.](https://fintel.io/n/us/shak)|9|-42,600|59|-2,500,611 +[GHDX / Genomic Health, Inc.](https://fintel.io/n/us/ghdx)|7|-35,500|64|-2,279,230 +[KTN / Structured Products CorTS, Aon Capital A, 8.205% Certificates](https://fintel.io/n/us/ktn)|1|-23,155|98|-2,267,847 +[FICO / Fair Isaac Corp.](https://fintel.io/n/us/fico)|4|-10,000|217|-2,173,376 +[AYX / Alteryx Inc.](https://fintel.io/n/us/ayx)|5|-40,000|51|-2,031,578 +[TTWO / Take-Two Interactive Software, Inc.](https://fintel.io/n/us/ttwo)|1|-13,268|124|-1,640,257 +[CRSP / CRISPR Therapeutics AG](https://fintel.io/n/us/crsp)|1|-80,000|19|-1,540,000 +[LLY / Eli Lilly &amp; Co.](https://fintel.io/n/us/lly)|1|-10,672|116|-1,237,013 +[HLX / Helix Energy Solutions Group, Inc.](https://fintel.io/n/us/hlx)|1|-110,000|10|-1,057,100 +[AIR / AAR Corp.](https://fintel.io/n/us/air)|1|-22,570|44|-994,163 +[CRCM / Care.com, Inc.](https://fintel.io/n/us/crcm)|1|-34,925|21|-733,254 +[NG / NovaGold Resources Inc.](https://fintel.io/n/us/ng)|2|-164,690|4|-671,248 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I’ve started doing research on ETF’s which seem like the perfect option because it’s immediate diversification while buying a stock in a company will be more prone to fluctuations. Are there any downsides to ETF’s? +Im very new to the wheel and it seems like im going to get assigned. Sold SOFI 10.5 2/25 puts the other day and its not looking good. What deltas should I sell calls at now? +Hello theta gang. It was an awesome two weeks for me selling puts on all the big names the day before/leading up to their earnings annoucements. Although on some it was kind of depressing to see how much I could have made if I bought calls on them, I swore off option buying forever at earnings and pretty much never buy them at all anymore unless I am really confident and its a small play + +I just joined theta gang full time in late March. I have been killing it selling cash covered puts and I know I started at the perfect time with premiums super high and the market on an upwards bounce. I have only had to roll back one position (to a longer date of expiry and slightly lower strike) otherwise have bought back everything at minium 70% profit and even let quite a few just expire worthless + +I was curious to if anyone has had some serious horror stories from selling puts? Like, a stock plummeting past the strike price and even though you still had two weeks until expiry you were assigned a stock worth 30% less than the strike or something crazy? + +I have read that early assignment is very rare. I usually sell about 45 days out, watch the positions closely and if they even get a little close to ITM I roll them out. Risk seems very small doing it like this? + +Curious about your stories as this is some of the easiest money I have made. I would have made a lot more had I just bought calls on most of the things I've been selling puts on but hindsight is 20/20 and I sleep MUCH better selling puts rather than buying them/buying calls + +Sorry for the long post and thanks for your input! +The wife and I previously rationed ourselves to one "big" holiday a year, and by "big", we meant one £3,000 ($4,000) trip all in. We booked a trip to a specialist resort in Jamaica this year, and had started planning a trip to South America for next year. However, the trip to Jamaica was so incredible and we had such an amazing time that we've decided to make it an annual thing. However while normally we'd make that our "big trip", we also enjoy the travelling the "big trip" budget allowed us, and we don't want to lose that in exchange for the Jamaica trips, so we've decided to up our travel budget and go to Jamaica each year while sticking with the previous travel budget we had. Sure it costs more, but we had such a fantastic time there (the reasons why are probably best for another thread so as not to distract, but it was very "us", shall we say) that the additional cost, and therefore pushout of FI, is worth it. + +So for you all, is there a thing, hobby, activity or anything that is expensive and generally considered anti-FI that you do, because you feel the benefit or enjoyment is worth the expense? A fancy car? Nice holidays? Big house etc? +Just looked over the accounts and I think I have hit a tipping point. Like appreciation outpacing contributions. No doubt everyone has had a good year so far. Sure, we’re all going to get wiped out by the recession next week. Feeling good for now though! +The transaction malleability issue in bitcoin isn’t something that makes new transactions just generate on their own. It means that if you’re able to modify a tx hash and broadcast it out, you can *claim* that the transaction never happened, if the sender’s client hasn’t been configured properly to keep track of modified transactions. + +The only way to then generate a 2nd transaction to make up for the first one, is to *manually report the renamed tx as lost to the sender*, who then has to go and *manually* send out a new one. In reality, malleability is not actually an issue with bitcoin, it is an issue with the operators responsible for sending transactions. + +There is no possible way they would have manually pushed out so many malleable payments that their balance went to zero. What they’re claiming here is that the attacker was able to do it on their own, without having the operators manually process 2nd payments. + +There are a few options here, none of which add up to what the SR2 operators are claiming: + +- A hacker got the bitcoin, but it was an old school private key or database break-in, not anything to do with malleability +- The SR2 system was specifically designed to somehow automatically re-send transactions for which it could later not find the original tx hash +- The operators of SR2 see the malleability issue as a cover for their theft + +#1: The SR2 operators seem pretty confident that it was not a regular prvky/db theft so why not take them at their word? + +#2: This is tantamount to a malicious implementation anyway, so if it were programmed like this, which would be beyond stupid, it should equate to the operators being guilty of the theft themselves anyway + +#3: The only reasonable conclusion + +Their talk of honesty and integrity was and is a ruse. This operator should never be trusted again for anything. + +Anyone else have an alternative explanation? If they're innocent, they have some explaining to do. +Got a notice a little while ago that I was ID'ed as being able to benefit from a class action lawsuit that got settled. I filled out the form and expected to get about $75. That was 6 months ago. Just opened up the mailbox on Saturday and received $632! Totally awesome and unexpected. I guess they didn't get a lot of responses back and gave people a larger share of the pie. It is worth it to fill out those lawsuit settlement forms when they come once every blue moon. And yes, the lawsuit/settlement is legit - I had my lawyer cousin double check the case for me before sending in my info. +So i know how options works, kinda, because I don't understand how so of y'all on this sub making lile 3000% on some options if you have to pay for the contract + the inssurance. Isn't it more profitable to directly buy the stock instead? +I found these data from MyForexFunds (MFF) and I was really surprised by the low sucess rate. I think the data were so stunning that MFF decided to remove them, for some reason I cannot find the link anymore. However I took some snapshots! + +Basically the percentage of people withdrawing more than one dollar was the following: + +October 2021 : 0.22% + +November 2021: 0.072% (yes there is no extra zero... it was really zero point zero seventy two) + +I could not find more data, but I think that these ones are stunning enough. + +&#x200B; + +https://preview.redd.it/1y7of9icia8a1.png?width=496&format=png&auto=webp&s=37b77376dff134c350c740f1c382febee57dace0 +I’m a 27 year old whose worked since 15 and I’m starting to get a bit more serious about finances. My super is sitting at about $19k right now and according to ANZ someone my age *should* have $45k. + +So I can set a benchmark for myself I’m wondering a) where you’re at (either at a similar age or where you were at mine) and b) whether I need to seriously consider salary sacrificing. + +I’ve had my super set to the high growth option for about a year, but I’m feeling like having my account so low right now will really punish me in the long term. + +I’m on $80k, and my part time uni degree ($25k/yr) is tax deductible if that changes your answer. HECS is biting pretty hard (and growing) so debating paying that vs more super. + +* side note, young women never talk finances/ETFs/Super and I love that it’s starting to change. If you’re a woman/have female friends please be the advocate my friend was for me and help change the perception that finance is a boys club! +This community has many people in need of mentorships but few people willing to educate and mentor others. + +I’d like to make this thread for any volunteers to put information for others to contact them. + +If you are looking for a mentor do not comment, browse + +Please respond in this format ex. + +Name: John Doe +Specialty: Options, investing +Experience: 4 years trading +Preferred way of contact: reddit Pm + +Thank you to anyone volunteering +Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex. + +We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up. + +The theft is being reported to—and we are co-operating with—law enforcement. + +As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected. + +We will post updates as and when appropriate on our status page (Bitfinex.statuspage.io) and on the maintenance page. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach. + +**Updates:** As it stands, we are continuing to investigate the hack and understand exactly how relevant systems were compromised. We are also cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins. In the meantime, we have been working on getting the platform up and running on a secure instance so that users can log in and see if their accounts have been affected as well as the state of their positions and orders. We hope to have an update with more substance later today UTC time. +*** + +FAQ: +How much btc was stolen in the hack? 119,756 +Was any LTC/ETH/ETC/USD stolen? No, only bitcoin was stolen. + +I'll continue to update this, but I'm going to go back to answering messages now. As I see questions come in i'll update the faq. +After taking all of the advice and feedback I got from you guys during the Beta, the app is finally live and available in the App Store. I’ve also added a few more great features! One feature being you can set Strike price alerts to open up directly into Robinhood or ThinkorSwim. + +Checkout it out! I Hope it helps 🤙 + +[Strike App](https://apps.apple.com/us/app/strike-stock-market-alerts/id1515729349) +This sub has become really dull after the Comedy flair was removed, 90% of posts are news posts that never get upvoted and are not worth the 250 donut tax so soon everyone who has signed up for donuts will stop posting news too. + +The memes of r/ethtrader were honestly the best compared to other crypto meme subreddits. + +I propose we bring back the "Comedy" post flair with a 10% donut reward as usual to allow memes, jokes and other fun posts. + +I think the 10% reward is fair as most of the memes are reposted or low effort. + +I want to hear what you guys think. + +Edit: Here are the final rules. + +If you vote YES: + +* Comedy posts are welcomed back on the subreddit. +* Comedy posts only receive 10% donuts. +* Pay2post is in effect. +* More donut tips are required to keep them up, halve the amount of time the post is kept up per tip. +* Limit Comedy posts to one post per user per day. + +If you vote NO: + +* Comedy posts remain not allowed. +The Ethereum Foundation is facing a problem. *The* problem. How do we scale Ethereum? That is when they notice you voting on this poll! They rope you in, and you are now advising the Ethereum foundation on how to scale Ethereum for donuts. + +Here are your options: + +Sharding - As long as there are sufficiently many nodes verifying each transaction that the system is still highly secure, but a sufficiently small percentage of the total validator set that the system can process many transactions in parallel, could we not use such a technique to greatly increase a blockchain's throughput? + +Plasma - Plasma scales Ethereum blockchain by optimizing data passed onto the root blockchain. Plasma is composed of two key parts of the design: Reframing all blockchain computation into a set of MapReduce functions, and an optional method to do Proof-of-Stake token bonding on top of existing blockchains with the understanding that the Nakamoto Consensus incentives discourage block withholding. + +State Channels - Lightning-network style payment channels but for arbitrary state updates. Participants in the Dapp send messages with transactions to each other that update the state but do not publish them to the chain. If one of the participants leaves or tries to cheat the other one can at any time publish the latest transaction to the blockchain to finalize the state. Just the threat of publishing to the chain is enough to keep participants honest. + +Raiden Network - Ethereum's version of Bitcoin's Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments. + +Projects like Loom involving dPoS are excluded from this poll. 200 Donut reward for giving a simpler explanation for any of the four options that I update to this post. + +[View Poll](https://www.reddit.com/poll/9tc86g) +Usually under 5% of my orders are executed on a daily basis. I send in around 100 orders a day. I just pick middle of the bid-ask spread. All these orders are for options credit or debit spreads. + +Is there a way to assess likelihood of order execution? I have looked at bid ask spread, bid ask size, volume on that day... + +Any ideas what else I could look at or is there a threshold I should use for bid/ask size or spread? +I suffer from a chronic fuckarounditis when building my algo trading stuff but it usually tends to be to my benifit. + +Right now the script plays a note higher when the taker order is a buy and a note lower when the taker order is a sell. The length of the note is based on standard deviations of order size, from the last 500 trades. + +The issue I'm having is that the notes sound like crap, I'm using numpy to generate the sound,any tips on making them sound like nice harmonic twangs rather than abrupt beeps? + +Python also tends to be pretty slow for dealing with live trade information, maybe I need to just post the data to a sql database and the other musician app can read and delete from there? + +Edit: + +The intervals between trades tend to be oddly spaced with weird gaps. A jazzy approach might be a good idea. Or you know, dubstep. + + +**Background:** I am a crypto enthusiast who has spent at least 5 hours/day for the last 6 months reading crypto whitepapers, 'expert' analysis, twitter leader sentiment, technical trader analysis, and reddit forums ;) + +I believe 2018 will be a good year for crypto, although nothing compared to the 33X the crypto market grew in 2017. + +**Overall market prediction:** The overall market will grow another 4X, bringing the market cap to 2.2 trillion US dollars. Although bitcoin will remain the leader, the altcoins will gain a substantial percentage of the market. At the end of 2018, BTC will hold 31% market share. + +**Bitcoin Vs. Bitcoin Cash:** Although this could go either way, I believe Bitcoin Cash will continue to gain on Bitcoin until an event in the middle of the year that will send either Bitcoin skyrocketing, or bitcoin cash plummeting. This event will either be Bitcoin dramatically decreasing its cost and time to send or bitcoin cash failing at attaining its vision. + +**Top Picks for 2018:** + +1. Ethereum (+1200%) - An almost guaranteed to see huge returns, as more and more ICOs are taking place on the Ethereum platform. Ethereum will continue to be a safe pick to grow in 2018 and beyond. + +2. NEO (+900%) - China will play a huge part in 2018 crypto and NEO is looking to be the lead dog in China. Keep an eye on VeChain as well. + +3. Request Network (+850%) - Lesser know REQ is vastly undervalued as it brings tremendous potential as a currency exchange platform. + +4. Ripple (+750%) - Garnishing a lot of hype these days, Ripple will get listed on Coinbase in the first quarter of 2018 and will continue to crush it. The vision of bridging crypto and Fiat banks will make XRP a player for years to come. + +5. MaidSafeCoin (+700%) MAID will get on a couple new exchanges such as Binance in early 2018 and will have a large boost that will carry through the end of the year. This solid coin has been a second thought as of late but will surge back into the mainstream. + +6. LiteCoin (+600%) - Litecoin has a tremendous dev team, a powerful backing, and the makings of a long-term phenomenal coin. LTC will narrow the gap between it and Bitcoin while continuing to garnish a top 5 market cap. + +Bonus. 0X (+400-1200%) - Decentralized exchanges will emerge as a theme in 2018 and ZRX will control the top spot. This coin has the potential to be a steady gainer, or shoot to the moon if adopted by the masses. + +What are your thoughts? +Just a small "hooray!" Moment that I wanted to share with the subreddit that helped me (At only 20 years old, I've been a long time lurker) start becoming more capable. I mean, I only have $480 in the bank right now, but I've finally managed to have a week's paycheck socked away in savings! ($300) Thank God. I'm still paycheck to paycheck, and I will be for a long while (I work 2 jobs, one is an unpaid apprenticeship), but right now? It feels pretty damn good. 😊 + + +[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!* +One of Us! One of Us! + +&#x200B; + +Link: [https://www.reuters.com/article/us-tyson-foods-beyond-meat-idUSKCN1S026U](https://www.reuters.com/article/us-tyson-foods-beyond-meat-idUSKCN1S026U) +Read it, please. Realize what it says and quit acting like this is the end of bitcoin as a currency. + +http://www.irs.gov/pub/irs-drop/n-14-21.pdf + +EDIT: This here post on this 27th day of March in the year 2014, shall server as record of the inablilty of the /r/bitcoin community to verify something before believing it. +What started as a simple memecoin quickly grew into an idea that has created a community like no other. The idea was simple – earned reflections from the token simply outweigh the benefits of short-term trading – and it worked out. As our community grows, the chances of 4chan500 becoming the go-to BUSD reflection token increases as well. And here’s why you don’t want to miss out. + +Unlike most reflection tokens, $4CH5 directly rewards the holders the most by giving a majority of the 12% transaction fee back to its holders. This ensures that unlike most reflection tokens, passive income from reflections makes the investment viable. The added 2% liquidity tax also makes sure that price volatility, as time goes on, decreases as well. And that’s not all – the project aims to develop tools that will help find the investor the most viral new coins on the market, such as: + +- Being able to observe market trends (4chan, Telegram, Twitter mention tracker) + +- Coin Sniper Bot + +- Liquidity Tracker + +Still not sold? We have also been audited by Solidity.finance just a couple of days ago. + +TL;DR: + +✅ Locked Liquidity + +✅ Fair Launched + +✅ Ownership Renounced + +✅ Solidity Finance audited + +🖥 4CH5 Market Analytics Tools Coming Soon! + +📝 Tokenomics: + +💵 1 Billion Tokens + +💰 12% Tx Tax, 10% BUSD Reflections + +Telegram Community: https://t.me/fourchan500official + +Twitter: https://twitter.com/4Chan500biz + +Website: https://4chan500.biz/ + +Contract Address: 0x5325baa42dc7604f427a8bde6732f83c19028942 + +Get Your Coins Here: https://pancakeswap.finance/swap?outputCurrency=0x5325baa42dc7604f427a8bde6732f83c19028942 + +Chart Link: https://www.dextools.io/app/bsc/pair-explorer/0xe74b46c9a072c83e8dbfab8f3f6d14d1852de627 +How I did it: This time last year I bought Quickie Microfiber cloths, 3 packs at $10 per pack of 24. + +Instead of buying paper towels or napkins, I would use a microfiber wipe and toss in the laundry. + +To keep myself accountable, after I did towel laundry, I'd put $8 into a jar in the laundry room, which is what I spent every month on disposable paper goods in 2017. + +It wasn't much of a switch, and they work better than disposable products for cleaning. Havent needed to use as much cleaning products for cleaning while using these microfibers. So, yay. + +Get ... less-poor.... slowly! +[Cigna to buy Express Scripts ](https://www.cnbc.com/2018/03/07/health-insurer-cigna-is-close-to-buying-express-scripts.html) + + +As a CVS investor, I’m wondering how this move will effect the stock. Looking for your opinions. +&#x200B; + +[a text message regarding vote from Kiwoom, the biggest broker in the country.](https://preview.redd.it/lpefchdn1sx61.jpg?width=1284&format=pjpg&auto=webp&s=de580cc73baeac3779cfe4b5b3c0f782cd6cf44e) + +I, as an ant in South Korea, have just received the official notification about proxy voting from Kiwoom, the biggest broker in the country. + +It turns out that we ANTS in South Korea DO NOT EVEN NEED TO VOTE on our own since every single GME hodler using the broker is automatically counted as saying 'aye' to all the vote questionnaires. Only those with 'nay' would have to call the broker to vote against the direction the company's going for but wait noone in their sanity would go out of their way to do so, we believe. + +And this is being done with the biggest broker in South Korea. So it seems likely that about 80% of the ants in the country have already done their duties and are making sure the rest using other brokers follow in our footsteps. All we ever do other than buyin and hodling is read your god tier DDs and make sure every single ant here vote. 🚀 🚀 🚀 🚀 + +**Edit : I've double checked this to be true as someone in the comments pointed out that its almost too good to be legit. Note that the broker in question has the history of having done the same with AMC's vote, which leads me to believe there's almost zero chance of them being shills.** +I’m in a bit of a tricky situation. I’m a tenant living paycheck to paycheck who was stood down without pay relatively early on in this crisis. I was upfront and communicative with my property manager from the word go about my situation (I have a letter from my employer basically asking for leniency on my behalf due to the financial hardship caused by their sudden standing down of all employees) and at first things were friendly. I asked if there was any chance that the landlord would agree to temporarily lower my rent (by any amount at all) just as a good will gesture to help me get through this tricky time but was told it was highly unlikely they would go for that. I have not heard from the landlord at all, the last message was to say that they hadn’t responded to my request and this was over a week ago. I sent a reduced amount of rent for my last payment because it’s literally all I could afford. I then got a template email basically outlining that it’s “extremely important that I meet the terms of my lease as signed”. + +Do I have any rights/ access to help in this situation? The moratorium on evictions doesn’t really protect me from being blacklisted or any other consequences and is only temporary in nature. I’m hoping that I will be provided with this JobKeeper payment by my employer soon, however this is significantly less than I was earning and simply doesn’t cover my expenses with the full rent amount included. + +I’m at a loss for where to turn here, I’m not a freeloader or trying to take advantage of the situation and I hate the idea of not being able to pay the full rent amount but I’ve been genuinely thrown into financial turmoil at the flick of a switch. +I’m sure we’ve all heard of the glory days where 1 parent would work 1 job and the other be a stay at home parent, and they would have enough money to feed a house of 2.5 kids and 2 dogs and all that good stuff… + +What is preventing wages in Australia from returning to such levels that a lifestyle reminiscent of the 1950-70’s, or cost of living to decrease if wages remained in the similar level they are at now? +Facebook set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017. That's a little under 2% of the current market cap + +shares were up 1.1 percent at $118.24 in after-hours trading + +[more here](http://blogs.barrons.com/techtraderdaily/2016/11/18/facebook-sets-6b-buyback-plan-chief-accounting-officer-resigns/) + +also, chief accounting officer, Jas Athwal, has resigned after almost 9 years at the company, effective February 17th. +I have been reading on Hong Kong protest forums that protesters are planning a bank run on Chinese banks tomorrow. I have read that they are all planning on pulling out 10,000 hkd and converting it to USD and some are even planning on closing their accounts completely. Has anyone else heard about this? It hasn’t been reported by any major news sites yet and Hang Seng futures are currently up. What effect will this have on the economy? Could it send them into recession? +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! + +There seems to be two extremes in investors: either you are a hodler or trader. Personally, I am a hodler. I plan to stay with ETH for the long haul, but for hodlers like me I would like to know your opinion. Are you just going to hodl indefinitely or is there a point where you will cash out? + +Also, in your opinion, how much ETH do you need -- or in general -- to be life changing? For me, it's 50 eth. If eth hit 500 and I had 50 I'd cash out. +I'm a long term Bitcoin holder and have been buying some Ether over the past few months. + +So I read that Ether isn't really meant to be money like Bitcoin is, this is mentioned in various Ethereum communities but I cannot see any official word on the matter. + +If that is the case, then what is meant to be the gold standard for Crypto currency? Bitcoin? + +This doesn't make a lot of sense to me, I can see that Ethereum and the foundation are innovating a lot, potentially making Ethereum into perhaps the fabric of the internet. (word computer...) and if they truly believe in that, wouldn't it make sense that Ether actually be money? I mean I get that Ether is gas for contracts/programs, but in a way they are also developing what seems to be a very advanced form of ownership and money. + +Sorry for the rambling, I suppose what I am asking is Ether a worthwhile investment if it's not supposed to have value, or is it a case where Ether is meant to have value but isn't meant to be used to buy stuff (as money). + +I can't help but read things like this: http://vitalik.ca/files/mauve_paper3.html and think to myself that the Ethereum project could potentially replace Bitcoin as the gold standard for Crypto money. + +Just looking for your opinions. +I live 6 hours ahead of American time and my Portfolio is always doing great before the American market opens (which is 3:30 PM for me). +As soon as it's 3:30, every stock drops into the negative. +Why? Im sorry If this is a stupid question. Im quite new to stocks, but I just don't understand why this happens with EVERY stock? Are you guys mass selling as soon as the market opens? (By the way, this did not only happen the last few days, it's every day. Sometimes more, sometimes less). +Thank you for any answers. +A member from the Bitcoin Brazilian Community is climbing Everest and, if he succeeds, will put a Bitcoin flag on the Earth's highest mountain. The current news is that Allex Ferreira (the mentioned member of BR community) will arrive to the Everest Base Camp in about 4 days, where he should put the Bitcoin flag (at an altitude of ~5,000 meters). + +Here is one picture: +http://i.imgur.com/323Iadd.jpg + +If it succeeds, Bitcoin will be (really) nearest to the Moon. Go Allex! Go Bitcoin! + +# #ToTheEverest #ToTheMoon + +**[Update 1]** Some guys asked for his Twitter or Facebook account to give some tips, but I just have find his Flickr (yes, he is a photographer): https://www.flickr.com/people/allex-2501/ + +**[Update 2]** [CoinBR](https://www.coinbr.net/), a brazilian Bitcoin company, is the responsible for sponsoring the Allex travel to Everest Base Camp. We should give credits to CoinBR, otherwise this travel wouldn't be possible. Here's a picture of another flag: http://i.imgur.com/N75b65k.jpg + +As all of you have noticed, Everest Base Camp is not "almost on the top" of Everest, so I've changed the description to "put the flag on the Everest". Hope that's okay now. +I was listening to RJ's latest interview and he mentioned at a point that he is having 1 cr worth of PPF corpus. Exactly where he says https://youtu.be/PT0UQMhgpFc?t=1740 + +1. Did I hear it correctly or was he saying something else? + +1. To have 1 cr worth of PPF, how many years + he would have been contributing? + +1. Delighted to hear, Big Bull himself using PPF for his debt needs and limit his risks :-) + + +The financial year is soon to end (many offices are asking for IT declarations). People are rushing to make ELSS investments and the indices are following their annual trends of surging pre March. + +That could probably keep NIFTY up for a while but this seems like a disaster waiting to happen. + +A stock market crash is definitely gonna make this slowdown worse. + +That being said, the indices are high regardless of the pre March spike. What's your take on this? +Which companies will survive the next 20 - 25 Years according to you. + +Looking to invest for 20+ yesrs.. (not kidding) on invest and forget strategy.. Which companies will be best in this regard? + + +My Pick is + +HUL +ITC +Reliance +L&T +PGHH +TCS + +Can't seem to form Judgement on Banks.. Any Others picks will be appreciated. +Which companies will survive the next 20 - 25 Years according to you. + +Looking to invest for 20+ yesrs.. (not kidding) on invest and forget strategy.. Which companies will be best in this regard? + + +My Pick is + +HUL +ITC +Reliance +L&T +PGHH +TCS + +Can't seem to form Judgement on Banks.. Any Others picks will be appreciated. +My parents are 54 and 49. Currently, my father and I both have a cover of 2.5L each covered under GMC by our employers. He also has a pre-existing disease for which he may need regular dialysis in future. + +He recently had COVID too and is now considering retiring. His doctor had advised him to get health insurance with a cover of 10-15L. I've opted for a 15L top up with my employer's GMC and planning to get another health insurance for my parents with a cover of \~15L. + +I'm fine with a waiting period on the pre-existing disease of a maximum of 3 years. Can you please suggest a good policy? I've stumbled upon Max Bupa Health Companion on PolicyBazaar. Does anyone know how good is it? +So with RBI effectively banning banks from exchanging money with cryptocurrency , how is it going to impact current customers? My uncle who used to abhor me for not investing in his crypto MLM is not picking my phone now... + + +Recently got a mail that I have to do KYC again for opening a Demat Account since now they have change their method of providing their broker services. + +Link - [https://www.paytmmoney.com/blog/regulatory-update-regarding-your-direct-mutual-funds-investments/](https://www.paytmmoney.com/blog/regulatory-update-regarding-your-direct-mutual-funds-investments/) + +&#x200B; + +>The account opening is completely free and you will not be charged at any point during this process of account upgrade. You will only be charged once you choose to add funds to your Demat account to place a trade. You can view all the trading related charges on this [blog](https://www.paytmmoney.com/stocks/pricing). + +&#x200B; + +Nothing mentioned upfront about AMC on the Demat, only that account opening is free. Why would I want a Demat for mutual fund investments. Curious how many of you are now gonna continue your Investments with Paytm Money. Also suggest other MF Investment App to switch. +We all generally do Tax harvesting every year. It is pretty simple and basic. But I have a very specific question on how do you maintain your portfolios after Tax Harvesting. Let me expand the question now. + +Let's say, I'm investing in SIP for 5 years and have invested 10 Lakhs in total. Imagine this portfolio had grown to 13 Lakhs now. In this case, my total investment is 10 Lakhs and Gains so far is 3L. + +Now, I decided to book 1L profits this year to utilize LTCG benefits. This is pretty straight forward and I'll buyback the units for exact same amount the same day (using additional capital temporarily). Also, harvesting is easy if we create separate folios every year. + +You booked profits and re-entered at a higher price. You will keep doing it year after year. This is where it gets complicated. There are 2 major things to consider here. + +1. How do you track what is actual (original) cost of your total investments? Since we book profits every year and re-enter at higher cost, Is there an easy way to track original cost of investment? I am thinking about building an excel template but wanted to check whether someone tracks it already? +2. This is mostly on psychology side. Let's say you are a longterm investor and there is a market crash. You open your portfolio to see deep red even though your investments have grown well over the years and in-fact is in green. (Example: You invested 10L over 20 years and harvested 10L profits over the years and re-invested. In this case, actual investment is 10L and profits are 10L which were re-invested. So as per MF dashboard, your actual investment is 20L. When market crashes consider your folio value goes to 15L. Even in this case, you are still in 5L profits on your original investment but Dashboard will show it as 5L loss). This might affect us psychologically. To counter this, we should track our actual (original cost). + +So, I'm asking again. Is there an easy way to track original cost of investment? I am thinking about building an excel template (which will keep track of profits booked YOY) but wanted to check whether someone tracks it already? Or, is there any platform which populates this information? + +Note: I don't think I'm over-complicating this aspect. If you have started investing only in the last 4-5 years, this may even look unimportant to you. But as our folios age, i strongly believe we should keep track of actual (original) cost of our investments somewhere without much complications. +https://m.economictimes.com/markets/stocks/news/icici-securities-enables-indian-customers-to-invest-in-us-capital-markets/amp_articleshow/77588326.cms?__twitter_impression=true + +No details yet on the brokerage or remittance charges applicable. +What are the cheapest and most reliable sources of leverage for retail investors? Warren Buffett has insurance float. We have IB, futures, mortgages...what else? + +It pays to be levered if you have a long enough time horizon and you have enough assets to weather a bear market without panic selling or getting margin called. +My wife wants to be a stay at home mom within the next 2 years, but is currently working a job. We have a budget and live off my income alone and are saving her income entirely. My question is are there any good financial moves to start considering before this time comes? + +Right now we’re close to paying off all debt to eliminate monthly payments from the budget, we live in a house with mortgage below what we can afford, and are planning to contribute to 401k at both jobs. We will likely contribute max amt to HSA to save for medical expenses down the road. What else should we be considering, other than investing the rest in a retirement account? +Hello guys. I'm pretty young if you couldn't tell, so I don't have a ton of experience with this stuff. + +My bank has apparently been charging me 12 bucks a month to maintain my checkings account, which I'm not happy about because I'm a student. I would like to close my account with this bank, and move it over to a credit union. However I have only a vague idea of how to do this + +My parents are busy with some of their own problems, so I thought I'd ask here first. +Longtime lurker, firs time posting. Been working in advertising for 15 years now and just sold my company. Mid to late 30s, $2.5 million net worth. I didn't get a ton of money for selling but enough to squirrel away and hopefully hit fat fire in 5-10 years. + +My question is on the process of getting board seats-- particularly for someone who isn't a FAANG worker, or an SVP of a huge influential company: How does one go about getting their first board seat? I'm extremely tempted to join paid board seat matching sites like Advisory Cloud. Has anyone used it before, is it any good or worth the investment? + +I've never met anyone who's been on a board and it's all foreign to me, but now that I've sold my business it's what I want to do if/when I fire. Any advice on how to break into board membership would be appreciated! +i’m sure this kind of question is asked frequently, but i am 22 years old, and through the death of two relatives i have received around £70,000. i’m currently not working and chipping away at this money to pay for rent and food etc. i know how quickly money can go, but i have absolutely no idea what a sensible thing to do with this money is, as i have little experience with personal finances. if anyone can give me some advice or point me to another thread it would be greatly appreciated. thanks in advance. +I have a Traditional IRA that was opened many years ago as a rollover from a previous job and is still positioned with an aggressive mix of funds. I opened a Roth IRA with a very small amount of cash at the same time. + +My current income level is high so I can not contribute directly to my Roth IRA and I can not deduct my TIRA contributions. My tax bracket is 24% as Head of Household. I am aiming for 20ish years to retirement. I've maxed out my 401k contributions for 2019 and I plan to max out my HSA before taxes are due in 2020. + +I'm looking for advice on how to manage and contribute to my IRAs with any remaining funds. I am interested in using the [Backdoor Roth IRA](https://www.investopedia.com/how-to-set-up-a-backdoor-roth-ira-4584775) conversion method, but I'm not sure how that will work in my circumstance. + +This is the way I think a backdoor conversion works for me: + +1. I have a Traditional IRA with $35k pre-tax invested. +2. I invest $6k after-tax into my Traditional IRA +3. I convert $6k to my Roth IRA + 1. Using Fidelity for both this would be a "*same trustee transfer"* +4. I leave the rest of the funds in my Tradition IRA + +I've been reading about the Pro-Rata rule and I'm afraid this is where my plans get sticky. + +Because I have $35k in my Traditional IRA from a rollover, that's a pre-tax amount. If I understand the Pro-Rata rule, I would have to pay taxes on the $6k because otherwise, I would have to roll over the entire pre-tax amount first and pay taxes on $35k. Is that correct? Does this mean without paying taxes on the entire $35k, I am stuck with contributing to my Traditional IRA with no tax deduction? + +Do I understand the conversion process and Pro-Rata rule? + +Should I just rebalance the aggressive mix in my Traditional IRA and reinvest in a target fund and plan to make contributions to my TIRA that are not deductible but will grow in a tax-advantaged way? That seems like my only good next option. +Comes with the job but is not something anyone in the company really admits, I don't know if they just dont want everyone doing it or what. Anyways I'm only 22 and have just been pumping it into my vanguard 401k instead. Should I make the switch over to the stocks? I've never done it so if I should just pull my head out of my ass and do it then I guess I will. Are B stocks worth it? I've always viewed stocks as a gamble so it makes me nervous as I do not like gambling. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + +[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!* +Did reddit update and change their platform? Have the shills got to them? Has the government got to them!? Or am I bananas B-A-N-A-N-A-S? I found the past three days way less enjoyable as I can no longer sort by newest? It’s like choosing what I see. Likely no one will see this if they’re hiding something. + +🦍 🪖 💪 +💎 🙌 🌙 +🚀 ✨ +🧱 x 🧱 = 🏫 + +Don’t forget Buy, hold, DRS. We are in the long game, the damage meter is set. First step - locking the free float, next step, buying every share the institutions and ETFs shed in rebalancing. + +Keep the pressure on! +Hi, I currently earn £20k per year and am lucky enough to have £30k in my bank account which I have saved up/been gifted. + +&#x200B; + +I live at home and would like to move out soon. I have been looking at purchasing a house worth approx £100k, taking out a £70k mortgage. When I add up the monthly expenditure on mortgage, heating, electricity, water, internet etc I am left with approximately £700pcm for food, entertainment etc. + +&#x200B; + +Is this a no brainer and I can definitely afford to do this or are there other things to think about? + +&#x200B; + +Many thanks for any help. +We have just moved from commbank to bank of Melbourne this month and received 4K cash back. How soon do we have to wait, if we decide to move again say to ANZ and get another 4K? Not fixed, all variable and the loan is only 50% of what the property is valued at +Hello all, forgive my low financial literacy - I am working on it. (Any suggestions here are also more than welcome) + +I was originally in the market to buy my first home - but with the market booming, I am finding myself priced out of anything that I find remotely appealing, and have become a bit jaded with the whole process. + +So my question is, what else should I be doing with my money? + +I have $100K now just sitting in an account, essentially not growing - how can I maximise this growth, so I can try the market again in 18-24 months. + +I don't feel comfortable with the FHSS - I don't like the idea of taking money away from future me. I am now over 30 so don't qualify for the Westpac 3% savings account. + +So, does that leave me with a term deposit? Would the interest even be worth it over this time period? +Newbie here and I could really use some financial advice. I don't really have a lot saved since I've just recently started working, but what's a good way to grow/invest my money so that I will have a decent amount for when I need to move out after a year? + +some info: + +* I'm doing full time studies with 2 semesters left. +* I have about $1200 in savings +* The maximum I can get from my part-time job is $350 a week, plus a bit more when it's school holidays. +* My monthly overhead is just the myki monthly pass at $144 + groceries $100 + +Any tips or suggestion would be greatly appreciated! +Hi everyone, my first time posting here after being a lurker for some time now. I turned 21 last month and have been wondering, what was one thing you wish you knew when you were my age? I really want to start the FIRE mindset and would truly appreciate your advice and opinion! +Hopefully someone in the Toronto area sees this thread! + +-Mid 30s couple with kids +-NW 5M+ +-HHI close to 1M/year +-Multiple businesses and revenue streams + +Need tax optimization, streamline business, wealth preservation advice, structure estates for kids, etc. My wife and I are really worried that if we pass all of a sudden our current situation is too complicated for someone other than ourselves to figure out. + +Looking for an accountant familiar with law practices (operations and programs). + +Edit: streamline business for tax strategy not operational efficiency k +I have seen multiple questions about buying before dividends are released to try and get in on them, but my question is after they are posted and between that and the actual payment. + +I have 20 shares of C, announced 8/3 at .51 cents per for a total of 10.20. Payment shows 8/28. Once it is announced and shown to my account, can I sell before that 8/28 date and still gain the dividends? Not actually looking at selling during this dip, just looking for clarification on it. +35 here, and made about 1400 last year in dividends. Some holdings are up while others are down and I also have some non-dividend paying positions. + +Determining if I am in the ‘right’ bracket for this or if I should adjust my strategy. + +Should mention some of my holdings include T, KO, QQQ, REM, XOM, VTV, XLC, CMCSA, APPL, DIS, JETS and some other non-dividend positions. Long on most and understand some have very small dividends but are good strategic plays IMO +My overall plan is to eventually have enough dividend income that it could be considered a second income equivalent to my job. My question is whether I should be focusing on continuing to invest into dividend paying companies to get there, or invest into a growth ETF until I get to a set amount. At that point I would sell off the growth ETF and invest into something like SPHD with the same amount, thus creating a comfortable dividend payment per month. + +Is there anything illogical about this mindset? +**TL;DR: JEPI seems like a fine fund during tamer markets, but there are some underlying risks that could wipe out the portfolio. You are investing a significant percentage into derivative instruments that mimic the return of covered calls.** + +There’s been a lot of buzz about these new JP Morgan funds but no real DD about what you are actually buying shares in. So, I went ahead and researched what you are actually buying, and here is what I found. + +# Source of Income - The ELN + +Let’s take a look at the [prospectus](https://doc.morningstar.com/docdetail.aspx?clientid=schwab&key=84b36f1bf3830e07&cusip=46641Q332) for JEPI. At first it seems simple enough, but there’s a specific line in the prospectus right on page 1: “In order to generate income, the Fund may invest up to 20% of its net assets in ELNs”. So we have our asset allocation: at least 80% in equities in stocks contained in S&P 500 (but not always), with up to 20% of the portfolio in ELNs. But what exactly is an ELN? + +ELNs are a derivative debt instrument that JP Morgan uses in this case to simulate the position of owning the S&P 500 + covered calls. You can read more about ELNs [here](https://www.investopedia.com/terms/e/equity-linkednote.asp), but I’m trying to keep things simple. The important thing to know is that there are additional risks that come with these ELNs, namely counterparty and credit risk. + +# So why does this mean anything? + +ELNs differ from the market in that they are basically debt that matches the return of a position in the market. There’s a specific entity that holds the other side of the debt, in this case “banks, broker-dealers, or their affiliates”. If they are unable to pay, the fund would lose out on likely the whole ELN position. Furthermore, credit downgrades of these entities could lower the value of the ELNs, which are already illiquid. The prospectus itself says “Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund’s entire principal investment”. + +So instead of getting actual stocks of companies, 20% of your investments could be going to derivatives from other financial players that depends on their ability to make payments. And in the case of a credit or liquidity crisis like in 2008, that could be a very bad thing. It could mean a further 20% haircut off your assets vs. what could already be a very bad market, *with no way of that 20% ever recovering*. +Hi all, new to the dividend stock world. Just opened A brokerage account with Schwab. Haven’t been able to fund it yet because I did it over the federal holiday. I’d like to get my oldest child investing in dividends stocks. But since I’m so new at this myself I was hoping maybe you could recommend a book or a blog that’s geared towards investing for teens. She’s willing to read it but I’d like to make sure that she understands exactly what it is were doing in a language that makes sense to her. Thanks. It would probably help me too LOL since I’m so new at all. +So I’m curious. I was saying it during the entire bear rally. What you saw was literally an average bear rally during a market crash. +Been saying it during all the dips and rises. +I just think we are way too behind on the inflation curve and everything has gotten out of control, including the housing market. I don’t see a soft landing being a possibility. I mean look at what’s going on in other countries. +Massive inflation in Europe as well. + +[New record inflation in Europe.](https://www.euronews.com/next/2022/08/31/record-inflation-which-country-in-europe-has-been-worst-hit-and-how-do-they-compare) + +We’re sitting at 9.1% in the US and I guarantee it goes higher. +Sorry but that’s officially a recession.. + +You can see it in the prices for everything. I mean eggs are 40% more expensive for fucks sake. A staple.. +Gas? 😂 +So we tapped the reserves? Who cares when they shut down major oil pipelines that were giving us more oil independence. +That’s a band aide. + +I think we’re headed down a rough path and our government is just pussyfooting. Which is even more dangerous. +I mean the faster you attack a problem like this the better it will be in the long run but they’re so worried about election season that they would rather watch the country burn than mess with Bidens re-election campaign. +It has nothing to do with Democrats or Republicans. Both of them would do the same thing. +It’s crazy and it’s dangerously irresponsible. I hope you are all in a good place to brace for this impact. +I hope I’m wrong. +Good luck. +Hello all, + +Looking for some quick financial advice about my situation and then will go on to the title. + +I am 32 and live in South Yorkshire in the UK. +Have around £75k in savings, £15k worth of shares. £8.5k in Vanguard S&S ISA and the rest in Morrisons shares directly. and £10k in a HTB ISA. +Public sector, so luckily a secure job, getting £25k a year. +Paying into workplace pension. +&nbsp; + + First off, i bought my Morrisons shares at £1.98 when i used to work there. Have around 3400 shares. I really want to sell them, they have been awful for years. But i at least want to get my money back for them and put them into my S&S ISA. +I sold 1400 at £3 years ago and thought they would only go up from here. I suppose due to my greed, it serves me right they are now only worth £1.77. +Would you sell now, take the £700 hit to reinvest in Vanguard, or just leave them till they go back to £1.98? +I had an idea Amazon were going to partner/buy them out so keep holding on... + +&nbsp; + +I have been looking at property for about 12 months, will be buying alone. Banks says they can only lend me £100k due to my wage. +The problem i have is, i wait and wait and wait. +Oh houses will go down due to Brexit vote, oh they will go down due to the virus.... they didn't. +I get an email from Zoopla regarding new houses, call up to view, already been sold sorry... +Houses are being sold immediately. I want to wait for a drop, but i am concerned i am just pricing myself out of the market forever. +I am 32 and in the UK there is a huge stigma of not owning your own home by 25, you are a loser etc. + +&nbsp; + +I live at home and pay £150 a month rent/board. My parents have a house in France, so usually aren't here often. This year they have been here all the time, hence me looking to buy. +I save around £1k a month after expenses to my bank account. + +&nbsp; + +My plan within the next 3 months i think is going to invest £1k a month back into Vanguard. £500 into my two funds LS 100% and Emerging Markets £500 each. +Not earning anything in the bank, my current returns are 27% in the stocks. +Good idea or lump sump £20k to fill my allowance this year? +For me safer to lump sump £1k then increase that if they drop. + +&nbsp; + +Just feel helpless regarding the housing market. Its a big stick people bash me with all the time, wow you still live at home etc +House wise, i just want a large garage as cars is a hobby. So have been looking at houses around £150k max. +I have never been that interested since this year as like i said, paying £150 a month to basically live on my own already. + +Sorry for the long post! +Called up for an appointment today and dentist told me that I have to pay £35 for his PPE. I did question him and he said all dentist are doing this. + +This is fine as safety comes first but wanted to check the general consensus and find out if you know of dentist charging a similar rate or is this too expensive for PPE. +So I recently started working for a friend, who pays me cash in hand. It was originally only meant to be temporary, to help me out whilst I looked for other work, but I've grown to really like the work and he seems to like having me as part of his team. + +The tricky bit is that I'm pretty sure my friend doesn't exactly run his company strictly legitimately and I know there is pretty much zero chance of him putting me on the books (if there is a book to put me on!). Now, that's his business and it's not up to me to tell him how to run it, but I would like to do things properly, whilst still working for him. + +I have very little knowledge about this sort of thing, but was hoping to set myself up as a business and charge him for my time. I don't want anything to change for my friend. I still want him to pay me the same way he does now, but I would like everything to be above board on my end, without landing him in trouble. How would be the best way to do this, and are there any different ways of doing it? +I remember an interview to a trader that turned $800 into $240K or something like that in matter of days, and he mentioned that he has a strict philosophy of trading ONLY when there is an important catalyst/event/news that makes the trade to have a high probability of making profit. + +I thought about that recently when news affected the price of DOGE and MATIC, and sometimes I wonder if I should trade less often. As Warren Buffett says, in a basketball game, you have to hit the ball within a few times is it thrown at you or you are out, but with stocks you don't have to, and you can wait for the perfect ball coming to you. I think about this but applied to trading crypto. + +Does any of you trade ONLY when there is an important event/catalyst/news? +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. +Imagine the SI is 300% (not even that crazy a thought anymore) of the float. If all apes sold at exactly 20M and every short covered at that price, assuming no non-float share is sold, the bill would be just shy of 20 times the fucking ***WORLD GDP OF 80 TRILLIONS***. Can I just draw attention to that number for one second? Now I don't care if you believe that floor is realistic or not, even a 1 million floor would take the world economy for a wild ride. In 2021 usd, the 2008 crash cost the US 10 trillion and pales in comparison to potential in GME. + +Any bill that reaches such prices, from a fuck-up that could have been avoided, will set in motion events that will change everything and impact just about every human on planet earth, save maybe a few uncontacted tribes here and there. On top of that, 2021 is in the age of social media, and Wall St has made sure to let AT LEAST 300 thousand apes get to know the ins&outs of financial corruption, with months long data gathering, documentation, and evidence beyond reasonable doubt. A platform for experts and professors in financial fraud has been created, blowing entire circus wide open to reveal the unthinkably asymmetric bet GME to such a degree, I'm positively convinced that the only reason the entire world isn't FOMO'ing in is because real investigative journalism is just not as profitable as rage clickbait content, media lies, and "too good to be true, must be a scam, but what if retail sells for \[low number here\]?" attitude. Any lies about this will be BTFO of the water by a swarm of pissed off apes armed with months worth of DD, and other media sites that, at the very least, just presents the data as is. This is not rich short guy vs rich company owner, it's literally flesh and bones Wall St dudes with names vs the abstract concept of global retail investors. Kenny risks getting spit in the face by the janitor at Costco and refused entrance to the bar where he wanted to drink his future depression away, assuming he somehow escapes 5 prison-for-life sentences, simply because THAT'S RETAIL. How can you defend yourself against that? You can't. Call me optimistic, but I seriously doubt anyone is gonna have just a second of success with any blame shifted onto retail. + +That said, pure speculation, but I can imagine we're already in the middle of an economic paradigm shift. World currencies going to shit, crypto losing proportionally little value compared to hyperinflating dollars, stocks tanking, markets imploding, the great depression of the 21st century. The Fed is, as far as I understand, already out of ammo, because what are those chumps gone' do? Lower interest rate again? Yeah, it's already pedal to the fucking metal low, coking up the market until it falls over into the dirt and has to spent years in rehab, until debt is settled, institutions and companies are liquidated, and enough people have their lives destroyed because Wall St and the Fed once again had to go and prove holding in a sneeze is as dangerous as your mom told you. + +IMO, the red thread here is the destruction of supply and demand. What do I mean? For just about everything in this world, the price is determined by supply and demand. The fabled regulating "law of markets" that determines the real price of something. With enough market competition between individual actors, a more-or-less fair value emerges. Sounds good, seems to work better than other ways to determine value, by far... But it kinda sucks that we can't just "create value" out of nothing... you know, let's take this concept and just yeet it out of this universe when it comes to currencies, loans, baking, and certain financial assets (like shares), and let's just make the "supply" line infinite, as long as don't lose control of it, we're gonna be fiiiiine, we'll be fiiiiiiiiiiiiine. It's not like fiat currencies (that is, currencies backed by nothing but the good will of the Governments issuing them) all have a thousand year long historic value that **ENDS** **IN 0, FOR EVERY SINGLE ONE**. You might as well consider the value of a nation's fiat currency a sort of timer like "once this gets close enough to zero, we're gonna do something REALLY stupid and drastic to see if it fixes the issue". That's what I mean, and how this entire economic school of thought of just purebred new-synthesis lunacy is gonna survive the storm is beyond me. Austrian economists LMAOing at us poor sods from their graves right about now. + +I write in hyperbole to create a bit of drama in my text, but I really mean it when I claim that the world is on the possible tipping point of changing forever, like Cuban Missile Crisis levels of serious. I'm not thinking that we're living in crypto-land Type 1 civilization shit by Autumn, but this could potentially undermine the very idea upon which our entire world economy is built. It's kinda breathtaking to know that we have the privilege of seizing this moment, and I'd be happy to hear you beautiful primates' opinion on this topic of the "post-MOASS" world, whether you share my sentiment or not. + +Edit: Some spelling errors because I can't spell +In almost every trend, every bubble, and every hype that has ever existed - eventually something comes out that becomes almost a parody of what's going on around it. This parody eventually symbolizes the irrational behavior of a trend. To me, NKLA will be that historical example. In literally mere days, NKLA, during a hot market run, skyrocketed to 100+ per share. Based on what exactly? No car manufactured, no car officially sold, not even a deposit. Yet this company, with a CEO who is boasting the fact that his company will be worth 100 billion in the future, has skyrocketed off mere speculation that's been brewing like crazy in this market. + +There will be some correction to this. There is no rationale behind any of this. +In a response to yesterday's [alarming thread](https://old.reddit.com/r/financialindependence/comments/i8r8ay/how_much_would_heath_insurance_cost_in_the_us_in/ ) regarding potential healthcare costs in early retirement, I thought I'd try to make a few points that might help alleviate some concerns. Don't get me wrong, healthcare is broken in this country, but until new policies are deployed (whatever they may be), we have to play by the current set of rules. I hope to outline some information and strategies for health insurance for those of us attempting to bridge the gap between the termination of full time employment and Medicare. So of course the following is all subject to change with new legislation. + +&nbsp; + +**Federal Poverty Level, Subsidy Range, Caps and Cost for 2nd Lowest Tier Silver Plan, 2020** + +FPL % | Income Range | Premium Max % | $ Per Year | $ Per Month +:--|:--:|:--:|:--:|--: +<100% | <$25,750 | No Cap | - | - +100-133% | $25,750-$34,248 | 2.06% | $530.45-$705.51 | $44.20-$58.79 +134-150% | $34,248-$38,625 | 3.09%-4.12% | $1,058.26-$1,591.35 | $88.19-$132.61 +151-200% | $38,625-$51,500 | 4.12%-6.49% | $1,591.35-$3,342.35 | $132.61-$278.53 +201-250% | $51,500-64,375 | 6.49%-8.29% | $3,342.35-$5,336.69 | $278.53-$444.72 +251-300% | $64,375-$77,250 | 8.29%-9.78% | $5,336.69-$7,555.05 | $444.72-$629.59 +301-400% | $77,250-$103,000 | 9.78% | $7,555.05-$10,073.40 | $629.59-$839.45 +>400% | >$103,000 | No Cap | A lot | A lot + +Source: https://www.kff.org/health-reform/issue-brief/explaining-health-care-reform-questions-about-health/ + +&nbsp; + +Here is a table depicting expected subsidies and costs for a family of four (two adults <65, two children <21, non-smoking) using 2020 numbers. I'll try to point a few things out. Generally speaking, under an income of less than <100% of the Federal Poverty Level (FPL) will qualify you and your family for Medicaid. **EDIT: For states that expanded Medicaid, you may qualify until 138% FPL. In non-expansion states there is a coverage-gap between 100-138%, where you would not qualify for either Medicaid or ACA.** Between 100-200% of the FPL, I would generally consider these monthly premiums to be 'affordable'. +&nbsp; + +From 201-400%, you can see the costs rise dramatically, until at which point you cease to qualify for a subsidy. For example, a family of four, parents aged 40, children age 8 and 10, will pay $839 per month ($10,073/yr) if their income is $103,000. If their income is $103,001, they will pay **$1,473 per month ($17,676), an increase of 75.5%.** Due to this fact, the rest of the discussion will be aimed at families with incomes between 100-400% FPL. + +&nbsp; + +**The major point of this post I want to make is, for our purposes in early retirement, income does not equal spending/withdrawal rates**. Generally speaking, you will have a higher, in some cases, much higher spending limit while still keeping your “income” within these ranges. For the calculations here, the federal government uses Modified Adjusted Gross Income (MAGI). Going through the details of what is included in your MAGI is beyond the scope of this post. Generally speaking, its pretty close to your Adjusted Gross Income (AGI), with most deductions added back in. Your AGI is your gross income minus “above the line” deductions (401k/tIRA, HSA, student loan interest, alimony, etc). + +&nbsp; + +So for most working people (W-2 Income, few deductions) the above ranges are fairly good approximates of what they would be spending on healthcare if they were to purchase ACA coverage on the exchange. Since we will no longer have a work income, the vast majority of our income will be from **dividends, interest and long-term capital gains**. + +&nbsp; + +However, these numbers change dramatically when we're talking about FIRE. The biggest thing to keep in mind is **return of principle is not taxable**. Most of us here will not only have tax-deferred accounts (401k, IRA, HSA, etc), but a large brokerage account. In many cases this brokerage account will be larger than the tax-deferred accounts combined, especially in cases of early high income, RSU's, IPO's, inheritance, sale of business, sale of appreciated property, etc. Many of us will use this taxable money to fund our early retirement until we reach 59 ½, at which point we will be able to tap retirement accounts, and in 2.5-11 years after that, collect Social Security. + +&nbsp; + +Due to the generally short accrual period for FIRE'ies, the brokerage/taxable account will be largely made up of principle and not capital gains. Totally back-of-the envelope, out-of-my-ass calculations would put the breakdown for a large portion of people at 40-70% principle (thereby 30-60% being capital gains). + +&nbsp; + +To illustrate this point, here is an example: + +&nbsp; + +**Jack and Jill, Bobby and Sue** + + - Ages 45, 45, 15 and 13 + - Retired, net worth $3million, paid off home + - 67% stocks in taxable accounts, 33% bonds/cash in retirement accounts + - $2million in taxable accounts, $1million across various retirement accounts + - The $2million taxable is 60% principle, 40% long-term capital gains (LTCG) + - Desired withdrawal rate 3.5%, or $105,000/yr ($8,750/mo) +&nbsp; + +At face value, it looks like they will be $2,000 over the 400% FPL limit, and will be paying out the nose for health insurance, but not so fast. Let's see where their $105,000 “income” comes from. They elect to fund their first 15 years of retirement solely from their taxable account of $2million. This will hopefully last them until age 59 ½ when they can begin withdrawing from other accounts. + +&nbsp; + +The $2m in stocks will throw off $50,000 in dividends at a 2.5% yield (vast majority qualified if holding US stock) +They then choose to sell $55,000 using average cost basis (not optimal) to make up the remaining of their spending requirement. That $55,000 is made up of $33,000 principle and $22,000 LTCG. So their final spend of $105,000 is actually only $72,000 taxable income. +&nbsp; + +So instead of being 408% of FPL, they are actually at 280%, meaning their monthly costs would be $550 ($6,602/yr). To quote Anatoly Dyatlov... “not great, not terrible”. However, if they in fact had a MAGI of $105,000, they would be paying $1,618 per month ($19,412/yr), missing out on their $1,067/mo subsidy ($12,631/yr). This is a comparative savings of 66%. +&nbsp; + +As an aside, they are also under the $80,250 cutoff for the 12% federal income tax bracket (MFJ), without even accounting for the hefty $24,800 standard deduction (2020). This means their dividends and capital gains will be taxed at 0%, under current tax law (state taxes not withstanding). Most of us will be paying very little if any in federal income tax, and of course, no more pay roll taxes. This couple will be able to spend very close to the $105,000 they wish to withdraw. + +&nbsp; + +**Further Strategies** + + - Utilizing either Specific Identification (SpecID) or Highest in, first out (HIFO) when selling appreciated shares to further decrease capital gains owed (increases proportion of principle utilized for spend) + + - Save a cash buffer of 1-3 years expenses in the few years before retirement to draw from as tax free “income” + + - Invest in growth oriented funds (e.g. VIGAX) to decrease dividends and give more control over tax events + + - Not investing in interest producing investments in tax-able accounts. Using i-Bonds if you need to use taxable space for fixed income + + - Tax-gain harvesting (selling when funds are high) during years of low income while working to increase their cost-basis + + - Tapping Roth IRA and 401k accounts after 59 ½ to supplement taxable accounts as a source of tax free income + +&nbsp; + +**Other Healthcare Strategies** + + - Stay as healthy as you can. Maintain a healthy weight, do cardio and resistance training regularly, eat well. If you have a preexisting condition, work with your providers to best manage your condition, do your own research + + - Seeking part time private employment that provides healthcare + + - As mentioned in the other thread, working part time as a government employee (e.g. National Guard) + + - Taking advantage of dual citizenship if you have it + + - Retiring abroad to a country with more favorable healthcare systems (some options in EU, albeit expensive) + + - If no other options, continue full time employment until you are more easily able to bridge the gap to Medicare + + +&nbsp; + +**TL;DR: Healthcare in the US sucks, but there are tactics you can employ to make it more affordable** + +&nbsp; + +**Helpful Links:** + +[Health Insurance Marketplace Calculator](https://www.kff.org/interactive/subsidy-calculator/) + +[RootofGood Article on the subject, 2015](https://rootofgood.com/affordable-care-act-subsidy/ ) + +[H&R Block Income/Tax Calculator](https://www.hrblock.com/tax-calculator/ ) +In a response to yesterday's [alarming thread](https://old.reddit.com/r/financialindependence/comments/i8r8ay/how_much_would_heath_insurance_cost_in_the_us_in/ ) regarding potential healthcare costs in early retirement, I thought I'd try to make a few points that might help alleviate some concerns. Don't get me wrong, healthcare is broken in this country, but until new policies are deployed (whatever they may be), we have to play by the current set of rules. I hope to outline some information and strategies for health insurance for those of us attempting to bridge the gap between the termination of full time employment and Medicare. So of course the following is all subject to change with new legislation. + +&nbsp; + +**Federal Poverty Level, Subsidy Range, Caps and Cost for 2nd Lowest Tier Silver Plan, 2020** + +FPL % | Income Range | Premium Max % | $ Per Year | $ Per Month +:--|:--:|:--:|:--:|--: +<100% | <$25,750 | No Cap | - | - +100-133% | $25,750-$34,248 | 2.06% | $530.45-$705.51 | $44.20-$58.79 +134-150% | $34,248-$38,625 | 3.09%-4.12% | $1,058.26-$1,591.35 | $88.19-$132.61 +151-200% | $38,625-$51,500 | 4.12%-6.49% | $1,591.35-$3,342.35 | $132.61-$278.53 +201-250% | $51,500-64,375 | 6.49%-8.29% | $3,342.35-$5,336.69 | $278.53-$444.72 +251-300% | $64,375-$77,250 | 8.29%-9.78% | $5,336.69-$7,555.05 | $444.72-$629.59 +301-400% | $77,250-$103,000 | 9.78% | $7,555.05-$10,073.40 | $629.59-$839.45 +>400% | >$103,000 | No Cap | A lot | A lot + +Source: https://www.kff.org/health-reform/issue-brief/explaining-health-care-reform-questions-about-health/ + +&nbsp; + +Here is a table depicting expected subsidies and costs for a family of four (two adults <65, two children <21, non-smoking) using 2020 numbers. I'll try to point a few things out. Generally speaking, under an income of less than <100% of the Federal Poverty Level (FPL) will qualify you and your family for Medicaid. **EDIT: For states that expanded Medicaid, you may qualify until 138% FPL. In non-expansion states there is a coverage-gap between 100-138%, where you would not qualify for either Medicaid or ACA.** Between 100-200% of the FPL, I would generally consider these monthly premiums to be 'affordable'. +&nbsp; + +From 201-400%, you can see the costs rise dramatically, until at which point you cease to qualify for a subsidy. For example, a family of four, parents aged 40, children age 8 and 10, will pay $839 per month ($10,073/yr) if their income is $103,000. If their income is $103,001, they will pay **$1,473 per month ($17,676), an increase of 75.5%.** Due to this fact, the rest of the discussion will be aimed at families with incomes between 100-400% FPL. + +&nbsp; + +**The major point of this post I want to make is, for our purposes in early retirement, income does not equal spending/withdrawal rates**. Generally speaking, you will have a higher, in some cases, much higher spending limit while still keeping your “income” within these ranges. For the calculations here, the federal government uses Modified Adjusted Gross Income (MAGI). Going through the details of what is included in your MAGI is beyond the scope of this post. Generally speaking, its pretty close to your Adjusted Gross Income (AGI), with most deductions added back in. Your AGI is your gross income minus “above the line” deductions (401k/tIRA, HSA, student loan interest, alimony, etc). + +&nbsp; + +So for most working people (W-2 Income, few deductions) the above ranges are fairly good approximates of what they would be spending on healthcare if they were to purchase ACA coverage on the exchange. Since we will no longer have a work income, the vast majority of our income will be from **dividends, interest and long-term capital gains**. + +&nbsp; + +However, these numbers change dramatically when we're talking about FIRE. The biggest thing to keep in mind is **return of principle is not taxable**. Most of us here will not only have tax-deferred accounts (401k, IRA, HSA, etc), but a large brokerage account. In many cases this brokerage account will be larger than the tax-deferred accounts combined, especially in cases of early high income, RSU's, IPO's, inheritance, sale of business, sale of appreciated property, etc. Many of us will use this taxable money to fund our early retirement until we reach 59 ½, at which point we will be able to tap retirement accounts, and in 2.5-11 years after that, collect Social Security. + +&nbsp; + +Due to the generally short accrual period for FIRE'ies, the brokerage/taxable account will be largely made up of principle and not capital gains. Totally back-of-the envelope, out-of-my-ass calculations would put the breakdown for a large portion of people at 40-70% principle (thereby 30-60% being capital gains). + +&nbsp; + +To illustrate this point, here is an example: + +&nbsp; + +**Jack and Jill, Bobby and Sue** + + - Ages 45, 45, 15 and 13 + - Retired, net worth $3million, paid off home + - 67% stocks in taxable accounts, 33% bonds/cash in retirement accounts + - $2million in taxable accounts, $1million across various retirement accounts + - The $2million taxable is 60% principle, 40% long-term capital gains (LTCG) + - Desired withdrawal rate 3.5%, or $105,000/yr ($8,750/mo) +&nbsp; + +At face value, it looks like they will be $2,000 over the 400% FPL limit, and will be paying out the nose for health insurance, but not so fast. Let's see where their $105,000 “income” comes from. They elect to fund their first 15 years of retirement solely from their taxable account of $2million. This will hopefully last them until age 59 ½ when they can begin withdrawing from other accounts. + +&nbsp; + +The $2m in stocks will throw off $50,000 in dividends at a 2.5% yield (vast majority qualified if holding US stock) +They then choose to sell $55,000 using average cost basis (not optimal) to make up the remaining of their spending requirement. That $55,000 is made up of $33,000 principle and $22,000 LTCG. So their final spend of $105,000 is actually only $72,000 taxable income. +&nbsp; + +So instead of being 408% of FPL, they are actually at 280%, meaning their monthly costs would be $550 ($6,602/yr). To quote Anatoly Dyatlov... “not great, not terrible”. However, if they in fact had a MAGI of $105,000, they would be paying $1,618 per month ($19,412/yr), missing out on their $1,067/mo subsidy ($12,631/yr). This is a comparative savings of 66%. +&nbsp; + +As an aside, they are also under the $80,250 cutoff for the 12% federal income tax bracket (MFJ), without even accounting for the hefty $24,800 standard deduction (2020). This means their dividends and capital gains will be taxed at 0%, under current tax law (state taxes not withstanding). Most of us will be paying very little if any in federal income tax, and of course, no more pay roll taxes. This couple will be able to spend very close to the $105,000 they wish to withdraw. + +&nbsp; + +**Further Strategies** + + - Utilizing either Specific Identification (SpecID) or Highest in, first out (HIFO) when selling appreciated shares to further decrease capital gains owed (increases proportion of principle utilized for spend) + + - Save a cash buffer of 1-3 years expenses in the few years before retirement to draw from as tax free “income” + + - Invest in growth oriented funds (e.g. VIGAX) to decrease dividends and give more control over tax events + + - Not investing in interest producing investments in tax-able accounts. Using i-Bonds if you need to use taxable space for fixed income + + - Tax-gain harvesting (selling when funds are high) during years of low income while working to increase their cost-basis + + - Tapping Roth IRA and 401k accounts after 59 ½ to supplement taxable accounts as a source of tax free income + +&nbsp; + +**Other Healthcare Strategies** + + - Stay as healthy as you can. Maintain a healthy weight, do cardio and resistance training regularly, eat well. If you have a preexisting condition, work with your providers to best manage your condition, do your own research + + - Seeking part time private employment that provides healthcare + + - As mentioned in the other thread, working part time as a government employee (e.g. National Guard) + + - Taking advantage of dual citizenship if you have it + + - Retiring abroad to a country with more favorable healthcare systems (some options in EU, albeit expensive) + + - If no other options, continue full time employment until you are more easily able to bridge the gap to Medicare + + +&nbsp; + +**TL;DR: Healthcare in the US sucks, but there are tactics you can employ to make it more affordable** + +&nbsp; + +**Helpful Links:** + +[Health Insurance Marketplace Calculator](https://www.kff.org/interactive/subsidy-calculator/) + +[RootofGood Article on the subject, 2015](https://rootofgood.com/affordable-care-act-subsidy/ ) + +[H&R Block Income/Tax Calculator](https://www.hrblock.com/tax-calculator/ ) +That's the article that came up when I searched "jobs for stupid people" in Google. It was published in 2016. It focuses primarily on less educated men (no college degree) who have experienced a large drop off in employment than those with college educations. The reason behind that being that a lot of the jobs that used to employ people with a limited skill set and/or intelligence (manufacturing and others) have largely disappeared due to automation or offshoring. I find that largely to be true, though I don't think that applies to only men. + +You can tell by my Google search that I don't consider myself to be smart. It's not impostor syndrome. I am truly, truly dumb. Maybe I get a +1 in my stats for self awareness. I tried learning coding. Still trying, but I'm not picking it up at all. It feels like an exercise in futility. My life feels like an exercise in futility sometimes. + +It's like you have to be a software engineer, practice law, or be helping people not die to survive these days (EMTs excluded, you guys need a huge raise \[California excluded too, rent over there is insane\]). I did do college, but like a lot of people who went through it, I finished with a degree that isn't very useful. I didn't think I was smart enough for the hard sciences or engineering or law at the time. I still think the assessment I made back then is correct. Maybe college wasn't the right thing to do, but it's too late now. I am the physical embodiment of that image where a college graduate throws their graduation cap in the air and a McDonald's hat lands on their head. Just about the only smart thing I did with myself is save money while I still lived with my parents so I could have an elopement/honeymoon. + +I feel myself longing for a job where I could just do grunt work and be paid enough to be financially stable. Just push papers, press buttons, walk out, and not have to take it home with you. Just go home and not have to worry about your boss finding out that you're an idiot. Not have to worry about making mistakes or doing the wrong thing. I don't have anything to prove to anyone, not even myself. I'd screw the bottle caps on toothpaste tubes for hours if it would pay me enough to survive and give me a clear brain when I go home. You can't buy peace like that. + +But what jobs are there for stupid people now that would allow you to pay rent and bills? +Try and remember that all of you "experts" were also new to the game once. The elitism from early investors in crypto(not all but more than enough), and the disdain they show for commenters in this subreddit just trying to learn is childish at best. + +If you want the community to grow then stop sticking your nose up at newcomers. + +You know who you are, and don't try to pretend like this doesn't exist. +I’m still a new investor and I want to give some advice to new investors too about things I wish someone told me. If y’all have any other advice let me hear it. +1. Don’t panic sell- just because a stock has a bad day don’t panic sell and lose your money. If you truly believe in your stock, it will go back up. + +2. Starting out invest in ETF’s- this is probably the thing I wish I could’ve been told. ETF’s are like and mutual fund but you can buy it anytime during the day. They r a safe way to consistently make money. They won’t lose you money(if you pick a good one) in the long run. + +3. Don’t buy a stock because someone said to- I have fallen victim to “hype” stocks that I think will be the next GME, but ultimately fall 50%. I’m down about 20% in my portfolio because I bought into stocks that are sketchy. + +4. Stay away from options- some new investors may not know what it is and it should stay that way. It is the equivalent of gambling. + +5.crypto- crypto is very volatile and u could lose your whole investment in a day. I wouldn’t say you shouldn’t invest in crypto, but be smart. Also don’t buy DOGE it’s literally a meme. + +6. Don’t invest money that your aren’t prepared to lose- the stock market is unpredictable sometimes. A new pandemic could occur or a world war could breakout or another Great Depression could happen. We don’t know when or how, but the market could crash at any time, so don’t invest money that you aren’t prepared to lose. + +Hopefully this will help someone:) +Superstonkers, + + +The time may be nigh. Trust me, bro. + + +Nah, I'm going to source it, and my ideas are mine and mine alone. + + +Unlike many people here (and the seeming wider population,) I do not believe in an RMBS crash a-la-2008. ARMs in particular drove the 2008 MBS implosion, but that is a whole other topic/post/whatever. + + +One of my personal plays is a stock ticker of ORC, Orchid Island Capital. They are a leveraged \*(shudder)\* RMBS REIT. They are federally required to pay out 90% of profit to their equity members annually (shareholders included. + + +If you look at the chart, they have been crushed in the past 5 years: + +[$ORC 5-year chart | source: Google](https://preview.redd.it/zsid1ksfr0r91.png?width=670&format=png&auto=webp&s=ebf46916db8e03a0cecece4ca5e028b92a832a22) + +&#x200B; + +Now here is the average mortgage yield for the past 5 years: + +[5-year mortgage chart | Source: Freddie Mac](https://preview.redd.it/0m6a70d1s0r91.png?width=791&format=png&auto=webp&s=82f7313d6120f8f0cb8c8a9d0f0797ee2ab78e23) + +Now you can see why their price has been on a downtrend and the public perception of a back-to-back 2008 has shoved it further down, if they reverse, it's soaring. + + +Keep in mind it takes approx. 3 months to package and offload MBS' + + +BUT WHY ARE YOU SAYING THIS ON A GME SUBREDDIT!?! +Reeeeellllaaaxxxx. I just wanted to explain my thesis for a few reasons: + + +1.) ORC has a tiny outstanding (35.250mm) and a tiny market cap ($294mm) +2.) How I came across this problem fairly organically +3.) The problem at hand + + +Yesterday, I was supposed to receive a dividend of $0.16/share from the august distribution (ORC does a 30-day post-dividend payment. + + +I never got it. + + +Here's how it usually goes: +Mid-month: Announcement of the dividend, the amount, and their portfolio/ basic financials. +End of the month: Pay the dividend to the DTC +End of next month: The dividend is disbursed to the shareholders. + + +Yesterday, as I mentioned, **I never received my dividend**. The stock cratered 10% on this because obviously, it was worrying. ORC released a statement, and it goes as follows: + + +>"VERO BEACH, Fla.--(BUSINESS WIRE)-- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has become aware of an issue with stockholders of record of the Company’s common stock on August 31, 2022 not receiving the full monthly cash dividend for the month of August 2022 of $0.16 per share that should have been paid on September 28, 2022. The Company fully funded this $0.16 per share dividend by making payment to its transfer agent prior to September 28, 2022. The Company understands that an inadvertent administrative error at DTC resulted in brokers not receiving the full amount of the dividend. The Company is working to resolve this issue as soon as possible. " + +\[Source\]([https://www.orchidislandcapital.com/news/news-details/2022/Orchid-Island-Capital-Alerts-Stockholders-to-Dividend-Payment-Issue/default.aspx](https://www.orchidislandcapital.com/news/news-details/2022/Orchid-Island-Capital-Alerts-Stockholders-to-Dividend-Payment-Issue/default.aspx)) + +If you do the math, $0.16 \* 35,250,239 = $5,640,038.24 + + +The money was paid out on August 31st, 2022. + + +>But u/corrode1024, What does this have to do with GME? + + +Well, this is where I'm not certain if I'm correct, but if you look on a calendar: + + +The Splividend that the DTCC committed securities fraud with happened on July 21st, 2022. + + +* T+2 settlement (nonweekend) is July 25th, 2022 +* T+35 FTD (calendar) is August 29th, 2022 +* T+2 Settlement (nonweekend) **August 31st, 2022** + + +Did the DTCC need the cash so bad they couldn't pay out the $5.6mm 30 DAYS LATER!?! + + +This, combined with the DD in general that Citadel and Co. are running out of money. Originally, they had GOBS of cash to wait out this problem, and Citatel recently borrowed $600MM, the assumption was to stay solvent amid this bear market *plus* the GME shorting. + +Burning cash is perfectly acceptable *until you run out of money.* GME is burning cash rn to expand and pivot, but they still have CASH. + + +I'm not sure what this means exactly, but ORC CONFIRMED THEY PAID TO THE DTC. It was claimed an admin error, but at this moment, I DO NOT HAVE MY CASH DIVIDEND. + + +It may be upon us. Buckle up. +Hey guys, + +This is just a warning to the community about some shady things going on regarding REEF. + +Recently there was a sudden increase of the circulating supply by 0.5 Billion, equal to 2.5% of the total supply (20 billion). Given that there is no information about this on their website, concerned investors have obviously been asking a lot of questions. My main trepidation comes from the response from REEF to these questions. + +On their official Telegram, askers are being flat out ignored, insulted or banned (and the questions deleted by admins almost immediately). On Reddit, mods are banning anyone deemed to be spreading "FUD", which is a conveniently vague term to use to rid themselves of anyone asking difficult questions. + +The one supposed answer (apparently from the CEO - in Telegram) was incredibly vague an obfuscating. It read: + +> There are multiple things happening in the background. Reef is expanding and will become a parachain as well (not just a layer on top of other parachains). There will be a stablecoin backed by the token as well. Some things are still being finalized and we cant announce until we are ready. As you could see the supply increase was not affecting the price (also, price discussions should be in the traders group). Additionally, we are in discussions with the best VCs on this planet (again cant talk yet about anything until things are finalized) + +If that isn't a politicians answer that just insults the intelligence of his own investors then I don't know what is. + +Other concerns: + +The team - the CEO (who is listed as co-founder on LinkedIn, though there is no other co-founder to be seen) gave a talk recently about how they are expanding the team. He brings up a slideshow showing the new team members and all of the names and information on these new team members is too blurry to read (I'm not making this up unfortunately). + +They recently announced that they will soon be announcing a HUGE partnership. I don't know about you guys but making an announcement of an announcement strongly suggests their main goal is pumping the price and not reliably informing their community. + +Reddit - their subreddit is full of accounts with between 25-100 karma constantly shilling the coin, claiming they've gone "all in" and drowning out anyone with legitimate concerns. The rest of Reddit and social media is also full of low effort shilling for REEF from accounts with virtually no posting history. + +Telegram - their Telegram seems to have a few core members who insult anyone asking real questions and voicing concerns (most people are limited to one message per 15 minutes - these members are not), their mods flat out ignore most questions and give either copy/paste or incredibly vague answers at best. Recently, their site was down and one admin claimed it was because the site was being developed (obviously very rare that a site would be completely down for maintenance - particularly at this time), but then the narrative quickly changed that it was in fact cause by a DDoS attack. Anyone asking about this downtime is currently being ridiculed. + +Anyway, I just sold my (quite significant) bags of REEF for the reasons outlined above. This is just meant as a word of warning to any investors/potential investors to tread carefully. + +It could be that REEF is 100% legit; these red flags could be purely coincidental and it could be that the marketing team and toxic community give an inaccurate impression of the overall project, but it just seems like too much risk, especially given the number of scams in the crypto space over the years. +Hi, some of you might remember my [original Reddit post with the Simple FIRE Tracker v1](https://www.reddit.com/r/financialindependence/comments/spm9lo/simple_fire_tracker/) I shared with you about a year ago. I spent some time updating the tracker based on your valuable feedback (see the link below). Thank you for your feedback, and please keep it coming. + +**Here are the included updates:** + +* Exposed in editable cells some key values you wanted to change often (column S). Previously those values were embedded in formulas and difficult to find. Now there is no need to edit formulas anymore. +* Included checkboxes beside every account to allow declaring selected accounts as tax-free. This way any selected account tax values would not negatively impact the final calculation. +* The more accurate calculation for the "Monthly net income... (Inflation adjusted)". The inflation is now applied on a monthly level instead annually. +* Improved formulas +* Improved visuals + +My goal is still the same, to create the simplest possible spreadsheet so everyone can use it to get the results quickly. There are many amazing advanced spreadsheets, but I wanted to go in a different direction and make a spreadsheet that anyone can populate in about 30 minutes, once a year, and visualize their progress. + +**Get the Simple FIRE Tracker v2.0 here** (please read the instructions first)**:** + +***Instructions:*** *To start customizing with your values, please go to* ***File > Save a Copy*** *after you open the spreadsheet. This would save the spreadsheet into your personal Google Drive. Make sure you are logged into your Google account first, otherwise, this option will be grayed out.* + +[https://docs.google.com/spreadsheets/d/1eaM-o1JNnEn7j4834\_suRbpWd1KTZHgmBv0rJuhODwk/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1eaM-o1JNnEn7j4834_suRbpWd1KTZHgmBv0rJuhODwk/edit?usp=sharing) + +**Description** + +There are two components on the main tab: + +1. **The FIRE Playground** allows you to test various strategies. Add your data into the grey fields and see how realistic your FIRE plan is. Change your FIRE year, investment values, contributions, average inflation, etc... All grey fields are meant to be editable.It is interesting to play with numbers. For example, imagine you sell your property and include all the money as an investment while lowering your monthly contribution as you would now have to rent. The final numbers will show your investment value at the desired FIRE year, how much money you will be able to take every month, and even how much money would that be in "today's money" so you can better understand if that would be enough to live comfortably in retirement. +2. **The Actual vs Benchmark Performance** chart is independent of "The FIRE Playground" block. The numbers for this chart are coming from the "Periodical Account Values" tab. Go there and add your numbers and delete what you don't need.In this example, Alex and Sasha have different investments, starting at different times. In the rightmost column is the benchmark value (\~$1.5M in 2032). This is the amount they believe will be enough for them to FIRE in 2032. The final result is the graph chart showing where Alex and Sasha are currently on their journey. They are catching up with the benchmark! + +Please keep in mind, this is not an advanced tool. It is created to be simple to use while still providing valuable information. I open all my investment accounts on January 1st and add all the values into this tracker. +You dirty cocksuckers always find a way to make a company’s earnings report look bad. “Well they passed expectations but this was a worse quarter than 37 years ago” STFU and let me get my tendies +EDIT 2: thanks for all of the responses. Sounds like this is completely doable, and in a number of ways, but the general consensus is that I should NOT do this. Very valid points have been made, and I think I will just keep my mouth shut about things. + +ORIGINAL POST: + +My parents are getting older and will obviously pass away at some point. + +I know that they will have well over $1M by the time they pass just due to the growth of the retirement accounts they currently have. + +I'm am financially independent and will likely retire early. My 2 siblings are in a very different boat. + +Splitting my parents estate 50/50 between my 2 siblings will absolutely change their lives. + +Am I able to just decline my 1/3 share so that it gets split 50/50? + +EDIT 1: I have discussed this with my parents already, and they refuse to change their existing will, which specifies an even 33.3% spilt. They see the 50% as unfair to me, even though I am the one that is requesting it. +**EDIT 11**: This was just a preliminary write up. You can read the full investment thesis (WIP) [here](https://docs.google.com/document/d/11oCA9iPtv6s-twhW6PdSpiENKCbeW7aJJO9Jv8KEc2g/edit?usp=sharing). + +&#x200B; + +There is a general understanding among ETH investors that the enhancements from ETH 2.0, EIP-1559 and L2 solutions will result in a sustainable monetary policy with near 0% issuance and the potential for Ether to become a deflationary asset. What is even more interesting is that the net return of ETH as a SoV becomes superior to BTC the moment that issuance is lower than the staking yield. In other words, even if BTC had already ceased issuance, it offers no mechanism to provide yield to long term holders with a negligible risk exposure as ETH does. There is an execution risk that Ethereum will not deliver on what is currently planned, but if it does then what I have explained will become a reality. + +You cannot separate BTC/ETH's payment rails from their respective monetary policies. As you are probably aware, issuance is just a subsidy, and without it the network will need to operate as a profitable business with a cash-flow that is entirely dependent on network fees. We are observing a situation that is causing a degradation of the utility of the Bitcoin network. What I mean by that is that the incentive for users to transact directly on the network is being diminished because of the tokenization into ETH and by the introduction of custodians (like Paypal) and traditional banking services who will soon be entering this space. If these trends continue, I suspect that the only activity that will end-up happening on-chain will be done by whales sporadically transacting to hodle and the occasional settlement from institutions. Bitcoin seems fast and frictionless, but that is because you are comparing it to something in the physical world. In digital terms Bitcoin emulates the friction of operation that is found with gold: it is difficult and expensive to move it, securing it yourself is not trivial, and it does not make for a great medium of exchange. I don't think this will be a good dynamic to generate enough transaction fees. That is of course my subjective interpretation of it, but regarding this particular situation it is nearly impossible to make objective assertions at this point. It is possible to assert that, in the digital world, the expectation of frictionless money would entail near instant transactions with negligible cost and without the relative risk/paranoia of dealing with nuclear waste and having a hacker watching your every move waiting for you to make a mistake to snatch it away. Digital money would also need to interact with other digital assets, preferably defined and operated within the same ecosystem. Ethereum is steaming ahead on all ends. + +Ethereum is fostering a digital economy (this is a very important part of understanding the value of Ethereum, but I will not be exploring it in this post) with DeFi at its center. It is currently generating about three times as much trx fee revenue as Bitcoin. L2 solutions are going live as we speak, and it appears that they will be much more practical and provide better UX when compared to the Lightning Network. This will help to amplify L1 block space value and push revenue even higher. That will be followed by EIP-1559, which will burn transaction fees. Mining is currently excessively profitable and the hash rate cannot keep up. This means the financial incentive can be reduced and by burning trx fees we achieve the equivalent of an issuance reduction, while stabilizing mining revenue. Eventually the transition to PoS will dramatically cut the operational cost of the network. That means that Ethereum as a business will become more profitable and less reliant on the issuance subsidy. Finally, we will see the introduction of sharding which will scale L1 by up to 1,000 times, compounding the effect of L2 solutions and making it feasible for the network to operate as a platform for new use cases. A solution to the hacker/nuclear waste security situation is being explored via social recovery wallets. It is still in the early stages of research and design, but it is important to realize that the Ethereum community recognizes it as a problem and is working on a solution. + +There is a lot more that can be said about the BTC vs ETH debate and I am working on a full write up that explores each individual element in more detail. Regardless, it is important to pay attention to this trend: the smartest people in this space are shifting their point of view and realizing Ethereum's potential. Raoul Pal is a seasoned investor, extremely bright and open minded. He started with Bitcoin, but it did not take him long to understand the value proposition of Ethereum. Lyn Alden is a brilliant investor and mental powerhouse who initially did not think investing in Ethereum could be justified, but she is also[ starting to shift her view](https://www.lynalden.com/ethereum-analysis) and now understands that it has a justifiable risk/reward ratio to be included in a portfolio (although she is not personally invested in Ethereum). She has plenty of negative things to say about it, however it appears that she recognizes this is not a black and white situation. I have a feeling she will be revising her analysis on Ethereum again in the future with a more optimist view, but maybe that is just wishful thinking. + +The crypto space has a few analogies that have been used to describe technical/economic mechanisms that are somewhat tricky to understand: mining, Ethereum's gas, and the analogy between ether and oil. Crypto "mining" is not like real world mining. It's purpose is not to extract resources, but it is rather a decentralized mechanism to process transactions. Newly minted BTC tokens are not "mined", they are minted by the protocol and awarded to operators. Furthermore, it is impossible to change the total mining output of the network... adding/removing miners does not affect the mining output. If you are new to crypto, you can read a more detailed explanation of mining[ here](https://www.reddit.com/r/CryptoCurrency/comments/k4qdyc/if_you_are_new_to_crypto_you_may_be_slightly/). ETH's "gas" is not like fuel (it cannot even be stored). It is just a computational metric that is more akin to the distance a car must travel, but not what actually makes it move. The fuel is electricity and it must be paid for with ether. When you transact you are also paying for the "car" which is the use of all active mining hardware/validators for a fraction of a second. And ether is just money. + +If you put too much weight on these simplified analogies, you will not understand the economic actuality behind them. This is a source confusion in the crypto space, and it is used to support false narratives. From an economic perspective, ether is money. Once you understand this, you will know that the narrative that BTC and ETH are not competing because they are different things is analogous to saying fax machines do not compete with the internet. + +The beautiful thing about ether is that it is actually not "just money". It is a mixture of a scarce monetized commodity, money, bond and tech stock. + +* **Monetized Commodity**: Ether is becoming more scarce and will continue to do so with the transition to proof-of-stake and EIP-1559. Ethereum does not have a supply cap, but it does have a roadmap for a sustainable security model and if it achieves a positive cashflow then it will not only eliminate issuance, it can become deflationary.[ An argument can be made about potential issues with Bitcoin's sustainability in the long run.](https://www.reddit.com/r/CryptoCurrency/comments/k46gge/the_threat_to_bitcoin_that_no_one_is_talking_about/) +* **Currency**: Ether is used as a unit of account and medium of exchange to pay for every activity in Ethereum. It is also used in the same way for venture capital related to ICOs, and Ether is also used as collateral in the DEFI space and new monetary uses will continue to emerge. It is an immature form of money, just like Bitcoin is an immature form of gold. Some people prefer to say that Ether is just a utility token. However, a utility token is just a narrowly scoped form of money. Not only is Ether's scope within its digital economy growing, by next year users will be able to pay millions of merchants with Ether through Paypal. We have never seen the adoption of a new form of money grow organically. New forms of money have always been imposed by authorities. What would the organic growth of money look like? It would look like Ether. +* **Ethereum's digital economy**: Ethereum has limitless use cases and it is already generating economic activity with real world usefulness. Ether's value will benefit from acting as the native monetary asset for Ethereum. As Ethereum's economic activity grows, the velocity and/or value of ether must also increase. +* **Bond**: With proof-of-stake you need to lock up Ether to receive a yield in return. It is similar to how bonds work. +* **Tech Stock**: Ethereum provides a service. That service is paid with ether. The network is controlled by holding ether that is staked. The more valuable the service provided by Ethereum becomes, the more users will be willing to pay for transactions and the more valuable the protocol and the Ether token become. Cloud based services is the entire business model of many companies. The network will be entirely operated by stakers who happen to be the recipients of transaction fees. It is not exactly the same as holding a stock, but there are a lot of parallels. +* **Full reserve banking model**: This is a bit of a stretch, but it is a potential end-game for Ethereum. It can serve as the base infrastructure and reserve asset for a full reserve banking system. In a nutshell: a consortium of banking companies can be formed to standardize a framework to hold and stake Ether under custody in exchange for wrapped Ether. Customers deposit Ether, banks exchange it for wETH and stake the original ETH. Resting balances of wEther on customer accounts can receive a cut of the staking rewards. Banks get their profit model, customers get to spend wrapped Ether with traditional banking services and potentially receive a share of the staking yield. Customers could also have access to a yield curve based on variable reserve requirements. This would allow banks to create money (which is actually good for the economy when it is done with moderation), but for the first time ever customers would have the choice of how much risk exposure they are comfortable with. This dynamic could help to establish a form of democratic check and balances system that discourages moral hazard. Ether could become a godsend to banks in the land of negative yields. It's a pipe dream, but not entirely impossible. Don't forget that the US OCC has essentially given banks the green light to take the first steps in this direction (US banks have been approved to use the Ethereum blockchain for their operations AND they can become validators... yup this happened). + +&#x200B; + +**EDIT 1: Adding an analogy to explain why ether is money:** + +Let’s say I have a car with a 14-gallon fuel tank and I want to take it on a road trip. The car is not aware of the price of gasoline, and it would not travel any farther if the price of gas would double the next day. That’s because the intrinsic utility of oil has nothing to do with its monetary value. The car needs gas because of its particular physical properties and how the ICE is designed to utilize it. If I want to drive from point A to point B and it takes a full tank to get there, it will take that full tank no matter what happens to the monetary properties of gas/oil. This is fundamentally different from how Ethereum uses ether. + +Ethereum (the network) is not trying to be money, but it utilizes ether exclusively for its monetary properties and not because it can be magically burned by an imaginary engine of sorts. It costs money to participate in the network as a miner, and their engagement is financially incentivized with ether. Block space is a scarce resource, therefore participants who wish to transact use ether to bid for it. These interactions are utilizing ether as a monetary medium of exchange. In the long run, as the price of ether goes up, the ether denomination of gas prices goes down. That happens because no one is using ether as gas/oil, and it is actually being used as money. In the short run you may see the opposite occurring because of the dynamic between the portion of block space demand that is inelastic and the demand for ether. + +**EDIT 2: Revisiting key concepts to explain how they will become price catalysts.** + +1. **Wide adoption of L2 solutions**: these will amplify the base layer block space value while encouraging further network adoption by a significant reduction of fees. A successful integration with DeFi protocols will dismiss the "Ethereum killers" theory and consolidate market confidence. +2. **EIP-1559**: reduce excessive financial incentives to miners by burning transaction fees. This will also discourage miners from attempting to artificially raise fees via spam. +3. **Sharding**: scale L1 bandwidth, compounding the effect of L2 solutions, further consolidating Ethereum's dominance in the DeFi space, making it feasible to introduce new use cases and eventually increase trx fee revenue. +4. **The switch from PoW to PoS**: discontinuing PoW will eliminate the operating costs related to mining and will allow for a reduction of issuance. Money that was previously allocated to buying mining equipment will be redirected to the acquisition of Ether. Staking Ether will remove it from circulation for extended periods of time. Operating cost will be negligible, allowing validators to withhold most of the Ether revenue. This will be the greatest bull market catalyst in the history of cryptocurrencies and it will eclipse the effect of[ ](https://twitter.com/search?q=%24BTC&src=cashtag_click)BTC halvenings. + +Bitcoin maximalists will be nay-saying all the way through and past a market cap flip. Do not get caught up in their narrative. If you are not sure, then it is better to rebalance your portfolio proportionally to market caps. If none of these things happen and Ethereum turns out to be a failure, then you would only have reduced your gains by 20%. Otherwise, ETH will be making you mountains of money. + +**EDIT 3:** **Ethereum killers** + +Ethereum killers remind me a lot of Tesla killers, but a lot worse. People need to understand that cryptocurrency platforms targeting financial Dapps are fighting the equivalent force of a black-hole when it comes to Ethereum’s network effect and user retention in this space. + +Bigger players, with bigger money, are entering this market and they will not settle for anything other than the top dog. This pattern reinforces Ethereum's position as the premium financial system, which ends up attracting even bigger players and resulting in the black-hole effect. To make matters even more complicated, financial apps are more valuable when they are surrounded by a rich and diverse variety of digital assets and other natively defined Dapps. There is not much you can do with your money in a ghost town. + +It is VERY difficult to build this type of environment up because the platform and dapps must also have established full trust from their user base. This is not to say there is no space for other networks to grow, but just don’t get your hopes high that they will be taking Ethereum’s stronghold as a financial system. There are other use cases that do not require the amount of decentralization and security offered by Ethereum, and the networks that can focus on these are the ones who will be able to coexist with in the long-run. Gaming, ERP interoperability and supply chain are good examples of such use cases. Remember that alternatives with cheap transactions have existed for a while and they have barely touched ETH's dominance (EOS, NEO, VET, QTUM, IOTA, LSK, STRAT, ARK and dare I say... TRON). + +**EDIT 4: Refuting critiques about dynamic monetary policy** + +If an argument can be made that the financial incentives to operators (miners/stakers) are excessive or insufficient then an argument can be for the implementation and execution of a dynamic monetary policy. + +I don't think an arbitrarily picked issuance schedule determined during the genesis of a new highly complex system is likely to be efficient through its lifecycle. Bitcoin's monetary policy provides the certainty of stability and protection from abuse, but it sacrifices the possibility of efficiency and jeopardizes longevity. It would be like if a captain of a ship would point it in the direction of its final destination, set the throttle, then fall back to his cabin for a nice bottle of chianti and hope that the ship would arrive safely. There would be no one at the helm to navigate the seas, no one to make sure it stayed on route, no one to avoid the storms or to take advantage of currents. In my opinion it is a pretty bad approach to something as critical as monetary policy. + +With respect to Ethereum's dynamic monetary policy: I don't see any evidence to suggest developers have been enriching their pockets by keeping issuance at the levels they are. Developers are stakeholders and the Ethereum fund holds a lot of ether - debasing ether is against their self interest. There is a great misunderstanding that the one's who are adjusting issuance are the recipients of the new tokens. Is there any documented case of this happening? + +**EDIT 5: Addressing Bitcoin's immutable monetary policy** + +The idea that Bitcoin's monetary policy cannot be changed is a myth. It is a false narrative that takes for granted that the issuance subsidy will no longer be necessary at some point, but there is no way to objectively assert this. There is no divine power preventing the monetary policy from being changed. If the security model for Bitcoin was jeopardized because of insufficient cash flow to miners, then Bitcoin's monetary policy would be the first thing on the chop board to go in order to remedy the situation. + +**EDIT 6:** Five years ago naysayers were screaming about how everything that is being done TODAY in the Ethereum network would never work. Now they are calling Ethereum a scam, or that is is a platform for degenerate gamblers, or that the fees are too high and therefore it is useless, or that it can't scale, or that something else better is just around the corner to take its place.... you know... basically all the things that traditional bankers have to say about Bitcoin, maxis are saying about Ethereum. + +**EDIT 7:** The greater the impact a new technology can have on society, the more difficult it is to comprehend its potential. Ethereum has the potential to have a dramatic impact on human civilization. It could take decades for it to be fully realized, but it would change the world in ways that we cannot possibly imagine today. If it happens, the moon will be just a pit-stop. + +**EDIT 8:** Thank you so much for all the awards! Ethereans understand this stuff, and I could feel the frustration in the air every time someone said that Ethereum is not money, or that ETH and BTC are completely different things, or all the other bs attacks that are in great part founded on a lack of understanding of how BTC and ETH actually work. I would love to hear what guys like Raoul Pal, Pomp, Michael Saylor and Fernando Ulrich (for my Brazilian friends) would have to say about some of the things that have been written here. If you know a way to get their attention, then please do it. + +**EDIT 9**: Clarification about Lyn Alden's opinion of Ethereum + +**EDIT 10:** I am still working on a much more ambitious write up. It is focused on economic aspects of money, monetary systems and global asset markets. I still have not incorporated any of the information written here, but I eventually will merge it together. One of the main new ideas that I am exploring is challenging the notion that money has no intrinsic value and that scarcity is the most important attribute of money. I think I make a compelling argument to demonstrate that facilitating economic activity is more important, and how Ethereum has a big edge over Bitcoin in this regard. Here is the [link to the WIP doc](https://docs.google.com/document/d/11oCA9iPtv6s-twhW6PdSpiENKCbeW7aJJO9Jv8KEc2g/edit?usp=sharing). + +**EDIT 11**: Updated the link for the WIP doc. + +**TLDR**: Ethereum is not stopping at the moon... it is not stopping on Mars... it is going straight out of the Milky Way galaxy in search for alien life... but you should own some BTC just in case the spaceship malfunctions during launch. +Surely she can have Venmo cancel it, right? + +ETA: I only rarely use venmo (or paypal, or anything else). Is there any reason I shouldn't be sending it back, if it really can't be canceled?? +Hi all, + +I have a moderately high risk tolerance and would like to hoard cash to be able to take benefit of significant decline in markets. For this I am prepared to keep aside a certain amount of cash and wait patiently for the appropriate time and day. In this regards, I have two question? + +1. What is a tax/return efficient way to parking money that I can quickly withdraw money in the event of crash and invest quickly. Ideally should have lowest tax implication and have a decent return above inflation. Savings bank, Gold fund, liquid fund, short, medium term debt funds or gilt fund? + +2. Given that I also have a day job, how can I automate the process? For example, a simple rule could be if there is a drop in .5% of Sensex since market opening, automatically and instantly invest 5000 in a index fund? Similarly, if 1% drop, invest 10,000. + +Thank you for reading, please share your knowledge on this. + +Regards, +Artemis +Just want to hear opinions and experiences from people who have been investing for some time now. + +Also, what do you wish you had known when you started? +Thanks! +I heard from someone that you can invest with Brigade commercial properties and they give you rent after taking 10% of management fees and you also get the property on your name? Is that a good investment? + +And what are other good ways invest in commercial real-estate? I am looking at real-estate that can generate some constant source of income. I don't think house rental is good anymore. Is commercial a good way to go about it? + +(I am extremely new to this but just exploring) +I have seen some arguments that suggest that the reason Ambani is planning to make Reliance debt free in 18 months is because the firm thinks that the economy is in for some tough times soon. + +Here's one such article from BQ, I saw similar writeups on livemint as well. + + [https://www.bloombergquint.com/opinion/why-is-mukesh-ambani-putting-reliance-industries-on-a-debt-diet](https://www.bloombergquint.com/opinion/why-is-mukesh-ambani-putting-reliance-industries-on-a-debt-diet) +Greetings. Hope everyone reading this is staying safe and doing good. As the topic suggests, I have a very rudimentary question here, if anyone is in the know - How do you treat capital loss arising due to involuntary delisting of a company(say due to bankruptcy where all existing shares are extinguished without any compensation). For eg say Nagarjuna Oil Refinery or DHFL(I think?) or Essar Steel. Say I am still holding 1000 shares of Nagarjuna Oil bought at 200 and they are still in my demat account. Is there any way to write this off as long term capital loss and hence adjust it against LTCG? From what I could find out since there is no actual selling of the shares I can't write it off as LTCL. But on the flipside I also don't have any actual interest in the company since shares have been extinguished, right? Would love to get any informed advice on this! +My spouses's email ID and phone number had to be updated to get OTP for making a new direct lump-sum purchase . As both phone number and email need an update, this cant be done online. Nor can one open a new account with the same PAN ! A KYC update form needs to be filled and submitted. + +Did this around 20th Feb in person - their investment service centre confirmed all docs r in order and change will be done in 7 business days !. + +The details r still not updated. Emails to HDFC CS are not acknowledged and their helpline is equally unhelpful. I will now have to search for escalation contacts. Frustrating to run from pillar to post to get a simple change done ! + +Update: This finally got done and I was able to login. I added a bank account to the folio yesterday and then tried to make a lump sum purchase. The bank account didnt show-up and the only way to make a purchase is to do an NEFT, HDFC Transfer ...... I thought the servers may be on once a day sync-up so waited till this morning- no change, account still not visible. Helpline informed over chat that it takes 7 days for account to reflect !!!! 7 day !!!! This is now bordering on ridiculous. + +&#x200B; +Does rental income get Incorporated into the mortgage evaluation process. + +If say I made 4k a month and the mortgage on a 5 unit building that was already fully rented was going to be 4200 a month and I had say 30k in the bank. Would mortgage companies factor in the current rent income in addition to my salary? I have access to the VA loan if that matters. +Disclaimer: I'm more of an art ape than an analysis, this is not financial advice I am not a financial adviser just a guy who thinks Susquehanna rhymes with SquashedBanana and that makes my ape brain happy. here's ken riding his last flash crash to oblivion. Now on with the (potential) DD! + +https://preview.redd.it/xovb99fyl6471.png?width=672&format=png&auto=webp&s=77d526103ceffb0e331194c7aa00436a780bac93 + +**TL;DR: Citadel, Susquehanna, and the other large funds that are short $GME have been strategically creating a psychological trojan horse. They have been fighting to keep the price below 350 to keeps the smaller short hedge funds from getting margin called so they can sacrifice them after tomorrows meeting (or soon after) let the price rise to near its actual limit (around 485 - 500) and then throw literally every last attack at $GME creating a similar-looking pattern to January... however this will be their final hail marry and If we HODL, Then moon!** + +I was going over Atobitt's post earlier today "[What's happening today - 6/8/2021](https://www.reddit.com/r/Superstonk/comments/nv6nmj/whats_happening_today_682021/) " when something he wrote caught my eye. To quote u/Atobitt: + +*"Think back to the House of Cards - Part III. Remember the example I gave of Goldman Sachs when they were being "bought in"? What did they do? They shorted* ***EVEN MORE*** *than they purchased on that day to keep the price down. As I am writing this, it is literally happening with GME. I honestly do not believe this is retail selling, but rather, a flash-crash to drive the price down. "* + +He went on to say: + +*"This is not normal behavior and is HIGHLY unlikely that retail is responsible. Prepare for EXTREME volatility and know that these actions are performed to prevent OTHER BROKER-DEALERS from being margin called."* + +Let me repeat that last part:\*\*"These actions are performed to prevent OTHER BROKER-DEALERS from being margin called! "\*\*those last words formed one hell of a wrinkle in my brain, I began pouring over the charts and came up with a theory! + +There has been a lot of talk about $350 they keep shoving it below that price, I theorize that is because that is the price the smaller funds get margin called, Shitadel and SquashBannana are **ONLY** keeping them afloat to use as sacrificial pawns in their endgame. + +Tomorrow (or soon after) The large Short hedge funds will let the price rise, close to where it peaked in January, the small funds will be forced to cover at $350 we will see the Short interest drop a lil. It will look like shorts are covering because they are! just the baby ones think a hand full of Glacial capitals or something along those lines, sacrificial lambs for the slaughter. + +As the price rises near or past 485 (Januarys peak) we will get the big boy, the final hail mary, the **MOAFC** (Mother Of All Flash Crashes). Citadel and the remaining larger short hedge funds will hit with EVERYTHING they got left, they want it to look like the final squeeze happened. + +This will without a doubt be followed by MSM saying it's over, the remaining shorts covered, FUD beyond all FUD, Motlyfool will forget about game stop so hard they'll get dementia, etc. + +When the dust clears Citadel's ammo will be spent, and when ken looks out from under his desk he will see that we still **HODL. 💎🙌** It will be all over for the short hedgies (*hopefully*) and the MOASS will begin.This sums up my theory on how the rest of the week/ next week will turn out, It's gonna be one hell of a bumpy ride to the moon, but it will be worth it. Love you all, it's been a hell of a journey so far and we're still only on the launch pad. + +Mod's if you see this and deem me worthy in all my smoothbrainedness, PLEASE, can I get a yellow tag that reads "SquashedBannana" ty love u! + +**Edit: Huckleberry\_007 mentioned this.** ***"Interactive broker CEO already said it was going to go to thousands, and we know they didn't cover. Probably shouldn't have let that out of the bag back then lol."*****Completely slipped my mind but yeah, it's legit possible that the big SHF's could let this baby ride into the thousands before they drop the mother of all flash crashes. either way, I got my floor and I ain't selling till then. Buy,Hold,Vote!** +Withdrawal fees, trade fees, network fees, air fees. If it's a token, it's even worse, requiring two withdrawals (ERC20 token + Ether, or the equivalent of the used network). + +The amount of steps required to use layer 2 solutions or things like TLM and WAX are just so damn high and everyone along the way takes a cut. + +This isn't how crypto is supposed to be. Currently, instead of paying one central party, there's a dozen different parties all wanting a share. + +Sending money via banks cost ZERO and in some areas instant payments are being rolled out, such as SEPA instant payments. + +It should be in everyone's interest to make crypto usable, but all these fees for using crypto is really frustrating and likely slowing down the adoption. +Ticker: ABML + +> American Battery Technology Company (ABTC), is pleased to share it has entered into a contract to purchase 8 acres of land near Sparks, Nevada. The property is located in the Tahoe-Reno Industrial Center (TRIC) and close to Tesla's Gigafactory. The new land acquisition provides the Company additional flexibility in building out facilities required to store and recycle lithium batteries. + + +This is notable as the press release from ABML name drops Tesla. Unless there was an actual connection any company alluding to ties would get sued. This comes after yesterday’s presentation at the Wall Street Conference and 6 days before their pilot plant permit is set to be approved. + +Best price to get in IMO: Anything under $2 + +https://irdirect.net/prviewer/release_only/id/4718177 +Just a theory... but I'm on Fidelity, and almost every OTC penny stock is surging 10-50% a day, and I was wondering why. I never seen anything like it. So I'm wondering if this has to do with Fidelity and other brokers getting a large amount of Robinhood users? + +Note: On Robinhood, you can't trade OTC stocks. +Hey, folks. I just received multiple tickets from users informing me they had funds stolen. They all linked to the same transaction, and these were all stolen from vanity addresses. When I asked for further details they all confirmed that they used the same site to generate the address. + +Vanity address generator: +bitcoinvanity(dot)appspot(dot)com + +Address that is piling up stolen funds from vanity addresses (multiple transactions so far): +https://blockchain.info/address/17Hnusfws7KsofWyZcNgTZ2hrWPrKuQ2na + +If you ever used this site, then I'd move funds out of the generated vanity address ASAP! + +edit: report the site here - Report the website here: http://www.google.com/safebrowsing/report_phish/?rd=1 + + + +Thanks, + +-Mandrik | Blockchain.info User Experience Expert +TLDR - Yup Markets are rigged using HFT Algos. + +*Trader Apes who watch and record glitches in Trading Data feeds daily, should go through all the links. there are many charts which will be of interest to them.* + +========================================== + +So, I have been looking into High frequency trading for the past one week………. when GME was halted on a Tuesday morning. + +Firstly, A Very interesting thing about the HALT. Nasdaq trader says it was HALT Code – M But NYSE Says it was HALT Code - LULD. + +[https://imgur.com/qbzNY9T](https://imgur.com/qbzNY9T) + +[https://imgur.com/dKDgdak](https://imgur.com/dKDgdak) + +Make up your mind exchanges. May be just another glitch. + + +Anyways, + +So, searching Internet for HFT Algos, I came across this article which clearly explained how HFT Algos were being used to manipulate the ETFs in August 2013. + +[https://blog.themistrading.com/2013/08/trading-volatility-halts-and-the-hft-4-boogie/](https://blog.themistrading.com/2013/08/trading-volatility-halts-and-the-hft-4-boogie/) + + +&#x200B; + +>Yesterday morning just after the market’s open we noticed a series of trading halts – over 50 in all –that were triggered in the markets. All of these halts were triggered with a Reason Code of “M” – the volatility trading pause when securities experience a price change of over 10% within a 5-minute period. All of these halts occurred in ETFs and ETNs, and fairly illiquid ones at that. And the halts were triggered by algorithmic quoting activity that did not result in trades. This is curious; we thought volatility trading pauses were triggered with trades, and not just quotes. +> +>*If a security falls/rises 10% in a 5-minute time period a market-wide trading pause will occur in the security for a full 5-minutes. To determine the high and low volatility thresholds* ***NYSE Arca*** *will calculate the continuous 5-minute high and 5-minute low for each security on the pilot list.* +> +>*1) The Low Volatility Threshold will equal 5-minute high minus 10%* +> +>*2) The High Volatility Threshold will equal 5-minute low plus 10%* +> +>***When a trade triggers a trading pause, NYSE Arca will send the indictor to the single plan processor.*** *This will result in the trading halt reason code and quote condition code “M” disseminated by CT/CQ to all data feed recipients. Pauses will last at least 5-minutes and end with an auction on the primary market similar to those held at the open beginning and close of each trading day.* +> +>This is apparently not so. Looking at the activity in one of these ETFs – ONN, which is the Gartman “Risk-On” ETF, **there were no trades that triggered the halt.** In addition, the events seemed to be set in motion when two things happened: +> +>1) At precisely 09:45:01 the ETF appeared to lose all offers. There ceased being a two-side market – even a wide one. At 09:45:00 the bid-ask was 29.28 by 30.35, and then all of a sudden, poof – just bids. +> +>2) At precisely 09:45:15 **“The 4% Algo”** commenced to quote strangely on the CBSX. The algo started entering orders and cancelling them in a laddered way. In a period of 5 seconds, this algo started quoting bids at $28.11, **cancelling, and subsequently entering new bids 4% lower, u**ntil it quoted **ONN at a bid of a tenth of a penny**. Likewise, it started quoting offers at $31.53, **then cancelling and entering subsequent offers each 4% higher** than its previous one until it quoted ONN at **$7,069** offered. + + +Same thing happened with GME last week. BID was in pennies and ASK reached **448,900.** So, I wanted to know what really these HFT Algos were doing and how? + +From the above blog I landed on [NANEX research](http://www.nanex.net/FlashCrash/OngoingResearch.html) which is founded **by Dodd-Frank Whistle-blower #1 Eric Scott Hunsader .** + +NANEX research have been keeping [records](http://www.nanex.net/aqck/aqckIndex.html) of all the unusual events happening in Markets for many years. Thousands and thousands hours of Due Diligence was uncovered. + +As I went through the various links, All the questions I had were answered and found much much more. Here's my attempt to compile some of them. + +## Question 1. What is 4% Algo? + +Its a "Quote Stuffing" Algo. The word itself was coined by NANEX. + +**What is quote stuffing** \- This is the practice by which stock market players called high-frequency traders slam vast numbers of orders into the system, cancelling them before anyone can react, with the aim of slowing the transit of information to competitors, or of creating confusion from which they can profit – all in the space of milliseconds. + +[http://www.nanex.net/aqck2/3610.html](http://www.nanex.net/aqck2/3610.html) + +***Excerpts from above link:*** + +>We believe that this algo will continue to grow and if left unchecked, could very well contribute to the next flash crash because it removes precious network capacity and provides zero economic value such as price discovery. + +## Question 2. Can HFT Algos Introduce ‘Volatility on Demand’? + +[http://www.nxcoreapi.com/aqck/3271.html](http://www.nxcoreapi.com/aqck/3271.html) + + ***Excerpts from above link:*** + +>Nanex \~ 02-May-2012 \~ Volatility on Demand +> +>**Either someone likes buying high and selling low, or they have figured out how to significantly increase the volatility in a stock.** + +> +>On May 2, 2012 beginning right at market close (16:00 Eastern) and continuing for about 54 seconds, an HFT algo ran that significantly increased volatility and impacted at least [**34 stocks**](http://www.nxcoreapi.com/aqck/20120502.Mfr.Vol.Symbols.txt). We think this was either a test of an algorithm someone is getting ready to deploy during market hours, or that this algo already runs during market hours, but is much harder to detect amidst the huge volume of [**market data noise**](http://www.nanex.net/aqck/2817.HTML). + +> +>Since the Flash Crash, using [**real actual market data**](http://www.nanex.net/nxcore.html), we have [**debunked**](http://www.nanex.net/aqck/2818.html), [**several**](http://www.nanex.net/aqck/2806.HTML), [**claims**](http://www.nanex.net/aqck/2805.HTML) made by HFT proponents. One claim that we haven't been able to debunk up until now, was that HFT dampens volatility. We believe that beneficial HFT acting as a market maker will dampen volatility. But there is only room for one or two market making HFTs in a stock, so newcomers have to find other ways of squeezing out profits from each equity transaction. Here's one such algo we uncovered that appears to be geared for creating volatility on demand (if someone designed this algo to make money from buying low and selling high - they failed miserably). Since we have [**seen**](http://www.nanex.net/StrangeDays/08032011.html) this same algo pattern [**in the past**](http://www.nanex.net/StrangeDays/08022011.html), **it is not likely to be from poor programming.** + + + +## Question 3. Can HFT Algos Introduce ‘Latency on Demand’? + +[http://www.nanex.net/Research/DirectFeedDelays/NewFlashCrash\_DirectFeedDelays.html](http://www.nanex.net/Research/DirectFeedDelays/NewFlashCrash_DirectFeedDelays.html) + + ***Excerpts from above link:*** + +>07/27/2011 - Direct Feed Slowdown (Latency) on Demand +> +>**Someone could slow down a direct exchange feed whenever they want, by simply sending and cancelling orders at a high enough rate.** +> +> We have analyzed book level data, a direct feed from a prominent exchange, for May 6, 2010. The same data the SEC used for the [October 2010](http://www.sec.gov/news/studies/2010/marketevents-report.pdf) report on the flash crash. It took about 3 hours for us to discover what the SEC either missed or chose to omit: this **direct feed** experienced significant delays and showed all the signs of being overloaded. There is a very clear relationship between message traffic and the extent and duration of the delay. Anyone who has worked with market data would have easily discovered this revelation within a day or two. The SEC report even mentions an average delay for this direct feed which makes the omission even more troubling. + +> +>This discovery is important because it illustrates how someone could cause latency in a direct exchange feed whenever they wanted: simply send and cancel orders at a high enough rate. + + + +## Question 4. Can HFT Algos cause Crashes? + +**"Flash Crash"** + **Date of Event: May 6, 2010** + + Article on Flash Crash of May 06 2010 - [https://www.theguardian.com/business/2014/jun/07/inside-murky-world-high-frequency-trading](https://www.theguardian.com/business/2014/jun/07/inside-murky-world-high-frequency-trading) + + +***Excerpts from above link:*** + +>6 May 2010, Market opens like any other day on the markets. By 2.30pm, it is down 2.5%: hardly catastrophic, but worth a weather eye. +> +>And then something unexpected appears. Within seconds, the Dow has lost 600 points and has fallen further than it did on news of Lehman Brothers' collapse in 2008. But that crash took a day: this spans minutes. +> +>But the trouble is, nobody can: circuit breakers designed to halt trading after unnatural price swings work only until 2.30pm and it is now 2.47pm, with the Dow racing towards an unprecedented 1,000-point loss and almost $1tn wiped from balance sheets. +> +>Then something even stranger happens as, with Armageddon approaching, the market turns tail and begins to rise, just as impossibly as it fell. +> +>600 down… +> +>400… +> +>300… +> +>200… +> +>The traders breathe again. The whole episode, the most dramatic in stock market history, has occurred within 10 minutes. Welcome to the world of HFT and the Flash Crash. + +**Flash Crash Analysis by NANEX** \- [http://www.nanex.net/20100506/FlashCrashAnalysis\_Intro.html](http://www.nanex.net/20100506/FlashCrashAnalysis_Intro.html) + + ***Excerpts from above link:*** + +>In summary, quotes from NYSE began to queue, but because they were time stamped after exiting the queue, the delay was undetectable to systems processing those quotes. On 05/06/2010 the delay was enough to cause the NYSE bid to be just slightly higher than the lowest offer price from competing exchanges, **but small enough that is was difficult to detect (**[See Part 3, The Evidence](http://www.nanex.net/20100506/FlashCrashAnalysis_Part3-1.html)**)**. This caused sell order flow to route to NYSE -- thus removing any buying power that existed on other exchanges. When these sell orders arrived at NYSE, the actual bid price was lower because new lower quotes were still waiting to exit a queue for dissemination. + +Note: [Similar Flash Crash happened this year as well.](http://www.aastocks.com/en/stocks/news/comment.aspx?id=3482) + +## Question 5. Can Flash Crash via Quote Stuffing be a trading strategy? + +[http://www.nanex.net/aqck2/4670.html](http://www.nanex.net/aqck2/4670.html) + +***Excerpts from above link:*** + +>**Nanex \~ 15-Aug-2014 \~ The Quote Stuffing Trading Strategy** +> +>On June 16, 2014, Nasdaq posted a [Disciplinary Action](http://www.nasdaqomxtrader.com/content/marketregulation/NASDAQ/DisciplinaryActions/CDRG_NQ_2014.pdf) against **Citadel Securities, LLC (CDRG)** which was similar to [one posted by FINRA](http://disciplinaryactions.finra.org/viewDocument.aspx?DocNb=36405) on June 12, 2014 (and we wrote about [here](http://www.nanex.net/aqck2/4565.html)). Usually, exchange disciplinary actions are identical to FINRA's except for name changes, however in this case, there was one paragraph in the Nasdaq action missing from FINRA's. And not just any paragraph, but the most stunning revelation about Quote Stuffing to date. +> +>This was not a glitch or human error, it was an intentionally programmed trading strategy! + +## Question 6. Are there any special privileges provided by Exchanges to HFT firms? + +&#x200B; + +Apart from faster Data feeds to HFT traders, Exchanges provide Specific data feeds which allow them to hide their orders from everyone else. + + [https://www.nakedcapitalism.com/2013/11/the-wall-street-code-hft-whisteblower-haim-bodek-on-algorithmic-trading.html](https://www.nakedcapitalism.com/2013/11/the-wall-street-code-hft-whisteblower-haim-bodek-on-algorithmic-trading.html) + +&#x200B; + +***Excerpts from above link:*** + +>**Direct Edge** had created order type called **Hide Not Slide**—which lets traders avoid having their orders displayed to the rest of the market—to attract high-frequency trading firms. + +[https://www.wsj.com/articles/SB10000872396390443989204577599243693561670](https://www.wsj.com/articles/SB10000872396390443989204577599243693561670) \- Paywall + +Article by WSJ on Order type – **Hide Not Slide** + + [https://imgur.com/wT8sOzf](https://imgur.com/wT8sOzf) + +&#x200B; + +## Question 7. Is Market really rigged? + +A detailed data-centric exposé on how the market is rigged - [http://www.nanex.net/aqck2/4661.html](http://www.nanex.net/aqck2/4661.html) + +Anonymous Writer Presents Disturbing New Evidence - [http://www.nanex.net/aqck2/4664.html](http://www.nanex.net/aqck2/4664.html) + +Nanex \~ 1-Mar-2016 \~ Vindicated! - [http://www.nanex.net/aqck2/4712.html](http://www.nanex.net/aqck2/4712.html) + +&#x200B; + +So Yup, Its been a wild ride. Please go through this for more - [http://www.nanex.net/FlashCrash/OngoingResearch.html](http://www.nanex.net/FlashCrash/OngoingResearch.html) + +Also, someone pls, Take a backup of this website. I suspect It may disappear soon. + +&#x200B; + +Credits –Themis Trading LLC - [http://www.themistrading.com/](http://www.themistrading.com/) + +Contact - [https://twitter.com/JoeSaluzzi](https://twitter.com/JoeSaluzzi) + +**Phone** + +866-3-THEMIS (866-384-3647) Toll-free + +**Book by Sal Arnuk and Joseph Saluzzi** – Broken Markets: How High-Frequency Trading and Predatory Practices Are Destroying Confidence and Your Portfolio + +&#x200B; + +Credits – **NANEX research** + +**Inquiries:** [pr@nanex.net](mailto:pr@nanex.net) + +Dodd-Frank Whistle-blower #1 was Nanex Founder Eric Scott Hunsader - [https://twitter.com/nanexllc](https://twitter.com/nanexllc) + +&#x200B; + +**Bonus Documentaries** + +**Flash Crash 2010** – [https://www.youtube.com/watch?v=aq1Ln1UCoEU](https://www.youtube.com/watch?v=aq1Ln1UCoEU) + +**The Wall Street Code** | VPRO documentary | 2013 – [https://www.youtube.com/watch?v=kFQJNeQDDHA](https://www.youtube.com/watch?v=kFQJNeQDDHA) + +Joe Saluzzi: Broken Markets – [https://www.youtube.com/watch?v=MWMcgCsr0hM](https://www.youtube.com/watch?v=MWMcgCsr0hM) + +**Suggestion** – We should have an AMA with **Joseph Saluzzi** and **Eric Scott Hunsader** on r/superstonk YouTube. +I live in a pretty rural area with tons of wild life and bugs and such. I recently left a small bag of rolled up candy on my dining table. + +Welp, the ants found my stash and I’ve had them patrolling my house non stop. + +Much in the same way these ants have and continue to find every morsel of goodies I happen to drop here and there, apes find and collect every possible, potential scrap of confirmation. + +No matter how many ants I wipe away, there’s always more, no matter how much I tell them to fuck off, there’s always more. Until I actually take the time to clean every square inch of my position, they will always be here. + +I imagine the collection of apes scouting the internet for all of the different types of info to confirm or deny information (and likely our biases as well) from the grey used in the new GameStop logo (bastille grey) and the diamond handed skin GameStop is including in the new Dying Light 2 pre-order, to the ridiculous esoteric numerology apes are crafting while others are digging deep and finding all of the info that’s been hidden and obscured from us to give SHFs the upper hand. + +I have a feeling that this is going to be the greatest saga of this century and the last. + +And not only are there people pulling together heaps of intel and information but there are some truly beautifully wrinkled and beautifully smooth creatives out there keeping all of the dryness of the stock market juicy and palatable as well as the maniac super wrinkly apes crafting robot overlords to keep things in order for the sake of us all. + + +There’s no racism, sexism, ageism, nationalism, classism. And if there is, we police ourselves righteously. We praise and reward the things of value and cruelly tear down the things of discontent or hate. + +All the while there are loads of activism, optimism, altruism, and probably a hint of alcoholism here and there. 😅 + +I wake up every day and look through r/superstonk. My mind is boggled, my laughs are guttural, my heart is full, and my hands are diamond. + +I love and appreciate each and every one of you! + +Edit: and I didn’t even mention the most mind blowing part of this whole damn thing, that everyone here is just giving their time and energy to all of this. NO ONE is getting paid to do any of this… yet 😏🚀🚀🚀🚀🚀🚀 + +Edit: +Thanks to u/karest27 for pointing out and reminding me that we have, LITERAL, boots on the ground calling bullshit on things like Glacier Capital within less than a day of receiving the info. It has a very “His name was Robert Paulson” -Fight Club feel. +I was having a conversation with a buddy who lives in Toronto and he was ranting about having to show proof of transfers out of Coinbase soon. (If you didn't know soon if you live in Canada you will have to explain where and why you are transferring anything over 1K out of Coinbase). + +Well he was also super for Canada locking bankaccounts of terrorists. (Which I get. I felt like the government was showing why decentralization was important and them locking accounts should not be allowed.) + +I told him it was a direct response to the events in Canada and he should just hold a cold wallet or something. He went on about it being too far and punishing normal people for a few bad apples. I said this is what people mean when they talk about a slippery slope. How would you identify those individuals face cameras? + + +Long story short. Don't be okay with governments punishing people that you don't politically agree with. Eventually you may be on the other end or lumped up with them. +I'll keep this short... It's too long an issue and i am so bored of it already. Basically: + +Erroneous transfer of electricity, British Gas's fault. I never owned an account with them, they had the wrong meter reading for my account. Apparently, this is now sorted but has taken 6 months. + +They also messed up with a gas account and tried to say I'd missed payments. I haven't missed a payment ever. They've admitted they are at fault for this as well + +But, with the gas account saying it has been in arrears, and the electricity account doing the same. Over the past 6 months since this started I've dropped around 200 points on my credit score! + +Do I ask British Gas to rectify this? Go to Equifax? I'm a bit lost and BG are so useless I'd rather go to another body to fix. + +Thanks! +Edit: [New post here](https://www.reddit.com/r/Superstonk/comments/v0d91b/please_check_out_a_major_update_to_wwwdrsgmeorg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) . I get knocked down but I get up again. + +I just want to say how deeply I appreciate each and every one of you, not only for your help on this project, but for who you are as individuals and the part you have played, on Reddit and elsewhere, fighting against Wall St. + +Most of all, I appreciate your friendship! I had a very rough 2 years going through separation and divorce, losing seeing my 2 step-daughters I raised as my own for 13 years, adapting to living alone, having to change churches because of divorce, losing half of my business income due to Covid, actually having Covid, etc. Sorry to ramble. + +NOW, I’m in a MUCH better place now though! Ex was a HIGHLY controlling narcissist, while my girlfriend treats me like an absolute king. All the friends I’ve made on Reddit, **TRUE friends as much as any friends irl**, were critical to helping me through with my sanity intact!! + +So anyway, a little thing like my one post being removed Friday isn’t going to stop me. WE RIDE AT DAWN!! LFG!!!!! +#Please look for a www.drsgme.org update post in the morning (Sunday EST) + +🦍💕🦍 +So I guess I'll just throw everything on the table. I am horrible with money always have been I was never raised or taught really much about it. I'm 23 with a wife, a son, 2 dogs and a cat. My wife and I both work full time and together we pool together about 60k a year. We have a mortgage, 1 car loan and each a credit card in debt. We owe 100k on our mortgage, 17k on a car, 4k furniture loan and 4k in credit card debt but I feel like month to month is a struggle and it causes me a tremendous amount of stress. My wife doesn't seem to think we are in a bad place but I feel like everything is crashing down. We have almost no savings we just basically go month to month but our savings never seem to change even if I go over the budget we built. We should have money to save every month but we never seem to. I guess the real question is, are we in a bad place? + + +I've been told that at a young age with a family your gonna be broke as hell. No matter what until later. But I can't stand this feeling of what happens if something breaks down or a pet gets sick, we'll be broke if it's anything serious. +I have been in an executive role as a VP of engineering at a large public firm for some time now but it is time for a change. At what point do you bring up potential severance and golden parachutes? I don't want to be seen as uncommitted or too wealthy to care about such things so asking fellow executives, how and at what point is it appropriate to bring this up? + +...baby steps. Secure your profits. I don’t care if it’s just a dollar.... secure your profits... + +Do it once, do it many times.... + +Set your stop loss and let your money work for you. +The front page of Bloomberg has 5 articles about the short squeezes we are inducing, including an article titled "Market Manipulation Is Like Pornography: You Know It When You See It" because we are fucking the shorts. + +&#x200B; + +CNBC's front page has more articles about us, and are trying to spread fear with an article titled "it will take a stream of buyers to keep GME and AMC going." + +&#x200B; + +Wall street journal calls us "barbarians at the gate". + +&#x200B; + +Every bit of financial media is reporting on us. They are scared - nay, terrified. They know they are going to be bitch slapped by the strongest, hardest pair of diamond hands. They know it's not over and that the squeeze has not yet squoze. I smell blood in the water. Buy and hold, fellow retards. Keep the onslaught coming and they will collapse. + +&#x200B; + +GME 69000 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +Let‘s remind ourselves here why we bought btc in the first place: a censorship resistant and permissionless system where no fucking institution tells me with whom I am allowed to transact with. This is an investment that bets against a repressive system built and maintained by corrupt governments and corporations that serve their own needs. If you still haven‘t grasped this then please sell all your coins and GTFO. +For those unfamiliar, CZ (will admit like 90% of you I can't say his real name right) is the leader of the largest crypto exchange and pretty much an indirect reason why the market has tumbled further. He sped up the process of outing Sam and helped collapse FTX which we all know the rest... + +With his newfound ego boost he tried going on a further rampage and tried getting some smoke with Coinbase and he basically cowered and backed down very quickly because he knew his claims were speculation at best and complete bs at worst. + +Turns out it was BS. Coinbase has pretty much revealed they may as well rename themselves BTC incorporated as they absolutely dwarf Binance in Btc reserves. Moral of the story, there are lots of people trying to create FUD and looking to further shake out retailers. CZ is now a living meme and for all the wrong reasons, his peepee was made to look very small when Coinbase whipped it out. +My Husband and I (both late 20s) are at a point where we have enough of a deposit to buy a cheap/affordable house. We'd be able to buy something small or in a less desirable area. + +I'm keen to buy asap just to get in the market, and then in 5-10 years purchase some place nicer. +My husband wants to wait and continue saving so that we can get a bigger house in a nicer area as our first home. + +Which way should we go? + +We both have stable full time work earning $150k combined. No kids yet. +I discovered this strategy approximately three months ago, let's just say it's been enlightening :) I'm still learning the subtleties of the wheel. Besides that, what is good to learn and why? (PMCC, credit spreads, iron condor, etc.) +Covered calls as I currently understand them only really carry the risk of unrealized loss if a stock dips or potentially opportunity cost if a stock shoots up in value way past your call strike, which to me makes them one of safest option plays available. Either keep your premium or lose it but get more than what you paid for your shares (I know you all know this but I want to make sure I'm good) + +Obviously as a result the premiums you make per option sold aren't exactly substantial. Though, if for example you sell 10 call options at the same strike and expiry (provided you have the shares to cover them) then your premium is 10X'd as well. + +My question is, given a $25 stock, selling 10 call options at a $26.5 or $27 strike could see around $500 in premium. Is there any reason not to do this, aside from the potential risk of getting assigned? And then taking that profit and reinvesting it back in to more shares (even of a different company) and selling more and more covered calls as your buying power grows? + +Is this stupid? Am I still a smooth brained ape? Is this how thetagang fucks the WSB degenerates? +New to ThetaGang, especially digging the Wheel, but am still getting my feet with choosing the right trades. + +&#x200B; + +I'm wondering if there is a specific timeframe that I can sell contracts to maximize the ratio to theta decay to time held. For instance it seems like there is a bit of a drop at about 2 months, then again at 1 month, but I also seem some folks say 2 weeks is the biggest. + +&#x200B; + +Are there additional factors that change this time window, obviously there are but are there common major factors across the board. + +&#x200B; + +Finally, any and all education/links provided on how I can maximize my return consistency using theta strategies would be awesome! Sounds a bit petty, but my goal is a 5% return minimum year over year if possible. +I’ll just use an example because that’s probably the easiest way to explain this. + +Say you’re looking at a $nvda put credit spread. $nvda is currently trading at $464. You buy an 8/21 427.50p at $4.85 per option and sell an 8/21 437.50p at $7.30 per option. This would give you a net credit of $245, and all you would need is for $nvda to not drop from $464 to below $437.50. If it were to go tits up, max loss in this situation is $755. For me, I’m willing to take the risk of losing $755 to gain $245, reliant on $nvda not dropping bigly. For this strategy to “win” long term, using numbers similar to this example, you would need to be successful <75% of the time (~$250 profit, ~$750 risk), which I think is very achievable when you’re this far otm. + +Obviously this strategy can be used on less volatile stocks, and obviously you’d want to stay away from $tsla especially. I’d stick to weeklies, as far away expiries are too risky for this imo. + +Thoughts? Am I retarded? +# Intro + +Alright so the wheel is a strategy [r/options](https://www.reddit.com/r/options/) and r/thetagang talks a lot about, where you sell puts until you get assigned on a stock, and then, you sell calls against the stock. This is how a lot of newer traders learn about CSPs and covered calls. + +What drives me up the wall are questions about which strategy is "better", not understanding that covered calls and cash-secured puts are essentially the same in terms of PnL. + +# Put-Call Parity + +Put-call parity is a concept that prices options (of the same strike) in relation to each other such that there is no arbitrage possibility. This is because you can replicate calls with puts and stock, and the other way round. + +For example, how do you replicate the PnL of an at the money long put? + +For each dollar the stock price falls, the put is worth $100 at expiration. + +We can replicate this by shorting 100 shares of stock; for every dollar that the stock price falls, we'll make $100 too. However, the put becomes worthless as the stock price rises, but the short stock will keep losing money. Therefore, we buy an ATM call. This strategy is called a "synthetic put" + +We can see that in both cases, the put and the synthetic put will have the same payoff; $100 for every dollar the stock falls, or $0 if the stock rises from now until expiration. + +[You can read more about put-call parity in the r/options FAQ.](https://www.reddit.com/r/options/wiki/faq) + +# How This Applies to the Wheel + +If you short stock and buy a call, that's a synthetic put. If you do the opposite (buy stock and short a call), that's a synthetic short put. + +By now you should realize that when you've been assigned on your puts and you sell OTM calls, it is essentially the same as selling an ITM put. The only practical difference between the 2 strategies is margin utilization and the fact that traders typically sell CSPs at a strike lower than the current stock price while selling covered calls above the current stock price. + +***You should only wheel stocks that you think will have low volatility compared to IV (since you're short gamma), you think IV will fall (you're short vega), and you're bullish on (since you're long delta).*** + +You should also be aware that covered calls and CSPs have the same risks, which include the risk of missing out on gains when the stock shoots upward (in which case you'll have your premium and a few tears), or if the stock makes a large move downwards (in which case you'll be bag holding 100 shares of stock). + +Happy trading, and please don't use covered calls to diversify your CSP portfolio. +Gnus is a small market cap (625M) company that currently trades at 2.05 a share. However they do have weekly option plays which helps for making covered calls work. + +Additionally as many new traders only use RH still they are also available on RH and don’t require .05 increments on the play. + +Currently a 6/25 $2.5 is selling for .09 which is a 4.5% gain in 1 week for your covered call. + +This stock has a relatively stable floor of 1.50 and a normal Ceiling as it hasn’t been past $3 in more than 6 months. + +If you are new and looking for a way to learn covered calls I recommend trying it out. If you just want some good passive income I also recommend it. + + +Cons: When the stock does fall to 1.5 range the premiums drop down to like $.03 which is harder to make cash on and sucks up $150 in liquidity but that’s the name of the game we aren’t here to see the moon we are here to make our cash work for us. + +This is my advice to all new traders who come to me asking to learn covered calls. + +“Buy 100 shares of GNUS and sell at a strike you’re comfortable selling gnus for and just let it go if it goes over. If need be and it’s $2.51 on your expiration buy it back for the penny and roll to the next Friday” + +This has helped many of my friends and I personally have made over 150% in premiums on this stock just selling covered 2 weeks out. + + +If you or someone you know wants help with covered calls have them check out gnus. +Tuesday’s “hear me out” on tastytrade, Tom says hedge funds turning away investors is at an all time high. + +When I googled this today all I see is a Bloomberg article. They show a graph showing every year the number of hedge funds closing to new investors goes up, but this does appear to be a steeper jump than usual. + +Their thesis was that this implies that hedge funds dont see any opportunities and don’t want to risk their reputation even for the 20/2 incentive to gamble because they’re so sure there’s nothing worth gambling on + +I could think of reasons why this isn’t bearish, but that’s definitely not my first reaction. Like maybe everyone prefers to gamble on their own and it would be embarrassing to be open to investors and no one is interested. So maybe better to play hard to get an preserve a signal of strength for when individual investors potentially get bored or give up trading on their own. Wait until they fail and hedge funds thrive and maybe the money will come back begging for help? + +Even if this was a market top, short funds, option selling and alternative assets should be doing well unless cash was the only thing worth holding. Then maybe start a hedge fund that only holds cash until a “bottom” or some other opportunities show? + +They’re literally supposed to be funds for hedging. So they shouldn’t necessarily be trying to beat the market. If the actual purpose and definition mattered, the mainstream/noncontrarian spin would be that there is no need for hedges and therefore consensus is bullish? + +Any thoughts on how to interpret this? +Hey ThetaGang! + +I am a mathematician, and I have built a free option pricing model. This model uses a probability amplitude derived from a wave function. This carries scientific merit because both the price of an asset, and the position of an electron, both exist as probabilities. + +My preliminary research shows that this model is fantastic at finding price inefficiencies. + +I would like to hear feedback! + +You can play around with this tool here, [https://www.vicarisi.com/quantumMechanics](https://www.vicarisi.com/quantumMechanics) + +Further Reading: [https://medium.com/engineer-quant/black-scholes-a-quantum-perspective-dcb61344094a](https://medium.com/engineer-quant/black-scholes-a-quantum-perspective-dcb61344094a) + +https://preview.redd.it/wue99zntxdr61.png?width=386&format=png&auto=webp&s=25ab8cf20c59af537d6765f5acb83e8578524edf + +https://preview.redd.it/7e47i4otxdr61.png?width=386&format=png&auto=webp&s=6fd140b0b7293ded6a3c13826484af3998a61413 + +https://preview.redd.it/owqks1otxdr61.png?width=394&format=png&auto=webp&s=44ed28005fb9c1d67ccb296a9aef6a68a8de68fc + +https://preview.redd.it/xi6eyzntxdr61.png?width=384&format=png&auto=webp&s=de5c6e2ecde5b192223486ee18916eff481f640d +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! +Guten Morgen to this global band of Apes! 👋🦍 + +The shorts continue to drive the price down with massive short ratios, though it doesn't change the situation at all. +In fact, it is making it easier for us to purchase shares directly at Computershare, or DRS after buying elsewhere. +We've seen the impact that withdrawing shares from the DTCC's vaults can have. +We've seen how they have tried to make us abandon that effort. +Now is the time to DRS. +To guarantee that we HODL our shares when the MOASS happens. +The recent revelations about FTX shows that you cannot trust companies to actually buy the underlying assets with your money. +If you don't hold your shares in your own name, on Computershare's books, how certain are you that you actually own the shares? + +Today is Friday, December 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$20.47 / 19,28 €** *(volume: 1938)* +- 🟥 115 minutes in: $20.42 / 19,23 € *(volume: 1430)* +- 🟥 110 minutes in: $20.43 / 19,24 € *(volume: 1351)* +- 🟩 105 minutes in: $20.45 / 19,25 € *(volume: 1295)* +- ⬜ 100 minutes in: $20.42 / 19,23 € *(volume: 1295)* +- 🟥 95 minutes in: $20.42 / 19,23 € *(volume: 1265)* +- 🟥 90 minutes in: $20.53 / 19,32 € *(volume: 1260)* +- 🟩 85 minutes in: $20.55 / 19,35 € *(volume: 1240)* +- 🟩 80 minutes in: $20.52 / 19,32 € *(volume: 990)* +- 🟥 75 minutes in: $20.42 / 19,23 € *(volume: 688)* +- 🟩 70 minutes in: $20.57 / 19,37 € *(volume: 676)* +- 🟥 65 minutes in: $20.25 / 19,07 € *(volume: 616)* +- 🟥 60 minutes in: $20.36 / 19,17 € *(volume: 506)* +- 🟩 55 minutes in: $20.36 / 19,17 € *(volume: 506)* +- 🟥 50 minutes in: $20.36 / 19,17 € *(volume: 491)* +- 🟩 45 minutes in: $20.37 / 19,17 € *(volume: 425)* +- 🟩 40 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 35 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 30 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 25 minutes in: $20.36 / 19,17 € *(volume: 416)* +- 🟥 20 minutes in: $20.37 / 19,17 € *(volume: 416)* +- 🟩 15 minutes in: $20.37 / 19,18 € *(volume: 416)* +- 🟥 10 minutes in: $20.37 / 19,17 € *(volume: 236)* +- 🟥 5 minutes in: $20.37 / 19,18 € *(volume: 236)* +- 🟥 0 minutes in: $20.37 / 19,18 € *(volume: 236)* +- 🟥 US close price: $20.58 / 19,38 € *($20.60 / 19,40 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0621. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Crypto addiction doesn't get the attention it should in my opinion. Especially in this subreddit I have seen many threads/comments that show signs of an addiction. Around 1% of crypto traders develop a severe addiction while 10% experience problems related to crypto trading. And I would dare to say that these numbers are still pretty conservative. + +One of the most important reasons why crypto can be so addictive is of course its extreme price volatility. Some fast gains, chasing the next high and leverage trading can all be very addictive. At some point we should stop speaking of investing or trading and start speaking of gambling. + +You can read more about crypto addiction in [this article](https://www.familyaddictionspecialist.com/blog/staring-at-charts-bitcoin-and-cryptocurrency-addiction) while [here](https://castlecraig.co.uk/help-advice/guide-to-cryptocurrency-addiction) you can check if you are in danger and how you can seek help. +Hi all, + +Throwaway account as I'm seeking advice on particular situation. I established a GRAT that has matured and the underlying assets (publicly traded stock) have appreciated enough in value that the recipients will receive a substantial sum. + +However, for reasons I'd like to not get into, I am afraid that at least one of the recipients will not be a responsible steward of this gift and am looking at what I can do to minimize that risk. + +According to my trust attorney, I have 105 days to alert the recipients and transfer the stock into their brokerage accounts. I asked what would happen if I just never transferred the stock to this specific (they do not know about the GRAT); she responded it would be a violation of my fiduciary duty but would have to look into this more. + +I pay for some of the living expense for this recipient and was also wondering if I could establish a joint brokerage account with them and transfer the stock there. Then, I could sell the stock and withdraw from that account as needed to pay for their monthly expenses. Would that still a fulfillment of my GRAT obligations? + +Any other advice would be much appreciated. +On mobile. I apologize for any format issues. + +I am currently on vacation, visiting my grandparents. The day I arrived, she informed me she just got her computer fixed, and it cost her $1,500 the day before. It seemed excessive. For that amount why not just get a new computer? + + +Yesterday, I came back from sight seeing to hear her being told "go get your credit card now!" From a man in a foreign voice. She had him on speaker, and it seemed like he was getting belligerent. I took the phone, and asked the man a few questions. He seemed very irritated I stopped him. He said his name was Victor and he was from Microsoft. When I asked him for his employee number, he said "if you don't believe me, call this number back. I'll still answer. I am Microsoft. Help her type in her credit card, I don't want errors. This will only cost two payments of $988." + +HUGE. RED. FLAGS. + +I cussed him out and hung up. My grandma flew I to defensive mode. I talked her down and explained I can fix it for free, NO old lady's computer costs $3500 to fix. + +These are the steps I have taken. I need to know what else i should do to protect her, because I leave for home tomorrow and I'm scared she will fall for it again. + +1. Complete system restore of her computer. She had nothing worthy of backing up. +2. Called the bank to declare the charges as fraudulent. +3. Installed antivirus. +4. Installed remote desktop access so I can fix this thing from home. +5. Filed a police report. + +I am going to call their bank and get them new credit cards right now, as she admitted to the police she DID give out the numbers via phone the day before I got here. Please help me protect my grandma. I am scared to leave her tomorrow. + +Ask questions if you need details. I'll be more than happy to answer. She's on a fixed income and cannot afford giving away $1,000 a week. + +Thank you for reading. + +Edit 1... she now has uBlock Orgins running, as well as Chrome. I deleted Internet Explorer. + +Admin permissions have been removed and are only accessible by a password only I know. + +Reset router and password, as well as her email password. + +Crushed into her head to CALL ME about anyone asking for money, as well as telling her about other scams. + +The police report was filed for the bank to begin the process of getting her money back. We could not proceed without it. + +Putting my toddler down for a nap. + +THANK YOU ALL SO MUCH FOR YOUR INPUT. You have no idea how thankful I am, how much better I feel, and how badly I want them to move closer to me. +[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/) +My Dad thinks he convinced me to sell all my coins a good while ago. Every time there's been a correction since he hears about it on the news and says something along the lines of "See? Now aren't you glad I told you to sell everything." Every time he's said this I've been up 2x from the last dip. Not gonna tell him, but its pretty sobering to think that this is the impression the average person gets of crypto when headlines are their only exposure. They think everything is crashing and burning all around us. +I’ve been seeing a lot lately on investing sites, other subs and listening to podcasts, all steering people away from dividend investing. Many of them site not picking individual stocks, tax issues and lack of growth. So what’s up with all the negativity towards it? + +As for me, I plan to stay in with my strategy to generate a stream of passive income. Just wondering what everyone’s thoughts are and if they are seeing or hearing the same things? +Do y’all reinvest your dividends back into the same stock you received dividends from or back into a more high dividend etf (example schd)? + +Any benefits of doing one over other? +Basically, the moment I turn 18, is the moment I will be opening my individual investing account. +I'm looking for growth and dividend paying stocks/ETFs. +Thanks to those who recommend something. +I currently am slowly looking to invest into possibly some dividend stocks and keep hearing about ETFs and have no clue anything about taxes on them. I hear that SCHD and JEPI and more are good, but want to learn more before investing +This will just be a short opinion. I saw this ComouterShare post: https://www.reddit.com/r/Superstonk/comments/rh62de/computershare_opened_a_dedicated_gme_helpline_as + +As you can see it seems like GME has asked CS to open dedicated lines for apes all over the world to help them DRS and for people who have questions about DRSing. Now why would a company ask CS to do that for their shareholders? + +Also in their latest report they reported the amount of shares that were DRSed. This is definitely not something that is the norm when it comes to financial reports. I have never seen this before and I have been in this "game" for years. I am not sure it has ever be done but someone please correct me if I am wrong about this. + +Now we know that GameStop can't come out and tell everyone to DRS but I believe that indirectly and without facing legal consequences this is their way of telling us that this might be the way. I can't imagine any other way they could be more clear without breaking the law or entering gray zones. + +Some people (shills probably) who say "GmE doN't CaRe aBoUt ItS ShArehOldeRs" can't say anything like this anymore if you ask me. I believe GameStop is telling us that DRSing is the way. + +I would like people who didn't DRS already to think hard and long about why they didn't yet. If you ask me DRS is the way. It took me as a Europoor more than two months to get access to my CS account. I also made the choice to buy shares in a taxable account instead of capital gains tax exemptioned account to be able to DRS. So if I can do it, you can do it too. + +Edit: also don't forget the computer chair post that RC tweeted some months ago... +&#x200B; + +hi bro\~ + +i'm korea ant + +&#x200B; + +The Korea Securities Depository says Germany's bafin re-directed the stock dividend into a stock split. + +&#x200B; + +Below is the answer from the Korea Securities Depository. + +&#x200B; + +Please understand that there may be an incorrect translation because it is an image translation. + +&#x200B; + +https://preview.redd.it/q3ercitg82h91.png?width=860&format=png&auto=webp&s=747d80fd7d21b1d9cfde76b3e65c3d14be5cf3b8 + +https://preview.redd.it/brufj57i82h91.png?width=915&format=png&auto=webp&s=d2b0208ef45fbec154d3c11dd20e9e467698308f + +\[ **on 29 july 2022, individual data providers changed the type of capital measure to a stock dividend. on 1 august 2022. however. this change was reversed.** as a consequence, it may be necessary for som custodian banks to revise the account statements concerned \] + +&#x200B; + +The Korea Securities Depository, which saw this sentence, claims that bafin processed it again as a stock split from stock dividends. + +&#x200B; + +wtf + +&#x200B; + +That's not it, you bastards + +&#x200B; + +They must have used a translator too. + +&#x200B; + +they don't understand it properly. + +&#x200B; + +Domestic securities companies also received the same response from the Korea Securities Depository. + +&#x200B; + +Korea Securities: The Korea Securities Depository says so. So the stock split is correct. + +&#x200B; + +Answer source + +[https://gall.dcinside.com/mini/board/view/?id=gmemeltdown&no=67343&page=1](https://gall.dcinside.com/mini/board/view/?id=gmemeltdown&no=67343&page=1) +**TL;DR -** No. Take some time to properly ingest the full material you're reading, and come to your own conclusions based on it. Getting some wrinkles on that brain of yours will do you a world of good, fellow ape. + +**EDIT 1:** A few people have left comments mentioning the CTA system reboot today. I was going to mention it in this post, but I totally forgot about it while focusing on everything else in here, my bad \^\^' If you haven't heard much about it, [here's a good summary post](https://www.reddit.com/r/Superstonk/comments/n63rt9/proof_that_the_1m_missing_volume_was_a_bug_quit/). + +Personally, I think that both theories are valid at the moment - I don't think either of them disprove each other, rather they're just two competing ideas. I'm interested to see which one turns out to be more accurate. My main issue with the CTA reboot theory in my opinion, is that it fails to adequately explain why the negative candle occurred. The verbiage on the CTA alerts page is a little ambiguous, but in particular, they've stated that "CTS/CQS will notify of corrected data sets when available". This implies to me that the volume data lost was recoverable, and that the recovered data would be sent to subscribers. If the data did come back in at some point, then why did we get a negative candle? If anything at all, shouldn't there have been a big positive candle that contained all the day's missing volume? Even still, I'm not really sure what about that system going down explains the after hours candle. + +Again, to reiterate - I think that both my theory and the CTA reboot theory are valid theories at the moment. There's not enough concrete data to prove either one as the correct one at the moment. This is exactly why I created this post - to get more discussion going about what really happened here. + +=== *Original post begins here ===* + +It seems like the past day of trading has been quite the doozy. Lots of strange, exceptional events. I've been thinking about it for a bit, and I think I've come up with a theory to explain what happened yesterday. If this all checks out... buckle up apes, there's an imminent shitstorm coming our way. + +I smell burning. It seems to me as if the market has caught fire. And as I'm sure we were all taught in primary school, you know what to do when you catch fire: *stop, drop and roll.* + +**DISCLAIMER:** This post is speculative, and I offer no guarantee as to the accuracy of the statements provided below. The content of this post is presented with the purpose of promoting further discussion and investigation into recent events, and is not to be construed as financial advice. I am not liable for any damages that may arise as a result of acting on the information presented below. Always remember to not let your biases get in the way of your judgement, and do your own DD. + +Secondary to this - please, counter this in the comments. This is largely speculative, and the more apes we can get scrutinizing this post, the more accurate we can make it. Remember, apes together strong. + +## Recommended Reading + +These posts have done an excellent job of reading the numbers of yesterday, and this post builds off their conclusions and findings to build a fuller, more complete theory. I strongly advise you read these posts before continuing. + +* [https://www.reddit.com/r/Superstonk/comments/n5trot/i\_dont\_to\_tout\_the\_horn\_without\_knowing\_anything/](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) +* [https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel\_margin\_call\_1m\_missing\_shares\_the\_trading/](https://www.reddit.com/r/Superstonk/comments/n5yl8r/citadel_margin_call_1m_missing_shares_the_trading/) + +# Stop - The 11:27am Market Halt + +The first odd event we saw yesterday was a 5 minute trading halt across the whole NYSE. A halt that went seemingly unexplained. As we've seen already, it looks like the total volume traded from market open to the halt comes pretty damn close to the huge negative volume candle in AH trading (we'll talk more about that one in a bit) - 1,016,670 shares traded, 1,015,953 shares removed by the negative candle. What I think happened here is the same thing other posters have theorized - **a market maker was hit with a margin call.** + +Here's what I believe the sequence of events was: + +* Our market maker in question started the day, going about their business, making the markets for GME, as they have been for a while already. +* However, our shady little market maker has been engaged in some very suspicious shorting activity lately - even opening more shorts that very same day (take a look at that dip around 10am, that looks like a likely spot to run some short attacks to me, at least). +* Their shorts have been pretty precarious on their books, and both their reduction in value and the market makers increase in GME short positions is getting them dangerously close to their *maintenance margin* (in other words, what others have been calling the "margin call trigger price"). +* A margin account's [maintenance margin](https://www.investopedia.com/terms/m/maintenancemargin.asp) is based on the current market price, and the equity that the account holds in their positions. The equity in the account must be at least 25% of the total market value of the assets, although brokers can set higher percentages as they please. By opening more short positions, they increase their equity in the account, but not by as much as the increase in total market value. Because of this relationship, more short positions = lower price to hit the maintenance margin. +* This market maker has been toeing the line with such razor thin distances that through their earlier positions opened, they brought their maintenance margin to riiiight above where GME opened for the day. +* Somewhere, as the price was increasing prior to the halt, the maintenance margin was tripped, and our scummy market maker in question was hit with a margin call. +* Realizing that they're in deep shit, and have to get this sorted *right fucking now*, they closed up their market making functions for the day. This is where the halt comes in - because they closed up, all their orders for the day have to get rerouted across the market, and the NYSE gave a 5 minute halt to let all those orders shuffle around. + +After the halt, trading proceeded fairly regularly for the day - well, as regular as you can get for GME. That is, until... + +# Drop - The Negative 1M Volume Candle + +Early on in after hours trading, we saw a pretty fucking huge anomaly come in - a candle showing a volume of -1,015,953 trades. What the fuck happened here? How do you get negative volume? I'm not sure myself, but I have a guess - and I think this *may have been a slipup from the NSCC.* + +The NSCC has this thing called Continuous Net Settlement (CNS for short), where instead of clearing every member's trades as they come in, they *net* the member's trades over the full day, and settle trades based on that net position. As an example, let's say Member 1 makes the following trades on a day: + +1. Buy 100 shares of XYZ +2. Buy 50 shares of XYZ +3. Sell 100 shares of XYZ + +CNS would combine all these trades into one position, adding purchases and subtracting totals. In this case, Member 1 has a net position of 100+50-100 = 50 shares, so CNS adds 50 shares to the member's account. + +So what's this got to do with the negative volume? What I think happened is (**BIG SPECULATION HERE**, I haven't done enough research to say for sure that this is how things work) that when our market maker closed up, and got their orders rerouted, the rerouting didn't show up as volume on the markets, so the market maker kept their orders on their reports. However, once CNS was run for the day, it found that our market maker *didn't have the ability to settle their orders reported*, so all their trades were cancelled, and *wrongly reported as a decrease in the amount of shares traded*. I say wrongly here, because those "cancelled" trades still happened - they just happened during the reshuffle in the earlier market halt. It would also explain why most places aren't reporting volume with the negative candle factored in, and instead showing 2.8M - the negative candle was an accounting slipup. But oh boy, was it an insightful slipup - if what I've laid out here is true, then we can come to the following, very interesting conclusions: + +* One market maker has represented almost the entirety of volume for GME - the difference between the total volume between market open and the halt is tiny, so our market maker here must have been handling almost all the volume. + * Alternatively, it's possible that multiple market makers were hit with a margin call yesterday, with the negative candle being the sum of all their trades. That would take some serious planetary alignment to happen, though - I'm thinking it's more likely that it was just one huge player instead of multiple, slightly less huge players. +* There's an incentive here for the market maker to keep liquidity low - the less trading activity, the less chance for big price movements, so they keep routing buys off to dark pools and OTC trades, and keep the sells on larger exchanges in an attempt to control the price, and keep it within the bands they like. Unfortunately for them though, yesterday *they lost that control,* when they halted their market making operations. (**EDIT 2:** This is assuming that this margin call they received today was the one that takes them out. It might be - but it also might not be. Keep that one in mind when thinking about this point.) +* Finally, the big one we've all been hodling out for - a big fish with a big short position has had a big margin call and is shitting the bed big time. Things are going to start getting very interesting from here on out. + +# Roll - To Be Determined + +So, to our little market maker - what's your next move? Do you start rolling, and get to covering those short positions as soon as you can to put out the fire you've found yourself in? Or is it already too late, and is it only your head that's going to do the rolling? Time is rapidly running out for you, so you better start acting fast. + +We're not the ones on fire. It costs us nothing to keep hodling. But it costs you everything to ignore the fire that's about to engulf you. + +Tick tock. + +Obligatory 💎🙌 and 🚀🚀🚀🚀. +This is so embarrassing to say but I've saved up about $25k since this time last year when I got my first post-grad job and it's just been sitting in the savings account I set up when I started working at sixteen. I live with my parents and I have very conservative bills and spending habits so I honestly don't need to see any of that money until I retire (even though it is comforting to see the number in my bank account after struggling to feed myself all throughout college). I know I could be investing it better but a lot of how that works is a complete mystery to me. I know that now would be a great time to invest in the stock market, but I'm too scared of the possibility of losing any money from doing that (although I feel like investing in Lyft or Uber would be a safe choice and all that I'd even consider). So... a high-yield account, I guess? But with what bank? Does it make a difference what bank you go with? Lol I think you can tell I'm a complete rookie so ANY advice would be appreciated, thank you all so much :) +Should I pay off my car loan or keep my emergency savings? + +I have $17k left on my car loan - monthly payment is $750 and interest rate is 3.9%. + +I have $36K in emergency funds, which is about 5-6 months in savings. + +My total monthly expenses are about $6K (including mortgage, utilities, car, personal expenses, etc) and my gross income is $156K but I am picking up extra shifts amounting to an extra $800ish a month. + +I’ve been making extra payments the past few months ($500-$2k) but am debating paying it off in full from the 36k in savings, but am hesitant to do so because I don’t see the car loan as an “emergency.” I’m just sick of having the loan looming over my head. + +Should I just be patient and make extra payments each month or should I pay it off? +My boss (~62) is about to retire and has lamented to my colleagues about how much he saved. (He also feels tethered to work to maintain his health insurance because he and his spouse are facing some health issues.) + +He's always been very frugal and just socked away as much as he could. I'm of a similar mindset, so I was surprised to hear that he's "saved too much." Unfortunately my colleagues aren't very financially-minded, so when I asked what he could mean by that, they say something vague about him being in a higher tax bracket or needing to take out more than he wants to annually (I assume they're referencing required minimum distributions, but I didn't think that started until age 72?). They are now all very careful not to "save too much" and warn me against my frugality and saving habits. They say that ultimately good savers get punished by the system. + +I wonder if his regret is centered around making too many sacrifices throughout his life for the sake of saving, and now facing health issues, realizing he should have enjoyed life more as a younger man. But I was also wondering if there are real financial reasons why I shouldn't try to max out my retirement accounts and just stick with saving ~20% (starting at age ~30). +Hey everyone. First time poster so sorry if the formatting or anything seems off. + +I’m getting married in December. My fiancé comes from a wealthier family and I found out we’ll be receiving a rather sizable gift from her grandparents of $500k. I’ve had to grind my entire life and have never received anything near that amount of money, but I’m definitely not complaining. + +Currently, we still rent a home and have minimal debt with savings and portfolios of our own. With this would you: + +A. Buy a home all cash and use remaining funds to invest? + +B. Use only a portion for a down payment and invest the remaining? + +I’d ideally like to invest in something that will be consistent growth into our retirement, with a portion of it going into a 529 plan for our future kids. + +Thanks for your help and time! +My family is not very good financially and I don’t want to make the same mistakes. I’m 19 what should I start doing or looking into. This is a general question so I don’t even know where to begin. + +Really appreciate it. Looking for tips and wisdom. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Blanderson Snooper here, time to Double Down on some wargame theories and take a look at these four companies and their role in this saga with fresh eyes and new intel. + +**Prerequisite Readings** + +[Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) + +&#x200B; + +**Suggested Readings** + +[Wargame Theory II: The Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/) + +[The GME Wargame: A New Theory of Everything](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) + +&#x200B; + +Also, if you want to better understand market mechanics and all the different pieces of the Voltron Fund, there is a DD floating around another sub called Gambling with Giants that’s a great addition to our collective DD. My hope is that some Apes will take the info in that post and put more pieces of the Voltron machine together. + +Finally, because of Reddit's interface issues, I won't be editing this post with updates, additions, and corrections. Those will continue to go in [the Ultimate Wargame FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/ojmgrs/ultimate_wargame_faq_and_cuts/) as well as be incorporated into future posts. + +🚀🚀🚀🚀🚀🚀🚀 + +Today’s story is going to take us back to the Wargame Theory II, which included these two arguments: + +1. Kenny has been hiding the true SI% since January using a variety of techniques to funnel the scheme privately between his “fortress funds” (my first inkling of what would eventually become Voltron Fund) +2. Kenny is obsessed with names that are evocative of real things but which also serve as metaphors for understanding what they do. + +**Argument 1** above was incomplete, [as leavemeanon showed in Where are the Shares](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/). + +Did you know they referenced “tip of the Glacier” in those posts, which came shortly after the Wargame Theory II? It’s my story, so I’m going to believe they were trying to tell us exactly this. Or perhaps telling us that we hadn’t found everything interesting about Glacier Capital yet, which also turned out to be true. Both? + +We also know Kenny’s been hiding way more SI% than what’s in the Married Puts, [as broccaaa and others have shown](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/). + +**Argument 2** is speculation of course, but this DD elaborates on four names that continue to point to Kenny’s name games and how they can help us understand what’s going on: + +Archegos. Iceberg Research. White Square Capital, and Glacier Capital + +Future Ultimate Wargame posts will provide even more examples in excruciating detail. For now, let’s revisit three of our old friends and one new friend-of-a-friend. + +# Archegos + +Bill Hwang’s Archegos was the canary in the coal mine when news started leaking in March of its demise. In the Wargame Theory II, I suggested that Kenny’s obsession with names could let us read more than meets the eye into the Archegos collapse. It was the first inkling I had that there might be connections we weren’t seeing, and I hoped my theory of names would help us find them. + +Eagle-eyed readers of the Wargame II taught us what the word *archegos* means in biblical exegesis: + +https://preview.redd.it/pefd53xhodb71.jpg?width=885&format=pjpg&auto=webp&s=203da422fcfef485698030d8b297842275865038 + +(**Method Note:** Another user has since [offered another possible meaning](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/h52lveq?utm_source=share&utm_medium=web2x&context=3), but the meaning in biblical exegesis is well established and so I think it’s a valid choice to make for this theory. Most words have multiple meanings, so the historical context of each meaning must be considered.) + +It’s worth noting that Archegos’s portfolio, as far as I can find it, is 100% correlated with the Voltron Fund, but they are big names like Baidu and CBSViacom so it’s not a strong piece of evidence, more of a data point to keep in mind. I wish we knew the whole portfolio. + +However, the fact that [Hwang is a Tiger Cub](https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)https://en.wikipedia.org/wiki/List_of_Tiger_Cubs_(finance)) and most of his Total Return Swaps were made with bad guy banks like Goldman Sachs, Deutsche Bank, and Credit Suisse, suggests the connection as well. Notably, Hwang is a vocal Christian, which supports the Biblical interpretation of his fund’s name. + +In Ultimate Wargame: Beginnings, I speculated that Archegos’s meltdown might be reflected in the March GME event and be a clue to understanding this year’s RRP action. Its name was an important piece of speculation that informed the theory, so **I’ll repeat the theory here**. + +&#x200B; + +* The shorts got hidden in January by the Married Puts and other mechanisms we have since identified, but that’s the last time that was going to happen on that scale +* The Voltron’s Sword algorithm determines that someone needs to go, and so Archegos (“the first, the sacrifice”) gets the call and that causes the March run-up +* While they’re waiting for the Archegos fallout to appear, the Voltron Fund fragments its holdings and prepares to use a series of Total Return Swaps to keep the price under control when it shoots up as a result (similar to how they shut down January, but through a different mechanism) +* Right after that, in mid-March, is when RRPs start to rumble and they’ve been basically growing ever since, as the TRS’s leak more and more cash into their counterparty banks. By sacrificing Archegos and keeping the price steady, they have been able to draw out the charade much longer +* They keep the price flat and money flowing through HFT shenanigans between members, and they keep the shorts hidden using TRS swaps and non-reporting family funds + +This would explain the low borrow rate and reports that they are low because there is no interest in borrowing GME. They have been borrowing and shorting as part of the strategy, but the main thing keeping them alive is spreading massive leverage over trillions of dollars AUM and dozens of companies so that every company in the fund is at least $0.01 in the black. + +They're mostly using their own shares to manipulate the price, it's just that before we didn't know all the places we had to look for them or the extent of the colluding counterparties. They will take pieces off the board here and there (Archegos, Citadel Luxembourg, White Square Capital) just to maintain equilibrium across the entire fund. I believe the May run-up *might* have been a result of Citadel Luxembourg closing and Glacier Capital absorbing some of its positions. + +Let’s take a look. + +# Revisiting the Glacier + +A couple of weeks ago I found two new stocks that started correlating to GME in mid-March. + +I found them by revisiting Glacier Capital in light of the emergence of Iceberg Research and identification of the Voltron Fund. I present this as proof of concept for the idea of the Voltron Fund and how interconnected everything is, as well as how looking at old data with the benefit of all we’ve learned in the meantime can be fruitful. It also further reveals the extent of media complicity and coordination. + +💎 + +On Monday, 17 May, Glacier Capital [publicized a strange letter to investors](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/), loudly proclaiming it had taken a short position in Gamestop at $167. + +Investigative Apes immediately went to work to determine the legitimacy of the company and details about it. [This post made through Superstonkbot](https://www.reddit.com/r/Superstonk/comments/o6otv9/potential_proof_for_white_square_capital_llp_not/) on June 23, which I just found while researching this post, looks like a prologue to the Ultimate Wargame. While their research methods go beyond what I am personally comfortable with, they proposed an idea that sounds an awful lot like the Voltron Fund: + +&#x200B; + +>I also have a strong feeling that they are using these companies to trade stocks between themselves, as well as tax evade, and execute any other illegal market tactics. I personally think there are many more companies to unravel and expose, with much more information that could help us out to see the truth. + +Anon, if you’re out there, I salute you. + +Then there was [this post showing the bullet points from Glacier’s release](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/) about their positions. I think it’s fair to say the community focused almost exclusively on their GME position, but we ignored the rest of the letter. We shouldn’t have. For once, Forget Gamestop! 🤡 + +&#x200B; + +https://preview.redd.it/qo2b80fdndb71.jpg?width=576&format=pjpg&auto=webp&s=a9ac61e255586ed61f9ded94117e6a058be9d7c5 + +They opened new short positions in Fisker and “several other EV manufacturers.” + +I don’t know much about EV companies and had never heard of Fisker, so a quick Google search found me a Motley Fool article from Jan 25 of this year. + +https://preview.redd.it/7hybd29aodb71.jpg?width=1238&format=pjpg&auto=webp&s=10cdd5816656cd09386c8e2967679fc8497f0ada + +I always click on their articles because they give me WAY more information than any other source, as you’ll see below. + +Anyway, the first weird thing about the article is that the headline makes it sound like you’re getting Elon’s top picks. However, the article just briefly lists some facts about Tesla and Elon and then never mentions them again. Instead, they introduce you to *their* picks. It’s clearly meant to deceive. + +Anyway, which stocks were the “top electric vehicle stocks?” + +# Blackberry and Lithium Americas Corp + +&#x200B; + +https://preview.redd.it/j7nr5wrbodb71.jpg?width=488&format=pjpg&auto=webp&s=08e6b99e87f7127013dd769df2e418528719d39e + +Neither of these companies makes electric vehicles (parts for them sure), but you know who has owned both BB and LAC for many years? + +**The Voltron Fund** + +You know who’s owned Fisker (FSR) for many years? + +**The Voltron Fund** + +As I was writing the original draft of this article on July 6, a brand new article about Fisker popped up on MF! + +https://preview.redd.it/w3eppieyodb71.jpg?width=1229&format=pjpg&auto=webp&s=054dd7efef71533133e4f3fd54e975232bde0206 + +Notice that they also throw in another ticker, Magna International (MGA). You want to know who’s recently taken a big(ger) interest in MGA? + +**The Voltron Fund** + +You might say they just pick winners, I say they arbitrarily make and break them. + +💎 + +Back to the Glacier and its home, Luxembourg. + +I have two theories: + +* Glacier absorbed some or all of Citadel Luxembourg’s positions through the machinations of the Voltron Fund. +* In doing so, they have correlated new stocks to GME, similar to [what we had found in The Big Four](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/). + +Let's see what we can find. + +Citadel Luxembourg closed its doors on April 30. Glacier announced its short position on May 17. It must have taken a few days to write that letter to investors, so I figured I’d look at the stock movements to see if we can find evidence of Glacier taking on Citadel Luxembourg’s positions. + +Why not start with LAC and FSR? + +Here’s a comparison of the monthly charts for FSR, LAC, and GME. My pet frog ate some mushrooms and labeled the charts, total psycho when he's tripping. 🐸👽 + +https://preview.redd.it/zjlgmybhpdb71.jpg?width=1476&format=pjpg&auto=webp&s=f8ae51df3effe867dd31b24da71cfddb3e3c6120 + +Notice the volume spike at the end of April? I speculate that this is Glacier Capital absorbing all of Citadel Luxembourg’s positions. + +All three stocks get dumped on May 10th and then begin a run-up all the way to the date of GME’s annual meeting, including sharing significant spikes on May 17th and during the May 25-26 T+21/+35 crossover event. + +Remember what happened annual meeting week? GME took a big dump, and look at LAC go with it. But wait, Fisker stays pumped up there, it doesn’t dump. + +We do know the Voltron Fund loves its pumps, right? Remember what popped up on Motley Fool just yesterday as I was typing? + +https://preview.redd.it/qjs66v5wpdb71.jpg?width=1229&format=pjpg&auto=webp&s=df0cb2d00f9b50f4ef61f84410396015ef13f867 + +Pumping Fisker on the July 6, and on July 7 what happens? It takes a huge dump and starts correlating once again with LAC and GME. + +https://preview.redd.it/jgxfl6ixpdb71.jpg?width=1520&format=pjpg&auto=webp&s=ada36fa34334b53390426971a48e8fb6326880de + +Since I’m publishing this a week later, I took a look and saw that Fisker is still mirroring GME on the daily charts. Some days it seems to and others it doesn’t. Maybe someone can put together a chart? + +Anyway, once you start correlating *everything* that happens in this saga to the Voltron Fund’s holdings, you start to understand how widespread the manipulation really is. + +&#x200B; + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +# The Widespread Manipulation Game! + +On July 6th, someone posted the first weekly results of their ticker scraping bot on Reddit and Twitter. They posted the Top 10 mentions, I’ve highlighted which ones have been owned by the Voltron Fund for years. + +https://preview.redd.it/3lo4x0q1qdb71.jpg?width=693&format=pjpg&auto=webp&s=03861359c4191462c541f5de341eab65e735455e + +They posted the 5 “Growing” mentions for the week. I’ve highlighted which ones have been owned by the Voltron Fund for years. Citadel itself recently took a large stake in Paysafe. + +https://preview.redd.it/k5btgfy2qdb71.jpg?width=697&format=pjpg&auto=webp&s=e212f0fdd041afd27837679fe86770c53aa9a143 + +They even posted two honorable mentions! I’ve highlighted which ones are owned by the Voltron Fund or connected to its interests. + +https://preview.redd.it/u4ncvgz3qdb71.jpg?width=701&format=pjpg&auto=webp&s=a97c2bd00e0d9eca19bac9e8029cda0bca2f1c37 + +**17 for 17, not bad Voltron Fund!** + +But wait, there's more! + +[u/ayyyybro](https://www.reddit.com/user/ayyyybro) has been [tracking FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) distraction stocks since January. Every weed stock, the mortgage stock, and silver companies are all owned by the Voltron Fund. When I went to the Marketwatch article about silver in February, the only non-silver ticker they mentioned was, you guessed it, owned by the Voltron Fund. This is a pattern that repeats on every hedgie media story I've looked at. If Voltron Fund doesn't own it, they simply don't mention it, good, bad, or otherwise. + +As I said, once you have this list, you’ll realize we are in a 100% manipulated media environment. No matter what choice you make, if it’s from those given, you will be a loser. + +🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑🐒🍑 + +&#x200B; + +One final thing for all you detectives to dig into before we move on from the Glacier. When Glacier announced their new positions, they told us exactly what price they took their shorts out on Gamestop: $167. Why would they announce that? + +Let’s look at the GME chart from mid-April to mid-May, with the blue line marking $167. + +&#x200B; + +https://preview.redd.it/awjx1qhiqdb71.jpg?width=1338&format=pjpg&auto=webp&s=fab9cb8d941325dc080fe2ba5c9620edc21b222d + +It’s hard not to see that line as significant, but I don’t know enough to analyze it. I see many times the stock bounces off $167, and I see clusters of volume around the end of April and May 17th, as well as a big red drop on May 3 (the first trading day after Citadel Luxembourg was liquidated). + +Thoughts? + +# White Square Capital + +If you’re still skeptical about my theory of names, how about this? + +Three days after newly elected Gamestop board member Larry Cheng tweeted this: + +&#x200B; + +https://preview.redd.it/0hb5yn2uqdb71.jpg?width=593&format=pjpg&auto=webp&s=c501818111fecd9531ab8e6d8f2c06a196268e22 + +We hear about this: + +&#x200B; + +https://preview.redd.it/r8moghxvqdb71.jpg?width=736&format=pjpg&auto=webp&s=3ef25265521396af0442958978d5d603fc7ca4a0 + +What has white squares? A chessboard. + +White Square is, as the Wargame Theory of Names suggests, yet another “name that points to a tangible thing but also acts as a metaphor for how Kenny uses it.” + +I think Kenny saw Larry Cheng’s tweet and was like, “oh you want to play a game, motherfuckers?” + +**Gamer Apes:** “[Yes, yes we do.](https://www.reddit.com/r/Superstonk/comments/ok8mf6/why_fud_attacks_dont_work_on_non_boomer/)” + +&#x200B; + +Now let’s check out a new friend-of-a-friend, and think about it as an echo of this Citron Research tweet about GME from January. + +https://preview.redd.it/i8j2wjs3rdb71.jpg?width=756&format=pjpg&auto=webp&s=984f568900f8ff506217aff1cfc1aebb75b48227 + +# Iceberg Research + +On July 2, Iceberg Research tweeted this: + +&#x200B; + +https://preview.redd.it/yi487xo7rdb71.jpg?width=752&format=pjpg&auto=webp&s=7873fe660aed54e1ff70a6ae10b0844263ee6932 + +When I first saw this, I thought it was a joke. I looked it up and found no SEC filings, and then saw a headline saying the company only had one employee in Thailand. I thought it was funny but dismissed it as a cheap knockoff troll copying Citron and Glacier's announcements. + +And that shows I’m not immune to FUD, because they do exist. It’s also why I consider things so long and carefully before publishing them. + +Someone else did some great research and linked them to a building in Westerville, Ohio. Then, just like Apes did with Glacier, someone went and took pictures of the building and its tenants. + +&#x200B; + +https://preview.redd.it/hnivvckjrdb71.jpg?width=747&format=pjpg&auto=webp&s=f159fd2ecca7bed700df00c64bf9cb80d612877c + +Nobody’s home! But don’t worry, they exist. Iceberg is as connected to Voltron as Citron, and they and Westerville, OH are connected to this entire saga in the most bizarre of ways. More on that in upcoming Ultimate Wargame posts. + +This story is all about names, though, so it’s worth pointing out that my initial research into Iceberg was flawed in another way. + +I looked them up as if they are a hedge fund, searching for 13Fs on the SEC site and didn’t find any. The difference is that they are a “research group,” which puts them in the same category as our old friends Citron. + +On Jan 19, Citron made its infamous claim that it knows short interest better than “we” do. + +* Jan 19 was a Tuesday after a Monday holiday, and we know what happened over the next two weeks with GME. +* On May 17, Glacier released its famous letter to investors. That was a Monday, and we know what happened over the next two weeks with GME. +* On July 2, the Friday before a long weekend, Iceberg released its second-rate copy of the Citron “analysis” for the movie stock. + +I originally wrote this on July 3 and said “it will be interesting to see what happens to movie stock over the next couple of weeks,” but then I shelved this project until today. So now, LIVE as I finish this on July 14, I’m going to go see what happened with that stock. + +Well, let’s just say it hasn’t followed the pattern. (I wish those Apes nothing but great things.) Sometimes this kind of research doesn't produce correlations you're looking for, and I think it's important to point out those times too. + +Here are a couple of other interesting correlations, particularly if you believe my theories about names and the Voltron Fund. + +* Citron got blown apart by its pre-Sneeze tweets in January 2021 +* Iceberg Research was incorporated in January 2021 + +&#x200B; + +Also, remember the readers who told me icebergs weren’t glaciers, but were instead parts of glaciers that break away? + +* Glacier was incorporated in 2017, Iceberg in 2021 +* Glacier revealed itself in May, Iceberg revealed itself in July + +The Glacier came before the Iceberg, twice. 💦💦 + +# Conclusion + +White Square Capital, founded in London in 2016, is one of many speciality shops founded in the last few years to house significant amounts of specific securities for the Voltron Fund. It's a tiny one, making it a perfect early sacrifice, but also a simple one to track in terms of its membership in the club. + +Another author [posted a similar theory about White Square a couple of weeks ago](https://www.reddit.com/r/Superstonk/comments/o5z8vc/working_theory_the_shf_white_square_that_just/), but I don’t think it’s as simple as Citadel taking on the positions of the busted hedge funds, in fact as my research has shown I think it may be the opposite. Citadel is the nexus and market maker for all of the other funds and their various shared schemes. + +As this Superstonkster predicted almost a month ago, + +https://preview.redd.it/kjpgwxwrsdb71.jpg?width=684&format=pjpg&auto=webp&s=e8aad7e16ec0fd50350c4df11bbcf2b75cd0b0bb + +&#x200B; + +As for what’s going on with these stocks? Well, I’d say Glacier gave us a roadmap to understanding how any and all stocks they own might correlate with GME, and that the will push or pump certain stocks while shorting others. + +**I think we can find meaning in correlating movement in relation to GME across the entire Voltron Fund over time.** But that's a big project, especially with my ancient research methods and Apeish tools. + +If a stock was moving with GME and now it isn’t, but another one now is that wasn’t, what can that tell us about the mechanisms being used to hide the shorts? + +I’d love to know what people with access to more tools and data than I have can find regarding these stocks. I also think there are lessons here about recognizing which stocks are pumps as well as understanding the arbitrage machine outlined in Where are the Shares? That’s for someone else, though, as I’m not educated in the mechanics of trading (although I aim to change that by reading the Gambling With Giants DD carefully). + +I think they don’t care which ones we pick as long as it’s from choices they give us. The more money and stocks in their system, the more they can manipulate. That’s why I’ve conceptualized the Voltron Fund as a shadow economy sucking resources out of the real economy, because I think that’s functionally what it is. It explains why the rich keep getting richer while our roads, bridges, businesses, and civil society decay. + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀 + +**A couple of observations before I go.** Please don't get sucked into NFT scams, FUD, and rabbit holes...nobody knows any more than you do until Gamestop makes formal announcements. If there are scammers out there, the only way they can get you is if you pay attention to them. + +Distraction and division are two of the most common COINTELPRO techniques. They run their games on every post I make, and I'm sure the same goes for other DD authors as well. I talked about [the cultural power of our information](https://www.reddit.com/r/Superstonk/comments/nhx7f2/gme_apes_a_cultural_due_diligence_prequel_to_the/) and how to recognize and protect yourself against manipulation in my very first DDs, and it remains true today. Give them nothing, and take from them everything. + +I also see a lot of FUD lately trying to fracture the community, lure Apes to private discords and other controlled channels of communication, cast doubt on the mod team, and get you to websites that can doxx or otherwise compromise you. Maintaining and defending this community is more valuable than abandoning it. + +**At this point we are walking through a haunted house with the lights on, don't let anyone lure you back into the dark.** + +I want to end with a heads up: some upcoming Ultimate Wargame posts will be posted to my personal profile page, not Superstonk, because they are stories drawn from the data that go beyond GME and place the story in what I believe to be its proper historical context. + +They are the story of how Kenny became Darth Mayo, and are meant to be entertaining stories based on real events, though they are sincere and genuine parts of my personal Ultimate Wargame theory. Because of how these theories have developed, I want to maintain a more distinct distance between the content based on facts and research and the content that weaves fantastic stories out of them. + +If you like James Bond or Tom Clancy, I think you’ll enjoy the next bits of speculative historical fiction. First up, [we’ll head to Seaworld](https://www.reddit.com/r/Superstonk/comments/o5ufp7/for_those_saying_white_square_capital_didnt/) by way of Catalonia and dig even more deeply into Kenny's supervillain weakness. + +Coming soon, + +Blanderson +Hi All + +Would just like some general advice on the topic. For context this is my current scenario: + +- 25 years old +- live in Melbourne +- should have $100,000 saved by the end of the year in a high interest savings account +- $59,000 Salary make $46,000 per year clear +- $3500 per month salary +- 24,000 hecs debt +- have a car that's fully paid off +- Parents are more than happy to keep me for a few more years and are not pushing that I move out anytime soon (I want to move out before 30 though) + +Apart from the above I have no other debts or large repayments to make + +I would like to move out of my parents place at the end of the year (or start seriously looking) + +I'm not sure what is more wise. + +Ideally I would like a small townhouse/house in the northern suburbs but I know I do not have enough or make enough money to afford that at this stage + + If I was to move out and live in a place: + +- do I purchase a small apparentment near my work in Port Melbourne + +OR + +- Look for something cheap in the northern suburbs + +If I was to purchase an investment property: (I'll have more to spend in this scenario) + +- should I look at a unit or apparentment + +OR + +- A small townhouse/house in the northern suburbs + +Forgive my naiveness on this topic I would just like some advice. If what I have said above is a bad idea all together and I shouldnt buy anything that's perfectly fine too + +All comments are appreciated + +Thanks + +I was very surprised to read the government's response to this question was to "dob them in". + +An example I read was an employer taking $100 admin fee per week (per employee) off JobKeeper payment. Can you think of other ways employers can cheat the system? + +Examples + +- employer taking % off payment to employee + +- making up fake employees (e.g. family member) "on the books" +I'm 23 and this is my first investment, I am interested in passive index funds and would like to invest in nifty 50. After comparing different AUMs, I found the DSP's Nifty 50 to be one of the low costs ones. As of 30 April 21' it's at NAV ₹13.11, and all the other ones are well above NAV ₹25 + +I want to understand that, why does the NAV of every AUM is different if they are tracking the same index. Is this difference because of the difference in the start date of the fund, as almost all of the have ₹10 as intial price. But then why Nippon's NAV is still 25.61 whereas UTI's NAV is ₹97.64. (2013-01-01) + +Correct me, In this scenario, buying DSP's MF at ₹13.11 would provide me more units and therefore I should go ahead with a MF that is low cost among other MFs that track the same index. + + + + +TL;DR : Why MFs that track the same index differ in NAV price across different AUM. Would buying the lowest cost MF across different AUM be the best choice. +Firstly, yes hindsight is 20/20 and you're absolutely right in asking why wouldn't I write this post before the Meta crash occurred? But, even ignoring the recent crash, I do believe that Meta's time has come and it will dwindle far faster than most other stocks will. + +Almost all tech stocks have crashed ever since the US fed turned hawkish with regard to its monetary policy, Netflix, Tesla, Meta, they're all down. But I do think the party for Meta is over. I will mostly be wrong because Mark Zuckerberg is not the kind of guy you want to bet against but anyways, here I go - + +The fall in DAU - What has spooked investors the most in the latest earnings call is the fall in DAU which stands for Daily Active Users. Ever since Meta's inception as Facebook, its DAU has always been growing but the latest quarter marked the first quarter when Meta's DAU has fallen. This is problematic because most of the ad based companies essentially depend on an ever larger growing base of consumers whom they can serve to advertisers. Lower DAU means lower consumers which means lower ad revenue. + +There are two ways to grow DAU - either organically or inorganically + +Facebook has always managed to grow DAU either organically or inorganically but I feel this will no longer be possible. + +The organic route - Facebook could go about this in two ways. + +First, they launch a new form of social media platform or a new social media experience. A newer social media experience will require a newer form of hardware to be truly different in the current world saturated with various social media apps and Facebook understands that. Their acquisition of Oculus and rebranding to Meta shows how serious the company is about AR and VR. But the fact remains that there isn't a single mass market AR/VR device yet. There is also no tangible evidence that a fully functional mass market AR/VR device is gonna hit the market anytime soon. Unless that happens, bringing about a truly different social media experience is not gonna be possible. With smartphone as the hardware base, all forms of social media experiences have been tapped out with TikTok coming out with the most innovative social media format (yes I know the content on TikTok is cringe but the format was revolutionary and went on to hook millions of users). + +Second, they just plain hope that upcoming teens willingly sign up for Facebook or its various existing properties. The truth is that none of this is happening. Social media is kind of like a cafe. Every kid only wants to go to the coolest cafe in town and no one wants to go to the second coolest cafe. The fact is Facebook has been the least coolest cafe on the internet for quite some time now. The core Facebook app is barely used by teens. Instagram is still doing well but faces tough competition from a resurgent Snapchat and even TikTok. The only other Facebook property with a large user base is WhatsApp but Facebook has been unable to monetize WhatsApp at all. They initially had plans to make WhatsApp work like WeChat but that never panned out because of issues with NPCI in India. The most low hanging fruit for Facebook right now is to insert ads between WhatsApp stories and make some money off of that. But that is literally the ONLY organic way left for Facebook to grow its revenues. No wonder people aren't feeling too optimistic about a company whose only growth arena left untapped is ads between stories of a messenger app predominantly used in developing nations. + +The inorganic route - This mostly involves acquisitions. Both Instagram and WhatsApp weren't developed by Meta, however, Meta bought them and monetized one of them (Instagram) while relying on the second to significantly boost its DAU (WhatsApp). Things are no longer the same as they were when Meta bought WhastApp and Instagram. Meta could just acquire TikTok and solve its DAU issue but no antitrust agency in developed worlds will allow that. Most anyhow call for the current Facebook to be broken up and would in no way entertain this company becoming even bigger and even more embedded in people's lives. Meta was very lucky that because of geopolitical reasons TikTok was banned in India, else TikTok was eating Instagram's market share in India like there was no tomorrow. + +So, yes, this is why I am bearish on Meta but Zuckerberg isn't a man who gives up easily. The fact that he managed to keep Meta relevant for so long when its competitors like Google Plus, Orkut, MySpace etc died at a much younger age speaks to that guy's competency more than anything else. He might once again pull a rabbit out of his hat but the chances seem increasingly bleak to most people. + +Tl;dr - Meta's DAU is falling and there is very little the company can do to arrest it in the near or medium term. +So I found out about this recently. I was always intrigued by the steady appreciation of the housing markets and i think this is a good way to bolster anyone's portfolio. I'm just in college so I don't earn much. But imma start investing later and have started formulating strategies. +https://www.livemint.com/Money/7JWCEruz3tSpogwoOnZMUK/The-curious-effect-of-mutual-fund-SIPs-on-Sensex-Nifty.html?facet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp +Request the mods to not delete this post. I asked this question in the biweekly advice thread but had no response. + +I am looking for some video/blog tutorial for ITR filing when you have investment in foreign equities as per LRS of RBI. I couldn't find anything good on internet. There is one 5-6 year old video series on youtube but its outdated. I have also invested in foreign companies which pay out dividend. So especially looking for the DTAA part of ITR filing. + +Can someone please share any resource on this? OR if there is not resource available at all, may i request the experts to please make a tutorial. I believe it will be very useful for people like me. + +I know I can hire a good CA but I want to file the ITR myself as a learning process and making sure I am aware of the nuances. After 1-2 years of DIY, will hire a CA to do it for me. +WHAT IF the Longs have been keeping the price sideways for the last couple of weeks to keep the IV low so that Shitadel wouldn't make a lot of money from options premiums? + +WHAT IF the Longs didn't fight the price dip today because they are no longer concerned with decreasing volatility to keep the IV low? + +WHAT IF the Longs actually want the IV to increase this week to discourage purchasing of call options because the options are at a max strike of $430 unlike all of the previous weeks when the max strike was as high as $800 and there were a shit ton more OI? + +WHAT IF today's price drop, increased volatility, increased IV and premiums, decreased purchasing of call options, max strike @ $430, decreased total OI, reduced impact of mooning price from all call options coming ITM... all signaled that the MOASS is imminent? + +This is all just pure speculation on my part as I think of one possibility in a universe of infinite possibilities. + +Edit: what was notable for me today wasn't the massive short attack on the price. They do that shit everyday and it's to be expected. What was notable was that, unlike everyday for the past couple of weeks, the price did not recover (usually immediately or at least by the end of the day). Why didn't the Longs correct the dip? Why didn't they fight back like they have everyday before this? I thought of this scenario as a possible reason why. + +Edit 2: some comments have asked the reasoning behind why having call options now with a max strike @ $430 is more beneficial than the previous weeks when the max strike was @ $800. This is based on the belief that all parties want to control this shit show as much as possible and try to control an uncontrollable demolition, which goes along with the belief that for the same reason the MOASS is trying to be contained until new rules are in place to make the inevitable chaos more orderly. This is actually not my original thought and I give credit to u/Coachbonk for this in his DD: [https://www.reddit.com/r/Superstonk/comments/n1703r/this\_week\_is\_not\_the\_weekbut\_these\_next\_few\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n1703r/this_week_is_not_the_weekbut_these_next_few_are/?utm_source=share&utm_medium=web2x&context=3) +[investorrelations@gamestop.com](mailto:investorrelations@gamestop.com)This is the investor relations email for GameStop, email them telling them your full name, the country you're based in, and the number of shares you own and request an Emergency Shareholder Vote and a Reverse Stock Split. An Emergency Shareholder Vote would mean eliminating all synthetic stock and taking leverage away from short-sales and a Reverse Stock Split would cause Citadel and any other phantom shares creators to be stuck holding their losses on their shorts position. This is the quickest way to help end this situation once and for all. + +You can do this using the template below created by u/Whiplash51 + +Subject : Fears of potential securities fraud + +Hello, + +My name is ----- -----, I am located in ----- and I currently own ----- shares of Gamestop stocks. I have reason to believe that the brokerage firms and clearinghouses I've used to make trades have created synthetic stock positions with no ability to actually follow through with them. In order to make sure that these groups are not counterfeiting your company's stock, I request that we hold an emergency shareholder vote. This is necessary in order to shield the company from bankruptcy and minimize potential exposure to massive security fraud. Due to recent events and suspicious trading activity, I would like to also propose a reverse stock split to ensure the legal amount of shares have been issued. + +Thank you for your time, + +(your name) + +&#x200B; + +Full disclosure, I didn't come up with this idea, credit goes to both u/gnadami and u/Precocious_Kid for it, I'm just reposting with a template to help spread awareness about this and get more people in on it. + +EDIT: I've updated the post to include the template created by u/Whiplash51 since I think it sounds a lot more professional, additionally, u/canadian-brasilian suggests that we contact the largest shareholder of the company to ask them to call back all the short stocks. The largest shareholder is Fidelity Investments and you can contact them via their form linked below: + +[https://www.fidelity.ca/fidca/en/contactus](https://www.fidelity.ca/fidca/en/contactus) + +And for anyone wondering what the logic behind all this is, here's an article courtesy of u/johnjacobbtc explaining naked shorts, how they can be manipulated, and how a reverse split stock can help solve this issue. Read the paragraphs "Naked manipulation" and "Where Naked Shorts Go to Die" - [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +EDIT 2: So apparently the email has been down for some people so here's an additional [petition](https://www.change.org/p/gamestop-shareholders-call-for-emergency-shareholder-meeting-for-gme?recruiter=1179204457&recruited_by_id=8db1ddd0-6754-11eb-a431-eb84b8ee3112&utm_source=share_petition&utm_medium=copylink&utm_campaign=petition_dashboard) you can sign created by u/confusedmongoosifer +Just wondering what everyone else is looking for on net cashflow specifically with higher end SFH short term rentals. I always try to stay at or above 7% pretax net so on a 1m property for example id like to NET at least 70k annually as my starting point for a viable property. Where is everyone else at on cashflow? +Hello Reddit, + +Attached is a snippet of the private money loan that we got from a family friend. This is for 100% financing and my partner and I will be fronting the repair cost. I know this is higher then what we could get through a hard money lender, but we went this route for the ease and not having any closing cost etc. The purchase price is 187k with an ARV of 350k. What y’all think ? + +Contract reads as : + +The purpose of this Agreement is to finance the +Borrower's purchase of +on July 28, 2022 (the "property"). The Lenders +Will loan $187,000.00 to the Borrower on that date. Borrower will repay the principle plus 10% of the principle in interest, that is, $205,700.00 total ($187,000 plus 18,700) six months after the closing, that is, by + +December 28, 2022. Though Borrower has the right to pay +earlier, the payment will remain the same ($205,700.00) +For every additional month, past six months, that the +Borrower has not repaid the loan, Borrower will pay +Lenders an additional 1% in interest ($1,870.00) per +additional month, that is, an additional 1% in the seventh +month; an additional 2% in the eighth month; an additional +3% in the ninth month; an additional 4% in the tenth +month; an additional 5% in the eleventh month; and an +additional 6% in the twelfth month. For clarity, if repaid at +the end of the twelfth month, the total amount repaid will +be the principle of $187,000 plus $29,920 ($18,700 plus +$11,200) in interest for a total of $216,920. +After six months, if payment is made during an additional +month, that is, during a partial month, the additional 1% in +interest for that month will be prorated. +Any current investors in Huntsville, AL here? I was hoping to make my first investment here (I am local), but the market is just kind of crazy right now (houses routinely selling over list price, multiple offers, full cash offers, etc). Plus, I see many rentals on the market (3/2 SFH) that have been vacant for many months. Combined, it seems like a bad idea to get in now. But, I would be interested to hear from others who work in this area. Thanks! +We are looking into a couple of properties that have 20+ units. I have experience purchasing and managing 1 - 4 unit properties. + +I understand that the loan criteria changes beyond 4 doors. I haven't reached out to my lender yet about the details. We are prepared to put down about 40% which will come from the sale of a current property. + +Can you simply 1031 4 doors into 20+ unit building? + +We will hire a property mgmt company as the area we are looking in is 1.5 hrs away. What other considerations do we need to be aware of when making a jump in units like this? + +We have a simple LLC in place, any considerations here? + +FYI, I am comfortable with capital improvements, plumbing, HVAC etc... I no experience with acquiring a property with this many units. + +Thanks for any input +I’ve recently purchased land and plan on building a small apartment complex on the land. I had the blueprints for the 6 unit building drawn, and originally intended the building to be 2 stories tall with 3 units on each floor. However, the company I hired to draw the blue prints came back and told me the zoning would allow me to add a 3rd story, for a total of 9 units. + +While I can I afford it, adding the 3rd story would increase the total price of the property by about 35%. At the same time, The 3rd story would also increase my net annual income by about 70%. If I did add the 3rd story, I would probably lower my rent so that my income would still increase by about 60%, and I wouldn’t have to worry as much about vacancy. + +It seems like adding the 3rd story is a no-brainer since I can afford it. Obviously, being able to lower rent while net income increases makes it seem like I should go with the 9 unit complex, but what are some risks that come with building an additional floor/3 additional units that I’m not thinking of? + +I’m also curious to see what you guys would do in this situation so please let me know. +I bought an house and inherited a tenant. The seller gave me a Word copy of the existing lease agreement to use. It was pretty standard until I got to the last page. It had a mold addendum that had ridiculous rules for the tenant like “wipe down all walls and ceiling with bleach after each shower” and “no towels or bathing cloths to be hung in the bathroom for more than 1 day.” Basically if mold existed in the home I could evict the tenant. + +I deleted the amendment that was clearly designed as an easy eviction clause. Wondering what other crazy lease clauses others have seen. +Some of the hottest private consumer tech companies are rushing to file their IPO prospectuses so they can go public before the end of the year. + +Airbnb, DoorDash, Roblox and Wish are all expected to make their filings public by early next week, said people familiar with the matter. + +It’s already been a big year for tech IPOs, most notably in September, which was the busiest year on record for the New York Stock Exchange. + +Between early and mid-December, public investors will likely get their first crack at buying stock in food delivery provider DoorDash, e-retailer Wish and kids gaming company Roblox, according to people familiar with the matter. Airbnb is also expected to file its prospectus by early next week, putting the home-sharing company in position to hold its market debut after Thanksgiving, said two of the people. + +Filings are expected by next week, though the timing could change based on market conditions, said the people, who asked not to be named because their plans are private. + +All four companies confidentially filed paperwork with the SEC this year, setting the stage for eventual public offerings. DoorDash announced its submission in February, followed by Airbnb and Wish in August and Roblox in October. Because the virtual roadshow has become commonplace during Covid, companies only need a couple weeks to meet with investors before their debuts. + +Representatives from each of the companies declined to comment for this story. + +Despite an economic crisis, tech IPOs are red hot, reflecting a sector that has outperformed the market in the face of a global pandemic, which has killed over 240,000 Americans, while investors also navigated the uncertainty of a presidential election. Stocks rallied after Joe Biden’s electoral defeat of President Donald Trump, giving tech companies that were surveying the market further incentive to go out now, said Kelly Rodriques, CEO of pre-IPO marketplace Forge. + +The sector’s strong performance has persuaded all four companies to push forward with going public now, before conditions change. About a dozen other global tech companies could raise at least $1 billion in an offering that are preparing for 2021, according to a person familiar with the matter. + +[Source](https://www.cnbc.com/2020/11/12/airbnb-doordash-wish-roblox-ipos-all-expected-before-year-end.html) +&#x200B; + +[the tweet & cover page of the white paper](https://preview.redd.it/z5ww9oo7gug81.png?width=1223&format=png&auto=webp&s=4b9e2120ab666ef6c0c170aff741b1734459fb39) + +Obligatory links: + +RC's tweet - [https://twitter.com/ryancohen/status/1491035280488689664](https://twitter.com/ryancohen/status/1491035280488689664)The white paper - [https://www.computershare.com/News/21st\_Century\_Stock\_Ownership\_GCM.pdf](https://www.computershare.com/News/21st_Century_Stock_Ownership_GCM.pdf) + +My personal favorite highlights from the white paper: + +>**Here are some additional advantages of DRS for investors:** +> +>Investors are not required to enter into an ongoing relationship with an intermediary thirdmparty, such as a broker or bank – and to pay the intermediary’s fees – simply to hold securities. +> +>Investors maintain direct legal title (i.e., direct ownership of the shares), better protecting them from any risk that their securities may not be immediately available to them due to a bank or broker’s insolvency or other problems. +> +>Investors receive shareholder communications directly from the issuer and vote their shares directly with the issuer, maintaining a direct relationship. +> +>In exercise of other shareholder rights (e.g., mergers and acquisitions, annual or special meeting voting, or other elective actions), investors have a longer timetable for response, as they don’t have to wait for the bank or broker to provide information and gather votes during the process. +> +>Investors have greater choice in subsequent trading decisions – when shares are held with one bank or broker, it’s technically difficult and financially expensive to transfer to an alternative broker to trade.