diff --git "a/reddit_finance_43_250k_102.txt" "b/reddit_finance_43_250k_102.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_102.txt" @@ -0,0 +1,10000 @@ +I tracked my fuel and parking for a month and I'm so baffled at how high the sum is. It may not seem like a big number but it's a huge chunk of what my take home pay is monthly. My work won't cover parking which accounts for 1/3 of that number which is a huge bummer. + +Thankfully I just moved to an area that I have access to public transit which will really help me save. +**Is this the time to buy Disney stock? Will Disney+ make this company a must have? What is my price prediction for Disney?** **Read until the end of the post** **as I reveal my price target for Disney and what I expect to happen next** + +**\~Very Very Long Post\~** + +Hello everyone and stock analysis in which we will go into an in-depth analysis about Disney’s stock! We are going to talk about Disney as a company and what’s the upside for the stock! So, let’s go over the company a little before moving on to some fundamental, technical analysis, predictions, cash flows analysis and my price target for the stock in the next years & months. + +Let’s start by talking a little about [Disney](https://ibb.co/PMhMz9f), yeah, I know everyone knows Disney, their movies, their parks and much more, but I believe Disney is still undervalued at this current price, especially due to their Disney+ and other streaming businesses which have taken of since the start of 2020. + +Disney is the biggest entertainment company in the world, and has the 20th biggest market cap as they operate a number of profitable segments including cable networks like Disney, ESPN and many more others, while they also have a vast segment of parks & experiences including multiple Disneyland resorts, cruise lines and many others. Disney also operates a studio entertainment business under multiple big names like Marvel, Pixar, Walt Disney pictures and also offer Direct-to-Consumer networks & streaming services like Disney+, Hulu, ESPN+ and others. The company has over 200K employees and is nearing 100 years since it was founded. + +So, we have to talk about the adjustment Disney has made starting in 2020. The company has cut the [dividend](https://ibb.co/YQQ8xLL) payouts and has focus its efforts into growing the company, with the company accelerating their move to an elite streaming business, which was supposed to have a time horizon of at least 3-4 years, and which has now surpassed all their expectations, and made the stock pop to all time highs of over $180 just recently. + +Disney just had their latest Investors Day meeting in which they announced a lot of promising business opportunities for the company related to their developing streaming business. + +They announced at least 10 Marvel [series](https://ibb.co/RQrxPfR) like Captain Marvel 2, a new Doctor Strange development while continuing [movies](https://ibb.co/87CcQ7B) for Thor, Black Panther and [others](https://ibb.co/Dpr73G2). They also announced at least 10 Star Wars [series](https://ibb.co/9HBrXZj) [including](https://ibb.co/PZkKTC4) the continuation of their big hit The Mandalorian and also provided updates on more child friendly productions with 15 Disney & Pixar [series](https://ibb.co/HNkMYvT). + +The company has far outpaced any of their previous [GUIDANCE](https://ibb.co/vhWGCRd), as their initial guidance in all 3 big streaming services, Disney+, Hulu & ESPN have been reached in less than a year, with Disney+ and ESPN+ hitting the top of their expectations for 2024 while Hulu is just shy of their bottom expectations, as Disney+ was a hit since its start, with over 10M signups in the first [DAY](https://ibb.co/PW4WRfY). + +Disney+ also keeps expanding into multiple countries, as they continued to launch the streaming business in over 15 [countries](https://ibb.co/Kwk9dd1) just recently in November, as their streaming services are [offered](https://ibb.co/4N8s3yt) on most devices like Android & Apple devices, Amazon’s Fire TV, Roku streaming platform and Google’s devices. + +The company has extreme pricing power due to their capability to generate revenues from their other income streams but haven’t chosen to abuse that with only minor increases in price while also offering a great Disney [Bundle](https://ibb.co/R2p28zM) for just $13/month that includes the top 3 streaming services, Disney+, Hulu & ESPN+. + +Hulu has seen a huge subscriber [growth](https://ibb.co/XkVCK72) in the past years, adding around 8M subscribers/year since 2017 as they offer multiple subscription [choices](https://ibb.co/sFnV4gV), starting from 6$ up to 71$ for their no ads & live TV service. After these results, Disney has slightly increased their bottom-line expectations for the [service](https://ibb.co/4sK1HR7) to 50M by 2024 and are expecting Hulu to become [profitable](https://ibb.co/W3C6Ybm) as soon as FY 2023. + +They also revised the [ESPN+](https://ibb.co/S0wx121) expectations from between 8-12M to an incredible 20-30M subscribers range by 2024 as they also expect this service to become [profitable](https://ibb.co/4S8Qj8b) by FY 2023. + +But guys, by far, the biggest [guidance](https://ibb.co/3swTzSG) upgrade for Disney has come from Disney+, with a revised guidance of over 230M and a top expectation of 260M subscribers by 2024, which is 30% more than Netflix has right now, after over 20 years since it was founded. They are also planning on [pricing](https://ibb.co/zZszZWR) Disney+ at $8/month starting this March, as they have revised the content [expense](https://ibb.co/kKK2Rxq) to over $8B for 2024, more than double their previous estimates, as they look to provide as much and as good as possible content for their customers. + +Despite the huge number of subscribers, [Disney+](https://ibb.co/1Lrscqx) is still losing money due to very high costs of getting the service of the ground, but the company has revised their expectations and expect peak operating losses from Disney+ to come up this year and are expecting profitability by 2024, which is pretty much on schedule. + +So, let’s go a little through the latest quarterly & yearly results for [Disney](https://ibb.co/x3n4Bmb). The company has been hugely affected due to the events that happened in 2020, as they were forced to close or operate at a significant reduced capacity their Parks, Experiences and Products segment. The company reported a non-GAAP loss of $0.20 for the 4th quarter and a loss of $2.02 for the year. Despite this loss I think the company has done as good as was possibly expected, as the situation accelerate their growth of their Disney+ service. + +The company [reported](https://ibb.co/Bjpz16L) just over $7B in Media revenues for the 4th quarter and over $28B for the year, both of them being increases of at least 11% vs the previous year. Disney also reported a 41% increase in Direct-to-Consumer revenues for the 4th quarter with almost $17B in revenues for the year, while on the other hand both the Studio Entertainment & the Park, Experiences & Products segment saw a major loss of revenues, with both of them being down more than 50% for the 4th quarter vs 2019. + +[Disney](https://ibb.co/G0KBJQG) also improved their operating results in both Media Networks and Direct-to-Consumer but only manage to obtain an operating income from their Media Networks and their Studio Entertainment business, totaling an operating income of just over $8B for the year, a 45% decrease over 2019. + +Their latest moves to accelerate the growth of Disney+ had a big effect in the operating [results](https://ibb.co/t3wfwzC), as the costs of rolling out Disney+ eat up the revenues, while very few of their Movies were actually released to the cinema, which also impacted their Studio Entertainment top & bottom line. Also, to be noted that the eliminations segment includes the inter-segment transaction between their Media & Studio segments to their Direct-to-Consumer segment. + +[Disney](https://ibb.co/SxXHZLK) also saw their Parks & Experiences revenues decline drastically as well as their operating results as a result of the closing or operating at a reduced capacity for all of their resorts, which is estimated to have had a negative impact of $2.4B for their operating income. + +Studio Entertainment was hit just as bad with a decline of more than 50% in both revenues and operating income as theatrical releases were mostly put on pause as most of the theaters around the world have been closed or have operated at a significantly reduced capacity. + +We also saw Direct-to-Consumer operating loss and revenues [improve](https://ibb.co/G7Sg19n) for the 4th quarter, as ESPN+ & Hulu were a boost while Disney+ continued to burn money at a very high rate, that is needed for a rapid growth of the service. + +We can also see that all 3 major streaming services had a big increase year/year, with ESPN & HULU gaining more than 7M paid subscribers while Disney skyrocketed to over 86M after the latest numbers from their investors meeting. Despite this numbers the only increase in monthly revenue/subscriber was seen in [Hulu's](https://ibb.co/LzmrvwV) top package while the rest of them dropped, very likely due to the high number of promotions in the Asian markets. + +It’s also to be noted that though most of their parks & resorts were affected, Disney didn’t stop investing in them and had a [Capex](https://ibb.co/2jsth35) of over $4B in 2020. + +The [company](https://ibb.co/dk88L7f) also received other sources of income due to their gains in DraftKings, but most of these gains were offset by their interest expenses. + +So, you should now that I am bull on Disney but I am willing to hear other opinions so don’t be afraid to leave a comment down below! + +I have made some predictions based on the growth rate of the company, the latest [plans](https://ibb.co/9WxkCyd) announced by them and used some estimates and expectations of their revenues streams to normalize in the next years. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… + +So, let’s start with the Unleveraged discounted free cash flow [projections](https://ibb.co/mtb7s5y), though this is not my favorite type of projections we will get to that very soon. + +I implied the same growth rates for the total revenues based on my growth projections and also implied that EBITDA margin will slowly recover to the levels it stood before the massive investments in their streaming business, as the EBITDA margins [stood](https://ibb.co/Svr8NjN) at over 30% before that, and with streaming business being a very lucrative affair I can easily see that happen again. + +I also used the Depreciation & Amortization from 2020 and implied a 10% growth, while also doing the same for the Net Working Capital. I used a 15% capex increases like I will do in my growth projections, and used a 9% discount rate, which is above the avg SP500 return in the past 60years. + +Now there are 2 methods of doing the valuation, either the perpetuity method or the EBITDA multiple method, but for Disney I think the EBITDA approach is better suited as I expect the stock to be re-rated after they start to turn profitable on their streaming business and you will see with my growth method that it shows pretty much the same results. + +So, this means we have an estimated $56B worth of FCF for a 9% discount rate. I also assumed the company will continue to grow at a 3.5% rate after 2025, and that would mean that Disney will be worth almost $500B by 2025. So, let’s do the math for the growth approach and with a share count of 1.81B, that would mean a stock price of $175 and would imply a return of just over 2%. But I don’t expect this to be the best way to value the company. I think the EBITDA approach is better suited for the growth that lies ahead for the company. So, I wanted to be conservative and used only a 16 times EBITDA, which is the last multiple Disney traded before 2020, though I think with this new approach to the business we can see Disney valued at even higher multiples, maybe even 20 to 25. So, with this 16 times multiple, the stock would be undervalued by over 40% right now, but for safety reasons I would use an average of the 2 approaches. So, I expect [Disney](https://ibb.co/hM8mqnd) to trade around 210$ using the DCF model, which would imply a 22% return, which seems pretty good. + +I think now is the time we move on to my favorite valuation [approach](https://ibb.co/jkL0JG9) for the future. + +I like to value companies based on multiples of future price earnings. So, let’s take a look at what Disney earnings/share will be by 2025. + +For my [projections](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c/edit#gid=1003936878) I actually just used their full year results and implied different growth rates for each revenue stream. So, for the Media Networks I implied a 10% increase for next year and a decreasing growth after that and did pretty much the same for the Studio Entertainment Business. I did however imply a return to normal in Parks & Experiences revenues by 2022 and a slowing growth after that, while for the Direct-to-Consumer I implied a bigger growth rate as by their own forecast, Disney+ should account for around $20B in revenues by 2025 on its own. + +For Disney’s cost of sales, I maintained the 68% expense ratio on their Media Networks, while for their Parks & Experiences I implied a very big cost of sales for the next 2 years and expect that to normalize towards the end of the period. Meanwhile for the Studio Entertainment business I actually used a bigger expense ratio just to be safe and for the Direct-to-Consumer cost of sales I implied a loss for 2021, a break even for 2022 and just starting to become positive after 2023 ending with a cost ratio of 75% in 2025. For the eliminations revenues and costs I implied a gradual 10% decrease in each year, but this shouldn’t affect the results that much in the end. + +I used their Capex spending from 2020 and implied a 15% annual growth, as this will continue to increase at least for the next couple of years, while for the interest income & expenses I implied a 10% annual decrease, but this numbers are again so small that they don’t impact the end result that much, and didn’t want to assume and other significant losses or income. + +I used the nominal US TAX rate of 21% and implied a .5% dilution of the stock each year. + +So, let take a [recap](https://ibb.co/nj7sX5h), I expect Disney to have over $137B in revenues in 2025 and almost $35B in gross revenues. After subtracting their $8B capex and the almost $700M related to interest, and also account for the tax rate, Disney should have just over $20B in income after tax or just over $11 in earnings/share. So, adjusted for the .5% dilution, this would mean the stock is trading at just over 15 times price to 2025 earnings right now. + +I know Disney has traded under a PE of 20 historically, but with them renouncing dividends and focusing on growth, especially as I can see every streaming business being valued very highly right now, I think we can see a multiple expansion on Disney vs the previous normal. So, depending on what PE you assume for the stock between 20 and 35, the stock can trade between $220 and almost $390. + +So, after all these estimates what are my price targets? [Here](https://ibb.co/849LJH3) are my actual price targets… I think the bear case 2025 price we can see Disney trade at is $249 which would imply a return of over 45%, while my base case and my pretty safe assumption is that Disney will trade at 304$/share by the end of 2025, implying a 77% return on the current price. But my most bullish case would see the company trading at $359, which would imply a return of 110%. So yeah guys, this are my Overall price targets for 2025, my bear case is an average of the 20 & 25 PE ratio, while the normal case is the average between the 25 and 30 PE’s with the most bullish case valuing the company between a PE of 30-35. + +So here is the [FULL](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c) spreadsheet that I have projected for Disney by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just look at the growth Disney has had just in the past year in the past. The company has [increased](https://ibb.co/BP8SVHK) in value by more 18% despite all the obstacles it has faced and was up 57% in the 4 years [before](https://ibb.co/bHxHf5h) 2020. So yes, I think Disney will be one of the best re-opening plays and stay-at-home trades as well, so a win-win no matter what. + +The company also has very good [financials](https://ibb.co/JntSMr8), with more than $35B in current assets vs only $26B in current liabilities and with over $200B in total assets. So, the company is way more than solvable at any point in the near future, even after the bad year they had in 2020. + +And let’s also take a look at what the estimates are from the analysts. We can see that the [analysts](https://ibb.co/1sRqCTB) expect somewhat smaller revenues by 2025, of around $115B compared to $137B that my Growth Valuations are projecting. But I think this haven’t been revised enough and don’t take into account fully what the streaming business will mean for them even after their other revenue streams come back to normal. + +So, what do I expect in the next couple of days, weeks and months for Disney? + +Let’s look at this [CHART](https://ibb.co/cTCvdgf), Disney has had a history of gapping up and then filling back the gap-up in the past 6 months with the stock doing so 2 times. But more recently they didn’t fill the gap-up after the vaccine news and even gapped even higher than that after the revised subscribers’ numbers revealed at the investors day. The stock was almost overbought and overbought for pretty long stretches of times in the last 6 months, but right now the RSI has dropped to 51, which could be a sign the stock is ready to move up once again. So, my personal opinion is that we can see the stock trade flat or even drop a little more but not below 158$ before the next quarterly [earnings](https://ibb.co/k8x6cCW) are released in February. Last time around they beat expectations by quite a lot and I think they might actually pull it off again with the increasing strength in the streaming business, and that might be enough to push the stock even higher. So, using the [DCF](https://ibb.co/ZfcJZz9) valuation, I think we can see Disney trading at around $210 by the end of the year, especially if things start to get back to normal and their parks & other revenues streams come back at increased strength. + +And let’s take a quick look at what 27 [analysts](https://ibb.co/VJNg2m5) on Wall Street are saying. They are mostly very bullish on the company with an average price target of $181 and a high price target of $220, as 20 of the 27 analysts are either bullish or very bullish on Disney. So yet again, I think the analyst are undershooting the price of Disney, as it’s always better to undershoot and overperform rather than the other way around. + +So, what would I do? Well, I own Disney stock and I believe it still has plenty of room to grow, so I would start building a position on any weakness, and I would especially buy more if the stock drops to $160. + +One last thing to mention about Disney is that they also have a very big % of their shares held by institutions, with over 65% of the float being held by big [funds](https://ibb.co/5KRGT0Y) like Vanguard & Blackrock. + +So, this are my projections and my expectations for the company, I think Bob [Chapek](https://ibb.co/1JJzyq2) has done a terrific job since becoming the CEO early in 2020, and has driven Disney to a renewed approach to their business, so, if you do want to check out the spreadsheets you can find the link [HERE](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c)! + +**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗** +Edit: This is year to date. The volume for previous years when GME was like $2 or $4 doesn't really matter when it comes to analyzing the short squeeze. + +Previous record: 4,961,500 on Jan 5th. 6 days later, huge spike in volume, price spiked shortly after that. + +For all y'all new apes out there, why we want to see a low volume because it indicates that everyone is HODLING and that the HFs who desperately need our shares to cover are getting absolutely jack shit. + +This is basically is like winding the spring for a jack-in-the-box. When the spring is winding, not much is happening, kinda boring. But once that spring is fully wound. BAM. Tendies come flying out of the box all over your face. + +Edit 2: I'm not saying that the past will repeat itself, but I'm just highlighting what had happened in the past when the volume was like super super low. What happens this time, who knows! All I know is BUY and HODL +I liked u/gigachadenergy 's post, so thought I'd make my own. Sorry for the formating. I'm on mobile. + +SOMERO ENTERPRISES (SOM) + +This is a small cap company, dominating a highly profitable niche. It's actually an American company, which does most of its business in the USA, so why it's listed here I do not know. + +It's the world leader in laser guided concrete levelling. This produces an ultra-flat uniform surface, particularly important in warehousing. + +It produces a variety of machines for different use cases. It sells info over 90 countries, but approx 65.5m out of 89.3m in sales was to the USA in 2019. There is plenty of room for expansion overseas. + +The company is unusual in that it acheives excellent returns on capital, excellent profit margins, is growing well, and offers great value. What more could you want!? + +Returns on capital employed has been above 40% since 2015. As high as 52.5%. Not many non-tech companies come close. + +Opperating margin last year was 28% + +Growth has fallen off the last couple of years due to temporary setbacks in the market conditions. Revenue went from 70m in 2015, to 94m in 2018, and has now fallen back to 89m. + +So, that all sounds pretty great to me. What about valuation? It currently trades on a forward p/e of 10.8, and a PEG ratio of 0.4. So it's very cheap as well. It also pays a divi of around 6% and is in a net cash position. + +It's a small company in a relatively cyclical sector, so caries risks. But I can't see anything of this quality and value anywhere else in the world right now + + +TRISTEL (TSTL) + +Another small company (about 250m) + +This company produces medical grade contamination control products. It has a patented chlorine dioxide formula that is used for sanitation. It's used to clean surgical instruments and hospital surfaces. + +It's a growth story, with revenue growing at 15% CAGR since 2015, 21% since the 2005 IPO. It won the aim growth business of the year award this year. + +Margins are good at about 20%, as are ROCE (about 20%) + +The big potential growth here is international. Over 1/3 of sales are still to the UK, with most others coming from Europe, Australia and Hong Kong. + +A distribution agreement was signed this year to start selling into India, and Fed approval for sales into the US (application submitted) could be transformative. Application to sell into Canada has also been placed. + +They have been hit by covid, and the consequential delay of surgeries, but hospital sanitation I consider to be a relatively safe area moving forwards, and their product is far better for the customers and replaces heat sanitation in most cases, which is time consuming and inefficient. Once a hospital makes the move, I expect the product to be very sticky. + +It's not cheap, at a forward p/e of 38, but this could be a multi year growth story as new markets are unlocked in America, Canada and India, and sales start to grow from a very low base in China. + +SYLVANIA PLATINUM (SLP) + +This is a simple value story. I won't go into it as I'm a bit tired of writing on my phone. But they produce platinum, palladium and rhodium very cheaply from tailings supplies in South Africa. Currently making huge margins due to the high palladium and rhodium prices. + +210m market cap (£) +About 55m net cash position ($) +Made a net profit of 21m($) in the first quarter this year. Incredible. If that is replicated across the year, would make 84m dollars a year. +Crazy value +High risk from changes in metals prices and South African locations, plus dependent on host mines providing tailings feed. +So high risk, but high reward. My biggest holding + + + + +Would like to hear others' thoughts on these or other shares in the UK +I really appreciate that my post [Some FTSE companies that I like](https://www.reddit.com/r/UKInvesting/comments/kie0wc/some_ftse_companies_that_i_like/) was so well received. Since some people found it interesting I've deiced to write second part where I highlight few other companies I like from FTSE universe. + +Please be aware that I am not financial professional and that you should not buy any of these equities without doing your own due diligence. Also, I try to give few reasons of why I like certain companies but each company has unique risks and issues that I don't list here for brevity. However, each company below certainly has its own risks that you should evaluate yourself before investing. + +Finally, I manage very diversified portfolio. I hold many equities but they are between 1% to 4% of my portfolio each. My objectives are to not to lose money and to slowly compound my money over long period of time. Please have that in mind when reading my notes below. + +&#x200B; + +# FTSE 250 + +This is UK's midcap index that lists many UKs medium size companies as well as many investment trusts. I hold FTSE 250 ETF (VMID) as well as few individual equities from this index. + +&#x200B; + +**Airtel Africa (AAF):** Normally I don't care about telecom providers and I would not invest in Vodafone or Orange. However, I made an exception for this company. Airtel Africa is an Anglo-Indian provider of telecommunications and mobile money services, with a presence in 14 countries in Africa. Company IPO on LSE in 2019. I think many people skip past this equity as soon as they see the word "Africa" in the name which is really unfair. There are many developing nations in Africa that are not waging constant civil war. However, their infrastructure is underdeveloped and while we are talking about 5G some countries don't even have 3G yet. People in those countries are no different than us and they want fast data connection, cheap calls, etc. Africa has large population, their comms networks are underdeveloped and Airtel provides service that everyone needs. I believe this could result in big growth over the coming years. In 2020 their revenue was up 11%, their user base expanded by 13% and they are also starting mobile payments business too. I expect their growth to continue. Also, Airtel has P/E ratio of 9 and they pay 6% dividend which make this equity really cheaply valued. You can read more [here](https://airtel.africa/assets/pdf/Airtel_Africa_AR2020.pdf). By the way, this is not play on 5G. + +&#x200B; + +**TI Fluid Systems (TIFS):** This is auto parts manufacturer that IPO on LSE in 2017 but company been around for decades before IPO. This is another "picks & shovels" play on EV mania. This is also another company that was very misunderstood although its share price has now gone up based on recent announcements. Let me explain. TI Fluid Systems is a British multinational company which basically manufactures fuel tanks and fluid carrying systems. You would think that its dying company so why did the share price go up. Well it turns out that EVs need more fluid carrying systems than internal combustion (IC) engine vehicles ([page 9](https://investors.tifluidsystems.com/~/media/Files/T/Tiautomotive-IR/result-centre-documents/2019-annual-report.pdf)). This is because EV batteries require a lot of cooling. In fact, they make more money per EV car than IC car which considering that all IC cars will be banned soon is great for business. There are also very few fluid carrying systems manufacturers in the world that are as experienced as TI Fluid Systems. Recently the price has gone up significantly because TI will supply [Hyundai BEV Family of Vehicles With Thermal Coolant Fluid Carrying Systems](https://www.prnewswire.co.uk/news-releases/ti-fluid-systems-to-supply-hyundai-bev-family-of-vehicles-with-thermal-coolant-fluid-carrying-systems-889119972.html), [TI Fluid Systems (TIFS) builds the heat pump module for the ID.3 and ID.4](https://www.electrive.com/2020/11/27/vw-group-components-provides-40-of-id-4-components/), [TI Fluid Systems To Supply Thermal Products On New Ford Mustang Mach-E Full Battery Electric SUV](https://www.prnewswire.co.uk/news-releases/ti-fluid-systems-to-supply-thermal-products-on-new-ford-mustang-mach-e-full-battery-electric-suv-813822528.html) plus many other good news. Having that said the price has gone up nicely and I sold all my shares to lock in some profit. I will be returning when price goes down a bit. + +&#x200B; + +**National Express (NEX):** Have in mind that this is risky speculation so you might want to skip this one. Recently you probably been seeing many people buying beaten down airline stocks like IAG. I understand the reason why people make these bets but I personally don't think risk / reward is worth it. Airlines are very capital intensive, very low margin and very competitive business that I did not like before the virus and I don't like them even at these prices. Having that said I agree that people still need to travel and it is impossible for everyone to work from home so I decided to invest in transportation company National Express. To be honest I liked this company even when it was valued at p470 a share but when it fell to p130 I could not resist. These are the reasons I like them (besides current valuation) its international business that operates in UK, US, Spain, Germany and many other countries. Until COVID crisis they consistently, year in, year out, grew their business and share price reflects that, pays solid dividend, they are essential business that UK gov is [basically bailing out](https://www.gov.uk/government/news/transport-secretary-announcesup-to3-million-forcoach-services-to-meet-christmas-travel-demand), profit margins are much better than that of airlines and people will always need to use public transport. Now as I said this is speculation, and I expect the next year will still be nasty for them (especially if we get another COVID mutation), it might take longer than year to recover to previous share price and I don't expect dividend to be resumed any time soon. However, COVID will end and so far every single time there's good news about COVID situation share price gets boosted so I'm quite optimistic about this company all things considered. Few extra things; Would I buy at current price? Yes, but not as much as I bought when it was p130. What do I think about Go-Ahead Group? I think National Express is better business so I only invested in them. + +&#x200B; + +**Avon Rubber (AVON):** This is business that I like but that was way too expensive for me to invest in. Recently they had very sharp downturn (25%!) so it made me evaluate them again. Perhaps this could be decent entry point? Avon Rubber started its life in 1883 as a tyre maker, but it’s now focused on personal protection gear for military and law enforcement. Essentially they make helmets, gas masks (for military but also for emergency workers and civilians) and stuff like that. They also have continuous revenue stream from selling filters (only they make filters for gas masks that they manufacture) and maintenance services. The business is a leader in niche markets with limited competition. They also supply US, UK military and NATO. These are hard contracts to get but once you get them you are sorted. This is reflected by their insane share price rise even during COVID. There are many other reasons I like this business but even after recent downturn I still think its too expensive. I might buy just a couple of shares to put it on my watch list and see where this goes before buying more + +&#x200B; + +**Biffa (BIFF):** Biffa provides trash collection, landfill, recycling and special waste services to local authorities and industrial and commercial clients in the UK. As of 2017 it is the second-largest UK-based waste-management company. Much of their revenue comes from serving businesses so COVID lock downs hit Biffa hard (locked down business does not produce any trash to collect). However, they still get steady revenue from serving councils. I expect Biffa's price to go up once COVID is over. Now all this is nice but it is not the reason I like Biffa so much. As we get more environmentally conscious recycling is starting to play bigger role. Biffa has very recently opened £27.5m plastic recycling plant in UK and announced a new £7m facility too. I think once all their planned recycling facilities come online Biffa will see big boost in their revenue and share price will quickly catch up. + +&#x200B; + +**Clipper Logistics (CLG):** Ok this is not FTSE 250 company but one listed on FTSE All Share index but I wanted to mention them nonetheless. They are brilliant logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. It has 47 sites across Europe. They differ from other logistics companies in UK because they utilise a lot of automation and try to stay on the cutting edge of logistics (compared to other UK's logistics companies that is). Obviously COVID has caused massive surge in e-commerce and they also been helping UK Gov to distribute PPE so they been doing very well this year. I have not bought their shares as they are very expensive at the moment and I feel like I missed the boat on this one. Perhaps if price gets lover I'll start small position. + +&#x200B; + +OK, so these are companies that I like in FTSE 250. However, FTSE 250 contains many trusts too. Normally I avoid investing in trusts. On the other hand, I care a lot about my portfolio diversification so when a trust gives me access to equities that I otherwise have no access to I might buy. + +&#x200B; + +**HGCapital Trust (HGT):** This is very simple to understand trust that I like a lot. Essentially they invest in unlisted software companies (mostly in Europe). Of course, since they are unlisted companies I normally would not get access to them as retail investor but by buying HGT units I get [access to all these companies](https://www.hgcapitaltrust.com/portfolio/underlying-investments). Historically trust performed very well although trust fee of 1.56% is a bit high. Still I like underlying holdings so I think its worth the price. Currently trust trades at about 1% premium so I would wait for better entry point. + +&#x200B; + +**AVI Global Trust (AGT):** this is very interesting trust that is not must have but its currently trading at 10% discount (even more when I bought it) so I keep topping this up every time I get paid dividend. Essentially this is fund of funds. Roughly this is what they do; say there is a company that is high quality company like Tencent or Microsoft and it just so happens that some fund holds that equity. Sometimes those funds trade at large discount event though they hold high quality equities. AGT buys units in those discounted funds to get access to high quality equities for cheap. Its a simple strategy but so far it has been working well. + +&#x200B; + +**ICG Enterprise Trust (ICGT):** this is private equity fund similar to AVI Global Trust. They invest in unlisted companies that I otherwise have no access to. The difference between them and AVI Global Trust is that they don't limit themselves to software companies only. I like [companies held by this fund](https://www.icg-enterprise.co.uk/our-portfolio/largest-investments/30-largest-underlying-companies/) and they are currently trading at massive 21% discount. I expect them to do something about this gap so I wouldn't be surprised if they bought their own shares to increase share price and narrow this large discount. Ongoing charge is 1.37% which is a bit steep but at 21% discount maybe its not a bad deal. + +&#x200B; + +Ok, the lower we get on this the more obscure it gets. I like funds below but I understand they are not for everyone. + +&#x200B; + +**VinaCapital Vietnam Opportunity Fund (VOF):** Right, I can't image many people think about investing in Vietnam but I don't think it's a bad idea to have some exposure. There are many things I like about Vietnam. They dealt with COVID superbly well and were amongst the first ones to be virtually COVID free. Because of many reasons I wont go into here many companies that used to manufacture products and China are moving their factories to Vietnam and India. Vietnam has very friendly laws for foreign business and well educated, young labout force. Having all this in mind I think Vietnam is poised for growth and indeed this fund did very well this year. By the way Vietnam is frontier market and not emerging market so you wont get access to Vietnam equities by holding Emerging Markets ETF. + +&#x200B; + +**Pacific Assets Trust (PAC):** this is not FTSE 250 but FTSE All Share equity. Still I wanted to mention them. I have small position in this trust to get exposure to Indian equities for similar reasons like the ones mentioned above. Also, I really like fund managers and equities they pick. + +&#x200B; + +&#x200B; + +Alright, once again this post has run for too long so if mods don't mind and if there's interest I might write separate post about AIM index. + +Please remember to do your own due diligence before buying any equities. Also, my goals and investment framework might be different than yours so maybe this list won't make any sense to you. +Netflix reported 208 million global subscribers as of the end of the first quarter, missing its own prediction for 210 million. + + +The streaming giant did beat financial targets, though with earnings per share of $3.75 coming in well ahead of Wall Street analysts’ expectations. Revenue of $7.16 billion also topped the Street. + + +The subscriber shortfall, which caused the stock to drop more than 10% in after-hours trading, was blamed on issues related to the coronavirus. Simply put, the pandemic gaveth, but also taketh away. “We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” the company said in its quarterly letter to shareholders. “We continue to anticipate a strong second half with the return of new seasons of some of our biggest hits and an exciting film lineup.” + + +Net cash from operations surged to $777 million in the quarter from $260 million and free cash flow of $692 million was up from $162 million. Netflix confirmed a key metric — that it’s on track to free cash flow break even this year and doesn’t need outside financing anymore to fund day-to-day business. That was a milestone affirmed in the company’s January report, and only reaffirmed the bull thesis as the entire entertainment business continues its shift to streaming. + +&nbsp; + +Continues here - https://deadline.com/2021/04/netflix-misses-q1-subscriber-targets-first-quarter-2021-covid-19-streaming-1234739802/ +The housing crisis is garbage. There is an influx of people moving south while “working” remotely for companies in their home states where cost of living is ridiculous so salaries are higher. These assholes are bringing their NY paychecks to fill Florida rentals and now costs are outrageous. I work for a great company that cannot pay me a livable salary because we’re local. + +At least it used to be great. Gave me a 25% boost in pay to come onboard 4 years ago, raises have been consistently at 2% annually since. Inflation has caught up and surpassed my salary. With my base I cannot afford more than $1100 a month but there is nothing available in the Tampa Bay region for that. Not unless I want to share a bedroom with both my kids. + +My lease is up at the end of the year, my complex is raising my rent from $1200 to $1500. I cannot pay that, they don’t care. I’ve been paying $1200 on time for two years but no place will approve me for $1200 because my base is too low, regardless of the 10 hours of OT I work a week. Not that it matters, any multi-bedroom home that’s under $1500 doesn’t last a day online. Every one shows PENDING after 12 hours. + +I’m over this race. + +EDIT: I’m reporting all you twats that can’t read the rules of the rant. +Hi, + +Does this course is good to start adventure with Quantitative Finance? + +[https://www.edx.org/course/mathematical-methods-for-quantitative-finance?utm\_medium=affiliate\_partner&utm\_source=mitopenlearning-mit-open-learning](https://www.edx.org/course/mathematical-methods-for-quantitative-finance?utm_medium=affiliate_partner&utm_source=mitopenlearning-mit-open-learning) + +Thanks in advance. +This will be the first time ever we experience what happens when all stock in a company is fully bought up, and no longer available for sale, literally making supply going to zero. + +And it just so happens to be the most shorted stock ever, with an potential for "infinite demand" (shorts legally needing to close). + +Want BRK.A now? Sure. Thatll be 400k + +Want GME once the float is locked up? Well, you gotta find someone who's going to even sell it first, and boy wait till you hear how much they will want! + +Let that all sink in. + +Power was always with the players, we just literally had to take it back and put it in our name. +Is any of this money mine? If I wanted to take some out is that possible? Is so, how much? + +I don't know anything about stocks. + + + +Thanks. + + +Edit: wow this got way more replies than I was expecting. Thanks everyone for taking the time to explain this to me. I got a lot of really great answers. +Reading this sub can be a bit scary, especially if you’re 22 and have not been offered £50k as a starting salary on a graduate scheme. + +(Funny thing is one of my friends did start a graduate scheme on £38k but left after 6 months, described the job as grueling with no work life balance. Nothing is free) + +I would like to write this post to remind us that for the majority (95%+), reality is very different. And for those higher earners, it usually comes at a price and may even mean you are worse off. + +I want to tell you about a personal experience of mine comparing two jobs I have had, one on a very high salary and the other on a good salary to show that pay is not the end all and be all of your job. + +While working these two jobs all my other expenses stayed the same so they have been ignored to focus on the key differences. + +Working in Nottingham as a design engineer, pay £45,000 pa. Net after tax, student loan, NI and pension £30,000 pa. Rent £500 pm including utilities and would walk to work. Disposable income £24,000. Number of hours worked per week 40 to 45. 2000 working hour’s pa. Pay per hour £12.00 (disposable income). + +Working in London as a design engineer, pay £76,000. Net after tax, student loan, NI and pension £45,000. Rent £1100 pm including utilities and zone 1 to 4 travel card, £200 pm. Disposable income £29,800. Number of hours worked per week 50 to 60. 2585 working hours pa. Pay per hour £11.50 (disposable income). + +My pay had increase by 46% but at the end of the day I was actually poorer and had less free time when I took into account working hours. Also I could not even afford to buy a house where I was renting, I found that so funny, I was a top 5% earner but could not afford a home. + +I’m very lucky, but don’t forget even as a high earner my life was not any better, I also had more problems. + +The average starting salary for a graduate is £19,900 (DOE Graduate outcomes (LEO) 2016/2017). After 5 years of graduating if you are making more than 45k you are in the top 5% of graduate earners. + +In some companies to make £80k + you will need to be at director level, so aged 50 and fat. In London for most people if they had to re-buy their property at today’s market price they could not afford it. + +Please, this sub represents a very small proportion of the UK population. Not many people after 5 years of working or even 10 years achieve £50k a year in a professional role. These higher salaries also come with sacrifices and for some could make you worse off. + +So be happy with your £38k salary in Leeds, at lease you can afford a house. +What is some advice you would like to give your past self on your journey to fatFIRE? + +I am in my early 30s, on my way to fatFIRE. The older I grow and the more I mature as a father and a professional. I realize the things which I have learned the hard way could have been implemented in my life earlier. + +e.g. I wish I had not wasted a lot of time and effort trying to find the best solution for problems in general, especially when the cost of getting it wrong is so low. As a tangible example, I spend days researching the best coffee grinder before ordering it. I could have just gone with the amazon bestseller and even if it was a bad choice I would be out $50.00. I would have rather spent that week reading a good book or done something more productive. + +This is not a one-off example, this has been a pattern with my behavior which I could have changed years ago, but I am just recognizing it now. + +It would be great if you guys can share your learnings, so the community can adopt it and better themselves. + +Edit: Thanks for sharing your wisdom, everyone. My goal is to leverage you guys. [https://en.wikipedia.org/wiki/Standing\_on\_the\_shoulders\_of\_giants](https://en.wikipedia.org/wiki/Standing_on_the_shoulders_of_giants) +About a month ago I made the decision to stop pair jumping and narrowed my focus on 3 pairs - AJ, CJ, & NU. Suffice to say for the the first time since I started learning to trade 6 months ago I had my first consistently profitable trading month and even passed the FTMO demo trial 2 times in a row. This may not sound like a big deal to all of the millionaire Reddit traders out there but this is major for me. + +When I first decided to narrow my focus I wanted to watch all 3 pairs but eventually I only focused on 2 pairs, NU & AJ. Granted these pairs have been trending pretty +well lately the main take away for me was focusing on a smaller number of pairs forced me to be patient and wait for my optimal set up. Not only did I become more patient I got to know the pairs very well and discovered their nuances and even incorporated those details into my trading plan. + +A month of trading is in no way a large enough sample size to say my trading plan works or not but my trading psychology greatly improved because of this. I realized that by clicking through 8 - 10 pairs at a time I was literally just gambling and chasing trades instead of letting them come to me. Trading forex really does reveal your mental inadequacies, I was impulsive and honestly started to develop somewhat of an addiction. + +All of this to say, it’s important to find what works for your personality. There’s no guru or course out there that’s going to give you your edge, forex is a beautiful sport if you’re motivated willing to put in the effort and develop yourself. +I loathe markets which lack pricing transparency. Talking here one-off charters (could be shared) NetJets, that sort of thing. Seems like no matter where I check, you always have to fill in specific itineraries or call for quotes, etc. + +Would love to hear from any folks who have actually used private travel in the US, say NY to Denver or SLC, NY to LA, that kind of thing. Ideally family of 4 + stuff. Could be a shared flight on a somewhat larger plane. + +Also interested in NY to Europe pricing, though I gather that's a whole other ballgame price wise + +TIA. + +EDIT: just to say THANK YOU to everyone who responded. I appreciate it and will try to get to all the comments. +Hi all + +I'm just wondering if anyone can enlighten me as to why reaching $100k in your super seems to be a big milestone for some on here? + +I remember reading a comment before where someone basically made the point that once you reach that benchmark, you're kind of sorted. Can anyone explain this theory to my little brain? +I’m currently in the learning stage of RE investing. Hoping to purchase a multi family home next year with a FHA loan. So much info out there on the internet. What should I absolutely know to make the best decisions when buying my first property. +Throwaway account due to the sensitive nature of this post. + +Ok will try and get this out there as concise as possible, but please bear with me as it's difficult to articulate. For context - age 35, 3.5million NW, FF goal around 7. No dependents. + +About a year ago I burned out hard as a tech exec and decided to take a breather from work. My plan was to just live low for 1-2 years, enjoy a "mini retirement", and reground myself on what's important to me and what kind of professional adventures I'd like to jump into next. Great idea, right?? Little did I know, literally since the day I quit, I've been completely obsessed with trying to earn more money to the point where I haven't been able to enjoy ANY of this time away. Sports, time with friends, reading, playing music, time with my lady friend, starting a family; all of it feels empty and a waste of time unless I'm trying to earn more money. Every second I'm not spending mental energy on figuring out how to hit my NW goal I feel is a complete and utter waste of time and I feel extremely guilty for not "working". Funny though because the harder I "work and think" about what my next professional adventure/NW growing activity is going to be, the further I think I get from figuring it out, and then the cycle just repeats, and I don't actually get to enjoy any time "off" work. + +/rant + +Has anyone ever experienced anything like this? Any suggestions? I really don't want to feel this way anymore. I realize I can be asking a therapist this, but I don't know if they can really relate so am appealing to the random strangers on this sub instead as you've been quite helpful in the past. +I did it today. On my 47th birthday, I reached $3 million in cash & investments, a paid off house & 2 cars. I have reached my FI target of $100k @ 3.3% SWR. I knew it was going to be close with the markets, payday, and my company's equity coming in today. + +Plan is to FIRE in 3 months. $3 million was a symbolic number, I could have FIREd 2 months ago at $2.95 million and lived pretty much the same life. However, I am getting another \~$70k in equity in 3 months and would like a bit of a buffer especially with the volatile markets. Also, the plan was to take a nice trip to Europe in August - I don't see that happening. + +It is crazy, I know of many people who are laid off, working reduced hours, worried about their job or tapping into debt. And I am making plans to quit working. + +&#x200B; + +Mega edit: + +**Asset allocation** + +Cash & short term investments: 25% (increased 10% from equities due to C19) + +Employer's Equity: 10% + +Equity ETFs: 45% (down 10% - sold in early march, will buy back in later) + +Bond ETFs: 10% + +Crypto: 10% + +Please bring on the flames for timing the market, but I sold early-ish, it helps me sleep at night, and right now I am trying to be more conservative vs. aggressive. + +The crypto is a flyer. I bought casino level bitcoin in 2012 at $18, then sold a bunch when it went up to $150. Then bought a bunch more at $1000, and have been selling little bits for a few years. Total investment: $45k, total value sold and still held: $500k. I would like to sell more, but it has a capital gains tax liability, so FIRE with no income next year would help reduce taxes. + +&#x200B; + +**About my journey** + +Grew up middle class. Money was tight from time to time, but I never really saw that. + +Part time job when I was 16 for spending cash. Never went into debt. Saved a little. + +Went into a good college for STEM, received $8000 total for tuition from family and received a student loan for $1000. Did a few paid internships while in college. Paid off the loan with my first post-school paycheck. + +Graduated in the tech industry in 97. Started full time at the last internship. +$40k base. +Stayed there for 2 more years, increased base by 20%. +$48k base. +Left (co-worker left and pulled me), for a \~100% increase. +$90k base. +Stayed there 6 months (dying ship), left for \~10% increase. +$100k base. +Stayed there for 2 years (all of my managers up to CEO left in 2 weeks), left for a 0% change. +$100k base. +Stayed there for 1.5 years, was let go, started consulting at +50% (but no benefits). +$150k consulting. +Consulted for 8 months, left when project was wrapping up for -40% (+10% from previous full time) +$110k base. +Stayed there for 11 years (company was acquired 3 after years), increased pay by \~20% in 11 years. +$133k base. +Left for 5% increase. +$141k base. +Worked there for 6 months (bad fit), left for 5% increase. +$150k base. +Here now. +Making about 4x after 20 years. Did not include any bonus (or not), benefits (health/retirement/etc...) stock options, quality of life, etc.. + +&#x200B; + +**Current investments** + +Canadian ETF / funds I invest in in decreasing amounts. + +XGRO +VCN +VXC +VAB +VT +TDB900 +TDB902 +TDB909 +TDB911 +Tangerine Balanced (part of emergency fund) +TDB661 +CDZ + +&#x200B; +So I am in my early twenties and in my senior year of college. I am planning on returning to complete my masters degree in criminology and I have always had a goal to fly. My career plans entering school were to go into federal law enforcement and those plans have largely remained the same. I don’t have any student loan debt and I’m currently working for $15 an hour as an EMT at my school. + +I started to look into what it would take to fly an air ambulance or be a part of a company such as LifeFlight as a pilot of a fixed wing aircraft. I became aware that all the positions require an ATP among other qualifications. I have always wanted to fly but was turned away a from my dreams of flying for a more stable career in law enforcement. Now, I am beginning to explore other options. + +The program I’ve been looking at is through American Airlines where I would take out a loan for $100k (roughly) and be guaranteed an interview at a regional airline upon graduation. Is it worth taking out this loan to purse this career? +I might be a few years off, MSFT IPO'd 1986. + +But people need to let the GRAVITY of that sink in a minute. + +All the FAANGs and MSFT have never existed in an inflationary ecosystem like this. I think a lot of peope are about to be in for a very real rude awakening. + +But contrary maybe this is a test that will be passed. + +Maybe these tech titans will earn enough money up front to weather the storm. + +But with dismal book values (versus their own historical) and huge PEs....I doubt it. +I personally feel like there are many great companies such as Microsoft, Apple, Google, Amazon. But those companies have very high price points. + +I'm waiting for them to drop significantly before I pick them up. + +In the mean time is there any companies that are with looking at? +VIC needs you to submit a write-up to get accepted into their club, otherwise you can only see posts 45 days old. If you've been accepted to VIC, could you comment on how top-notch a write-up has to be to get accepted to the club. Thanks. +Using an alt here from my regular account. + +One of the things allowing me to be on track to FATFire as a W2 employee is a high position at a somewhat demanding corporate job in a still growing company. + +My kids are at the age now (preteen-tween range) where they notice dad puts in more than a standard amount of hours. I'm not talking a huge amount of late hours (50 hrs/week usually), but the kids know a normal job is 9-5, whereas dad works till 7 most nights. Pay the cost to be the boss. The nature of the work is such that those hours are while other people are also working; in other words, I can't just log off at 5pm then go back to work after bedtime. + +To drive home the fact that this isn't all for nothing, I communicate to the kids when a certain lifestyle element they enjoy is made possible by dad's extra work. For instance, when we check into the suite/villa on a vacation and the kids are running around it going "wow!", I point out the reason we're staying here instead of a normal hotel room is those extra hours dad puts in. Same when we went to Disney and did the all day VIP skip-the-lines package, that they all have new iPads and computers, and so on. Note this is always done in a matter-of-fact way, not a braggy way... I'm trying to instill in them that rewards come from hard work, and that those hours I put in benefit them as well. + +My wife has started to take offense to this. Her take is that I'm putting too much focus on money for them at a young age, and that there's no need for me to be imposing anytihng about my career into their still young lives. + +Curious as to how you all handle this. Thanks. + +**Edit:** Wow. The amount of people making horrible assumptions here is astounding. It seems a lot of you think working 50 hour weeks equates to being an absentee father who doesn't care about this kids? That 50 hour weeks means you don't have full sit-down dinners with quality converstaion every night (we do), game/hangout time every evening (we do), to be coach of their sports teams year-round (I am), and to be highly involved in their education. + +A lot of you also misread that my wife is begging me to work less. She's not; with both of us coming from modest means, she is thrilled that this job is going to gaurantee us financial security for the rest of our lives, and on top of that she is highly content with our tight family life and relationships with our children. She's merely saying don't try to create an equivilance between my career success and material benefits to the kids. + +To those who gave thoughtful advice, much thanks. To those who responded "lol enjoy your kids growing up to hate you", thank you for proving money can't buy class. +Acronis International GmbH + +AlphaWallet (STORMBIRD PTE. LTD.) + +Apposite Technologies + +Aptoide + +Arctic Star Exploration Corp. + +Auctus + +Authenticiti Inc + +aXpire +BaapPay Inc +Block Array LLC +BlockBank Co., Ltd. +Blockbid Pty Ltd +Blockchain Farm +Blockchain Technology Consulting K.K +Blockobi +BlockSeed Investments +Boon Tech +British Blockchain Association +Bryce Distillery, LLC +ByteCode Team +Celsius Network +Cognizant Technology Solutions +Coincademy +Commerzbank AG +DENT Wireless Limited +Devery International +Digital Align Inc. + +Digital Capital management +Dominode +EH Global Capital Limited +Engine Security +ETHLend +Farmatrust +FOAM +Friend Software Corp +Henkel AG & Co. KGaA +Holmes Business Law PC +Hurify Inc +Iagon AS +IDHub +INS Ecosystem +Intercontinental Exchange, Inc. +Kimlic +KR8OS +Kural Tech LLC +Lamden +Ledger Leopard BV +Marsh +Mediarex Enterprises Ltd (Malta) +Mooti +MulTra GmbH +N4psBusiness +Net Element, Inc. +Nodex Capital +Nsisto +O3 Technology Solutions + +Ockam Inc. +Onther +Paradyme Management +PayPie Blockchain Inc. +Pioneer Natural Resource +Realisto +Revolve Law Group +Rigo Investment Sagl +Sagewise +Searchfuse Marketing Management +SGIT +Shanghai Mai Wai Di Network Technology +Shell Global Solutions International B.V. +ShipChain +SpaceChain Foundation +starkindustries +SwissBorg +The Seam LLC +Thinkecture AG +T-Mobile USA Inc. +Trusted Key +WABI PROJECT +Webhits OOD +Webstarts +Westpoint Recruitment +Xtekk Exponential Technology Consortium +Zero Knowledge Labs Limited +Disappointed that we didn't moon the day after splividend? Don't be. Splividend is a catalyst that gets the ball rolling. It is not the finale. + +Look at Tesla's split in 2020 \[[SuperStonk](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/)\] + +https://preview.redd.it/4kckk8e25td91.png?width=3166&format=png&auto=webp&s=59f932fbfec542e1a6b98d87ac66976ba5c4adf4 + +See that purple circle with 5:1 at the bottom left? That's their split on Aug 31 with the stock at about $500. For a week after, Tesla dropped to as low as $330 as shorts were probably trying to scare people out. After that, the stock crept up to a peak of nearly $900 in Jan 2020. + +Just wait. Patience is a virtue. And, it costs nothing to hodl. +Good morning Apes.... This is not financial advise - + +I am convinced that GME is going to blow in the next 70 days... If I'm wrong... I will leave superstonk and you guys can ban me.... I will be exiled in to the world and looking for a new group if we dont blow in the next 70 days... + +**I will show you... what the hedgies have been doing... and why they are almost out of ammo...** + +[Shills reading this right now...](https://preview.redd.it/iiraoy9evhr81.png?width=500&format=png&auto=webp&s=1d3de851d864f6a476edbf4a6835b8ec9477d03e) + +**I have the proof...** + +Last week the algo should have broken twice. + +They shut it down Tuesday to stop the Algo exploding... + +On Friday the options were doing weird but the stonk didn't do too much... GME is still under massive pressure and the worst ive ever seen it... (for hedgie fuks) + +If you look at the current cycle... its different to the last three and for that reason we are still very much in it. The cycle is "convoluted"... + +[The cycle is trippin.....](https://preview.redd.it/pchs23uushr81.png?width=714&format=png&auto=webp&s=59ea0af5e8ce4980fe701a96806bf985f91bbbf2) + +The 180 day chart is interesting and needs another look.... + +The start of 2022 was freaking rough for GME longs.... GME traded from 2021 highs of $250 down to around $75 March 2022 lows. + +[We traded from a peak of $250 for a draw down of more than 72&#37; in last cycle from highs to lows \(edit\) ](https://preview.redd.it/xxlphqo4uhr81.png?width=1320&format=png&auto=webp&s=549536af606120c126b63b583581f2cad21dedc4) + +**This was their last attempt to demoralized you... They came out of the gate with everything they had, this was a full on industry blitz coming from everywhere... it was their last power move to shake APES off...** + +**This was one of the biggest, longest, slowest drops we ever had.** Fortunate for Apes, they continued to buy the dip and essentially accumulate many of these shorts. + +Some key things... GME had 2 DRS announcements... Remember on the last two earnings calls... 5 and then around 9 Million shares DRS... + +[December 7th and March 22nd.. ](https://preview.redd.it/yb5znm931ir81.png?width=671&format=png&auto=webp&s=d74df7e0a2b0852c2b327f352db65470f004c72a) + +[As the DRS accelerated so did the shorting... ](https://preview.redd.it/iktgmde81ir81.png?width=1320&format=png&auto=webp&s=86abac58addeb221e96d3109c5e5c9c890c90ba3) + +The Algo drove GME down for a full quarter and when it did finally relieve pressure it was one of our biggest runs yet. + +[GME traded from 75 to almost $200... a 160&#37; gain from the lows... ](https://preview.redd.it/32rb1trl1ir81.png?width=1333&format=png&auto=webp&s=1670f888bd5f93c12f3340c01ff49893af1503e2) + +The difference this time is **DRS.** And it's why im so sure this time is different... even the recent run up is wildly different to the last couple. + +[The circle is the Algo trading after the run-up](https://preview.redd.it/z7pz5wrs2ir81.png?width=650&format=png&auto=webp&s=4d655dddd6e1e61693d22c398c8f03084c1f77f0) + +The last cycle was very different... the circle is much wider and the initial run-up is also much wider than the previous 3. DRS changed the Algo math. + +[Volume has started to increase...](https://preview.redd.it/bsaomrds3ir81.png?width=1320&format=png&auto=webp&s=be4b0e77812e750dd446321745f7a2aedd3d4768) + +Because APES continue to DRS.. Shorts need to wash/trade the shares more for a similar effect. + +**At any day GME could announce a bomb in regards to the NFT exchange, IMX or LRC... Thats just one thing we could speak about.** + +**Game Stop Owes US an Annual Report and its going to show a lot of their plans... I would think? So that is Apeish...** + +https://preview.redd.it/905ydmwr0ir81.png?width=577&format=png&auto=webp&s=d1c7cb9a967083af6f7e9e07a810a23083316c3e + +**TL:DR: Its been a wild Ride and probably the harderst stock to ever call. is seems like thousands have come before me and tried to call the moon... even I have called the moon multiple times and failed...** + +**This time tho, is different. The DRS effect is a real thing. I do believe that hedgies gave it their all and they will not sustain the next run up which is DUE around 05/22/2022. Keep in mind this stonk can blow at any time, it blew Tuesday and was supposed to blow Friday.** + +**DRS while you can... one of these days there might not be any shares left over. Thank you for all the work apes.** + +[https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport\_gme\_deep\_dive\_ii\_the\_web\_so\_much/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport_gme_deep_dive_ii_the_web_so_much/?utm_medium=android_app&utm_source=share) + +u/freadom6 put together a sheet not getting enough looks... most of these shares are lent from their own clients funds - apes bought those shares - and now those firms have to deliver - wait until these firms all start accumulating gme - buckle up + +**P.S. Im not selling ever!!!! I just wont post here if wrong -** + +**Thanks for the Love** +German ape with smooth brain here. + +The German Broker "Sparkasse" has updated the number of outstanding shares. + +&#x200B; + +[Outstanding shares see circle and exclamation mark](https://preview.redd.it/rwgyip45gt571.jpg?width=975&format=pjpg&auto=webp&s=9e642d6680dfbe458b0829fbe148529171cc5bea) + +&#x200B; + +This is the first time I've seen such a high number of shares outstanding 😮 + +After all, the latest "official" status from the official filing is as follows: + +As of June 1st 2021 Outstanding Shares numbered 71,815,131 shares. That number includes 2,435,881 restricted shares. + +&#x200B; + +https://preview.redd.it/w7yo3axxws571.jpg?width=1030&format=pjpg&auto=webp&s=ef56f5c7e661812d7dfefaf4365046add40a9eee + +If GameStop sells all 5 million shares then the new outstanding Shares will be 76,815,131. + +&#x200B; + +https://preview.redd.it/php561z0xs571.jpg?width=521&format=pjpg&auto=webp&s=91cb5c6f347a337d43223f36da47cc1c9df049a7 + +The „Sparkasse“ is damn close 😬 so close that the difference is EXACTLY 300,000 shares. Exactly to the share. That can't be a coincidence ! + +Be nice to each other. Apes together strong. + +&#x200B; + +EDIT: + +Note from u/vuljanov: " Just for clarification: Sparkasse ist one of the biggest German Banks and owned by the german districts. They have over 200.000 employees. They have a reputation to be serious. So this is not a small shitty neobroker. But for sure, this doesn't necessary means the figure is correct. But I consider it: BULLISH! " + +&#x200B; + +EDIT 2: + +The pronunciation of Sparkasse is "Spar - Kasse", which means "savings bank", "savings cashbox" or "savings cashier" 😅 +Every day we see posts from people who are aggressively saving to retire ASAP. I understand the mindset, since I was like that in my 20s, although there was no FIRE community back then. I just disliked work and wanted to stop doing it. + +I successfully REed at age 44, but that is still over 20 years of working. After my first 4-5 years of working I realized counting the days/months/years was too depressing. I settled in for the long haul and worked to make it as enjoyable as possible ignoring my goal, but still living below my means. + +I tried to find companies that were good to work for and divisions with good bosses. If I got a bad boss, I transferred or quit. Suffering every day to grind out your FI goal is something you will regret. If you are smart and capable, which is almost a requirement to be interested in this sub, then you can find a better job than the one you hate. + +These days we get on this sub and read about people succeeding and ahead of us. It makes us upset and even more determined and makes daily net worth checks and ever more spending cuts, which can suck the joy out of living. + +Outside of a very lucky few, most of us will still have to work 20-25 years (instead of 40-50). Being miserable for that much of your life is not good. Try to find a way to enjoy it. + +TLDR: plan for FIRE in the background, but focus on making your career as enjoyable as possible. +Yes, that's quite the title, I know. But after seeing the hundredth post on the frontpage talking about altcoins that have real use cases, I can't stop thinking about this one. + +You all know Venezuela, right? The country with space-high inflation rates, the one that /r/cryptocurrency says crypto adoption is feasible. + +Well, it's finally really happening. + +I'm Venezuelan, so let me explain some weird things about our economy. First, prices double every 3 months. Second, we don't have access to USD bank accounts in the country. And third, physical cash is scarce: Bolivares because you need a lot of them to pay for little, and USD because the "dollarization" isn't official, small change simply doesn't exist (coins, for example). This creates the perfect variables for digital, exact payment. This is where the Reserve Protocol comes in. + +We have been using some digital payments app since a while ago, apps like Zelle, PayPal or Transferwise. The problem with those apps is that they often close accounts in Venezuela to avoid problems with the US government. Simply put, those companies just didn't want to deal with the problem that is Venezuela related legislation. + +Enter [Reserve.](https://reserve.org/) The team at Reserve created a stablecoin alongside an easy to use app for mainstream use. The app allows people to deposit Bolivares (the local currency) from their bank account and instantly exchange them for dollars (RSV stablecoins!). You might be thinking, well, that isn't that big of a deal, is it? Thing is, it is. Venezuelans can't just exchange Bolívares to USD legally because there aren't any bank accounts in USD inside Venezuela. The only way to save in USD would be to open an account in Panamá or risk your money getting lost in Zelle or PayPal. The app allows people to send RSV, pay with RSV, receive any crypto and convert it to RSV or Bolivares and so on. Reserve is literally saving people from hyperinflation. + +Well, why do I say mainstream crypto adoption is happening? Because people aren't paying in bolivares anymore. It is estimated that in 2020, 55% of transactions were made in foreign currency, and that number just keeps growing everyday. Now, the great part. + +**The Reserve app has more than 100k downloads.** **People are using** **crypto, not as a way to invest, not as a store of value, but as it was intended: a currency.** And it's happening right in front of us, but we're too worried about the price going up or down so much that we missed the real reason crypto is here: to serve as a currency when fiat fails us. In my case, fiat failed me. And crypto, for me and many more, is the way. +Remember that the entire stock market is owned and operated by private businesses. The NYSE, NASDAQ, DTC, Cede Co, IEX...all private (non-government) companies. Hell, even the Federal Reserve has just about as much to do with the Federal Government as Fed(eral) Express. The only relationship between the stock market and the government is the SEC, which is doing a terrible job simply because they don't understand the stock market as well as the owner/operators do. + +Netflix didn't have to ask for Blockbuster's permission to start its movie rental company. + +Tesla didn't have to ask Ford, GM, Honda, Toyota for permission to build and sell cars. + +Google didn't have to ask Yahoo!'s permission to create a search engine. + +Youtube didn't have to ask RealPlayer or Quicktime if they could make a video streaming service. + +Likewise, GameStop, Loopring, RC, whoever, doesn't have to ask the NYSE, DTC, or Citadel for permission to create a decentralized exchange build on the blockchain. They can just do it, and, if their offering better meets the needs/wants of their target market, clients will move over to the new system. + +Upsetting entire industries happens on a pretty regular basis, and it doesn't even have to be based on revolutionary new technology. Netflix used one of the oldest institutions in America to kick off its business: the post office. Yes, quite literally, Netflix started from some dude in his garage, sending DVDs through the mail. But when a revolutionary technology is used, the impact is heavy and far reaching (think Tesla). Electric cars will own the vast majority of future marketshare for a number of different reasons (cleaner, cheaper to maintain, easier to manufacture, etc), but most prominently (IMO) because it just makes sense to stop burning fossil fuels as a personal energy source (ICE engines are dirty, expensive, and incredibly inefficient; something like 90% of the energy is lost as heat). + +We have reached this point in history where it just makes sense to move to a new model for the exchange. While DEX and CEX will run in tandem for a while (just like electric and gasoline vehicles are running in tandem), DEX is clearly the future because of the inherent weaknesses of a CEX. GameStop is just the company that saw the opportunity and grabbed it by the throat. ANY company could have done this. Facebook could have done it, Amazon could have done it, RadioShack could have done it. But Zuck and Bozos were too busy being scumbags to think 45 seconds into the future. It would have made tons of sense for the DTC to pull its head out of its ass and build a DEX 5-10 years ago (or at least include, I dunno, serial tags on all digital certificates), but they were too busy giving handjobs to congress, thinking the gravy train will never run out of fuel. + +ANY company could have done this. But GameStop and RC (and several key partners) was the one to do it, simple as that. The juggernauts who have been running this ponzi scheme for well over 200 years know this will be their demise and now they're scared. We have them by the balls. We are making history. + +It will be amazing to tell your grandkids that you helped create the platform to buy and sell stocks (and movies, and music, and games, and pretty much everything else digital). + +Edit: this is getting some traction, let me address one other point real quick. I've heard people say that we are getting our hopes up with the expectation of a stock market replacement platform, that the supposed "NFT Marketplace" isn't going to replace the stock market. Here is an example of tech crossing into new frontiers: [https://www.ces.tech/Articles/2021/May/The-AI-Pastry-Scanner-That-Is-Now-Fighting-Cancer.aspx](https://www.ces.tech/Articles/2021/May/The-AI-Pastry-Scanner-That-Is-Now-Fighting-Cancer.aspx) + +"*An artificial intelligence scanner system made to differentiate more than 50 types of pastries and bread is now being utilized in the health care field to detect cancerous cells.*" +The quality of DD lately has become horrendous. I wouldn't be surprised if most of it came from hedge funds, trying to get people to buy in so they can drop the bag somewhere along the way. I have a theory, that banning the word "Squeeze" would remove the shit quality DD, in hopes of seeing some good, retarded plays, based on shit that may, or may not happen in the future. + +Like for example, SPCE is a retarded YOLO play, but there's an idea about its future. Gun stocks would be another retarded play if you were betting that CPI numbers will lead to raiding of stores, as people become desperate for supplies. However, most of the shit on it is "bUY sHorT SqUeezE IncOmINg!!1!" when the reality is that they want the price pumped up because now they have their position opened so they can make a quick buck. The amount of scrapers running over this reddit is so crazy that I could probably say "Buy PLTR shares, short squeeze incoming", and scrapers would be bought in within seconds, even if PLTR had 0% short interest. + +Thus, I petition a temp ban of the word "Squeeze" in discussion, except for exceptional cases, where short interest is at 80%+ (This number can be negotiated). My bet is that DD quality will skyrocket, and if I could buy calls on it, I would be YOLOing on OTM ones, as far out as they go, because right now, DD is at an all-time low, so much so that I just skip the post. +I recently joined a boat club and have gotten a lot of use from it. Wish I did it years ago. It so much easier than buying a boat. It got me thinking of what other hidden gem memberships are out there. What memberships are you glad you joined? +Edit: Guys, this is about to pump and dump, HARD. You are all the perfect targets too. All apes know is buy and hold? Guess who's going to be left holding the bag? idk how else to say it- I'm trying to warn you all- + + YOUR 💎👐 MAKE YOU THE PERFECT TARGET FOR A PUMP AND DUMP + +I also want to make it clear that even if someone is trying to P&D this on apes, that does not mean SLGG is doing that. All of the merger/acquisition rumors could be true, and there could still be a third party that already has a long position influencing the stock price + +Original Post: + +Take all of the arguments for not allowing movie theater stocks here, and think about what your doing. + +Is it fine to throw some change at SLGG? + +Sure, I did it myself with a couple calls weeks ago. + +But the amount this price is moving is concerning. + +DO NOT GET DISTRACTED FROM THE ONE AND ONLY + +BUY GME. HOLD GME. VOTE GME. + +🚀🚀🚀🌕🌕🌕🌕🚀🚀🚀🌕🌕🌕 +So many people here are wanting to walk away form a trade they have just made because they're down 20% etc. You've only just traded, it could take years for this company to take flight. Give it time fellas, will not happen over night. + +Only lose when you sell. + +Only know you've been high when you're feeling low + +Only hate the road when you're missing home + +Only know you love her when you let her go + +And you let her go +I am looking for purchasing my first home, a duplex for house hacking. I have only heard success stories in this sub and podcasts I listen to. I would like to hear contrary experiences people have had. My dad keeps reminding me that this is a high risk business and a single issue (roof, AC, driveway) could unexpectedly cost me $10k, vacancies, tenant damages. He owns 6 rentals himself. He has personal friends that were forced for foreclose on many rental properties due to similar issues, especially the ones that leveraged debt across many properties. +I'm thinking about selling my house and using the profit ($60,000ish) to buy 2 houses so I can move into one and rent out the other one. + +My coworker said "so you're just going to put yourself in more debt and not be able to pay either off?" + +Wouldn't this be considered "good debt"? +There's been a lot of hate on memes lately, maybe it's because the price has dropped and people are looking for something to vent at. I've personally really enjoyed the aspect of random memes thrown in with serious discussion. + +This is reddit, not the business section of your favourite broadsheet newspaper. That's not to say there shouldn't be serious talk about ETH, but at the same time let people post memes and lighten the mood in this place. + +On top of this, we have a fuck ton of Robinhood and payment for order flow screenshots flooding the sub?? Baffled by that shit, those fuckers ROBBED us and continue to rob us and we STILL continue to use them?? WTF is good?????? + + +Buy, DRS, and hold your fucking shares. I am in way too fucking deep to sell and I will hold for the rest of my life. If you have shares on other brokerages send that shit to ComputerShare. And if you are using Robinhood, HONESTLY go fuck yourself. They will never stop fucking over the normal person. They want us to just work our jobs, pay taxes, while they move money around and get richer and richer, crash the economy and do it all over again all on your fucking dime. + + +If you are personally upset at this shit, honestly good you should be! But fucking do something about it. DRS your shares and educate the masses on the benefits. No disruption ever happens in a straight line. +Note: I do not have cancer or anything debilitating(that I know of at least lol), but I think we all know just how much of a hit a person can take financially when a diagnosis does come. I have good health insurance through my employer, but obviously that isn’t dependable if I am so sick I cannot work. How does one make a game plan for this possibility? I know it seems a little paranoia but the healthcare system in the states is a joke so I’d rather figure this out now vs when I’d need to focus on my actual health. +I have a PPO plan. I have a $50 deductible and owe 10% co-insurance when I see in-network providers. It's a student health insurance plan. + +However, despite this contract, nearly every provider I go to bills me more than what my insurance says I owe according to the explanation of benefits I get for each claim. Edit: THESE ARE ALL IN-NETWORK PROVIDERS. + +About 5% of the time, the provider acknowledges the mistake and sends me a new bill with the corrected balance. But for all the others, they refuse to budge and threaten collections if I don't pay the full amount. + +Sometimes the provider will say, "this is a [insert random name] fee/surcharge etc. that insurance doesn't cover." Other times, the person that answers the call either doesn't understand medical billing at all or is pretending to not understand it to get me off the phone. + +I'm on the phone with my health insurance nearly every day. They've said they've done investigations, except all but one "investigation" has dragged out for several months with nothing to show for it. And each time I call up, they act like they've never heard of any of these investigations until I start reading off codes, dates, and people. Then they magically find it and act like it's the first time anyone has been made aware of it and say they'll call me up when they get an answer. And then they never do. + +Is there something I'm missing here? I've read similar complaints from people, but people seem to experience these things rarely - whereas in my situation, not having a medical billing headache is the rare exception. + +This also seems to be a problem with the providers near my university (small city in upstate New York) more so than where I grew up (suburb of NYC). +Hello all. I've been lurking the past couple weeks and I'm brand new to investing and wanted to share my story. Just wanted to say that this sub has been super helpful to me as a newbie so thanks very much in advance. + +I'm having a lot of issues trying to restrain from FOMO, and it's been a hot topic lately, but what are some things you all do to not get those urges that you're missing out? + + +For context. 29(m) working in Network and VOIP administration in the Okanagan. I have ~95k in mutual funds with Investor's Group. Half in a conservative position (hopefully house purchase in the next 2 years) and half for retirement. I recently threw 5k into a Quest Trade account to catch the GME train. I lost $800 within 2 days in GME (lol) and bought some shares of GDNP @1.28, SU.TO@21.70 and ATVI@97 which have done a bit better for me. + + +I want to say that I've learned my lesson, but it's become a daily routine for me to come here, r/stock and WSB and read all about the stuff that's booming and I'm missing out on - the newest being Tilray and Aphria. How do you guys resist those urges to try and get lucky to ride the wave? + + +In some ways, I think that since 95% of my portfolio is in safer investments anyway, maybe it makes sense for my 5k to be in a more yolo/aggressive position? I guess this is just me dipping my toe into the water to try and become more financially independent but the truth is I know nothing about this stuff and my "DD" is basically just reading news articles and reddit posts, and youtube videos that sound like the OP actually knows what's up. Kind of ironic because I'm the type of person that if I need to buy anything (laptop, desk lamp, whatever), I'll read 30 pages of reviews to try and find the best option but with regards to stocks I feel like I have 0 idea what's going on. + + +That being said, this is the first time I've really been interested in handling my own money. When I first started working I went to IG knowing that my return would be lower, but also just wanting to not worry about it and have someone help me. Now, I find myself reading articles, watching Brandon Beavis and Justin Oh on youtube daily and really just trying to get more involved. My financial advisor at IG is also wonderful and has been super helpful. I want to say my end goal is to be literate enough to leave IG but I'm not sure. She of course recommended to stay far away from GME but I'm an idiot so... + + +If you've made it this far thanks for listening to my story. What do you think I can improve on? Am I on the right track? How do you keep your FOMO at bay? +The new rules [which were announced several months ago](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/) are now in place. All top-level comments will be auto-removed, pending approval from white-listed users with comment approval/removal abilities. + +-------------------- + +Notes + +* For those asking questions, please be patient as comments are approved. It may take longer to get a response, but the responses you do get should be higher quality standard now than they were before. +* If you are answering a question and are not a white-listed user, please be sure to write high quality answers if you would like them approved. As a rough set of guidelines, this means providing detailed and correct explanations, showing your economic reasoning and/or economic models, citing research where appropriate and answering the question as fully as possible. Short, incomplete and misleading answers are much less likely to be approved. + * Top level comments asking for clarification from the OP, asking additional related questions, and other such requests are fine and will be approved. +* If you are a white-listed user, please approve comments that meet these subjective guidelines. Please also approve any comments asking further questions or clarifying. Keep those answers that do not meet this standard as removed. +* If you are answering questions and would like to be white-listed, please leave a top-level comment here with 4-5 posts highlighting your knowledge of economics. We do not care about formal credentials, only your history of comments showing good economic reasoning. With that said, the standard for a white listed user is roughly having the knowledge from an undergraduate degree in economics. Comments do not have to be from /r/AskEconomics to highlight your knowledge. + +In 1965 the average CEO made 20 times what the workers make, in 2018 the average CEO makes 300 times what the workers make (https://howmuch.net/articles/how-much-more-ceos-make-than-workers). +What I am wondering is if all the CEOs combined are making 15 times more of the market in 2018 than in 1965, or if collectively they are still taking the same amount of money but it is spread between fewer CEOs so each one is making more money? +More generally how does this question apply to a larger timeframe than just 1965 to today? +The new rules [which were announced several months ago](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/) are now in place. All top-level comments will be auto-removed, pending approval from white-listed users with comment approval/removal abilities. + +-------------------- + +Notes + +* For those asking questions, please be patient as comments are approved. It may take longer to get a response, but the responses you do get should be higher quality standard now than they were before. +* If you are answering a question and are not a white-listed user, please be sure to write high quality answers if you would like them approved. As a rough set of guidelines, this means providing detailed and correct explanations, showing your economic reasoning and/or economic models, citing research where appropriate and answering the question as fully as possible. Short, incomplete and misleading answers are much less likely to be approved. + * Top level comments asking for clarification from the OP, asking additional related questions, and other such requests are fine and will be approved. +* If you are a white-listed user, please approve comments that meet these subjective guidelines. Please also approve any comments asking further questions or clarifying. Keep those answers that do not meet this standard as removed. +* If you are answering questions and would like to be white-listed, please leave a top-level comment here with 4-5 posts highlighting your knowledge of economics. We do not care about formal credentials, only your history of comments showing good economic reasoning. With that said, the standard for a white listed user is roughly having the knowledge from an undergraduate degree in economics. Comments do not have to be from /r/AskEconomics to highlight your knowledge. + +I did it. I finally did it! I never thought i'd actually make it. It felt like such a giant mountain to climb but i finally made it. No more car loans, no more credit cards, no more rental agreements (for products), no more buy now pay laters. From this day forward every dollar i earn is MINE and ONLY MINE! + +To give you all a rundown here's how it all began. Some of the dumbest choices i made in my 20's. For context i'm 29M now. + +September 2015 at the age of 22 i made a really stupid choice. I got a credit card. I started with $5000 on it and thought i would be able to manage it. And i did manage it for the first 6 months. Paid back what i spent on it on time, no issues right? Well, my smart brain thought it would be a good idea to up the limit to $9000. I maxed it out pretty quickly after that and struggled since to pay it back. I was getting hit with $220+ a month interest + fees. + +In July 2016 i went and got my car loan for $21000 on a variable interest rate. Because i thought "well if its variable and i can pay it off quicker with no penalty, what's the harm?!" How wrong was i... Cue me paying $387 a month until January this year. + +In 2017, my friend introduced me to Zip Money. I thought the idea was brilliant, so dumb me signed up for $3000 and i did well keeping it paid but after 2 years i slipped and maxed it out only to be hit with $87 a month interest after the free periods ended. + +In 2020 i used a rent to own service (polygon) to rent out some camera and audio gear for a youtube project i was working on with a mate. We were getting decent views and while the monthly repayment was about $96 total each it was still something sitting at the back of my mind. + +In 2022 after paying off my car loan with some money i got from a deal i had with facebook gaming (i did streaming in my off time for a few years, that's a whole other story). A month later I decided to upgrade all my DJ gear as my current stuff was 8 years old and falling to pieces. I used the Polygon Rent to Own service again to rent out another $4500 worth of DJ gear. I had already bought one of the decks outright that i needed, so i only "rented" the second deck and the mixer. The payment was $222 a month. I had basically swapped one loan with another... + +However, it was not until late April where i finally realized what i had done. Sure, I had a small win earlier but i had not learned a thing. It was around this time i found out my mother had been diagnosed with cancer and I'd be lying if i didn't get the biggest reality check of my life when i found this out. It was like a light switch flicked in my head and i knew i had to act. Everything around me became so clear. I was earning 86.7K a year on a monthly salary of $5522 and living paycheck to paycheck while being $17000 in debt. I was losing almost $800 a month just on repayments alone, blowing $800+ on uber eats etc. Not saving a cent for myself. I had to change. + +So i found the book "The Barefoot Investor" and before i continue, no this post is not a plug for it. I have not even finished it, i got up to the "domino" your debts part and stopped because that was what i had to do. + +So i read the part about clearing your debts and it all just made so much more sense to me. I was about to get paid for the month of April so i swore to myself i'd put some away. I managed to put $1200 away that month and i left it there. The next month it went to $3300 and then over $6000 the following month later. By the end of June i had over $6000 in savings. I could not believe it. I had been budgeting hard for the last few months cutting every cost i could. When my tax return came back (I WFH so i claimed everything i possibly could) i dumped it all on the credit card. Every last cent. I did not leave any of it for myself. By mid-July i had paid off the credit card in full with some money left remaining. + +I kept at it. By Mid-September i had paid out the DJ Gear i was renting in full. $4000 was the repayment on it. I went down to PAX in October and went a bit harder than i should of, Blew some money, had some fun. But i factored in i'd be done by the end of the year. Last week i paid out the zip money which cost $2700. And today i paid off the remaining of my camera/audio gear which was around $2200. + +So over the space of this year i paid off a total of $22,000 in debt. A mountain i thought was near impossible to climb. I spreadsheeted hard, cut every cost i possibly could. In April i was paying $200+ a month in subscriptions! Now its under $40. To give everyone a brief summary here is what the final pay-outs were like for everything. + +* Car Loan $4000 +* Credit Card $9000 +* DJ Gear Rental $4000 (part of my repayments came off the amount remaining) +* Zip Money $2750 +* Camera/Audio Gear $2250 (part of my repayments came off the amount remaining) + +Total: $22000 + +I hope my story inspires others to try and tackle their debts. I felt like it was impossible but i overcame and finally did it. Finally, i can start the next journey that is saving for a home. +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) +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/wsNDGTf5QH). +I always imagined myself advancing to a distinguished role with some influence (and the side effect of wealth) but I’ve come to realise that I don’t care for climbing the career ladder or going above and beyond to reach some lofty ambitions and rather I just want a job that’s relatively low stress and low responsibility, which doesn’t bleed into my personal life, and pays just enough that I can afford to feed the wolf at the door and perhaps buy a new instrument and have a bit of a holiday every 3 years or so (there are no kids on the horizon). I also have recently been diagnosed with an auto immune condition that flares up during times of high stress and causes some really unpleasant symptoms, so that was the nail in the coffin for the high flying life. + +&#x200B; + +My sense of identity is not tied to my profession, and most of my gratification and fulfilment comes from reading, writing music, writing fiction, trying new hobbies, friendships, getting out in nature, volunteering and whilst I wouldn’t want to feel as though my job is promoting profligacy, inequality, addiction or insecurity I don’t need my job to be a passion, or to feel as though I’m changing the world every time I get out of bed. + +&#x200B; + +My background is in communications, marketing and web design but not necessarily looking to remain in those areas. I don't mind studying / training to get there. + +&#x200B; + +So with that said do you know of any jobs that seem to fit the bill? +Have there been any studies analyzing the economic impacts of slavery, its effects on the labor market, etc? Did slavery undercut the wages of poor whites? + +And as an off-topic question, if slavery DID undercut the wages of poor whites, why were poor whites in the South still mostly supportive of slavery? +So I got bored and built this weird Iron Condor on AMC: + +&#x200B; + +[Iron Condor positions. A bit weird because I couldn't get enough volume on the 49 strike to fill it, so gave up and sold the 45 instead.](https://preview.redd.it/slozkic9fw571.png?width=1112&format=png&auto=webp&s=980ad70c1d24c2fc15e1d209f7ad1fb5e2685695) + +The raw numbers are sort of scary, but the net premium was $56,321.89 and the max risk is $60k, so max loss is $3678.11, and max gain is the premium. I legged in by selling the put spread first for a 69 cent credit (nice), then sort of waited for the call credit spreads to fill. + +In case you prefer crayons to numbers, here is a model at expiry: + +&#x200B; + +[P\/L at expiry. optionstrat.com is amazing.](https://preview.redd.it/omys9yzhbw571.png?width=1938&format=png&auto=webp&s=974435e23b199cd32dce9c303ef6503d2fc5c7e3) + +So I guess I hope AMC is between $38 and $45 in mid December? + +# ytho? + +Like I said, I was bored. Waiting on actual positions to pay off, but too cautious to just buy meme stocks. As you can see by the basis on my AMC tracking share, if I had just gone long on AMC I'd be up big time, but I didn't have much cash free, and I didn't want to gather it into a pile and burn it. I wanted to find some way to profit off the AMC craze with more defined risk. + +Since I got $56k up front, and the spread width is $60k, I figure I need about 6.5% return between now and Dec 17th to make it lossless. So I used the premium to buy 2457 shares of PSTH @ 22.91. It's already one of my biggest positions, it has a bunch of defined catalysts between now and December, is at least 30-40% undervalued, and downside risk is pretty low. If PSTH moves up to $24.41, I'm good. 2457 more SPARC rights sounds nice too. + +Since its an Iron Condor, I can also profit if IV settles down a bit. Who knows if that will ever happen. If I can close it this fall at 50% gain I probably will. + +I realize there is risk of early assignment on the short options, but worst case I could cover it out of PSTH or other positions. I'm hoping the high IV/no dividend AMC makes that unlikely. + +I thought about going bigger, but the worst-case scenario (early assignment) already felt risky enough. I just want to see how it goes. Is there some other risk I'm missing? +The announcements on 17 Apr were expected to focus on relief packages for the MSME sector. In anticipation, the markets were in positive territory by a clear 3+ %. Points below are paraphrased from the speech of RBI governor. + +**Context** + +1. RBI has been proactive in the very critical situation +2. There have been some announcements every 2-3 days +3. Today's briefing focuses on specific meaures +4. 150+ officers and service staff are in 'office quarantine' working on critical matters like currency supply +5. Since previous Mar 27 address, macro situation has declined further. 9 trillion USD is the estimated impact on world economy due to lockdown. +6. India is expected to have the highest GDP growth rate among G20 economies. +7. **IMF is projecting a V shaped recovery.** +8. Agriculture and food production in India is expected to be strong, despite the lockdown +9. IIP for Feb 2020 was high; however Mar numbers would show lockdown impact - auto production, freight movement, exports, etc have shown declines already +10. Banking operations have been running smoothly in lockdown - little downtime in internet and mobile banking; ATMs are running, business correspondents have been at 80%, etc. +11. In Feb and Mar, RBI has injected more than 3% of GDP in liquidity; more TLTRO since Mar 27 +12. Redemption pressure faced by some mutual funds have moderated a bit + +**Measures** + +1. Objectives - maintain liquidity, help bank credit growth, ease financial stress, smooth financial markets +2. Focus on MSME and MFI +3. TLTRO 2.0 - 50,000 crores to begin with - Banks have to use these for NBFC, with at least 50% going to small NBFCs +4. All India financial institutions - NABARD, SIDBI, NHB, etc - would get additional funding of 50,000 crore. To be used for lending to and refinancing MSME, HFC The amount is with the consultation of these instis. RBI would add more if required. Funding would be at repo rate of 4.4% +5. Liquidity Adjustment Facility - 6,9 lac crore has come to RBI via reverse repo. >!Another 25 basis point cut in reverse repo to 3.75!< +6. WMA (Ways and Means Advance) limit to states increased to 69% - greater comfort to states to plan covid-19 measures - would be available till end of Sep +7. **NPA classification** \- Moratorium would be excluded in classifications of NPA. i.e Accounts that were good on Mar 1 would continue to be so even if the moratorium has been used ("Standstill") +8. Banks to maintain a higher provision of 10% on such standstill arrangement. This is to contain the risk of moratorium +9. Resolution timelines - extended to 300 days from 210 days +10. Dividends by banks - Banks should not make dividend payouts +11. LCR (Liquidity Coverage Ratio) brought down from 100% to 80% - would go up to 90% in Oct and 100% in Apr 21 +12. NBFC loans to real estate firms can be extended by 1 year without being classified as NPA +13. More measures would come as needed +Hello kind internet strangers! + +I am a 27 y/o (M) who recently came into making 150k annual from 35k annual. + +I didn't come from money nor have I had anything more than just enough to "scrape by". + +I recently had a son last week and I am looking for advice how to best invest my money for retirement/for my kiddo. + +What would be some good sources of information for my scenario and what would be a good way for me to save for my future outside of a savings account? + +Edit: I live in the US and my employer does not match 401k. + +Edit 2.0: Thanks to everyone in this sub, this advice has made me feel like this task is far less daunting and the positivity here is amazers. You all rock! +Gov. Newsom just abolished single family zoning. I'm really curious as to what people think this will do - will the value of SFHs go up? What about multifamily? Rents? Will fancy neighborhoods go down in price? Up? + +I'm not sure I have an idea but am very interested to keep an eye on how it will affect the market. + +[https://www.mercurynews.com/2021/09/16/gov-newsom-abolishes-single-family-zoning-in-california/amp/](https://www.mercurynews.com/2021/09/16/gov-newsom-abolishes-single-family-zoning-in-california/amp/) +To be fair, she is probably just relieved from not having to hear me talk about it. Basically breaking even at the moment, so it's not the end of the world. Plus I never invested any of her money or more than I could afford. All that good stuff. But for a good 5 months or so I was giving her pretty constant updates, because good lord is the bull run exciting and I wanted to share it with someone. + +Anyway, just a funny thought I had. +Hello, I'm 15 and about 3 weeks ago began trading for fun using a practice account on "trading 212", a desktop and mobile trading app. + +The practice account began with €10,000 and over the first week I learnt the ropes and lost and earned healthy amounts of money, I was sitting on about €9,800 at the end of the first week but I was confident I could return to 10,000. That night I invested in gold and set it to sell automatically when it reached a lucrative price, not too high, only enough to make back the €10,000 (so €200). + +It did and then over the next week I traded in gold quite well, now investing in lots of thousands vs the sheepish 1-2 hundred. + +By week three I was at 12k and began trading in nsdq and am (currently) sitting on 19,600. + +Am I just lucky? Although I'm not just investing willy-billy because the sky is my lucky shade of blue, I'm in turn not using the complicated maths or spender hours over looking decisions. This is really something I do between classes but when I came back to friends who got the app only days after I had I was the only one to make such profits. +I found several companies like Fundyourfx and such that you can get hired to do trading on their behalf. Was wondering if anyone here has used their service or similar services? They require a sign up fee and that's making me question their trustworthiness. + +Thank you! +In the aftermath of the GME scandal with RH and other issues I don't trust them anymore. I've seen TD and Fidelity were solid during the whole ordeal with their users. At least it seems. Do either of these offer DRIP or other dividend tools? Dividends are my main passion with investing. +I just read on news that US treasury will run out of money by October. How can a country run out of money ? Please explain. + +I tried to read what this means and why it happened but couldnt understand a word :( + +Thank You +So I've just read a piece by Paul Krugman where he argues that the creation of the euro was rooted in "romanticism" and if the euro had not been created, the Spanish recession of 2007 would not have been so disasterous. My question is; what's the difference between a common currency in the US (the dollar) and a common currency in Europe (the euro)? Why is a common currency in Europe regarded so much worse than a common currency in the US? +So having heard about the GME stuff roughly when it first started, I started to get interested yesterday when it was really hitting the news. I've seen WSB people make loads on Tesla and other picks, and hearing about all those crazy gains and seeing portfolios was giving me some major FOMO. So I just jumped in, £150 of shares in BB - thinking this was going to be the next "rocket to mars!!" as it was being hyped up, and I'd get in early. + +Markets opened today, and I saw the shares crash, so I cashed out. May be against the HOLD mentality, and I may end up regretting it if shares bounce and make loads, but that kind of madness/anxious watching of tickers just isn't for me. + +But more importantly, I now know where I sit with this. I'm perfectly happy with the passive, diversified trackers. I can leave them, not worry about them, and just let them creep up in the background. They're not going to make me millions, but I'm also unlikely to lose half my savings and I won't get a stroke/heart attack in the background. + +Not sure why I felt the need to type this up, and I'm sure people will message me in a week with BB at $200+ or whatever, but I'm ok with that. I value my sanity more! + +Edit: Some interesting comments so far and loving reading what people have written - But please don't feel the need to PM me with insults. I'll admit this kind of investing is not for me and I was a "coward", but this was fun money and I've wasted a lot more on shit I don't need or use before. And i'm happy to talk about it, but there are people who have probably lost thousands over the last 24 hours especially, who may not be as accepting about it. + +Edit 2: This was money I could afford to lose, it was more the stress of watching the dip and then obsessively tracking and watching that made me sell up. I could have held and sold down the line, but from a mental health perspective i'd rather have lost the £60 then have that in the back of my head for days/weeks/months. Hence the sale. The FOMO and the hype train hit me and I chickened out early, but it just shows i'd rather not be an active investor - and there is nothing wrong with that. +I will soon be 18 years old. + +Because of that I was wondering if any of you can tell me something you regret doing in your financial life. + +Also if you could tell me something you wish you would have known when you were 18, I would greatly appreciate! + +Thank you guys! +You want to explain your strategy to a friend or colleague who has a good understanding of financials and/or algorithmic design including the indicators and/or mathematics you rely on. How long will it take for you or how many core indicators do you use? + +The reason why I‘m asking is that I feel my strategy and dependencies has became really complex and I‘m constantly changing things. It feels like a never ending story and its on the edge of that I could almost not say anymore if certain indicators conflict eachother. It feels similar of doing a painting and you question yourself if the next step will ruin or enhance it. + +For me to explain it to someone would approx take 4 hours to scribble it on paper. +I used to be addicted to crypto, staring at charts all day, zooming in on minute candles, ruining my eyes looking at red and green dildos. I wasted money chasing pumps and dumps, lost a considerable portion of my savings on shitcoins (think worst of the worst, shit like BTC, ETH). + + +And then I found drugs. Started small with just cigarettes, soon moved onto weed. Lately I've started experimenting and diversifying, I start my day with some cocaine, adderall during the afternoon, and shoot up some heroin at night before going to a peaceful sleep. + + +I saved myself, and I'm glad I did. Cheers from a former crypto addict. +If I buy a 2 year note at a 4% interest rate. I am under the impression I have locked in my money at a fixed interest rate of 4% that the government will pay me in exchange for loaning them money. But how do bonds lose value after you have locked that in? If there was an economic crash in the U.S. I am told my bonds would lose value, but how is that the case if I have it locked in at a fixed rate? +Let’s say you have 500K that you decided to put down for an investment property that you’ve properly vetted. Assuming interest rates go down a little bit does it make sense to use cash to buy the first property to see how you do, or buy more than one property with some mortgage help to accelerate earnings the goal would be a stream of income from rentals . +I'm back again and here to defend my thesis and my credibility. I will now present my post on the big question of how I arrived at my $100,000 valuation for the GME Token from my previous post "THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS." This will be done in series of posts due to the nature of its complexity. Before I begin, I feel it's fair to say I have received quite a bit criticism, some less constructive than others, about that post. Although at times the criticism far outweighed the support, there was plenty people that did reach out privately to show support. For those that reached out, thanks and here I prevail. There were plenty of moments where I almost just said screw it, I am not going to do it. However, I decided it wasn't fair for those that did show support not to show it, so here it is. + +&#x200B; + +I am going to start with the most juicy and shocking information first, followed by more detailed posts later. If you have not read my previous posts, I recommend you do as I will be referencing material from them for this post. I have created links to the posts here as quick reference. + +["THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS"](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) (POST 1) + +["DEBUNKING THE DEBUNKING"](https://www.reddit.com/r/Superstonk/comments/z2bap3/debunking_the_debunking_the_font_page_post_the/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) (POST 2) + +["THE TOKEN FILES"](https://www.reddit.com/r/Superstonk/comments/zk9tqr/the_token_files/) (POST 3) + +&#x200B; + +The things I am about to share are extremely sensitive and likely to bring about some major revelations. There is now undisputed data that the GME Token was directly connected to a $4.2 Billion Dollar Transaction from a single address. The example I am going to share here in this first post is just one of many. To start lets first address which specific GME Token is being discussed. + + [0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/address/0x2ec08e59ed827be587897edcdbff59215e785496) (Token Wrapped Gamestop Contract Address) + +&#x200B; + +From POST 1 I presented how the GME Token appeared to be used as a ledger for buying only. From POST 3 I showed how this token is likely utilizing DLT under the Ethereum blockchain through smart contracts. Since there was only 1 seller of the token it makes it easy to plot the exchange rate of ETH/GME Token. This is because every continuing buy order ONLY continues to deplete the supply of the initial 10,000,000 minted. Swap values for ETH/GME Tokens can be found under the DEX Trades Tab listed for the GME Token. Here is what the plot looks for y(x) where: + +y = Swap Rate Value of ETH/GME Token + +x = Total Tokens Utilized at moment of transaction + +&#x200B; + +https://preview.redd.it/x92npef7ws5a1.png?width=579&format=png&auto=webp&s=489808945eb425be8407027e419426bfaebc576c + +This is what the plot looks for all transaction under the GME Token. At first glance it appears there is not a trendline function that would fit the curve as R\^2 Value is inaccurate. If one examines more closely though it looks like there are 2 distinct sections of the plotted data points and separated by 1 outlier data point. Let's now remove the outlier and see how it effects the trendline for y(x). + +&#x200B; + +https://preview.redd.it/snzie6ltxs5a1.png?width=581&format=png&auto=webp&s=80d6e3dff40114574e60faf0d6af625a365ad4a4 + +Removing the outliner had little to no effect on y(x) or R\^2. I then replot the data on 2 separate charts breaking the data into the 2 distinct sections mentioned above. Additionally, I add the outlier back in back into the data set for the next 2 charts. This next chart will show the first section of the data and does not include the outlier in the data set. + +&#x200B; + +https://preview.redd.it/7h2dw5ugzs5a1.png?width=586&format=png&auto=webp&s=85aba22210c236f57b65627a158f9940198832a9 + +Here you can see clearly how it follows the 4th Degree Polynomial Equation y(x) to near perfection. The R\^2 value here shows the trendline is extremely accurate in representing the data set. The R\^2 value represents how much deviation there is between the trendline function and the actual data points. An R\^2 value of 1 means that the data follows the trendline with 0 deviation. Conversely, an R\^2 of 0 means it doesn't follow the data at all. + +&#x200B; + +Next, we will examine the second section of the data set which does include the outlier. It is significant to note that the outlier was the first transaction after the "Intervention/Halt" mentioned in POST 1. Here is the plot for the second section in the data set. + +&#x200B; + +https://preview.redd.it/68o46tb43t5a1.png?width=586&format=png&auto=webp&s=2a69082d5366f7f811b4a07c782df8b69a4938f9 + +After trying different trendline function types to match the data set with an acceptable R\^2 value the most appropriate was determined to be a linear function. Here the value of R\^2 is still accurate enough to represent the data set, but the data does look to have little more randomness to it. Removing the outlier from this data set did improve the value of R\^2, but only minimally and not enough to justify removing it from the data set. + +&#x200B; + +So why am I showing a bunch of charts with lines, equations, and R\^2 values? Well as indicated from POST 1, these values were only meant to represent a percentage of collateral. Those collateral amounts would then be exchanged through similar/other financial vehicles that are indirectly connected to GME Token Buyer Wallets. Here is very simplified breakdown on what that might look like, but keep in mind that these transactions were actually a very complex transfer of funds. + +Wallet A1 sells Wallet B1 - 10 Debt Tokens (Token Face Value = $10, Transaction Total = $100) + +Debt Token Actual Value $1,000, Actual Transaction Total = $10,000 + +Wallet B2 then Transfers (Not Sells) 8% Collateral to Wallet A2, $10,000 x 8% = $800 + +&#x200B; + +Here neither Wallet A2 nor Wallet B2 Interact with the GME Token for a large transaction to take place. So why not just conduct the large transactions under the GME Token? Why do it in such a roundabout way? Easy, there are 2 reasons. First and most obvious reason is Fukery. Second is that makes the whole existence of the Token seemingly insignificant and go unnoticed. WELL ALAS, THE EASTER EGG HAS FINALLY REVEALED ITSELF. THIS WAS NOT SUPPOSED TO BE FOUND AND WHO EVER DID IT LEFT A HUGE SET OF TRACKS! + +&#x200B; + +Hidden in a Contract of one of the GME Token holders was a transaction for $4.2 Billion Dollars. Here you will see how a more complex version of the wallet transaction described earlier was used through smart contracts on the blockchain. Here you can see the top holders for the GME Token, which can be viewed by going to the Holders Tab. + +&#x200B; + +https://preview.redd.it/ksqf98h2lt5a1.png?width=1383&format=png&auto=webp&s=afb48074afc6f951c82b7cfa9e9a0029a0df2054 + +Under number 5 you can see how the Address that is listed is for a contract. If we follow that contract and look at all the activity for it, this is what we find. Here is the link to the contract: + + [0xd769010d3813bafaf4addbfe258eafd07828bb83](https://etherscan.io/address/0xd769010d3813bafaf4addbfe258eafd07828bb83) + +&#x200B; + +https://preview.redd.it/u9d3j9u9nt5a1.png?width=1388&format=png&auto=webp&s=c0e16f5417ee6921ff6e5df03740901a830cbd5b + +Here you can see a list of the transactions for that contract. Detailed inspection shows the history is filled with mostly errored transactions involving pulsechaindotcom, all of which all took place on January 2nd, 2022. THERE IS 1 "RELEASE" TRANSACTION THAT ACTUALLY WENT THROUGH AND IS ALSO LAST TRANSACTION FOR THAT CONTRACT. THIS TRANSACTION ENDS UP BEING HUGE AND EXTREMELY SIGNIFICANT. Before we reveal this EASTER EGG, lets first look at the rest of transactions for this contract. + +https://preview.redd.it/64wzqcn5pt5a1.png?width=1393&format=png&auto=webp&s=c5209e0f992563b3bf60d8cf11567907ae1cb086 + +Here you can see the very first transaction with pulsechaindotcom that errored out was on January 2nd, 2022. The following transaction can be seen with Alameda Research that took place April 14th, 2020. That means that no activity took place on the contract from 4/14/2020 through 1/2/2022. Then on 1/2/2022 a slew of errored transactions took place with pulsechaindotcom. FINALLY WE ARRIVE AT THE VERY LAST TRANSACTION FOR THE CONTRACT. + +&#x200B; + +https://preview.redd.it/9iq4hfnuqt5a1.png?width=1363&format=png&auto=webp&s=1424b8e4b1aa1c0d28044874495e914a7e380505 + +At first glance it looks like the value of this release transaction is 0 Ether, so it might be easily dismissed as nothing. However, this transaction ends up being a HUGE EASTER EGG and it revealed itself on September 28th, 2022. By opening the Transaction, you are able to see the details and here is what it reveals. + +&#x200B; + +https://preview.redd.it/s9cibxq9tt5a1.png?width=1211&format=png&auto=webp&s=68873935566081204de1cac552436bb66b1facba + +Here you can see that release was in fact for 173,926,273 FTT Tokens with a Value of $238 Million. But wait a minute, I thought it was $4.2 Billion Transaction not $238 Million? Well, good news, that $238 Million is the current value as I write this post after the FFT Token Tanked recently. By clicking on the $238 Million Value, you can see the value for that particular transaction the moment it happened. **ARE YOU READY FOR IT, HERE IT IS, $4.2 BILLION DOLLARS!!!!** + +&#x200B; + +https://preview.redd.it/nh1m0ewtut5a1.png?width=522&format=png&auto=webp&s=550ed9268258efa51add07e426dadae862dd9bfd + +Before we continue on, here is an important thing to consider about this transaction. First is that total current supply of FTT Tokens is 328,895,112, so that means this transaction was for 52.9% of the entire FTT Tokens in existence...HOLY CRAP!!! + +&#x200B; + +If we want to get a real valuation for how much collateral this transaction was for, then you must look at the value of the FTT Token on the day that the GME Token was created. On January 27th the day the GME Token was minted and traded the FTT Token Value was $9.60/FTT. So this transaction value on the day of GME Tokens creation would then be $1.67 Billion. Looking back at the value of FTT Tokens prior to the January 2021 Sneeze it seemed to look like a steady crawler. That was until December 2020 about a month before the Sneeze, when seemingly everything changed and it began its vertical ascent from an obvious pump. + +&#x200B; + +Let's now talk about the price history of FTT Tokens and then show how it effects this transaction. + +December 27th, 2020 - Price of FTT Token, Approximately $5.25/FTT + +January 27th, 2021 - Price of FTT Token, Approximately $9.60/FTT + +September 9th, 2021 - Price of FTT Token, Approximately $79.53/FTT + +&#x200B; + +If you now use the value of FTT on 9/9/2021 for $79.53 and then apply it to this transaction, this is what you get. + +**$79.53 x 173,926,273 = $13,832,356,491 = $13.8 BILLION DOLLARS** + +&#x200B; + +THIS MEANS THE CONTRACT THAT WAS HOLDING THESE FTT TOKENS AS COLLATERAL FOR THE GME TOKEN WAS AT ONE POINT WORTH $13.8 BILLION DOLLARS! THIS IS ABSOLUTELY INSANE!!! + +&#x200B; + +Here is where we connect all the details from this post to arrive at the $100,000 per GME Token. If we look at how many GME Tokens that the contract for this transaction held on collateral, we can see its 500,000. This can be confirmed by looking at the Holders Tab for the GME Token. + +&#x200B; + +https://preview.redd.it/41k9s2vh8u5a1.png?width=723&format=png&auto=webp&s=7328fdc37152039cdc92f03b02785cc50c4b2e95 + +Now do doing some simple Math using the Value of $100,000 per GME Token we find: + +500,000 GME Token x $100,000 = $50,000,000,000 = $50 Billion + +Let's now recall Contract Value at the different dates and compare them percentage wise to the $50 Billion. + +January 27th, 2021 - $1.67 Billion (3.34% Collateral Value) + +September 9th, 2021 - $13.8 Billion (27.6% Collateral Value) + +September 28th, 2022 - $4.20 Billion (8.4% Collateral Value) + +&#x200B; + +Hold on minute, none of those add up the $50 Billion, which is what gives us the $100,000 GME Token Value. First take note that I used the word Collateral, which inclines a percentage of total value. Now let's go back to the charts I showed at the beginning of this post with the Swap Rates? The small transaction values from the swaps of the GME Token seem to dictate the Collateral Amount for the Holding Parties. To put it into simple terms mathematically: + +\[$50 Billion Total Value\] x \[Swap Rate f(x)'\] = Collateral Value + +&#x200B; + +So how do we determine \[Swap Rate f(x)\]'? Well, that it is for another discussion in Part 2 of this post, as we have to go down yet another rabbit hole. Hopefully by now you are starting to see the big picture on the magnitude of just this one transaction. There are plenty more juicy details to come soon, but I want to add few additional details that will support the GME Token Valuation of $100,000. + +&#x200B; + +Let's now look at the smallest token holder for the GME Token, disregarding the last 2 holder that are of insignificant quantity. + +&#x200B; + +https://preview.redd.it/r2lgo604iu5a1.png?width=862&format=png&auto=webp&s=4d186ca0796f5208eb14fce9ab278b868ebf0d26 + +If we now assign random values to the token, we can get an idea of how big a player this would be in terms of dollars. It is first important to consider the types of players and money involved regarding something this big. Small Players under $100k would not even be part of this or even know about it. + +2.44 GME Tokens x $1 = $2.44 (Player Insignificant) + +2.44 GME Tokens x $10 = $24.40 (Player Insignificant) + +2.44 GME Tokens x $100 = $244 (Player Insignificant) + +2.44 GME Tokens x $1,000 = $2,440 (Player Insignificant) + +2.44 GME Tokens x $10,000 = $24,400 (Player Insignificant) + +2.44 GME Tokens x $100,000 = $244,000 (Player Eligible, INSERT QUARTER PLEASE) + +2.44 GME Tokens x $1,000,000 = $2,440,000 (Player Eligible, BOOM TOWN) + +&#x200B; + +As you can see there is only 1 clear value for the GME Token that would make sense in order for that player to be significant enough to participate. $100,000 is the Goldilocks value that make everything come to together and click perfectly into place. Let's consider for a moment that the GME Token was for more than I am claiming, THEN THIS IS EVEN BIGGER, WHICH IS AN AMAZING THING! Doing some simple math if the GME Token was worth $1,000,000 we get: + +\[10,000,000 Total GME Tokens\] x \[$1,000,000\] = $10 TRILLION DOLLARS + +&#x200B; + +$10 Trillion Dollars would be far greater than $1 Trillion I originally claimed regarding the token pool value from POST 1. I will add one final note before ending this post. I want to reiterate the uncanny and improbable coincidence that the very first buy first transaction connected to Melvin from POST 1 connects perfectly using a GME Token Value of $100,000. There are many factors as I have shown here that support the claim for the value of the GME Token. There is additional information I will be putting into Part 2 to further support the valuation. For now, this should give you glimpse into the significance of everything regarding this Token and that huge dollar amounts are connected to it. + +&#x200B; + +That's it for this post, I hope you got as much satisfaction out of reading this as I did writing it. Cheers! +TLDR - Options data show that the hedgefunds are still fucked and the original plan for bankrupting GME hasn't changed. Since I've become more active on reddit either making posts, commenting more or responding to DMs I've started getting threatening messages and "insulting" comments, these do not bother me and the tone of my posts will now include a lot more sarcasm and mocking in response, please enjoy. + +&#x200B; + +Ape. Are you struggling with the weekend? Do you miss eating crayons? Looking for some friendly confirmation bias to stop you climbing up the walls? + +You've come to the right place! + + +I've gone through all the option data on yahoo finance for this coming week which I will link incase you want to look for yourself. + +([https://finance.yahoo.com/quote/GME/options?p=GME](https://finance.yahoo.com/quote/GME/options?p=GME)) + +For all you apes that don't click links don't worry I've got screenshots, I'm used to you lazy fucks now. + + +[$0.5 - $10 strike price with OI of 228,077 ](https://preview.redd.it/cfeto1o95ds61.png?width=1104&format=png&auto=webp&s=9b6e575a3a400d6e5c57128873f63637edd5eb0a) + +It's likely these options were placed a long time ago so the premium that would've been paid on these puts is likely in the millions of bananas. Hedgefunds go ouch. + +This quite simply is why we keep seeing GME attacked in the news, why Mevlin lied to congress to say they covered thier shorts, why the data that is being reported by S3 and others is just complete bollocks. The play was to bankrupt GME to save on tax. They didn't cover at $40 they aren't covering at $160 because they bet BIG on GME dying. + +&#x200B; + +[$11 - $30 strike price with OI of 72,842](https://preview.redd.it/8xwjxs3s7ds61.png?width=1076&format=png&auto=webp&s=61624af6a0fed3eb36694ba9872a2631b0b23fbf) + +So lets quickly total that up... 300,919 puts with OI for $30 or less... let me just quickly check the price again... $158.36 + +&#x200B; + +https://preview.redd.it/j1gj3i3j8ds61.png?width=500&format=png&auto=webp&s=f4ff23b4da72f66da7ab0d338031921764baa5c4 + +That was a bad play hedgies... Would not recommend. + +I just hope for their sake that they don't have many more of these positions otherwise they are going to be seriously hurting. + +&#x200B; + +[$31 - $50 strike price with OI of 48,542](https://preview.redd.it/mszn8fj09ds61.png?width=1076&format=png&auto=webp&s=12d240d06bbe2399c79e9ad73b57127411810624) + +You think this will go below $50 per share!?!? With Captain Cohen in charge??? + +&#x200B; + +[Mad millionaires calling up Gabe and Kenny G ](https://preview.redd.it/c1wfkqq9ads61.png?width=1136&format=png&auto=webp&s=4e42e8a3526fe9b546ee0e7a73fcba7755ba0f18) + +I keep seeing news reports about reddit being bad for the market users say stupid things like "We like the stock" "Apes together strong" and Citadel spend billions on order flow to know exactly what everyone here is doing so that they can counter it and profit. Yet here we are... shills reading this please ask Kenny, Gabe and any other dumb dumb who keeps betting against GME + +"y u do dis" + +I would like to know. + +Anyway enough sass (for now) back to the data. + +&#x200B; + +[$55 - $145 strike price with OI 46,769](https://preview.redd.it/yqdk0ljfbds61.png?width=1066&format=png&auto=webp&s=7391a378409cc41b03ba6b02514dc02edb1c7f97) + +Ok so we are at 396,230 puts now and none of them are in the money currently moving into next week.... + +&#x200B; + +[Pls shills, ask the dumb dumbs. ](https://preview.redd.it/7u5u2qoicds61.jpg?width=600&format=pjpg&auto=webp&s=aa56a7ee6adc1609d6d273d200c5aa4a72f2a9e3) + +Now to add up all the puts that expire this week on April 16th, there are **422,649** with a large majority of them currently being out of the money. So expect more fuckery and the price to be driven down further but remember that the play is BANKRUPT GME. That was the goal at the start for these hedgefunds and just looking at the insane amount of puts just this week we can see that hasn't changed. + +Just for comparison there are 126,256 call options this week, including 500 from the legend himself u/DeepFuckingValue at $12. Which means he has the right to buy another 50k shares for $12 each. Although it will actually be slightly less as if he decides to as he would've paid a premium for the position already. + +For the moon boys there are 33,300 calls on GME being $800 or higher by Friday 16th. Good luck to anyone on that YOLO play, I personally haven't made any I just buy and hold my shares and then stare at them 24/7 and shout "do a kickflip" so far no success but I'll keep you updated. + +In summary, there really isn't a need for more DD... Hedgefunds put the house, the yacht, the instagram model wives all on GME going bankrupt and it just isn't going to happen. GME recently reported that preliminary sales are up 11% from the same time last year. + + +[https://finance.yahoo.com/news/gamestop-announces-preliminary-sales-results-100000741.html](https://finance.yahoo.com/news/gamestop-announces-preliminary-sales-results-100000741.html) + +Remember that they have also massively reduced costs by moving to ecommerce and closing underpreforming stores, they could very well be on pace to have a more profitable start to the year in 2021 than they did in 2019 precovid and this is just the beginning for the Cohen era for GME. + +The squeeze is invevitable if you have doubts just turn off the news, close your laptop and set a price alert for $800 per share so you don't miss the gamma squeeze, before the short squeeze, before the MOASS! + +&#x200B; + +Thank you and I'll see you somewhere in space! +Hopefully this doesn't come across as too much of a brag, I just want to really get it into people that loyalty really doesn't pay (in most circumstances!). One of my close friends refuses to leave despite being underpaid and afforded no opportunities and I find it really frustrating because he is otherwise very competent. I am just astounded by my salary trajectory after deciding to leave a company I was at for 7+ years (\~5 years in a specialist role). Here's the basic story: + +**Company 1 (Start of specialist role)** + +Year 1: 80k package (70k base) +Year 2 - 4: 110k package (90k base) - *two years of stagnation* + +**Company 2** + +Year 4.5: 150k pkg (135k base) + +**Company 3** + +Year 5: 200k pkg (162k base) + +The roles are basically the same responsibilities as from Year 2, maybe I am more efficient and competent within that role now but I would not expect such growth from that alone. Is this anyone elses experience? + \#protecttherugged | ✅First Ever To Refund Scam Victims At Launch Join the movement: The first ‘anti-rug’ token ✨ + + +* 🚀 JUST BROKEN ITS ATH = Diamond Hands Community +* 5 YEAR business plan currently being not only drafted but also being placed into action including the KENNEL DASHBOARD and OTC. +* Market Cap 230K! Still Early To Join +* More Than 60% supply already burnt! ☢️ +* Liquidity locked for 10 years [https://dxsale.app/app/v2\_9/dxlockview?id=0&add=0x80fe52D2DD45A0588cE09DB3402Bd84BA45e9C9d&type=lplock&chain=BSC](https://dxsale.app/app/v2_9/dxlockview?id=0&add=0x80fe52D2DD45A0588cE09DB3402Bd84BA45e9C9d&type=lplock&chain=BSC) 🔒 +* Listed on pancake swap (check TG for link) 🥞 +* With a fully doxxed team who have been victims of rug pulls personally that came together to represent the core values of community and togetherness, not only by supporting both victims of rugs and newer members of the crypto community but also supporting multiple charities that will help real time causes such as animal and nature preservation organisations, child aid organisations, mental health organisations and many more. EXTRAS💎 +* Charity and Giveaways 🏝 +* Whitepaper in development 📄Roadmap being implemented onto website +* NFT, Community support & Gaming 🕹 +* Massive marketing plans being set in motion to skyrocket the awareness of our safe space 🚀 👍Join and follow for further updates : 🐶 + +[Telegram](https://t.me/dogsunitedtoken) | [Twitter](https://twitter.com/dogsunitedtoken/) + + +If nothing else #protecttherugged This isn’t just a token this is a movement 🐶 +To clarify, I'm referring to the two options of: + +**A**. Creating a handpicked portfolio of stocks + +**B**. Just buying a "set and forget" index fund + +The advantages of **B** are obvious: reliability, safety, etc. but what one that's easy to underestimate is *relatively zero time expended* in making decisions. + +The advantage of of **A** is (theoretically) higher quantitative ROI but significantly higher risk. Risk that must be eliminated via the following traits that I've discerned through my limited knowledge: + +1. Temperament to see things as they are. Not what you want them to be, nor what you fear them to be. + +2. Arduous expenditure of time in screening + +3. Skill in reading financial statements + +4. Humility to only strike within your circle of confidence (the stuff you know about well). + + +What if your age is such that the returns you see aren't going to compound well relative to investing your time and energy into starting a business yourself? + +What if your capital too small, e.g. $300,000 sounds like a lot of money but is it worthwhile to see a 10% annual return for 30 hours of research per week? That's just $19 per hour. + +I'm curious and eager to hear your thoughts in the comments below. + +Don't forget to like, subscribe, and hit the bell button. +Ive heard consumer staples and banks are good? can you name any other companies and why? Ray dalio has been adding a lot of Walmart, coca cola, costco etc so i think hes preparing too as well as buffet with kroger +Anyone else learnt a new skill which they didn’t consider learning pre-COVID? + +Edit: since this post got some visibility, I’d like to share this 3-way mirror which has been a life-changer for me. + +https://www.jmldirect.com/back-view-mirror + +Disclaimer: i have no intention to promote or advertise said product. Just sharing something that I bought which makes self-cutting process extremely easy. +H&R has had some very positive updates since my last write up. This will be a catch up on H&R's near term catalysts, and why H&R maintains my top pick in today's market. There are some significant adjustments coming soon May 12th (earnings release), which I outline below. + +&#x200B; + +**Net Asset Value Increase Announced Coming** + +&#x200B; + +H&R has announced (Read their recent news released, linked at the bottom of this page) they have appraised their Residential and Industrial divisions in Q1. This is a very big announcement. They have announced "significant" increases are to be expected to the valuation of these assets. The key word they used is significant. Industrial and Residential make up 45% of investment properties as of December 31st (Q4), so any adjustment here will have a material impact. + +&#x200B; + +These adjustments were not expected by the overall market, so it will be a nice upside surprise. The reason for the sudden evaluation change is simple. In 2021, Primaris was planning to be spun off. During this time, all malls were appraised, and Residential and Industrial were left not appraised. This is simply due to time constraints. Only a percentage of all properties are appraised every year, and the Malls were done in 2021. Since the write downs in the 2020 pandemic, the valuation of Residential and Industrial have not been corrected upward. Yet, these were some of the hottest properties that increased in value the most during the pandemic. Hence, the "significant" increase in valuation of these properties will be released in the Q1 report, on May 12th. Get ready... + +&#x200B; + +What is "significant". This is the question. I do not see a 1-4% increase as significant. A 5%+ increase would be. The Q4 disclosed CAP rates for Residential USA is 4.34%, Industrial USA 6.79%, and Industrial Canada 5.13%. H&R REIT has very high quality properties. Residential properties on average are only 6.6 Years old, located in the HOTTEST sunbelt markets (Miami, Dallas, California, New York, etc) and have been raising rents materially fast (Residential is all in the USA currently, and do not have the same rent controls as in Canada). So considering how fast residential has been raising rental rates through the pandemic, and the demand, we know these will be adjusted significantly. In the Q4 earnings calls, there was a brief discussion with analysts regarding Residential CAP rates. Philip Mentioned that CAP Rates are "well into the 3's, not the 4's". There was some adjustment to asset values in 2021, but that was simply due to occupancy lease ups, not appraisals. At the end of Q1, this is the significant change in NAV we want to see. An adjustment from 4.34% to, lets say, 3.8% on residential, will be "significant". Residential is 32% of H&R's assets, and at a valuation of 3.5B and CAP rate of 4.34%. If we reduce the CAP rate into a 3.8% CAP rate, we are looking at a valuation increase of around 12% on 3.5B of properties = 3.92B. On residential alone, that's 420M, or about $1.50/unit increase. Now, I highly doubt we will hit an average 3.8% CAP rate on residential (but it is entirely possible, and it can easily be argued the properties are worth that), but you can see how a small change in CAP rate will incur a massive NAV gain. Industrial is a smaller portion of property values at 13% of assets, but will see a significant increase in value there as well. This leaves me to believe the NAV increase from the announced CAP rate adjustment will be in the $1-$2 NAV per unit range. + +&#x200B; + +That is not all for NAV. H&R REIT has purchased in Q1 9.7M units at an approximate 30% discount (this discount will be larger as the NAV is adjusted in Q1). That is a 38M increase in value, or approximately 15 cents per unit in Q1 alone (this keeps rising as buybacks are occurring every day). Add in retained FFO of around 50% at 4.3C per month = an additional 16 cents, for a whopping increase in NAV of a low $1.30 to over $2.00 in Q1 alone. I do not believe the market has been expecting this, or this is priced into the REIT. H&R to report $18.50 to $19.50 NAV is very possible, but if we are on the ultra conservative side, $18.70 to $19.00, with $20.00 NAV being on the very high end, depending on what these CAP rates come in at. Either way, all the news is good here, and none of this is priced into the REIT, in my opinion. + +&#x200B; + +**Unit Buybacks & Asset Sales** + +&#x200B; + +Although already mentioned, buybacks have been very aggressive, purchasing 173,000 units per day at an average cost around $13 ($2,249,000 per day). Over $140,000,000 has been purchased and cancelled year to date so far. This is excellent use of capital. This is at least a 30% instant return on investment. However, it should be noted that this is also very expensive. H&R has approved 28,000,000 units for repurchasing, which had doubled their original NCIB of 14,000,000. H&R would not have doubled their NCIB early, unless they expected to fully utilize their first NCIB, and begin utilizing their 2nd. At an average $14/unit (because I do believe H&R will rise pretty soon) is nearly a $400,000,000 budget. H&R has the capital funding to support this (nearly 1.1B in liquidity), but they will not simply drain their cash and dip into their LOC to fund this. H&R's strategy is to be a streamlined Residential and Industrial REIT, and sell off its Office (except some properties to develop into residential), and sell off the Retail, at opportunistic times. That time is now with a guaranteed 30% ROI through buybacks. In the annual letter to unitholders, the next initiative is to sell Retail. It is my belief, this is going to happen very soon. In Q1, H&R paid off almost $100M in property mortgages as stated in their annual filing. This would align nicely with paying off retail mortgages prior to an anticipated sale. The sale of Retail properties would go to fund continued buybacks. I do expect to hear about Retail property asset sales in Q2, Q3 at the latest. H&R has high quality assets. The assets they are selling have long WALT (Retail 8.5, Office 9.3), and are investment grade office or grocery anchored retail. These properties are in very high demand, and will likely fetch OVER stated NAV, resulting in further NAV increases not included in the NAV adjustments above. + +&#x200B; + +**Distribution Increase** + +&#x200B; + +Not discussed, but the picture has been painted, is the coming distribution increase for H&R REIT. H&R has made it clear their payout ratio target is 45% to 55%. We will know better at the end of Q1 what the current payout ratio is since the PMZ spin off, but its widely expected we are sitting closer to 45% than 55% today. With Buybacks continuing at full tilt, the payout ratio continues to lower everyday, and SPNOI continues to increase. This will mean that a rise in distribution is very likely, and that rise in distribution will support the unit price recovery. As buybacks are happening, it would not make sense to raise the distribution until either the unit price has recovered, or H&R is nearing the exhaustion of the NCIB. After all, the goal is to buy back as many units as cheap as possible to give unitholders the largest return on each purchase, and the distribution increase will only act as a further catalyst in raising the unit's trading price. We should expect the distribution increase to coincide just before the buybacks end. This is not a bad thing. It will help solidify the gains. + +&#x200B; + +**Conclusion TLDR** + +&#x200B; + +What you are seeing before your eyes is the H&R transformation plan, being executed as described by management. They have been hitting it on every aspect, and the most important thing in real estate is Quality. Quality location, quality assets, and quality tenants. NAV is about to get an unexpected boost through asset sales, buybacks, and most importantly, CAP rate compression. H&R is about to have one of its best reporting quarters ever, and as outlined above, there is much more to come. + +&#x200B; + +**Sources:** + +Recent News Release - [https://www.newswire.ca/news-releases/h-amp-r-announces-increase-to-normal-course-issuer-bid-anticipated-fair-value-increases-of-assets-date-of-first-quarter-2022-earnings-release-conference-call-and-webcast-and-declares-april-2022-distribution-871236518.html](https://www.newswire.ca/news-releases/h-amp-r-announces-increase-to-normal-course-issuer-bid-anticipated-fair-value-increases-of-assets-date-of-first-quarter-2022-earnings-release-conference-call-and-webcast-and-declares-april-2022-distribution-871236518.html) + +Annual Information Form (SEDAR) + +&#x200B; + +Q4 Annual Report (H&R's website) + +&#x200B; + +Q4 Investor Presentation - [https://www.hr-reit.com/wp-content/uploads/2022/03/HR-Investor-Presentation-Q4-2021-Final.pdf](https://www.hr-reit.com/wp-content/uploads/2022/03/HR-Investor-Presentation-Q4-2021-Final.pdf) + +&#x200B; + +**Disclosure** + +&#x200B; + +FFO Payout Ratio will need to be adjusted based on any Retail asset sales coming up. COVID continues to be a wild card for all REITs. This is not investment advice. Do your own Due Diligence. I hold H&R Long, but unrelated to my investment thesis, I plan on selling a portion of my holdings to fund some cash demanding expenses coming up, and to reduce my personal leverage, but will continue to hold a material amount of H&R. The exact FFO per unit H&R is generating without Primaris since the spin off will be revealed in the Q1 report, and give us a better understanding of H&R's FFO multiples, payout ratios, and other projections going forward. +It’s been over a year since we began learning about DRS. According to the most recent estimates, this community has directly registered an estimated **70 MILLION** shares which is absolutely incredible to say the least. + +How did we manage to have 180,000 people do something they had never heard of before? **Knowledge.** DD. Education. AMAs. Meaningful discussions. Providing information and encouraging those to still do their own research and make the financial decision that they felt was best for their own investment. + +180,000 people opened ComputerShare accounts. Some decided to DRS 100%, some decided to DRS 50%, some decided to DRS a few shares, and others decided to continue holding in brokerages. **No matter what percentage someone decided to DRS or not DRS, that was their financial decision to make.** + +Personally, I first opened my account at ComputerShare last September. I didn’t transfer shares there, but I directly bought 3 shares because I was skeptical (but still wanted a few there *to be safe*). Since I first opened my account, I’ve initiated several transfers and DRS’d a large portion of my investment. I didn’t do it because of pressure, guilt, or being shamed; I did it because the more I learned, the more I wanted *my* shares held in *my own name*. + +Maybe those that didn’t DRS 100% or at all didn’t want to take a tax hit with their IRA. Maybe they are in a 401K. Maybe they didn’t want to have to sell their shares. Maybe they are still on the fence and doing more research. Maybe they want to stay diversified. Maybe they even really like their broker. Whatever the reason may be, it’s their **own**. + +**The division needs to stop.** Someone buying and holding GME is not the enemy. Someone buying and holding GME is not a problem. Someone doing their own research and making their own financial decision is not *insert any derogatory word*. + +**If you’re passionate about DRS, if you want to lock the float, then contribute in a meaningful way.** Share education, share knowledge, answer questions in the [DRS Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/)**,** be supportive. That’s how we’ve gotten this far. That's how there are an estimated 70 million shares directly registered. + +**There’s enough we are up against in this saga, we don’t need to add those holding GME to the list. This community is for every** ***individual GME investor.*** There’s no right or wrong way to hodl the stock; how someone chooses to manage their investment is and will always be their own choice. *Nothing on this sub is financial advice.* + +Bullying, shaming, and insulting someone does nothing but probably ensure that they are completely turned off to the idea of DRSing *and* participating in this community. That’s not the way... but you know what is? Sharing knowledge. Showing compassion. Being kind. Offering support. Engaging civilly. + +That’s how we win this. +Why did IRFC have such a lacklusture listing whereas as Indigo Paints is trading at abnormal valuations? + +IRFC is still a very solid enterprise with some pretty looking financials. + +In FY20, IRFC financed Rs 71,392 crore or 48% of the Railways' actual capital expenditure. The company’s revenue grew by 20% annually to Rs 13,421 crore while net profit rose by 26.2% to Rs 3,192 crore between FY18 and FY20. + +IRFC’s gross NPAs are nil as it has entire exposure to MoR. As per the RHP, the MoR has historically never defaulted in its lease payment obligations which is likely to continue going ahead. + +**Valuation** + +At current valuation IRFC's IPO should got listed around a P/B ratio of 1. Whereas, considering other NBFCs (even discounting for government intervention) it should atleast be trading at a P/B of 3. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 18 4:01PM:** + +Closing around 167, up 18.45%. What a great day! + +See you all tomorrow. + +**Edit 17 3:54PM:** + +18m of deep ITM Calls showing up. Possible tiny tiny dip at market open tomorrow? + +https://preview.redd.it/9b33how327t61.png?width=2464&format=png&auto=webp&s=d9bc582056b1d2e4c9debeac3b41501269db7c14 + +**Edit 16 3:17PM:** + +8 Million dollars worth of Puts. Unknown if it was bought or sold since it is Mid. + +https://preview.redd.it/avifw9ufv6t61.png?width=2463&format=png&auto=webp&s=219336c48d11a2f5fb4a9fbd31faa4f2de240abd + +**Edit 15 3:02PM:** + +Power hour stream: [https://www.youtube.com/watch?v=C14ZXYdl9h4&ab\_channel=WardenElite](https://www.youtube.com/watch?v=C14ZXYdl9h4&ab_channel=WardenElite) + +**Edit 14 2:39PM:** + +Larger volume on the 200 strikes. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/9ypei3noo6t61.png?width=2435&format=png&auto=webp&s=f35eb89ba2a43a59b9f91672fbe5999cff46d019) + +**Edit 13 1:54PM:** + +Starting to slip through the 162.5 support. + +https://preview.redd.it/51d4g06og6t61.png?width=2149&format=png&auto=webp&s=3014d3b89ca9ae0945e6f63056b3061bcd20fe68 + +**Edit 12 1:17PM:** + +\----------> + +Let's see if power hour gives us some more action. + +**Edit 11 11:34AM:** + +Get on stream! Won't be updating the post for a bit, things getting hectic. + +[https://www.youtube.com/watch?v=KGw9X0eu\_c0&ab\_channel=WardenElite](https://www.youtube.com/watch?v=KGw9X0eu_c0&ab_channel=WardenElite) + +**Edit 10 11:24AM:** + +171.5 likely. + +**Edit 9 11:21AM:** + +Options updates: Lots of new Calls rolling in. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/5p2bgf2ep5t61.png?width=2460&format=png&auto=webp&s=0759bfa9ccbd4af7381f7f4849b70e0265474657) + +**Edit 8 11:08AM:** + +171.5 perhaps. + +**Edit 7 11:02AM:** + +**We goin up.** Broke through the resistance of the wedge already. + +https://preview.redd.it/7al0cbdul5t61.png?width=2135&format=png&auto=webp&s=269734dcb45558efd78dcd8d2f09bfbea2a30a4c + +**Edit 6 10:59AM:** + +KEEP CLIMBING MOAR! + +**Edit 5 10:44AM:** + +KEEP CLIMBING + +**Edit 4 10:25AM:** + +More sideways trading zZZ. + +Couple small Call orders went in today. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/bh70wjrgf5t61.png?width=2487&format=png&auto=webp&s=1ced5fdc67525624aecaf0df7c9cca810bbb3385) + +**Edit 3 9:45AM:** + +Bit of a pullback with a hammer candle marking a local dip. + +https://preview.redd.it/4z1gp90885t61.png?width=2145&format=png&auto=webp&s=33e6a9e84e51f4589253b318bf8b055d84483925 + +**Edit 2 9:36AM:** + +Volume is enough to support this trend. Tested the 156.5 resistance. Possible room to go higher. + +https://preview.redd.it/agejolij65t61.png?width=2142&format=png&auto=webp&s=ce0449c59a98a6ef0876eb5fd12d2a89ff29d0a3 + +**Edit 1 9:31AM:** + +348k volume first minute candle. Another low volume day? + +# Begin Reading Here + +Gooooooood morning my space astronauts! + +Let's cut straight to the chase. + +We're up in the premarket. A bit overextended so don't be surprised by a small market open dip. + +https://preview.redd.it/ajlfps0g35t61.png?width=2139&format=png&auto=webp&s=fb77822227b2a5267ed43f7ab2da2ddb0da056e3 + +My gut feeling says that we're nearing the beginning of something big. This low volume will eventually go away and we'll some more wilder swings later in the week. Perhaps we can get a slow steady climb today. + +Stream: + +[https://www.youtube.com/watch?v=KGw9X0eu\_c0&ab\_channel=WardenElite](https://www.youtube.com/watch?v=KGw9X0eu_c0&ab_channel=WardenElite) +We need to win this. The cost of living is destroying families. Rent in my city was 2800 a month for a sh*thole. Rate hikes over the past year have been of the order of 500-700 increase and there is no end in sight. So now that janky dump of a rental is going for 3300+. People are still scooping them up because they have NO option. 50-60% debt to income on your f*cking housing alone. Not even talking $9 a gallon for milk and other insane grocery hikes. $5 a gallon for gas. We are so f’d. Politicians will never do a thing. Not one is on our side. They are only loyal to their donors who want us to just die. + +DRS and DSP your shares. When those c*cksuckers have to hit the lending pools it’s gonna hurt them really badly when they can’t locate enough shares especially when ETF creation is limited or even unavailable to them. +Buy far dated, high delta options. Light a god damn fire under their asses and force them to buy your damn shares on the open market by exercising. Generate as many FTDs as possible so that CNS is overloaded. We need to destroy their margin. + +Blood is in the water. 3 days of 100% utilization is telling. The scales are tipping and I want to see these bastards on TV crying to chumps like Sorkin and these other c*nts about how they lost it all and how mean retail is. I want Kenny’s plane just so I can send it to a chop shop out of spite. +I'm thinking the banks on the FTSE may be a good move (Lloyds is looking good!). Politically they can't afford another Northern Rock just now and would surely have to bail them out. I suspect Monday may be great for picking up some heavily discounted stocks. Anyone have any strong opinions? +A Big Pharma company that got millions of Americans addicted to oxycontin and 100,000s killed from overdoses? A chocolate company who relies on child slave labor in West African cocoa plantations? A fast food chain that gets its hamburger beef from devastated deforested areas of the Amazon? Etc. + +Serious question - are there any rating systems for corporate evil and/or investment funds that will allow for moral investments? +I am interested in getting into coins rather early to see some nice gains. Currently I'm in Raiblocks and Xtrabytes. Please let me know what you guys are eyeing, I'd love to research them and possibly invest. Thank you. +There were some comments on some posts stating gmefloor is just a counter. Ye no shit. + +Ken griffin who is one the lowest out of the hedge funds reportedly made 68,000,000 a MONTH *AFTER* taxes + +One shitty broker who are responsible for a 20 year old committing suicide, robinhood, turned off the buy button stealing peoples money, after all the evil shit they did, they get sued only 70,000,000 out of the billions they stole for the january shit. + +These already extremely rich pieces of shit steal the peasents tax money so they can use it for their yacht parking fees whilst alot of us are barely paying to live in place we dont even own, MONTHLY just to survive. + +Ive held for fucking a year and a half, to these shitheads who caused this, i wouldve settled for 1k in jan 2021, now after learning about shit like infinite loss potential, its now not life changing money, but WORLD changing money. + +This isnt a once in a life time opportunity, this IS the ONLY opportunity something like this will EVER happen in HISTORY of mankind. + +There are multiple dd that no one can debunk about the price which shows we should be aiming higher + +Be quiet with the whole "iTs uNrEaliStic, iM sEeiNg hOw hiGh It gOeS" + +With all the fud and the pathetic shills that we went through and the price drops it and the pathetic sellout mods, its "unrealistic" that apes were to hold on, but there have NEVER been a group that is determined resiliant, and who absoloutely dont give a fuck like us, because after ALL that shit and we are STILL GOING TO THIS DAY. + +This is why I have full trust that OG apes who have been here since begining wont be fazed at all by the price drops or <100,000,000 prices + +Edit: this post hits the 600 mark then suddenly gets downvoted?? + +You pathetic shills, just tell your master to accept they lost + +Edit 2: there is another post saying 1 billion is actually the floor. 100,000,000 is THE floor, yes gme counter is just a counter, but it represents how long they made us wait, which was something we held against them. That the longer they made us wait, the greedier we become. World changing money. + +Although there is lots of undebunked dd which supports the 1billion floor, thats his floor( infact there was a highly upvoted post also saying his floor was 1 billion citing a dd which no one could debunk) so good for him. That said + + 100,000,000 is THE floor +When Warren Buffett is asked "What is the best thing to invest in right now?" one of his standard answers is "invest in yourself". + +>In a 2017 interview, Buffett made a similar suggestion stating, "Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet." + +Buffett has also given examples of how he put this advice into practice: + +>by spending $100 early in his life for a public speaking course to overcome his fear of talking in front of others. The investment he made in himself enabled him to both propose to his wife and to sell stocks thanks to his newfound skills. + +He talks about investing in yourself all the time. One of my favorite versions: + +>“Anything you invest in yourself, you get back tenfold,” Buffett said. And unlike other assets and investments, “nobody can tax it away; they can’t steal it from you.” + +This weekend I wanted to see what everyone is doing to invest in yourself. Feel free to share success stories, future plans, or just brainstorms! +Hello everyone, + +I'm new to this subreddit and was wondering what the best brokerages are for investing in europe, if needed more specifically Belgium. I watch a lot of personal finance on youtube but they're all from the US. They have so many options like charles schwab, robinhood, acorn, webul... + +So I was wondering what the best option is for us in europe? My goal is to get into dividend investing, first I was just thinking about going with index funds like S&P500 but I like the dividend growth model. I just have no idea which brokerage has best value and lowest fees etc. + +Would appreciate all help on the topic :) +How does this compare with the government's and Federal Reserve's attempts to keep house prices artificially high? We need to learn from the lessons of the past if we want to solve our current problems, e.g. government bailouts don't work. +[https://www.youtube.com/watch?v=9nvuL0mevRk](https://www.youtube.com/watch?v=9nvuL0mevRk) + +For years, Lisa Bragança worked as a SEC Enforcement Branch Chief, where she led investigations into securities fraud, insider trading, market manipulation, and other trading practices. Now, she aggressively fights to protect the rights of businesses, financial professionals, investors, and whistleblowers. + +[https://secdefenseattorney.com/](https://secdefenseattorney.com/) + +&#x200B; + +Usually u/jsmar18 does these AMA's, but he asked if anyone would like to join him on the next one, after receiving feedback from someone saying it might be nice to have more than one host. + +Unfortunately he got sick the day before we had it scheduled😭, and I ended up doing it alone. + +Hopefully everyone enjoys it. Lisa is packed with information! She also HODLs GME! 💎🙌 + +# Some of the questions I asked were - + +Should there be more oversight of SRO’s? + +What are her thoughts about the ‘cost of doing business’ fines? + +What are the obstacles facing Financial Regulators? + +What does she think about Gary Gensler? + +What can we do to enact change? + +Why hasn’t the SEC turned off dark pool access? + +&#x200B; + +**She even stayed after we finished with the official AMA and answered some extra questions!** + +We were going to ask about DRS, but she was \*just\* starting to look into it. Lisa has done her homework because she tweeted this out a couple days after we talked to her. + +https://preview.redd.it/rp21iuh8xqm81.png?width=543&format=png&auto=webp&s=732831a8a3929a0b3f12bcbf7be67f1817f85c3c + + https://twitter.com/LisaBraganca/status/1500112055503888384?s=20&t=cq6ShR2FGVh5fjKrM946ng - link to tweet + +She followed up with this document to include in the post. + +" I am not saying the author is correct, but it does lay out the history of criminal prosecutions of businesses and the competing interests." + +[http://www.schnader.com/files/Publication/079ca3cc-0006-4aac-8a33-48da4cbb789d/Presentation/PublicationAttachment/78bd395c-9256-4aff-bc3e-a6945457649f/AinslieArthurAndersen6-06.PDF](http://www.schnader.com/files/Publication/079ca3cc-0006-4aac-8a33-48da4cbb789d/Presentation/PublicationAttachment/78bd395c-9256-4aff-bc3e-a6945457649f/AinslieArthurAndersen6-06.PDF) + +&#x200B; + +\* we'll get a transcript out as soon as possible! + +Thank you u/Luma44 for doing video edits! + +edit:added link to tweet + +&#x200B; + +&#x200B; +I have this question in mind too, that gets asked from time to time, "What do we contribute to society?". Many answers can be given to this, but please read on, this is not what I want to ask. + +What I'm curious about is how do other people react when you tell them you're a trader? Do you feel any backlash, any negative reactions at all? Or is it the opposite, do they think it's cool and interesting? + +**What is your actual experience living life as a trader? Does it affect how You relate to others, or how others relate to you in any way?** E.g. your friends, family and strangers. + +**It would be particularly interesting to see answers from those who had regular jobs or 'meaningful' jobs in the past, but now live off of trading full time.** Did you notice any changes in your overall psychology outside of work, and how you relate to people? Did you notice any changes in how you are perceived as a person? +Do you think it would be a very complex models with many many inputs, + +Or do you think it would actually be quite simple, as the ultimate complexity is simplicity itself? Maybe it is so simple but with just the right variables involved, like a BLT sandwich from the world's best chef. + +I wonder +Oil prices are getting progressively lower, Keystone pipeline is nowhere near enough to send Suncor and CNQ up 30%. No price war resolution in sight. + +Coronavirus peak is not close to coming. + +Q1 earnings are coming up = bloodbath for every company except grocers. + +Unemployment up a record rate throughout North America, will continue in the next few weeks. + +Quanrantines are continuing for another month at the MINIMUM = business suffers. + +*Other than pumping money into the economy and helping inflation skyrocket, there is literally nothing propping up markets right now other than FOMO. Those people telling you all this terrible news is priced in are the same people bagholding after buying when things were at all time highs. We will retest the lows of 2 weeks ago very soon. Maybe wont surpass those lows, but it'll be close. +People who have built their bungalows/apartments what lessons did you learn? + +What should we ensure to save ourselves from malpractices? + +What's the maximum a promoter can demand as transfer charges per sq.ft of the flat? + +What should we as buyers ensure in documentation to avoid getting cheated by the promoter? + +Can the promoter sell open parking spaces? + +&#x200B; + +If there are other questions that you need answer to, please post them on this thread. + +Let's share our learnings as purchasers +'Why don't you just move?' + +Often I see flippant suggestions that if somebody is encountering issues where they live - the suggestion is that they should “just move”. As a family of 4 who just relocated to Sydney from North Queensland, I wanted to give some insight into what the costs are when moving across Australia. I’m not saying people shouldn’t move, but I’m saying that if you think just moving around this country is a reasonable solution to people experiencing hardship, then you should read this. If you just want to see the numbers, there’s a table with the numbers as a TLDR down the bottom. These costs are not transferable to everybody’s moving experience, but it does detail the costs that we would not have incurred if we just stayed in North Queensland. The figure for us totals at over **$33k.** This does not include the loss of income potential people might experience in a new location and many other factors that affect the ongoing affordability of living in different places. + +My wife and I are both health professionals and we have two kids aged 6 and 3 (one in school, one in daycare). We decided to move because of an opportunity to rent a place for cheap in Sydney, where we have more family support which was sorely lacking in QLD. There are a lot of factors that contributed to the cost of moving that we simply didn’t consider, so I hope a few people gain some insight from this post. + +# The Move + +I finished work a week before moving because we had to pack our apartment as the sale was being finalised, and move to temporary accommodation which we were fortunately able to get for free. We lost $10k on the sale of our apartment on top of the $10k we sunk into renovations while we owned it. This is the nature of the Northern Australia property market, where the housing prices struggle to keep up with inflation rates. We bought the apartment off an owner who was making a $160k loss over 5 years of ownership, so I guess we were lucky… It wasn’t possible for us to keep the apartment, so like many others when they move, we had to sell. + +Since we weren’t working for that week, our period of lost wages began. My wife secured a job in Sydney, but I hadn’t yet. Getting schools, daycares, two jobs and a property settlement to line up perfectly was impossible, so we just had to bite the bullet. Removalists took the majority of our stuff to Sydney for $1800. We sold things that would be cheaper to replace off marketplace or gumtree than to move across the country, and also packed what we could into the car. Our drive involved 3 overnight stays and four days of driving. On top of the fuel and accommodation, we budgeted $50/day for food. Fortunately, I successfully interviewed for a job during our trip down and had a start date of 2 weeks in the future, resulting in a total of nearly 4 weeks of lost wages. For my wife, it was just over two weeks of lost wages. + +Once we arrived, we got to work buying school uniforms and replacing items we had gotten rid of before moving. We had to register our car in NSW and buy new plates. We had to buy winter wardrobes since our North Queensland clothes were completely unsuitable. I was able to do this mostly at op shops since I hadn’t started work yet, which significantly reduced the cost. We needed warm blankets, boots, thermals, raincoats, jumpers and beanies for the kids, who are both asthmatic and need to keep warm to avoid getting sick. + +Additional cost: As my wife and I worked publicly in QLD as health professionals, our best bet of getting jobs was within NSW Health. To work with NSW health, you need a Working with Children’s Check (WWCC). These must be applied for in person, cannot be done online, and for NSW Health employees, these must be attained prior to employment, unlike private health employers in NSW, where the QLD children’s check can be used for up to 28 days while a NSW WWCC is being attained. This meant we each had to fly to Sydney just to walk into a NSW Service Center and sign an application form. Bewildering, I know. + +I’m probably forgetting a lot of other incidental costs that came along the way, but hopefully more people appreciate how difficult and costly it can be to move around this large country. This is especially so for families who are feeling the pressure of this cost of living crisis more than anybody. + +# TLDR -- This is the table detailing our costs: + +|**LINE ITEM**|**COST**| +|:-|:-| +|***Moving and travel costs***|\~| +|Removalist|$1 800| +|Furniture replacement|$500| +|Car service and tyres|$792| +|3 night accommodation|$366| +|Fuel|$400| +|New car number plates|$60| +|Food while travelling - 4 days x $50|$200| +|Winter clothes for everyone|$300| +|School Uniforms|$100| +|Property cleaning on departure|$500| +|SUBTOTAL|$4 958.00| +|***Lost Income***|\~| +|My lost net income - 18 business days|$4 163.05| +|Wife's lost net income|$1 841.90| +|SUBTOTAL|$6 004.95| +|***Real Estate loss/expense***|***\~***| +|REA Marketing fee|$3 500| +|REA Commission|$10 543.xx| +|Loss on property|$10 000| +|Conveyancing|$450| +|SUBTOTAL|$20 993| +|***WWCC Trips***|***\~***| +|My flights + accommodation|$488| +|Wife's flights + accommodation|$769| +|SUBTOTAL|$1 257| +|**TOTAL LOSS**|**$33 212.95**| +Which would have seemed insane to me 2 years ago but it feels so good to be in a position that I can actually turn down jobs that seemed unreal to me before. + +My current job pays $15 an hour plus I average 4 hours of overtime each week, so after doing the math I realized I would actually be taking a slight pay cut if I took the new job working a straight 40 hours a week. Factor in that I would be driving more than twice as much plus an unpaid lunch vs getting a paid lunch now and I'm actually better off where I'm at. + +Just over 2 years ago I was working for minimum wage, 6 months ago I was unemployed completely after getting laid off and borderline suicidal. I stopped smoking weed so I could get my current job, which was really hard for me but proving to be worth it. I guess I'm posting this just to say that things can always get better when they seem the worst and to not give up hope even when things seem hopeless like I almost did. +This would create major, major headaches throughout the year. + +DFV was right: **We are not locked in here with them. They are locked in here with us.** + +I wrote a post which unfortunately got deleted for wrong reasons, I hope it gets undeleted, where I elaborate on that thesis. + +Somebody pointed out that ATM puts are being used to suppress the price, this is expensive and only works temporary. + +I expect this to go on over year's end so that they can minimize short losses on their balance sheets. +I recently purchased 2 30lb bags of Meow Mix online (bulk purchase = free shipping) for about $40. I heard later about the recall but my order had already arrived. I called Walmart to ask if this batch was impacted by the recall, they didn't know so they refunded me the full amount and told to to keep the product. Doing further research my batch wasn't impacted. So I've got that going for me. + +Here is the recall info in case you need to check. + +https://www.meowmix.com/cat-food/faq/information + +>We apologize for the concern this will cause pet parents but two specific lots of Meow Mix® Original Choice Dry Cat Food are being recalled due to an isolated incident of potential salmonella contamination. The Company has received no reports of pet illness or adverse reaction and has issued this recall out of an abundance of caution. The impacted products were sold at select Walmart stores in IL, MO, NE, NM, OK, UT, WI and WY. No other Meow Mix® products are impacted by this recall. + +>We encourage pet parents to use the following information to determine whether they have impacted product in their possession: + + + + +Meow Mix® Original Choice Dry Cat Food 30 LB Bag , UPC 2927452099, Product Size 1082804, Expiration 9/15/2022 + +Meow Mix® Original Choice Dry Cat Food 30 LB Bag , UPC 2927452099, Product Size 1081804, Expiration 9/14/2022 +What’s your work from home office setup? And I use “work” loosely. I’m looking to upgrade my home office for work and play and looking for some ideas! + +Standing desk is definitely on the list. +I thought I'd just make this post as I often see people feel that they're behind because of their salaries. I know that subreddits such as this one will tend to attract the extremes on either end. You'll see posts from people in lots of debt, to people who made a fortune from Bitcoin, to contractors charging £500 per day etc. I thought it'd be nice to make quick post showing some of the percentiles for pre tax income in the year 2017-2018, so you can have a more realistic, accurate representation of your income versus other people's, compared to selecting yourself against the 21 year old on a 43k base plus 17% bonus. + +As always, before reading on, remember that comparison is the thief of joy.. + +Although I am essentially showing a comparison, I am hoping that it is more realistic and reassuring for you compared to the typical comparison you may make (ie, my examples above). + +If you earn... + +around £24,400 you're in the 50th percentile + +around £30,000 you're in the 64th percentile + +around £40,000 you're in the 79th percentile + +around £50,000 you're in the 88th percentile + +around £60,000 you're in the 92nd percentile + +around £70,000 you're in the 94th percentile + +You get the picture. Just to earn £40k, you'd need to be doing better than about 80% of earners. So when you see people on these salaries pop up all around these forums, just remember that they are very much the exception, not an average. 1 in 5 isn't that crazy, but it is still only 20% of us at the end of the day. As you can see above, earning £50k puts you in the top 12%. To ever get to £100k would put you in the top 3% of the country. Really, only 5% of people earn over £75k! + +Of course always strive to increase your skill set and earn more money etc, but don't become despondent and unfairly compare yourself to others! + +&#x200B; + +I got all the data here: [https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax](https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax) + +Again, this is 2017-2018 so a few years behind, but I'd imagine the situation will look relatively similar, +I'm looking at buying a SFH with multiple bedrooms. I'm planning on renting out two bedrooms to my sibling and friend. They will be paying market rate for the bedrooms. Should I report the money I get from them as income so that I can count my home as a rental property and get the associated tax benefits? What are the advantages and disadvantages of that? I'm already at the 32% federal tax rate from my W2 income so the tax implications seem like they could matter a lot. +His reasoning is that it will boost my credit and increase my likelihood of getting approved for a mortgage in the future. + +I've only recently begun building credit (713 currently), from a small student loan ($1.5K) and monthly credit card payments. Is he correct by saying that I will experience future difficulty if I don't have a significant loan/repayment on my credit history? + +Say that I can find 0% financing - should I keep my car payment in an HYSA and just make the monthly payments? + +Edit: I didn’t expect this to get as many responses as it has! Thanks for all the feedback all - once I’m off work I have a lot to look forward to reading. +**EDIT:** *Thank you all very much for the advice, more than I could have hoped for. Those of you with similar situations, thank you very much for your honesty; the experience is invaluable.* + +Recently, my parents announced that they had opened an account for my 3-year-old son that will grow $28,000 annually (the maximum non-taxable gift amount between both of them), effectively paying for college and giving him over a half-million dollars to do with as he wishes once he reaches adulthood. Additionally, my father stated that my son (and any additional grandchildren that may come from my siblings or me) will be the "primary benefactors" to his enormous wealth. Which means that there is a strong likelihood that he will have access to tens of millions of dollars when he grows up, if not significantly more. It sounds like their intentions are to make this money available to him at the outset. + +How do I teach my son modesty in the face of what's to come? If I don't tell him until he's almost old enough to receive it, he may resent the deception; but if he is made aware of it at a young age, he may develop a superiority complex or even collapse under the weight of the overwhelming circumstances. I don't want to raise someone who thinks he can "have it all" without earning it, but that doesn't change the fact that that is his apparent new reality, at least eventually. + +I'm still wrapping my head around all of this, so I apologize if I don't sound very coherent. I'm not sure what kind of advice can be offered, but any input would be greatly appreciated. He's young enough that we have time to carefully consider how we will handle this, thankfully, but it feels like the pressure has suddenly gone up dramatically. + +*Edit - corrected the college fund amount, it's $28,000 ($14,000 per parent) annually, not $14,000.* +I was born into poverty. Grew up with free school lunches and food stamps. Once I reached adulthood, it was many years of therapy, doctors, and wasted years trying to find a balance within myself to overcome childhood trauma. + +Two months from my 34th birthday, this last Friday, I reported my new income to DSHS and will no longer recieve food stamps. I also signed on to my new job's medical insurance. + +I am gainfully employed (only because I live VERY humbly) with a credit score of 730. No debt other than a car loan and two credit cards that I monitor and pay off monthly. + +It's something I felt like celebrating, but still feel a bit of shame about how long it took me. This sub has always been great and given me a good push. + +Thank you all. ♡ +Sup Apes + +not financial advice, I am very retardeded + +tell me I'm not the only one overly jacked... + +I know I'm not. + +The energy here has been off the chain and I'm here to get you even more jacked up for the days to come. + +Buckle up, play this crank ([Non negotiable](https://open.spotify.com/track/57JVGBtBLCfHw2muk5416J?si=1422765a5d7f44b7)) and let's dive in! + +I guess the first area I'd like to draw your attention to would be the cyclical nature of GME, but more importantly the WAVVVEEESSSS + +I don't really know where to begin, I guess I'll start with the day to day price action. Many people including myself expected today to be a very green day, simply based off the cyclical nature of GME. To keep it simple, here's this visual once more: + +&#x200B; + +https://preview.redd.it/wma4mu85uzk71.png?width=2784&format=png&auto=webp&s=ac63fea99b715e0ff267244067657216a10bc268 + +I'd honestly argue this cycle is more similar to mid Jan (shoutout the apes that were around back then). Just compare the candle structures and it's a pretty compelling argument: + +&#x200B; + +https://preview.redd.it/gfz7qqohuzk71.png?width=2770&format=png&auto=webp&s=f1ff9f28e6d1ca284a0f00a7cd503bfe655c5eb6 + +So yea, the picture says it all imo. Let's talk projections for the coming days. + +Also, before you hit me with the "TA dOeSn'T WoRk" I leave you with this + +&#x200B; + +https://preview.redd.it/bnblophtuzk71.png?width=1172&format=png&auto=webp&s=5ae26c4f9ae8db0be58f54421d535a2e9b3bf9f9 + +[one of my proudest calls](https://preview.redd.it/kmjslhzfwzk71.png?width=2032&format=png&auto=webp&s=19e0036e3b0c00317213e73d67bed37457b0fd65) + +Anyway I'm gonna try to project what I think will happen price action wise over the next few days, starting with today. + +2 possibilities but I'm taking the short term bear case (into tmr). With EW, your A and C wave usually have a 1:1 fib relationship, though wave 2 also targets ideally the .618 retrace of the wave 1. That being said, today could have very well been the bottom of a wave 2 of 5, but I would like to lay out the possibility that we have more downside into tomorrow (not that it even matters) + +https://preview.redd.it/xmxusbwqxzk71.png?width=1072&format=png&auto=webp&s=3c6d379319604d66a39696573b65788ada6f27b0 + +1:1 comes out to 202.57 and .786 retrace comes out to 203.02. I'd assume if we open red tomorrow we would bottom around 202.5 and then it's off to the races. + +Now let's just assume the bottom isn't in (could very well be in but I love my 1:1 fib relationship). Let's project the targets of this wave 5, and this is where it gets really interesting. + +This visualization is assuming all common ratios are hit. + +&#x200B; + +https://preview.redd.it/vjplx9r6zzk71.png?width=2762&format=png&auto=webp&s=097fb1c67cd51cf534c5b5b4f6b8c431ba8a90e7 + +HOLD UP. + +Who remembers my 288 target? + +https://preview.redd.it/vd15b0slzzk71.png?width=2764&format=png&auto=webp&s=46993555d1418350618805935e26a16de9a1a1e4 + +I've said this before but I'm a little drunk so I'll say it again for the people in the back. We are currently in a wave 3 of 3 of 3 (i'll attach my full count below), but often times, the wave 1 **within** a wave 3 targets the .618 extension of the larger wave 1. + +https://preview.redd.it/c3lrxqmu40l71.png?width=2758&format=png&auto=webp&s=c1bd6021aacd586079547e7c427ef5de5fd6fdf9 + +&#x200B; + +Isn't it crazy how this is shaping up? I fucking love fractals. + +So yes, I still hold my 288 target, but with this outlined price action my conviction got a lot more, well, convicted. + +The 5 waves within the current wave 5 are targeting 280-291 (Assuming we drop to 203 area tmr before starting to launch). if we DON'T drop tomorrow (very very possible) then the targets are ajusted by about 8 points, so 288 and 299 respective targets. + +Will make a DD later going over projections after this 288 level is hit, but in EW, wave 2 is a sharp retrace, so after 288 it is very possible we see a steep retrace, but we simply don't know yet. Could be an ABCDE correction instead (think triangle) but again, we just don't know yet. + +It doesn't even matter in the grand scheme of things, idk about you but I know where I plan to sell, and that price consists of 2 commas. sooooo, basically, no cell no sell for me. 40 milly a share or bust. + +Really quick before I go, let's take a look at the option chain. + +https://preview.redd.it/4gs3qw9s00l71.png?width=1648&format=png&auto=webp&s=8b69721686f9f12f10dcf2a4d083bb833200483a + +LOOK AT THAT VOLUME! gamma ramp anyone? volume is on the left, open interest on the right. + +these are only friday exp as well. + +shorter post because i don't even know what else to cover, I basically transcribed a video analysis I did. If that's your thing, I encourage you to check it out. It will 100% make my posts easier to follow: [https://www.youtube.com/watch?v=wxnwhN2VlYI](https://www.youtube.com/watch?v=wxnwhN2VlYI) + +&#x200B; + +LETS GOOOOO + +TLDR: if low isn't in today at 209 area, watch for 202.5 ish for low tomorrow. From there, 260 to 240 to 288 ish. Targets line up, tits are jacked, body is ready. Thanks for reading 🌊 +I (35M married with 1 kid) am writing this post with tears (of gratefulness and joy) rolling down my cheek. I just paid off my primary house. I was doing my net worth spreadsheet and realized that we have just crossed **2 Million dollars** in net worth. I wanted to share my story as I reflect on the past. + +**0-9 years: Absolute Poverty** + +Born in poverty. We (6 people) stayed in a 200 sq ft. [chawl](https://en.wikipedia.org/wiki/Chawl) (one step above slums) in Mumbai. 60 families shared 8 toilets. YES! Mom and dad slept in the kitchen (for privacy) and me, my younger brother, grandparents slept outside. + +**9-13 years: The High** + +My dad was a stock trader and lucked out during these years. He essentially 40x his investments in these years. He bought a 2 bedroom flat in an awesome (upper middle class) location fully paid off. I made some really nice friends who motivated me to study, get good grades, guided/mentored me. This was game changing in a way. + +**13-23: The decline** + +This is when things got bad for my dad and he started losing money. He lost everything he had in the 2 years and from then he kept borrowing money. He borrowed money to pay existing interest. Things were super tight. I became unbelievably frugal because of this. I DO NOT SPEND MONEY because of this. This period scarred me beyond imagination. This is what burnt the desire to FIRE in me. I really wished to make my life "Money independent" from this point onwards. Everyone in the family is scarred because of this experience. Dad got diabetes. Mom has a passion for travel. She felt super stuck and helpless as we could not travel anywhere. She started doing jobs and side business (tutoring) to fund her passion for travel. + +**Jan 2009: Rock Bottom** + +I had finished my undergrad. I had enough of this and decided to take things in my hand. Out of all the options I had, I decided to pursue coming to US for Masters as my way to get us out of this horrendous situation. I got admits from decent schools (top 15 universities). But we did not have the money to pay the fees. My dad helped with borrowing some more money ($10000) for the first semester. We did not know where we were going to get the rest of the money from. I come to US. 1st semester I worked like crazy. Took 5 courses. Got a 4.0 GPA. Then comes January and time to pay fees for the next semester and I had nothing. This was the longest month of my life. I tried and tried anything and everything I could, cried like crazy. I don't see a way out. I dint have money. My family was running out of money, as no bank would give them more money to borrow. My dad owed about $60K in high interest debt in India. Finally, he decided to sell our house (worst timing to sell). Stock market is crashing as well. + +**Feb 2009: Hope** + +I had knocked on every single door of all the buildings (yes ALL!) offering my resume asking if they needed some help. After a lot of hard work and sheer brute force, I finally had my GOD moment and was offered a teaching assistantship. With that, I would get $1600 monthly stipend and no tuition fees. My monthly expenses were $500. My dad sold our house and paid off the debt. They moved into a rental. I was supporting them by sending $500/month for their expenses (rent, living expenses, brothers education etc) and saving \~$500/month. + +**25-35 years: The rise** + +US is truly the land of opportunity. I am truly grateful for having landed here. I graduated. Found a job. started with salary of 80K/year in 2010 and currently at $350K/year. + +EDIT: + +Fire Net worth journey since last year: [https://imgur.com/a/ixbXVR3](https://imgur.com/a/ixbXVR3) + +Also: Note We went from 1M to 2M in \~1 year. CRAZY! + +Tech worker in Bay area. Benefitted massively from real estate appreciation and tech stock gains. + +2011: 92K (Bay area) + +2012: 97K + +2013: 102K + +2014: 106K + +2015: 135K (job change) + +2016: 160K (job change) + +2017: 240K (job change) + +2018: 265K + +2019: 310K + +2020: 350K (currently) + +**Current Situation** + +**Paid off house:** \~550K + +**401K and IRA:** 500K + +**Stocks + Cash:** 1M (SPY, VTI + few individual stocks (15%)) + +**Expenses:** 30K - 36K. With a paid off house, we live a pretty comfortable life currently. The expenses will go down even more when my son starts going to public school. + +I enjoy what I do. I am a manager. Job is relaxing. I work 4 days a week (officially). Don't work more than 5 hours a day. Not planning for another kid. Drive a used 2010 sedan. House in an excellent school district (10/10). I consider myself as being Financially Independent (or close to it) at this point. Planning to buy a rental property (full cash) soon which should give us about 2K/month in passive income. + +EDIT Note: I worked my butt off in the early phases of my career. I used to be a workaholic from the fear of losing my job, layoff etc. There was just a lot of insecurity. The best way that had worked for me was to work HARD. As I am closing in on my FIRE target, I have started prioritizing fun. I am at this point where I have enough goodwill and trust built up that I am able to work 20 hours a week and still get paid what I get paid now. + +With this post, I mainly wanted to share my journey. Hoping that it gives a ray of hope to someone who is going through a dark time in their lives and thinking that they would never be able to FIRE. I also have a few questions: + +1. I really really want to buy a Tesla (60K) but the frugal part in me does not allow me to buy it. Has it happened to you? Do you think I am in a good situation to buy one? +2. For most of my life I had been in a situation where money was my goal. Now that I have enough, I do not feel motivated and do not know what to do with my life. Almost feels like my life has no purpose or trying to find a deeper, non money related life purpose. Has someone gone through a similar experience after being FI? +3. Passive Income > Expenses: Really want to work on making my passive income from dividends, rental income (WIP), Amazon ebook, App Store etc. greater than my expenses. How have you gone about doing this? + +&#x200B; +A lot of people (including my parents and me) suffered after 2008. We often hear ppl losing everything and getting set far back in lives. What we DON'T often hear, are people who loaded up in 2008. Regular average people. Those with small savings. Be it stocks or the housing market (which experienced a trailing small crash 2 years after). Those folks got literally everything on a massive discount. + +Think about it from that angle. If I have SOME money saved up now and it were 2008 again, I would be fkin ecstatic. Because after 4-5 years I would gain 1000% easily. And that's not even going into real estate. + +Also, recent example of last March will confirm my point. I made huge gains from it. I only bought Costco, Etsy and HomeDepot. No technical analysis. No charts. No graphs. Nothing. They were on sale and I assume people will be using them during the pandemic. Average intelligent move. There was no depth to it. + +And even if you don't maximize your portfolio, literally buying any stocks on the dip will make you money in the long run. You can be dense and still make money. + +So chill tf out. The dip IS AN OPPORTUNITY. It's a fking GIFT. + +We're all familiar with "buy the dip". Well, here's the same principles with a minor tweak "buy the (big) dip". + +There are 3 things for certain: death, tax and the stock market going up in the long run + + +EDIT: Based on some of the replies I have to clarify. I am by no mean saying "THIS IS THE CRASH!" or "DON'T INVEST. ONLY DO SO WHEN THERE'S A CRASH!". I'm merely saying how you should REACT TO/FEEL ABOUT these events. View them as opportunities rather than disasters. +This is coming from someone who works out 2-3 times (Edit: not super intense workouts) a day 6 days a week. + +I some how pinched a nerve in my back and I haven't been able to walk for just 1 day, had to crawl to the bathroom. It's very humbling and you don't realize things until you can't do it. + +All the FIRE goals are kind of meaningless if you aren't in decent physical condition. Not just work out ,but properly make sure you eat right, sleep right, stretching etc. As a bonus that'll also decrease you healthcare costs. Don't neglect those in your goal for FI or after you reach FI +*disclaimer: This sheet has no script, no hidden cells, no hidden formula.* + +Quicken user for 20+ yrs. 2 months ago, my 2016 Quicken was expiring and I decided to develop a spreadsheet to replace Quicken. My sheet has been working great for 2 months so I've decided to share with the public. Obviously, I had to remove my personal data. And I also removed several complex functions so that anyone can understand the core formulas and modify to suit their needs. + +**Link to bare bone version:** + +https://docs.google.com/spreadsheets/d/1rt14NzYB3OcZ2jLqnJAp3YkhV7R25ipjjkQiyVVmBfs + +This basic version has 5 tabs: + +1. NET WORTH (or account balances) +months in rows, accounts in columns + +2. INCOME EXPENSE +months in rows, categories in columns + +3. PORTFOLIO (# of shares, prices) +months in rows, securities in columns + +4. Data1 (for entering bank/CC/loan transactions) +columns: account, date, payee, category, amount + +5. Data2 (for entering investment transactions) +columns: account, date, type, symbol, price, shares, $ amount + +**How it works:** + +Enter bank/CC/loan transaction data into "Data1" and investment transactions into "Data2". (This copy has a fictional example for demonstration. See #16 below to semi-automate data entry.) + + +Then the Google sheet auto-updates the 1st 3 report tabs + +"INCOME EXPENSE": Pivot Table calculating how much you spent on each category, each month +"PORTFOLIO": =sumifs(shares, security, date) calculates how many shares you own at any given month. Then =googlefinance() pulls historical end of month security prices. Multiplied by # of shares to calculate the value for each security, each month +"NET WORTH" =sumifs(amount, account, date) calculates end of month balances for every account + +**Additional functions/features** (You may add the following to this basic version. I'm not willing to share my full version with these features because of privacy. But I'm willing to explain how to add these features below. Just ask.): + +1. "Dashboard" tab to display the current account balances, line/bar/pie charts for portfolio value/spending/asset allocation (similar to Quicken homepage) +2. Double clicking a cell in Pivot Chart creates a new tab displaying only the corresponding transactions +3. "Running balance" for account reconciliation +4. Use "filter" in pivot table to exclude unwanted categories such as "Transfer" in spending report +5. Accrual-basis accounting (vs cash-basis). For example, tax refund received on 4/15/2019 should be recognized as for year 2018 (not 2019). +6. Expensing a large item purchase (eg. car, property tax) over time (vs lumpsum expense) +7. Split transaction (eg. mortgage pmt = interest expense + principal pmt) +8. Recognize gross income (vs net income) +9. Dividend/capital gains income +10. Cost-basis, unrealized capital gains, dollar-weighted return +11. Asset allocation (eg. Stock vs Bond %) +12. Data validation (selecting field from a list) +13. =importrange() (useful if your data becomes too large) +14. =iferror() (to hide #N/A results) +15. Excel doesn't support =googlefinance() to pull historical prices. As of now, Excel can only pull current information instead. This will not help with calculating the portfolio value as of 3/31/2019. To use Excel, consider using the last recorded price or a 3rd party add-in. +16. Download transaction CSV files from websites and copy/paste data (vs hand entry). If you are willing to share passwords, consider mint, tillerhq to import data. +17. Learn how to convert QIF to CSV, if you are migrating from Quicken +18. Sort transactions in descending vs ascending date order +19. Conditional formatting based on account name in Data tabs +20. Use "Define named range". For example, use "dates" instead of "Data1!$B:$B" in commands. Easier to refer and debug. +21. Use Google Form to enter transaction data at point of purchase. + +Let me know if you want to know more about these with examples. + +**update1**: There are no hidden commands. To be transparent, I removed blank rows/columns and conditional formatting. Also use Ctrl + ` keys to see all the commands. Just add more rows/columns, as needed. + +**update2**: Some requested an XLS version. Today, I attempted XLS version from scratch but faced 2 setbacks: +1. Excel doesn't have a built-in command to pull "historical" stock prices, which is needed to calculate the portfolio values for a given date. Possible solutions: a) use Google Sheet to collect price data and copy paste manually. b) use 3rd party add-in or VB. +2. Excel doesn't automatically update Pivot Table. After entering new data, one must manually "refresh" the table. https://support.office.com/en-us/article/refresh-pivottable-data-6d24cece-a038-468a-8176-8b6568ca9be2 To automate this, one can use macro, which comes with its own risk. + +**update3 (7/9/2019)** Added a Net Worth chart at the request from https://old.reddit.com/r/financialindependence/comments/cb0gyt/graphing_net_worth_investments_contributions/ +*Title Correction: Tax Refund lol + +Hello! +So this is my situation: + +I just received my refund of $7200. (Never even got a refund before in my life so this is potentially life changing for me) Also my credit score is around 653. + +I currently have a loan out, only a few months old and the balance is $6,919. + +I also have a credit card with a balance of $929. + +I have a car, an '07 Ford Escape that needs new tires, the power steering isn't great (difficult to turn the wheel) and lately the lights stay on cuz the sensor thinks a door is open when it isn't so the (new) battery is slowly draining. That being said, as much as I enjoy not having a car payment, I could really use a new SUV (I'm a single mom and musician so I need something with enough space) + +What moves should I make to help my credit and car situation? + +(Should I pay off the credit card, get new tires and car checked out and pay off what I can on the loan, and deal with this old car as long as I can til I can save up for a down payment?) + +Thank yall kindly! +This is a long one but in my defence I've been planning this post for a while but was waiting until things actually started improving. + +I've had my reddit account for a little over 3 years, discovered this sub possibly a little over a year ago. Became obsessed with finance and managing my money ever since. Not in terms of investing etc (that will probably come later) but budgeting. + +Just want to firstly say that I am a shift worker and as such have variable pay so some pays I will have more or less and this is why budgeting for extra debt payments is most times unpredictable. + +I have been paying off debt slowly since 2015. I wanted to turn things around in July this year because I'm sick of it lingering so made plans to 'aggressively' pay down what I calculated at the time to be around 14k (spread over two personal loans (one big and one very small), one credit card and one store card). + +In July I owed $343 (of $2100) on the store card and I have paid that off. I get paid fortnightly so that frees up $50/fortnight (repayments). + +The smaller of the two loans, worth $1800, is down to $800 and next pay (I've been working my ass off) I should hopefully clear the lot. Fortnightly that will give me an extra $92. + +I stopped salary sacrificing post-tax money into super last October and set myself a time limit of a year; this saved me around $120/fortnight and I have since restarted sacrificing however have made them concessional (I didn't realise I was making post-tax payments). + +Thanks to this sub I claimed the payments at tax time. + +In June I cancelled my home internet because I live alone and couldn't stand paying $65/month for internet whilst adequately living off my phone data. I upgraded my phone and also upgraded my phone plan to one that costs $105/month which gives me 200gb of data which is more than enough. Since I got this new plan I had about $240 owing on my last phone so I've been paying $80 extra on top of the $105 to pay that off and I have made that last payment so from next pay I will have freed up another $80 (not to forget the $65/month for the internet). + +I cancelled my home contents insurance (I rent and yes I am comfortable without it), saving $35/month. + +I was paying for top-level health insurance because I had braces but now thats over I don't need unnecessary cover for hip replacements, dialysis and breathing machines (I'm almost 30) so I downgraded my cover from $86/fortnight to $44. + +I was paying $110/fortnight (!!!!!) for F45 which I did love but I had no trouble letting it go. There are so many free apps that provide workouts and plus, walking is free. + +In total I have freed up $768/month. The only debts I have now are the larger personal loan worth 5.5k and my credit card worth 6.5k. With this free money I want to just get rid of all of it. I had forecast to have the credit card paid off mid-2021 with monthly $400 payments but with my budget overhaul I will be able to have it paid earlier. + +I am only just finishing paying off the budget changes (phone etc and I had to pay an early termination fee to cancel internet) so I haven't been able to apply those savings to extra debt payments yet but since July I have only paid down $2000 😩. I guess it's better than nothing but I'm definitely feeling the 'progress is slow'. I've learned it definitely takes time to turn things around and that it costs money to make/save money (paying termination fees etc to cancel things). + +I have no memberships or subscriptions; not to cost-cut but because I have never had Netflix or anything so it's always been that way. + +The only bills I am down to is rent, health insurance, car insurance and phone. Feels good to have financially 'decluttered' debits from my account. + +I have a 12-year-old car that I bought new; I took it to get the airbags replaced last week and of course got enticed by the new cars and so test-drove one. I mulled over whether to upgrade for a week to let the spontaneous excitement subside and I decided not to buy as my car runs perfectly fine and there's absolutely nothing wrong with it. Another decision helped by this sub because I am ABSOLUTELY CERTAIN without what I've learned from here I would definitely have bought the car. + +I love minimalism and living simply. I am 30 on Wednesday and I am a totally different person to 20-year-old me who thought having 20 Dior lipsticks was when you made it in life. I never in my wildest dreams would have ever thought that having 'nothing' (compared to what I had) would make me feel so satisfied and it has done absolute wonders for my mental health (I've learned a lot of people say this as well). I love only having what is needed to live. + +I have been in the same job since I finished school (landed it unexpectedly) and my mum - who worked at a bank at the time - pressured me into salary sacrifing into super from day one so that is how I have amassed an almost-115k balance. My parents didnt teach me much about money but that was one move I'm grateful I followed. + +If you've read this far, I just want to say a huge thanks for helping me learn the basics from scratch and for motivating, inspiring and teaching me to turn things around. I've even made a spreadsheet with a budget. + +Here's to 30. 🎉 + +Edit: STOP THE BUS. Some kind redditor friends gave me some awards, I just wanted this post to say thank you 😭😭😭😭 THANK YOU KIND STRANGERS I wish I could buy you all a drink with all my extra dollars!! +I'm going to make this as quick and easy to read as I can on what has happened this week and what next week holds. + +We are T +14 from baby squeeze anniversary. + +There is a heavy amount of 50 cent ($0.50) put options expiring next Friday. The reason they are non stop shorting and dipping the price as hard as they can is to simply cause less pain for the boat loads of liquid cash they are about to lose next week. Every penny closer to the 50 cent mark saves them money. Next week is a short week. (4 day market week) + +As we all know at this point HEDGIES R FUKT. They know they are FUKT and they now we know they are FUKT. What has been done now in the world of PUTs is a massive amount of PUT options in the $160 - $320 range. A massive PUT wall because as those OTM (out of the money) 50 cent options expire EDIT: ***proving worthless, theoretically causing a ton of "potential shares" on their books to poof, potentially*** triggering upwards movement. This may be the last day we see the price this low again. + +Last thing is the $118 trampoline line. When the price was in the range of $118 from 2/21 - 4/21 it was a T+2 bounce line for huge price correction UP. We hit this line yesterday as the shorted the ETF's holding $GME. They continued to short today but Tuesday will most likely be a very crazy UPWARDS correction. History repeats itself. + +Expect next week FUD to be at an ATH. Huge waves of price corrections and more media saying we were wrong and advertising that we are selling. We all know this is not going to be the case. Apes are going to diamond hand until we see 2 things Hedgefucks... +1) Our floor price is a phone number, until it gets there you will not cover, close or own a single share. You wont own a single share ever though because +2) No sell until you're in a cell for fucking over the 99% for generations. + +HODL strong apes. Keep eating this tasty dip. BUY, HODL, and DRS and most importantly have a relaxing weekend. + +(This is not financial advice.) +Getting fucking blown apart the last two days... got my TQQQ 1/21 65-62.5 PCS demolished, opened when TQQQ was trading at $72. Same deal with my IWM 2/18 200-193 PCS opened back at $217, 10 days ago... + +even my “safe” positions like QYLD, SPHD, MSFT, and NVDA are getting pummeled... + +Any strategies that are helpful given the current market conditions? +I am a shift manager at KFC. I am paid $17/hour. For three paychecks (I am paid biweekly) I did not realize I had been getting paid $15/hour. They have now since fixed it, but are putting the blame on me for not catching their mistake sooner. My district manager told me they will not pay me for those three paychecks where I was receiving the incorrect rate. + +Is there anything I can do? I am cautious of contacting Human Resources. I was advised to keep as big of a paper trail as possible. + +EDIT 1: Appreciate all the responses. Sorry if I didn't respond to everyone, but I read every single comment in the thread advising me. Thank you very much. + +EDIT 2: Have emailed HR with my paystubs where my pay was incorrect, officially requesting a back pay of the amount I am owed (in gross amount), as well as providing as many dates and documentation as I possibly could. HR said they will investigate and I am now awaiting a response. I also well aware that I may lose my job over this, thank you for the concerns everyone. Will begin to look for new jobs. + +EDIT 3 / Final Update: Thank you everyone for the help. HR called me this morning. They apologized and said they spoke to all the parties involved (the same people who said they couldn't do anything...) and that "they don't know how that happened." Said I would be receiving a complete back pay of everything I'm missing on my next check. Everything is closed to being resolved, gonna send a follow up email detailing everything that the HR spoke to me about so I can keep it on record. But safe to say, I think I got the justice I deserved. Learned a lot of life lessons from this thread, thank you once again! +Whats your opinion? What would be the best dividend paying ETF to buy on interactive brokers? + +Im only buying stocks, but recently Im thinking of buying some etf-s. +Found another Citadel violation this afternoon. Failing to withdraw their status as a 'market maker' for symbols subject to corporate actions and short-sale bans. + +We're now up to 61. The total was 58 when I wrote Citadel Has No Clothes. + +I'll just leave this right here- Enjoy. + +&#x200B; + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_116797.pdf](https://preview.redd.it/fm5ef9aclir71.jpg?width=1020&format=pjpg&auto=webp&s=aacfa985db213435dfdbdbe1d32e09f1d95970b4) +Inspired by the post here, in which management consulting was called out as a path to fatFIRE: https://www.reddit.com/r/fatFIRE/comments/r5a5qk/has_anyone_here_fatfired_after_starting_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Has anyone here fatFIRED after starting your career in at MBB? What’s your story - did you do it at MBB, or did you exit? What was your strategy? + +Thanks all! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +Berkshire has purchased $9.2 billion of Verizon stock over the last 9 months, at an average price of $59. Today VZ trades below $57, giving us an opportunity to follow Berkshire into one of its largest common stock investments at a price below what Berkshire paid + +Verizon appears to be a much safer and higher yielding investment than Berkshire itself, with prices where they are. The dividend yield alone is higher than Berkshire's operating earnings yield. Verizon is an example of a stock whose interest rate has NOT collapsed: + +https://www.reddit.com/r/brkb/comments/mr2jcp/verizon_a_company_whose_market_value_is_affected/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I believe Berkshire is fully and optimistically priced right now. Here are my thoughts + +**Justification #1:** As a first approximation, Berkshire's operating earnings yield is well below 4%, lower than I've ever seen it. As Buffett explicitly stated at the Annual Meeting, the Q1 2021 earnings were no higher than Q1 2020 would have been without COVID. Berkshire's "interest rate" has recently collapsed-- price way up, earnings almost flat + +**Justification #2:** Berkshire is fully valued according to a recent and fairly optimistic expert estimate of intrinsic value (Morningstar): + +https://www.reddit.com/r/brkb/comments/m80e6e/greg_warren_morningstar_berkshire_shows_stronger/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #3:** Nobody agrees fully with the (book value)+(insurance float) price predictor, but historically, stretching back for decades, it has been a losing proposition to buy above BV+FL. Today BV+FL is $257, and the P/(BV+FL) ratio is 1.13, an extreme high. The last time this happened was in 2014, and you can see what happened then: + +https://www.reddit.com/r/brkb/comments/mhf7i0/berkshire_hathaways_market_price_follows_the_sum/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #4:** Berkshire was rapidly tapering its buybacks at $250, far below the current market price of $290. This is a dead giveaway that we are fully valued or overvalued. Berkshire's average buyback price is well below the highest price paid, probably around $210. The buybacks likely target an average price (just like when Berkshire was buying AAPL -- Berkshire bought many shares far above $35 but never made a purchase that would raise the average above $35). Here is the Q1 2021 buyback table, where you can see the tapering: + +https://www.reddit.com/r/brkb/comments/n2h588/berkshire_q1_2021_buyback_price_table_these/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +https://www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html#click=https://t.co/6rw2JmZtm5 + +No wonder corporate debt has gone up, with low interest rates it’s a no brainer. +Atleast with a mortgage you are actually paying for the house. But with rent it’s just endless money that will ultimately amount to nothing in the end. It’s a place to sleep at night but other than that it’s not the best way to save money. I don’t understand why the cost of living in this country is so freaking high. Then we are expected to still pay for all these other kinds of bills and then have our credit ruined because we didn’t pay them because we were trying just to keep a roof over our head. Literally 100% of my income is rent and I am falling behind on every single other credit card or loan etc which actually amounts to something. Is my only option to become homeless so I can pay off debt??? What a twisted word that we live in. I know everyone is just gonna tell me that it’s my fault but I already know I’m a failure. +This past year I hit and exceeded my FIRE number. Currently NW at 9M and I am 36M with family (1 child, 1 planned) in a VHCOL city. This was attained through a tech IPO where I have one year left on vesting my initial grant which NPV would bring me another 2.5M. Yes, I'm very fortunate. Yes I'm happy to go fuck myself and make you all sandwiches. + +Here's the thing, I love this company, I love these people. The work and conversations are interesting. But I'm also just done. I founded my own company before and vastly prefer to do my own thing again. I'd like to move back to directly creating value instead of managing and hiring all the time. I've realized that a big part of moving into big tech was to get financial security and learn how the big guys do it. I've done that and now am ready to move on. + +It shouldn't be hard to stick around for a year to pull in 2.5M but I'm finding it exceedingly difficult for a couple reasons. + +1. I don't really care about money. I've never been a scoreboard person. I viewed earning as a 'get your chores done first so I can go out and play' kind of thing. Emotionally I feel like I've done my chores and now it's time for me to do whatever the hell I want and resisting that impulse is HARD because why shouldn't I? + 1. I also don't even know what I'd do with that next 2.5M. Best representation I have is # of years not working at current expenditures but that's not motivating when my current portfolio is more than sufficient for my current COL. + 2. My reasoning to fully vest my initial grant is because I feel that I already earned that equity with my past 3 years of effort. I was in a position to make a lot of large strategic decisions and we're benefitting from those now. My current position and next year of growth are decisions that have minimal impact in comparison and are mostly tactical. Since I know I'm going to ultimately leave I'm not interested in advocating to be in a position to make bigger impact decisions. +2. Integrity. I hate phoning it in. I've told my boss directly that I'm really not interested in letting my team or the company down in this next year and that I'd rather leave then risk that happening. However, If I can't get myself motivated to stick around for a year I'm going to be constantly conflicted about it which means letting down the people around me. I'm strongly not interested in a legacy of shining star for the first 3 years and then a flameout for my last year. + 1. For those of you in FAANG and similar. I know you can coast at Director level to some extent but it's exceedingly hard to coast when you care about the people and you're in a position to do fix their problems. IMO tech companies are eating the world because their internal operations/culture strongly induce forward progress even when you don't feel like it. +3. Exploit vs Explore algo. I've exploited as much as I care to in the world of Tech. I've learned how we do things in this industry and seen what higher in the ladder looks like and don't care to get there. I've been pushing myself for a decade to get here and now I'd like to allocate most of my cycles to exploring other creative pursuits and ways of doing things. Why shouldn't I get started on this immediately? +4. Belief that I'm still young enough to do young people things but not for much longer. Getting in great shape and going heli skiing? Still could. Becoming an adept mountain biker and doing a season out in Moab? Still could. My suspicion is over the next few years I'm going to be shifting into maintaining health instead of having a window to be in the maximal condition to do interesting physical things. I'd love to hear from the 40+ crowd if it feels like these doors closed or stayed open longer than you expected. + +**Ask**: I'm in a cushy position so I'd like to attack this from both angles: + +Pro staying and vesting: + +* how can I better appreciate the value of another 2.5M+. Did you adjust your FI goals upwards after you hit the original? What was motivating about it? What didn't matter in hindsight? +* how can I minimize the cost of a year of my life? how can I maximize the benefit of this year while still needing to be allocated to a job I'm not motivated by but requires full attention? + +Pro leaving and exploring: + +* How does that 2.5M not matter if I've already achieved my FI goals currently? After leaving will I discover new things that require more money that I'll regret not being in a position to go after? +* What windows start closing in your late 30s which limit your opportunities to explore life to the fullest? What areas will I miss out on if I don't start moving on them now? + +Thanks for any thoughts you have. The obvious response is "life is too short to do anything you don't want to do" but I'm looking to get a bit more nuanced in what I might be missing here. Writing and publishing this to this group has been helpful in itself so thank you for existing as a community. + I've been reading some articles online about the difference between index funds and ETFs and am still a bit confused. I understand that both are passively managed to track a published index. + +ETFs can be traded like a stock intraday whereas index funds are executed at market closing. But what's the meaning of trading intraday (ETFs) vs at market closing (index fund)? Is there any benefit of one over another? + +Thank you +I've read some nice DD on UPI.V and decided to jump in at 0.58, but this recent sell off is making me nervous. Of course, the spec stocks are almost all in red but UPI is the biggest killer in my portfolio. + +I know they're doing great things but just wanted to hear some of your thoughts. +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/wsNDGTf5QH). + Okay so after doing my due diligence (Seeing the ticker in Commsec's biggest movers one day) I decided to invest $1400 into LRS sometime early last year at 0.07 a share. Have been following it off and on since then, I guess im completely autistic or something because didnt they recently come across 220M tonnes of someshit that people will pay for? Im not a fucking rocket scientist or anything and have no idea how much the shit is worth but lets say they make a $1 profit off each tonne after production / Mining costs that would net that 220M profit? (im assuming profit margins will be alot higher anyway). Is there something i'm missing here? can someone please explain why its trading at like a 50m market cap, cheers. +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/EKU2tVBp9u). +I saw several apes talking about going to the shareholders' meeting, which is fine and also an opportunity to show that we (the gme shareholders) really are interested in the company and it's future. However, may I please ask that you show your best behavior and be respectful to everyone? I don't want to read afterwards about a group of crazy people dressing up in ape costumes harassing other attendees or chanting "I like the stock" while throwing bananas into the crowd. + +Ryan will be there and there is a non-zero chance that DFV will attend, so don't swarm them and ask them to be your wife's boyfriend (they probably already are). + +So if you want to go to the meeting, be your most excellent self. Have a groovy night, but please: + +&#x200B; + +https://preview.redd.it/rrsnhpyi9h071.png?width=470&format=png&auto=webp&s=764cb4ebfdcfefa4e31af4628903865dd6c7e249 + +&#x200B; + +Edit: Oh, typo in the title but the title cannot be edited ¯\\\_(ツ)\_/¯ +**Preface:** After hearing the mainstream media tell me for the hundredth time that COVID was to blame for inflating the housing market, I started to do some research about 6 months ago. I know this isn't exclusively about GameStop, but everything connects. + +If you want to know exactly why the housing market is experiencing record highs and where it stands in relation to the rest of the economy, here it is. + +\[Please keep the comment section bipartisan. If you can’t do that, I recommend you stop reading now. If shills try to spark political debate, downvote them. This information is important and I don't want to see the post get deleted because a few people can’t be mature and civil. Remember, this is not a political debate, it’s a class war. Leave your differences aside.\] + +**Here’s the information I put together on the state of the housing market:** + +To get an overall, full picture of the current state of our economy as we get closer to MOASS, I started researching the housing market and to figure out the reason why it is at a record high right now. The media keeps reporting it is mostly due to the pandemic, but they ultimately claim that experts cannot explain *exactly* why. I believe that MSM has been using the pandemic as an excuse as to why the markets are not functioning properly, more than most people think. + +If you’re new to investing, a booming housing market seems like it is a positive thing and a possible sign that the economy is improving, that is not the case here. The housing market has most likely hit a record high in reaction to the upcoming economic crash. Extremes are hardly ever a good thing in economics. The system is always trying to find an equilibrium. Therefore, a healthy market will provide slow growth, while extreme highs and lows are traditionally a sign that it is not functioning properly. + +If you’ve paid attention to the overall economy, not just GME related data, you’ll see that we have extreme highs and lows across the board. From interest rates to reverse repo operations, crip-toe, hedge fund asset sells-off, or bond sales — record highs and lows everywhere. These are all correlated to the upcoming market crash. + +**Background of Housing Market** + +Like I previously mentioned, the media has repeatedly reported that the reason is mostly due to the pandemic, but ultimately claims that experts cannot explain the extreme bull run. It's also not the *only* reason mentioned, but it's the most common explanation I've heard so far. + +If you have not been following the market, when I say extreme, I mean ***extreme***. Although the market seems to have cooled a bit in the past couple of months, activity in the past year has been extremely irregular. Houses are selling INCREDIBLY fast right now. If you’ve never bought or sold a house before — it typically is on the market for about 30-60 days. However, in our current market, houses are being sold within HOURS, in some cases. Most sellers are reporting that after only a couple of days on the market, they have received dozens of offers, all of which are all tens and thousands of dollars over their asking price. Some buyers are even throwing out incentives, such as all-inclusive vacations, to make their offers more appealing and help them stand out among the other bids. + +*Bloomberg recently reported, "the median price for a single-family home in the U.S. rose the most on record in the first quarter of 2021, as buyers fought over a dearth of inventory, according to the National Association of Realtors."* + +The pandemic explanation did not sit well with me for a variety of reasons. And lately, it has seemed like a blanket excuse to justify why markets may not be functioning properly. + +After only scratching the surface of the situation, I found that—in true shill form—market experts and the media are not reporting an accurate explanation as to why we are experiencing such unusual activity within the housing market. It goes far beyond the pandemic. + +It was disturbing to read that Robert Shiller, a Nobel-Prize-winning economist, said there is no "clean explanation" as to why the housing market is so hot. (Source: [Robert Shiller: Home prices will fall and cause](https://finance.yahoo.com/news/robert-shiller-home-prices-to-fall-and-cause-some-pain-103750858.html)[ some pain'](https://finance.yahoo.com/news/robert-shiller-home-prices-to-fall-and-cause-some-pain-103750858.html).) I have never received a Nobel Prize in economics, but I can definitely list a few more accurate reasons why housing prices have gone up so much, that are far less speculative than the “because of the pandemic.” + +**Explanation of Housing Market Recent Performance** + +What I found was that the major leading causes include: Lumber, Interest Rates, Inflation, and Increased Supply *Not* Demand. + +Robert Shiller did briefly mention the cost of lumber in the article, but when I Googled "housing market going up," I had to read through 3 pages of results to find any other article that suggested the rising price of lumber and plywood have contributed to the sharp increase in housing prices. \[Also, in the article I did eventually find, the author was, of course, quick to note that you shouldn't worry — price increases reflect housing-specific issues, not an early sign of inflation! *Phew*!\] + +While high lumber prices aren’t exactly a secret, I have not heard an accurate explanation as to *why* lumber prices are so high right now. That’s pretty crazy considering it’s the most significant reason why housing prices are experiencing record highs. In fact, the ***only*** explanation the media has given is — you guessed it — the pandemic! + +While the pandemic has definitely contributed, the price of lumber has largely skyrocketed because of the deliberate actions of the US Government. **Even before the pandemic, the lumber market was incredibly sensitive to demand shocks and after the pandemic began, increased demand became even more of a concern due to labor shortages.** The artificial inflation started with the previous administration and continued into the current administration. + +**How Tariffs Have Affected the Housing Market:** + +**(TL;DR of Tariffs Imposed on Canada:** Canada produces a majority of lumber used in the U.S. After the President was inaugurated in 2016, he imposed higher tariffs of up to 24%, which increased the price significantly. Canada could have still profited with the increase, however, imports declined significantly when the region lost 15% of its total output capacity due to insect infestation and wildfires.) + +· **According to the chart below, the price already started rising in 2016.** The rise began after the 2016 election. One of his most widely known campaign promises was to impose more favorable trading terms for the U.S. + +· **Leaked Documents showed the U.S. would include lumber in renegotiations.** In November 2016, CNN obtained a leaked memo from the upcoming President’s transition team showing that the new President was being advised to include the softwood lumber dispute during any renegotiations of the North American Free Trade Agreement and to get more favorable terms for the United States. + +· **This was a big deal because Canada has historically been the largest foreign source of lumber consumed in the United States**. It has accounted for as much as 96% of US softwood lumber imports as recently as 2015. + +· **On April 25, 2017, the administration announced plans to impose duties of up to 24% on most Canadian lumber**, charging that lumber companies are subsidized by the government. + +&#x200B; + +https://preview.redd.it/83526kyeqo881.png?width=1392&format=png&auto=webp&s=04f51a1c88fa31003fe696300aed685681fc85ae + +· **After Imposing high tariffs on Canada, prices experienced significant volatility.** Since Canada has traditionally supplied a large portion of lumber, the U.S. struggled to keep up with demand on its own after lumber imports fell drastically from Canada. + +· **After a brief stint above $600 in April 2018, lumber quickly tumbled down to sub $250 levels.** Prices were given a temporary reprieve after the National Association of Home Builders NAHB pressured the U.S. government to reduce its tariffs on Canadian lumber imports. This caused a number of sawmills to shut down. The resulting decreases in production capacity (supply) were estimated to be around 3 billion board feet. + +· **Leading up to the Pandemic Canadian imports have declined for a reason other than the higher tariff.** Although Canadian mills could have produced lumber profitably at $400 per thousand board feet or less even, and the addition of 9% tariffs wouldn’t have prevented them from matching or beating any price a U.S. producer would seek, imports to the U.S. declined significantly when 15% of its total output capacity was lost due to timber losses caused by insect infestation and wildfire. + +· **This decline occurred while annual U.S. demand for lumber has increased by more than 2.5 billion board feet.** Builders in the U.S. can’t buy enough lumber to meet demand, irrespective of the prevailing tariffs. As demand ultimately outpaced supply, and lumber prices broke $1,000 per thousand board feet. + +· **The U.S. government did temporarily reduce its tariffs on Canadian lumber**, but these measures appear to be an example of too little, too late. + +Higher tariffs were not only responsible for higher lumber prices, they also suppressed activity in the U.S. homebuilding industry, fewer construction jobs, and fewer options for homebuyers. Even before the pandemic, producers knew that the lumber market was incredibly sensitive to demand shocks. After the pandemic began, increased demand became even more of a concern due to labor shortages, which cut production even further. + +**Future Effects of Tariffs:** + +Analysts are now warning that lumber prices could reach a flashpoint, where affordability becomes so limited that demand suddenly falls off. This has led the National Association of Home Builders to ask the current administration for a temporary pause on Canadian lumber tariffs, which currently sit at 9%. + +It’s clear to see that lifting tariffs would most likely stabilize prices. The President has a lever that could successfully cool prices, however, the administration currently has no such plans to do so. + +There are a couple of reasons why he probably won’t lift tariffs: + +· Undermining efforts to rebuild domestic manufacturing and create jobs at home. + +· Despite what critics say and what most believe is the best solution, he doesn't want to use a magic wand to immediately stabilize prices. + +What’s not clear, however, is why the current administration announced that they are considering ***doubling*** Canadian tariffs, despite the meteoric rise in prices and demand for wood and construction costs (Source: [Yahoo! News](https://news.yahoo.com/biden-administration-could-double-canadian-100000824.html)). + +Although the U.S. and Canadian do have a long-lasting trade war, our two nations have a good relationship, overall. And the reason the previous administration raised tariffs in the first place is likely based on false claims — U.S. lumber producers filed antidumping and countervailing duty complaints, claiming Canada unfairly subsidized and dumped lumber in the U.S. After the Commerce Department imposed the tariff in 2017, Canada took the case to the World Trade Organization, which has rarely voted in favor of the U.S. Commerce Department’s claims. + +**Carbon Market Pays Southern Pine-Growers** ***Not to Cut*** + +On top of raised tariffs, lumber prices are being driven up by a government incentive that has limited on more than 5 million acres of U.S. forests. Companies such as Microsoft, Royal Dutch Shell are paying timberland owners to leave trees standing. Essentially, pine growers get paid for their timber (which increases the price), however, in order to reduce emissions, the payment is in exchange for *not* cutting their trees down. + +Lawmakers want to give a push, too, especially when it comes to including mom-and-pop timber owners. Senators from wooded states last week put forth the Rural Forest Markets Act, which would guarantee loans up to $150 million for companies and nonprofits that help small landowners tap into carbon markets. + +It’s *very* concerning that our government believes that consumers and homebuilders should be the ones to bear the burden of supporting the cost, by relying on U.S. growers who currently can’t compete. + +Also, with no plan in place to stabilize prices, it’s hugely irresponsible and dangerous we’re creating proposals to help low-income and minority first-time homebuyers move into homes they can’t afford. When the housing market crashes, it basically traps them in a mortgage without the possibility of actually building equity. I’m not an expert, but most of the programs reduce down payments or offer grants programs allowing states to provide cash for down payments, closing costs, or fees that result in lower mortgage rates. (Source: [The Wall Street Journal](https://www.wsj.com/articles/new-carbon-market-pays-southern-pine-growers-not-to-cut-11618911180)) + +**Mainstream Media Blame Factors** + +Mainstream media also reported that low mortgage rates contributed to the abrupt housing boom. While the 30-year fixed mortgage is experiencing a record low, they most likely had very little to do with the abrupt housing boom. During the pandemic and throughout the past year, it has reached a record low **17 TIMES**. + +On that note — Interest rates have reached record lows because there is too much liquidity in the market. In 2020 alone, the Federal Reserve printed more than 40% of the dollars already in the US economy, and in the past year, the money supply in the United States increased more rapidly than we have ever experienced in history. In the past, we've traditionally seen slow, steady growth. + +Rates are low because the FED painted themselves into a corner. If they stop printing money, the market crashes. If they raise rates, the market crashes. Despite inflation concerns from major banks, the Fed has yet to begin tapering back their QE policy. Instead of printing money, the FED has, instead, been using reverse-repos to keep the market from crashing. This is what happens when you mess with the natural flow of things. The system is trying to find its equilibrium and it's causing weird oscillations all over the place. + +While I don't disagree that the pandemic has also contributed to the high demand for houses — many renters *are* leaving expensive cities for affordable areas and that the increased ability to work from home — it is not the main factor that created demand. + +**The ultimate cause of the housing boom: There was never a lack of demand; There was a lack of supply.** + +In the first 6-8 months of the pandemic, the housing market experienced record-breaking decreases in sales as Americans were staying home to avoid getting sick. It wasn’t until the price of lumber started rising that we began to see the home sales volume rise to the highest the U.S. has seen since 2006. The volume increase resulted in a price rise of 24.7% between June and July. + +As the COVID cases subsided, lumber prices simultaneously reached record highs and drove up home prices to record highs. The rapid price increase was the stimulant that caused homeowners to start listing their homes again, after a supply drought in the market due to the pandemic. + +Since it was lack of supply that caused low sales volume, the demand for housing still existed within the marketplace and built up throughout the pandemic. However, the buildup in demand was not reflected in housing prices. This is because housing is a unique market. Unlike the stock market, commodities, retail, etc., for a large percentage of purchases, it is required that the product meets the exact needs of a buyer and there are many different components that can affect a buyers’ decision. For instance, even if there were 5-10 houses on the market in a specific town, that doesn’t mean those houses will be bought immediately — purchasing a home is often the most expensive in a person’s life, so buyers are going to take the time to find a home that is right for them. They are not going to choose from a limited supply if, in that supply, those homes do not meet their needs. + +**Other factors propping up the housing market** + +The price of lumber has had a significant impact on housing prices rising, but even though prices are falling, and will continue to fall further in the coming months, as sawmills increase production, housing prices still remain out of control. + +In mid-June, the cash price per thousand board feet of lumber fell from $1,113 to $211, according to industry trade publication Random Lengths. That's down 27% from its $1,515 all-time high on May 28. "We are in a free fall," Andy Goodman, CEO of Sherwood Lumber, told Fortune. In [the lumber futures market](https://www.cmegroup.com/trading/agricultural/lumber-and-pulp/random-length-lumber.html), prices are down even more—dropping 47% since going above $1,700 on May 10. + +Buying sprees from large institutions, the ones mentioned here before being Zillow and BlackRock, are impacting liquidity in the market. This post is a lot to take in, so I’ll save this for Part II since there have already been posts on here that go into this. + +**TL;DR: The housing market is its own bubble, aside from everything else going on in the economy that is leading up to a crash. Mainstream media continues to blame the pandemic for record-high housing prices and keeps telling us there is no clear reason for the abrupt significant increase in demand, but it's a lie. This post explains why prices are so high and how the housing market relates to everything else going on in the economy right now.** +I’m a 35 year old with two young kids, and feel like I have spent the last 10 years ‘trying to save’ for a house deposit. We are both working and saving every cent but there just isn’t enough to pay the rent and bills, childcare, and then all the medical things etc. that come up. I get a lump in my throat thinking about the fact that I just can’t do it. I feel like a failure. We could afford the mortgage (it would be less than rent), but it’s that damn deposit. Any advice would be very welcome. Please don’t say we need to cut our spending - I can assure you, we are living at our limits. Thanks in advance. +Edit: I’m blown away by the support and advice! Booked in to chat with a broker tomorrow. For those asking, currently living in Syd and wanting to relocate to rural NSW. I’m (f) a teacher and my husband is a labourer, looking to upskill. Thank you all for taking the time to respond. I feel a lot more positive. +Hi all! So a couple of weeks ago I put in my two weeks at my current job to move to a different company making about 15-20% more. + +My current job countered and it was substantial! 37,000/yr to 52,000/yr USD. + +I’ve never made this much, I’m only 22 with no college degree. I have about 10k in debt and roughly 500 in savings. + +I come from an extremely poor background and that probably crippled my money habits. + +How do I change my mindset to not blow all my money “keeping up with the Jones?” +Grew up poor, got fucked hard in 08, worked her body to the bone for a shit retirement in a shit apartment... I HODL FOR THE POOR, FOR THE HOMELESS, FOR THE PEOPLE WHO GOT SERVED SHIT IN THEIR LIFE AND WERE TOLD TO BE HAPPY ABOUT IT. THE TIME OF THE APE IS NEAR, GOLDEN BANANAS WILL RAIN FROM THE SKY INTO THR HANDS OF THOSE WHO WILL FINALLY MAKE REAL CHANGE IN THIS WORLD + +APEMEN + +Addition: Pretty apparent my situation is not special, quite sad really, here’s to all you fellow apes who also want to see their parents live out their days in peace. It’s an amazing motivation, thank you all ❤️🦍 + +Another addition: GD apes, thanks for all the love! +Hi All! + +First of all, I'm new to this sub, so if this is off topic I will delete. I saw this quote in an interview clip with the rapper J Cole, and I really wanted opinions from r/fatFIRE on this: + + +*The monetary, the material... even success, the things you place your importance on - can never satisfy you. They will never make you happy because they never end. There's no amount of money that will ever make you stop if money is what you care about. You'll keep going.* + + +*"Oh I've got a million. Gotta get 10.* +*Got 10, gotta get 100.* +*Got 100, gotta get 5.* +*Got 5, gotta get a billion."* + + +*If its cars, you'll never have enough cars. If its women, you'll never have enough. If it's success, you can never get enough of that.* + + +*I realised that. It keeps calling you like a drug. It's a hamster wheel.* + + +*But, if you place your importance on appreciation and love, that is enough. There is enough of that in everybody's life right now if they just took the time to look. In my life, I just took the time. And that goes for everybody. The homeless man on the street can still wake up and go "Man, I'm alive".* + + +This is the link to the full clip, it's only 3 minutes long and well worth a watch. + + +[https://www.youtube.com/watch?v=0v1UJpYNAww](https://www.youtube.com/watch?v=0v1UJpYNAww) +Orginally I was quoted a salary of 97k. I accepted. Later, in an email, I was told that was a mistake and that my actual salary would be around 75k. They said "I hope this doesnt impact your decision to work for us". + +I told them it did impact my decision. I told them this was my dream job but that I have offers for up 120k so I am definitely not accepting 75k. Finally after much negotiation, we settled on a salary of $94k and $10k per year student loan repayment (for up to 60k for 6 years). + +Now, months later, I am filling out the loan repayment paper work and the HR lady emails me again saying they made a mistake and that after reivenstigation of policies the student loan repayment is only going to be a TOTAL of 10k over 3 years. And the full 60k will not be reached until 8 years. + +How should I respond to the email if this is not okay with me? Are all these changes red flags? Should I pick a different place to work? +I got a credit card around 5 years ago in the hopes of building credit and eventually moving in with my then boyfriend. I eventually maxed out said credit card on said boyfriend and after working my ass off for 5 years -- I HAVE FINALLY FULLY PAID IT OFF! + +I feel so free! + +Now to get rid of my student loans, car payment, and medical debts 😩 + +Update: +Wow — I am so overwhelmed by the responses to my post! Thank you all so much for your congratulations! It has been such a hard few years and I’m finally feeling like all my hard work and effort is starting to pay off (pun intended, always). + +I really never felt like this would happen. I spent a lot of time feeling helpless and stupid for wasting my time, money, and credit on that guy. It was a stupid mistake for me to try to save the last three years of my dying relationship with debt but it happens. I’m nowhere near out of the woods with everything else financially, but man do I feel closer now. +☘️(420x) DID BINANCE JUST TWEET AT THEM? (OMG, CRAZYY!) , CURRENT MARKET CAP \[5m🔥\] ,still mooning 🚀🚀PRESALE SOLDOUT IN 4.2 SECS! 5K+ HOLDER$ IN LESS THAN 18 HOURS! SUPER COOL COMMUNITY! + +&#x200B; + +🔥 🔥 JUST IN CASE YOU MISSED THE MOONSHOTS 🔥 🔥 + +❤️❤️ BINANCE TWEETED AT 420X. Yes, THE Binance!!!!! ❤️❤️ + +☘️This one will make you afford (W33D) for the rest of your life ☘️ + +Stoned never looked so good! + +&#x200B; + +What is $420x?🚀 + +&#x200B; + +Stoners all over the world, high everyone! Want to 420x your investment? You surely must be high if you think that’s possible 😉 BUT you can roll a blunt and come join us as we take you on a journey to the moon. + +Our Telegram community has grown over 5000 members in less than 24 HOURS! This is really just the beginning! + +&#x200B; + +24-hour recap: + +1. 5,500 addresses in less than 24 Hours. + +2. Hit all time high of 8.5M market cap. + +3. Burned 8T tokens due to milestones. + +4. Binance Smart chain tweeted at us. + +5. CMC in progress. + +6. CG in progress. + +7. Multiple Shout outs and mentions from large social media influencers and Youtubers + +8. 9th reddit post on crypto moonshots + +9. Mascot naming competition completed + +&#x200B; + +Future: + +1. Already paid for more marketing campaings (Big youtubers and tiktokers) + +2. Spoken to WhiteBIT for expedited listing + +3. Poo coin ads + +4. Twitter campaign + +5. Community contests + +6. Cameo with some 420 meme worthy celebrities (Big ones) + +&#x200B; + +Tokenomics:🚀 + +$420x is a deflationary coin (unlike us high af) with a limited supply. No more $420x can ever be minted. $420x has a transaction tax of 8% which is split 2 ways. + +• 4% fee redistributed to all existing holders. + +• 4% fee is added back into liquidity. + +&#x200B; + +Total Supply: 1,000,000,000,000,000 🔥 + +Burned before Pre-sales: 250,000,000,000,000 🔥 + +Burn Road Map: 170,000,000,000,000 🔥 + +Dev Wallet: 75,000,000,000,000 🔥 + +Presale: 505,000,000,000,000 🔥 + +&#x200B; + +🥞 Pancake Swap: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +📈 Chart: [https://poocoin.app/tokens/0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://poocoin.app/tokens/0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +➡️ Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +&#x200B; + +🌏 Website: [https://420xcoin.com/](https://420xcoin.com/) + +&#x200B; + +BSCscan: [https://bscscan.com/address/0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://bscscan.com/address/0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +420X is rug proof 🚀(LIQUIDITY GOT LOCKED ON LIVE ON VIDEO🔥 ) + +Chill and Shill + +One love <3 +An attorney that practices in MO/KS sent our landlord group some recommendations today that I thought were worth passing on and some forms that can be used. (If you want the forms, you'll be able to access the law firm's forms at the link below. Although she only practices in those two states and your state laws may be different, I think it's worth looking at her forms and adapting them to your state's laws. ) + +She pointed out that landlords should do the following things: + +1. If you forgive rent for one or more tenants, you should be prepared to do the same for all tenants if you wish to avoid potential allegations of discrimination. +2. You should have a written guideline for any hardship relief you'll provide, and then provide relief in accordance with that guideline. There should be equal application regardless of protected classes of people (race, age, color, religion, national origin, pregnancy, family status, citizenship, or disability.) +3. You should require all communications with tenants about any COVID-19 debt relief to be in writing, and you should keep copies of those communications. + +You can find tenant communication forms that will offer you some legal protection as well at her website [www.mokslaw.com/forms](https://www.mokslaw.com/forms) under the "COVID-19" section. +Ark Invest plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on Wednesday. + +The Space Exploration ETF would focus on companies that are “leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth,” the filing said. + +https://www.cnbc.com/2021/01/13/cathie-woods-ark-invest-plans-space-exploration-etf-arkx.html + +https://www.sec.gov/Archives/edgar/data/1579982/000110465921003837/tm212832d1_485apos.htm + +Has anyone thought that economic growth is bad? It just results in things becoming more expensive and life becomes harder with more work required to merely survive. Why build things that makes life harder and requires more effort? This is a smooth brain question for an actual economists though. The GDP went up, yet your living standards dropped. +Are there any metrics that show what percentage of the workers/wages/gdp etc. go to actual “productive” work vs jobs that provide no “real” economic value? Now, when I say “no real value” I don’t mean to say these jobs don’t have financial or societal value, I mean that they don’t directly contribute to producing anything tangible. I would be interested to see how this varies by country and over time. + +Of course, defining productive vs non-productive work is not straightforward. At the extremes you have your paper shuffler jobs- for example government regulators and contractors that help navigate the regulations; and you have farmers and lumberjacks on the other. + +But then it gets trickier when it gets down to value transferors (sales, advertising, transportation), value enhancers (doctors, teachers), producers of goods with no intrinsic value (artists, software), and any number of other grey areas. Nonetheless perhaps there is some accepted convention for this? + +Do any metrics measure what I’m talking about? +Hey everyone, + +To change things up from the usual speculation and ‘market crash roulette’ threads, I’d love to hear your stories! As someone who is going to be a homeowner sometime in the not too distant future, I’d love to hear about your first home buying experience and anything you’d do differently if you were able to buy for the first time again. +Its befuddling that hardly anyone is talking about this exquisite Indian company. A company whose heritage rivals that of the magnolia. Trailblazers in the ice-cream industry this company deserves a lot more love. +Any guesses? I'm talking about **Vadilal Industries Ltd**. + + +This a tale of entrepreneurial alacrity and propulsive ambition. This giant of a company, since its initial days as a soda stall, has now been operational for close to 107 years. Enough about its impeccable pedigree. +Now coming to their business divisions + + +A) **Icecreams and frozen desserts** +They're the mainstay of the company contributing more than 89% of the topline. Their ice-creams combine the highest levels of craftsmanship with daring and spark elusive emotions. It'll invariably leave you smiling and unshackle you off those chains of sadness. + +The company earned in excess of 500 crores from this division. India's per capita consumption hovers between 500ml and 1 litre depending on the survey studied. A rise in its consumption is a foregone conclusion. Contrast it with our neighbours and you'll be startled at how little ice-cream we eat. The US leads the world with a per capita consumption of 20 litres or some such. + + + +B) **Frozen products** +A riveting example of how a one dimensional company took the leap of faith and elevated its existence by diversifying. Vadilal now also sells frozen vegetables, Indian sweets and ready to eat meals. They're available mainly in the US. Topline contribution was close to 75 crores. + +Now we need a recap. +**Sales**: ~600 crores +**EBITDA**:88 crores + +**Market cap**: ~600 crores + +Now why does this pique my curiosity. Havmor which was once a jewel on India's India's ice-cream crown is now a company with Korean parentage. Lotte of Choco Pie fame acquired it for 1030 crores. What's relevant is that Vadilal has twice the capacity of Havmor plus a thriving export business plus an unrivaled brand recall. + +Peers: + +DFM Foods: + +**Revenue**:514 crores + +**EBITDA**: 49 crores + +**Market cap**:1900 crores + + +ADF Foods: + +**Revenue**: ~300 crores + +**EBITDA**:60 crores + +**Market cap**:1200 crores + + +Tasty Bite: + +**Revenue**: 454 crores + +**EBITDA**:73 crores + +**Market cap**: 2900 crores + + + + + + + +**Now let's discuss some international peers** + + +Indonesian ice-cream giant: + +Capacity: 43 million litres per year + +Valuation: Rs. 900 crores + + +Vietnam: + +Capacity: 50 million litres + +Valuation: 805 crores + + +This Indian crystal has a **capacity of 150 million litres a year**. + + +The disparity is glaring. This company is one of not many and they make real what others wouldn't even dare to dream. To me, this looks like an incomparable opportunity. + +**I love their ice-cream. It's an audacious alchemy of unique flavors, their commitment and inimitable skills that exalt ice-creams to true works of art.** 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +Disclosure: I'm not a SEBI registered advisor. Please perform your due diligence. I have some investments in the stock via relatives. +For the sake of specificity lets say we are asking about 1 hour of non-copulatory (as in, no insemination) PIV (penis-in-vagina) sex. + + +&#x200B; +I'm noticing a pattern where it's all "wind and solar" over coal and gas. Nuclear power keeps getting omitted from energy efforts and I am wondering why? I am guessing it has to do with the few nuclear disasters of the past, specifically Fukushima. +I've found that over the years that it's always better to engage with the company you wish to be employed by directly rather than going through a bunch of these scummy recruiters. + +I've also noticed the amount of spam I received increase significantly after dealing with them meaning they 100% sell all your personal information. As far as I understand there are no formal qualifications, or any experience required to become a recruiter which explains the putrid service. + +What concerns me most however, is them dealing with personal information of thousands of applications especially in light of recent hacker attacks and not really having an laws regulate their handling of personal information or any penalties should they misuse that info. + +Just from experience as to why I have a strong dislike for them; + +1) Calling about role they have and then ghosting you when you say you're interested. This is a way for them to get all your personal details on their database I'm guessing or reaching some arbitrary target they have. + +2) Asking for references before the first interview - when the hell did this become a thing? I've heard they do this to gain management contacts to contacts in order to offer their services to them later on. + +3) Asking for you to get "registered" on their platform which includes a lot of personal information including passport, sometimes without even telling you about a role they may have. I'm not a damn free treasure chest of personal information for you to collect my guy + +4) Calling about jobs which aren't at all aligned closely to what you're doing, like take 5 seconds to look over my profile before blowing up my phone +In other words, is Economics only a collection of descriptive methods that should not be assumed to have significant and reliable predictive value, thus not deserving to enter into normative matters? + +I am not here to attack anyone, however, this question bugs me and I wanted to hear from actual economists, since you most likely possess information that I don't for not being an academic in the field. +**WARNING - THIS POST IS FUCKING LONG. LIKE, REALLY FUCKING LONG....** + +&#x200B; + +&#x200B; + +So, recently there have been a quite few comments about ''*what does this comment/reference mean*'', '*'can we do a Top 20 moments*'', ''*what did I miss etc*...'' + +We also have a shit ton of noobs who probably missed a whole bunch, so hopefully this gives you some perspective. + +&#x200B; + +This post started as a series of links to different stuff, but has gradually morphed into something a-lot more in-depth as inevitably more and more was remembered. + +Apparently the repression therapy doesn't work.... + +&#x200B; + +No doubt, folks will remember things that have been forgotten here, apologies if your favorite moment was missed. + +Put it in the comments... + +&#x200B; + +u/HussySmurf did a [Video version](https://www.reddit.com/r/ASX_Bets/comments/kpvwoq/asx_bets_rewind_2020_edition_a_recap_of_our/?utm_source=share&utm_medium=web2x&context=3) a while ago, but to be honest so much happens here its hard to catalogue it all... + +&#x200B; + +We have been on quite the journey, loosely chronicled below, sometimes its good to reflect on that. + +&#x200B; + +&#x200B; + +**EPIC MOMENTS IN THE EVOLUTION OF THE SUB** + +&#x200B; + +*It's a challenging task, but I'll try and keep these in a loose order of how they came about, time-line wise.* + +&#x200B; + +**- THE BIRTH OF A LEGEND** + +&#x200B; + +Anyone who has been around a few minutes has either seen or heard of u/plucky26. + +He played the Villain in the [Butt-Apocalypse](https://www.reddit.com/r/ASX_Bets/comments/mhg92x/we_deny_any_rumours_that_we_are_being_taken_over/?utm_source=share&utm_medium=web2x&context=3) (which we will cover in due course) but the legend was created the night he went off meds, known in infamy as [the long night of anal polling](https://www.reddit.com/r/ASX_Bets/comments/hg30o5/plucky26_is_now_banned_for_5_days_for_too_much/?utm_source=share&utm_medium=web2x&context=3). + +This was one of the first times the sub went crazy with posts and shit flinging comments, an ominous sign of things to come. + +&#x200B; + +He is the owner/operator of r/ASX_banned, where banished souls go to lurk. + +&#x200B; + +&#x200B; + +**- THE ''DO STONKS ONLY LAST A DAY'' DEBACLE** + +&#x200B; + +\- u/aweluth became a sub legend and created a legacy that lasted for quite some time, with this seemingly innocuous post on [whether their stocks expire or not](https://www.reddit.com/r/ASX_Bets/comments/inyquu/noob_question_plz_dont_flame_me/?utm_source=share&utm_medium=web2x&context=3). + +Slowly folks had begun lurking in the sub, numbers where trickling up and posts like this were blown up quickly. + +From memory, I only recently saw a comment in the daily referencing this post, so the early members are still out there... + +&#x200B; + +&#x200B; + + **- OUR FIRST GROUP PROJECT: THE TINDER KOALA** + +&#x200B; + +Back in the early days, when we were still establishing ourselves as degenerate hidey hole on reddit, some long forgotten autismo thought it might be fun to do a group project, to bring us all together. + +The project coincided with the first Lock-Downs in Victoria, so when [Project Tinder Koala](https://www.reddit.com/r/ASX_Bets/comments/i4msk9/keep_victoria_sexy_update_4_pics_below_swipe/?utm_source=share&utm_medium=web2x&context=3) was created, we named the campaign [Keep Victoria Sexy](https://www.reddit.com/r/ASX_Bets/comments/i3eshc/asx_bets_keep_victoria_sexy_tinder_campaign/?utm_source=share&utm_medium=web2x&context=3) to ensure our Eastern folk felt the love. + +&#x200B; + +At least some version of it anyway... + +&#x200B; + +&#x200B; + +**- BRN-AGEDDON, THE FERNAL CONNECTION AND THE RISE AND FALL OF MELVIN BUTTERS** + +&#x200B; + +\- The sequence of Events that became known as [BRN-AGEDDON](https://www.reddit.com/r/ASX_Bets/comments/isjlky/the_banpocalypsebrnpocalypse_has_been_averted/?utm_source=share&utm_medium=web2x&context=3) is one of the defining passages in r/ASX_Bets history. + +&#x200B; + +***Part 1***: The hype, the claims, the passionate debates. + +**Melvin** arose as the High Priest of **BRN**, although he wasn't the first shiller. + +&#x200B; + +u/Epicliberalman69 leaked [The new BRN presentation video](https://www.reddit.com/r/ASX_Bets/comments/ju0ovd/brainchips_fancy_new_presentation_leaked/?utm_source=share&utm_medium=web2x&context=3) and suddenly the place was a riot. + +&#x200B; + + Ultimately, it all peaked in the [EPIC BET](https://www.reddit.com/r/ASX_Bets/comments/ir9fzf/predictions_for_brainchip_monday/g4wygiq?utm_source=share&utm_medium=web2x&context=3) that pitted many long times users against each other. + +&#x200B; + +Immortalized by u/HussySmurf in the [Ban extraction Video](https://www.reddit.com/r/ASX_Bets/comments/isfdif/ladies_and_gentlemen_you_got_em/?utm_source=share&utm_medium=web2x&context=3), the saga became a defining moment on the sub. + +&#x200B; + +Then, came the crash. **BRN** tanked and the [hunt for Melvin began](https://www.reddit.com/r/ASX_Bets/comments/iqjosl/so_the_retardled_manhunt_for_umelvin_butters/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +***Part 2:*** The cumulative ending of the **BRN** chapter was the [Banning of Melvin Butters](https://www.reddit.com/r/ASX_Bets/comments/j3snfk/today_for_crimes_against_rasx_bets_melvin_butters/?utm_source=share&utm_medium=web2x&context=3). + +Again, we utilized the video editing skills of shit poster extraordinaire u/HussySmurf to create the masterpiece and a fitting end to the legacy. + +&#x200B; + +This video also highlights an important footnote, the [Origin of the GREEK](https://www.reddit.com/r/ASX_Bets/comments/iq0amg/nasa_has_purchased_brainchip_software_rofl/?utm_source=share&utm_medium=web2x&context=3) **TLDR**. + +&#x200B; + +&#x200B; + +**- RULE 9** + +&#x200B; + +**Rule 9** came into play after we went through a series of comments that genuinely gave the **Mods** a few things to think about. + +It inspired an **Auto-Mod** upgrade to list various links and phone numbers for folks in genuine distress, it helped keep the **Mods** active in the threads to see what was going down and it generally fostered a better vibe around the place. + +&#x200B; + +We like to keep it light hearted, but we know that shit does get real. I love that you're all so combative, but one of the things I genuinely appreciate about this place is that: + +&#x200B; + +**A:** People feel like they can post about struggling and + + + +**B:** You Tards actually care about each other. + +&#x200B; + +&#x200B; + +**- THE** **BNPL DEVOTEES**. + +&#x200B; + +Honestly, the pure volume of **APT**, **Z1P** and other **BNPL** posting has been truly off the scale during the periods of hype. + +&#x200B; + +Don't believe me, enter any of them into the search bar. What you will find is about 30% of them, we deleted the other 70%..... + +&#x200B; + +The moments were captured, fittingly, by u/HussySmurf in the now legendary [BNPL VS BOOMERS video](https://www.reddit.com/r/ASX_Bets/comments/inyfjh/dont_let_some_boomer_snap_half_your_tendies_out/?utm_source=share&utm_medium=web2x&context=3) and u/BenevolentBull in the [BNPL Epic Red Day post](https://www.reddit.com/r/ASX_Bets/comments/hqxdpk/barnseys_bnpl_market_updates/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +**BNPL** however, changed the way we moderated and organized the sub. + +&#x200B; + + We developed the **MEGATHREADS** as a result of [BNPL](https://www.reddit.com/r/ASX_Bets/comments/lksnbz/buy_now_pay_later_megathread/?utm_source=share&utm_medium=web2x&context=3), [BRN](https://www.reddit.com/r/ASX_Bets/comments/is5opl/brainchip_brn_megathread_sep_14th_2020_ban_day/?utm_source=share&utm_medium=web2x&context=3), the [US ELECTIONS](https://www.reddit.com/r/ASX_Bets/comments/jmx9zv/us_election_megathread/?utm_source=share&utm_medium=web2x&context=3) and a few others that I've forgotten... + +&#x200B; + +&#x200B; + +**- THE ULTIMATE AUTISTIC YOLO** + +&#x200B; + +Still the highest voted post of all time, u/DanTheManTheMate and the [Accidental Z1P](https://www.reddit.com/r/ASX_Bets/comments/j6l1sa/hi_im_retarded_and_bought_5000_units_of_z1p/?utm_source=share&utm_medium=web2x&context=3) **YOLO** was a sparkling moment of degeneracy in this den of the same. + +Multiple shit-posts were created in homage to the moment and Autists all over the country collectively held their breath to see whether **Z1P** would open green or red the next day. + +&#x200B; + +Thankfully, it was a 2% bump to the Green on open, allowing Dan to escape with a tidy profit from his inability to read a buy order screen. + +&#x200B; + +Oh, and he [found his cat too](https://www.reddit.com/r/ASX_Bets/comments/j8db4d/my_cat_came_back_after_my_rocket_zh1p_ride/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +**- FUCKING FISH GUTS AND FUCKING BATTERY DAY** + +&#x200B; + +I'm not super keen on reliving [Fish Guts](https://www.reddit.com/r/ASX_Bets/comments/i53hgs/fish_guts_trading_halt/?utm_source=share&utm_medium=web2x&context=3) or [Battery Day](https://www.reddit.com/r/ASX_Bets/comments/ivwek8/what_will_happen_on_battery_day_22nd_september/?utm_source=share&utm_medium=web2x&context=3), but it was an important part of history here regarding how hype and **FOMO** can take over. + +We got a [Crab Dance](https://www.reddit.com/r/ASX_Bets/comments/idkgas/when_nzs_is_set_to_open_0002_higher_than/?utm_source=share&utm_medium=web2x&context=3) out of it though... + +&#x200B; + +If you type **NZS** or **NVX** into the search bar, you'll see a representative sample of what we allowed through. The volume of fish guts and battery day post's **Mods** deleted was massive, again creating the opportunity for us to re-engineer the way we moderated r/ASX_Bets. + +&#x200B; + +By this stage, we were beginning to get noticed outside of the Sub-Reddit, deleting redundant shit became an important factor in regard to the type of content we were letting out into the place. + +&#x200B; + +We redefined some of the Rules you see on the side bar during this phase. + +&#x200B; + +&#x200B; + +**- THE DADDY FUCKER.** + +&#x200B; + +u/ItIsYeGiraffe became legend on the sub with an [Idle Comment](https://www.reddit.com/r/ASX_Bets/comments/k8tl4t/only_a_few_weeks_until_this_guy_fucks_his_own_dad/?utm_source=share&utm_medium=web2x&context=3) that for a time became the most quoted bet in the daily threads. + +Disappearing into the netherworld of the banned after (mercifully) failing to come through, the user lives on every time you see a reference to the bet pop up as a reminder of the madness created by a throw-away comment. + +&#x200B; + +&#x200B; + +**- THE NEWBIE MEGATHREAD** + +&#x200B; + +The [Noob Mega](https://www.reddit.com/r/ASX_Bets/comments/l96nkn/newbie_megathread_automoderator_exempt/?utm_source=share&utm_medium=web2x&context=3) Thread was a chance for all our newer degenerates to ask questions without fear of being shut down by **Auto-Mod**. Its always a balance here, between to much and not quite enough. + +The concept behind this thread was to centralize the continual rush of the same questions. Inevitably, as all threads do, this one has been lost to time however it is something we are able to do periodically if required. + +&#x200B; + +&#x200B; + +**- THE SURVEY POST** + +&#x200B; + +\- The Survey Post became like a plague on the sub. + +After deleting multiple version of the same shit-post for weeks, **Mods** put up a [Survey post throw down](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3) resulting in a change to the daily threads and exponential ban length tests. + +Ultimately, most of the severe bans were forgiven in the [1 year Birthday celebrations](https://www.reddit.com/r/ASX_Bets/comments/m4vmww/happy_1_year_rasx_bets_in_celebration_of_this/?utm_source=share&utm_medium=web2x&context=3) but these again re-shaped the sub and the way we approached moderation. + +&#x200B; + +&#x200B; + +**- WHY DO YOU ALWAYS TALK ABOUT DLC?** + +&#x200B; + +**DLC.** + +**Delecta LTD.** + +&#x200B; + +'' *DLC's Principal Activity is the mining exploration and evaluation, wholesale distribution of adult products.* '' + +&#x200B; + +**DLC** is the default response to the 'what should I buy question.' I mean, they do mining and Dildo's, so its the most pleasant way we can tell people to go and get fucked. + +It originated in a comment in the daily, grew from there. It's been a **MeMe**, its even had a [DD of sorts](https://www.reddit.com/r/ASX_Bets/comments/lvw4ws/delecta_ltd_dlcasx_the_bull_case_and_why_im_not/?utm_source=share&utm_medium=web2x&context=3) written by u/StinkyFatwhale. + +&#x200B; + +*Legend has it someone was able to action an algo to buy a large volume of* ***DLC*** *via the scrapped data from comments on tickers.....* + +&#x200B; + +Sporadically, we get a-lot of 'what should I buy' posts, although they are almost always in various disguises. Either a friend is asking, or you have funds to **YOLO** and need ideas, or you want to hypothetically ask everyone blah blah blah...... + +&#x200B; + +We have **Rule 5** for a reason, so you'll see the default **Mod** comment about '' *delete your post* ***OR*** *proof of buying the highest voted stonk*'' + +&#x200B; + +Inevitably, someone comments **DLC** and it tends to unravel from there.... + +&#x200B; + +&#x200B; + +**- WALL STREET BETS, GME AND A DIVISION OF SORTS** + +&#x200B; + +I'm not going to rehash the [GME SAGA](https://www.reddit.com/r/ASX_Bets/comments/l2hd8f/rwallstreetbets_goes_dark_megathread/?utm_source=share&utm_medium=web2x&context=3) again here, but our membership did spike on r/ASX_Bets during this time. + +Up until this point, we had a marginally looser tolerance policy on posts not related to the **ASX**. + +After watching what r/wallstreetbets turned into post **GME**, we collectively decided that this was not the direction we wanted to take, being drowned out by one particular ticker or event. + +&#x200B; + +An important distinction to note here is that the **Mods** all agreed the exposure and subsequent flogging of a company exploiting the shorting game was a good thing, but the reality is that **WSB** sub-reddit became virtually un-readable afterwards. + +&#x200B; + +It also exposed us as a group to a lot more Media contact and exposure, detailed below. + +&#x200B; + +&#x200B; + +**- THE SCAM DREAM** + +&#x200B; + +This is one of my favorites. A lost member of Nepal Street bets wandered in and well, the rest is [History.](https://www.reddit.com/r/ASX_Bets/comments/mqq6ok/new_flair_is_not_it_scam_dream_for_suspected/?utm_source=share&utm_medium=web2x&context=3) + +Never before has a user become legend so fast, we adopted a new Flair because of it etc... + +Read the link, it explains it all better than I can redo here... + +&#x200B; + +&#x200B; + +**- THE BUTT-APOCALYPSE/APRIL FOOLS DAY SHOW** + +&#x200B; + +The shenanigans began with [The semi retirement of Burn](https://www.reddit.com/r/ASX_Bets/comments/mh6lff/announcing_my_semi_retirement_and_welcome_to_new/?utm_source=share&utm_medium=web2x&context=3) and the installation of the Unholy one, **Plucky** as a moderator. + +An alliance with r/AusFinance was touted, **Ruin** shut it down, **Auto-mod** became self aware, the robot uprising was upon us, shit went down. + +&#x200B; + +Attention then moved onto all the **Mods** ([Burn](https://www.reddit.com/r/ASX_Bets/comments/mhcktw/this_post_has_been_deleted_nine_times_why_are_so/?utm_source=share&utm_medium=web2x&context=3), [Ruin](https://www.reddit.com/r/ASX_Bets/comments/mhcgar/why_so_many_shorters_on_my_stock_shtiasx_we_must/?utm_source=share&utm_medium=web2x&context=3), [Phantom](https://www.reddit.com/r/ASX_Bets/comments/mhca2k/cgt_question_please_help/?utm_source=share&utm_medium=web2x&context=3), [Taken](https://www.reddit.com/r/ASX_Bets/comments/mhcikx/anyone_else_having_this_issue_with_commsex/?utm_source=share&utm_medium=web2x&context=3), [mcfucking](https://www.reddit.com/r/ASX_Bets/comments/mhch0y/free_money/?utm_source=share&utm_medium=web2x&context=3)) getting hunted down by **Auto-Mod** and then banned by **Plucky**. + +**Ruin** created a Government in Exile, **Burn** went on a post apocalyptic adventure to find the **Mods** and re-claim the kingdom, bumping into a few sub favorites along the way. + +([part 1](https://www.reddit.com/r/ASX_Bets/comments/mhk46t/buttpocalypse_mod_log_1_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 2](https://www.reddit.com/r/ASX_Bets/comments/mhli0p/buttpocalypse_mod_log_2_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 3](https://www.reddit.com/r/ASX_Bets/comments/mhmu2j/buttpocalypse_mod_log_3_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 4](https://www.reddit.com/r/ASX_Bets/comments/mhnhlg/buttpocalypse_mod_log_4_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 5](https://www.reddit.com/r/ASX_Bets/comments/mho0uu/final_buttpocalypse_mod_log_5_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3)) + +&#x200B; + +in the end, harmony was restored to the Galaxy and hopefully you all had a fun day... + +&#x200B; + +&#x200B; + +We enjoy having a unique sub here, things like the Butt-Apoc and the Comps below do take effort to create, but the reward is the community we all get to enjoy. + +&#x200B; + +&#x200B; + +&#x200B; + +**SHITPOSTS** + +&#x200B; + +Above all, we love a quality Shit-post. Below you'll find a collection of r/ASX_Bets finest entries. Apologies to all the ones I missed, these are mainly Video posts with a few exceptions... + +&#x200B; + +\- Kicking off, it's only fitting that you all watch, or re-watch, the [Introduction to ASX\_Bets](https://www.reddit.com/r/ASX_Bets/comments/ja4b9w/helpful_guide_for_new_members_happy_20k/?utm_source=share&utm_medium=web2x&context=3) Video, created by u/ItsMeElliot. + + Really sets the scene for the remainder of this shit-post section. + +&#x200B; + +\- After reviewing the above, lets go back in time, back to near the beginning of the sub When Bears and **BBUS** ruled, u/Zeimzyy created this [Video Masterpiece](https://www.reddit.com/r/ASX_Bets/comments/fvqaej/already_priced_in/?utm_source=share&utm_medium=web2x&context=3). + +When you appreciate the video shit-posting, remember this was the video that created the legacy. + +&#x200B; + +\- The defining of the [Autistic Investor](https://www.reddit.com/r/ASX_Bets/comments/km1toi/thanks_mum/?utm_source=share&utm_medium=web2x&context=3) by u/nsjmas. + + Ironically, it was reported as targeted harassment... + +&#x200B; + +\- Those wondering where the [Bears have gone](https://www.reddit.com/r/ASX_Bets/comments/mjiajo/the_bears_of_the_sub_have_been_underrepresented/?utm_source=share&utm_medium=web2x&context=3), u/bigcrococtopus made y'all a little something... + +&#x200B; + +\- Blast from the past, u/Melvin_butters gave us the truly sublime [The more you lose, The less you lose](https://www.reddit.com/r/ASX_Bets/comments/itkvaz/the_more_you_lose_the_less_you_lose/?utm_source=share&utm_medium=web2x&context=3) post that has endured, proving conclusively that he defeated us all with pure logic. + +&#x200B; + +\- Who can forget the sage advice of u/Dark_Raiden_ when detailing how to [Run an ASX - Listed Company](https://www.reddit.com/r/ASX_Bets/comments/lgmba7/if_one_of_us_retards_were_running_an_asx_listed/?utm_source=share&utm_medium=web2x&context=3), or the depiction of [Fun with Stonks](https://www.reddit.com/r/ASX_Bets/comments/m1mze2/a_bit_of_fun_they_said/?utm_source=share&utm_medium=web2x&context=3) submitted by u/StylishsAcc + +&#x200B; + +\- u/Ronnyvar outlined the [Future of Z1P](https://www.reddit.com/r/ASX_Bets/comments/hsox3o/future_of_zip_explained/?utm_source=share&utm_medium=web2x&context=3) in this shit-post epic. + +u/HussySmurf provided us with an [Alternative future for Z1P](https://www.reddit.com/r/ASX_Bets/comments/k8661l/zzzzzzzzzzzzzzz1p_went_from_chippy_zippy_into_a/?utm_source=share&utm_medium=web2x&context=3), interesting to note which future is becoming more real... + +&#x200B; + +\- u/HussySmurf gave us all the [Autists Explained](https://www.reddit.com/r/ASX_Bets/comments/mv1jsh/autists_ᵗᵒᵍᵉᵗʰᵉʳ_ˢᵗʳᵒⁿᵍ/?utm_source=share&utm_medium=web2x&context=3) Video version to clear up any misunderstandings over what our purpose is here. + +&#x200B; + +\- u/ken_oath_cunce provided a little walk [down memory lane](https://www.reddit.com/r/ASX_Bets/comments/myk7by/thanks_rasx_bets_for_12_months_of_stonk_tips/?utm_source=share&utm_medium=web2x&context=3), with a look back at some of the **MeMe** Stonks so far... + +&#x200B; + +\- u/reckless_rex ensured that [88E would be forever remembered](https://www.reddit.com/r/ASX_Bets/comments/mme88p/hitler_gets_the_drill_results_for_88e_stock/?utm_source=share&utm_medium=web2x&context=3) by all, not just those who lost thousands.... + +&#x200B; + +\- u/BabyGotBackAche gave us [This one.](https://www.reddit.com/r/ASX_Bets/comments/mbas2w/when_a_penny_rockets_but_youre_still_bagholding/?utm_source=share&utm_medium=web2x&context=3) + +Be honest gang, you've all been there.... + +&#x200B; + +\- u/Dark_Raiden_ comes in with another mention, this time for an explanatory video [On How to T+2](https://www.reddit.com/r/ASX_Bets/comments/n9ohcs/hitlers_t2_disaster/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/JDK-Ruler provided us with a reminder of the [Dangers of speculative investing](https://www.reddit.com/r/ASX_Bets/comments/mrt1ox/a_little_something_i_made_for_the_worst_stock_ive/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- No Shit-posting recap would be complete without a massive shout out to u/BigJimBeef. + +Singlehandedly keeping the sub afloat during the early months with shit-posts a plenty, I'm only going to link [This one](https://www.reddit.com/r/ASX_Bets/comments/mflga4/this_is_one_of_the_greatest_things_i_have_ever/?utm_source=share&utm_medium=web2x&context=3) as a personal favorite but there have been many, many more moments of hilarity from our resident Tasmanian. + +&#x200B; + +&#x200B; + +**BETS THAT CAME THROUGH** + +&#x200B; + +\- u/oz66mate and the [dubious shit clapping](https://www.reddit.com/r/ASX_Bets/comments/ipbpn3/baked_up_a_brown_creamer/?utm_source=share&utm_medium=web2x&context=3) + + + +**-** u/mechengguy93 and [eating his hat](https://www.reddit.com/r/ASX_Bets/comments/iv47fk/autist_eats_hat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/FameLuck and the [triple shoey](https://www.reddit.com/r/ASX_Bets/comments/n5gae8/shitty_meme_inspired_by_the_milk_shoey/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/tuzymandias and the [Jizzy boy](https://www.reddit.com/r/ASX_Bets/comments/lf94gp/alright_you_sick_fucks/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/T3MUR and the Pube drinking + +&#x200B; + +\- u/WistfulWhiskers and the original [Shoey bet](https://www.reddit.com/r/ASX_Bets/comments/n3qql8/tepid_foot_milk/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- Not technically a bet, but this was the most relevant place I could put the infamous [Cum Ritual](https://www.reddit.com/r/ASX_Bets/comments/kwvrxf/my_new_hero/?utm_source=share&utm_medium=web2x&context=3). + +The backstory is that a sub darling, **AVA**, had been lagging in some results and the **SP** was feeling the affects. + +u/ImHiFunctioning commented in the daily that they would perform *'the ritual'* and literally the next day **AVA** went up **30%.** + +&#x200B; + +There are a shitload more, you'd think that doing the Bans/Bets updates I would know what they are but if I've missed any that you have chuck them in the comments... + + + +&#x200B; + +**THE COMPETITIONS** + +&#x200B; + +The comps are something all the **Mods** agree adds a certain flavor to r/ASX_Bets. Initially, the Purge's began at 10,000 members and we have tried to move the scope of them through different perspectives, so it isn't just the same old shit. + +&#x200B; + +[THE PURGE](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge/?utm_source=share&utm_medium=web2x&context=3) Version 1 began as a straight up ticker/gains comp, ending with a [Blood Sacrifice](https://www.reddit.com/r/ASX_Bets/comments/hpaps9/the_purge_is_complete_time_for_a_human_sacrifice/?utm_source=share&utm_medium=web2x&context=3) to Tom. + +&#x200B; + +[THE PURGE 2 - DERIVATIVE BOOGALOO](https://www.reddit.com/r/ASX_Bets/comments/jkr1rz/derivapurgemass_aka_the_purge_2_derivative/?utm_source=share&utm_medium=web2x&context=3) saw the game shift up a gear into Options based trading. + +&#x200B; + +Our 6 month celebration coincided with the [SALTY TOPPINGS](https://www.reddit.com/r/ASX_Bets/comments/iv4d0v/asx_bets_6_month_old_celebration_begin_the_salty/?utm_source=share&utm_medium=web2x&context=3) competition, which pitted various sub members against each other in an epic ''*1 day stonk off*''. + +The [FIGHT CARD](https://www.reddit.com/r/ASX_Bets/comments/iwzuv6/salty_toppings_fight_cards/?utm_source=share&utm_medium=web2x&context=3) was drawn up, each combatant calling out the other in the initial competition thread. Real $$ were on the line, as a Market buy order was required for proof. + +[IN THE AFTERMATH](https://www.reddit.com/r/ASX_Bets/comments/izidkw/salty_toppings_the_aftermath/?utm_source=share&utm_medium=web2x&context=3), the winners decided to donate all their gains to charity, kicking off a theme of giving back that has flowed through the sub ever since. + +&#x200B; + +Will we have more competitions in the future? + +Absolutely. + +&#x200B; + +&#x200B; + +**THE CONTROVERSIAL** + +&#x200B; + +No sub-reddit that boasts of its degenerate nature as loudly as we do would be complete without its fair share of controversy and fuck me, we have had some controversy. + +Below is but a sampling of the stuff that has dredged up some divided views and some sub-altering legacies. + +&#x200B; + +\- The Next Investors [Next Link, Missing Link](https://www.reddit.com/r/ASX_Bets/comments/mrwmvg/the_missing_link_of_next_investors_why_you_should/?utm_source=share&utm_medium=web2x&context=3) write ups. I'm not going to make comment on it, suffice it to say that is was some pretty wild research... + +&#x200B; + +\- Making the [The Age](https://www.reddit.com/r/ASX_Bets/comments/lt8466/asx_bets_full_page_in_the_age/?utm_source=share&utm_medium=web2x&context=3), a full page add no less. There are a-lot more media articles folks have posted over the time, but I can't find them all and this post is already getting fucking long.. + +&#x200B; + +\- The saga that was [Pickle-Gate.](https://www.reddit.com/r/ASX_Bets/comments/lhhvuo/killing_pump_and_dumps_targeting_rasx_bets_for/?utm_source=share&utm_medium=web2x&context=3) + +Again, I've no desire to re-hash this, but reality is it was a defining moment here and to step out on a limb, I'll definitely say the work put in behind the scenes and the way your **Mod** team handled this really illustrated how committed we all are to keeping our shit tight. + +&#x200B; + +\- The [ASIC INTERVIEW](https://www.reddit.com/r/ASX_Bets/comments/mb3bfq/the_fuzz_are_here_asic_and_rasx_bets_q_and_a/?utm_source=share&utm_medium=web2x&context=3) was another defining moment for us. + +By now, these things had worked their way into our day to day reality of running this place. + +&#x200B; + +\- The [Director Crims Paradise](https://www.reddit.com/r/ASX_Bets/comments/lp8czt/the_director_crims_paradise_laws_and_the_unholy/?utm_source=share&utm_medium=web2x&context=3) post, in a lot of ways, changed the game for us. + +A lot of work went into this post. Behind the scenes, we often co-write a-lot of the material and it was the mutual feeling of the entire **Mod** team that the things said here needed saying. + +&#x200B; + +\- The blanket [Media Enquiries Responses Post](https://www.reddit.com/r/ASX_Bets/comments/laj16o/message_from_the_mods_to_media_inquiries_now/?utm_source=share&utm_medium=web2x&context=3) + +This became our default position when dealing with the Media during the whole **GME** thing. We value transparency, hence putting it out there for all too see. + +&#x200B; + +&#x200B; + +**HEARTWARMING STUFF** + +&#x200B; + +Sorry, these are just links to the warm and fuzzy stuff. Again, there are loads more so apologies to the many who I have missed in providing this mere sampling. + +&#x200B; + +\- The rises Of [Koality Content](https://www.reddit.com/r/ASX_Bets/comments/m63d8t/_/?utm_source=share&utm_medium=web2x&context=3), & [Koality content 2](https://www.reddit.com/r/ASX_Bets/comments/m8sfv4/asx_bets_in_print_in_the_australian_boomer_review/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/StinkyFatWhale and the [Charity Donations Pledge](https://www.reddit.com/r/ASX_Bets/comments/mpzbju/it_is_done/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- The [Christmas Give-aways](https://www.reddit.com/r/ASX_Bets/comments/kiek27/merry_christmas_ya_filthy_animals_presents_from/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/joneseph and the [Cancer donations](https://www.reddit.com/r/ASX_Bets/comments/mafb01/my_friends_dad_who_was_like_a_second_father_to_me/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- the [Charity Flair-a-thon](https://www.reddit.com/r/ASX_Bets/comments/m9uspj/since_the_charity_flairathon_began_we_have/?utm_source=share&utm_medium=web2x&context=3) and over $5000 donated + +&#x200B; + +&#x200B; + +&#x200B; + +Honestly, this post could go on forever. + +&#x200B; + +We haven't covered the: + +&#x200B; + +\- **AMA** (*Ask Me Anything*) posts we have done with various companies shilling their products so you Autismo's can get answers directly from the horses mouth, + +&#x200B; + +\- the massive amounts of Quality DD, + +&#x200B; + +\- the multiple ASX spreadsheets people have built and made available for you to access, + +&#x200B; + +\- the ticker trackers users have made freely available for you all to access, + +&#x200B; + +\- the tax programs that have been posted here free of charge, + +&#x200B; + +\- the 'Catch the falling knife series', + +&#x200B; + +\- The multitude of **YOLO's** over 100K + +&#x200B; + +\- the 'random ticker of the week' DD series + +&#x200B; + +\- The Share sight competitions, handing out free memberships to the lucky winners + +&#x200B; + +\- The Self Wealth access you have and the competitions they do on the sub + +&#x200B; + +\- The ''*official corporate shill*'' flair, which is attached to any official company rep so can summon them to get information + +&#x200B; + +\- The huge volume of information available to you all in the **WIKI** + +&#x200B; + +Etc, etc, etc........................ + +&#x200B; + +&#x200B; + +There is so much more, but this post is already stupidly detail heavy and long. + +Hopefully you get a chance to take some time and click the various links in here. If you haven't seen some of these posts before or you weren't around when it went down, its a good chance to get up to speed on some of the madness discussed here. + +&#x200B; + +Thanks for indulging, happy clicking!! + +&#x200B; + +**TLDR**: Αγαπάμε ακόμα την απώλεια πορνό ... +I have been studying forex and practicing since august 2020. I have invested my time and loads of money which i save in forex and lost almost all of it by learning on courses and trading on a live account. I stopped trading live and switched to demo. I start to ear profits on 3 trades then lose 10 trades. My mind is tired and I don’t think i can trade forex any more. It’s devastating that you learn and learn and see other’s earning but I’m still at the same position. I love forex and i wanna make a decent living out of it. Break the family chain and become independent. Work for my self. Any advice one what to do?? +This past week, we’ve been hearing about MSM featuring the “gambling sub” for the reason behind some Chinese stock going to crazy prices. + +They always reference the “gambling sub” as the community for GME stock holders in their online articles and Live News coverage. + +I used to think that this was because of a Boomer reporter’s (no offence) lack of internet knowledge or ignorance, but it’s not. + +This is 100% intentional, and the fact they continue to misdirect attention away from SuperStonk is SOOOOOOOO FUCKING BULLISH. + +After Google searching “SuperStonk”, you can see what I mean. Only B-tier and C-tier media outlets even name the community to begin with. Many of these articles are from 2021, with SuperStonk rarely being referenced throughout 2022. + +The opposite can be seen if you Google “the gambling sub” or even “[the gambling sub] GME.” It’s a stark difference. + +If the stock was really a joke, they would be linking to this sub and naming SuperStonk at every chance they could. They could ridicule us, call us every name under the sun, etc. + +But they don’t. They continue to act as if this sub doesn’t exist. + +They are afraid of people learning about the years of research that retail investors have completed about GME. + +They’re afraid of people learning about the wave of purple circles on the sub and seeing what’s actually going on. + +They are afraid of Superstonk and refuse to acknowledge its existence. + +This, my friends, is ultimately bullish. + +They do not want more John Stewart’s or /u/RealPulte ‘s. stumbling across our community and seeing what’s really going on. + + +Thanks for coming to my Ted Talk. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Found an interesting post on a property Facebook page calling a softening of the market. + +Despite being bullish on property, I’d have to agree with their point and think sentiment is going to change at some point mainly because +“in real estate, perception (or rather mis-perception!) can be a very powerful driving factor.” + +Thought you lot may be interested. + + +Post by Henny Stier: + +After what can only be described as the most surreal quarter of Sydney real estate, we are starting to notice some signs of the market shifting gears. I write this not as some keyboard warrior reading lots of articles. But as a Buyers Agent whose team physically inspects 50-60 properties per week and attend 10-15 Auctions each week. Because we really pound the pavement hard, we are able to really pick up on even the most subtle of changes in the market which I'm pleased to share with PTA. + +This is our on-the-ground observation of the past couple of weeks in metro Sydney area (we don't cover outer Sydney, regional or interstate so we can't comment about that): + +1. Most Auctions are still going very strongly. However, quite a number of properties have sold just a day or two before the scheduled Auction. Indicating that perhaps there was not as much interest as in the initial weeks or there was just one stand-out buyer in the end and a better outcome can be achieved by doing a deal prior. Fear of Missing Out (FOMO) is slowly being replaced by Fear of Over Paying (FOOP). + +2. The number of new listings has gone up dramatically and we expect this will continue in the coming weeks. Especially once school holiday ends. + +3. Vendor expectations and greed are at an all-time high. Every agent we speak to is having a hard time managing their Vendor's expectations - which seem to increase exponentially week by week! These are Vendors who have watched their neighbour's property sell for a ridiculous sum at Auction and automatically assume their property is superior (even when it’s not!) and therefore should get even more. + +4. Vendors are inflating the figure that they would sell their property for because they are factoring in the amount they think they would need in order to make their next move. "I know my house is currently worth $X; but the market might go up another 15% in the coming months when I will be buying, therefore I won't sell my house unless I get $X + 15%." + +5. Many buyers are feeling horrified, fed up and priced out. Therefore, many are either voluntarily or involuntarily taking a break from house hunting. Many still want to buy but quite simply can no longer afford the area they want to be in. So, they are calling time-out for now as they wait for the craziness to settle down. A dramatic rise in house prices of 20-25% in 6 months is just not sustainable no matter how you look at it. + +6. Q1 this year was characterised by panic buying and massive overpaying just for the sake of buying something. We expect Q2 to be a period where agents have to try and bridge the widening gap between astronomical Vendor expectations/greed and decreasing number of buyers who are prepared to pay anything. The most desperate of buyers have bought in Q1. There will still be some really desperate buyers - but each week that goes by, there are less and less of them. Those who are still looking will have a lot more properties to choose from in Q2 and Q3 - reducing the pressure to pay big bucks. + +7. As soon as the number of listings go up, the lemon properties will no longer trade so swiftly or at such high prices. There is an influx of lemon properties on the market at the moment. Many of them were only bought recently and the owners are keen to off-load them quickly while the market is still hot and buyers aren't as discerning. Once buyers have more choices, the lemons are going to sit around or get passed in at Auctions. + +8. As more and more properties get passed in or withdrawn from Auction last minute (due to the gap between Vendor expectations and buyers' willingness to pay up), there will be the perception that the market is not holding up. This won't necessarily be the case - but in real estate, perception (or rather mis-perception!) can be a very powerful driving factor. + +Our advice to anyone looking to sell is to do it sooner rather than later while there is still a surplus of highly motivated buyers. + +Our advice to anyone looking to buy has been pretty consistent. Focus on buying only A-grade properties which will stand the test of time. The more inflated the market is, the more you have to be careful with whose advice you trust and what you buy. If you overpay for the wrong property, you will be stuck with an asset that will underperform in the future and that you won’t be able to easily recoup your money from if you want to sell it for whatever reason. +I woke up a few days ago with a bank notice, stating that my account is -998.56. + +I immediately called my bank, and filed for investigation of what the fuck happened. + +I logged in and went over everything, going about a month back, tiny transactions that I didn't authorize, and even more recently, cashed checks that I didn't know about. +Three checks went through, each 'bounced' so I'm Assuming I'm not the only guy she took for a ride... + +The girl I was dating somehow came about money... Even bought me dinner... I'm not a very bright person, and I'm not good with money, so I usually don't check my account unless there is an issue.... So I noticed this all too late. This was all over a couple of days, and frankly, I haven't felt more used and stupid. + + +How can a bank investigate these fraudulent charges and come up with the verdict wrong? Don't they check ATM cameras to show it wasn't me? + +What can I do? I shut my card off, but my account is still in the negative, and they said the investigation is closed! + +Can I press another Investigation? What if I never get my account settled? + + + + +***edit***: thank you for your replies, I will be calling yet again tomorrow. + +To clarify, she did not have MY checks (thank christ) but she cashed someone else's on my bank account. My bank is Chase. + + +Also, no, I DID NOT give her my pin... Unfortunately I am a fucking moron, and had given her my voice mail password, which is exactly the same....... I never really thought I'd run into that issue... + +Just one more thing... +This is all extremely overwhelming. I'm incredibly glad that I have the help of a lot of professionals on this site. +All of you who took the minute to read, and minute or two to reply, thank you very much. I know its small, but I somehow feel a little better about all of this, and I feel like I have a hand in my future. + + +I still don’t think Ken Griffin the financial terrorist and criminal CEO of Citadel Securities in Chicago really understand what he’s done here… + +I was bummed about mid day when I couldn’t pick up the sub $90 dip. I put in an order for 1 more at $89.51 and was super stoked when it filled about 12:30 or so. Watched the price go up a bit then slide back down to its current $87.62. Here’s the kicker, I’m more excited that its sliding than I was when it filled at $89.51. + +They don’t understand still that they have created a fucking legion of retail investors that get more excited on dips that we do on rips. + +We have unlocked god mode. No media, no slander, no short attacks, no Fed bullshit, no war, no politics, no interest rates, no fud, no price can ever get us to fold. I will keep buying one by one and DRS’ing until I no longer have to, not because you made me. + +We are fucking inevitable + +Edit: Aye u/Gme_tweets this bot is absolute legend dude. You are next level 🙇🏻 +I'm going to college next year, and I was looking at house hacking as a viable early investment plan for myself. I have \~80k in cs:go skins I can cash out to around \~72-75k USD, as well as $20k saved up. My parents are willing to cosign, and I flip high-value domains for a good profit although it is not consistent income. + +Here's the problem. I will be going to college in cambridge, ma, and I want to buy a location near my college, but the options are extremely expensive. I want to take the risk and invest now rather than later, but I'm not sure if I'm being naive. Opinions? Thank you. +Wife and I are going shopping for a brand new car. Neither of us have ever shopped for cars before so any tips or things to remember/watch out for? We’re open to either purchasing or getting into a PCP agreement. + +In case it helps, our circumstances are: + +£8.5k max to put down as a deposit. Absolute maximum monthly we can commit to is £400. +We have a vehicle to dispose of but it’s not worth anything... 2006 banger + +Happy to answer any other Qs you might have to help with giving advice. + +Thanks. + +(Appreciate there’s a whole other discussion around the merits of buying new, we’ve decided to go down this route though) +So my mom and dad want to spend $20k on a house flipping training program: https://www.thelist.com/33978/untold-truth-flipping-vegas/. My parents are retirement age, currently unemployed, renting ($2k/mo, cheap in SoCal) and has $X0k in savings. She has a real estate license and has sold a few houses over the years, so I think she feels somewhat more knowledgeable than the average joe. + +My googling reveals that although the seminars and classes themselves are real (though questionable in practical value), it appears to be a way to sucker people into borrowing programs to fund home purchases. + +I’ve tried to convince my mom that this is a shady sounding business and worried they’ll blast thru all of their savings. My siblings and I are willing to help support their monthly expenses, find them a home to save money or invest in a property together. It seems to be a matter of pride that she wants to feel productive, successful and not reliant on us. I understand her desire but ironically, odds are that she’ll fail and make things worse + +Any suggestions on how to convince her to save her money and channel her efforts elsewhere? Thanks!!! + +Update 2/10: Wow, overwhelmed by all of the responses! Thank you for all of your support, suggestions and info. Will be reading through all of it today. +I want to invest in several growth sectors such as AI, clean energy etc. My goal is to make long term gains, nothing overnight. However the more research I do the less I feel I know and then I just feel dejected. There seem to be an endless list of potentially profitable companies to invest in and to avoid but then I read a new article that almost contradicts what I've previously read. I'd rather not settle for ETF's either as I would like to take more of an aggressive approach to investing which is probably ill-advised. How do you deal with this saturation of information and make your choices? +After taking a huge risk and accepting a “foot in the door” position at the end of 2019 at an hourly wage lower than I’d received in almost 8 years, I’ve finally managed to secure an offer for a promotion within the company that comes with a 57% raise. I am beside myself, I actually audibly gasped when I read the offer letter. The craziest part being, I’m getting a higher salary than I requested. I know that means I could have asked for much higher but that’s fine I’ll position myself for a large raise next year. I really worked myself to the bone to get noticed by the right people to make this happen, I feel like I can take a breath now. This is definitely a stepping stone for me but I can’t tell you how much my heart and mind needed the boost. + +Edit: Oh my goodness THANK YOU ALL this is the most kind hearted, supportive community. Hugs for everyone 🤗 +It's pretty mystifying how both mainstream media and online discussion in general keeps lumping together "real estate prices" in the capitals and elsewhere as one big clump, when the fact of the matter is that apartments and freestanding homes serve entirely different markets, demographics and life stages. + +They return different yields, are affected by different external factors, and require different amounts of upkeep, too. + +Saying that "property prices in X region have climbed Y%" without breaking them up by housing type is really deceptive, and just reeks to me of mainstream journos either not willing to put in the legwork to break them down further, or having an ulterior motive to wanting to disguise the figures in some way. + +Even the recent Corelogic figures posted here didn't break them down by housing classification... kind of irks me and just feels deceptive IMHO. +First and for the record, I’m a former Mod. I stepped away several days ago. With that out of the way a few comments/observations. + +1. It took less then a week for a Mod to start self promoting. + +2. It’s now ok for a Mod to dress down members of the sub. This is sarcasm. + +3. The Mods need to police themselves and be called out, if this sub is to survive. + +4. There are some great Mods here but they need full access so they can do what it necessary. + +I will avoid responding to this thread and let others voice their options if they choose before this post magically disappears. + +I hope others will carry on if this does get deleted. + +[Example Here](https://www.reddit.com/r/fatFIRE/comments/fqr90w/reflections_on_rounding_the_corner_on_our_first/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT: Wow, my Inbox is ready to tap out. You guys/girls are awesome. I’ll get back to all your personal message in due course. To answer the big question/common theme, no coming back isn’t for me and yes it was my choice to leave. +This is a huge deal when it comes to the psychology of power. The presupposition that retail hasn’t participated much in the last five months takes away the power and responsibility of retail for any upward price movement. It makes apes nothing more than leaves blowing on the winds of long whales battling short whales. Personally, I believe the apes have been in charge of their destiny from the beginning, are themselves the King Kong long whale, and have several orders of magnitude more shares now than they did in January. + +Edit: a comment said he used March, not January in his post about retail buying. Still, looks like retail has been buying hot and heavy since then too +Hi, I'm currently debating between putting money into QQQ and/or one or more of the ARK funds (have not decided on which). I have already set up contributions for my 401k (100% FXIAX) and my Roth IRA (100% VTWAX), and would like something to invest in a taxable account that's even more aggressive than the retirement picks. I'm fresh out of college so I have a high risk tolerance. What would y'all recommend? I'm interested in getting greater exposure in tech, but I'm assuming an ETF is still "safer" than outright buying a stock like Tesla? But what about an individual stock like Google? Thanks. +“Now that people are going back out again, GRPN will go up!” + +Stop it. + +“Nobody will be watching NFLX anymore, we should short it!” + +Really, stop it, you sound like an idiot. + +You only hear this type of armchair analysis from new traders. It’s not even fundamental analysis, it’s some arrogant mix of believing you figured out something nobody else has, and a twisted belief that predicting the market is easy (or even doable). + +Long term investors might choose stocks based off true fundamental research into a company’s overall health and prospects, or they might just pick the names of companies they use everyday (AAPL, AMZN, GM, etc.). Honestly, I’m not sure which way has a better success rate. Nor do I care. And why don’t I care? Because I’m a day trader. + +Half the time I don’t even know what company I’m trading, and I don’t want to know. + +All the matters is what is in front of me, what the market is doing, and am I ok holding overnight if needed. + +Roughly 75% of stocks follow the market (SPY is the best proxy), so I want to know how a stock is performing relative to that. If SPY is dropping, is the stock going up? If SPY is going up is the stock going up at a higher rate? + +If I pick a stock that has strength vs SPY and the market suddenly turns, I have some protection. The underlying has strength on its own (or weakness if you’re shorting). + +I also need to look at the 1/5/15 min chart, where are the moving averages, support/resistance, is there a continuation on the HA candles? Etc.etc.etc. + +And I check the daily chart. Why? Because if I do get stuck in the trade, I want to be comfortable holding for the short-term with some confidence it’s going back up (yes, good day traders are also good swing traders). + +Nowhere in this process do I care about the fundamentals or even the reasons why the stock is moving (unless it’s a sudden change - then I need to know if it has legs). + +There is no easy way to do this and anyone telling you different is either selling you something or about to lose a lot of money. + +Do 95% lose money? Maybe, I’m not sure where that stat comes from, but I wouldn’t be surprised if it’s true. I can tell you from my experience that around 95% of new day traders ask the wrong questions and show no desire to put in the time and effort needed to be successful at it. That doesn’t mean you need to spend years reading books on it before you trade, but you should at least know how to read a chart, have entry/exit strategies, use the best method. + +I constantly get questions from people, who are already in a trade, asking how they can find “support”, or wondering why their call option isn’t going up more. + +So stop trying to outthink the market, drop the “common sense” analysis, treat this like the job that it is, and then maybe you’ll become one of the 5%. +Not going to post too much bc I haven’t done the most DD. However, want an honest take on Corsair, the high growth, reasonably valued, leader in the quickly growing gaming industry. + +Their income and revenue keep getting better and better, and even if it slowed a bit the numbers would be impressive. + +Gaming is here to stay as so many people are into it and more will especially as esports continues to grow in popularity. + +20% market share in PC peripherals +40% share in PC components. +May not be the biggest moat, but they have a lot of share and brand equity that should help them retain and even grow this position long with competitor Logitech. + +Haven’t gone super in depth with financials but they keep paying off debt. And just really love the growth numbers with a P/E at around 20 right now making it more of a bargain compared to very low growth value stocks like Clorox . + +Am I missing something important or could this be a good buy? had some money to play with so have a small position but if it looks good would be willing to put more in. I know it was a WSB meme stock, but it really looks like a solid company with great numbers and reasonable value in this market. Thanks in advance for the feedback! +Apologies in advance if this is an inappropriate question to ask here, I wasn’t quite sure if my income qualifies me to be considered “fat” or at least in-progress “fat”. + +Backstory is that due to a series of lucky decisions and hobbyist interests in my teens I was able to become decent at what I do (software engineering) and after working at some hot startups in Europe I’ve now gone over to doing independent contracting, earning roughly 230k a year which is fairly comfortable for European standards. Currently camped out with my parents in a LCOL area due to COVID and have virtually zero expenses. + +Now my question is that I’m puzzled as to how the career progression looks like from here and was wondering if anyone has any ideas on what to do next. While I’ve worked in tech for about 4-5 years now (started in and after high school, self-taught etc.) and am able to succeed in “senior” positions with ease, I feel I’ve reached the roof when it comes to SW engineer compensation in Europe. As some of you engineers in here may know, software pays abysmally in the EU and my income is the exception and not the rule. + +My current strategy is to relocate to a cheap low-tax Eastern European country (Estonia, Latvia etc.) and save as much as I can (I work 100% remotely), but it feels like this is something that one does when one doesn’t have any better idea of what to do. + +If you were in my shoes and wanted to elevate your income and net worth, what would you do? Start a company/product startup, relocate to the US, change career? + +Once again apologies if this is the wrong subreddit to ask this question but most of my social circles are people in completely different situations, so don’t really have anyone to ask IRL about fatfire-tier career advice for young people. + +Thanks in advance! +I have a nephew who has some developmental challenges - he's self sufficient enough that hopefully when he gets older he'll be able to hold down a job, but I'm worried that he's going to have a tough time of it. I'm thinking of somehow creating something (a trust fund? I'm very ignorant of my options here) to help him out financially in the future. + +The thing is, I don't trust his mom at all (my sister-in-law). She is a manipulative narcissist and has been a cancer on our family. She is informally separated from my brother, but has manipulated him into not getting divorced, I think in part because it gives her leverage to pull more out of him on an ongoing basis than she would win in a divorce proceeding (and also I think that in court there's a good chance she'd lose custody entirely with her historical behavior, and I think she also knows that... but I digress). I worry that if I set up some kind of trust fund meant for my nephew that her status as his guardian will mean that she'll be able to get her hands on it. I also worry that with his developmental challenges, she will be able to retain that status into his adulthood. + +What sort of options are available for making an account on someone else's behalf that bypasses guardianship? Is that even possible? +EDIT: HOLY MOLY. I was honestly hoping for a few responses, so THANK YOU! I’m still working my way through reading all of the comments, but keep them coming! This post has become such a wealth of information and I’m very grateful for that. I’ve learned that where many of you live, our 5% we have saved would in fact be a 20% down payment, which is slightly depressing. I also really appreciate the comments discussing the current market and the downsides to buying right now. Again, thank you all so, so much! +• +• +• +• +• + +I’m not being facetious, I’m genuinely asking if someone can explain to me (like I’m five) the steps to take to buying a house. + +We will have around 5% to put down in a month or two, and that’s all I’ve got so far. + + +Do you get pre-qualified for a loan first? Is the bank a best place for that? + +Do I just go on Zillow and set up tours? Is a realtor better? + +People always mention closing costs…does that need to be something you save for separately? Or do you factor that into the loan? + + +We will be first time homebuyers. We don’t have any family near by and have two small children. We need the help and are looking to move close to family. Renting isn’t going to be an option because we will never find a house to rent in our price range that will allow our dog as well. Thank you for the help! +It seems like everyday, there's a media talking head laughing at cryptocurrencies by saying it's "magic internet money" that doesn't really exist in the real world. They are telling us that BTC, ETH and such are basically worthless because it doesn't have a physical existence and are not backed by a government. + +Well, those people conveniently forget that fiat money doesn't exist, either. Well, most of it. + +You see, banks are allowed to leverage their holdings in what is called the fractional reserve banking system. If you deposit 100$, for example, they only keep a fraction of that money in cash (let's say 20$), and they use the remaining 80$ to generate yield, generally by lending. What that means is, if every customers of the bank tries to cash out in a short amount of time, **the money won't be there, because it's been lent and doesn't exist anymore**. + +When you deposit cash in a bank, what you get in return is basically a glorified IOU. Should the bank get into trouble, your cash could very well disappear. + +Now, of course, the governement can intervene to prevent such bank runs. But it's always in the favor of the rich. That's what happened in 2008-2009 : the fat cats got bailed out, while the ordinary citizens went into bankruptcy. And it only works in stable countries ; when you live in a failed state, the government won't help you in such a crisis. + +Compare that with crypto. If you are in control of your keys, and assuming their are not compromised, **nobody** can access your funds without your permission. Not the wallet devs, not the government, not the DEX. Nobody. **You are in full control, and you will still be in control even if the governement of your country collapse**. + +In that sense, I think that cryptocurrencies are actually more real then fiat money. Decentralised networks are much more resilient then centralised authorities, and therefore are more likely to survive in the long-term. + +I think we still got a few years ahead of us before the mainstream media catches up with this revolution. Until then, I will accumulate as much as I can. +I’ve read quite a few articles over the past 6 months that frame the current cost-of-living stress in Australia as a result of the disparity between wage growth and the rate of inflation. Here is where my confusion enters. + +My understanding is that the country’s current approach to fighting inflation is to reduce the typical household’s purchasing power through interest rate hikes. Decreased purchasing power results in decreased demand. Decreased demand forces companies to lower prices or they’ll have no one left to buy their goods or services. So, if wages kept up with inflation, companies wouldn’t be forced into a position where prices must be lowered and inflation would continue. + +So why is it that the media points at this disparity between wage growth and inflation as if it isn’t a big part of the strategy to combat inflation itself? Isn’t it that stifling demand through the reduction of real wages is precisely the strategy chosen to try and bring inflation backdown to the 2-3% sweet-spot? Or am I getting something wrong here? +So recently I've stumbled into credit problems due to not being able to pay for all of my daughter's unexpected medical bills and this month I accidentally paid in full one of my credit balances and realized I was not going to be able to pay this months mortgage. So I decided to go online and find a payday loan. They called and said I could get a loan for $1K (enough to pay this months mortgage) but that I would be charged $1,475 at the end of the month. I said wtf! And then they said, good news, you're recieving $25 off! I was like "Are you joking, I'm not interested" and hung up. + +So I got an email saying that my payment to my mortgage company went through so I'm guessing my bank paid it anyway. When I went online I found that many places are charging 300 to 600 percent interest! That's absurd! Talk about predatory, might as well go to a loan shark or something, Jesus! + +Edit: Apparently I was being charged 600% from this particular company, I had wrote 50% before but that was incorrect. + +Update: The bank honored my payment but now I'm in the negative, lol, ugh. But at least I got my holiday shopping done first and that card is paid off, lol. +Hi UKPF + +I’m in a tricky situation at the moment and being able to access my pension pot would allow me to repay all my debts and start over new. + +I’ve seen advice saying this isn’t a good idea due to 55% tax from HMRC on accessing your pension pot before 55 years of age. + +In my situation right now, being able to access the remaining 45% will put me back on track and I’ll be able to overpay in the future to gain this back. + +I can’t see any “how to” online to request access to my pension pot and pay the 55% tax penalty. + +Please can someone advise me on how I can do that? + +I know this is against advice, however this is the right thing for me right now. +We both live abroad, Indian citizens, but permanent residents of other country. None of us has worked)earned in India in the last 10 years and have paid taxes in our resident country for last 10 years. + +Both earn abroad. Income is more than 15L/year. + + + +Wife has a considerable amount of cash in an Indian Bank account transferred by her parents. + +She also has some considerable amount of US$ in a Dubai account. + + +We have a small child and we realised that we want to stay in India for a couple of years and stay close to our family and roots. + + +We've been told we can't stay for more than 180/182 days ( can't remember), else we will need to pay tax on the holdings. + + +Can someone who's an expert here help with our situation. We've already been in India for 4 months. We would like to stay in India for at least 18 months more, but don't want to pay an unnecessarily large amount in tax (we don't mind paying tax on salary). +Interest rates going up quickly and it feels like they’re not going to stop any time soon. But the reason for interest rates going up is to tackle inflation which is caused by too much spending on discretionary purchases. So it makes me think that although there are many news reports saying plenty of people are under mortgage stress, the increasing inflation suggests that we just don’t care. Is it because we are all getting second jobs? Is it because we all saved up a large amount of savings over the COVID lockdowns? is it because our habits of spending is too hard to remove? + +So I was wondering, which mortgage stress zone are you in? And how are you feeling about the whole rise in interest rates? + +Stress free zone: <20% pre-tax income goes to mortgage repayments. +Stress danger zone: 20-30% pre-tax income goes to mortgage repayments. +Mortgage stress zone: 30%+ pre-tax income goes to mortgage repayments. +Whilst I don’t think she has the greatest command of economics I find her journey quite interesting. + +- aspiring first home buyer +- despair at the system and how hard it is to buy competing with investors +- finally buying an apartment after adjusting her search +- probably thinking she bought the top when Covid hit +- experiencing equity gains and exploring investment opportunities +- deciding property is most appealing due to leverage +- now seeking to become a property investor +- recognises the irony of person position now but still supports reform of the system + +It’s almost like the transformation is complete. It resonates with me as I went on a similar journey. + +Where ever you are on it recognise you’re on a journey and don’t despair. + +[link to article](https://www.smh.com.au/money/investing/i-d-hate-me-too-why-i-ve-decided-to-become-a-property-investor-20210916-p58s1p.html) +🍁 420X 🍁 + +&#x200B; + +Come meet the Developer Team! + +&#x200B; + +On Telegram - We are Live. Real time. In voice chat. Seriously!! + +&#x200B; + +We are going to the Moon, Uranus AND Pluto. + +You coming with us!? + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +If Binance Tweets at you the 1st day, you ARE going to Moon + +&#x200B; + +Tweet - Binance tweeted at them. WOW! + +&#x200B; + +[https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21) + +&#x200B; + +This blowing UP. Im so glad I aped in! + +&#x200B; + +Why I Love Them? + +Continuation of Voice Chat in Telegram 24 Hours + Interaction between Devs & Community. It's a family. Come Join! + +&#x200B; + +🏆 Achievements + +&#x200B; + +🔥 12K Holders -> 4k Increase in 24 hours + +&#x200B; + +💸 Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +&#x200B; + +🔥 reached ATH of 12M Market Cap right now! + +&#x200B; + +🔥 Just Featured In WSB Instagram + +&#x200B; + +🔥 Burned 340T tokens and burning more very soon + +&#x200B; + +🔥 CMC, CG in progress + +&#x200B; + +🔥 Whitebits in progress + +&#x200B; + +🔥 Crazy amount of mentions from Youtubers and Influencers + +&#x200B; + +🔥 Trending on r/CryptoMoonshots/ + +&#x200B; + +🔥 Poocoin banners + +&#x200B; + +🔥Ongoing twitter giveaways + +&#x200B; + +🔥 TechRate Security Audit + +&#x200B; + +🔥 White Paper + +&#x200B; + +🔥 Daily AMAs + +&#x200B; + +🔥 Daily Raids activity at 4.20pm UTC 🔫 + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +🗓 Upcoming: + +&#x200B; + +✅ More social media giveaways soon + +&#x200B; + +✅ Already paid for more marketing campaigns (Big Youtubers and tiktokers) + +&#x200B; + +✅ Spoken to Cointiger/Swft/BitMex for expedited listing 😍 + +&#x200B; + +✅ Multiple incoming Shout outs and mentions from large Social Media Influencers and YouTubers + +&#x200B; + +✅ 80T Burn incoming very soon (8% total supply) + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +🚀420x Tokenomics + +&#x200B; + +💥 Total Supply: 1,000,000,000,000,000 + +&#x200B; + +🔥 Burned before Pre-sales: 250,000,000,000,000 + +&#x200B; + +🔥 Burn Road Map: 170,000,000,000,000 + +&#x200B; + +👑 Dev Wallet: 75,000,000,000,000 + +&#x200B; + +🍀 Presale: 505,000,000,000,000 + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +This is a deflationary coin (unlike us high af) with a limited supply. No more $420x can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +&#x200B; + +💎 4% fee redistributed to all existing holders. + +&#x200B; + +💎 4% fee is added back into liquidity. + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +🚀 Token: + +&#x200B; + +❇️ Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) + +&#x200B; + +🍰 Buy here on pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +📈 Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +[https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc](https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc) + +&#x200B; + +🔐 Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +&#x200B; + +🔐 Renounce TX: [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +&#x200B; + +\-------------------------------------------------------------------- + +⚡️ Official links: + +&#x200B; + +💬 Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +&#x200B; + +🌐 Website: [https://420xcoin.com/](https://420xcoin.com/) + +&#x200B; + +[https://420xcoin.com/ebook.pdf](https://420xcoin.com/ebook.pdf) + +&#x200B; + +[https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) + +&#x200B; + +[https://420xcoin.com/whitepaper.pdf](https://420xcoin.com/whitepaper.pdf) + +&#x200B; + +🐦 Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +&#x200B; + +🔥 Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +&#x200B; + +👁 TikTok: [https://www.tiktok.com/@420coin](https://www.tiktok.com/@420coin) +Hi all, +Just starting out developing my first trading bot in Python and would love to hear some recommendations for useful libraries available. + +My current (work in progress) setup: +- Downloading current and historical data using python-binance https://python-binance.readthedocs.io/en/latest/ +- Using pandas to handle data manipulation +- sqlite3 db for saving and retrieving data +- Started playing around with plotly for generating charts / graphs +- Currently just calculating SMA and MACD with my own functions, but realising it would be much more helpful and better use of my time to leverage existing libraries to extend the analysis capabilities! + +Keen to hear what others are using and their experience, pandas has been great for handling data and plotly looks powerful but I'm only just starting to scratch the surface of their capabilities. I certainly need to expand the number of technical analysis indicators and my data visualisation capabilities, so would be interesting to see what others have done here! +The title pretty much says it all. Whether you're throwing your money at the latest meme coin or you've spent a lot of time DYOR on some promising project, it's a good time to remind people that 90+% of these projects simply will not make it. + +Maybe they die completely, or maybe they just linger at the fringe like some projects have, just crabbing sideways (or downward) for years. + +So a good idea is to, whenever your favorite crypto doubles, take out your initial investment. Yes, it could keep going up and you'd miss out on those gains, but it could also go down and you'd lose everything. + +Once you've taken back your initial investment though, you are playing with free money. You'd be surprised just how relaxing it is to check the charts on a "free money" crypto and not really care if the latest candle is red or green. + +A good strategy is to continue doing the same thing every time that coin doubles. Take out half, leave the other half invested. Rinse and repeat. It's a super easy way to always know when you should be taking profits along the way, and also a way to always have dry powder to buy into any available price dips. +I thought that this kind of things happen to others, but I was wrong. Ethermine mined the block with this transaction, do I have any options or not? I contacted Ethermine on Twitter, not sure would they help me... [https://etherscan.io/tx/0x5641c38bf30fd19ad3332100762017573ee676f35250dcf4a976bb0cfe31ac2f](https://etherscan.io/tx/0x5641c38bf30fd19ad3332100762017573ee676f35250dcf4a976bb0cfe31ac2f) +I have worked in Spain (2.5 years), Sweden (2.5 years), Germany (7.5 years) and now I am moving back to Spain. Should I ask for my social security contributions in each country or should I let it be? + A friend of mine\* in his mid-twenties has received £20k in benefits arrears after years of delays and appeals. The benefits system isn't designed for a person to have savings, in fact you aren't allowed to have over £6k in savings without being penalised through Universal Credit. Because he received this money in arrears due to their mistake, he has 1 year from the time he got it to spend it (about 5 months left now) before they will count it towards his savings - at that point, if he still has the money his payments would be cut off and he would have to re-apply once he had spent it. + + +They count capital, investments, and real estate towards that 6k. Personal possessions don't count. + + +He is disabled, but roughly 1/3 of the time you couldn't tell. 1/3 of the time he's barely able to function, and another 1/3 he can kind of scrape along. He can't work or go into higher education. + + +He doesn't drive, and probably would not be able to, so he can't buy a car. He also doesn't have much interest in traveling, so expensive trips won't do. + + +Right now he lives with his parents who give him what support he needs, and he contributes to bills. He'd like to own his own place where a carer could come by once a day for a few hours or something like that, but unfortunately 20k is not nearly enough. There is possibly an option of buying a nice camper van or something like that, but then there's the question of where can he put it, utilities, is it close enough to the services he needs, etc. + + +His only real hobby is gaming. He doesn't have expensive tastes, and in fact really struggles to spend money that he doesn't need to spend (probably coming from a lifetime of having next to no income). Even spending somewhat extravagantly from his perspective, after 6 months he has barely made a dent. He has never had any more than a few hundred pounds at a time, and honestly has no idea how to spend this money short of giving it away. + + +He has had a tough life up to this point. Ideally he would be able to spend this money in some way that would put him in a better life position. Ideas? + + +\*He hasn't asked me to post this, some details are changed to protect his identity. +I asked what someone's real world annual rent increase looked like: [reddit.com/r/realestateinvesting/comments/tbp817/comment/ihiew8d/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/realestateinvesting/comments/tbp817/comment/ihiew8d/?utm_source=share&utm_medium=web2x&context=3) + +||Rent|Time/Event| +|:-|:-|:-| +||$1,875|2012| +|3.0%|$1,931|2013| +|3.0%|$1,989|Tenant vacates| +|5.6%|$2,100|2015| +|3.0%|$2,163|Tenant vacates| +|8.6%|$2,350|2017| +|3.0%|$2,420|2018| +|4.3%|$2,523|Tenant vacates| +|3.1%|$2,600|2020| +|3.0%|$2,678|Tenant vacates| +|2.7%|$2,750|2022| + +This worries me because I inherited a long-term elderly tenant. I do not want them to leave! + +I raised rent a little in the beginning (to $500). I set a clear expectation for them for rent to increase to $550 six months later. Now they are about $50 below market. + +Market rent is around $600 (one-bed, one-bath, basement storage, 1.5 car garage, technically uses one extra car space on surface lot that could be rented to someone wanting boat storage). + +I crunched the numbers, and my projected leveraged IRR over 20 years (ROI, technically CoC return, over time) would be... + +* 28% with a 3% rent increase per year +* 25% with a 1% rent increase per year + +In those 20 years, that's a difference of \~$24,000. + +I hope I didn't lose you in the weeds. This tenant pays on time and seems to care for the property (even though they avoid even minor improvements like the plague). I'm just wondering what you do or would do with a retired tenant. They were inherited. **How much would you increase rent by?** + +They are getting a new furnace (\~$4000 total), new water softener (\~$500 total) and various updates (at least $500). + +Related + +* [reddit.com/r/realestateinvesting/comments/rk3fsw/raising\_the\_rent](https://www.reddit.com/r/realestateinvesting/comments/rk3fsw/raising_the_rent/) +RC knows the right strategy to cripple these corrupt hedge funds. + +Take huge chunks of market share from the biggest industries on Amazon. + +PET / GAMING / ELECTRONICS / HOME GOODS BEYOND + +Wouldnt be surprised if he went HAM on Kohls next. + +This man has been playing 8D backgammon and knows Big fullfillment centers + excellent customer service = better than shitty amazon. + +To the moon 🚀 🚀 🌙 +So I've been using Stake ASX since the beta opened up and I've had numerous issues -unable to sell on demand, having negative shares and being locked out by them. + +Multiple times, I've sold stocks only to receive 'negative' shares once I've done it. I'm then unable to buy those stocks again as it then just shows '0' shares and I have no stocks and no money to show whatsoever. If I buy a different stock, my buying power is crippled and I for sure cannot re-enter what I just flipped. This has often occurred at a pivotal moments right before I am able to flip i.e LOT at 0.245 today right before going to 0.26 (+6%). + +To correct this, they often reverse all my trades and sell my stocks to make up the difference. With nothing offered but an email as a form of communication and apology. + +Last year, I had bought LKE for a flip for 0.80c and they sold it for 0.74 to make up the above difference, only for it to moon to a dollar in less than 2 weeks after. They also sold my uranium stocks at the literal weakest point right before it mooned in Jan. They then put a minus $10M hold on my account barring me from making any further transactions cucking me for days. + +After being denied well over 50K in gains, my own 10K capital and having it occur again today without any response from them I have had enough. I'm making this complaint on here today, just for everyone to know that this happens. To not entrust anything more than play money on their stake accounts -the $3 brokerage isn't worth the stress of having any decent sized portfolio in there. I have no regrets leaving the big money in the big banks. Depending on how this outcome is resolved, I am going to seriously consider what legal options I have. Goodluck to everyone else out there. + +https://preview.redd.it/pmxpvynlabf81.png?width=576&format=png&auto=webp&s=c1d91e3c08b233c4dbaa9f8ec5528d1f33e994e0 + +https://preview.redd.it/4m4a7l6dbbf81.png?width=921&format=png&auto=webp&s=5cbab7192af6522b75b2fe8233edc33bc0f1b833 + +Update 1: They called and are reversing my trades and have asked me to sell by noon. They offered $1 off brokerage as compensation. After selling off 46k, I'm now at equity of 133k with nothing to show for it. FUCKING RIP 100k. + +&#x200B; + +https://preview.redd.it/6lkgbkv5nif81.png?width=576&format=png&auto=webp&s=8fa512bce7119e6d7bd65a92beea42467bd919ce + +&#x200B; +I understand that growth investing vs dividend investing are for people with slightly different goals. + +I see some individual companies like coca cola and microsoft have a good history of dividends and also growth so I understand investing in those. + +But for things like QYLD, JEPI, JAG, MAIN, and even DIVO, I would only look at those as something for people with less than 100k to invest because if you are investing more than 100k, you can compare these ETFs to purchasing an investment property which is likely to pay a similar amount per month in rental payments but also appreciate in value over time as well as expanding your portfolio into another sector. +Is it just about risk? being afraid of a natural disaster destroying your property or whatever? (which is a valid concern) +I'm curious to know more about the state of the Australian IT job market in terms of salary, experience, and roles. Most people that actively post here skew things to the higher end in terms of salary, giving people a false impression of their earning potential. Many people also work for overseas companies or are living in the US and still come to this sub since they're from Aus originally - and we all know that US IT jobs pay much better than here. + +So I invite anybody and everybody here regardless of experience or salary, that works in IT/software development, to post what you do, how much you get paid, what your role is, and whether you enjoy it! + +I can start. + +Software engineer. 4 years experience. $87k base salary (+9.5% super). Private sector. +Let’s create some controversy. As I think about my financial future and life, I am drawn to a specific conclusion. That is that my FIRE has and will continue to depend on who I married. My spouse is the single most important reason that we will be able to retire early. Sure, I do ok in the salary market but the difference between one salary and 2x that is enormous. I look at my own family tree to see those that married “Financially” well will be fine but those that didn’t struggle. It sounds mean and not politically correct but who you marry is a major influence on your ability to Retire Early. Do you marry a spender or a saver? An income producer or an expense? A long-term planner or a short term instant gratification person? You have the choice, choose wisely… +I recently sold my car to Carmax. Carvana offered 7500, the dealer offered 8000. Carmax would not give me an appraisal unless I went to a store so I wasn't going to bother but after a meeting was cancelled I decided to go over to the local store. I was hoping for 8500, as KBB trade said 9k. To my shock they came in at 10,000. + +This was for a 2017 Sonata SE with about 60k miles. Clean car but had an accident in the history report from a minor fender bender which seemed to be a big deal for Carvana but not Carmax. + +YMMV +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/wsNDGTf5QH). +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/wsNDGTf5QH). +Can we create a list of politicians who support illegal market activities and have a list of their donors under their names? Seriously, some of those politicians sounded like total tools during the hearing today. One of them even used a death to justify screwing retail. He COMPLETELY missed the mark. These people are honestly disgusting. Many of you were bringing up their donor lists during the hearings. We should support the guys and gals who are moving to end the abuse of power that the market makers and hedge funds have used for so long. These corrupt politicians are aiding the rich elite to rob millions of retail investors and it needs to stop. These people will only care once their power is under a real threat. Not only would it spread awareness, it would be wonderful to have a list to come back to when it's time to vote. + +These old shitheads litterally insulted our intelligence today. I don't know about you guys but I'm fucking PISSED. Today showed Citadel is literally buying politicians. They are supposed to represent the 99 percent, not the bloody 1 percent. Until Citadel dies, I will buy and HODL. They need to be deleted out of existence for the benefit of all future generations. + +People you would likely catch venting in Among Us (Sus): + +1. Jim Himes - https://www.reddit.com/r/Superstonk/comments/n6do8a/rep_jim_a_himes_is_a_disgrace_to_the_american/?utm_medium=android_app&utm_source=share +2. David Scott - https://www.reddit.com/r/Superstonk/comments/n6bwe3/fuck_this_guy_how_do_we_hold_social_media/?utm_medium=android_app&utm_source=share +3. Bill Huizenga - Hostile towards DFV liking the stock (need reference post). +4. Alexander Mooney - https://www.reddit.com/r/Superstonk/comments/n6f5az/no_i_would_rather_pay_the_commission_fee_and_ban/?utm_medium=android_app&utm_source=share + +Edit: For some of you saying "let's not bring politics into this." How do you propose a MOASS happens if it costs Citadel nothing to reset FTDs and nothing to create naked shorts from thin air? They are the ones fighting to buy time to avoid solvency just like they did in 2008. The only body that can create regulations to stop this bullshit is the U.S. Government. And isn't it a tad bit ironic the part about naked shorts got cut off from the hearing and they never brought it up again? This is TWICE now. Fool me once shame on you. Fool me twice, shame on me. I guess horse racing is more important to our elected officials. This is important. The MOASS isn't going to magically happen if they have these unregulated firms controlling the market. Please stop protecting these scumbags buying time for Citadel with the "no politics" banter. It's hurting the chances of the MOASS more than helping it. + +Edit 2: For the very few apes saying politics will cause a rift. How? Why would any ape support a politician against a fair market? Its uniting us, not dividing us. Need proof? Sort by new. All my apes hate politicians who support market manipulation. So stop spewing your bullshit here. We have the right to be angry after today. + +Edit 3: if you have social media please show love to the politicians that had us in mind as well! +You guys have convinced me, I’m ready to buy some shares. Never done it before and don’t know how to. + +What app/service do you guys suggest for buying them and what other things should I watch out for? + +Very eager to learn and see what the future holds lol. + +I am in Europe btw if that makes a difference. + +No idea what to put as flair but hype is reflective of my current state. +Last year I (24f) inherited a significant amount of money that has changed my overall perception of finances to say the least. I have had a financial advisor with a mutual company for a while who is a family friend, who I trust, and obviously I kind of looked to him and his team for guidance because I’ll be the first to say I don’t know a lot about money decisions. + +A few weeks ago, he and his partner advised me to invest in a $200k permanent life insurance policy. Trusting that they were advising me on what was the best choice, I agreed, and paid the $2300.00 annual premium for this year. + +Earlier this week, I had an advising appointment with a CPA, who I’m planning to work with on creating a trust for my assets. I mentioned in our conversation that I had purchased this policy, and he said he wasn’t sure why anyone would advise someone who is 24 and healthy to invest in such a policy. + +I’m mostly wondering if this kind of policy is worth having, and if this really was the best move these advisors could have suggested for me. They explained having this kind of policy to be like “buying a house instead of renting an apartment.” + +Looking for opinions here because I’ve really appreciated browsing this community the last few months and I could use some unbiased feedback. I can provide additional information if I left anything out. Thank you in advance! + +EDIT: The CPA was doing a comprehensive evaluation of my current situation, not planning the trust for me. I have an attorney who I would go through to actually write and establish the trust. My wording did not explain that well! +I've accomplished a bit less than ten percent of that over the same time frame and I want to step up my game. If our discussion were a YouTube video, what type of questions would you want to hear answered? (Atlantic Canada) +2022 is approaching and so are my mid 20s, lol. I want to make better financial moves to offset my setbacks in my earlier years. I know COL/industry is also a factor but generally what is/was your salary when you were able to max out both your 401K account ($19,500) and personal IRA ($6000)? + +I still make under $40K/yr but I plan on getting that changed significantly within the next year or so. + +I’ve maxed out my IRA for 2021, but to max out my 401K, I’ll need a bigger salary to be able to contribute and maintain my budget for monthly expenses. + +I make about $2000 a month after tax and my expenses/contributions are about $1800/mo. + +Thank you for the help. + +**Edit: Thank you all for your feedback and contributions. I have a much better understanding of where my salary figure should be headed. Of course I’ll keep an eye on the budget and lifestyle creeping, thank you again!!** +I'm going to keep this short as I had just found it. Also am super smooth-brained so fact-check and this constitutes as NFA pre-amble. + +&#x200B; + +[The largest litigation ever against the SEC and the Department of Justice of the U.S. was at the sum of 3.87 trillion. The company? CMKM Diamonds. I'm sure some of you beautifully wrinkled apes already know this tidbit, but to those, like me who did not....](https://preview.redd.it/v89e5efu43n71.jpg?width=620&format=pjpg&auto=webp&s=9d664289d82a6330f2aff6f95e093633f53f787f) + +&#x200B; + +The suit contends between June 1, 2004 and October 28, 2005 "a total of 2.25 trillion 'phantom' shares of CMKM Diamonds, Inc. were sold into the public market through legitimate brokers, illegitimate brokers and dealers, market-makers, hedge funds, ex clearing transactions and private transactions." + +[https://www.benzinga.com/pressreleases/m172923/cmkx-shareholders-coalition-multi-trillion-dollar-class-action-suit-filed-agai](https://www.benzinga.com/pressreleases/m172923/cmkx-shareholders-coalition-multi-trillion-dollar-class-action-suit-filed-agai) + +Turns out that there were execs in the company working alongside mm's, brokers and dealers issuing trillions of shares. + +Here we go again with the word "glitches". The ticker experienced it as well: + +&#x200B; + +>During the spring and summer of 2004 the promoter from Saskatchewan, Mr. Casavant, then CEO, issued a paper mountain of stock, probably close to a world record. **By September of that year, the shares outstanding had ballooned to nearly 780 billion.** (In December 2004, around 75 billion shares were retired, reducing the outstanding to 703 billion, where it stands today.) On one day, CMKM traded 39.6 billion shares, presumably more than all the volume on all the exchanges of the world combined. The trading volume regularly triggered -- at 2,147,483,647 shares -- a 32-bit signed integer glitch in all quote services except Stockwatch, which programmed around the problem. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=46748341](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=46748341) + +&#x200B; + +>\[Complaint paragraph 31\] During the period of June 1, 2004 through October 28, 2005 a total of 2.25 Trillion “phantom” shares of CMKM Diamonds Inc., was sold into the public market through legitimate brokers, illegitimate brokers and dealers, market makers, hedge funds, ex-clearing transactions and private transactions. The sales of the majority of such shares were at all times known to the Securities and Exchange Commission, including Defendants herein. +> +>\[Complaint paragraph 32\] At some date prior to June 1, 2004 the Securities and Exchange Commission in concert with the Department of Justice of the United States, together combined with Robert A. Maheu and others to utilize CMKM Diamonds, Inc. for the purpose of trapping a number of widely disbursed entities and persons who were believed to be engaged in naked short selling of CMKM Diamonds Inc. stock and cellar boxing the company. +> +>[https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/](https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/) + +The kicker is that those plaintiffs have not been reimbursed for it. + +An affidavit in 2010 was filed in BC, Canada by a shareholder stating: + +>12. “During the period from March, 2004 through August, 2006, on behalf of CMKM Diamonds, Inc. Robert A. Maheu, with assistance from others, negotiated a settlement with the illegitimate brokers, dealers, market makers, hedge funds, and other persons and entities that had engaged in naked short selling of CMKM Diamonds Inc. stock and cellar boxing the company. In exchange for a U. S. Government promise of no prosecution for such sales, the wrongdoers each promised to pay negotiated amounts to a frozen trust for disbursal at a later time.” +> +>18. The fact that the SEC participated in a sting operation using CMKX, then lied to CMKX shareholder representatives is only one issue in this case, the second is the modus operandi of the SEC and other regulators involved, including the U.S. and Canadian Governments, and in particular the RCMP and FBI. Given the fact the SEC and these authorities have conducted sting operations over the past decade regarding the counterfeiting of the stock market it needs to be explained how the same crime continued unabated for a decade by the same perpetrators. Evidence that will be presented by the Coalition will include congressional investigations and whistleblowers from the SEC that clearly prove the SEC has engaged in several well known cover-ups of crimes involving the counterfeiting of the stock market and are in fact “in bed with the industry” they regulate to the point where they make regulations with the same perpetrators which aid in facilitating the crime and its cover-up. They have ensured that retail victims and the companies they invested in would never recover from the fraud committed against them, and they made sure the perpetrators would not be held accountable, the whole time multiple Government Agencies and authorities watched and did nothing to prevent trillions of dollars in loses to the general public who were unwitting victims in this pandemic fraud. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=46161931](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=46161931) + +Link to Hodges and Associates VS SEC 2010 Filing: [https://docdro.id/VrMbEDd](https://docdro.id/VrMbEDd) + +Link to SEC response to Hodges filing: [https://docdro.id/YOPhDCQ](https://docdro.id/YOPhDCQ) + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Today is pure optimism and the reaction to good news (or what looks like good news). Fiscal stimulus is anything but certain by tomorrow, FED is doing unlimited QE, and Trump thinks the US can open up by Easter. + +Fiscal stimulus takes time to kick in and for many people and businesses comes a week too late. It helps putting money in the pockets but doesn't suddenly restart the economic apparatus -only consumer and investment confidence do that. + +Unlimited QE is like fishing with dynamite: quick results but a lot of underlying damage. lts worth noting that this is not a financial crisis but a public health crisis with financial implications. The FED can at best alleviate some symptoms but that's it. + +The US is not testing nearly as fast as Korea (17 times less tests per capita when I checked this weekend), nor is it taking the lockdown serious. Unless a million tests appear by this weekend so the virus can be traced and narrowed down, Trump has to face the reality that he either locks down fully now or blows this crisis out of imaginable proportions in less than a month by opening. + +So in my opinion, how does a bottom look like? 20-30% drop from the current level, with decreasing volatility starting in one or two weeks when the spread of the virus becomes more clear and the economic data hits us hard. Shy but ever more common gains and then more big rallies than drops (but not 10% if that's what you want). + +We've only had one VIX spike, in 2008 there were 3. Also plenty of examples of fake rallies like today's and the first Friday of the month. The sp500 was grossly overpriced in February, so whatever it fell until the first days of March was barely an overdue correction. Now you have to input recession to get the true dimension of the collapse. + +Disclaimer: this is just my opinion and I'm not offering investment advice + +Edit: just to clarify I don't expect vix under 20 this year. When I say low I mean 30s perhaps 40s. I also know markets recover before clear good news begin. When I say let the economic data hit us I'm talking of at least having an actual dimension of the problem, so March and April readings. +On March 10th 2021, GME stop price reached $348.50 a share, topping it's Jan 27th 2021 high. + +At around noon, it crashed over 40% to around 180-190 within minutes. + +I haven't seen any further in depth DD on this, nowhere was it addressed in the report, and it seems to be totally forgotten. + +To me that was one of the biggest smoking guns but it seems to have flown under the radar? + +If it has been tackled by some wrinkle Ape previously, sorry I just have missed it- but I'm still sus about how the SEC doesn't even turn a side eye at it? + +There was no ostensible reason for this flash crash whatsoever... + +Other than the fact Citadel, Melvin & Co were fuckin' shittin' their pants at the prospect of a Jan 28th 2.0 +Mermaid Token is a bitcoin reward contract that pays holders in bitcoin. No need to claim just hold the Mermaid token in your wallet and you will earn Bitcoins. + +&#x200B; + +✅ Liquidity locked for 1 year ✅ No dev wallets ✅Experienced team ✅Get Paid in $BTC just to hold + +&#x200B; + +Experienced team that knows how to market and grow tokens. Getting in early is key! + +&#x200B; + +Join our telegram - [https://t.me/mermaidtoken](https://t.me/mermaidtoken) + +&#x200B; + +Chart - [https://www.dextools.io/app/bsc/pair-explorer/0xf509c494a92f2e2884937db0e9902f749edf25e5](https://www.dextools.io/app/bsc/pair-explorer/0xf509c494a92f2e2884937db0e9902f749edf25e5) + +&#x200B; + +Website - [https://mermaidtoken.com/](https://mermaidtoken.com/) + +&#x200B; + +🤑Buy - [https://pancakeswap.finance/swap?outputCurrency=0x238c5c0c074126226f4afc5c667ee3c623aa0791](https://pancakeswap.finance/swap?outputCurrency=0x238c5c0c074126226f4afc5c667ee3c623aa0791) + +&#x200B; + +Liquidity Lock - [https://mudra.website/?certificate=yes&type=0&lp=0xf509c494a92f2e2884937db0e9902f749edf25e5](https://mudra.website/?certificate=yes&type=0&lp=0xf509c494a92f2e2884937db0e9902f749edf25e5) + +&#x200B; + +Contract - 0x238c5c0c074126226f4afc5c667ee3c623aa0791 + +&#x200B; + +🧜‍♀️ Mermaid Token 🧜‍♀️ 🚀 FAIR LAUNCHED 🚀 🤑 ORGANIC MARKETING PLAN 🤑 🎂 EARN BTC REWARDS 🎂 💎 Buy & Sell Tax: 11% 💎5% BTC Rewards 💎5% Marketing 💎1% Liquidity 🛡100% Safe + +&#x200B; + +🧜‍♀️ Mermaid Token 🧜‍♀️ 🚀 FAIR LAUNCHED 🚀 🤑 ORGANIC MARKETING PLAN 🤑 🎂 EARN BTC REWARDS 🎂 💎 Buy & Sell Tax: 11% 💎5% BTC Rewards 💎5% Marketing 💎1% Liquidity 🛡100% Safe + +&#x200B; + +🧜‍♀️ Mermaid Token 🧜‍♀️ 🚀 FAIR LAUNCHED 🚀 🤑 ORGANIC MARKETING PLAN 🤑 🎂 EARN BTC REWARDS 🎂 💎 Buy & Sell Tax: 11% 💎5% BTC Rewards 💎5% Marketing 💎1% Liquidity 🛡100% Safe +I’m in my late 30s. I don’t like my job, despite the fact that it pays well and the benefits are very generous. I don’t write code, it’s a different role - a much more pointless one. A paper pusher, if you will. + +So... + +1. Is it too late to start a completely new career? Something that doesn’t chain me to a desk filing out webforms? +2. Is there a consultancy service I can use to decide on an alternative career path? +3. Am I wrong to even consider this? It’s a lot of money. This is the highest paying job I’ve ever had, but it’s entirely pointless. Should I just accept it because “that’s life” etc? + +I don’t have any debt and my savings are enough to sustain me for ~2 years, in case I want to go to TAFE. + +Thanks. +I have to make this a teaser post for the real DD or my wife is actually going to leave with her boyfriend, but I think I found more evidence of options fuckery from the infamous January sneeze! + +I'll be the first to admit that I'm no expert on Options contracts. I'm just a data donkey digging into some sketchy data that doesn't make any sense. + +&#x200B; + +This post dives a little deeper into some of the content covered in [This OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand from July 19th. + +Also, a big shout out to u/Yelyah2 for compiling all the GME Options data. She pulls the data from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/). You'll see some colorful screenshots of her data below. + +&#x200B; + +[Here's a link to my first post about the tens of millions of Puts purchased on 1/27](https://www.reddit.com/r/Superstonk/comments/p9ma8x/tens_of_millions_of_worthless_otm_puts_were/). + +Like many other aspects of the Yahoo Finance data, I had to change my VPN location multiple times in order to get all the data I needed. They're actively filtering this data.... + +# I'll start with the juiciest: $0.50 Puts that expire 1/21/2022. + +Current Open Interest for January 2022 = **359,152** ([http://maximum-pain.com/options/GME](http://maximum-pain.com/options/GME)) + +&#x200B; + +**$0.50 Puts** + +Over 12 million options contract volume for $0.50 Puts that expire January 21,2022. Yet the Options Volume for all strike prices for 1/27 was **1,186,681** and the Open Interest for 1/27 only increased by **264,731.** These Puts are not reported in the Options Volume data or current Open Interest data. + +[ 12.04 million Puts purchased 1\/27 - Shitadel - Wut doing? ](https://preview.redd.it/79gljwwbnbr71.png?width=1704&format=png&auto=webp&s=544012e426e33cc4982a4591b41cd1622bce3cc7) + +And here's a link to the data so you can have a look for yourself: [Yahoo Finance GME $0.50 Puts](https://finance.yahoo.com/chart/GME220121P00000500#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) + +But that's not the only anomaly... + +**$1.00 Puts** + +[1.3 million puts!](https://preview.redd.it/nldcbxk4tbr71.png?width=1239&format=png&auto=webp&s=e471ded22a2868affd71ae38e23b567e2eec26e1) + +[Link to $1.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001000/chart?p=GME220121P00001000#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). + +**What about $1.50 Puts?** + +[Over 57,180 Puts!](https://preview.redd.it/zga8lz0wrbr71.png?width=1262&format=png&auto=webp&s=e1302be5bb8693cb5cc7e65278804e25613c17be) + +[Link to the $1.50 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$2.00 Puts + +[Over 491,320 Puts!](https://preview.redd.it/suouuo7evbr71.png?width=1236&format=png&auto=webp&s=61f3051c271d3668749be9995a0c1b1cc036dbb6) + +[Link to the $2.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00002000/chart?p=GME220121P00002000#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-). + +$2.50 Puts + +[Over 58,760 Puts!](https://preview.redd.it/kq4f9s76sbr71.png?width=1244&format=png&auto=webp&s=fb94207017ccfbbe4f989892ac7d46644b23428a) + +[Link to Yahoo data for $2.50 Puts](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$3.00 Puts + +[Over 278,450 Puts!](https://preview.redd.it/1wi5megtxbr71.png?width=1232&format=png&auto=webp&s=3a8ddfc8b6b7989df83fc1cdc2257e4906071cf9) + +[Link to $3.00 Puts (Yahoo Finance).](https://finance.yahoo.com/quote/GME220121P00003000/chart?p=GME220121P00003000#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) + +&#x200B; + +That's a lot of Puts... why is the Open Interest only 359,000, including all Calls and Puts for all strike prices? + +# What about January 2023 Puts? + +Total OI for January 2023 is approximately 84,783. + +&#x200B; + +$2.00 Puts January 2023 + +[1.72 million purchased on 1\/27!](https://preview.redd.it/35vq7p63ybr71.png?width=1269&format=png&auto=webp&s=2c9a9a84c00901ab04e491201b26923b3befbcd1) + +$3.00 Puts January 2023 + +https://preview.redd.it/5iyunzu6ybr71.png?width=1285&format=png&auto=webp&s=93f63dc2fda0d5941223dbf3205caabf66b50bc8 + +I took a small sample of way out-of-the-money (OOM) Put options expiring January 2022 or January 2023. I found this sample using the Options volume data on Yahoo Finance. + +I also used u/yelyah2's awesome Options Data, which I hadn't seen until this weekend. Here's a link to her data and here are the screenshots I used for my calculations: [Options Volume Data](https://www.reddit.com/r/Superstonk/comments/mvqxep/with_all_this_talk_about_low_volume_wanted_to/): + +[ 12\/24\/2020 - 2\/24\/2021 ](https://preview.redd.it/83die562nbr71.png?width=1584&format=png&auto=webp&s=a8e37bec34aae8d5045b26b69bdd67c0a842dac0) + +[ 2\/23\/2021 - 4\/21\/2021 ](https://preview.redd.it/d4kkmlizmbr71.png?width=1579&format=png&auto=webp&s=41b770b7851049384a22f65b9b5e17537fda72e0) + +Here's my updated data. I still have more to fill in, but wanted to get this out before the start of the week and generate some discussion so that we can figure out why these Missing Puts are not reported on the Open Interest or Daily Volume. + +I used 15 different strike prices for way OOM Puts (less than $20) expiring January 2022 and January 2023 and added up the Yahoo reported volume for each day. I then compared that to the Total GME Call volume and Put volume, compiled by u/Yelyah2 . I subtracted the volume and the change in OI from the Sample volume, and came up with the Missing Puts. The actual number will be much higher than my calculations, as I only took data from 15 strikes and the volume data includes all GME strike prices for all dates purchased that day (i.e. it includes February weeklies, July monthly, etc.). + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +Let's go back to u/broccaaa 's awesome chart showing Suspicious Deep ITM call volumes from January 27th. This is evidence of 110 million synthetic shares being created out of thin air, right as Citadel told RH to turn off the Buy button. + +https://preview.redd.it/4lgm23a32br71.png?width=1712&format=png&auto=webp&s=9ac01e8995c83d99ef2803348b508128d72c2f87 + +This is the same time when 1.1 million Puts were purchased and showed up in the Open Interest data. But these only included the reported Puts Open Interest. Where are the millions of unreported Puts for deep out of the money strikes in January 2022 and January 2023? + +https://preview.redd.it/vzkd3l172br71.png?width=1716&format=png&auto=webp&s=8961dfd8bc4f69b4db5314897825799e4590c3cb + +As u/Criand explained, this was likely used to reduce the reported Short Interest before February 12th Short interest report date using Buy-Write trades. She u/Criand's awesome DD putting it all together in the [Theory of Everything post](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/): + +[ \\"Rough Calculation of SI Dropping Based On ITM CALLs\\"](https://preview.redd.it/rnwyhavhlbr71.png?width=2030&format=png&auto=webp&s=3a2646ee7b9cafd7c5dbfada26a0695735b5de24) + +&#x200B; + +# Let's look back in time to October 2020 + +Here's the 2020 GME Daily volume. As you can see, in back to back days in October, we had almost twice the next highest daily volume of 2020. Yet the price barely moves. It's almost as though these shares were purchased Off-Exchange. + +[77 million in volume in back to back October days](https://preview.redd.it/zvj4yu2pobr71.png?width=1769&format=png&auto=webp&s=a7d15f125bd8cb3702a002a0b1b80eb77a1db85b) + +&#x200B; + +That sure seems to correspond with the "reduction" in FTDs on that were piling up in October 2020, also from the [OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand: + +[ FTDs October 2020 to January 2021](https://preview.redd.it/u8scf95sobr71.png?width=2195&format=png&auto=webp&s=91a9a010135ab7fbcf1065b80a3d2f1f75049986) + +As u/Criand states in his post: + +"...there is a spike of FTDs reaching 3,000,000 aggregate around October 12th. By October 13th, the FTDs dropped to around 1,000,000. By October 15th, FTDs dropped to a meager 40,000." + +Well look at these January 2023 $3.00 Puts + +[21,400 $3.00 Puts for January 2023](https://preview.redd.it/yaryi1mh1cr71.png?width=1239&format=png&auto=webp&s=e13d3327b27c942684bf6a67df566a6050d32838) + +And look at these $5.00 Puts for January 2023... + +[Over 12,350 Puts purchased on 10\/8](https://preview.redd.it/5j53ntw21cr71.png?width=1250&format=png&auto=webp&s=df4c76dba9ead72d1447e34bd2aacfa32da827ad) + +If you take these 2 options strikes and add up 10/8 and 10/9, you get 49,080 contracts which are equivalent to 4,908,000 shares. + +Is that how they knocked off over 3 million FTDs? + +&#x200B; + +[As you can see, over 50&#37; of that volume was traded OTC or ATS](https://preview.redd.it/dokbtpzb4cr71.png?width=1463&format=png&auto=webp&s=1477b22970c82e2f2c8a3ff3df3a4af202022d62) + +&#x200B; + +# So here's the Summary Table: + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +# TLDR and Unanswered Questions: + +1. Using the chart above, why does a majority of the options Call and Put Volume not directly add to the Open Interest? Are these contracts executed right away? As u/Criand hypothesized, as Buy-Write Trades or options fuckery to produce synthetic shares? +2. Why do these **15 strike prices** for **January 2022 and January 2023** show over **17 million** in **unreported Puts volume** was purchased on **January 27th** \- the day in question between Robinhood and Citadel? +3. Hopefully more to come... +4. Buy, HODL, DRS, and Buckle Up! + + +# 🌎 Ultimo GG - The esports platform that empowers gamers & content creators around the world. 🌎 + +Welcome to Ultimo GG - one of the first projects on the BSC that has already has an existing company which was established in the UK in 2017. + +**$ULTGG** is the revolutionary gaming token from Ultimo GG. + +You can see the **Ultimo** **GG** platform which hosts huge gaming tournaments, as the decentralized and crypto version of Twitch - even with similar functions to those offered by YouTube 🎮 + +**$ULTGG is also the first Crypto Currency in history to have launched the first NFT into space! 🌕** + + **->** [**https:**//www.youtube.com/watch?v=VSitP8RRJ6M](https://www.youtube.com/watch?v=VSitP8RRJ6M) + +The vision of the Founders is to empower and democratise esports - giving gamers & content creators the possibility to purchase NFTs or even create their own featuring their greatest gaming moments or convert $ULTGG into real-world money, thanks to the possibilities offered by the Binance BlockChain. + +\- **The whole team is doxxed**. **The Team do AMA almost everyday and you can ask them all your questions.** + + One of the Co-founders is a multimillionaire (search William Henry "Hedgefund Hippy" on Linkedin). Ultimo GG's previous partnerships include Sony, Starbucks, Playstation & ASUS. + +Currently, they are sitting at a MarketCap of 6M$ - after having an ATH above 25M$ at the launch + +As soon as those collaborations are announced and their platform starts to onboard millions and millions of gamers/streamer around the world, this will be an unstoppable project in terms of utility and engagement. + +\- **Currently Situation:** + +1. Listed on CoinMarketCap ✅ ( Search for "Ultimo GG") +2. Listed on CoinGecko ✅ ( Search for "Ultimo GG") +3. Live PooCoin Ads ✅ +4. Listed on CoinHunt - Coin Sniper - DexTools ✅ +5. BTok Advertising to be started ⌛️ +6. Promotion with Martyn Ford (from Fast and Furious) ✅ +7. Made history by sending the First NFT to Space this week ✅ + +\- **Marketing Announcements:** + +3x Gaming Youtubers are confirmed for integrated videos this sunday (2.5 Millions Followers combined) 🕹 + +2x Championship Football teams to be signed up next week. One will be announced next week with the following the week after ⚽️ + + \- **Buy on PancakeSwap**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2065e3bd318f155abe5ad6aa263596f197112261](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2065e3bd318f155abe5ad6aa263596f197112261)or on their website + +**- REAL CONTRACT ADDRESS**: 0x2065e3bd318f155abe5ad6aa263596f197112261 + +\- ***Extra Links:*** + +🔥**Token Website:** [https://www.ultgg.io](https://www.ultgg.io/) + +🔥**Platform Website:** [https://ultimo.gg](https://ultimo.gg/) + +🔥**Twitter**: [https://twitter.com/ultimoggesport](https://twitter.com/ultimoggesport) + +🔥**Merch**: [https://ultimomerch.com/](https://ultimomerch.com/) +Hello all, + +Which health insurance do you guys have? What are the factors do we have to keep in mind while picking health insurance? Any pointers will be helpful. +Managed to scrape all of the Zillow listings in Seattle. Ran a few quick basic calculations to rank them all by cash flow to see if I could find any hidden gems. Feel free to check out the output. + +If you’re interested in scraping listings off Zillow for anywhere else too, feel free to send me a DM, happy to help. + +[Seattle Zillow Listings](https://docs.google.com/spreadsheets/d/1qslzo1ffkmJGmqwsaG4YW6YGEBDYU75-gBkhBF7UsL0/edit?usp=sharing) +Apes! + +We know you all know, but in case you need the reminder and help, here's the link to today's earnings broadcast. + +[https://investor.gamestop.com/](https://investor.gamestop.com/) + +Biggest need met right at the top. If that's all you came for, we're hyped to listen along with you. Some big things are brewing, and this is going to be a very, very exciting day. + +&#x200B; + +HOWEVER! + +We do have a small ask if possible. + +Please, when given the choice between the webcast and YouTube streams, choose the official GameStop YouTube stream. + +# UPDATE! Countdown has begun here! [https://www.youtube.com/watch?v=nnjBnO\_rs\_E&ab\_channel=GameStop](https://www.youtube.com/watch?v=nnjBnO_rs_E&ab_channel=GameStop) + +The benefits of this are twofold. + +As pointed out by u/badasstrader this morning (thank you again), this has a chance to trip YouTube's algorithm and draw additional traffic. This potentially means immediate live attention from outside the community. That's a good thing. + +The fact that that viewership numbers may also be publicly available to us during that process is also going to provide us with a valuable look into how many people are paying attention. + +&#x200B; + +Some quick notes in advanced: + +Will there be bots that inflate the numbers? Probably! + +Will there be viewers who don't hold shares? Yes! + +Will every ape be able to watch? No! + +Is it almost impossible to rely on that data for any sort of reasonable extrapolation into true community size and number of shareholders? Yes! + +Will seeing a number still feel hype as fuck? Absolutely. + +&#x200B; + +For those looking for a specific way to spread the news, here's some text with a hashtag I personally created for just this moment. + +Listen to GameStop's Q2 Earnings Report on the GameStop YouTube Channel live at 5 pm EST. #LTGSQ2EROTGSYTCLAFPMEST + +Spread the word, and see you there! + +&#x200B; + +# Update: Rather than drop this and sticky a different post (as honestly THIS is the most important thing happening today) we're going to throw a comment here. + +# We've seen a lot of sudden chatter about some moves between corporate bodies due to some rumors being circulated. Our policy is going to be as follows. Until we hear something directly from GameStop or a member of their board? These things will continue to just be rumors. Please treat them as such, as we will be modding with that mentality. + +Edit: I'll update with the official YouTube link when it's up. Edit 2: Fixed my HashTag Edit 3: Spelling +Question about other people's perspective on increasing rent on current tenants. + +I started investing in real estate about 6 years ago, currently have four rental units. All four units are occupied by tenants that are retired (fixed income). + +It is my intent to not try to nickel and dime them to death, and leave their rent alone for as long as they stay. + +But that said, I know it is inevitable, if they stay forever, that I am going to have to increase their rents to cover costs. On top of this, our market is currently blowing up. Tax values on property is going up 10 to 20% a year. + +Normally I only increase rent between tenants. That is, I have a tenant leave, I increase the rent and then advertise it for a new tenant. + +I also know that it is beneficial for me to not rotate through tenants frequently (there is value in keeping the tenants I have). Saves me from having to patch holes and paint, clean and or replace carpet, etc. + +These are my views, I am interested to hear the perspective of other real estate investors that are landlords. + +TIA for your inputs. +I have about ~4.2 million in stocks and 0.8 in other investments that are less liquid. +I want to purchase a home. Due to some circumstances my credit score is not great (690), homes in my area are going for about 1.7 million and most banks wont talk to me until I get it above 720. + + +I am thinking of leveraging about 1.5M margin from my stocks (thinking IBKR) and adding any excess with selling my crypto since I have been meaning to exit that position. Main aim is to avoid Capital Tax, since a lot of these are long term positions with upto ranging from +50% to +150% profit over cost price. + + +Current interest is ~1%. Initially I am planning on making interest only payments, and if the interest rate starts getting higher take out a mortgage against the home. Also planning on repaying the loan partially whenever I exit a position. + +Questions + +1.) Is 1.5 million cash margin loan too risky on 4.2M. I have around 1.5M in stable ETFs, 1.5M in FAANG, rest of 1M in short term plays, not too risky but note completely risk free either (Disney, Eventbrite, Tesla). Rest 200K is fun money (GME, AMC and other YOLO stocks). No option play, no shorting, No current debt. + +2.) Is IBKR the best broker for this arrangement. Generally everyone on the internet recommends IBKR for lowest margin rate, but Biltmore is advertising lower. + +3.) I will probably miss out on tax benefits of a mortgage, right? I think considering closing cost it won't make that much of different. +28 years old--net worth \~$2.1 million. Earned, not inherited, but I was incredibly lucky...right place right time. + +Nearly my entire NW is in equity etfs, and I don't employ a financial advisor (I understand the irony of saying no thanks to an advisor and then coming to reddit for advice lol). I entered a PhD program so my income has gone down to 35k, which is sufficient to cover my living expenses as I don't live large. When I return to the workforce I essentially plan to coastFI my way to fatFI. + +I feeeeeel like I should be contributing to an IRA, but the $6k maximum contribution limits it's utility as far as I can tell. According to my calculations, if I earn 6% per year and were to be taxed 20% every year on the gain, the next egg will be $9.4 million when I am 60 years old. This compares to $9.5 million if I max out my contribution every year and that portion goes untaxed. + +Is it this simple? Frankly I don't really care if i have 9.4 or 9.5 million when I'm 60. All else equal I'd prefer not to have my money tied up in a retirement account. But I'm not a personal finance wiz. Am I missing something? + +&#x200B; + +EDIT: felt like I had done some research but did not know there was no penalty for early Roth withdrawals and this seems to basically resolve the question--zero downside to contributing to a Roth IRA. Thanks all +I am Russian and I am against Putin and his war with Ukraine. + +Left Russia on the first day of the war. I am programmer. My company was loyal to the rashists, so I left my job. I am in Thailand now. Thank good medicine in Thailand. The doctors found that I had skin cancer (melanoma). But the first stage (1B) and high chances of survival. Treatment is fully covered by insurance. I want to live in Thailand for one year to make sure that cancer is beaten. + +I have 100k portfolio. I need $1200 every month for living. What is best strategy for me? I'm thinking of buying XYLD 14% yield. Is this a good idea? + My time has come gentlemen, all my savings from working as a waiter my entire life (31 years old) invested into this holy financial grail. Let's hope by the time i hit 40 i will be able to buy a decent house and a car. see ya in 9 years +Does EthTrader want to add u/Cutsnek , u/Ruvalm , u/BlockchainUnchained , and u/davidahoffman as moderators for a 30 day trial as potential team members? + +&#x200B; + +This Governance Poll will last 5 days. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/aul6m2) +i finally bit the bullet and paid off the remainder of my cc debt which was about $2k. i’m sick of having to account the monthly payment into my budget. it was 0% interest but i wanted to start the new year off right instead of dragging it out another year. i finally got some cushion in my funds, and i saw someone say money in the bank with debt isn’t really money in the bank. so i will be sure to be quite frugal over the next month or two until i can build back up to where i was. never again will i aimlessly purchase things i cannot afford and let in accumulate. it’s over, finally. +I posted a little back about moving out by myself, but was worried due to low income and a sleep terror condition that made it hard to live with others. + +Just scored a job working in pharmaceutical manufacturing that puts me at 75k. Gonna move out by myself, found a few simple flats and apart and apartments around the 300-350 pw range. + +I have to work the afternoon shift for it, but as a hermit, that's fine. Maybe I'll be OK after all, just felt like posting something nice. +Example: + +Tomorrow, I have to fly for business. 12 hours in the back of economy. For $625, I could have upgraded to a lie-flat business class seat. It was tempting, as I could *technically* afford it. (I'm not rich by any means, but I'm not struggling.) + +Instead, I'm choosing to go without. Because the way I see it, in 12 hours I can either have some mild cramping that will pass in a day or two and $625 in my bank, or I can hopefully have a decent sleep but wake up with a large dent in my bank account. + +Now, here's the thing: I would LOVE that upgrade. I've talked myself into it being a wise idea for a number of reasons. So I've counted that money as being gone in a way - but by selling my shot at the upgrade, I've earned that $625. + +Yes, I know I haven't actually gained more money by not spending it...but in a way, it feels like I have. Does anyone else ever treat big potential purchases this way? + +edit: first off, wow. Did not expect this to take off. Second: the moment that plane touched down, I had such a great feeling of "I am so glad I didn't spend that money". Felt richer as soon as I set foot in the airport. +I thought this was a really good article by Forbes about Beyond Meat. Main points: + +* La Croix was a cultural phenomenon a few years ago and its parent company's stock FIZZ shot up 550%. +* Coke, Pepsi, etc. released their own competing sparkling water products. +* Today, FIZZ trades at 66% below its high in 2017, even though sales of sparkling water have increased 22% since 2017. +* Tyson, JBS, Nestle and other food companies are releasing their own plant-based meat products to compete with Beyond Meat. +* The larger companies can release their products cheaper. A Beyond Meat burger costs triple the cost of a regular burger. A Beyond Meat sausage is 70% more than regular sausage. + +&#x200B; + +[https://www.forbes.com/sites/oliviergarret/2019/09/03/beyond-meat-will-crash-when-investors-realize-what-its-really-selling/#637049725ea2](https://www.forbes.com/sites/oliviergarret/2019/09/03/beyond-meat-will-crash-when-investors-realize-what-its-really-selling/#637049725ea2) + +Edit: Thanks for the gold stranger! +[https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/](https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/) + +The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down. Meta’s Novi pilot—a money-transfer service using the company’s own cryptocurrency digital wallet—will end on Sept. 1, the service said on its website, a link to which it texted to its users. Both the Novi app and Novi on WhatsApp will no longer be available, the company said on the Website. Starting July 21, users will no longer be able to add money to their accounts, Novi said, advising users to withdraw their balance “as soon as possible.” Users won’t be able to access their transaction history or other data after the pilot ends. The company does plan to use Novi’s technology in future products, such as in its metaverse project, a company spokesperson said in an email. “We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in the statement. “You can expect to see more from us in the web3 space because we are very optimistic about the value these technologies can bring to people and businesses in the metaverse.” + +The stock has been cut by more than half in 2022. Although Wall Street has been in a buying mood last week, real world pressures continue to make META stock one to avoid. Alternatively, if investors can’t help but like META stock at current prices, I’d similarly point to a long vertical spread using call contracts or a fully hedged collar for those interested in owning shares. But again, the belief is those efforts will be in vain and only serve the purpose of vastly reducing downside risk. + +Meta Platforms has many issues to contend with. For example, Facebook Reels’ inability to challenge top rival TikTok, Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube in long form video, competition in ecommerce from Google and Amazon (NASDAQ:AMZN), falling consumer brand value and Meta’s risky metaverse pivot, which might overlook its existing platforms. + +&#x200B; +While there are 100s of memetokens doing a hard or soft rug or are not being able to deliver what's promised. + +&#x200B; + +This team at Chibi has been constantly delivering what they promised to their community. Starting from a 10X launch to 120X on CMC and Coingecko listing, they went ahead and got a CEX listing for the community. + +&#x200B; + +They are ahead of time in launching the NFT market where you can buy Dog NFTs and the fund would be used by dog shelters to adopt and help dogs in real. Yes, that's a lifetime of donation when people keep buying dog NFTs on Chibi market. + +&#x200B; + +After a month of launch, they still sustain a minimum 12X from sale price while most other meme tokens have toppled. + +&#x200B; + +I think these guys are just getting started, maintaining strong levels since sale. Product wise they are launching the first part of the product. Theres so much more to come. + +&#x200B; + +Best level to ape in, I have attached all links here for your referral. + +&#x200B; + +Their NFT launch is around this crazy concept of Initial NFT Offering (world's first INO) check their TG for whitelist. + +&#x200B; + +Whitelist contest for INO and 5 Exclusive NFT Airdrop here ---> gleam.io/CM1pu/chibi-inu-initial-nft-offering-whitelisting + +&#x200B; + +We are Only on BSC (BINANCE SMART CHAIN) + +&#x200B; + +Purchase CHIBI on: + +DEX: + +🔹 Pancakeswap Link: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x504beaf9b74f5e38b0ac2335c51b8bb6e86f0ec5](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x504beaf9b74f5e38b0ac2335c51b8bb6e86f0ec5) + +CEX: + +🔹Bibox : [https://www.bibox.com/zh/exchange/basic/CHIBI\_USDT](https://www.bibox.com/zh/exchange/basic/CHIBI_USDT) + +&#x200B; + +CHARTS: + +🔹Poocoin chart - poocoin.app/tokens/0x504beaf9b74f5e38b0ac2335c51b8bb6e86f0ec5 + +🔹Dextools chart - [https://www.dextools.io/app/pancakeswap/pair-explorer/0x41910106699083e9f38b58e086f97f4563450888](https://www.dextools.io/app/pancakeswap/pair-explorer/0x41910106699083e9f38b58e086f97f4563450888) + +&#x200B; + +✅OFFICIAL CONTRACT ADDRESS : + +[https://bscscan.com/address/0x504BeAf9B74f5e38B0AC2335c51B8BB6E86F0eC5](https://bscscan.com/address/0x504BeAf9B74f5e38B0AC2335c51B8BB6E86F0eC5) + +&#x200B; + +✅ 18500+ unique holders + +✅ 80% of the liquidity is locked + +✅ Ownership Renounced + +✅ 52.2% burnt ( will be increased as the activity increases .) + +✅ Team Tokens Locked For 6 Months + +✅please make sure u keep slippage accordingly to buy / sell (5-6%) + +✅There 5 % tax with 2.5 % distribution and 2.5% burn . + +✅Our road map👇 : [https://chibinu.com/](https://chibinu.com/) + +Socials : + +🔹CoinmarketCap Link: [https://coinmarketcap.com/currencies/chibi-inu/](https://coinmarketcap.com/currencies/chibi-inu/) + +🔹CoinGecko Link: [https://www.coingecko.com/en/coins/chibi-inu](https://www.coingecko.com/en/coins/chibi-inu) + +🔹Website : [https://chibinu.com/](https://chibinu.com/) + +🔹Twitter - [https://twitter.com/ChibinuToken](https://twitter.com/ChibinuToken) + +🔹ANN Channel - [https://t.me/chibinuann](https://t.me/chibinuann) + +🔹Telegram- [https://t.me/ChibinuToken](https://t.me/ChibinuToken) + +&#x200B; + +Donations : + +&#x200B; + +Donation to Covid raised by Matic Ceo. (11.5% supply) ([https://bscscan.com/tx/0x447db275cec7f41316213a793ac9c72dcc4e96fa5e805371c806f0bfa550f4eb](https://bscscan.com/tx/0x447db275cec7f41316213a793ac9c72dcc4e96fa5e805371c806f0bfa550f4eb)) + +&#x200B; + +Donation to Indian Dog Shelter ([https://t.me/ChibinuToken/77699](https://t.me/ChibinuToken/77699)) + +Many more .. (will be updated soon ) + +&#x200B; + +Featured on : + +&#x200B; + +✅Nasdaq ([https://www.nasdaq.com/articles/todays-best-cryptos%3A-10-biggest-gainers-for-tuesday-2021-05-25](https://www.nasdaq.com/articles/todays-best-cryptos%3A-10-biggest-gainers-for-tuesday-2021-05-25)) + +&#x200B; + +✅Investor Palace ([https://investorplace.com/2021/05/chibi-inu-coin-14-things-to-know-about-the-shiba-inu-copycat-crypto-as-prices-rocket](https://investorplace.com/2021/05/chibi-inu-coin-14-things-to-know-about-the-shiba-inu-copycat-crypto-as-prices-rocket)) + +&#x200B; + +✅NFT Preview - [https://t.me/ChibinuToken/80686](https://t.me/ChibinuToken/80686) + +&#x200B; + +🌺If you have any leads to Dog shelter / NGO's / Old age Shelters we are here to help them . Stay tuned lot of Announcements are Pipelined 🌺. +I’m(23f) is such an idiot. AN IDIOT! This month I picked up a second job because I have a few things I’m trying to pay off. I thought I was doing well when I budgeted enough for my bills and to pay off the things I’m in debt for. But since following this subreddit, there was this one post that made me want to take a harder look at what I’m spending my money on. $742.57 is what I’ve spent this month on food and other miscellaneous things. I’m sick to my stomach realizing the amount of money that has flown out of my pockets this month and August isn’t even over yet. I thought spending $2 here and $10 there wouldn’t make a significant difference, but it does. It makes a HUGE difference and I’m glad that I know now than never. I’m sorry but I had to rant about this. I know my mistakes and I won’t make them again. God man I’m such an idiot + +Edit: Thank you all for your wonderful responses! Didn’t think this post will be so well received and reached out to so many of you! So much helpful advice has been given in the comments and I really hope this post has helped others as well. Thanks for helping me feel less of an idiot by not criticizing my mistakes and instead, helping me to do better. Because of everyone’s great advice, I do plan to open a second bank account later this week and budget in a small amount to myself for treats. Thanks so much for all the help by every single one of you! I greatly appreciate it and hope others are inspired as well on creating better budgeting skills. Much love :) +I need some help making a decision. I’m August we had to put a new roof on our house due to age or lose our insurance. I took out a personal loan to cover it because I did not have enough cash. The loan is right at a 10% rate. I also have credit card debit that I’ve worked on paying off but I’m not even close. I’m at 20k in debt on two cards combined. + +Right now, my home is valued over 100k more than what I owe. I only owe 65K at 4.5%. + +Would it be a terrible move to refinance at 7.5%? We are wanting to consolidate debt and replace the carpet in our home. We wouldn’t refinance more than 150k. + +I’m having to figure out a lot of this on my own because my family has never been knowledgeable with investments and such. + +My husband and I bring in around 90k together. I’m a teacher, so no real increase in salary anytime soon. +I’m sure this is a fairly common scenario in marriages: one partner takes a back seat to let the other shine in his/her career. Early in my marriage, I was the breadwinner. Then we had kids, and I sacrificed my career to be able to care for them (ie, switching to jobs with flexible hours and schedules, and at some points either going part time or even staying at home). My husband meanwhile advanced in his career and steadily became the breadwinner many times over. + +As he’s advanced, we’ve had to move several times throughout the years along with his promotions. This meant me dropping my job and having to get a new one wherever we ended up. This has gone very well for him but has played havoc with my retirement planning. Eventually, my kids got older and I started a new career that I’m 9 years into. Needless to say, my 401k is pathetic compared to his. Even so, 9 years is a lot of time to invest in a job that I’ll have to leave now that he’s due for another move, yet again. + +While he does very, very well I’ve had to stop and think on this one. I’ll be at 11 years at my job in which I have a 401k and pension I’m working towards. That will all come to an end with this move. That’s issue number one. Issue number two is we are moving to Paris, France—a foreign country for us. So while his retirement is safe with the same company I’ll have to figure out a new job for myself. I’m a teacher so that may be an option. I’m also ex military so maybe looking into DoD schools or an embassy job might work, or my last choice is applying for a corporate job. +Been there, done that, not my passion. + +So, I have a lot of questions. First, what is the best strategy or what options are out there for someone in my position of changing jobs constantly? I looked into an IRA but I know there are contribution limitations. Is there anyway I can roll over my govt service years (since I teach) if I get another govt job? For example, I was able to roll over my military time in service when I got my teaching job. Also, there is the fact that we will be residing in a foreign country. That also puts a new spin on things. + +Finally, if not here, I’d like to know who or what type of service can I seek to help me make some sound decisions about this or at least get a solid starting point? I’m clueless! Help! + +Edit: Just for the record, I’m a good 27 years from retirement age, I’m a college graduate, I have a respectable job which I excel at, am respected for, and have leadership roles in. I don’t see why asking what’s a wise way to invest my money for later in life should be dismissed just because my husband does well. It’s a whole lotta sexist in my opinion. + +Edit 2: Good people. Do not fret. I will not be kicked out in the cold and homeless if my husband decides to leave me someday. I am a qualified, experienced, and educated professional. Even if I won’t be rich, I am more than capable of making enough to live comfortably. Thanks for your concern and your fascinating perspective. And thanks to the especially good people who have addressed my questions in an honest and well intended manner. Time to get back to my charmed life. + +Edit 3-final: My questions have been answered and concerns quelled. I appreciate you financially savvy commentators for your awesome advice! I am clear on what our next move should be and I’m happy to confirm I’m not off base and we have some more saving we could be taken advantage of. Now I have a solid starting point for a conversation with my hubby. I’m looking forward to us working together on bettering an already good situation. Thanks again! +What documents you have shared with your parents/spouses about your investments in Mutual funds and shares so they can withdraw/claim money?Many people's parents might not be tech-savvy so only hard copies can be shared with them. + + +What if nominees are illiterate? +Will Mutual Fund and Share Broker try to find the nominee and give all money to them? + +I got this information from Dr. T and Wes (youtube time links to sources are below, with shoddy transcriptions - I recommend listening to the videos yourselves), but the pertinent part is Wes's comments from his AMA about overvoting. He stated if there's an overvote the company (GameStop in our case) can see the huge overvote numbers, but they must be massaged and culled before the final 8K reporting. He said it happens in a dark room, and is a complete joke. + +Dr. T mentioned if an overvote occurs the company can hire an auditor of some sort of investigate exactly what happened. This is an option, but doesn't necessarily mean GameStop will take this line of action, though, it was Dr. T's explicit recommendation. + +[Wes AMA time link](https://www.youtube.com/watch?v=q8-JO3g5bm4&t=82m28s) + +Q (Lucy) : Next question, if proxy votes far outnumber the float, how would that be handled by regulatory agencies, and if it goes to court will there be a squeeze or a settlement? + +A (Wes) : Well there's many parts to that question. So let's start with the proxy vote. So as Susanne Trimbath says in book, the Naked Short and Greedy... It talks about this issue of over-voting is what they call it. The question is called over-voting at the DTC. She dealt with it when she worked at the DTC many years ago. Imagine that it's gotten worse. I'll tell you sadly, sadly how it's dealt with. It just gets wiped out. **I can't get into details but I can tell you that the vote counters and proxy services will actually show that discrepancy the day before the record day, but on the record day, somehow, it all just gets washed out. It just acts like it, you know, I see nothing I know nothing I do nothing. So ultimately it's a joke, and it's a very sad joke.** It does impair corporate governance though... + +End quote -- And Wes goes on to talk about legal options since you know he's a lawyer. + +[Dr. T AMA time link](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2060s) + +Dr. T : What do you do like you said right now, GME is in proxy season. And there's a story about Overstock in the book \[her book Naked Short and Greedy\] as well about what they, their proxy, what happened at their annual meeting when they got more votes in, and they knew for a fact that members of Patrick's family did not receive their proxies, so were unable to vote, right. There's umm... there's a website called [inspectors-of-election.com](https://inspectors-of-election.com) ... The company has to do this, the investors don't do this, the company hires an inspector of elections, someone like Carl Hadberg for example. Who will actually go in and try to figure out... In my view, and this is Carl Hadberg's view as well, and he's much more experienced on that side of the business than I am, **if you're an issuer and you get more votes in than shares outstanding you should not accept those election results. You need to stop, call in an inspector, and get this thing straightened out. This will help to reveal evidence if there is naked shorting, if there are fails to deliver, whatever's going on, it can be revealed.** There are a few things that bubble up, there's a lot about fails to deliver, and naked short selling that you will never find in public information. Right? Even the issuers have a hard time finding out exactly what is happening with their stock. This is a long term problem. **There are a few things that bubble up, and one of them is during the annual meeting that comes with voting**. + +End quote. + +tl;dr + +The real vote count has in all likelihood been completely hidden, as this whole "process" is a sad joke, in Wes's own terms. This is not GameStop's fault, but merely that the system here is a bit broken (like we all knew)! + +**So we don't know what numbers GameStop saw, and we don't know what their plan is. Ryan explicitly said in the shareholder meeting he won't be telegraphing his plans to his enemies, and instead wants us to be patient and wait to see what action they take.** + +Edit: More info here [https://www.reddit.com/r/Superstonk/comments/mya2a8/dd\_heres\_what\_happens\_if\_there\_is\_over\_voting/](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/) +Just starting to learn about economics so Please point out my errors in thinking. + +In the event of a population decline, would the general trend be that most of the money gets redistributed to “the people” rather than the capitalists. Because The dying older population aren’t leaving their inheritances to the capitalists but rather the people. + +If this is the case I’m assuming the population would become wealthier and capitalists would increase their prices to what the population could newly afford just like in the case of printing more money. For example A donut is now gonna be 2$ when it used to be 1$ now that the donut buying population has decreased by 50% and they’ve left their money to the other half. Is this correct? Does that imply that a stock/market value wouldn’t change because the company has made adjustments to bring in the same amount of revenue as before 50% of the population died? + +Also What would happen if capitalists didn’t raise their prices to reflect the increase in wealth and decrease in demand? Would the market take a huge dip and basically reset? +Is the fact that this scenario would never happen due to Marxist theory on Capitalism. Where the bourgeoise are only ever given the compensation to keep the cycle running? + +ultimately I’d like to know how the imminent +Population decrease as a result of births being below the replacement rate will affect the market and wealth? +I know it’s designed for short term trades. I know there’s decay if the S&P 500 trades sideways for a time. I know it could go under if the S&P falls over 33% in one day. Every disclaimer says it’s not for long term investing. But I look at the ten year chart, and SPXL has indeed grown 3x higher than SPY for the period. So why doesn’t this work? It seems to work. Tell me why I shouldn’t buy and hold for 20 years. We are all here investing our money and throwing our paychecks into total US market funds because we believe the S&P will be significantly higher 20 years from now than it is today. If it’s not we have bigger problems. + Spoiler: VTI does not beat VOO. SCHD is the winner over time. + +I have read so many opinions on what ETF is better for growth, dividends, appreciation, etc. that I decided to actually look into what everyone was talking about. This is what I found out and discovered. + +These are a few things stand out to me from this simulation. + +1. Only SCHD and QYLD leave you with the necessary retirement portfolio nest egg ($2.547 million) after 30 years in all 4 scenarios. +2. In even the Bull Case, IDV does not get you to the required retirement portfolio nest egg ($2.547 million). +3. In two of the four scenarios, IDV results in the smallest 30 year portfolio total value and two of the four smallest dividend income amounts in year 30. +4. In two of the four scenarios, DON results in two of the four smallest dividend income amounts in year 30. +5. QYLD has potential for a place in a retirement portfolio (and not just for those retiring in the next 5 years), but that depends mostly on the assumption of their stock price appreciation. + +This is a long post, my apologies in advance. + +Before I begin, I obtained my information from Yahoo Finance and Seeking Alpha for all historical information (dividend growth, stock price performance, dividend CAGR, etc.), I obtained my dividend and appreciation calculator (excel spreadsheet skeleton) from [MarketBeat.com](https://marketbeat.com/) + +, and I obtained current and projected retirement information from [bankrate.com](https://bankrate.com/). + +I will also disclose that I have positions in VOO and SCHD. I had positions in NOBL and DGRO but liquidated them (prior to writing this) in order to buy more VOO and SCHD. I hold no other positions in any other ETFs covered. I hold those positions in a Roth IRA Account. + +My simulations are assuming that this compounding happens in a Roth IRA over 30 years. It also assumes that the entire $6,000 allowed to be invested in a Roth IRA goes to that single ETF. This is not intended to be recommendations for anyone’s allocation, just interesting math. Also, the math is the same for all ETFs, so if you get different values for similar numbers, the results are still consistent relative to each other despite some possible mathematical differences. Also, understand that ETFs are still a relatively new thing to investing, so some of these ETFs do not have the same amount of historical data. I also looked at what your dividend income would be at year 30 of this investing strategy; the idea here would be, this is when you would be getting close to begin actually taking those dividends in cash vs. keeping them on DRIP. + +I also looked at these ETFs vs what your goal retirement income and portfolio value would need to be if you start investing at 30 and want to support retiring at 65. This also assumes you will need $60,000 annual salary in retirement (today’s money, becomes \~$186,000 per year salary when you retire) and an average 3% inflation rate. + +I look at the following ETFs in my backtesting simulation: SCHD, QYLD, DGRO, NOBL, VYM, VOO, VT, VTI, SPHD, FVD, DON, IDV, SDY, and VIG. I run the simulation for each ETF over the next 30 years under the following four scenarios: (Scenario 1) Current dividend CAGR, 8% stock price appreciation; (Scenario 2) Smaller dividend CAGR, 8 % stock price appreciation; (Scenario 3: Bear Case) Smaller CAGR, 3% stock price appreciation; (Scenario 4: Bull Case) Current dividend CAGR, current stock price appreciation (5 yr average). + +I believe that there are misconceptions about “dividend investing” as it relates to younger investors. To put it bluntly, you have a higher percentage chance of making more money over the long run. Dividend investing is not solely for those trying to live off that income now; the power of compounding over a long period of time in fact beats some popular growth ETFs. For instance, by my spreadsheets, one commonly recommended ETF for younger investors (VTI) never beat the S&P500 (VOO) when accounting for dividend growth and compounding. Yes VTI has more average annual stock appreciation than VOO, but only by a very small margin (5Yr of 16.09% to 15.82% and 10 Yr of 14.44% vs 14.45%). VTI also has a larger dividend CAGR (6.67% vs. 6.39%). The only thing that I can attribute VOO’s outperformance to is that it has a higher starting (current) dividend yield (1.41% vs. 1.31%). From my simulations, VTI and VOO always come out to very similar results after 30 years. With that being said, in only the Bull Case do VTI and/or VOO leave you with enough retirement nest egg to retire with the above assumptions using this Roth IRA account alone. + +However, neither of these ETFs even come close to SCHD’s 30 year performance. In every scenario SCHD far surpasses every other ETF except QYLD (more on this below). SCHD’s 5 Yr stock price appreciation (12.20%) coupled with its 5 yr dividend CAGR (14.42%) blows the others away (minus QYLD depending on the scenario). They don’t even come very close. SCHD blows away VTI, VOO, and VT. SCHD gets you comfortably to the required retirement portfolio amount ($2.547 million) in every scenario above. + +Then there was QYLD. They have very limited dividend information as they only started paying a dividend in 2019. So forecasting their dividend growth for the next 30 years is a bit folly. But there seems to be the common conception that QYLD mostly trades sideways; this is untrue. Their 5 Yr average stock price performance is 10.60%, which is not insignificant. Their 30 Yr performance is largely swayed by what their dividend CAGR will be over that amount of time; which is anyone’s guess. Can they maintain their 2018 to 2019 jump in dividend payments of 14.57%? I think not. In my calculations for “Smaller CAGR,” I assume a CAGR of 0% for QYLD. It is there that we see what I believe is closer to accuracy over the next 30 years. + +I am not a financial advisor, and all this is the result of me being curious about what people are saying and if it actually has basis in math over the long run. Read and heed at your own risk. After all, anything to do with investing in the stock market is risky. + +Open to discussion on this commonly discussed topic. + +Edit: Linked spreadsheet is [here](https://drive.google.com/file/d/1kHBkEKLHz2y-KeGk2RZekLYtSrBNkLQy/view?usp=sharing) + Spoiler: VTI does not beat VOO. SCHD is the winner over time. + +I have read so many opinions on what ETF is better for growth, dividends, appreciation, etc. that I decided to actually look into what everyone was talking about. This is what I found out and discovered. + +These are a few things stand out to me from this simulation. + +1. Only SCHD and QYLD leave you with the necessary retirement portfolio nest egg ($2.547 million) after 30 years in all 4 scenarios. +2. In even the Bull Case, IDV does not get you to the required retirement portfolio nest egg ($2.547 million). +3. In two of the four scenarios, IDV results in the smallest 30 year portfolio total value and two of the four smallest dividend income amounts in year 30. +4. In two of the four scenarios, DON results in two of the four smallest dividend income amounts in year 30. +5. QYLD has potential for a place in a retirement portfolio (and not just for those retiring in the next 5 years), but that depends mostly on the assumption of their stock price appreciation. + +This is a long post, my apologies in advance. + +Before I begin, I obtained my information from Yahoo Finance and Seeking Alpha for all historical information (dividend growth, stock price performance, dividend CAGR, etc.), I obtained my dividend and appreciation calculator (excel spreadsheet skeleton) from [MarketBeat.com](https://marketbeat.com/) + +, and I obtained current and projected retirement information from [bankrate.com](https://bankrate.com/). + +I will also disclose that I have positions in VOO and SCHD. I had positions in NOBL and DGRO but liquidated them (prior to writing this) in order to buy more VOO and SCHD. I hold no other positions in any other ETFs covered. I hold those positions in a Roth IRA Account. + +My simulations are assuming that this compounding happens in a Roth IRA over 30 years. It also assumes that the entire $6,000 allowed to be invested in a Roth IRA goes to that single ETF. This is not intended to be recommendations for anyone’s allocation, just interesting math. Also, the math is the same for all ETFs, so if you get different values for similar numbers, the results are still consistent relative to each other despite some possible mathematical differences. Also, understand that ETFs are still a relatively new thing to investing, so some of these ETFs do not have the same amount of historical data. I also looked at what your dividend income would be at year 30 of this investing strategy; the idea here would be, this is when you would be getting close to begin actually taking those dividends in cash vs. keeping them on DRIP. + +I also looked at these ETFs vs what your goal retirement income and portfolio value would need to be if you start investing at 30 and want to support retiring at 65. This also assumes you will need $60,000 annual salary in retirement (today’s money, becomes \~$186,000 per year salary when you retire) and an average 3% inflation rate. + +I look at the following ETFs in my backtesting simulation: SCHD, QYLD, DGRO, NOBL, VYM, VOO, VT, VTI, SPHD, FVD, DON, IDV, SDY, and VIG. I run the simulation for each ETF over the next 30 years under the following four scenarios: (Scenario 1) Current dividend CAGR, 8% stock price appreciation; (Scenario 2) Smaller dividend CAGR, 8 % stock price appreciation; (Scenario 3: Bear Case) Smaller CAGR, 3% stock price appreciation; (Scenario 4: Bull Case) Current dividend CAGR, current stock price appreciation (5 yr average). + +I believe that there are misconceptions about “dividend investing” as it relates to younger investors. To put it bluntly, you have a higher percentage chance of making more money over the long run. Dividend investing is not solely for those trying to live off that income now; the power of compounding over a long period of time in fact beats some popular growth ETFs. For instance, by my spreadsheets, one commonly recommended ETF for younger investors (VTI) never beat the S&P500 (VOO) when accounting for dividend growth and compounding. Yes VTI has more average annual stock appreciation than VOO, but only by a very small margin (5Yr of 16.09% to 15.82% and 10 Yr of 14.44% vs 14.45%). VTI also has a larger dividend CAGR (6.67% vs. 6.39%). The only thing that I can attribute VOO’s outperformance to is that it has a higher starting (current) dividend yield (1.41% vs. 1.31%). From my simulations, VTI and VOO always come out to very similar results after 30 years. With that being said, in only the Bull Case do VTI and/or VOO leave you with enough retirement nest egg to retire with the above assumptions using this Roth IRA account alone. + +However, neither of these ETFs even come close to SCHD’s 30 year performance. In every scenario SCHD far surpasses every other ETF except QYLD (more on this below). SCHD’s 5 Yr stock price appreciation (12.20%) coupled with its 5 yr dividend CAGR (14.42%) blows the others away (minus QYLD depending on the scenario). They don’t even come very close. SCHD blows away VTI, VOO, and VT. SCHD gets you comfortably to the required retirement portfolio amount ($2.547 million) in every scenario above. + +Then there was QYLD. They have very limited dividend information as they only started paying a dividend in 2019. So forecasting their dividend growth for the next 30 years is a bit folly. But there seems to be the common conception that QYLD mostly trades sideways; this is untrue. Their 5 Yr average stock price performance is 10.60%, which is not insignificant. Their 30 Yr performance is largely swayed by what their dividend CAGR will be over that amount of time; which is anyone’s guess. Can they maintain their 2018 to 2019 jump in dividend payments of 14.57%? I think not. In my calculations for “Smaller CAGR,” I assume a CAGR of 0% for QYLD. It is there that we see what I believe is closer to accuracy over the next 30 years. + +I am not a financial advisor, and all this is the result of me being curious about what people are saying and if it actually has basis in math over the long run. Read and heed at your own risk. After all, anything to do with investing in the stock market is risky. + +Open to discussion on this commonly discussed topic. + +Edit: Linked spreadsheet is [here](https://drive.google.com/file/d/1kHBkEKLHz2y-KeGk2RZekLYtSrBNkLQy/view?usp=sharing) +**What is BBOZ, BEAR and BBUS?** + +They are similar to an ETF but instead of exposing you to shares in companies, they expose you to bets on the market; and the bets are for the market to drop. +If the market goes down, BEAR goes up the same amount and BBOZ goes up twice as much. However if the market goes up, the inverse happens but worse. The "bets" you are exposed to cost money to make so when the market goes up, you lose the inverse, you lose the cost of bets and you lose the management fees (over 1%). + +**Should I sell, buy or hold?** + +Imagine you get 16 in blackjack at the casino. There are books and people that will tell you to hit no matter what, see what the dealer has, count all the cards dealt before it, double down, split etc. No one knows what the next card will be and if they do, they have probably been cheating. +At the end of the day, if you play blackjack long enough and are not a professional player, you will lose your money. Similar for the stock market, if you have money in the market long enough and are a retail investor, you will make money. +If you see my other posts, I have been saying "sell" for weeks. It's too chaotic to make a call now, there is no precedent for what is happening. I am not recommending anything at the moment as it is too hard to tell what tomorrow will bring. + +**Why is this ETF going up when it should be going down?** + +You are probably talking about an international ETF (like NDQ) that is unhedged to the Australia dollar. This means you are essentially holding another currency, like the USD. Since the AUD is dropping, you are making money because your holding is worth more now. +Other international ETFs try to reflect movements in stock markets that are closed during the day in Australia. They rely on “futures” which are bets placed on what price companies will start trading at when their market opens. + +**Should I buy gold?** + +Gold used to be a reliable store of value as its price rarely changed. Over the past 15 years it has turned into another tradeable asset which means this question is the same as ‘should I buy Tesla?’. + +**Are there any guaranteed safe havens for my money where I will get decent growth?** + +I’m sure if there were, we would all be in there. + +**Should I change my super investment allocation?** + +Depends how old you are. If you are thinking about retiring soon, you probably shouldn’t have a risky investment profile. See the answer about buy, sell or hold. + +**What happens when I change my super allocation?** + +Most super funds have what’s called a “unit price” for their different investment profiles. E.g. Balanced unit price could be 25 and High Growth could be 50. If you had $100,000 in 100% Balanced, you would own 4000 units. If you moved to 100% High Growth, you would sell those 4000 and buy 2000 High Growth units. All of this happens behind the scenes, you usually just tell them what % you want of each investment profile. + +**What is happening? Why is everything so volatile?** + +The share price of a company listed on the stock market is a representation of its *potential future earnings*. In other words, how much money can that company make in the future? The massive swings we have seen is because of an uncertain future and robots. Robots (algorithms) perform ~80% of the trading done on the stock market with little human oversight. Humans set the rules and the robots follow them. When unexpected numbers are given to the robots, they immediately act on them and the effect is amplified as the new numbers those robots create are fed to other robots. + +**What is QE?** + +When the Australian Government needs money, it creates and sells bonds. A bond is essentially a loan; you give the Government money and it pays you this money back in the future with interest. Quantitative Easing is when the Reserve Bank of Australia (RBA) buys these bonds from the Government. This does two things, it gives the Government money to spend things on and raises the price of the bonds because the more you buy of something, the more valuable it gets to others who don’t have it (e.g. toilet paper). Boomers love high bond prices since a lot of their retirement super is made up of bonds. But where does the RBA get its money from? It creates it out of thin air which can cause inflation. + +**Where can I find more information about COVID-19s effect on finance?** + + +There is a [Whirlpool thread](https://forums.whirlpool.net.au/thread/3wj5nyp9?p=-1#bottom) that is dedicated to it. +[ABC Business](https://www.abc.net.au/news/business/) is covering it well. +Zero Hedge is covering it in detail with daily COVID and market updates. Not going to link it as it’s a controversial site with a lot of other junk. +Erik Townsend is ramping up to almost daily COVID market updates on his MacroVoices podcast. Highly recommend, he has made a lot of accurate predictions about the virus and its effect on the market from back in Jan and is a financial expert. + +*None of this is financial advice, just my personal take on it all. Don't give me gold or other badges, reddit is a terrible website that I abhor visiting and your money is better spent elsewhere.* +Since the start of the summer (I’m defining this as England’s first game in the Euros) I’ve been spending silly amounts of money on anything and everything, without second thought. Mainly social events, pub visits and food. + +I put away a bit of money earlier in the year for “summer spending” but I’ve gone WAY over the money I saved (I blame England’s run to the final). Luckily I’m able to still save money for a deposit and invest in an index fund, and these amounts haven’t changed and I never dip into these. + +At the start I felt a little guilty of my splurging, then I thought “f*ck it!” It’s been a tough year, it’s summer, everything is open and football (nearly) came home. + +I know people who ended up dipping into their savings this summer, but I remind them of what we’ve all gone though recently. Yeah they had savings goals they fell short on for a couple of months, but it’s also important to have the occasional splurge and let loose. + +I love the PF channel, but a lot of people on here turn their noses up when +other people don’t allocate their money to saving or investing. Remember people, it’s ok to spend money on things other than your future! + +I want to know how other people have “pissed money up the wall” this summer? I hope you start to feel guilt free (unless you spent your mortgage money) and know that I’m being 100% non judgemental. Here are a few of mine: + +- ordering Deliveroo/uber eats/local takeaway at least twice a week +- Uber’s if going out for dinner or drinks anywhere that’s not within a 15 minute walk (10 minutes if it’s hot outside) +- multiple orders on Zara and ASOS +- buying coffees from the local independent coffee shop despite having a Pret subscription (I justify it as doing my bit for local businesses) +- lots of alcohol + +Edit: so much variation in how people ‘splurge’ and I love it! I’ve also noticed most people sound happy about the things they’ve splurged on. If only happiness was something tangible that could be tracked! +Hi there. I drive for Uber in Southern California (Los Angeles westside and South Bay mostly with occasional forays to the Valley, downtown and East LA). I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from $2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions. + +So I'm guessing that each company's revenue from rides (at least in the U.S.) has plummeted this month. I"m not sure that's germane to the long-term prospects of each stock but wanted to warn the community that, based on my experiences, each company's U.S. revenue is likely to shrink this month (and possibly for the fiscal quarter). + +This is my first post in this sub, so please give me feedback about whether this is worth posting. + +On edit: I just want to say a quick "thanks!" to all who have responded. I have definitely learned a lot both about Uber and Lyft and about investing and have acquired some new perspectives as a result. I'm very impressed at the caliber of discussion here. +Hi everyone! + +This is probably going to be a long post but bear with me… + +Ever since I (M30) can remember, I’ve been a very impulsive spender and I just can’t help myself. My wife (30) is much more reasonable than me and a lot more stingy but somehow I always manage to convince her (and myself for that matter) that spending whatever money I’m about to spend, is OK. Despite all the very detailed and elaborate Excel sheets and budgets I prepare for every month, we still somehow manage to spend it all. We are both 30 years old and still living paycheck to paycheck. We both have solid and stable 9-5 (more like 9-9 really) jobs and have a combined monthly income of $11.5K after tax. After our monthly fixed costs of about $5K (apartment, utilities, cars, motorcycle, insurance, phones, gym, groceries, haircuts and whatnot) we still manage to somehow blow through about $6.5K a month (I honestly don’t even know where it all goes). We’ve been living like this for at least 4-5 years now (making a little less at first and slowly increasing). We’re still paying off about $10K in credit card debt which doesn’t seem to move and we only have about $8K in savings and roughly the same invested in liquid assets. We don’t have kids btw and don’t plan on having any for at least another 2-3 years. + +I really want to get a grip on our financials and start paying off our debt quicker (this really shouldn't be so hard with all the "extra" money we have every month) and putting more away into savings or investments but I just can’t seem to stop my impulsive spending, mostly on trips, eating out, parties, clothes, motorcycle parts etc. I’m even considering buying a new car or a 2nd motorcycle which I realize is crazy even if I can afford it. I guess I’m just torn between enjoying the next couple of years before the kids come along or slowing down a little and start building a more solid “foundation” for our family. I do want to stress the fact that I am mostly at fault here. My wife sort of goes along with my spending but, for the most part, she does make a much bigger effort to spend less money than I do (she grew up sort of poor whereas I was pretty spoiled). Anyway, I just can’t seem to figure out what’s wrong with me. I am completely 100% aware of my recurring mistakes of overspending and I do make concrete budgets and plans to spend less money and I have every intention of doing so but in the heat of the moment, I’ll always be like “f\*ck it, YOLO” and out goes another $1K just like that... + +Do I need professional help? Is seeing a shrink my only option? I'm seriously considering this! + +Edit: Wow, I didn't expect to receive this many responses! Some are much more comprehensive than others but they are all still valid and helpful. I just want to say THANK YOU to everyone for taking the time to give me your extensive advice and sharing some of your wisdom and stories, some of which are quite similar to mine. I have read most of your comments and still have some to read but this has already given me very valuable guidance and, more importantly, the motivation to change my ways! I just had a chat with my wife and told her that I want to get VERY serious about getting our finances under control and I did mention some of the things I read in your comments. She seemed very excited and is 100% supportive. She has my permission to yell at me, slap me and even kick me in the balls if I'm ever about to go on another random f\*ck it YOLO spending sprees! +[Article](http://jalopnik.com/84-month-auto-loans-are-becoming-more-common-because-yo-1825414883) + +> Records have been set in practically every metric for auto loans, as of late: Americans owe a record $1.1 trillion in loans; a record 20 percent of new car loans have 72 month terms; people are overall paying record amounts for a new car; and a record 6.3 million people are 90 days or more behind on their loans. + +Maybe this won’t cause the next Great Recession, but it ain’t good. +&#x200B; + +You can find the calculator at: + +# [http://yourslrc.co.uk/](http://yourslrc.co.uk/) + +Firstly, I would like to extend my thanks to everyone whose been trying the website out, brought bugs to my attention and has left feedback. I want this tool to be as beneficial to everyone as possible and a big part of working towards that goal is making use of all of your feedback, it's a huge help! I really appreciate it. + +SLRC (Student Loan Repayment Calculator), is a site which aims to help you answer two important questions (among other things); How much your student loan will cost and whether you should try to pay it off. It does this primarily through the calculator on the homepage; you give it as much information as possible and it tries to predict how much you will end up paying in total before your loan is either paid off or written off. + +&#x200B; + +Based on lots of user feedback and research, in summary, the site: + +* Has been completely re-done +* Added the new Plan 4 loan for Scottish students +* Increased the number of contributions (voluntary extra payments) you can make towards a loan (and you can choose whether that's a lump sum or done over a period of time) +* Fixed many bugs, such as not being able to do a calculation if you graduated before 2006 +* Clarified the definition for each income bracket on the **Student Loans Explained** section of the site +* Added a new articles section (the intention is to write insightful and beneficial articles related to student loans and university) +* And made many other smaller tweaks and enhancements in both the web app and the API which powers it + +&#x200B; + +Some things which haven't been added yet but I would like to in a future iteration are things like: + +* The real cost of your loan taking inflation into account +* The opportunity cost of the money you're putting towards paying off your loan vs investing it +* At which income:debt ratio and income change trajectory it becomes more worthwhile trying to pay off your loan +* Repayments when living overseas +* Allow users to perform calculations with historic data (basically, calculations in the past) + +As always, I would love to hear any feedback around the changes, any issues you run into, any ideas you have etc. + +Thanks! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello All, + +Just created this throwaway account for obvious reasons. + +A little backstory - FatFIRED in 2017, 38 male, not married, no kids, \~ $6.5m NW. + +NW is: + +* $3.2m liquid in brokerage +* $3.3m equity real estate (rental properties) - have \~ $3m in debt across several properties - the $3.3m accounts for that +* $600k equity in personal home - $500k in mortgage debt left on the note +* $800k misc. assets (mostly illiquid) + +Here's the problem. I bought most of my rental properties using a pledged asset line (similar to margin but much lower rates) at my brokerage for the down payments and it has worked well so far. Have \~ $1.4m outstanding on the line. + +Liquid investments in brokerage touched $4m in Dec. 2021. Dipped to $3.2 in mid-Feb. 2022. Pledged account value is only $2.1m (rest is spread across other accounts). Was $2.6m in Dec. 2021. So ratio of debt to value is \~ 67% ! + +Sudden drop of 20% in the portfolio made me have to transfer some funds into the pledged account to avoid selling. Market is dropping every day (the past week alone has been > -$250k in value). + +Can't afford to keep transferring funds into the pledged account to ward off demand/margin-call. + +What do you guys suggest? + +Things were going swimmingly until Dec. 2021. I can't believe the value has dropped > $800k in \~ 50 days! + +I couldn't sleep last night. I have a severe stomach ache today. What is the best/safest strategy out of this mess? I built up my NW diligently only to see myself at the precipice now. + +I welcome constructive criticism and helpful suggestions. +Hey guys, + +Just a reminder to always ring to get a better deal. My car insurance was due and came in at $620 which is not overly excessive but why pay more. Anyway, I looked online and found much cheaper ones and rang up my insurance provider (RACQ) to tell them. They were able to match the price instantly over the phone bringing my insurance down to $480. $140 saved. I even got a lower excess and kept all my other benefits and coverage. + + +To be honest they didn't even ask which company, or for evidence of the quote and only took about 10minutes. +Thanks. + +Edit 1: Yeh, I do agree that there is definitely a fine balance to be struck here when it comes down to - when do I treat myself? +I strongly agree withsome suggestions where you split it and save x percent and spend x percent, if you do struggle getting no present use with the money, or you just wanna buy some cool stuff - but I strongly suggest it's stuff that you really want or need. +There is nothing worse than spending for the hell of it. +Here’s what I’m looking at: + +$MWK + +* Fully integrated in the Amazon ecosystem with a huge slice of the female accessories niche (Through Xtava and other brands). +* Sales trending upwards (97% YOY net revenue growth according to their recent earnings report). + +&#x200B; + +$VRA + +* The stock had traded at about $10/share consistently for the past five years. +* IMO the COVID-19 panic has created a mispricing opportunity. That said, knowing how retail brands are dropping off like flies, I would need more confidence and clarity about their $ runway before betting long term. + +&#x200B; + +$YCBD + +* CBDMD is a beast of a CBD CPG company IMO. Branding, product, distribution, revenue, finances all on point. The CBD space is undeniably saturated on the production side, but the GPG DTC space still has tremendous growth potential. That said, CBD regulation might get stricter (see EU sentiment on CBD) which could devastate their sales and marketing channels. + +&#x200B; + +$ZVO + +* Earnings report will be coming out at some point next week. My guess is that their sales and course-signup metrics will show significant growth. +* If they play their cards right they might be able to capitalize well on the ongoing edu. decentralization/study-from-home trend. + +Things I didn't look at/not interested in: 'rona plays + +&#x200B; + +**PS. Goes without saying I have no affiliation with any of them. Just need some help with DD.** +Are these people just the lucky ones who managed to pick the right stock? What does the current literature say about financial asset picking vs passive investing? +I've been trying to find this and haven't had much success. Why has the political push for a minimum wage increase chosen $15? Is it just a nice number? Was there some sort of economic analysis coming up with it? Why not 14, or 16? + + + +I'm asking because Ontario, where I live, is proposing to increase the minimum wage to 15. The premier's public statements om why seem to boil down to "everyone else is doing it", not an actual economic analysis showing the benefits of this wage and choosing it compared to some other. + + +I'm not against raising the minimum wage, it just feels like they picked $15 for the sake of a nice number, not trying to actually calculate what would be best. + +This is really a broader question in the relation of prices and value but I’ll use the example as follows: + +An antique, say a chair, is originally made for sale on the market at $5. Left 200 years, without any extra labour being put into the chair, it now fetched a price of $1,000 (adjusted for inflation). + +The question is obvious here, if labour is what determines value of an item, how come the price it gets on the market has risen so dramatically without the use of any labour? + +Now the common response I’ve heard is that for Marx, price and value are not the same thing. Price is just the amount of money something is sold for but the idea of value seems far more vague. What is this value and how does it manifest in the real world? It’s fine to say an object may have a value that is separate to prove but it would need to be shown how this value actually has material or even psychological impacts on real people. + +It would also seem that as someone would be willing to spend this amount of money and money for Marx is a material manifestation of coagulated labour time (being a commodity itself) this would seem to suggest that the antique has actually gained value not just price? (Please correct me on any misunderstanding) + +I have heard it says that price roughly orbits value. Fluctuating from in by (relatively) small differences. However this does not seem to be the case for antiques as the current price has differed often very substantially from the original and will most likely increase further (rather than orbiting the value). + +It would seem intuitively that the price of this antique is determined by supply and demand. Meaning, there are few on the market and someone is willing to pay that price for it. I’m unsure if this is something Marx would deny, maybe he would go a step further and ask ‘why is someone willing to pay that price?’. + +I would appreciate any responses or corrections of my understanding. +Many in this sub are quick to dismiss the low dividend payers....but that can be a miss. Take Hormel for example, a very boring consumer packaged goods company that's been around forever (numbers below are adjusted for splits). + +For most of 2007 & 2008 (pre-crash), Hormel was trading in the $8.50 to $10.50 range with an annual dividend that grew from $0.15 to $0.18. So your yield for most of that two year period was 1.5 to 2%....nothing to write home about. + +Fast forward to 2014 & 2015. Stock was trading in the $20 to $30 range with an annual dividend that grew from $0.40 to $0.50. Again, for most of this two year period, the yield was in the 1.5 to 2% range. + +Fast forward to today. It's be trading in the $45 to $50 range for most of the last year with an annual dividend of $0.98....thus giving a yield of roughly 2%. + +So over a 13-14 year period, while there have periods when the yield was higher and lower than 2%....that's roughly the trajectory it took. + +If however, you bought when the stock was trading at $9 back at the beginning (which it did for over a year); your yield on cost would be easily 11% (and that's without reinvesting the dividends). If you reinvested the dividends, then you basically invested in a printing press. + +The moral of the story; pay less attention to today's yield and more attention to the long term health of the company. +Over the last few decades working +in the industry I’ve seen some atrocious unethical behaviour. + +I’m hearing through the grape vine that consideration is being made by the government to clean up the industry to reduce unethical practices and create a sustainable housing market. + +Post your stories and tell me your thoughts. +I've just started trading crypto mostly long positions of coins I know about them and bullish. It's been 2 weeks. I've made enough profit worth almost 6 month of salary (started with 5K now, after closing today's position, account is nearly 60K). My first liquidation happened with small amount but enough to understand deeper the risks of over leverage etc. Doing 10x and max 20x when really bullish. + +I feel a new door has opened. Don't get me wrong, I've been studying long time before I decided to give it a go but still a lot to learn. + +It's been 2 weeks and I feel my life is shifting towards a new chapter. I enjoy this more than my work. I feel that if I manage to settle, I would be free, work from anywhere, provide for my family. + +Do you think I'm just being lucky? Or is it with common sense, understanding technicals and market is just good to have descent profits? + +Would you advise me to do something else, I don't know I guess I'm confused. +------------------------ + +EDIT: for the sake of making it easier to get you guys to help me, I thought to share what is the process I follow. This is what I do: + +- I don't chase Green candles. +- I understand we are bull Market until is not. +- I watch the coins (mostly BNB, ETH and sometimes BTC). +- I determine that I am most bullish on BNB hence most of my profit is from there. +- I enter long position when a support level has been tested twice and I know coin is def going up (this is subjective). I just know it has to go up. +- I put take profit as I ride up the long, normally 25% at each resistance. Sometimes they are all eaten up sometimes they are not. If one of them gets executed, I put a new buy on the previous step. +- when support is clearly tested and identified I put stop loss a little bit below the mark to allow some extra room for volatiliness. +- I struggled before closing a position too early and then trying to jump back in because of FOMO. So I now stick to the plan and after orders get filled, I close the app for a couple of hours to reset myself. + +Bad things I know I've been doing: + +- don't use SL because being afraid of market eating my SL and then going back up. +- I don't short. I guess is because I'm bullish but it shouldnt have anything to do. I just feel weird. Tried once and price skyrocketed. Anyway maybe later. +- I have borrow against my btc to raise more usdt and inject into margin to reduce liq price. This is true when is late at night and I won't be closing the position because is not green but I don't want to wake up being liquidated and I don't want a stop loss to take me out as it has happened before. This, in my opinion, is the worst I've been doing. This is where I feel I've been lucky as I could have lost it all should the market do a super 70% dip which we all know is possible. + +EDIT 2: + +Thanks to those who have commented being objective about it. + +I would like to know if there is a source you would recommend to study more about trading in crypto? Course or something? All I know is me reading up about the technicals I find easier to work with and crypto behaves different of course. + +EDIT 3: + +I have concluded I've been just lucky. I exposed myself into too much risk. I have borrowed against btc at times to inject margin to positions that were close to be liquidated. If liquidation had happened I wouldn't be writing here. I would go to sleep and wake up in the morning back to green with enough profit to pay everything off and get profits compounded into the next position. + +I will be taking 2 steps back. I have removed 20K and reinvested somewhere else for long term. + +I will make positions not more than 10K in total and use the 30K to protect against liquidation. + +For those who wonder what is what I am doing: For instance my current open position is + +BTCUSD Perpetual Future 20x for 2 BTC, Entry Price 53150 with 8K margin. +Currently PNL of 7K. + +I will update you once I get rekt or otherwise. Thank you all for your comments. +We’re all fucking buying and it just KEEPS dropping. + +I’ve seen like 10 10k+ orders. I just bought 700 more AND IT KEEPS DROPPING + +I think we’re in the final round. I’d suggest you save some ammo and wait until they dip it sub 50. And then give them HELL. + +(NFA) +TDLR: They are all in this together. It is a class war. The water is so deep and murky it makes the everyday person’s head and heart hurt. They made a bad bet. This is the first time they can really lose. They do not see you as an equal. Realize you are up against people that do not care about humanity. Buy and hodl. Be greedier than you can fathom. And tear their house of cards down. + +Morning Coffee... + +Back in February, I tried to help people grasp the magnitude of what a POS Steven Cohen is from first hand knowledge and interactions with SAC professionally, but it was dismissed. Cohen is a bigger issue than Kenny yes, but he isn’t even the head of the snake. This is how corporate raiders like Soros, Icahn, Ackman, and Cooperman, to name a few, work. + +As an aside for additional morning coffee chat: If you see GS on a deal, know it is snake oil. Every time I have been in that building I have felt like I need to go directly to a church. Ask yourself why every major politician regardless of party or country has some connection to at least one of the big banks ie GS, Deutsche, JP Morgan, BAC, Mitsubishi, Citi, BNP, Credit Agricole, Credit Suisse, Barclays, TD Bank, RBC, HSBC, ICIB. And how they all become so rich so quick and suddenly have foundations and NGOs. And no one goes to jail. + +In the SAC days, they were the middle management hedge fund. The scary, smart, public facing front man that let a hunted company know they were a corporate raider target. The process started with a bunch of small hedge funds that piled on to short companies into distress. Then like a pack of hyenas, SAC starts demanding the company make changes and announces a short position. They create negative media buzz and destroy any value proposition the company has and attempts to articulate to combat the Wall Street paid media machine. + +Suddenly, CNBC shows, Wall Street Journal, and rags like the mOtley fOlL are writing piece after piece and only call the company once the story or segment is public seeking comment. More gotcha. Long positions and retail get scared when the stock price drops from the short selling and FUD cycle. None of it is based on fundamentals. + +Once they have the company in the kill box, the big fish who backed it all, finally announced their position…in our case it was Carl Icahn. He feeds like a vampire on companies that would otherwise have continued on and does it in the name of shareholder value. He takes seats on the board, tears the company apart and sells it for parts. Destroys jobs, shareholder value, reputations and lives, for sport. He takes pride in ruining everything in his path. He has never built or created anything. And it is all for power and money. + +I can’t begin to describe the personal attacks that come from these people. They have no conscience. They are weak minded with a wretched soul, spew nothing but venom, yet have skin so thin you could pierce it with a mean tweet or an off comment. They are the kid no one liked growing up. + +I digress. I apologize, it is emotional to discuss knowing what I have seen and been through at their hands. + +The situation companies find themselves in are 100% manipulated and created by people like Icahn and his army of greedy, money hungry psychopaths. Icahn and raiders like him have been doing this on a massive scale since the 70s and peaked in the 80s. Then when his reputation and actions became that of legend, he switched to a man behind the curtain role, but he has always been there pulling the strings for decades. + +He and his ilk are above the law, above government, above prosecution and anyone that they still deem as helpful is also. There are dozens of these types of men around the world, some even bigger than Icahn. People do not know their names. They do not appear on lists. Their wealth and power is what conspiracies are grounded in. And why average people dismiss them. The general public cannot begin to grasp these people live in a different world on the same planet. They are not bound by anything. They do not lose…until now. An overreach greedy mistake with unlimited risk. + +The reality though is that the entire financial system including central banks and Cartels like the Fed, were built by these people for two purposes: power and control both of which come from wealth. Remember the Fed is not a government entity. It is a membership of banks that manages money flow for banks, so basically itself. It is all a centralized control system from those that do not work to control the labor that does work and creates the wealth. This is why small business has been under attack for the last 18 months. Small business had too much decentralized power in the last four years. + +The short sale into distressed company is a game they have played many times successfully, until now. It is why none of the DD is debunked. Because it is a nightmare the average person stumbled upon. Make no mistake retail has no friends in this. Only a few whales that want to feast on other whales and get a little good PR. + +I myself do not need more convincing or DD. I will wait and wait and hodl and hodl until there is big boy financial bleeding not just Kenny and Stevie and their merry band jesters losing billions. + +Edit: I am overwhelmed by the responses. Thank you so much for listening to my morning mussing and reflections over coffee. I lurk a lot. This community is a gift. Retail investors are so fortunate to have a safe place and a voice. + +Edit: added a title break after tdlr +https://www.bloomberg.com/news/articles/2020-09-15/big-investors-are-dying-to-know-what-the-little-guys-are-doing + +Professional investors turn to Reddit, Twitter to track retail + +Individual traders have become a sizable stock market force + +Thanks for the award. +Here are just a few examples (plenty more if you just Google it): + +https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa_on_why_they_closed_their_banks_today_nothing/ + +https://www.reddit.com/r/Superstonk/comments/mv4q9i/bank_of_america_isnt_explaining_their_closures/ + +https://www.reddit.com/r/Superstonk/comments/mvce10/i_checked_how_many_locations_were_closed_for_boa/ + +This whole BOA thing is just recycled distraction and it's really concerning how easy apes are forgetting things that already happened. + +Just DRS your shares. That's literally all we need to do at this point. Don't worry about driving to your local BOA branch just to snap a picture of it being temporarily closed so you can post it on Reddit for karma. If BOA is really on the verge of collapse, apes posting about it won't make it a reality. +So I'm not new to crypto and Blockchain technology. However I have not been paying super close attention to what's been going on. Does anyone have any clue why people are paying hundreds, and even thousands, if not hundreds of thousands of dollars for stupid little pictures (NFTs)? I understand that the pictures are "unique" as non-fungible tokens are well, non-fungible. I spent a few minutes on opensea and I just can't imagine paying $215 for an 8 bit viking with a stripe shirt. Valuable art usually has some type of historical value to it. I understand why Davinci pieces are expensive. Do people really believe that buying these NFTs means they're going to hold them and get rich off them later on? Because to me it looks like the only people getting rich are the ones getting away with selling them first off and leaving the bag with the buyers. +I’m looking to understand the actual research behind how each strategy performs over time, currently I invest mainly in dividends even though I’m only 28 and have a high income. (I do more speculative investing outside of stocks). + +I’m hoping to find some research that definitively lays out the performance differences between both strategies and any other pros and cons (ie the psychological benefit of passive income helping you not panic sell in bear markets). Thanks! +I often see some people are almost scared to use any margin and will only ever trade fully cash secured on all things with no naked positions. + +If you are using proper risk management and keeping individual positions small etc you *should* not run into many issues. In fact, naked positions are often easier to manage versus defined risk positions / spreads - you have more flexibility on how you manage losing trades. + +Obviously each to their own but IMO using margin *properly* is no bad thing and can increase your returns more than the associated increase in risk. + +Happy trading. +Something is wrong with reddit at the moment could not upload any pictures, and keeps giving me errors but in getting the news out asap I thought I'd get it out now and try to add images later if needed. + +# (Superstonk header) + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +# (stonks ↗) + +# + +# Reverse repo's + +[https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily\_reverse\_repo\_update\_0625\_770830b/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily_reverse_repo_update_0625_770830b/?utm_source=share&utm_medium=web2x&context=3) + +It seems the reverse repo's are now at 770.830 with 74 participants. + +I'd also advise to check out the top comment pinned to that thread as it explains quite a bit on how the repo's have been increasing and even includes this : + +[Reverse Repo's explained](https://www.reddit.com/r/Superstonk/comments/o27k2h/reverse_repo_operations_explaining_their_purpose/) + +# + +# The exponential floor + +[https://www.reddit.com/r/Superstonk/comments/o7va1q/0625\_update\_floor\_guys\_log\_stonkdate\_268\_russell/](https://www.reddit.com/r/Superstonk/comments/o7va1q/0625_update_floor_guys_log_stonkdate_268_russell/) + +Seems we are still sitting bellow the exponential floor u/JTH1 came up with, again I believe this shows that standard TA is hard to pin down on this sub, but its good to keep an eye on models like this because it does show us what was previously thought of, and gives us a good starting point for the next possible model. + +With enough data collected someone like JTH1 could start making a new accurate model. + +# + +# The Russel 1000 + +[https://content.ftserussell.com/sites/default/files/ru1000\_membershiplist\_20210628.pdf](https://content.ftserussell.com/sites/default/files/ru1000_membershiplist_20210628.pdf) + +It's official GME has been added to the R1K, I believe I even read somewhere that GME is only 1 single good quarter away from joining the S&P 500, but I'm not sure about that (as this is from memory) perhaps a wrinklebrain can help out and check this out to make sure we are indeed about to join that as well. + +Also good thing to note, I believe the Q2 is about to close at the end of June🤔 wait wouldn't that be... heheh + +&#x200B; + +# Fud campaigns + +[https://www.reddit.com/r/Superstonk/comments/o8pk79/what\_i\_see\_when\_i\_zoom\_out\_shout\_out\_to\_uayyyybro/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o8pk79/what_i_see_when_i_zoom_out_shout_out_to_uayyyybro/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +u/bah2o was awesome enough that they created a timeline of all the FUD campaigns we have seen up to this date, you can see the stuff they already tried to pull, it doesn't matter if these people who were part of this fud campaigns were trolls/shills/bots + +The important thing is just what was posted. + +Thanks u/bah2o for giving satori some more food to process 😉 + +&#x200B; + +# DTCC-011 + +[https://www.reddit.com/r/Superstonk/comments/o908v9/thought\_sausage\_my\_take\_on\_dtcc\_the\_011/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o908v9/thought_sausage_my_take_on_dtcc_the_011/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Here is a thread about the dtcc 011, join the discussion and lets see if we can all form some new wrinkles. + +My take on it so far is that the amendment was something along the lines of "cut off the foot to save the leg" kindof action, but what the hell do I know 🤷‍♂️ + +[https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc\_update\_submission\_of\_rule\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc_update_submission_of_rule_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +# A pattern of memes + +[https://www.reddit.com/r/Superstonk/comments/o92cmg/i\_think\_i\_noticed\_a\_pattern\_a\_bunch\_of\_the\_meme/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o92cmg/i_think_i_noticed_a_pattern_a_bunch_of_the_meme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Good writeup about why certain stocks have recently perhaps been offering shares and others have not. + +It could be (imo) that some stock companies are doing an ATM share offering so that when legal action does indeed come they can't say "well we couldn't cover" can now be met with "nah bitch you had 10 million shares coming out in less than six months, you CHOSE not to cover". + +(yes I still hope they go after the SHF who do illegal shit with jail time). + +&#x200B; + +# Possible Crypto Dividend. + +[https://www.reddit.com/r/Superstonk/comments/o933f5/crypto\_hints\_being\_dropped\_in\_gmes\_prospectus/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o933f5/crypto_hints_being_dropped_in_gmes_prospectus/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Seems like we missed some stuff in the filings, thank god people like u/loggic found this. + +Give his thread a look they go over how they possibly could offer crypto dividend and other things my brain is to smooth to explain for. + +[https://www.reddit.com/r/Superstonk/comments/o94pad/why\_didnt\_we\_read\_the\_prospectus\_the\_reset\_button/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o94pad/why_didnt_we_read_the_prospectus_the_reset_button/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Another one by u/JustBeingPunny again focussing on the prospectus and possible "non traditional + +[https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend\_other\_than\_cash\_taken\_from\_their\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend_other_than_cash_taken_from_their_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# GameStop's NEW 700,000 Sq Ft. Fulfillment Center in York, PA + +[https://www.reddit.com/r/Superstonk/comments/o83m79/update\_gamestops\_new\_700000\_sq\_ft\_fulfillment/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o83m79/update_gamestops_new_700000_sq_ft_fulfillment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +# Insert bill and ted be excellent picture + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +# I'm Ron Burgundy, stay classy San Diago + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +&#x200B; + +&#x200B; + +Again sorry for no pictures but reddit is not letting me upload any, keeps telling me they failed to upload -\_- + +&#x200B; + +Edit 1: + +[https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont\_get\_scammed\_by\_fake\_gamestop\_nft\_tokens/](https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont_get_scammed_by_fake_gamestop_nft_tokens/) + +Because some people have pointed out that there may be some scammers out there, be careful with Crypto tokens, because unfortunately this is something that happens a lot in the crypto world. + +Tomorrow we'll be getting a DD from our Kiwi ape u/Lucent_Sable on Crypto scams/tokens. + +(seeing GME is offering a nft/crypto/token soon it's good to be informed about this so no one gets screwed) +https://www.nysenate.gov/newsroom/press-releases/brad-hoylman/tenant-safe-harbor-act-sponsored-senator-brad-hoylman-signed + +>The Tenant Safe Harbor Act (S.8192B (Hoylman)/A.10290B (Dinowitz)) provides protection from eviction for renters who have experienced financial hardship during the COVID-19 State of Emergency. The legislation prohibits courts from ever evicting residential tenants who experienced financial hardship for non-payment of rent that accrues or becomes due during the COVID-19 period. It would apply to any unpaid rent accrued between March 7 and the yet-to-be-determined date on which all COVID-related restrictions on non-essential gatherings and businesses are lifted. + +>This legislation builds upon the protections of the current eviction moratorium. Prior to the Tenant Safe Harbor Act, a tenant who was unable to pay rent during the COVID-19 crisis could be evicted for non-payment as soon as the moratorium ended. Now, because of the Tenant Safe Harbor Act, a court can never use unpaid rent that accrued during the COVID-19 period as the basis for a non-payment eviction of a financially burdened tenant; however, a court could impose a money judgment. +I feel like I got duped into a auto loan by a dealership five years ago and now I’m free($18,500 when you add it all up, even with the extended warranty added). I officially own my car. I almost don’t regret it as it has come in handy several times in the moving across the country a few different times for various seasonal work but man has it been a struggle some months. Even if it were my last $300, it went to my car. I’ve had to borrow money for my payments twice and have always felt eternally grateful for those individuals that helped me out. I am overwhelmed with this new freedom and it’s only been a couple days since I put that last payment in the mail. I want to share this with the world but really the first person I told was my dad who put his name up for the co-sign. He’s pretty happy too. Suggestions for what I could do with the extra money? It’s been so long since I haven’t had to worry about the 13th of every month that I’m sure I’ll recover from that anxiety, but not sure if it will be for a couple months. +Modified from original list here: https://www.youtube.com/watch?v=YUfMVFTPXao + +1. **Big profits start with trends** - everyone who makes big money rides and surfs waves. +2. **Adapt your trading to what you see the market doing** - Don't bother guessing what a market will do- you cannot. Trade what you see. +3. **Good traders are made, not born** - a winning trader is disciplined and learned. +4. **React to market movements and follow along** - who cares why the market is moving, don't make up a story as to why, don't predict, just follow along. +5. **Statistical thinking is paramount** - trading is about probability, not certainty. +6. **Market irrationality is your friend** - there will always be irrational exuberance in one direction then (panic) in the other. Go with the flow. +7. **Speculation drives the market** - millions of people speculating to make money moves the market. +8. **Fundamentals can be an illusion** - there does not need to be an explanation for every market move, markets will do their own thing sometimes. +9. **The market is NEVER wrong** - do not pine for the market to go in your direction and offer sacrifices to the trading gods for it to come back in your favour. The market is never wrong. The market does not answer prayers. +10. **Never trust anyone** - experts will speculate why something occurred, what will occur. This rarely translates to consistent profits. You judge what you see the market doing NOW. +11. **Losers average losers** - two wrongs make two wrongs. Don't have one trade result in multiple losses. Do not bet your deli for a pickle or pick up pennies in front of a steamroller. +12. **Forget the market's name** - If you trade the price all markets are the same. +13. **Process beats outcome** - You have NO control over results. You have TOTAL control over your actions. What can you really control? How much you lose. +14. **Kenny Rogers is right** - Know when to hold em, know when to fold em, know when to walk away, know when to run. +15. **Learn to love losses** - Never mind the cheese said the mouse; let me out of this fucking trap! +16. **Slow down** - Be the lion in the grass. Wait patiently and strike when the time is right. +17. **Stay in the game** - In between wins don't lose too much. The market will be there next week, make sure you are. +18. **Price is all that matters** - Keep it simple, understand the market, don't overburden yourself with indicators. +19. **Algorithms give the answer, not the question** - 42. Computers are useless, they can only give you answers said Pablo Picasso. Figure out the question - automating the answer is the easy part. +20. **Your only competition is yourself** - Don't be jealous of other's returns, don't be boastful of yours. This is a game of solitaire between yourself and yourself. +21. **There is no holy grail** - Join Scientology if you want the complete solution. +22. **Performance is uncontrollable** - The market provides what it provides, you cannot control results. Performance is uncontrollable, the process is controllable. +23. **In Africa, leaving the herd means you're dinner** - The herd creates trends. Stick with the herd, it offers safety, confirmation and simplifies decision making. +24. **Don't drink the Kool Aid** - Don't blindly follow a system, a guru or even your own ego. Figure out the process you need to ask the right questions of the market. +25. **The market remains irrational longer than you can remain liquid** - Do not buy and hold, unless you plan to live forever. + + + + +Thoughts? Any that are horribly wrong that you disagree with? Any that have been missed? +Let me start by saying my main purpose of this post is to give a **HUGE THANK YOU** to people on this sub that are knowledgeable and experienced that have probably answered a stupid question or two back when I started selling options \~1 year ago by attempting to pay something forward. + +**TLDR:** This post won't be short and if you need everything abridged for you to understand than simply click the "X" above and find another post with a catchy meme to entertain you. + +&#x200B; + +**Celebrating A Milestone As I Shift Towards More Optimal:** + +As I'm eagerly anticipating crossing this milestone I thought I'd give some context to why I'm using theta plays in general and specifically what appeals to me. I read a ton of posts on here from people that are using theta to \[ideally\] beat an index or to normalize returns in an otherwise roller-coaster world of investing. ***That isn't quite why I do this*** so I wanted to share my perspective in case others can relate or in case it encourages others to hop in. + +&#x200B; + +**Context For Why I Sell Options:** + +I don't use theta plays as my primary strategy with investing but rather to supplement other activities I involve myself with re: trading. Many people here have pointed out that a great theta strategy return 12-18% annually if done optimally and I suspect that range is accurate, but it takes a decent amount of attention to the market regularly and it involves tax liabilities that are at times less than optimal. Therefore ***I do not dedicate my entire portfolio to theta but rather I use it to create somewhat of a dividend*** on stocks I own and would be willing to own more of as a supplement to my longer term goals. + +I recently sold an insurance business I owned and day to day our income derived from earning commissions on policies that were sold to our clients. More specifically, we made 10-15% of the premium we generated with these policies (commissions range based on type of product) so as long as we were hitting our monthly/annual goals then there was net profit left over for me at the end of the day after paying all expenses. ***But operating a small business can be as annoying as it can be fun just depending on the day.*** I had to manage training and recruiting staff from time to time, providing the space to operate the business from, phone bills, calls from insurance companies we worked with who wanted to tell us about product changes, clients that weren't happy about claims, billing issues, having to occasionally stay late, having to occasionally come in early, dealing with USPS delays, buying supplies, etc etc etc. Short story long, running a business means a lot of moving pieces. + +However, once I started getting more serious about selling options and generating premiums (after I sold my business) I feel like a lightbulb flipped on. I can sell without ever picking up the phone, without ever handling an upset client, and without 99% of the expenses necessary to operating my business and still (hopefully) generate net profit. ***My perspective had changed for good!*** Starting this year I began to track every open/close of a position and I decided to spend about an hour a day on average making trades an analyzing what worked and didn't work to develop a more optimal strategy and so far I think I've come to some good inflection points. + +&#x200B; + +**Lessons I've Learned The Hard Way, The Only Way I Know How:** + +Having been at this diligently for about 5.5 months now I've noticed some trends in my earlier trades that I haven't wanted to repeat since then and I'm happy to share a few now. These may be obvious to some but for me they took getting that *burning, itching feeling* before I decided to change things up a bit. + +1. The first time I got assigned on covered calls I was pumped! I had shares of a company that I had higher hopes for but as I started thumbing through more SEC docs I became turned off towards their future prospects. I sold the calls, made $3,482 in premium (felt like free money!) and forgot about the shares until a month or so later my shares were gone and I had the money in my account instead. I was stoked and then it was off to the races.... until my second assignment happened that I DID NOT want to happen and I felt terrible. Lesson #1 therefore was come up with a better strategy to determine how far OTM to sell to lessen the probability of this occurring again. ***I now use 1.5-2.0 standard deviations as my metric depending on how sad I think I'd be if I lost the shares and I haven't been assigned since.*** +2. This one should have been obvious from the start since I had traded options for years casually before ever selling one but it wasn't. Shame on me I guess. The day you open a position REALLY matters. Said more specifically, ***selling calls on big green days or selling puts on big red days really adds up in total premium collected in the long run.*** IV matters too and so do a couple other random calculations but so far for me nothing has mattered more than picking the days to sell more than picking what strikes/expirations to sell. +3. When I started I was only selling weeklies. I knew from being a former buyer of 30DTE-or-less calls that they hardly ever worked out so logically I figured selling weeklies would yield a nice little premium-receivables business. ***But I soon realized that the premium on weeklies sucks compared to 14-30DTE and even 30-45DTE*** (so long as my standard deviations were in check) so I quickly stopped selling weeklies (with only one exception covered below) and now I mostly sell 30DTE and and try to close for 30-50%+ profit, or just let them go the distance if strike is nowhere close. +4. My brokerage used to charge me $0.65/contract when I'd sell them and while that seems nominal to some I was feeling like it was WAY too high. With my background in running a small business I felt like I needed to be on top of minimizing expenses anywhere possible and this was the first place I looked (because the best part is, this business has almost no other expenses!). I love my brokerage and wasn't willing to change so around April I asked for a lower price and a week later they called me back and ***said they'd drop to $0.45/contract in commissions*** which thrilled me. Relatively speaking that's a huge reduction so I strongly suggest anybody selling hundreds of contracts a month to call and ask the same. YTD I have spent $805.61 in commissions so I knew by the end of 2021 I could be \~$2,500 which is better than \`$3,000+ if they didn't cut me the break. +5. I've probably made the least off of selling near-ITM CSP's because for the most part I feel like they've moved against me quickly before eventually moving again in my favor for me to close the position out for a small profit. ***Profit is profit so I'm not complaining***, buuuuuut, making \~10% on a position isn't worth it to me so I now avoid these completely. +6. I have never lost a penny on any of these plays (from the perspective of STO and BTC) but I have accomplished this by accepting less premium for what I'm selling in exchange for less risk. ***There is no easy way to make theta money and so if you're constantly swinging for the fences you will eventually get burned.*** I see these posts asking "hOw mUCh cAn I mAKe wITh x sIzE pOrTFolIo???" and I just chuckle to myself. This is where my strategy and the guys/gals looking to make 12-18% consistently have alike strategies... none of us are trying to get stupid rich by YOLO nonsense, we're all just trying to get a little extra juice from every squeeze. + +&#x200B; + +**My Exception to 30DTE Rule:** + +Because I mentioned it above I'll briefly touch on the one exception I make to my 30DTE rule and I'm honestly on the fence about whether I'll even keep this in my bag of tricks long term or not. As a *proof of concept* I have done a few plays this year where I'll buy shares on a dip and them immediately sell weekly CC's with the plan of making the small upside in share appreciation + the premium and maybe arbitraging and squeezing a little extra profit out of the day, so to speak. I know there's a catchy name for this, just don't remember/care what it is. I did this with $BBBY, $EXPR, and currently with $BB. Looking back, though, $BBBY I would have made more by simply holding the shares a few extra days (vs getting assigned at the lower strike price), $EXPR I probably made a little extra but I also had to sell a few rounds of weeklies before eventually getting assigned and having my buying power back, and with $BB I'm just getting sick of seeing the relatively small position in my holdings so the sooner I'm rid of those shares the better. I also own some BB LEAPs that I'm more excited about so I frankly just want the shares gone. ***In hindsight this is where the big arguments usually take place between buy-and-hold vs thetagang and these examples show why both sides of that coin have merit.*** Opportunity cost, loss of buying power, etc are all relevant here and these plays haven't been my most profitable so when I get assigned on my $BB shares I likely won't be doing these again. + +&#x200B; + +**My Portfolio Size & Tax Liabilities:** + +I'll start by saying my portfolio size has no relevance to this post because I'm not using all of my holdings or all of my buying power for these strategies. I do not measure my success against an index or some other arbitrary calculation and instead I'd simply say with the exception of getting assigned once when I didn't want to be assigned I'm merely looking at this as an extra \~$70k so far for the year as a replacement for the career that I used to spend a lot more than 5 hours a week thinkin about. + +From a tax standpoint I think about this a lot and I can't say I've come up with all the answers here, but I do have some thoughts: + +* Doing theta strategies in a tax-advantaged account (ie an IRA of some sort) has pluses and minuses. The big plus is obviously deferring short term capital gains. However, unless theta play are your sole plays then they take up buying power in a limited funds environment that might be costing you opportunities elsewhere. For example, I typically only buy options in IRA accounts because I know with certainty that my holding period will be less than 12 months. The more theta plays I do the fewer options I can buy so it's a trade off. +* Doing theta plays in a non-tax-advantaged account increases the tax liability I'll have for the year but I used to get taxes don all the net profit from my business anyway so in a way this is a wash. I've never taken assignment on my CSP's because I have usually already closed them out for 50%+ profit before expiration but also we've been in an environment the past year that creates more up than down. I suspect later this year and/or in the future my CSP's will bring in premium while I grow positions of some of my long term holding and if/when I sell in the future those gains will be mostly/all taxed at the long-term gains rate. + +&#x200B; + +**Final Thoughts:** + +I'm not really sure what more I can offer but if anybody has questions I'll do my best to answer. More so, though, I just wanted to put this out there ***in case others are wondering if a full theta portfolio is right for them or if there is a hybrid model to be had that will generate a little extra revenue*** without having to take the full dive into the world of thetagang. Any keyboard warriors that want to flex in the comments and criticize for the sake of satisfying your own insecurity are welcome to do so, I probably just won't respond. + +My only other final thought is that soon I plan to start using an actual tracking program so I can spot any major weaknesses in my plays and perhaps tidy things up a bit for the second half of 2021. I have seen a couple cool possibilities and I'm not opposed to spending money on tools to get better so long as they work. After all, this is my business and sometimes you gotta spend money to make money. + +***If you read this far I hope it has been worth it. Good luck and Godpseed!*** + +&#x200B; + +**EDIT 1: Somebody pointed out that selling consecutive weeklies makes more in premium than selling consecutive 30DTE. While I am not certain of this I do believe it is true. It obviously takes 4X more work but you probably eek out of a little more profit too so it's worth noting.** + +**EDIT 2: I forgot how salty people can be online. LOL Anywho, I think I've said all I can say so hopefully at least a few people read something of value. Good luck to all and happy trading!** + +**EDIT 3: Here is the link to the calculator I use for standard deviations on CC's:** [**https://my.aeromir.com/go/c.standard-deviation-calculator**](https://my.aeromir.com/go/c.standard-deviation-calculator) +A few weeks ago they were calling for 2000 on the S&P. They were consistently bearish, even through the end of last week. + +Hate to be that guy (and typically I’m not one for conspiracies and the like), but it seems awfully strange to me. Any thoughts? + +Bloomberg Link: [https://www.bloomberg.com/news/articles/2020-04-13/goldman-says-u-s-stocks-have-likely-bottomed-on-policy-support?srnd=premium](https://www.bloomberg.com/news/articles/2020-04-13/goldman-says-u-s-stocks-have-likely-bottomed-on-policy-support?srnd=premium) + +Yahoo Finance link: [https://finance.yahoo.com/news/goldman-says-u-stocks-likely-073609205.html](https://finance.yahoo.com/news/goldman-says-u-stocks-likely-073609205.html) +For most of my childhood I lived in an inner city neighborhood that probably had more drug dealers per capita than just about anywhere else in the state, if we're going to be pleasantly vague about how crappy it was. + +Needless to say, it gave me a very strong drive to never live like that, and to give my own kids a much better life. + +Now that my own kids have a much better life, they take it completely for granted because they've never known anything else. They just assume there's going to be someone doing the cleaning or if they want something, money isn't an object. They're far more trusting of other human beings and have never seen anything bad in their lives that would make them think otherwise. + +Personally, I'd rather them not have to witness a drive by shooting or someone getting beaten up by a gang, nor do I want to be a miser where their material needs are concerned. + +But I'm not sure how much drive they'll have to improve their own circumstances by the time they're out of the house in another decade or so, and it does worry me a bit. Some of the families I live around now have been essentially coasting on an upper middle / upper class existence for at least several generations and that bothers me for some reason. + +For those of you with kids that have grown up and are out of the house, what do you wish you would have done earlier if you'd had the chance? +The age old question of how much money is enough… Often thought of in the way of how much do I have to have to retire, or others never retire and always look to grow wealth but have a goal in mind. + +Have spoken to people who say they want to be able to retire in a comfortable house and have enough money not worry about the cost of a coffee! All the way from having to worry about price of electricity to the price of a luxury hotel or international holidays every year. + +What say you? +48M, 7.4M NW, $320k combined income, 3 kids + +Seeking advice on a land purchase. My wife and I own a 2nd home in another state, a cottage on a lake. We recently had our RE agent reach out to the owners of several lots across the road asking if they'd be interested in selling. They replied that they'd sell their 4 lots for no less than $150k, and that 2 of the lots had passed a septic survey - a perc test - meaning those lots would support a septic system, and are therefor build-able. $150k is more than twice what they paid in 2020, and far more than the lots are worth. However, they are worth more to us as they are right across the road from our place. + +The county had no records of perc tests, so we paid to have them done. One lot passed, the other did not. This is material because one idea was to scoop up the 4 lots, then sell off 3 of them, just keeping the one across the road from us. But, those 3 would not support a conventional septic system, making them harder to sell in the future. + +After the perc tests came back, we offered (on the advice of our RE agent), $100k. They declined, sticking to their $150k number. + +We can swing $150k, but I don't want to do something foolish by overpaying for the lots by double. + +**Pros to buying**: secure the lots across the road, prevent someone from building something hideous, maybe build another home or sweet lofted garage, increase the value of our existing place. + +**Cons to buying**: Feeling foolish, signaling to neighbors that we're idiots, etc. + +Any input or experience would be helpful. We have about a week to decide. + +UPDATE: Thanks everyone for the great comments and suggestions. You've convinced me to go for it. This has been really helpful! +Is it worth buying a share Every time I save up $500 or should I buy in bulk and save on fees when I have saved $5000. These are arbitrary numbers but what I've decided on. +Scottish Widows held on to matured endowment (in relation to their mortgage) for 5 years without telling my parents. + +My parents are going to complain. + +By SW not telling them their endowment had matured they have had to pay 5ish years of extra interest on the mortgage. Also that time SW had basically a free loan and I assume have collected interest on the amount in question. + +Would they be within their rights to seek compensation for the interest accrued on their money and the extra years of interest paid on their mortgage? + +My mum has contacted the Financial ombudsman, but they obviously won't do anything until SW give a final reason for their holding onto the cheque for the period they did. + +TIA. +What are the advantages of getting full MLS access if investors can already search for properties on the MLS website (no login required) and Zillow? My understanding is that Zillow pulls data from the MLS. I'm guessing there are more advanced tools and search options for finding prosperities? I'm not interested in listing any properties at this time. +&#x200B; + +# --- EDIT: DEBUNKED. Bloomberg geographic data seems to be garbage. Sorry folks. End of Edit ---- + +&#x200B; + +&#x200B; + +https://preview.redd.it/vhceawxjsf571.png?width=800&format=png&auto=webp&s=cf609e25ab084b678e7eb42b74433ec1e9b0d727 + +&#x200B; + +About a week ago, I came across a [comment](https://www.reddit.com/r/Superstonk/comments/nw9uq4/the_number_of_votes_equals_the_entire_float_on/h180tw4?utm_source=share&utm_medium=web2x&context=3) by u/evertwindelen referencing[ an official report](https://www.afm.nl/~/profmedia/files/onderwerpen/afm-market-watch/afm-market-watch-3-nl.pdf?la=nl-NL) that was published by the Netherlands Authority for the Financial Markets (AFM) discussing the GameStop phenomenon and how it impacted Dutch investors ([Link to an English version of the report](https://www.afm.nl/~/profmedia/files/onderwerpen/afm-market-watch/afm-market-watch-3-eng.pdf?la=en), but it downloads a PDF). These guys are basically the Netherlands' version of the SEC. The whole report is super interesting, but I'm only going to cover the highlights that are relevant to this particular discussion. + +&#x200B; + +* The report covers GameStop trading activity by private Dutch investors (aka retail) during the period of January 18 2021 - March 18 2021. +* During this timeframe, 29,394 investors traded GME, none of whom had invested in GME before (*though if someone wants to confirm this translation, it’s just under figure 1 -* Edit: Translation confirmed) +* The average total purchased value within this group of investors was $11,532. +* The average purchase price within this group of investors was $189 per share. + +&#x200B; + +So let's start with that. $11,532 / $189 = 61.015873 shares on average, multiplied by 29,394 investors = 1,793,501 shares purchased in the Netherlands between January 18 and March 18. A note here: this is a cumulative number, so if someone bought 10 shares, sold them all, bought 10 more, sold them all, then bought 10 more again, it would be represented here as 30 shares, not as 10 shares. + +&#x200B; + +Great, that's cool, but... so what? Well, if we know what portion of shares were held in the Netherlands at that time, then we can establish how many shares there were worldwide. Let's take a look at what the Bloomberg terminal has to say about share distribution across different geographic locations around this timeframe (huge thank you to u/ravada for providing these screenshots!) - the Bloomberg terminal doesn't allow specifically selecting a mid-week date, so we'll see what the data shows for the beginning of the week of March 18th (a Thursday) as well as after that week ended. + +&#x200B; + +[Link](https://prnt.sc/15fk0qd) for first screenshot, if you want it + +[Screenshot from a Bloomberg terminal where we can see geographic ownership on March 14 2021, the beginning of the week in question](https://preview.redd.it/o3vuufo7rf571.png?width=1374&format=png&auto=webp&s=72c544b6332ca97983bcc994f8bd511bcc4ac558) + +[Link](https://prnt.sc/15fk1l2) for second screenshot, if you want it + +[Screenshot from a Bloomberg terminal where we can see geographic ownership on March 21 2021, the end of the week in question - note that there is no difference for the Netherlands when comparing these two data points.](https://preview.redd.it/zlm28delrf571.png?width=1374&format=png&auto=webp&s=1b39bacf0ed55d943b6f50789b4873bd167ba0af) + +&#x200B; + +So we can see from the Bloomberg terminal that the shares held in the Netherlands made up only 0.19% of the worldwide GME share ownership at that time. + +But wait! Maybe some of the Dutch apes who are discussed in the report sold their shares! Yes, that's a good point. You may have seen the many posts with screenshots from Fidelity, showing that on any given day, [Fidelity](https://www.reddit.com/r/DDintoGME/comments/nx8d77/stonk_goes_down_82_27_and_fidelity_apes_like_all/) users generally have approximately a 75%-80% buy ratio, with only about 20%-25% of orders being sell orders. Similarly, there have been screenshots of [eToro](https://www.reddit.com/r/Superstonk/comments/n6y85s/100_of_etoro_traders_are_buying/) and [Webull](https://www.reddit.com/r/Superstonk/comments/nzhv7b/bullish_af/) showing 100% buy ratios on the day of those screenshots. Obviously, these are just point-in-time references and don’t necessarily reflect the average buying trends of those brokers, but it gives us an idea of where to start. Interestingly, the report also mentions that for some Dutch broker, GME was the most traded stock in February and March - this matches up with a lot of those screenshots we saw about GameStop being the most popular stock in most European countries around that time. But... wait... the aborted squeeze (when many brokers shut off the ability to buy GME) happened in January... so GME was the most traded stock AFTER the aborted squeeze had already happened, so the people buying up GME at that point were probably a whole lot of HODLer apes. + +&#x200B; + +So we'll take a look at 5 scenarios: + +* a very conservative option where only 30% of those shares were held, while the rest were sold (or possibly bought & sold repeatedly, like in my example at the beginning) +* a conservative option where 50% of shares held +* a cautious but realistic option (based on the Fidelity / Webull / eToro screenshots) where 70% of shares were held +* a cautiously optimistic option where 80% of shares were held +* a very optimistic option where 90% of shares were held + +&#x200B; + +[Even if we're being really conservative, there are way too fucking many shares](https://preview.redd.it/1o1e1fycsf571.png?width=530&format=png&auto=webp&s=bc4e6e9ee0472992b1a15e58bb8b49510ae0d1a5) + +Now, I’m sure someone with more wrinkles than me can take this info and come up with a model to show how share ownership may have increased (I assume) over time as more and more naked shorts were dumped into the market and apes gobbled them up. Remember that the estimates I laid out above were for share count up to March 18th, which was after u/deepfuckingvalue initially doubled down from 50K to 100K shares (Feb 19), but before his final call options expired and he posted that update showing us that he had doubled down again to 200K shares (Apr 16). How many other people have potentially doubled their positions in the last 3 months? Also missing from this data are the shares that Dutch retail investors may have already been holding prior to January 18th, and any shares that may have been held by Dutch financial institutions. + +&#x200B; + +**The TLDR is the infographic at the top.** + +&#x200B; + +Edit: There is some contention around the accuracy of the location data in Bloomberg, and whether or not it can be used in this context. My understanding was that the location info is based on brokers (and that the unknown segment is largely driven by brokers who service multiple countries) but there is some discussion in the comments about this breakdown possibly being specific to institutional holdings. Can't seem to find a solid source one way or the other, if you have one please add it to the comments! In the meantime, take this calculation with a grain of salt in case the geographic breakdown is not applicable to this dataset. +Hey r/financialindependence \-- I'm a long time lurker but first-time poster. After reading tons of threads about the importance of avoiding lifestyle creep, I've finally decided to make moves and cut back on the majority of my expenses. Seeing most of my friends struggle during this economic downtown has made me realize how important financial independence is to me. My goal is to boost my savings rate from \~25% of post-tax income to \~61% of post-tax income and retire... early. (Currently 21 years old) + +Here's a breakdown of my monthly budget reductions: + +\- Rent: $1,375/mo => $890/mo (My new apartment is bigger, just not in the "hip" part of town) + +\- Car Payment: $668/mo => $0/mo (Goodbye, Jaguar. Hello used Toyota.) + +\- Car Insurance: $240/mo => $120/mo (Cheaper car + moving to suburbs) + +\- Food/Alcohol: $900/mo => $400/mo (Eating at home and moving away from the "hip" part of town) + +\- Misc: $200/mo => $0/mo (Buying less stuff, finding cheaper hobbies, etc.) + +**Total Savings: $1,943/mo** + +I'm now able to save/invest a total of **$3,282 per month,** which is just over 61% of my post-tax income. Not only do I feel set for the future, but my life has become much more fulfilling. I've returned to hobbies that are cheaper yet more rewarding like running, lifting weights, and playing guitar. I no longer stress when my apartment isn't in perfect shape or worry about parking my car far away to avoid scratches. My desire to impress others via material goods has pretty much vanished. I feel like my authentic self for the first time in a while. + +Coming from an immigrant background, I always thought the "American Dream" was achieved through material success. Instead, I've realized that the true American Dream is financial stability coupled with a fulfilling career, relationships, and hobbies. I'm glad to have learned this lesson at a younger age than most. +https://www.wsj.com/articles/worried-about-your-tax-bill-hedge-fund-star-john-paulson-owes-1-billion-1523458528 + +To put it in perspective, $1 billion in income tax is about the same as the bottom 50% of US taxpayers pay collectively. +Hello friendos, and welcome back to another CoolKid PSA post. Credit score can be stressful and even confusing to some people, so I'd like to clarify a few facts about the responsible use of credit, paying interest just to bump up your score, and the concept of diminishing returns. Please note, this guide assumes you've at least *glanced through* the "credit" wiki. + +- Responsible use. Start here if you have no credit history or really bad credit. Get a secured credit card, preferably one which you would like to use as a regular credit card as well, and put all gas/groceries/misc living expenses on it. Pay off in full every month to reap the cash back/travel miles/points without paying interest. Repeat until you get upgraded to unsecured. + +Myth time!: Many people believe carrying a small balance on your credit card every month benefits credit score. Untrue! If anything, it *decreases* your score by increasing usage % + +Edit for clarity: *carrying a balance* means leaving a small balance on your credit card, past the due date, and paying the interest on it. I am *not* advocating for opening a card and then not ever using it. + +- Paying interest just to bump your score. I've seen several people, even users of this forum, advocating for taking out a small personal loan or car loan *for the sole purpose of increasing credit score*. This is entirely irresponsible. While it does work, *paying interest in order to bump your credit score doesn't pay off*. Why, you might ask? Because of the concept of... + +- Diminishing returns! If your score is anywhere within the 750s/760s range, you already qualify for the best deals, lowest interest rates, etc. Please note, *even if you are lower than this*, I still wouldn't advocate for paying interest. + +Myth time 2: The Electric Bogaloo!: Many people believe that using the above tactics to increase credit score before a big purchase, such as a car loan or mortgage, will pay off in the end due to a decreased interest rate on that bigger loan. a) Car loans are getting lower and lower, with many credit unions boasting a 1% or even 0% interest rate with a semi-decent score. b) Mortgages can be refinanced. c) using normal credit repair tactics, without paying interest, usually has the exact same effect with a *marginally* longer pay off time. + +Edit: Ok folks, yikes. I'm catching a lot of flak for my statements on housing and down payments, so I'm removing it. See my other [post](https://www.reddit.com/r/personalfinance/comments/6og0ax/countering_the_rent_is_just_throwing_away_money/) on "Rent is not throwing away money" for more on this if you're curious. + +Hope this helps some folks out there, and Merry Christmas. + +Edit: Removed myth 3, as it was partially incorrect. Check the below comment threads for more details by /u/Mildly_Uninteresting + +Hi everyone, + +**This isn't financial advice. Please do your own DD before investing.** + +&#x200B; + +Today I present to you **Peninsula Energy.** + +Peninsula Energy owns 100% of Lance ISR uranium mining in USA + +Peninsula Energy (PEN.AX on the ASX) is about to give the **final green light to start the process of restarting their Lance ISR uranium mine (stage 1: 820,000lb/y).** + +Note: 820,000lb/y production represents nothing compared to the global annual uranium supply deficit, but for Peninsula Energy earnings and margins that's a very positive development. + +The CEO said that they could reach first uranium production in 6 months time. + +A final green light in December 2022 (imo) would mean first uranium production in Q3 2023, meaning 200,000 - 400,000lb in 2023 = enough to fulfil the committed 400,000lb Sale Pounds (200,000lb from production + 200,000lb from committed Purchase Pounds) + +&#x200B; + +**Peninsula Energy completed their Definitive Feasibility Study in August 2022.** + +This means that this DFS is much more up-to-date on inflation than the DFS studies in 2018-2020 of other uranium companies + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/1fpub994341a1.png?width=953&format=png&auto=webp&s=76e95c20638dbd26c54fd7319d73b182a8e4d6b0) + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/xjjeqyl7341a1.png?width=929&format=png&auto=webp&s=456c5a476aacd7afa4d2e9eb9055ee049f52833e) + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/l8dp8ui9341a1.png?width=923&format=png&auto=webp&s=0468eb69256e29d0636edab93cd7f4c69b183f85) + +The DFS of August 2022 gives Peninsula Energy an All-in Sustaining Cash Costs (AISC) of US$39/lb and an All-in-Costs (AIC) of US$46/lb + +Peninsula Energy has: + +1) an existing contracting book of 4,000,000lb from Q4 2022 till 2030 with several western utilities. + +[Source: Peninsula Energy website, Quarterly Activities Report October 26, 2022](https://preview.redd.it/lkl7796b341a1.png?width=765&format=png&auto=webp&s=165047d55cf2d8578d03268c59ed101cbd375cbf) + +[https://wcsecure.weblink.com.au/pdf/PEN/02588292.pdf](https://wcsecure.weblink.com.au/pdf/PEN/02588292.pdf) + +I expect Peninsula Energy to sign additional uranium supply contracts with western utilities \~65 USD/lb in 2023, and at even higher uranium term prices in 2024. + +2) 310,000 pounds of uranium in converter accounts at 30 September 2022, with a spot market value of US$14.9 million (US$48.25 per pound U3O8) providing financial flexibility to continue progressing the Lance Projects + +3) Available cash of US$8.1 million at 30 September 2022 + +For the restart Stage 1 production only 8.4 million USD is needed, compared to 8.1 million USD cash balance at September 30, 2022 + an 310,000lb uranium inventory valued at 15.5 million USD (50USD/lb) + +https://preview.redd.it/7gm06v9d341a1.png?width=398&format=png&auto=webp&s=06e1679efa2cc08512a404f4fb122704a79bdead + +The 16.3 million USD needed during the stage1 production is spread over 2023-2025, while considerably increasing their revenues starting in 2nd semester 2023. + +Conclusion: + +1. For the production ramp up (coming \~9 months) Peninsula Energy doesn't need additional financing (Scenario: 110,000lb (inventory) sold at 50 USD/lb (= 5.5 million USD) + 8.1 million USD cash balance at September 30, 2022 => **13.6 million USD is enough to cover 100% of the needed 8.4 million Up-Front CAPEX** (coming 9 months)) +2. Based on the global uranium demand and supply, underfeeding not existing anymore, the restart over Converdyn convertor in USA in 2023, I expect a significant higher uranium price in 2023 compared to the uranium spotprice of \~50USD/lb today => Let's be conservative: 200,000lb (inventory) sold at 60 USD/lb (I personnaly think it will much higher than 60 USD/lb) in 2023 = **12 million USD** + +**But 16.3 million USD WF Replacement & Sustaining CAPEX are CAPEX needs spread over 2023-2025!** + +16.3 million USD/ 2.5 years = 6.52 million USD/y: + +a) 2023: \~5 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data) needed in 2023 compared to a potential 12 million USD from inventory sale in 2023. + +=> 6 million of those 12 million USD will be enough (imo) to finance those \~5 million USD WF Replacement & Sustsaining CAPEX + +b) 2024: \~8 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data) needed in 2024 financed with the remaining 6 million USD from 200,000lb inventory sale in 2023 in my scenario + additional cash balance from sales in 2023 and early 2024. + +This is enough financing, but for financial confort they could ask a bank loan of \~5 million USD or do a small capital raise of \~5 million USD (\~7 million AUD) in 2024 (imo) + +In this scenario, what is a 7 million AUD capital raise compared to a Market Cap of 1,000,000,000 shares at let's say 0.25 AUD/share emission price = 7/250 = 0.028%, that's a very small potential dillution early 2024. + +c) 2025 \~3.3 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data (ISR production in 2025 is the result of wellfield injections 6-9 months earlier)) needed in 2025 + +I think that investors today misinterpret the CAPEX needs of Peninsula Energy + +By consequence Peninsula Energy stock price today is still significantly cheaper than peers: + +&#x200B; + +https://preview.redd.it/boo03kpu341a1.png?width=985&format=png&auto=webp&s=97ebd42fa76539f05eef9018a8656324336bc146 + +[Source: John Quakes, Haywood securities on November 17, 2022 ](https://preview.redd.it/kayiql89441a1.png?width=985&format=png&auto=webp&s=a74cb11409698b4b4497fd4d453b488f85d382ac) + +A share price of: + +\- 0.165 AUD/share for Peninsula Energy represents an EV/lb value of only 1.98 USD/lb (They have signed contracts, they have revenues today and they will produce again in 2023Q4) + +\- 2.37 AUD/share for Boss Energy represents an EV/lb of 6.96 USD/lb (Have no signed contracts yet, but they will most probably sign contracts in 2023) + +\- 5.81 CAD/share for Nexgen Energy represents an EV/lb of 6.11 USD/lb (They don't have signed contracts and will produce their first uranium in 2029 at the earliest) + +Note: Energy Resources (ERA) is a depleted mine, this isn't a miner anymore, that's why the EV/lb is low for ERA + + + +95% of the future uranium restarts and new future uranium mines need up front CAPEX! That's common in ALL commodity companies when you want to (re)start a mine. + +Take **Nexgen Energy** for instance: + +Nexgen Energy needs 4 years to build Rook I, Arrow mine once they gave the green light to start building the mine and for this they need 1.3 billion USD of up-front CAPEX! + +[ Source: Nexgen Energy presentation ](https://preview.redd.it/7lqfg8il541a1.png?width=655&format=png&auto=webp&s=edbbc9c89e26abcfb3629f67fcbc8a3799fa196c) + +[ Source: Feasibility Study Rook I February 2021, Arrow, Nexgen Energy p330 ](https://preview.redd.it/ic6xlwbp541a1.png?width=925&format=png&auto=webp&s=65d9306cea7018323e745f8de081aee9ee32a79e) + +Those 1.3 billion USD estimated in February 2021 will be significantly higher by the time they actually start building Rook I, Arrow (imo) + +Those 1.3 billion USD will be raised with a new Capital raise, because Nexgen Energy doesn't have any revenue today. + +**Boss Energy** on the other hand is in a comparable situation as Peninsula Energy, namely close to all needed CAPEX can be financed without additional capital raise. I say "close to" because you can't be 100% sure how inflation will impact the costs of the restart of the Honeymoon Uranium mine + +\~60 million USD Up-Front CAPEX that could be financed with the sale of 1250,000lb uranium stockpile they have + +[ Source: Boss Energy presentation on their website ](https://preview.redd.it/461uf4hv541a1.png?width=1076&format=png&auto=webp&s=93f0442a5b18a9766bc3fc4349559d82fe03d62f) + +This favourable situation has been anticipated by Boss Energy investors, but Peninsula Energy investors didn't anticipate that comparable favourable situation yet. + +Scenario: a rerate of the EV/lb to 4.00 USD/lb of **Peninsula Energy** (still lower than the 6.96 USD/lb of Boss Energy (share price 2.37 AUD/sh) and the 6.11 USD/lb of Nexgen Energy (share price 5.81 CAD/sh)) would mean a **Peninsula Energy share price of 0.34 AUD/share**. And that happens to be the 12 month price targets of Haywood Securtties (0.36 AUD/share) and Shaw and Partners (0.34 AUD/share). + +&#x200B; + +October 27, 2022 Shaw and Partners Financial Services: + +https://preview.redd.it/tecoajn0541a1.png?width=867&format=png&auto=webp&s=6710fa908e772127ba46f7a74bd4948019fa71ef + +[Source: Peninsula Energy website, broker research](https://preview.redd.it/r3t8zh72541a1.png?width=862&format=png&auto=webp&s=27b11f3314f740f79f4e46799ae70da7347cd603) + +**Conclusion:** + +In my opinion, it's time to rerate the Peninsula Energy share price higher. + +And many other analysts and long term uranium bulls think the same. + +**This isn't financial advice. Please do your own DD before investing** + +Cheers +Initially found on the Lehman brothers Wikipedia Page: + + +https://en.m.wikipedia.org/wiki/Lehman_Brothers + +> What followed [The Lehman Brothers Collapse] was what many have called the "perfect storm" of economic distress factors and eventually a $700bn bailout package (Troubled Asset Relief Program) prepared by Henry Paulson, Secretary of the Treasury, and approved by Congress. The Dow eventually closed at a new six-year low of 7,552.29 on November 20, followed by a further drop to 6626 by March of the next year. + + +Fun Fact: Henry Paulson was the CEO of Goldman Sachs before becoming Treasury Secretary. + +**TARP Basics:** + +> The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. + +> The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1] + +> On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. + +**Source & More on TARP:** + +https://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program + +I think this needs to be something that we look into more in depth. I know I’ll be looking into it. It could be very beneficial to understand what the SHFs next moves could be. We know all about GameStop and the markets but I think we could add a little more knowledge about our enemies. + +“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” -Sun Tzu + +Edit: formatting +Sorry for such a simple question, still trying to financially educate myself. + +I have a lot of questions regarding my super and best options for me in my circumstances. Off the top of my head it seems like a financial planner would be the best option. I don’t really want to spend the money on a financial planner at this stage. + +My question is, will my super company (caresuper) have people who I can call and are qualified to give superannuation advise? Would this be a better option that a financial planner? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[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) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I'm closing on my first rental/house hack at the end of December. The town I'm in is a bit of a college town, and the area I purchased in definitely has alot of college students. + +How can I successfully find college kids that won't trash my property? +I am sitting on about 100k€ cash and am in total analysis paralysis. + +I am considering: + +\- Buying an online company +\- Putting it all into a RoboAdvisor +\- Buying a place in The Netherlands or in Sweden, leveraged. + +I have made this cash in a short amount of time and my plan was initially to buy an online company somewhere in the range of 100 - 150k. Now that I'm sitting on the money (which is a lot in my world) I have a hard time taking the step, fearing losing it. Why haven't I already put this into a RoboAdvisor or the stock market? Because of corona, quantitative easing and generally because I don't understand what's going on right now with the stock market. + +Sorry for the rant and perhaps a bit open-ended question but I am really looking for some fresh perspectives to get out of my current mindset. + +Edit: + \- Young 30s + \- No kids + \- Skills conducive to online businesses + \- Beginner level on investments and money management in general. I understand the basics and am managing my income/expenses from a pfm perspective. Have one stock position of about 5-6k which was recommended by a friend years ago. Not keen on doing a lot of research so stock-picking etc is not my thing. +The images here(https://imgur.com/a/4VKz16S) from App Store information shows the nature of data collection of the apps Groww and Kuvera. + +While Kuvera also collects some anonymous data without linking it to the users, Groww on the other hand collects a lot more personal data and identifiers directly linked to the user. Personally, I found Groww to have a better interface and usability. But I chose to use Kuvera because of Groww's data collection policies as well as their annoying policy of creating a demat account in our name right at the start, whether we want it or not. + +In a perfect world, we would be happy using MFUonline for all our mutual fund needs. It is brilliant for transactions but unfortunately, it is neither well designed and nor does it offer tracking. + +As our mobile phones have become our primary personal computers, the apps we use for important areas of our life like finance become important. It is crucial that we choose these carefully and vote with our choice for good offerings that respect user privacy and not vote for bad ones. +Some days I wonder if I would get paid more working for a different company. +I am happy at my job with the work I do, but would obviously love to be paid more. +Is it wrong/is there any reason why I shouldn’t shop myself around to see what else I could get? + +Thanks! + +Edit 1: thanks to everyone for your responses. I am now leaning towards thinking I will see what is available. +I do think it would be rude to apply for these jobs just to see what I’m worth and turn them down without considering them. So I will keep an open mind! +FOR THE AMC BAG HOLDERS🚀🚀💎💎💎💎💎. + +WE HOLD THE FUCKING LINE. Great moments are born from great opportunity. And that's what you have here tonight, boys. That's what you've earned here tonight. Stonk. If we bought 'em ten times, they might win nine. But not this stonk. Not tonight. Tonight, we hold them. Tonight, we stay with them. And we shut them down because we can! Tonight, WE are the greatest AMC BAGHOLDERS in the world. You were born to be retards. Every one of you. And you were meant to be here tonight. This is your time. Their time is done. It's over. I'm sick and tired of hearing about what great tendies the MM’s have. Screw 'em. This is your time. Now go out there and take it. +Just wanted to share this to prevent others from making the same mistake I very nearly did. + +I was hesitant to pull the RE trigger, but after I hit my third FI stretch goal, it seemed like now or never. So I sent in a resignation email and figured I was done! + +However, instead of immediately accepting it, my company asked if there was anything that would make me stay. Given that I was FI, I shot for the moon: work part-time from home, and offload the most annoying responsibilities that I wouldn't have time for anymore. They actually said yes, and now I have a relaxed and enjoyable role that allows me to feel half-retired with time for what I want to do in life, while still earning well and building up towards a comfier FIRE. + +So when you hit FI, don't forget you have a lot of leverage with no risk, and you might as well try to take advantage of it before you RE! My experiences at jobs has always been surprise at how often someone will say "yes", so consider (nicely) explaining the role/commitment isn't for you, and asking if you can carve out a special role to stay on, if this is interesting to you. If you've any similar or related experiences, please share :) +I am graduating college this year and got a job that pays way more than I ever expected to make. Growing up my dad made 150k (my mom stayed home) and I always felt like we were rich (compared to my friends families, we kind of were). I've had a job since I was sixteen and have always been super frugal and tried to save as much as possible. Now at 22 I have about 70k invested and I am super proud to have gotten to this point. + +My new job is paying me almost 180k. I had no idea people made this much out of college until I started applying to jobs. Suddenly I have no interest in living lean and I feel compelled to just start buying a bunch of expensive stuff. People always say it's easy to let your expenses balloon to match your salary, but weirdly it felt easier to save when I was making 40k a year than it is now. Any advice on how to not lose track of my financial goals and staying motivated to keep my spending to a minimum? +First a disclaimer: Yes, i'm a (small) dao token holder. + +My first reaction was to suck up the losses, let the hacker have his day and be done with it. + +But with the hacker holding 5 percent of all of the Ethers it simply isn't worth the risk. + +Why would we allow the ethereum network to be compromised by letting someone like that owning such a high percentage of ETH and giving him the power to attack the network again in the future? + +All just because of some vague ideological reason like: "The idea of a smart contract is that it can't be controlled or changed by anyone, the contract = the rules" + +Let's zoom out a second and look at what Ethereum is. Ethereum is a decentralized computer, a network, that can run financial (but also other) applications. It enables us to have programmable money, something that opens it up for a thousand different killer apps. A DAO is just one possible app. + +The system is in beta, but so is the community. The community has to go through mistakes in order to learn from them. + +Are we going to allow such a learning mistake, a bug, are we going to allow it to compromise the entire network and future of Ethereum solely for some ideological reason that actually has no effect on the system itself? + +That would be the biggest mistake for the Ethereum community to make. + +It's simple: we hard fork, effectively taking away the power of the bug abuser to cripple the network in the future with his disproportional amount of ETH tokens - which are in the first place tokens to run programs instead of a store of value -. + +Let's not forget about that: + +Ether are tokens to run programs on the network. + +We are caring too much about its value this early. **Let's forget about the money part for a second** and **let's think about whether we really want someone with negative intentions to own 5 percent of the ETHER tokens so the purists can be proud**. + + +The only reasonable thing to do for anyone who believes in Ethereum is to secure the network and protect it from people with bad intent, at this early stage. Ethereum isn't even online for a year yet. + +The ideological argument "It would kill the believability of Ethereum" is false. Ethereum doesn't need to be "believable". Ethereum simply needs to be a system that executes well-written programs and just works. **If it can run average applications day-to-day it will automatically become usable and therefore believable.** + +As long as the network isn't being compromised by bug abusers that hijacked a significant amount of ethers in the early days to weaken the network in the future, Ethereum is going to be perfectly fine. It will remain reliable, it will execute programs, so ETH tokens will increase in value and the price goes up. + + +Ethereum does not need credibility, it simply needs to execute programs. + +Let us focus on that first. + +Let's keep the ethers under our control and move on. +I recently needed to have outpatient surgery. We pay through the nose for good insurance, so it luckily didn't cost me too much out of pocket. But I paid very close attention to the paperwork and knew exactly what I should be charged. + +However, the other day in the mail I got a bill for $150 for the Covid test that the surgery center required before surgery. A charge for the test was never mentioned in my paperwork. It was not optional, and I had choice in where it was done. (I had to drive 40 minutes one way for a 15 second swab). + +Seeing that bill made me feel so angry, and sick to my stomach, and powerless, and betrayed almost. + +The thing is, if I end up having to pay that bill, it's not going to hurt me. It doesn't mean we'll go hungry, it doesn't mean another bill isn't going to be paid, it doesn't mean going into debt. And if I'd known about the charge ahead of time, it wouldn't have changed my decision to have surgery, as my condition had gotten to the point where it was severely impacting my life and ability to work. + +But I have worked SO hard for so many years to dig myself out of debt, and to try and make a better future for my family and there is always that feeling that everything you've built could be destroyed at any minute. + +Sometimes I wonder if I will ever have enough money in savings to feel safe. + +Edit: As for the bill, I was able to discover that the testing facility had never received my insurance information and they will now be billing my insurance, who hopefully will cover it all. +>President Donald Trumponce [sic] again claimed that he is responsible for the U.S. stock market's yearlong rally. + +>Onboard Air Force One, Trump told reporters that he's the reason major equity indexes are trading at record highs. + +>"The reason our stock market is so successful is because of me," the president said. "I've always been great with money, I've always been great with jobs, that's what I do. And I've done it well, I've done it really well, much better than people understand and they understand I've done well." + +>It's not the first time the president has boasted that his presidency has propelled the market higher. "Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase," Trump tweeted last month. + +>Many corporate executives agree that Trump should get some credit for the rally. + +>In September, more than three-quarters of respondents to the CNBC Global CFO Council poll said Trump deserves at least some of the credit for the stock market's record run in 2017, with 17.1 percent saying he deserves "most of the credit." + +[CNBC](https://www.cnbc.com/2017/11/06/trump-boasts-the-reason-our-stock-market-is-so-successful-is-because-of-me.html) +On top of this, we have a fuck ton of Robinhood and payment for order flow screenshots flooding the sub?? Baffled by that shit, those fuckers ROBBED us and continue to rob us and we STILL continue to use them?? WTF is good?????? + + +Buy, DRS, and hold your fucking shares. I am in way too fucking deep to sell and I will hold for the rest of my life. If you have shares on other brokerages send that shit to ComputerShare. And if you are using Robinhood, HONESTLY go fuck yourself. They will never stop fucking over the normal person. They want us to just work our jobs, pay taxes, while they move money around and get richer and richer, crash the economy and do it all over again all on your fucking dime. + + +If you are personally upset at this shit, honestly good you should be! But fucking do something about it. DRS your shares and educate the masses on the benefits. No disruption ever happens in a straight line. +I am in a great mood today and want to try to spread some confidence. I know life can be hard, and finances makes it a lot harder than it has to be. My wife, myself, and our 3 month old baby live on a single income with no assistance other than renting a house that is based on my income. I make about $33,000 a year with base salary, benefits, and commissions. Yes, we may not be in the best situation, and we don't have the most or nicest things, but even with our low income it's still possible for us to live, and even save! We pay close to $300 extra on my car every month and expect to pay it off next summer 3 years short of maturity. Most importantly though, we are happy. + +I'm no expert, and nowhere near perfect but here are some tips I have for budgeting: + +* Actually do it every month, there is no way you can just copy and paste it from month to month +* Keep it simple, we like to line item everything we have, instead of food $600 we have groceries $300, monthly restaurant $26, emergency fast food $30, farm produce $24, and so on. When you have a small line item you are more careful with what you have on paper +* Keep an overflow, but not too much. We usually keep about $50 each month for that inevitable "oh no, I forgot I need an oil change!" Once you get really good at planning you won't need it as much, but that peace of mind makes budgeting seem easy. +* Trust your budget. Once you get it down don't hold your payments until the last second, just mail that check! + +If we can do it, anyone can do it! You just have to believe in yourself and stick to your plan. Nail that budget down, eat at home as much as possible, be thrifty, and learn to say no to that new TV. You guys got this, together we can all win at this money thing! + +Edit: Thank you for all of your kind words! A few people have asked for me to lay out the budget so here it is [https://imgur.com/a/OSmDh3e](https://imgur.com/a/OSmDh3e) . This month is a pretty big month for commissions so we decided to have a bit of fun and buy a few things that we've been wanting for a few months. The non-recurring stuff is most of that, and we are going to go on our first date since the baby so we pumped the restaurant budget up a tiny bit. It's important to have a bit of fun from time to time! + +Edit 2: I use Everydollar to budget. I used Mint for a little while but I found Everydollar to be easier to use. Linking your bank account seems like a good idea, but in my experience having the delay hurt me a lot, so I ended up manually entering everything anyway. + +Edit 3: A few FAQs. + +* How do you get internet for $4.99 a month? I work for an ISP and reimbursed for the majority of it. The mobile phone is also mostly paid for by my employer which is why it's so cheap for 2 lines. Both of these were factored into my benefits. +* How is your rent and utilities so cheap? I live in Tennessee which I think is one of the cheapest places to live in America. The duplex we live in is normally $564 a month, but it is based on income so we pay $444. Electricity is the only thing we have to pay for in it because there is no gas, and each duplex shares a water meter, so they can't split it between the 2 units. The place isn't very nice I'm not going to lie, but until I can get my income up we're going to stay here and save as much as we can. +* Why DotA 2? Because it's fun, and I like the tracking that comes with DotA Plus subscription. +* How do you eat so cheap? My wife is extraordinarily good at shopping for deals, Aldi is great if you live near one! We eat different stuff every week because she only buys stuff that is on sale. We eat well and healthy too, tonight we had pork chops and Brussels sprouts. Also small stuff like buying whole chickens and cutting them yourself saves quite a bit of money. We spend about $20 for 4 chickens, which is about 6 meals worth of meat. + +Edit 4: Thank you kind stranger for the gold! In true DotA fashion [Thanks for the gold!](https://d1u5p3l4wpay3k.cloudfront.net/dota2_gamepedia/b/b9/Wind_lasthit_07.mp3) +Hi all, + +So I'm saving to buy a house in cash. My estimate is that within 5 years I'll have about 200-300k saved. I don't want a mortgage, full stop. + +My question is when I finally do save that much, and if my income continues to be about 80k per year, is there a massive risk to putting about 90% of my net worth into my house? Are there any specific risks I should be aware of? My plan is to have about 20-30k aside for maintenance etc. + +Edit: + +Thanks for the insights everyone, really interesting to get different opinions and much appreciated. For those asking there are a few reasons I don't want to get a mortgage, call me stupid if you want. But that's also why I'm asking for everyone's opinions so these aren't set in stone, just my current thoughts: + +\- I have a (some would say healthy, some would say irrational) fear of debt due to personal history + +\- The nature of my work is that I might have some big payoffs within 5 years but then uncertainty after that, so I don't want to commit to a 15 or 25 year payment that I'm unsure I'll be able to make + +\- I think it would feel really damn good to never pay rent again and not be paying interest to a bank + +\- It would make the homebuying process easier and I am very lazy when it comes to that stuff + +Edit 2: + +Okay thanks everyone, I get it, I will be looking into different mortgage options with shorter terms. I suppose I should've expected this reaction when I said I don't want a mortgage full stop, really what I meant was that it's irrelevant to the question I'm asking, but I also see now that I was wrong about that and it's all too tied together to separate that out. + +I wouldn't say I'm financially illiterate but I'm certainly learning, so for those of you who were polite and constructive in your replies I really appreciate all this info, thank you. +I'm curious for those here who were about to pull the trigger and got caught up in the bear market. Or even after the downturn you feel even more confident that you can weather the storm? + +Like many, my large long positions in my buy-and-hold portfolio are not looking too happy. The unrealized losses are crazy. Saving grace is I went more conservative back in December with getting out of margin, exiting most calls, and just have stock/index positions in quality picks (I hope) that I can ride till recover. +I'm a cynical person to begin with, but I think even the most optimistic person would have to acknowledge that the reinstatement of student loan repayments are going to have a negative impact on the economy. I happen to think it will be catastrophic. + +Think about all those people who have outstanding student loan debts with generally shitty wages. Of course they'll be able to choose an income based repayment plan by the ever so merciful loan companies. Right? + +These pariahs absolutely froth at the mouth like rabid dogs when you choose this option. It's essentially indentured servitude. The interest on those loans will ensure you'll be paying it off for the rest of your life, most likely paying off double to triple the amount you borrowed for the original loan. + +You might ask why this would impact the economy since this was always the case, at least when college costs skyrocketed past the point of when boomers would often say "i pAiD OfF CoLlEgE By wOrKiNg aT ThE LoCaL DiNeR!" anyway. The answer to that question is COVID-19. Former students got used to not paying their student loans, and worse, they now have gotten so comfortable with their new spending habits that they won't be able to meet their minimum payments. But let's give everyone the benefit of the doubt. Say they can make the payments on time, or better yet, they pay a little extra to 'stick it to the man' and decrease their principle. What happens to consumer spending. I'll give you a hint: it's going to be non-existent or at the very least greatly impacted. When Jerome Powell and his monopoly money machine comes to an end within the next month or so, shit will hit the fan real soon. +So, I come in today for a consultation about getting a tumor in my leg removed. We're talking about the risks, etc., and it gets quiet as he's tying whatever doctor stuff up. + +Naturally, I am thinking about the market. + +I say, "... you got any stocks?" + +He laughs, looks me in the eye and says, "Virgin Galactic." + +At this point I laugh out loud because **why is the guy in charge of my livelihood in $SPCE.** + +I go, "space? LOL" + +He (again, SURGEON) says **"You ever hear of Wall Street Bets?"** + +I am immediately bewildered and slightly arroused. I say of course, he asks me if I was here in MARCH, and then starts talking about the "guy who was in GME before it was cool." He then asks me if I have any money in the market. + +I tell him I have 88 grand in TSLA right now, he *bursts* out laughing and says... + +##**"Yeah, you're definitely a member"** + +TLDR; A man with a PhD called me a retard, professionally, because of WSB + +Best doctor visit ever + +EDIT: I can't believe this made front page. I'm gonna show him this before the surgery lol + +EDIT2: + +[TSLA positions](https://i.imgur.com/uAHdr9y.jpg) + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/r/Superstonk/). Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) + +on how to get it. + +[announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +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. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | | [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot) + +important links + +[SuperstonkBot ia live for anonymous posting](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review 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/). + +*Daily discussion threads are created at 9:00 a.m. EDT* +What's your story? how do you manage your portfolio? + +i am planning going 100% SPHD or something similar monthly paying dividend and go from there. I have a sample portfolio from last year where I bought 10000 shares of SPHD for 33$ and its paying 18k per year of dividends. That portfolio is now work 391k with just the gains alone. + +I hope im not going the wrong route if I plan to go this way. +I called up to DRS the remaining 30 of the 30.79 shares in Fidelity account tonight (was a 249/30.79 CS/Fidelity ratio. Now it's a 279/0.79 ratio). + +The rep was nice. He greets me after listening to my recorded request from the automated system saying I needed a DRS transfer. He asks "I'm guessing GameStop, right?" And when I say yes, he replies "Yup. Didn't even pull up your account and knew that one." + +As we go through the process, he gives me no shenanigans. What he does say that I thought was interesting was "This just takes me a minute or two to do. Usually at this point I educate customers on how to do this stuff on fidelity.com, but this is the one thing customers can't do online anymore." + +I replied with "Because Fidelity hates what is happening wants that added barrier to keep people onboard who are unwilling to call in" and the rep goes "yup, yup." *Big sigh* "yah." + +The best part is right after he bypasses the traditional "how many shares would you like to transfer" and goes "you have 30 transferrable shares here. You want to transfer them all?" We got this guy so used to 100% transfers that he assumes that's what he is doing. + +Keep on DRS'n apes! +I am planning on investing £20k into an ISA at the beginning of the finical year. My strategy for this a spread of 10 investment funds at 10% each. Anyone got any thoughts on the picks? + +MUT, SSON, THRG, PHI, MNKS, LTI, EWI +INRG, SMT, ATT + + +While I know a few of these share the same companies and similar themes I think there is enough distinction between them which means they are all worth holding while spreading the risk. Any advice on it would be great. + +To give you a bit of background I'm 28 and aim to continually invest into an Isa each year with the hopes of becoming an Isa millionaire by the time I'm in my 50s. I have set money aside for emergency funds and a deposit for a house so happy and aware of the consequence of my investments. +Biden is putting gas prices front and center as midterms loom which would help boost the Market (& Democratic votes) for the Midterm. + +The U.S. markets have delivered a positive return over the October to June midterm period nine out of ten times between 1954 and 2017 with compounded returns of around 25% over those three quarters. + +The Market overall is much more likely to benefit from the Midterm election with the Financial sector leading the benefits from high federal interest rates with increased profit margins. Four of the top gainers in the S&P 500's 4% rally since October 12th are Banks which include Bank of America, JPMorgan Chase, Regions Financial, and Wells Fargo. +Hoping to tap some of the extra-fat fire members and discuss family office services. + +&nbsp; + +For reference, My net worth suddenly became mid 9 figures this year, from much much less. It's all crypto (I know. I'm a stupid lucky shit). Before crypto i worked at blockbuster and had just graduated Uni with degrees in Philosophy and Literature. I grew up lower middle class. All this to say I don't really know anything about anything except what i read on the internet. + +&nbsp; + + I feel like I'm in way over my head and I'm just here trying to learn from anyone whos got the experience and is willing to share. + +&nbsp; + +I am hoping that having family office services will remove a lot of the pain points of managing my life, as well as provide opportunities for quality of life enhancements. I'm thinking concierge services, lifestyle management, business and domestic staffing etc.. + +&nbsp; + +Honestly I'm not really sure exactly what these services entail, especially concierge, but I'm envisioning someone who knows what they are doing handling all my bills and finances and taxes and investments, and organizing it all so i have a sense of what it looks like, making sure I'm not getting ripped off or cheated, helping me find great assistants and house cleaners and nannies and event planners and project managers and architects and lawyers etc.. getting me access to, i don't even know, whatever silly opportunities rich people have access to. A life manager and wealth guide/assistant. + +&nbsp; + +I want peace of mind. I also want to join the club and get a taste of whatever I've been missing. + +&nbsp; + +From my research the last couple weeks, I'm learning that most of the firms offering family office services are Wealth management firms charging AUM fees that offer family office services to entice clients to give them money to manage. These make me uncomfortable because I'm weary of the quality of the services I'll receive if they are ancillaries. Also i really like crypto (please just forgive me, really not looking to get into a crypto debate in this thread) and while i am wanting to diversify my portfolio a bit, i probably don't want to divest as much as they would advise and so I feel like the incentives aren't well aligned. On the other hand I do feel like they have probably a lot of resources at their disposal and if I'm a big enough client they would have the incentive to employ those resources to keep me happy. + +&nbsp; + + I have found a couple firms offering strictly fee-based services. They are all stupid expensive of course, but I'm learning to accept that. My primary concern is how do I evaluate their services? What questions do i ask? I'm completely new to this world and I don't even know what's possible, let alone what i should expect. + +&nbsp; + +A big concern for me is that i have a fairly niche tax situation. Within crypto there are a lot of ambiguous tax strategies and a wide spectrum of opinions, on top of that I'm a Puerto Rico resident with a Puerto Rican LLC which offers a lot of very unique tax advantages if you have the knowledge and expertise to apply them. Finding someone with that expertise has been a massive challenge. So a firm with a strong legal network regarding estate/tax planning would be ideal. + +&nbsp; + +How does one make a decision like this? Has anybody here made this decision and care to share? Also would be super grateful for referrals as I'm finding it strangely difficult to find firms via Google +My father surprised the hell out of everyone a couple weeks ago and passed away suddenly. In dealing with the aftermath, here's some things I recommend: + +1. Take care of your health now. No, really. You've got one body. Damage can be cumulative, invisible, and irreversible. + +2. Document your life. Accounts, vendors, contact numbers. Bank accounts, retirement accounts, investment accounts. Power, water, utilities. The Netflix password. Monthly services. Insurance policies. Most companies have a process to handle these transitions, but you need to know whom to call. Having a single reference document that has a list of "this is the stuff in our lives" is just useful to have. Keep it secure, but have something put together. + +3. If you have dependents, have a term life insurance policy. Get a 30 year term policy in your 30s or 40s. My $1M policy is less than $50/month. My wife's is even cheaper at $35. We've had our policies for 5+ years; that same policy now we're in our mid-40s is almost 3x as expensive. + +4. Have a will. Have advanced health directives. Let people know how you want your remains handled -- cremation, burial, fed to the birds, whatever. Having as much as possible decided beforehand takes the burden away from people having to make hard decisions at a time when their personal bandwidth may be otherwise occupied. Let people know. *Write things down.* + +5. If you're going to register as an organ donor, someone who works with the Coroner's Office is going to call with a 30 minute questionnaire they need to go through. This call may come in the same day or the next day (as time is of the essence); anyone can answer these questions *to the best of their knowledge*, but be aware it's a Thing. The call can be handed off to someone else -- my mother was not prepared to talk to the nice lady about cutting out my father's eyeballs, but I took the call and got to answer questions about my father's sexual history *to the best of my knowledge*. + +6. It is bad security practice, but write down significant passwords (computer, email, phone PIN) and keep them in a safe place. Unless you'd rather keep all that locked down forever, which is also fine as long as you've got Step 2 in place. If you use a password manager, keep the master password somewhere they'll find when you're gone. Or most modern password managers have a dead man's switch. + +Programmers joke about documentation all the time. But at the end of the day, the documentation is there to help the *next* person. If one member handles all the finances and taxes and such, leave enough information so it's easier for those left behind to figure out what the hell is going on -- they're going to be having a hard enough time as is. + +If you're all alone, on the plus side you don't have to worry about any of this shit. So you've got that going for you. Which is nice. + +Edit: once you've got your basic accounts documented, go to the next level and look into setting up trusts and power of attorney. Add beneficiaries to your accounts. You can do this through the ui really easily at Ally or Vanguard; other vendors should have similar. Look into "transfer upon death" stuff for accounts *and properties*. + +Edit: the point of the documentation is so someone knows what you have and whom to call. The passwords are a separate issue: do not go and drain all the accounts post-mortem just because you can log in. Make sure you have someone else's name on a bank account so they can use it to pay bills while everything gets settled and transferred, if it came to it. This can take weeks or months. + +Edit: a really simple cremation and nice metal urn cost us a little under $4k (including 15 Death Certificates). If you ask for a senior discount as a joke they might knock a couple hundred bucks off. + +Edit: it might be helpful to pull a free credit report before reporting the death to the SSA (I didn't think to do this until a couple days later, at which point all attempts to pull the CR failed). A detailed report will show lists of accounts, which can be helpful. You might still be able to get a report with a Death Certificate; I'm still figuring this part out. + +Edit: removed advice about generating unique passwords because people can't stop letting the perfect be the enemy of better. Yes, it's not the best thing to do. Yes, it's still miles better than a single reused password. +Looks like we have collectively saved over $200 billion this year while staying in lockdown, $167 billion over pre-pandemic levels. The govt feels there will be a spending spree once lockdowns are lifted, boosting your GDP and firing that economic rocket. + +Surely this will kick the ASX even higher. Are there any specific stocks that y’all think will go up faster due to this, I am thinking JB, Wesfarmers etc. + + https://www.afr.com/policy/economy/post-pandemic-war-chest-to-top-200b-20210903-p58oi +I recently learned FA from zerodha and applied my limited knowledge to decide between dabur and hul to invest for 4-5 years. But it is really difficult to compare someone soo big like hul to dabur. + +What would you choose ? Since my budget is too low I am more inclined to dabur. + +Also AWL is good but they are majorly dealing in oil while dabur and hul are more diversified. + +So help me what should I do ? +I'm just reading that Warren Buffet dumped his entire stake of airlines in April, saying that "I was wrong about that business". What do you think of this news, and might it cause airline stocks like AC to drop on Monday? + +[https://www.marketwatch.com/story/buffett-dumps-entire-airline-stake-saying-the-world-changed-for-airlines-2020-05-02?mod=mw\_latestnews](https://www.marketwatch.com/story/buffett-dumps-entire-airline-stake-saying-the-world-changed-for-airlines-2020-05-02?mod=mw_latestnews) +[This post](https://np.reddit.com/r/CryptoCurrency/comments/u5je3f/how_i_accumulated_my_wealth_by_looking_at_pages/) is at the top of the sub right now. In it, OP claims that he "accumulated his wealth" by combing through the vast sea of microcap shitcoins on CoinGecko and picking winners. + +Don't listen to him. + +First, even if a project meets all 7 of his criteria, there's still not a "good chance" that it will become valuable. There are tons of well-intentioned projects that go absolutely nowhere. And if we have anything like the bear market of 2018, then it's probably going to zero. + +Second, OP is lying about his success. Just 16 days ago, he made [this post](https://www.unddit.com/r/CryptoCurrency/comments/ttnetb/whats_going_on_with_move2earn_coins_how_do_you/) asking how to find tokens before they pump: + +> I try to get in early, but it's so hard to find these gems. Anyone have a technique? I'm baffled that people are making 100x on a regular basis. Here I'm crying in my 5% gain per year coins :( + +> Maybe one day I'll get lucky too, but so far I've been hitting flat liners. One thing I heard is that people look into rank 1000-5000 market cap coins. But those seem so risky. What red flags are people looking at, and what are signs of healthy projects? I think doxxed teams are probably a good sign these days after all the scams. Anything else? + +[Screenshot from Google cache](https://i.imgur.com/YQtVQoI.jpg) + +So we're to believe that by some magic, he went from having zero success to amassing wealth through shitcoins, all over the course of 16 days. Incredible. + +Stop upvoting this hopium, guys. Don't invest into microcaps expecting to make any serious returns, especially with the market the way it is right now. + +(Props to /u/Moronicon for finding the old post!) +So I am 27 years old and a perpetual student (I'm currently a PhD student but leaving to start a full-time job), so I've basically always been "broke". And by broke I mean that my money essentially goes towards tuition, rent, food, and necessities. I have money in the bank that I suppose is "savings" but I have student loans so if you add everything together I am still in the red. + +I'm about to start my first long-term full-time job and I'm a bit lost on how I should be budgeting/saving since I am so used to just having to spend as little as possible and not save. I'm wondering what a good amount would be to save? I want to save for a house and then I suppose I should start saving for retirement. Is there a certain percentage that is advisable to put towards these? And a certain percentage/amount to put towards my student loans (they are about $12,000)? + +I'm also wondering what a reasonable percentage of my income would be to allocate to rent. I would really love to live somewhere a bit nicer since I've been living in old "student" apartments for the past 9 years (rats, bed bugs, I've seen it all haha). However, I don't want to go overboard with my budget. The income from this job would be about 2.5 times what I get as my graduate student stipend so it seems like a lot but I don't want to get overexcited and go overboard. + +Any help is appreciated :) +The recent dip in Intel (INTC) is an overreaction and provides an excellent price for a tech beast that boasts strong growth and good dividend. + +While Intel did announce the 7nm delay of 6-12 months, a hiccup, it also announced it is willing to go to TSMC if TSMC has the better technology at the time; Intel will use the best process technology available. So if taking these words on face value, then AMD at no point going forward will have an advantage (in manufacturing technology): they both have access to TSMC, and Intel also has access to its own process and packaging technology. + +There is more to semiconductor products than the manufacturing technology. The IP still has to be developed. For example, while AMD has moved to N7 for some time for its GPUs, it still does not have something like Nvidia’s Tensor (or Ray Tracing) Cores that would make it competitive for AI workloads, which is fueling Nvidia’s growth in the data center. So while process technology can be a differentiator, so can a product’s architecture be. + +Concerning manufacturing technology, there is much more to it than just transistor density. For example, Intel said it intends to improve 10nm by one Moore's Law by improving it through 10nm+(+)(+) introductions. So Intel might have lower density, but power and performance of the transistors could be similar to AMD's (or its 7nm). Intel could very realistically launch/manufacture 7nm products or IP on 10nm++(+) instead. + +For investors, keeping track of all of this technology might be unrealistic. To that end, I would propose the following view: I see nothing fundamentally changing as to Intel remaining the leading CPU company (by size - financials - market share), while AMD will remain relatively tiny. + +**TLDR**: AMD is on a hot streak but stepping back and looking big picture as an investor and not a tech geek will help you made the right choice and see the opportunity we have with INTC current price. INTC is more than a product launch. +Nayib Bukeke has been catching flak from all sides as many have questioned his decisions to buy Bitcoin. He recently bought the dip. + +[However as the dip dipped, he has changed his profile picture. ](https://preview.redd.it/goninpvicdd81.jpg?width=1400&format=pjpg&auto=webp&s=5dac20d1b67f6706d4bc173e3858a6e6e7c043c8) + +Atleast he is owning it. Though some will say its not his money, its his country's money, but a lot of El Salvador's economy now depends on Bitcoin - from volcano mining, and now their bitcoin bonds that are going to be issued for raising funds after El Salvador showed the finger to IMF. + +Some people take hard and painful decisions in these times, that can cause pain to family and friends. Its worth remembering that money is not everything. + +If you have lost an obscene amount of unrealised gains, its best to make peace with it than to keep beating yourself up over it. + +Edit: LOL so many people embarrassing themselves and crying in comments. Looks like after this crash, a sense of humor is out of their budget + +Edit 2: The hot takes here from a lot of trolls coming in from other subs like r/technology are ridiculous. Let El Salvador/Bukele do what he wants to do, give him the time to decide if the experiment has failed or not. If it fails, so be it. I mean thousands of government policies have failed. + +He isnt buying BTC to get rich over night. Its a long term policy decision for him. While you claim he is wasting tax payer money, he is actually putting his reputation on the chopping block here, which is more than anything you can claim. If his economy collapses, its gonna be him on the opposite end of a coup or worse. That country is no stranger to presidents being overthrown in violence. + +All the big brains here concerned about El Salvador's economy imploding all of a sudden, where were all of you 3 years ago when the nation was just the same, warn torn and filled with cartels? You didnt care then when the past presidents over ran the country with gang violence? Oh yeah, you didnt even know the country existed. Now that they are trying something new with BTC, it suddenly hurts your feelings so much. + +El Salvador have already started mining BTC from volcano energy that was being wasted, it represents a completely new income stream in a country that mainly depends only on tourism and remittances. Many reports already suggest the locals are able to save middle men fees by using BTC, while kicking out predators like Western Union. +He has kicked IMF out, American media will do everything to portray him in a bad light and all you will parrot what you read in the media. +Where were you guys when US Fed doubled the supply of USD in 1 year, printing relentlessly while other countries that depended on USD had no way to print any USD and had to bear the brunt of rampant inflation as they were hopelessly tied to USD? Of course, you never bothered to find out the reality of whats going on in other countries that used USD, while the Fed inflated it away. +Now that he is trying something new to pivot away from BTC, and its not even been a year into a long term project, but you are ready to pass your judgements. + +Just a standard bunch of hypocrites. Nothing to see +While the whole world was having a big old COVID reopening party, a few autistics and apes saw the giant lie at the heart of the stonk markets, and they saw it by doing something the rest of the suckers never thought to do - They looked. Insert obligatory shoutout to u/atobitt u/criand u/homedepothank69 u/broccaaa and the many other DD authors in this sub that have and continue to 👀. + +&#x200B; + +TA:DR - Volume CAN be kept off the data feed, and certain trades are not published by the FINRA Trade Reporting Facility, aka the tape. This can suppress volume and hinder the natural price discovery in the market. More data is needed to verify if this has occurred with GME. + +&#x200B; + +[Remember that moment in \\"The Big Short\\"?](https://preview.redd.it/5jsomx48kta71.png?width=888&format=png&auto=webp&s=098a8b7ad80c66876cbe4b3cc33e62c4d213f8bc) + +Ever heard of the term "Painting the Tape"? It's one of the many well known market manipulation tactics *"whereby market players attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity. The goal of painting the tape is to create the illusion of an increased interest in a stock to trick investors into buying shares, which would drive the price higher"* [\- From Investopedia](https://www.investopedia.com/terms/p/paintingthetape.asp). Painting the tape is so 2019 though, and in 2021 the market fuckery has reached new heights, and since the "Reverse Uno" has been played, to fully understand GME, your mind needs to travel through the "Tenet Turnstile" and begin thinking about everything in reverse, like it's opposite day, or a reciprocal. What's the opposite of "painting the tape"? I would like to present the lesser known tactic of "Erasing the tape", which has not even gotten it's own Investopedia page yet. + +&#x200B; + +[DFV 4\/9\/21 \\"Reverse Uno\\" Tweet - https:\/\/twitter.com\/TheRoaringKitty\/status\/1380611475757236226\/photo\/1](https://preview.redd.it/d2i3ev79nta71.png?width=1500&format=png&auto=webp&s=e6bd7e1f27ea60d545f719e92416b97a4f38c5dd) + +Before getting into the "HOW", first let's apply some critical thinking and try and answer "Why would someone want to suppress the volume of a stonk?" The first clue comes from "Painting the Tape" - 2 or more parties can trade a stonk between themselves to begin pumping the stonk higher, increasing reported trade volume on the tape, and "outside interest" in the stonk begins to rise the higher the volume and price goes, eventually making a headline on CNBC or other MSM, further increasing interests and volume, whereby the original parties that "painted the tape" hope to be able to exit the position at a higher price. The second clue comes from the nature of short squeezes and how both volume and price explode higher as the squeeze is being squoze. In regards to GME, every spike higher in price since Jan has had a surge in volume, followed by a slow churn lower in price and volume until the cycle repeats. i.e. Today (7/12/21) was the lowest volume (1,572,297 shares) since last July. Volume is the enemy of the shorts, and keeping volume down helps keep the price down, and gives the SHF's and Kenny G "one more day' of solvency. After volume spiked above 100 million shares in Jan and Feb, GME volume has fallen substantially, only passing 20 mil shares twice since May! + + + +[GME Chart since 1\/4\/21 - OBV flatlined higher, while volume remains at levels for ants](https://preview.redd.it/4i69cz7dvta71.png?width=1245&format=png&auto=webp&s=8d106d97f7a88f4422a539c53743337faadf6686) + +Now, this fall off in volume since the Jan "sneeze" higher could be completely natural and explained by theories such as "everyone that wants to buy GME has, they are all in, and the 💎🖐 are being shown by low volume that 🦍 aren't selling." For me personally, I don't fit into this narrative as I've quadrupled my holdings and recently added a comma to my X's, but I'm a small fish in a vast ocean. I do not think I'm alone, and I think the statement above is not accurate. My 🧠 is pretty smooth though, and I have been struggling to wrap my head around where the volume has gone, especially after the wrinkles of u/dlauer have cleared up many things regarding dark pools through posts like [THIS](https://www.reddit.com/r/Superstonk/comments/o70lid/dark_pools_price_discovery_and_short/) \- so I started digging, found a rabbit hole, and still in the process of finding out how deep it goes. + +&#x200B; + +**THE HOW -** + +Dark Pools and FINRA rules relating to "Transaction Reporting" for "Trading Otherwise than on an Exchange", aka OTC (over the counter) transactions, either through "Alternative Trading Systems" (ATS) or non-ATS systems, aka dark pools. Need a night time read to help you sleep, knock yourself out - [LINK](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6110). + +Quick note, FINRA has addressed dark pool trading mainly by making registration requirements and rules for ATS, and these rules have led to fines such as the $3.5 million Citadel paid in 2018 for "failure to submit complete and accurate trade data for approximately 80 million trades between 2012-2016" - [See Disclosure 11 of 59 starting on p.60](https://files.brokercheck.finra.org/firm/firm_116797.pdf). While that fine could be considered part of the cost of doing ~~business~~ *crime*, Kenny G and Shitadel (aka 💩a🔔) are relentless optimizers and always looking to cut down on costs, so I wonder if that led them to shut down their registered ATS "Apogee" in 2015 and move their dark pool to a non-ATS entity know as a "Single Dealer Platform" (SDP) that Kenny cleverly named "Citadel Connect" - [Reuters Article](https://www.reuters.com/article/us-citadel-darkpool/citadel-securities-to-close-apogee-dark-pool-sources-idUSKBN0MN22Q20150327). u/swede_child_of_mine has some great DD with more details [HERE](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/), but essentially SDP's have significantly less regulations and reporting requirements than "ATS" dark pools, making them the **DARKEST** of the dark pools. Using the SDP, 💩a🔔 effectively side steps the rules that cost them $3.5mil a few years ago - great win for their bottom line I'm sure - through use of "Immediate or Cancel" Transactions. + +Now, to fully understand **HOW** trades can be kept off the tape, look no further than [FINRA rule 6380](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380a) under subsection (e) stating "**The following shall NOT be reported to the FINRA/Nasdaq Trade Reporting Facility"**, and specifically the following - + +* (1)(D) the acquisition of securities by a member as principal in anticipation of making an immediate exchange distribution or exchange offering on an exchange; +* (1)(G) the transfer of equity securities for the sole purpose of creating or redeeming an instrument that evidences ownership of or otherwise tracks the underlying securities transferred (e.g., an American Depositary Receipt or exchange-traded fund). +* (2) (A) transactions where the buyer and seller have agreed to trade at a price substantially unrelated to the current market for the security, e.g., to enable the seller to make a gift; +* (2) (B) purchases or sales of securities effected upon the exercise of an option pursuant to the terms thereof or the exercise of any other right to acquire securities at a pre-established consideration unrelated to the current market; + +Additionally, subsection (d)(3) describes "**Reporting Principal an Riskless Principal Transactions" -** essentially highlighting how market makers and broker-dealers need to submit "Non-Tape, Non-Clearing Reports or Clearing-Only Reports" for certain legs of transactions where *"a member after having received an order to buy a security, purchases the security as principal at the same price to satisfy the order to buy or, after having received an order to sell, sells the security as principal at the same price to satisfy the order to sell, shall be reported to the FINRA/Nasdaq Trade Reporting Facility as one transaction in the same manner as an agency transactio*n." + +\-------------------------------------------------------------------------------------------------------------------------- + +Up to this point, everything I've shared is a verifiable fact with a source, but from here I'm going to include my opinions and speculation. I am not a financial advisor and this is not financial advice, but here's my take - + +* (e)(1)(D) - An IoC (Immediate or Cancel) transaction *"is an order to buy or sell a security that attempts to* [*execute*](https://www.investopedia.com/terms/e/execution.asp) *all or part immediately and then cancels any unfilled portion of the order"* as defined by [Investopedia](https://www.investopedia.com/terms/i/immediateorcancel.asp). The wording of this rule, in conjunction with the "riskless principal" rules in (d)(3), seems ripe for a Single Dealer Platform (SDP) dark pool like 💩a🔔 Connect to exploit for fuckery when they want to keep volume suppressed. I'm sure I may be over simplifying things right now, but since market makers can legally create phantom shares are they see fit, and 💩a🔔 has their own HF and ties to criminals like known insider trader Steve Cohen, it seems like volume can be taken to the darkest pool and never reported to the tape as the MM can claim "buying GME was in anticipation of immediate offering" or the buying was part of a riskless principal transaction with 💩a🔔 the hedge fund, Point72, or countless others within Kenny G's criminal enterprise. +* **(e)(1)(G) - Creating or Redeeming ETFs - This is BIG imho -** Plenty of DD's on how the bulk of FTD's have shifted from GME to ETFs containing GME. Imagine 💩a🔔 had FTD's on the IWM, they need to "create" an IWM share to redeem and satisfy the FTD. They funnel shares from the dark pool into a basket of the 2000 other stocks in the IWM, that volume is never reported to the tape since it was part of a IWM share creation, new IWM shares are created and the FTD is satisfied. +* (e)(2)(A) - While I'm not really sure how applicable the "e.g. gift" is here, the phrase *"trade at a price substantially unrelated to current market"* brings back memories of all the fuckery we saw with 🦍 transferring shares out of Robinhood and the cost basis being way different than what people actually paid, and usually split out to several trades at prices way different than where GME was trading. +* **(e)(2)(B) - Exercising options - THIS IS THE BIGGEST - someone with more wrinkles than me help out here, but exercised option trades ARE NOT REPORTED TO THE TAPE!!!** I think a lot of the missing puzzle pieces to things are hidden in the option data, and I personally am looking deeper into this data to try and make sense of things, but my intuition is options are not only being used to hide short interest, reset FTDs, and create "synthetic" shares, but also are being used to keep volume suppressed - instead of "painting the tape" to increase interest, "ERASE the TAPE" to try and KILL INTEREST! + +\--------------------------------------------------------------------------------------------------------------- + +**HELP NEEDED!!!** + +Now, I've laid out this theory, but I have not been able to substantiate anything with data...YET. I need help, and hope some of the wrinkly 🦍 out there may have access to the data I'm looking for, specifically - + +* Historical data on the shares outstanding for all the ETF's containing GME. i.e. IWM currently has \~300 million shares. How does this compare to the shares outstanding in Jan, Feb, and especially Apr/May/Jun when FTD's started pilling up. +* How did the Russel 2000 rebalance affect ETF holdings of GME. Were ETF's like the IWM intentionally failed on delivery after GME was announced for Russel 1000 inclusion since MM had 35 days after the fail to create IWM shares without needing to buy GME. +* Historical option data specifically showing ITM options being exercised early. This can be tricky, especially on strikes with higher volumes, as it will be difficult to determine if day over day changes in OI was the result of options being exercised or simply closed out by MM's. +* Data on "Non-Tape, Non-Clearing Reports or Clearing-Only Reports". I've searched for days on FINRA trying to find this data, but I don't think it's publicly available. This may be a stretch, but could a FOIA (Freedom of Information Act) potentially be used to get access to this? It doesn't even need to be market wide, maybe just a few of the SUS entities like Citadel and Susquehanna. +* More granular OTC (Non-ATS) Data. For GME, dark pool data can be found on the FINRA site - [https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData) \- and Non-ATS data showing Citadel volume was released each month under the "NMS Tier 2". GME moved to "NMS Tier 1" after Russel 1000 inclusion and will be released every 2 weeks now. The data shows shares traded and the number of trades, but I'm wondering if there is anyway to breakdown that data further to show buys, sells, and short sales on a daily basis, instead of the consolidated data for the entire reporting period. The May data looks like this - + +[Non-ATS Dark Pool Data for GME for May 2021](https://preview.redd.it/o5vrqz60tua71.png?width=1150&format=png&auto=webp&s=6a580452dee12f0456b0416d6ebf95240b46f4a0) + +I've said this before in prior posts, but after spending the last several weeks looking in this and still having many unanswered questions, if it looks like 💩, acts like 💩, and trades like 💩, then it's probably the fine work of Kenny G and 💩a🔔. I have struggled to wrap my head around what seems like "missing volume" for months now, and just like "radio waves", just because I can't see it, doesn't mean it's not there. I hope some of 🦍s out there can help uncover some of the data I listed above, or help me and others form some new wrinkles if I've missed anything or have any counter DD. If I'm able to get the data, I'll get a follow up DD written as soon as I can. Again, this is not financial advice. + +BUY. HODL. 💎🖐. + +💎🖐🦍 --> 💩a🔔🎆 --> 🔥🚀🚀🚀🌙-->🍗🍗🍗 + +I‘m glad to see many young men now into looking after their skin, too. Good for you guys! My generation not so much. + + I’m over 63 but most of the time mistaken for 48-50. As I age, looking after my skin is increasingly becoming more of a necessity rather than a luxury. On a tight budget, I do my skin routine inexpensively. + +1. To moisturize my face, neck and body, I exfoliate with olive oil and fine salt. They are other things you can use. Others I’ve known use sugar instead of salt. This simple, natural exfoliation cleanses the skin and tightens it, too. + +I massage them into my skin gently while I watch my favourite show on tele. I do this once a month. I should probably do it more often, but I can’t be bothered - yet. + +2. I don’t use anything on my skin in the shower except goat milks soap. Goat milk is effective in dealing with any skin problems and irritations. + +3. I have very dry skin, especially in the arms and legs. What works for me is Dermal Hand Balm. Not as expensive than those “infused with coconut butter.” Those, I find, are too greasy yet don’t keep my skin hydrated. + +4. The cheapest skin care I use everyday is a hat. Please have a hat for every occasion and every season. Don’t underestimate cloudy days. + +5. I don’t use cosmetics or make-up so this is a massive saving. Some women I know have a budget of between $300-$500 a month on lotions and potions. I do believe in sunscreens. I buy Oil of Olay with sunscreen protection when it’s on sale. + +6. I would love to have regular spa days, but theyre unaffordable for me, so I do them twice a year. January and June. But it’s more for relaxation and mental health rather than skin care. Let’s be realistic, such infrequent LED therapy will not lead to much. + +What are your pro tips on saving on skin care? +I am following up on those high growth stocks that went crazy during COVID years (2020, 2021). + +DocuSign quarterly revenue pre-covid, Q4 2019, was 275Mn$, with a share price of 75$ + +DocuSign quarterly revenue posted last week, Q2 2022, was 622Mn$, with a share price at 60$ + +It went up +10% after earning release. + +[https://snipboard.io/2D6vyc.jpg](https://snipboard.io/2D6vyc.jpg) + +&#x200B; + +I think it is time to start accumulating the high-growth tech/software stocks with a really strong market fit product. I don't think this company is going to stand alone at this valuation, it will be acquired by a big tech (SalesForce, Microsoft, Google... who knows) It is too cheap. +The more research I do the more I am falling in love with the idea of renting for the rest of my life and only having investment properties. How does the community feel about this strategy? + +I'm feeling like the rent we pay would be equivalent to interest payments that we cannot claim on tax, whereas investment property interest is all deductible. +A company that just reported over 400 million in sales for the first quarter is about to be Canada's largest Market Cap on the TSX. Let that sink in. This market is beyond ridiculous. Everyday the same tech companies go up while the rest of the market lags. +According to [our world in data](https://ourworldindata.org/extreme-poverty#the-evolution-of-extreme-poverty-country-by-country) 1.2% of the United States is in extreme poverty (less than 1.9$ 2011 dollars a day). + +My basic question is how? Doesn't basic welfare add up to more than that? The statistic says 'per capita household consumption'. Does food from a soup kitchen count in this consumption? Don't food stamps alone put you over this number? How do the medical/housing benefits that most states/localities offer not put these 3 million people over 1.9$ a day? How is Sweden at 0.5%? Don't they have a very generous welfare program? Does this maybe include illegal immigrants or people who have fallen through the cracks of the welfare system? + +&#x200B; + +I also noticed that China is at a 0.7% (lower than America!). Does this mean that rural poverty in China has been basically completely eradicated? Does China really do better than the United States on this particular metric? + +&#x200B; + +Edit: It appears as though /u/Libertine-Queen has got to the heart of the issue. The data for the United States does not include many forms of welfare and non-traditional incomes. Therefore, unfortunately, Our World in Data is highly misleading using these numbers for the developed countries on this list (especially ones like Sweden with robust safety nets). 'Consumption' is definitely not the appropriate word to use (which is unfortunate because Out World in Data is normally very good). + +&#x200B; + +Edit 2: /u/raptorman556 has found a paper that convincingly calls into question this number: [https://www.nber.org/papers/w25907](https://www.nber.org/papers/w25907) + +&#x200B; + +Edit 3: After some digging I see that Our World in Data gets into this problem here: [https://ourworldindata.org/extreme-poverty-in-rich-countries-what-we-know-and-what-we-dont-know](https://ourworldindata.org/extreme-poverty-in-rich-countries-what-we-know-and-what-we-dont-know) +One of the reasons why public companies aim for high share prices is to prevent being taken over by someone else. Let's imagine finding ourselves in the middle of a stock market boom with more people investing than ever, pushing market caps to new extremes. Now that fewer companies even have the financial ability to acquire other (public) companies, what does this mean for the economy as a whole? Does this situation lead to a "good" outcome due to more money being spent on innovative efforts to strengthen individual positions in the competitive market, or is the result "bad" due to companies not being able to execute their preferred investments? Or something entirely different? +Looking at the actual physical gold reserves of the United States, it is mathmatically impossible gold can backup the currency. + +The volume of existing USD, even narrowing down to paper notes was not redeemable in gold, not even close. + +i guess there is not enough gold on the entire globe to back up every USD in circulation now and back in 1973. +One of the reasons why public companies aim for high share prices is to prevent being taken over by someone else. Let's imagine finding ourselves in the middle of a stock market boom with more people investing than ever, pushing market caps to new extremes. Now that fewer companies even have the financial ability to acquire other (public) companies, what does this mean for the economy as a whole? Does this situation lead to a "good" outcome due to more money being spent on innovative efforts to strengthen individual positions in the competitive market, or is the result "bad" due to companies not being able to execute their preferred investments? Or something entirely different? +This is probably the single most important piece of advice to avoid losing it all in a couple of years like many lottery winners do. Don't blow your principle on stupid shit. Lets say you want a Lambo, a yacht, whatever. Do not go buy something like that using your principle. + +Step one when purchasing a depreciable asset is to first buy an appreciable asset, which generates cashflow, which will then pay for your stupid shit. + +So, that yacht you want to buy for $10million? Nope. Back the fuck up. Figure out the cost to lease the yacht. Let's say it will cost $250k per month to lease, maintain, and crew your yacht. Go buy a 100 unit apartment building that will generate that cash flow. Boom, you have your toy, and your wealth will continue to increase rather than decrease because your asset will continue to appreciate as long as you maintain it. + +Buckle up. +* Since March, the Federal Reserve has purchased $1 trillion in mortgage bonds. It bought approximately US$300 billion in bonds in March and April, and since then, it has purchased approximately US$100 billion each month. +* The Federal Reserve currently has nearly replenished bonds backed by U.S. housing loans +* The purchase of securities pushed down mortgage interest rates, ending last week, and the average 30-year interest rate fell to 2.91% from 3.3% in early February. +* Morgan Stanley analysts pointed out in late March that such purchases are eight times faster than the Fed's purchases under the previously called quantitative easing program +* Just before the latest round of financing, the principal payment of its mortgage bond holders had reduced this ratio by 21%, but it has now returned to 30% +* If the Fed maintains its current rate of purchases, it will once again own 34% of the mortgage sector by the end of the year +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Renaissance Technologies is the Greatest Hedge Fund of All Time. + +Founded by math genius Jim Simons, it's flagship fund Medallion has an average gross return of 66.1% since 1988. + +With an average net return of 39.1% after fees. + +The Medallion Fund is available only to current and past employees and their families, closing to outside investors in 1993. + +Since, 1988, the Medallion Fund has racked up trading profits of more than $100 billion. + +Now, I mentioned a net return of 39.1% after fees: well, the fees have been greater than the usual '2 and 20' structure (which means a 2% management fee and a 20% performance fee). + +Medallion has had a 5% management fee, and from 1988 to 2001, a 20% performance fee and from 2002 until now, a 44% performance fee. + +Notice in particular the return in 2007 and 2008, a time when many were completely REKT. + +In 2008, a return (after these monstrous fees) of 82.4% + +**To make us all feel terrible, if you had invested $1000 into Medallion in 1988 you would have today, after fees, around $23MM**. + +That certainly beats inflation... + +So, how did they do it and what can we take away from this story (aside from searing jealousy)? + +&#x200B; + +**PART 1: The Early Stages** + +Early on, Simons had a goal of algorithmic investing. + +Remember, this was the late 1980s before the phrase big data became a household name and most investment decisions were made over the phone based on gut with the likes of Jordan Belfort trying to scam you! + +“I don’t want to have to worry about the market every minute. I want models that will make money while I sleep,” Simons said. “A pure system without humans interfering.” + +Simons hired Sandor Straus to help him collect historic commodity information + +Straus’ was essential to Renaissance Technologies early success in commodities trading. + +He became somewhat of a data guru ensuring pricing was consistent and accurate, checking his numbers matched with yearbook data provided by commodity exchanges, Wall Street Journal, other newspapers and anything else he could get his hands on. + +Over time, Straus and his colleagues discovered additional historical pricing data, helping the development of new predictive models. + +In fact, some of the stock market data they'd later find went back as far as the 1800s! + +At the time, the team couldn't do much with the data, BUT the ability to search modern history to see how markets reacted to unusual events would later help Simon's team build models to profit from market collapses and so called 'Black Swan events'. + +The return in 2008 is a prime example of that. + +Commodity markets were relatively simple and RenTec found success in deploying simple trading strategies. + +The fund wasn't bothered as to why these trading patterns existed - the only thing that mattered is that they occurred in a predictable and actionable way. + +&#x200B; + +**PART 2: Intellectual Capital** + +Now in order to build these quantitative models, RenTec is composed of mathematicians and physicists of the highest order and it has even been described as the "best math department in the world". + +Therefore, their quantitative researchers are well aware of the problems with data mining, over-fitting and spurious signals. + +We are taking A LOT of data: 9TB per day in fact. + +RenTec originally focussed on trading commodities, currencies and futures. + +The strategies were mainly trending (i.e. price will continue to move in same direction) and mean reversion (i.e. price will return to original value). + +Simons was experimenting in the stock market (equities) since the late 1980s but the strategy that had worked well on futures was not working on equities. + +In 1995, David Magerman, an early employee, spotted a line of simulation code used for the equity trading system showing the S&P 500 at an unusually low level. + +This test code appeared to use a figure from back in 1991 that was roughly half the current number. + +It had been written as a static figure, rather than as a variable that updated with each move in the market. + +Magerman also spotted an algebraic error elsewhere in the code. + +Finally, the simulator’s algorithms could finally recommend an ideal portfolio for the trading system to execute. + +The resulting portfolio seemed to generate big profits, at least according to Magerman’s calculations. + +Only then did Renaissance commit significant capital into the equity markets, and since then...well, pretty good.... + +&#x200B; + +**PART 3: Infrastructure** + +Now I mentioned before about the sheer amount of data RenTec is utilising. + +Big data has obviously caught on, but many hedge funds continue to under-perform the market and even some hedge funds focussed on quant methods haven't fared too well. + +The problem, and one of the reasons RenTec is so special, is the barrier to entry is so incredibly high: + +Building a data pipeline and the infrastructure required to process that data is no trivial matter. + +To then get profitable trading signals from that processed data is a mammoth task. + +RenTec has been in the game for over 30 years, constantly refining their algorithms and improving the efficiency of their data processing pipeline. + +They have completely automated the process of signal discovery: + +They don't hire researchers to manually derive novel insights or trading models from data, and they don't really bother with exclusive sources of data. Instead, they hire researchers to improve methods for automatically processing vast amounts of arbitrary data and extracting profitable trading signals from it. + +RenTec has automated the data processing and feature extraction pipeline end to end. + +The data is a pure abstraction to them. They don't bother with forming hypotheses and trying to find data to test them, they allow their algorithms to actively discover new correlations from the ground up. So many quantitative funds advertise how much data they work with, and how they have all these exotic sources of data at their disposal - but the data does not matter. The models for the data do not matter. + +The mathematics of *efficiently processing* that data are what matters. + +**CONCLUSION:** + +**The takeaway from this is the following: do not day trade, you will get REKT.** + +**You are competing with immense infrastructure and intellectual capital of the highest level.** + +&#x200B; + +[https://www.youtube.com/watch?v=jcy8QaILDJI](https://www.youtube.com/watch?v=jcy8QaILDJI) + +&#x200B; + +BRAVE BROWSER: [https://brave.com/fin894](https://brave.com/fin894) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Michael Burry, the star of the Big Short, bought first CDC options on May 02. 2005. He foresaw the housing crises and took the chance. +You know when he started selling? +2 years, 3months and 29 days later. That's 850 days of waiting, pressure, knowing he was right but being called a madman etc.. + +If you bought Jan 28. 2021, you are almost 70% of that way. About 590 days have passed. +You can do this + +This is my reminder + +Be patient + +Be kind + +Be like water + +D*cks out for Harambe! 🐒 + +Buy, hold, DRS 💎 ✋️ 🚀 +AFAIK Norway is touted as an economic success, and I don't see much pushback against its 1 trillion dollar fund invested into foreign assets. But why is this good economic policy (if it is). Why should a country invest in international assets instead of in its citizens or research? Why don't more countries invest internationally? Thanks. +I find this research very interesting. + +[https://investornews.vanguard/beyond-the-pandemic-what-to-expect-from-stocks-bonds/?fbclid=IwAR17LdpdT7MtpXoTv\_oAI4cAgjhfjYs7uMqlXDx0lIm6qkA8\_84qXUrkXPA](https://investornews.vanguard/beyond-the-pandemic-what-to-expect-from-stocks-bonds/?fbclid=IwAR17LdpdT7MtpXoTv_oAI4cAgjhfjYs7uMqlXDx0lIm6qkA8_84qXUrkXPA) + +Vanguard predicting the next ten-year annualized stock returns. + +https://preview.redd.it/2xg2jeh95e451.png?width=651&format=png&auto=webp&s=b16deae12d3318e67641c12a7de67c018819bc4b + +Value stocks expect to outperform growth stocks. Is it because growth stock's valuation is already too high? Maybe we need to consider VOOV/VOO over VOOG? + +International stocks expect to outperform US stocks. Lower volatility and higher return? Maybe its time to diversify into VXUS/EEM/VWO? + +What do you all think of this report? +https://www.businessinsider.com/tesla-can-be-thanked-creating-a-growing-ev-market-2020-10 + +A decade ago, no major automaker was going to bet on a non-existent electric-vehicle market. Big Auto was happy to sit back and watch Tesla try to create a new segment. But now, almost every carmaker has announced significant electric-vehicle ambitions for the coming decade. + +Make no mistake: Without Tesla, this wouldn't be happening. We'd still be asking the circa 2006 question, "Who killed the electric car?" if Tesla hadn't reset the EV race in the years before the financial crisis, narrowly avoided bankruptcy, and positioned itself to deliver half a million vehicles in 2021 (and gift investors with a 9,200% return). + +Now, the global EV market is poised to grow, especially in China, where auto sales are already millions more annually than in the US, with the potential to top out at twice what the US sees every year, around 16-17 million new cars, trucks, and SUVs. A large percentage of those new sales could be electric, and automakers don't want Tesla to capture them all. + +Thanks for the awards. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I wrote an algo that's giving almost 2835166% compounded return on last 5 years data of BTC. Sounds unrealistic cuz it kind of is, I mean this algo isn't scalable. So if we use millions of dollars for each positions. It won't work. But still... + +&#x200B; + +&#x200B; + +The results are like these... + +&#x200B; + +The win rate is : 61% + +Average profit: 0.51% + +Average loss: -0.65 % + +Max profit: 22.50% + +Max loss: -9.36% + +&#x200B; + +Total trades : 16436 + +&#x200B; + +Slope : + +&#x200B; + +[Graph](https://preview.redd.it/0e356ixczq691.png?width=372&format=png&auto=webp&s=5b2565d59c1465dab2552a734d386fea1db0731f) + +&#x200B; + +Fee used when calculating profit : 0.10% + +&#x200B; + +All entry or exit signals are based on previous candle close price So no calculation is made based on future data. + +&#x200B; + +Non compounded returns, + +&#x200B; + +Here are the stats when using 100$ for each trade without any kind of compounding... + +&#x200B; + +&#x200B; + +https://preview.redd.it/9znbej7m0r691.png?width=381&format=png&auto=webp&s=c2761bab4cd89671b199160caab4518ee718a9c7 + +&#x200B; + +Return is 1084%. + +&#x200B; + +As you can guess almost all other stats are same. + +&#x200B; + +It's not perfect. It only works best on crypto markets. Working kinda decent on last 60 days data of a lot of stocks like TSLA or SPY. But giving almost 30% loss on forex market. And tested it on sp500 futures data of last 5 years. It underperformed by a lot compared to buy and hold. + +&#x200B; + +So I'm thinking about using it on real crypto with some real money. + +&#x200B; + +I tried reviewing the code so many times but still can't find anything that can make the result misleading or wrong. Can you let me know any other factors that can make it perform different on the live market compared to the backtest... + +&#x200B; + +I already took fee into calculation. So the only thing I can think about is 1-2 sec delay in executing the order. Any suggestions? +The hedgies will be doing everything in their considerable power to delay and drag things out as long as possible to demoralise and test retail's resolve. We know damn well they're scheming this very second in their offices. + +Don't go into the day/week expecting the MOASS to happen. Expect more red days, sideways trading, FUD and whatever other fuckery they're plotting right now. + +Keep expectations in check. The MOASS will happen when it happens. Until then, I'm hodling as usual. +I'm really trying to understand why people like dividends so much? Profitable companies can re-invest that money in their business, acquire new businesses, buyback shares, paydown debt, or issue dividends. + +People talk about using dividends for income. If I need income, I can simply sell some shares. If I don't need income, I can leave my shares as is and not trigger a capital gain. + +I'm curious to hear why people here like their dividends so much? +Just a quick venting post. Lost massively on $NIO this morning without a stop loss. I didn't follow my own rules and wiped 2 months gains in an hour. + +Reminder: Set stop losses and follow your own rules. + +My rule I didn't follow: Wait 30 minutes from opening bell to assess the day trend. I saw the 8% jump and thought it was going to be a bull day. Brutalized. + +&#x200B; + +Edit - Just wanted to say thank you to everyone for providing input. Really kind bunch of humans we have here. Back to growth next week. +Landlord is selling our house-offered to sell it to us for the appraised price, allowing us to bypass the insane bidding wars that are going on right now, with houses consistently going for above asking price. But we’re probably going to be moving out of state in 2 or 3 years. Obviously not a good time to buy. But doing the math and looking at available rentals, we’d be paying $400-500 more for rent than we would for mortgage on this place, including taxes and fees. Maintenance and repairs are a concern of course, as is being able to sell when the time comes, but house prices here are going up and don’t show any signs of slowing down. All things considered we’d strongly rather stay if it won’t cost us a ton of money-the available rentals would be a step down in terms of location, commute, and freedom to have things like a dog door or garden beds. +We do have enough money to put down a 20% down payment and still have $30k left in the bank not including our retirement funds. + +Am I totally crazy for considering this? +As title says. How mortgage stressed are you and what strategies do you have in place to tackle further rate rises? Cutting down on cost of living, rent vesting, others? +It seems like everyone in here has a 100% equity portfolio, with many only being invested in the S&P 500--or worse, just a tech ETF. I suppose this is fine if you're a young investor, but this seems incredibly risky if you're older. + +Have people forgotten that stock market crashes are a thing? It took 25 years for the market to recover from the 1929 crash, and US stocks declined for a decade after the 2001 crash. Why is everyone so bullish lately? + +It's incredibly important for an investor to diversify into different markets and into fixed income, but it seems no one here wants to buy anything except the S&P 500, due to its recent performance. + +Am I the only one here that thinks that this will end badly in the near future? +After 10 years on the FIRE path, a net worth of $650,000 and a long time believer in renting your way to FIRE, my mind has been changed. Our building was sold to new owners and we found out that we will need to find a new place to live. Before you ask, the new owners have followed all the rules and are legally repossessing our rental for themselves. + +Rent in our area has increased a lot so the prospects of finding something similar at a similar rent is zero. The stress of moving my family, possibly needing to change schools and daycares and leaving the neighbourhood we love has been brutal. We have decided to buy in our neighbourhood. There are a lot of pros and cons to buying vs renting. The upfront cost is high and it may negatively affect our time to FIRE by a few years but the security for our family is worth it. Every person's situation is different I just thought my experience can add to the debate. +I was moved into a new position last year, added responsibilities on top of what I was already doing. No initial pay increase. Failed miserably at first but learned some good lessons and now I'm pretty successful and have been for the past 6 months. I went back to my boss to ask for a raise to match my current position, an 18% increase to meet the middle average of what my position typically pulls. He said he'd have to take a look at things. + +It's been over a month without a definitive answer. Anytime I've followed up, my boss said he's still thinking about it. In the meantime I was talking career goals and salaries with one of the employees I supervise and work closely with on a daily basis. He started his career over a decade later than I did (he's nearly a decade younger, too). He assumed I was making MUCH more than I actually am (nearly 200% of what I actually make) which led me to ask what he was making. I now know that this employee I'm over is making 6% more than me with nearly a decade less experience. + +I asked my boss again yesterday if there's been any movement on my raise. He replied that he'll be able to give me something, but that it won't be quite nearly what I asked for, and that he wants to meet next week to discuss. + +How taboo is it to bring up the fact that you know you're underpaid with your boss? How do you use this information to your advantage during raise negotiations? + +Full disclosure, I love this company and what I get to do for them. But people with my particular skillset are somewhat rare in this industry and are definitely necessary once a company reaches a certain size. Slightly larger companies typically have two people sharing the roles of what I currently do. +Do not tell your friends and family specific details like your salary, net worth, savings rate, etc, even if they ask. Its fine to talk personal finance and encourage people to also pursue FIRE. Share strategy and general goals, but don't go into your specifics. I wish I would have received this advice early in the FI journey. Money has suddenly become a contentious issue with a family member after that person asked me for a substantial loan. I never would have anticipated this person making such a request or being upset by my refusal. I greatly regret ever sharing my financial situation. +***Follow up: Thanks for all the comments. To those suggesting cutting off contact, in my case I don't think it is a relationship ender, just some unnecessary drama that I hope will pass with time. To those that said they are selective about who they tell, I would have agreed in the past, but no longer do. I am still a proponent of talking finance with friends and family. I simply suggest leaving out numbers during those conversations. There's little to be gained by sharing your salary or net worth, but a lot of potential downside. +***Follow up 2: A lot of people have pointed out that not sharing salaries held their pay back. While I agree that this is a taboo that hurts employees and benefits employers, I think that discussing salary with coworkers also carries significant risk. However, that deserves its own separate discussion. +This is more of a philosophical question toward life. There is saying that goes " do what you love and you will never work a day in your life". + +So I guess my question to those that have "made it" financially speaking is how did you get there? + +Did you start a business? + +Get a high paying job ? + +Make wise investments? + +Were you passionate about what you were doing, or was it all just a means to an end? +Can I please get a big round of applause for all of you that were able to survive the recent bear market caused by Covid-19 Omicron. ([source ](https://www.cnbc.com/2021/11/26/crypto-bitcoin-btc-enters-bear-market-on-new-covid-variant.html?&qsearchterm=Bitcoin)) + + +I absolutely am amazed by all of your persistence for surviving this extensive bear market of roughly 2,5 days. I know most people gave up. But you were here and stayed. + +Respect to all the hodlers. + +Now let's watch the market blow up to 100k$ BTC. + +Congratulations on surviving the bear market. +Ok, so I'm in a position, at age 18, where I can work 44 hours a week, and make $20 an hour. Because of this, with time and a half with overtime, I'll be making $920 a week before taxes. I plan on being able to save $750 a week, saving 39k a year, and after like 3 years of reasonably living with my parents, buying a home at 21, and after that start college. I don't plan on pulling any loans for college either, if I don't have enough, I'll skip a semester and save, NO RUSH to finish college. This is also a low ball estimate, assuming I don't get ANY raises or even another promotion. + + +I think this is an amazing idea, buying a home and saving for it during the one time in my life I can live in my parents house rent free, getting one of the hardest steps in life out of the way by the age of 21. I think the housing market will go down because covid really spiked it, and lets be real, it shouldn't be as high as it is now, but even assuming the market stays the same, and with my low ball estimate for how much I'll save, I can still buy a pretty good quality home, I just need to find the one. + + +My friends are saying its a TERRIBLE idea, because what if something happens? This and that, how are you going to get through college, etc. I'll only have to pay some small bills, so running college is no big deal, and I can always take off every other semester, work full time, pay my bills, and save the rest for college money, not an issue what so every. This is also very realistic because my jobs availability is AMAZING and I'd also be able to switch from full to part time, even though I'd get less hourly, I can go from one to the other whenever I want, its all up to me. They're also saying what if something happens to the home? Well that's just OWNING A HOME, you can't exactly get around that. + + +So what do you guys think? I'm still gonna do it, I don't really care what they say about it, but if someone here can get me to understand why its a bad idea, please do. +I’ve been told that it’s not wise to have six figures sitting in your bank account it’s wise to follow but I also don’t know the reason, I’m with citizens. + +Is there a source(s) where I can transfer money to where the interest rate is low with unlimited withdrawals or in your opinion more convenient? + +Where else do you deposit large sums of money, ideally I want to keep $15,000 at a time and in increments but need advice, critique, reference. + +I feel ridiculously lost. + +Edit: Thank you all for the broad highly useful advice I received despite my fairly limited vague post. Being restless presents itself oddly and I ushered in without using my better judgment or common sense so I’ve taken notes from all of the useful advice and direction I received and spent the day reading books and researching finance and feel much better about the situation. + +Thank you all. +So im 26 and I kinda feel like crap cause I have no degrees mostly because I kept going back to college but since I work full time I always fall behind. Upon looking at my credit on credit karma I realize that my score is building fast and I only owe $1300 in all accounts total which can be paid off in a month then I will be completely debt free. But I still feel bad because I have no degrees, I mean im working on my a+ certification and other certifications and I still plan on going back to school. Please tell me, am I stressing for no reason? Because I realize that most Americans are in debt but many also have degrees and great jobs. +Hi. Worked some months on this bot. Finally, excited as I am, I started executing the bot for some trades. + +And... + +It loses around 1 % every trade (excluding the fees) and it is supposed to execute a trade every few seconds. Who would like to invest in my algorithmic trading funds? + +In my dreams.. the bot just worked as it was supposed to. After working on it, it should be making profits from the very beginning on. I was already planning on living the financial free lifestyle at 26. Damn it! + +&#x200B; + +I am curious, how did your first bot perform? & do you have any tips/tricks? + +&#x200B; + +Edit: I use the BINANCE API for trading and the Google Colab platform is used (lol dont bash me for the latter plz) (or do so if colab is distorting my strategy qua speed) +I have created a crypto currency monitor for ETH, BTC, USDt and the largest ERC20 tokens and I wanted to share it with the community. The monitor keeps track of all transactions made in real time and gives a warning when unusually large transactions are found. Using the information that is gathered and information from other sources the monitor is able to identify many transaction to exchanges and their deposit wallets. It also gives a warning when USD or EUR tethers are created. + +&#x200B; + +The reason why I have made this into a public Twitter bot is because it is hard to identify every source and destination of a transaction. If enough people contribute, it should be able to find and identify most of the whale transactions and, if they are moving their assets to an exchange, act accordingly. + +&#x200B; + +See it in action here: [https://twitter.com/whale\_alert](https://twitter.com/whale_alert) +Before you ask, no this isn't Denzel Washington's burner account. I've lurked here long enough and with the pandemic, social unrest, and tropical storm all conspiring to keep me indoors I figured now was as good a time as any to contribute to the community. + +Background: Grew up disadvantaged. Mom institutionalized schizophrenic, dad had other priorities so grandparents took me in and literally saved my life at 9 months old. Neither could read or write very well but managed to own two homes(that I now own) and were small business owners(maid and landscaper). Dad lived on the other side of the state but paid for catholic school which helped me avoid some of the pitfalls associated with abject poverty: busing, overcrowded schools, overworked educators, etc. So let's just say that I started the FIRE race a bit further back than most and had to navigate a few obstacles along the way. + +Graduated high school with a whopping 2.38 GPA and an 1170(old scale) SAT score. I wanted to go to college but didn't have the pedigree to make it happen. Oh yeah, I was the president of my high school's computer science club. I wasn't dumb, just distracted. Long story short, I joined the Service to pursue an ROTC scholarship and with a bit of remedial work and a fair amount of institutional motivation(read threats and punishment) I received an undergraduate degree in Computer Science and started my professional life. + +The Plan: At this point in my life (early 90s), I had a gig and was making the most money I had ever made in my life: $18,795.60(before housing allowance). I was finally housing and food secure and at 23 I had transitioned from poverty to the middle class. The plan was to complete my service commitment and join my peers in industry. + +You all know about the best laid plans of mice and men. Four years became \~20 years and add a wife, two kids and a couple wars to the mix. Outwardly my life resembled the Jones'. We had a single family home in the burbs, two great kids at great schools, and a couple of almost paid for cars. But we were net worth poor. In the late 2000s I would return from my final deployment to 22K of credit card debt, a rental property that was upside down and not cash flowing, while living in a rental across the country that we couldn't afford. + + Side note: In the early 2000s I stumbled across a book called The Wealthy Barber, and although I knew nothing about personal finance let alone FI, I knew that my finances were a mess and that I was mentally and physically tired. Something had to give. + +The Plan 2.0: The gory details aren't as interesting as the outcome, but starting in the late 201Xs and over the period of about 12 months I retired from the Service, divorced my now-ex, and founded an IT consulting firm. I hasn't been easy, but over the last 10 years the firm has grown to 40 engineers with annual sales in the mid seven digits. I've heard every possible version of no and been told on several occasions, to include by my now ex-wife, that I would never make it as a small business owner. Failure only occurs after you stop trying. I've also started up a new company that is product oriented. I'm getting to learn all about manufacturing and production. For a software guy this is uncharted territory and exciting to say the least. + +FI: YNAB tells me that I'm well on the path to financial independence. For you YNABers out there the age of my money is over 30 with a buffer over 100. For the non-YNABers, I live below my means. In practical terms, I'm debt free with about 4 years to go on my mortgage in a medium to low cost of living area. I have liquid assets over 1MM. I can almost go tell my boss to GFY(oh wait.. that won't work). + +RE: Like many others here. I'm not certain what retirement looks like for me. I'm receiving my military pension now(high 5 figures), and absolutely love running my company. I work on average 3 hours a day from home with the bulk of that mentoring and leading the team. It's something that I enjoy and can do from anywhere in the world. I travel as much as I like and when I like. Life is good. + +I'll humbly ask that this story be added to the collection of others like it. The magic of this community lies in the ability to be more open about finances. My neighbors and all of family members see me as the youngish, lucky, retired military guy. If they ever read that Tom Stanley book they might take a second look at this black man on fire. +Approaching $1,400. At what point does this just go pop? On what basis does anybody believe this is sustainable? + +I’m not preaching here, I’m genuinely interested... +*Disclaimer:* *As always, take everything with a grain of salt, and do your own research. Some of this is speculation and not entirely based on facts.* + +Enjoy getting your tetas jacked + +" **Comprehensive DD of how Citadel and friends are scamming GME and other shorts and how they are laundering the money.** " + +[https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive\_dd\_of\_how\_citadel\_and\_friends\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive_dd_of_how_citadel_and_friends_are/?utm_source=share&utm_medium=web2x&context=3) + +links to " **\[1/3\] The Ultimate DD guide to the moon!!. Crazy Melon"** + +[https://www.reddit.com/r/GME/comments/n2hgxq/13\_the\_ultimate\_dd\_guide\_to\_the\_moon\_crazy\_melon/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&utm_medium=web2x&context=3) + +by u/sydneyfriendlycub + +"**Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...** " + +[https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel\_securities\_has\_over\_57500000000\_in\_open/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/?utm_source=share&utm_medium=web2x&context=3) + +by u/ThatGuyOnTheReddits + +" Also, the one talking about Citadel's total short positions is full of ridiculous assumptions. While it is interesting to see what Citadel's short position value was on 12/20/20, OPs leaps of faith using that info are incredibly shaky (ex. " assuming 50% of these short positions are in GME"....whoa, wait what?). + +Please review and add a disclaimer." - u/justsaysso + +" Don't get ahead of yourself, fellow ape. That's the amount of all their short positions combined, not just GME. Granted, it COULD just be GME, but it's highly doubtful that is the case. Either way, that was how many months ago? They've had plenty of time to keep digging that hole. PLUS, that doc only shows us their *reported* short positions. Them illegal naked shorts aren't going to be accounted for. Ya know, cuz illegal. THAT is the number I'm most interested in, though we may never get to know the truth. " - u/Bradduck_Flyntmoore + +"**Ryan Cohens Kill Shot....the Reverse Merger"** (~~My personal favorite of the day~~) + +[https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan\_cohens\_kill\_shotthe\_reverse\_merger/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/?utm_source=share&utm_medium=web2x&context=3) + +by u/Alert_Piano341 + +" I don’t like the reverse merger one. The intercept article it links to is the only thing I’ve read that makes me nervous about the squeeze. It’s worth taking the half hour or so to read through the series. It’s old and talks about naked shorting and how they get away with it. The counter dd people are always looking for: it isn’t that we are wrong. It’s that we are right and it doesn’t matter. I hope this one is too big and too public to be ignored. The new rules and hearings keep me optimistic. " - u/fraygul + +" Clarifying question for you - are you saying you don’t like “the reverse merger one” because it linked to something that made you feel nervous? + +Sure, this question has crossed my mind too because it’s a valid issue. We could be correct and do all the right things but could still get fukd. We won’t know yet. Until we find out. In the meantime, there’s a lot we can do to anticipate and learn about the fuckery that allowed them to get away with it in the past. So the value of articles/information shouldn’t be measured by how it makes us feel but how informed we are after reading it. + +I see that you recommend folks read it but I’m confused by your opening and why you hold that against the reverse merger DD - which only had encouraging insights. + +In other words, I wonder if that loophole is now closed to them for the few reasons I mentioned (and possibly more I haven’t thought of). + +Edit: One thing to add - I’d have to research more into the obligation warehouse mechanism but I’m wondering if, for that loophole to work in favor of the short seller, *that’s* where they need a complicit issuer. Like, would the issuer have to sign off, so to speak, that the FTD’s are accounted for? I don’t know, smooth brain here but it sounds like the reverse merger can be leveraged in different ways, not just in favor of shorts." - u/blizzardflip + +" It's not that the Intercept article makes [/u/fraygul](https://www.reddit.com/u/fraygul/) feel nervous; it's that the Intercept article states that because the old short positions under the old CUSIP can no longer be closed, they can actually be warehoused indefinitely as a liability that will eventually have to be paid off, but no longer have an imminent FTD pressure that the shorts have right now. + +To quote the article directly: + +>Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. +> +>Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later. + +So instead of being a killshot for the hedge funds, this idea would actually be a killshot for the squeeze and the worst possible thing that could happen." - u/StringentCurry + +Thank you all for the feedback! + +" **AS SOMEONE WORKS AS AN ADVISOR FOR POLICY MAKERS AND HIGH OFFICIALS; THESE ARE OUR NEXT STEPS** " (My personal favorite of the day) + +[https://www.reddit.com/r/Superstonk/comments/n727qd/as\_someone\_works\_as\_an\_advisor\_for\_policy\_makers/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n727qd/as_someone_works_as_an_advisor_for_policy_makers/?utm_source=share&utm_medium=web2x&context=3) + +by u/keenfeed + +" I can’t fully support the one by [u/keenfeed](https://www.reddit.com/u/keenfeed/) because it calls on this sub to get politicians involved in a way that would make them easy targets for the people who don‘t want anything to change. + +I like the idea of sending out a Master DD (even though I doubt it could be a short read), but getting politicians on live stream and having THEM ask us questions to educate themselves is a bit over the top imo. + +[u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) replied to it and outlined some points detailing why it‘s not a good idea and I wholeheartedly agree with her." - u/jonnyHDM + +" Apes, + +We know how eager everyone is to get involved and make a difference. However, please keep in mind that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a place for people from around the world to get together to share news, information, memes and comments about stonks. + +Our AMAs are for informational purposes only. Our guests are here to inform us and to answer YOUR questions. + +We are not a political group. Mods will not spearhead any political campaign nor will we reach out to any politician on behalf of [r/Superstonk](https://www.reddit.com/r/Superstonk/). + +There are several reasons for this, however the most important ones are: + +1. Many of us, including several Mods, are not US citizens. +2. If [r/Superstonk](https://www.reddit.com/r/Superstonk/) reaches out to potentially "friendly" or "open minded" US politicians to try and "educate" or "inform" them, this is what will happen: + 1. Mods and influential [r/superstonk](https://www.reddit.com/r/superstonk/) users will be targeted as "bad actors" who are attempting to exert foreign influence on US politicians and policy; and + 2. Those politicians we reach out to, who may or may not be friendly, will be targeted as "compromised" and "under foreign influence/manipulation" +3. The result? All of a sudden, any positive changes they are attempting to make will be seen as "an attack on American Sovereignty" because they are "compromised" by "foreign manipulation" +4. Furthermore, politicians are not dumb. **You can bet that many of them are lurking on this sub, reading, watching and learning.** If they want to learn, they can and will do so. + +If you want to get involved, all you have to do is watch our AMA with Dave Lauer or [read the transcript](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/). Here's a direct copy/paste from the transcript: + +>\*\*WHAT CAN WE DO?\*\*There have been questions about **what can we do** and to me this is one of those things that we can do.Another thing is you can just continue to make your voice heard, **you can file comment letters with the SEC or FINRA, that's an excellent way to get involved**, they do read them and \*\*they do listen to well thought out comments, or well-researched comments.\*\*You can contact your members of Congress because these bills that are going to come up are going to be controversial and they need to hear that there are people out there that support them, for good reasons.You can make use of the SEC and Office of the Investor Advocate who is there to advocate on your behalf and is often focused on institutional investors but would probably like to hear more from retail.And Gary Gensler I think in his testimony before Congress is going to say that they're requesting public input on some of these exact issues.So I think getting involved like that is just an *excellent thing*.It's great to have more involvement and more perspectives in this market structure debate, versus most of the people that are involved generally work for the high-frequency firms, the exchanges, the broker-dealersThere are very few of us out there who are not beholden to one of those types of firms and who are making money, actively, off of the current market structure. + +If our American apes wish to contact their representatives **as individuals, please do so.** + +However, the Mod Team will not be contacting anyone on behalf of the community, nor will we be involved with organizing any "Master DD", slideshows, or political AMAs. + +Thank you for your understanding and cooperation, apes. + +🙏💪 + +**UPDATE:** + +Many American apes are asking for information/websites/links on how to contact their representatives/SEC/FINRA. This is information that I'll be happy to provide. I'm at work right now but I'll look into it tonight and post something tomorrow. + +Also, here's a message from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) regarding [u/mmedici](https://www.reddit.com/u/mmedici/)'s question in the comments below: + +>The subreddit is public space. I think that's even true, legally considering. People all over the world come to reddit and join public forums. We won't condone anything against our rules.Politics must be relevant to the discussion. There are private chat groups and messaging alternatives for those who truly wish to organize.This subreddit is geared toward public discussion and sharing of knowledge and education.This is not a place to organize action on the political battlefield.However, if those organized actions rely on information gained from [r/Superstonk](https://www.reddit.com/r/Superstonk) or other subreddits, that will not be on other community members or the moderators.We are here to facilitate public discourse, not censor information or discussion on the grounds of supposed involvement.**In the end, we all have free will and free speech, and we moderators seek to keep the peace and nurture public discussion, not police it or censor it without good reason.** " + +\- u/luridess + +"**I think I solved the Rubix Cube and... it is so much bigger than everyone thought.** " + +[https://www.reddit.com/r/Superstonk/comments/n7e18t/i\_think\_i\_solved\_the\_rubix\_cube\_and\_it\_is\_so\_much/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7e18t/i_think_i_solved_the_rubix_cube_and_it_is_so_much/?utm_source=share&utm_medium=web2x&context=3) + +by u/SoulSolus + +" Also, the Rubik's Cube one is super fishy. Check my comment history for my take in that post and also peep the comments of the ape I replied to (who was like the only voice of reason in the comments section). " - u/suddenlyarctosarctos + +" **Negative Volume Prints** " + +[https://www.reddit.com/r/Superstonk/comments/n772fg/negative\_volume\_prints/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/?utm_source=share&utm_medium=web2x&context=3) + +by u/dlauer (Holy shit The Ex-Citadel Employee, David Lauer is posting here! If you're reading this thank you so much for your contributions to the community, what an honor to have you!) + +"**Did you know Citadel is the NYSE DMM for $GME?"** (From yesterday, but still IMPORTANT) + +[https://www.reddit.com/r/Superstonk/comments/n68ooc/did\_you\_know\_citadel\_is\_the\_nyse\_dmm\_for\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) + +Another from the man himself by u/dlauer + +"**Recommended Reading"** + +[https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended\_reading/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended_reading/?utm_source=share&utm_medium=web2x&context=3) + +Also by u/dlauer (didn't get much love so when visiting the link make sure to supply many updoots!) + +**"\[Reposting because I aped it\]** **The SEC was potentially complicit in hiding squeeze worthy option data from retail investors after Melvin Capital's debacle, and institutional investors are capitalizing on it today"** + +[**https://www.reddit.com/r/Superstonk/comments/n77xou/reposting\_because\_i\_aped\_it\_the\_sec\_was/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n77xou/reposting_because_i_aped_it_the_sec_was/?utm_source=share&utm_medium=web2x&context=3) + +by u/StellarEVH + +" **Fidelity changed limit order restrictions to** **~~600%~~** " \*\*UPDATE\*\* now it is at 500% + +[https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity\_changed\_limit\_order\_restrictions\_to\_600/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity_changed_limit_order_restrictions_to_600/?utm_source=share&utm_medium=web2x&context=3) + +by u/candleaddict1 + +" [**u/Macnassmat**](https://www.reddit.com/u/Macnassmat/) **looks like it's** [**500% now**](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/)**.** " + +[https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle\_fridays\_change\_in\_limit\_order\_pricing/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/?utm_source=share&utm_medium=web2x&context=3) + +\- u/tikkymykk + +" **May 5: -1M volume. May 6: -2M volume. IT IS NOT JUST A SERVER RESET! This comment of** u/redditmodsRrussians **seems to be aging well. BRB, I gotta call mom. 💎🙌🚀🚀🚀** " + +[https://www.reddit.com/r/Superstonk/comments/n74w2r/may\_5\_1m\_volume\_may\_6\_2m\_volume\_it\_is\_not\_just\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n74w2r/may_5_1m_volume_may_6_2m_volume_it_is_not_just_a/?utm_source=share&utm_medium=web2x&context=3) + +by u/kim2oden + +" **Found something funky on the dark pools** " (\*\*ATTENTION BIG WRINKLED BRAIN APES\*\*) + +[https://www.reddit.com/r/Superstonk/comments/n7ahcl/found\_something\_funky\_on\_the\_dark\_pools/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) + +by u/Pubertus + +"**🚨 David Lauer AMA Transcript/Summary 🚨** " + +[https://www.reddit.com/r/Superstonk/comments/n7234n/david\_lauer\_ama\_transcriptsummary/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/?utm_source=share&utm_medium=web2x&context=3) + +" **🚨 David Lauer AMA Transcript Summary 🚨 (2/2)** " + +[https://www.reddit.com/r/Superstonk/comments/n7295i/david\_lauer\_ama\_transcript\_summary\_22/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/?utm_source=share&utm_medium=web2x&context=3) + +by one of our beautiful and honorable mods u/bye_triangle + +" **RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!!** " + +[https://www.reddit.com/r/Superstonk/comments/n73mqk/rh\_is\_out\_of\_sharesa\_day\_transfer\_now\_takes/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n73mqk/rh_is_out_of_sharesa_day_transfer_now_takes/?utm_source=share&utm_medium=web2x&context=3) + +by u/rafaelL2303 (Thank you for coming to the light!) + +((Seen transferred initiated on 5/5/21 must have been the tequila)) + +*\*\*Anyone who is still in Robinthehood during MOASS will be inducted in the Hall of Shame\*\** + +*\*\*\*\*Proclamation: If you are responsible for restarting the squeeze due to shit broker such as one who might sell on your behalf or not allow sell limit orders, I will personally pimp slap you\*\*\*\** + +" + +>" RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!! " + +To clarify, when you see trades "bounce" (erroneous trades that have been used to make the market but cannot be settled), you don't see the result on your end. The bad link in the chain is the brokers. + +You see asian brokers limiting share purchases to 10 shares max? Or brokers locking down big orders, even for big boy ISDA players? That's where the user sees the impact of erroneous trades. The brokers get fucked and have to sort out the IOU's or just kind of sit there, deal with it, and try to buy more at any opportunity they can. They can't get their hands on the paper because when they try, the trades keep bouncing, so they get stuck with too few shares and have to start throttling things. Brokers are the share bottleneck right now, RH likely worse than others + +The user just sees weird things happening all over the place with brokers and wonders wtf is up." + +\- u/ElleLeonne + +" **About 80% of the Ants in South Korea have already voted. Actually, we didn't even vote ourselves and this is the way.** " + +[https://www.reddit.com/r/Superstonk/comments/n7axoq/about\_80\_of\_the\_ants\_in\_south\_korea\_have\_already/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7axoq/about_80_of_the_ants_in_south_korea_have_already/?utm_source=share&utm_medium=web2x&context=3) + +by u/NyamNyam1227 (Special shout out to our comrades the Korean ants, WE SEE Y'ALL! 🐜🐜🐜🐜➕🦍🦍🦍🦍=🚀🚀🚀🚀 ) + +" **Italian News Article Tells of Incoming US Market Chaos, Starting with Hedge Funds and the Feds - “The Fed's "Catch 22" marks a storm. And a doubt: was Archegos sacrificed?” (translated from Italian using Google)** " + +[https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian\_news\_article\_tells\_of\_incoming\_us\_market/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian_news_article_tells_of_incoming_us_market/?utm_source=share&utm_medium=web2x&context=3) + +by u/CuriousCatNYC777 (Italianos checking in! Calling out the foogazi Feds and Hedgies) + +" **For those that don't know (I didn't) the legendary Dr. Michael Burry predicted the GME short squeeze two years ago. He might have been early, but he's not wrong.** " + +[https://www.reddit.com/r/Superstonk/comments/n7i5rj/for\_those\_that\_dont\_know\_i\_didnt\_the\_legendary\_dr/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7i5rj/for_those_that_dont_know_i_didnt_the_legendary_dr/?utm_source=share&utm_medium=web2x&context=3) + +by u/Confuciusly (Username checks out!) + +" **Potential Evidence Shorts are FUKT and have not covered and most of the buying pressure has come from retail.** " + +[https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential\_evidence\_shorts\_are\_fukt\_and\_have\_not/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential_evidence_shorts_are_fukt_and_have_not/?utm_source=share&utm_medium=web2x&context=3) + +by u/infation + +" **Retail owns over 500M shares** " + +[https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/?utm_source=share&utm_medium=web2x&context=3) + +by u/catsinbranches + +~~"~~ **~~Holy hell! Rule NSCC-2021-006 shows up to save the day! IT'S COMING.~~** ~~"~~ + +[~~https://www.reddit.com/r/Superstonk/comments/n7byxy/holy\_hell\_rule\_nscc2021006\_shows\_up\_to\_save\_the/?utm\_source=share&utm\_medium=web2x&context=3~~](https://www.reddit.com/r/Superstonk/comments/n7byxy/holy_hell_rule_nscc2021006_shows_up_to_save_the/?utm_source=share&utm_medium=web2x&context=3) + +~~by~~ u/Horror_Veterinar + +"**CLARIFICATION OF NSCC-2021-006"** + +[**https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification\_of\_nscc2021006/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification_of_nscc2021006/?utm_source=share&utm_medium=web2x&context=3) + +by u/SquareGravy + +" That guy is actually wrong and painting 006 in a bad light. - the one saying it isn't that important.. I corrected him in another thread which he agreed to. " - u/juventinn1897 + +Good luck trying to get some sleep now! + +Let me know if there are any that someone would like to add, just like to consolidate some of this so it's easier to refer back to since my uncle Renny (u/rensole) ain't here to do so 😥 + +We miss ya Unc! + +Hope you are enjoying your much deserved/needed rest and having a blast! + +You fucking legend! + +Oh and if any mods are reading this would like to petition for an AMA with Kenny G's ex wife or wife's boyfriends + +I'm sure they have VERY valuable information + +Like on his positions.. when she wears strap-on and they double team Ken.. + +You know the good stuff! + +Edit: Holy shit wasn't expecting this to blow up, thank you all for showing this post some love going to do a bit of editing with consideration to the comments below. I appreciate all the feedback this is what makes this platform so glorious! + +Take notes ~~Mainstream media~~ + +We are the news now! + +TLDR: N/A haha +So I just did my quarterly net worth update and just noticed that we crossed the quarter million mark! And since people seem to like these kinds of posts, as well as being a good little reflection for myself, I thought I would share a little progress report of our journey. + +Here is a year-by-year summary: + +**2014** + +* Got married to my wife in my senior year. +* Graduated, and got first job at start of May. Starting salary $52k in a HCOL area (Boston). +* Had about $35,000+ in student loan debt. +* Wife graduated a year prior working for a year already making ~$41k. +* She had ~$10,000 in student loan debt (low interest, to her parents) at this point. +* Including her car loan, we were $50k+ in debt (basically our net worth) at the time I graduated. +* I always hated the idea of debt, so we prioritized paying it down as aggressively as we could afford. +* We kept the same jobs until we would move in a couple years, earning basic 3-5% raises every year. + +**2015** + +* End of the year, we made a lump sum payment of $9k to pay off my student loans (while dipping into our E-fund) just so we could say we did so before the end of 2015. +* We were still making minimum payments on my wife's student loans and car loans since the interest was very negligible. +* This was around the time I started to get more interested in investing and learned about MMM, Reddit in general, then this sub, other FIRE bloggers, etc. + +**2016** + +* My wife started to get a little home sick so we decided to move to a LCOL area (Midwest) where her parents lived, and away from where I grew up. I was okay with it mainly because in my mind, LCOL meant easier to save. +* We decided to temporarily live at her parents house while we found our own place. We paid them the market rate in rent, which was maybe a third of our previous rent. Since they weren't doing so great financially and healthwise, the rent money and helping out around the house worked out well for them so we didn’t feel rushed to find our own place. +* We did end up taking small paycuts. My wife found a job with salary of $45k. I found one shortly after with a salary of $51k. Since then, we’ve earned 5-7% yearly raises. + +**2017** + +* By this time, I got my wife on the FIREwagon. I think we averaged around a 70% SR for the duration we lived with the in-laws. +* Predictably, we (mainly my wife), got sick of living with the in-laws. So we started saving up for a house down payment. +* Lost maybe about $7k in the crypto craze. Still holding though. + +**2018** + +* We bought a house for ~$150k putting 15% down, no PMI, at 4.1% rate. +* Even though we were spending more for house things, we still tried to keep our savings up. +* Averaged around 60% SR for the year. +* At the end of the year, we found out my wife is pregnant. + +**2019** + +* My wife finds a new job, earning her a good pay bump. She now makes $60k, basically what I make now. +* Crossed the $260k net worth mark at the end of March! ~$213k in investments. Not too shabby for a couple of 28 year olds. + +[Here's](https://imgur.com/tfA4oKt) a little YNAB snapshot of the last 3+ years of networth tracking. Our expenses during that period averaged to around $3,100/month. That's enough to get us yearly visits back to Boston, grass-fed beef, a Nintendo Switch, among many other luxuries. + +With the baby on the way and since we crossed a significant milestone, we may relax our savings a little. But we’ll see! + +Well, I'm BACK superstonks, and i want you to know i thank you for all of your kind words the past three days i spent banned. Someone messaged me pretending to be a fellow /biz/ native and reported me for using language that those sorts would use with one another. And over the past few days, I saw something absolutely **Beautiful.** +Teamwork, real honest attempts to filter the damn shills out of the way and only focus on the truth. A mission with a drone, and a brave chimp taking to the streets to show the world how someone really rings a bell in the face of the corporate elite. +Then, **They noticed.** Did you think it was a mistake the very next day of my ban and the mission most chimpossible, people were here suddenly talking about "Illegal actions" and "Not dancing to the tune of the hedgies"? That what you were doing was wrong and spits in the face of the very cause you stand for? + + +[These are those people, LAUGHING in the face of people just like you. To you, your movement, your \\"ape\\" pride? It's a joke to them, you are a joke to them. This was taken during the \\"OCCUPY WALL STREET\\" movement, before these worthless sacks of feces decided to lobby against all the laws that would have protected them from the moon. THEY TOOK THEIR OWN PROTECTIONS AWAY, JUST FOR A CHANCE TO STEAL YOUR MONEY AGAIN.](https://preview.redd.it/i28w924ti9u61.png?width=391&format=png&auto=webp&s=657e4a1710eefcfc344cd44c2d48b380b58dab3c) + +The rich are overwhelmingly parasitic in nature, finding a vein to bite into, they suck the blood from our economy, and even the economies of others to fund their evil schemes. You would think that this is something from a comic book, but that is the sheer levels of cartoon villain stupidity these people possess inside of them. They **WANT** you to be a slave, they **NEED** you to be afraid of them, and not be willing to stoop to their level and mindgame back. +What they are doing is **Targeted Harassment**, and is of course illegal. What you are doing in fighting back is **Self Defense.** Which is not Illegal. I am not saying to go out in the streets and spill hedgie blood, that would be ludicrous and just the thing these horrible, VILE, WICKED, **MISERABLE EXCUSES FOR HUMAN BEINGS WANT FROM YOU.** +They WANT you to collapse. +THEY WANT YOU TO BEND THE KNEE. +TO BE CATTLE IN THE LINE TO BE SLAUGHTERED FOR A NEW LEATHER WALLET. +Do you want to end up like Poor poor **Argentina?** + + +[You think this was not intentional? You think they did not pull strings in the background to facilitate the collapse of a country? As the barking dog says, \\"A GOOD BOY DOES NOT BELIVE IN COINCIDENCES, BARK BARK BARK BARK.\\"](https://preview.redd.it/8g9i6twrj9u61.png?width=1200&format=png&auto=webp&s=c1829955e7dcd195e46ca69951aa9a9886425caa) + +And do you think that they would stop at money? At robbing people of their countries wealth and facilitating their economic downfall? Are you so blind to the situation at hand that you don't see these ANIMALS, these **REPROBATES WITHOUT ANY MERCY IN THEIR HEARTS** are in fact here in this VERY Subreddit? They take the form of fears and doubts, anxiety and worry that you may get in trouble for sending bananas in the mail, or being as hostile with them as the shills are with you... +By what law? There is nothing saying that it's legal for people to just come and force their financial dogma on you. There is nothing **LEGAL** about hiring people to lie to cover for your half-assed attempt at crashing a company, and potentially an entire economy with it. +You are **/strong/**, apes. You have shown me that you have the spine to carry on into the future, and TAKE this broken world from the hands of the wicked, and potentially lead it into a better tomorrow. +Go out there, make your voices heard. There is nothing stopping you, the people, from EXPOSING THESE CORRUPT RATS for who they are. + + +[Look at the enemy and despair, for they have robbed the coffers of the weak for their own financial gain for decades. This is not a new game to them, and they honestly think they can beat you.](https://preview.redd.it/3cplo6x1l9u61.png?width=1673&format=png&auto=webp&s=d79eab3e082140f776e76cff03d07f08df8258cd) + +# Tell me, SUPERSTONKING APES. Are you going to let the rich tell you what to do and how to feel? Are you going to just lay there and let life pass you by while these animals rip and tear and prod at EVERY little mental weakness you have, just to save a few extra cents in the end game?NO. YOU WILL TAKE THEIR MONEY, YOU WILL DRIVE A FINANCIAL KNIFE SO DEEP INTO THEIR HEARTS, NO RICH PERSON WILL EVER AGAIN DEIGN THEMSELVES ABOVE ANOTHER HUMAN BEING. THEIR WALLETS ARE THEIR REAL WEAKNESS, THEY WILL NEVER RESPOND TO ANYTHING EXCEPT /COMPLETE LIQUIDATION/. + +**They view you as a joke, as cattle that with enough prodding and shocking, they can lead you to do anything they want, anytime they want, any place they want. As the fact that today, after the mod refused to delete the ape doomsayer thread, there has not been ANOTHER "Don't play ball"-punk to come into this subreddit. I looked through the list myself, not getting anywhere near the traction it did before.** +And do you know why? They fear you. They KNOW we know now, and they KNOW you will not be stopped at mere bananas and drones, you will not **REST UNTIL THE PEOPLE INVOLVED ARE HELD ACCOUNTABLE.** + + +These MONSTERS want you to riot in the streets over GME stock, and hope to use that to get the money taken from you, that you are somehow not worthy. Can you FEEL the projection from them? How the BLOODTHIRSTY, MONEYHUNGRY LEECHES drool at the thought of spinning us as a violent blood cult? The dancers are right, this is not a "Mosh pit", we are not here to bloody noses. +This? This is a motherfucking **SYMPHONY** of human interaction. People from all walks of life, together for the purpose of dismantling a ROTTEN, MOLDED BUILDING, BRICK, BY **PERFIDIOUS FUCKING BRICK, AND REBUILDING THE HOUSE STRONGER THAN BEFORE, WITH THE INFECTED PARTS CUT OUT, AND ROTTING IN THE TRASHCAN OF PRISON WHERE THEY BELONG.** + + +# Just remember something while i work up a new, actual DD for you instead of this motivational. You only have 1 life to live, will you be that old man in his deathbed, wondering when his life is going to begin? Or will you take that life you have NOW, INTO YOUR OWN HANDS, AND SHOW THE WORLD EXACTLY HOW THE APES INTEND TO FIX IT? + +# + +[PIC RELATED: THE ONLY THING I HAVE TO SAY TO YOU DEGENERATES WHO TOOK PAY TO LIE TO INNOCENT PEOPLE. \\"MIND YOUR OWN FUCKING BUSINESS AND SIT THE FUCK DOWN\\"](https://preview.redd.it/78il2spwm9u61.png?width=1000&format=png&auto=webp&s=ce90ef54add80caf0b06a2a87230392a7a01b8cb) + +I believe in you apes. Together we really can make the world a better place. +**Don't let wicked people tell you how.** +Thank you for your time and consideration, see you for the next post, apes. Gibbon out. +I recently sold $1.2m in shares, leaving me with a $160k CGT bill due in 2022. I made this sale because my risk profile was too high, so am diversifying into property - namely a house to live in. + +Now, I could just pay the $160k in tax next year and say goodbye to it. Or, I could take $160k out of the cash I've now got, and punt on relatively risky shares like those often mentioned here. If every share tanks, my CGT bill is wiped. If they do well, I have enough money to pay the CGT bill, plus a profit (which obviously would have its own CGT bill, but at least I'd make some money). + +Am I missing something here? Neither my accountant nor financial advisor suggested this, and I'm a total novice when it comes to money, so I'm sure I must be missing something here. I realise I am missing out on the opportunity cost of that $160k, which I'm guesstimating at $16k if I was to put all of the $160k into my new property or an index fund. But I'm much more willing to gamble on the opportunity cost loss than have a 100% guranteed $160k tax bill. + +Hit me with your thoughts on what an absolute fucking retard I am. +**In the first stage of an upward market**—one that has been down awhile and that nobody expects to rise again—people aren’t talking about stocks. In fact, if they lumber up to ask me what I do for a living, and I answer, “I manage an equity mutual fund,” they nod politely and wander away. + +If they don’t wander away, then they quickly change the subject to the Celtics game, the upcoming elections, or the weather. Soon they are talking to a nearby dentist about plaque. + +When ten people would rather talk to a dentist about plaque than to the manager of an equity mutual fund about stocks, it’s likely that the market is about to turn up. + +**In stage two**, after I’ve confessed what I do for a living, the new acquaintances linger a bit longer—perhaps long enough to tell me how risky the stock market is—before they move over to talk to the dentist. The cocktail party talk is still more about plaque than about stocks. The market’s up 15 percent from stage one, but few are paying attention. + +**In stage three**, with the market up 30 percent from stage one, a crowd of interested parties ignores the dentist and circles around me all evening. A succession of enthusiastic individuals takes me aside to ask what stocks they should buy. + +Even the dentist is asking me what stocks he should buy. + +Everybody at the party has put money into one issue or another, and they’re all discussing what’s happened. + +**In stage four,** once again they’re crowded around me—but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble. + +&#x200B; + +Excerpt from *One Up on Wall Street* by Peter Lynch. +Hi everyone, + +I work as a PM at a large tech company and as part of my job it's important for me to understand major technology trends and tech companies. I put this post together to share some key takeaways I had from looking at Airbnb's S-1 filing. If you found this post valuable and would like to read more please let me know. I'm thinking about writing like this more often if it's something people get value from. Thanks + +On Monday November 16th, Airbnb filed to go public. While a target IPO price has not yet been set, Airbnb looks to be aiming to raise about $3 billion dollars at an analyst-estimated valuation of $30 billion. This is up from Airbnb's most recent valuation of $18.1 billion in April of this year when it raised a total of $2 billion in debt to cope with the Covid-19 crisis. + +Airbnb is a remarkable company. What started in 2007 as 2 friends renting out airbeds in their apartment to attendees of a conference has, 13 years later, grown into a company operating in 220 countries with over 4 million hosts who have cumulatively earned over $110 billion. In 2019, there were 327 million nights and experiences booked on Airbnb. Nobody could have predicted those numbers in 2007. Airbnb has defined a brand new travel category and become a standard part of our vocabulary, much like Zoom. As they state in their S-1: + +>*" “Airbnb” has become synonymous with one-of-a-kind travel on a global scale."* + +But, while Airbnb is clearly a remarkable company, is it a good investment? That’s the question that this post aims to answer. Here are some key takeaways from an analysis of Airbnb’s recent S-1 filing: + +(\****Note:*** *In case you’re wondering, an S-1 is the document that a companies files with the SEC when they plan to go public)* + +1. Airbnb is a resilient business + +The Covid-19 pandemic has had a huge impact on Airbnb’s business. Gross booking value (GBV) in March was down 127%. Due to cancellations and alterations, Airbnb actually lost money on bookings in March. However by August, GBV was only down 14% when compared to August 2019. This impressive recovery shows how strong Airbnb’s business is. + +For the 9 months ending September 2020, Airbnb posted a revenue drop of 32% when compared with the first 9 months of 2019. While this is a concern, the cut to sales and marketing expenditure at the same time points to a business that is quite resilient - In the same time period that revenue dropped by 32%, Airbnb cut its sales and marketing spend by a massive 54%. The ability to cut sales and marketing spend by over half while only having a revenue drop of 32% (in the middle of a pandemic) points to a business that is highly resilient with strong brand and customer loyalty. + +2. Post-Covid travel patterns may benefit Airbnb + +If we compare the gross nights and experiences booked on Airbnb to Airbnb’s gross booking value (GBV), we see an interesting pattern. Gross bookings in August are down 28% YoY while GBV is only down 14%. This means that the average spend on an individual booking has actually trended up this year! To further validate this point, long-term stays were down only 13% this year, compared to 81% for short-term stays. There was actually YoY growth for long-term stays from May to September. The importance of long-term stays is highlighted by the quote below: + +>*“We believe the long-term stays category represents a different use case than leisure travel, and as a result, was not as impacted as dramatically by COVID-19.”* + +Long-term stays are a distinct competitive advantage for Airbnb and if trends continue they could drive a lot of long-term growth. + +Airbnb has also highlighted a number of other categories that have performed particularly well this year. In particular, ‘domestic travel’, ‘short-distance travel’ and ‘travel outside top 20 cities’ have performed very well. For example, short-distance travel grew a whopping 38% YoY in September. + +No doubt these trends will reverse somewhat as we exit the pandemic. However, it is unlikely they will reverse fully. If these trends maintain decent momentum, they represent a shift in travel patterns that uniquely benefits Airbnb and provides a significant competitive advantage. + +3. Strong customer retention and brand loyalty + +One of the most striking figures from the S-1 is that 91% of Airbnb’s traffic is organic, coming from direct and unpaid channels. This is very impressive. Airbnb has built an incredible brand and clearly has strong brand loyalty. + +>*“Our strategy is to increase brand marketing and use the strength of our brand to attract more guests via direct or unpaid channels and to decrease our performance marketing spend relative to 2019.”* + +Customer engagement and retention are also impressively high on the platform. In 2019, 68% of guests left a review of their stay. 69% of revenue generate in 2019 was from repeat guests. + +Airbnb also has very strong retention among their host community. In 2019, 84% of revenue came from people who had hosted in 2018. This shows that the majority of hosts are staying on the platform and continuing to earn money through Airbnb. + +4. International expansion is a big opportunity + +Airbnb’s revenue growth has slowed over the last three years. It grew by 32% in 2019, down from 43% in 2018. While slowed growth is never great, 32% is quite healthy. + +It remains to be seen what the impacts of Covid-19 will be on growth over the next few years. However, there seem to be big opportunities for international expansion which would allow Airbnb to maintain (and possibly improve) its growth rate. + +Airbnb believes that its total addressable market is a whopping $3.4 trillion. While you can always take these predictions with a grain of salt, it is clear that Airbnb believes that a big part of this market opportunity lies outside the US and Europe. They highlight international expansion as a key part of their long-term growth strategy: + +>\*“\****Expand our global network.*** *We plan to expand our global network in the countries in which we already have a deep presence, as well as to expand into markets where our penetration is lower, such as India, China, Latin America, Southeast Asia, and tens of thousands of smaller markets and remote areas around the world.”* + +There are some encouraging signs that Airbnb has the potential to grow their international markets. They operate in 220 countries and importantly, 86% of their hosts are outside the US. International markets have also seen an increase in GBV and average nights per booking. In fact, Latin America has the highest average nights per booking of any region, at 4.1 nights. (North America is 3.7) + +The strong customer loyalty previously mentioned, significant host presence in international markets (86%) and changing consumption patterns towards longer stays means that Airbnb has the potential to unlock a lot of value as they focus on international markets. + +5. Regulation is a big concern + +Regulation is a big risk for Airbnb. 70% of the company’s top 200 largest cities (by revenue) have implemented some form of regulation on short-term stays. For example, London has put a 90 nights per year limit on short term stays for properties without specific planning permission to do so. + +Airbnb make it clear in the S-1 that the evolving regulatory situation is a cause for concern: + +>*“We are subject to a wide variety of complex, evolving, and sometimes inconsistent and ambiguous laws and regulations that may adversely impact our operations and discourage hosts and guests from using our platform, and that could cause us to incur significant liabilities including fines and criminal penalties, which could have a material adverse effect on our business, results of operations, and financial condition.”* + +Airbnb makes sure to point out that they are not dependant on any one city, region or country. For example, the US is the only country that represents over 10% of Airbnb’s revenue. While this may be true, the evolving regulatory environment does not seem to be going in Airbnb’s favour. + +Investment Plan + +*Please note that this is just an explanation of investing decisions for my personal portfolio and not a recommendation to anyone to buy/sell any stock.* + +To make a decision on whether or not to invest in Airbnb, I believe there are 3 important questions to answer: + +1. Does Airbnb have good upside potential? +2. What year should conclusions be based on? +3. What is a fair valuation? +4. Does Airbnb have good upside potential? + +Although there are regulatory concerns, based on the above analysis I believe that Airbnb has strong upside potential. + +2. What year should conclusions be based on? + +The Airbnb S-1 is primarily focused on 2019 numbers. Airbnb believes that 2019 figures are the fairest reflection of the strength of the business. They believe that 2020 is a highly irregular year and that the company will rebound quickly post-covid. Investors should come up with their own conclusion on that but I agree with Airbnb that 2019 is a fair reflection of the business. + +3. What is a fair valuation for Airbnb? + +This is where things get tricky. In some ways, Airbnb doesn’t have any direct competitors to compare against. They are similar to both OTAs (online travel agents) and hotel chains like Hilton but obviously quite different in a number of ways too. + +In my opinion, an interesting comparison is with Uber. While not exactly the same, Airbnb and Uber have a lot of similarities. They are both semi-marketplaces (Airbnb is closer to a true marketplace). Uber connects drivers with riders while Airbnb connects hosts with guests. They have a similar business model in that they both take a % of each transaction on their platform. + +Obviously there are quite a few differences. In particular, Uber drivers are far more commoditised than Airbnb hosts. Uber also has more direct competition (Lyft). + +Looking at 2019 figures for the fairest comparison, Uber is currently priced at roughly 6.33 times 2019 revenue. If we go with the analyst expected valuation of $30 billion, Airbnb would be valued at roughly 6 times 2019 revenue. Uber grew revenue 26% YoY in 2019 while Airbnb grew 32%. + +With all of this in mind and particularly considering that Uber’s model is less defensible, I believe that the analyst-estimated $30 billion valuation represents a very good price for Airbnb. + +What’s my plan? + +My plan is to wait and see what happens on IPO day. If analysts are wrong and the stock pops above $40/50 billion, I won’t be purchasing and will wait to see what Airbnb’s performance is like over the next few months. If the stock settles at or below $30 billion, then I will definitely be adding it to my portfolio. + +What’s your plan? + +Are you considering investing in Airbnb? What did you think of my analysis above? Anything I missed? Let me know your thoughts. + +And please let me know if you found this post valuable and would like to read more. Thanks +Hi PF fam. I am closing on a house to buy in California. We agreed to a 120-day rent-back for the current owners as they're going to be moving across country and needed some time. It was the reason we out-bid other interested parties! Since we are month to month in our current home we had no issue with it and considered it a closing cost of sorts. + +With one week left in Escrow, our loan agent noticed the lease and said "hey, you can't get a residential loan and not live in the property. Move in within 60 days of sale or unfortunately this loan is void". The current sellers already made it clear they don't want to move out earlier. So here seem to be my options + +1) I pay a "lock in fee" to keep our amazing mortgage rate and push back the closing date (this could cost upwards of $5k I'm told) + +2) we push back on both our real estate agent and theirs, letting them know they should have known about the 60-day law, not us, and ask them to cover the costs of the lock in fee via payback of % of their respective commissions + +3) we let the seller back out of bequeathing us our dream home. + +4) we start all over and apply for an investment loan at a higher rate, then quickly refinance when we move in 4 months later I guess? + +So my first question for the group is, am I missing another option? + +My second question is, "amitheasshole" if we go with #2? + +Lastly, what's the actual penalty if we let them just live there for 60 days longer than we are legally allowed to? If someone comes by to confirm we're in the property and we're not, are we talking a fine? Proof that we are moving in? + +Thanks for your time and attention. + +Edit: thank you, all, for your advice! We will be pushing back closing as a resolution to this fiasco to make just a 30-day rentback. Big lessons learned for all involved. +Steve Huffman, CEO of Reddit called TikTok "fundamentally parasitic" and he's not wrong: + +> "Because I look at that app as so fundamentally parasitic, that it’s always listening, the fingerprinting technology they use is truly terrifying, and I could not bring myself to install an app like that on my phone." +> "I actively tell people, 'Don’t install that spyware on your phone,'" he later added. + +And it's not hard to see why. This is their privacy policy: + +> "Device Information +We collect certain information about the device you use to access the Platform, such as your IP address, user agent, mobile carrier, time zone settings, identifiers for advertising purposes, model of your device, the device system, network type, device IDs, your screen resolution and operating system, app and file names and types, keystroke patterns or rhythms, battery state, audio settings and connected audio devices. Where you log-in from multiple devices, we will be able to use your profile information to identify your activity across devices. We may also associate you with information collected from devices other than those you use to log-in to the Platform." + +And also TikTok is owned by ByteDance which is a Chinese company. ByteDance started out as a wonderful company and has lots of talented engineers **but they are still a Chinese company**. Lots of people don't know that when TikTok got popular the communist party forced the ByteDance founder to step down so they could replace him with a puppet. The communist party forced byte dance to appoint a government (communist party) board member to the company too. They are headquartered in Beijing and have many business and personal relationships with the government there. And even if this weren't true, china has laws where they can quite literally force any company to do anything they want "for the nation" (aka for the dictatorship...). + +Think about that next time you use TikTok. All your data is most likely going right to china to data farm, and all the content you see on TikTok is the content Beijing wants you to see. That our _enemy_ and the enemy of freedom wants you to see. + +Then there's also the [censorship issue](https://en.wikipedia.org/wiki/Censorship_on_TikTok) where TikTok censors tons of things: + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> On 27 November 2019, TikTok temporarily suspended the account of 17-year-old Afghan-American user Feroza Aziz after she posted a video (disguised as a makeup tutorial) which drew attention to the aforementioned Xinjiang internment camps. + +They also for some weird reason ban different videos about LGBT folks and a TikTok employee said their puppet masters in china told them to do so: + +> American former employees of TikTok reported to The Washington Post that final decisions to remove content were made by parent company employees in Beijing. + +So just to recap: + +1. this companies privacy policy says "we track everything you do +2. this company is controlled by a communist evil country currently committing a genocide, who has invaded a democratic Hong Kong already and will invade Taiwan +3. who supports mass censorship of opinions they dont like + +HMMMMM + +So if you think Facebook is bad (they are!) then I hope you _REALLY FUCKING HATE_ TikTok too because they are complete and utter trash and they run COMPLETELY OPPOSITE to the anti-censorship and financial freedom ideals we have in the crypto and decentralization space. +After watching BEP.UN for over two years I finally pulled the trigger & got in at around $47.70. I think it will a great addition to my dividend portfolio as it has a large portfolio of renewable assets from around the world & currently pays a yield of around 3.15%. + +I still think BEP.UN may a slightly over valued however its down over 22% from its highs. Im planning on holding forever. Who else is bullish on BEP.UN? + +Super stoked to finally own this stock! +We’re thinking of moving our child who is currently in kindergarten at a private school to start year 1 next year at the local public school. We live in a working class area in Western Sydney. Although the local school doesn’t have a “bad” reputation, our catchment area has a few blocks of housing commission homes. We can afford to pay his fees for now, but have another child on the way and definitely noticed the mortgage repayments have gone up since our fixed term has ended. We also always have the thought in the back of our mind that the $15k we spend on fees per year could be better spent on family holidays and experiences outside of school, and putting more toward investing for their future. Has anyone else moved their kids from private to public? Do they regret it? +Think about it. Hedgies will have backup plans to their backup plans. Let's say you're a hedgie and you've failed at plan A (stop moass). So now moass is happening and you're fucked. What's plan B? + +Plan B is to mitigate losses. + +So then, how do we think they will do this? + +They'll deploy their shill army to try and get people to sell early. Induce some fomo by making posts like "Ohh I'm so happy! I sold at $500 and bought a Lambo!" with the intention to get paper hands to fold early. + +So, I propose that we ban all of these posts until a certain set of requirements have been met. At the very least, I think that the ape community should unanimously agree that moass is over for at least one month. Or maybe the price is $1 trillion or something ridiculous. + +Ape strong together. Buy, hold, drs! +Since Thursday, I have seen more inexcusable garbage posted here than ever before: + +-A ‘Retard’ meme with a background pic of someone with developmental disabilities. No. Our use of the word is self deprecating. We make fun of ourselves. + +-Multiple BCG Posts calling out anyone that ever worked there, doxxing and implying threats. + +-Now today a meme with KKK gear in a pic?! Saying don’t fuck with GME? + +Everyone check yourselves. + +Context is important. And so are narratives. + +Edit: We’re all pissed at Wall Street. No excuse to lose decorum. Let’s keep it classy San Diego…and let the narrative be the truth-Wall Street lost this trade fair and square. Keep that perspective before you post anything. + +And if you need to figure out the nuances in any aspect of any of this, we’re here to help. For example, aside from just simple decency, do you think RC wants his brand to be this type of shit? The kind of narratives created above will tank the stock faster than ‘a’ Led Zeppelin went down in flames…and faster than the titanic going down in an iceberg slalom course… +A rental in my hometown was demolished as the police tried to "flush out" a criminal that was in a 24 hour standoff/shootout with them. Looks like they attempted it with a wrecking ball. + +https://www.mlive.com/news/kalamazoo/2021/11/shooting-suspect-in-police-standoff-in-kalamazoo-confirmed-dead-24-hours-after-standoff-began.html + +Hi fellow Apes! + +A lot of FUD has been shared around the 'low' vote count; this needs to be rectified! 🙂 A bit of visible frustration in the livestream as well! + +*The vote was never going to be higher than the float:* + +https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm + +(clipout) - - > +"*How can these issues [over-voting] be addressed, and at what cost or consequence?* + +Background: Generally broker-dealers attempt to address the over-vote/under-vote situation by implementing of one of three reconciliation methods: (1) “post-mailing reconciliation”; (2) “pre-mailing reconciliation”; or (3) a hybrid process of both post-mailing and pre-mailing reconciliation. + +Post-mailing reconciliation (post-reconciliation) is a process whereby the data is reconciled to accommodate an over-vote situation after the broker-dealer’s customers have submitted their votes. If the broker-dealer votes in excess of its position at DTC, the broker-dealer will reconcile or adjust the number of votes to correspond to its DTC position." + +TL;DR: vote counts are adjusted BY THE BROKERS to be within normal parameters if over-voting occurs. + + +... so there you have it. Tits should still be jacked!! Mine are 😅 💎👐=🚀 🚀 🚀 +My parents are in their early 70s and each time I visit them for the holidays it's clear they need more help around the house and medical costs continue to rise. Their medicine cabinet looks like a wallgreen's. My father, who still exercising every day, can't mow the lawn anymore, shovel snow, rake leaves, etc. My mother can no longer clean the house and any other higher effort housing choirs. They need to pay for all these services. My parents are very smart about keeping their costs low - they eat 99% of meals at home, typically don't buy things they don't need, etc but medical expenses alone eat up their savings. Let's not forget about dental. My mom's dental bills are insane with her having to fix crowns, caps, bridges, etc. Perhaps she is an outlier, but last year alone my sister and I paid for her $3k outstanding dental balance. I understand a lot of these service expenses can be mitigated based on where you live and the type of housing you choose, but I don't think we can ignore medical costs. I don't have exact figures, but wanted to share this more as a thought exercise to see what folks were planning or those that have FI/RE are doing. +So I’m new to investing and I have studied corporate finance/ Financial management but I can’t understand how to use that knowledge for picking up good stocks. So if any industry veterans or active market participants can share their insights on various methods and techniques that they use to pick value stocks and explain them a bit (conventional or not) it would be of great help. +Hi! +We've been through the red market now with the price for ETH $84 [https://coin360.com/coin/ethereum](https://coin360.com/coin/ethereum) and the green one back in December 2017 [https://coin360.com/coin/ethereum?period=\[1513577993000%2C1513588793000\]](https://coin360.com/coin/ethereum?period=[1513577993000%2C1513588793000]) +After all this stuff do you believe that cryptocurrency and the blockchain technology is our future? + + +[View Poll](https://www.reddit.com/poll/a3ypz3) +I moved to North Africa a few months ago. My husband is Moroccan and had no real conceptions about the US beyond the land of opportunity, good economy, California, etc. He's still never visited the United States (he comes from a country where it's ridiculously hard to get a tourist visa so he hasn't even been able to meet my family) but I've tried to explain to him the reality: challenging working conditions, low wages, high costs of living, alienation, and isolation, etc. He gets it, but he doesn't *really* get it. I mean, *it's America, it can't be that bad.* + +Keep in mind that we currently live in a country where the average monthly wage is $200 (that is, if you can find a job). So it's not like I tried to lay it on thick when I've explained American poverty. We both grew up very poor but in very different environments. While I've tried to explain the realities of living poor in the US, I didn't really find it too necessary to bemoan my circumstances of food insecurity, occasional homelessness, single-parent household, blah blah. His level of poverty was objectively harder than mine and I don't particularly want to dwell on the past. It's not like we're competing to see "who can be the poorest". + +Anyway, my husband was watching a documentary today about poverty in America (I have no idea why) and he was shocked. He was like "did you know people live in their cars?" And I was like, "yeah we lived in a van from when I was 8 until I was like 10." He was like "this is unbelievable, poverty in the US is crazy". He couldn't fathom it. Food prices, work-til-death culture, and the homelessness was very alarming for him. + +It's wild how America actually is compared to how the rest of the world thinks of it. I think the truth is starting to get out about the realities of living in the states, but America was NEVER the land of opportunity for the poor. It isn't and truly never was. + +One major difference between here and there are social safety nets. Families take care of one another here in Morocco. People take care of the poor, and despite pretty much zero social programs, I never really see homeless people here. It's very hard to get ahead here financially, but you're never destitute and discarded like trash by your community if you lose your job or get sick. Your worth and identity aren't tied to your job in the same way that it is in the US, and that identity isn't exploited to steal your entire life from you, day by day. + +There are some things that are absolutely 100% better about the United States, I'm not going to sit here and pretend like there aren't far more financial opportunities there than there are in other countries (but those are *opportunities*, not *guarantees*). Even just the freedom of movement and travel that a US passport provides is a truly humanizing thing that many, many countries don't have. But I really think the dissatisfaction people feel with developing countries would dissipate, even just a little bit, if they really understood how the average American is living and how most Americans carry around the constant, crushing fear of losing everything at all times. +My credit score has been garbage since I was 18 due to medical bills and my own ignorance. I’ve been living on edge for over 10 years because I knew if my car crapped out, I would be screwed because there was no way I was ever going to qualify for a loan and I couldn’t save any money because I made so little. After YEARS, of working on my credit score and busting my ass to land the job I have now, I have officially bought my own car all by myself. I was shaking when I drove off. I’m still in disbelief. I never thought this day would come but it has and I am so grateful to this sub and all the tips you’ve provided. IT GETS BETTER! + +Edit: I just want to say thank you to everyone who has commented and been supportive and uplifting about this moment that I am very proud of in my life. You guys are the reason this sub works and it’s important we all support each other and help share ours successes and failures. + +As for all of you that have felt the need to criticize my car choice or that I had to use a loan for the vehicle, this isn’t r/personalfinance or r/leanfire this is r/povertyfinance. This is where you try and get afloat so you can reach the next level and that’s exactly what I’m doing. I’ve been spent years working to get to this moment so I obviously planned it out and reviewed all the risks. Why would I do something that would make my life worse? + +If you see someone on here who wants to be happy about their successes, just let them. Your negativity is exactly why people like us sometimes feel we can’t get better. +Article from Bloomberg. + +You don’t need to feel too sorry for Jamie Dimon, the chief executive officer of JPMorgan Chase & Co., the largest bank in the U.S. by assets and the largest in the world by trading and fee revenue. But it’s easy to see why he might be miffed at the Federal Reserve at the moment.  + +On March 19, the Fed [announced](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210319b.htm) that a temporary regulatory break for banks will expire as scheduled on March 31. Dimon had told investment analysts in January that if the break went away, his bank would have a financial incentive to turn away deposits, as it has done in the past (for large institutional deposits, that is; the bank still likes retail deposits, which tend to be sticky and produce other banking business). + +Here’s a snippet from the Jan. 15 earnings call as I transcribed it from Bloomberg’s recording: + +*Dimon* +*Remember, we were able to reduce deposits $200 billion within like months last time.* + +*Jennifer Piepszak, chief financial officer* +*Yeah.* + +*Dimon* +*But we don't want to do it. It’s very customer unfriendly to say, “Please take your deposits elsewhere ….”* + +It’s common for Jamie Dimon to complain about “gold-plated” banking regulation, but in this case he seems to have a point. A Fed regulation that makes it unprofitable for banks to take in deposits—when taking in deposits has always been a key function of banks—is a bit hard to justify. + +How we got to this point is complicated but interesting. The old style of bank regulation was to limit the leverage of banks. It was analogous to how banks themselves require homebuyers to have some skin in the game. Homebuyers have to put in some of their own money so the mortgage loan  they get is smaller than the value of the house they’re purchasing. That way if the homeowner stops making payments, the bank can seize the house, sell it, and get back what it lent. Similarly, under simple leverage regulation, banks had to show that the value of their assets (such as the loans they make and cash in the vault) was substantially greater than their liabilities (such as the deposits they take in, which is money they owe to the depositors). Roughly speaking, the excess of assets over liabilities was called capital. + +But that simple system failed. Banks can make more money by going big on risky assets like high-interest loans than by investing in safe, low-yielding stuff like Treasury securities. And as long as regulators treated all assets alike, it made sense to load up on risky ones. But risky assets are more likely to go bust, so regulators wisely started taking the safety of different assets into account. It was a big improvement but not perfect: Some banks understated the riskiness of their assets, which became a problem in the global financial crisis of 2008-09. For instance, some banks loaded up on the debt of their national governments because it was given a zero risk-weighting, when in fact it was highly risky. + +The new system is belt and suspenders. The belt is risk-weighted capital regulation, under which riskier assets require a bank to have more capital against them, while very safe assets require little or none. There’s also a backup system—the suspenders—where all assets are treated alike, just as in the old days. This is called the supplementary leverage ratio. It was agreed to by a wide range of nations under the auspices of the Bank for International Settlements and took effect in 2018. The SLR is meant to deal with situations where a bank has loads of assets that aren’t as safe as they’re said to be. + +The suspenders are supposed to hang loose most of the time while the belt does the real work of holding up the pants, so to speak. In last year’s Covid-19 recession, though, banks suddenly got flooded with more assets than they could handle. The Fed bought Treasuries to drive down interest rates and paid for them by creating reserves, which show up as assets on banks’ balance sheets. Businesses drew down lines of credit and deposited the proceeds in banks. Consumers’ bank accounts were swollen by government relief checks. Demand for consumer and business loans was weak so banks stashed most of the incoming money in Treasury securities or left it in cash. (Funds from customers are both an asset to the bank, because they can invest the money, and a liability, because they have to return it some day.)  + +Suddenly the suspenders weren’t so loose anymore. Without even trying, banks had acquired a lot more assets on their balance sheet. Most were super-safe, but the supplementary leverage ratio applied equally to every dollar of them, regardless of their safety.  + + +Realizing there was a problem, the Federal Reserve and other federal bank regulators in May 2020 exempted Treasuries and reserves at the Fed from the calculation of the supplementary leverage ratio. Not permanently, but through March 31, 2021. It said the exemption “will provide flexibility to certain depository institutions to expand their balance sheets in order to provide credit to households and businesses in light of the challenges arising from the coronavirus response.” + +This year banks lobbied vigorously for the exemption to be extended or even made permanent but, as mentioned above, on March 19 the Fed said without explanation that the exemption would end at the end of this month. + +What happens now? Nothing right away. Banks have more capital than they need so they won’t have to shed assets starting April 1. Zoltan Pozsar, an analyst at Credit Suisse Group AG, wrote in a [note](https://plus.credit-suisse.com/rpc4/ravDocView?docid=V7qjPE2AN-VHSK) to clients on March 16, ahead of the Fed announcement, that “Neither the Fed nor the market should fear mayhem if the exemption expires.” One key reason, he said, is that the major banks won’t be affected by the expiring exemption because they never opted into it in the first place for their operating subsidiaries. And, he wrote, 90% of the currently exempt Treasuries and Fed reserves are being held at the operating subsidiary level.  + +In the longer run, though, there could be problems. Pozsar wasn’t quite as blithe when he discussed the supplementary leverage ratio on the Odd Lots podcast [aired](https://www.bloomberg.com/news/audio/2021-03-03/zoltan-pozsar-on-what-just-happened-in-treasuries-podcast?sref=AMvrlaMu) by Bloomberg on March 3. If banks like JPMorgan Chase push away institutional deposits by charging fees or putting on negative interest rates, the money will spill into money market funds, he predicted. But money market funds won’t have any good place to put the money either, he said. If they pour into Treasury bills, they could push the bill yields negative. But money market funds can’t afford to earn negative returns because they promise to pay back investors 100 cents on the dollar. + +Pozsar said the Fed system could assist by allowing money market funds to stash more money with it through overnight reverse repurchase agreements. The Federal Reserve Bank of New York did just that two weeks later, [announcing](https://www.newyorkfed.org/markets/opolicy/operating_policy_210317) on March 17 that it would allow each of its counterparties to do overnight reverse repos of $80 billion a day, up from $30 billion previously. Pozsar, who used to work for the New York Fed, [called](https://www.bloomberg.com/news/articles/2021-03-17/powell-stays-silent-on-extending-fed-s-capital-relief-for-banks?sref=AMvrlaMu) that “foaming the runway” for the March 31 expiration of the supplementary leverage ratio exemption. + +In 2014, when the supplementary leverage ratio was under discussion, Fed staff predicted \[[PDF](https://www.federalreserve.gov/mediacenter/files/open-board-meeting-transcript-20140409.pdf)\] that the impact of the enhanced version of the ratio on the biggest banks would be modest because, after all, the Fed was about to start shrinking its balance sheet. In reality the balance sheet is bigger than ever now and still growing. As the Fed continues to buy Treasuries and mortgage bonds and pays for them with reserves, banks’ assets will continue to swell and eventually the supplementary leverage ratio could become the “binding constraint” on the banks’ behavior; the suspenders will become tight. That would be a return to the bad old days.  + +Some of the resistance to keeping the leverage exemption in place past March 31 is based on concerns that banks need bigger safety buffers. That’s a legitimate concern. But the question of how much capital banks need is separate from the question of how those capital levels should be determined. There area actually four ways of setting capital—risk-weighted capital, supplementary leverage ratio, post-stress estimate of risk-weighted capital, and post-stress estimate of supplementary leverage ratio. That ends up causing confusion and treating banks differently when they’re engaged in the same activities. + +It’s “not clear you can fix the gaming of one rule by adding more rules,” says a 2017 presentation \[[PDF](https://www.brookings.edu/wp-content/uploads/2017/09/6a_stein.pdf)\] by Robin Greenwood, Sam Hanson, Jeremy Stein, and Adi Sunderam of Harvard University and the National Bureau of Economic Research for a *Brookings Papers on Economic Activity* conference. Their preference: A single standard that takes into account stressful scenarios and is “generally more sensitive to the kinds of data that you wouldn’t want to bake into a hard rule.” + +The Fed may end up having more to say about this. +I think hedgefunds finally realized this is their losing battle. In teaming up with Fidelity to create 12 million extra shares for them to short, I bet they gobbled up all 12 million, and have been using that with any new shares available in the past weeks to drop the price from $250 to $140, as a final “Hail Mary” attempt to minimize their loses. Once hedgefunds see apes buying up the shares, and DRSing them, hedgefunds will all out blitz and fight one another to cover first. This drop shouldn’t faze you, it does not faze me. I’ve seen this happed for the fourth time now. + +💎🙌🦍 buy, hold, HODL, DRS, buckle up. Just know you are not the only one buying. I buy shares weekly, and with payday coming this Wednesday, I will buy more. + +Happy Holidays RC, DFV, apes 🚀🚀 +A - It's embarrassing how quickly this FUD spreads around the crypto circles. This stupid bill has been up since May 25th. It hasn't even been voted on. And even when it is voted on, the language of the bill changes nothing for your average crypto user. + +The only reason anyone is talking about this is because ZeroHedge decided to run an irresponsible article without context. + +B - Regulate digital currency? They'd have to turn off the internet. All I need to transfer bitcoin is to give someone the private key. I can text it to them. I can read it over the phone. I can hand them a slip of paper. The government can only realistically slow down fiat transfers on exchanges. + +And in that unlikely scenario, I welcome our new crypto economy. + +Everyone needs to chill the fuck out. This is embarrassing. + +(Extra embarrassing that the mods stickied this bullshit in the first place) + +------------------------------------------- + +Edit: Mods removed the stickied post. Which was smart. + +For clarification: this isn't commentary on the price dip - the market is the market. This is regarding the wildfire of crazy unsubstantiated theories about government regulation that lit this place up in the early hours of the morning. Yes, crypto loves rumors, but this one was stupidly easy to disprove. +Thanks to ER10years_throwaway for this invite. I was a financial advisor for 25 years, now retired, but still expanding my research into safe withdrawals from retirement portfolios. I am eager to share my thoughts with you, so please bring on the questions. Caveat: I can't answer questions specific to a particular person's financial situation, as I am no longer a practicing financial planner or investment advisor. Hope to hear from you. I'll start answering questions at noon eastern on Tuesday, 8/21. + +Folks, I believe I have answered all outstanding questions. I thank you all for the courtesies extended me, and I hope you have found my replies useful. Signing off for now, hope to join you again. Best regards, Bill Bengen +Hi all: + +Just wondering what are some theories behind what is best to begin my real estate investing journey? I have enough to begin investing in a property but what is the best type to begin with? +Not see anyone share this yet. Santander have a new 2.75% easy access account available with unlimited withdrawals. + +Anyone who's still sticking with Chase at 1.5%, it's time to move! + +Apparently the account is only available until 1 November 2022 and could sell out sooner, so I'd suggest opening an account soon if you're interested. + +Full info here - [https://www.santander.co.uk/personal/savings-and-investments/savings/esaver](https://www.santander.co.uk/personal/savings-and-investments/savings/esaver) +We are being bent over by 10 shills with 5 accounts each because THEY sort by new and downvote every post worth looking at. + +Remember BCG? Do YOU? + +Because nothing about BCG will come out if YOU DONT SORT BY NEW. + +YOU think the CFO of BBBY jumping out his fucking window isnt related to GME? + +YOU think Evergrande isnt related to GME? + +YOU think the Treasury Bond market isnt related to GME? + +YOU think nobody should be allowed to talk about it? + +IF I found PROOF of where the shorts were hidden YOU WOULDNT FUCKING KNOW BECAUSE YOU DONT SORT BY NEW + +and some fucking shill named BIFF just clicked the downvote button 5 fucking times.. + +This is HOW they win + +You have beef with the most influential and powerful people in the world and they + +can win by clipping off the fruit at the vine before the sun comes up. + +You cant pick a fight with the biggest financial institutions in the world and expect everything to be spoonfed to you like a baby. + +I have been called a shill, clout chaser, karma whore - but they are all wrong, + +I am a DRSd APE and RC is my father + +DO YOUR FUCKING DUTY + +**SORT BY NEW EVERY TIME YOU TAKE A SHIT** + +**BUY+HOL+DRS+RESEARCH+VOTE IN NEW** + +SHILLS CANT SUCK MY NUTS +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +Hi, + +I have been trading on and off for the last 5 months since I turned 18, made a quick profit and then decided to call to quits when I ran into losses. I am starting back up with the mindset of 6 wins + 4 losses and I am fine. My SLs should be no more than 150 pips below my entry and my TP should be no more than 200 pips above my entry. I aim to work by scalping on major currency pairs such as the GBP USD as I am English - so I understand how traders react to news on the GBP side of the pair. + +Does anyone have any key strategies they use to help them succeed more often than not - I am looking at Fibonacci, but not currently trading with it and I can only call a trade 40% of the time. I am struggling to understand other strategies and it would be very helpful to have some help in understanding how to trade with other strategies. Thank you :) + +Also, I have purchased Forex courses and they were a complete waste of my money which I could have invested into my trading account. + +Have a nice day, + +Luke + + +**✨🐱 It's almost time for the EPIC launch of PROJECT ONYX 🐱✨** + +**🔥🔥 Project Onyx is all set to launch on 17th November @ 8 PM UTC 🔥🔥** + +**Just to give you guys a taste of the massive HYPE surrounding this project -** + +**🏆Private sale of 250 BNB filled rapidly with zero marketing!** + +**🏆Presale of 750 BNB Hardcap filled in a few seconds!** + +**🏆Doxxed and Based devs who have handled several successful crypto Projects!** + +**🏆Audited by desert finance, the contract is SAFU!** + +**🏆Team tokens are locked and vested!** + +**🏆Anti-Snipe measures (99%tax for first few blocks) & anti-whale measures (0.5% of total supply set as max buy)** + +**👀If you are new to Project Onyx, here's some brief information to get you up to speed👀** + +**🎮Onyx in its final form will be an open-world game with a vast expanse of 7 continents, all of which will be developed in Unreal Engine 4 with cutting edge graphics.** + +**🎮The game will feature a multitude of NFTs ranging from playable characters to wearable armours and usable inventory.** + +**The playable characters will be highly customisable with six different battle classes.** + +**🎮Players will navigate through missions to gain experience points and level up their characters to unlock playable areas and powerful weapons and armour.** + +**🎮To top it off and keep things interesting, the game will feature a variety of different modes.** + +**✅LATEST NEWS ON PROJECT ONYX** + +**⭐️PROJECT ONYX BACKSTORY -** [**https://onyxtoken.net/onyx-project-backstory/**](https://onyxtoken.net/onyx-project-backstory/) + +**⭐️A BRIEF INTRODUCTION OF THE TEAM -** [**https://onyxtoken.net/team-experience/**](https://onyxtoken.net/team-experience/) + +**⭐️IMPORTANT PRESALE INFO -** [**https://onyxtoken.net/important-presale-info/**](https://onyxtoken.net/important-presale-info/) + +**⭐️ Audit link :** [**https://dessertswap.finance/audits/Onyx%20BSC%20Audit%2012709879.pdf**](https://dessertswap.finance/audits/Onyx%20BSC%20Audit%2012709879.pdf) + +**OUR WEBSITE:** [**https://onyxtoken.net/**](https://onyxtoken.net/) + +**༄ Blackpaper -** [**https://onyxtoken.net/storage/2021/11/blackpaper.pdf**](https://onyxtoken.net/storage/2021/11/blackpaper.pdf) + +**SOCIAL MEDIA** + +[**Telegram**](https://t.me/ProjectOnyx) **||** [**Instagram**](https://instagram.com/onyx_token?utm_medium=copy_link)**||** [**Twitter**](https://twitter.com/OnyxTokenBSC) **||** [**Facebook**](https://www.facebook.com/Project-Onyx-105348621946501/) +**EDIT 3: THIS SHOULD BE TAKEN AS GOOD NEWS!!!** + +The initial concern was that GameStop sold a bunch of bonds that have the option to convert into shares of common stock. + +&#x200B; + +This means an owner of GameStop's bond can convert (under certain circumstances) into shares of GME to cover a large short position, without being traded on the market. + +&#x200B; + +I have been informed by a few people that they **do not have a currently have CONVERTIBLE BONDS** + +This would have been a VERY VERY SNEAKY way for short sellers to cover their asses without us knowing from the stock market. + +&#x200B; + +Thank you to u/the_captain_slog for digging into this! + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/tqofb90wn0s61.png?width=662&format=png&auto=webp&s=5a4d54d8f36cd000bf9e92313be855bf8ac5c6ed + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +ORIGINAL POST + +Can't believe I didn't think of this sooner.... + +u/the_captain_slog any help here? Know anything off the top of your head? + +A **convertible bond** is a fixed-income corporate **debt** security that yields interest payments, but can be converted into a predetermined number of common stock or equity shares. The conversion from the **bond** to stock can be done at certain times during the **bond's** life and is usually at the discretion of the bondholder. + +Anyone know a thing or two about the corporate bond market? Can we objectively calculate this exposure? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +## KEY TAKEAWAYS + +* **Convertible bonds are corporate bonds that can be exchanged for common stock in the issuing company.** +* **Companies issue convertible bonds to lower the coupon rate on debt and to delay dilution.** +* **A bond's conversion ratio determines how many shares an investor will get for it.** +* **Companies can force conversion of the bonds if the stock price is higher than if the bond were to be redeemed.** + +[**https://www.investopedia.com/investing/introduction-convertible-bonds/#:\~:text=Convertible%20bonds%20are%20corporate%20bonds%20that%20can%20be%20exchanged%20for,investor%20will%20get%20for%20it**](https://www.investopedia.com/investing/introduction-convertible-bonds/#:~:text=Convertible%20bonds%20are%20corporate%20bonds%20that%20can%20be%20exchanged%20for,investor%20will%20get%20for%20it)**.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +I know BlackRock is buying a sh\*t lod of corporate bonds because I incorrectly stated they were buying TBonds. Could literally mean a HUGE margin call through BlackRock when they convert those bonds. + +Wonder how many of those are convertible? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +EDIT 1: Or BlackRock and other bond holders could be converting them into shares and paying the HFs back. But they would be doing it outside of the market. + +Q: Wondering if these are the "blips" we see in AH trading? + +&#x200B; + +EDIT 2: + +[https://cbonds.com/bonds/209929/](https://cbonds.com/bonds/209929/) **GME International Market** + +**Volume** + +* Amount475,000,000 USD +* Outstanding amount173,178,000 USD + +https://preview.redd.it/gfzcbdjpe0s61.png?width=1172&format=png&auto=webp&s=7ce30690b82782c3871861016352a980d0966720 + +&#x200B; + +https://preview.redd.it/7s0bqmrgf0s61.png?width=1158&format=png&auto=webp&s=ba5c585c011b4b749bb99b90b70d40172a326c69 + +&#x200B; + +And another: [https://cbonds.com/bonds/757071/](https://cbonds.com/bonds/757071/) \- **GameStop International Market** + +**Volume** + +* Amount216,422,000 USD +* Outstanding amount216,422,000 USD +* Outstanding face value amount216,422,000 USD + +https://preview.redd.it/j3cijxkcg0s61.png?width=1157&format=png&auto=webp&s=8b8212f3cedebd9a239259878a90b647944bb1ba + +&#x200B; + +https://preview.redd.it/ti7xqcgmg0s61.png?width=1159&format=png&auto=webp&s=a33011d02ba7915888517e9af262efd0f82fba41 + +&#x200B; + +&#x200B; +Hi Everyone. 32 year old, 2 lpm salary, not very good in investments +here are my current investments, please let me know if any changes to be made or should i increase the SIP's amount? +ICICI Prudential Nifty Index Fund 3k index fund +Aditya Birla Sun Life Liquid Fund 5k dept liquid +UTI Dividend Yield Fund 3k equity +Top 100 Stocks Smallcase 3k +Quant Tax Plan Direct Growth 3k +Axis Long Term Equity Direct Plan Growth 3k + +Apart from this have my emergency fund(approx 3 months of my salary), health (15k/year) & term insurances(12k/year), PPF(2k/month), NPS(50k/year) and paying a home loan of 45k/month. +Thanks. +Turns out softbank was behind the rally and the recent fall in NASDAQ. https://amp.ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2?__twitter_impression=true + +What do you guys think about this? Is this the only factor keeping US Equities market up? Or is it because of the insane amount of money US is putting into the system? +My parents own a few rental properties and my father put one in my name a few years ago to save some money because obviously I wouldn’t just take it off them. Fast forward a few years - my dad died from cancer and I’m living with my mother and I have an abusive brother who she loves. + +Living with my mother is like living with a target on my back because of my brother. He’s a drug addict and we’ve had several fights throughout the years but now it’s worse because my dad isn’t here. I want to leave asap because living here is seriously putting me down (I can’t get into detail about everything because this post would be massive). + +So the house that’s in my name has tenants in it currently and my mother is the land lord. Obviously I want to move in so unfortunately I’ll have to give them notice but I am not the land lord - my mother is. She refuses to give me any paper work saying I am robbing the house off her and I don’t know what to do next. + +And for some context before I get rinsed for wanting to move into the house that’s in my name - I made my mother 150k throughout the pandemic, and she was going to buy my mother a house because one was in my name, so I don’t know why she’s so against me having mine considering she’s going to buy him one anyway, and he won’t pay a thing (he has a history of stealing money, and he’s just an asshole) + +Thanks +Hello friendos, and welcome back to another CoolKid PSA post. Credit score can be stressful and even confusing to some people, so I'd like to clarify a few facts about the responsible use of credit, paying interest just to bump up your score, and the concept of diminishing returns. Please note, this guide assumes you've at least *glanced through* the "credit" wiki. + +- Responsible use. Start here if you have no credit history or really bad credit. Get a secured credit card, preferably one which you would like to use as a regular credit card as well, and put all gas/groceries/misc living expenses on it. Pay off in full every month to reap the cash back/travel miles/points without paying interest. Repeat until you get upgraded to unsecured. + +Myth time!: Many people believe carrying a small balance on your credit card every month benefits credit score. Untrue! If anything, it *decreases* your score by increasing usage % + +Edit for clarity: *carrying a balance* means leaving a small balance on your credit card, past the due date, and paying the interest on it. I am *not* advocating for opening a card and then not ever using it. + +- Paying interest just to bump your score. I've seen several people, even users of this forum, advocating for taking out a small personal loan or car loan *for the sole purpose of increasing credit score*. This is entirely irresponsible. While it does work, *paying interest in order to bump your credit score doesn't pay off*. Why, you might ask? Because of the concept of... + +- Diminishing returns! If your score is anywhere within the 750s/760s range, you already qualify for the best deals, lowest interest rates, etc. Please note, *even if you are lower than this*, I still wouldn't advocate for paying interest. + +Myth time 2: The Electric Bogaloo!: Many people believe that using the above tactics to increase credit score before a big purchase, such as a car loan or mortgage, will pay off in the end due to a decreased interest rate on that bigger loan. a) Car loans are getting lower and lower, with many credit unions boasting a 1% or even 0% interest rate with a semi-decent score. b) Mortgages can be refinanced. c) using normal credit repair tactics, without paying interest, usually has the exact same effect with a *marginally* longer pay off time. + +Edit: Ok folks, yikes. I'm catching a lot of flak for my statements on housing and down payments, so I'm removing it. See my other [post](https://www.reddit.com/r/personalfinance/comments/6og0ax/countering_the_rent_is_just_throwing_away_money/) on "Rent is not throwing away money" for more on this if you're curious. + +Hope this helps some folks out there, and Merry Christmas. + +Edit: Removed myth 3, as it was partially incorrect. Check the below comment threads for more details by /u/Mildly_Uninteresting + +The company sold 15.2 million pounds of food last year, equivalent to 61.0 million 4-ounce patties, the weight of the Beyond Burger sold in supermarkets. That puts the company's current market capitalization at the equivalent of $143 per Beyond Burger patty sold last year. + +Analysts on average expect Beyond Meat's revenue to surge 152% this year to $221 million, according to Refinitiv. Conservatively assuming no price increases, it would be on track to sell 153 million patties in 2019, making its current stock market value equivalent to $57 per 4-ounce patty sold in 2019. + +More +https://www.reuters.com/article/us-usa-stocks-beyond-meat-idUSKCN1TQ2JD +How do people deal with the golden handcuffs, meaning jobs that pay quite well but make you totally unhappy. Im in this situation at a large bank. Im 37 and have a family with 3 kids. I make quite a bit at my job and also have 31 rental apartments with a business partner. Currently we don't take any profits from the rentals. We just reinvest profits into more apartments. I would love to quit my day job but even if we started taking rental profits it would be SIGNIFICANTLY less income than my day job. Like maybe 25-30% of my current day job income. Plus I would lose insurance, retirement match, etc. Sure we could live on the rental income but it seems selfish to throw away a high paying job and force my family to be much less secure financially just so I can avoid a job that I hate. I feel like I need to suck it up in order to give my family more opportunities in life. + +My day job has been bad lately but in normal times I'm working only 40 hours a week, no travel, etc. So its not like my family is suffering at all due to my job. I just find it pointless, stressful and soul sucking and I hate spending such a large portion of my life doing something I hate. + +My wife's job brings in minimal pay, like 1/8 of my pay so I'm pretty much supporting the family. Which compounds my feeling of needing to suck it up. Is there any way out of this? How have others dealt with this feeling? + +Edit: thanks for everyone's suggestions and comments. I haven't read them all yet but I've read a lot and I appreciate all the feedback. I will digest them all tonight but I can say I've already read a lot thats made me think and take perspective. Thanks! +When mentioning material possesions on this sub, people often refer to their most regrettable purchases. + + + So I ask the opposite: What item turned out be your most worthwhile purchase? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I started with 24k this year. I was up at 45k, now down to 39k dew to selloff. I am scared this might become a Crash and Not Just a Dip. If i realise all my gains now, i have to pay 4k in taxes, then i am at 35k, so this is not preferred. My Portfolio consists almost completely of PMCCs in mostly good Stocks, but also some amc Stock (amc is the only Stock i own). But my Cash Position is at -13k, so i am afraid of a margin call as well. Since this is my first year of trading, i made many experiences and wouldn't be so greedy again. Opinions? Of course the poll will not make the decision for me. I'm Just curious about veteran's opinions. Thank you. + +[View Poll](https://www.reddit.com/poll/r781m4) +Over the last few days, as Bitcoin has dropped in price, I have seen more and more tin foil hat posts blaming JP morgan, banks / whoever for why the price has dropped. The truth is we simply don't know and have no proof. I see that Lad Bible video being posted endlessly, they have absolutely fuck all to do with JP Morgan. + +Could it be that many people are asking genuine questions about the sustainability around things like power requirements /wastage, threats to governments, and China's influence? (Yes is the answer). + +No matter what you feel about these subject areas let's not lower ourselves to how the WSB forum acts, where they post endlessly about fighting the man and stirring up silly paranoia and ridiculous behaviour. + +If you believe in Bitcoin, hodl it, if you don't and are afraid, sell it... it's that simple! + +**EDIT - Thanks for the detailed and informative replies by so many of you!! Always plenty to learn on here and many great points.** + +&#x200B; +When I say “just closed”, I mean the ink is still wet on the closing documents. + +I’m in a HCOL area. Two years ago, I bought a condo. I didn’t realize or appreciate it at the time, but I got super lucky because my HOA is probably one of the lowest in the county but still covers 100% of the exterior (no pools or club house or other expensive common areas). The HOA is also pretty relaxed with low key CCRs. + +Two months ago, I notice the condo behind mine was suddenly vacant. I could see it was still furnished, but there wasn’t anyone living there. Through a mutual friend who knew the owners of the property, I learned that a couple had bought it to house their disabled adult son. However he started having behavioral issues and was trying to move in his toxic girlfriend, but the parents said no, so he moved out. Mutual friend said they did indeed plan to sell it, so I asked her to pass along my contact info because I was very interested. + +I was super nervous because I wanted to try to make the owners an off market offer. I knew I couldn’t compete with cash offers or a bidding war. Looking at comps on the market, another unit in our development was listed in December for $379k and sold for $420k. It sold for $41k over asking. Just insane. Looking at all the comps made me realize how desirable these condos were. We had our own private yards, no neighbors above of below (townhome style, while most others condos in town are apartment style), and each unit has a 2 car attached garage. I waited for 2 weeks for the owners to reach out to me, meanwhile researching what I could offer to make it desirable enough to accept without publicly listing. I was a ball of anxiety. I hadn’t exactly planned on buying a second property right away, but now I had this opportunity to make an offer and I didn’t want to mess it up. I started working as much overtime as I could possible take in. A supervisor at work also moonlights as an agent, and when I told him the situation and what I wanted to offer, he just laughed at me, told me I was ridiculous and they would be insane to accept it and forgo the opportunity to get into a sky high bidding war. He chastised me and acted like I was a child with no knowledge of real estate and bragged about these million dollar deals he was closing that were going for hundreds of thousands over asking. It felt super defeating. + +I finally get in touch with the owners after a couple of weeks of waiting on them to reach out to me. I explain to them my situation, how I wanted to buy the property so I could eventually have my frail aging grandmother nearby someday when she had difficulty living alone. They were empathetic because they had bought and fully remodeled the condo to house their son. But after he moved out, the parents decided they weren’t here to be landlords, so they decided to sell the condo. However, it all came at a very inopportune time, as they had just bought a new house themselves, and were trying to downsize and list their current house. It sounded they were quite overwhelmed, but they agreed to show me the unit. + +We did a walk through and it was just lovely. As they said, fully remodeled and upgraded. New floors, ceilings, tile and granite. Gorgeous cabinetry and custom drawers. The entire place had been redone. At the end of the walk through, they told me they didn’t have an asking price, but they mentioned they knew comps were selling for between $380k-$410k and wanted to know what I was willing to offer (I guess they didn’t see the $420k Comp). They also made clear that they understood I was saving them money by not using an agent, and they wanted to pass along some of those savings to me. + +I told them that while the unit was very beautiful, it wouldn’t appraise for $410k because that particular comp had some features that this one didn’t have (automatic garage door, wrap around back yard, etc). But I told them that even if we used agents who did get them tippy top dollar, they would still only walk away with less than $375k after listing fees and commissions. So I offered them $10k over that, a sale price of $385k. And I told them I would cover the expense of a real estate attorney to facilitate the entire transaction ($5k). They really loved this offer and jumped on board. Since their son had moved out and pretty much left the condo fully furnished, they gave me the opportunity to buy back the furniture in the unit: couch, love seat, coffee table, dining table and chairs, desks, twin trundle bed, queen bed, dressers, night stands, and all the wall decor. I told them that even though I loved how it had been decorated after the remodel, I really couldn’t afford to make an offer because the lawyer expenses were eating up my extra reserve cash. They understood this and told me that they loved my offer so much, they were just going to sell me the unit fully furnished as is. + +During the entire escrow, I was super nervous that the sellers would back out and decide to publicly list the unit. I knew they could be getting more than $385k for it. I thought about all the negative shit my supervisor at work had said when he laughed at my idea of an offer. To compound the stress of everything, I had a preplanned trip out of state in the middle of escrow. It was absolutely chaos trying to get all the requirements for the loan satisfied before I left town. Appraisal was completed while I was out of town, came back at $405k. This was exciting but also just peppered me with anxiety that the sellers would back out all over again. + +But here we are! Today finally arrived! We closed escrow 3 days early. I got a 2/1 condo, 1050 sq ft end unit for $20k under market value, and fully furnished on top of that. I just saw the sellers after the final signing. They gave me a huge hug and thanked me for being the lead on this transaction. They said during the hectic transition of selling their own home and moving into the new one they just bought, they were very pleased with how smooth I made this transaction for them and it was just what they needed. + +So I guess my two big lessons learned here are 1) shoot your shot. The worst they can say is “no”. If you never ask, the answer will certainly be no. 2) don’t be intimidated by FSBO. Agents certainly have a place and can be beneficial. But conducting this sale without agents got the sellers more in their pocket, and cost me less in the long term. I don’t think either of us could’ve hoped for a better outcome. +I ask because it seems a ton of people move either from one expensive city to another, or from a lower cost of living area to a higher one. + +I understand for certain tech/corporate/high finance/specialty careers it can definitely be worth it, if you’re raking in the big bucks. Like if someone moved to the Bay Area for a six figure tech consulting job. + +But it also seems like people move to a big city because there’s lots of things to do and see, and in their minds, it’s easier to meet people. + +Those of you who moved to an expensive city, do you actually spend time at all of the attractions/entertainment activities/restaurants? Or are you doing everyday stuff like grabbing coffee or tea, going to the local park, walking the nearby hiking trail, etc, that can be done in even a smaller to mid sized city that’s likely cheaper than where you are at. + +Is the job market significantly better where you are living? + +Do you feel you need to live where you are to meet people/make friends/date/settle down? +I've been extremely motivated to increase my salary and have been all over the job market the past couple of months. I found a position at a new company that is an amazing fit for me, plus it would have been approximately a 34% raise. I asked the recruiter for the employee handbook and discovered my health insurance costs would increase about 112% from $163.72 per pay period to $347.35 per pay period (both figures include myself + spouse + child). This increase in costs would have in fact eaten about half of my raise. I've decided to decline the offer and I am instead in the middle of the interview process for a management position at my current company. At most, the pay increase will be 25%. However, the cost of my benefits won't change and I'll get to pocket the entire amount of the raise. Just something to think about. In the event you're leaving your job to take a higher salary, ask to see the employee handbook and cost of benefits before you become too invested. + +Edit: Mathematical error was pointed out and corrected. + +Other specifics to consider: + +* Co-pays and deductibles of plans +* Pension/401k plan/employer match +* Success sharing +* Employee stock purchase program +* Tuition reimbursement +* Commute/drive time +* Work environment/culture +* Will you be happy? +* Will this be good for your career in the long run? +* Any other miscellaneous benefits +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). +Can someone give me some DD on them? I was completely against them last week as a boomer stock but I think I might have been wrong again. They just entered into a huge options deal and signed on a Sales Manager. That meand the chip would have to be working right? + +It's already in the green today, but I am not sure if it's a good buy. Anyone got an opinion? It looks solid at first glance. +what is driving this surge in CAD (especially relative to USD) lately? just increased oil prices? canada also has a lot of forest, maybe lumber is a factor? we're at 5-year low in the USDCAD (1.21), looks like the next stop may be 1.10? + +anyone have any predictions for how this will play out? the lowest in recent memory is 0.96, back in 2007. + +how will this affect canadian companies like suncor, BAM, enbridge, and CNR? there doesn't appear to be much of a relationship between the TSX and USDCAD charts. + +i'm excited to start traveling soon and take advantage of my valuable loonies! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +We know Warren Buffett’s advice to be greedy when others are fearful and fearful when others are greedy. I’m in my mid 30s and followed this advice pretty well, going into index ETFs pretty hard last March, with some additional individual stocks along the way + +I worry now with the all time highs we are in a time that there is a lot of greed. Is it time to start being fearful and get some liquidity with the expectation of the correction where we can go back in with the bargains? +My parents asked me out of curiosity, how much I paid for tax and it was around 45K because this includes both tax and HECS. They tried to lecture me about investment properties (residential and commercial) and how to write off the interest paid, and many other ways to reduce tax. You can say that the difference between my parents and me is that while they worry about how to reduce tax, I figure out ways to increase my income. Their advice was unsolicited but I was wondering if I was being hard-headed and want to know what other people's view was on this topic? + +I'm personally not a fan of accruing debt to make more money and I don't want to put in more effort into my assets than to log in to a brokerage account, click a few buttons, purchase my asset, set and forget, rinse and repeat. I have better things to do with my life than to worry about minimising how much I pay in tax. As some people on AusFinance and FIAustralia put it, paying more tax is a privilege for those who earn a lot. + +My parents have owned multiple properties valued at over a million dollars, operated their own businesses and found many ways to pay less/minimal taxes, and they're trying to teach me their ways, I get it. However, they're also the people who had so much debt, during the '08 crisis, they lost all of their businesses, lost all of their houses, got buried by their debt and went bankrupt. They've also lost about 100K in stocks and tells me that my money isn't safe, the same people who lost millions doing IPs and commercial properties... Being a child growing up in such a household, filled with domestic violence and parents riddled with mental health conditions, traumatised is an understatement. The life lesson I learned here from a young age was to not get into debt, being too invested in money will destroy my life and just enjoy doing what you do and the money will just follow (if you do what you love then you will want to do more of it and if you're paid to do it then the byproduct is more money). +I made a sheet that uses Yahoo Query to get the stock data as well as the option chain (delayed) in an effort to look for where to deploy capital as CSP when it becomes available as well as BuyTheFkingDip. + +I'd love some feedback and what I might be missing regarding this sheet. It's a macro enabled sheet, but doesn't actually have a macro in it. I used a function that grabs the sheet name and loads it into a cell that requires it to be macros enabled. + +I'll leave this link up for a couple of days - but looking forward to any input. +End of year report: + +I opened my Robinhood account on December 31 2020. As of today the "1 year" and "all time" charts will say different things, so *that* is a muscle memory thing I need to unlearn.. + +Top of the line: up 35.66% percent this year + +Not only is this like 8% higher than SPY, based on the way Robinhood handles total return graphs this is actually understating it due to the fact that I added money during the year. If I deposited my entire account balance tonight said percentage performance would be cut in half since it assumes all deposited cash increases the initial cost basis. + +Max drawdown: 12% (still haven't fully recovered) + +Measured from my account's ATH in November to the trough in.... well later November. RIP meme stocks. At least we stopped the bleeding. + + +Holdings types: + +Even though I call it my "options account" about 1/3rd of it is in various ETFs (and a microscopic amount of BRK.A) that I'm not using as collateral for options plays. This is the money I had earned from political betting on PredictIt, plus whatever I decide to throw in every once in a while. This is segregated a bit, as I literally haven't rebalanced at all and don't consider selling these ETFs for more theta gang plays. + +The options portion is funded entirely through stimulus checks, tax refunds, and the realized gains from options trades. This is to reduce stress in case I fuck up because why panic sell if it's "fun money"? + +General strategies: + +I did a little bit of everything theta gang related. Debit spreads, credit spreads, wheeling with covered calls and selling puts, diagonal spreads with deep in the money calls to simulate a covered call with leverage, doing the same to simulate selling a put with leverage, etc. Somehow managed to control positions in a way so I could keep rolling for a realized gain rather than be forced to realize a loss (without being stupid and rolling out 2 months for a 5 cent net credit). + +Favorite positions: + +Wheel trading AMC and BlackBerry. No leverage, just selling puts and making money until you're assigned then selling covered calls until you're assigned. Being meme stocks, I could afford to have stupid timing and make money. + +Least favorite positions: + +Buying Ford and Nokia LEAPS with 3 to 1 and 6 to 1 leverage to sell covered calls against right before they both trended down. Yeah... not fun. Haven't worried about a position that hard since. The sweet spot is clearly 2 to 1. Less extrinsic value that way. + +Taxes: + +My taxable gains is slightly higher than the amount I'm up due to unrealized losses. Let's hope I didn't violate the wash sale rule. And I can just import my 20 page 1099. + +Payment for order flow: + +According to regulatory filings, Robinhood makes 60 cents in revenue for each options contract traded. So I generated approximately $530 in payment for order flow revenue for them, more than probably any other financial thing besides my car lease. This is based on the trades I've already done and the inevitable closing of contracts I currently have. + +Targets for next year: + +Use less leverage, don't sell weekly stock options (for various reasons), and buy more LEAPS debit spreads that just need the underlying to not plummet 9 months to a year from now in order to make money while reducing reliance on meme stocks. + +All around a good year. I have no idea if these returns are sustainable absent of a strong bull market or a market full of meme stocks with a much higher implied volatility than realized volatility to take advantage of in options pricing. But since I'm taking advantage of theta decay for almost all of these strategies, I am far less likely to be BTFO'd than if i bought ATM LEAPS if markets go down or sideways. + +But yeah, I'm tempting fate if I go as far to say this literally can't go tits up lmao. + +***Disclaimer: options trading is a speculative investment. It includes market risk, liquidity risk, volatility risk, and getting screwed for reasons you didn't think of risk. Ask a financial advisor if options trading on Robinhood is right for you, and fire them if they say it is. You should not be doing this under most circumstances. I shouldn't either, but it's too late for that. Buy SPY, QQQ, and/or VTI before it's too late, I am warning you.*** + +***Please read the prospectus before considering investing. Past performance does not guarantee future results. Especially if said performance only covers bull markets.*** +Hey ThetaGang, I am a mathematician and have been building visual trading tools. I have built interactive plots for all first, second, and third order greeks. + +You can play around with them here, [https://www.vicarisi.com/](https://www.vicarisi.com/) +I was looking at Vanguard Information Technology (VGT) holdings this afternoon, and was shocked to find that although there are 331 companies in this ETF, 36% of the entire fund consists of just two companies: Apple and Microsoft. See here: [https://investor.vanguard.com/etf/profile/portfolio/VGT/portfolio-holdings](https://investor.vanguard.com/etf/profile/portfolio/VGT/portfolio-holdings) + +The reason that I invest in ETFs is to diversify my holdings of equity securities. I've been tossing a few dollars into VGT since last year, under the assumption that since it's an ETF, my investments will be broadly diversified across the information technology industry. So here are some questions I now have: + +1. Is this dramatic skewedness toward just one or two companies unusual in an ETF? +2. Does anyone care to explain why such a skewness is justified in this case? +3. What are some technology ETFs that better balances the exposure to each company in the fund, but also have near-zero expense ratios? +BitGay is the first BSC-based donation platform that benefits LGBT charities. It spiked up to a market cap of a few million shortly after release, but has since cooled off significantly so is a great entry point. At only a $300k market cap, there is a LOT of room to grow while supporting a great cause. Liquidity is locked and smart contract passed an external audit. + +BitGay has just completed their second donation that was sent to the Transgender Legal Defense & Education Fund whose mission is to end discrimination and achieve equality for transgender people: twitter.com/TLDEF/status/1390403741648556036 + +🤲 $10,000 donation To LA LGBT Center + +🎀 $12,000 donation To Transgender Legal Defense & Education Fund + +🤝 Official partnership with LA LGBT center and interview for their magazine in process + +Token info: 💵 Low market cap $1M + +👥 3,000 holders + +🔥 Weekly burns! + +📈 Blockfolio listing + +✅ CMC and Coingecko listing soon + +🎁 5% Token redistribution, 5% to liquidity + +🔷 Passed TechRate security audit: twitter.com/bitgaycrypto/status/1388143769879449600?s=21 + +🔒 Rug safe 100%. Liquidity locked for 100 years: https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC + +🦄 $22,000 donated so far and more to come! https://etherscan.io/tx/0x2be2f3ac911b31d655e7847e0008404d1333544fdb07fbea82ae5edb78e393b1 + +💳 Contract address: 0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9 + +🔸 BSC Scan https://bscscan.com/address/0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 + +🌎 WEBSITE http://bitgay.org + +📱 TELEGRAM https://t.me/bitgayofficial + +🎤 Discord https://discord.gg/Fx88nUVc + +💬 Reddit https://www.reddit.com/r/BitGay/ + +🛒 Buy (11-12% Slippage) https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9 +I live in the US, am \~35 with a family, and am approaching a 15mm net worth. I'm not a 'prepper', but I do daydream sometimes about the country devolving into some civil war, and wanting to find some other place to live. I don't think this is likely, but at what point is the insurance policy worth it? + +Does it make sense to do a citizenship by investment program, spend \~1mm to buy a property in another country that we would potentially live, and always have that in your back pocket? Leave a million or two in passive investments in the markets of the other country. Perhaps have someone manage the property in the meantime (airbnb) and it effectively be a breakeven investment? + +Has anyone done anything like this? Are the citizenship by investment programs scams? +Its at a call center which I am not a fan of and I am hoping this job Im interviewing for on friday for a warehouse goes through but its a job none the less!!! After four years of treatment Im finally getting off SSDI (Bipolar II), Medicaid, Medicare and food stamps! I'm still poor but I will be a fully fledged productive member of society again! 😀 + + +Edit: Thanks to everyone for their kind words and updoots! :) +I was driving down the road today and checked GME AH to see the price had hit $200. I quickly pulled off the road and came to see what was being said here. + +After quickly reading the filing I had a complete meltdown and sobbed. + +I’ve worked hard my entire life and have lost everything multiple times. Each of those times was no fault of my own, lost the small portfolio my grandma left me during the dotcom collapse that was my college fund, lost my home in 2008 despite the fact I put 20 percent down and wasn’t sub prime, then illness in my family and lawsuits have sucked me dry. I’m only 38 years old but have experienced multiple once in a lifetime catastrophes. + +I’m living alone in a tiny apartment. I’ve sold my house, my cars, and pretty much everything else to keep my guys employed and acquire more shares. I haven’t made a dollar of actual profit in over a year. I recently had to lay off all my employees as a result of the company I own taking massive losses due to the pandemic and my expenses skyrocketing. I have yet to sell a single share. + +I’m so scared right now. I’m afraid this is going to be taken from me too. I honestly don’t know if I can sell when the time comes. + +I’m so proud of everyone here. We could have easily said oh well and sold at a loss. We could have chased the “next big thing” but we didn’t. We held to our convictions and said enough is enough. + +We know the battle isn’t over. We know fuckery is coming. But we also know everyone that’s still here is buying, holding, and DRSing our GME until we see phone numbers. + +After so many losses and hardships today felt like a real win. The crew at GameStop is on our side. We didn’t give up on them and they won’t give up on us. + +I know not many will read this but those who do, I love you and thank you for standing by my side to bring down the corruption that’s taken everything from me. + +Obligatory NFA. Obligatory buy, hold, drs and once again VOTE!!!!! +Current data suggests that the house I’m viewing soon, which is in a lovely area, will be within the annual flood zone by 2050. I’m in my late 20s and want to buy it as a home to settle down in and have a family in, so I’m hoping that in 30 years time I’ll be an empty nester and downsize elsewhere, but will the property value have tanked by then because of climate change? + +It’s not on the ground floor but that’s not much help when the building itself is suffering flood damage, nor insurance, and I am concerned about selling on. + + + +Should I be ignoring properties in the flood zone because they’ll reduce in value? + +Edit: I am looking in London. Half a mile from the Thames. Not the best location, but it's where work and family are. + + +Edit to add useful link from the comments: https://flood-map-for-planning.service.gov.uk/ + +Also [this](https://coastal.climatecentral.org/map/9/-0.0933/51.2441/?theme=sea_level_rise&map_type=coastal_dem_comparison&basemap=roadmap&contiguous=true&elevation_model=coastal_dem&forecast_year=2050&pathway=rcp45&percentile=p50&refresh=true&return_level=return_level_1&slr_model=kopp_2014) is the predictive model I used. + +Edit again to add [this map](https://en-gb.topographic-map.com/maps/lpj5/London/) which tells you how far above sea level you are. + +Edit once more: If the prospect of impending aquatic doom and climate change in general terrify you, I implore you to express your horror to your local MP and hold them accountable to representing your welfare with regard to climate change. https://www.theyworkforyou.com/ is a good website for this! +Let's learn from other people's mistakes. What's the *most* insane or nuts thing that someone you know has done financially? + +For me, my brother is actively planning to remortgage his house so he can stick the cash in a savings account. Just a regular 0.5% savings account. He's convinced this is a great move as he'll have "savings". + +So what have the people in your life done, financially-speaking, that left you rubbing the bridge of your nose? +Hi everyone, bob here. + +I posted this same data yesterday (with less detail) and have gotten a tidal wave of requests from fellow apes to repost for visibility, so here I am reposting an update to the update on FTDs because: + +https://preview.redd.it/93f8misf0q981.jpg?width=622&format=pjpg&auto=webp&s=dc513ba7e06e516766e895303a7b9974e6b123e1 + +[Original post](https://www.reddit.com/r/Superstonk/comments/rv6k8o/an_update_to_cycles_ftds_and_options_oh_my/) (with some juicy updates) follows. + +I'm bringing you another update on the FTDs and how they might play with the cycles upcoming I'm tracking. + +# The FTDs + +[C35 from options fuckery leads to ups a few days later, and we have large incoming FTD pile from abusive ETF shorting in our most recent delicious ass dip](https://preview.redd.it/6fmehf7p5l981.png?width=1291&format=png&auto=webp&s=f00aac3f7119ea62b31c6e25a5c0d5173ba2cd6e) + +**Also in Crayon** + +[Same basic date range. Things are stacking up.](https://preview.redd.it/qsb4uhaq5l981.png?width=2014&format=png&auto=webp&s=0a16c735b89d0ed09d5919063ed3019997b88bb2) + +**And Crayons of a different flavor:** + +[u\/bobsmith808 ftd data projections, overlaid with u\/gherkinit's futures theory & u\/leenixus' SLD cycles theory.](https://preview.redd.it/6c3abtx56l981.png?width=1590&format=png&auto=webp&s=dcde60f83839cca7b3880b9e675ebd758262099d) + +**I'm pretty jacked for January. At this point, I'll not be a broken record on what this may mean - have a look at my other DD on that subject.** + +1. [DD Cycles](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_source=share&utm_medium=web2x&context=3) +2. [Intraday price suppressions/manipulation](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/?utm_source=share&utm_medium=web2x&context=3) +3. [Older cycles and exploration of interactions](https://www.reddit.com/r/Superstonk/comments/o32geb/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/?utm_source=share&utm_medium=web2x&context=3) +4. [All My Data (and other wrinkly ape's contributions) on the markets, GME, and popcorn, for comparison](https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing) +5. Check out Gherk's DD [on the futures theory here](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/?utm_source=share&utm_medium=web2x&context=3) to understand some more of the cycles +6. Also you should see the SLD DD by u/leenixus as well to understand everything that is coming together right now. +7. Also check out this post for a [basic understanding of the sld periods](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/) by u/dentisttft (wherever he is) + +# TADR? + +I expect we start seeing slow climb on 1/3/2022 that will lead into some type of violent price action when the pileup of FTDs, Cycles, and SLDs converge. + +# Bonus: + +**An ape that actually found the last post wanted to see how the data looks compared to last year.** + +Well, you be the judge: + +I put together what should be very familiar looking charts. These are of the same time period as above - just a year earlier. + +# The FTDs + +[Looks pretty familiar eh? The big difference is the threshold list, and the RC buyin. Also liquidity... more to follow after we play with crayons.](https://preview.redd.it/l38mr0vi4q981.png?width=2104&format=png&auto=webp&s=6bfe48fc3321c6072992780b339dfe9602ed5448) + +**Crayons of a different flavor, part deux** + +[Oh, my tits!](https://preview.redd.it/kqbajdnx8q981.png?width=1517&format=png&auto=webp&s=d0cfb57e97dd36e481b89ed84293bf199301f54b) + +**Deeper Data Analysis** + +[Goddamn, i can only get so erect...](https://preview.redd.it/n83eggk0gq981.png?width=924&format=png&auto=webp&s=49c6dabf759f19c61ffc7a1db3cb588e6dd60aa3) + +In closing, the bonus analysis has me running to the fucking doctor to see if i can get them to calm the fuck down. + +# See you on the moon. +Hello everyone. I’m a Afghanistan War veteran here with some friendly advice. + +So like everyone I love coming in here and seeing all the wrinkly brains guiding my crayon eating ass to tendie land. However, take what i have to say with a grain of salt, or don’t. Whatever. We need to quit with the fucking bullshit. If you don’t have any DD or helpful thoughts, don’t post. Go to the think tank, it’s what it’s there for. + +Divide and conquer. Literally the easiest way to take down any establishment is within. That’s what happening with us right now and the hedgies are two steps ahead. + +Think about it, u/rensole doesn’t want to do morning news anymore because he’s being attacked. One of our #1’s is getting eaten up and we’re letting it happen. Let’s have his back. It seems like anyone can post now a days, and it’s all bullshit karma farming posts like “I WONT SELL TILL THE WAY DOWN”! Cool story bro, we’re all glad. You can’t even navigate this sub anymore and find good DD it seems like. + +Hedgies are playing the long game, we know they’re watching. We’re being divided, trying to get us to believe this is all over, and driving the price down. Slowly bleeding us down. So follow these steps if you read through this. + +1) Quit shit posting, it doesn’t help. +2) Apologize to rensole. Even if you didn’t say anything, send him a friendly message letting him know you appreciate him, and let’s get this morning news going again +3) Buy, Hold, and be friendly to the retarded apes who ask questions. We’re all in the shitstorm together. + +Let’s also get the mods involved, we need to be regulated. I’m hoping the karma for posting gets upped, and anything not involving good DD gets you a permanent ban. That, or we go private and weed out mother fuckers. We’re out of control and we need to be put in check. That’s all. + +Disclaimer: I’m not a shill, so don’t come at me with that bullshit. + +Edit: Thank you for your support. This sub is our home, let’s defend it and make it fucking awesome like it used to be. +Apparently Churchill said « Stalin inherited Russia with a wooden plough and left it in possession of atomic weapons ». + +Rationalwiki claims that : Under his long administration, Enver Hohxa oversaw the economic and social transformation of Albania from a feudal relic which was formerly ruled by a despot named Zog to a relatively modernized state. + +Rationalwiki also claims that : Yugoslavia tended to enjoy a better quality of life than its Warsaw Pact neighbors with significantly better access to consumer goods (both foreign and domestic) and generally had fewer restrictions on its citizens. +_________ +I dont get it. I though that socialism caused economies to collapse ? + +Are those socialist dictators actually hated for the brutal repressions under their regimes, and not for their economic policies ? + +But then, if their economic policies had been applied by a non-dictator person, like Alexander Dubček, could have socialism turned out better ? +I think we all have done (or not done) things that in retrospect look really dumb and significantly altered our financial trajectory. Every situation and life story is different, but I’m looking to see if there are some aspects/choices/areas that stand out that might not be as obvious for someone just getting started on the path. + +If you could have changed anything about your past, so that fatFIRE would have been a reality sooner, what would it be? +THE ANNOUNCEMENT: [https://twitter.com/SuperShibaBSC/status/1393841978996137984?s=19](https://twitter.com/SuperShibaBSC/status/1393841978996137984?s=19) + +Have you been the target of a **RugPull**, **HoneyPot** or just straight **scammed** before? We're creating a **Decentralized Exchange that will only allow audited and approved tokens to trade**. Leaving you safe in the knowledge that your investments are in good hands. + +SUPERSHIBA is the company behind it and will make it a reality. SUPERSHIBA will make it better than everyone else and nobody will stop it! + +The devs are doxxed, TWO AMAS already made. They are all for this project and they wont give up. Its a true project, with a true team and a true purpose. + +\-----------------------------------------------------//////// + +About the token. Its 70 hours old, reached 13,5 millions of market cap, no whales in this pool and hitting ATH every day. ($ASS and $BONFIRE reached hundreds of millions of mcap without a true project behind it, imagine where this one could go! I will give a hint, starts with mo and ends in on 😉) + +**Marketing developments:** + +Poocoin banner developed and uploading today + +More Twitter and Youtube influencers this weekend + +Tomorrow live AMA with devs + +Chinese domain and expansion in development + +Chinese campaign organisation underway!!! + +**About the project:** + +SafeDEX Prototype & Beta testing. A DEX generates trust and trust generates growth. There were some excellent ideas regarding how to build a new SafeDEX that would exceed the efforts that have come before. With doxxed devs and safe investment plan. + +NFT Marketplace. Super Shiba will become the peer-to-peer NFT marketplace of choice. It will become an open digital community of makers, artists, musicians and buyers that will shape the future of crypto art transactions. + +**Doxxed Team.** + +TELEGRAM: [https://t.me/SuperShibaBSC](https://t.me/SuperShibaBSC) + +WEBSITE: [https://supershiba.xyz/](https://supershiba.xyz/) + +Developer - Momsad K. + +[https://www.linkedin.com/in/momsadkhan/](https://www.linkedin.com/in/momsadkhan/) + +Marketing Director - Gareth Evans + +[https://www.linkedin.com/in/gareth-evans-475b20a/](https://www.linkedin.com/in/gareth-evans-475b20a/) + +Community Engagement - Ben Walker + +TWITTER GIVEAWAY: [https://twitter.com/SuperShiba2/status/1393316246930796548](https://twitter.com/SuperShiba2/status/1393316246930796548) + +AMA LINK: [https://www.youtube.com/watch?v=jWSgjfohTVY](https://www.youtube.com/watch?v=jWSgjfohTVY) + +TIKTOK: [https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is\_copy\_url=1&is\_from\_webapp=v1](https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is_copy_url=1&is_from_webapp=v1) + +**Contract address: 0x922c77c7724d7b77fd7791be5cc5314b70c3a781** + +BUY : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781) +Hi ! + +I suppose it's a very complicated question so I want ask for a whole and detailed explanation but more for links to articles or any content that explains how was the Soviet Union's economy unsustainable. (I've read this in a politics course explaining why the Soviet Union collapsed so I think it's the statement holds some truth in it) +I know some billionaires get paid $1 salary like the former Steve Jobs and mark zuckerberg. Their wealth comes from the amount of stocks that they own in the company. So if they were to buy things by selling their stocks, wouldn’t that drain their ownership in the company? If someone is worth, say 1.5 billion and they buy a 150 million dollar yacht and mansion, wouldn’t that drain 10% off their ownership of the company? +Realistically, aren’t they going to do this very slowly not to spook markets? + +Further, will a gradual increase of 0.20 per quarter or whatever that big of a deal? + +Hasn’t this happened before, and there wasn’t really a crash but a temporary correction? + +Thanks. +Assuming an easy question: + +* I buy an index fund such as a Vanguard S&P500 fund (example). + + +* Many of those companies in the fund pay a dividend. + + +* What happens to my portion of this dividends as an index fund holder? + + +* I don't specifically see a payout of the dividends as an index fund holder. Does that dividend $ go to me in a roundabout way such as reinvestment into the fund, thus increasing its value? + +Thx. +I'm 22 fresh outta college, been living a frugal life for a few months now and have started putting in about $300 every month (Will be $1500 every month once I pay off student loans in about an year's time). + +&#x200B; + +|Current Portfolio| +|:-| +|70% (50% VTI + 20% VXUS)| +|10% (FNGU *please advice on this*)| +|10% (BTC+ETH)| +|10% (*Don't know where to invest this 10% or should I just put it into VTI and VXUS?* )| + +&#x200B; + +I know this portfolio has a bit of risk involved but I thought I can cash in now when I'm 22 with not much to lose vs 10-15 years down the line when I can shift to a more stable approach. Any advice appreciated. +Can someone explain plainly why fund overlap is not desirable? I often see on this sub and others that having etfs that have a lot of overlap is problematic. Why is that the case? + +For example, if I want to have FTEC and QQQ, but 40% of QQQ is in FTEC, this is considered a bad thing. What if this is intentional and I want the extra weight in those stocks. +Hey r/financialindependence \-- I'm a long time lurker but first-time poster. After reading tons of threads about the importance of avoiding lifestyle creep, I've finally decided to make moves and cut back on the majority of my expenses. Seeing most of my friends struggle during this economic downtown has made me realize how important financial independence is to me. My goal is to boost my savings rate from \~25% of post-tax income to \~61% of post-tax income and retire... early. (Currently 21 years old) + +Here's a breakdown of my monthly budget reductions: + +\- Rent: $1,375/mo => $890/mo (My new apartment is bigger, just not in the "hip" part of town) + +\- Car Payment: $668/mo => $0/mo (Goodbye, Jaguar. Hello used Toyota.) + +\- Car Insurance: $240/mo => $120/mo (Cheaper car + moving to suburbs) + +\- Food/Alcohol: $900/mo => $400/mo (Eating at home and moving away from the "hip" part of town) + +\- Misc: $200/mo => $0/mo (Buying less stuff, finding cheaper hobbies, etc.) + +**Total Savings: $1,943/mo** + +I'm now able to save/invest a total of **$3,282 per month,** which is just over 61% of my post-tax income. Not only do I feel set for the future, but my life has become much more fulfilling. I've returned to hobbies that are cheaper yet more rewarding like running, lifting weights, and playing guitar. I no longer stress when my apartment isn't in perfect shape or worry about parking my car far away to avoid scratches. My desire to impress others via material goods has pretty much vanished. I feel like my authentic self for the first time in a while. + +Coming from an immigrant background, I always thought the "American Dream" was achieved through material success. Instead, I've realized that the true American Dream is financial stability coupled with a fulfilling career, relationships, and hobbies. I'm glad to have learned this lesson at a younger age than most. +We know you're watching ,so I'll just leave this here. +https://www.sec.gov/whistleblower/submit-a-tip + +Stop breaking your backs for Kenny. He's already lost. We know it. You know it. He knows it. + +Get some money before it's too late 💰 + +🙌💎 +Edit: Did not expect to get this amount of feedback. Appreciate all the responses. For those asking, I'm 34. I don't have kids and live with my girlfriend so we split the rent in a HCOL area. My job is also stable (from what I'm told lol) and I work from home for now. Job hasnt made a decision if it is permanent or not. I also have $30k in student loans from both undergrad and grad school, but have been putting the payments in a savings account until it's time to pay again. So technically, I have that $10k saved if loans end up being forgiven, but I'm not counting on it. + +I make $72,800 and am thinking $10,000 would be good for me. I only have $2,000 saved right now. + +After I hit my goal I can max out my 401k. Currently I'm saving 7% with a 3% match and am maxing out my Roth. +Little background on me. I'm in my early, almost mid 30s that's halfway to military (enlisted) and hopefully complete/early retirement. I decided on shoring up my tax advantaged accounts with a (taxed) dividend portfolio since my taxable income is tiny due to military pay that keeps me in a super low bracket and I want to retire immediately after the military, so I want access to it early while letting my tax advantaged accounts grow for as long as possible. Psychologically, I also deeply enjoy the dividend standpoint as well and not having to sell shares is a very attractive benefit for me. + +All in all, atm I have ~183K between my Roth TSP (think 401k) and Roth IRA in various indexes like the sp500, small cap index, energy, and international funds. Roughly $35K in crypto (ETH/XLM). I also have a couple of rent houses which takes REITs off the table for the purpose of diversification. + +**Taxable (dividend) accounts** - $4.5K in [VDADX](https://investor.vanguard.com/mutual-funds/profile/VDADX) and my e-trade account which includes: + +ticker | shares | total invested +---------|----------|---------- +T |252.79396 |$7,167.88 +UPS |34.9626 |$3,198.57 +PFE |189.22396 |$7,054.71 +JPM |32.0525 |$2,999.17 +JEPI |44.4661 |$2,463.46 +PEP |30.431 |$3,958.60 +VTRS |12 |$0.00 +BUD |46 |$3,006.56 + +with a total current value of $36,338.80 and 4.3 div yield / $1,284.63 on the year. + +**Moving forward** - I currently have the luxury/fortune to dump anywhere from $1-3K a month on top of maxing out my TSP/IRA accounts. I threw in the previous $3K in BUD earlier this week. There are a few items on my list, but nothing seems too attractive price wise. I am not particularly looking for growth as my other index funds have that handled, but primarily sustainable dividends that will survive through downturns. Overall, just looking for some options to plug in any "gaps" between my other investment and something sustainable. Overall goal would be to pick up another ~$10k/year total before I retire from the military - so about a decade (present dollar value) + +Things I have on my watch list with no particular leanings: + + +MCD, MMM, IRM, LUMN, **NCLH**, **DAL**, LMT - I know **the 2** don't currently pay a div, but their potential value + re-issuance of dividends in the post-covid future is hard to ignore for me. + +Also not against getting more BUD, but other non-T/PFE companies on my list seem a little high for me at the moment (although I DO drip them). + + +I am not TOO interested in many ETF/MFs, but any other suggestions or thoughts would be appreciated that are outside of my other investments (so no energy/reits as I briefly mentioned earlier). + + +**EDIT**: I did not respond to each post directly, but I have read all of them and have added a TON of tickers to my homework pile that I will be looking through the next couple of weeks. Thank you all for your points and discussions, this community is awesome! +I've been seeing a worrying trend here recently, where lots of people, many with new-ish accounts, are essentially saying that GME is a long play, and that the MOASS will take a long time. + +This is FALSE. The MOASS is imminent. Don't fall for this tactic and start putting your money someplace else because 'oh, GME is going to stay still anyways and it can wait until after this new coin or stonk I found'. + +Citadel is on its death bed, the volume is susceptible to buying pressure of any sort and not to mention all the recent developments. A whale, a law or even a tweet can prove to be the catalyst that blows this thing up again. + +DO NOT LOWER YOUR GUARD. Do not make the mistake of thinking this rocket won't take off next week. Buy whatever you can, leave your other investments for post-MOASS. + +The hedgies don't want the squeeze. If they see no way of preventing it, they want as few people to benefit as possible. Know your enemy. + +This is not financial advice. +I've been thinking about starting to invest for some time and I think now is a good time, because I've finished university recently and have become employed full time and I would appreciate any sort help on this matter. + +**About me:** + +* I'm 24 years old software engineer from Slovenia +* Income: **1300€** net (post-tax) +* Expenses: around **500€** \+- per month + * rent: 200€ + * food: 200€ + * misc: 100€ (expenses such as medical insurance, etc.) +* No car (don't plan on getting one for the next 2-3 years) +* No dept of any kind +* No wife / kids that I would need to take care of, however this will likely change in the next 5-6 years +* Emergency fund: **6000€** (approx 12 months) +* Savings: **10k €** + +On top of my current savings, according to my expenses that I've been tracking over the past couple of months, I'll be able save around **800€** per month. Now, I don't have much clue what to do with this. + +From my poor understanding on the matter, I should initially invest a portion of my current savings, either in a one time effort or spread out over the next couple of months. And after that I'd plan to continue investing a portion of what I save each month from my pay check on a monthly basis. **ETFs** seem to be the preferred way to go about this. + +I'm interested in investing for the long term as my country has tax laws that benefit this (if you own said assets for a period of 20 years or longer, you aren't taxed at all upon sale and the tax reductions start at the 10 year mark). Also, if I understood correctly, based on my countries tax laws I would only be taxed on dividends that I actually receive so I'm assuming an **accumulating ETF** would be a better choice for me (however, I have to investigate this further). + +As far as investment platforms go, I've been looking at **Interactive Brokers** and **Trading212**. I see people here go for both, but I can't seem to work out which would benefit me more, so help would be appreciated here. Also, DeGiro is not available in my country. + +I know questions like these are asked quite often and I've been reading a lot about finances lately but I still feel very new to all of it so I thought I'd ask here anyways. **Does anyone have any recommendations, such as how to go about this, how should I spread my savings across investments, which ETFs should I look into and which trading platform to choose, etc?** + +I'd appreciate any kind of help as this is both very overwhelming and somewhat scary with no prior experience, + +Kind regards. +Like other apes I have held through Fidelity, and quite frankly felt confident in the integrity of Fidelity. Friday, was some of the most criminal shit I think I’ve seen since January. What is funny is this entire cycle is just going to continue. I am TIRED of the BLATANT manipulation. So fucking over it, and you should be too. If you are reading this and you have not direct registered, it took 10 minutes of my morning. + +I am open to any DMs from ANYONE that has ANY questions about the process. The transfer is binded to your social security number. The transfer takes two days. There is a .00000001% chance you will miss the MOASS. + +That’s about it, hope everyone has a nice Tuesday. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +A multi billion dollar bank will charge a struggling single mother 30$ for running out of money. + +Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage. + +Scalable smart contract protocols within Ethereum and Cardano fix that problem. + +Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. + +Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference. + +Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry. + +Bitcoin says 21,000,000 to exist for eternity. No more, no less. + +Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it. + +Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. + +If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan. + +What plan do the banks have to compete? +Every industry is suffering from lack of employees. Be it education, health, retail, hospitality. One train of thought was that Australia relies so much on immigration / overseas workers that when covid hit and a lot of people went back overseas, we lost a lot of the workforce. However the rest if the world is facing the same situation. The US, Asia, Europe - every nation is asking - where is everyone? Does anyone on /Ausfinance have any thoughts on this? +I am 24 (going to turn 25 soon) and after college I accepted a job that completely ruined me. I started to get extremely bad depression and anxiety and had to quit. I was unemployed for around a year (working side jobs like DoorDash) and accumulated a lot of debt from that - a little over $15,000 + +In October last year I got a new job making $63k and about a month ago they raised my salary to $90k. 🥳 So, I have been making very aggressive credit card payments since I got my raise, but my interest is 21%... It seems like whenever I make a credit card payment, I get hit with $250 worth of interest. It's a never ending cycle and it is so discouraging. + +I recently have been looking into getting a personal loan and I have found two really good options with Upgrade. Both require me to give up my car title as collateral. My car is fully paid off and is probably worth around $10,000. My APR would be around 9%, which would greatly reduce my stress. I kinda just wanna know though - is this a good idea?? + +I can also do a personal loan with my debit card company (TD Bank) for 13% APR, without my car title as collateral. Upgrade is offering me a personal loan without collateral for 12% APR. + +I have not added to my CC in around two months and I can truly say I do not think I will fall back into CC debt if I did take a personal loan out to pay for it. I have been on a very strict budget with myself and with my new income - I can comfortably afford all my bills. + +For the 36 month option, the payment would be $450 - which I can make. For the 60 month option it will be $250. A part of me is wondering if I should go for the 60 month option just incase there's a month or two where I cannot make the $450 payment or if something were to happen with my job (which I doubt will happen but you never know) What are your thoughts? Should I use my car title as collateral? And which month term should I make? + +Edited to add: I really don’t need your judgement or comments about my situation or “how did you get into that much debt?!!!” What’s done is done. I don’t need to be told that I’m a POS for even having debt when we’re living in a year of rapid inflation. Congratulations if you feel like you wouldn’t have this problem. That does not help me in any way. I just wanted advice on how to cut down on the interest, not opinions. +There seems to be a lot of misinformation regarding Reverse Repo Operations so I figured I would try to explain it so we can understand why it's happening and how it may effect us. + +**First off, Why does RRP exist?** +Reverse Repo Programs work to control Short Term Interest Rates, and thereby liquidity in those markets + +When SHORT TERM rates threaten to turn negative, the Fed steps in to set the floor. Why are short term rates pushing downward? People are moving into short term fixed income because they don't want to go into longer dated securities that could depreciate in value if inflation continues. + +I'll try to describe this in fairly simple terms, but know that it is much more complicated than how I describe it below. + +> **Think of it like this:** + +> **1. Inflation worries kick in.** Prices will be higher in the future than they are now, so fixed income investors want more yield to compensate. That way their real returns aren't negative. + +> **2. 30 Year Treasury Bond Holders see their treasuries market value drop and their YTM increase as new issuance rates trend higher**. New treasuries entering the market have better yield so the old treasuries that were issued at lower yield drop in price as they effectively are paying less annually. + +> **3. The Fed buys bonds and distressed debt** They do this to set a "floor of sorts" on the price of these assets. If the price of these assets drop substantially, there could be a sell off, which would only compound the demand for higher yields to assume the risk with these fixed income assets. By purchasing these longer dated assets, they are introducing money into the system, inflating asset values, increasing liquidity across the spectrum and weakening the dollar. This in conjunction with 0 reserve requirements means there is a lot of CASH floating around. + +> **4. Investors Don't Want to Assume Risk** Cash Hoarding is apparent, which goes against the idea of inflation. Yet, this is directly a result of the Monetary AND Fiscal Expansionary Policy. Lower taxes, stimulus checks, asset purchase programs, reduced reserve requirements, low Fed Fund Rate. All being used to prop up the market. So investors are okay with LOSING money (holding cash) to not assume risk. This would, depending on your school of thought, infer that asset values are inflated and inflation will not continue. Asset values should decrease. But they aren't, why? + +> **5. Where to go? Short Term FI** The Fed recognize that much of this inflation is their own actions. These actions force people to assume less risk. Investors know that long term FI is inflated AND not paying enough to deal with inflation, so why not just assume 0 risk and deal with losing a little more in the short term? Treasury issuance is down and the Fed is trying to unwind their balance sheet, so, once again, short term rates trend negative. This places a lot of demand on the short term FI market. People are buying up Money Markets, Treasuries low in duration, etc. Fannie Mae and Freddie Mac are only allowed to invest their cash in short terms markets backed by government securities, demand being high in that area places added pressure. Simply put, investors have fewer places to park their cash short term, and rates run the risk of going negative. + +> **6. Fed Sets the Floor** The Fed comes in and sets the floor at 0% with their Reverse Repo Program. Essentially they tell these banks, MMs, etc. We can ensure you're not Paying others to hold your cash, we'll hold it and pay you nothing, but at least it will be worth the same tomorrow (nominally, not in real value). But there's only so much demand for this. Optimally, investors want their cash to be worth the same tomorrow as it is today, in real terms (factoring inflation). This has not been the situation since pre-covid. + +> **7. What's the goal?** Now, the Fed have upped the RRP to .05%. They want to drive up the floor slowly. Doing this will add demand for short term securities and reduce liquidity in the market as cash is being used rather than going to risky assets that have inflated values (which would only serve to put more pressure on inflation). The hope is that investors will utilize RRP until the deemed riskiness of other assets subsides post covid and inflation expectations subside. The Fed are going all in on managing expectations of inflation while hoping the economy recovers. Once riskier assets are deemed safer, the Fed can unwind their risky assets at fairer value, the liquidity doesn't return until the Fed reduce theirs, and inflation worries are subsided. + + +**How much is .05%? Who's getting paid?** If a bank places 1 Billion in the RRP, they'll receive 1,388.89 daily on their placement. This is what they would receive from the Fed for placing their cash with them. A lot of the investors utilizing the RRP are Money Market Funds looking to keep their yield high enough so that retail/institutional investors stay in the funds. + +**EDIT (to show the calculation on interest):** +> *Repos are done on a 360 calendar year along with being done on a yield basis* + +> Reverse principal + Interest = Reverse principal *( 1 + (y * t / 360)) where y is the yield or REPO rate, t is maturity of the reverse REPO + +> Therefore, to solve for interest, + +> 1,000,000,000 + INT = 1,000,000,000*(1+(.0005*1/360)) + +> 1,000,000,000 + INT = $1,000,001,388.89 + +> INT = 1,388.89 + +These are done as an agreement of repurchase. The Fed gives bank a "security" with the promise to repurchase later at the higher price. + +**What does this mean for apes and GME?** Decreased liquidity is only applicable for risky assets that investors have the option to avoid. If a hedge fund is margin called, they will want to unwind other non-risky, uncorrelated positions first. They'll attempt to keep correlated positions (like AMC on a GME squeeze) so that they can capture some of the upside. So they'll first utilize cash-like securities if possible. This is why one could reasonably make the connection that increased RRPs means more gunpowder for covering their assets during a squeeze. While it's possible, it likely won't be a catalyst, only a possible sign that the market is deeming there is more risk "somewhere" in the market. That could be anywhere: in treasuries, other equity, ABS, MBS etc. + +The other issue arises if investors deem the banks as risky. THIS IS THE MAJOR THING TO WATCH. It's important to keep an eye on the relation between the RRP rate and the IOER (rate the feds pay bank reserves). Bank disintermediation essentially means investors seek parking their assets in MMMFs (Money Market Mutual Funds) over the banks themselves who are subject to deposit insurance. Banks losing consumer cash due to withdrawals, means reduced liquidity, lower revenues and increased expenses. They can't leverage as much, and then borrowers aren't able to receive the loans they may require (especially post covid). Corp rates, MBS and CREs especially see higher rates which could lead to lower profit expectations or even bankruptcies. + +Unfortunately, there are so many pieces, all interrelated that it's hard to discern exactly what will happen, let alone, could happen. What is clear is that we are near a ledge that is very susceptible to falling off the edge. The RRP is good to look at, but it likely won't be the catalyst to a squeeze, just a implication of what is happening on a more macro scale. Expecting RPPs to be correlated to GME price is FUD. I know all I have to do is hold. There are many possible ways we could take off, but relying on the idea that any particular catalyst is the ONE, and only ONE, is damaging. + +**tldr; RRPs may not be the catalyst we are after and it's correlation with GME should not imply causation. It does imply a lot of other issues in the economy and is definitely something important to keep an eye on.** +#What it means to us + +MyEtherWallet is probably the most used wallet interface out there. + +It has helped many of us to store (for some people huge amounts) of ETH on their offline devices. + +#The two people who made it + +All thanks to the efforts of /u/kvhnuke and /u/insomniasexx (Taylor) + +2 persons who wrote all of that code that you are using, during the nightlye hours they had left after their day job. + +#Coding effort: they both meant alot + +insomniasexx has performed 1080 commits, kvhnuke has performed 404 commits. + +I know, I know. For code, these numbers don't give the whole picture, but based on this and based on how I know these 2 individuals, I think **it's safe to assume** that they both had a 50/50 influence on the code base. + +My point is, Basically, we wouldn't have MyEtherWallet if we didn't have either kvhnuke or insomniasexx + +#The Twitter handle + +The Twitter handle was in the hands of insomniasexx , and in the past 2 years, on the rare moments she wasn't writing **your** code, she was making sure the Twitter account for her product was being used extensively. + +With **5,779 tweets** sent out, and gathering **a followers base of 78,900**, that's a pretty darn job. + + + +#You + +Now you can put your popcorn away because this isn't actually a kvhnuke vs insomniasexx story. + +This community. You have used the MEW code to make life easier for yourself. To secure your hard earned money. And when there was panic in the room, they scrambled to fix shit. You demanded that. And they did it, for free. + +They worked their asses off for your convenience, and when you gave them shit, they read it and continued to improve their product. For you. For free. + +#Baby split + +Today something happened. Something went wrong between them and it was time to fork. We don't know what happened behind the scenes. But they've decided it was time to part ways, splitting their baby into identical twins. + +A name change for one of the forks was necessary, + +because you can't call your baby twins Sarah and Sarah, now can you. + +kvhnuke was the chosen one to keep the original name. And Taylor had to rename her baby to MyCrypto. + + +The Twitter handle, "that other" job that Taylor had, you know, the one of posting 5,779 tweets, gathering 78,900 followers and answering their questions, keeping them updated. **That Twitter account was hers to take with her.** + +So she thought it was okay'ish to rename it along with the renaming of her baby: MyCrypto. + + +#You + +And then there was you again. You with your opinions. And your criticism. Like you always do. You aren't thinking about those ETHs that are sitting in your cold storage, or those tokens you bought through the MEW interface. Or the TheDAO token recovery process you followed back in the day for extra ETHs. + + +No. + +You think this person who wrote 50 % of that code you've been using, did something **very very evil**. + +She dared. To change. The Twitter handle of MEW. + +#How could she!! /s + + + +Aren't you ashamed? I've been part of this community since 2015. I've seen the birth of MEW and how important it always has been for the growth of the Ethereum eco-system. I dare to say it has significantly sped up development and adoption globally. + + +I'm embarrassed in your place. + + +Only a fraction here seems to know what I wrote here above. I have heard people today who said **they don't know who Taylor is** but are convinced she is supposedly a thief either way who "stole" a twitter account. + +I'm so embarrassed in your place. + +Can we please all stop this whole "report this" and "boycot that" mantra? + +tyvm +I strongly believe ADA is over-hyped. Over the many years there were many "Ethereum-killers" that came out from NEO to EOS to Tezos. Each time people were saying the same things like "Yes, now this is definitely the one that will replace Ethereum and I haven't missed the boat on it" and guess what they never did. This is the boat I believe ADA is in. It isn't all just about the tech. Smart contracts are currently not as big in the world to the point where superior tech makes that big of a difference (hence why all the other "Ethereum killers failed" even with better tech). Ethereum has such a huge network effect as well as first-mover advantage where I can't see it getting flipped any time soon, especially with EIP 1559 coming out in July and ETH 2.0 being fully released (within a year?). At this point, most people/whales that are buying ETH are not in it for the tech but for what it is - the second most valued crypto (and generally more stable than the altcoins). Do I see ADA raising in value in the short-term or mid-term? Probably (assuming they deliver on what they say). Do I see it ever competing with ETH in the long term? Definitely not. Let the downvotes and hate comments commence, but hey you guys wanted a real unpopular opinion lol. +My first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) on this topic about 2 weeks ago had its flair changed to speculation by the mods as there was not sufficient evidence to support my theory that tokenized "GME" shares were being used as locates for short sales in the stock market. Fair enough. + +**I'm labeling this one as DD and I stand by it.** + +https://i.redd.it/ay42izyd0t4a1.gif + +\--- + +Same as last time, here's a legend for the post; + +1. Prologue +2. Tokenized Equities + 1. BIS & Tokenized Equities + 2. Project Helvetia +3. Uniswap & Liquidity Pools +4. "GME" tokens +5. Wrapping it up with FTX + +\--- + +# 1 - Prologue + +I am fascinated by **TOKENIZED STOCKS**. + +Quick reality check for all the immediate naysayers; + +Member when we discovered the GameStop NFT landing page in May 2021? The one that evolved into the NFT marketplace? + +[member?](https://preview.redd.it/amxf4bji0t4a1.jpg?width=749&format=pjpg&auto=webp&s=95509782864e21a308a516ff318fab9f1be4ab10) + +And member when we discovered a series of easter eggs that led to the hidden bananya cat game game and this message? + +[member?](https://preview.redd.it/ntbh007k0t4a1.jpg?width=1280&format=pjpg&auto=webp&s=37c2297ea83c3f3944b5eb0ccb0b2fbc9866311e) + +Well the Ethereum contract listed on the official landing page was 0x13374200c29C757FDCc72F15Da98fb94f286d71e, **which just happens to be one of the many "GME" tokens -** [**Gamestop**](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +And the [solidity code](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) for this contract has the same message from the website easter egg; + +[member?](https://preview.redd.it/iyth9x3m0t4a1.png?width=677&format=png&auto=webp&s=8d1d44b082fdf907b43b84477e12e4f86bacd935) + +And and it was [minted on May 25](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d), the same day Ryan Cohen Tweeted '*Don't Try This At Home';* + +And and and the contract for this token has multiple interactions, all of which oddly failed due to lack of gas, including 3 directly [from](https://etherscan.io/tx/0x8d610998e2572692232c2abec0e3f491996b6b6c003e87d036253abab87216a1) Matt Finestone on Dec 2, Dec 4 and Dec 7, 2021; + +*tOkEnIzEd GaMeStOp ToKeNs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +# 2 - Tokenized Equities + +What the heck is even that? Well, officially; + +>[Tokenized equity](https://www.investopedia.com/terms/t/tokenized-equity.asp) refers to the creation and issuance of **digital tokens or coins that represent** **equity** **shares in a corporation or organization.** +> +>With the growing adoption of blockchain, businesses are finding it convenient to adapt to the digitized crypto-version of equity shares. Tokenized equity is emerging as a convenient way to raise capital in which a business issues shares in the form of digital assets such as crypto coins or tokens. + +In theory, they offer flexibility in and better access to fundraising, decrease restrictions that may genuinely hinder some businesses and bring all other benefits of blockchain to equities like verified voting, dividends, mergers, acquisitions, etc., but like all things, people can be shitty when given the chance. + +And this gives them a big chance. + +IMO DEX tokenized shares would be a great idea, but what we got was CEX tokenized shares. + +**And CEX is for dummies.** + +# 2.1 - BIS & Tokenized Equities + +In case you missed my [post](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/) on the Bank for International Settlements (BIS), here is a great [video](https://www.c-span.org/video/?313679-1/tower-basel) again of the author, Adam LeBor, of the book *The Tower of Basel*, summarizing the history and the current structure of the BIS. **Watch it.** + +He explains how the BIS is the central bank for central banks. What they say goes. + +**And what they're saying is that tokenized equities are meaningful and CBDCs are 100% coming.** + +\--- + +The following two documents are BIS's updated global legislation on crypto assets and **tokenized securities** from June 2021 and June 2022, respectively; + +\--- + +[**Consultative Document #1**](https://www.bis.org/bcbs/publ/d519.pdf) **- Prudential treatment of cryptoasset exposures;** + +https://preview.redd.it/7vp994zuge4a1.png?width=646&format=png&auto=webp&s=05bbba2af5be07cef1c7946fff03e375bbe1f1ba + +Ok firstlies, banks have limited exposure to crypto assets, yet banks face increased risks with the growth of crypto assets? Hmm. + +Secondlies, it is BIS's official stance that the risks involved are; + +* consumer protection + * Protect *who* exactly? Protect them *how?* from *what*? They conveniently left out any elaborations. I wonder why. +* money laundering + * Takes one to know one. +* terrorist financing + * See above. +* carbon footprint + * Fixed that. + +What's next? Oh wait, that's all they had... Terrorists and energy consumption. Fucking L-O-L. + +https://preview.redd.it/hs7q5mijhe4a1.png?width=624&format=png&auto=webp&s=65ce59cc13cd91f6ba0e7087db2e262d73ad187c + +**The BIS says tokenized assets must have adequate reserves.** Take that, SBF. + +https://preview.redd.it/p5vcblq7ur4a1.png?width=702&format=png&auto=webp&s=f746c498185d9b7008d921f891571cf4112361fb + +*"If you (any Central Bank) even* ***look*** *at anything crypto, we have legal access to your books, because fuck you, we're the BIS.."* + +\--- + +[**Consultative Document #2**](https://www.blocktrainer.de/wp-content/uploads/BIS-Bericht-2022.pdf) **- Second consultation on the prudential treatment of cryptoasset exposures'** + +https://preview.redd.it/cxg0zht8wr4a1.png?width=667&format=png&auto=webp&s=621a22f81f06a9819d63176c5feb57c722f05db9 + +*"We're still worried about being out of a job but don't want you to know we're worried about being out of a job."* + +"*Also tokenized assets are for real for real."* + +https://preview.redd.it/83dgn8szxr4a1.png?width=747&format=png&auto=webp&s=f9e3f83ec3a224a2a9dab242facfc45d3630b04b + +Look, there's a whole whack of legalese that, to be honest, is well above my pay grade, however the point I want to emphasize is simply that the bank of banks has been working hard to define crypto and tokenized asset definitions, exposure limits, risk calculations, etc. + +If someone ever tells you these assets are just fluff, show them these documents. + +# 2.2 - Project Helvetia + +[SIX? More like DIX amirite?](https://preview.redd.it/j1dakpcf1t4a1.png?width=475&format=png&auto=webp&s=8b4b1dd85258a9e4cf6c2c31b28a43fb1b468216) + +[Project Helvetia](https://www.bis.org/publ/othp35.pdf) (Latin for Switzerland) is a **joint experiment** by the **BIS** Innovation Hub (BISIH) Swiss Centre, SIX Group AG (**SIX**) and the Swiss National Bank (**SNB**), **exploring the integration of tokenised assets** and central bank money on the **SDX platform** ^(see below) + +Quick recap on these 3 entities; + +* *BISIH* **identifies**, in a structured and systematic way, **critical trends in technology affecting central banking** in different locations, and develop in-depth insights into these technologies that can be shared with the central banking community. +* *SIX* **operates the infrastructure for the Swiss financial centre.** The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company is [owned](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) by \~130 domestic and international financial institutions (can't find specifics?), which are also the main users of its services. (Like the FED?) + * SIX [Board of Directors](https://www.six-group.com/en/company/governance/board-of-directors.html#shareholding), [Governance](https://www.six-group.com/en/company/governance.html), [2021 Annual Report](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) + * [**SDX**](https://www.sdx.com/) \*\*(\*\*SIX Digital Exchange), "*the world’s first fully regulated Financial Market Infrastructure offering issuance, listing, trading, settlement, servicing, and custody of digital assets"* +* *SNB* \- Swiss Central Bank + +Wait a second, a lof of Switzerland happening here? **Isn't that where FTX had its custodian CM-Equity AG "*****hold*****" it's "*****stock reserves*****" for its tokenized stocks?...** + +u/tjoma90 I would love to know your thoughts. [Post](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) for reference. + +\--- + +I won't go into the all of the details because that's not what I want to focus on (totally not because I don't understand it...), but the TL,DRS is that **BIS, SIX and SNB have** **~~conspired~~** ***cOlLaBoRaTeD*** **to create** **a private,** **permissioned, peer-to-peer blockchain for central banks with hierarchical access to the ledger and SDX as the central authority**. + +https://preview.redd.it/66prae3lgd4a1.png?width=399&format=png&auto=webp&s=ad881ce76d91cc907356903e5383c8ecded13115 + +[Yeah, this is going to be fine. PAUSE NOT!](https://preview.redd.it/cuxechsq1t4a1.png?width=529&format=png&auto=webp&s=525b6b54fe8bbbddfd4c4804101f22de32249d8f) + +https://preview.redd.it/opj0yah9cd4a1.png?width=469&format=png&auto=webp&s=0cffdbcbf327d4da1070f0f99269d8fa6d1e0931 + +https://preview.redd.it/8lfqhp36nd4a1.png?width=541&format=png&auto=webp&s=6e801c472942ee62b7769dc902cadf5b9cb985b4 + +There you have it folks. **Don't ever let someone tell you that CBDCs aren't coming or tokenized assets are meaningless.** Here you have the tippy top of the pyramid of modern global financial institutions discussing the topics, and how they [**already went live**](https://www.ledgerinsights.com/six-digital-exchange-sdx-first-digital-assets-this-year/) with part of their ~~intervention~~ *solution to stay modern* **back in** **November 2021.** + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/io3gc75o2e4a1.png?width=579&format=png&auto=webp&s=7a79987467db1f016da44b130631a80a7cdf6ccd) + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/0tbdta6p2e4a1.png?width=558&format=png&auto=webp&s=476d27dc6521560ed0bde7ec8e91fa8a5391e63d) + +Aside from the mechanics of their proposals, let's look at the language they use in the following legal sections; + +[\\"CBDCs won't be bad at all!\\" ](https://preview.redd.it/khc2j89q2e4a1.png?width=522&format=png&auto=webp&s=325bfaabbbe2862a9ded67704973bbd7504bfd59) + +[\\"we will need a global effort to change all the laws to allow CBDCs\\"](https://preview.redd.it/cxxg6sdr2e4a1.png?width=534&format=png&auto=webp&s=5b4bc72075037b3270660be139a3ffb4641edc42) + +They want CBDCs, **badly**. + +Why? IMO they saw the writing on the wall. "Join or die" is ever prevalent in this transition away from fiat currency to cryptocurrency, and CBDCs are a last-ditch effort to "compromise". Well, tough luck asshats, you're trying to offer better horse-drawn carriages when Henry Ford has already showcased his automobile - the Ford Broncass. + +**No thanks. I'll take the car.** + +# 3 - Uniswap Liquidity Pools + +Before we hop into the matter at hand, we need to review what **Uniswap** is. The mechanics are not overly important but you'll see why this is relevant in section 4. If you know what Uniswap is or don't care about its mechanics, skip ahead. + +\--- + +**Uniswap is a decentralized cryptocurrency exchange (DEX) that facilitates automated and permissionless transactions of** [**ERC20 tokens**](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/) **through the use of smart contracts.** + +It's like a currency exchange booth at an airport except it's decentralized and you exchange Ethereum tokens on the blockchain rather than cash, and you pay a **very** small fee (\~0.3%). Meaning if you wanted to exchange $1,000 of XYZ token, it would cost you around $3. All automatic, trustless and guaranteed by math. + +Traditional exchanges price assets based on the *order book* model, where all bid and ask prices are recorded and once there's a match, a trade is conducted. In this model, liquidity is determined by the amount of offers on both sides of a trade and the price of the assets is based off of the most recent trade. + +Uniswap prices assets differently. Rather than having the last trade determine the price of an asset, **a deterministic mathematical formula is used, called an Automated Market Maker (AMM).** Assets stay in liquidity pools, which are a shared pool of assets deposited by liquidity providers (LPs). Why would you want to become an LP? Pretty simple - because you can collect fees. Anyone can create a liquidity pool or become an LP. + +More specifically, Uniswap uses an AMM called **Constant Product Market Maker Model**, which is represented as "X\*Y=K". This can get quite complicated but in a nutshell this means that any one specific liquidity pool has a constant ratio of assets, K, comprised of a pair of two tokens, X and Y. K is called the constant because the *amounts* of X multiplied by Y is always the same. + +If X is purchased from the pool, there is a lower supply making it more valuable, so the price goes up (**within that liquidity pool**). + +https://preview.redd.it/h7mi67891t4a1.jpg?width=1400&format=pjpg&auto=webp&s=af9d78987d34177f29b1014ba2acad03f0071d38 + +For example, let's say I want to make a liquidity pool with 100 apples and 10,000 oranges, so people who have either can exchange for the other, in this instance at a ratio of 1:100. Using the AMM model the constant K would be 1,000,000 (100\*10k). If person A buys 10 apples, there are only 90 left in the pool. Our constant has to stay at 1,000,000, so the cost for this transaction will be 11,111.11 oranges (X/K\*Y). This means person A would need to deposit 11,111.11 oranges to buy 10 apples. + +Ok yes yes yes math, but why do we do this? Well, **it's because the price of assets in liquidity pools are determined by how much you want to buy, not by how much someone else wants to get for it.** This keeps liquidity in the system without the need for external market makers regardless of the order size or amount of liquidity. If someone uses your assets to trade 10 times a day, that's a direct peer-to-peer, permissionless and **taxless** 3% ROI per day, 9% per month, 108% per year, etc. Not bad. + +This model makes it infinitely expensive to consume the whole amount of a certain token because algebra. If someone buys most of the apples, the contract just makes the next person pay more oranges for the amount of apples they want. This happens until someone wants to trade a bunch of oranges for apples and balance is restored. + +There have been 3 different formulas that Uniswap has used; + +**V1 Formula (Nov 2018) -** Trading of ETH to ERC20 tokens only + +**V2 Formula (May 2020) -** Trading of ERC20 to ERC20 tokens added + +**V3 Formula (May 2021) -** Adjustments to the math to incentivize providing liquidity + +# 4 - "GME" tokens + +From my previous post I thought there were only a handful of GameStop-related tokens. Well, I found a few more, as well as a buttload of sequential "GME" liquidity pools from Uniswap... + +|**Token Name**|**Supply**|**Uniswap Liquidity Pool**|**LP Contract Creation**| +|:-|:-|:-|:-| +|[Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)|0||| +|[GameStop Token](https://etherscan.io/token/0xcccf4a3440e22ae7f5dd6c691b56f56b4109a6bc)|100,500|[Uniswap V2: GME](https://etherscan.io/address/0xa483b75af801a666f09e516f2da71de9eae610f0)|[Jan 26, 2021](https://etherscan.io/tx/0x224ca3345efbe4f1b8d85c8c69af5eab8ec8cfcf0b58135f8ee11c25f589ce02)| +|[Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496)|10,000,000|[Uniswap V2: GME 2](https://etherscan.io/address/0x2ad68a7aee76661b7f31bbac0147fb9e341aec30)|[Jan 26, 2021](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f)| +|[GameStop](https://etherscan.io/token/0xb4d1ae6a19b9ac217a522264bc6d43263d3e5e39)|20,000,000|[Uniswap V2: GME 3](https://etherscan.io/address/0x6ca8cc19d48e28ebb91e43e2a720aa75ce5a522e#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0xf15ed473a5384814d98afc2fd1c088563c10e464d1326deb68c111c70825b466)| +|||[Uniswap V2: GME 4](https://etherscan.io/address/0x1392a715d90c1b1e857ba136e4dec78ebab1f64a#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0x339b0560b2dae8639830131105645590d7f8422e1fe79bf35bd15bfd1910190c)| +|[GAME-STOP](https://etherscan.io/token/0xdb3d6e48caab4d22b3e448afff98f05ee0ba76a2)|61,500,000|[Uniswap V2: GME 5](https://etherscan.io/address/0xd5d611ad3e8e3b91478f73dc768bc48779509250#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0x8470fb9f4a142fcd5c3e58428155aa40fa81d3f95e7f2edc1db01aaa9d8d2726)| +|[GameStonk](https://etherscan.io/token/0xa4f635f8cee91f8ac1ff7b4163acf69617a37835)|21,212,121|[Uniswap V2: GME 6](https://etherscan.io/address/0x015af781ebb2d1dea0c09927164b327d716853ed#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0xbee60faa238e6a883085a7180e2d9e89ad8ba3d7bfba30a88090d713c29cbabe)| +|||[Uniswap V2: GME 7](https://etherscan.io/address/0xfdfbbc9907dc223f1b4cd9dfb19b7efd02f4cbc4)|[Jan 29, 2021](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81)| +|[GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669)|1,000,000|[Uniswap V2: GME 8](https://etherscan.io/address/0x806e128faea66172e77ceb86821e0a1fcaf5a669)|[Jan 29, 2021](https://etherscan.io/tx/0x87b1652092075ca3046df1dd34239d830e5057f6b30a9718168a9a61bbda0f6c)| +|||[Uniswap V2: GME 9](https://etherscan.io/address/0x3cdde7248c38f5c2fc4cb2c6967893f96c2aba84#tokentxns)|[Jan 31, 2021](https://etherscan.io/tx/0x61e6b9b63447119d5d4b3100b222d51ce9e6b1e3fb3aeaa6af76020b6c60c8a0)| +|||[Uniswap V2: GME 10](https://etherscan.io/address/0xa4662500606f265a9e5ac172f46f0c19e994dce1#tokentxns)|[May 12, 2021](https://etherscan.io/tx/0x60d091a2f36bf99253983906a57f12e2d672950b6a03f7be28a92fb551e26450)| +|[Gamestop NFT](https://etherscan.io/token/0x2cc0881c94dabba25cd00ff4cd1e0ff1e92436f1?a=0xeff36a4ecc2ac45c45447e0025899ad4eb945f29)|1,000,000,000,000|[Uniswap V2: GME 11](https://etherscan.io/address/0xeff36a4ecc2ac45c45447e0025899ad4eb945f29#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0x867d5cfbc05c56f749aedb3b57d040aaf64b1450b0f28f1b53354c97b0c7398e)| +|||[Uniswap V2: GME 12](https://etherscan.io/address/0xa122820e399a05b1bd6827b8335575a8dd40376a#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0xca6046d615923bc58d7dd7ab94477608a22f643b5a1e17201a4c28c36746e0d0)| +|||[Uniswap V2: GME 13](https://etherscan.io/address/0x7f6c6e5f9448e412f0ef51d4b9a855dd3d6d2332#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[Gamestop NFT](https://etherscan.io/token/0xdc81caf6aadc9fcc495200f8c7c759d45ed9897e?a=0x9871b07986322ebda563f01a3fad0c85efbb8089)|1,000,000,000,000,000|[Uniswap V2: GME 14](https://etherscan.io/address/0xbe5096b60047b4711531b0190c5c014e2063f546#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d)|69,420,000|[Uniswap V3: GME 2](https://etherscan.io/address/0x66fc46c48522138b569516911f2efdc018b5f4dd#tokentxns)|[July 3, 2021](https://etherscan.io/tx/0xb054bd0abf7d4ba3f27b5ad0c89e6468fe1ff7a196a366f56d5f93179d9bd0f4)| +|[GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x375555b23685517cbcb410e68cc07af1f99bb1f8)|12,000,000|[Uniswap V3: GME 3](https://etherscan.io/address/0x375555b23685517cbcb410e68cc07af1f99bb1f8#tokentxns)|[July 10, 2021](https://etherscan.io/tx/0xc70a3acbf016ac226821df3dda9e14be0cce899c2aac7a2b985c92cfd7dbc2a2)| +|[Gamestop Inu](https://ww6.etherscan.io/token/0xefaf43c09475753e8d41ddc902173152beb65155)|1,000,000|[Uniswap V2: GME 19](https://ww6.etherscan.io/address/0xf3256521be2f602caeffaa472ef2d97ef704e6fc)|[Sept 29, 2022](https://ww6.etherscan.io/tx/0x4dfc2f37710921e42a449ed59b26cac4e4e97a0635d43438582279f356f67fac)| +|||[Uniswap V2: GME 20](https://etherscan.io/address/0x47dcded86ca22e70992052a52703c8126931e8a0)|[Sept 29, 2022](https://etherscan.io/tx/0xf5a6d13b94f0fd27fc597821bcafcbfa0a313f5be23e8b01d410685522356ec3)| +|[GAMESTONK](https://etherscan.io/token/0x8bd55a8243bfb120b7f9aeb4a270d9be0dff423e)|1,000,000,000,000|[Uniswap V2: GME 21](https://etherscan.io/address/0x488a031afd1dea642b8d077f4312fb230396521e)|[Oct 2, 2022](https://etherscan.io/tx/0x9c64f3687cb788be6006bcf22cfe900cb029205a9cb89995cf0434b0a30e5149)| +|[GME Token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a)|1,000,000,000,000,000|[Uniswap V2: GME 23](https://etherscan.io/address/0xa67bc51561aef523aa268de9aea53765502ff1eb#tokentxns)|[Nov 6, 2022](https://etherscan.io/tx/0x38efd838e8073b2210a3b68b65b68fe3d86880f6da8536a4dd8b638f3f9ae0d5)| + +Fun facts: + +* Every one of these swaps involve Wrapped Ethereum because Eth is not an ERC20 token and Uniswap only deals with this standard. +* [*Gamestop*](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)*,* the token and contract listed on the official GameStop NFT parking page currently [holds](https://etherscan.io/tokenholdings?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) 69,420.69 [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (\~0.1% of the supply) and 6M [GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (50% of the supply) +* Uniswap V2:GME 7 was [ENS registered](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81) as "GameStop: Delpoyer" on Jan 27, and [sent 500k](https://etherscan.io/address/0xb6d320ee25b334070aad806638cb493fdbf30dc4#tokentxns) of [GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669) tokens to a contract called [PostBootstrapRewardsDistributor](https://etherscan.io/address/0x8d208815a43247a6313a52e512e9f9e767ea4492#code) +* Liquidity pool *Uniswap V2: GME 23* holds [**438 million %**](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a#balances) of the supply of *GME Token* +* The Uniswap icon and ticker is the same on all of the above tokens + +# 5 - Wrapping it up with FTX + +Ok ok ok, let me onceuponawrapitup for you. + +On Jan 26, 2021, [FTX minted](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9) 10M Wrapped Gamestop tokens, depositing 2.5M tokens each to 4 addresses; FTX Exchange, FTX Exchange 2, Serum Deployer... and a 4th [address](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66)... **whose first order of business was to DEPOSIT THESE ('add liquidity')** [**INTO THE UNISWAP LIQUIDITY POOL**](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f) **FOR THIS TOKEN.** + +**The following day, Jan 27, 2021, SBF himself** [**released**](https://twitter.com/SBF_FTX/status/1354383268657778689?s=20&t=TcvKVkzZtzf4ACLjm-_53A) **the "official" "tokenized GME" on the FTX platform, product "GME-0326".** + +**The same product that recently (pre-bankruptcy) had a** [**discrepency**](https://www.reddit.com/r/Superstonk/comments/yr3byw/gme_tokenized_stock_33_per_ftx/) **between the token price and share price.** + +**The same product that was possibly used as** [**locates under DTCC eligibility of hybrid securities.**](https://www.reddit.com/r/Superstonk/comments/yvg6bq/gme_tokenized_stocks_used_as_locates_under_dtcc/) + +**The same product that** [**can be used by JP Morgan for collateral.**](https://www.reddit.com/r/Superstonk/comments/yu8204/onyx_by_jp_morgan_allows_tokenized_stocks_to_be/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +**The same product that was included in the W5B-1230 FTX futures contract that increased linearly from $795 to $52.6k a few weeks ago** (outlined in my first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) section 4, ^(the screenshots of which look to be scrubbed? oh well hehe, I still have them saved hehe) ). + +^(Also, all FTX webpages now conveniently redirect to legal filings due to the bankruptcy, not surprising, but what's odd is even the multiple confirmed screenshots saved on) [^(the wayback machine)](https://web.archive.org/web/20220000000000*/https://ftx.com/trade/GME-0326) ^(for this) [^(FTX webpage)](https://ftx.com/trade/GME-0326) ^(won't load...) + +Anyways, another point, "wrapping" a coin allows it to be used on a non-native blockchain. Wrapping a token is essentially swapping one token for another token in an equal amount via a smart contract, or code on the blockchain that can store and send funds. + +Why is that relevant? Because I can't find **anything** regarding GameStop on Serum/Solana/Synthetix/Kwenta, where the original Wrapped Gamestop token was minted, **or even in the ERC20 contract on Etherscan**, suggesting there is actually nothing "wrapped" about this token, it's not an actual wrapped token, **it just has the name "wrapped"** to have the *appearance* of being legitimate, and in addition to the intentionally complicated systems, cross-blockchain transfers, multiple Uniswap liquidity pools and more, is all likely just to obfuscate the data. + +\--- + +And going back to a specific section from document #1 in section 2a real quick (banking exposure to cryptoassets); + +https://preview.redd.it/9hqoctdbtr4a1.png?width=710&format=png&auto=webp&s=4cd82803df81977fd84ad4859731086e2ec7241f + +Wait wait wait, "redeemers" (holders) of cryptoassets (GME tokens?) backed by traditional assets (GME shares?) held in a bankruptcy vehicle (FTX?) have **zero credit risk exposure** due to that bankruptcy? Wow. How convenient. + +*tOkEnIzEd StOcKs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +\--- + +I probably need one more brief post following the specific transactions to link the tokens to each other, but the teaser for that is that the most recent token has 1 **quadrillion** tokens in circulation, yet the uniswap liquidity pool for this token has 4.383 **sextillion** tokens in it. + +That is 4,383,561,655,088,940,000,000 tokens. + +That's a lot of fucking tokens. + +Stay tuned. +I am fairly new to the Indian stock market (recently moved back to India) and have been doing some research on some stocks. I have noticed this recent trend of high dividend payout from most of the dividend-paying companies from March 2020 to up to recent months as compared to their historical dividends. Is there a particular reason that companies have been paying a higher dividend in recent years? Can someone please enlighten me? (For example, Britannia paid a DPS of 157.5 in FY2021 compared to 12.50 - 35 in past three years) +Hey fatties, + +I'm looking to buy a home at around $2.5MM in Florida. + +Here's a quick overview of assets: + +* Age 37, married, no kids. +* $2.5MM actual cash (yes, like in a bank account, don't @ me). I would like to leave at least $500k in here. +* $6.5MM in individual investment accounts, mostly boring index funds. +* $1M combined between me and my wife's 401ks. +* About $1.5MM in real assets (two homes, cars, etc). The two homes will be rented out after we move to the tune of about $8,000/month in rental income. + +I'm trying to navigate the "smartest" way to handle the new home purchase. A year ago this was much simpler with mortgage rates being sub 3s, but with the recent rate increases and market volatility I'm now not entirely sure the best path. + +* I could withdraw a little bit from investment accounts and just pay full cash. +* I could put down like $2M get a traditional mortgage for the rest, but with rates so high this seems like a bad idea. +* Security/asset backed loans? I admit I don't know much about these and their pros and cons, I'm hoping one of you 300IQ-ers can school me. +* What other options are available? +Edit: Yes that’s right, those fines and penalties the SEC and DOJ charges corporations/banks for manipulation and Fraud are usually written off as tax deductions! There is 0 sense of liability and punishment in this market for the ultra rich and guess who pays for it all? The taxpayers like me and you! Not only do they not go in jail they don’t even lose most of the money from the fines and penalties, realistically they lose only 63% of the initial fines amount (20-37% gained back from tax deductions)! This is fucking absurd, every tax payer should be pissed and demand answers. On top of that every fine is so low that it’s basically a slap on the back. + +A report in June 2016 showed from the start of 2010 14 banks were fined more then $1 Billion, and a lot of them are very familiar to all of us with Bank of America at the top of the list with $56 Billion fine, JP Morgan $28 Billion, Citigroup $15.4 Billion, Wells Fargo $10.9 Billion, and more adding up to more then $160 Billion and guess what most of it was probably written off as tax deductions. Here’s some of the categories these penalties were charged on- Manipulation of foreign exchange markets, Manipulation of energy markets, failing to report suspicious behavior by Madoff, assisting tax evasion, toxic securities and mortgage abuses, and many other major cases. + + +“When banks negotiate an out-of-court settlement instead of waiting for a judge to decide the penalty amount, the categorization of the payment as a “fine or penalty” becomes — as a “cost of doing business” and thus get a tax deduction on those payments.” + +In the definition of a fine or similar penalty, the U.S. Tax Code does NOT consider compensatory damages paid to a government as constituting a fine or penalty. This exception is the “tax loophole” a clever tax lawyer can exploit to help banks reduce the amount of money they have to pay to compensate the people harmed by their actions + +[https://sevenpillarsinstitute.org/ethics-tax-breaks-bank-fines/](https://sevenpillarsinstitute.org/ethics-tax-breaks-bank-fines/) + +“The corporation gets to ultimately deduct these huge amounts of payments, the government agency gets to advertise these huge top-line numbers saying that they’re holding the corporation accountable for its behavior, but the bottom line is that TAXPAYERS are the ones who are LOSING. + +In 2013, for example, JPMorgan Chase agreed to what was then a landmark $13 billion civil penalty with the Department of Justice to resolve investigations into its sale of risky mortgages prior to the financial crisis. Of that amount, $11 billion was eligible for a tax deduction.” + +[https://www.pbs.org/wgbh/frontline/article/how-80-billion-in-coporate-fines-can-become-48-billion-in-tax-breaks/](https://www.pbs.org/wgbh/frontline/article/how-80-billion-in-coporate-fines-can-become-48-billion-in-tax-breaks/) + +Fines are not acceptable, I want people behind bars! No cell, no sell. + +Edit: The title meant to say “Fines” instead of “Fees” sorry for any mix up. + +Special thanks to @ApesTogetherDoc on Twitter for shedding light on the topic. +Hey everyone, I tried to sell my Subaru 2017 47k base legacy to Carmax in October of 2020 and they offered me $10,500. I tried to sell it privately over that time period with no luck. + +I went back in April of 2021 and they offered me $15,000 and I had an additional 2k miles on the car. The people there claimed there is a capacitor shortage right now which is driving the car costs. + +Figured I’d share this and let people know if they have a car they are planning on selling what they could expect if they take it to Carmax. + +Edit: Bought a brand new Subaru 2021 outback limited (one step under touring) for $37,000 (taxes included) 0% APR over 65 months 2 Saturdays ago. 2% under invoice price. Dealer said they were only getting 60 cars in May. +So I didn’t know this, but in February 2021 Microsoft started exploring the metaverse and NFTs within Minecraft (remember moonjam hype?) for a special event. The partner wasn’t Loopring, but I wouldn’t have expected it to be back then. Could have just been a test to see how it works. + +https://www.google.com/amp/s/www.coindesk.com/markets/2021/02/11/microsoft-and-enjin-bring-cross-platform-custom-nfts-to-minecraft/%3FoutputType%3Damp + +Here’s a video walking through what NFT Minecraft items look like: https://youtu.be/_6FDPuvxaKA + +But it appears that more than one entity can build a metaverse plugin for Minecraft. This is from a couple weeks ago: https://news.bitcoin.com/gaimin-brings-blockchain-and-nfts-to-minecraft/ + +Finally, I dug up this medium article talking about how the metaverse is already here. It’s Minecraft. Many of the points were very interesting. In particular, “Minecraft is already decentralized”: https://debugger.medium.com/the-metaverse-is-already-here-its-minecraft-99c89ed8ba2 + +**Speculation** + +So MAYBE just MAYBE GameStop is building their own Minecraft metaverse plug-in with Loopring built completely on L2. And MAYBE this Minecraft metaverse will be officially endorsed by Microsoft. + +Seems plausible, I think. I’m probably wrong though. + +Anyway, I wish I had more time to dive into this and see if I can further flesh this out into a solid DD, but I can’t and I’m not all that good at it anyway. Hoping someone else might be able to take it from here? (If there’s anything to take. This could all be nothing.) + +Also, fun fact, u/criand is a Minecraft savant. Dig through his profile and look at some of his incredible builds. + +**Edit:** I commented this, but it seems important to add.. + +Kids are OBSESSED with Minecraft. I was talking to my brother about my 12yo nephew over the holidays and apparently 90% of my nephew’s interactions with his friends are online, playing Minecraft. I know my nephew is just one of millions who are the same way. + +But kids can’t get into the metaverse and trade NFTs until it’s affordable to do so. There needs to be a marketplace that solves the gas problem. + +**Edit 2:** while this post is still getting attention, I want to address something I’ve seen in the comments about the fud that gamers don’t want NFTs because of micro transactions. Some people think the solution is to instead make full game NFTs so you can resell your digital games. + +**Re: reselling digital games vs micro transactions** + +My personal opinion: I don’t think gamers want their digital games to be scarce or exclusive either, which is the only way to make reselling digital games work. That will be just as unpopular if not more so than micro transactions. + +The thing is, micro transactions aren’t going away and the way they work now, where you have nothing to show for your purchase, needs to change because it’s a much bigger and more greedy money grab than NFTs. + +I’d much rather buy an item that I can resell later, than buy an item that I’m stuck with if I never use it. + +That said, this minecraft theory doesn’t have to be much different than reselling digital games. The top comment on this post is talking about a theory where creators can build experiences within Minecraft (like moonjam or Disney’s magic kingdom etc) that have their own live events and games. Your NFT could be an item that you hold in the game, but that item would serve as your ticket to these experiences which you can buy/trade/sell to other people. + +**I think where we’re headed is something much bigger than micro transactions or reselling digital games.** + +Don’t let the fud get to you. If someone doesn’t want NFTs in their games, that’s fine. Different strokes for different folks. No one is forcing them to buy NFTs. The NFT/crypto market, at its current growth rate, is more than enough to turn GameStop around. Because let’s face it 90% of them are gamers. In 5 years, people wont think anything of NFTs. +In India, we have REITs primarily focused on commercial real estate properties having 7-9% rental yields. + +In listed REITs, Most of the completed properties are pre-leased to big companies. +Why no residential? As yields of 1-3% make them unattractive to investors. + +REITs have to distribute at least 90% of their taxable income to their shareholders. + +Both listed REITs trade at 6-7% dividend yield + +Moreover, 80% of their total value must come from completed & income-generating properties + it must avoid speculative land acquisitions. + +Debt restrictions +Debt Not more than 49% of the total equity. + +REITs are traded on the exchange (like stocks). +So, Instant liquidity in a very illiquid product (Bulky Commercial Real Estate) + +Risks with Investing in REITs + +- Slowdown in Commercial RE +- Oversupply: Renegotiation at lower rates +- Concentration risks (tenant & location wise) +- Difference b/w REIT yield & FD rate +- Broader stock market movements will have an impact on unit price +Silence in itself is a statement to MSM to allow them to show their hand further. MSM doesn't want their corporate overlords to lose. When MSM went on their bs talking about the NFT platform, RC stayed silent. I feel like MSM tried to bait RC and the company to make a statement about it. However, they are keeping their cards close to their chest and only announcing when they want to. + +If the company fell for their trap they would be picking apart anything they said and MSM would be flooded with even MORE articles about Gamestop not being the powerplay that it is. But that didn't happen. I'm proud of the response: nothing. Reminds me of what happened here with their requests for interviews. I'm still hyped and ready to HODL for as long as they keep it up. Bleed the SHFs dry! HEDGIES R FUKED. + +&#x200B; + +Edit: Wow thanks for all the awards! Much appreciated! Waiting for my next paycheck to buy and DRS some more shares! +Single female, 30, 1.5M NW. I've been dating a guy for about 6 months, and I'm not sure when I should discuss finances with him. Too soon, and I risk him telling the world if it doesn't work out or maybe him sticking around only because of my wealth (do guys do this?) but waiting too long also kind of feels like I'm hiding this detail of who I am. He knows I want to retire young, and is frugal himself, but I don't think he is as savy with money to understand that retiring young is actually possible. I'm slowly teaching him my ways. + +I'm looking for advice, success stories, or cautionary tales. Thanks. + + +**Edit:*** +Wow! This got popular. Thanks for all the stories and advice. Overall it seems like most people agree that lifestyle/spending habits should be the focus of conversations, and actual numbers can wait until much later in a relationship (engagement, marriage, or other maybe some big life event like a move or a home purchase). + +Lots of conversations about prenups and how they are a super important. + +Also, for those who are curious, I don't have any great advice about how I got here. Without going into more personal details, my own story is pretty boring. Graduate from college, get a high paying job in HCOL area but don't actually inflate your lifestyle (live with roommates, drive old cars) learn to enjoy cheap hobbies, invest in low cost diversified funds, fail at your relationships in your 20s, and you too can be 30 and posting to a finance forum for relationship advice :) +Financial Times (paywalled): https://www.ft.com/content/a206e3d7-fc89-4e95-9d20-32cc99d97938 + +Key points from the article: + +* The wager against US and European corporate debt underscores Bridgewater’s view that recent weakness across major financial markets will not be short lived. +* Jensen, who helps lead investment decisions alongside co-CIO Bob Prince, warned that inflation would be far stickier than economists and the market currently predict, which could pressure the US Federal Reserve to raise interest rates higher than expected by many on Wall Street. +* Jensen said the Fed’s decision, coupled with tighter policy from a panoply of central banks across the globe, would drain liquidity from the financial system. +* “You want to be on the other side of that liquidity hole, out of assets that require the liquidity and in assets that don’t,” he said. +* Bridgewater in April used baskets of credit derivatives in Europe and the US to make the bet against corporate bond markets, according to people familiar with the trade. +* Jensen said he ultimately believed that the Fed would blink and accept inflation above its 2 per cent target. Policymakers, in his view, will be unable to tolerate a stock market sell-off and the high unemployment that would likely result by raising rates high enough to bring inflation down to that threshold. +* Otherwise he estimated stocks could “crash” a further 25 per cent from current levels if the Fed was unrelenting in its push to tackle inflation. +* Greg Jensen, Bridgewater’s co-chief investment officer, warned that the biggest systemic risk facing the US economy was that the Federal Reserve was effectively out of ammo. +* Sky-high inflation has limited the tools at both the Fed’s and federal government’s disposal, given an intervention by either would likely stoke price pressures already weighing on the country, he said. He cautioned that policymakers in Washington would have to “essentially allow a recession because the trade-off with inflation is so bad”. +* “The biggest systemic risk is that markets are not used to the type of drawdowns that you have when the central bank can’t use monetary policy into weakness.” +Since the start of the year i have sold covered calls on some of my stocks. So far I average 70.00 per week ( I sell weekly covered calls). 70 bucks isn't much but if you add it into my monthly income from dividends its pretty good. It increased my monthly passive income by about 20%. my way isn't going to get me rich quick, and it is hard to see the impact. But like dividend investing, I believe giving it time, will show its significance later down the road. + +Example. Sold a call on AT&T for a whopping 2.00. I net 1.35 after fees. $1.35/$2100 (T is 21.00 a share) = .0064\*100= .064% return (for 1 week). do this 50 weeks=3.2%. I have added, what i view as a "dividend", 3.2% yield to what i currently get from T. + +\*UPDATE\* I realize this is a dividend group. My post was here to spark curiosity in people who haven't ventured in to selling covered calls (like myself prior to this year). From here, people can go seek other groups to help them out. + +\*UPDATE on covered calls for week of 6/21/2022\* This week i sold covered calls on: OXY, MPC, HAL, T, ABBV, DFS, PFE, INTC, VLO, My total came out to be $66.00 (Yes this is below my average of 70 but market was closed Monday). All of them will expire worthless . + +&#x200B; +[https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/](https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/) + +"In interviews with startups as well as real estate agents and analysts, it emerges that when a family finds its dream home, it has often already been crawled by AVMs that have analyzed its value as an asset, its potential yield as a rental, its forecast price growth, and countless other metrics." + + +I'm curious have you all had to compete with companies like Zillow, Opendoor, etc for deals? Are they buying multi-family or just focusing on single-family for the time being? + + +I'm all for capitalism but am terrified of what happens to this country when a huge portion of the single-family inventory is owned by either big tech or Blackrock. +Repost from LinkTrader. + +The Tweet: https://twitter.com/hcltech/status/926683137924648961 + +The Article in the tweet: https://themerkle.com/what-is-chainlink/ + +Their Twitter: https://twitter.com/hcltech +So everyone is inspired by SafeMoon and Doge and looking for the next MoonShot (myself included). This comes with thousands of tokens being promoted and unfortunately majority are Rugpulls. This post is my personal DD of the Bingus Token, *Disclaimer: I am in no way, shape, or form affiliated with the Dev team or the project managers. I simply like the Token. Before investing in anything, please DYOR!* + +**History of Bingus:** + +The Bingus Project 2,0 was launched around 3 weeks ago. You might be wondering "What happened to Bingus 1.0?" From the website: *"Bingus 1.0 was launched as a small hobby project by 'Bingus Dev'. As lover of animals he simply wanted to make a small meme coin that could do some good. His integrity and honesty were infectious and it very rapidly grew.* + + +*Once an error in the contract code was discovered, Bingus Dev immediately informed the community and advised everyone to pull their money. Bingus and now Admin, then whale MJ, held all the way to the bottom to ensure most people could get out without losing money.* + + +*Miraculously in the aftermath not only did the community stay together, but it also grew and insisted on a relaunch."* + +I found this pretty interesting because Mike Cerisano (AKA: the whale MJ, the Dad of the community) sacrificed his money for the welfare of the community, hard to find that in any other project that's only goal is to 1000000x. Side note: Mike works in Hollywood and has large connections + +**Why I chose Bingus:** + +In looking for the next moonshot, there were many other projects line Bonfire and LavaToken that were much more popular; however, I believe the real moonshots are the ones grown organically with a strong community that wont fuck each other over for personal gains. I have been apart of the telegram for around 5 days now and I can say that everyone in there is kind, helpful, and everyone shares the same perspective on the project. + +Another reason why I chose Bingus was because of the contract. Now let me note that I am not a developer and can barely read code, however I do know some common red flags. 1. Out of all the Moonshot proposals I've seen, Bingus is the only token that does not have the 'Mint" function in the contract. (You can check using CTRL+F and search for "mint" in the contract: 0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) This means that the devs can't simply print a shit ton of Bingus to wipe out the LP. FYI: You can use this trick for any Moonshot you are playing, mint functions are extremely suspicious. + +Charity: While many of these Moonshots are pure hype and pumps, Bingus actually has a use case and donates to community approved animal shelters. So far, 2.08 ETH has been donated (The project is only 3 weeks old keep in mind). Now imagine if Bingus can get some of the volume of Doge, there would be much more $$$ available for donations. Proof of donations can be found on the website: [https://bingus.finance/](https://bingus.finance/) + +P.S. Bingus also has some merch: [https://bingusofficial.com/](https://bingusofficial.com/) Pretty dope in my opinion + +**Tokenomics:** + +The Tokenomics for Bingus is pretty standard. Max supply of 1,000,000,000,000 but only 936,796,778,002 remain due to burns. There is a 3% fee per transaction where 1% goes to the charity wallet, 1% is burned forever, and 1% is redistributed to all holders. Some may say that 1% reflection is low and not enough for them, if this is the case then you may want to find another coin. + +The top 3 wallets go as such: Burn wallet, PancakeSwap LP, and the Charity wallet. + +I will say that there are a considerable amount of Whales in the Token holders, this is one downside of Bingus. + +Currently, Bingus has a Market Cap of $5.2M. This is extremely small compared to the likes of these other Moonshots that are simply pump and dumps. For this reason, I believe Bingus has a lot of room to grow and the Whales know that too. + +Here is some basic level TA, THIS IS A BULLISH PATTERN COMPARED TO OTHER PUMPS! + +[https://gyazo.com/c307387dfe27439ef875c10a6420017e](https://gyazo.com/c307387dfe27439ef875c10a6420017e) + +**Endorsements:** + +The way I found Bingus was through the endorsement the project got from Youtuber(8 Million subs)/Twitch Streamer MoistCr1tikal. (Here is the clip of him talking about Bingus: [https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz](https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz)) He is super supportive of the project and is a great benefit to grow the community. He has gotten in contact with the devs and I doubt he would put his reputation on the line for a scam project. + +Another endorsement is from musician Bbno$, he is super supportive of the project, active in the Telegram, and even made a short song about it ([https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7)) + +The Youtuber Rocky Kanaka, 2.34M subscribers and huge on animal content, is onboard with the project and is making a video about Bingus very soon! (Here is his channel: [https://www.youtube.com/c/rockykanaka/videos](https://www.youtube.com/c/rockykanaka/videos)) + +This is just the current endorsements Bingus has so far and there are much bigger ones to come + +**Upcoming Catalysts:** + +Bingus is currently whitelisted on CMC, data tracking is coming soon. Listing on Blockfolio and CoinGecko are also awaiting approval + +Bingus Community is planning on auctioning off NFTs that will use the proceeds towards donations! + +**Conclusion:** + +I personally think that this project is not a quick pump and dump BSC token, but an actual token that has a use case in the world. I believe there are too many large influencers who are actively involved in the community and working with the developers for this to be a Rugpull/Honeypot. I also think there is a lot of money to be made because of how small the token is while having such big support from large influencers. Maybe the most important, Bingus has been a meme already and has great meme potential like Doge compared to these knock offs like Hoge, Boge, etc. + +I don't think this will be an overnight 10x but I think this project can easily hit +50M Market Cap within few weeks. + +Any other thoughts/critiques are welcomed in the comments. + +Thanks for reading + +**Misc Links:** + +WEBSITE : [https://bingus.finance/](https://bingus.finance/) + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8 + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) +This will be the first time ever we experience what happens when all stock in a company is fully bought up, and no longer available for sale, literally making supply going to zero. + +And it just so happens to be the most shorted stock ever, with an potential for "infinite demand" (shorts legally needing to close). + +Want BRK.A now? Sure. Thatll be 400k + +Want GME once the float is locked up? Well, you gotta find someone who's going to even sell it first, and boy wait till you hear how much they will want! + +Let that all sink in. + +Power was always with the players, we just literally had to take it back and put it in our name. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +i don’t want him to know that i’m helping him because i get that it can be a bit embarrassing and i don’t know how he’ll react. a mutual friend said he’s struggling to eat and is selling off his own personal items. we’re both in first year at university. my parents are helping me out and i’m furloughed from my job back home. + Lancefish and Garpike, lend me your gills! + +Its yo boi Stinky coming at you live from the waters of Dicks Lake coming at you fresh with this months bans. I have been given the honour and privilege of this months ban bets post. I feel I contribute to this sub as much as a barnacle contributes to space travel but im here and fukya. + +So who went fishing and caught the boot? Did ya’ll make seaweed or wake up with crabs ��🦀? Lets find out! + +Time to take a fukn peek at the degenerate shenanigans that this cluster of radioactive, lithium injecting, gas sniffing bunch of guppies came up with. So grab a can of your favourite bevvie and your tinned tuna and ensure it scans around 3.6 roentgens for not great, not terrible flavour. + +First out the waves was u/Rude_Jello_377 betting u/Josho- that XJO will have more green days in October than red days… which is kinda odd to me coz like.. 25 days of 1% green could all be undone by a single 20% red? Maybe? Fuck I dno I didn’t finish school. Nevertheless the XJO index happened to be green and your winner is u/Rude_Jello_377. I guess u/Josho- will continue his *Hunt for Red October* 🤡 (the nuclear strike is still coming? Maybe?) [https://www.reddit.com/r/ASX\_Bets/comments/pyvxj9/market\_open\_thread\_for\_general\_trading\_and\_plans/heycbl4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pyvxj9/market_open_thread_for_general_trading_and_plans/heycbl4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Not long after, Evergrande decided that the world didn’t hate China enough and told everyone to shit themselves. Two big swinging peepee autists put their internet privileges on the line with audacious confidence. u/SunkDestroyer, who gives no fucks about your market crash vibe, bet that if a single circuit breaker is activated on the S&P 500 this year.. he’ll cop a **5 year** ban (collective gasp). Not to be outdone u/BuiltDifferant swallowed some uranium pills and said my peepee BIGGER! And joined the shipwreck but with a **10 year ban!** (someone faints). Good luck fellas! We’ll find out the winner in the December ban bet post! [https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf66z49/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf66z49/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf7o623/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf7o623/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/SlipperyJim1 got a lil frisky and offered to dick down his old man if EXR didn’t touch 30c this by end of the month. A spooky prospect – always someone trying to one up the cum drinker… fortunately for him – it not only touched 30c once… but 3 times.. so his pops rectum remains in tact. (dick the old man or a 1 month ban was the actual bet…. What he would have actually chosen is now as speculative as gas mining in Zimbabwe) + +[https://www.reddit.com/r/ASX\_Bets/comments/q0sr8j/market\_open\_thread\_for\_general\_trading\_and\_plans/hfb8fuf?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0sr8j/market_open_thread_for_general_trading_and_plans/hfb8fuf?utm_medium=android_app&utm_source=share&context=3) + +u/Rude_Jello_377 called out u/CuckBike on a proof or ban for “well maybe over a few million yeah ik im a degenerate”. Does u/CuckBike actually have millions to throw? Will his options that will make said millions pay off or will he have to mutate an extra set of arms to dig out the debt he could find himself in? Tune in in 4 months time when we either see him yolo it into DLC (actually rocketed lol still cant believe that shit) or get out the lube for some fantastic loss porn. + +[https://www.reddit.com/r/ASX\_Bets/comments/q0cnlo/premarket\_thread\_for\_general\_trading\_and\_plans/hfa8oy4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0cnlo/premarket_thread_for_general_trading_and_plans/hfa8oy4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Now im not an advocate of boomer stocks but a bet is a bet. u/Mitchuation placed a go-er on NAB and their bazilliuon $$ ad campaign can push its SP up 5%. In short – it didn’t. See ya in a week mate. Bet on boomer catch the “insert something that rhymes with boomer” + +[https://www.reddit.com/r/ASX\_Bets/comments/pwck3t/comment/hehczu9/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pwck3t/comment/hehczu9/?utm_source=share&utm_medium=web2x&context=3) + +u/Xenphenik – we haven’t forgot about you. You made a bet way back in August that if didn’t WBT reached above $5 before the end of October youll be taking the rest of the year off (2 month ban). Well… ill be honest… im surprised you got pretty close with a high of $4.50 in September… but alas the last time Weeeeebit was above $5 was back in Feb 2013 – and thus it remains. Merry Christmas ya filthy animal. + +[https://www.reddit.com/r/ASX\_Bets/comments/p5zdai/premarket\_thread\_for\_general\_trading\_and\_plans/h9aab7q?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/p5zdai/premarket_thread_for_general_trading_and_plans/h9aab7q?utm_medium=android_app&utm_source=share&context=3) + +We all love to catch knives… hell I juggle them and I don’t have opposable thumbs. u/Meh-Levolent and u/shananigans0333 took it to the next level and bet on the sour milk company back in september. With what looked like a randomly selected line of $5.78… u/shananigans0333 wins if the price is below the line.. . u/Meh-Levolent wins if the price is above the line…. Looks like the knife wasn’t as sharp as u/shananigans0333 had hoped… and the lumpy milk grey some legs and walked past $6… Congratulations sir! A2(m) week ban for you! + +[https://www.reddit.com/r/ASX\_Bets/comments/pgddqo/comment/hbdbhw5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pgddqo/comment/hbdbhw5/?utm_source=share&utm_medium=web2x&context=3) + +u/johnwho92 made quick work to earn a their flair with their PRN $1 by Xmas or 3 month ban bet. It took a whopping 6 days for PRN to hit a buck. It’s held steady as fuck since…. Next rocket incoming? Who knows? Maybe John? John who? Exactly. Post some DD – im calling you out. Congrats on the shiny flair… may it glow like a uranium dildo. [https://www.reddit.com/r/ASX\_Bets/comments/pz3sdf/ban\_bets\_ban\_bets\_bitches/hfk80a1/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3sdf/ban_bets_ban_bets_bitches/hfk80a1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/_Smoulder_ joined the BANd wagon of things with … a bet I had to read 4x to kinda understand wtf was going on. “If CXO both reaches the ATH at $0.5 and closes above the ATH of $0.46 in the month of October I’ll take a 1 month ban of the whole of November as punishment”. So if he was right he gets banned? Well – congratulations! You played yourself.. enjoy the November off lol. u/ocean_sky_wind joined in on this but from a more normal perspective. Taking a 1 week ban if the SP is lower than 0.47… see that’s a bet my smol whale brain can understand. Hooray for the oceans! Sky n wind be damned tho. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3kprp/market\_open\_thread\_for\_general\_trading\_and\_plans/hfsmtaq/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3kprp/market_open_thread_for_general_trading_and_plans/hfsmtaq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5t10v/ta\_wars\_episode\_i\_the\_phantom\_cxo\_ban\_bet/hg7y23i/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5t10v/ta_wars_episode_i_the_phantom_cxo_ban_bet/hg7y23i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The flair hunting has taken off… with u/FameLuck calling out u/withhindsight on his “legalised drug cartel stock” betting that the dirty dirty oil of BRK will have a better month than mushroom hunting pigs at IHL. From what I can tell…. IHL had a mild October with roughly 7% increase. BRK on the other hand started digging and looks to be -16% for the month (like 5 tics?) so… unlucky Fameluck … miss ya bud. Gonna miss ya a bit longer too. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3t7u2/weekend\_thread\_for\_general\_discussion\_and\_plans/hfz4tot/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3t7u2/weekend_thread_for_general_discussion_and_plans/hfz4tot/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Logicorluck has cast the line to u/springoniondip with a bet to reduce his ban by a month. LogicorLuck bet that HZR will outperform NKL for a chance to make it back to the promised land sooner. Going to say that it didn’t end well for NKL…. HZR went up 43% in the last month… whilst NKL went down 25%.... that’s a pretty polar result. A clear winner to logic…. Or… was it luck? + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3bfo4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3bfo4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The next match was a heavyweight round between u/kervio (hide your food) and u/Fameluck (cant get banned enough apparently). This was pure moby dick swinging that whoever posted portfolios worth more at the end of the week (of the bet) wins. Considering that some folk have posted that they have had daily swings worth more than my fukn life… this was bold. With the results in… Kervio was glowing green like fresh plutonium while fameluck laments his crab soup. Kervio you now have a chance to either extend Fame’s sentence or go easy on the cunt. Choose Wisely friend. + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3hp4s/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3hp4s/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Our favourite quackhead u/autodidact31 was to join in the fun next … maybe he had too much croissant on the weekend and bet that for a certain week EXR would be green EvErY sInGlE dAy. Needless to say… youll be eating crumbs in jail with bets like that bro. 1 week in the naughty corner for you to think about what you done. Will miss those morning carbs tho… ☹ + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6go2k/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6go2k/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/mechengguy93 backed fort is skew metals (FMG) to stay above their 52 week low of $13.96 for the rest of the month past Oct 11… and by god you had some close fukn calls mate. But you have scrappppeeeeeddd through. You have avoided your 1 month ban, good sir. A solid bet and a rollercoaster on a couple of days where it did dip below your mark only to squeak home in the end. Well played. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6zxt3/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6zxt3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Mobile-Rice-8889 was fairly certain that a crowd favourite VML will announce another offtake before years end…. As of now they have announced an increase in an existing one so this bet remains open with 1 month at tuna (steak…. Stake… I tried) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7j6dg?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7j6dg?utm_medium=android_app&utm_source=share&context=3) + +u/springoniondip couldn’t stay off the betting for longer than I could stay out the water. On the back of a major spike in NVA early in the month. Our favourite party dip reckoned she would soar to the lofty heights of 25c or face a 2 week ban. The heights remain lofty… the ban not as much. Shoulda bet on nuclear mate. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7nf5n?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7nf5n?utm_medium=android_app&utm_source=share&context=3) + +u/JustAnotherSimian was monkeying about with the thought that mushrooms of IHL were going to rise past 37c… except… he bet by the end of the week… instead of the end of the month… after a cheeky wank… this bonobo may have realised that wasn’t his best bet. And now faces the consequences of 1 month ban in the chimp pen. + +[https://www.reddit.com/r/ASX\_Bets/comments/q67z29/market\_open\_thread\_for\_general\_trading\_and\_plans/hgac7km/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q67z29/market_open_thread_for_general_trading_and_plans/hgac7km/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/waveyjayvey, after posting a questionable Simpsons meme, felt that he was willing to put his reddit freedom on the line betting that SGR (star entertainment group – is that the casino? Fuk if I know) will finish above $2.90 by the end of the week. Making the somewhat rookie mistake the baboon above did.. but Low and BEHOLD – came out a winner! Congrats Wavey! + +[https://www.reddit.com/r/ASX\_Bets/comments/q5muhr/my\_star\_group\_holdings/hged134?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5muhr/my_star_group_holdings/hged134?utm_medium=android_app&utm_source=share&context=3) + +Just when I thought – ye ok how bad could writing the ban post be…. We are now about HALF FUYCKING WAY. If you haven’t thanked your local mod for keeping you in line… you’re a cuck and I hope your beer is warm this weekend. I wonder who the special guest will be next month too? In for a solid write up I reckon… but I feel sorry for the cunt. Cos November is silly season before end of calendar year… could see a lot of bets coming through for a write up. Anyway back to the post.. + +u/CaoticMoments clearly sees no value in grape juice. Dw8 announcing a strategic acquisition and a capital raise did not change his view. Even tho DW8 is backed by our tesla owning resident u/itsdankreddit… CaoticMoments seized the opportunity to call shit when he sees it saying DW8 wouldn’t close above 6.6c in that week. The call was a good one. The wine remains vinegar. Dw8 continues to slide into the abyss. Maybe they’ll start an uprising like all those mutated cunts in the futurama episode in the sewer? + +[https://www.reddit.com/r/ASX\_Bets/comments/q6xsj6/acquisition\_cr\_bring\_on\_the\_dw8\_loss\_porn/hgfwcau?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q6xsj6/acquisition_cr_bring_on_the_dw8_loss_porn/hgfwcau?utm_medium=android_app&utm_source=share&context=3) + +The Skew fort metal group were certainly on the radar this month. u/megadrive65 has challenged u/poptartape and made the call that FMG will continue to sink in the quicksands of time to touch $6.5 no later than Jan 2022… we watch this one with baited (fishing term) breath. + +[https://www.reddit.com/r/ASX\_Bets/comments/q75mfc/premarket\_thread\_for\_general\_trading\_and\_plans/hggrqib/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q75mfc/premarket_thread_for_general_trading_and_plans/hggrqib/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/sinisterbiscuits joined the fun on ROG saying that if it doesnt reach 20c by Jan that they’ll shoot a pigeon and eat it in a jalapeno popper…. Deeeeelicious. I for one would love to see it as my suburb is plagued by those city shitters. Our gracious mods have since changed it to a 3 month ban bet instead. Red Sky Energy have a bit to deliver as they are currently less than 1c. Spking of red sky… apparently after a nuclear fall out the sunsets are gorgeous… who knew? + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jlmi/comment/hgpue0z/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jlmi/comment/hgpue0z/?utm_source=share&utm_medium=web2x&context=3) + +u/Blisser_the_Sniff (one of my archnemesiseses for spear fishing me earlier in the year) went BOLD on EXR. Betting that on Monday 18th EXR will finish in the seaweeds or a 1 month ban. u/rsoule878 felt this was an easy win and jumped in with the Sniff on the hopes that Mongolian gas is better than their lamb. I only say this because I once had Mongolian lamb and shat water for 2 weeks after. Was delicious but never again. Anyway cool story stinky… but these guys won their bet… EXR has since been a thorn in my dorsal but on THAT Monday she went orright. + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jngr/comment/hgyl2ho/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jngr/comment/hgyl2ho/?utm_source=share&utm_medium=web2x&context=3) + +One for next Month as u/cameltrowe lured u/WadoBJJ87 into putting his access where his mouth is on Sayona mining closing above 25c by the end of November. A 2 week ban is on the line. Camel has responded by saying if SYA reaches that mark he will take a 1 month ban and wax his hairy asshole. I reckon I can live without having to see that video… I pity the mods on this one… will wait till end of November to see… a shaved starfish lol + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/A_Anderson151 started a joust with u/Markma1989 on the value of IXR by the end of 2021. If IXR closes above 4.5c by 31st Dec - Markma takes a week on the sidelines. Remains below that mark and Anderson takes a week holiday to visit neo in the matrix or some shit… I dno Mr. Anderson references… im sorry. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkk2hn/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkk2hn/?utm_source=share&utm_medium=web2x&context=3) + +VML is a crowd favourite and has attracted a bit of attention. u/hellotbar1010 is Bullish AF on Vital basically doubling by the end of the year (hit 10c) u/Shawzus has called em out with and a feisty exchange took place. (kinda not really poetic license) should VML not reach the fabled 10c by years end… Hellotbar will take a year off to think about their choices. Should VML reach such loft… Shawzus will be back in 2023 (or most likely just lurk from the shadows) + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkkr4u/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkkr4u/?utm_source=share&utm_medium=web2x&context=3) + +If Uganda can mine REE as well as they make action movies… u/Crashworx is in the fukn money. Predicting the future Crash reckoned that IXR would make a market sensitive announcement by close Tuesday (26th) or cop a 1 week ban… Africa delivered (for once) and IXR announced something about a license at Makuuuuuuuuuutaaaaaaaaaaaaaaa… so Hakuna Matuuta to you Crash. No ban. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkno34?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkno34?utm_medium=android_app&utm_source=share&context=3) + +Now if you want to pull in a LOT of retards into a bet… take note of what u/Dont_Forget-To_Floss done… coz its fukn genius. Jumping on the recent hype of LKE. They gave the autistic chimps a multiple choice for their bet… they literally could just pick 1 of 4 choices on where LKE would finish this week. They hooked in u/OldMateHarry, u/ragnarlyduude, u/brewbenbrook, u/Shanrok and u/uncle_stripe. Actually a handful of others were also lured but were ruled out by Rule 11 – sorry chaps.. Of all the users (including the bets creator) only u/shanrok and u/uncle_stripe won… the rest of you muppets can take a week off lol. Well played Flossy… too bad you caught your own trap lol. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkq39l?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkq39l?utm_medium=android_app&utm_source=share&context=3) + +u/Secondary92 caught a wiff of an earlier bet that involved a shaved butthole. Got him keen and ready to place bets. If SYA finishes above 25c by the end of November – they’ll cop a 2 week ban. Curiously… im surprised we’ve got this far down the list and nobody mentioned a uranium stock? … so odd. + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/FPS_LIFE is willing to lay his ASX\_bets\_LIFE on the line with 4DS. The quad dog shit share has been in a voluntary trading halt for a decade (week or so) but shareholders are bullish because you cant kill a man that’s got no hope. FPS\_LIFE faces **PERMA BAN\_LIFE** should 4DogShits not close green on the Friday after news drops and the share starts trading again. Plenty of time to play the new COD right mate? + +[https://www.reddit.com/r/ASX\_Bets/comments/qf3auz/good\_luck\_4ds\_bagholders/hhysvr8/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qf3auz/good_luck_4ds_bagholders/hhysvr8/?utm_medium=android_app&utm_source=share&context=3) + +Not to be outdone on the big tuna (stakes… steaks…) u/Brilliantmove7 has gone a bit short on Vogue Metal Lalala (VML). The post also involved fairy dust and horse cock… so you know it was a good weekend. Should VML finish above 10c @ EOY we may never see the Brilliant Light of u/Brilliantmove7 again as they will also face a **PERMA\_BAN7**. We just might however see a Brilliantmove8? Will this be a Brilliant Move? Will? Who? What? get excited cucks this is a goody. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhywtq4/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhywtq4/?utm_medium=android_app&utm_source=share&context=3) + +one of our new bois felt that October was their time. u/tru_pls is pretty keen on some lithium in wherever the fuck SYA is digging. The bet is SYA to be 20c by mid November (17th). Is that enough time for this budding autist to make some dosh? Or is he going to get shat out by u/WowVeryJosh. (only cos it kinda rhymed) Find out in a couple of of weeks whether tru\_pls sticks about or we say “SEEEEYYYYYAAAAAAAAAAA” in 6 months. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhz7i8g?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhz7i8g?utm_medium=android_app&utm_source=share&context=3) + +Lucky last but certainly not least we have a rev head in the mix. u/debtandregret1984 has made a bet that GTR will make him enough money to buy a GTR by the end of the year. I know fuck all about cars… but im pretty sure it’s the Nissan GT-R right? Quick look on cars guide has a MSRP: $193,800 … fuck me… I really am the smallest whale. That’s like… (counts fins) 3x my lifes value? Fuck lol… debtandregret1984’s bet is to purchase said car by end of the year or take a 1 month ban. I hope to see the car – get it in blue bro (blue whale!) + +[https://www.reddit.com/r/ASX\_Bets/comments/qhh5yi/premarket\_thread\_for\_general\_trading\_and\_plans/hid8ywn/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/qhh5yi/premarket_thread_for_general_trading_and_plans/hid8ywn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Well folks… that about wraps up the bets for the month of October. We’ve had a wild wild month. Global panic due to Evergrande. Lithium spiking up so high it tickled gods arse and Uranium Exploded (still cant believe there wasn’t a bet on PEN or BOE anyway… ). Its also nice to see that some things never change. Z1P is still a dog… but wIlL bE $4o By ChRiStMaS !1!! I hope you’ve enjoyed this months wrap with your resident chiller whale. A shoutout to the mods because, trust me, they do a fuckn tonne of work to keep all this on track… over 80,000 retards with keyboards…. It’s a lot. u/letsburn00, u/The_lordofruin and u/phantom_hax0r – you have my respects. + +An extra special shoutout to u/username-taken82 and u/mcfucking who were the lifegivers of this post. + +Lastly a mad shoutout to all the OGs and the wonderful people in this sub who I get to interact with. I do love being your resident whale and am very humbled that you people find me somewhat amusing. Stay safe friends and enjoy your weekends! + +Much love + +Whale + +🐋❤ + Lancefish and Garpike, lend me your gills! + +Its yo boi Stinky coming at you live from the waters of Dicks Lake coming at you fresh with this months bans. I have been given the honour and privilege of this months ban bets post. I feel I contribute to this sub as much as a barnacle contributes to space travel but im here and fukya. + +So who went fishing and caught the boot? Did ya’ll make seaweed or wake up with crabs 🦀🦀? Lets find out! + +Time to take a fukn peek at the degenerate shenanigans that this cluster of radioactive, lithium injecting, gas sniffing bunch of guppies came up with. So grab a can of your favourite bevvie and your tinned tuna and ensure it scans around 3.6 roentgens for not great, not terrible flavour. + +First out the waves was u/Rude_Jello_377 betting u/Josho- that XJO will have more green days in October than red days… which is kinda odd to me coz like.. 25 days of 1% green could all be undone by a single 20% red? Maybe? Fuck I dno I didn’t finish school. Nevertheless the XJO index happened to be green and your winner is u/Rude_Jello_377. I guess u/Josho- will continue his *Hunt for Red October* 🤡 (the nuclear strike is still coming? Maybe?) [https://www.reddit.com/r/ASX\_Bets/comments/pyvxj9/market\_open\_thread\_for\_general\_trading\_and\_plans/heycbl4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pyvxj9/market_open_thread_for_general_trading_and_plans/heycbl4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Not long after, Evergrande decided that the world didn’t hate China enough and told everyone to shit themselves. Two big swinging peepee autists put their internet privileges on the line with audacious confidence. u/SunkDestroyer, who gives no fucks about your market crash vibe, bet that if a single circuit breaker is activated on the S&P 500 this year.. he’ll cop a **5 year** ban (collective gasp). Not to be outdone u/BuiltDifferant swallowed some uranium pills and said my peepee BIGGER! And joined the shipwreck but with a **10 year ban!** (someone faints). Good luck fellas! We’ll find out the winner in the December ban bet post! [https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf66z49/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf66z49/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf7o623/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf7o623/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/SlipperyJim1 got a lil frisky and offered to dick down his old man if EXR didn’t touch 30c this by end of the month. A spooky prospect – always someone trying to one up the cum drinker… fortunately for him – it not only touched 30c once… but 3 times.. so his pops rectum remains in tact. (dick the old man or a 1 month ban was the actual bet…. What he would have actually chosen is now as speculative as gas mining in Zimbabwe) + +[https://www.reddit.com/r/ASX\_Bets/comments/q0sr8j/market\_open\_thread\_for\_general\_trading\_and\_plans/hfb8fuf?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0sr8j/market_open_thread_for_general_trading_and_plans/hfb8fuf?utm_medium=android_app&utm_source=share&context=3) + +u/Rude_Jello_377 called out u/CuckBike on a proof or ban for “well maybe over a few million yeah ik im a degenerate”. Does u/CuckBike actually have millions to throw? Will his options that will make said millions pay off or will he have to mutate an extra set of arms to dig out the debt he could find himself in? Tune in in 4 months time when we either see him yolo it into DLC (actually rocketed lol still cant believe that shit) or get out the lube for some fantastic loss porn. + +[https://www.reddit.com/r/ASX\_Bets/comments/q0cnlo/premarket\_thread\_for\_general\_trading\_and\_plans/hfa8oy4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0cnlo/premarket_thread_for_general_trading_and_plans/hfa8oy4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Now im not an advocate of boomer stocks but a bet is a bet. u/Mitchuation placed a go-er on NAB and their bazilliuon $$ ad campaign can push its SP up 5%. In short – it didn’t. See ya in a week mate. Bet on boomer catch the “insert something that rhymes with boomer” + +[https://www.reddit.com/r/ASX\_Bets/comments/pwck3t/comment/hehczu9/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pwck3t/comment/hehczu9/?utm_source=share&utm_medium=web2x&context=3) + +u/Xenphenik – we haven’t forgot about you. You made a bet way back in August that if didn’t WBT reached above $5 before the end of October youll be taking the rest of the year off (2 month ban). Well… ill be honest… im surprised you got pretty close with a high of $4.50 in September… but alas the last time Weeeeebit was above $5 was back in Feb 2013 – and thus it remains. Merry Christmas ya filthy animal. + +[https://www.reddit.com/r/ASX\_Bets/comments/p5zdai/premarket\_thread\_for\_general\_trading\_and\_plans/h9aab7q?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/p5zdai/premarket_thread_for_general_trading_and_plans/h9aab7q?utm_medium=android_app&utm_source=share&context=3) + +We all love to catch knives… hell I juggle them and I don’t have opposable thumbs. u/Meh-Levolent and u/shananigans0333 took it to the next level and bet on the sour milk company back in september. With what looked like a randomly selected line of $5.78… u/shananigans0333 wins if the price is below the line.. . u/Meh-Levolent wins if the price is above the line…. Looks like the knife wasn’t as sharp as u/shananigans0333 had hoped… and the lumpy milk grey some legs and walked past $6… Congratulations sir! A2(m) week ban for you! + +[https://www.reddit.com/r/ASX\_Bets/comments/pgddqo/comment/hbdbhw5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pgddqo/comment/hbdbhw5/?utm_source=share&utm_medium=web2x&context=3) + +u/johnwho92 made quick work to earn a their flair with their PRN $1 by Xmas or 3 month ban bet. It took a whopping 6 days for PRN to hit a buck. It’s held steady as fuck since…. Next rocket incoming? Who knows? Maybe John? John who? Exactly. Post some DD – im calling you out. Congrats on the shiny flair… may it glow like a uranium dildo. [https://www.reddit.com/r/ASX\_Bets/comments/pz3sdf/ban\_bets\_ban\_bets\_bitches/hfk80a1/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3sdf/ban_bets_ban_bets_bitches/hfk80a1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/_Smoulder_ joined the BANd wagon of things with … a bet I had to read 4x to kinda understand wtf was going on. “If CXO both reaches the ATH at $0.5 and closes above the ATH of $0.46 in the month of October I’ll take a 1 month ban of the whole of November as punishment”. So if he was right he gets banned? Well – congratulations! You played yourself.. enjoy the November off lol. u/ocean_sky_wind joined in on this but from a more normal perspective. Taking a 1 week ban if the SP is lower than 0.47… see that’s a bet my smol whale brain can understand. Hooray for the oceans! Sky n wind be damned tho. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3kprp/market\_open\_thread\_for\_general\_trading\_and\_plans/hfsmtaq/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3kprp/market_open_thread_for_general_trading_and_plans/hfsmtaq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5t10v/ta\_wars\_episode\_i\_the\_phantom\_cxo\_ban\_bet/hg7y23i/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5t10v/ta_wars_episode_i_the_phantom_cxo_ban_bet/hg7y23i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The flair hunting has taken off… with u/FameLuck calling out u/withhindsight on his “legalised drug cartel stock” betting that the dirty dirty oil of BRK will have a better month than mushroom hunting pigs at IHL. From what I can tell…. IHL had a mild October with roughly 7% increase. BRK on the other hand started digging and looks to be -16% for the month (like 5 tics?) so… unlucky Fameluck … miss ya bud. Gonna miss ya a bit longer too. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3t7u2/weekend\_thread\_for\_general\_discussion\_and\_plans/hfz4tot/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3t7u2/weekend_thread_for_general_discussion_and_plans/hfz4tot/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Logicorluck has cast the line to u/springoniondip with a bet to reduce his ban by a month. LogicorLuck bet that HZR will outperform NKL for a chance to make it back to the promised land sooner. Going to say that it didn’t end well for NKL…. HZR went up 43% in the last month… whilst NKL went down 25%.... that’s a pretty polar result. A clear winner to logic…. Or… was it luck? + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3bfo4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3bfo4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The next match was a heavyweight round between u/kervio (hide your food) and u/Fameluck (cant get banned enough apparently). This was pure moby dick swinging that whoever posted portfolios worth more at the end of the week (of the bet) wins. Considering that some folk have posted that they have had daily swings worth more than my fukn life… this was bold. With the results in… Kervio was glowing green like fresh plutonium while fameluck laments his crab soup. Kervio you now have a chance to either extend Fame’s sentence or go easy on the cunt. Choose Wisely friend. + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3hp4s/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3hp4s/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Our favourite quackhead u/autodidact31 was to join in the fun next … maybe he had too much croissant on the weekend and bet that for a certain week EXR would be green EvErY sInGlE dAy. Needless to say… youll be eating crumbs in jail with bets like that bro. 1 week in the naughty corner for you to think about what you done. Will miss those morning carbs tho… ☹ + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6go2k/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6go2k/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/mechengguy93 backed fort is skew metals (FMG) to stay above their 52 week low of $13.96 for the rest of the month past Oct 11… and by god you had some close fukn calls mate. But you have scrappppeeeeeddd through. You have avoided your 1 month ban, good sir. A solid bet and a rollercoaster on a couple of days where it did dip below your mark only to squeak home in the end. Well played. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6zxt3/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6zxt3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Mobile-Rice-8889 was fairly certain that a crowd favourite VML will announce another offtake before years end…. As of now they have announced an increase in an existing one so this bet remains open with 1 month at tuna (steak…. Stake… I tried) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7j6dg?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7j6dg?utm_medium=android_app&utm_source=share&context=3) + +u/springoniondip couldn’t stay off the betting for longer than I could stay out the water. On the back of a major spike in NVA early in the month. Our favourite party dip reckoned she would soar to the lofty heights of 25c or face a 2 week ban. The heights remain lofty… the ban not as much. Shoulda bet on nuclear mate. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7nf5n?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7nf5n?utm_medium=android_app&utm_source=share&context=3) + +u/JustAnotherSimian was monkeying about with the thought that mushrooms of IHL were going to rise past 37c… except… he bet by the end of the week… instead of the end of the month… after a cheeky wank… this bonobo may have realised that wasn’t his best bet. And now faces the consequences of 1 month ban in the chimp pen. + +[https://www.reddit.com/r/ASX\_Bets/comments/q67z29/market\_open\_thread\_for\_general\_trading\_and\_plans/hgac7km/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q67z29/market_open_thread_for_general_trading_and_plans/hgac7km/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/waveyjayvey, after posting a questionable Simpsons meme, felt that he was willing to put his reddit freedom on the line betting that SGR (star entertainment group – is that the casino? Fuk if I know) will finish above $2.90 by the end of the week. Making the somewhat rookie mistake the baboon above did.. but Low and BEHOLD – came out a winner! Congrats Wavey! + +[https://www.reddit.com/r/ASX\_Bets/comments/q5muhr/my\_star\_group\_holdings/hged134?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5muhr/my_star_group_holdings/hged134?utm_medium=android_app&utm_source=share&context=3) + +Just when I thought – ye ok how bad could writing the ban post be…. We are now about HALF FUYCKING WAY. If you haven’t thanked your local mod for keeping you in line… you’re a cuck and I hope your beer is warm this weekend. I wonder who the special guest will be next month too? In for a solid write up I reckon… but I feel sorry for the cunt. Cos November is silly season before end of calendar year… could see a lot of bets coming through for a write up. Anyway back to the post.. + +u/CaoticMoments clearly sees no value in grape juice. Dw8 announcing a strategic acquisition and a capital raise did not change his view. Even tho DW8 is backed by our tesla owning resident u/itsdankreddit… CaoticMoments seized the opportunity to call shit when he sees it saying DW8 wouldn’t close above 6.6c in that week. The call was a good one. The wine remains vinegar. Dw8 continues to slide into the abyss. Maybe they’ll start an uprising like all those mutated cunts in the futurama episode in the sewer? + +[https://www.reddit.com/r/ASX\_Bets/comments/q6xsj6/acquisition\_cr\_bring\_on\_the\_dw8\_loss\_porn/hgfwcau?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q6xsj6/acquisition_cr_bring_on_the_dw8_loss_porn/hgfwcau?utm_medium=android_app&utm_source=share&context=3) + +The Skew fort metal group were certainly on the radar this month. u/megadrive65 has challenged u/poptartape and made the call that FMG will continue to sink in the quicksands of time to touch $6.5 no later than Jan 2022… we watch this one with baited (fishing term) breath. + +[https://www.reddit.com/r/ASX\_Bets/comments/q75mfc/premarket\_thread\_for\_general\_trading\_and\_plans/hggrqib/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q75mfc/premarket_thread_for_general_trading_and_plans/hggrqib/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/sinisterbiscuits joined the fun on ROG saying that if it doesnt reach 20c by Jan that they’ll shoot a pigeon and eat it in a jalapeno popper…. Deeeeelicious. I for one would love to see it as my suburb is plagued by those city shitters. Our gracious mods have since changed it to a 3 month ban bet instead. Red Sky Energy have a bit to deliver as they are currently less than 1c. Spking of red sky… apparently after a nuclear fall out the sunsets are gorgeous… who knew? + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jlmi/comment/hgpue0z/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jlmi/comment/hgpue0z/?utm_source=share&utm_medium=web2x&context=3) + +u/Blisser_the_Sniff (one of my archnemesiseses for spear fishing me earlier in the year) went BOLD on EXR. Betting that on Monday 18th EXR will finish in the seaweeds or a 1 month ban. u/rsoule878 felt this was an easy win and jumped in with the Sniff on the hopes that Mongolian gas is better than their lamb. I only say this because I once had Mongolian lamb and shat water for 2 weeks after. Was delicious but never again. Anyway cool story stinky… but these guys won their bet… EXR has since been a thorn in my dorsal but on THAT Monday she went orright. + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jngr/comment/hgyl2ho/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jngr/comment/hgyl2ho/?utm_source=share&utm_medium=web2x&context=3) + +One for next Month as u/cameltrowe lured u/WadoBJJ87 into putting his access where his mouth is on Sayona mining closing above 25c by the end of November. A 2 week ban is on the line. Camel has responded by saying if SYA reaches that mark he will take a 1 month ban and wax his hairy asshole. I reckon I can live without having to see that video… I pity the mods on this one… will wait till end of November to see… a shaved starfish lol + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/A_Anderson151 started a joust with u/Markma1989 on the value of IXR by the end of 2021. If IXR closes above 4.5c by 31st Dec - Markma takes a week on the sidelines. Remains below that mark and Anderson takes a week holiday to visit neo in the matrix or some shit… I dno Mr. Anderson references… im sorry. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkk2hn/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkk2hn/?utm_source=share&utm_medium=web2x&context=3) + +VML is a crowd favourite and has attracted a bit of attention. u/hellotbar1010 is Bullish AF on Vital basically doubling by the end of the year (hit 10c) u/Shawzus has called em out with and a feisty exchange took place. (kinda not really poetic license) should VML not reach the fabled 10c by years end… Hellotbar will take a year off to think about their choices. Should VML reach such loft… Shawzus will be back in 2023 (or most likely just lurk from the shadows) + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkkr4u/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkkr4u/?utm_source=share&utm_medium=web2x&context=3) + +If Uganda can mine REE as well as they make action movies… u/Crashworx is in the fukn money. Predicting the future Crash reckoned that IXR would make a market sensitive announcement by close Tuesday (26th) or cop a 1 week ban… Africa delivered (for once) and IXR announced something about a license at Makuuuuuuuuuutaaaaaaaaaaaaaaa… so Hakuna Matuuta to you Crash. No ban. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkno34?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkno34?utm_medium=android_app&utm_source=share&context=3) + +Now if you want to pull in a LOT of retards into a bet… take note of what u/Dont_Forget-To_Floss done… coz its fukn genius. Jumping on the recent hype of LKE. They gave the autistic chimps a multiple choice for their bet… they literally could just pick 1 of 4 choices on where LKE would finish this week. They hooked in u/OldMateHarry, u/ragnarlyduude, u/brewbenbrook, u/Shanrok and u/uncle_stripe. Actually a handful of others were also lured but were ruled out by Rule 11 – sorry chaps.. Of all the users (including the bets creator) only u/shanrok and u/uncle_stripe won… the rest of you muppets can take a week off lol. Well played Flossy… too bad you caught your own trap lol. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkq39l?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkq39l?utm_medium=android_app&utm_source=share&context=3) + +u/Secondary92 caught a wiff of an earlier bet that involved a shaved butthole. Got him keen and ready to place bets. If SYA finishes above 25c by the end of November – they’ll cop a 2 week ban. Curiously… im surprised we’ve got this far down the list and nobody mentioned a uranium stock? … so odd. + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/FPS_LIFE is willing to lay his ASX\_bets\_LIFE on the line with 4DS. The quad dog shit share has been in a voluntary trading halt for a decade (week or so) but shareholders are bullish because you cant kill a man that’s got no hope. FPS\_LIFE faces **PERMA BAN\_LIFE** should 4DogShits not close green on the Friday after news drops and the share starts trading again. Plenty of time to play the new COD right mate? + +[https://www.reddit.com/r/ASX\_Bets/comments/qf3auz/good\_luck\_4ds\_bagholders/hhysvr8/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qf3auz/good_luck_4ds_bagholders/hhysvr8/?utm_medium=android_app&utm_source=share&context=3) + +Not to be outdone on the big tuna (stakes… steaks…) u/Brilliantmove7 has gone a bit short on Vogue Metal Lalala (VML). The post also involved fairy dust and horse cock… so you know it was a good weekend. Should VML finish above 10c @ EOY we may never see the Brilliant Light of u/Brilliantmove7 again as they will also face a **PERMA\_BAN7**. We just might however see a Brilliantmove8? Will this be a Brilliant Move? Will? Who? What? get excited cucks this is a goody. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhywtq4/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhywtq4/?utm_medium=android_app&utm_source=share&context=3) + +one of our new bois felt that October was their time. u/tru_pls is pretty keen on some lithium in wherever the fuck SYA is digging. The bet is SYA to be 20c by mid November (17th). Is that enough time for this budding autist to make some dosh? Or is he going to get shat out by u/WowVeryJosh. (only cos it kinda rhymed) Find out in a couple of of weeks whether tru\_pls sticks about or we say “SEEEEYYYYYAAAAAAAAAAA” in 6 months. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhz7i8g?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhz7i8g?utm_medium=android_app&utm_source=share&context=3) + +Lucky last but certainly not least we have a rev head in the mix. u/debtandregret1984 has made a bet that GTR will make him enough money to buy a GTR by the end of the year. I know fuck all about cars… but im pretty sure it’s the Nissan GT-R right? Quick look on cars guide has a MSRP: $193,800 … fuck me… I really am the smallest whale. That’s like… (counts fins) 3x my lifes value? Fuck lol… debtandregret1984’s bet is to purchase said car by end of the year or take a 1 month ban. I hope to see the car – get it in blue bro (blue whale!) + +[https://www.reddit.com/r/ASX\_Bets/comments/qhh5yi/premarket\_thread\_for\_general\_trading\_and\_plans/hid8ywn/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/qhh5yi/premarket_thread_for_general_trading_and_plans/hid8ywn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Well folks… that about wraps up the bets for the month of October. We’ve had a wild wild month. Global panic due to Evergrande. Lithium spiking up so high it tickled gods arse and Uranium Exploded (still cant believe there wasn’t a bet on PEN or BOE anyway… ). Its also nice to see that some things never change. Z1P is still a dog… but wIlL bE $4o By ChRiStMaS !1!! I hope you’ve enjoyed this months wrap with your resident chiller whale. A shoutout to the mods because, trust me, they do a fuckn tonne of work to keep all this on track… over 80,000 retards with keyboards…. It’s a lot. u/letsburn00, u/The_lordofruin and u/phantom_hax0r – you have my respects. + +An extra special shoutout to u/username-taken82 and u/mcfucking who were the lifegivers of this post. + +Lastly a mad shoutout to all the OGs and the wonderful people in this sub who I get to interact with. I do love being your resident whale and am very humbled that you people find me somewhat amusing. Stay safe friends and enjoy your weekends! + +Much love + +Whale + +🐋❤ + Lancefish and Garpike, lend me your gills! + +Its yo boi Stinky coming at you live from the waters of Dicks Lake coming at you fresh with this months bans. I have been given the honour and privilege of this months ban bets post. I feel I contribute to this sub as much as a barnacle contributes to space travel but im here and fukya. + +So who went fishing and caught the boot? Did ya’ll make seaweed or wake up with crabs 🦀🦀? Lets find out! + +Time to take a fukn peek at the degenerate shenanigans that this cluster of radioactive, lithium injecting, gas sniffing bunch of guppies came up with. So grab a can of your favourite bevvie and your tinned tuna and ensure it scans around 3.6 roentgens for not great, not terrible flavour. + +First out the waves was u/Rude_Jello_377 betting u/Josho- that XJO will have more green days in October than red days… which is kinda odd to me coz like.. 25 days of 1% green could all be undone by a single 20% red? Maybe? Fuck I dno I didn’t finish school. Nevertheless the XJO index happened to be green and your winner is u/Rude_Jello_377. I guess u/Josho- will continue his *Hunt for Red October* 🤡 (the nuclear strike is still coming? Maybe?) [https://www.reddit.com/r/ASX\_Bets/comments/pyvxj9/market\_open\_thread\_for\_general\_trading\_and\_plans/heycbl4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pyvxj9/market_open_thread_for_general_trading_and_plans/heycbl4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Not long after, Evergrande decided that the world didn’t hate China enough and told everyone to shit themselves. Two big swinging peepee autists put their internet privileges on the line with audacious confidence. u/SunkDestroyer, who gives no fucks about your market crash vibe, bet that if a single circuit breaker is activated on the S&P 500 this year.. he’ll cop a **5 year** ban (collective gasp). Not to be outdone u/BuiltDifferant swallowed some uranium pills and said my peepee BIGGER! And joined the shipwreck but with a **10 year ban!** (someone faints). Good luck fellas! We’ll find out the winner in the December ban bet post! [https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf66z49/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf66z49/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/pz3cu9/weekend\_thread\_for\_general\_discussion\_and\_plans/hf7o623/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf7o623/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/SlipperyJim1 got a lil frisky and offered to dick down his old man if EXR didn’t touch 30c this by end of the month. A spooky prospect – always someone trying to one up the cum drinker… fortunately for him – it not only touched 30c once… but 3 times.. so his pops rectum remains in tact. (dick the old man or a 1 month ban was the actual bet…. What he would have actually chosen is now as speculative as gas mining in Zimbabwe) + +[https://www.reddit.com/r/ASX\_Bets/comments/q0sr8j/market\_open\_thread\_for\_general\_trading\_and\_plans/hfb8fuf?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0sr8j/market_open_thread_for_general_trading_and_plans/hfb8fuf?utm_medium=android_app&utm_source=share&context=3) + +u/Rude_Jello_377 called out u/CuckBike on a proof or ban for “well maybe over a few million yeah ik im a degenerate”. Does u/CuckBike actually have millions to throw? Will his options that will make said millions pay off or will he have to mutate an extra set of arms to dig out the debt he could find himself in? Tune in in 4 months time when we either see him yolo it into DLC (actually rocketed lol still cant believe that shit) or get out the lube for some fantastic loss porn. + +[https://www.reddit.com/r/ASX\_Bets/comments/q0cnlo/premarket\_thread\_for\_general\_trading\_and\_plans/hfa8oy4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q0cnlo/premarket_thread_for_general_trading_and_plans/hfa8oy4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Now im not an advocate of boomer stocks but a bet is a bet. u/Mitchuation placed a go-er on NAB and their bazilliuon $$ ad campaign can push its SP up 5%. In short – it didn’t. See ya in a week mate. Bet on boomer catch the “insert something that rhymes with boomer” + +[https://www.reddit.com/r/ASX\_Bets/comments/pwck3t/comment/hehczu9/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pwck3t/comment/hehczu9/?utm_source=share&utm_medium=web2x&context=3) + +u/Xenphenik – we haven’t forgot about you. You made a bet way back in August that if didn’t WBT reached above $5 before the end of October youll be taking the rest of the year off (2 month ban). Well… ill be honest… im surprised you got pretty close with a high of $4.50 in September… but alas the last time Weeeeebit was above $5 was back in Feb 2013 – and thus it remains. Merry Christmas ya filthy animal. + +[https://www.reddit.com/r/ASX\_Bets/comments/p5zdai/premarket\_thread\_for\_general\_trading\_and\_plans/h9aab7q?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/p5zdai/premarket_thread_for_general_trading_and_plans/h9aab7q?utm_medium=android_app&utm_source=share&context=3) + +We all love to catch knives… hell I juggle them and I don��t have opposable thumbs. u/Meh-Levolent and u/shananigans0333 took it to the next level and bet on the sour milk company back in september. With what looked like a randomly selected line of $5.78… u/shananigans0333 wins if the price is below the line.. . u/Meh-Levolent wins if the price is above the line…. Looks like the knife wasn’t as sharp as u/shananigans0333 had hoped… and the lumpy milk grey some legs and walked past $6… Congratulations sir! A2(m) week ban for you! + +[https://www.reddit.com/r/ASX\_Bets/comments/pgddqo/comment/hbdbhw5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/pgddqo/comment/hbdbhw5/?utm_source=share&utm_medium=web2x&context=3) + +u/johnwho92 made quick work to earn a their flair with their PRN $1 by Xmas or 3 month ban bet. It took a whopping 6 days for PRN to hit a buck. It’s held steady as fuck since…. Next rocket incoming? Who knows? Maybe John? John who? Exactly. Post some DD – im calling you out. Congrats on the shiny flair… may it glow like a uranium dildo. [https://www.reddit.com/r/ASX\_Bets/comments/pz3sdf/ban\_bets\_ban\_bets\_bitches/hfk80a1/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/pz3sdf/ban_bets_ban_bets_bitches/hfk80a1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/_Smoulder_ joined the BANd wagon of things with … a bet I had to read 4x to kinda understand wtf was going on. “If CXO both reaches the ATH at $0.5 and closes above the ATH of $0.46 in the month of October I’ll take a 1 month ban of the whole of November as punishment”. So if he was right he gets banned? Well – congratulations! You played yourself.. enjoy the November off lol. u/ocean_sky_wind joined in on this but from a more normal perspective. Taking a 1 week ban if the SP is lower than 0.47… see that’s a bet my smol whale brain can understand. Hooray for the oceans! Sky n wind be damned tho. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3kprp/market\_open\_thread\_for\_general\_trading\_and\_plans/hfsmtaq/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3kprp/market_open_thread_for_general_trading_and_plans/hfsmtaq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5t10v/ta\_wars\_episode\_i\_the\_phantom\_cxo\_ban\_bet/hg7y23i/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5t10v/ta_wars_episode_i_the_phantom_cxo_ban_bet/hg7y23i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The flair hunting has taken off… with u/FameLuck calling out u/withhindsight on his “legalised drug cartel stock” betting that the dirty dirty oil of BRK will have a better month than mushroom hunting pigs at IHL. From what I can tell…. IHL had a mild October with roughly 7% increase. BRK on the other hand started digging and looks to be -16% for the month (like 5 tics?) so… unlucky Fameluck … miss ya bud. Gonna miss ya a bit longer too. + +[https://www.reddit.com/r/ASX\_Bets/comments/q3t7u2/weekend\_thread\_for\_general\_discussion\_and\_plans/hfz4tot/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q3t7u2/weekend_thread_for_general_discussion_and_plans/hfz4tot/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Logicorluck has cast the line to u/springoniondip with a bet to reduce his ban by a month. LogicorLuck bet that HZR will outperform NKL for a chance to make it back to the promised land sooner. Going to say that it didn’t end well for NKL…. HZR went up 43% in the last month… whilst NKL went down 25%.... that’s a pretty polar result. A clear winner to logic…. Or… was it luck? + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3bfo4/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3bfo4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +The next match was a heavyweight round between u/kervio (hide your food) and u/Fameluck (cant get banned enough apparently). This was pure moby dick swinging that whoever posted portfolios worth more at the end of the week (of the bet) wins. Considering that some folk have posted that they have had daily swings worth more than my fukn life… this was bold. With the results in… Kervio was glowing green like fresh plutonium while fameluck laments his crab soup. Kervio you now have a chance to either extend Fame’s sentence or go easy on the cunt. Choose Wisely friend. + +[https://www.reddit.com/r/ASX\_Bets/comments/q53049/premarket\_thread\_for\_general\_trading\_and\_plans/hg3hp4s/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q53049/premarket_thread_for_general_trading_and_plans/hg3hp4s/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Our favourite quackhead u/autodidact31 was to join in the fun next … maybe he had too much croissant on the weekend and bet that for a certain week EXR would be green EvErY sInGlE dAy. Needless to say… youll be eating crumbs in jail with bets like that bro. 1 week in the naughty corner for you to think about what you done. Will miss those morning carbs tho… ☹ + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6go2k/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6go2k/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/mechengguy93 backed fort is skew metals (FMG) to stay above their 52 week low of $13.96 for the rest of the month past Oct 11… and by god you had some close fukn calls mate. But you have scrappppeeeeeddd through. You have avoided your 1 month ban, good sir. A solid bet and a rollercoaster on a couple of days where it did dip below your mark only to squeak home in the end. Well played. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5ip5n/market\_open\_thread\_for\_general\_trading\_and\_plans/hg6zxt3/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5ip5n/market_open_thread_for_general_trading_and_plans/hg6zxt3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Mobile-Rice-8889 was fairly certain that a crowd favourite VML will announce another offtake before years end…. As of now they have announced an increase in an existing one so this bet remains open with 1 month at tuna (steak…. Stake… I tried) + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7j6dg?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7j6dg?utm_medium=android_app&utm_source=share&context=3) + +u/springoniondip couldn’t stay off the betting for longer than I could stay out the water. On the back of a major spike in NVA early in the month. Our favourite party dip reckoned she would soar to the lofty heights of 25c or face a 2 week ban. The heights remain lofty… the ban not as much. Shoulda bet on nuclear mate. + +[https://www.reddit.com/r/ASX\_Bets/comments/q5q9bm/premarket\_thread\_for\_general\_trading\_and\_plans/hg7nf5n?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7nf5n?utm_medium=android_app&utm_source=share&context=3) + +u/JustAnotherSimian was monkeying about with the thought that mushrooms of IHL were going to rise past 37c… except… he bet by the end of the week… instead of the end of the month… after a cheeky wank… this bonobo may have realised that wasn’t his best bet. And now faces the consequences of 1 month ban in the chimp pen. + +[https://www.reddit.com/r/ASX\_Bets/comments/q67z29/market\_open\_thread\_for\_general\_trading\_and\_plans/hgac7km/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q67z29/market_open_thread_for_general_trading_and_plans/hgac7km/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/waveyjayvey, after posting a questionable Simpsons meme, felt that he was willing to put his reddit freedom on the line betting that SGR (star entertainment group – is that the casino? Fuk if I know) will finish above $2.90 by the end of the week. Making the somewhat rookie mistake the baboon above did.. but Low and BEHOLD – came out a winner! Congrats Wavey! + +[https://www.reddit.com/r/ASX\_Bets/comments/q5muhr/my\_star\_group\_holdings/hged134?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q5muhr/my_star_group_holdings/hged134?utm_medium=android_app&utm_source=share&context=3) + +Just when I thought – ye ok how bad could writing the ban post be…. We are now about HALF FUYCKING WAY. If you haven’t thanked your local mod for keeping you in line… you’re a cuck and I hope your beer is warm this weekend. I wonder who the special guest will be next month too? In for a solid write up I reckon… but I feel sorry for the cunt. Cos November is silly season before end of calendar year… could see a lot of bets coming through for a write up. Anyway back to the post.. + +u/CaoticMoments clearly sees no value in grape juice. Dw8 announcing a strategic acquisition and a capital raise did not change his view. Even tho DW8 is backed by our tesla owning resident u/itsdankreddit… CaoticMoments seized the opportunity to call shit when he sees it saying DW8 wouldn’t close above 6.6c in that week. The call was a good one. The wine remains vinegar. Dw8 continues to slide into the abyss. Maybe they’ll start an uprising like all those mutated cunts in the futurama episode in the sewer? + +[https://www.reddit.com/r/ASX\_Bets/comments/q6xsj6/acquisition\_cr\_bring\_on\_the\_dw8\_loss\_porn/hgfwcau?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/q6xsj6/acquisition_cr_bring_on_the_dw8_loss_porn/hgfwcau?utm_medium=android_app&utm_source=share&context=3) + +The Skew fort metal group were certainly on the radar this month. u/megadrive65 has challenged u/poptartape and made the call that FMG will continue to sink in the quicksands of time to touch $6.5 no later than Jan 2022… we watch this one with baited (fishing term) breath. + +[https://www.reddit.com/r/ASX\_Bets/comments/q75mfc/premarket\_thread\_for\_general\_trading\_and\_plans/hggrqib/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/q75mfc/premarket_thread_for_general_trading_and_plans/hggrqib/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/sinisterbiscuits joined the fun on ROG saying that if it doesnt reach 20c by Jan that they’ll shoot a pigeon and eat it in a jalapeno popper…. Deeeeelicious. I for one would love to see it as my suburb is plagued by those city shitters. Our gracious mods have since changed it to a 3 month ban bet instead. Red Sky Energy have a bit to deliver as they are currently less than 1c. Spking of red sky… apparently after a nuclear fall out the sunsets are gorgeous… who knew? + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jlmi/comment/hgpue0z/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jlmi/comment/hgpue0z/?utm_source=share&utm_medium=web2x&context=3) + +u/Blisser_the_Sniff (one of my archnemesiseses for spear fishing me earlier in the year) went BOLD on EXR. Betting that on Monday 18th EXR will finish in the seaweeds or a 1 month ban. u/rsoule878 felt this was an easy win and jumped in with the Sniff on the hopes that Mongolian gas is better than their lamb. I only say this because I once had Mongolian lamb and shat water for 2 weeks after. Was delicious but never again. Anyway cool story stinky… but these guys won their bet… EXR has since been a thorn in my dorsal but on THAT Monday she went orright. + +[https://www.reddit.com/r/ASX\_Bets/comments/q8jngr/comment/hgyl2ho/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/q8jngr/comment/hgyl2ho/?utm_source=share&utm_medium=web2x&context=3) + +One for next Month as u/cameltrowe lured u/WadoBJJ87 into putting his access where his mouth is on Sayona mining closing above 25c by the end of November. A 2 week ban is on the line. Camel has responded by saying if SYA reaches that mark he will take a 1 month ban and wax his hairy asshole. I reckon I can live without having to see that video… I pity the mods on this one… will wait till end of November to see… a shaved starfish lol + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/A_Anderson151 started a joust with u/Markma1989 on the value of IXR by the end of 2021. If IXR closes above 4.5c by 31st Dec - Markma takes a week on the sidelines. Remains below that mark and Anderson takes a week holiday to visit neo in the matrix or some shit… I dno Mr. Anderson references… im sorry. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkk2hn/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkk2hn/?utm_source=share&utm_medium=web2x&context=3) + +VML is a crowd favourite and has attracted a bit of attention. u/hellotbar1010 is Bullish AF on Vital basically doubling by the end of the year (hit 10c) u/Shawzus has called em out with and a feisty exchange took place. (kinda not really poetic license) should VML not reach the fabled 10c by years end… Hellotbar will take a year off to think about their choices. Should VML reach such loft… Shawzus will be back in 2023 (or most likely just lurk from the shadows) + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/comment/hhkkr4u/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkkr4u/?utm_source=share&utm_medium=web2x&context=3) + +If Uganda can mine REE as well as they make action movies… u/Crashworx is in the fukn money. Predicting the future Crash reckoned that IXR would make a market sensitive announcement by close Tuesday (26th) or cop a 1 week ban… Africa delivered (for once) and IXR announced something about a license at Makuuuuuuuuuutaaaaaaaaaaaaaaa… so Hakuna Matuuta to you Crash. No ban. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkno34?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkno34?utm_medium=android_app&utm_source=share&context=3) + +Now if you want to pull in a LOT of retards into a bet… take note of what u/Dont_Forget-To_Floss done… coz its fukn genius. Jumping on the recent hype of LKE. They gave the autistic chimps a multiple choice for their bet… they literally could just pick 1 of 4 choices on where LKE would finish this week. They hooked in u/OldMateHarry, u/ragnarlyduude, u/brewbenbrook, u/Shanrok and u/uncle_stripe. Actually a handful of others were also lured but were ruled out by Rule 11 – sorry chaps.. Of all the users (including the bets creator) only u/shanrok and u/uncle_stripe won… the rest of you muppets can take a week off lol. Well played Flossy… too bad you caught your own trap lol. + +[https://www.reddit.com/r/ASX\_Bets/comments/qd3h5c/market\_open\_thread\_for\_general\_trading\_and\_plans/hhkq39l?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkq39l?utm_medium=android_app&utm_source=share&context=3) + +u/Secondary92 caught a wiff of an earlier bet that involved a shaved butthole. Got him keen and ready to place bets. If SYA finishes above 25c by the end of November – they’ll cop a 2 week ban. Curiously… im surprised we’ve got this far down the list and nobody mentioned a uranium stock? … so odd. + +[https://www.reddit.com/r/ASX\_Bets/comments/qclw98/premarket\_thread\_for\_general\_trading\_and\_plans/hhh5eyt?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt?utm_medium=android_app&utm_source=share&context=3) + +u/FPS_LIFE is willing to lay his ASX\_bets\_LIFE on the line with 4DS. The quad dog shit share has been in a voluntary trading halt for a decade (week or so) but shareholders are bullish because you cant kill a man that’s got no hope. FPS\_LIFE faces **PERMA BAN\_LIFE** should 4DogShits not close green on the Friday after news drops and the share starts trading again. Plenty of time to play the new COD right mate? + +[https://www.reddit.com/r/ASX\_Bets/comments/qf3auz/good\_luck\_4ds\_bagholders/hhysvr8/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qf3auz/good_luck_4ds_bagholders/hhysvr8/?utm_medium=android_app&utm_source=share&context=3) + +Not to be outdone on the big tuna (stakes… steaks…) u/Brilliantmove7 has gone a bit short on Vogue Metal Lalala (VML). The post also involved fairy dust and horse cock… so you know it was a good weekend. Should VML finish above 10c @ EOY we may never see the Brilliant Light of u/Brilliantmove7 again as they will also face a **PERMA\_BAN7**. We just might however see a Brilliantmove8? Will this be a Brilliant Move? Will? Who? What? get excited cucks this is a goody. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhywtq4/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhywtq4/?utm_medium=android_app&utm_source=share&context=3) + +one of our new bois felt that October was their time. u/tru_pls is pretty keen on some lithium in wherever the fuck SYA is digging. The bet is SYA to be 20c by mid November (17th). Is that enough time for this budding autist to make some dosh? Or is he going to get shat out by u/WowVeryJosh. (only cos it kinda rhymed) Find out in a couple of of weeks whether tru\_pls sticks about or we say “SEEEEYYYYYAAAAAAAAAAA” in 6 months. + +[https://www.reddit.com/r/ASX\_Bets/comments/qfb1xg/premarket\_thread\_for\_general\_trading\_and\_plans/hhz7i8g?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhz7i8g?utm_medium=android_app&utm_source=share&context=3) + +Lucky last but certainly not least we have a rev head in the mix. u/debtandregret1984 has made a bet that GTR will make him enough money to buy a GTR by the end of the year. I know fuck all about cars… but im pretty sure it’s the Nissan GT-R right? Quick look on cars guide has a MSRP: $193,800 … fuck me… I really am the smallest whale. That’s like… (counts fins) 3x my lifes value? Fuck lol… debtandregret1984’s bet is to purchase said car by end of the year or take a 1 month ban. I hope to see the car – get it in blue bro (blue whale!) + +[https://www.reddit.com/r/ASX\_Bets/comments/qhh5yi/premarket\_thread\_for\_general\_trading\_and\_plans/hid8ywn/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/ASX_Bets/comments/qhh5yi/premarket_thread_for_general_trading_and_plans/hid8ywn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Well folks… that about wraps up the bets for the month of October. We’ve had a wild wild month. Global panic due to Evergrande. Lithium spiking up so high it tickled gods arse and Uranium Exploded (still cant believe there wasn’t a bet on PEN or BOE anyway… ). Its also nice to see that some things never change. Z1P is still a dog… but wIlL bE $4o By ChRiStMaS !1!! I hope you’ve enjoyed this months wrap with your resident chiller whale. A shoutout to the mods because, trust me, they do a fuckn tonne of work to keep all this on track… over 80,000 retards with keyboards…. It’s a lot. u/letsburn00, u/The_lordofruin and u/phantom_hax0r – you have my respects. + +An extra special shoutout to u/username-taken82 and u/mcfucking who were the lifegivers of this post. + +Lastly a mad shoutout to all the OGs and the wonderful people in this sub who I get to interact with. I do love being your resident whale and am very humbled that you people find me somewhat amusing. Stay safe friends and enjoy your weekends! + +Much love + +Whale + +🐋❤ +Edit added this - TL;DR: We are past defaults starting, the amount of people now 60 days overdue on bills is surging meanwhile automotive backed securities are being traded at all time high rates while being one of the clearest bubbles and most at risk assets. The car market is starting to look like a smaller version of the 08 housing market. People have near record lows amounts of cash on hand/savings accounts while the cost of living surges. Some familes are being left with the choice of pay your debts or buy food. + + + +In my last post I touched on the relationship the FED has with the bond market and also the US dollar x Money supply. Now I want to bring more things into focus to really show the size of the bubble that they are deflating and eventually one way or another it will pop. The timings of my recent posts are because I believe we are closer than ever to MOASS. I've been a long term holder and zen ape for some time but then a yet to be convicted criminal named Ken Griffin blamed retail for losing teachers pensions.... + +&#x200B; + +https://preview.redd.it/ifmcxymeyd291.jpg?width=1752&format=pjpg&auto=webp&s=fadb8b6e1b6035cfd25878fb2cf042925c27b60e + +So again much like my previous post I'm going to try and simplify a lot of rather complicated issues so that when MOASS happens and people flood to superstonk to see what the hell is going on there will be clear and simple data that I hope people without existing knowledge can digest because ultamitely the financial powers will need a scapegoat to justify continuing this incredibly broken system rather than actually fixing it and making it fair. + +# SPACs + +"A special purpose acquisition company (SPAC) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) or the purpose of acquiring or merging with an existing company. + +Also known as "blank check companies," SPACs have been around for decades, but their popularity has soared in recent years. In 2020, 247 SPACs were created with $80 billion invested." + +It is normal when monetary policy relaxes to see an influx of people/companies trying to make the most of it, this can present exciting opportunities for new companies breaking into the market but this can also lead to a lot of companies without a plan taking a huge influx of cash they wouldn't normally so by nature all SPACs no matter how promising they seem on paper are speculative. + +SPACs are largely popular due to the loose regulations (on wall street? \*GASP\*) Until 2020 the record number of SPACs was in 2007 with 66 which I will show shortly with a graph but before I do. + +A recent article in the WSJ issued this *warning*, + +" The companies with warnings amount to more than 10% of the 232 companies that listed through SPACs in that period, Audit Analytics said. That percentage is roughly double that for companies that listed through more-traditional initial public offerings, Audit Analytics said. The count excludes hundreds of IPOs by blank-check companies—SPACs before they merge with a private company—which often carry going-concern notices of their own. " + +While 10% of 232 is a very worrying amount this is just what the WSJ is reporting on and for data that is currently available, much like most things on superstonk once we see the real numbers it's going to be A LOT higher. + +https://preview.redd.it/cxmvlwsr6e291.png?width=729&format=png&auto=webp&s=84a47c49fec2bb9941a83ce11f68db8098b4f34b + +SPACs are speculative by nature, and bubble by exploit. More than 10% of SPACs in 248 are reporting they may not survive the next 12 months, well we don't have data on the record 613 SPACs OF 2021 nearly 10x that of 2007 but I'm pretty sure it's not going to be pretty. There is a wave of unemployment and bankruptcies coming. + +# Savings rate dropping and debt defaults rising. + +Personal saving as a percentage of disposable personal income (DPI), frequently referred to as "the personal saving rate," is calculated as the ratio of personal saving to DPI. +