diff --git "a/reddit_finance_43_250k_103.txt" "b/reddit_finance_43_250k_103.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_103.txt" @@ -0,0 +1,10000 @@ +Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences + +&#x200B; + +https://preview.redd.it/yubgjdnwce291.png?width=1168&format=png&auto=webp&s=2be6b204ac5a63814531180665fbe2292845cefa + +This is as far back as the data goes but you can see the absolute insanity that happened during the lockdowns in terms of people saving money through whatever reasons and when I say insanity I'm not saying it's insane to save money, I'm saying to more than double the previous all time high from a data stand point is insanity. Now we can see due to rising inflation, general cost of living crisis that the personal savings rate is plummeting like Robinhood stock. + +Now a lot of people are left with a choice of whether they wish to eat or pay back their loans with no relief. This is leading to a huge surge in defaults on personal loans, credit cards, car payments and mortgages. + +The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal, according to credit-reporting firm Equifax. In March, those delinquencies rose month over month for the eighth time in a row, nearing their pre pandemic levels. Delinquencies on subprime car loans and leases hit an all-time high in February, based on Equifax’s tracking that goes back to 2007. + +Spending rate and default rate are both increasing after dropping significantly during the pandemic. + +&#x200B; + +https://preview.redd.it/pl4e9dn7hf291.png?width=1168&format=png&auto=webp&s=83d80de34f8f5e1b57d40210ad29f3db1096c47a + +https://preview.redd.it/ppn9amn9ue291.png?width=1168&format=png&auto=webp&s=04f2fca50d7fb32ffad19f4c111baef2c3a02c2e + +Some 11% of general-purpose credit cards held by consumers with credit scores below 620 were at least 60 days behind on payment in March compared with 9.8% a year prior, according to the latest data available from Equifax. Personal loans and lines of credit delinquencies came in at 11.3%, up from 10.4% a year prior. Both categories hit Covid-19-era lows of 7.5% and 8.3%, respectively, in July. + +Car loan and lease delinquencies hit a record in February, based on Equifax’s tracking, with 8.8% of subprime accounts behind on payment by at least 60 days. That edged down to 8.5% in March but was still the second highest level on record. + +Rising defaults were inevitable with the sharpest interest rate rise in years and they are looking to continue. The working class and lower income families are already suffering immensely, that will continue to bleed into the middle class as the rates continue to go up by 0.5 and possibly even higher as the battle with inflation continues. + +Wall Street being the insatiable beast that has found a way to make this worse too, here's a snippet from a bloomberg article in May. + +"Repackaged auto loans seem like an unlikely place for mauled credit investors to hide, but they are outperforming and issuance is at a multi-year high. + +Corporations have sold more than $58 billion of asset-backed securities supported by auto loans this year, about 20% more than at this point in 2021" + +&#x200B; + +https://preview.redd.it/kpu8uqh44f291.png?width=704&format=png&auto=webp&s=cb75d4f40fe210226347a8284bd7c64ca7b6f460 + +If this is beginning to sound familiar it is because defaults on Mortgage backed securities (MBS) were at the heart of the financial crisis in 08. ABS is backed by the price of the car which until this point has been rising like crazy, much like the housing bubble in 08, what happened in 08 when people couldn't pay their mortgages? The collateral is seized and the value drops. + +&#x200B; + +https://preview.redd.it/tj6nqzhkdf291.png?width=1168&format=png&auto=webp&s=36aa46a22d2a4b3e4aa179f01c4a01eec04e5668 + +"But auto loan debt is ultimately backed by cars, including loans made to subprime borrowers. Prices on both new and used vehicles are up with prices on both new and used vehicles up 14% over the last year thanks in part to shortages of chips, according to US consumer price index data and the Manheim index. Used car prices have been falling in recent months, but new vehicle prices are still rising. + +In addition, the bonds typically mature within a few years, and with unemployment at just 3.6%, investors are willing to bet that consumers will keep paying their loans in the near term." + +Here is a graph to show just how inflated the used car market in the US is right now. + +https://preview.redd.it/vfkd0kj59f291.jpg?width=4497&format=pjpg&auto=webp&s=056b22dcdbeacd8ad061ec1e94d298755f587fa1 + +Now with inflation still running hot, supply chain issues it may seem logical to think that prices for used cars will just continue to increase but with the increased cost of living, defaults on other payments already increasing and looking at the insane levels used cars are currently trading I believe this is about to change. + +***"Consumer Sentiment declines from April.*** The initial March reading on Consumer Sentiment from the University of Michigan declined 9.4% to 59.1 from 65.2 in April. Consumers’ views of both current conditions and future expectations declined similarly. The expected inflation rate was stable. Consumers’ views of buying conditions for vehicles declined to the lowest reading this year. The daily index of consumer sentiment from Morning Consult has also declined so far in May. As of today, the index was down 0.4% week over week, leaving the index down 2.1% for the month so far. " - Manheim Index. + +To simplify this, a lot of people have massively overpaid for cars for a variety of reasons and Automotive backed securities (ABS) are worked out on the value at time of purchase, as would any agreed payment plan. Defaults are increasing rapidly as now some people cannot keep up with this current cost of living crisis and are having to prioritise what monthly repayments they make. This is a systematic risk to anyone trading ABS however number of trades are surging showing that wallstreet is ignoring the risk once again as we the amount of $ in loans relating to motor vehicle loans surges to new all time highs at $1.3T + +&#x200B; + +https://preview.redd.it/b3g6iz8off291.png?width=1168&format=png&auto=webp&s=a43d346c7af9430248d70399c0e72171d6c05c24 + +So despite the evidence that things are turning and becoming incredibly bearish and that the possibility of the mother of all crashes is coming why outside of the major indexes is this being ignored? Just pure greed from wallstreet gaming the system and wrecklessly gambling away pensions. I have asked myslef this in the past when thinking about MOASS, why haven't they given up yet? The only awnser I have is that, they can't. I've thought to myslef why don't they just let the stock run and see if a few apes jump early and start selling for pennies on the dollar because investors have seen the price in the hundreds, they know how that feels. Apes are yet to see prices in the thousands, why not dangle the carrot and the only reason why I think this hasn't happened yet is because they can't afford to and they are waiting for a bailout. + +For now apes I'll end part 1 with this message to all shills, hedgies, shorters etc... The players have started to figure out the game... + +&#x200B; + +https://preview.redd.it/jht57cn3lf291.jpg?width=500&format=pjpg&auto=webp&s=9d5ac772a1e6dd61c13b138fb5ba6c081b7ef335 + +&#x200B; + +BUY. HOLD. DRS. VOTE. SPLIT. MOON. +I got a message from my bank a month ago saying something like, “investing in crypto is not safe and it’s dangerous”, I have stopped using that bank now. + +This is actually hilarious, because as I like to bet some money on sports (just a little bit for fun) and I’ve never received a message about the dangers of gambling. + +There has been so many cases of lives being ruined by gambling and if the bank want to advise us about something, they should advise us about not gambling instead of investing crypto.. + +In the end, I do understand their point. They are probably scared shaking about crypto’s threat to their banking system. +https://www.cnn.com/2019/09/20/business/co-working-companies-economy-risk-boston-fed/index.html + + +New York (CNN Business) The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday. + +Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the Fed's recent interest rate cuts, said lower rates will boost risk in "unexpected places." + +"Evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate," he said at an event in New York City. "One such market model is the development of co-working spaces in many major urban office markets." +This is in response to a video Charlie's vids put out saying Dr. Marco Metzler was fake and anyone following or promoting him is a shill. He then proceeded to incorrectly use the way back machine to say the articles about him were a week old and that he is made up. First off the way back machine shows when a website was archived not when a website was created. The websites he found were likely only saved recently because of increased traffic to them since Dr. Marco popped up on out radar. The Wayback machine also does not save every url on the internet if you enter enough websites you will see the message this website has not been archived before. For those unfamiliar with why he is relevant to us here is one of his posts from early December linking Shitadel to Evergrande and why we are a hedge against a market crash. + +https://preview.redd.it/pd55idx61a781.png?width=996&format=png&auto=webp&s=68d99c79d355266635638687971a5d64311ad982 + +If you want to actually find when a website was published here is a guide if Google doesn't automatically show the publish date. + +1. Go to Google and in the search box enter **"inurl:"** without the quotes. +2. Then add the link to the website you are trying to check after "inurl:"and click search. I found Dr. Metzler's Rating Consulting website and used that link. [https://www.metzler-consulting.ch/](https://www.metzler-consulting.ch/) +3. Finally after that go to the URL at the top of the page not the Google search box and add this to the end without quotes. **“&as\_qdr=y15”** and click enter and Google will post the published date next to the website description. I have posted a screenshot and you can see this website was published in 2015 disproving Charlie's theory he just created everything recently. + +https://preview.redd.it/nimlwea91a781.png?width=1447&format=png&auto=webp&s=0ea9ed251845c421289422771c86690ead745b16 + +He is also listed as an employee on the Deutsche MarktScreening Agentur (DMSA) website. [https://www.dmsa-agentur.de/unternehmen](https://www.dmsa-agentur.de/unternehmen) + +https://preview.redd.it/kcokpvyc1a781.png?width=1654&format=png&auto=webp&s=43bd9d1fa466cd3b9aee20d65e9b5644a814a1a2 + +They are bond holders of Evergrande as well so they would likely have information about Shitadel being tied to Evergrande through a third party. They have been public about them expecting Evergrande to default and they have actually started bankruptcy proceedings against them. [https://markets.businessinsider.com/news/stocks/evergrande-officially-defaulted-dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-1030960448](https://markets.businessinsider.com/news/stocks/evergrande-officially-defaulted-dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-1030960448) + +&#x200B; + +Here is another article from October about the DMSA on Evergrande and mentions that Metzler correctly predicted the bankruptcy of Mannheimer Lebensversicherung in 2003. [https://www.prnewswire.com/news-releases/evergrande-international-bond-investors-facing-22-5-billion-usd-write-offs-301407590.html](https://www.prnewswire.com/news-releases/evergrande-international-bond-investors-facing-22-5-billion-usd-write-offs-301407590.html) + +https://preview.redd.it/lnfqdmmf1a781.png?width=1192&format=png&auto=webp&s=e1fd3d9d434e3672a9cffa5c74367344db612ae7 + +&#x200B; + +Now this gives us something to looking into even further back. Dr. Metzler used to work at Fitch Ratings and here is a link to Fitch downgrading Mannheimer back in 2005 and Marco Metzler is mentioned at the bottom with his phone number. [https://www.fitchratings.com/research/insurance/fitch-downgrades-hamburg-mannheimer-victoria-leben-and-dkv-to-a-19-07-2005](https://www.fitchratings.com/research/insurance/fitch-downgrades-hamburg-mannheimer-victoria-leben-and-dkv-to-a-19-07-2005) + +https://preview.redd.it/stgk5cwg1a781.png?width=933&format=png&auto=webp&s=95e552d71a212ddeee0b3205a5c5feae1ec0814d + +I also double checked the publish date on this one to be sure and it was published in 2005. You will have to change the date range if you use the steps i listed above as this is more than 15 years old. + +https://preview.redd.it/aamvelnj1a781.png?width=1484&format=png&auto=webp&s=fe393307a44eddf2b54a6af8de701fcead57d773 + +Finally here is an article from a German website in 2003 talking about an analyst named Marco Metlzer from Fitch on Mannheimer. [https://www.manager-magazin.de/unternehmen/karriere/a-252921.html](https://www.manager-magazin.de/unternehmen/karriere/a-252921.html) Google won't auto translate this page so if a German Ape wants to translate it in the comments that would be appreciated but it's not necessary as there should be more than enough evidence in this post to prove he isn't some random bot made by the hedge funds to get us hyped for no reason. + +[ ](https://preview.redd.it/7jayexbl1a781.png?width=790&format=png&auto=webp&s=492e52b1df4a3dc31b8b9fa09243c6c93a05e124) + +EDIT: People keep using his Christmas by MOASS response he made to a comment to say he is fake. They don't understand that when he said that it was before Evergrande had gotten downgraded. He said that he thought we would get MOASS before Christmas because he expected Evergrande to get a full default from missing the bond payments. A full default would render all of their bonds worthless as collateral which is what Shitadel is believed to be using to get loans to short us. If that happened they would get margin called and that would have started MOASS before Christmas. But Evergrande was able to get the downgrading agency to give them a selective default which means only those specific bonds they missed payments on are worthless. A selective default is a delaying tactic because they are trying to buy time claiming they will find the money to pay the other bond payments but as they miss more payments they will get fully defaulted and it will start. Here is a post on him mentioning the selective default last week and how they are trying to start it slow. + +https://preview.redd.it/6c7kn6a2ha781.png?width=502&format=png&auto=webp&s=692fb740f04a5d560505f94b6ef1625e27c7a1a8 + +Please share this to anyone trying to spread misinformation about Dr. Metzler. **Be careful** **of who you listen to!** These youtubers spread misinformation all the time either intentionally like this or unintentionally when they get excited or emotional and just have to talk about something before they have fully investigated it. This literally took me 5 minutes on my phone on Google to find so it's not like this would have been hard for someone else to do. STAY STRONG APES! HAVE A HAPPY HOLIDAY WEEKEND! UNITED WE GET RICH DIVIDED WE FALL! +Hello All, + +&#x200B; + +I am overwhelmed with the holiday season. I have to plan my daughters' birthday party, buy Christmas for 2 kids, pay down on debt, and save money back for a car. I had two different emergencies that wiped my savings account completely out so I am trying to figure out how to crawl out of debt. + +&#x200B; + +I have only $1,820 left in my savings account. I have a part-time job that pays $560 biweekly. I would appreciate any advice or suggestions for budgeting with this amount. Here is my current budget: + +&#x200B; + +Student loan payment- $100 (due on Nov.15th) + +Car insurance- $200 (due Nov.15th) + +Car loan payment- $184 (due Dec. 1st) + +"Loan shark" payment (an emergency loan)- $474 + +Daughters' birthday party- I am hoping to spend $120 or less + +Debt- I have four credit card late payments I need to pay off (altogether it would be $600 in late payments alone) + +Water bill- $300 + +Electric bill- $260 + +Heating bill- $40 + +Christmas- I am hoping to spend $200 or less on the kids. I may spend $100 on the adults in my life (friends, relatives, etc.) if I have anything left over from my overall budget. + +Groceries- This varies depending on local sales, but we average about $250 on groceries between each paycheck + +&#x200B; + +&#x200B; + +Thank you for reading, I know this is a lot. +I've noticed recently that the atmosphere here has changed drastically and while I normally lurk and enjoy reading what others have to say and post it's kind of becoming insufferable. I am by no means an early adopter like some vets here. I bought my first fraction of a coin in August. But with an influx of new subscribers and new crypto fans, the quality of content has been diminishing and so has the overall respect. I see a lot of sentiment posts based on absolutely nothing and a lot of people are being dicks about other people's investments. A couple times today I've seen comments like "wow, you only invested x amount?". C'mon. Leave that shit at the door. Not everyone can drop a smooth 100k. And definitely not everyone should. Vets- understand that people are excited about this and forgive the ignorance and sometimes starry-eyedness (?) of the noobs. Noobs- stop doing everything that we hate (strong word) the bitcoiners for. Respect the fact that there are users on here that have a much better understanding of what's going on tech-wise (I would not classify myself as that) and maybe don't type that asinine comment. I'm not trying to gate keep or bitch about the users here, we all got in for different reasons. Let's just keep the community as forward thinking and advanced as the tech we all know and love is. Anyways, just some thoughts I've had recently. Keep the memes spicy. +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 can't be the only one here told this can never work. That the hedgies, the banks, the DTCC and the FED are too powerful to take on. That nothing can change no matter how hard you try. That I am simply crazy. + +Well ignoring the fact that a defeatist mentality like that is how the powers that be try to keep control of the people , I don't actually have a rebuttal for the "you're crazy" part. And like I just said, it's actually why I believe MOASS will come to fruition. + +Now the next little bit is unrelated to GME but bear with me, it is in my opinion an interesting story. + +You see back in the early 1970s a man named Chung Ju Yung was told the exact same thing by all of his critics and many of his close circle. You're crazy, delusional, insane, out of touch etc. His dream? Creating a ship building company, with no experience (never worked a day in the shipbuilding industry), no shipyard, no capital and no purchase orders (obviously not) to speak of. Now I can't exactly blame his critics, this sounds fucking insane, and even knowing how the story went as I am typing this, I am shaking my head laughing. Anyways.... + +So what did the 'delusional' Chung set out to do? Well go to the bank to get a loan of course. He needs money. So off he went to the bank to get a loan for his 'business' plan. + +The conversation went something like this. + +Bank: "Good morning sir, how can we help you?" + +Chung: "Morning, I would like to get a business loan." + +Bank: "Yes of course. What kind of business?" + +Chung: "Shipbuilding." + +Bank: "Interesting, whereabouts is your shipyard located?" + +Chung: "I don't have one, it's why I am here, I need money to build one." + +Bank: "... okay... How much experience do you have working in the shipbuilding industry?" + +Chung: "None." + +Bank: "... Do you have any starting capital?" + +Chung: "Nope, it's why I am here." + +Bank: "So you have no shipyard, experience, capital and you want a loan? How do you expect to pay it back?" + +Chung: "Trust me bro, I got this." + +Now at this point you are probably thinking the bank shouted him out of the room and tried to check Chung into a mental ward. But actually, here is how the rest of the conversation went. + +Bank: "Okay you are clearly... ambitious. Well here's my last question. Do you have any purchase orders?" + +Chung: "Nope." + +Bank: "Well okay Mr. Chung, you're really delus- I mean interesting in a very special way, so I will tell you what. Get a purchase order and bring it to us and we just might lend you the money. We need to see if someone is willing to... pay for ships you have not yet built, in your non existent shipyard, with your complete lack of experience..." + +Chung: "I see that is a reasonable request. Okay I will bring you the PO. Thanks for your time." + +So the 'delusional' Chung was like okay I just need to find someone willing to give me a PO. No problem. So he set out and started asking around. And obviously had many doors slammed in his face. But then he met someone even MORE 'delusional'. His name was George Livanos. A major Greek shipping magnate, and believe it or not he got a purchase order from him for two 260,000 DWT crude oil tankers. + +So good ol' Chung went back to the bank and said, "Here's your PO." + +And the bank.. lent him the money. So Chung hired the people he needed and bought all the equipment and materials he needed and in March 1972, started to build the two ships AND the shipyard AT THE SAME TIME. Two years later, in 1974, a ceremony was held, to name not only the ships but the goddamn shipyard as well. + +Today that shipbuilding company is THE LARGEST in the world. What's it called you might ask? Hyundai Heavy Industries. Does the name sound familiar? Yeah that's right Hyundai Motor Company was also founded by Chung. + +Now imagine what would have happened if Chung listened to his critics... What if he 'realized' he was delusional and gave up? This is just one example of countless where success has found the 'delusional'. I guess the saying fortune favours the bold is more polite way of putting it? + +The fact is, I am 'delusional' enough to believe in MOASS. And judging by all the buying, holding DRSing and engagement in this community I know I am not alone. I mean, I don't want to live my life, just "being rational" and "playing by the rules". If by some chance I am wrong? So what? My life won't change. I have nothing to lose. Yeah lots of shills, the MSM, Wall Street and the government will say YOU ARE DELUSIONAL. So what? Since when did you care about me? Oh wait, maybe its because they have more to lose than I do? + +Nothing significant is ever gained by being 'rational'. You have to be fucking delusional. And yeah I can't wait until I can look back on my 'delusions' counting my post MOASS tendies. + +yada yada not financial advice. +Doing some numbers, it seems that there are always better avenues than buying a flat regardless of whether it’s for staying or investment, lump-sum or loan. + +1. Buying a flat on loan and renting for investment; looks like equity seems to be a much better option than this investment. Up-front investment for what would’ve been the down payment, and SIP for what would’ve been the EMI. +2. Buying a flat to live in, on loan: seems that renting the flat instead of buying, and investing in equity is better again, comparing overall yield when selling after 20 or 30 years and taking capital gains hit on the flat. +3. Inheriting a lump sum and buying a flat to stay in. Again, taking the capital gains hit up front and equity investment plus renting a flat seem to work out better over 30 or 40 years (although at around 20 years they look comparable) than buying a flat, living in it and selling it at the end. +4. Even buying a small house in another location, renting that out, and paying rent for a flat (even if the flat rent is 2x that of the rent the house fetched) seems to be a better investment, for a 30 or 40 year shelf life. +5. To pass on to kids. Even for this purpose, a house in another affordable location looks better because in the flat the building would’ve depreciated so much, and the UDS value would be comparatively peanuts. + +So overall.. never buy a flat? Buying equity or a house or land, and renting a flat if necessary to stay in, appear to be better investments? + +I guess numbers aside, that kinda makes sense for the long run. A 40 year old piece of land, no problem selling it. A 40 year old house, no problem. Equity (index funds), doesn’t really matter how old it is. But who wants to buy a 40 year old flat? + +EDIT: I should've included some assumptions I made to arrive at these general thoughts. + +* Inflation at 7.5, house appreciation at 10%, equity returns at 10%, flat appreciation at 9% +* Overall outlay at Rs.55 lakhs (50L flat, 5L extas, 40L loan, 15L EMI) +* Maintenance per year Rs.50K and property tax Rs.15K (adjust these numbers for inflation every year) +* Flat rent Rs.15K, house rent (outside city) Rs.7.5K per month +* Rent keeps up with inflation + +*(I know these are broad assumptions and reality won't necessarily be the same, but some kind of assumption is needed to arrive at general direction)* + +Also yes, this is more of the financial angle than emotional. Kinda like buying a car. When it makes more practical and less financial sense, I guess it becomes more of an expense than an investment. + +A couple of in-betweens maybe: + +* To the point about psychological "roof over head" feeling - my feeling is that if I go the "house in a smaller town, rent flat in city" route, there is always the psychological reassurance that we can go running back to our own house if needed. +* I agree with one compelling reason why many people buy flats: if they don't, they wouldn't invest! They would earn or save less (like one partner not working), which would defeat all this maths. +* Also another thought - I wonder how the value of **villas (row house type)** that seem to be getting popular, will hold up. I feel like in the long run they will be a "middle of the road" value between flats that depreciate, and houses that are impossible to get into for budget reasons. + +Thoughts? +What are the things you want in your life that make you pursue a life in excess, beyond just basic financial independence? + +—————————————— + +For me my incentives were: + +A high quality and luxurious home in a good and safe neighborhood with all the amenities I want. + +Another home close to my family where I can stay for extended periods of time. + +A vacation home on the water. + +The freedom to go anywhere and pursue all the activities I want. + +Purchase exotic cars. + +Safe car for family. + +Give generous gifts to my family to show my appreciation for them. + +Help my parents when they grow old. + +Take care of my health and eat organic. + +Pursue various hobbies that require a bit of money. + +Comfortable and luxurious vacations and business class flights. + +Purchase art and beautiful unique items. + +Help people in a way that I control. + +Just the sense that I don’t have to worry about running out of money. + +—————————————————————————— + +Things that money can buy that don’t interest me: + +Fancy designer clothes, watches, shoes etc. + +Private planes. + +Oversized mansions that only exist to show off wealth. + +Huge yachts/floating homes. + +Expensive/fine dining. + +Extravagant parties/entertaining. I’m an introvert. + +Country club memberships. + +Other exclusive memberships/communities. + +Private schools for kids. + +——————————————————————————— + +I have reached a level where I have the means to do everything in my list, and while I feel thankful, I am also curious if perhaps I could be inspired by some of the things on your lists. +Like seriously, those top shitposts, memes getting 5+awards are pissing me off. We are at war right now!! Fuck those Wall Street jackass who’s been calling us dimwits, we are about to teach them a lesson and make a name of ourselves. But you guys are here wasting money on stupid Reddit awards. I’ve been skipping my 20$ Wendy’s chicken dinner combo for three months now and buying GME every time it dips below 20$. All of you should be doing the same, everyone jack to the fucking tits! + +Position: GME 🚀🚀🚀🚀 + +Edit: ARE YOU GUYS FUCKING FOR REAL!!!??? + +Edit2: I guess we just inverse everything around here... + +Edit3: WHAT THE ACTUAL LIVING FUCK. Fuck it. Tell Cuck Sherman we will hostile take over GME using Reddit awards with lord Cohen. Let’s squeeze those motherfuckers back to their mom’s basement. 🚀🚀🚀 +I think it’s just because I had an automatic payment every week for a year, it was extremely stressful. Now I have a habit of checking my bank account 3 times a day just making sure nothing put me in the negative. I haven’t had any automatic payments set up for 6 months but it’s still a habit. To be honest I want a new bank account that isn’t linked to anything so I don’t have to worry. +I’ll be renting a “fat” private island villa experience in the $30000+ range for a week and it’s my first time trying this sort of all-inclusive (staff, private chef, boat, helicopter, etc.) travel. The website is clear that the pricing does not include gratuity so now I’m wondering about how to do it appropriately. Do I tip the various individuals or do I try to merge gratuity and have them split it? How much should I aim for? + +The villa is in Central America. I assume US tipping culture doesn’t strictly apply there but if most of their guests are from the US and tip accordingly I don’t want to come off as cheap. +As everyone knows, the amount of streaming services out there means that many people are paying $100+/month for multiple services, which is kind of insane. My wife and I had Netflix, Prime, Hulu, HBO, Apple, and Peacock. However, we realized that we’d typically just watch one or two series, maybe a movie here and there each month, and certainly weren’t using all 6 at once. + +So instead, we cancelled all of them (except Prime, since we use the delivery like most people) and instead decided to keep each service for 2-3 months at a time. We’d watch everything we wanted to see, then cancel it and start on catching up on what was on the other services. Kind of a have your cake and eat it too situation, since it’s saved us $80/month but we haven’t felt like we’ve missed out on anything. +Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. + +Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to move ahead with a take-private deal, Musk said he was terminating his acquisition, and accused Twitter of presenting false numbers, including in its SEC filings, pertaining to the amount of monetizable daily active users, and the number of spam and bot accounts on the social network. + +Twitter then sued Musk in a Delaware chancery court to ensure the deal would go through as promised, and Musk filed counterclaims and a countersuit there on July 29. + +In a series of tweets that Musk began posting just before 1 a.m. on Saturday, Aug. 6, Musk interacted with a fan who had summarized his accusations about Twitter including that it was stonewalling him and giving him, “outdated data,” and “a fake data set” when he asked the company for details about how it tabulates mDAU, and estimates for spam and bot accounts. + +The Tesla and SpaceX CEO wrote, “Good summary of the problem. If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms. However, if it turns out that their SEC filings are materially false, then it should not.” + +By just after 9 a.m. Saturday morning, Musk started a Twitter poll asking his followers to vote on whether ”\[l\]ess than 5% of Twitter daily users are fake/spam.” Respondents to the informal poll could choose one of Musk’s provided answers which read either “Yes” followed by three robot emoji, or “Lmaooo no.” (The slang abbreviation “lmao” stands for “laughing my a-- off.) + +Musk also wrote Saturday morning: “I hereby challenge u/paraga to a public debate about the Twitter bot percentage. Let him prove to the public that Twitter has <5% fake or spam daily users!” + +https://preview.redd.it/0pc4fltiuhg91.jpg?width=1202&format=pjpg&auto=webp&s=f27f0b0cb950e14fdfd81530c90462f833e009b0 + +A source close to the company says a debate is not going to happen outside of a pending trial. + +Attorneys for Musk did not respond to requests to comment on Saturday, and an attorney for Twitter declined to comment on Musk’s Saturday tweets. + +Twitter’s attorneys have argued in court filings that Musk gave the company just twenty-four hours to accept his offer before he would present it directly to Twitter shareholders, and waived due diligence including a chance to seek more information on false or spam accounts. + +They wrote in court filings, “Musk’s repeated mischaracterizations of the merger agreement cannot change its plain words.” + +At an annual shareholder meeting for Tesla on Aug. 4, Musk was asked to speak about Twitter during a question-and-answer session that followed a proxy vote. + +He said, drawing laughter from the audience in attendance, “I obviously have to be a little careful what I say about Twitter because there’s this lawsuit and stuff.” He confirmed that the only two publicly traded securities he owns are Tesla and Twitter. + +And then he spoke as if he still wants to become the owner of the social networking company, a stark contrast to arguments made by Musk via his attorneys in legal filings in Delaware in which Musk argues he should not have to go through with the deal. + +At the Tesla 2022 shareholders’ meeting, Musk said: “I think in the case of Twitter since I use it a lot, shoot myself in the foot a lot, you know, dig my grave, etc. I think it’s — I do understand the product quite well, so I think I’ve got a good sense of where to point the engineering team at Twitter to make it radically better.” + +He added that Twitter would “help accelerate” a “pretty grand vision” he had to build a business he’d been thinking about since his earliest years as a tech entrepreneur, [X.com](https://X.com) or X Corporation. + +“Obviously that could be started from scratch,” he said, “but I think Twitter would help accelerate that by three to five years. So it’s kind of like something I’ve thought would be quite useful for a long time. I know what to do. Don’t have to have Twitter for that but, like I said, it’s probably at least a three-year accelerant and I think it’s something that will be very useful to the world.” + +Musk didn’t go into any further details at that meeting. However, he reportedly said during a town hall meeting with Twitter employees in June this year that he wanted to grow Twitter’s user base to a billion people and saw Twitter as a platform that could evolve into an app like China’s WeChat, a “super app,” that incorporates everything from messaging, video and social media, to mobile and point-of-sales payments, with a robust app ecosystem. + +Unless they reach a settlement first, Twitter and Musk are headed for a five-day trial in Delaware that starts on Oct. 17. The judge ruling on the case is Chancellor Kathaleen St. J. McCormick. + +Source: [https://www.cnbc.com/2022/08/06/elon-musk-challenges-twitter-ceo-parag-agrawal-to-a-debate-on-bots.html](https://www.cnbc.com/2022/08/06/elon-musk-challenges-twitter-ceo-parag-agrawal-to-a-debate-on-bots.html) + +Elon Musk has challenged Twitter’s CEO Parag Agrawal to a public debate about the percentage of bots on Twitter. Musk is confident that Agrawal can't prove that less than 5% of TWTR accounts are fake or spam. + +Twitter and Musk are headed for a five-day trial that will start on Oct. 17. In whose favor do you think the court suit will be ruled? + +Elon Musk or Twitter? +Maybe it is just me but I totally trust exchanges to take care of my crypto. Of course I am speaking of popular and trustworthy exchanges. Leaving your crypto on an exchange nobody has ever heard of is of course a dumb idea. + +But do you want to tell me that your crypto is not safe on Coinbase, Kraken, Gemini, Crypto.com or Voyager? It is 2021 and not 2014 and these exchanges can not be compared to Mt Gox. + +Also sometimes people get the whole "not your keys, not your crypto" thing too seriously. I have seen people here complainig that they lost a big amount of their ETH to move it to a cold wallet. Well, high gas fees are another topic but you definitely shouldn't move your crypto to a wallet if you have to lose like 1/4 of it to do that. If you just have 0.05 ETH or similar then just leave it on the exchange. Nothing will happen to it. + +Not to mention that if you are new in crypto then it is more likely for you to lose your piece of paper with your seed phrase than an exchange like Kraken or Coinbase to get hacked. If you ever accumulate a bigger amount of crypto then you could think about buying a cold wallet! + +PS I originally [posted this](https://www.reddit.com/r/CryptoCurrency/comments/phepj2/no_leaving_your_crypto_on_an_exchange_is_not_the/) on friday but it got deleted for mentioning ETH in the title because there were already many posts about ETH. But my post was doing very well and most people seemed to agree so I decided to change the title and repost it today! +37M, HCOL city, have gotten lucky to have made a decent chunk of change by joining an early stage SaaS startup, but not quite fuck you money yet. + +I have 2.5M invested in a diversified portfolio, and another ~4M in crypto (at today’s prices). If I were to sell today, after taxes I’d be looking at ~5M in liquid total net worth, which would leave me well short of my 7M FatFire goal. I am confident in the future of crypto, so my plan is to gradually sell into the next 1-2 bull runs, and keep half of it for the long term. This means that within the next 3 years I expect my NW range to end up being somewhere between 3M-7M. + +Here’s my “predicament”: I make just over 1M/year in all in comp (salary + equity) at that same company. This translates to ~500K/yr after taxes. But it’s not an easy job, and I’ve been there 7 years now and just don’t have the same drive as I did in the beginning. I’m not learning as much anymore, and there’s a big world out there that I’d like to play in (other areas of tech, real estate, startup investing, and just taking time to do things I enjoy, etc.). On the other hand, the money is substantial and feels crazy to walk away from, particularly since I’m still well short of my 7M target. + +Should I stay or should I go? Am I wasting away precious years by staying in the rat race just to stack some more chips? + +Appreciate the generous advice of this channel. +https://www.bloomberg.com/news/articles/2017-10-10/kobe-steel-untraded-amid-deluge-of-sell-orders-on-data-scandal + +> Toyota said it has found Kobe Steel materials, for which the supplier falsified data, in hoods, doors and peripheral areas. “We are rapidly working to identify which vehicle models might be subject to this situation and what components were used,” Toyota spokesman Takashi Ogawa said. + +> Subaru has produced training planes for Japan Self-Defense Forces and wings for Boeing jets such as the Boeing Dreamliner, according to a spokesman, who added the company was checking which planes and parts used affected aluminum. + +> Honda said it used falsified material from Kobe Steel in car doors and hoods while Mazda Motor Corp. confirmed it uses aluminum from the company. Suzuki Motor Corp. and Mitsubishi Motors Corp. all said they are checking whether their vehicles are affected. + +Prepare for the mother-of-all product recalls. + +Exploding airbags? Hazardous but replaceable. + +Compromised steel frame, doors and/or other components for the car because the supplier lied about the quality of the metal? Dealerships and other authorized auto shops are going to be a lot busier, assuming the cars don't get scrapped. Aircraft? Likely an even messier situation (compromised wings = airline safety regulators triggered). + +EDIT: This was at the bottom of the article: + +> Shinko Wire Co., a Kobe Steel affiliate, in June 2016 said a unit had misstated data on tensile strength of stainless steel wires for springs and that it had supplied customers with alloy that failed to meet Japanese industrial standards. + +> Toyo Tire & Rubber Co. officials were referred to prosecutors in March following the company’s 2015 admission that it had falsified data on rubber for earthquake-proofing buildings. + +I’ve got the following 2 funds: + +SL Vanguard Emerging Markets Stock Index Pension Fund http://factsheets.financialexpress.net/SLEFL/0I1E_BFAD.pdf + +SL HSBC Islamic Global Equity Index Pension Fund http://factsheets.financialexpress.net/SLEFL/VY59_JB.pdf + +I’m trying to work out if I’ve missed off any major regions or industries. I know Europe is missing but anything else too (either regions/countries or industries)? + +I’ve got a very high tolerance to risk since I’m young. +Serious question. I don't mean bond ETFs or CFD trading in bonds, I mean cold hard bonds. Is it the high price? The low returns and you prefer more risk for higher gains? Lack of knowledge on the subject? Lack of UK bond brokers? + +Just curious as I seldom see them mentioned +⚡️This presale will be 7 Digits and is gearing up to be the largest of the year! This isn't your average dog/cat coin, this one is a future multi-billion project. What if you could invest in PancakeSwap when it first launched? $100 would be would $100k right now...sounds like a dream for most of us and such chances occur once in a lifetime if you are lucky!🤑 + +⚡️**Whitelist Registration Now OPEN! There are a total of 4000 spots.** + +If you are selected, the minimum amount to purchase will be $250 and the maximum $500 per wallet. The amount they are expected to collect is HUGE - Minimum: $1,000,000 Max: $2,000,000 + +Price for whitelist and launch is going to be $0.0006 + +This is a great way to keep things fair for everyone and to prevent dumps on launch! + +⚡️It is cool that they are also offering rewards for referrals. You will automatically get an additional ‘ticket’ for the whitelist when someone registers for the whitelist via your referral link. The major rewards are as follows (there are more on the website): + +🥇1st Place: $15,000 + +🥈2nd Place: $10,000 + +🥉3rd Place: $6,000 + +🎖4th Place: $4,000 + +🏅5th Place: $3,000 + +⚡️This will be a REVOLUTIONARY collaboration to build a cross-chain ecosystem that will bridge two chains together: BINANCE AND MATIC + +100xCoin, BSC Army and Launchzone have joined forces to work together and build a swap platform on Matic chain. CremePie Swap is going to be one of the FIRST & TRUSTED AMM and DEX on the MATIC (Polygon) Network. MATIC (Polygon) is a network much like the Binance Smart Chain that offers lower fees than Ethereum or other networks.CremePieSwap takes advantage of these lower fees and combines them with low decentralized exchange fees so users are always working on the lowest cost exchange. + +⚡️The leading dev team already has multiple successful projects to their name like 100xCoin and BSC Army, along with LaunchZone + +They definitely have what it takes to lead a project of this magnitude AND THEY ARE DOXXED✅ + +**⚡️Tokenomics** + +Every transaction will be charged a 6% “tax” whenever someone sells their CPIE to prevent the collapse of token price when whales decide to sell. This 6% tax is divided into portions: + +🔥2% will be used to add liquidity for CPIE + +��2% will be distributed to staked $CPIE on Launchzone’s PoolX + +🔥1% will be burned + +🔥1% will be given to the development and marketing wallet + +&#x200B; + +**CremePie Swap might just be the best investment of the year!!!** + +**July 12th:** + +\- Private Whitelist Launch + +\- Full Public Whitelist IDO Launch + +\- Official Launch Date (DEX, Token, Listing) + +**Telegram**: [https://t.me/cremepieswapofficial](https://t.me/cremepieswapofficial) + +**💻 Website:** [https://cremepieswap.finance](https://cremepieswap.finance) ([https://cremepieswap.finance/](https://cremepieswap.finance/)) +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 🌊 +According to Chipotle, the event will be used to thank employees for their hard work in learning new food safety protocols and explain the steps the company is taking to improve food safety. +For myself \[a while back\] - it was buying myself a new pullup bar thinking yeah i will definitely use this alllllllllllllllllll the time - jokes it's still in the box... + +https://www.abc.net.au/news/2021-11-16/as-migration-restarts-does-it-hold-down-wages-for-everyone-/100620538 + +"We've seen the experiment of that in COVID, and in shutting down of our borders, and what impact that has on the labour market, which has been quite negligible." + +Who are they trying to fool? The labour market has been hugely affected by a lack of cheap temporary workers and it has driven up wages for the first time in many years... +**Mon., March 8, 2021, 6:00 a.m.** + +CALGARY, AB, March 8, 2021 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at Unit 1245 - 1230 11 Ave. SW, in Calgary's Beltline neighbourhood, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 74th branded retail location across Canada selling recreational cannabis products and consumption accessories. + +"While we aggressively pursue opportunities to expand the reach of our ancillary businesses in the United States and Europe, we also remain committed to growing our Canadian retail footprint," said Raj Grover, President and Chief Executive Officer of High Tide. "As we continue to grow our presence in emerging markets, we intend to keep building on our Canadian momentum which is powered by our differentiated one-stop shop model that allows consumers to purchase all of their cannabis and accessory needs under one roof," added Mr. Grover. + +The new Beltline store, which is located within walking distance of Calgary's Millenium Park, is part of the Company's strategic plan to drive organic growth within Canada while pursuing acquisition opportunities in Canada, the United States, and Europe, that can be immediately accretive to shareholders. +Way too many posts on these subs about taxes. For the love of god, hire a professional. Don’t crowd source your tax info on Reddit. + +If you’re making money trading, spending a few hundred on an acct shouldn’t be that big of a deal. You can get a top notch person for $1,500. Again, not that much if you are making money. If you’re losing money, you don’t need to worry about how much you owe. Either way spare us these posts. +Way too many posts on these subs about taxes. For the love of god, hire a professional. Don’t crowd source your tax info on Reddit. + +If you’re making money trading, spending a few hundred on an acct shouldn’t be that big of a deal. You can get a top notch person for $1,500. Again, not that much if you are making money. If you’re losing money, you don’t need to worry about how much you owe. Either way spare us these posts. +I'm a recently turned 18 year old that got into investing. I have been doing a lot research in the ARK ETF's and I couldn't choose which ones out of the five would be the best for my situation. I'm looking for an ETF/ETF's with big potential for the long term (retirement). Ive heard that throughout the five ETF's there is a lot of overlap with many stocks. Any suggestions would be appreciated. +2 weeks ago we all stood by anxiously in anticipation of robinhood opening the flood gates on the massive queue of 1.5 million people waiting to buy Eth or Btc... + +In a gravity defying move, the masses locked behind the floodgates are apparently held back by nothing but air or some other invisible force. What is this magic? How can millions of people be anxiously waiting for buy and for the price to just remain flat. + +Which exchange is Robinhood using to process buys? does anybody know? + +WTF!?!??!?! + +Don't know what flair to put for this post... so labeling opinion. This actually happened and this situation needs to have a giant ass spotlight pointed on it FOREVER until action is taking against Ken Griffin for lying under oath! + +**Does anyone remember when Ken Griffin lied under oath about this?** + +Go pull up the first Gamestop hearing on youtube and fast forward to 3:09:00 and starting watching from there for a min or two. Mr. Giffin was asked if anyone at Citadel had direct contact with anyone at Robinhood regarding the Gamestop situation after Jan 1st, 2021. Mr. Giffin responded with **"ABSOLUTELY NOT" - Ken Griffin**. + +We cannot let this slide! This needs to be posted everywhere so the world can know what kind of lengths these criminals will go to, to STEAL your money! + +edit 1: I made it easier for you apes... here is the link already set to 3:09:00. You're welcome you filthy apes! lol + +[https://youtu.be/VL-0uXJBzbo?t=11340](https://youtu.be/VL-0uXJBzbo?t=11340) + +make sure you read the last quote by Jim Swartwout in the pic below... **"Everyone is, you wouldn't believe the convo we just had with the citadel. Total mess" - Jim Swartwout.** + +https://preview.redd.it/wrmkd100jbp71.png?width=640&format=png&auto=webp&s=a77edfe0189ccf909db074ab516ac4b94a7115e5 + +It seems that multiple conversations took place between multiple companies during the month of Jan. 2021. I will never let people forget what Ken said during the first hearing of the GameStop saga. We need to make sure everyone understands that Mr. Griffin lied under oath! Hope you enjoy your stay in prison, Mr. Griffin. + +https://preview.redd.it/eqfjuukrjbp71.png?width=969&format=png&auto=webp&s=0da66ff9239eee262ecebe81ba02eb2488204404 +I see a lot of dividend investors recommend Apple and Microsoft for the sake of future dividend growth. + +&#x200B; + +Currently Apple pays a 0.70% dividend yield at the share price of $127. + +And Microsoft pays a 0.91% dividend yield at the share price of $247. + +&#x200B; + +For Apple that's a \~27% dividend payout ratio based on the trailing 12 months. + +And for Microsoft that's a \~39% dividend payout ratio based on the trailing 12 months. + +&#x200B; + +Apple has been increasing their dividends consecutively for 8 years now. + +and Microsoft has been increasing their dividend consecutively for 11 years now. + +&#x200B; + +Correct me if i'm wrong but, if i'm not misunderstanding this then if you buy shares now at the current share price and with the current yield, and they both continue to increase their dividends then doesn't that mean that your ''personal'' dividend yield will be a lot higher then 0.70% or 0.91%? + +&#x200B; + +I mean that the price you paid for it per share ($127 and $247) will likely be a lot lower then the price other investors will have to pay for it in the future but you still get the same dividend per share. + +I think this is called ''Yield On Cost'' but i'm not sure. + +And if this is true then doesn't it mean that long-term (like 20+ years in the future) it's probably better to buy stocks that have a low yield now but are continuously increasing their dividends and have a lot of room for that dividend to grow? + +&#x200B; + +If the question above is true then, the point i'm trying to get to is why Apple and Microsoft in particular? + +&#x200B; + +EDIT: thanks everyone for the answers, i read through all of them. I'm gonna go do some calculations and see where these 2 fit in my portfolio. I appreciate this sub. +https://www.cnbc.com/2020/12/08/tesla-to-raise-up-to-5-billion-in-share-offering.html + +Tesla unveiled a $5 billion capital raise, its second such move in three months. + +The additional shares will be sold “from time to time” and “at-the-market” prices, Tesla said in a filing with the Securities and Exchange Commission. + +Tesla’s market cap is currently at $598 billion, meaning the new offering represents less than 1% of the company’s value. + +Investors will buy this dip. People will just keep buying tesla stock due to the fomo and meme. It is a solid stock it is better to hold through the volatility. + +Thanks for the awards. +Hello you money making savages! + +I hope everyone is doing well in these volatile times. I wanted to see if there are any current or past employed algotraders on here that could shine some light on what an average day looks like? Any reposes to the below would be super interesting & appreciated :) + +\- What data do you generate/work with? Price, news, earnings, social data, search data? + +\- What languages and libraries do you use? Python, matplotlib, pandas, numpy, scikit-learn? + +\- What are the steps in data processing? Aggregating price data across stocks? Pre-processsing text based data for topic modeling? + +\- What are the outputs you deliver? Back tested trading algorithm? Analysis of potential investments based on research? + +\- Typical meetings, timelines, deadlines? + +Thank you and all the best, + +&#x200B; + +N +The UK Investor Visa requires an investment of at least £2,000,000 in either British corporate bonds, share capital or loan capital in active and trading UK-registered companies. What do people who invest that kind of money, invest in, considering the UK stock market gives lower returns than India? +Edit1: This has gotten more traction than I anticipated. Thanks for all the awards, I do this for the sub so that everybody can stay in line and not get carried away. I plan on doing an occasional "DD POLICE" Episode going forward, where I'll recap and face fuck any dd I can prove wrong or support ones I can further verify. Feel free to inbox me things you're sus about or want confirmed. + +&#x200B; + +Edit 2: In light of some people sending my some more info, I will be doing some more research on this post & updating it accordingly in the case I find any of this is misleading or incorrect. Thanks for holding my accountable as well! We need this! + +&#x200B; + +Edit 3: Updates Part 3 to include 3.1 which is the counter-counter DD. We all need to be held accountable, including myself. Big thank you to u/SmithEchoes ! Always do your own dd guys. + +&#x200B; + +Edit 4: $RY Opened at $94.61 as predicted today (4/19). Take off your tinfoil hats + +&#x200B; + +&#x200B; + +Sup you stupid cucks + +&#x200B; + +[It's TIME TO STOP with misinformation & date expectations](https://preview.redd.it/x8n3l0b2pyt61.png?width=1920&format=png&auto=webp&s=96c4773149cb216db53f699a6f7e37f833c11fce) + +Yet again I've been summoned from my shitty fucking sleep schedule to save you from some more misinfo. + +&#x200B; + +# PART 1 - TLDR SINCE IT'S LATE AND YALL NEED SLEEP + +Going to make this very fucking clear for those in the back or that are too lazy to do their own DD (which must be a lot of people considering this shit keeps happening) + +1. **RBC (Royal Bank of Canada) DOES NOT HAVE CLEAR TIES TO CITADEL** +2. **RBC IS NOT SUDDENLY WORTH 66% LESS** + +&#x200B; + +# PART 2 - THE VIDEO CIRCULATING GME/SS SUBS + +*This crock of shit:* [$AMC $GME RBC -64% WHAT ARE THEY HIDING? - YouTube](https://www.youtube.com/watch?v=smZmQrTP9kI&ab_channel=CharlieandtheVids) is particularly disheartening, because the creator (who I'm sure has good intentions) blatantly misinforms the audience. Yes, RBC stock did **TRADE** momentarily at $33.75, but then immediately was traded at it's regular price of \~$94.71 + +&#x200B; + +[At roughly 1800 EDT we say $RY trade 896 shares @ $33.75 \(total value: \~$30k\)](https://preview.redd.it/q81oa7g5pyt61.png?width=660&format=png&auto=webp&s=1823830e886c4280f0e5bfe34971accc0cc67c49) + +"The Royal Bank of Canada has direct ties with Citadel, this is very easily verified, you can look it up yourself."^((0:40 in video)) + +Well, **I did.** The (2nd) LARGEST institutional owner of RBC is JP Morgan @ LESS THAN 0.335%. The first? ~~Citadel~~ The Canada Pension Plan Investment Board @ 0.46% + +[RY Institutional Owners and 13F Filers (Royal Bank of Canada) ](https://www.marketbeat.com/stocks/NYSE/RY/institutional-ownership/) + +[Citadel Advisors Llc ownership in RY / Royal Bank of Canada - 13F, 13D, 13G Filings - Fintel.io](https://fintel.io/so/us/ry/citadel-advisors-llc) + +It is strange that MarketWatch halts information of RY after hours at 1708, however you can even look at the NASDAQ website which shows you ALL after hours trades, and see that after hours had around \~170k volume, all of which were traded at \~94$ with the exception of **ONLY 896 shares TRADED AT 33.75** [(RY) Latest After Hours Trades | Nasdaq](https://www.nasdaq.com/market-activity/stocks/ry/after-hours-trades) + +***Only 0.5% of after hours 4/16 $RY volume was traded at $33.75 instead of \~$94*** + +Oh, btw, in the comments the poster referred to this article as evidence of Citadel having connections to RBC: [Hedge Funds Have Never Been This Bullish On Royal Bank of Canada (RY) - Insider Monkey](https://www.insidermonkey.com/blog/hedge-funds-have-never-been-this-bullish-on-royal-bank-of-canada-ry-819314/) + +"Among these funds, [**Citadel Investment Group**](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/) held the most valuable stake in Royal Bank of Canada (NYSE:RY), which was worth $83.8 million at the end of the third quarter. " ^(Quote from article) + +1. This is from March 2020, the market has changed VASTLY since then +2. As of 2/19/2021, JPMorgan Chase & Co. own $391M in shares of RY (nearly 20x that of Citadel now) +3. Citadels position is down 47.77% from what it was in 2020. They currently have 284,484 shares @ a value of \~$23M (0.04% of RBC) + +&#x200B; + +[chill the fuck out](https://preview.redd.it/jq7gi978pyt61.png?width=1275&format=png&auto=webp&s=93933c0e1fcf0932dfc48d4bdad48a1df3028d7c) + +&#x200B; + +[disclaimer: he \(probably?\) didn't say this](https://preview.redd.it/jsvxrpn9pyt61.png?width=1280&format=png&auto=webp&s=51d42d56d8ed975a0c92fe66c7d1b0158fb039b5) + +&#x200B; + +# PART 3 - WHY DID 896 $RY SHARES TRADE AT $33.75 THEN? + +IF ONLY WE HAD SOME KIND OF RELIABLE DOCUMENT, THAT WAS PUBLIC, AND GIVEN TO US WEEKS IN ADV- [Royal Bank Of Canada Prospectus 424B2 (sec.report)](https://sec.report/Document/0001140361-21-011078/) ^(oh wow, you smooth brain motherfuckers) + +"Trigger Price and Coupon , Barrier: ***$33.75***, which is 60% of the Initial Stock Price." ^(Taken from link) + +*Q: So what the fuck am I looking at?:* **A: " Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes (the “Notes”) linked to the common stock (the “Reference Stock”) of Toll Brothers, Inc. (the “Reference Stock Issuer”). The Notes are our senior unsecured obligations, will pay a quarterly Contingent Coupon at the rate and under the circumstances specified below, and will have the terms described in the documents described above, as supplemented or modified by this pricing supplement. "** + +*Pls wrinkle boy, smooth brain much. Need simp answer.* + +Basically, RBC is just doing business as usual. Everyone is on the egde of their seat with **4 major banks selling off $47 BILLION in assets** ^((BofA: $15B, JPM: $13B, GS: 10.5B, MS: 8.5B)) so this is getting way more traction than it normally would. Everyone is digging very fucking deep & hard to find connections that aren't there in order to scream Armageddon & watch the universe fucking implode on Monday. RBC will open @ \~$94 Monday as per usual, and if it doesn't, well, this post is far from the first thing you need to start worrying about. + +**WHAT IS WIERD** is that Citadel just closed out \~30k in options on Toll Brothers Inc. early. hmmm + +# PART 3.1 - THE COUNTER-COUNTER DD + +Check out this comment from u/SmithEchoes: + +"So.. if the trade date was March 29, 2021, next coupon barrier date not until the next quarter, and a call date no earlier then September 29, 2021, how exactly is the trigger price of 33.75 activated on April 16, 2021? + +The problem here is this is a 424B2 filing, which is a newly opened prospectus filing. Since it is newly opened, it can’t for the above mentioned reasons be the cause of the 33.75 AH price. Next we have initial stock price, which is for Toll Brothers, Inc (TOL), which on 3/29/21 (trade date) ranged from 55.96 to 59.52. 56.25 lines up pretty well with the VWAP ending normal trading hours, and maintains a conservative price in the benefit to the bank. + +So in real conclusions to the conclusions here, a random “Auto-Callable Contingent Coupon Barrier Notes” form 242B2 with a trigger price of 33.75 for TOL stock does not relate to a random after hours RY stock price." + +**I, like most of you, are also learning most of all this financial jumbo over the past few months. So, lets do our own DD again. Time to dive deeper into Auto-Callable Notes & Prospectus Filings.** + +&#x200B; + +[TLCR: Prospectus Filings are just a financial document to disclose or describe trades.](https://preview.redd.it/91k4caiysyt61.png?width=483&format=png&auto=webp&s=ed696ce9a98d4b99eff0333cf74ed738e696ccc3) + +&#x200B; + +[Taken from the RBC Prospectus Filing](https://preview.redd.it/rgg92ts6vyt61.png?width=698&format=png&auto=webp&s=8ea608c7becd330eef9e38a0c2eeede7615b7104) + +&#x200B; + +[qwik mafs](https://preview.redd.it/qbbmes8ruyt61.png?width=653&format=png&auto=webp&s=cdf9137939bbbcc1fd8b08055f46e3713b9206bd) + +Okay. So the numbers line up with my 3.0 explanation for apes. But what about Callable Fixed Rate Notes? Well, here's an explanation from RBC themselves: [Callable Fixed Rate Notes](https://www.rbccm.com/assets/rbccm/docs/expertise/fixed-income/us/rbc-callable-fixed-rate-notes-fact-sheet.pdf) (TLCR: They are call options) + +*Q: What do we know about call options?* " **A: For most profitable covered call positions, it is best to let them ride until expiration.** (in this case that would be until AT LEAST September 2021. However, There is nothing in the RBC Prospectus filing that states they can not be closed our PRIOR to that. Which is what Citadel did) **But in certain circumstances it may make sense to close out the trades early to manage risk or free up capital for new opportunities. Always pay attention to transaction costs, and use a limit order when closing out your option contracts. "** + +Wait. A. Mother. Fucking. Second. + +***"...it may make sense to close out the trades early to manage risk or free up capital for new opportunities..."*** + +Well, I think we just stumbled upon something that was in front of our eyes the whole time. + +***Citadel is likely closing out as many positions as it can in order to liquify assets so it has more cash in hand.*** + +And if they're willing to liquify a meager \~30k in options, it looks like MAY BE\* liquifying basically fucking everything they have that isn't critical to their operations. (MY OPINION, PURE SPECULATION) + +&#x200B; + +Part 3.1 TLDR: 3.0 Still stands, also Shitadel looks like it's 300% fuk + +&#x200B; + +# PART 4 - CONCLUSION + +Something big is happening, but RBC is fine as far as we can tell with the information on hand. + +Expect another post from me within a few days tackling another bullshit lazy dd. + +**This kind of misinformation is FUD** **AND NEEDS TO BE DESTROYED**, as explained in another post I made here: [Blackrock & 4D Chess](https://www.reddit.com/r/Superstonk/comments/msez57/blackrock_4d_chess/) + +*Q: Why is it FUD?* **A: Because people start rallying behind the idea that monday we're going to see big banks like RBC start to crumble and trigger the MOASS etc etc.** Inevitably this does not happen and people are let down. Guess what? The MOASS will fucking happen when it happens. + +&#x200B; + +[Sit back, relax. You waited xx years for this moment you can wait a few more days\/weeks\/months. Stop setting expectations for this Monday, or 4\/20 or ANY day. The longer this goes on the more shorts CuckFunds put out there and the harder we blow the fucking ozone into oblivion on our way to 🌙](https://preview.redd.it/be7ys9ibpyt61.png?width=1920&format=png&auto=webp&s=b07ba514283e279bb2fc1ccd2c23e05687ccf597) + +&#x200B; + +Have a great Sunday! -Rugby + +🐵🍌💎🙌🚀🌙 + +\----------------------------------------- + +DATES=FUD [Blackrock & 4D Chess](https://www.reddit.com/r/Superstonk/comments/msez57/blackrock_4d_chess/) + +DD POLICE ep.1 [SEC Rule 15c3-3](https://www.reddit.com/r/Superstonk/comments/mtl77t/dd_police_ep_1_sec_rule_15c33/) +I haven't traded the wheel since few months ago, I'm going to allocate some capital for it in the next few weeks, here's my small list of stocks under 100$ for now: + +- AMD +- UBER +- TWTR + +Please share your favourite stocks and maybe some stocks to avoid? + +Together, we earn better 💪 🐢 🚀 +Is anyone else getting absolutely reamed by their rental agencies when it comes to renewing their lease? We have been in this house for nearly 2 years now with the regular $10/week increase each time we have renewed, but this time they have decided that a $60/week increase was in order because of the market. + +They know there are no other options for us as there are no available houses in our area that are comparable to the one we are in. We complainer about it to them and they said the market is pushing the price and we are welcome to move out as they will have someone willing to pay up to $100/week more and the owners where doing us a "favour" by only raising it by $60. + +I can't understand how/why, yet again, us renters are getting fucked over. + +We are "lucky" we have bought land and are building a house but that's a whole other problem with timeframes being pushed and having to pay mortgage payments plus rent for am extra 12months ontop of the 12months we already have been doing so. The budget is starting to get very very tight with the cost of food, petrol and housing going up in leaps and bounds with no movement in wages. + +How is everyone else managing all these changes? + +edit- renting a 4 bedroom house in qld +Alright. So my last post kind of blew up, and I'm glad it got the conversation started about the earnings reports coming out this week from the banks. Got some requests to follow it up with a run-down of other earnings. Might not be able to do them all in timely fashion, but I'll do my best. + +This is my run-down on the portion of Investment Banking and Global Markets portion of Goldman Sachs earnings report. I've seen some people get this confused with their overall performance. This is not indicative of other earnings in the earnings report and just an overview of the net revenue for the investment banking portion of the banks earnings. I hope this clears the air for some that may have been confused by my last post. + +EDIT: Link to my post on JP Morgan Chase Investment Bank: [(52) JP Morgan &amp;amp;amp; Why todays earnings release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojrn47/jp_morgan_why_todays_earnings_release_was_good/) + +Edit2: Link to post on Bank Of America: https://www.reddit.com/r/Superstonk/comments/okjs13/bank_of_america_why_todays_earning_release_was/ + +**TL;DR: Goldman Sachs net revenue fell double digit percentages compared to Q1 2021. However, a common theme among these banks is that they required deposits for their investors to meet margin, lower margins/profit from the Bond market, and more investor leverage in derivative markets (aka options). In other words, the house of cards is crumbling and we've been watching it this entire time and we called it. Enter cheat-code: SHOW ME THE MONEY** + +Goldman Sachs overall performed like a rock star compared to JP Morgan. Just kidding. They produced over $15 Billion in revenue for Q2 2021 and posted a **WHOPPING 13% NET REVENUE DECREASE compared to Q1 2021.** Overall Goldman Sachs attributes their *revenue gains* to *Asset Management, Investment banking, Consumer &amp; Wealth management* and *revenue decrease* to lower net revenue in *Global Markets*. I'll step into each of these 1-by-1 starting with... + +* *Investment Banking:* Net revenue was $3.61 Billion (-4%). Still a whopping 36% higher than Q2 last year, but seems like the spike from COVID is starting to slow down for them. This was specifically impacted by their higher net revenue from Financial Advisory, Corporate Lending and Underwriting. + +1. Financial Advisory net revenue reflected an increase in completed mergers and acquisition (M&amp;amp;amp;A) transactions. Basically other companies borrowing money to buy up smaller, possibly failing, businesses. +2. Corporate Lending revenues reflected higher net interest income. Basically more money from corporate loans. You can probably point to #1 to justify this real easily. +3. Underwriting net revenue really came from Equity underwriting and primarily driven by huge attention to initial public offerings (IPOs), and partially offset by significant declines in industry-wide secondary offerings. I think we saw this with all the hype around stocks like AirBnB and others. +4. Debt underwriting net revenues were lower because of significantly lower industry-wide investment-grade volumes, and offset by elevated industry-wide leveraged finance volumes. Basically they made much less money from bond transactions because of the low volume. Could be municipal or corporate because it doesn't specify. **But they made more money to offset those losses from loans or bonds issued to MORE RISKY OR HIGHLY LEVERAGED COMPANIES.** + +* *Global Markets:* Net revenue was $4.9 Billion and is a **HUGE NET REVENUE DECREASE OF 35% compared to Q1 2021.** Net revenue in Fixed Income Clearing Corporation (FICC), was GET THIS... **45% LOWER THAN Q2 2020!** It doesn't compare it to Q1 for us in this report but we can assume it was still very high. *Not as high as JP though (-44%).* GS really attributes this to a few things: + +1. Lower net revenue from FICC intermediation. Being the middleman and market maker for bonds. +2. Significantly lower net revenue in interest rate products. Loans can be an example but not the only one. +3. Credit products and commodities. +4. Lower net revenue in Mortgages and currencies. +5. Net Revenue in FICC financing was lower reflecting lower net revenues from repurchase agreements but was partially offset by higher revenue from mortgage lending. Here it sounds like a lot of people are getting out of bonds and RPs but the housing boom saved them. Well for now... I think we all know how the housing market is going.. +6. Net revenue in Equities was $2.6 Billion and 12% lower than Q2 of 2020. *Again, doesnt compare to Q1 2021 and I havent gone to it to compare.* Really they attribute this to lower revenue in equities intermediation. Meaning less net revenue from cash products and derivatives. **HOWEVER, net revenue from Equities financing were higher reflecting a HIGHER AVERAGE OF CLIENT BALANCES!** + +* *Asset Management:* Net revenue was $5.13 Billion up 11% compared to Q1 2021. Primarily driven by significantly higher net revenues in Equity Investments. Lending and debt investments net revenues, Incentive fees and Management and other fees were all higher. Not much to cover that's significant here, but to their credit, they did a great job managing their own assets. +* *Consumer &amp;amp;amp; Wealth Management:* Net revenue was $1.75 Billion and unchanged from Q1 2021 and 28% higher than Q2 2020. + +1. Wealth Management net revenues were $1.4 Billion and 25% higher than Q2 2020. Management and other fees were higher. Basically stating they're managing more money, specifically in private banking (you, the consumer and your stimmy cash) and lending (probably home loans). All this reflecting higher loan balances. +2. Consumer Banking net revenues were $363 Million and **41% HIGHER** than Q2 2020 reflecting higher deposit and credit card balances. This could be do to government stimulus and increased debt incurred during a COVID stricken year. Overall this is probably good for them. + +One last thing I'd like to point out is their Provisions for Credit losses. This is the amount of money they have in reserves to cover losses from credit risk. There's $4.09 Billion in reserves and its only grown this Quarter to a tune of $92 Million. There were overall reserve reductions for wholesale and consumer loans, BUT was partially offset by provisions related to portfolio growth (specifically with credit card loans). So it looks like they've issued more credit card loans. Not really significant but I found it interesting. + +Obligatory F in the comments for Goldman Sachs. + +*This is not financial advice and is just my opinion on what the earnings report means for Goldman Sachs. I'm just a retard who likes to gamble and loves GameStop stock.* + +Sources: + +1. [2Q21 GS Earnings Release (goldmansachs.com)](https://www.goldmansachs.com/media-relations/press-releases/current/pdfs/2021-q2-results.pdf) +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? +I got a message from my bank a month ago saying something like, “investing in crypto is not safe and it’s dangerous”, I have stopped using that bank now. + +This is actually hilarious, because as I like to bet some money on sports (just a little bit for fun) and I’ve never received a message about the dangers of gambling. + +There has been so many cases of lives being ruined by gambling and if the bank want to advise us about something, they should advise us about not gambling instead of investing crypto.. + +In the end, I do understand their point. They are probably scared shaking about crypto’s threat to their banking system. + + +We have seen an astronomical rise in $DOGE thanks to Elons fondness of the token... + +Because of that we have seen $HOGE going through the roof as it's being marketed as Doges younger brother. + +Now we have coins such as $SHIBA and $AKITA too, doing well. + +My question to you is what is your opinion on these Meme coins, do they have any place in the crypto space in your eyes? +I'm adding a new hashtag: + +# #DontInvestWithKen + +Citadel Advisors is a hedge fund. Duh. *But where does Citadel get funds to invest,* I mean, \*cough\* *short GME* \*cough\*? + +**INVESTORS.** + +*Who are Citadel's investors?* + +No fucking clue. They're not going to release their investor list. But there are ways to find out because, unfortunately, **public pension funds are invested with Citadel**. + +*What are public pension funds?* + +Public pension funds are where a certain group of employees pool their retirement dollars and invest that money together. These are police, firefighters, teachers, other state/local employees, etc. They've got a lot of money to invest, and a portion of their money goes into "alternative investments." That can mean a lot of things... but it includes hedge funds. + +Citadel gets money from these public pension funds and invests that money. *Pensions & Investments* ranks Citadel 9th on their list with [$37.6 billion managed as of July 1 2021](https://www.pionline.com/special-report-hedge-funds/multimanager-funds-changing-industry-hurdles-remain). (It's a portion of their hundreds of billions of assets managed). Citadel also appears to have an entity called *Citadel Securities Institutional LLC* where some of this money goes. + +# Citadel gets money from public funds around the world, here are some examples + +[Colorado Fire & Police Members' Benefit Investment Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) + +$57 million invested, and you paid Citadel $523k in fees last year. + +https://preview.redd.it/jkucren5qfs71.png?width=501&format=png&auto=webp&s=8aaf2358256edb286bd48ead7296ba0a7ee8e8c5 + +https://preview.redd.it/0j5t7nt6qfs71.png?width=567&format=png&auto=webp&s=47075519fc91dd6b28c7d38301205b4aea50c697 + +[New York State and Local Retirement System](https://www.osc.state.ny.us/files/retirement/resources/pdf/comprehensive-annual-financial-report-2020.pdf) has paid some commissions to Citadel Securities Institution LLC, no idea how much invested: + +https://preview.redd.it/l7repc2iqfs71.png?width=423&format=png&auto=webp&s=aa32cde4ba9cd123435ecbcfc6de8182adb7ea21 + +https://preview.redd.it/aavz4f5jqfs71.png?width=806&format=png&auto=webp&s=480864c1651bd08747a602695ee292c0b3f73d0e + +[Teachers' Retirement System of Oklahoma](https://oklahoma.gov/content/dam/ok/en/trs/documents/CAFR-FY2020.pdf) also paid commissions to Citadel Securities Institution LLC, no idea how much invested or what "shares" means: + +https://preview.redd.it/peapxl3lqfs71.png?width=411&format=png&auto=webp&s=d6f4a240c4b698e88aa59b3b80e655e98066e518 + +https://preview.redd.it/g08r7onmqfs71.png?width=466&format=png&auto=webp&s=804d3cb2ec642d64633d0653456cf58877eca2e2 + +Let's move to some international examples. + +["futurefund" - Australia's Sovereign Wealth Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) \- shows Citadel Advisors is one of their alternative investment advisors. No idea how much they're managing. + +https://preview.redd.it/mryy5r4oqfs71.png?width=318&format=png&auto=webp&s=39506306095defe4e1853ba08158d18b5b0812f7 + +https://preview.redd.it/ux4ap6ipqfs71.png?width=695&format=png&auto=webp&s=881dc1d8a6ee3687a6d080630b0785b413198881 + +The CERN Council's [annual report as of year end 2020](https://cds.cern.ch/record/2774013/files/English.pdf) shows Citadel Advisors is an external investment manager: + +https://preview.redd.it/c5xxuqkqqfs71.png?width=341&format=png&auto=webp&s=adfbaf7e92bc1fe11efbb55c2137a8090858b26c + +I'm tired of Googling this stuff, Citadel is everywhere. + +# Don't like seeing that? What can you do? + +First things first: are you a public worker who has a a pension fund, or some other kind of pooled retirement plan? + +If so, you should be able to figure out what your pension fund is invested in. The administrator might not provide the specific managers/funds in public disclosures, so an email, or maybe a FOIA request (US), should be able to get you that info. + +Then, if your pension fund invests with Citadel, and you don't like that, take action: + +* Let your pension/fund administrator know. It may be an "investment committee" or "investment council" who make decisions on where to invest - send them an email. +* Let your local politicians know. +* Write a letter to the editor in your local newspaper. +* Make a stink. Throw some poo (figuratively, not literally) on social media if needed. + +Be respectful, but let people know you are not interested in investing with Citadel and point them to facts like 60+ FINRA violations, lying under oath, etc. + +I won't pretend to understand the legalities of turning your money over to a fund investment committee, but surely you can at least voice your opinion. And if you find your pension fund is invested with Kenny G post it here so other apes know! + +Will this hurt Kenny G and Citadel? I don't know. The money is probably locked up, but maybe it will prevent future investments. And that will get the hedgies in the one place that hurts more than a kick in the balls: their pocketbook. + +This is of course not financial advice and every ape can make their own decision. + +🚀🦍💪💎🙌 + +[https://www.kengriffinlies.com/](https://www.kengriffinlies.com/) + +\#KenGriffinLied + +\#CitadelScandal + +# #DontInvestWithKen +So, I rent out a SFH and had the HVAC unit replaced last September. After it was replaced the tenants noticed some high bills starting to come in, around $300. After a few months they informed my PM about it. They had one bill nearly $1000. I had the same company go out and troubleshoot the problem; come to find out, the fan was continuously running. Even when the thermostat was turned off, it would run. After further investigation, by the tech, he noted they installed the wiring incorrectly. + +Now, I decided to reimburse the tenants $1000, credited to next months rent. They gave me the bills so I know it's legit. My question is, should I see if the HVAC company can compensate me for their faulty wiring? Or just eat the costs? Thanks! + +Edit: this is what the HVAC tech said, that fixed the unit. + +"Arrived and found fan motor running even with system in the off position. Checked wiring and found pink wire on heat kit wired to R in low voltage circuit. Corrected wiring and system is back online and operating. Also adjusted wiring at thermostat. Cycled system on and off to insure system is now wired correctly Will follow up with service manager regarding bill from electrical usage." + +Also, the unit is a "4 ton heatpump horr Trane or carrier 14 seer." + +I tried calling the HVAC company supervisor and it appears he's been at lunch all day. 😬 +What's interesting here is, this is an annual test which was last completed 24th Aug20, this test has effectively been brought forward to 26th April 21. The 2019 test was conducted on 26th Aug 2019. I feel it adds to the general conscious that something is brewing behind the scenes relating to leverage. + +Capped Contingency Liquidity Facility (“CCLF®”) is an integral part of the Fixed Income Clearing Corporation’s (“FICC”) role as central counterparty under the Government Securities Division (“GSD”) and the Mortgage Backed Securities Division (“MBSD”). On an annual basis, FICC conducts a mandatory CCLF test with all GSD Netting Members and MBSD Clearing Members in order to satisfy the requirements of a covered clearing agency with respect to its management of the liquidity risk + +**APR21 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**AUG20 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf) +We bought a property in Calgary, AB in 2021, and it looks like we might have to move closer to the city center. + +This is mainly to avoid a long commute to a specialized school that my special needs son need to attend. + +My understanding is we can sell our current property after two years and not pay capital gains tax. The question that I can't find out a definitive answer for: is this based on the closing date of the sale? + +Any other pointers would be appreciate. Thank you tons. +Hi All, + +Getting ready to retire in the next year. My gal and I currently live in a ~1200 SQ FT 3bd/2ba home in a VHCOL area (SF Bay Area). + +We really want privacy and some land so we're looking at some places outside of Sacramento. Our requirements are 5 acres, semi-rural, a house of 2000 SQ FT or so, and a pool. + +We've just started scanning the listings and it's amazing what you can get for $1.5MM. Some of these houses are over 4000 SQ FT. And I think prices are probably going to come down a little over the next couple years. + +Many of these houses already have solar/batteries, are on leased propane, and private wells. + +Something in me thinks it would be great to live in a larger house, being able to have friends and family stay, enjoy all the other amenities like a large kitchen, outdoor kitchen, etc. + +Yet, I know there are cons to a large house: Hard to keep clean, big energy bills, not really using the entire house, etc. + +Would love to get some sage advice from anyone here. Is getting a house twice as large as we really need a mistake? Have you regretted buying a larger house than you needed? +This is meant to be a user-friendly, non-jargon explanation of student loan forgiveness programs - what is possible and what is not; who to trust and who to hang up on. + +**QUALIFICATIONS**: I work for a company under contract with the Department of Education to service Direct Loans (loans owned by the US Department of Education). It's one of the companies listed on this government site: + +https://studentaid.ed.gov/sa/repay-loans/understand/servicers + + I've worked here for 5.5 years; 3 years in customer service, and 2.5 years in processing repayment plans. + + +**DISCLAIMER**: *I do not speak for the US Department of Education, nor do I speak for any company servicing student loans; I just wanted to give a Public Service Announcement and share the knowledge I've accumulated by working in the industry for over 5 years now. All of this information is publicly available, but it is generally in a hard-to-understand format.* + +**SOME USEFUL TERMS** + +* Servicer: A servicer is a company that provides customer service, billing, and processing for student loans. They are the company you call when you have a question about your loan, and the company you submit your documents to. They do not own the loan, and do not make student loan regulations. They are the hands-on company that enforces the rules created by the lenders. + +* Lender: A lender is the entity that provides the funds for a loan. Because they provide the funds and generate the contracts, they make the rules that borrowers and servicers must follow. + +* Borrower: A borrower is the student (or parent, in the case of parent PLUS loans) who takes out the student loan. + +* Third-Party Company: A third-party company is a company that is not your lender or your servicer. These companies often make cold calls or send unsolicited mail advising people that they can offer forgiveness for student loans. They typically require payments of hundreds of dollars in order to help borrowers complete paperwork (the same paperwork the servicers will help borrowers with for free). The forgiveness programs they offer are already in place based on the type of student loan you have, so they cannot offer any additional forgiveness options. Sometimes these companies also offer student loan management services; for example, they might ask for a monthly fee of $35.00 to remind you once a year to renew your repayment plan, although your servicer will send you reminders anyway for free. If you make enough money so that you are comfortable and don't mind paying hundreds of dollars for a small amount of convenience, these companies are fine to work with, but in the case of people who cannot afford to pay at all, it is certainly an extra expense I would advise against. + +* Forgiveness: Forgiveness programs are programs that allow a certain portion of your balance, and occasionally the entire balance, to be written off. Sometimes this written-off amount is considered taxable, and sometimes not. Forgiveness programs typically are not an immediate type of program; you must meet certain qualifications for years while remaining in good standing on your loan to qualify for forgiveness. I will detail the forgiveness programs and how to apply below. + +* Discharge: Discharge programs, unlike forgiveness programs, cause an entire loan balance to be written off immediately, assuming you meet certain criteria. Discharge programs apply when you are considered unable to pay off your loans due to circumstances outside your control. + +* Subsidies: Subsidized student loans are loans that have their interest paid (subsidized) by the government while the loan is under certain conditions, like when you are attending school full time or when you are on a deferment. Unsubsidized loans do not have these benefits, except in one scenario (see REPAYE in the IDR PLANS section). + +* Deferments: A deferment is a hold on your loan for a specific period of time. In order to qualify for a deferment, you must meet certain qualifications, and you will have to provide documentation for those qualifications. You will qualify for a deferment if you are unemployed and registered with an unemployment agency (not monster.com, but a state labor department), if you are attending school at least half time, if you are working full time and earning less than the poverty guideline for your household size, if you are receiving public assistance, and various other situations. Deferments are nice because subsidized student loans do not accrue interest while on deferment. Unfortunately, student loans only have a limited amount of deferment time available for each deferment type, typically 3 years. + +* Forbearance: Like deferments, forbearances are holds placed on student loan accounts. Typically, it is easier to qualify for a forbearance than a deferment, and it is usually easier to apply because less documentation is required. The problem with forbearances is interest continues to build up on the loan each day (student loans are simple interest loans that accrue interest daily), and it is not covered by the government. Like deferments, there is a limited amount of forbearance time available for student loans. + + +**TYPES OF STUDENT LOANS** + +* DIRECT LOANS: Most of you will have Direct Loans, or loans owned by the US Department of Education. All regular student loans taken out after June 30, 2010 are Direct loans. Direct loans have some benefits that other loan types do not have. + +* FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) LOANS: Some of you will have FFELP loans, which are owned by financing companies and banks, but which are federally backed in case of default. Some FFELP loans have been transferred and are now serviced by the same companies that service Direct loans. There are still federal benefits for these loans, but there are fewer programs available for FFELP loans than for Direct loans. + +* PRIVATE LOANS: A few of you have private loans, which are not federally backed and do not qualify for any of the programs that will be listed here. Any loan benefits will be dependent on your lender, just like if you took out an unsecured installment loan at a bank. + +* PARENT PLUS LOANS: Parent PLUS loans are loans taken out by a parent or guardian for a student (not for themselves). These loans can be under the Direct loan program or the FFEL program. These loans are a bit different because they do not qualify for many of the programs available for other types of student loans. I will address parent PLUS loans separately in the forgiveness section. + +* SPECIFIC LOAN CATEGORIES: STAFFORD LOANS are student loans taken out by a student for themselves. Stafford loans can be Direct or FFELP loans. They are usually taken out for undergraduate programs, but occasionally, if a student has not reached their Stafford loan limit (set by the US Department of Education), they can take out unsubsidized Stafford loans as a graduate student. GRADUATE PLUS LOANS are loans taken out by graduate students who have reached their Stafford loan limit. Graduate PLUS loans are always unsubsidized and have higher interest rates than Stafford loans do, but ***unlike parent PLUS loans***, graduate PLUS loans are eligible for any forgiveness plans available under their loan program, Direct or FFELP. + +Now that we've got all of that terminology out of the way, let's get to the good stuff - + +**FORGIVENESS PROGRAMS** + +DISCHARGE OPTIONS: + +* **Total and Permanent Disability (TPD) Discharge** (AVAILABLE FOR BOTH DIRECT AND FFELP LOANS): If you are totally and permanently disabled (i.e. if your doctor certifies that you have a medical condition that will prevent you from working for the next 5 years) you can have your loans discharged. Be aware that it can take several months for this process to be complete, so you may want to ask your loan servicer for a forbearance or deferment in the meantime. **How to apply:** It doesn't matter which servicer is in charge of your student loans, you will always apply for TPD through a company called **NELNET.** To apply for TPD, contact Nelnet either by visiting their discharge website at www.disabilitydischarge.com or by calling 888-303-7818. If you have taken out a parent PLUS loan or if you are a student whose parent has taken out a PLUS loan for you, the loan can be discharged if either the parent or the student is disabled. Be aware that the discharged amount can be considered taxable income. That means if you make $10K per year and you have a $50K loan discharged, the next year your income on your tax return might be $60K, and you would be required to pay taxes on that entire amount. + +* Closed School Discharge: We're seeing more of these lately. If you are *attending* or on an *approved leave of absence* from a school that closes, you can have your loan discharged. You may decide to transfer your credits to another school instead, in which case you would not qualify. Be aware that you have to actually be attending the school when it closes, or you have to have stopped attending within 120 days of the school closing. If you already graduated or if you stopped attending more than 120 days before the school closed, you will not qualify. **HOW TO APPLY:** call or email your student loan servicer. + +* **DEATH:** This one is sad and seems morbid, but more people than you might expect ask about this. If you have federal student loans, under the Direct or FFEL programs, your student loans will be discharged when you die. It is not possible for your loans to be transferred to anyone else's name, and your estate will not be billed for the balance. Once your servicer receives documentation, usually a death certificate and obituary, the balance is written off. + +* **VARIOUS OTHER DISCHARGE TYPES:** The three types above are the most commonly requested discharge types, but student loans can also be discharged for fraud or if the school should not have allowed you to take out student loans because they have no reason to believe a degree would be useful to you (typically occurs when a student does not have a high school diploma or GED). If you think you might be a candidate for discharge, call or email your servicer. They'll be happy to look into it for you. + +FORGIVENESS OPTIONS: + +* **PUBLIC SERVICE LOAN FORGIVENESS (PSLF):** This is the most talked-about forgiveness plan, and there are a lot of misconceptions about it. The PSLF program allows borrowers who work in public service (defined as working full time for a non-profit (501(c)(3)) company or a government agency) to pay their loans ***on a qualifying repayment plan*** (more on this in a minute) for ten years (120 payments). Once the borrower has made 120 ***qualifying*** payments, the rest of the balance will be forgiven, and will not be considered taxable. Here are a few important tips about the PSLF program: First, this program is only available for Direct loans. If you have a FFELP loan, ***your loan is not eligible for the PSLF program.*** You can consolidate your loan under the Direct Loan program, at which point your new consolidated loan would be eligible, but any payments you make prior to consolidating will not count toward forgiveness. Second, there are two main factors for eligibility for the PSLF program - your employment has to qualify, and while you're working for a qualifying employer, all of the 120 payments have to be made on a qualifying payment plan. This is where many people have trouble. I've spoken to borrowers who have paid for 7 years on a graduated repayment plan while working for a government agency, all the while assuming that they were going to have their loan forgiven. Unfortunately, the graduated plan is not an eligible plan for PSLF. Eligible plans are an IDR plan (more info below) or a Standard, 10-year plan. Do you see the problem with the Standard 10-year plan? If you pay your loans on a 10-year term, your loans will be paid in full by the time you qualify for forgiveness. In order to truly benefit from PSLF, you will need to switch your loans to an IDR plan. **A few more tips:** payments do not have to be consecutive. If you work for a government agency and take off a couple of years when you have a baby and then start working again, those qualifying payments will still count towards forgiveness, as long as you were paying on a qualifying plan and working for a qualifying employer. Payments are only qualifying payments if they are made no later than 15 days after the due date. If you perpetually pay your loan 30 days late, your payments will not count. If you accidentally pay 20 days one month, it's okay because payments do not have to be consecutive. It will take you an extra month, but you will not lose your previous qualifying payments. Also, loans forgiven under the PSLF program are not considered taxable, unlike loans forgiven under IDR plans (see below). **How to apply for PSLF:** you are not required to submit an application for PSLF until you have made 120 qualifying payments, but you can if you'd like. Just complete the form https://studentaid.ed.gov/sa/sites/default/files/public-service-employment-certification-form.pdf and submit it to **Fedloan Servicing**. Even if your loans are not currently serviced by Fedloan Servicing, the loans will be transferred there if your employment qualifies, and Fedloan Servicing will keep track of your forgiveness count. + +* **TEACHER LOAN FORGIVENESS (TLF):** If you are a teacher (not a counselor or librarian) and you have taught at a low-income (Title I) school for 5 years, you are eligible to have a certain amount forgiven. The amount is usually $5K, but if you are a special education teacher or if you teach math or science at a secondary school the forgiveness can be $17.5K. This program is available for both Direct and FFELP loans. The biggest thing to be aware of with this program is that only loans taken out **after October 1, 1998** will qualify. Congress created the plan at that time, and only authorized it for new loans that were taken out after. This is a good program, but be aware if you are also interested in the PSLF program that you cannot do both at the same time. You can qualify for both forgiveness programs, just for different time periods. For example, if you taught at a Title I school from 2005 - 2010 and had $5K forgiven, any payments you made during 2005 - 2010 would not be considered qualifying payments towards the PSLF program, but payments made after could be qualifying payments, you would just have to pay for another 10 years, at which point your total balance would be forgiven. **How to apply:** your servicer will have a TLF application on their website. You will need to complete part of the application yourself, and then an "authorized official" will need to complete and sign the rest of the form. + +* **INCOME-DRIVEN REPAYMENT (IDR) PLAN FORGIVENESS:** IDR plans are plans that base your monthly payment on your income, as well as your household size and your student loan balance. In order to take advantage of the PSLF plan, you need to pay your loans under one of the IDR plans. These plans are a good option even if you don't qualify for the PSLF program, because after paying for 20 or 25 years (depending on which plan you are on; remember that on the PSLF plan your balance will be forgiven after 10 years, regardless of the forgiveness term of the IDR plan you are on ), your remaining loan balance will be forgiven. There are several IDR plans, which I will detail below, but first I will give some general information about these programs. IDR plans are meant to make your payments affordable. They are not intended to pay off your loan at a certain time. If you have the means to pay extra and you do not qualify for PSLF, an IDR plan is probably not for you, because by paying off your loans early you will save a lot of interest. If you cannot afford to pay, then IDR plans are a good option. The plans (except for ICR) offer interest benefits as well as making payments more affordable. Any interest that accrues that is not covered by your monthly payments will be paid by the government on your subsidized loans for the first three years you are on an IDR plan. For example, if your loan accrues $50.00 each month but your IDR payment is only $10.00 each month, the government will pay $40.00 in interest each month. Keep in mind that IDR plans are good for 12 months at a time. This means you will have to reapply every 12 months. The timeframe is based on when you originally apply, not on the tax or calendar year, so if you applied in September 2016, you would need to send in your paperwork to renew your plan in August or September 2017. Another notice to borrowers with FFELP loans: **Income-Based Repayment (IBR) is the only IDR plan available to FFELP borrowers.** If you consolidate your loans under the Direct loan program, you will be eligible for any of the IDR plans. On to the individual plan descriptions: **INCOME-CONTINGENT REPAYMENT (ICR):** ICR is the oldest IDR plan; it was developed in the '90s. ICR payments are calculated differently than other IDR plans, and the payments are typically higher. One exception is for borrowers with very small balances, usually under about $3K or so: ICR uses the lesser of a payment calculated based on your income or based on your loan balance, so if your loan balance is small, you may receive a low payment even if you have a decent salary. I've seen borrowers making upwards of $100k/year qualify for payments lower than $50/month on ICR. Balances are forgiven after paying on ICR for 25 years. **INCOME-BASED REPAYMENT (IBR):** IBR is one of the better-known IDR plans. It was created in 2009 and had a lot of publicity at the time. Payments are calculated based on 15% of your discretionary income (defined as any income you receive that is more than 150% of the poverty guidelines for your household size), unless all of your student loans were taken out on or after July 1, 2014, in which case payments are calculated based on 10% of your discretionary income. The remaining balance is forgiven after paying on the IBR plan for 25 years, unless all your loans were taken out on or after July 1, 2014, in which case the remaining balance is forgiven after paying on IBR for 20 years. One important point about IBR: *if you are on the IBR plan and you want to change to any other repayment plan (except for a Standard 10-year plan), you will have to make a special payment before you will be able to exit the plan.* The payment can be as low as $5.00, but you will need to let your servicer know that you are planning to pay to exit IBR. **PAY AS YOU EARN (PAYE):** PAYE was intended to be a plan that improved upon the IBR plan, but unfortunately the eligibility requirements were so stringent that not many people qualified. In order to qualify, you had to have had no student loans prior to October 1, 2007, and you also had to have student loans disbursed after October 1, 2011. While this is more common today, not many people qualified when PAYE was first released. The payment for PAYE is calculated based on 10% of your discretionary income and the balance is forgiven after paying on PAYE for 20 years. **REVISED PAY AS YOU EARN (REPAYE):** REPAYE is the newest IDR plan, and was released in December 2015. REPAYE is similar to the other IDR plan. Payments are based on 10% of your discretionary income. Forgiveness comes after 20 years if you only have undergraduate loans and 25 years if you took out any loans for graduate school (yes, it's not fair). If you have graduate loans and you qualify for PAYE even with its weird disbursement requirements, you're probably better off sticking with PAYE because of 20 year forgiveness. I'm planning on going to graduate school once I graduate nursing school (no, I'm not planning on working with student loans for the rest of my life), so I'm repaying my loans on PAYE. There are some great benefits to REPAYE though. Like IBR and PAYE, REPAYE has interest benefits, but the interest benefits are the best of all the plans. For the first three years, any interest accruing on subsidized loans that is not satisfied by your payments is paid by the government. Also, after three years, 50% of the interest not satisfied by your payments on your subsidized loans will be paid by the government. 50% of the unsubsidized interest that is not satisfied by your payments is paid by the government the entire time you are on REPAYE. This is the only plan where unsubsidized loans receive interest help. An important point to consider about REPAYE: *if you do not renew your REPAYE plan on time, then for the period you were not on REPAYE, your servicer will have to calculate your income and determine what your payment would have been if you had renewed on time. If you would have paid more had you renewed REPAYE, then the amount you would have paid more for the entire period you were not on REPAYE will be divided into payments for the remainder of the REPAYE term and added to your monthly payments.* Please renew on time! **How to apply for any IDR plan:** If you have Direct loans, you can apply for any IDR plan electronically at www.studentloans.gov. Your servicer will also have forms available on their website. **An important addendum:** IDR forgiveness can be considered taxable income, meaning the amount forgiven will be included in your income and you will have to pay taxes on it the following year. Thanks to u/drvoltaselectricfish for pointing this out. + +**FOR PARENT PLUS BORROWERS:** Parent PLUS loans do not qualify for any IDR plan. If you consolidate your loans, you will be able to pay on the ICR plan. If you don't have any taxable income, then your monthly payment under the ICR plan will be $0.00. Please consider consolidating and paying under ICR if you have parent PLUS loans and you are struggling to make your payments. + +**HOW DO I KNOW WHO MY SERVICER IS?** Go to www.nslds.ed.gov. You'll have to sign in with your FAFSA information, which you can reset if you can't remember it. Once you've reset everything, I recommend setting up mobile alerts if that's something you're comfortable with. Once you're logged in, click on "financial aid review." Then you can see each student loan you have. Just be aware that you might have different servicers for different loans. You can view individual loan information by clicking on the blue numbers on the left. Your loan servicer's information will be here as well. + +**SHOULD I CONSOLIDATE? HOW DO I CONSOLIDATE?** If you have lots of student loans with multiple servicers, consolidation can be a convenient solution. Be aware that consolidation will not lower your interest rate. Your new, fixed, consolidation interest rate will be calculated by taking a weighted average of the interest rates for all of your existing loans, and rounding up to the nearest .125% (thanks to u/mentaldude95 for the correction). **To consolidate,** visit www.studentloans.gov. ***CONSOLIDATION IS FREE!! Never pay to consolidate your loans into a new federal consolidation loan!*** + + +**BORROWER DEFENSE TO REPAYMENT:** Thanks to u/ecc10394 for bringing this up - if you are not eligible for loan discharge due to school closure, but you feel you were unfairly charged tuition by a school that didn't hold up their end of the educational bargain, you may qualify for Borrower Defense to Repayment. Quoting directly from www.studentaid.gov: + +"Under the law, you may be eligible for borrower defense to repayment forgiveness of the federal student loans that you took out to attend a school if that school misled you, or engaged in other misconduct in violation of certain state laws. Specifically, you may assert borrower defense by demonstrating that the school, through an act or omission, violated state law directly related to your federal student loan or to the educational services for which the loan was provided. You may be eligible for borrower defense regardless of whether your school closed or you are otherwise eligible for loan forgiveness under other laws." + +For more in-depth information about this program, you can visit https://borrowerdischarge.ed.gov/FormWizard/BDU/BDULanding.aspx + +**How to apply for Borrower Defense to Repayment Loan Forgiveness:** You can complete the form electronically at the site below. + +https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/borrower-defense + + +Well, I'm sure I've missed a few things, but I'd be happy to answer questions. It's not possible to cover everything, but I wanted to make this guide easy to understand. Most of all, I just want people to be less stressed about student loans and to be more familiar with the options available to them, so that it's more difficult for predatory companies to charge hundreds of dollars to borrowers who already can't make their student loan payments when the same services are being offered for free. + +https://studentaid.ed.gov/sa/ also has a lot of good, in-depth information about student loans. + +Hopefully there aren't a bunch of typos, and the formatting is tolerable. + + +Edit: added tax info for PSLF and IDR plans, as well as how to apply for PSLF and information on Borrower Defense to Repayment Loan Forgiveness. + +Edit: I'll try to answer as many individual messages/unanswered questions as I can over the next couple of days. Today has been busy at work, but I'm so glad people are finding this information helpful! :) +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! + +The facts are: + +1) I only recently found out that my husband has been secretly building up $90k in credit card debt. He was paying just the minimum until he could no longer do that and I found out when a card was declined. It includes medical debt for our kids. He was helping his mother out without my knowedge. Some of it was just wasteful spending. He's always paid the bills, and in 24 years we have *never* carried any debt before other than a mortgage, not even a car loan. Our credit rating is fantastic. So believe me when I say I had *no* idea. + +2) I recently went back to school after being a stay at home mom and got a degree but lost my first job within 3 months. I've been applying like crazy for 6 months now with no luck. It doesn't help that I'm older and haven't really worked in 15 years. I am now working 55-60 hrs a week in retail while I'm looking, but even with those hours, the pay is not close to what I need to make a dent in that debt. + +3) Our kid starts college in a month and we were counting on my income to help. We don't have the down payment for her tuition. + +4) Husband refuses to declare bankruptcy because he is proud and says "it's only money" and that I will find a better paying job and we can pay it off if I put all my income to it in the next few years. Apparently, he thought our income would double when I graduated and so he just started spending it ahead of time. + +I'm very depressed, very angry and at a loss on what to do. A bankruptcy attorney said that if he won't file, my only option is divorce. I've even considered it because our marriage hasn't been great for a while, but even if I did, I don't have enough to live on and support the kids. I have no family to live with. I'm overwhelmed, depressed and feel myself sinking into this dark pit and have no idea how to get out. The job loss was hard at middle age and not finding work was harder, but now with this debt and my marriage crumbling, I have no idea where to begin. + +I know I should have been aware of our finances but after 24 years of penny pinching, I never thought to be suspicious. I would appreciate any advice. + +EDIT: Thank you all for the kind advice. Your comments and PMs have been really supportive and helpful and have given me some ideas on where to proceed. This is a great group of people! + +For those of you who have asked for more detail: + +* We paid $210k for our home. We owe $110k. The equity took a dive during the recession and our home is now only valued at $175k. I will look into selling or a home equity loan. +* The 401 is in his name and is worth $180k. We are in our mid50s. +* We don't have any stocks or other liquid assets beyond about $1k in our savings. +* My kid has already gone to community college for a year. She's pursuing a STEM major and should be employable. She would not be eligible for military service due to her health. +* Most of the medical debt is already on the credit cards. We have $6.5k remaining that is not on the cards. I've contacted the hospital but they say we are over the financial cutoff to be eligible for bill reduction. +* I am going to call the credit card companies and see if we can negotiate a lower interest rate. +* And, yes, I should have been more aware. The cards are cut and I am in charge of the finances. I have set a strict budget. I will look into everyone's suggestions. I appreciate the advice. +Hi all. Some of you probably saw my [SLABS post](https://www.reddit.com/r/Superstonk/comments/xei6c2/student_loan_asset_backed_securities_the_recent/) a few weeks ago that discussed the effect of loan forgiveness on the SLABS market. As always, I would recommend reading the previous parts before this one, which can be found here: [Part 1](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/), [Part 2](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/), and [Part 3](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/), [Part 4](https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/), [Part 5](https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/), and [Part 6](https://www.reddit.com/r/Superstonk/comments/s2deik/down_the_slabbit_hole_part_6_maturation_dates/). I also encourage you to check out my DD series on Auto Loan Asset Backed Securities (ALABS), which I believe pose as much (if not more) risk than SLABS. Those DD's can be found here: [Part 1](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/) and [Part 2](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/). + +This part is going to smaller, but there was a significant change to the way loan forgiveness works which has a big effect on SLABS. Here's a snippet of what I wrote in that post: + +*" Let's start with cancellation, as this has been the biggest news story as of late. While this only affects federal loans, it does have a pretty major impact on FFELP loans (a special type of loan that were originally funded by private institutions but are backed by federal money. These CAN be packaged into SLABS). This quote from* [*Bloomberg*](https://www.bloomberg.com/news/articles/2022-09-02/structured-weekly-student-debt-move-stirs-a-100-billion-market#xj4y7vzkg) *explains further: "But the plan is also likely to incentivize borrowers to swap older, bank-owned loans that don’t qualify for the benefits for new loans that do qualify under the Direct Loan program.* ***This would slash in half the existing Federal Family Education Loan Program (FFELP) asset-backed securities market financed by those older loans predating 2010, according to*** [***BofA Securities***](https://www.bloomberg.com/quote/BAC:US)***.****"* + +*Essentially what this quote is saying is that people will restructure their FFELP loans into new federal loans that would allow for partial forgiveness, thereby decimating this FFELP asset backed security market. That's pretty huge! But what is the effect of this?"* + +The thing I want to draw your attention to is that last part: the forgiveness plan DRASTICALLY effected FFELP loans, thereby decimating the SLABS market for those loans. However, the White House ***REVOKED ELIGIBILITY*** for some FFELP holders. [This NPR article](https://www.npr.org/2022/09/29/1125923528/biden-student-loans-debt-cancellation-ffel-perkins) explains: + +*" Today, according to federal data, more than 4 million borrowers still have commercially-held FFEL loans. Until Thursday, the department's own website advised these borrowers that they could consolidate these loans into federal Direct Loans and thereby qualify for relief under Biden's debt cancellation program. On Thursday, though, the department quietly changed that language.* + +***The guidance now says, 'As of Sept. 29, 2022, borrowers with federal student loans not held by ED cannot obtain one-time debt relief by consolidating those loans into Direct Loans.' Ultimately, this administration official says, roughly 800,000 borrowers would be directly affected.*** *"* + +This is a truly unprecedented change. If I was to guess, I would say that institutions felt threatened by the sudden loss of SLABS and the interest rates that come along with them and thus lobbied the government to reconsider forcing private FFELP lenders to allow for forgiveness. The article offers a little more clarity: + +*"In fact,* [*a new lawsuit*](https://storage.courtlistener.com/recap/gov.uscourts.moed.198213/gov.uscourts.moed.198213.1.0.pdf) *filed Thursday by six state attorneys general, makes this very argument. One of the plaintiffs, Missouri, is home to MOHELA, which manages both federal Direct Loans and these old FFEL program loans.* + +*"The consolidation of MOHELA's FFELP loans harms the entity by depriving it of an asset (the FFELP loans themselves) that it currently owns," says the complaint. "The consolidation of MOHELA's FFELP loans harms the entity by depriving it of the ongoing interest payments that those loans generate."* + +Honestly, I'm kind of shocked that the administration would rug pull hundreds of thousands of people like this just to preserve an asset for banks. I think this shows the political power of our financial institutions, and how they generally work against the good of the average citizen. I also believe that this backtracking shows that this market is something to keep an eye on, as obviously someone doesn't want it going under. + +I don't have much more insight beyond that, as this story is just developing today, however I will keep you guys in the loop as always. + +***Tldr: government backtracked on forgiveness for the group of loans that can be packaged into SLABS, thereby rug pulling hundreds of thousands of americans in order to maintain the asset for financial institutions.*** + +Remember: I am not a financial advisor, please do not ask me how to make money off this play. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS, and keep sending me leads to follow! + +Thank you all for reading and happy hodling and DRSing. +[Disney+ now has at least 55 million subscribers,](https://www.cnbc.com/2020/05/05/disney-reports-33point5-million-disney-plus-subscribers-at-end-of-q2.html) a doubling from December. No doubt, Disney's streaming service (+, Hulu, ESPN) can be expected to be at least as profitable as Netflix. + +Disney originally predicted to have 60-90 million subscribers by end of FY **2024,** which means the current boost is difficult to gauge long term. + +Disney and Netflix had pretty much the same market cap before the launch of Disney+. Netflix have around 190-200 million subscribers. + +Netflix P/E\~90 and P/S\~9, Disney P/E\~39 and P/S\~3. + +Even with maintained PEG ratio, Disney should be able to defend another 50-100B on their market cap when they reach 100 million subscribers on Disney+, and by the looks of it that could very well happen within 12 months, exceeding Disney's own time expectations by at least 75%. + +A lot of talk has been done about how much people should be paid. Specifically, I've seen TONS of news about Walmart and their pay, and I see lots of arguments from both sides. Some assert that Walmart should pay more to provide a wage that the employees are more likely to be able to live off of, while others point out that walmart is a still a private company and they should have the right to run their business as they see fit. One talking point that all of this swirls around is the question "How much is a walmart employee worth?" + +That's when I started researching, and realized that we dont really HAVE a concrete number that can be stapled to a walmart cashier. I am not aware, really, of any method to determine how much added profit Cashier A of a random Walmart location X brings to the corporation of Walmart. When they hired Cashier A to their company, they end up making $Z more than they would be making if they didnt hire him. So for the transaction to not be one-sided in some way, and for neither side to be getting screwed over in some way, he should be compensated $Z for his labor, right? Is that even true, or are there other factors worth considering? What do we have to determine that number? How close can we get? + +I feel like we can spend a lifetime drawing lines in the sand over what minimum wage would be hypothetically "best" for society, but I think we're entirely missing the point of the discussion, if it isn't focused on prioritizing an equal transaction of labor/compensation between employer and employee, and it's instead just focused on the emotional side of why a wage should increase + +Tl;dr In need of a concrete/scientific way to determine a laborer's worth (any econ nerds have any models/equations/figures/info at all would be greatly appreciated) + +Forgive me if this edges into the political, I know wage talks can devolve into bickering quickly. I also posted this in r/economics but got redirected here. (I already read this sub's faq on min wage) +I'm finding it bizarre that apparently inflation in the UK is only at 1%. With house prices booming and the cost of living creeping higher and higher, how the hell do they come to the conclusion that inflation is at only 1%? + +Materials are up, videogames and tech are up, house prices are up, food shopping is up, home gym equipment is up. But apparently we're only at 1% inflation. So what gives? +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) + +[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: 8192 days +Just seems to be a lot of high salary earners on here interested in what your careers are? I am making a terrible wage and I’m 30 and wish I could get out of hole that I am in currently. Just want a career change and some stability in my life I currently work in the healthcare sector in the UK which is badly underpaid and undervalued. +I'm a 34 yo senior level IC program manager working at a FAANG. NW is about $1M, including real estate. Living in HCOL market. Not quite as close to FatFIRE as I'd like to be, but on track in the grand scheme. + +I've been with the company for 9 years now, and the next levels are getting a little slower to come by. I'm probably 5-8 years away from any kind of non-linear pay bump (director, etc). Program management IC at my level becomes a bit of a dead-end, but climbing the management chain seems to have a relatively low probability; I'm not in our HQ location, so for every 1 director, and maybe 3 senior leaders, there are 50+ ICs like myself. + +Since this community seems to have a large contingency of FAANG employees with accelerated retirement as a priority, I'm looking for a little guidance in considering some of these options: + +* The infamous FAANG 1 -> FAANG 2 -> FAANG 1 shuffle +* Try to exploit my tenure and move around the company a bit +* Jump down to a mid-cap company and be a bigger fish in a smaller pond +* Take my experience to a well-funded startup +* Some other strategies I haven't considered? + +Can anyone offer some mentorship or anecdotes to guide this decision? +We did it, shots fired from Citadel to Robinhood. + +Congratulations on this successful psyops campaign that all of us didn't even know we were running. + +We've broken their ranks, their spirit and their hope. + +All we had to do was be mentally retarded and sit, play games, uselessly decipher tweets that were almost always completely wrong interpretations, shit post, let smarter people do the research, read a tldr, go to sleep and dream of MOASS, love each other, shove bananas in our butts, liquefy a sock and drink it (hope you're okay dude!), go back on our bets for shoving a watermelon in our butts because "scared" and our "eye" was smaller than our brain, call people shills, realize every post is shilly and bullish at the same time, say mayoman 874,890 times, make bed posts references, fly planes with signs on them and #REGISTER #OUR #SHARES. + +The past 9 months have been wild, frustrating and fun. Congratulations people, we've done a psyops without even being aware we've done a psyops. The walls are cracking and we don't have much further to go. + +Now continue #REGISTERING THOSE SHARES! +FIRST OF ALL, I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. THESE ARE JUST MY OPINIONS AND INTERPRETATION. MATTER FACT, I AM JUST POSTING PICTURES OF CRAYON SCRIBBLES. + +Since I can barely read/write myself, I'll keep this short and get straight to the point. There are way too many DD's out there, written by apes way wiser than me, with DETAILED explanations of everything I'm talking about. SUCH AS THIS SUPER IN-DEPTH DD REGARDING OBV IF ANY SMOOTH BRAINS WANNA DEVELOP A FEW WRINKLES BY u/Cuttingwater_ : [https://www.reddit.com/r/GME/comments/mdyfpc/gmes\_price\_continues\_to\_be\_artificially\_deflated/](https://www.reddit.com/r/GME/comments/mdyfpc/gmes_price_continues_to_be_artificially_deflated/) + +For anyone else who's been here for while, we all know what the fuck OBV is at this point right? + +HERE'S A QUICK SYNOPSIS: + +All you need to know is that "On Balance Volume (OBV)" is a technical indicator that uses volume changes to make price predictions. This indicated is based on REAL data that has already happened, and therefore cannot be manipulated. It's literal purpose is to show how the price is moving. OBV TL;DR: **If the price closes higher than the previous price, OBV goes UP. If the price closes below the previous price, OBV goes DOWN.** + +Now I'm a fucking illiterate, so naturally I am a visual learner. I've pulled the charts of a bunch of random ass stocks, including: AMC, APHA, APPL, CHWY, MVIS, PLTR, SNDL, TSLA, and WFC to compare and show how their OBV's trend according to the price moves. + +&#x200B; + +[AMD, cool looks normal](https://preview.redd.it/jngn5rgrjms61.png?width=1646&format=png&auto=webp&s=51c61c7a3c7c525df85f1b626bcd4f10cd88b3a7) + +[APHA, cool looks normal](https://preview.redd.it/op3rxqgrjms61.png?width=1642&format=png&auto=webp&s=5f97c1750c35bb4d2f7b8e3a1e1adcdc0c1abc1c) + +[APPL, cool looks normal, that red candle crazy tho lmao](https://preview.redd.it/7p534rgrjms61.png?width=1646&format=png&auto=webp&s=c01e07bf71e8b7e4f5520f6e0869f7aa897162a1) + +[CHWY, looks great Papa Cohen](https://preview.redd.it/4m5f7tgrjms61.png?width=1647&format=png&auto=webp&s=7bd43b4b8d3be0c260f61c24e178192d3f1aa957) + +[MVIS, looks normal](https://preview.redd.it/91vggsgrjms61.png?width=1648&format=png&auto=webp&s=499a5738d2014cf6a0a11e7632b9bd56d8db8d4a) + +[PLTR, looks normal here Mama Woods](https://preview.redd.it/fci1jugrjms61.png?width=1647&format=png&auto=webp&s=75d642d359675064410767e2415121e51fbf834a) + +[SNDL, looks normal, RIP](https://preview.redd.it/7m3o8tgrjms61.png?width=1644&format=png&auto=webp&s=49670b8a075a80ae3a80da8a2cd65369bb5cdd13) + +[WFC, wow crazy... looks normal](https://preview.redd.it/bz17psgrjms61.png?width=1643&format=png&auto=webp&s=fa77b0dd8c6bc17e0b2649d759145c894d06a4ab) + +&#x200B; + +Ok now look at GME... LMAO + +&#x200B; + +[GME, looks.... normal...? LMAO](https://preview.redd.it/i5qd6ueakms61.png?width=1642&format=png&auto=webp&s=d7bdcb74a95265457975d5a0e01675e8d0a688a2) + +The OBV for GME is absolutely artistic looking. As we all know, the price of GME is heavily manipulated. The OBV during January, specifically when the price was $482, the OBV was around **356.22 million**. The current OBV of GME is roughly **730.11 million**. And just doing a quick rough estimate with these numbers, based on percentage proportions, I believe that GME's current real price is actually somewhere between $800-1k. + +TL;DR: OBV is generally used to confirm price moves, and is more than 2x the OBV in January's peak, which leads me to believe the suppressed REAL price of GME is currently somewhere between $800-1k. + +I MEAN, I DON'T REALLY KNOW ANYTHING AND COULD BE MISUNDERSTANDING THE CONCEPT OF OBV ENTIRELY. IF THAT'S THE CASE, PLEASE JUST FLAME THE FUCK OUT OF ME IMMEDIATELY. OTHERWISE... + +MY TITS ARE ABSOLUTELY JACKETH RIGHT NOW! + +THAT'S ALL FOLKS, BUY AND HODL FOR THE INFINITY SQUEEZE + +&#x200B; + +**EDIT 1**: FORGOT TO ADD AMC BUT LOOKS LIKE AMC HAS THE SAME ANOMALY AS GME HMMMMMMMMMMMMMMMMM + +[AMC LOOKING KINDA THICC](https://preview.redd.it/e5ffyi095ns61.png?width=1637&format=png&auto=webp&s=dd513b16948046db8b5c7c1ffe4fc96a5c7a5ad7) + +I WANTED TO KEEP THIS POST AS BASIC AND EASY TO UNDERSTAND AS POSSIBLE, BUT AS FELLOW APE u/Criand HAS SAID: + +>OBV = OBV + Volume; if price goes up +> +>OBV = OBV; if price stays the same +> +>OBV = OBV - Volume; if price goes down +> +>OBV on normal stocks will look roughly like the price chart. But GME is unique. We tend to have price go down significantly with little volume, but always price goes up with large volume days. You shouldn't see that. Large volume days should have some days where price drops, but that has yet to happen for gme. +> +>So now we see OBV continuing to rise, which screams manipulation. The true price should be following the obv more or less, resulting in OPs $900+ + +&#x200B; + +My take from this is: despite there being a dip in AH, the OBV that is shown to still CURRENTLY higher be at a higher level than it was in January. Like I've said, I'm not sure what this all means, but I guess we can at least add this as another anomaly related to GME that doesn't occur it any other stock. + +Additionally, PLEASE STOP GIVING ME AWARDS! USE YOUR MONEY TO BUY THE STOCK THAT YOU LIKE! +Disclaimer: this isn't a serious problem but I'm curious how others handle themselves. + +For those of you that have eclipsed a solid financial position at an early age (I just hit $1M at 34), what do you do to stay focused on work to ensure you reach that $5M-$10M point later in life, when your daily portfolio swings far eclipse what you might make in a week or month? + +I know I need to keep working to maintain the lifestyle I want over the next 10 years and that good opportunities in my line of work are not as common as people think, but I still find it difficult not to obsess over my success. + +I imagine this is heavily influenced by your upbringing - I did not grow up wealthy, so this idea of total financial freedom is relatively new to me. Because I earned this myself I feel compelled to check things constantly (as if it's going to disappear someday). +What are the main reasons US healthcare is more expensive than other countries? I know it's a complex subject, so I'm just looking for an overview of the main points. +Looking to cash out with about $60m post-taxes in the next year, and I want to spend a year traveling the world on a private yacht with a crew. Has anyone done this? Is it feasible with that amount of cash? Can you finance a yacht in the 100-200ft range? What’s a crew cost? Etc +https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness + +Lol wonder if he’s buying the dip now +Right now I just use my debit card from wells fargo to purchase everything. I do have a credit card that I rarely use. Should I switch to the mentioned method to build credit? Or maybe find another cc that racks up flyer miles? Really confused on this and that if it actually benefits my credit score + +Edit: Thanks for the responses! Looks like I'll be researching for one to get. + +Edit 2: Additional questions: + +Does it cost to use cc for bills? Has happened to me several times (Like 2-3% charge) instead of using debt + +Where to keep savings? Stay with Wells Fargo? + +I omitted that my cc has $4k balance on it (from college, used to be 8k) should I pay that off first before switching or keep paying it down and then switch once balance is 0? +*I'm gonna need someone to help me out with sources because I'm on mobile* + +In one of GameStops 2021 quarterly filings, they said something along the lines of 'if we lose faith in the market we will take matters in our own hands to protect ourselves'. I'm hoping someone can get me that link and that exact quote. + +I think last week was a trap designed by RC. I think Cohen and crew have been pumping out these filings early every day to bring some added pressure which all started with RC increasing his share count by 101,000 early last week. I think that they have been waiting for wallstreet to get desperate and go with some crazy, blatant, manipulation. + +The NYSE cheated us today with a halt on a 7% decrease. + +Something happened that these way OTM calls were in the money for a few minutes at open. + +Another post showed that shorts took control over vwap and something else I'm too smoothe to understand.. driving the price straight down. + +I think that today, shorts were so desperate.. That today might have been the straw which breaks the camel's back. The blatant fuckery today should allow GameStop to take matters into their own hands with their stock. + +Idk if this means that they are taking to a new exchange or to loopring or if that are going to spin out this new company soon.. idk. But I bet GameStop has what they need to now to take these matters into their own hands and go into the final stage of this pirate attack. + +I would like to see RC buy 103,000 shares tomorrow, as a middle finger right to the face of the shorts.. kind of a 'You like apples? How do ya like them apples?' (or bananas lol). I know everyone on this sub would go fucking nuts and the concerns of yesterday would be quickly forgotten. + +*DRS your shares* should be the message today. Hold strong and thanks in advance for the source/quotes and edits. + +Edit: 7% decrease for the halt as reported but I guess the halt was really because the price rocketed up? +I read this comment on the sub: + +> Amortization is just a fancy word for paying down the principal every month through your regular mortgage payments. These days, this is probably the best way to make money from your properties. With interest rates so low, and loan terms so good, I'm seeing between 5% and 15% equity build up per year on my investment through principal pay down. Even if you ignore the other benefits of owning real estate, the amortization itself beats the stock market for me. + +I don't quite understand how the principal mortgage payments could be considered a form of return. The amount of money you have is still the same, just in a different form (property instead of cash). So your wealth or equity hasn't grown in any way? If someone could explain this to a noob like me I would really appreciate it. +I rent a room in a flat in South London, however due to the COVID-19 outbreak I have moved to stay with family up north. + +Two days ago I got Furloughed from my job. I decided to email my estate agent to ask for a possible temporary rent reduction due to these unprecedented times and the fact that I was now only recieving 80% of my salary. + +The estate agents have send an email put to all tenants, saying they will reduce the rent to 80% for April and May, aslong was we provide 5 documents; + +1. Letter from our place of work stating we have been furloughed. +2. Our last two bank statements. +3. Our last two pay slips. + +I am happy to provide a letter from work, but the bank statements and pay slips seem abit of an invasion of privacy. + +Are they allowed to ask me for these? +Should I provide them? + +I'm afraid that they are doing it so they can see what rent I can afford (i.e. start charging me more). + +Any advice is appreciated! +Navi launches US Total Stock Market Fund of Fund + +Why is this sub reddit not taking about this. + +With other fund of funds not accepting fresh intakes this funds seems a no brainer to me + +Probably even if they were accepting intakes. + +I am seriously thinking of moving my ICICI us bluechip funds to this funds in 6-9 months. + +Any catch other than the fact that it is a new fund and liquidity might be a concern. +I recently lost my partner and acquired his life insurance. I’ve always lived check to check and don’t know how to handle having this. I’m afraid I’ll mess up and need advice. + +I’ve always heard banks are bad for gaining interest, but what are the other low-risk ways? It’s a good amount but not enough to where I would want to risk much. + +I debated paying off my house, and if I did, I would be left with just at six figures. But others have told me it’s better to keep the large amount to gain interest on. + +Any advice is appreciated! + +EDIT: Some details if it helps…I’m currently 25, have about 15k-20k in 401k through work, and a decent paying job. I own my home and we bought it back in March. I went ahead and paid off all debts except student loans (7k) and the house (137k). I’m aware paying off debts all at once is bad for my credit but didn’t really care since it was more of a mental health decision due to grieving/not functioning well. + +(Sorry if this is poorly worded, I’m not well these days but I’m trying) +Hi everyone, infrequent poster and dividend ETF investor. Currently my portfolio only consists of monthly paying ETFs ( like SPHD and PGX) and I was looking for recommendations or ideas to begin adding stocks in sets of three that would pay one dividend a month, every quarter i.e. Stock 1 pays January, 2 pays February, 3 pays in March, repeat. + +Any and all recommendations welcome! + +Edit: Thank you all for the recommendations, and keep them coming! + + I do want to clarify a point to a comment I saw down below. The reason I'm looking for individual stocks now is for a slightly larger focus on growth. I went the ETF route first as a foundation for my portfolio in order to provide diversity, stability, and reliable monthly income. Now I'm looking to expand from this solid core. + +Edit2: holy shit thanks guys. Tons of new names I've never heard of to look into. To clarify another point I'm seeing alot, this portfolio is separate from my high risk/reward portfolio focused on growth. Over there I have names like Tesla, Palantir, Disney, Lockheed Martin, etc. This dividend portfolio is a counterbalance to keep me focused on the VERY long term. +&#x200B; + +https://preview.redd.it/i16dknd0fjb71.png?width=1600&format=png&auto=webp&s=0aae62c884f9872d26e2b8ae5d6e8344611a3f36 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/gqvt0z82fjb71.png?width=680&format=png&auto=webp&s=d6fa5c9a9d6d0d044a6a7afe0556a5f2d8fe5b55 + +The reverse repo's for the day + +&#x200B; + +https://preview.redd.it/sivde6y7fjb71.png?width=640&format=png&auto=webp&s=b9a1d0230c67b685babfc6247b290c6dbf34193b + +69, Noice + +# Netflix + +&#x200B; + +[credit to u\/Square-Translator-44](https://preview.redd.it/i7pcglkcfjb71.png?width=828&format=png&auto=webp&s=68ca33ad119507d5b58dbda3ca1cfd4671c65d54) + +&#x200B; + +Netflix hires one person for/from a game development studio... so that's why GME is down according to them. + +Just imagine what they'll report once they figure out that gme poached top Amazon workers, it may be the reason gme is stable now... sarcasm btw + +for the new apes on the scene this kind of stuff is fairly typical for mainstream media, Gme does good and goes down, no news + +Another company even breathes, OH THIS IS WHY GME IS DOWN, without any correlation between companies. + +&#x200B; + +https://preview.redd.it/89uvfe9igjb71.png?width=640&format=png&auto=webp&s=949bfd030b265ea01e9f8cd27795320487fb446a + +# Blackrocks insane earnings + +As some of you (most likely all of you) know, blackrock is one of the biggest players on the block, they're also the guys who are backing Gamestop and Toys R us (yes TRU is still alive and kicking, but their stock is not publicly traded and blackrock is backing them both). + +Personal theory of mine, GME will eat up TRU and also offer toys but that's for another writeup. + +Now they had an insane earnings report and another ape did a write up on their earnings: + +[https://www.reddit.com/r/Superstonk/comments/ol7w67/blackrock\_earnings\_insane\_results\_breakdown/](https://www.reddit.com/r/Superstonk/comments/ol7w67/blackrock_earnings_insane_results_breakdown/) + +[TMNT ON NES](https://preview.redd.it/6kjnpfhpgjb71.png?width=640&format=png&auto=webp&s=7515307acfdb65702bf4c14e32dfff31688f4af0) + +# Vanguard added 366k shares of GME to their ETFs! + +u/Turdfurg23 Has written a small piece on how Vanguard has added 366k shares of gme to their ETFS, you can check it out [here](https://www.reddit.com/r/Superstonk/comments/okz7jx/vanguard_added_366k_shares_of_gme_to_their_etfs/) + +# FTD's + +thanks to u/Maximito, he has gathered the FTD data of GME + +https://preview.redd.it/gf3y7kguhjb71.png?width=735&format=png&auto=webp&s=1642cb6baf55df431254b1185f671384d6b455bf + +Now it would be interesting to start looking at ETF's and the stock itself, as we all know they've been using ETFS more than just the stock itself, so it would be interesting to see those get combined, and see how many are actually failed to deliver + +https://i.redd.it/kbjfc1qvljb71.gif + +# Cashgrab + +Now lets talk about the latest cashgrab, most of the people involved with this will most likely try to chew me out or not be happy about me saying this but HOLY FUCK my expectations were low, but god damn... + +(Also for the people who are tagged in the post, I'm not sure if they are involved or just being tagged so it gets more exposure) + +Alright lets talk about it : + +&#x200B; + +https://preview.redd.it/rahtcvvrijb71.png?width=320&format=png&auto=webp&s=6f413a82df45192398cf4864f73be246be04b91a + +Jesus Christ, tell me you're trying to profit off of a movement without telling me you're a grifter. + +These guys are charging from 200 ish bucks to a 1000 bucks TO GO TO A CASINO + +&#x200B; + +https://preview.redd.it/kd4lfb92jjb71.png?width=320&format=png&auto=webp&s=e29389ea8be7ba7dfea800754d2206e8e4a44a86 + +When confronted you'll get greeted with "BUT APES NEED A HOLIDAY" "WHY NOT SPEND IT WITH APES" "BUT ITS FOR THE APES" + +I got one for you guys, a couple of things actually. + +1. the squeeze has not happened therefore its dishonest to say it's about vacation, it's about exploiting your userbase to get more cash +2. If you think this is about GME/AMC/ANY STOCK, it's bullshit this is a cashgrab, cash apes could better spend on ANY stock they like +3. Be sure to hit that Superchat to pay 1000 bucks to spend 2 minutes with a guy who streams... + +&#x200B; + +But yeah, the squeeze has not happened yet, we are currently in the middle of everything and you're setting up a "festival" ? Victory has not been achieved, wtf is there to celibrate? by all means Plan some apefest stuff once it has happened, people have had their tendies. + +This is using your "status" to exploit people. + +This is also the easiest way to get to "Dox" people. + +But in case you think it's just me, let me bring you some more tea. + +&#x200B; + +https://preview.redd.it/dds9hfjakjb71.png?width=1080&format=png&auto=webp&s=dac6519f4b2dc32bf5d43966cdf4dd7261294771 + +&#x200B; + +https://preview.redd.it/yavdvobikjb71.png?width=960&format=png&auto=webp&s=4e720050e6a0a08c692dd68aae6823a37f503e7f + +&#x200B; + +https://preview.redd.it/hr9m61dkkjb71.png?width=960&format=png&auto=webp&s=672974bd0dcd9145da2885053c48b7fd55483327 + +So before you get some BS on "YoU'Re JuSt MaD BeCaUsE iT's AMC" nah you idiot, I'm mad that you're trying to exploit people, and guess what? so does most of your user base. + +&#x200B; + +https://i.redd.it/g4kjd66aljb71.gif + +You want to party? awesome go have fun, I'd honestly advise people to go out on the weekend, have fun and relax. But if someone wants you to pay to hang out with them... big no no. + +&#x200B; + +On that final note, it's friday, it can either be the best day of our lives, or just a regular friday like our buddy Mac loves to say, but it will be interesting nonetheless! especially with all those juicy options on the board today 😉 + +&#x200B; + +https://preview.redd.it/mxxu01obmjb71.png?width=554&format=png&auto=webp&s=287b55e2c3a380931d2e58a12c3090bf72ccfae4 + +# 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. + +**ALSO DONT TRY TO EXPLOIT YOUR FANBASE, THIS WOULD ALSO BE EXCELLENT!** + +&#x200B; + +https://preview.redd.it/jfp29ozgmjb71.png?width=400&format=png&auto=webp&s=860b7f53b7ff5122b439d01f65d207b36a7cc3bb + +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/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) +**Edit**: In this post, by manipulation I don't mean that in a bad way necessarily by the Fed. The Fed is just using a tool(liquidity) that affects EVERYTHING in the market (they're not trying to affect ONLY GME by controlling liquidity) and GME , being prone to a short squeeze, also is affected by it to an extreme. The Fed could be using this as a way to make sure the squeeze happens in an orderly manner and doesn't completely destroy the economy in tandem with the treasuries market and other economic variables on a more macro scale in my opinion, which would further prove what other users DD are saying about the squeeze being controlled until an opportune time to let it rip. + +**Edit 2:** Fixed some phrasing for clarification + +# **Edit 3:** DEBUNKED: +A friendly redditor has just pointed out to me(thank you btw u/hikurashi83) in the comments that in terms of the data, the DD does not hold as by going into some of the points further back in the month there are some dates (such as from 5/14 to 5/17 where the RRP amount decreased, but we ended up having a run up) + +&#x200B; + +Hello fellow apes! I'm sure everyone isn't surprised that we saw some more manipulation today on GME; multiple apes had called it out days ahead in advance. Make no mistake, if there was no effort to tank the price today it most likely would have signaled some alarm bells for the squeeze. + +Naturally, I wanted to look for some more answers other than "dang hedgies short attacking the stock again!" because I felt conflicted about having that as an answer. It makes logical sense for that to be the case yes, but it also makes logical sense that this is out of the hands of Citadel at this point from how fucked they are as the Fed is controlling the wheel and waiting for a prime time to let the squeeze happen, as multiple DDs have pointed out before. The thing is, there was no such confirmation that the Fed is manipulating GME compared to the hedge funds themselves shorting the stock into oblivion... at least until today. + +I think its completely possible that by using reverse repo agreements, the Fed is able to take GME by the horns day by day until they feel it is right to let the squeeze happen. + +# The Goodie Gum Drops: + +I was scouring the subreddit for more info as I always tend to do before writing some DD, and I came across a nice [post](https://www.reddit.com/r/Superstonk/comments/nn6tf3/day_3_of_the_correlation_tracking_between_rrps/?utm_source=share&utm_medium=web2x&context=3) by u/PolarVortices, who is tracking the correlations between RRPs with GME's/AMC's price (give them some love!). + +As they say in their post, there is no DIRECT correlation that the price of GME/AMC has an influence on reverse repos or vice versa, they just appear to be moving together. This would indicate that they aren't necessarily influencing each other, but its possible that some outside force is controlling them BOTH, in the same way. + +Then there was something that they said that caught my attention: " Repeating yesterday's sentiment, the RRP's and the stocks appear to be linked, whatever is causing RRP's to increase or decrease appears to be tied to the movement of the stock." + +IMMEDIATELY my detective senses started tingling. What would cause the RRP's to increase or decrease? Well the logical conclusion would be whoever is in control of the RRP agreements, and who is in control of the RRP agreements? That's right, the Fed. + +# But how is the Fed managing to do this? + +That's the million dollar question, my fellow ape. In order for the Fed to "control" the price of GME such that the RRPs and GME's price are moving together, they have to use some umbrella variable that affects them both in the same way, but first we need some confirmation that the Fed is manipulating GME through Reverse Repos, specifically the overnight agreements. + +This is where another thing u/PolarVortices said that caught my eye: "May 28th reverse repos decrease and GME closing price decreases, the day to day direct comparison model is the only one that is still true." + +Wait, which model? Hm, the day to day direct comparison model. Very interesting.. and with the correlation strengthening it lends credence to the idea that the Fed is controlling the volume of the RRPs in such a way that GME and the volume of the RRPs travel together. + +That would mean in order to find out what is causing this correlation, we have to find out what exactly the Fed is doing in the ON RRP agreement that is causing GME and the volume of RRP to move in the same direction. + +Well, in the ON RRP agreement, the Fed takes cash from a counterparty in exchange for an asset like a treasury bond, with the intent to repurchase it at the agreement's maturity. + +Hm.. so the Fed takes cash away and then gives it back the next day and usually they would do this agreement at 1:15pm. This means that, the maturity of the ON RRP agreement and the opening of a new one for the next day should happen at around the same time. Okay, so then at like 1:15 there should be a big movement to the up or down right? (depending on whether they added more or less to the volume of RRP's in the agreement) + +[Well look at what we have here... Today at 1:15pm there was a new reverse repo agreement, and the price tanked afterwards.](https://preview.redd.it/8uluekai5y171.png?width=1632&format=png&auto=webp&s=03d30be5638bfd2547fba15e1b2c824bbe669f63) + +What happened in this new reverse repo agreement? + +[The volume of ON RRP decreased...](https://preview.redd.it/22onykcm6y171.png?width=900&format=png&auto=webp&s=87d8c5fa4afb25fdd0142f8d3202b467f2df526e) + +So after the overnight agreement began the priced tanked. Since the Fed took away less cash than the day before on its RRP agreement, it seems there is more liquidity in the market. When there is more liquidity in the market, then the price of GME tanks. That should mean the REVERSE is true. Let's try to confirm this: + +[The day before yesterday \(May 27th\), at 1:15pm a new agreement started, and after that the price gapped up by a significant stretch.](https://preview.redd.it/1rhm7fguay171.png?width=1454&format=png&auto=webp&s=06824a8e254d0ce178e10b4738fa095df9d1fcfe) + +and what happened with reverse repos? + +[The volume of RRP increased..](https://preview.redd.it/lgty439uby171.png?width=900&format=png&auto=webp&s=83a8e3310e9830574a5982326ed907dd32daa785) + +So, what does this mean? It means when the Fed takes away more cash from the market via reverse repo agreements, thereby decreasing the liquidity in the market, the price of GME gaps up, almost like... a controlled squeeze. + +# Conclusion/TLDR: + +So far as I can conclude (and I could be wrong here, this post is more speculative than anything else), *liquidity is the main umbrella variable that allows both the price of GME as well as the volume of reverse repos to travel together in the same direction.* When liquidity is removed, both the price of GME and the volume of RRP increases, and when there is more liquidity, both the price of GME and the volume of reverse repos decrease. This would be how the Fed could indirectly control the price of GME, while also explaining the correlation between the price of GME and the volume of Reverse Repos to some extent. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +And again, thank you guys for reading through my (possible)DD! :) I shall be in the comments as usual as long as I am awake and make some edits if needed. + +Links: + +[Repo and Reverse Repo Operations - Federal Reserve Bank of New York (newyorkfed.org)](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) +After taking some time to consider whether I'd want to play the stock market via WSB trades or dividends, I decided I would take the safe route and go long term. I'm fairly new to the market, with only a couple of months of experience behind my belt. If you could offer any advice on my portfolio, I'd be glad to take it! + +&#x200B; + +MSFT - 6.29 shares + +AAPL - 2.72 shares + +T - 9.39 shares + +OKE - 8.23 shares + +DFS - 6.33 shares + +SPYD - 16.38 shares + +KO - 8.97 shares + +DIS - 2.57 shares + +&#x200B; + +Thank you all! +I have recently started investing in equity funds. I do it in the form of SIPs. Recently, the market has been really bullish and I am afraid a correction might be due. I do not want to touch the SIPs as I am trying to build a habit. I do however have some cash which I am saving to build up on my equity holdings if and when the market corrects. So, the question is where do I park this money? Liquid funds, debt funds, FDs? I would ideally want to put it in an instrument which isn't affected much by equity markets and I can also leave the money in it even for long term if the market doesn't correct. +Hey guys I’ve been trading for the past 2.5 years and when I tell you I can literally feel that I’m on the verge of being profitable, I’ve never been so sure of something in my life and in turn it’s messing me up. I feel like I don’t deserve to be profitable, I feel as tho all the hard work I’ve put in just doesn’t matter, there is something wrong with me and that’s the reason I’ve been losing all the trades I’ve took in the last 2 weeks, I’m sure of it because all the trades I’ve taken in the last two weeks I’ve had perfect entries and exist and it just doesn’t feel real and I pull out of the trade due to my psychology. Can someone please help or offer any words of encouragement ? +Right now, at 55.85% FREE FLOAT DRS, apes are literally ONLY 18.25% away from reaching this mythical number. +Just realize how far we’ve come. It’s absolutely incredible. Slowly and surely we’re moving to higher and higher numbers of DRS. IT’S NEVER BEEN DONE BEFORE. +We are LITERALLY making history by simply registering shares in OUR fucking name. +What happens at 74.1%? WE MOVE ON TO 100%! + +I don’t know about you guys but I feel fucking hyped about watching DRS move HIGHER AND HIGHER! Just wanted to move into the weekend with a bang and motivational post. I salute ALL OF YOU! + +Have a great weekend Apes! +I'm an active member of this sub, but grabbed a new account to post this, as there's a few too many personal details. This was originally written for r/airforce, so it's from a military perspective, but I figured you guys would might like to read it, too. PCS/PCSing = permanent change of station, or when we move from one base to another. BAH = basic allowance for housing. + +TL;DR: Rental real estate is a pain, but can be very lucrative if done right. Here's a whole bunch of things you might need to consider. + +EDIT: Alrighty, I'm wrong about depreciation. Depreciation is still a thing, still affects your personal income taxes, but I'm heading right back to google to correct my own information. Guys, I wrote this whole thing off the top of my head based on what I have personally learned, and I sincerely apologize, I don't mean to be handing out bad advice. Looks like I personally need to learn a whole bunch more about how depreciation recapture works. + +EDIT 2: The VA and FHA loans *can* be good options. However, YOU need to shop all of your options. Do not just assume that the VA is the best way to go. If it is the best option for you, go for it. If not, go with other financing. + +Edit 3: I'm pretty risk averse when it comes to over-leveraging. I'm never going to suggest that someone buy a house with nothing down, especially not while in the military and subject to a short notice relocation. If you do your own research and choose to buy with nothing down, that's on you. I'm still not comfortable with it. + +Alright... wall of text coming in. Take what you can and leave what's not useful. Everything written here is what I've personally learned. I'm not a realtor or a professional property manager, but have been a landlord for 6+ years and have learned a lot. Most of those lessons learned had huge price tags on them, too. I purchased my first home in 2011, our second in 2014, and our third just last year. The first two are rented out. Not everything will apply to you, but here's what I've learned along the way. Topics are written in the order that I thought of them, my apologies if it's not 100% cohesive. As of right now, I have awesome tenants in both properties, but that hasn't always been the case. My approach to real estate is to 1, protect my own investment and 2, to provide a good home to my tenants. I've made some more generous financial decisions to both of those extents, and while those decisions cut into my profits a bit, I have no regrets. + +**Purchasing your first home** + +**Should I rent or purchase?** + +Don't over buy on your first purchase. + +I say again, don't over buy. + +If the market is white hot, it's going to cool off. And you don't want to be holding the chips when that happens. You really don't have the time to sit on the house and let it recover, unless you've got money somewhere you're not talking about. 2008 took about 10 years to fully recover from and to gain back the lost appreciation (most markets, at least) and you don't have 10 years. ​ If you do a zero down VA loan and roll the closing costs into the loan, it takes, on average, the first 18 months just to pay off the closing costs. Takes about 3 more years to get down to a break-even point with seller's closing costs included, and about 5 years before you'll make money. Yes, it seems like a lot of BAH to be "throwing away", but look at the actual makeup of a newly amortized mortgage - most of your payment is going towards things other than principle. + +If you bring a down payment to the table, you've mitigated that part of your risk, but you're still exposed to lose money at the sale of the house. You've still got your purchase closing costs, which, on a $190k house are probably between $6000 and $9000, depending on your financing. Most of that is money that just evaporates. + +If you can rent for LESS than the interest/insurance/taxes part of the payment and just dump the principal part into savings/mutual funds/TSP/IRA, you'll come out ahead. Granted, that normally means renting a smaller apartment instead of living in a nice house, but it's the sacrifice we make to be financially responsible. + +Money in real estate is made 3 ways: + +1, getting a good deal on the purchase. + +2, holding the property for forever and getting the appreciation. + +3, renting it out and making a profit off of someone else. + +Normally, you want a good mix of all 3. The first takes PATIENCE when you're looking to purchase, and from what you've told me, a good deal just isn't available to purchase in Vegas right now. Strike one. Are you going to live in it long enough to ride out the bubble you see and make money when you sell? Meh, maybe not. Strike two. Do you want to landlord? If you've thought about it, scroll up and re-read again. If you're still on board, then its a consideration ​ + +Renting is buying patience. Seems like in your area, patience is what you need. There's always a house to buy in the future. + +Rents do rise and fall, but they don't rise and fall nearly as fast as real estate does in a white-hot market. Hence the 1% per month rental price as an approximation. If there's a $200,000 house that's renting for $1500 a month, and the house next door sells for $220,000, the first house likely went up 10% in value. However, your landlord isn't going to jack your rent 10% in the middle of the lease just because Zillow thinks his house is now worth what the one next door sold for. If you rent, you're protected from the competitive spikes in purchasing, and are more exposed to the long-term appreciation of pricing. Your landlord's costs of ownership are fixed (unless he's on an interest only loan, and then he's stupid), so he can offer you rent at a fixed or gradually increasing rate. He's not trying to compete with other buyers to purchase a first home like you are. + +**VA Loan** + +The VA loan... not my favorite topic. First off, you're almost always better off going with conventional financing if you've got a down payment, and no one should ever purchase a home if they don't have one. The VA loan brags about not having PMI, but the funding fee is essentially pre-paid PMI. On a conventional loan, you can request that PMI be removed once you hit 78% LTV, but there's no option to un-do the prepayment of the funding fee. + +The first time the VA loan is used, the funding fee is 2.15% of the loan. After that, it's 3.3% of the loan unless the borrower brings 5% down. (https://www.veteransunited.com/education/library/va-funding-fee/) + +The max amount of loan that the VA will insure is $453,000. You can have more than one VA loan at a time, but the two can NOT total more than that amount. With the median home price today, you're likely going to be going with conventional financing on the next house, anyway. The other option is to refinance the soon to be rental with conventional financing and re-use the VA entitlement on the new purchase, but again, I tend to shy away from VA loans all together. + +When I purchased my last home, my loan officer just assumed that I'd go with VA financing. I asked her to pull a quote for conventional and give me the break-even point. She didn't want to, but I made her do it anyway. She was shocked that, wow, I was right about my financing options. Not to brag, but she's used to checking boxes on paperwork, while I'm used to scrimping to make that precious SSgt pay last as far as possible. + +**I'm buying near a military base, it's a good market, right?** + +Ah, but buying close to base is BAD for appreciation. Because of the high turnover of military personal, there's always someone trying to sell their house. Always a lot of people, actually. This leads to high inventory and low demand. When there's high inventory, people start dropping prices to sell faster. You've seen the opposite right now in Vegas - low inventory and high demand cause a price spike. Same math, different side of the equation. + +With values depressed because of high inventory, sellers in a heavily military area will likely sell for their break-even point. If sales prices don't go up, neither does value. Neither does rents, and so BAH remains flat. BAH remains flat, and the next guy can't afford to buy your house for any more than you bought it for. It's a vicious cycle and it's common near bases. In this equation, the only people making any money are the real estate agents who have an unlimited supply of customers. + +The plus side is that you can usually get a lot of house for the money near a base. The only real way to break that cycle is to have an outside economic influence bleeding off the extra inventory. This happens when a small(ish) base is located in an area with other good paying jobs. If the only places to work in a 20 minute radius are the base and retail, tread carefully. + +**Working with a realtor** + +Realtors are real estate professionals, and I always recommend a first time buyer work with a good agent. However, keep in mind that the realtor has a vested interest in you purchasing just as much home as you can. Same thing with the bank, they WANT you to borrow as much as they can reasonably let you have. Most people will make a decision about choosing a realtor based on personality and how well they "jive" with the person, but that's the wrong answer. You want someone who no-kidding knows the local market and who can educate you. + +It's like working with a military recruiter. It's their JOB to put you in the military and that's the direction they're going to steer you. And of course the recruiter is gonna tell you all the awesome things about the military - they've reenlisted and stuck around a while. Doesn't mean it's for every applicant, and it's still the applicant's job to do their own research. Same thing with the realtor. + +Anyone can show you homes and point out how awesome a kitchen is. Anyone can give you a listing from the MLS. That's not what you want. You need someone who can no kidding educate you and be your advocate. + +Now you're faced with the decision to sell or rent after your PCS. Here's some thoughts: + +**Selling expenses** + +Look at your HUD/Closing statement from when you purchased the house, but look at the seller's side of the page. Assuming you sell the house for a similar amount as you purchased (within 10% or so), you can assume that selling closing costs will also be within about 10% of those listed on the closing statement. Normally, you can assume that 10-15% of the value of the sale will be eaten up in closing costs and realtor fees. This could vary based on the terms of your sales contract, but most buyers push the seller to pay as much as possible. So, if your home is worth $200,000, you can expect to take home $170,000 - $180,000 after closing costs. If you owe more than that, then YOU will have to write a check to the bank for the difference at closing. It you owed $185,000 on the $200,000 home, and your net was $180,000, then you pay the bank the extra $5000 to close. Decide if it's worth it to "feed" the home (more details later) month to month as a rental or if it's better to take the lump sum hit now. If you rolled your purchase closing costs into the loan, did a zero-down VA, or have not owned the home very long, look at the numbers closely. The home may have appreciated enough to cover everything, it may not have. + +**Fair rental value** + +Industry standard is 1% of the property's value each month as rent. This should (should) give you a pre-expense rate of return of 12% on your money before appreciation. However, that estimate is not accurate in every market. Work with your realtor or property manager to figure out a good price point to start at. I started a little bit high, then negotiated down to my bottom line. Price too high and you won't attract a tenant. Price too low and you'll attract the wrong kind of tenant. Factor in your own expenses, but if your expenses are high, you may have to "feed" the property (more on that later). Find out what houses near you are currently renting for, and get a good guestimate for what you could get for your home. Factor in any perks - like if the washer/dryer are included, if there's a pool, if you allow pets, etc. + +1% monthly works, sorta. In a high-rental but low-ownership neighborhood, rents may be more like 1.5% of the sale-able value. In a high value neighborhood, you're likely not going to get quite 1% as anyone who can afford $5000 a month rent on a half million dollar home will just buy the thing themselves. + +**Rental expenses** + +Here's what you need to factor in when estimating your monthly expenses: + Mortgage payment + Property tax increase (more below) + Landlord's insurance (more below) + Vacancies + Turnover cost + Repairs + HOA fees + Extras like lawn care or pool maintenance + +**Vacancies** + +Industry standard is 8-10% time vacant, or about one month a year. Factor this into the price of your rent to maintain year-round profitability. You may have a year with 20% vacancy, and then your next tenant stays for 4 years. No telling what will happen. 1 vacant month each year is a generic estimate. + +**Turnover cost** + +Regardless of how awesome your tenants are, there's going to be standard wear and tear on your property. Each turnover will require a deep clean New carpet and new paint will be required every 3-5 years, more often with kids/pets/smokers. If you're not physically able to do this work, you'll be paying out-of-pocket for a contractor to do this work, and it adds up fast (mine was $40 an hour). The longer this work takes, the longer your property is empty, and it's hard to show a house that's not in good condition. Some of the more egregious turnover problems can be taken out of the security deposit, but that could also be contested by the departing tenant. + +**Utilities during turnover** + +The property owner is responsible for turning on the utilities while the home is vacant. It's very difficult to do turnover repairs without water or electricity, and almost impossible to show a home without electricity. Usually a phone call to the local utility company to re-open the utilities in your name is all it takes, but the utility company may require you leave a deposit with them. This is something your property manager can take care of for you if you're no longer in the local area. Factor this into your cost of turnover. + +**Repairs** + +Industry standard is about 10% of the rent set aside for repairs - this number combines turnover repairs AND the day-to-day issues. This could vary widely, based on the condition of the home, price of the rent, standard of tenant, etc. The more expensive rent price attracts a more financially responsible tenant, who will either take better care of the home or be pickier about you repairing every little thing. Finding a responsible tenant who treats the property well and who does the little things themselves (I had a tenant who thought I owed him lightbulbs) will go a long way. + +**Listing fees** + +The typical realtor who's listing your property for rent will take half the first month's rent as the listing fee. Half of that remains with the listing agent, and half goes to the tenant's agent. Factor this into your price of rent. Half the first month's rent, paid once a year (estimate, with 1-year leases turning over once a year), is about 4% of the annual rent cost. This is normally in addition to monthly management fees. + +**Management fees** + +Usually 10% of the monthly rent in addition to the listing fees. Make sure you're getting your money's worth with this. If you've got a good tenant and can manage repair issues long-distance, you may only need to pay for listing fees. However, that leaves your property without an eyes-on look from someone other than a tenant, and that's not wise. Either way, find a good handyman in the area and keep them on speed dial. + +**HOAs** + +Read your HOA docs and find out exactly what you need to do to rent the property. Your HOA may require board approval of your tenant. Get that process started early. If there's strict lawn care or other appearance standards, it may be beneficial to hire a lawn care company and just include it in the price of the rent. Be sure to list HOA standards in your rental contract and leave the tenant responsible for adhering to them. HOA fees are normally included in the rent so that you guarantee that they're paid. + +In a condo situation, FHA financing regulations require a certain percentage of the complex to be owner-occupied or the complex will not be eligible for typical financing. Without the ability to get FHA financing, the units will be less sell-able, and therefore will drop in value. In an effort to preserve the sale-ability and value of the entire complex, condo HOAs will deny requests to turn an owner-occupied unit into a rental IF the complex is close to that percentage. When purchasing a condo with the intent to rent in the future, ask the HOA about this. HOAs are also responsible for the maintenance of the parking lot, exterior structure, etc, and if the finances are poorly managed, it could result in an assessment against each unit. This is yet another financial contingency you must be ready for. + +In a typical single family home neighborhood, the management of the HOA can still make-or-break the rental situation. Do your research and talk to the board. + +**Pool** + +A pool is easily $40,000+ worth of value in the home, and it's likely to your financial advantage to properly maintain it. Tenants may or may not care for it the way you would, you have to make the risk management decision. Consider hiring a pool maintenance company and include it in the price of the rent. One less thing for the tenant to worry about, and you've got the asset covered. Similar consideration should be made to AC system maintenance - just have the AC guy come once a year for a tune-up and add it to the pile of expenses. + +**Pets** + +Your call on pets. Once pets live in the house, it's going to be hard to rent to non-pet owners unless you replace all the carpet. Pets can also kill the lawn and/or landscaping. I personally have pets and have had my own pets in my homes, so I've allowed my tenants to also have pets. You can attract a tenant who's willing to pay a bit more to have a good house with a good yard for their dogs. I always charge a non-refundable pet deposit, usually $250. That money will go towards cleaning or replacing the carpets or other damages directly from the pets. + +**Landlord's insurance** + +You will need a new insurance policy on the property. A typical homeowners policy covers the home AND the contents, whereas a landlord's policy covers just the home. As the landlord's policy covers less, it's generally cheaper than the homeowners policy. However, if you had any challenges underwriting your home (pool, trampoline, closeness to the water, unpermitted work, etc) you'll have those same challenges underwriting a landlord's policy. + +**Property taxes** + +Many states have a homestead exemption for a first home that's occupied by the owner. Once you rent out your home, you will lose the homestead exemption the following tax year. You will have an escrow deficiency that year (make it up in cash) and then a higher payment after that year's escrow analysis. Homestead exemption is typically $50,000 off the assessed value, so you can guestimate by adding that much to your value and then figuring out what the new taxes should be. For my house, it's about $1100 extra a year, or just shy of $100 a month. Make sure you include this in your rent pricing, and do careful research into the property tax laws of your county. + +**Cash flow break-even rent pricing** + +Mortgage payment (including increased property taxes) , +10% management fee, + +4% annual turnover, + +10% expected repairs, + +8% vacancy, + +HOA fees, + + extras (pool, lawn). + I'm not factoring in pool or lawn expenses, as those are usually considered perks and added in afterwards. + +With a property manager: payment + 32%. Without a property manager: payment + 22%. Without a property manager and self-listing: payment + 18% + +Now, take that number, and compare it to the typical market rents of houses near you. Can you cover your expenses? Break even? Come out ahead? Will you have to "feed" your home? If so, how much? + +**Feeding the home** + +Feeding the home is when you're spending more in expenses monthly/yearly than you're making in rent. Sometimes this is due to a catastrophic repair event, sometimes this is due to market fluctuation. Sometimes this is due to over-leveraging in your financing (zero down loan) and a high interest cost. Whatever the reason, you need to make a risk calculation to decide to continue feeding the property extra money or to just cut your losses and sell the house. Here's a few ways to look at it. + +First, calculate your expected net loss at closing if you were to sell the property. Next, calculate how much you'd have to "feed" it monthly. Compare the two and find out your break even point. If you're looking at a $5,000 loss at closing, but only feeding the house $200 a month, your break even point is 25 months, or 2 years. In that 2 years, your property values can go up, your cost of ownership can go down (mostly your monthly interest cost), and market rents may increase. So, 2 years from now, calculate if it's worth it to continue keeping the property and move on from there. If you're feeding it $100 a month in contrast to a potential $20,000 loss, feeding it is likely the way to go. If you're feeding it $500 monthly while looking at a $2000 closing loss, you're probably better off to just sell it and move on. + +As you pay down the house, your equity increases and the cost of ownership decreases. Your return rates will therefore increase. If your monthly mortgage pay-off amount is around $450, but your feeding the house $200, your cash flow will show that you're losing $200 monthly, but your network has an overall gain of $250 monthly. This can be a fantastic long-term strategy, if you've got the finances and budget to sustain it in the short term. + +Catastrophic repair events happen, too, but these can increase the value of the property. For example, a new AC system may be $7000, but you'll get that money back when you sell it. Its a factor in planning, but not really a month to month expense. More on that later. + +Granted, all of these numbers are looked at before the emotional factor of personal finance is considered. If it's worth it to you to spend $200 a month to keep your dream home for 2 more years until retirement, then that's an emotional decision. A perfectly reasonable one to make, if that's what you want to do. Just factor everything in together when looking at the big picture. + +**Tenant screening** + +Obviously, selecting good tenants is key to maintaining a good rental relationship. I had tenants who ended up growing pot in my house and cost me a significant amount of money. Renting to military families is also hit or miss, I've had fantastic military families in my homes and challenging military families in my homes. Even if you list the property yourself, run a full background check and look at their financial ability to pay you. I don't pay too much attention to their credit score (unless there's a glaring problem), but do look at their ability to PAY their rent on time. + +**Managing the tenant relationship** + +There's another person living in my largest financial asset. I try my best to be open and accessible, without getting too buddy-buddy. If there's an issue with the house that falls on the landlord's responsiblity, I've tried to err on the side of the tenant. For example, the month that my tenants had to heat their house with their stove while we installed a replacement HVAC system, I covered their natural gas bill. With good tenants, the good will generally pays off quite well. + +**Income Taxes** + +You will pay income taxes on your rental profit. That's after deducting your expenses. Rental property expenses are not deducted in the same way as your primary mortgage interest - that's the difference between taking the standard deduction and itemizing. I normally take the standard deduction, as I don't have personal expenses worth itemizing. However, your rental property is treated like a small business and rental expenses will count against your rental income to get the bottom line. + +The following expenses are deductible: Insurance, interest, property taxes, utilities, listing fees, management fees, HOA fees, repairs. You can also take depreciation (more later on that.) Upgrades and capital improvements are not deductible, but can be straight-line depreciated (I've never done this myself.) If, say, the roof goes bad and you spend $10,000 on a new roof, that's deductible. If you ADD on a deck, that's considered an improvement. + +The main out-of-pocket expense that you can't deduct is the principle part of your mortgage payment, as that's not an actual expense. That money still go towards increasing your net worth by increasing your equity in the property. + +I do my own taxes every year with the $79.99 version of TurboTax and a few hours worth of research. Good record keeping during the year is essential, especially when adding up all of those Lowes receipts for repairs. + +**Depreciation** + +Oh, boy... Depreciation is the idea that an asset has a limited lifespan, and after a certain amount of time, the asset will be worth zero. The IRS allows you to take a fraction of that every year, and consider it an expense against your income. (https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp) Taking depreciation will reduce your income taxes, however, you will pay capital gains taxes on the depreciated amount when you go to sell the property. + +With long term capital gains set at 15% (for most people), chances are that you're better off taking the depreciation if your current marginal (not effective) tax rate is above 15%. There's no telling what tax rates will do in the future, though. If/when you sell the property, hopefully you'll have the cash available to pay the taxes at that time. + +Depreciation can be compared to the tax advantages of a retirement account. It's is more like the Traditional instead of the Roth, where you take the tax break now but pay for it later. + +When you sell the property (either because you wanted to or because you're dead and the estate is selling it), the capital gains taxes are paid as follows: Net of sale (market rate minus selling expenses), minus original purchase price, plus depreciation taken. + +If the house purchased for $100,000, depreciation will be around $3000 a year. Letssay, 4 years in, you've depreciated the house by $12,000. Your basis in the home is now $88,000, NOT the original $100,000. You sell it for $150,000, net $127,500 (15% of $150,000). $127,500 - $88,000 = taxable gains of $39,500 x 15% = taxes of $5925. Without depreciation, the taxable gains would have been $27,500 and taxes of $3300. + +**The emotional factor of landlording** + +My husband and I rented out our first home after we upgraded to a larger one. A few months later, he was at the home fixing a minor issue and saw how our tenant was taking care of the property. The place was dirty, smelled bad, and overall not well kept (bad tenant screening on my end). This was OUR home, the home we brought out daughter home from the hospital to, the home that we shared our wedding night in. Seeing it treated poorly by a stranger was a punch in the gut. No amount of money was worth seeing our memories misstreated like that. + +Or is it? You're going to have to decide what your emotional investment into the property is and if you can allow it to become someone else's home. This isn't a financial decision as much as it is a personal one. The personal influence can cause you to make a less than optimal financial decision concerning the property, so just keep that awareness as you make those critical decisions. + +**Internal financial management** + +Per most states' state law, rental security deposits must not be commingled with other monies. I keep a separate savings account with the security deposit and just don't touch it. Any interest that the deposit accrues is owed back to the tenant at the time that they move out. + +I have a separate checking account for my property. Rents are paid in, expenses paid out. That way, everything is in ONE location and it's easy to figure out exactly what our profit/loss is. If you're managing a property locally, get a debit card on that account for Lowes purchases. I also keep a savings account for each property for escrow and repairs. (one property is paid for, so I maintain a manual escrow account, the other is a straight emergency fund.) + +I structure my personal budget to pay my mortgages and rental expenses out of our base pay, and then use the rents to put money into retirement, savings, and my daughter's college fund. That way, if (when) there's a vacancy or a problem, I'm not coming out in the red during those months. We can at least cover our expenses on our base pay, even if there's a month or two where we don't quite get to retirement contributions. + +In addition to emergency funds set aside directly for the property, make sure you can handle the one-off catastrophic emergency. + +**Catastrophic emergency** + +Last year, I lost $22,000 in rental real estate, between rehabbing my first home, fixing up the second, recovering from crappy tenants in the second, and worse. The city hit my sewer main, said it was my fault, and I was out $10,000 in a single month. 3 years ago, the heater in my first house went out in December, and I wrote a check for $7000. I currently have $16,000 invested in 3 different sewer main re-builds under two different houses. (never, EVER again buying anything with cast iron pipes.) These things happen, and we dealt with all of this on SSgt pay. Thankfully, most of those losses have been made up over the next 1-2 years' worth of rent, but you NEED to have the cash on hand to be able to cover these types of emergencies. Good credit is also helpful - I had to borrow $10,000 once to cover turnover and repairs, but ended up coming out on top in the end. Ultimately, your rental property is likely a significant chunk of your net worth, and while it may hurt to spend ten grand on a repair issue, that's only 5% of the value of a $200,000 home. Not worth losing a whole asset over 5%. + +**The hassle factor** + +Landlording is not easy. Dealing with people, finances, local real estate markets, construction type repairs, etc. It's a package deal. Some months I spend 30 minutes on it and make a decent amount of money. Some months it's 30 hours a week and I lose money. Overall, I've done pretty well, but it's the law of averages. + +Purchasing the next home with a rental + +SOOOO... you're on the brink, ready to rent out your current house and go buy another one. Here's some things to think about: + +**Financing considerations** + +So, you've PCSed and now want to buy a new house at your next duty station. That's great, now you need to convince a loan officer to give you another mortgage for another property. + +First, you're going to have to be able to afford a second mortgage with your current debt to income ratio. If your rental mortgage is all the debt you have, you're probably in a good spot. Add in some vehicle or student loan debt, and now it doesnt look too good. + +You can use you rental income to compensate for the rental mortgage, but the bank will want to see 2 years tax returns with the income. Depending on when you converted it to a rental and what time a year you want to buy, 2 years tax returns can take closer to parts of 4 years to document. + +**Purchase conservatively** + +The bank will do all they can to max out your DTI (debt to income ratio) to earn just as much interest off of you as they can. By choosing a smaller/cheaper home for your initial or second purchases, you can reign in the budget. Think of who you're going to rent to when you PCS, and make sure you can afford to rent within BAH rates. Just because the bank says you can borrow a half million dollars on a mortgage doesn't mean you should. And if you do, you will have zero room to finance the next property. Scroll back to the top where we talked about not over-buying. + +**Leverage ratios** + +Alright, heading into the weeds here... The more you've borrowed against a property, the higher the leverage ratio. This isn't generally a problem if you're living in your own home and plan to remain there for quite some time, but it does become a factor when the bank starts looking at your suitability for the next purchase. (https://www.thebalancesmb.com/top-don-ts-in-using-real-estate-leverage-2867098) + +If you owe $90,000 on a home worth $100,000, your leverage ratio is .90, that's very high. If you owe $90,000 on a home worth $400,000, your leverage ratio is now 0.225. That's very conservative. With the same debt to income ratio, the real estate owner with the lower leverage ratio is going to be a much safer customer to the bank. You can better your leverage ratios by 1, paying down the house or 2, letting it appreciate. The first is within your control, the second is not. + +**Interest expense** + +The single greatest expense in the first year of home ownership is the purchaser's closing costs. Beyond the first year, the greatest expense on a financed property (barring an enormous catastrophic event) is the interest expense. The lower your interest expense, the higher your profit. You can lower your interest expense by 1, getting a better rate and 2, borrowing less. You can borrow less by either putting more down on the home, or by paying it down early. + +**Paying off a house early** + +So, this one is highly controversial in the landlord business. Some folks will say to borrow as much as possible against a rental property because the interest is completely tax deductible and you can leverage your cash to purchase multiple properties. It's also possible (some years) to make a better rate of return in the stock market. While both of these schools of thought have validity, it's overlooking the factor of RISK. I've personally paid off a rental property and it was one of the greatest feelings in the world. Sure, I'm not making quite as much on that money as I could, but the risk on a paid for property is much lower than with a financed property. It also doesn't count towards my DTI any more, and isn't much of a hassle factor in future property financing decisions. At a minimum, paying off the house will give you a return equal to the interest rate, minus the marginal taxes you would have paid if you had taken the deduction. However, if you achieved a greater rate of return elsewhere, you'd also owe taxes on that, at either capital gains rates or your personal marginal tax rate. + +If your goal is to churn and burn and just buy as many properties as possible, you're likely going to finance all of them as much as you can. If your goal is to retire from the military with one or two investment properties, then work towards paying them off at a reasonable rate. + +**Conventional VS creative financing** + +Creative financing is an option, but not one that most of us use. This would be something like, say, getting a loan from your uncle's IRA to buy the house, and then you pay your uncle the interest. This is do-able if you've got rich friends/family who are willing to invest in your mortgage. However, loans like this require much more documentation when you're looking at the next deal. Because banks are used to dealing with conforming loans (the fancy term for loans that fit all the rules), they may balk at a lender with a creatively financed asset in their portfolio. You'll have a greater burden of paperwork and proof to demonstrate your continued creditworthiness. + +**Rental VS Owner occupied financing** + +You can borrow money to purchase a rental, but the interest rates are usually a full or two full percentage points higher. On $100,000 borrowed, each full interest rate percentage is $1000 a year or $83 a month. Obviously, that amortizes, but that's the starting expense at month 1. + +**Refinancing a rental as a rental** + +Once the home is no longer owner occupied, it doesn't fit the criteria for owner occupied financing. A re-finance at that point (to pull cash out, clear the VA entitlement, or re-structure of payments) will likely cost that $83 per month per $100,000 borrowed. If you live in a home that will be a rental and you need to update your financing, do it before you move out. + +**Larger down payment** + +You can always entice a bank with a larger down payment. The more money you put down on the next deal, the lower their risk is. Borrowing less also raises your DTI by a smaller amount, and that can help get you approved. Coming up with a larger down payment while turning your current property AND PCSing can be challenging, so plan ahead. + +Here's another thing to think about with the down payment: Your down payment is your buffer between you and the real estate market fluctuating. If you have 5% equity in your house, and the market drops by 5%, you're basically imobile. If you have 25% equity and the market drops 5%, you're still down by that much of your net worth, but the remaining 20% equity gives you the ability to cover closing costs if you choose to sell, cover a dip in rents, etc. Better to lose money you have than money you don't. + +Let me say that again - Better to lose money you have, than money you don't. + +**Balanced portfolio** + +Guys, rental real estate isn't the whole thing. For the average homeowner, our home makes up the largest asset in our portfolio. If the house is paid for, it's probably the most significant portion of our net worth. As soon as it's rented, you now have one single asset worth a LOT of money, and all of your net worth is in the same asset class. + +Don't forget to contribute to retirement through tax advantaged accounts (IRAs, TSP, 401Ks, etc). There's been seasons in our life where we had to stop retirement contributions to get over a hump, but that should be the exception, not the norm. Do your own research if your rental property income changes the equation for you while deciding between Roth and Traditional contributions, but chances are, it shouldn't make that big of a difference. + +**Liquidity** + +This is a problem, too. $100,000 worth of home may be worth $100,000, but it's very difficult to convert a house that another family is living in, into cash. Borrowing against the property is an option, but only if your DTI can support it. Selling the property, at a minimum, will take 60 days. Maintain the amount of liquidity in your overall net worth (mine is in my emergency fund) to balance the amount that's non-liquid. Your personal liquidity needs are dependent on your financial situation and your risk tolerance, but it is a factor to consider. + +If I missed anything... ask, and I'll find an answer. Hope this is helpful to someone here. + +I would like to summarize/highlight some of Gensler's prepared testimony for tomorrow in front of Congress 🚀🚀🚀🚀🚀 + +He is confirming some of the great DD here about Dark Pools: + +***" January’s events bring new light to equity market structure. Today, our markets essentially have three different segments. While the public generally thinks of the markets as public exchanges like Nasdaq and New York Stock Exchange, those big public markets had about 53 percent of the volume in January, according to public data. 5 So where’s the other 47 percent? About 9 percent of January’s volume was executed at alternative trading systems. These alternative trading systems, commonly known as dark pools, emerged following the 1998 Regulation ATS rules, taking advantage of then-new advances in the internet and communications technologies. That leaves about 38 percent, the majority of which was executed by off-exchange wholesalers, a group that of firms that have been taking a growing share of trading volume. As publicly available data on reported trades show, just seven wholesalers made up the vast majority of this 38 percent. One firm, Citadel Securities, has publicly stated that it executes about 47 percent of all retail volume.6 In January, two firms executed more volume than all but one exchange, Nasdaq."*** + +Holy Shit! 47% of trades not performed on the market. And of course our buddy Kenny handling 47% of retails trades, to his benefit no doubt. + +Short Sellers, they are gonna get this data locked down (and hopefully some locked up) (Also later he talks about swaps and they are trying to address): + +***"At the center of January’s market events was significant short selling of a number of the meme stocks. While FINRA and the exchanges currently publish or make available certain short sale data, Congress directed the SEC under the Dodd-Frank Act to publish rules on monthly aggregate short sale disclosures. In addition, Dodd-Frank provided authority to the SEC to increase transparency in the stock loan market. I’ve directed SEC staff to prepare recommendations for the Commission’s consideration on these issues."*** + +&#x200B; + +Reddit and other sites: + +***"To be clear, I’m not concerned about regular investors exercising their free speech online. I am more concerned about bad actors potentially taking advantage of influential platforms."*** + +and how they are watching us (Which we already knew): + +***"Furthermore, it’s no longer just retail investors or even humans who are following these online conversations, but institutional investors and their algorithms. Developments in machine learning, data analytics, and natural language processing have allowed sophisticated investors to monitor various forms of public communication to see relationships between words and prices. This practice, called sentiment analysis, has picked up steam in the last couple of years, and it has grown to include online communities. With that comes the risk that nefarious actors may try to send signals to manipulate the market. This is an area for which we will continue to deepen our understanding, resources, and capabilities. "*** + +&#x200B; + +Robin the hood: (didn't have enough money) + +***"In January, the rapidly changing prices, high volatility, and significant trading volume of the meme stocks prompted larger-than-usual central clearing margin calls on broker-dealers. Some of those broker-dealers, such as Robinhood, scrambled to secure new funding to post the required margin. A number of brokers chose to restrict additional buying activity by their customers in a variety of the meme stocks."*** + +System wide Risks (aka Melvin): + +***"Whenever there are major market events, it’s a good idea to consider what risks they might have placed on the entire financial system, even when the system holds. I’d like to highlight a few areas: First, at least one firm didn’t have sufficient liquidity to meet margin calls and had to fundraise within hours to meet $1 billion-plus obligations, and several brokers chose to shut down customer access to trading. While these liquidity challenges faced by brokers didn’t cascade to the rest of the economy, they did, unfortunately, affect many investors’ ability to trade."*** + +TL:DR Gensler's testimony shows me that the SEC is moving in the right direction to curb the problems that this and other communities is pointing out with great DD. My opinion only, not Financial advice. + +&#x200B; + +[https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf](https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf) +I'm 23, an autistic adult, and I live alone. A few months I had to leave an abusive household to move out on my own and it's been really challenging. Today I had to sell my only guitar (my baby) to pay off some debts that I owe. My parents make a lot of money but are deeply in debt so they aren't able to help out - but even if they could, they wouldn't, because they stopped supporting me around the same time I came out as trans around a year ago. +I live in a college town and it's so frustrating seeing all these people my age whose parents are paying for their degrees, their apartments, sending them surprise gifts in the mail. Being poor makes me feel so ashamed of myself, even if I know it's a feat in itself that I'm able to do all this with a disability and no family support. I guess I just envy people whose parents support them both financially and emotionally. It's so hard to not feel like a failure when it seems like the whole system is working against me. +This is really just a vent, but virtual hugs are always appreciated. Hope everyone's having an okay day today. +https://nvidianews.nvidia.com/news/nvidia-announces-cpu-for-giant-ai-and-high-performance-computing-workloads + +“NVIDIA today announced its first data center CPU, an Arm-based processor that will deliver 10x the performance of today’s fastest servers on the most complex AI and high performance computing workloads. + +The result of more than 10,000 engineering years of work, the NVIDIA Grace™ CPU is designed to address the computing requirements for the world’s most advanced applications — including natural language processing, recommender systems and AI supercomputing — that analyze enormous datasets requiring both ultra-fast compute performance and massive memory. It combines energy-efficient Arm CPU cores with an innovative low-power memory subsystem to deliver high performance with great efficiency. + +“Leading-edge AI and data science are pushing today’s computer architecture beyond its limits – processing unthinkable amounts of data,” said Jensen Huang, founder and CEO of NVIDIA. “Using licensed Arm IP, NVIDIA has designed Grace as a CPU specifically for giant-scale AI and HPC. Coupled with the GPU and DPU, Grace gives us the third foundational technology for computing, and the ability to re-architect the data center to advance AI. NVIDIA is now a three-chip company.” + +Shares up 4% on the news wonder what that means for the ARM deal + +Edit: https://www.globenewswire.com/news-release/2021/04/12/2208550/0/en/NVIDIA-Announces-First-Quarter-Fiscal-2022-Revenue-Tracking-Above-Outlook.html + +Raised guidance too wow +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! + +It is a sound investment principle for an investor to build a few rules called the avoidance rules . I have only one . I do not invest in PSU / Promoter Entities + +Any small retail investor should have a few arbitrary rules or heuristics . Here is the beauty of avoidance rules , they are not in place to make you a profit , they are in place to safeguard your capital . + +For those who believe rules need to be banded by backtest and logic , here is the funny thing , rationality has bounds it is limited . To be human is not to be fully rational . + +Walking under a ladder may have a .000000001 % probability of falling under your head but hey it’s your head . Ergo the old adages, don’t walk under a ladder . Don’t stand behind or in front of a horse . + +If the continuing saga of IRCTC is any lesson , that rule made after the UTI fiasco is still working beautifully after 20 years . +"Ethereum is also going to be optionally quantum-proof with EIP 86 and Casper, because it will support any signature algorithm that the user wants to use." + +"More languages will come. Viper, Bamboo, LLL, etc. And Solidity itself will continue getting better." + +https://answers.thenextweb.com/s/vitalik-buterin-13gxQB +I haven't kept tabs on the market recently but last I remember prices were just going up, up, up and there was no supply anywhere. I'm wondering if we might see the real estate market do what the stock market has been doing. Or maybe it already has been and I'm out of the loop? + +How is your market doing? +I've been trying to research realistic returns for day traders and the results seem to vary drastically. I'm new to trading but decent at programming and I built a trading bot that is returning 18.7%, on average, over the last 12 years. I'm using the stocks in the S&P to backtest and I have backtested about 22,000 trades over the last 12 years. I beat the S&P 10 out of the 12 years and my overall returns also beat the S&P. My best year had about 40% returns and my worst had 2% returns (S&P was negative that year). Anyway, I see people on YouTube getting 100%+ returns per year. Is this realistic? Is 18.7% worth it when accounting for taxes? +I have seen the asset allocation ETFs VGRO/IGRO and VEQT/IEQT be widely +recommended for long term investing. The Canadian Couch Potato blog made some projected returns for asset allocation ETFs +([here](https://cdn.canadiancouchpotato.com/wp-content/uploads/2021/02/CCP-Model-Portfolios-ETFs-iShares-Dec2020.pdf)) and +it has, for example, estimated XGRO at 7.23% annualized return over 25 years. This is 3% +worse than an ETF that exactly tracks the S&P500, which has had an average growth of about 10% for the past 50 years. + +So if your time horizons are long enough to be investing in XGRO, shouldn't you +just invest in an ETF that tracks S&P500 or TSX60 or some other market index? +What is the point of the growth asset allocation ETFs? +Folks be careful with DLC, lots of people in this sub myself included have received DMs from bot accounts pumping and promoting DLC. I am very sus that this is being operated by a pump/dump group there seems to be money behind it. There are literally hundreds of these accounts, i tried interacting with some of them and they have very similar responses (e.g when confronted why DLC their response "I just like lose money, its fun HAHA") + +They are also trying really hard to meme DLC by creating posts with dildo memes and every non-dlc post you'll see a random reply about DLC from sus accounts. This appears to be coordinated rather than legit members + +They are trying to make the whole "HAHA Dildo company now doing mining HAHA" meme a thing + +Don't fall for it and do not participate, i'm all for having fun and making money but don't be part of a pump/dump group who will profit big from your losses. Keep your eyes open and you will observe and understand exactly what I mean +WEARY TRAVELER, GREETINGS! + +It is I, your potion vendor! 🧙🏻‍♂️ My customers have recently inquired about my potent brews and their recipes! No sane potion seller would disclose their ingredients! Begone! + +Oh I kid with you, of course you can learn about my brews, in fact let me chug this new potion I have, a Potion of Foresight! It will be my first taste! Be sure to put me out of my misery if things turn bad... GLUG...!! + +What did he take? Healing Potion Token is the cryptocurrency for the Healing Potion Project on the Binance Smart Chain Network. + +Tokenized "Moonshot" projects across the BSC Network are being manufactured daily, some legitimate operations, others... malicious intent. Sadly it is now more common than ever that fraudulent developers are launching the latter with the intention of scamming or abandoning projects for financial gain at the cost of others. Realistically these types of "moonshot" projects will continue to become more and more popular driven by the viral success of projects such as Safemoon & Elongate. The Healing Potion project has been created to offer tools to assist the "Moonshot" community identify legitimate projects from the fraudulent. + +&#x200B; + +Why Healing Potion? Because it's time to regen those degen losses! + +Like many others in the moonshot cryptocurrency community space our team have been victim to scams, honeypots, rug pulls and developers abandoning projects. We also found that projects that were mildly successful lacked experienced commercial leadership, generally resulting in a decline in community support and overall failure of the project. These types of results were unsatisfactory for investors and detrimental to the cryptocurrency community as a whole. The common perspective of the Binance Smart Chain is starting to build a negative reputation due to the number of fraudulent projects and developers listing projects on this network. + +&#x200B; + +We decided that something needed to be done. + +The culture and community attached to the Binance Smart Chain network deserved a legitimate, driven, structured project for people to take part in and build wealth and security as a community. A unified project that can : + +🧙🏻‍♂️Establish a fun Fantasy NFT powered community. Proceeds donated to arthouses or charities. + +🧙🏻‍♂️Seek to provide verified insight and information about upcoming "Moonshot" projects. What projects are legitimate and what are scams as reported by the community. + +🧙🏻‍♂️Establish an user friendly research platform via charting tools "Brewlab" + +🧙🏻‍♂️Provide a platform for legitimate developers to reach their target audience. + +🧙🏻‍♂️Seek to educate new individuals entering the DEFI "Moonshot" space. + +🧙🏻‍♂️Offer a one stop shop platform world first multidex which will combine currency DEX and a NFT marketplace by the name of the "Cauldon." + +🧙🏻‍♂️Launch a funding platform for production houses. The world needs as much creativity as possible! + +&#x200B; + + 7% OF EACH TX DISTRIBUTED +BACK TO HOLDERS (why would you sell) +5% GOES STRAIGHT TO LIQUIDITY + +🧚🏼‍♀️Contract renounced +🧚🏼‍♀️Liquidity locked FOR 4 YEARS +🧚🏼‍♀️Stealth Launch +🧚🏼‍♀️ Less than 1000 holders easy 20x from here +🧚🏼‍♀️Devs staying with project ! +🧚🏼‍♀️Under $1M MC +🧚🏼‍♀️less than 6 days old! +🧚🏼‍♀️ Max Supply: 1,000,000,000,000,000 $HPPOT +🧚🏼‍♀️30% Burnt to dead address +🧚🏼‍♀️WEBSITE: [healingpot.info](https://healingpot.info/) +🧚🏼‍♀️TWITTER: [https://twitter.com/FinancePotion](https://twitter.com/FinancePotion) +🧚🏼‍♀️TELEGRAM: [https://t.me/healingpot](https://t.me/healingpot) +🧚🏼‍♀️ Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc974be717f52dcc701fe50fad36d163b1e9a3a82](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc974be717f52dcc701fe50fad36d163b1e9a3a82) + +&#x200B; + +The team behind Healing Potion project have real world commercial and entrepreneurial experience to guide this project and community in the successful direction it deserves. The development team are here to support the community the development and future of the Healing Potion project through each leg up of its development. + + 🧙 Join us on one of the most epic journeys of the year! +We look forward to seeing you soon 🧪 🌝 +I’ll go first. I was much more financially successful in my early 20s. There was a period of time I was without a washer and dryer. After my first big check I went to Home Depot and purchased their top-of-the-line washer and dryer units cash. + +In the years since I’ve carted those suckers from apartment to apartment. I can barely afford to scrounge to buy a few new outfits a year at the thrift shop but damn it if I’m no longer paying a laundromat. I’ve been told a few times I could get a good price for them and use the money to furnish my house or put into savings but I refuse! + +Sometimes i feel like we get caught in this scarcity mindset society brainwashes us into believing because we are poor we don’t deserve anything nice at all. I call BS. I deserve my Tide Detergent and Luxury W&D. +**If anyone is still listening, I have been banned. Send help/PM me.** + +(Throwaway account). **This is a troll post. My apologies. Very immature of me.to try to entertain myself this way and I expected everyone to call me out. To be fair, I know.people in nearly this exactly situation but still I'm an idiot and feel bad about it.** + +32M, ETF wholesaler in a MCOL market, $450k total comp. NW: $800k. Work at most 15-20 hrs a week (with Covid, limited/no travel, so essentially just take a few Zoom meetings per day that my internals set up). Home value is $600k, 5000 sqft house, beautiful property. Typical day Mon-Thurs: 7am wake up/workout 8am admin 9-12pm calls 1pm done for the day. Fri-Sun: off. Previously was working 60-70 hrs/week + overnight travel. Unusually good gig right now. + +Growth potential: director of wholesaling group, TC $800k, higher stress, at least 2-3x hours. SVP in major markets (would require a move) with 15+ yrs/experience up to $2M. + +Thanks. +$StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. We are becoming much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. Don't you think Tesla workers deserve a union and fair wages before Doge holders get kickbacks? + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +Updates: + +StopElon has been completely rebranded with new a logo, telegram stickers, and an whole new website. + +The team has announced that tomorrow there will be a huge reveal. Something has been cooking and it is time. + +News is completely going crazy again. Elon is in heat with SEC. As shown on CNBC, WSJ, CNN, and more. Also, we are back in the headlines! Firstly, Forbes Mexico/Columbia/Central America. Then News Au, Hlb be, Laptopmag, and Nzherald. As always, fascinating how word wide this movement is. + +Stopelon team announced upcoming NFTs, merch, and a event on June 6th 12pm at Tesla factories in Fremont, California. This event will have shirts, signs, and more! Also, the team hinted at a Stopelon wrapped Tesla! + +When it comes to progress on the actual goal, a core team member, Devacor, has made great progress. After talking to a lot of people regarding legal advise, we are looking to create a voting trust. This voting trust can have shares added to it, and many members have already pledged to add the first shares. Meaning, that we are making our first steps towards Tesla’s HQ. + +We have continued to gain holders, now at 21,650+ and total transactions have now surpassed 60,000 + +Another Fantastic live audio Q/A with the team today. Very detailed answers and developers really proved they know what they are doing. Could not have gone better. Was recorded, pinned in the telegram, and 2 hours long. + +The team has been in talks with many different exchanges as well. They say they can’t say much (a great sign) but they do admit they have narrowed it down! I’m getting excited! + +Contract audit from Techrate is completed and passed with flying colors! + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $14M+ Marketcap 21,650+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON_BSC) / Twitter + +📱English Telegram (@StopElon_BSC) + +🌐 Website: www.StopElon.space + +📈Chart: https://charts.bogged.finance/? Ok token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +🥞 Buy (v2, slippage 12%, 0,1% max) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d +From the article: + +> HONG KONG - China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. +Some bondholders said they did not receive coupon payments totalling US$148 million on Evergrande's April 2022, April 2023 and April 2024 notes due by 0400 GMT on Tuesday, following two other payments it missed in September. + +> That puts investors at risk of large losses at the end of 30-day grace periods as the developer wrestles with more than $300 billion in liabilities. + +https://www.ctvnews.ca/business/evergrande-misses-3rd-round-of-bond-coupon-payments-intensifying-contagion-fears-1.5619501 + +It still remains unclear how much contagion will actually come out of the missed payments, if any. The article also notes "A total of $101.2 billion bonds issued by Chinese developers will be due in the next year" which might be a bigger problem if other developers default as well. +Seriously, how is anyone supposed to trust world markets, individual or revered bank, or billionaire when your nickel trade spikes, or your stock long beats the shorts, and they just turn off the machine? + +This is a fucking scam by the ‘Market Makers’…across all markets. + +Either they’re like Robinhood and they’re a scam to begin with and don’t have the collateral to back up their stated liquidity, or they’re like citadel rife with conflicts of interest. And holding short bags. Crypto or stock. I’m starting to think coinbase et al never bought anyones bitcoin, they just gave IOUs, and profited…and that’s why they can’t pay up now when you sell. + +It’s the same principle as DRS… + +Defi is the way. +Think about how a lot of big business and government work by burying information in massive documents or long terms of service so that everyday people just give up reading it in detail because they don't have time. + +Every quarter when the documents are published by GME they are looked over with a magnifying glass for any detail that could tip the hand of the company and the impending MOASS. The speed and collaboration that this is achieved by this dedicated group of apes is nother short of astonishing. + +It gets me thinking these huge government bills that include thousands of pages should also go through a similar process. Have a group of individuals like Reddit that have a short window of time to review the information before final judgement can be issued. + +It's going to be fun to watch you apes do what you do. +Why does an e-commerce store feel the need to go into brick and mortar retail? + + + + +[link](http://www.moneycontrol.com/news/business/amazon-acquires-49-stake-in-future-retail-via-promoter-entity-4363891.html) +I don’t know much about real-estate and the legality of transferring ownership on property (live in Texas). My dad is pressuring me to transfer ownership of our old house that is paid off rented out to tenants. I think his main goal is to free up his assets so that he can receive maximum benefits from the government when he retires (this January). Anyways, this sounds shady to me and even though I know nothing about assets, my gut is telling me that it can really put me into trouble in the future. My question is, will this cause me more harm (less tax breaks/legal troubles) or good (having assets under my name) in the future? +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). +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). +Lads can someone please please explain to me how the fuck brainchip company has a market cap of around 2 billion now?! I haven't reviewed their financials yet but am of the understanding their actual revenue is still extremely low, and future revenue streams will also still be super low even if these new agreements come to fruition. WTF is going on here!? My guess is another full pump to maybe 1.50 and then crash back to 0.50 cents mainly due to fomo and stupidity. Please +With very similar yields and total returns, and given that SPY is more diversified, isn't it the better bet? I know SPY has a higher management fee, so is the assumption just that SPY doesn't have enough additional upside compared to VOO to justify the extra fees? + +Edit: Too many comments to respond to individually but this has been really helpful. Thanks all. +https://www.marketwatch.com/story/investors-have-51-trillion-hiding-out-in-the-shares-of-five-companies-which-will-be-tested-this-week-2020-04-27 + +Apple, Amazon, Microsoft, Alphabet and Facebook are about to report earnings. Investors’ expectations are high. More important than the earnings will be what the companies say about the future. I will be carefully listening to the conference calls. It is important for investors to remember that CEOs are highly incentivized to keep their stock prices high. +I've been lurking this sub for a few months and been sniping off premium here and there with CSPs. I had mostly been a call/put buyer since August 2020 to slowly grow my capital. Now after GME (got a bit too greedy but still made a crazy windfall), I found myself with a nice stack of cash where now I can focus more on thetagang. I used to be a WSBer until 2 days ago when it was apparent that GME is in full dump phase and the remainder of that sub are now cultists. + +I'm currently playing CRSR for their ER. Always have been a PLTR bull (in since $17) and playing CSPs on that. + +What other tickers do you guys recommend? What's your method of stock discovery? +I bought all the crypto in Robinhood. +I found it to be too volatile for me. +My friend made a lot of money on Bitcoin. But I lost money. +Put it in monthly dividend stocks. +I like the monthly returns to reinvest. +Less stressful than crypto and more fun. +BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they’re likely to get worse. + +Mass bankruptcies, empty planes, cautious consumers and an increase in the corporate tax rate to as high as 29% were part of a vision Fink sketched out on a call this week. The message from the leader of the world’s biggest asset manager contrasts with the ebullient tones of a stock market that has snapped back from recent lows. + + +Even among Wall Street luminaries, Fink speaks with particular clout. He has been advising President Donald Trump on how to navigate the effects of the coronavirus pandemic. And BlackRock is playing a key role in the Federal Reserve’s efforts to stabilize markets, helping the central bank buy billions of dollars in assets. + +Fink said on the call with clients of a wealth advisory firm that bankers have told him they expect a cascade of bankruptcies to hit the American economy, and he wondered if the Fed needed to do more to provide support, according to a person with knowledge of the remarks. + +A BlackRock spokesman declined to comment. + +Even as the U.S. is plunged into deepening economic gloom, it will have to raise taxes to pay for emergency efforts to rescue sectors grappling with a difficult recovery, he warned on the call. + +Among his predictions: lifting the 21% corporate rate signed into law as part of 2017’s tax overhaul to about 28% or 29% next year, according to the person. Fink also said he sees tax rates for individuals going up. + +Read more: BlackRock Takes Center Stage With Trump Seeking Calm Markets + +​Raising taxes would water down the biggest legislative achievement of Trump’s time in office, when he and a Republican-controlled Congress drove through the most significant changes to the tax code in decades. + +Lower corporate rates juiced profits and showered cash on shareholders through increased dividends and stock buybacks. Now, at a time when many taxpayers are less able to bear the burden of higher taxes, the government may be forced to extract a larger share of companies’ and individuals’ income. + +The spread of the coronavirus, and measures taken to mitigate it, slammed the brakes on the economy. While Trump pushes to reopen commerce and his officials predict a rapid rebound, public health experts and some economists are skeptical the crisis will soon be over. + +Politicians, business leaders and economists are beginning to confront the risks of a limited federal response that might speed up the demise of smaller companies and wreck state and municipal finances that pay for schools, law enforcement and infrastructure. + +Read more: From Houston to New York, America’s muni finances are in tatters + +That won’t be the only strain on companies. Many may have to operate with only about half their staff in the office for more than a year, according to Fink. Across white-collar industries, millions are working remotely from home. It would be hard to see a complete return without mass availability of rapid testing, he said. + +There’s a risk that the U.S. outbreak will be severe enough to leave a long-lasting impact on the American psyche, undermining Americans’ willingness to take public transport or fly, according to Fink. He said he’s not aware of any of his CEO peers planning international travel this year. + +Underscoring the point, this week home-sharing leader Airbnb Inc. and ride-hailing firm Uber Technologies Inc. announced plans for mass layoffs as they wrestle with falling demand and dimmed prospects for the rest of the year. + +Read more: Gig Economy Companies Are Facing Twin Crises + +Many of the U.S.’s 30 million small businesses have struggled to get the relief they need. If the crisis continues, about 25% of those companies could close permanently before year-end, according to an April report released by Main Street America, a network comprising approximately 300,000 small businesses. + +Restaurants that typically operate with thin margins will struggle to survive as they plot out ways to lure back customers with social-distancing measures in place, Fink said. + +Fink also said he was concerned the worsening economic duress could further fan the flames of nationalism. The devastating impact from the coronavirus could make it a bigger threat to the global order, he said. + +https://www.bloomberg.com/news/articles/2020-05-06/fink-delivers-grim-outlook-with-tax-hikes-for-corporate-america?sref=s0L1qQ1H +Hello All, + +I am reaching out to the community with simple ideas that the average person can do to improve on a rental property during this crisis we are going through. I have always been a super conservative investor with my slow-vest method of buying a distressed property, fix it up as a rental, rent it out and use as much income as I can to pay off the property before I place myself in debt. Typically I just refinance my personal home with a loan large enough for the purchase of the property, then fix the property, place it up for rent and use the income streams to pay down my own property since I was informed i would benefit the most on taxes this way in the context of having paid off rentals. + +Currently, I am up to 5 properties and 4 of the 5 properties notified me and didn't pay rent on April 1st and the 5th paid rent. + +I have talked to the 4 renters and have been thinking of creative ways to gain from this situation without forcing this into a negative event, so they all have agreed to start with pressure washing the properties, so I have dropped my pressure washer off and 3 of the 4 have been completely cleaned by the renters in agreement for part of the rent owed removed and the 4th property I dropped off the pressure washer this morning for the renters to get started. I am planning to purchase paint tomorrow to give to the renters to start painting the outside of the properties, but i am curious what other ideas i can come up with to improve on the properties that an average person can perform in a reasonable fashion. The insides of the properties were recently completely remodeled after purchase, so most of the inside is fresh and not needing attention. + +what are some creative ideas that yall can come up with that I may use? So far the renters have been completely down for ideas to offset the unpaid rent since they are super bored being stuck at home and it gives them something to do. so it has been hugely positive. +What are you all doing re energy contracts if up for renewal - are you staying on variable for a while after your fixed one expires and risking it, or going fixed at these ridiculous rates for some certainty? We are stuck with EDF either way due to a boring admin reason to do with our address that we can't seem to overcome. + +This is a 4 bed house with 5 of us here most of the time, lots of washing machine runs and oven on daily etc - obvs will also be doing everything more we can to cut usage either way. +DOCPLUS TOKEN + +Ever wondered what was going on with all your health records, now you can track it in with the blockchain network offered by DocPlus. The token will power the transfer of information and addition of new health information added via your medical visits through a transaction that will be only visible by you as the owner. This will create transparency across insurance partners and other medical offices. The project is already in development and will utilize the DocPlus Token once released. + +Do not miss out on this opportunity, the next disruption to healthcare. The team includes doctors and medical professionals, two dedicated developers, and one community leader that will drive this to success. They will be sharing more info on the system that is being built in the next couple of days. + + +Upcoming Listings: + +CoinGecko +CoinMarketCap +WhiteBit +Coinhunt.cc +CoinBase Exchange + +Liquidity Pool & Ownership + +The liquidity pool has been locked, so no rugpulls can occur, +The Ownership has also been renounced. All necessary links can be found below. + +🐥Telegram: (https://t.me/DocPlusToken) + +Locked Liquidity: https://bscscan.com/tx/0xf90784d46c3bef1241685c2536335cd373fc98e3387cb63d0517ecce81dc4efc + +Renounced Ownership: https://bscscan.com/tx/0x4638cbf40c5a5f887ea5e1c6cbc3fec4b5a651b1fb1e8d46eb273d0d6066d3a1 + +🌐 Website: (https://docplus-token.com/) + +📑 Contract: 0x01813d861c8b1ca3bc29e78594ad77a3cff69f99 + +🍰PancakeSwap: (https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01813d861c8b1ca3bc29e78594ad77 +First of all, I am done with this subreddit. It’s really nothing more than a fever dream of trying get to a coin that’s going to make it big — obviously, this is the name. I think money chasing is a huge problem, and I have become quite addicted to finding a new token/coin that’s going to take off. Most of you are probably like me, I’ve got kids and all that, and I have spent noticeable time away from them looking for good projects to back. I’m done wasting my time. + +Second, DO NOT PROMOTE OR PARTICIPATE IN PUMP AND DUMP COINS. Promote coins with actual use cases and spare yourself the trouble. This is exactly why John McAfee is sitting in prison because he used his status to get people to buy coins and did not financially disclose his positions. Even if you’re a nobody, don’t promote pump and dumps. + +Making money isn’t worth paying your dues elsewhere. I have gotten out of all my deflationary/farming/yield coins and I think you should too. This subreddit has grown to be nothing more than shilling scam coins so my advice from someone who has been in crypto for a few years is: **Don’t ruin your life for money and obviously do not promote or participate in illegal activity** +We are anticipating buying a house in the next 6 months pending a job location transfer. I have about 60k in stocks I’ve invested in over the years and about 30k in a savings account. I’d like to leave at least 10k in savings for expenses, but it just feels weird selling my investments that I’ve spent so long building. Is it normal for people to sell off their stocks for big purchases like a house? My stocks would be the only way I could money on a down payment so I guess it’s my only option? Just looking for your past experience and things you wish you did/didn’t do when buying a house for the first time. Thanks! + +Edit: We are moving back to an area we know very well and are certain we want to buy a house. + + +After having an accident in our old car we wanted a new one on finance, but due to our poor credit we opted for one of these poor credit car specialists. After a few back and forth checks, including the finance company using 'credit kudos' so they had access to everything financially, we eventually got accepted for a loan of 10k, but with interest the car we chose ended up being 13,400 overall after 5 years. The first thing the specialists say on the phone is 'we deal with affordability over credit'. + +We pick up the car, have it for 10 days, life is good then all of a sudden a recovery truck is following the other half, picking up our 2 year old from nursery and 5 year old from school. The driver says he has to take the car or he will perform a citizens arrest and get police assistance if she doesn't cooperate, confused with what's happening and the chaos of the children she handed him the keys and he loads our brand new car onto the truck. The driver rings his office who doesn't understand the situation so then rings the company providing us with the car finance, who says they have completed further credit checks and state we shouldn't of been given the loan in the first place. They was aggressive over the phone and belittling us and told the driver not to take my partner home, with now a 5 year old, 2 year old, 2 car seats amongst everything else in the car. + +She gets home and rings the car finance company and they say they have missed something on their end and she never got credit checked properly, yet before we even had the car they must of done 3 or 4 checks. They then proceed with what will happen going forward, and this is where it gets even better. What they have said is that we have to pay the full car value, plus admin fees, plus cancellation fees, and half of what the car brings at auction, totalling as it stands, £20,930. If we cant afford the car why are they making us pay almost double? In the original contract we signed with the credit agreement it even mentions we have the right to withdraw from the agreement within 14 days... we've had the car 10? I'm so in shock with what's happening and just need advice, we've talked to citizens advice but because it's the weekend, we aren't hearing much and we are just panicking. + +Thanks for taking your time to read this post. + +*edit* +Thank you for all your responses. We got the car through carfinance247 who passed us onto one of their lenders, will mentioning the lenders name cause me any implications? On the phone yesterday we asked for everything that has been said to be putting into an email, the response we was met with was they had to get their manager to write it up, we are still waiting for this email to come so we can pass it forward to citizens advice. +The question often pops up on FIRE forums. I think the reason people are so interested in the question is because it implies that FIRE (or at least the kind of FIRE most people are practically pursuing now) is unsustainable. As much as we advocate for the virtues of financial independence, if everyone actually followed the advice of living well within ones means then it wouldn't work for anyone. It frames financial independence as a zero-sum game where for every winner there must be a loser. Or at least that's the concern. + +It seems that at least some economists are saying that the current stock market conditions aren't the result of irrational panic but due to a real decrease in demand for non-essential goods and services. Some estimate that as much as [40% of our economy](https://www.newyorker.com/news/our-columnists/the-coronavirus-calls-for-wartime-economic-thinking) is based on discretionary consumption. Consumption for which demand is currently plummeting. + +So does this finally lay to rest any doubts about whether FIRE is possible theoretically for everyone (or, at the very least, possible at anywhere close to the same rate)? +See the edits at the end if you want to follow a trail of DDs that leads us here. + +This is just a theory. But we know that Citadel has been hiding FTDs in some kind of married put shenanigans, so maybe they have a way to use these shell companies to hide an even greater short position than we can even tell from their activity alone. + +Look how Melvin hid their positions for two months by asking for a secret filing even when they knew they wouldn't get one. It's just a way to delay reporting for two months. + +Well, if reporting happens every three months but can be delayed up to two more months, then you can hide new short positions for almost half a year by opening these married puts right after reporting dates. Maybe you can hide them even longer or more deeply by using foreign registered companies, but I don't know the reporting laws and such. I just know that lawyers can keep things in limbo for a long time, especially when dealing internationally. + +I don't have all the options data, but maybe someone like u/eastrod or u/dejf2 that's worked with it can put some dates together. If we look at those weird put buys as coming from shell companies rather than one of the known ones, where do they line up against regulatory filing dates? + +This combined with the recent discovery that short interest is unlimited in the U.K. (Luxembourg too?) makes me think this is how Citadel has been avoiding margin call all this time. They don't technically own the puts and naked shorts that have been pouring in since March, even though they almost certainly do once the pieces are put together. + +If this is the play, then Citadel will try to avoid its own heat death by toppling all of these "new" funds first to shake paperhands. Even better, Citadel won't even be on the hook if we DO paperhand...they'll just liquidate the shell companies and Citadel will survive. + +**Oh, and remember last week when all that "we won't sell until HFs are liquidated!" FUD came about?** These are the HFs they want you to see. + +FUCK THAT. WE AREN'T SELLING. + +This is the play. They tried to condition us to sell once "hedge funds" start falling, but we won't sell until a certain hedge fund is liquidated. + +We got you Kenny. + +P.S. They probably think they are clever calling their shell company Glacier, you know, "the tip of the iceberg" lol + +**EDIT 1:** u/JJ_Shosky and u/ThePwnter added this article from Reuters about how Lux is a criminal haven for global markets (my words not Reuters): [https://www.reuters.com/article/us-luxembourg-report-idUSKBN2A81NP](https://www.reuters.com/article/us-luxembourg-report-idUSKBN2A81NP) + +\-- + +**EDIT 2:** from u/eastrod + +[https://www.reddit.com/r/DDintoGME/comments/n1p0j1/reported\_short\_interest\_is\_still\_being/](https://www.reddit.com/r/DDintoGME/comments/n1p0j1/reported_short_interest_is_still_being/) + +"The method for creating phantom (naked) shares goes as follows: + +* Hedge fund (Melvin) buys a put (or 1.09 million puts) +* Market Maker (Shitadel) sells that put and is legally entitled to create and sell 100 phantom shares (or 109 million phantom shares) to hedge the put(s) they just wrote to remain neutral on the trade +* Hedge fund then sells that put back to the Market Maker except the Market Maker doesn’t buy back the phantom shares leaving them net short on the stock and having pocketed the cash for the phantom shares that they did not need a borrow for + +Now this is where I snorted a couple of the fat crayons and had a brand new wrinkle form inside my otherwise smooth brain: + +**The market maker could be using the method above (selling puts and then buying them back for the same price) as an excuse to create new phantom shares and then selling them to the short hedge funds - the ones trying to hide fuck tons of FTD’s. This makes the short hedge funds look like they bought shares to clear their FTD’s and then the hedge funds sell the share right back to the MM for the same price to create a neutral (net $0) trade while resetting the FTD countdown, essentially kicking the can down the road a little further and hiding 109 million shares of their short position from being reported as FTD’s."** + +Now replace Melvin with "Glacier" and other shell companies. We always wondered who was buying these puts and why, now we know! + +\-- + +**EDIT 3:** u/dejf2 [https://www.reddit.com/r/Superstonk/comments/mz7c7h/put\_anomalies\_pt1\_were\_127\_million\_synthetic/](https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/) + +Tons of data to sift through here, but I am smoothbrain. One thing I did notice, though, is that every time there's a runup it passes through 167-ish before being driven back down. Glacier reported taking out their position at around that number, and that's almost exactly the peak price on 25 Feb. + +**EDIT 5:** from u/JaeDeeEm \- "I assume we have a whole lot of small-time shells that fall below the 13F filing requirement of "discretion over $100 million or more". + +Seems a handy way to hide things you don't want to report on." + +**EDIT 6:** u/db2 and u/Flokki_the_Monk contribute to a greater understanding of what's going on. Citadel is building a firewall of shell funds that they can burn slowly to control the pace of the squeeze hoping to shake paperhands or cause so much damage to insurance and agencies that they remain untouched in the end. Kenny is literally willing to fuck everything and everyone until he is the last fund on earth. + +u/Flokki_the_Monk + +"Kind of sounds like Citadel, and any of the other SHF in trouble, could just use these shell companies to attack the price through puts. Then the new shorts are on these books, rather than further endangering their own. When the shell companies sell those new phantom shares, I'd guess they do so on the dark pools to ensure those large blocks end up in the hands of their true owners. Then the SHF can either pass them around in price attacks, or reset FTD, or even ease some of the positions off their books. They're not escaping it, to be clear, just delaying and obstructing the situation. Sounds like coordinated market manipulation." + +u/db2 + +"Step 1: Dump a bunch of debt in a shell company nobody actually works in + +Step 2: Activate the company and make terrible market bets with it to basically intentionally kill it + +Step 3: Watch as the company implodes and insurance kicks in to zero out that debt without touching you + +These people are really sick fucks." + +\-- + +**EDIT 8:** u/NotLikeGoldDragons points out: "It's not really "hiding the FTD's per se". Different way of looking at it is that they really are covering the short, but in a way that just keeps making their short position bigger. From u/Criand + +[https://www.reddit.com/r/Superstonk/comments/nc1lny/ive\_estimated\_the\_current\_si\_based\_on\_the\_si/](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) + +\-- + +**EDIT 7:** Apparently I've gotten to the level where the conspiracy theorists think I'm interested. Let me assure them that I am not interested in rabbit holes. I am interested in taking all of the monies. Shills, you can still come at me because I find it hilarious when you give me intel on you. + +**EDIT 4:** ~~Looks like Glacier is owned by Susquehanna according to Griffin Research (thanks~~ u/TheRailGunner\~\~)\~\~ [~~https://www.griffinfingroup.com/griffin-advises-glacier-capital-holdings-llc-acquisition-capitol-insurance/~~](https://www.griffinfingroup.com/griffin-advises-glacier-capital-holdings-llc-acquisition-capitol-insurance/) + +Different Glacier, but I wouldn't discount a connection anyway...who wants to research? Thanks to u/0xB00TC0DE for pointing this out. + +&#x200B; +I’m 23, in the north of England, and currently earning around £27k working for a medical regulator. The money isn’t bad for my age but career progression is limited and I would like to earn more money, mainly so that I can live alone instead of in a flatshare. + +I’m a little lost in terms of career paths (I have a geography degree, heard all of the jokes) and regret not studying something more valuable like dentistry. + +As I’m really not sure what I want to do/what I’m interested in (thanks depression) I’d like to hear what jobs people who earn over 30k are doing and how they got there? + +ETA: Thank you for all your comments it’s been very helpful, I think I’ve had a very sheltered life because I wasn’t aware of a number of these options + +Looking for a position in the civil service or another regulator seems like a logical first step and I’m going to start looking into GIS and accountancy courses while I have extra free time for longer term prospects + +I’ve also realised I need to stop listening to other people’s complaints about money and career progression and stop internalising them + +I also think I need to revisit flat searching at some point because apparently I don’t need to be in a flatshare 😬 going to see where all my money goes this month +Just a PSA for anyone considering disputing a Ticketmaster charge to your credit card, they are fighting them vigorously. In my claim, Ticketmaster responded with over 10 pages of documents, listing IP address, T/C's (their revised T/C's), etc. I'm pushing back showing that I tried to get a refund before they changed their T/C's, so hopefully Citi will find in my favor. Good luck to anyone in a similar situation. +From what I can tell these posts don't break any sub rules so maybe i'm just being a bit of a grump, but they just seem a bit low effort and not the sort of content I expect to see here. Am I in the minority here? + +Edit: Sorry, obvious typo in the title +I’m a 31yo male. Have grinded like fuck for 5 years and currently have $2.8m in cash + $2m house through profits from my production company. No debt. + +The production company will be on track for $10m in annual revenue by next year. It should generate between $3m-$3.5m in profit. I own half the company, so that’s $1.5m-1.75m per year before tax. I am confident we can grow the company between 10-20% annually for the next 2-3 years. + +This might all sound great, but I am really conflicted on a number of issues and am at a bit of a crossroads in my life: + +\- Tech Envy: this will sound shallow but screw it. I am extremely envious of some of the multiples that tech entrepreneurs get. I’ve watched two people ‘professionally-close’ to me found unicorns, and there are times where I honestly feel dumb that I’m doing the same thing that I was a few years ago, and they’ve gone and 10x’d their wealth by virtue of just being in a higher-leverage game. I know it’s all funny money until their company is either acquired or taken public, but it’s still something I feel insecure about for some reason. I think it has something to do with this next point: + +\- Little Leverage: professional services are really tough to scale. We have to ‘bake the bread’ for each new client, and whilst I like the work, there’s a lot of moving parts. By comparison, I feel like the compounding advantages that tech companies get are magical. I see leverage almost like forbidden fruit. Once you become aware of how it works, it’s incredibly difficult to resist the temptation to pursue it. It becomes a force multiplier on your time, effort and life's work. + +\- Time-poor: I have very little free time. 11-12hr work days are normal. + +I am at a crossroads: do I sell my production company (what i am good at + what i studied in college) so I have the freedom to take a shot at building a tech company and be 100% locked in on that? + +If it was you, would you block out the noise and make the next 5-10 years about cashflow? Or would you swing for the fences with a VC-backed startup? + +P.s - I know there is an in-between if I put in CEO/operator to run the company, and have considered this. That said, I am a very 'all-in' type person. I prefer laser focus, and I don't really like being spread across multiple businesses or projects at the same time. +[https://www.bloomberg.com/news/articles/2022-03-01/what-citadel-s-ken-griffin-thinks-of-russia-ukraine-sanctions-markets-crypto](https://www.bloomberg.com/news/articles/2022-03-01/what-citadel-s-ken-griffin-thinks-of-russia-ukraine-sanctions-markets-crypto) + +Free link! [https://archive.fo/87J3q](https://archive.fo/87J3q) + +Ken Griffin gave an interview today. A big nothing burger for the most part. + +"He’s also increasingly been in the news for his exploits outside of Wall Street. Griffin gave $20 million to a [Republican candidate for governor](https://www.bloomberg.com/news/articles/2022-02-14/citadel-s-griffin-gives-20-million-to-illinois-governor-s-rival), bought a rare copy of the [U.S. Constitution](https://www.bloomberg.com/news/articles/2021-12-09/ken-griffin-s-son-told-him-you-have-to-buy-the-constitution) at auction for $43.2 million — beating out a crypto-funded bid in the process — and described the rush to embrace cryptocurrencies as a “jihadist call” against the U.S. dollar (His view on digital currencies has since evolved)." + +The typical look at me type crap. Heavy spin on trying to come out looking like a good billionaire. + +**Here is what caught my attention.** + +"Griffin — who grew up mostly in Florida and went to public high school in Boca Raton —  also spoke about **the prospect of Citadel Securities going public**, the leadership of the Securities and Exchange Commission and the best advice he’s received." + +This is what we call a bread crumb. Giving a hint at something so later the reader isn't surprised. Sure enough later on in the interview they drop the next nugget. + +"**Should anybody think that Citadel Securities might go public?"** + +"That’s a reasonable assumption. One of the ingredients that Sequoia brings to the table is helping my management team really understand as a public company what will be different than how we run our business today as a private company. And of those differences, some will be positive, some will be negative. We need to understand those differences and embrace them if we’re going to go public down the road." + +**How do I interpret this?** + +Ken and the other owners see the writing on the wall and its time to punch out. They have laid the groundwork to start the process of going public and they are going to absolutely fuck over any investor that puts money into this company. We saw how this went with Robinhood and for a brief moment the stock was on fire for a short time then reality hit and it is where it belongs, in the dumpster. I don't know if this is an attempt to liquidate all 50 owners shares or if they are looking for Billions to try and navigate their horrendous time bomb of short positions. + +TLDR + +Ken is prepping the public to take his company/s public. + +&#x200B; + +**Edit:** A lot of comments suggesting that them going public is a good idea. I don't want to be rude but this is either misguided or shills trying to sell us that this is a good idea. I cannot repeat this enough, "This is pure evil." + +* Your parents who are invested in their 401k through work with their life savings have no idea that their financial advisor moved part of their retirement into this safe, bulletproof investment. +* Your neighbors who worked at a great company and have a pension are also invested in this because Ken sold the leadership who control the pension fund on what a safe investment this is. +* The general public have heard of Citadel now and decide to invest in a safe and stable company. +* It might even be your money and you wouldn't even know it. Do you want your tendies to come from your parents, neighbors, the general public and possibly yourself? + +In all these scenarios the general public and average person is devastated when it collapses. There is also no recourse when they shut down the company or sell it for pennies. Ken and Co are trying to shift liability to the general public and run for the hills. It reminds me a lot of what Enron did. Many good people will be directly hurt though this. I don't want their money. They didn't create this mess and don't deserve to pay the price for unchecked greed. This is a golden parachute for Ken and Co. + +**Edit 2:** Look at the link I posted. No where in the title was anything about him going public. If you go to the link now it is boldly highlighted that they intend to go public. Wonder why they changed the title of the article. They replaced his views on crypto in the title to one of him going public. It wasn't apparent they intended to go public when it was first published, it was hinted at in the article. Now its bold front and center for the title. What made the author change this it completely changes the meaning of the article and validates my intuition that this was their intention all along. Give a glowing positive interview and prep people for a public offering. +Hey r/Superstonk \- we’re in the process of launching the new official Betty Boop NFT project on the GameStopNFT Marketplace, and wanting to jump into here to discuss our vision with the overall GME community! + +[Boop & Frens - Trailer](https://reddit.com/link/wu8d7e/video/nr75500md4j91/player) + +I’m Dean, VP of Community & Partnerships @ XLABEL - A strategic and creative consultancy. We help web2 brands navigate the world of web3 through blockchain technology, digital ownership and the metaverse. + +Previous most notable launch I’ve worked on personally would be the Lamborghini NFT launch - Space Time Memory. All five NFTs sold for a total of $659,636. I worked on this project from ideation to execution, driving the project to end up being incredibly successful. + +Boop & Frens is an NFT collection focused on bringing together Betty Boop's worldwide fan community. The collection is a tribute to the character who has long been a global symbol of independence, kindness, style, and universal acceptance. + +We're excited to have partnered with The Fleischer Group to launch this project, and have welcomed community questions to help us offer some insight into the project and the team behind it. + +[Boop & Frens - An Official Betty Boop NFT Collection Launching August 26](https://preview.redd.it/iqziqx8jb4j91.png?width=814&format=png&auto=webp&s=db0bda3996835575b5a1f1d31ed908512903ba5a) + +**Some initial questions from the community:** + +**How did this project come to life, how did it happen that Fleischer studios approached you to bring Betty to the blockchain, and how did it end up in the Gamestop marketplace?** + +The Fleischer Group liked the XLABEL vision for the project. They were approached by a lot of companies, all of which were interested in simply repackaging old video/content and following a traditional cookie-cutter approach - we offered a fresh perspective that they were instantly drawn to. +As we looked to partner with Marketplaces, we were instantly drawn to GameStop. A new marketplace with the backing of a large passionate community. + +**Who are the artists behind these new Betty Boop creations?** + +At XLABEL we have an incredible team of designers with capabilities that exceed the expectations with every piece they create. The team includes designers who have worked with brands such as Apple, Adidas, Adobe, SpaceX, SEGA and Playstation. + +**How many NFTs are being planned to be minted? What gives rarity to your NFTs, and what traits are there?** + +There will be a total of 8,888 NFTs minted, with rarity attributes ranging from certain outfits, accessories, facial expressions and backgrounds. We’re excited to see that after running through community-based feedback, people were mostly able to predict the rarity of items when viewing the NFTs - showing us that each outfit combination matches up nicely with our rarity algorithms. + +**What is your favorite piece/trait?** + +[Boop & Frens #2786](https://preview.redd.it/szjtb634c4j91.png?width=1000&format=png&auto=webp&s=7e7770f35ba0b5343bcf47ff143a163ca0811617) + +[https://nft.gamestop.com/token/0x7f49fc64a8da0735c68557f3aed37e377cf8f6a5/0x2d1cdfa18fa64c0fc1ea95ba6de343bf3755468c556e068a3950aab160d9878e](https://nft.gamestop.com/token/0x7f49fc64a8da0735c68557f3aed37e377cf8f6a5/0x2d1cdfa18fa64c0fc1ea95ba6de343bf3755468c556e068a3950aab160d9878e) \- Really love the Kimono in general, but the blue colour is just amazing. Definitely one of my favourites. + +**Can you speak of any specific utility attached to your NFTs?** + +Plans are in development to create an ongoing venue, stage and showcase for entertainers and creators from all corners of the metaverse, hosted by Betty herself. +We’re also working on IRL & URL events for holders of Boop & Frens NFTs, as well as some large partnerships aiming to provide digital & physical drops for holders of the collection. + +**Where do you see NFTs/web3 going in the future?** + +We see NFTs/web3 becoming an integral component of major companies/ip holders marketing strategies - a core component of engagement, allowing fans and users from around the world to be a part of something bigger. +It allows brands to interact with their core audience in ways they never have before, as well as reach new/broader audiences. + +**Any future projects planned for the GameStop marketplace?** + +We’re working closely with current/upcoming clients, with a view to holders potentially launching into the GameStop ecosystem. Contractually, we’re unable to discuss any specifics right now. + +&#x200B; + +We’re incredibly excited to be launching this project with the GME community. Many fellow superstonkers have already joined our community and it’s been great seeing the vibes within our space. We would love for all of you to join us on this journey, and to join us on our mission to give everyone a stage. + +I’d love to answer any further questions, and take this opportunity to hear the thoughts of this powerful and passionate community! +It seems many Quants and Algotraders come from the same background. Either it is maths, statistics, economics or computer science, typically with a graduate degree in one of these fields. Some have come to this from physics or engineering. Which although these subjects are not directly related, they no longer seem to be that unusual for this field. + +However, I wondered are there people on here that are doing this full time, without this typical background? Either with a completely different degree or even no degree at all? + +How far removed is your background to what you are currently doing? + +Well known traders like Adam Grimes (quant) and Marston Parker (algotrader) studied music. Some like Mark Minervini (regular trader) never went to college. + +What's your unusual background? Do you think it's held you back or has it been an advantage? How did you go about learning what you needed to, in order to succeed? + +----- +EDIT: + +If anybody wants some more inspiration, check out the story of Pavel Krejčí a bellhop who never went to college, but featured in Jack Schwager's Unknown Market Wizard book because of his successful trading record. +In 2008, we know the market crashed because people were given mortgages they couldn't afford. Those mortgages were made into mortgage backed securities, which became worthless and toxic because they were mixed with good securities. A lot of corruption took place. + +In 2021, due to interest rates at near zero levels... And due to CoVid relief liquidity for banks... Banks over loaned money to hedge funds, which used their over loaned money to invest in a quick buck scheme. They tried killing AMC and Gamestop to cash out from the bankruptcy jackpot. "Who'd miss GameStop and AMC?" they thought. + +They went at it hard. They shorted these stocks into oblivion. Legally, then illegally, and created as many shares as they could to guarantee a massive pay out... + +Before the apes came, this was a calculated killing spree. A hit on GameStop guaranteed to win. The banks took that over loaned amount and turned it into securities. Sliced it up and packaged it up in tranches. It was a wall street win-win. + +Banks would sell securities and make money selling these products containing debt from hedges. Hedges would make money shorting stocks and pay back debt to banks. + +Then the apes came. + +Hedges are now faced with infinite losses. Banks are now faced with a lot of defunct unpaid loans. A lot of investment products are worthless like the mortgage backed securities of 2008. The toxic assets are probably everywhere in the financial world. + +Bank of America, JP Morgan and another bank (Goldman I think) one recently offered bonds that when combined, totalled over $34b. They're selling bonds which are debts for their own business. Their business is about to become worthless. Just like in the movie margin call, they need to make as much money as they can before the truth gets out. + +It's about to. + +Shit is about to hit the fan. + +...not a financial advisor, just my opinion +( Its important to recognize that this IS NOT a rule or regulation, it is a staff statement. Not saying nothing will come of this or it won't be acted on, but we can't take this to mean it's a rule that will be enforced.) + + +The letter is an internal letter, what you may understand is basically that its similar to a "Disclaimer" written at the bottom of internal memos, letters etc, stating that the letter in itself is not a new actionable regulation. + +The real important part of the letter is this.. + +Rule 15c3-3(b)(3) requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans.[3] Staff’s letter stated that the staff would not recommend enforcement action to the Commission regarding these programs for six months from issuance of the letter, or until April 22, 2021, to give firms time to come into compliance with the Rule.[4] + +Broker-dealers operating these programs should be mindful of the importance of complying with the requirements of Rule 15c3-3 and ensuring that retail investor funds receive the full protections afforded under the Securities Investor Protection Act. + + +So stock brokers need Billions of extra capital on hand as of the 22nd or they have to recall the shares they lent out. + +Makes sense as to why the banks have been selling huge amounts of bonds now. + + + +Link to SEC https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery + + +Credit - @ReapersGavel :) +https://mobile.twitter.com/ReapersGavel +**As of typing this, Tencent is down 10%, Netease is down 14% and Bilibili is down 13% in Hong Kong** + +Tencent Holdings Ltd. dived as much as 10% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, stoking fears Beijing will next set its sights on online entertainment. + +The social media giant joined rivals NetEase Inc. and XD Inc. in an abrupt selloff in early Hong Kong trading after an outlet run by the Xinhua News Agency published a blistering critique of the gaming industry. The Economic Information Daily cited a student as saying some schoolmates played Tencent’s Honor of Kings -- one of its most popular titles -- eight hours a day and called for stricter controls over time spent on games. + +It spooked investors already on edge after Beijing came down hard on online industries from e-commerce to ride-hailing, triggering a global selloff of Chinese shares that at one point surpassed $1 trillion. Nervous investors continue to reevaluate their holdings as they ponder the longer-term ramifications of a crackdown on firms from Jack Ma’s Ant Group Co. and Alibaba Group Holding Ltd. to Tencent-backed Meituan and Didi Global Inc. + +“No industry or sport should prosper by eradicating an entire generation,” the Xinhua article said, citing an academic at a state-backed institution. + +https://www.bloomberg.com/news/articles/2021-08-03/tencent-plummets-as-chinese-crackdown-fears-persist + +*Confession: I've made fun of Cathie Wood in the past for exiting her China positions but I guess that was the wisest thing she has done all year. The extreme volatility and having your positions be at the mercy of the CCP's whims does not seem to be worth it. The regulatory crackdown is going from one sector to another with no end in sight.* +Fellow Chinese speaking ape u/TreacleAggressive663 , who can’t post nor comment, from the GameStop sub has this to say; + + +Cannot comment on Superstonk, but this Ever grande official bankruptcy untrue!!! + +https://preview.redd.it/crnsqoohn6581.png?width=815&format=png&auto=webp&s=434a1cb112767e1bc4c9e8fd46b69db2da50281a + +The author uses a Chinese video on Webo as source. I'm a native Chinese speaker and listened to the video twice. There is no single word in the video saying it officially enters the bankruptcy liquidation process!!! + +Link of the source video: [https://m.weibo.cn/status/4713026726397862?wm=3333\_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin](https://m.weibo.cn/status/4713026726397862?wm=3333_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin) + +There are two parts of the video. + +Part 1 is fact. Mr. Yi, the China' central bank governor said that let the market do its job. The Chinese government will not bail out Ever grande. + +Part 2 is about the video maker's own opinion and analysis. It was primarily focusing on the priority of liquidation beneficiaries. + +China's central bank governor never said it's officially in bankruptcy liquidation process now!!! Untrue!!! + +The original post; + +https://www.reddit.com/r/Superstonk/comments/reixa6/chinas_central_bank_declares_evergrande_officialy/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=web2x&amp;amp;amp;amp;amp;amp;amp;context=3 + +( Insight by u/Danny_boy31 ) + +*There are 2 parts of that post:* + +*An alleged screenshot of an announcement from Mr. Yi, the China's Central Bank Governor who announced that Evergrande has officially entered into the bankruptcy liquidation process on social network platform for investors called XueQiu.* + +*A video on Webo stating who is going to get the priority during a liquidation process. The author of the original post did not say that the video says they have officially defaulted as far as I understood.* + +*They are 2 separate things. Obviously I don't know if either have been verified.* + +On that, I want to add, that Evergrande is the one responsible for announcing/declaring their bankruptcy. NOT the Yi guy or any other financial analyst, even if they are closely associated with the company, the company itself needs to put the word out. + +( u/bravestar3030 ) *Also, you file for bankruptcy and it is a legal process. actual bankruptcy has to be approved by a judge and then shit goes down depending on the terms. between filing and declaration a lot can happen, including a (full or not, see Greece debt crisis) bailout (which the CBoC has ruled out, for now).* + +Disclaimer for clarity from another ape that cannot comment, u/Marsych + +*I also cannot comment, but I don’t think the original post claiming Evergrande default is incorrect, the Chinese CB did not explicitly say Evergrande has defaulted but if you read between the lines they did say they would take a “lawful approach” basically meaning they will follow priority to claim assets in the event of a liquidation* + +Clarification; we all agree EG and its bonds (especially American commercial paper ones) are a dumpster fire ready to blow at any given day. The thing is, the CBoC did not explicitly state the company is (or is ready to be) bankrupt (*even if* they did it wouldn’t make sense, because the company has to do that). It only clarified it will regulate the imminent liquidation/bankruptcy indifferently. (I think all dollar bond holders are fucked) + +Let’s just call it a stage of denial. They haven’t paid, they haven’t filled (and declared) for bankruptcy. Fuck it, who cares? **DRS is the way!** + +Edit; replaced “FAKE NEWS” with “untrue” +Good evening everyone, + + +Normally I would make a massive angry rant/whinge about property prices but not only have others beaten me to it but I can't even summon the energy to be angry anymore and its not like the housing Gods will take pity on me and magically make housing more affordable. So I have to work with what I got. + + +Anyway we all know by now that property is only going up due to FOMO, TINA, government intervention and low interest rates (which is here to stay for a long time). We also know that desirable 'bluechip' suburbs will always be expensive because everyone wants to live there but I grew up in the Western suburbs of Sydney (Bankstown/Punchbowl area) and I'm not picky in the slightest. If anything I'm happy to move further out West or to the fringes of Sydney to areas with rough reputations (Blacktown/Penrith/Liverpool) which will more likely to be cheaper since fewer people want to live there. I'm even happy to settle for an apartment of townhouse these days. The only things I care about is close to public transport and hospitals for work (work in NSW Health). + + +Some people are worried about the risk of high crime but part of me thinks these so called dodgy areas will become gentrified once young professionals start getting pushed and priced out of the more desirable areas and start settling into these rough areas though I could be dead wrong as well. + +So those of you who bought in 'dodgy areas' (regardless of property type and state), Was it worth it from a financial and life style point of view ? How did it turn out ? Any other information is more than appreciated. + + +Thank you for your time and have a great day (whatever is left of it). +First, big thanks to everyone in this community!!! Extra big ups to the mods. Thank y’all so much! + +I’m all ETFs/CEFs/REITs in my IRA. I want to add like 50 bucks a week fractionally to 10 different companies. Do you like... in no specific order..: + +1) JNJ +2) PG +3) KO +4) ABBV +5) MSFT +6) AAPL +7) MMM +8) VZ +9) WM +10) TROW + +? +What stocks or sectors would you not invest into and why? + +Options can include alcohol, tobacco, O&G, military/defensive, payday loans, cemetary/funeral services, etc.  + +Curious to see the discussion on why people won't invest into certain areas and their reasons behind it. +Hi everyone, how are you doing? + +I can't believe the subreddit hit 280,000 members in the last month. It's mindblowing how quickly it's grown. Looking at the traffic stats, it looks like we have WSB to thank for that (If we save just one YOLOer from themselves, I figure we've all done a pretty good job): + +https://i.imgur.com/QAkGN7i.png + +The subreddit grew by 85,000 members in a week! However, this kind of explosive growth can be quite painful for a community, and the requirement for mod intervention has increased massively lately. + +This is coupled with another trend - a growing number of members are trying to make video content, and this has caused concern for some. + +We have always tried to moderate as close to silently as possible - rather than making a public spectacle of removals and bans, we try to enforce the rules with minimum disruption. Most of the time (if I say so myself) this works pretty well, and I would say the quality of content and help at UKPF is higher-than-average for a subreddit of its size. + +To try and give you an idea of just how much work is being done behind the scenes, the (relatively small) mod-team have taken 2,537 moderator actions in the last month - these involve approving posts and comments, removing rulebreaking posts and comments, and banning users. There are five mods, excluding the bots, and none of us benefit directly or indirectly from our involvement in the subreddit. + +We also make use of automoderator and a custom bot to help with moderation. In addition to our manual interventions, the bots have take 25,206 moderator actions since the new year. This is mostly requiring new posters to read and agree to our rules before making a thread, but also removing threads that the mods have tagged as rulebreaking (to prevent the harrassment of individual mods in this case). + +Effective moderation is also reliant on community engagement - we can't vet anywhere near every post and comment for rule-breaking, and rely on members reporting content for review. + +The rules that we enforce have grown over time, and are as follows: + +1. Be nice +2. No low-effort self-promotion or solicitation +3. Read our wiki and sidebar first +4. No discussion of gambling incentivisation (i.e. matched betting) +5. Discussion should be on-topic and in-depth +6. No trolling, low effort content, bots or memes +7. No politics +8. No market or exchange-rate timing questions +9. No discussion of unlawful activities +10. Don't judge people +11. No referral codes or schemes +12. Discussions must be in public (i.e. not inviting DMs) +13. No donation or money requests +14. Do not delete posts or comments after making them +15. No unanswerable questions (or questions that can be answered with a simple yes/no) + +**So what?** + +This thread serves a couple of purposes, in addition to a general update: + +First of all, there has been an uptick in "gripe" threads. People complaining about elements of the subreddit they don't like. One sad truth is that with a subreddit of this size, there are _guaranteed_ to be bits of it you don't like. Our interest is in serving the community as a whole, and as that community gets bigger that task gets harder. + +This is your opportunity to gripe, on the condition that it is *constructive*. Tell us what should change, what is going wrong, what you like, what you would like more or less of. **The one rule is this: Don't complain about a problem without putting forward a potential solution.** + +Secondly, tell us what you think about the ruleset, whether it still serves the community, and if it doesn't, how you would change it. Should we be more visible/public about enforcing the rules? Should we change the rules? If so, how? + +Please don't be offended if a suggestion you make isn't followed. We do our best to base our approach on our perception of the community's need, and are happy to be challenged if people don't agree, but we need to weigh up the costs and benefits not only to you, but to the subreddit as a whole. + +We can't please all the people all the time, but are genuinely interested in the input of members new and old. +Hello, + +I love this subreddit, but I am wondering are there any european finance blogs/websites out there that you recommend? As most personal finance blogs/websites are targetted for the US. Any websites out there that collect and share news/tips articles from other websites and post it on one website? + +&#x200B; + +Thanks! +This time of year is the best when I dont need to use the AC driving up my electric bill but it's not too cold to need to use the heat, this should last until about early to mid October and I can't wait to start seeing the savings +Follower of the thread for over a year now. I understand the concept of why the stock is so powerful, but why is this a perfect option for someone looking to hold for 5-10+ years? + +Thank you to everyone who takes the time to respond to this. +&#x200B; + +DogeBonk is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. + +Since DogeCoin exploded earlier this year there have been thousands of dog coins most of them scams, false promises and poor ripoffs with devs sole purpose being to make as much money from their holders as possible. Every day another team launches their coin trying to piggyback off the success of others, offering false promises of NFT marketplaces, metaverse worlds and whatever else is the newest trending hashtag on Twitter. These coins have forgotten that what makes you a meme coin is how good your memes are. + +Ads have popped up all over pornhub, ads coming to midtown Manhattan. DogeBonk is different. The DogeBonk community spontaneously formed just two weeks ago on a dead dog token someone found with locked liquidity, renounced contract and SafeMoon tokenomics. We have grown from <300 holders two weeks ago to over 4000 today. We have no false road maps promising the world, we just spread our hilarious meme and convince others to join us as we bonk everything. + +The memes and energy coming from this community is crazy. Just search DogeBonk on the search bar on Twitter and you’ll see what I mean. Once you see the quality of these memes you will see how DogeBonk has huge potential to go viral. DogeBonk is the most memeable project in the crypto space since Doge. + +Despite our lack of false promises, the team and community is still delivering: + +bonkSWAP launched, making it super easy for even non-crypto natives to purchase $dobo from fiat [www.bonkswap.com](https://www.bonkswap.com) + +Ads are going up in New York just because a community member thought it would be funny to pay for them + +A Bonk Meme Generator is being developed, making it easy for everyone to bonk safely. + +Wanna fud, just bonk em, anyone fuds us, just bonk em. The beauty is in the simplicity. + +&#x200B; + +# Is DogeBonk safe? + +* Liquidity was locked forever by burning all LP tokens 🔥 Ownership of the contract was renounced. +* See proof on our website. +* Contract is a 1:1 copy of SafeMoon which was audited by Certik. +* Top holder owns only 1.9% of the supply. +* Listed on coingeko and coinmarketcap +* As microcap gems go, it’s an unruggable beauty. + +# Tokenomics + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* Token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Info + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com](https://dogebonk.com) 📖 +[Going, Going, Gone: What's Driving Australia's Property Frenzy?](https://www.abc.net.au/4corners/australia-property-market-investigation/13606018) + +***Going, Going, Gone: What’s driving Australia’s property frenzy*** + +*“I just don't believe how much prices have jumped.   These prices are far exceeding what I think is a fair and reasonable market price.”  Buyer’s agent, Sydney* + +Across Australia, property prices are going through the roof, pushing the total value of residential real estate to a staggering nine trillion dollars. + +*“It is definitely the hottest market I’ve ever seen with the low supply, the lower interest rates and the cost of borrowing, money being so cheap.” Real estate agent, Brisbane* + +When the pandemic hit in 2020, there were fears the property market would collapse.   Instead, house prices have risen at the fastest pace in at least three decades.  + +*“We thought it would stop for a pandemic, but it hasn’t.  I think it's gone against all the experts and predictors out there; it just keeps going.”   Auctioneer, Melbourne*  + +City prices are eye watering, and the phenomenon is spreading.   As people seize the chance to work from home, a stampede of buyers has sparked a property buying frenzy in regional Australia as well. + +*“Properties in Tasmania are literally selling within around about 48 hours.   I'd say that for every property that we sell, we could probably sell it 10 times over.”  Real estate agent* + +On paper, it’s made many homeowners across Australia millionaires.  In reality, it’s seen buyers mortgaged to the hilt, while others are priced out altogether. + +*“The great Australian dream has been about home ownership.  It's now become a lot of people's nightmare.”   Housing policy expert* + +On Monday, Four Corners tracks the property price boom that’s fuelling risky and irrational behaviour and investigates what is driving it. + +*“People are buying property sight unseen from another state. People are waiving their rights to finance…they're not doing building inspections…there's a lot of people taking a lot of risk.”  Buyer’s agent, Tasmania* + +For many people, the housing market has become unaffordable and it’s creating a generational divide.  Home ownership among those under the age of 45 has plunged to levels not seen since the 1950s. + +*“For my generation it means a lot less home ownership. I feel it's very unfair.”  Sydney home hunter* + +There’s a sense of despair and disillusionment from many who have worked and saved, only to see their dream slip out of sight. + +*“I did everything right. I did everything that every politician has ever told us to do... The situation's left me feeling completely defeated.”  Nurse, Tasmania* + +As the divide between the haves and have nots grows, housing experts warn there will be consequences. + +*“Housing has become, rather than a place of security where you raise a family, something that you seek to create wealth from and speculate on. So, that is a really big shift over the last 40 years.   And it's one that I don't think will serve the future well.”   Housing expert* + +&#x200B; + +&#x200B; + +&#x200B; + +\*\*Apologies if posted already. + +EDIT: NEW LINK + +[https://www.abc.net.au/4corners/four-corners--what%E2%80%99s-driving-australia%E2%80%99s-real-estate-frenzy/13612062](https://www.abc.net.au/4corners/four-corners--what%E2%80%99s-driving-australia%E2%80%99s-real-estate-frenzy/13612062) +Sorry if this isn't the right place for this post - wasn't sure of a better place to ask. + +I'm currently in my mid 20s. I'm fortunate enough to have a great job that pays very well. The thing is...most of my friends are in a very different spot financially from me. + +Now don't get me wrong, I love hanging out with my friends, and I'd never want to lose that. I love grabbing lunch with them at the local pizzeria and going on budget vacations at the local beach. But sometimes, I start to think...I'd love to go out and get a nice steak dinner once in a while. Or splurge a bit on a nice cruise or island getaway. The thing is...I don't really have anyone in my life to do this with. + +Has anyone else been in a similar situation? If so, how did you approach it? Did you go looking for a secondary group of friends with more money? I feel like a shallow asshole even entertaining the idea (although maybe I shouldn't), and I also wouldn't have the faintest idea how to approach this. Should I just continue on as is, living the lifestyle of someone who earns 10% what I do and saving extra money for retirement? Should I suggest more expensive activities to my friend group and offer to cover the costs for everyone? (I'm fine with this from a financial perspective, but it feels awkward and I'm worried it would ruin the dynamic of our friendship). Should I save the fancy dinners and trips for going with a girlfriend (and hopefully eventually wife/kids), and accept that it won't be possible to go with a group of friends? + +Any advice is appreciated. Thanks! +Just sold my SelfWealth shares for a 50% loss! Bought in at 59c sold out at 30c, luckily only put 4K in originally. The new app is rubbish and can’t see them competing with Stakes slick apps and $3 trades going forwards. + +Went to transfer my money out and even though app says available funds it glitches out when try to transfer. + +Fuck SelfWealth 🖕 +Meet the Investigators +There are conflicting arguments about whether GME was a battle of long and short hedge funds, whether retail investors through Robinhood and other trading apps played a significant role, or maybe both. + +Robert Shapiro, chairman of the economic advisory firm Sonecon and undersecretary of commerce for economic affairs under Bill Clinton, believes the war between hedge funds theory, with a healthy dose of “pump and dump” market manipulation and naked short selling. Shapiro has testified before the SEC and criticized it for failing to take effective measures against naked shorting. + +Read the full story here: + +https://prospect.org/power/how-the-gamestop-hustle-worked/ + +EDIT: it is NOT behind a paywall. You just have close the pop up. +What can we do to get rid of the low effort, help-me-pump-this-stock style posts? + +There are so many high-quality questions and discussions on this sub, but we get obnoxious "look at my lotto numbers!" posts that are rising to the top. There's plenty of space for that over at /r/wallstreetbets, but these low effort posts wouldn't even make it on Wallstreetbets competing with their hilarious memes and videos. + +If you're going to post, you should be following the rules of the sub. Give sufficient details for a discussion, don't ask people to think for you, and don't post trades without context or strategy. + +Edit: Also, thank you mods! I had no idea how much work was already going into keeping the sub civil and friendly. +Money Saving Expert shares tips about how and when to get your car insurance. He suggests between 20-26 days before you need it, with day 23 supposedly being the best bet (this information is just a theory from MSE and not fact, of course). + +On top of timings, MSE suggests there are different ways to include your job title that may help garner a better quote, without being untruthful. + +My insurance is due in 23 days from today. A few weeks ago I looked at comparison sites using MSE job title advice just to see an average cost. It was about £380. Last year I paid over £450. I bought my insurance yesterday for £282 using MSE advice. + +And the added extra that I bought via TOPCASHBACK so I’ll even get a further £25 cashback too. + +I just wanted to make a post about this because it only took a few extra minutes of my time and I’m saving almost half of what my previous year’s car insurance was. The cost of living crisis is going to suck for many, but just a small reminder that taking a bit of time to research and check details can make quite drastic changes in how much you pay. +A real competitor to Wanchain has emerged. NIX, it will be launching to mainnet in a month. No ICO and sick team. Check it out: + +Pursuing the objective of becoming the first DEX Manager in the market, NIX will initially incorporate Blocknet, a peer-to-peer protocol between nodes on different blockchains. Additionally, the team consists of several new experienced developers and a lead cryptographer who is a doctoral researcher in the cryptography field. + +NIX will create its own privacy protocol: The Ghost Protocol, a custom code which involves the Zerocoin Protocol plus the utilization of Stealth Addresses in order to make transactions untraceable with no trusted parties and with a higher level of anonymity, Bulletproofs to conceal transaction value and shrink the size of the cryptographic proof, the integration of a Lightning Network to allow fast blockchain payments, and the creation of an Atomic Swaps Architecture with the intention of performing decentralized operations from a node on any blockchain to another. + +With the implementation of NIX, every single supported coin will have the possibility of being traded privately in a prompt, secure and decentralized manner, as the process consists of swapping coin A for NIX, progressively applying the Ghost Protocol, having as a result NIX with no previous transaction history and finally swapping NIX for coin B. Simple, private, fast. + +whitepaper: https://nixplatform.io/docs/NIX-Platform-Whitepaper.pdf + +what do you guys think? + + +Hi, by the title its pretty self explanatory. This book is the hardest thing I’ve ever read. To understand it have to reread highlight and completely analyze multiple pages to attempt to see grahams points . What ive heard is that after chapter 8 which was amazing, that the book is all downhill. Im currently on chapter 11 and feel like trying to understand a snapshot of time for something like bond prices is taking too much brainpower and me too long for something that seems currently irrelevant. Is there anything else to look forward to, or should i pick up a newer modern book on finance? +Before you say OP is just mad because he is in the red: I am well in the green and I don't care even if there is a 90% flash crash, I only invest what I can afford to lose. + + +Every single time there there is a small correction this sub gets bombarded with "Did you buy the dip? Oh man you better buy the dip!", "What coins are you guys buying this dip?", "Yo, bro I wish the dip was 50% so I could buy more". + + +If people in this sub bought the dip as much as they claim to in their posts I am pretty positive we would have ran out of some coins in the market. To me these posts are no different than someone commenting "To the moon","When Lambo?" or "Nobody knows shit about fuck". Low effort bullshit that gets spammed over and over again. + + + Just buy whatever the fuck you want, at whatever price you want. +Before you say OP is just mad because he is in the red: I am well in the green and I don't care even if there is a 90% flash crash, I only invest what I can afford to lose. + + +Every single time there there is a small correction this sub gets bombarded with "Did you buy the dip? Oh man you better buy the dip!", "What coins are you guys buying this dip?", "Yo, bro I wish the dip was 50% so I could buy more". + + +If people in this sub bought the dip as much as they claim to in their posts I am pretty positive we would have ran out of some coins in the market. To me these posts are no different than someone commenting "To the moon","When Lambo?" or "Nobody knows shit about fuck". Low effort bullshit that gets spammed over and over again. + + + Just buy whatever the fuck you want, at whatever price you want. +Basically the title. So sick of seeing these shilly posts which dont do anything more than scare ppl. If there is something news worthy there, okay, by all means post it. But now it is just FUD articles being spread by ignorant apes or shills, which dont add any value to the discussion or hype on this beautiful sub. +We did it, shots fired from Citadel to Robinhood. + +Congratulations on this successful psyops campaign that all of us didn't even know we were running. + +We've broken their ranks, their spirit and their hope. + +All we had to do was be mentally retarded and sit, play games, uselessly decipher tweets that were almost always completely wrong interpretations, shit post, let smarter people do the research, read a tldr, go to sleep and dream of MOASS, love each other, shove bananas in our butts, liquefy a sock and drink it (hope you're okay dude!), go back on our bets for shoving a watermelon in our butts because "scared" and our "eye" was smaller than our brain, call people shills, realize every post is shilly and bullish at the same time, say mayoman 874,890 times, make bed posts references, fly planes with signs on them and #REGISTER #OUR #SHARES. + +The past 9 months have been wild, frustrating and fun. Congratulations people, we've done a psyops without even being aware we've done a psyops. The walls are cracking and we don't have much further to go. + +Now continue #REGISTERING THOSE SHARES! +I'll officially be out of poverty soon. I completed orientation yesterday. My first check will only have 7 hours on it. My next one will be the check I will be getting each pay day and will be making 4 times what I make now. + +I am so scared I'll lose this job in about a week because of all my other jobs let me go after a week or two. But this one seems like a perfect fit for me. + +I am slowly crawling out of poverty and it feels good (and terrifying). + +Edited to add: First day is done and I am confident I am not going anywhere. This is a good fit and they like me. + +Also, I am trying to reply to everyone but there are a LOT of replies. I'll get to them all eventually. I promise. +My parents have the option to cancel their life term policy and cash out $75K. + +If my father passed away, their would be a $225K payout. + +The policy costs them $148/month. + +They would use the $75k to pay off two cars($16k total) and help pay for mine and my brother’s weddings ($3k each). + +They’re thinking they don’t need the policy anymore because they do not have any young child dependents anymore but my mom, who works part time. + +They have about a $750K net worth with $350k from the house that they own. + +My parents are 65(dad) and 59(mom) + +Should they cancel their policy? + +Edit: not a term life policy. It is a whole life policy +It's like it happened over night. One day sometime in September or August of 2021 there was news that theyre banning retail from trading these types of stocks and the ban was almost immediate. + +This tells you they can and do work fast when they NEED to. Why did they cut off retail so quickly ? What happened around this time ? + +Someone correct me if I'm wrong and they were talking about banning these from retail prior but /u/thabat came out with cellar boxing right around this time and almost immediately after they pushed this rule banning retail. + +Sooooo, doesnt it make sense that they knew we had caught whiff of how to royally fuck them? If retail had begun buying into cellar boxed stocks it wouldve crushed their margin controls because it's likely all of their margins are controlled by tickers that they successfully boxed in right ? Isnt that the point of cellar boxing? Having a massive profitable position you can leverage against and never close? + +Anyway, just a random couch thought I wanted to share. +Hence, Hedge funds don't ever lose on option plays. The recent hype "dated" posts made apes lose so much in option trading. Simply don't trade options. + +I am not going to start this off by saying "I am smooth brained Ape with little knowledge blah blah..." No, I know what I am talking about and this is how the whole story develops: + +1. We get so hyped up from certain "dated" posts (DD) and we expect the price to shoot up in that specific date. +2. Market Makers/Hedge Funds create option calls and sell these calls to Apes and make a killing. Apes buy those calls thinking it's a win win for them. +3. Hedge Funds/MM look at the "calls" ratio and see it's very high, because of course Apes think they price will shoot up. +4. Hedge funds/MM buy "puts" against Apes' "calls". +5. Hedge funds/MM or aka "Shitadel" direct buy pressure or FOMO, if any, through dark pools and can even short the stock with very small amount of phantom shares. +6. The price tanks on that "hyped" date and Hedge Funds collect tendies from their puts. On the other hand, Apes get frustrated, helpless and powerless. "BTW that's the psychological war that they have been playing since Jan. They want you to hate the stock and wash your hands from it". +7. As you can see, they make money on both ways. Selling new call options to Apes and buying puts on the way down. +8. Rinse and repeat for the last 6 months and make millions of dollars off Apes. + +That's why I have been saying this since January. Apes will never win this war until they completely stay off options. Don't give them more ammo. Please don't. + +Furthermore, Apes need to downvote every hype post with specific "date". Or simply ask Mod to add a rule and ban dates. Just hodl, buy the dip whenever you can and wait for RC and his team to do something about this. Be fucking patient. Apes got this. + +- Low volume, doesn't matter +- FTD, doesn't matter +- Interest rate, doesn't matter +- TA, doesn't matter +- Exponential chart, doesn't matter +- REPO payment, doesn't matter +- Number of phantom shares, doesn't matter +- The Ken's ex wife story, doesn't matter +- s&p 400 or even 500, doesn't matter +- MACD, doesn't matter +- Positive Earnings, doesn't matter +- VWAP crossing, doesn't fucking matter +- Don't expect SEC or DTCC to do something about this. Apes are dealing with professional criminals who have been doing this for decades. + +The only thing that matters in this fight is RYAN Cohen. RC needs to act and take the matters into his own hands. I am sure he's working tirelessly and has a plan in place to expose the criminals and protect shareholders interest. Also, remember, besides fighting for apes, he's also fighting for his own 9,000,000 million shares and his future. + +Edit: the "we" in the title refers to "shareholders" who are interested in GME, not "we" the cult one. Aka, everyone is this sub is a shareholder and we all care about the future of the company. + +Edit 1: 9,001,000* + + +Edit 2: RC is well-aware that Apes can make or break his company. At the end of the day, we are the one who buy their products, not Hedge Funds. We already saved the company by buying its underlying stock. But most importantly, we continue to buy their products. I am sure he will fight to protect those who protected him. +A showerthought I had. I recall that the EU was issuing eurobonds for its NextGenEU project but that it would be a one-time thing. Which made me wonder why the EU hadn't done this before or why it's seemingly hesitant to make it a permanent thing. Wouldn't such a common bond be economically beneficial to a lot of member states? Especially poorer ones? +I just absolutely don't get it. CPI is higher which is bad, yet the market is trading sideways and actually going up. I just don't understand what exactly is going on and what the market outlook will be. + +&#x200B; + +(I own SQQQ BTW) +I think this is relevant under FF lifestyle. + +I'm reading this book called "How to be Invisible". It's pretty fascinating / terrifying how different levels of private investigators can find information about you. One of the pillars of the book is essentially to NEVER tie the address of where you actually live to your real name. Alternatives include a PO box, using fake names, owned by anonymous LLCs, getting a "ghost address", etc. None of this ever occurred to me outside of having rental properties owned by an LLC for legal asset protection. + +Does anyone else take it to the extreme of never revealing your true address for privacy given your Fat profiles? What other privacy protections do you take? Really interested in hearing. +I Love You guys so much man, + +Its been hard to dream while i was in FUD that the whales might bail before i reach the ceiling, i have yeeted everything with my teeth grit, challenging the world to come at me while i hide behind my 8 shares to take me to the moon, And now i see the XXXX and XXX hodlers are making way for us X, thats the shit my family even wont do for me ...Behalf of all the X hodlers THANK YOU SO FUCKING MUCH + +Edit: Reading each and every comment and my heart skips a beat, We are going to go down in history as the best community that ever existed !! +Or baffles you that more people don't understand? + +Mine: I only just understood the purpose of using super to offset taxable income -_- (I'm new to this!) +Oh boy, what a crazy year 2019 has been! Lost my father, whom I couldn’t see because of my immigration situation, stopped working for a while, racked huge debts (4000$ for rent ALONE), it has been a crazy journey and a steep climb for me to be able to repay my rent owed, getting letters from debt collectors and calls at 6 am from my landlord but I made it. I have been working everyday 12 hours + and i have repaid a big portion of my debts over the last few month, now all is left is my credit card balance which i’m going to drastically improve within the next couple of months. I’m so motivated and i know that i will get back on my feet and start actually saving and investing into my future! +I'm reading a book on forex trading (in general). **should I be reading a book on Forex day trading specifically?** + +**What's the most common (or best) style of trading used with forex trading?** + +&#x200B; + +P.S. as I'm sure you can tell, I'm a noob + + +Edit: Thanks for the advice everyone! I read and upvoted everyone's comments! +FUD will continue to get worse and worse as time progresses. The shills are evolving and getting better at creating FUD that looks like a legit post. This is absolutely nothing compared to what DFV has dealt with because we now have support. He didn't have support for a very long time. + +Seriously this guy is amazing. His determination and willpower is absolutely inspiring. He did his own research and stuck with the DD instead of letting his emotions get to him. No doubt he had some sleepless nights debating in his own mind wether or not he made the right move but in the end he stuck with his own research and the deep value he saw in the stock. + +He delt with more FUD than any of us ever have or ever will in the future. I completely believe shills were targeting him even back when he first started talking about GME. But what he really had going against him was that just a small group of people saw what he saw and he had little support. Most people ripped into this guy for making what they thought was a stupid bet. He continued to post updates win or lose... + +He still stuck with it and now look. He's a multi millionaire and probably gonna be one of the wealthiest people on the planet from this. This man held for so long and didn't sell a single share. He only sold half his ITM calls and most of that profit went to quadrupling his position in the common stock. + +TRUST THE DD! DO YOUR OWN RESEARCH!! THE NUMBERS DON'T LIE!!! EVERYTHING ELSE IS JUST SPECULATION OR FUD!! + + +Nikola ([NKLA](https://finance.yahoo.com/quote/NKLA?p=NKLA&.tsrc=fin-srch)📷) and GM ([GM](https://finance.yahoo.com/quote/GM)📷) are teaming up to take on Tesla’s cybertruck. + +The electric truck startup announced Tuesday it has selected GM to be its manufacturing parter for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. Additionally, Nikola will hand over $2 billion in stock to GM — giving the automaker an 11% stake in the company. + +“Nikola is one of the most innovative companies in the world. General Motors is one of the top engineering and manufacturing companies in the world. You couldn’t dream of a better partnership than this,” said Nikola founder and executive chairman Trevor Milton in a statement. “By joining together, we get access to their validated parts for all of our programs, General Motors’ Ultium battery technology and a multi-billion dollar fuel cell program ready for production. Nikola immediately gets decades of supplier and manufacturing knowledge, validated and tested production-ready EV propulsion, world-class engineering and investor confidence. Most importantly, General Motors has a vested interest to see Nikola succeed. We made three promises to our stakeholders and have now fulfilled two out of three promises ahead of schedule. What an exciting announcement.” + +Added GM Chairman and CEO Mary Barra, “This strategic partnership with Nikola, an industry leading disrupter, continues the broader deployment of General Motors’ all-new Ultium battery and Hydrotec fuel cell systems. “We are growing our presence in multiple high-volume EV segments while building scale to lower battery and fuel cell costs and increase profitability. In addition, applying General Motors’ electrified technology solutions to the heavy-duty class of commercial vehicles is another important step in fulfilling our vision of a zero-emissions future.” + +Thus far, the Badger has been a mere rendering that has lit-up social media feeds. + +The company did begin taking pre-orders for the electric super pickup truck in late June. On paper, the truck stands to be a beast. It’s expected to have 906 horsepower and have a 600-mile range using both battery and hydrogen fuel cells. Nikola has said pricing will start at $60,000 for the electric vehicle version and $90,000 for the one that also includes the hydrogen cell. + +The Badger is expected to be unveiled in early December. Production has been set for 2022. +Just went through this library that saved me quite some time: + +[https://investpy.readthedocs.io/index.html](https://investpy.readthedocs.io/index.html) + +Other projects of the developer can be looked at here: +[https://github.com/alvarobartt](https://github.com/alvarobartt) +First off, before you think I'm crazy, we are paying extremely cheap rent. My mom owns several investment properties and graciously allowed my husband and I to rent one for half of market value while I finished graduate school, and my husband is building his career. We realize we are extremely lucky and we are very grateful to her. + +I live in Southern California where property is extremely expensive. The only way we would be able to afford property of our own is if we moved to the outskirts and we both resigned ourselves to a long commute. (over an hour one way in heavy traffic) We have decent nest egg to put down for a down payment on a cheaper property. Would it be a completely stupid idea to buy a property on the outskirts of our city to rent it out, while still renting ourselves? +This may be completely off base and I might get massively downvoted for this, but in my experience companies that talk about culture are often the worst. "Inclusion and diversity" is pretty normal to see nowadays and I think this is neutral, but when small businesses or medium businesses say "we are all a family" and "we support each other" and then start banging on about "teamwork" and "fairness", I find that the work environment is anything but that. + +Thoughts +Have accumulated millions of Chase points in the past year and not sure about the most efficient way to use them for travel. Haven’t really touched them except for one time where I booked a flight in the portal. + +Does anyone have any tips? Is it best to transfer them out of the portal? What are your strategies for utilizing points? + +Any advice would be greatly appreciated! +**\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +Salutations, apes. + +https://preview.redd.it/b38sk0hf2yw61.jpg?width=1200&format=pjpg&auto=webp&s=1ea3c93becde0c24de8af8437b60b9974b47c6a7 + +Last night, as I was listening to Carly Rae Jepson's smash hit "Azz & Tittiez" in my race care bed, a thought came to me: hedies r fuk. Then I woke up to my wife yelling at me to pay her boyfriend's rent. I immediately apologized to both of them and bought him flowers and chocolates so he knows that I care about him. This DD isn't going to relate to GME's chart or FTD cycles directly, instead, it's going to be an explanation of why institutions are willing to take these risky bets on GME and other securities and how it affects us. + +Since I've been active on GME-related subreddits I have commonly heard the phrase "(insert institution) hasn't learned from (1987, Dot Com bubble, 2008, January squeeze, etc.)." I am here today to give my reasoning on why that is not the case. The people that run these institutions went to some of the top universities in the world, have a ridiculous amount of experience, and have almost unlimited resources at their hands. Though we hate them, they are undoubtedly very smart people. So, the idea that they haven't learned from past mistakes is not correct in my opinion. Instead, they understand that taking an astronomical risk in the American financial system can lead to big rewards. Even if this astronomical risk goes completely tits up and leads to bankruptcy, the system is set up in a way that the big players in the institution do not lose much money, are not prosecuted, and have ample opportunity to set up other firms/institutions after a previous one fails. The only people who lose in these situations are the investors. Here, I will be documenting case studies of large institutions failing and showing how the people at the top of those institutions came out completely fine and were able to continue making money despite failing. Therefore, the idea that they haven't learned from their mistakes is incorrect. Instead, the consequences associated with failing on Wallstreet are so insignificant that it makes complete and total sense for any large institution to take an astronomical level of risk because they know that the money machine allows them to just move on somewhere else and keep pumping money. Below are the case studies. + +**1. Bill Hwang - Tiger Asia Management** + +By now, we all know who Bill Hwang is. What many don't know, however, is where he started. Hwang started at Tiger Management, a huge and successful firm. Hwang was one of the most successful "Tiger Cubs" to come out of that institution and went on to start Tiger Asia Management. Hwang took heavy losses due to the 2008 crisis and was convicted of Insider trading in 2012, which forced the fund to close. He was banned from having outside money for investment. He then started Archegos, a family office. Despite being a convicted felon and insider trader, Hwang was able to get an insane amount of leverage from multiple prime brokers. We all know that eventually these bets turned bad and he got margin called. The man is still a multi-billionaire and there is no indication that he will be charged again. + +**2. Steve Cohen - SAC** + +Many of you might also know of Steve Cohen, who currently runs Point 72, which gave Melvin a $2 Billion infusion to save it from the GME January squeeze. Many people speculate that he was the inspiration behind Bobby Axelrod in the show "Billions," which is an absolutely amazing show that you should watch, because of his dealings in SAC Capital. Cohen ran SAC capital since 1992 and grew it into a multi billion dollar institution. He was known for extremely aggressive, borderline illegal trading activity that netted him insane returns. In 2013, the firm pleaded guilty to insider trading. From this, Point 72 was founded. Cohen's net worth has increased significantly in the past decade. + +**3. John Meriwether - LTCM** + +Long Term Capital Management, LTCM, was one of the most successful institutions in the 1990's. Founded by multiple award-winning economists, the fund had an ingenious strategy to trade on bond arbitrage. The firm was able to take out over 100x (I'm not even kidding) leverage because their strategy was so risk free. The only thing that could destroy this strategy would be an international bond crisis, which was extremely unlikely. Enter the Russian Bond crisis in the 1990's. This made the firm go tits up. Because of the insane amount of leverage they had, the FED had to bail out this firm because it could've started a global financial implosion (think Archegos but about 1000x bigger). The firm went defunct in 1997. Their CEO was John Meriwether. Where is he now? He has since started two HFs: JWM partners and JM Advisors. He still makes millions every year. + +**4. Dick Fold (lol) - Lehman Brothers** + +We all know the story of Lehman Brothers in 2008. They had some of the largest exposure to CDOs and SPM in the financial crisis, which caused them to go tits up. Their CEO: Dick Fold (c'mon bro just go by Rich or something, why do you have to go by Dick with a last name like that). His lack of oversight and complacency with these bad bets is a large reason why the institution had to undergo the quickest and largest bankruptcy in US history. Where is he now? He currently manages a multi-million dollar institution called Maxrix Private Capital where he is still making multi-millions per year, despite the fact that he should probably be in jail. + +**5. Raj Rajaratnam and Gary Rosenbach - Galleon Group** + +Galleon Group was at one point one of the biggest HFs in the world, managing over $7 Billion in assets in 2008 at its peak. In 2009, multiple members were arrested for insider trading. The fund would close because of this scandal. Where is our boi Raj now? Raj is in jail, serving the longest sentence ever for insider trading (a measly 11 years). Raj is the rare case of someone who committed crimes so obvious that he had to be arrested. Where is Gary? He is currently the CEO of Eider Fund LP, making millions per year. + +**6. Amaranth** + +Aramanth was one of the biggest HFs at its peak with AOM of over $9 billion. In 2006, it took a loss of over $6 billion on natural gas futures. Currently, the traders responsible for this are all employed at various HFs making millions and none of them have been sent to prison. + +**7. Every bank associated with Archegos** + +It has been widely reported that the banks associated with the Archegos situation disregarded and even overrode their risk management departments. Why? Fees. They were willing to take an extreme amount of risk on a convicted felon because total return swaps, the instrument Hwang used to get his leverage, come with some nasty fees for the banks giving the leverage. + +There are SOOOOOOOOO many more examples of situations like these. I could probably take a dive into the Dot Com bubble, more firms from 2008, and firms that went defunct during the covid crash to find more examples, but I bet that you get the point by now. When a fund fails, unless the traders' actions were so blatantly illegal (lmao Raj), they are not penalized and are still able to make millions in the financial world. The next question is why? + +**Why?** + +Why can the leaders of these funds take billions of dollars in losses, come out clean on the other side, and go on to start firms that give them millions of dollars a year? There are many reasons. The most glaring reason is the lack of enforcement at the SEC and justice department. It blows my mind that only 1 person was put in jail for the 2008 financial crisis (don't know his name but remember hearing this at the end of the big short). There was clearly criminal activity going on but still no accountability. Even worse, people who commit insider trading rarely go to jail and are still allowed to trade in financial markets with only a few restrictions as a result of their conviction. So what this tells us is that the legal penalties for extreme/illegal risk-taking are minuscule or nonexistent. + +But what about Wallstreet itself? Surely there should be reputational damage to people who lose money like this? To an extent, yes. None of these people are given positions at giant institutions immediately following their controversy. However, almost all of them have no issues in getting funding to start their next ventures. Why? Connections. + +So why can they still make money afterward? The way that fee structures are set up on Wallstreet makes it very easy to make money as long as you can secure funding, which is easy because you have so many connections. The famous 2 and 20 structure of HFs (2% immediate fee on assets and 20% of returns go to the fund/trader) makes it insanely easy to make money this way. Fees are how these institutions make money. This explains why big banks were willing to take such big risks on Archegos and in 2007 (SPM had some of the biggest fees for banks as underwriters). Ever heard the statistic that HFs have only returned like 2-3% on average for the past decade? They're still in it because the business model is tied around the idea that the more outside money that flows into the firm, the more they get on that initial fee, so their net worth is not tied to how the fund does, it's tied to their fees. + +Moreover, the house always wins. You probably keep hearing the phrase "70% of options expire worthless," which means that the house (MMs) win 70% of their bets WITHOUT even considering how hedging these bets probably makes that 70% more like 90%. So when you have a lot of money, it's relatively easy to make more money on it if you engage in market-making activity. + +**Conclusion** + +Therefore, what we must understand is that this isn't stupidity, it's a lack of consequences. The reason that these firms made such huge bets against GME was because they thought "we might hit the bankruptcy jackpot and not have to cover our shorts. If we're wrong maybe we lose a little but make it back on something else. If on the off chance we are wrong big and the firm goes tits up, we'll just start another one." + +The only people who suffer when a fund goes tits up are the investors in that fund. The ones at the top of it are fine and just move on to the next thing. Remember, the only people who suffered from Archegos were investors in Viacom and Discovery and Credit Suisse because they're stupid. + +Thus, we are not dealing with stupid people, we are dealing with people who have nothing to lose, which is why they have dug themselves into these asinine situations. Even if these firms lose money, all of their money isn't tied into it, so the only real losers are the investors. The leaders of the firm can just start their next venture. + +NOW LET ME MAKE THIS CLEAR: I am not saying that we shouldn't call these HFs stupid and I am not defending them by any stretch of the imagination, I hate them too. What I'm saying is that we shouldn't be thinking that they're doing this because they're stupid, they're doing this because of greed and a lack of consequences. I believe that this benefits us because they will keep digging themselves into a hole, which will make the squeeze bigger, because they know that even if they go tits up, they will be fine long-term. + +https://preview.redd.it/vo4jqdax0yw61.png?width=250&format=png&auto=webp&s=accd87b266ce7e3d2d48f8a9392abea6b36e6f84 + +The HFs think they have nothing to lose? Here's a picture of Apes who have been bag holding since January: + +https://preview.redd.it/2o5vd1021yw61.png?width=225&format=png&auto=webp&s=6db13df63000111c1b6b85dd85e39393f3fc4d94 + +Yeah, I'll be on apes any day of the week. + +**TL;DR** + +The way that the financial world is set up, money managers have nothing to lose if their firm goes tits up. The only ones who lose are investors. They are not stupid, they just know that if their firm goes tits up they can go on to the next venture and make money. This explains why they have gotten into all of this risky behavior. The lack of consequences benefits apes because it demonstrates that HFs are willing to get themselves in a conundrum, which will make the squeeze bigger, because they have no consequences. + +**\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +Hi all, + +My wife is applying for a separation and we will need to meet with someone to discuss division of assets and childcare. We have two children ages 5 and 8. I am on a good income ($130,000pa) and my wife is on under $30,000pa. We have always shared everything, but still find ourselves living week to week. We have a home with a mortgage, the deposit of which drained our finances. I never foresaw this being an issue, as I never imagined this situation. + +At this stage we are living in the same home and continuing care of our children. We share a bank account with about $6,000 in savings. A $300,000 debt from our home and limited investments. I drive a banger of a car to and from work, and my wife drives our Kluger, valued at about $25,000. + +Any tips on managing the separation? Neither of us want to leave our family home. +Gaming company Roblox expects to be trading publicly on or about March 10, per Bloomberg. The company will be going public via direct listing, similar to Palantir and Spotify most recently. The company is currently valued around $29.5B. + +Still undecided on investing, will probably sit on it for a week or so to see direction. + +[S-1 filing](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) + +Edit: just because it's in the comments a bunch, price should be around $45/share on release. Good luck getting that price before it jumps. + +Edit 2: Ticker will be RBLX and you can buy it through your broker just like you'd buy any normal stock. No crazy IPO hurdles in a direct listing, Roblox will be selling shares directly to the open market. +For me it's a win win. All my savings grow every single day. It takes away the stress and FOMO. And before I know it, I'll acquire shitloads of compound interest in the same time it takes people to save up $100k for a deposit on a house in Sydney. + +I don't even care about spending money on rent. It's not dead money to me. I rent and live in a beautiful part of Sydney, by the bush, near a creek. Plenty of rentals around in the area that I want to live. + +I Just think that people around my age (late 20s) are profusely chasing their own tale, wasting their lives away towards an unachievable goal of buying a house in Sydney and being shackled to a mortgage for the rest of their lives whilst feeling miserable all the time. I couldn't give a fuck less about owning a house. +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! + I've been really bored lately and suddenly felt the urge to make money instead of just playing games all day. I would really appreciate any suggestions on how I should invest my 4000 dollars? (CAD). +Welcome to the first user hosted **/r/EthTrader** Daily Discussion thread. Clearly someone is on vacation enjoying their lambo so we must take action upon ourself. + +The thread guidelines are as follows: +*** + +* Follow the golden rule. + +* General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. + +* Breaking news or other important content should be submitted as a separate post. + +* In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. + +* Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link] (https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.` + +*** +Thank you in advance for your participation. Enjoy! +Hey again FatFire crew - I’m on a flight and don’t feel like working so here’s the 2nd post. + +I’m on the verge of pulling the trigger on a dream car - exotic in the 200k+ range. I’d love to get some perspective on owning one of these cars. + +I have two big questions for owners of these sort of cars - + +1. I’m having a hard time justifying the spent. As a kid I grew dreaming of owning a car like this. But finally getting here, I look at everything as a trade off - if I buy this car, I can’t do x investments this year. Or I could use this money for good, I could donate it, provide scholarships, etc etc. + +Those that own these types of cars - any perspectives on why you made the buy? And on the flip side, those that have the means but decided not to make a purchase - what was your logic? + +2. If I were to buy this car - any downsides that are not super obvious that I should be aware of? I know maintenance will be a bitch ($28k for ceramic brakes!!). But anything that didn’t become obvious until later? Eg - I’m worried about how ppl might treat me. Right now We live well, but no one (friends/family) quite know how fortunate we’ve been. This would be quite the conspicuous purchase. It would be the biggest flash of wealth ever and it seems like there is no turning back once you have it. + +Owners of exotics - any regrets that you didn’t foresee? + +Thank you all! + +Edit: brakes not breaks 🤦‍♂️ + +Edit 2: Bought the car - got delivered yesterday- Merc AMG GT R Roadster - went on a 2 hour drive and was loath to put it away for the night. +what percentage split do you recommend a portfolio of only dividend stocks to be...individual company stocks vs ETFs...currently split about 80% & 20% respectively. Thinking I should have more in the ETFs +I'm curious whether you plan on leaving a trust for your children/grandchildren, just enough to get them through their educational years and into their own careers, teach them the family business, nothing at all, etc? I'd love to hear some of your plans! +Hi all. + +Today was the 18th lowest volume in the last 10 years. AND the 2nd lowest volume day since our current journey began. + +I haven't been around much because...life.... + +But I have been watching the volume on and off over the last few weeks. And today was like...WOAH!!!! I downloaded the volume history for the last 10 years and sorted it low to high... + +As the title states... HOREY SHEET... Arrakis is starting to look like the water planet in Interstellar. + +I am posting a table of all volumes under 1,000,000 in the comments. Unfortunately, no high score in the left hand column.... + +Buckle up. + +BUY, HODL, DRS. + +EDIT: + +In the realm of the current interest in the latest iteration of DUNE... + +Litany Against FUD & SELLING + +"I must not SELL. +SELLING is the MOASS-KILLER. +SELLING is the little-death that brings no MOASS. +I will face the FUD. +I will permit it to pass over me and through me. +And when it has gone past, I will turn the inner eye to see its path. +Where the FUD has gone there will be nothing. Only Apes will remain." + +BUY, HODL, DRS! +I have posted before on Online Portfolio Selection, which is my favorite trading family of strategies. +I use, in real trading, much more sophisticated metrics (with much better results, like 2x easily per year) but with a very similar general trading philosophy as in the following interesting and pedagogical exercise. +OLPS rely on a predictive measure of performance to dynamically select weights for the next trading period for each asset in the portfolio. Some OLPS use a mean return and other a trend following approach. The weights are proportional to the predictive measure and they are updated at each iteration. +In this exercise, I wanted to see if the simplest possible predictive measure could work. What could be the simplest possible predictive measure? Of course, the price change today = the price change tomorrow. +I took the stocks in NASDAQ 100 and then sorted the stocks in terms of their price ratio (the price of the stock today vs yesterday). Then I used both a mean return and momentum following strategy. Instead of weights, I selected the best performing and worst performing stock according to this simple-minded metric. +By themselves, each of these strategies does not work very well (try it). +But then you can optimize (using the walk-forward optimization) between the two strategies (mean return and momentum). Basically test continuously on short time scales which one is doing better (mean return or momentum following) in recent market conditions and select the stock from the best performing strategy in that testing interval. +Such a simple and almost parameterless strategy gives surprisingly good results: a cool 5x in about 3 years, which is much better than most ETFs. +Not necessarily the best algo trading in the world but a decent Sharpe and gains and an exercise to demonstrate how a simple, robust approach can give a strong performance that outperforms easily the market (the fully market efficiency theory is clearly wrong in short time scales). Try this exercise yourself and I think you will gain a lot of intuition. Let me know if you need help in setting up the algo. + + +https://preview.redd.it/42buyyzgy0u61.png?width=1151&format=png&auto=webp&s=eae38a71edd378699e4cbff0481583bd8a133657 +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 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/ywAGqfUAQE) +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). +It seems there’s a lot of success stories when it comes to property + +I’m wondering if there’s anyone on here who has a negative experience with property investment (expensive repairs, concrete cancer, defaults during high interest rates etc.) +Meet the Investigators +There are conflicting arguments about whether GME was a battle of long and short hedge funds, whether retail investors through Robinhood and other trading apps played a significant role, or maybe both. + +Robert Shapiro, chairman of the economic advisory firm Sonecon and undersecretary of commerce for economic affairs under Bill Clinton, believes the war between hedge funds theory, with a healthy dose of “pump and dump” market manipulation and naked short selling. Shapiro has testified before the SEC and criticized it for failing to take effective measures against naked shorting. + +Read the full story here: + +https://prospect.org/power/how-the-gamestop-hustle-worked/ + +EDIT: it is NOT behind a paywall. You just have close the pop up. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi guys, I noticed a lot of newcomer investors are joining lately. A lot of them are not very informed, if at all. So they end up doing rash decisions based on media headlines and random suggestions. + +That’s why I spent some time creating this guide that can help everyone make a bit more informed decisions, at least in regards to the oil markets. Let me know if you find it valuable, I might try and do other similar guides in the future. + +As for the guide - [Here It Is](https://zerotofreedom.org/everything-you-need-to-know-about-the-2020-oil-crisis/) +So I just had my mind blown by chaos theory. I always thought that making good models that could predict the future reasonably was just a matter of finding the right equations. Of course I knew of the butterfly effect, but I thought it was caused by external factors, something you didn't put in your equations. Does your prediction not match? Well then, it must be external factors and your system just isn't complete. But you would still get a rough estimate, right? Since these external factors only play a small role initially and don't have any large effects instantly... No. + +Turns out there's actually another reason why it is so hard to predict the future. Chaos theory. Short explanation. Complicated (dynamical) systems are really depended on initial conditions. Take for example this double pendulum beneath. Notice that they start at almost the same starting position, however not quite the same. Quite quickly the paths totally diverge! The system becomes chaotic even though it is perfectly modelled. So even though there are no external factors it would be super hard to predict what route it would take if we would let it go at a random position. This [vid](https://youtu.be/fDek6cYijxI) explains it really well for anyone interested. + +It might be a bit depressing that we're unable to make perfect algo's that will make us rich, but I think it's also comforting that large companies with supercomputers are also struggling because of this ;) + +https://i.redd.it/ohu68p68j2261.gif +The amount is big enough so that with the right moves you will have a stable return for many years, but the global economy is literally frightening. Everything has become more expensive. Even a real estate investment finds you faced with homes that are overpriced compared to the past. At the same time, you can't leave money in the bank with inflation running rampant. + +What would you choose and why? +Hello Apes I've posted this before, and I am posting it again and again. + +This 3 min video explains what the MOASS will look like and we must never ever assume that as soon as the price stops going up it is over and start selling. + +[https://www.youtube.com/watch?v=mVDGU-iFLIU&list=WL&index=86&t=97s&ab\_channel=AndyLee](https://www.youtube.com/watch?v=mVDGU-iFLIU&list=WL&index=86&t=97s&ab_channel=AndyLee) + +Remember WE CONTROL THE PRICE, WE LET IT RISE UP TO THE HUNDREDS OF THOUSANDS OR MILLIONS. AMC and GME to the Moon!!! + +I am posting this on AMC and GME and Superstonk + +&#x200B; + +THIS IS NOT, I repeat NOT a suggestion to Day Trade! I'm guessing everyone here has been holding not some random day trader passing around and picking info from groups. + +I also would not risk day trading and buying a shares that cost 1000 then 10K or 100K each. Dumb risk and too much + +&#x200B; + +&#x200B; + +Edit: Thank you to everyone who generously gave me an award. It is kind very kind of you. + +Give and you shall receive! +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 💰 + +🙌💎 +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! + +This is complete speculation, please take this all with a grain of salt, and no dates… but… + + +For those of you that have read the DD about the crypto dividend I’m sure you’ve heard of the ability that it has to absolutely fuck the shorts, [much like it did with Overstock way back when.](https://www.irmagazine.com/technology-social-media/how-overstock-used-blockchain-distribute-its-digital-dividend#:~:text=The%20OSTKO%20token%20represents%20a,liquidation%20rights%20of%20common%20shares.) I won’t be going into the details of how well this would work, there’s other DD on that, or the legal issues surrounding it, which GameStop has covered their ass in concern of this, but I will mention why I think that this week will end amazingly. + + +The date of the token at nft.gamestop.com is July 14th, which many have pointed out to be Bastille Day, where the citizens of France stormed the military fortress and prison of Bastille, a major turning point in the very french revolution (an uprising very much based on ‘eating the rich’). Technically settlement makes this iffy and they could announce the record date being the 16th which would mean that the moass ends on the 14th, which would also be cool. + + +If Gamestop is to issue a dividend they are to inform the public at least 10 calendar days in advance of the record date, as per NYSE rules. Let’s pretend for a second that the record date is July 14th. + + +July 4th would be the latest that this dividend was to be issued, and today is the earliest. Clearly it won’t be today because [CEO Matt Furlong’s compensation is based on the closing price of June.](https://www.reddit.com/r/Superstonk/comments/o7ek0q/a_lot_of_apes_are_forgetting_about_the_details_of/) + + +July 4th looks nice, as Cohen [has tweeted](https://twitter.com/ryancohen/status/1399526466770059268?s=19) flags [a couple of times](https://twitter.com/ryancohen/status/1385989779129503746?s=19), but unfortunately July 4th won’t work either, as it is both a holiday and a Sunday. + + +July 3rd won’t work because it’s a Saturday (dividends can’t be announced on a weekend because the SEC office is closed). + + +This leaves us with July 1st and July 2nd. + + +July 1st is a possibility, and maybe that would make sense. Furlong gets fairly paid his shares and July 1st is Canada day which could possibly have been construed from Cohen’s recent Terence and Phillip tweet, but that would be on an odd day and that tweet was better related in that DD about him tweeting shit before GME shits. + +Now July 2nd… July 2nd. It’s on a Friday, which is lovely, and it’s the weekend preceding the 4th of July. It would be very hype all on it’s own but you know what really makes me think it’s the perfect day? Remember those American flag tweets? + + +[July 2nd is ‘Made in the USA day’.](https://www.checkiday.com/79893609718e2d80665086187bfda4dd/made-in-the-usa-day) + + +And guess what happens if those tweets come out after hours. The first trading day following that is July 6th (the fifth being closed for July 4th’s observance). July 6th being the morning of a Tuesday. A Tuesday morning. + +[Now where have I heard that before?](https://www.reddit.com/r/Superstonk/comments/mpyk55/tuesday_morning_it_is_streetview_from_the_store/) + + +Tits jacked. *ᴮᵘᵗ ᴵ ᶜᵒᵘˡᵈ ᵇᵉ ᵗᵒᵗᵃˡˡʸ ʷʳᵒⁿᵍ ᵗʰᵒᵘᵍʰ.* + +--------------------------------------------------------------------------------- + +EDIT: Additionally, I think it would be in Gamestop's best interest to do so. This would ensure that all the July 16th options go in the money, so even if it doesn't manage to force all the shorts to cover (which in my opinion it does, but let's pretend it doesn't) and simply introduces a ton of buying pressure, the buying pressure + gamma squeeze from those contracts would send the price of GME far past the point of forced liquidation. The E tee H (why is their a filter for something literally Gamestop related) smart contract is also already in place, and while I don't know if they put in the ability to alter it after the fact, if they didn't then this could ensure no interference with said token. I also think if they were to announce that they are launching an NFT platform they would probably do so in conjunction with the dividend, and a few days in advance, not have it be immediately live. Granted, they could just be launching the token then and all of this is irrelevant, but I choose to believe that the leadership is cooler than that and would like to get this along as soon as possible to actually do work in the company and not be inundated with dealing with all of this naked shorting and moass stuff. + +(If you're seeing this twice it's because the post got deleted by the automod for crypto words :/) + + +EDIT 2: + +["Put on your tinfoil hat and look at RC’s past tweets. On April 24, he posted a pic of an American flag. How many days are there between April 24 and July 2? 69 days."](https://www.reddit.com/r/Superstonk/comments/oatbcn/im_calling_it_now_this_week_is_going_to_end_well/h3jiz4j) + +I'm going to cum. + +EDIT 3: I am not saying Friday's going to trade well btw, just that we might get an announcement friday. + +~~EDIT 4: Okay so dividend declaration dates might be able to be done on weekend/holidays? I figured not for SEC filing purposes... however I can't find anything that says that they can't [and some evidence that says that they can...](https://www.reddit.com/r/Superstonk/comments/oatbcn/im_calling_it_now_this_week_is_going_to_end_well/h3l5uxx) if so then July 4th might be the actual date.~~ + +EDIT 5: From reading [this](https://academic.oup.com/rfs/article/2/4/607/1587121?casa_token=WeDq43HiQqkAAAAA:vlVkPBxiT35evI8B8winiCD8HqjUDSCpK90k1qeK-wFSBX98r9e0xXl5QPez_GvhAFwqd4pUTVsXpg) academic article that studies the timing of when dividends are released and their effect on the market, it implies that dividends can only be released on weekdays. + +EDIT 6: https://twitter.com/ryancohen/status/1410398196610723842?s=20 + +If it happens tomorrow I'm going to cum. Send all those options ITM? Yes please Daddy Cohen. + +EDIT 7: Lmao. +Continually seeing comment after comment blaming the RBA for not taking action on house prices. Whilst lowering the cost of debt has certainly increased asset prices in Australia (much like everywhere else in the world), **it is not the responsibility of the RBA to bring these into line** + +The RBA has a 3 pronged mandate ; + +* Price stability, with a goal of keeping inflation in a 2-3% range over time + +* The maintenance of full employment; and + +* The economic prosperity and welfare of the people of Australia + +Now I know the geniuses of /r/ausfinance will say that house prices impact 3, but typically the RBA will focus on mandates 1 and 2 first, before shifting to 3. + +TL;DR + +RBA does not control house prices. +I'm an accountant and for the last few months, I've received numerous calls from clients wanting to understand what effect their huge Capital Gains from the stock market will have on their taxes - or to simply understand how Capital Gains work as they are first time investors (i.e. how does it work within an RRPS or TFSA). The last time there was this much excitement among clients about their stock market investments was in 2007, the year before the last crash. Everyone's excited about the huge gains they're making and they are all in a rush to get more money in the market to make even more money. + +I think certain investors are going to eventually walk away with the profits before anyone can notice and leave the novice picking up the pieces. +My partner and I are mainly living away from home for work reasons. It means we occasionally visit the home we own to visit (perhaps once every couple of months). + +We have a TV mounted on the wall in the property. Can we decide that we will not use the TV for anything other than Netflix and legitimately not pay the TV licence? Would it be better to say the property is unoccupied (which it is to an extent) or that we don't need it? According to the website, if we say we don't need it they may try and come for a visit but chances are there won't be anyone there. +Hey guys, anyone been watching BRK.A at all? Seeing the huge dip? Notice in 2008 when it went down? Now it's going down again. I'm just putting on my conspiracy tinfoil hat at this point, but I think something is going to happen... + +https://finance.yahoo.com/news/warren-buffett-letter-on-philanthropy-and-resignation-from-gates-foundation-130453249.html +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! +Hi everyone- Need sole ETF advise. + +Here’s some background: just found out that I will receive a $25K (net) bonus. I paid off all my loans (including car but not 15-yr mortgage). + +I bring in $150K and partner brings in $195K. After several years of hard work, we finally made it to this level of income and we’d like to plan out our investments. + +Anywhere I look, I see that ETFs is the way to go but I don’t know how to get started. + +I’d like to be able to fund my kiddo’s college, too and am hoping I can pull that off. We pay about $30K/year for private school right now (it will go up to $50K/year by the time we get to high school). And while I hope that kiddo can land a scholarship, I am very well aware of the tense competition out there and don’t want it to be a stressful event. + +We maxed out out 401(k)s already (19.5K each, I think). + +I know I am a little al over the place but what is the best way to convert the $25K in to a great growth that will help contribute towards my kiddo’s college and my retirement? + +PS: My boss also just told me to expect a min $25K net bonus every year (not included in my $150K mentioned above). + +Thank you 😊 +https://www.cnbc.com/2020/08/10/judge-grants-preliminary-injunction-requiring-uber-and-lyft-to-stop-classifying-drivers-as-contractors.html + +> A California judge granted a preliminary injunction Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. The order will take effect after 10 days, as the companies requested a brief stay during the appeals process. +> +> If upheld, the ruling could have serious implications for Uber and Lyft, both of which are not yet profitable and have seen their ride-hailing businesses suffer during the pandemic. By classifying their drivers as independent workers, rather than employees, the companies have not had to pay for costly benefits that come with a full-time staff. +> +> California Attorney General Xavier Becerra requested the injunction as part of a lawsuit he brought in May along with city attorneys from San Francisco, Los Angeles and San Diego. The suit, filed in San Francisco Superior Court, alleged Uber and Lyft violated the state’s new law known as Assembly Bill 5 (AB5), which was created as a way to classify gig workers as full employees and ensure benefits from their employers. Uber and Lyft were among a group of tech companies that have previously opposed the bill, arguing their workers enjoy the flexibility of creating their own schedules as contractors. +> +> California officials sought an injunction on the alleged misclassification and restitution for workers and civil penalties worth up to hundreds of millions of dollars. +> +> Shares of Uber were down 0.8% during extended trading Monday and Lyft shares were down 1.7%. +> +> Both companies said they would appeal the ruling immediately. +> +> “The vast majority of drivers want to work independently, and we’ve already made significant changes to our app to ensure that remains the case under California law,” an Uber spokesperson said. “When over 3 million Californians are without a job, our elected leaders should be focused on creating work, not trying to shut down an entire industry during an economic depression.” +> +> “Drivers do not want to be employees, full stop,” Lyft said in a statement. “We’ll immediately appeal this ruling and continue to fight for their independence. Ultimately, we believe this issue will be decided by California voters and that they will side with drivers.” +> +> “The court has weighed in and agreed: Uber and Lyft need to put a stop to unlawful misclassification of their drivers while our litigation continues,” Becerra said in a statement. “While this fight still has a long way to go, we’re pushing ahead to make sure the people of California get the workplace protections they deserve. Our state and workers shouldn’t have to foot the bill when big businesses try to skip out on their responsibilities. We’re going to keep working to make sure Uber and Lyft play by the rules.” +> +> Uber CEO Dara Khosrowshahi advocated for a “third way” to classify workers in a letter to President Donald Trump in March as the first round of coronavirus relief measures were being negotiated. He argued there should be a way for workers to gain protections without sacrificing the flexibility of contract work. +> +> In the ruling, Judge Ethan Schulman recognized the value of flexibility offered by Uber and Lyft, writing, “The Court does not take lightly Defendants’ showing that a preliminary injunction may also have an adverse effect on some of their drivers, many of whom desire the flexibility to continue working as they have in the past, and may have commitments that make it difficult if not impossible for them to become full-time employees.” +> +> But Schulman wrote that Uber and Lyft’s concerns that the injunction would have “far-reaching effects” had “only been exacerbated by Defendants’ prolonged and brazen refusal to comply with California law. Defendants may not evade legislative mandates merely because their businesses are so large that they affect the lives of many thousands of people.” +> +> Schulman wrote that any impact of the injunction on Uber and Lyft’s businesses would likely be mitigated by the fact that both have said the “vast majority of their drivers work on a casual or sporadic basis” and the reality that the coronavirus pandemic has “drastically reduced the demand for Defendants’ services.” +> +> “Now, when Defendants’ ridership is at an all-time low, may be the best time (or the least worst time) for Defendants to change their business practices to conform to California law without causing widespread adverse effects on their drivers,” Schulman wrote. +> +> Uber and Lyft sought to delay the ruling until there was a ruling on Uber’s constitutional challenge of AB5 or until voters weighed in on a ballot measure they sponsored to exempt them from the law. The Court dismissed those requests. +> +> Schulman said Uber’s arguments that drivers’ work was outside the ordinary course of its business, as the standard requires, was “a classic example of circular reasoning.” He summarized the argument as saying that since Uber views itself as a tech company, only its tech workers are its employees. +> +> “Were this reasoning to be accepted, the rapidly expanding majority of industries that rely heavily on technology could with impunity deprive legions of workers of the basic protections afforded to employees by state labor and employment laws,” the judge wrote. +> +> The ruling does not end the legal battles for Uber and Lyft, however. Last week, California’s Labor Commissioner announced lawsuits against the companies alleging wage theft due to misclassification. The commission seeks to recover wages it believes were owed to drivers currently classified as contractors. The suits were filed in Alameda County Superior Court. +Sup apes? + +Having a blast buying and holding? Great, me too. + +**TLDR:** + +**Kenny Boy is doing some weird shit with a company called StoneCo and increased it Holdings in StoneCo in Q1/2021 by 2281%.** + +**Other 3 main holders are Tiger Global, Warren Buffet and Cathie Wood.** + +**Please alert the Ape-Team to dig deeper into this since I am a smooth brain and just stumbled about this by accident.** + +*Sorry for all the typos and the unorganized structure. I am at work but wanted to get this out quickly.* + +I was just browsing r/superstonk and saw a heat map of the market. My smooth brain was like "lol, a lot of red", then I learned about some Spanish village that flags looks basically like the heat map today: + +&#x200B; + +[Market today](https://preview.redd.it/kkzb06ptdyh71.jpg?width=1792&format=pjpg&auto=webp&s=94a47689699d3ae0f88a4cb060dc02809db68445) + +&#x200B; + +[Flag of Zamora](https://preview.redd.it/aw23yryudyh71.jpg?width=800&format=pjpg&auto=webp&s=809f8d711316be062ae615ff0b425e37efe748a3) + +\*Please insert they are the same picture meme\* + +Shoutout to **u/**[**No\_Guava\_9842**](https://www.reddit.com/user/No_Guava_9842/) for improving my knowledge about spanish villages. This is not what I found but just an exhibit of how smooth I am - so you can better prepare for what you are dealing with. + +Then I looked at some more heat maps because I like to see a lot of red. Dont judge me. + +After watching the US market I browsed through several functions and found a thing called "World Heat Map". My brain was like "mhm lets try it".. + +&#x200B; + +[Did not know this function before today - nuf said](https://preview.redd.it/rlwz6c0geyh71.png?width=1419&format=png&auto=webp&s=910a7a69abbb857b05d351d68f5f5533f530f859) + +A lot of red huh? + +Well why are the little Caribbean Islands so hugely represented? Weird isn't it? Even taking tax fraud into account. + +So I clicked through names I have never heard and ended up with a company called StoneCo ($STNE). + +StoneCo has a market cap of 15,52 Billion USD - more than our beloved stock. + +Since I am very clumpsy (I am only allowed to drink out of plastic cups at my mother in laws house - no joke) I am really good at stumbling over weird shit and look what that made me do: + +I googled "Citadell StoneCo". + +Guess who showed up? You are right, Mayo Man. + +&#x200B; + +[Da fuq?](https://preview.redd.it/0z5245m1fyh71.png?width=979&format=png&auto=webp&s=e0539c3a90f996dadc5b59d18c973f7d2fff2c15) + +**Kenny Body increased his position by 22,8x times. Why?** + +After hitting my head against the keyboard a little bit more, I found a nice paragraph at some unserious finance blog (Yes, I am speaking to you Yahoo): + +[-32&#37; return and revenue up 35&#37; - lol](https://preview.redd.it/jjecxeohfyh71.png?width=694&format=png&auto=webp&s=170f77af5e28b9b333008c083a89b3e6ce083e3f) + +And guess for which country StoneCo is building payment services? They country where the puts are on vacation. + +&#x200B; + +https://preview.redd.it/osj4xchufyh71.png?width=620&format=png&auto=webp&s=61b7efbacd230a0d7bdaa4379b8554f00dcf29a1 + +&#x200B; + +And now look at the other names that are playing with StoneCo as toy: + +Warren BuffetCathie WoodKen GriffinTiger Global + +&#x200B; + +https://preview.redd.it/azbnudfjgyh71.png?width=1014&format=png&auto=webp&s=63883f390a537bbecea7d3dc0e8a48dc0b66d0e9 + +I honestly have now idea what all this means, but it seemed to me worth to share it with fellow apes.Maybe there are some bananas at the end of this or maybe I am just bananas - who knows. + +&#x200B; + +**Edit 1:** + + +**First of all**, I would like to thank all apes for the great feedback for this post. Please don't give me awards, you better put this money where it belongs. \*OoK OOOOk and throwing bananas\* + + +**Secondly**, I would like to point out that there are great angles that could be pursued on this topic in the comments. I will not put them here since they are all speculation until proven with data, but they are worth to be checked out. + + +**Thirdly**, I want to thank our fellow ape **u/**[**perfidiousfox**](https://www.reddit.com/user/perfidiousfox/) for his valuable comment. He gave me his approval and I will put the comment right here to give it more visibility, but please be so nice and give this ape the karma he deserves: + + +" I'm not sure what this means, but Melvin capital management LP recently invested heavily in Pago securo, a competing digital payment company...... + +[https://www.sec.gov/Archives/edgar/data/0001628110/000090571821000750/0000905718-21-000750-index.htm](https://www.sec.gov/Archives/edgar/data/0001628110/000090571821000750/0000905718-21-000750-index.htm) + +I didn't know what this meant at the time, but it seemed odd to me. Now seeing those guys going into competing companies seems at odds, but what if one of them is actually a short position marked as long? Or the MM side is registering a lot of shares so they can naked short without as much suspicion?" + +**Edit 2: Not financial advice.** +Hi Crypto Community, + +I am Guy from the Coin Bureau YouTube channel - a long time reader of this sub! + +Today I am answering all your questions. Be it about Crypto, the Coin Bureau or me. + +So, ask me anything! + +**AMA:** 4PM UK (11AM EST) > 6PM UK (1PM EST) on the 12th Aug + +\--- + +📺 My YouTube: [https://www.youtube.com/c/CoinBureau](https://www.youtube.com/c/CoinBureau) + +🐦 My Twitter: [https://twitter.com/coinbureau](https://twitter.com/coinbureau) + +📱 My Telegram: [https://t.me/cbinsider](https://t.me/cbinsider) + +&#x200B; + +https://preview.redd.it/9p80jh0m7xg71.jpg?width=960&format=pjpg&auto=webp&s=d2da43dba85318b04e164e3ee0009f7065354059 +Look at the tech stocks, they have rebounded. + +Things can't stay bad all the time (despite what the pessimists like to think), eventually things get better! + +Hold on to quality assets like ETH, and buy during the dips! + +(Avoid leverage, things will still be volatile!) + +ETH is a fundamental piece of Web3, Metaverse, and DeFi, it will definitely be here to stay! +Hi, I recently found out somebody applied for a loan in my name and also got access to my account to transfer said money out of my bank account. The loan was £19k and my overdraft was £5k and that's empty too, so now I have less than no money and a loan in my name which isn't mine, they also applied for a second loan in my name which was rejected. The account is a British account with a sort code and account and I passed these details on to Action Fraud. Somehow Natwest didn't think this was unusual account activity. + + +I have rang up Natwest today and reported the loan fraud and cancelled my debit and credit card and also filed a report on Action Fraud. +The transactions happened over the course of last week, and there are sort codes and account numbers associated with each transaction. +I can't buy CIFSA(?) protection for now because I literally have no money but that's my next step. + + +The main things I want to know are: + +* Am I liable for any of the loan payment? + +* Will get any of my money back at all? + +* Is there anything else I can do in the meantime while I wait for my new cards to arrive? + +* Has anybody on here been victim of anything similar so I have an idea of time frames or the general experience + + +Thanks. +Allow me to get evangelical about my love for BOG. If you just want a quick rundown, check the lightpaper at [bogtools.io](https://bogtools.io/lightpaper.pdf), otherwise, allow me to wax lyrical on why this is the best new token on BSC right now. Disclaimer: I hold and stake BOG since day 1 of the project and am still buying and staking now. + +First off, the usecase and tokenomics of this project mean that BOG is absolutely not a typical BSC shitcoin. However, it will revolutionize the BSC shitcoin trading game. Do you love to trade garbage like HarambeDoge Protocol, PonziBomb, SafeBetelgeuse, and RUGIN24? Is your strategy for trading these to get in and out like a thief for a quick 10x before the hype dies or the devs disappear? If so then you'll definitely want to read on. + +Bogtools is a suite of dApps for use on the Binance Smart Chain, centred around oracles that can be deployed for any token on the BSC, regardless of whether they are listed on any exchanges. + +The first app, released a few days after launch, was BogCharts. This uses the oracles to display a price chart for any token on BSC. This is neat not only because many projects do not have these until they are listed in places like CMC and CoinGecko, but also because the data shown is gathered directly from the blockchain, instead of an exchange ledger. This gives more accurate and up to date charting than is available elsewhere for BSC tokens, and allows developers of new projects to have an accurate price chart from day one. + +The second tool to be released was a verifiable random number generator (RNG), which uses a cryptographic function to prove that the number has not been tampered with in any way. The fact that this can be audited and proven to be reliably random means that it can be implemented in other projects that require it, such as casinos and lotteries, or anything that requires chance to function. + +The third (and most important) tool is slated to arrive on or before the 2nd of April: [limit orders](https://imgur.com/a/dZgeyzf) for Pancakeswap pairs. This will be implemented on the Bogtools site, and will allow you to create limit buys and sells on assets tradeable on Pancakeswap. This will be tested for reliability on 4 (four) token pairs to begin with, then rolled out to all assets shortly thereafter. Stoplosses will follow shortly after that. This is a huge deal for anyone who trades BSC shitcoins. Currently if you want to trade a newly created token, all buys and sells must be processed manually. "What if saferug moons while I'm asleep?" will never be a question you need to worry about again. + +The devs have stated that this can be improved upon in the future to activate upon a variety of specific triggers such as a dev wallet removing liquidity. You will be able to setup an order to sell all of your saferug *in the same block* as the trigger activity takes place. Meaning that you will be able to trade these ponzicoins and rugmoons with **significantly** reduced risk. If you as a reader of r/cryptomoonshots cannot see the immense value in this, then I don't know what to tell you. + +In order to implement these dApps, the user must pay a flat fee (pegged to USD) in BOG. The fees will then be distributed to stakers, used to pay the gas fees, and sent to the development team in order to grow the project. The fee for limit orders will be $2.50, paid in BOG. + +Currently, the token has a 4.5% fee on all transactions. This is sent directly to stakers' wallets. The devs have stated that this will in time be dropped to 0, in line with the rewards from dApp users rising. This is being done with the intention of keeping the staking rewards healthy, and has led to the kind of devoted community that cheers any and all price action because it pays stakers handsomely. Check out the Bogtools Telegram on a day where crypto as a whole is correcting and you will see no panic. + +"So wtf is bogged.finance?” you ask. This is where the project gets really cool IMO. Bogged is an ARG which incentivises users to hold and stake BOG in return for rewards in an ever-evolving game which is currently in its very early stages. The pregame had players coordinating across every social platform to reveal clues hidden inside scrambled audio clips, decode cyphers hidden in promo videos, and scrabble around in Minecraft servers looking for a password, in order to start the countdown to the real game. It really brought out the best in the community and it makes me very excited to see where the game goes. The two material things that have come out of the game so far are the Sminem NFT's and the NGMI token. + +The NGMI token is given to you whenever you sell BOG. This token cannot be traded and is intended as a mark of shame that will forever mark your wallet as unclean. It is speculated that this will have some effects later in the game, and potentially in the governance protocols that will be introduced later in 2021. + +Sminem NFT's were available to the first 500 people to claim them. However, you had to stake for 24 hours to get the chance to claim him, and holders of NGMI were barred from claiming. + +To have no NGMI, a Sminem and an untouched stake is considered a huge badge of honour in the BOG community. Who even knows what will come next, but the devs have stated there will be some more features to the ARG coming very soon, in addition to another round of 250 Sminems for those who were unable to claim one last time around. + + +So, on to the important questions: + +Q: When moon? +A: BOG has its biggest feature being released in 6 days. There is over $250k in the marketing wallet. Confirmed mentions from some major crypto YouTubers coming up imminently. Code is original, useful and innovative. Market cap is still very small at $16m. No presale, fair distribution. I won't say it will definitely moon but the ingredients for moon are all here. Just don't expect a quick 10x overnight, as the liquidity pool is very deep thanks to all of the staking taking place. + +Q: Who are the devs? Do they inspire confidence? +A: There are 2 lead devs, John and Luke. Luke is self-doxxed (socials, face and voice) and John plans to do the same after Bogtools is incorporated. They have done 4 (four) discord AMA's in which they have come across as intelligent, motivated and trustworthy. You can find these on [YouTube](https://youtu.be/vFdfDuz9Fqk) and listen for yourself. + +Q: OK, I have BOG. Should I stake it? +A: Only you can decide this. Be aware of the risks of impermanent loss (IL), but also be aware that early stakers have already doubled their stack. It should be worth it if you set and forget, but may not be worth it if you plan on unstaking soon. Ask on Telegram and you will get some well informed, yet weary answers (this makes up a good chunk of the debate on there). + +Q: What is the major FUD against this project? +A: Firstly, that ETH fees will decrease to the level where BSC becomes irrelevant. Devs have answered this by saying that if ETH fees are lowered to BSC levels, they will launch Bogtools for ETH as well. + +Secondly, the question of "if this is doable, why haven't Pancakeswap implemented charts and limit orders themselves?" Bogtools has first mover advantage here, and if Pancakeswap was able to do this, they would have done it already. Seeing as their code is not original (it's a fork of Uniswap), there is little likelihood of them implementing this in the near future. + +As of right now, the market cap is $16 million, which IMO is very small for what this project may deliver. This is not a clone or a fork, it's an original and innovative project and a real boon to the whole BSC. It should go far. + +ANSWER ZE CALL + + + +TL;DR: BOG gud +Odd title, and I'm not sure if this makes sense, but I realized I hit a major psychological milestone today. I'm 27, and have $125k in my roth retirement accounts. Even if I never contributed another dollar (I will!) I could keep the money in there until I'm 60 and, assuming 7% growth, would have over a million dollars to retire with. At a 4% SWR I'd be withdrawing more than my currently yearly expenses. + +My goal isn't to retire at 60, and this doesn't factor in social security, but it's a huge relief to know at a minimum I should be able to retire at a "normal" age and not have to worry about retirement the way my parents do. I have the security to take a lower paying job in the future if I want, because I won't have to "catch up" just so I'm not required to work in my old age. + +It's not the numbers some people are posting here, and I have a good job (military) that doesn't bring in the money some other posters do, but large savings are possible. I just wanted to share my milestone with people who may appreciate it, because I'm sure it would bring me some dirty looks from people at work who don't save as diligently. + +EDIT: There's been a lot of comments about inflation. This is normalized in 2020 dollars. 10% historical equities growth minus 3% historical average inflation equals 7% real growth yearly. Of course it could be higher or lower, but with such a long time horizon using the averages makes sense. +New thread requested due to the pure chaos our little community is causing. + + + +Continue on. + + +**EDIT** Also, please stop spamming mod mail with "I'm not a bot, plz let me post!". We're doing the best we can. The new acct/karma filter can't keep up with the demand. Getting 1k+ modmail messages an hour isn't helping. +My partner and I are first home buyers. + +We put in an offer on a home on the higher end of the listed range. It was turned down as the agent told us he wouldn’t accept anything under $X (which was above the advertised asking price). + +That same $x value kept popping up for the following week “Someone said they’ll pay $x” or “I know someone’s budget is $x”. So when he came back to us later saying someone had put in an offer, and the only counter he could accept was $x - the same value from earlier, we saw right through it. + +We said if he provided us proof we’d happily counter, and he said he couldn’t. He had no obligation to I know, but we said “a simple screenshot of the email with all names redacted will be enough”. The follow up text from him was “it’s been sold”. + +The sold listing has since been published and as we guessed, it’s a couple thousand under what he told us the offer was for. + +Just sucks we missed out on a nice property due to this, and the vendor missed out on more money cause we absolutely would have countered. + +Is this just what I have to expect. Should I just be countering regardless, if in a position to do so. Just sucks that when I’ve shared this with people their answer is “that’s realtors for you”. + +EDIT: +Had some great advice and agree, we played games and got bit. And we additionally have no proof they lied as the other offer could have changed. + +My question was less about losing the place (we already know what went wrong), and just interested in knowing what we can expect from realtors when they share offers. The common consensus is that we can’t trust those “other offers” and should just offer what we feel it to be worth. Thanks to all for the advice :) +I'm at a crossroads in my life and need your advice. + +I turn 30 soon and have a cushy low-stress government desk job that pays $67k/year before taxes + benefits (health insurance, up to 3% matching for 401k, paid holidays, generous paid annual/sick leave each year, free gym) + +I've been working this job for 10 years but for the past 5 years I've also worked in my spare time and built a side business involving video production. I have a YouTube channel with 100,000+ subscribers, a corresponding blog, and I do wedding/corporate videography. + +My total side income reached $130k net income in 2018 before taxes. + +I currently have no debt and nearly $500k net worth ($100k in cash, $260k in house/car, $100k in retirement, and the rest in taxable investments) + +Wife makes $55k/year and has health insurance. We are thinking of trying for a baby next year. + +I'm torn between quitting my job to work full time for myself or staying at my cushy yet soul-sucking job for at least a few more years to milk it as much as I can. + +I feel like this is the perfect time for me to venture out and give self employment a try. I'm still relatively young but I've built up a good amount savings and have no debt. However I'm scared to give up such a high paying job with great benefits. + +What do you think I should do? Any advice is hugely appreciated! +[This video about the hidden costs of monthly subscription services](https://www.youtube.com/watch?v=1nDzaO7Hsnk) by the Wall Street Journal just popped up on my YouTube recommended videos list. + +Ironically, [the top comment is from someone joking about how they need to cancel their digital subscription to the WSJ](https://i.imgur.com/gBV7Qwg.png)! + +This video prompted me to do a self-audit, generating a master list of all my monthly subscriptions and annual fees (excluding things like my electric bill, internet, cell phone, etc.). Seems like a good exercise for most people to try. +____________________ + +**Monthly Subscriptions:** + +1. **Cocofloss**, $7/month for two packs - premium floss that has motivated me to floss every day +2. **Spotify Family**, $15/month - shared with my siblings/spouses-in-law, so the net cost to my immediate family is $6 +3. **New York Times**, $4/month - I recently got a 6 month promo rate for digital access, but honestly I rarely have time read the news....I might end up canceling this! +4. **Netflix**, $0/month for now.....using my friend's account for free! I dogsit for him occasionally, so it's a good barter system. Even before the rate hike, I was tired of paying each month for this. +5. **Ring Doorbell 2**, $0/month because I refuse to pay for storage when companies like WyzeCam (which we use as a travel baby monitor) offer cloud video storage for free +6. **Google Drive**, $1.99/month for 100GB of additional storage (my S/O works in design and needs a reliable cloud backup service. We all have Pixels, so this is pretty seamless integration) +___________________ + +**Annual Fees:** + +1. **Hyatt Credit Card**, $79/year - gets us one free night in a Category 1-4 Hyatt property each year....this is our third year with this card and it easily pays for itself +2. **Costco membership**, $55/year - honestly we might cancel this one -- we can get almost everything from Target/Amazon, and we don't eat that much lol) +3. **Amazon Prime**, $119/year - split between my family. My dad is the primary account holder, and we only pay $30/year +4. **AAA**, $100/year - mostly a peace of mind thing at this point. I've needed towing once in the last few years. I don't know if my spouse has ever utilized their services. Maybe I could use more of their discounts on other services -- I heard they do museums? + +Edit: wow this blew up. Lots of great advice here about consolidating services, taking advantage of credit card perks, and exploiting friends and family members HAHAHA. Cheers. +Anyone buy mountain/cabin properties out of state and either build on them or run that as short term rentals? + +I'm from Florida and have always wanted to have a cabin or vacation home in the mountains. It's not feasible right now for me to make that purchase unless it is just an empty lot, a cash flowing property or at the very least covering a good portion of the mortgage, i.e. I can't afford a vacation home. + +Just looking to start a conversation with someone who is thinking of doing the same or has done the same. +Short squeezes only exist because of the predatory and **illegal** market manipulation practiced every day on Wall Street. GME will not only benefit from calling this practice out and standing against it, but also has the potential to demolish it as a practice entirely. + +All we need to do is frame our intent as less about our wallets and more about meaningful, impactful change for our economic ethics, and by way of that, meaningful and impactful change for the world. + +Everything is connected. Let me say that again — **Everything is connected.** +This is so much bigger than me, than you, than GameStop, than the stupid *stock market.* This is about people becoming enlightened to the fact that we aren’t a society divided into the haves and have nots, the white, the black, the young and old. We are one collective *global* people, and we have believed the lie that we aren’t for far, far too long. + +We can fix our economic system from a moral and ethical standpoint as long as we march upon this crusade with that set as the intent in our hearts. And boys, I think we are going to do just that. + +Love you all. Buy and hold. Do something good with it. 🧡 +Tactics seen THIS WEEK alone: + +FIRST-Divide and conquer: +1. Superstonk has half a million people, a strong tight community, satori, and (previously) a great mod team. The most logical first step is to divide. They succeeded in overtaking previous subs. Attempts at overtaking this sub had failed and this one was strong. Have they succeeded now? Listen, yes I have opinions about the mod drama, but in the end we must get past it and stay strong. Is this sub still serving it’s purpose of providing a place for DD and ape support? As long as it’s not infiltrated by shills, then let’s get over it and move on. Let them (the mods) figure it out. + +2. I hate to even mention it but the ‘fest gathering. Shills? Good idea? Bad idea? Whatever. If it had good intentions, it’s not yet the time; if it was a shill attempt, it didn’t work. I think most people aren’t going. Thanks to everyone for the research into it. Let’s move on. + +3. You tubers. You don’t have to like them, i don’t care. Don’t watch them. We may be smooth brained but i think we can still decide for ourselves based on their channels if we want to watch/listen. Let’s not bash. Again, if it’s causing division, let’s drop it and move on. + +4. Wes christian. Don’t like the idea, don’t donate. Period. Move on. + +Second: Create panic via FUD +1. This morning there are several NEW Sec filings being posted. One I’ve seen a link to (Schwab) the other I haven’t yet (iCapital). This one concerns me bc of what I’m seeing in the comments in the various posts. Before we panic, let there be time for the smart DD people to look it over and give some insight! Why did it come out now? The price of the stock is tanking then we get discouraging news...could this be a last effort to get us to sell first thing Monday? + +Third: Stay Strong! THE ONLY WAY THEY WIN IS IF WE SELL!! They haven’t covered (closed)!! Even if the FUD is true, we still only lose if we no longer hold the stock! + +We have said for months the FUD will get bad toward the end. It’s happening. It will continue to happen and just like a child, if you give in once and they see it working, they are encouraged to do it again. The attacks will keep coming regardless but the more they succeed, the harder they will try. It’s so important to stay strong. Apes no fight apes. Apes support and uplift each other. Don’t forget the reason why you bought your shares! + +Stay strong fellow apes 🦍 🚀💕 + +Edit: New SEC filing already DEBUNKED u/teapot_in_orbit +I'm currently 26. The period of my incarceration could be anywhere from 6 months to 2-3 years. As a result of this my family has disowned me and I will be completely on my own when I get out (although one of my brothers may provide some assistance), which will be a first for me. + +The most I'll say about my offense is that it is a non violent felony. + +Here is the current state of my finances: + + $2.5k in a checking account + +$25.5k in a CD that's finished in 2020 + +A balance of $11.7k in a TD Ameritrade account + +Around $8k in cash. + +I've lived with my parents all my life and I'm completely unprepared to live in my own, but I will have no choice but to learn. And I figure you guys could help me. + +What are the things I need to do when I get out? + +If more information is required, ask and I will provide such unless it could reveal my identity. + +Thanks. + + +Edit1: Basically when I get out, I'll be starting completely from scratch in terms of employment and housing and all that stuff. The only thing I'll have is my personal property and money (Granted, an above average amount of money). + +Edit2: other assets I have include a collection of headphones and pens I could sell (over a period of time) for roughly $3600 (although these have sentimental value and i would prefer not to sell unless I absolutely had to) + +edit3: Thanks for all the helpful responses everyone! I'm a bit busy right now but I'll answer as I am able to. + +Also, it sucks that it had to happen this way, but a part of me is glad to finally be free of my parent's influence. + +Edit4: + +I truly appreciate all the helpful comments I have received. I'm confident my life will turn out quite well in the long run. + +I will definitely take advantage of any and all educational/training/employment/etc. opportunities while in prison, with regards to trades and stuff. As I'll likely not have computer access, CS probably won't be an option. + +Still parsing through the financial stuff. + +edit5: So, cryptocurrency seems to be the way to go. +I started my job in 2015, making $45K. Three years and a few promotions later, I'm at $85K. My paycheck is nearly double what it used to be, I've almost entirely avoided lifestyle creep, and the majority of that increase is going straight to retirement/other investments. + +I still find myself feeling like its not enough. Like, I'll find myself scrolling through part-time weekend jobs seeing if there's anything I can pick up to pull down a few hundred more dollars a month. There's no real reason for this- I'm underpaid at work, but not severely, and I have no major purchases or life events I'm saving for/putting on hold because I can't afford them. + +Anyone else feel this way? What gives? How do you put those thoughts to bed? + +EDIT: Wow, this blew up. I couldn't possibly respond to every comment here, but I'm trying to read them all. Thanks PF for the insights, good and bad. It's been a helpful read. +My tenant just texted me that her aid got the sink clogged again for the third time in the past 2 months. Each time I pay a plumber to come fix it bc its easier than dealing with her. What's the best thing I should do in this situation if she keeps clogging it? The sink has a new garbage disposal and last time I had a plumber snake out the drain. + + +Some background: + +&#x200B; + +My tenant is an elderly woman with section 8 and who has a full time working aid. Every month she threatens to withhold her portion of the rent while complaining about something that's not my responsibility. For instance, she wants a dimmer installed in each of the rooms. Another example is: she had flies in the apartment caused by her leaving the window open while smoking in the apartment. I've started calling her bluff and completely ignoring her texts/calls. She still paid the rent but now is consistently a week late. + + +How would you handle this? I don't want to evict bc that's a waste of money. Besides trying to manipulate and take advantage of my kindness, she's hasn't missed a rent payment. Her workers take care of the apartment very well. +I have found myself visiting ethtrader less and less bc of the continuous controversy machine that is donuts. + + +I feel like I am at a never-ending PTA meeting where everyone is getting heated about how much of a budget we should dedicate to the decorations at the bakesale. + + +they seem to be good for nearly nothing, except amplifying drama, which they do quite well. + + +it has been a fun and interesting experiment, but we now have the results. i'm happy we tried it out, and I will be happier when it get back to moderating posts and discussing things like a community. +I worked like a dog for the past 15 years and built my business from scratch. I received an offer from a competitor to purchase it, and after a bit of a bidding war with two other parties, a deal was made. When the sale closes and all is said and done, I will walk away with $11 million after tax. Couple this with ~$4 million I already have ($2 million house and $2 million in cash), and I will have a net worth of $15 million, of which $13 million will be liquid. + +I have a wife and two small kids. We have a pretty high maintenance lifestyle (new $100 - $200k cars every couple years), private school for both kids ($40k each), vacations, clothes, maid, charities, helping out family, etc...add it all up and we spend about $40,000 a month right now. + +I sold my business because it consumed me and I wanted to step back and smell the roses. I don't want to get involved in any other business and just want passive income. Now that the deal is done, I feel scared because I have no active income coming in anymore. + +I've only invested once in stocks, and I lost pretty much everything. I've recently been reading about the markets, and what I concluded was to stick all the "risky" money in low cost ETF's, like an S&P 500 ETF and put the rest in bonds. Basically, investing in stocks or hedge or mutual funds is a suckers game and one typically lags the market. + +I have gotten professional advice from bankers and such, but they all basically say to let them manage the money, and I'm leery of that. + +I basically want to get at least $40k of monthly after tax income off of the $13 million to be invested without taking too much risk. + +I don't know why I'm posting here, maybe it's just to hear unbiased opinions or maybe it's just to get this off my chest. Believe it or not, it's a very stressful time and knowing that I have no income to rely on scares me. I don't want to spend the principal because I'm scared of running out of money when we're old, and I also want to leave a lot to our kids. + +Update: +I'm really glad to receive so much advice and commentary. I've actually read each and every comment and I'll try to reply to as many as I can within the next 20 minutes as that's all the time I have today. +I used to do Big Brothers Big Sisters and want to give back to the kid I used to hang out with. My financial position has changed over the last 5 years due to my business and I want to give back in a smart way. I know I can just pay the tuition bills directly, but I would prefer to save on taxes while doing it so then I can potentially gift more. + +I have read about custodial 529 plans, and also about implications with FAFSA. The kid I would be giving the money to will definitely receive a lot of financial aid. I do not want to jeopardize his funding. + +Any general suggestions or things to read on the subject? +Fuck you this is not a shitpost + +Let's get the guy in here. He routes almost 50% of all retail trades, we have questions regarding the routing of 90-95% of all retail trades. He runs a business most if not all of us have done business with whether we know it or not. Let's get him in here to answer some questions about how market-making works. + +Pretty sure they're inventing the new iteration of darkpools too so we should get some info on that if all of our trades will go through it. Seriously, let's campaign to have him come chat here. I'm sure we're all capable of adhering to the highest standard of respect and decorum, I have no doubt we'd give him a big welcome. + +&#x200B; + +Edit: Thank you all for the engagement, the discussions, the controversy (got into some BS club or something idk how reddit works), and the awards. Tried catching up on them but a couple didn't give me an option to say thanks so please accept this edit as my appreciation. And have a great rest of your day apes +Keytruda will reach peak sales of USD$24B by 2026.[https://www.evaluate.com/vantage/articles/data-insights/long-term-forecasts-confirm-keytrudas-dominance](https://www.evaluate.com/vantage/articles/data-insights/long-term-forecasts-confirm-keytrudas-dominance) Bisantrene as a platform drug has the potential to surpass this. Buyout transactions often occur at a minimum multiple of 4.8% + (average of industry peer is around 5.6x) + +Whilst i don't think RAC will have time to prove up this much before pharma swoops with an offer - to achieve that range which would = SP $873 per share at an estimated dilution of 200m shares. of course a transaction could Occur at any stage between now and then. (most transactions are done before phase II, some even at Pre-clinical) + +I think we can comfortably get to 10% as a minimum of this by the end of 2022 (Approx 18 months) as we will have trial readouts from all 3 pillars - Approx $17b buyout (immunomedics drug trodelvy was acquired by gilead for USD $21B for triple negative breast cancer which only effects a small portion of this indication) this is Pillar 2 for RAC however we have historic phase II/III data showing safety and efficacy on Breast cancer as a whole. + +Remember the forty seven transaction was for a small indication of AML and was acquired for USD$4.9B + +&#x200B; + +Most buyouts are for a drug that treats 1 - 2 indications, and has limited data of trials in humans. RAC doesn't have this problem, Bisantrene is going after a range of cancers and has been used in over 2000 patients successfully. + +&#x200B; + +What do you think this is worth to BIG PHARMA?? Sky's the limit if a couple of them want it + +&#x200B; + +**From the RAC Chief scientific officer =** + +**Success in Pillar 1 may mean Bisantrene achieves higher revenue that Keytruda.** + +**1. Keytruda faces competition.** **There are a whole lot of PD-1 inhibitors coming on to the market all in competition for patients. Pricing is comning under pressure.** + +**2. Keytruda only works in a minority of patients and we can’t predict well which ones.** **If inhibiting FTO makes Keytruda work significantly better in patients, and we can’t predict well in which patients, then bisantrene would just be given to all patients along with Keytruda.** + +**3. Newer drugs sell for more than old drugs.** **This is just the way the industry works. Bisantrene would be considered a new drug.** + +**4. The potential uses of bisantrene is far more than just as an add-on to Keytruda.** **Inhibiting FTO has a potential role to play in a range of different cancer treatment resistances (TKIs for example). If bisantrene works as a FTO inhibitor in the clinic then the market potential is massive.** +I'm relatively new to Reddit and no crypto expert. I'm an amateur computer scientist, economist, and investor; I'm a professional risk manager; and I'm all in on Ethereum [EDIT: my only crypto is ETH and I'm very optimistic, but I also hold boring index funds]. Take my opinions with a grain of salt. + + +**TLDR;** Cryptocurrencies are great. I have miscellaneous thoughts I want to write down and get your feedback. + + +**The idea of value intrinsic to an information system is bigger than most people realize.** + +There are many books (one of my favorites is William Bernstein's *The Birth of Plenty*) that try to identify the factors that drive economic and societal growth. One of the most important growth factors is how quickly we can scale resources. Land can't be scaled at all, and economic growth was very slow when land was the key constraint. The world has transitioned from an economy based on land to labor to capital to information, each time utilizing a quicker and more scalable resource. + + +For information based systems, the main constraint is the need to interact with slower resource types. If I could misappropriate cryptocurrency terminology, think of information systems being hampered by the number and types of oracles they need. You can gain a lot from improving these oracles (think of wearables replacing manual entry of health data), but the real revolutions come where we can remove these references to outside systems altogether. Virtually everything involves money, and money is one of the slowest, bureaucratic, and nationally constrained concepts. The real power of cryptocurrencies is that they can store value **within** an information system, without the need for outside reference. I think this is what makes the concept so interesting. Benefits often cited like reduced government manipulation or ease of cross border transactions are secondary or can only exist because of this main property. + + +When blockchain technologies mature, I think this will lead to possibilities we can't even imagine now. One day my A.I. may negotiate with and receive binding quotes from other A.I.'s around the world for some service I need, without having to reference anything outside the digital world. Think about how amazing it is that we can actually create scarcity in a digital world where everything can be copied for free. That's truly revolutionary. + + +On a side note, being intrinsic to the system is also why I think proof-of-stake will be more secure in the long run than proof-of-work. PoW relies on assumptions outside the system - that hashpower will be proportional to energy usage. If we're thinking decades, at some point a government or company could come up with a novel way to significantly speed up hashpower (an ASIC using carbon nanotubes or whatever) and quietly build resources to take down the system. PoS bootstraps its own value within the system, so as long as the network is big enough it should be safer for longer. + + +**We should stop comparing cryptocurrencies to equities** + +Both on Reddit and in the news I see comparisons of market caps for cryptocurrencies with market caps for companies like Apple, implying present value of fees determines value. Transaction costs and mining/staking fees are a necessary evil but are not where the value of cryptocurrencies come from. If we could create an economically stable decentralized currency without any fees it would certainly be more valuable than the same currency with fees. + + +**Ethereum is positioned to be the dominant cryptocurrency** + +I hope that the end state for cryptocurrencies will include multiple competing solutions with competition and innovation, but at least for now I think Ethereum is best positioned to be the dominant platform. I like how in many ways Ethereum taking the opposite approach of Bitcoin in terms of being open, ambitious, and flexible while Bitcoin is focused, narrow, and stable (in terms of protocol, not price). If Ethereum's ICO model fails, it might still be successful as collateral for financial transactions, or may become dominant in micropayments in the internet of things. Ethereum is flexible enough to adapt to the unknown risks it will face as it matures. I'm not worried about regulation because not all countries will be so short sighted to shut it down, and the countries that don't will prosper from it. I'm not worried so much about the ICO bubble or other specific issues because not all use cases will fail. The road will be bumpy and there will be multiple >50% price crashes, scams, hacks, and crises, but I think ETH has the people, momentum, and flexibility to ultimately deal with these challenges. + + +**Banks aren't going anywhere** + +Being able to be your own bank is like saying you can keep cash in a safe in your house. For many technically inclined people on this sub it's definitely better to get a hardware or paper wallet and truly own your crypto. For 98% of the public, they will be better off keeping their account with some trusted company with a password they can reset, two factor authentication, and consumer protections. I don't think that in any way changes the vision for what crypto can do. + + +**Speculators sometimes get lucky** + +Right now the value of crypto is ridiculously volatile compared to fiat because there are so few use cases and value is determined based on expected uses many years from now. It seems unfair that a group of speculators (us) can get lucky and make crazy returns without contributing much to society, but life isn't fair and there's precedence for this. During the industrial revolution many destitute populations in the middle east because insanely rich just because they happened to possess oil reserves. As smart as we think we are, most of us who have been in more than a month or two are lucky and should have the humility to recognize that. + + +Theoretically, if all the moontalk comes to pass and ETH is worth $30,000 each and you can purchase any digital good with it, it will be as stable as fiat. For a new ETH user they shouldn't care if ETH is $300 or $30,000 as long as the fiat to crypto conversion rate makes sense. In this scenario a group of speculators makes millions but late adopters don't appear to be hurt, and that can only be because fiat is devalued. Just for this risk I think most serious investors should hold a very small investment in crypto to hedge their exposure to fiat. + + +**The possibility space is wider than people assume** + +People greatly overestimate their ability to predict the future. With a new concept like crypto, I think the range of possibilities in the near and far term are much wider than people realize. By the end of the year ETH could crash to $1 because of some unforeseen flaw, or it could hit $10,000 as part of a truly global bubble with Elon Musk saying ETH will be the only currency accepted on Mars. + + +Here's a thought experiment for the absolute maximum you should invest in crypto. You're allowed to wager money on a coin flip. If it's heads you'll be paid out 10x your investment and if it's tails you'll lose it all. How much would you wager? Regardless of how much of an optimistic moon kid you are, don't invest more than this. + + +If you read this far, thanks. I wrote more than I expected, but this is a great community in the early stages of what could be world changing tech at an exciting time to be alive. +It's world known that the U.S government is one of the most powerful and questionable governments in the world and they squeeze the U.S citizens for every cent that they can, and if you so happen to find a way around that chokehold they have on you, they just implement even worse laws to regain control of your assets. + +We onlook from our own countries hoping that you muster enough votes to stand against these destructive laws and keep your rights as investors and crypto traders. + +The Crypto world is feeling your pain and we stand with you against the "big brother" tyranny of your government. Stay strong and work hard against these chains they want to put around your digital assets. + + +Lots of love and tendies from across the pond ❤ + + + +Edit - To clarify, this isn't a "high horse post" because believe me, my government isn't any better. This is a post to tell the American investors that we stand with you and watch in anticipation, we disagree that your government is trying to violate your rights as investors and we understand that the standards that they set will surely effect the rest of the world. +Remember your money, your choices. + +Even more love and tendies coming your way America ❤ +EDIT: I was told to mention that I manually compiled it :) + +This spreadsheet ([https://docs.google.com/spreadsheets/d/1KwHoOnIR8Gn9gRJXPDla9Wq4QaM4euMgFQXmHvjarfA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1KwHoOnIR8Gn9gRJXPDla9Wq4QaM4euMgFQXmHvjarfA/edit?usp=sharing)) contains several hundred careers mentioned throughout subreddit history by category. + +Hopefully this will end the many "which industry" posts we see on here. +I was looking at tax bands for next year, and looked at [this](https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2021-to-2022) page on the govt website. + +Does that mean that it will be 40 percent tax from 37k instead of the current 50k or am I reading it incorrectly? +I'm completely broke for the first time in my adult life. After buying the ridiculous list of "required items" on my son's back to school list I officially have an account balance of zero. I feel so ....broken. Defeated. Scared. That's probably the most appropriate description. Scared of what's going to happen now. +I purposely didn't pay several bills last month or this month in preparation for back to school and in one quick shopping trip I'm bust. He needed a few more items but it required a trip to a different store so I told the kids we'd go home and have lunch and go shopping another day for the other things. I haven't even gotten my younger son's back to school things yet but that's looking like it's not going to happen. I'm a single mom, their dad gives no financial support whatsoever and when I ask for help he makes a huge fight out of it and then ultimately ends up telling me how he can't do it because he's broke. To make things worse I've been out of work and bills are getting so far behind. + + +Ughhhhh This isn't how my life was supposed to go. I was a "good girl". I studied hard, stayed out of trouble, went to college, began my career, met a guy, got married, bought the house and car, had two babies.....I did everything "right". He was an emotionally abusive addict with untreated bipolar disorder and ditched us when my boys were babies. I'm doing my best to raise my children to be responsible, kind and respectful young men and hope every day their lives turn out better than mine did. + + + +Making this edit here so y'all see it. + +I am absolutely amazed at the thoughtful and sincere comments and suggestions. Y'all are the best. Unless you've been in this position it's hard for people to understand what it's like. I appreciate everyone's support and kindness. + + +For those saying I shouldn't have had children if I couldn't afford them - you're just plain mean. That's such an ugly thing to say to someone that I can't begin to imagine the hurt you've experienced to get to the point of saying such cruel things to a stranger. I'm sorry you're hurting and I hope things get better for you. + +As for going after the dad for child support- that's a complicated and difficult situation. Believe me when I say I've rolled that one over and over for years and the best solution I've come up with is to leave it alone. I refuse to share custody with someone who is unreliable and emotionally unstable at best and hostile and addicted at worst. Child support doesn't automatically qualify him for custody but there's nothing on paper to prevent a judge from giving him 50/50. The courts here are very much in favor of doing whatever they can to allow parents access to the children. Which can be good or bad depending. My kids don't deserve to be in the middle of custody disputes, court orders or back and forth. Right now they know their daddy loves them and does his best. I'd rather it be like this than anything else. Money included. +(This is my first post, so sorry if this type of story shouldn't be here) + +Some months ago, my friend, let's call Marcus, was in the market for a new car. Marcus wanted to buy one from a dealer, as he didn't want to deal with the possibility of his car breaking down and needing thousands in repairs. An important thing to note about my friend is that, around age 20, he has absolutely no credit history, which impacts his buying decisions. + +With no credit history, my friend doesn't even attempt to apply to a loan from a bank. No, instead he goes to *one dealership* in total who's motto is "Bad credit? No Credit? No problem!", and ends up buying a 2011 vehicle at $12,000, paying approximately 5,000 *MORE* than what it's worth at a typical dealership. + +The kicker? + +**23% APR.** + +Yes, he is paying higher-than-average credit card rates on a car he over payed for, all because he could afford the $200 payment every other week. + +Moral of the story? Even if you don't have credit, try and apply for a loan, if it's a relatively small one, and you have a good job, some banks would be willing to work with you. Second, don't look at the payment amount alone. APR is what really matters, and right now he's going to pay far too much in interest on a car. Finally, shop around. 9 times out of 10 you're going to find a better car for cheaper price. When you're spending thousands of dollars, it's worth the little extra time to look around. Please don't be like my friend, please be smart. + +&#x200B; + +Edit: This predates the pandemic, as i believe he bought it around February or so, before any market crashes. + +Edit 2: Another incentive for him buying the car is that it came with a 2 or 3 year warranty, that covers all the major components and him having to pay nothing. +For fucks sake apes, have you learned nothing? It dropped on basically no volume at all, nobody is paper handing, nobody has stop losses on, they are manipulating the price in real time...and trying to get you to accuse people of doing this shit....divide and conquer...and you're falling for it. + +&#x200B; + +Get your shit together apes. Ride this out like we have every other time. Trust your fellow fucking primates. + +&#x200B; + +It's a dip.....what do we do with dips? + +&#x200B; + +Edit: To all the people saying this is FUD. I am a god damned Knight of New, there was like 5 or 6 posts accusing people of paper handing and yelling to remove stop losses because this was "there fault" (the people with stop losses) all in a row. It's likely they didn't make it this far which is why you don't see any. BECAUSE WE DID OUR JOB. It was getting on my nerves, so i made this post. Chill the fuck out, not everybody is out to get you. + +Edit2: To the people that STILL don't believe me...the posts are gone now, because as I said, we did our fucking job...but here is a group of reactions TO THOSE POSTS from other apes who were equally as concerned. [https://imgur.com/gallery/VvQFncT](https://imgur.com/gallery/VvQFncT) +I recently returned to study in frontal classes after more than a year in Zoom. And I noticed something that was not there before, everyone! around me is talking about stocks and crypto. Its not only happening in the uni, this subject runs in my family, my little sister talks about it, or even when I grabbing a beer I hear here and there people talk about it. Don't get me wrong I am not against it, tbh I don't really know what to think about it. + +SO what do you think about it? Is it a good or bad thing for the market? I'm pretty newbie so it would be nice to hear your opinion. +A year ago I watched my dad spend a lot of money helping my grandad (who's in his 90s and has little money of his own) afford home care and other 'elderly essentials'. My parents don't have a ton of money themselves, and I realised that in 15-20 years they might need my financial support (I'm an only child). + +I'd never thought much about this before, but I'd hate to be in a position where I'm not able to support them. So I started putting away £100/mo to build up a fund which, in about 15yrs will be nearly £20k - hopefully enough to take care of them, should they need support. I've called my fund The Bank *For* Mum And Dad :) + +I haven't seen this discussed and wondered how others might approach this. And if anyone has feedback on my approach (are there better ways to spend my money - on insurance products etc?) I'd be most open to it! +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 come from a lower class family so grew up only knowing poverty. Throughout college and after I could never find a job that paid enough to cover all bills (and college debt) and still have spending money afterwards. In the meantime I found a beautiful and wonderful woman who I adored. She came from a similar background and when we started to live together, we would have enough to treat ourselves once a month. She took a chance on me and we got married about 4 years ago. The first year together, aside from being just in love and amazing, also saw both of us getting small but extremely helpful raises. We were out of poverty and able to save. She decided she wanted to try her hand at pet care and I fully supported her. We never discussed finances so I never doubted she could at least make her half of the bills. Before long, she was working 12 hour days every day and still not able to cover her half of the bills. I started helping and did my best not to be upset. That's what a partner is for right? Well she eventually had to take a more secure job as a vet tech assistant as she loved animals and it was in a field she knew. She said she'd do much better financial as well. Over the last year, I started eating through my savings and finding odd jobs to help cover her half of the bills. I started to struggle because I never saw her, when I did she was extremely exhausted from work so just did nothing at home (I did ALL chores) and our relationship started to crater. I got therapy because I needed to understand my emotions and how to handle frustrations. Two weeks ago she left me because I asked her if she knew when she would be able to start helping pay her half of the bills again. I didn't get mad, I didn't even get frustrated (thanks meditation!) but I thought since we are in our 30's I should be able to have a discussion about our shared finances. She snapped and kept saying all I cared about was money (I don't, I just couldn't keep paying all bills on my salary) and that we couldn't live a lifestyle that I wanted. The only lifestyle I wanted was to keep the one that we had created together. I never added any bills into the mix that she didn't want, and the place we rented was actually the place that she wanted to live and move into. Once she said "that's what a husband is for is to provide for his family" I started to feel devalued and cried. When I asked her what is a woman suppose to provide then if I do absolutely everything she said she couldn't be with me anymore. So I'm now going through a divorce and on top of paying her bills while she isn't even at home anymore, I now have to pay her half of the rent since the lease agreement would cost thousands to get out of and into another place. + +I'm so defeated, sad, lonely, I just miss her and now I have to get a second job and work every day to pay for a life she helped me create. I just am struggling and needed to vent. I'm sorry for the wall of text. I'm just dying inside and keep repeating how she made me feel like I want to be rich when I just wanted to be able to cover bills we created together. To lose love and companionship and have debt and bills on top of it makes it harder. +I’m a single mom. I have a degree and work in insurance but I’ve had to live with my parents for the last 10 years because I lost my food stamps after getting my first job out of college making $10 an hour. I have student loan debt and CC debt. Groceries have killed all wiggle room I had. I have been holding for over a year and ….. fucking hell! + +This SEC bullshit should make everyone outside of SuperStonk furious! + +The markets are NOT free! + +It’s so fucking obvious now! The SEC and DTCC do not care about retail! The president doesn’t care about retail, no one in government does! + +They are literally setting up to make sure the big players who rigged the system get to exit before the whole system collapses under the weight of debt and obsessive money printing caused by the very people they are choosing to protect! + +Da faq?! This is 2008 at a massive scale! How could the government actually expect the people to allow this to happen without a voice?! + +This is why I hold! You better believe that MSM will blame retail long on GameStop, but I don’t care. They dug this grave and will have to pry these direct registered shares from my cold dead hands before I ever sell to close their short position. It’s not about making money anymore, it’s the principal! 😡 + +I’m so pissed I’ve been sharing SuperStonk posts left and right on LinkedIn and Facebook… I don’t care how crazy I sound, I’m sounding a fucking alarm to anyone who will listen… + +I hope you guys are brave enough to do the same. + +See you on the moon my ape family! 🦍🦧❤️🚀🌕 + +Update: I’m getting downvoted hard. I labeled this a shitpost for a reason. I’m not sure if it’s because it’s not worth a damn to my ape family or shills.. either way. I just wanted to voice my opinion as a lurker holding 93 DRSed. Love you guys, always. 💜 + +Update 2: I closed the app for a bit, opened it up again.. and looked at my profile. I had apparently downvoted my own post. Lol. I’ll leave it at that. Shit is getting lit 🔥🤭 + +Update 3: if I may say.. my kids birthday is September, school starts August. I have every reason to sell. But no. I’m not. /js +May 28th edit: +Contacted my broker and got a response. posted it here: +[https://www.reddit.com/r/Superstonk/comments/uzrk4t/update\_on\_the\_weird\_prices\_glitch\_from\_the\_25th/](https://www.reddit.com/r/Superstonk/comments/uzrk4t/update_on_the_weird_prices_glitch_from_the_25th/) + + +&#x200B; + +Formal update: + +So.. after discussing it with u/dlauer in the comments it turns out it might be 'just a glitch'. I'll give my broker a call and try to sort out wtf was going on. + +&#x200B; + +Hope you enjoyed the pre-moass tho.. I Did. fuck this shit got me hyped. Sorry for the confusion it might have caused, but I was just as confused, maybe more. + +Love you all. Let's wait for this to happen for real, where I'm not the only one seeing this! + +\-------------------------------- + +ninja edit: + +this shit is weird, and i've no idea. + +I'm the only one that sees this as far as I know.I'm not sure if it's a TWS Bug or not, or an IBKR thing.IBKR didn't have server issues. Everything was fine. + +TWS Too. IT worked fine the whole day and suddenly this happened. + +Looking into more.. I'll keep ya'll updated. + +&#x200B; + +Oh.. it's at 4Mill now. + +https://preview.redd.it/v0lrvp2hip191.png?width=623&format=png&auto=webp&s=f1520cc7bfd2e9a0b55f6f529886291e4ecd33bf + +\------------------------------------------------------------------ + +&#x200B; + +Uhm.. I've just found weird AH shit.. + +Thought you'll like to know. + +I know how this looks. + +This is what I get in TWS! + +It's all kinds of weird, help. + +&#x200B; + +It started in AH when I was building a new nanosecond chart for SPY. I saw something as below. + +I then checked my terminal and found although TWS doesn't report anything, the prices where REALLY FUCKING HIGH. + +Then my GME nanosecond chart looked like this (below), and i'm tripping out cuz I've honestly no idea what i'm looking at. + +&#x200B; + +Is this it? + +&#x200B; + +https://preview.redd.it/pstwfw3j3p191.png?width=1837&format=png&auto=webp&s=4f3027d1ee6c8b292eb2542b2ef45b8343c29229 + +https://preview.redd.it/1c4x9prj3p191.png?width=938&format=png&auto=webp&s=a4f241e036b5a6a87c76fbfaac81696afc922d32 + +https://preview.redd.it/cwd6bvwj3p191.png?width=627&format=png&auto=webp&s=8ea5b0ff948a264536981e007cf13f9aa3022a08 + +https://preview.redd.it/qoz9szpk3p191.png?width=624&format=png&auto=webp&s=a1c7cc92ea46aad619bde9b93dacdc58ac7d2a9e + +&#x200B; + +https://preview.redd.it/4dsmnm4l3p191.png?width=628&format=png&auto=webp&s=4524f212049aa2141b81e60ba5754d149dddcb31 + +[Right before the halt](https://preview.redd.it/ho4a1ak64p191.png?width=840&format=png&auto=webp&s=34ad612b1a0ba4f23f73b7b62a88f70c1b5f122f) + +https://preview.redd.it/e3fz4aa64p191.png?width=632&format=png&auto=webp&s=a8b4b282459ce1a727ece8e7633719069eef4712 + +&#x200B; + +https://preview.redd.it/d0g8vk8c6p191.png?width=634&format=png&auto=webp&s=3ab99b91930ed587f000cf6c2621b28ff8d7ff4c +Been looking out for this for a while. Looks like Wealthsimple Trade now supports trading CSE stocks (source: [https://help.wealthsimple.com/hc/en-ca/articles/360056580834](https://help.wealthsimple.com/hc/en-ca/articles/360056580834)) + +https://preview.redd.it/wfl3sskwqb171.png?width=719&format=png&auto=webp&s=2e06aeca635785cc03ec23d3a86aa1aeaaac256d +I would ask all you crazy Apes to take a minute and reflect on the week we just went through together. + +Shills +Misinformation campaigns +HF BS +WOLVES in apes clothing attacking our new Apes family + +And the price HELD + +IT FUCKING HELD. + +For anyone that was concerned or had a bit of doubt this week about our collective will .... worry no more. We just went through a week of gut checks and faith in each other in sooooo many ways and we HELD + +This is the first time I genuinely felt like my family, you all included, are going to do this together. We are going to HODL because we like the stock. + +If you start to doubt us, please remember this week. We didn't waiver and neither did the stock. + +You can trust us Apes. We unknowing just demonstrated that we can trust each other. + +Remember that fellow Ape. + +Remember that we held together during this extremely volatile week with attacks on all aspects of this sub . + +And we held. + +This is the first week we all actually met each other and locked arms. + +And we held. + +I've got your back because you just showed me you have mine. I suspected you always did. But now I know you will. + +See you on the moon and it was an absolute pleasure to meet you. + +Edit #1 Holy crap, thanks for the awards but I would like to clear something up. When using the word "we" it was in respects to my wife and I ofc. + +We love the stock. + +Smooth brained ape just really feeling good that we, J and I, held in spite of the BS. + +God I love her more. ❤ +Good morning everyone. Just posting to see if anyone has any tips other than slowly paying everything off. + +I make around 60k a year and my wife makes around 40 but will make 46k next year after her automatic promotion. + +We have a ton of debt. We both had Credit scores in the 700s last year but we are going downhill fast. + +My dad was diagnosed with colon cancer and was no longer able to work for two years before his death this past July at age 49. My mom was a stay at home mom and they were struggling so i took out two personal loans totaling 35k to help them out. Then my wife (26) got pregnant and didn't work for the first six months of my son's life which was great for our family but horrible for our finances as i didn't make enough to cover all our bills so i reported to Credit cards to keep us afloat. + +She just got her new job in June and it has helped but we are in deep trouble. We have three credit cards, one we owe 8k, one 7k and the other 3.5k. Personal loans totaling 35k, mortgage is $710 a month. Car payments totaling $700 per month. We don't have cable tv, just internet and hulu/netflix totaling 65 a month. I work midnights and she works daytime and we both commute about 80 miles each day which comes to about $325 in gas a month not including any other travel. Daycare usually two days a week totaling $90 per week. All other utilities and insurances total about $350 per month plus $130 for cell phones. + +I'd love to drop my car payment of $420 but I'm underwater on the loan by about $4k so I'm not sure it makes sense to get rid of it yet. + + +We already had both cars before helping out my parents with the personal loans and then having my son, which we don't regret whatsoever he's been a blessing. + +Do you all have any tips or just budget and chip away? Thank you! + + + +Edit: the personal loans are 12 percent interest...i didn't have much choice at the time. + + + + +Edit again: thank you all for your help I'm currently trying to get back to everyone that private messaged me! I hope to have our finances squared away within three years... Thank you all again. +I have been seeing more and more political opinionated posts/comments/arguments this past week, and I want to remind y’all of something. This is not left vs. right, this isn’t even top vs. bottom (having money doesn’t make you evil, but as we’ve seen, it corrupts weak minds). + +This is corruption vs. its victims + +If you want to play politics, and fall into the trap of pointing your finger at your neighbor, go into the blackhole of the politics sub. Corruption transcends political parties. An example being Mayo boy backs one party, while SBF backs another. The only commonality is their devotion to dividing the public. If you think for one second that they give the slightest fuck about anything other than making sure they can continue to put their hand in your pocket, you are dead wrong. + +“If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them.” +- Jacque Fresco + +Edit 1: Thank you for the awards and positive reception 💜. Also, I’d like to mention my abbreviation of SuperStonk as “SS” in the title, as brought up to me by a few people. This was an honest mistake - sorry about that. Will not do that again. + +Edit 2: Apparently some people think this post was meant to deter any political/policy discussion. For those that think that, please read the post again. This post was meant to re-instill the age old “ape no fight ape” mentality - that’s all. I am well aware that politics and policies play a major role in the developing timeline of GME (and should be discussed, just not hatefully towards each other). Those that are drawing any other absurd conclusions from this are either instigating, or simply didn’t read the post. +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. +Asking this on behalf of a friend who lost her father about 5 years back. The friend informed that her father had some stocks and mutual fund investments, but has no information about its whereabouts. + + +What's the best way to find out if there were any investments? She has PAN number and other personal details. + +Any leads would be of great help. +https://www.cnbc.com/2020/07/20/big-tech-stocks-add-291-billion-in-market-value-in-one-day.html + +Big Tech companies added $291.66 billion in combined market valuation Monday. + +Amazon led the rally, adding $116.92 billion in market cap. + +Tesla stock also popped,adding $26.36 billion to its market cap. +I guess not strictly a personal finance question, really a "how do I get rid of a bad habit" question. But food delivery is a big drain on my and probably many other people's finances. And I have a feeling that there would be people here who have managed to deal with this problem. + +I spend far too much on food delivery. YNAB shows I had 18 transactions under "Food delivery" last month. There have been worse months. Also most of the food I order is delicious-but-terrible-for-you fast food, so it's messing up my health too. + +It seems the combination of convenience of delivery and the tastebud overstimulation of fast food is a potent one. Usually the ordering happens in the evening after work. Double the likelihood if I worked late and stressed out, and the discipline center in my brain is entirely shut off for the day. This only happens maybe once a week, but somehow it "breaks the streak" and makes it easier to repeat the bad habit tomorrow, messing up more than one day. + +I've tried the following with no success: + +* Delete the food delivery apps + * I seem to have no issues reinstalling them +* Set a budget and stick to it + * Budget gets blown halway through the month, and YNAB makes it easy to move money from different categories. It felt bad the first time, but now it's "whatever". + * In the grand scheme of things, I'm fairly well off financially. Even though I spend an uncomfortable amount on delivery, I can still save more money than the average person. So there is no threat of \*actually\* running out of money - the budget is entirely self imposed, and it no longer seems to fool my brain. +* Learn to cook + * I already can cook. I can cook good things. I even like cooking. But that takes time, and it takes doing dishes, and I don't like doing dishes. I'm single so I do have to do all the parts. + * I also can't be doing other things while the food is being prepared. I tend to log off work around 18 and aim to be asleep by 22. In reality that's usually more like get stuck chatting to someone and then log off at 18:30, and start sleep preparation things at 21:30. I have to treasure my 3 hours :P. +* Order healthy food, so at least it's only my finances that get messed up + * Haven't been able to hold this up. + +Has anyone had similar issues with spending too much on food delivery, and then managed to deal with it? Any advice is appreciated! +Hey guys, interesting one. + +Recently my yaiyai (Greek grandmother) passed away, in typical old school Wog fashion she didn’t believe in banks and for the last 20-30 years had been literally stuffing cash in suitcases under her bed. + +Needless to say, after her passing (this was not in the will) my father and uncle bought us grandkids into her house and all given a sizeable even split of her cash, and it’s not a small amount by any stretch.. + +What the hell can I do with this so it doesn’t look dodgy? Because it feels dodgy, do I declare it somehow? Or is this straight “dodgy Wog” territory. My cousins are convinced they’re just gonna go pay cash for cars and not worry about ramifications, I’d like to turn this into a house deposit or invest.. +Can we just pause for a minute and think of the magnitude of this forum’s impact on the global economy. Millions of people suppressed by the 1% are coming out in droves to fight back. To take back a small, but significant piece of what we’ve help build. We’ve lined the pockets of the greedy corporations, who have exploited the working class. In 1965, CEO employee ratio was 21:1, today it is 320:1 and rising. +This move has provided an opportunity for new and veteran retail traders to regain some of that capital back. + +This forum’s open and transparent dialogue has helped people pay off loans, make their rent payments, and perhaps get back on their feet after a horrific and painful 2020. It’s time the world gets to enjoy some tendies. Today, some kid’s $2k to $50k trade can help him regain some footing. Perhaps he can buy something supporting a small business or even start his own. + +This forum has transformed the economic narrative. Short traders pushing to bankrupt businesses at 138% of a company’s value will forever need to reconsider their moves. America was built on the backs of hard working people. Many of these people still work at some of these companies earning minimal pay. Shorts like this puts more people out of work and further into debt further suppressing their ability to make a sustainable living. Billion dollar hedge funds will need think twice about trying to bulldoze America simply for the benefit of a few. + +Many of us grew up with some of these companies. Companies like GameStop and AMC are part of +Americana. Sure, you may not have liked the $3 trade in for your game or perhaps you always wondered if the popcorn attendant came in your bucket, but fuck did you not still enjoy the movie experience. Other’s like Nokia and BB helped transform the way we communicate, share and communicate today. Way before we would browse Reddit while shitting, we were playing snake on our 6160. BB was, and still is Canadian. We hated their phones, but love our neighbors. These companies, who have lived among the most shorted companies, finally tells corporate greed that their game stops. + +So, to my fellow autist, as we rise this morning and gain further momentum, get ready to B.A.N.G. hard. There’s no time to slow fuck this. Get up, stay hard, and seize fucking the day. Our time has come. + +I like the stocks, but LOVE you all. +I hate how inflation has ruined everything. I’m 21 and live alone in a unit with my cat and I am just so poor all the time. I work my bum off at work full time and I BARELY make ends meet. + +I don’t eat because I can’t afford it, my rent and bills are too high and take up my whole pay, I always look after my little cat perfectly with lots of food and everything she needs but it leaves me with nothing. I’m staying afloat, like I’m not going to be evicted or anything but I always have $20 to enjoy after working 40 hours a week. + +I just had to get a wisdom tooth because of a horrible infection which was $500, and then my car broke down and that was $1800. I just wish I could be like the other girls around me! I wanna get my hair cut and buy clothes here and there, I wanna be able to buy a drink at a pub and not have to sneak vodka in a ziplock bag, I want to treat my partner to dinner! + +I just want to cry all the time, this world isn’t designed for low income earners, I always feel like an absolute failure even though I work soo much! + +Sorry for the rant, my heart is just hurting, I keep saying “when I have money” but everytime I think I finally do, I get a random $500 bill or emergency. I hate this. I just want to live comfortably and not eat stupid toast for dinner every night. +Now before I get called a mayonnaise slinging shill hear me out. + +This hasn't stopped me from buying, hodling and voting. This is simply a discussion I want to start to further harden our diamond hands 💎✊. + +For months now apes have been telling themselves to hold and expect nothing, prepare for everything. This includes putting all your faith in specific dates. I believe the veteran apes have already been tried and tested but for the new apes out there. 6/9 is NOT the MOASS date, just because people are hyped about the meeting doesn't mean it's when MOASS will start/happen. + +If you think for a second all your time and effort hinges on this date. You are playing yourself and I wouldn't be surprised if you become a paper hand. Remember to expect NOTHING. + +HODL 💎 + +Edit 1: Thanks for the awards! I actually didn't see a previous post (maybe 20-30 mins) older than this. + +Edit 2: I have seen a few comments saying this is fud. Sorry if it appears that way. But patience is key. + +Edit 3: thanks for all of the awards and comments guys and gals. I am lovin6the discussions going on below. + +Edit 4: a fellow ape brought up a similar topic yesterday on the daily https://www.reddit.com/r/Superstonk/comments/nr819f/gme_daily_discussion_june_03_2021/?utm_medium=android_app&utm_source=share a Yokashi-Monta, it's a different take on what would happen on 6/9 take the time to read it and come up with your own thoughts + +Edit 5: Got that dreaded message from reddit, been reported for 'suicidal thoughts'. Looks like I triggered a couple of man children. +thetagang I am not a big fan of selling puts, and I have been consistently profitable selling covered calls, but would like to know some golden rules from successful traders running the wheel. I’d like to learn about best practices, etc and best ways to manage risk +Imagine you’re sitting in your wife’s boyfriend’s kitchen 20 years from now and their ten year old kid that you’re raising walks in. + +“Hey, I just watched a movie about the GameStop squeeze of 2021! Weren’t you in the stock market back then?” + +His excitement tries to cut through the field of regret the memory has sparked, but it can’t. + +“I was,” you answer hesitantly. “That was a crazy time.” + +“Well, did you trade it? Did you have it when it went to two thousand??” + +He’s so giddy it’s almost palpable. You take a sip of coffee before answering. + +“Well uh, I was, but sold my shares in the morning after they fell fifty bucks in after hours trading, at two hundred.” + +You’ve never seen your son look at you like this before, and hope you’ll never have to again. + +“Uh, okay.. bye..” he walks off. + +You sigh, closing your eyes. + +What you wouldn’t do to change the past. + + + +Edit: Don’t give this dumb post money, put it into GME +I'm a low count share holder (no positions, right?}. + +At 1,000 a share I get to go on a decent holiday when covid ends. + +At 10,000 I get to pay off the mortgage but my wife and I will still have to work until retirement. + +At 100,000 My wife and I get to retire and live to roughly the same standard that we currently have. + +At 1,000,000 We get to retire. Buy a nicer house in a nicer area. We can help out our close friends and family. + +At 10,000,000 We retire in luxury. Our friends and family, their kids etc are set for life. We can sponsor our favourite charities. We can chip in to cleaning the oceans, educating the world, drinking water for all. We can start to change the whole world for the better. + +Every zero added to the share price extends the circle of influence that we can help. + +This is why I want ALL of the money. +The mother of all QEs is here - US Federal Reserve has announced: + +a. Interest rate cut by 100bps to 0% - 0.25% +b. Emergency lending rate cut by 125 basis points to 0.25%, +c. Increased the emergency lending term of loans to 90 days. +d. Buying of $500 BN of Treasurys and $200 BN of agency-backed mortgage securities. +e. Pushed major banks to use the equity + liquid buffers ($1.3 TN + $2.9 TN) for lending and manage credit expansion. + + +Reactions: + +a. Instantly, eight largest U.S. banks (Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Far go) have suspended share buybacks program to support the Fed's idea of credit expansion. + +b. The US Dollar should react to this monetary policy action - Fed buying will lead to fall in DXY, in turn, emerging nations currency should show signs of strength. + +c. The US Treasury Bond Prices must rise and Yield should fall with this action plan. The 10YR Yield is now at 0.7% (significant fall of ~0.3%). + +How will this impact India? Lets have a discussion! +I applied to another company to test the waters so to speak. The same job, but higher pay and less work. I just applied via indeed and had not even set up an interview, i guess they called my current employer for a reference check. + +I got called into my managers office this morning and was told that they heard about my "looking for other employment" and that they were looking for a replacement. I told her that i was just looking and didnt think that was considered resigning right now. + +Can they really count that as a 2 weeks notice? +Ordinal utility makes sense: someone can value *x* either more or less than *y*. However, I don't know how cardinal utility makes sense. Cardinal utility means someone can value *x* at 10 "utiles," *y* at 11 utiles, and *z* at 23.1 utiles. How does it make sense that goods can be numerically valued and measured in "utiles"? It would be silly to say "I value a TV at 10 utiles, a house at 11 utiles, and a car at 23.1 utiles," wouldn't it? So, how is cardinal utility a valid strarting place for scientific inquiry? +Ordinal utility makes sense: someone can value *x* either more or less than *y*. However, I don't know how cardinal utility makes sense. Cardinal utility means someone can value *x* at 10 "utiles," *y* at 11 utiles, and *z* at 23.1 utiles. How does it make sense that goods can be numerically valued and measured in "utiles"? It would be silly to say "I value a TV at 10 utiles, a house at 11 utiles, and a car at 23.1 utiles," wouldn't it? So, how is cardinal utility a valid strarting place for scientific inquiry? +Just about everywhere train trips are more expensive than equivalent air travel. They're often more expensive than bus companies too. Now non time sensitive freight companies prefer to move goods from a to b in this order: Shipping>Trains>Trucks>Planes. Theoretically trains are a more energy efficient method of transporting. So the question is. Why are they almost always more expensive than flying for passenger transport? Curious to know why. +I graduated last January with a BBA in Economics and I still don't know what to do. +I don't see myself working for the government nor the banking sector. + +Now it hit me, why most of the professors of the college of Business and Economics at my University carried bachelors in Economics but masters and Phds in something else, there are no jobs for us. + +I'm curious, what did you do with your degree? +Your state is probably next. + +How is this going to work? + + [https://www.kansas.com/news/politics-government/article241290866.html](https://www.kansas.com/news/politics-government/article241290866.html) +Two women file sexual abuse complaints against Nikola founder Trevor Milton https://www.cnbc.com/2020/09/29/two-women-file-sexual-abuse-complaints-against-nikola-founder-trevor-milton.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Some of us are very ambitious and excited about achieving FIRE, myself included despite it being pretty far out. We think “the sacrifices will all be worth it when we get to our target date!” But we forget that each day is gift to be enjoyed. Be smart, be frugal, but enjoy that Starbucks drink/time with the kids instead of a side hustle/good Parmesan vs sawdust/etc. + +Post motivator: my grandpa had a stroke and isn’t recovering well. That plus old age leaves him unable to talk much, read, or hear. He has severe anxiety due to the Hell inside his head and inability to express himself - wishes he was dead. He lived a good life and continued farming until the stroke. Every time I see him I am reminded that the journey to FIRE is just as important to enjoy as the result. +Pandora Papers: + +Terabytes of data, 12.9 million documents, all detailing how billionaires and over 300 corrupt politicians have avoided taxes, and Bitcoin was not used a single time by them. + +How can it be that exactly the politicians who claim that crypto would be the main accelerator of financial crime and tax evasion have used exclusively the broken old financial system to do that which they blame crypto on supporting. + +With Bitcoin every single transaction would be transparent on the blockchain, everyone could see where all the money is going. Wondering why they are so against it? The reason seems more obvious than ever. + +Pandora papers showed that people are using loopholes in tax laws to hide their wealth in tax havens to hide their wealth or ill gotten gains. They are not using cryptocurrency to do that, there are plenty of loopholes in tax laws for doing it legally. + +The rich are holding properties and investments under a network of offshore companies that are set up in other countries, or "offshore". + +These offshore countries or territories are where: + +\- it's easy to set up companies + +\- there are laws that make it difficult to identify owners of companies + +\- there is low or no corporation tax. + +The best part of it is that using tax havens to dodge taxes is not illegal. Loopholes in the law allow people to legally avoid paying some taxes by moving their money or setting up companies in tax havens, but it is often seen as unethical. + +Its estimated that from $5.6 trillion to $32 trillion is hidden in tax havens, according to the ICIJ. The IMF has said the use of tax havens costs governments worldwide up to $600bn in lost taxes each year. + +To hide money all you need to do set up a shell company in one of the countries or jurisdictions with high levels of secrecy. This is a company that exists in name only, with no staff or office. It costs money though. Specialist firms are paid to set up and run shell companies on your behalf. These firms can provide an address and names of paid directors, therefore leaving no trail of who is ultimately behind the business. + +When such a huge amount of money is hidden in offshore havens, the rich still blames cryptocurrency as the culprit for money laundering. This is classic gaslighting. They are projecting and blaming the most vulnerable group, what they do themselves. + +This legal way of tax dodging will never end because the people that could end the secrecy offshore are themselves benefiting from it. So there's no incentive for them to end it. + +Its time more people speak up against this and move more towards cryptocurrency where all data is independently verifiable. +This one goes out to all those licking their wounds. + +6 months ago seems like a fever dream. You’d just been through the volatility of covid, taken your lumps along the way, but the future was bright. + +Maybe you are a VP at Zoom sitting on an RSU package that was once worth $15M. + +Maybe you’re a founder or exec at a SaaS company and were counting your chickens. + +Been there. + +Winter is here and it’s hard to stomach. Coca Cola and Phillip Morris still trade near all time highs and yet your net worth has been cut 70% in the last 6 months. + +I see you. I feel you. + +I feel especially bad for those who had made life changing decisions based on their “net worth” that have seen it evaporate in what feels like a nanosecond and for reasons that are pretty unclear. + +Those who spent years building something that skyrocketed in value, on premises that seemed solid (you know, ARR, margin, etc.) that are now faced with a completely new reality. You built solid companies based on fundamental premises that seemed solid. + +The current circumstances feel irrational. + +Unfair even. + +It’s tough. + +Meanwhile there are speculators all around you who managed to win (and I mean that in the most gambling oriented way) life changing wealth while building nothing at all (crypto). + +We survey the smoking landscape and wonder where we go from here. + +There is a special class of person whose life has been destroyed in ways none of us will ever fully appreciate. + +That person is the one who was overexposed to saas, and the majority of those were in that position against their direct will (eg RSU, founder). + +Meanwhile the speculators (crypto) and grey hairs (index) have hardly felt any pain, especially the former relative to their risk exposure. + +I feel you. + +The future is impossible to predict but for what it is worth (nothing) I believe you will eventually be partially made whole: a company with 80% margin with net revenue retention &gt; 100% growing at 50% year over year is worth more than what you’re holding. + +I guess the lesson is to diversify, if nothing else hopefully this calamity will create more opportunities to do so when you bet your families future on RSU or options in companies with amazing fundamentals. + +Easier said than done, as today there are very few convenient ways for a person with significant restricted stock to save their ass and I’m truly sorry for the many who are reading this who thought they’d be resigning tomorrow to head for the beach. + +Edit: seems many people are interpreting this as me being a dumbass that got smoked and complaining. I have taken a beating, but I’m definitely not in the situation described here. mostly this is a reflection on what life could easily have been like for me had timing been different. I get that maybe these circumstances are hard to imagine for many people, and statistically rare, but believe me there are people in this sub who are highly educated and financially responsible that found themselves in situations where 80% of their fatfire grade networth was very close to being liquid, but not quite liquid, and there’s not a whole lot you can do about that if your company is late stage private or if you’re holding restricted stock. +So much of FI is about saving/investing (and FatFI around aggressively investing), so I wanted to share my splurge with you all since I can't with anyone IRL. + +I'm taking my mom to see Metallica (our favorite band) in a couple weeks. Seats for lower level started at $1k each so I figured if I'm going to spend $2k on tickets for "ok" seats, I might as well pony up for the 4th row. + +Have you splurged recently? +Not sure if this is the right place to ask but I checked the rules and I think I'm good. + +I know nothing about economics, but a friend of mine wants to read The Wealth of Nations and I was going to buy him a copy of it for his birthday. Since I know literally nothing about the topic and have never read it, I need some advice on the following points: + +1. My friend is actually learning English, and my understanding is that this book was published in 1776, so I'm assuming it has some complicated language. Do you think it would make sense to also get him a copy translated to his language so he can read both? +2. I'm a little clueless about commentaries. Do all versions of the book have commentaries? Are there any in particular you would recommend? +3. Any general recommendations for which copy/version of this book I should get? I know there are several different ones and I literally have no idea + +Apologies for the newbie question, I'm really not knowledgeable about these things but my friend is extremely into it! Just hoping to be able to give a good gift :) + (Unbiased responses with some FACTS please!) I feel like Obama took over at a really low point and then left at a rather high point. Is it the claim that the economy would have recovered more quickly without his policies? Is it that unemployment rates were artificially low, because people stopped looking for work? (Is that true?) Something else? Not trying to troll or push an agenda, but I hear so much "Obama and the democrats just waste/spend money and ruin the economy" rhetoric, but from my lay perspective, it seems like the economy did really well under Obama. (Is THAT true?) What's the reason for all the criticism? +Fatfire goal reached. I am still working but am I pushing my child too hard? + +He is freshmen and currently doing pre-med and his workload is immense. It is only going to get worse from here and in the medical school. + +I have really not told my family clearly about the fatfire status for the very reason of loss in motivation. He is an exceptional child, always scores A but I feel when he has to work hard and do night outs. But I also want him to achieve something and he can clearly complete medical school. + +My total net worth is around 15M and will continue to grow. I also have approx 1M RSUs vesting in next couple of years, so I want to continue work till then and by that time he will get into medical school as well. + +Have you faced this kind of dilemma with kids education being fatfire’d. + +Edit 1: great feedback and responses. Really appreciate it. Couple of items to clarify, he is very motivated and it was his idea to become doctor. As a concerned parent, I was just debating internally and wanted to suggest to take comp sci or eng a relatively easier field. I am paying for his education and everything else. I also agree that it is a long ways, so will continue to monitor and encourage and go with the Flow. Thanks again. +$EVM. Love the automatic buyback function? Don’t miss EverMars! + +Automatic buyback is the new auto-reflection, but better! Built to actively manage dips and protect investors from Whale dumps. This function has been showcased on a number of projects so far, and works incredibly well! + +EverMars had a small 100 BNB presale that filled instantly! This shows the project has plenty of hype, but also plenty of opportunity once the token launches! You will not want to miss this one! EverMars features the automatic buyback AND reflection to holders. You get the benefits of both!! + + The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will rarely ever see 2 sells in a row! + +Why should you invest in EverMars? + +EverMars token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time, unless ofcourse it is manually switched off, to be efficient. Manual buy back is what gives EverMars an edge, and so it is important that they are efficient. + +Important Links: + +Contract: 0x57c56665B2bcdf3CB86E40A9D3DC21f5b0AeD7Ad + +Telegram: https://t.me/EverMars + +Website: evermars.cotwitter + +Twitter: https://twitter.com/EverMarsBSC + + +As I always say. PLEASE do your own research before investing. Do not invest more than you are willing to lose. Any project is not without its potential pitfalls, so be smart! That being said, I highly recommend this project! + Moon bud is a fully community owned token, with plans to push its holders through the best bull run experience possible while helping thousands of animals in need. All liquidity is locked for a year and contract ownership is renounced. + +With only 3 days on the market, moonbud is already breaching 4,000 holders and nearly half a million has been raised for animals in need. Not a single token can prove to have such a strong dedicated community that is capable of raising hundreds of thousands of dollars in mere days. Moonbud also has announced in their telegram they have a **2 MILLION follower** tiktok account featuring them today. + +Today was a turbulent day for $MBUD, with the top whale getting rid of his entire stack, the community pooled together and proved its strength was not a force to be reckoned with, eating the entire dip in a matter of 20 minutes. Eating such a large dip is unheard of in a microcap coin. Now in light of future growth, the moonbud team has hinted and discussed a number of **parabolic catalysts** in stock for the next few days. + +There have been small hints and rumors' floating around of the **BBC,** yes you heard that right, the **British Broadcasting Network featuring moonbud** on their network for generating the largest total crypto donations to ever be recorded. If this doesn’t **scream** ride to 100M-1B mcap +, then nothing does. In addition to such groundbreaking coverage $MBUD also plans on: + +1. Release of audit in the next few days +2. New, professional grade website next week +3. CG and CMC applied - listing as soon as possible +4. Charity drives every weekend starting next weekend - always SIX FIGURE donations +5. Rumors' of top tier NFT’s being released +6. Governance Dapp + +With all these huge things in the pipeline and more raised for charity then any other project has before, moonbud is still a microcap. There is nothing that screams **BULLISH** more than a microcap bridging the gap between real world and crypto by presenting hundreds of thousands to charities in real life, (**developers will be doxxed**) not to mention shattering **world record donations.** + +Moonbud is also hosting a 500,000 MBUD giveaway,(few thousand USD) all you have to do is follow the instructions of this twitter post: [https://twitter.com/MoonBud\_Coin/status/1385385852923269122](https://twitter.com/MoonBud_Coin/status/1385385852923269122) + +$500 USD is also offered to the best Moonbud tiktok using #MBUD and #moonbud. + +I know I have my bags packed and ready to go. + +Links: + +Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Website(v2 next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Subreddit: [r/moonbud](https://www.reddit.com/r/moonbud/) + +Note: If it says “price impact too high” on pancake swap you must click the “v1 old” button on pancakeswap +So many of you probably saw my post last week on IPA’s potential for major growth with the move to NASDAQ. If you haven’t read that I’d suggest you check that out here: [IPA POST](https://www.reddit.com/r/Canadapennystocks/comments/kjmaef/ipa_going_to_the_moon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + TL;DR for post: IPA has very great outlook as it is a great company with high potential as it hits the NASDAQ and gears towards the release of their Antibody Cocktail near the end of Q1, which we can expect success as IPA has over a 99% success rate in production of antibodies; and this is far from an exception. + +While IPA is not trading on the TSX, IPATF is currently trading on OTC and it is up another 13% by close today . This is just the beginning of whats to come and tomorrow I believe we can expect a similar jump (16%+) or better as IPA was trading at $21.50 on Friday on the TSX, however $19.05 USD today on OTC = ~ $24.50 CAD. However this is just a preview as Wednesday is when the excitement begins! After trading commences on the NASDAQ, we see this as a major catalyst as it opens the opportunity for over 10x more investors + on the biggest biotech market in the world. In essence, IPA is moving to the big stage and excitement couldn’t be higher as it has what it takes to grow what I foresee as about 4-5x + +If you don’t believe me, I called this stock at $12, $20 and it’s still growing. I reiterate my current near term price target on the upper end of $80-$110. + +And here is your advantage: there is one more trading day on TSX (tomorrow) before the move to NASDAQ. You can get the goods before the move at a price with just a fraction of the volume and excitement. Take this as an opportunity that has minimal short term risk of falling. + + +Additionally, $IPA has another catalyst that will drive volume and excitement into I’m sure all of you guys are aware of the numerous new variants/strain of COVID-19 spreading from London and around the globe that is far more intense/aggressive and harder to handle. While it is new and quite hard to understand- we know one thing in terms of the implications for Immunoprecise Antibodies ($IPA) and their antibody cocktail design to treat mutations is very timely. There are great opportunities now available for Canadian Investors. If you read my last post, you would know IPA’s main focus throughout this Pandemic is creating an “Antibody Cocktail” that is proven to neutralize all strains of COVID-19. Additionally, CEO of IPA and WHO board member, Dr. Jennifer Bath, has explicitly stated in her most recent Interview with Bloomberg US that this Cocktail will be ready before April 2021 which she explicitly stated in this video @4:47: + +[VIDEO](https://www.bing.com/videos/search?q=bloomberg+jen+bath&qs=PF&cvid=e56cfa5804044109bcc105902943948b&cc=CA&setlang=en-US&plvar=0&ru=%2fsearch%3fq%3dbloomberg%2bjen%2bbath%26form%3dEDGEAR%26qs%3dPF%26cvid%3de56cfa5804044109bcc105902943948b%26cc%3dCA%26setlang%3den-US%26plvar%3d0&view=detail&mmscn=vwrc&mid=EC0E19108C7EDC9E7E6AEC0E19108C7EDC9E7E6A&FORM=WRVORC) + +I recommend viewing the whole video if to everyone, regardless of whether you are interested in this catalyst and what IPA has to offer- as Dr Bath very specifically breaks down the future of COVID-19 treatment, in a very simplistic way. Again, Dr Bath and her team began working on treatments form mutations in January of this year using their experience to understand that the team rent for mutations couldn’t be developed as quickly but it would be the best option mid to long term. Pat on the back for IPA for early on exhibiting the foresight to predict how this was going to play out. + +Play this beast short, medium or long term for high probability investments gains in my opinion and don’t sleep on $IPA for long. + +Please upvote if you want more posts on stocks like this. + +Edit: Thanks For the Gold!!! +I begin to try to trade futures and I have no been successful in the slightest. It’s like the TA doesn’t make sense. Like for instance, when I see a rising wedge, I’d expect it to turn around and dip but in futures, it just seems to keep going up and Vice versa. I’ve traded SPY many many times and I’ve been able to do that but with futures, it doesn’t make sense to me. It’s like the chart doesn’t act like how normal trading is. + +Anyone else feel this way? +I dunno what’s going on. +I started trading a few months back. Eveything was great I had full confidence in my strategy. When I lost money I didn’t mind. But was coming out green every week. +In my last 14 trades, even though I feel as if I’ve improved I’ve lost money on 11 of them... I keep seeing a perfect set up and doubting it, taking too long to make my mind up and then watch it shoot up without placing a single trade. Then not thinking straight getting into a trade which doesn’t follow my plan because I’m annoyed about missing out. + +I know it’s a very broad answer but how did you stop trading with emotions and follow your plan as closely as possible? + +I tried making my trading plan even more precise so there’s no gray areas but there’s still something in the back of my mind making me doubt everything I do. + +I’ve got a cash account as well so I can only make one trade a day as they hold onto the money for 2 days after you’ve traded. I don’t think this helps I’m putting more pressure on that trade to work out. + +Are there any books which can become my bible and help me develop in my mental beliefs? Or just any strategies I can try to implement to try to reduce emotional trading. +Fellow Chinese speaking ape u/TreacleAggressive663 , who can’t post nor comment, from the GameStop sub has this to say; + + +Cannot comment on Superstonk, but this Ever grande official bankruptcy untrue!!! + +https://preview.redd.it/crnsqoohn6581.png?width=815&format=png&auto=webp&s=434a1cb112767e1bc4c9e8fd46b69db2da50281a + +The author uses a Chinese video on Webo as source. I'm a native Chinese speaker and listened to the video twice. There is no single word in the video saying it officially enters the bankruptcy liquidation process!!! + +Link of the source video: [https://m.weibo.cn/status/4713026726397862?wm=3333\_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin](https://m.weibo.cn/status/4713026726397862?wm=3333_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin) + +There are two parts of the video. + +Part 1 is fact. Mr. Yi, the China' central bank governor said that let the market do its job. The Chinese government will not bail out Ever grande. + +Part 2 is about the video maker's own opinion and analysis. It was primarily focusing on the priority of liquidation beneficiaries. + +China's central bank governor never said it's officially in bankruptcy liquidation process now!!! Untrue!!! + +The original post; + +https://www.reddit.com/r/Superstonk/comments/reixa6/chinas_central_bank_declares_evergrande_officialy/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=web2x&amp;amp;amp;amp;amp;amp;amp;context=3 + +( Insight by u/Danny_boy31 ) + +*There are 2 parts of that post:* + +*An alleged screenshot of an announcement from Mr. Yi, the China's Central Bank Governor who announced that Evergrande has officially entered into the bankruptcy liquidation process on social network platform for investors called XueQiu.* + +*A video on Webo stating who is going to get the priority during a liquidation process. The author of the original post did not say that the video says they have officially defaulted as far as I understood.* + +*They are 2 separate things. Obviously I don't know if either have been verified.* + +On that, I want to add, that Evergrande is the one responsible for announcing/declaring their bankruptcy. NOT the Yi guy or any other financial analyst, even if they are closely associated with the company, the company itself needs to put the word out. + +( u/bravestar3030 ) *Also, you file for bankruptcy and it is a legal process. actual bankruptcy has to be approved by a judge and then shit goes down depending on the terms. between filing and declaration a lot can happen, including a (full or not, see Greece debt crisis) bailout (which the CBoC has ruled out, for now).* + +Disclaimer for clarity from another ape that cannot comment, u/Marsych + +*I also cannot comment, but I don’t think the original post claiming Evergrande default is incorrect, the Chinese CB did not explicitly say Evergrande has defaulted but if you read between the lines they did say they would take a “lawful approach” basically meaning they will follow priority to claim assets in the event of a liquidation* + +Clarification; we all agree EG and its bonds (especially American commercial paper ones) are a dumpster fire ready to blow at any given day. The thing is, the CBoC did not explicitly state the company is (or is ready to be) bankrupt (*even if* they did it wouldn’t make sense, because the company has to do that). It only clarified it will regulate the imminent liquidation/bankruptcy indifferently. (I think all dollar bond holders are fucked) + +Let’s just call it a stage of denial. They haven’t paid, they haven’t filled (and declared) for bankruptcy. Fuck it, who cares? **DRS is the way!** + +Edit; replaced “FAKE NEWS” with “untrue” +For example, at my local Dillons I get 4xFuel Points for buying gift cards (normally $1=1 fuel point, 100 fuel points = 0.10 cents off/gallon at participating gas stations). I'm getting ready to purchase $156 of stuff off Amazon tonight. By going and getting a Amazon gift card for $156 at Dillons first, I get 624 fuel points (so 0.60/gallon discount), and I usually put 18 gallons in. So I'm getting $10.80 in savings (which is 6.9% of the Amazon purchase) on my gas fill up off the Amazon card alone, not counting my other fuel points I've earned. This works with any gift card they sell - Walmart, Target, etc., meaning if you give gift cards out for Christmas, you keep the fuel points, + +In addition, if you're looking for a simple way to save up for a bigger purchase but aren't great at saving up, you can purchase set value gift cards along the way - say, every paycheck buy a $25 or $50 gift card, and then you'll get the fuel points along the way plus have the money put away in the form of gift cards if you're looking at a larger purchase. This is of course for short term saving only! + +You can purchase the gift cards with credit cards, giving you the fuel discount plus your credit card rewards, to maximize your savings. + +Edit: this got big. Regarding the debate below on 'can you buy gift cards with credit cards', that seems to vary by state and possibly company. Where I am, it works fine, however if you're unsure where you are, it's probably worth checking before you buy.[receipt showing points/card](https://i.imgur.com/0nzt1oC.jpg) I purchased my gift card using cash, since I'm carrying a balance on my credit card already. I have purchased before with a CC, but it was not time in my CC cycle to buy with a CC again. + +Edit 2: saw this blew up overnight, so I added the photo from my trip this morning. I bought milk & a Amazon gift card for $160 for easier math. Not shown on the receipt is a 50 fuel point survey, which will also bring down my gas cost. + +Edit 3: several people in the comments have pointed to the Amex Blue card for giving you 6% back on grocery store purchases. There are lots of good comments & ideas below, thanks everyone! For context, my grocery store and gas station are 3 short blocks away, the max fuel discount is $1.00/gallon, and I fill up a 19 gallon tank once a week (although of course I usually only pump 18 gallons in, I'm not pushing a SUV to the pump!) +I am a new wealth beneficiary and hence I dont know the answer, + +**Do you obtain an umbrella policy for your entire net worth (mine is 7 mm)?** My father (who had the same net worth) only had an umbrella for 1mm (plus what ever the maximum coverage was on his home owners/auto). + +Each 1mm is about 200 USD/annually. I have obtained a 2 mm umbrella (plus auto and home owners coverage). My banker says I should insure the entire amount of my net worth. The thing is I am not a crazy whackjob so I find it very difficult for me to get into a lawsuit, let a lone a serious one. + +**FatFIRE's how much do you umbrella insure? and what % of your net worth?** +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! +Hey gang. I’m asking this for several reasons. + +First of all, I love to travel and would like to add some destinations to my travel plans for the coming year. I’m on the east coast but travel all over for work and pleasure. + +Second of all, I’m a semi-retired real estate developer and I enjoy seeing how different towns creatively use their location, natural geography, unique architecture, and local culture to create a “unique sense of place” that makes people want to visit, live and work in one area over another. + +I built my career by giving new life to historic buildings on main streets in small towns in PA. It’s been my passion. But there are lots of other ways to make a place amazing. + +What are some of your favorite unique cities that have stood out to you? +Taking a year-long sabbatical made me realize a few things: + +1. Life is precious and youth is fleeting. + +Take time off while you're still relatively young and adventurous. I was a little bit past my 40th birthday but still had a lot of my energy and was in great shape which paid off as I did many physical activities I won't be able to do when I'm older. + +2 Quitting work forever may not be for you. + +After a few months of travel, I grew a bit restless and wanted to come home and achieve great things again. Taking time off re-energized me and created a thirst to learn new things. I worked for the same company but eventually left and I've achieved things at my new company I could only dream of before. I also realized I wasn't ready to quit work completely. I still like the feeling of accomplishment and winning. + +There's more but that's what I have for now. Key note: traveling the world is only possible in a post-pandemic world but there's plenty of time to plan it now. + The project is just over a day old and has already accomplished so much + Use case being planned, don't miss out! + +(DYOR) + +🟡 Blockfolio ([https://feedback.blockfolio.com/coin-requests/p/httpsfairsafefinance](https://feedback.blockfolio.com/coin-requests/p/httpsfairsafefinance)) listing voting in progress (please vote!) + +✅ Website ([https://fairsafe.finance/](https://fairsafe.finance/)), Twitter ([https://twitter.com/FairSafeBSC](https://twitter.com/FairSafeBSC)), Discord ([https://discord.com/invite/dC32qxZfKs](https://discord.com/invite/dC32qxZfKs)) launched + +✅ Doxed dev (Info on website) + +✅ No dev wallet + +✅ YouTube review from Alexandrus ([https://youtu.be/vIZB6bIB1v4](https://youtu.be/vIZB6bIB1v4)) (60k subscribers) + +✅ TikTok video from Blaneoh ([https://vm.tiktok.com/ZMeaQSWuh/](https://vm.tiktok.com/ZMeaQSWuh/)) (1.9m followers) + +✅ Applied for CoinGecko + +✅ Applied for CoinMarketCap + +✅ Price bot for Telegram channel + +✅ Unirocket ([https://t.me/UniRocket\_FSAFE](https://t.me/UniRocket_FSAFE)) bot and channel listing + +✅ LP burn, ownership renounced ([https://bscscan.com/tx/0x1fbd55a3aca653f784f49cf300cd3f06d993a9b23c6b7ccbc9e4169e49745fb5](https://bscscan.com/tx/0x1fbd55a3aca653f784f49cf300cd3f06d993a9b23c6b7ccbc9e4169e49745fb5)) 100% SAFE + +✅ Community token lock ([https://dxsale.app/app/pages/dxlockview?id=1&add=0xCdF5817D058F05A14F56ebCA293dD6ce6dfF7D1e&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0xCdF5817D058F05A14F56ebCA293dD6ce6dfF7D1e&type=tokenlock&chain=BSC)) (14% of supply) - More info + +([https://fairsafe.gitbook.io/fair-safe/token-lock](https://fairsafe.gitbook.io/fair-safe/token-lock))✅ Initial token burn (40% of supply) + +([https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454](https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454))✅ Fair launch on Pancakeswap + +([https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca&inputCurrency=BNB))🟡 Dev fund wallet (Soon) + +🟡 NFT Release (Twitter artist - 40k followers) + +🟡 Logo and social links on BSCScan + +🟡 Apply to list on exchanges + +🟡 Increased marketing efforts +This post builds upon the information brought to light by /u/wakeuparleen + +[^(https://www.reddit.com/r/Superstonk/comments/omhrho/someone\_with\_a\_wrinkle\_fucking\_help\_v2/)](https://www.reddit.com/r/Superstonk/comments/omhrho/someone_with_a_wrinkle_fucking_help_v2/) + +Starting from 8/13, the two new weekly calls have a max strike prices which are just above the current prices. The possible explanation why? SHFs know they're fucked soon. They will not make bets if they know they will lose money on them. + +# The weekly calls + +|Expiring Date|Max strike price| +|:-|:-| +|7-23|$680| +|7-30|$570| +|8-6|$440| +|8-13|**$217.50**| +|8-27|**$250**| +|9-3|???| + +Market makers are responsible for depth and liquidity in options trading.Previously made available weekly options had high maximum strike prices. The same holds for the monthly options: between 8-20 and 11-19 max strike were $680, $680, $680, $800. + +Clearly a downwards trend in the weeklies from 8-13. Something happened between the making of the 8/6 and 8/13 weeklies. Time will tell if it continues (when 9-3 options come out and if 8-13 & 8-27 max strike prices might increase). + +# Defeat is imminent + +For the newer weeklies, some kind of new information made the market makers lower the max strike significantly. **Normally this means missing out on free tendies, but SHFs aren't dumb, just crooked. So the risk must be deemed too great for the reward.** + +From the point of which the market makers (Citadel mainly, but possibly Susquehanna and Point72 too) decided to lower the max strike prices for the new options they had to make available (one of MMs their responsibilities), something became clear: + +the chance (risk for the other side) of MOASS increased greatly. 🚀🦍 + +If the theory holds, some piece of information meant that the MOASS-reality is setting in for SHFs, defeat might be inevitable from this point on. + +This defeat (MOASS), according to the new information, could happen starting from (date of the creation of 8/13 weeklies) to some point in the future (new max strike prices could go even closer to the share price, but Citadel still has a duty as MM to create weeklies). + +# The information + +As to what this new information is, it could of course be a date/information regarding GameStop their NFT, some kind of dividend or even pulling their shares out of the DTCC completely. + +I have zero doubt that Citadel, as the biggest market maker in the world, could attain dividend dates/information or other stock information well in advance for any stock, let alone $GME, the reason, the chosen one that pops the bubble which shatters it all, and which forces citadel to go down. + +&#x200B; + +This is also in line with the deathspiral theory by /u/PowerRaptor : shorts must lower the prices of new synthetic shares to meet the ever increasing pressure of the margin debt requirements. Image for a good illustration. + +&#x200B; + +[Deathspiral theory https:\/\/www.reddit.com\/r\/Superstonk\/comments\/oktyvl\/deathspiral\_for\_shorts\_to\_stay\_short\_the\_price\/](https://preview.redd.it/un3cggmdvjc71.jpg?width=3508&format=pjpg&auto=webp&s=4f0499b3049e2d541ac99bd9a1892bb9a1ff245c) + +Let me know what you think and wrinkled apes please point out any mistakes. + +&#x200B; + +***TLDR: New weekly call options maximum strike prices are dangerously close to current share prices. Could signal the defeat of SHFs/MMs.*** + +^(This post is not financial advice, just explaining the rules of the game in this massive game theory game so we can achieve the optimal outcome which is desirable to every ape.) + +&#x200B; + +Edit: addressing some questions/criticism in the comments: + +1. 8-20 option is a monthly option and it is created much earlier than the weekly ones, that is why it is excluded in the weekly option table. +2. I'm not giving any buying advice on options. In my opinion, buying options when they are clearly manipulated is like playing slots at a crooked casino. +3. Option strike prices are set by the CBOE, but the final act of issuing options is a responsibility of market makers.Does the formula used by CBOE explain the drastic differences in maximum strike prices between four weeklies? I don't know.Wrinkled apes, I'm looking for information/data on: +\-The specific formulas CBOE uses (found this so far, Chapter 4 Section A Rule 4.5, (d) point 3, 4, 5 and 6) +[https://cdn.cboe.com/resources/regulation/rule\_book/C1\_Exchange\_Rule\_Book.pdf](https://cdn.cboe.com/resources/regulation/rule_book/C1_Exchange_Rule_Book.pdf) +\-Data on the timing and the strike prices of issued options in the past +I’m looking to share a project with yourselves that I’ve been a part of since day 1. For a bit of background here, SHEESH has been started as a joke’ by a social media influencer Aaron Doh. As it quickly gained significantly more traction than expected, Aaron decided to turn it into a serious project assembling a team of +20 to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +Dev: Aaron Doh - Followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +https://www.tiktok.com/@aarondoh + +Before I go on to expand on why this genuinely is the next big thing, as well as the potential risks & downsides I will obviously advise everyone to DYOR - feel free to join the Telegram (2k) to ask questions about the project as we have an extremely welcoming community - https://t.me/sheeshtokenchat + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: https://sheeshtoken.com/whitepaper.pdf - I think it’s pretty clear the odds of him risking his whole public career which he spent 6 years building to scam a few random people on the internet, or even pump & dump his fans is simply not there. The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded: + +Spice King - Followers: TikTok 12M, YouTube 230k, Instagram 113k + +https://www.tiktok.com/@spicekingcam + +https://direct.me/spicekingcam + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + + 1. It will be a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments, with the first Rocket League tournament last Friday having been a huge success + 2. It will be used as an influencer community engagement token – think giveaways, merchandise sales, fan engagement, NFTs, etc +Due to SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is currently in talks with multiple influencers, both content creators as well as influencers specifically in the crypto space. + +Aside from marketing what is currently being worked on is redesign of the website & branding. The team has recently deployed a number of graphic designers to ensure everything looks & runs more slick than it does already. CoinMarketCap & CoinGecko have both been submitted with CMC requiring some minor changes while CG is expected to be finalized anytime soon! + +I’m not going to blindly shill you this project, considering I clearly have money in it and it’s in my best interest for you to join in. Here are potential ‘risks’ or what would have to happen for this to not be a success: + + 1. If the ‘Real Use Case’ will not be successfully implemented, hence ‘non-trading’ related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). + 2. Aaron & the team not being able to generate enough hype/marketing through their network of influencers and partnership deals. +Assessing the likelihood of either of those failing is on you as the investor, so again I urge you to DYOR before throwing in any money. Also please don’t invest anything you don’t afford to lose. + +….now onto the fun stuff. + +HOW TO BUY: + +Never follow any Pancake links of random Redditors! + +Go on the website https://sheeshtoken.com/ and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +Ø Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +Ø Telegram: https://t.me/sheeshtokenchat + +Ø Discord: https://discord.gg/Ssq8MdwQ2w + +Ø Token Twitter: https://twitter.com/SheeshToken + +Ø Token Website: https://www.sheeshtoken.com/ + +Ø Roadmap: https://i.imgur.com/Rm0bTIs.png + +Ø White paper: https://sheeshtoken.com/sheesh.pdf + +Ø Bogged chart: https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +Ø Liquidity locked: https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +Ø Subreddit: /r/SheeshToken/ + +Ø Twitch: https://www.twitch.tv/sheeshtoken?sr=a + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are on going with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. There is an AMA today with Aaron live on Twitch at 4pm Central Time, and a huge rebranding of the website, logo and updated whitepaper being released very soon! +"Gamestop Chief Merchandising Officer Chris Homeister has given notice of his resignation. This will likely be effective at some point this quarter (Q2); the company did not provide more specific timing." +Meet the Investigators +There are conflicting arguments about whether GME was a battle of long and short hedge funds, whether retail investors through Robinhood and other trading apps played a significant role, or maybe both. + +Robert Shapiro, chairman of the economic advisory firm Sonecon and undersecretary of commerce for economic affairs under Bill Clinton, believes the war between hedge funds theory, with a healthy dose of “pump and dump” market manipulation and naked short selling. Shapiro has testified before the SEC and criticized it for failing to take effective measures against naked shorting. + +Read the full story here: + +https://prospect.org/power/how-the-gamestop-hustle-worked/ + +EDIT: it is NOT behind a paywall. You just have close the pop up. +He is THE HEAD of the SEC and he's been working for however many weeks. There is no way that I know the significance of DRS'ing as opposed to street name and the effect that it will have on shares, price discovery, and the inability for institutions to borrow shares to sell short and Gary Gensler doesn't. + +"And I don't know if that (DRS) would help and your follower on reddit might have a good point and I'm going to ask staff about this whether it would help with regard to short selling..." + +So, hello intern from SEC browsing this sub while watching porn. Can you let Gary know that WE'RE ALL GOING TO FIND OUT EXACTLY WHAT DRS DOES IN REGARDS TO SHORT SELLING. +This is for day trading, although I'm sure you could use it for swing trading as well. I have always like to trade short term trades (looking to nab myself 20 to 30 pips usually on GPB/JPY) just in the direction of whatever the prevailing trend is using a combination of pivot points, 200 EMA, and MACD. **But I think this is SO much better.** + +The Super Trend indicator is similar to standard moving averages, but because it is based on ATR (Average True Range) it tends to send clearer signals and also provides you an IDEAL place to put your stop. + +Recently I came across a strategy that I thought was a good idea (here the page I found just searching around on Google, I don't have any affiliation with these folks whatsoever: [https://www.netpicks.com/supertrend-indicator/](https://www.netpicks.com/supertrend-indicator/) ) + +In a nutshell here is the strategy: + + + +* Short term indicator parameters of 10, 3 +* Longer-term indicator parameters of 30,9 +* Initial stop loss via ATR + +&#x200B; + +https://preview.redd.it/udws039z1ig51.png?width=800&format=png&auto=webp&s=a11181ae7fb2632154af781fdf9e7b2d21150beb + + + +1. Trade in the direction of the longer-term trend.  This example is an uptrend and traders will ignore all short trades (turns red) +2. Enter long [trades when the short term indicator](https://www.netpicks.com/build-custom-trading-indicators/) flips back to longs (turns green).  Entry can be at the next candle open, break of highs, enter at the close. +3. Initial stop loss is 2 X average true range.  We need to be able to position size properly and the ATR has always been my “go-to” stop-loss method. +4. Trail the stop loss on the short term Supertrend line once price advances + +The example above ran 90 pips before price breached the [trailing stop](https://www.netpicks.com/trailing-stop-loss/) line. + +**NOTE: I don't follow these rules exactly.** + +So I have the indicators setup the same and I am looking for a "flip" of red back to green in the direction of the longer-term trend, but I don't trail stops or anything like that. + +I just put my stop below the ATR (I don't do 2x the ATR) and I set an automatic take profit at 20 pips. + +I know I can get 20 pips easily, most of the time. Even if the price actually reverses on me. + +Because of that, I don't get greedy and I just lock-in 20 pips and move on with my day. + +Anyway, this has been working extremely well for me and I think the signals of when to take a trade are very clear using this method. **Most importantly -- it's keeping me out of DUMB trades, which is the entire point of having entry signals in the first place.** + +And the more dumb, low quality trades I stay out of, the better. So this has been helping with that. + +Maybe test it out on your own or back-test it or try a variation. + +I had never used this particular indicator before and now I prefer it to MAs (and I was also able to clean some junk off my charts in the process). +This is for day trading, although I'm sure you could use it for swing trading as well. I have always like to trade short term trades (looking to nab myself 20 to 30 pips usually on GPB/JPY) just in the direction of whatever the prevailing trend is using a combination of pivot points, 200 EMA, and MACD. **But I think this is SO much better.** + +The Super Trend indicator is similar to standard moving averages, but because it is based on ATR (Average True Range) it tends to send clearer signals and also provides you an IDEAL place to put your stop. + +Recently I came across a strategy that I thought was a good idea (here the page I found just searching around on Google, I don't have any affiliation with these folks whatsoever: [https://www.netpicks.com/supertrend-indicator/](https://www.netpicks.com/supertrend-indicator/) ) + +In a nutshell here is the strategy: + + + +* Short term indicator parameters of 10, 3 +* Longer-term indicator parameters of 30,9 +* Initial stop loss via ATR + +&#x200B; + +https://preview.redd.it/udws039z1ig51.png?width=800&format=png&auto=webp&s=a11181ae7fb2632154af781fdf9e7b2d21150beb + + + +1. Trade in the direction of the longer-term trend.  This example is an uptrend and traders will ignore all short trades (turns red) +2. Enter long [trades when the short term indicator](https://www.netpicks.com/build-custom-trading-indicators/) flips back to longs (turns green).  Entry can be at the next candle open, break of highs, enter at the close. +3. Initial stop loss is 2 X average true range.  We need to be able to position size properly and the ATR has always been my “go-to” stop-loss method. +4. Trail the stop loss on the short term Supertrend line once price advances + +The example above ran 90 pips before price breached the [trailing stop](https://www.netpicks.com/trailing-stop-loss/) line. + +**NOTE: I don't follow these rules exactly.** + +So I have the indicators setup the same and I am looking for a "flip" of red back to green in the direction of the longer-term trend, but I don't trail stops or anything like that. + +I just put my stop below the ATR (I don't do 2x the ATR) and I set an automatic take profit at 20 pips. + +I know I can get 20 pips easily, most of the time. Even if the price actually reverses on me. + +Because of that, I don't get greedy and I just lock-in 20 pips and move on with my day. + +Anyway, this has been working extremely well for me and I think the signals of when to take a trade are very clear using this method. **Most importantly -- it's keeping me out of DUMB trades, which is the entire point of having entry signals in the first place.** + +And the more dumb, low quality trades I stay out of, the better. So this has been helping with that. + +Maybe test it out on your own or back-test it or try a variation. + +I had never used this particular indicator before and now I prefer it to MAs (and I was also able to clean some junk off my charts in the process). +So I am looking into buying my first investment property. The SF units I am looking are around $200K more or less, they are ~1500 sq ft 3 bedrooms 2 bathrooms. Now, houses with the same dimensions as these ones go for no more than $1400 a month in rent. This is Northwest Arkansas. + +My question is: should I even consider going into this kind of investment property even thought I am not close to the 1% Rule or should I look into other parts of the country that I am not familiar with but I can find a deal that 1% Rule applies. + +Thanks. +I've left my days of over optimizing thinking I needed to write everything in C++, but I'm still super curious to hear everyone's tech stack.. from languages, software to hardware. + +Docker, Python, MongoDB, Elasticsearch? etc. I find this info incredibly interesting. + +Currently my stack is all python, I've been thinking about looking into setting up some sort of monitoring system.. so say I have two algorithims running (I guess I'd make each algorithm their own process), I can monitor and control each process +Since money has been around for thousands of years, why don’t the majority of people have wealth that has built up over many generations and accumulated compounded returns? + +Anecdotally, The most inheritance I’ve ever gotten from a family member is about $100, from my great grandmother that passed away as a kid. I got nothing from my other grandparents that passed away so far and I don’t expect to get anything besides heirlooms from the remainder. + +I might get a decent amount of money from my parents when they pass someday but nothing too spectacular. + +My family is mostly middle class. One of my parents makes six figures and the other makes 5 figures. But from the info I’ve gathered and been let on to, they’ll probably have just enough saved to retire in their mid sixties and live out a standard retirement with most savings having been used by the end. + +Personally, if all goes according to plan, I expect to build up at least a decent amount of wealth in my lifetime and be able to pass on most of it to the next generation. This will hopefully set them up to be FI pretty early and they can build on this by continuing to build on the principal of this wealth before beginning to use it. My hope is that it can be passed down many generations with each generation adding some to it before using it. + +But, I’m starting to wonder if that would even happen since it hasn’t happened to date in my family’s history and I don’t see it happening in most other ordinary families despite having the chance for many many generations to set this up. + +Why haven’t a majority of families been able to build wealth despite money being around for so long? +The fundamentals did not change. + +People did not suddenly forget about ethereum. + +No system collapse/ big technology fail. + +No bad news. + +This is just healthy price movement and it is teaching us, a future generation of investors, the hard way a market can be. I still see the flippening happenig soon, price reaching 1k$ and more. + +I am not looking forward to making an anti-FUD post, because IDGAS about people selling or getting scared. These people will always be even if we reach 2000$, the same questions will be asked. So I won't spend my time for it. + +You have to love the market and learn from it. Don't try to time it and especially don't forget the reasons why we went so high at the first place. THIS WAS NOT MANIPULATION LIKE BTC IN 2013 THESE WERE FUNDAMENTALS ! + +#etherisnotbitcoin +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 whole system is rigged and retail investors like your mom and dad who don't spend 12 hrs on a forum doing research have no idea what a naked short is let alone what DRS even means. + +The fact is, the system seems to have been designed in a way for retailers to buy their shares and **assume** ownership. Name one person you know who has their shares DRS'd in any stock other than GME or popcorn. + +The broader message goes beyond GME. EVERYONE should ALWAYS DRS their shares if they are long on a stock. Why is it that anytime major institutions invest on a stock the float decreases ? Because those shares are registered to that company. + +Name ONE BIG institution that invests in a stock that doesnt DRS their shares. The story of the century is literally, "You don't own the shares you buy until you DRS them and MMs make billions off your property every year." + +This revelation needs to be told to everyone. Every retail investor needs to know this information. DRS is how you create a fair DTCC and the fact that retail investors dont know that is because it was designed that way. +#Hedgies' Thesis + +I bet that they thought if they dropped the price from $250 in Nov 2021 down to $77 in March 2022 that we'd sell. Hell no, we bought the dip. Big time. + +I bet that they thought if they let the price go to $180 in April 2022 at the quadruple top resistance that we would trade the top and sell. Hell no, we bot the top, and then bought it all the way down to $80 again (I know I did). + +You guys may think every ape here may just be different from your average trader, that we are fomo'ing hard and have diamond hands. And that's absolutely true. But let me tell you why that is. + +#Apes are like DayWalkers. Blood of Half Investors - Half Fomoers. All their Strengths, none of their weaknesses. + +Our buys are backed by hundreds of fantastic DD. Great theses, great evidence. We also love the first dip. The second dip, the third dip, and all the way down to the infinity-ith dip. But look at what happens to, say, crypto investors. Look at their subs, and look at their price. They have a breaking point. Everyone has a breaking point. Why is it that apes don't have a breaking point? Let me tell you. + +**It's DRS and Computershare.** First, Computershare validates all of our theses each quarter, that apes never sell. That's like the anchor for everyone's red portfolio on the red days. But I think second, and most importantly, **that it's because it's so darn slow to sell and rebuy DRS'd shares. And that's a great thing.** + +I know there are apes here who thought about trading the tips. You thought, what if it goes back down and I could make a small bit? You thought about it, but you couldn't bring yourself to do it. That's because somewhere in the back of your mind, you knew it was extremely risky. If you sold on Computershare, although the sale is immediate, it would take somewhere around 2-5 days to get the money from CS to your bank account (or even longer if you're opting for a snail-mail check). And then if you wanted to rebuy, you'd have to get that money back into a broker. Which would take another 2-5 business days. And then you'd have to DRS again, which would take ANOTHER 2-5 business days. + +**To make 1 single full trade cycle, out to cash, back into GME, it could take you an entire month. That is why we never sell DRS'd shares. Which brings me to my next big point.** + +#The Infinity Pool is Real + +If we take the understanding of the previous points of why we never sold DRS'd shares pre-MOASS, then it would absolutely also apply also to *during MOASS*. + +When the price climbs to $500, you could think about selling some and trading. But you won't. Because although it could drop to $100 the next day, it could also rocket back up to $1000. This could all happen within the blink of an eye. And then it could hit $5000 and beyond. **You would NEVER be able to "rebuy cheap" during a real squeeze. Never. Because it would take 1 month to go from GME->cash->GME, and you'd be done as soon as you hit that sell button.** + +I think there's a really good chance that, even the greediest, most selfish-of-apes, will never sell all, or even most of their shares. Because nobody truly knows what the floor or ceiling is. It hits $50k, would you sell most of your shares then? Hell no, because if it goes up to $xxx,xxx, then you are a paper-handed clown ape, and you could never forgive yourself. If it goes to $500,000, would you sell most of your shares then? Absolutely not, because even if you are holding 10 shares and would have $5mm to your name, what if it goes up to $x,xxx,xxx per share? You could've waited just a little longer, and instead of having to sell most shares, you could sell 1 and still be exponentially wealthier. And what if it goes to $xx,xxx,xxx? Omg, if you sold 7 shares by then, and only have 3 left, would you sell the rest then? What if it goes up to $xxx,xxx,xxx? You'd look like a peasant. Even if you decided to liquidate most at 9 digits, $100,000,000 is still much lower than $741,000,000 by comparison. + +The greedier you are, the less likely you are to ever let go any shares. Because during MOASS, if it goes to $900, it is extremely likely to squeeze to $5000, and if it gets there, it's extremely likely to squeeze to 5 digits, and so on. Apes will probably never sell a majority of their shares, because of how unprecedented this situation is. + +This situation is forging diamond hands at level we have never seen. And I don't believe there is anything the hedgies can do to change the course. The interns should read this post, and report to their captains that victory for the apes is inevitable. + +It's so hilarious that they are trying to drag it out and create uncertainty and fear, **because actually that uncertainty of when MOASS will happen, and how high it can go, and the inability to rebuy, has formed the Infinity Pool.** + +Cheers, my diamond-handed apes 🥂. May we have a great and wonderful trip to Uranus and beyond 🚀. +Alright, I saw a post at the top of our sub out with god damn pitch forks because of the SEC’s newest senior advisor, Barbara Roper. + + +I went over to her Twitter and holy shit, bad actors and shills are all over with really negative comments. + + +The number of posts quoting her in Feb are sus. I totally agree that if those were really her words, that’s bullshit. But we’ve been shit on for months by everyone. The MSM, financial fuckers, you name it. Why does this matter now? + + +Anyways, I did some digging and found some DD on her. + + +Wall Street doesn’t like Barbara Roper. This is why they’re using her quote back in Feb to paint apes as a pitch fork mob mentality. + + + +I do wanna bring her testimony to attention about the 2008 crisis to outweigh the negative narrative people are posting about. + + + + +Also, I keep getting downvoted and shit on by people. It’s jacking my tits hard that they don’t like this. + + +https://consumerfed.org/testimonial/testimony-of-barbara-roper-on-wall-street-and-the-fiduciary-duties-for-the-senate-judiciary-subcommittee-on-crime-and-drugs/ + + + +“What we and other banks, rating agencies and regulators failed to do was sound the alarm that there was too much lending and too much leverage in the system -- that credit had become too cheap.‖2 What comes through from these statements, however, is that Wall Street, while accepting some responsibility, views its role as at best secondary. They were simply market makers, according to this account, bringing together buyers and sellers, and providing liquidity to the markets – doing ―God‘s work,‖ if you will. + +The evidence, however, suggests a much deeper culpability. Wall Street‘s blame is not simply that they failed to recognize risk building up in the system, or failed to adequately sound the alarm when they did recognize that risk, or failed to warn their customers against doing things that were harmful to those customers‘ interests. Wall Street‘s blame is that, in their pursuit of the profits that fed their multi-billion-dollar bonus pools, they abandoned any sense of responsibility to ensure that the products they developed and sold served some economic utility or served their clients‘ interests or benefited anything but their own bottom line. + +This reality was on full display in last week‘s hearing before the Permanent Subcommittee on Investigations. As the Subcommittee noted in its release in advance of the hearing, ―Goldman and other investment banks played a crucial role in building and running the conveyor belt that fed toxic mortgages and mortgage-backed securities into the financial system.‖ Documents released by the Subcommittee call into question Goldman‘s efforts to portray itself simply as a market maker serving client needs. +Nerds On Site a Canadian IT services company, released their Q2 results and thought I would share some ideas about short and long term outlook. + +Q2 report shows profits up 7.7% which isn't anything major but what is interesting to me is the fact that they leaned out operations, cut operating overheads and improved gross margins by 22.5%. + +This is important because there is a lot of buzz around a potential partnership being announced between Staples Canada and Nerds On Site, which could have a significant impact on their revenue. A lean operation with healthy gross margins is what we're looking for in a company that is positioned to scale up revenues. + +Here's a little more about the potential partnership: + +There was a recent press release from Nerds On Site regarding a potential partnership with a large Canadian tech partner. There was rumours about this being a partnership with Staples. The writing was on the wall when some redditers found google results linking to a Staples services page on the Nerds website, which was then quickly removed due to (what I believe to be) an NDA between the parties. + +A potential partnership would be extremely strategic for Staples and even more so for Nerds On Site. + +If we look at the Best Buy and Geek Squad relationship for reference: + +Although Best Buy doesn't report separate financials, my research indicates that Geek Squad is responsible for 5 to 6% of Best Buy's $40+ Billion a year of annual revenue. That puts Geek Squad at the $2 to $2.5 Billion a year range with reports of gross margins being 40 to 50%. This makes Geek Squad the single biggest asset Best Buy ever acquired. + +Circling back to Staples and Nerds On Site... It's hard to pin a number on Staple's annual revenue as they were recently privatized. General research puts the number at $2.5 Billion a year in Canada. If we do the relative math, this puts the partnership potential for Nerds On Site at $125 Million in annual revenue in Canada. + +Here's why I think the revenue potential for Nerds On Site may be even higher than the direct comparison model mentioned above. + +Staples' customer base is unlike Best Buy's. Whereas Best Buy focuses on consumer electronics, Staples' focuses on the SME customers. Staple's customer base is much more likely to convert for managed service offerings than Best Buy's customers would. Given that the customers are SME's, the average order value and life time values of these customers will likely be much higher than that of retail consumers. Nerds On Site would be perfectly positioned to capture this opportunity as the SME segment is what they have been focused on since 1995. + +Here are a few other items that have me super bullish on this stock... + +1. The operators / founders of this company did a pure play IPO to list this company. This wasn't some reverse merger or shell game, print a ton of shares typical exit scam we've come to grow accustomed to in the small cap space. +2. They've been focused on slowly and steadily expanding the business vs pumping the market with press releases to artificially inflate the stock prices (in the last year or so that I've been periodically looking at this company it surprises me how little press they put out. It's almost to a detriment). The short of it is these guys are here to build a business and not pump a stock. This company/stock is fundamentals driven. (This is extremely important and here's why....) +3. The founders and insiders own most of the stock for this company and they have been consistently buying whatever they can since IPO (google this and you'll find it). The majority of the stock is restricted with very little float free trading. The slightest buy volume will send this stock soaring (as seen in the last week), if the market literally sneezes on this stock its going up... and this isn't one of those scenarios where there are a bunch of stock jockey insiders foaming at the mouth to cash-out and unload into the buy volume. +4. The company has been around since 1995, has a 95% customer satisfaction rating, currently does $10 Mil a year in rev (I know, it's not much but its relative to their market cap) and is positioned to scale hard and fast in Canada and the US. +5. Their service offering works perfectly with the economic macros (Covid / Post Covid trend) of leveraging technology for seamless remote work forces, which also alines with Staple's customer base. + +These are all catalysts for massive moves in the short term... but here's why I'm super bullish on the long term outlook as well. + +If Nerds On Site sees an initial pop on their stock price (which already seems to be happening), they will have real stock currency to go on an M&A spree acquiring smaller regional players in IT services space. The way their platform works (how they acquire and train nerds) lends itself to quickly and seamlessly acquire the smaller players and convert them to the nerd model. This is very important because they can essentially buy revenue needed to pave their path to a Nasdaq listing. + +This is one of the few companies that truly belongs on the Nasdaq. It's a pure play technology company with great fundamentals and just needs the catalyst to scale. (That catalyst seems to be coming in a big way imo). + +Here's why I think there's a planned path to the NASDAQ for this company: + +Doing some additional DD, I looked at the current board members of this company and did some research on the names. Two in particular were very interesting. + +&#x200B; + +1. Kevin Ernst: spent 8 years serving as Managing Director for the NYSE Euronext/NYSE Amex. Also worked with Merrill Lynch. +2. Nicole Holden: Assistant Chief Auditor at The Public Company Accounting Oversight Board. (This organization does public company audits for SEC). + +It wouldn't make sense for these two individuals, given their credentials, to be sitting on the board unless there was a bigger strategy at play (I believe that strategy is an uplist to Nasdaq). Judging resumes, these two certainly aren't on the board due to their stellar computer repair skills. + +If the roadmap plays out the way I'm seeing it, this stock has the potential to be a solid long term hold and with some short term opportunities to take the initial investment off the table. + +Thought I would share my DD on this. Please do your own research! + +**Full Disclosure: I'm a buyer of this stock and I'm long on this company. I want to bring awareness to this company as I think it's a Canadian company thats been undervalued for a long time. I have posted my DD on two other subreddits and it was well received so I posted here too as this is a Canadian investment sub and I thought it could be of value. I also welcome any criticism as it forces me to look at things from multiple lenses.** +I am in my early 20s and for the first time I invested 3k into Roth IRA Fund with Vanguard ETF (VOO) after reading some literature that recommended this as the best option. VTSAX was another option but it has a 3k initial investment requirement and I was investing a bit over time. + +My problem is that ever since I started I have not made any gain on the investment for over 6 months. My partner tells me that this is a long game and I should wait it out because ETFs always return about 8% net a year. Does anyone have any advice? Should I go for the safer VTSAX option instead of the more aggressive VOO? Is this loss due to the upcoming recession and COVID? +I’ve been with my current account bank for over 20 years (NatWest). Never had any fraud issues. Now I have had 3 separate fraud issues of my card being used online. + +1. 28th January on a random website +2. 1st March at Aspers (Google tells me a casino, I guess their online part) +3. 1st May - PaddyPower (gambling site) + +After each time I get the money back and a new card. The first time I thought could be anything, second time was 30 days for my card to be compromised again - when I only registered it on the lottery site and Amazon. And when I go to account there it only shows the last 4 digits. + +When asking NatWest how it can keep happening they don’t really have any answers. I’m stumped too. I’m thinking of moving banks to see if that helps. +Hi guys, + +this is my first post here. I've looked through several threads but could find what I need (or just missed it completely). Next year I will be in my 30s and I have almost 2 years old twins and I am looking for a way to have to grow my saving as me and my wife's salaries barely cover the expenses we have. Also, I would love to get out of my current job which is paying okay but I just can't stand it there anymore. Of course, with 2 small kids, I can't allow myself to just quit the job and wait for a miracle and so far I have no luck if finding another job with at least a similar salary. + +For those of you who have not heard of Bulgaria, it's one of the poorest countries in the EU, a big percentage of the population lives in poverty and barely anyone can afford to set money aside. The maternity leave here is 2 years which is great, but the second year the government pays you the minimum salary which is around 200/250 euros a month and it doesn't matter if you have one kid, twins, quadruplets. + +My wife will go back to work once the kids start kindergarten which should be around September this year and which will boost our income but not by much. + +Her salary is around 500 euros a month and mine is around 800 euros which I repeat is not considered so bad in Bulgaria. + +I started spending around 50-100 euros a month on cryptos but I see it as a very long terms investment and I just invest and hodl. + +We have some money saved before COVID but those are drying up slow and steadily. We had around 5000 euros for emergencies. One of which is the new car as the current one is slowly dying and the repair will cost more than the current value of the car. + +I hope I give you enough information and didn't overshare at the same time. + +Thanks for taking the time to read through this. + +I hope all of you are first of all happy. + +Thank you! +I have a company that I acquired for 60k, but now I have grown it to where I take home ~$4k/month and I only spend about 15 minutes/day. The biggest growth season is the Fall, but that only requires at most 1.5-2 hours/day. + +I am sitting on about $120k in debt, with about $1k in minimum payments each month. Rent is $660. + +I have a wife and two kids. I am thinking about getting a second bachelors degree with WGU in Computer Science (6-12 months) and then getting a SE job to help get out of debt and get the most out of my time. + +Any advice is much appreciated! + +Edit: I am 28M in Seattle. + +Edit 2: You all pretty much disagree with my plan, minus a small minority, and believe my best option is to get a job. Pay off the debt ASAP and then I can do whatever I like. + +This post has done exactly what I had hoped, which is to give me serious pause in my plans and carefully consider my next steps. Thank you all for your wisdom. +I actually did a little digging into these Chinese companies earlier today and finally had a little time to put a post together. **I know this isn't necessarily about $GME or GameStop outside of the fact that we know there are people with a lot of money on the other side of a very bad bet (for them). This is a dive into the macroeconomic environment $GME operates in.** + +I haven't seen much about the [ICIJ Offshore Leaks Database](https://offshoreleaks.icij.org/) since it was first dropped and feel like it has a lot of value, especially after seeing these Chinese shell companies popping up recently. + +We've all seen and heard about the Chinese stocks that have been popping up recently in the form of IPOs. HKD, MEGL, GSUN, TOP, ILAG, etc. Today gave us another one. + +&#x200B; + +https://preview.redd.it/iprt04fok5l91.jpg?width=292&format=pjpg&auto=webp&s=8f68135737cfc20cfff8a8d7466de224dd6a79d2 + +ATXG back in 2019 had a 12 month revenue of 10 million dollars. It’s stock currently has a 17 billion market cap valuation, with a company backed by 10m in YEARLY revenue. What’s their revenue now? [12 million dollars.](https://www.wsj.com/market-data/quotes/US/ATXG?mod=md_home_movers_quote) + +The underwriters are given shares of these companies that they can sell (or use as collateral). + +We know for certain who one of these underwriters is - none other than Anthony Chukumba. + +https://preview.redd.it/imqq72lql5l91.png?width=916&format=png&auto=webp&s=84fa1d08c62de4066499ef98d64e3bf14b4e09b3 + +[A lot of these companies pop up through Network 1 Financial Securities, including the most recent one from today - ATXG.](https://www.iposcoop.com/ipos-recently-filed/) + +https://preview.redd.it/c62lr8rxr5l91.jpg?width=1634&format=pjpg&auto=webp&s=eb925954c3afb0d812ba0b9614d3e786a3d648a8 + +[WOULDN'T YOU KNOW Network 1 Financial Securities is tied to ICIJ’s Paradise papers.](https://offshoreleaks.icij.org/nodes/80106176) + +Shut your damn mouth Massive. I’m sure these companies are legitimate companies, incorporated in legit jurisdictions that have nothing to do with tax havens, right? Thanks for asking. They can be incorporated in the Cayman Islands - and quite a few of them are. + +https://preview.redd.it/us8bvcyam5l91.png?width=1140&format=png&auto=webp&s=c9617f6d441200a6996ee664bd2d3ff63132eed2 + +[https://sec.report/Ticker/GSUN](https://sec.report/Ticker/GSUN) + +Why would they want to be incorporated in the cayman islands? + +https://preview.redd.it/umh6cex6n5l91.jpg?width=795&format=pjpg&auto=webp&s=316da5b9825106a76b1f0d3d2fa410581343dd32 + +If you know anything about kreepto, you know market cap means shit without a liquidity pool backing it - one coin could have a market cap of 200 billion, but if there were a bank run on that coin you’d be lucky to get 5% of that market cap out. + +========================== + +Where am I going with this? These companies are being used as collateral, with absolutely nothing backing them asset wise, to prop up the stock market valuations until they no longer can. What happens when this massive collateral debt bubble pops? I think we’re soon to find out. + +You wanna know why the dotcom bust happened? The 08 financial crisis happened, and whatever the hell is happening now, is happening? I think we found our answer - and I’d be willing to bet by the time this current iteration of debt implosion is done, these companies will be defunct. + +========================= + +A) shitty companies pop up out of nowhere. + +B) Those companies are incorporated in known tax havens, under tax haven umbrellas exempting the companies from paying taxes and providing transparent financials. + +C) IPO underwriters get immediate shares upon listing. Insiders, institutions buy shares from each other, jacking up the price of said shares to astronomical values. Congratulations, you just created a ton of collateral value. + +D) retail dives in, buys a "share" - in comes beneficial ownership. You buy an IOU. It's guaranteed to be an IOU. Not only are you buying an IOU, YOU'RE BUYING AN IOU IN A SHELL COMPANY WITH NEGLIGIBLE INTRINSIC VALUE. If retail doesn't buy shares? It's ok, theres still collateral value attached to those shares. + +E) Fake money/collateral value was just turned real by your purchase with real money. Money is washed through the tax havens, Retail legitimizes the market cap, since market cap of a company (thus collateral value of said company) is number of shares x last price paid for the share. + +&#x200B; + +[Welcome to the past 2 months](https://preview.redd.it/rrnemsg5s5l91.jpg?width=612&format=pjpg&auto=webp&s=91741da93520fd1cade7adada8ed547152009804) + +Edit: [Evidence of shady business practices through underwriters found in comments](https://www.reddit.com/r/Superstonk/comments/x2vzcl/comment/imnd8bw/?utm_source=share&utm_medium=web2x&context=3) + +TLDR; 17 BILLION dollars worth of collateral value, with 12 million dollars worth of YEARLY revenue backing it from only one stock. This is collateral being used to take out more loans to cover up bad debts. Extrapolate that out over the entire US equities market and we get the dot com bust, the 08 financial crisis, and whatever the hell is happening right now with each debt implosion more severe than the last one. +We all have to start somewhere… + +Together with u/_Exordium, I have vastly upgraded, updated and improved my original FAQ to include terms and concepts that have been missing for some time. There have been massive rewrites, corrections and additions throughout. I feel this is now completely up to date, though I hope to come back to it frequently to ensure it stays that way. I see this as a fantastic jumping off point for explaining GME and the situation surrounding it, though I do not intend for this to substitute the DD in any way, shape or form. +#We all have to start somewhere… + +Please feel free to leave any feedback in the comments! + +Without further adieu… + +____________________________________________________________________ + +#What are you even talking about? (Community jargon and shorthand) + +Over the last year, of swapping theories, data, and memes, a certain language has developed amongst the community. Below is a short list of some of the shorthand to get you started in understanding the community’s terminology: + +**DD/ Due Diligence/ Deep Dive** - Research and theories based on that research + +**HF/Hedge Funds** - Often used to refer to the bad guys in general. + + +**SHF/Short Hedge Funds** - Used to delineate hedge funds that are short on GameStop from those that are not + +**LW/ Long Whale** - Used to refer to institutions or large investors that are long on GameStop. + +**TA/Technical Analysis** - Graph and Number Data analysis + +**MOASS/Mother Of All Short Squeezes** - The biggest Short Squeeze ever + +**FUD/Fear, Uncertainty, Doubt** - Refers to calculated attacks on our forums, and more specifically, morale and individuals + +**FOMO/ Fear Of Missing Out** - refers mainly to the propensity of investors to follow the hype in the market for fear of missing out on the golden goose so to speak. + +**DFV (u/ DeepFuckingValue), AKA TheRoaringKitty** - Keith Gill, Retail Investor, not a cat + +**APE** - All People Equal. Speaks to the mission to return fairness to the markets by stamping out corruption + +**HFT/ High-Frequency Trading** - A method of trading huge volumes in fractions of a second. + +**OTC/Over the Counter** - A decentralized market where trading between two parties can take place without the use of a stock exchange. + +**FTD** - Failure To Deliver transactions, i.e. short seller unable to locate the shares they sold into the market for delivery. + +**CS/DRS** - Computershare/Direct Registration System, system allowing individuals to be in direct ownership of their shares. + +**NFT/Non-Fungible Token** - is a unique, verifiable and non-replicable unit of data stored on a blockchain. + +**Loopring/LRC/ Loopring Currency** - A suspected partner of GameStop’s NFT project, “LRC” refers specifically to Loopring’s governance token. + +**DTCC/ Depository Trust Clearing Corp.** - + +____________________________________________________________________ + +#Is the squeeze Squoze? + +**No.** + +There are pages and pages of research and evidence that indicate that the squeeze is in fact not squoze, that said its too much to cover in an FAQ that is meant to focus on the basics– so I will leave you with this quote from the SEC on the topic of the January GME fervour: + +The run-up in GME stock price coincided with buying by those with short positions. However, [...] such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned. The underlying motivation of such buy volume cannot be determined; perhaps it was motivated by the desire to maintain a short squeeze. Whether driven by a desire to squeeze short sellers and thus to profit from the resultant rise in price, or by belief in the fundamentals of GameStop, it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.” + +Essentially what the SEC is saying here is that of all of the buying of $GME going on in January, only a small portion of that was found to be short sellers covering. Basically, the January price movement was not the ”squeeze” as some would have you believe. +____________________________________________________________________ + + +**Should I invest?** + +That is entirely up to you, no one in this community should be giving financial advice. Many investors see this as the ultimate golden ticket opportunity (myself included). It is vitally important that you are aware of your risk tolerance when investing and that you do not invest money you cannot afford to lose– don’t put in money you need for bills, food, shelter. Given the volatility in GameStop stock it is likely that you will see your portfolio go way up and way down. This community is focused around discussing the stock and swapping theories, not providing advice on investing. + +You may be asking yourself “Am I too late?”, and again, the answer is up to you. The short sellers likely need every share to cover their positions. If you want to buy one share, but hesitated because it seems like it isn’t enough, every share does matter -- especially with a free float as relatively small as GameStop’s. (>30M retail free float after all institutions and insiders are counted) +____________________________________________________________________ + +**Why GameStop? (Buckle Up)** + + +Short Squeezes can happen anywhere there is high short interest. GameStop however is a special case (Hence the use of the acronym, MOASS). In this situation, however, GameStop’s Short Sellers got extra greedy. They were sure that GameStop was going to die in the wake of the pandemic. So sure, in fact, that they began Naked Shorting the stock like crazy. With reported short interest hitting an all time high of 226%. Had GameStop actually reached bankruptcy and went under, they would have never had to cover all those positions; if a stock is delisted from the exchange, there would be no way to return borrowed stocks... They would have just went on their way, cash in hand, off to short another company into the ground... + +There have been many long time believers in GameStop (including those behind gmedd.com) , but it was the confluence of events in [DFV sharing his bullish theses on Reddit/Youtube](https://www.youtube.com/watch?v=alntJzg0Um4&t=14s) and Ryan Cohen coming to the picture that really mobilized large scale retail investor support for the company. With that said, it takes more than hype and short interest to keep a company from going under, which is where the overlooked fundamentals of this company come into play: + +- Ryan Cohen, an “Activist Investor'' and co-founder/CEO of Chewy.com. Finding success in past endeavors, people believe in Ryan Cohen and it is a widely held belief that his plan to turn GameStop around spell out the end of the line for the predatory Short Sellers who tried to kill this company. Having hired nearly 350 new Technology/eCommerce executives from companies like Amazon, Chewy, Zulily, Google, Microsoft, Best Buy, Ebay, and others ([Link to gmedd.com’s new hire list](https://onedrive.live.com/View.aspx?resid=D645EE2EDB0B6!2167&authkey=!AMFLvwFiMuIKSHI). Ryan Cohen clearly intends to build a juggernaut of a company that carves out a massive market share of the hugely untapped gaming market. + +- E-Sports, a massively lucrative sector of the gaming industry that is still yet in its infancy all things considered. GameStop has been positioning itself to fully capitalize on, and help foster the E-sports community. With the launch of test stores across the U.S. that contain the infrastructure to host local, small scale E-sports events, and the opening of the “[GameStop Performance Centre](https://www.youtube.com/watch?v=SfkQ60qe39U)” in 2020, GameStop fully intends to be a big name in Esports. For more info on this, keep an eye on the GameStop Esports twitter account: https://twitter.com/GameStopEsports. + +- In a very interesting turn of events, GameStop has made it clear that it is going all in Blockchain and NFT Technology, essentially getting in on the ground floor of this space that many believe will not only disrupt the gaming industry, but every other industry out there. You can read a bit more on this in the NFT section of this FAQ. In short GameStop has been hiring some extremely well known, talented individuals in the NFT space to help develop a mysterious NFT marketplace. Though little is known regarding the details of this project (which is no accident on GameStop’s part) it is clear that this is just one more way that GameStop is setting itself up to be the future tech giant that many believe it will be. There are many theories on what GameStop is going to do with this technology, but really the sky moon is the limit with this one + +- Improving Ecommerce operations has been a big focus for Cohen and GameStop. Over the last year plus, GameStop has expanded their product offerings immensely, including things like PC gaming products, TVs, more relevant private label offerings, among many others. Not only that, the company has opened up two MASSIVE fulfillment centres (totaling ~1,200,000 sq/ft) this year with one being in York, Pennsylvania and the other in Reno, Nevada, with a customer care centre being opened in Pembroke Pines, Florida as well. These facilities were opened with the intention of bolstering their eCommerce presence, and getting ahead of the current supply chain issues that the world over is dealing with. + +- No debt, and rolling in dough. GameStop participated in a share offering this year which not only nearly wiped out the company’s debt entirely, but also lined the company’s war chest with about 1.5 billion to help fuel the company’s transformation and improve its balance sheet. + + +As one could see, there is more to this situation than meets the eye, the narrative that GameStop is a dying company is so clearly untrue at this point, regardless of what publications like Motley Fool, MarketWatch, Reuters, Bloomberg, Washington post and many others would lead you to believe. Furthermore, there is extremely strong evidence that the Short Sellers who bet against GameStop have in fact not closed their positions and instead have disguised- and perhaps even increased- their short position such that it doesn’t get reported publicly. There are many avenues through which these market participants can do this, though I will leave that to the DD to explain. These very same Short Sellers then utilized their vast connections to the financial media to spread the word that Gamestop was dead, [the squeeze was squoze.](https://imgur.com/a/G7YebCP) Simultaneously, they employed the use of social engineering to slowly depress the positive sentiment for the stock on Reddit and elsewhere (AKA FUD). + +It is these monumental changes in the company coupled with the obvious desperation of the bearish players in this trade that give the Apes confidence in their investment in GameStop. Some are invested for the squeeze, some for the fundamentals, and many invested for both… but either way, it is clear to many that GameStop is definitely not headed for the grave, but rather… the Moon. + +Regardless of the squeeze, I, personally, like the stock. +____________________________________________________________________ + +#When is the squeeze? No Dates... + +Nobody knows, and nobody will know. Unfortunately, because of all the variables and moving parts, it is literally impossible to predict. It has become apparent that building up hype over specific dates can be used against us. We have in the past seen dates that everyone built hype around only to have them pass and enthusiasm waned within our subreddit. That having been said, we ask that people stop asking when this will happen. Furthermore, please take any dates you do see on r/Superstonk with a grain of salt. + +____________________________________________________________________ + +#Why does holding do anything? + +They need your shares to close their short positions! They got greedy. Thinking GameStop would fail, the short sellers started Naked Shorting the stock. Long story short they created synthetic stocks with their special privileges as Market Makers, but they cannot close a short position with a synthetic share. When they buy back a synthetic share, it is effectively cancelled out and deleted. + +So because of the Naked Shorting, the Short Sellers, multiple large greedy money managers, and Hedge Funds need a total number of shares greater than the number available to purchase. + +The art of hodling can be especially effective when your shares actually have your name on them, and cannot be lent out. Enter DRS, When you direct register your shares, for all intents and purposes, it removes them from the DTC, ensuring your shares are not fake, rehypothecated garbage and that they aren’t being lent out to short sellers. Those shares are yours and therefore what you say, goes. If your particular situation prevents you from registering your shares, or if you prefer not to, it doesn’t mean your shares will be worthless. Synthetic shares and all the shares that have been shorted beyond 100% of outstanding shares all have to eventually be bought back and canceled out. + +____________________________________________________________________ + +#aRe YoU GuYs MaNipuLatIng THe MaRKeT?! + +The purpose of r/Superstonk is not to “Pump and Dump” the stock, despite what some media sources will tell you. r/Superstonk is just a community of individuals investing in the same stock separately and a platform to discuss and share opinions freely. Furthermore, any use of the words "we" or "us" in any posts or comments is not indicative of manipulation. Additionally Gary Gensler had this to say on the topic of online communities like ours: + + +“To be clear, I’m not concerned about regular investors exercising their free speech online. I am more concerned about bad actors potentially taking advantage of influential platforms. +Furthermore, it’s no longer just retail investors or even humans who are following these online conversations, but institutional investors and their algorithms. Developments in machine learning, data analytics, and natural language processing have allowed sophisticated investors to monitor various forms of public communication to see relationships between words and prices.” +____________________________________________________________________ + +#How are these crazy high share prices possible? + + +No one knows how high the squeeze could take the stock price. It is a known fact that a short seller is taking on potentially infinite risk when opening a short position as they could be forced to buy back the borrowed stock at whatever price those who own it are willing to part with it at. + + +Essentially, rational reasoning says that these numbers are possible through the immutable laws of supply and demand. Furthermore, reported short interest reached 226%* in February of 2021, and was confirmed to have been at least as high as 123%** in January of 2021. +(*[Source: S3 Partners Data Feb-09-21](https://blog.ompnt.com/introducing-s3-partners-short-interest-data-to-the-omega-point-platform)) +(**[Source: SEC “GameStop Report” pg 21](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)) + +Since then, seemingly no significant closing activity has been . This indicates that short sellers may collectively need to buy back the entire outstanding share amount multiple times over to close their positions + +____________________________________________________________________ + +#Where does the money come from to fuel the squeeze? + +Much like an actual rocket launch, it might help to think of it in stages. +Hedge funds that are short on the stock would be the first to face margin calls - which if failed, would result in them being liquidated in order to close their overleveraged positions. They are backed by their Prime Brokers, who would assume the debt if the hedge fund cannot close their positions. + +Following that, the Market Makers who wrote those contracts would then be the next to assume responsibility for the contracts. These are substantially larger than the hedge funds and even the prime brokers. Well, what happens when they default as well? + +The market makers are backed by the clearing houses, which operate under Depository Trust & Clearing Corporation, or DTCC for short. Here, it gets a bit more difficult to say exactly how things would go, though the DTCC holds an astronomical amount of funds under management, and equally mind-numbing asset insurance. Should all of that not be enough to get our rocket to where it’s going, that is where we would likely start seeing a major government bailout of the DTCC and it’s member parties. +____________________________________________________________________ + +#What is a Short? + +A Short position is easier to grasp than some other more complex market mechanics. + +The point of shorting a stock is to bet to profit on the price going down. The shorter would borrow stock from someone willing to lend it (the benefit to the lender being a small interest fee for lending the stock), sell the shares at the current price, and use that money to invest in other plays. + +Once the stock that they shorted had dropped to a low enough price, they would buy back the shares and return them, keeping the difference as a profit. + +____________________________________________________________________ + +#What is Naked Shorting? + +Just like Shorting, but with more illegality! Through archaic loopholes in the laws governing the financial industry, some individuals participate in short selling without actually having the shares. This essentially creates a counterfeit share. When this is done, the short-sellers are taking on a lot of risk, but the payoff can be grand. If the company goes bankrupt, as is the goal with naked short selling– your obligations are no more. + +It's not easy to actually catch the naked short-sellers red-handed, but some look to the Failure-to-Deliver data to shed some light on it. Naked shorting is also how it's possible there is more than 100% of the shares issued by the company trading in the markets. + +____________________________________________________________________ + +#What is a “Short Attack” (aka “Short and Distort”)? + +The Short and Distort is a time-honored tradition of illegal market manipulators. Put simply; First, they short the stock, then they distort the image of the company. Short Sellers will utilize this technique as a way to actively suppress the price of a company’s shares, most of the time through the spread of manufactured bearish sentiment and/or straight-up misinformation about the company in question. We are seeing this in GameStop in the form of FUD campaigns and Media Manipulation. For just a taste of this media manipulation, look no further than this compilation of Motley Fool’s desperation: [" fOrGeT gAmEsToP "](https://imgur.com/a/G7YebCP) + + +____________________________________________________________________ + +#So then what is a Short Squeeze? + +The Short Squeeze is a fairly rare financial phenomenon. Basically, when a bunch of institutions think a stock will fail, sometimes they will all pile on the short positions in the same place. More often than not, they probably make a lot of money from this tactic. But occasionally they will get noticed and if everything lines up just right, this “Short Squeeze” can occur. Usually triggered by a catalyst of some sort, Short Squeezes usually happen when the stock doesn’t go down but instead goes way, way up. + +When it goes high enough that the Short Sellers' other assets (be it in other long positions, Crypto, bonds, Etc.) are no longer able to balance the mounting losses from a short bet gone wrong, they will get margin called. At that point, they are told to provide sufficient collateral to meet the margin call. If the party that has received the margin call cannot meet it, they are subject to a forced liquidation of assets leading to a buy-in on the stock… no matter the price it has reached. The Clearing House doesn’t want to deal with the elevated risk, so once you can’t afford the risk you’re out. Theoretically, only one institution has to fail to meet this margin call, before the dominos start falling. The margin call and subsequent forced buy-in, causes increased buying pressure, increased buying sends the price up, the price going up means more Margin Calls, and so on. + +____________________________________________________________________ + +#Why are people saying that the short interest could be more than 100%? + + +Despite all major reporters of short interest now displaying numbers much lower than 100% on their sites, it is unrealistic that the short interest is as low as they claim. Here’s why: + +- The industry is largely self-reported, meaning that HF’s can choose to report lower numbers if it benefits them. While this practice is illegal, it is only punished with a fine (often years after the fact). This fine is often much smaller than the potential loss or gain the HF may experience if the true data were to be reported. This is the fine that Citadel LLC (one of the bigger HFs shorting GME) has had to pay multiple times in the past, a fine often described as just the “cost of doing business”. + +- Back in February, S3 Partners (who provide the data to the majority of retail reporting sites) reported the SI% for GameStop had reached 226%. After that figure was exposed, they rushed to cover this up, and in a move that can only be described as “fuckery”, completely changed the reporting formula. This is more of an involved topic, but the result was that the naked shorts are no longer accounted for in the calculation, and makes it impossible for the reported short interest to ever go over 100%. + +- It was discovered by some Apes that there was an abnormal increase in short interest in most of the ETFs with GME inside them. The increase coincided with the spike in January and following that, the media started pushing the “Shorts covered” narrative that was everywhere last month. You can read up on the ETF Short Interest info in the DDs here. + +To summarize, the short sellers of GME essentially disguised some of their position with shares of Exchange Traded Funds (ETF). By establishing a short position on the ETF and then establishing long positions in every stock in there except GME you basically cancel out your short position in the ETF, leaving only a short position in GME. *Important Note: This does not mean there will be a short squeeze on the ETFs! An ETF cannot really be the subject of a short squeeze due to the mechanics behind them.* + +- Synthetic long positions could be used to disguise their short positions as well, the mechanisms behind this practice utilize the options markets and could explain some of the crazy options activity that we have seen in GameStop the last few months. +____________________________________________________________________ + +#Who is Ryan Cohen? + +Ryan Cohen is Chairman of the board for GameStop and the head of their Strategic Planning and Capital Allocation Committee. Essentially he is at the helm of the company's transformation. Ryan Cohen is also the largest individual shareholder for GameStop having amassed 9,001,000 shares to date. + +Ryan Cohen is a self-described activist investor and entrepreneur. Known largely for his last successful venture; www.chewy.com. Co-Founded by Cohen, Chewy is a massively successful eCommerce pet store that exploded in popularity in 2017 and was subsequently bought out by PetSmart for 3.3 Billion, it was the largest acquisition price paid to date for an e-commerce startup... [let that sink in, the man pretty much turned pet food to gold](https://www.forbes.com/sites/susanadams/2017/01/10/the-man-who-found-gold-in-dog-food/?sh=4f5a00d13095). Further, Cohen is not afraid to [challenge giants like Amazon](https://www.forbes.com/sites/joanverdon/2020/01/26/ryan-cohen-started-a-company-that-took-on-amazon-and-sold-it-for-3-billion-now-hes-thinking-about-whats-next/?sh=589d5c295579)… and many think he can do it. + +With Chewy in his rearview, [Cohen released an open letter](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) to the board of directors for GameStop in November of 2020 , laying out his thoughts on how the board is not capitalizing on the opportunities in the gaming industry, touching on ways that GameStop could improve their business, and essentially how the GameStop board and CEO had been failing at their jobs. Though much has changed since Cohen’s letter was published, it is highly recommended that you read it if you haven't already. It really gives you a sense of Cohen's belief in GameStop and his mindset regarding his sizable investment in the company. + +Cohen has since been hard at work, overseeing the company’s transformation in his role as chairman of the board. (For a more in depth look into the work that's gone on behind the scenes, since Cohen entered the picture, please reference the “Why GameStop” section.). Ryan Cohen clearly believes in GameStop, going so far as to announce that he will be taking equity as compensation. In fact, all of the new GameStop board members that Cohen has brought to the table are going to be taking equity as compensation. This really proves that the people in charge believe in what they are doing, one doesn’t agree to go work for no cash unless the alternative could be way better. Many see this as an incredibly bullish signal about the new board. +____________________________________________________________________ + +#What are NFTs? What do they have to do with GameStop? + +Over the last couple of years, many people have become vaguely familiar with the concept of Non-Fungible Tokens (NFTs). The buzz surrounding the NFT art scene specifically, has grown substantially with projects like “Crypto Punks” and others being written about in major publications the world over. Despite the growth in awareness of the NFT space, there are unfortunately many misconceptions that plague the technology, and its uses. + +A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain. +* A way to represent anything unique as an asset. +* Ownership determined by the wallet the NFT is in, not who has copy and pasted it +* Powered by smart contracts on blockchains. + +Play-to-earn – how players and creators earn with NFTs With traditional video games, you purchase a copy to start playing but ‘rent access’ to anything you earn in world as the items would cease to exist if the publisher powers off the game. However, you own the assets in play-to-earn NFT-based games, which are generally free to download but to start playing, you have to buy NFTs. These can be creatures, heroes, armor, weapons, etc. In NFT based games, along with the traditional grinding experience and badges with achievements, you can now be rewarded with in-game cryptocurrency that the game developer utilizes. You can then use this to buy more in-game items or cash out. Nft.gamestop.com will allow gamers to buy and sell NFTs to and from other players while taking a percentage for providing the secure platform and services for the transaction to occur. Additionally, developers are able to participate in a percentage cut of in-game transactions that occur. + +[Here is a great guide by u/Dismal_Jellyfish on how to set up a MetaMask wallet in preparation for GameStop’s project launch.](https://www.reddit.com/r/Superstonk/comments/p8bwx2/nft_education_alert_do_you_want_to_know_how_to/) + + +____________________________________________________________________ + +#Catalyst? What do you mean and why is it important? + + +Essentially the catalyst is the spark that lights the fire. It is unknown exactly what will be the event that triggers the MOASS. What is clear, is that the situation is very unstable and really anything can cause major volatility. This catalyst could be anything from an exciting announcement that triggers buzz around GameStop to intervention from a third party like the SEC, or the DOJ. Superstonk is full of theories that go into what specifically could catalyze the short squeeze, I would highly recommend reading them. Below is a short list of some of the potential catalysts people have been speculating about: + +- Dividend (Some speculate a crypto dividend may be announced, similar to Overstock) + +- SHF failing margin call + +- Gamma Squeeze (Options related) + +- DTCC rule changes taking effect + +- Market Crash + +- DRS 100% of free float + +- FOMO + + +Please take these with a grain of salt though, it is impossible to predict what could catalyze the short squeeze. It could very well be something completely unexpected that actually sets this off. +____________________________________________________________________ + +#Computershare? Direct Registering Shares? + +“Computershare is an Australian based transfer company with offices in 20 countries. They are over 40 years old and are the official transfer agent for not only GameStop but large corporations such as McDonalds, Johnson & Johnson, Coca Cola and AT&T. Even though they offer some broker-like services it is important to note they are NOT A BROKER. They do however have 12,000 employees dedicated solely to keeping accurate records for their 75 million customers.” * + +“What began as a place to hold your infinity pool shares or a way to get the best odds possible to collect a hypothetical NFT dividend is quickly evolving into potentially the best place to hold the majority of your GME shares. It took a while for all this information to make its way through the community but once apes started actually transferring their shares to Computershare we were greeted with a glorious sentence in our transaction history.” * + +[If you are already invested in GameStop and you have questions about DRS or you would like to DRS your shares, here is a comprehensive guide that goes into further detail.](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + + +____________________________________________________________________ + +#What is a Shill and why do people keep calling me that? + +One of the MANY things that the HFs have tried to do to curb-stomp retail investors, is flooding our public communities with Reddit accounts (Some bot-accounts and some actual people who seem to have been paid) purposefully spreading negative sentiment. Though it may be hard to believe there is plenty of proof. These accounts have been seen all over not just Reddit, but also Youtube, Twitter, etc. Not just conventional social media though also places with message-boards like MarketWatch, Yahoo finance, WeBull, basically anywhere you could talk about GME. The term “Shill” is a blanket term for those accounts, be them bots or people. + +In the past, these ”Shills” have utilized many different approaches to spreading Fear, Uncertainty, and/or Doubt (FUD) about the stock and the company. One of these being, flooding the subreddits with super basic questions that lacked any substance at all. This was seemingly in an effort to give the illusion that if you were still holding GME you didn’t know what you were doing, because when you looked around you were surrounded by people who didn’t have a clue. This, along with most of their other attempts to shake retail investor faith, has failed. + +You may have been called a Shill for one of a number of reasons. This community is very inclusive and open to everyone, but because of the blatant attacks this forum has suffered a lot of people are understandably paranoid. (Myself included). Please, unless you really are a shill, don’t take it personally. + +____________________________________________________________________ + +#Shill-Based-FUD and how to spot it: + +First of all, it is incredibly important to note your potential biases when determining if someone is just a shill trying to spread FUD. Not all FUD is invalid, someone may bring up a solid point against an otherwise great DD, and that could scare you. Remember that just because you do not like what someone is saying, doesn’t make it invalid. It is important that users here work with constructive criticism to refine their theories. + +Instead of shooting this person down as a shill, ask yourself the following: Are they making a valid point? Is it backed up with evidence? Have I fact-checked this evidence? + +If you answered no to these questions, a great next step is to check their post & comment history. Here are some things to look for: + +- Are they constantly posting negative-sentiment, as if they have something to gain? +- Do their posts/comments sound coherent? +- Are those posts repeating the same or slightly different things (copy/pasted)? + +Since this forum and others where GME is discussed are public, the ones behind this petty attack can see what we say and how we react to their ILLEGAL MANIPULATION. This means that since this has started (back in January) these shills have gotten smarter, and less obvious. They become easier to spot over time, don’t worry. When you spot a Shill, report it to your local Mods and downvote the post/comment. + +____________________________________________________________________ + +#Known FUD tactics, What to look out for: + +The tactics that have been used against this community are absolutely despicable. At first, it was pretty benign, but with the recent attacks on individuals in this sub, it has crossed a line. I feel it is important to remember that these actions being taken against us only serve to prove that there is more to this situation than meets the eye. Unfortunately, they are always finding new ways to fuck with us here are some examples: + +- Spreading FUD about users in r/gme and r/Superstonk, more specifically, users that post some of the most viewed DD. + +- Bringing into question the integrity of the Mod Team. With the Mods at r/wallstreetbets being accused of being compromised, and some turbulence in r/gme this FUD was easy to see coming. Since there was already precedent for it, the shills believe it an easy task to convince the community that their subreddits aren't safe. + +- Fake DD. This can mean a few things, there are different ways a 'Fake DD' is done. One type is as follows, The post seems to start out with a positive sentiment but takes a negative turn and ultimately doesn't disseminate anything of value. Another type, this one being far less difficult (and thus likely more common) A DD that comes to a negatively skewed conclusion through the use of lies and false data. This Fake DD can be combated quite easily, just ensure you fact check what you read, and refrain from just upvoting whatever you see cause it gets you hyped. + +- Maliciously utilizing reddit’s award system to create the illusion of support of a certain idea, comment, or post. This can be used to subtly manipulate sentiment or to push certain agendas within our community. Don’t lend too much credence to awards given to submissions and this technique doesn’t have as much power. + +- Capitalizing on downward stock price movement by increasing the intensity and frequency of negative conversations and FUD in the community and media. For example (again), MotleyFool GameStop articles reporting on negative price action and spreading doubt, while remaining silent on any good news or upwards movement in the stock. +____________________________________________________________________ + +Thank you to everyone who has contributed to this massive FAQ project u/_Exordium u/Bradduck-Flyntmoore u/Dismal-Jellyfish, you guys are incredible. Also a big thank you to everyone who has patiently been waiting for the FAQ to be updated, it has been on my to do list for months. I hope that apes new and old find this resource valuable in some way. If you have feedback, or suggestions for this FAQ please drop them in the comments below. + +Cheers, + +B_T + +____________________________________________________________________ + +#Important Disclaimers: + +- Please understand that this FAQ is not a substitute for doing research! My hope is that this serves as an entry point for those that are new to investing in GME and those who are new to investing in general. As someone who has been following everything since the end of January, I cannot imagine how intimidating it must seem to get up to speed on the situation. + +- Any use of the words "we" or "us" is not evidence of manipulation. We are not the ones manipulating the market. The use of words that suggest we are a group, only reference this community of people, who are individuals investing in the same stock but as individual retail investors. This community does not coordinate in any way, and under no circumstances is this a place to formally organize or manipulate markets and it never will be. It is a place for sharing publicly available information and theories thereupon, and analyzing/studying that information as a community in a way that benefits everyone fairly and safely. + +#Helpful links + + +[Fantastic Fudemental analysis of GameStop](https://gmedd.com/report-model/) + +[Computershare info/ DRS Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[SEC Report on Market Structure Conditions in early 2021](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf), AKA “GameStop Report” + +[Catalogue of DD](https://fliphtml5.com/bookcase/kosyg) + +[Superstonk Glossary by u/bah2o](https://www.reddit.com/r/Superstonk/comments/q7the8/superstonk_glossary/) + +[Chairman Gensler’s Testimony Before the House on social media](https://www.sec.gov/news/testimony/gensler-testimony-20210505) + +[u/Zedinstead's DD Library - A compilation of all the pivotal DD from our community](https://fliphtml5.com/bookcase/kosyg) +Hey there, amateur here. I don’t have any premium advice or tips. It would be fair to say less than 10% of traders make any kind of money and maybe less than 1% make money consistently. We’ve all seen the countless reddit posts, and read a few of the more popular books in this profession — the losses are notoriously documented. + +My question is: why? We have almost limitless information about this subject available online such as youtube and blog series, informal courses, endless trading books, etc, so then why do a striking majority of traders lose money and drop out? Why, despite the tens or hundreds of fundamentals-research hours, do so many get gutted and run away defeated? + +Edit: Lol at whoever downvoted this post, people are sharing their experiences and knowledge to prevent new traders from catastrophic failure and you downvote? +Long live /r/ethtrader - I really do love you guys and the sense of community we all build here. + +Preface: I watched the entire fight go down. I didn’t take part in it. There was hostility whenever someone would give feedback and it was just a toxic environment. I still really like and respect some of the mods who left such as JT, cutsnek, Adam, and I’m pretty upset at how this fight went down, and with their decision to (loudly) leave if I’m honest. I’m still kind of bugging them both to see if there’s any chance to reconcile and make reddit history and re-unify because I think that’s best for the ENTIRE ETH community. For us to be united and strong. **I just want to come on here and be part of the community with all of you.** Mod fights, fracturing the community, etc just hurts it all for everyone. Over the past few days I feel like I’ve been forced into a position where I have to push back on accusations against the subreddit and I am frustrated by that. But people are still asking for the “other side” of the story and I feel like a LOT of attention was given to the “mutineer” side but not a lot to the ethtrader side. + +Basically: Adam (mod) was an inactive mod and he asked if ethtrader would endorse a newsletter he is working on. Knowing Adam I bet his newsletter will be interesting, and we discussed if abit in the chat around if ethtrader should endorse projects or not. Carl (the top mod) politely told Adam that ethtrader really shouldn’t endorse personal projects of mods (conflict of interest) and Adam got kind of annoyed / angry at this. Carl noticed Adam was really inactive and this newsletter thing was kind of a final straw so he demoded him. + +Other mods were angry at this and wanted to talk more about it before the demod happened. Personally I didn’t mind too much because while I like Adam, he was really inactive as a mod in the sub. He also didn’t answer my question about if his newsletter was an open source community project or if he was the CEO of it etc (although to be fair arguing was pretty loud at this point). + +Anyway, I wont lie the mods who left argued like school children for a few DAYS in the chat. They asked for mine and Aminok’s feedback, but when Aminok looked for compromise bchuned was a real jerk to him. Called him different names including a snowflake at one point. Kind of confused how he ended up here but there was no way they would be receptive to feedback at all unless the feedback was to side with them. I wanted no part in it. Around then is when I stopped checking discord because quite honestly I had better things to do then read the mud slinging. + +At some point JT said something along the lines of “re-instate Adam or a few of us will leave very soon in a very public way” and Carl just politely thanked JT for his contributions to moderating and it seemed fine enough. + +Then I came online to the 6 mods doing the mutiny. I was instantly annoyed at them because they were using ethtrader to advertise for their own subreddit, and they weren’t outright lying but definitely they were telling the series of events with some bias. They also stole our (beautiful) theme and CSS! They call Carl a dictator for removing Adam, but... Adam was a really inactive mod who randomly came into chat one day and asked our entire subreddit to endorse his personal project, and he got mad when we said no.... I mean.... okay..... + +I stayed because I obviously wasn’t going to mutiny against ethtrader. Even if you hate carl, doing a mutiny so loud like that just winds up hurting the entire community and causing chaos. I now view the mutineers as selfish to be honest. They aren’t interested in trying to reconcile, and they jumped ship because they don’t like the hierarchy here.... but they have the same hierarchy at their new subreddit under DCInvestor. +Etsy sent the IRS a 1099-K form with my SSN stating over $20K in sales. Back taxes and penalties are over $8,800. I don't have and had never had an Etsy shop. I don't even know how to sell on Etsy or how to make anything anyone would want to buy on Etsy. The letter from the IRS says + +"If the income shown on this notice isn't yours, send us the name address, and taxpayer identification of the person who received the income. To prevent future incorrect reporting to the IRS, notify the payer to adjust their records to show the correct name and taxpayer identification number" + +I've contacted Etsy customer help through chat and email, they have no customer service phone number. So far they don't seem to understand the problem. They want me to tell them my shop account number so they can fix the 1099-K, I've told them multiple times I don't have a shop and never have. After one email they've stopped responding. + +Not sure what my next step is. If Etsy doesn't respond how do I resolve this with the IRS? +I was too young and uninvolved with real estate when the last crash happened. + +It seems people all figured it was going to keep going up. All greed and no fear. + +This time around, so many people are calling for a crash? Have times changed and the majority is able to see what’s happening or is there a possibility for a dip and major continuation? +>Gas is expensive. That's no surprise if you've been filling up your tank, watching the news or reading reports about inflation. + +The rising prices we've seen at the tank have made us mad, made us skeptical and have helped fuel speculation that the oil companies are taking advantage of us. + +On today's episode, we're after the real story. We break down the price of a gallon of gas into its component parts to answer the question that's been one everyone's minds all year — is anyone raising prices and keeping prices high on purpose to profit more? +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 🌊 +Jeffrey Yass, co-founder of the Susquehanna International Group (SIG) has a near perfect record in investing. From options to ETFs to TikTok, and now sports gambling and cryptocurrency, it's extremely suspicious how he's continually hitting grand slams. + +Yass also has skeptical associations to charities and foundations with ties to political parties and hate groups. + +When Yass isn't being suspicious, his second favorite activity is gambling and game theory. One of Yass' central philosophies is **if the odds are in your favor, go all out.** What a fitting motto for the current situation. + +&#x200B; + +Edit: since this took off and u/SnooFloofs1628 pointed out theres no usefull link in this post i decided to add them in since he was so kind to put some in his comment. + +* [https://www.reddit.com/r/Superstonk/comments/pou6p6/know\_your\_enemies\_behind\_door\_number\_three\_jeff/](https://www.reddit.com/r/Superstonk/comments/pou6p6/know_your_enemies_behind_door_number_three_jeff/) +* [https://www.reddit.com/r/Superstonk/comments/nbqbrc/the\_hedge\_fund\_cabal\_steve\_cohen\_citadel\_and/](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/) +* [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) +* [https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey\_yass\_susquehanna\_and\_gme\_moass/](https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey_yass_susquehanna_and_gme_moass/) + +[ JEFFREY YASS DOES NOT WANT YOU TO TALK ABOUT JEFFREY YASS!!! HE DOES NOT WANT YOU TO KNOW HE EXISTS. HE MOVES UNDER THE COVER OF SHADOWS. IT'S LITERALLY HIS PRIORITY TO REMAIN UNDERNEATH THE RADAR. HE DOES NOT WANT YOU DIGGING INTO HIS SECRETS AND HIS TRADES. HE CONSIDERS YOU TO BE FUCKING STUPID. HE CONSIDERS YOU TO BE THE DUMB SIDE OF THE POKER TABLE. ](https://preview.redd.it/hrfg8oltizi81.jpg?width=640&format=pjpg&auto=webp&s=449e93bcaa143b2e6664ba3e39f0cbc4771df302) +I can't wrap my head around the logic to sell puts on a stock, and then after you get assigned, sell covered calls. There are two scenarios: + +1. Scenario A: on average, selling cash secured puts is more profitable than selling covered calls or buying and holding. This seems to be what most of this sub believes, and backtests seem to support this logic. Then the optimal strategy is to sell cash secured puts until you get assigned, then liquidate the shares immediately and sell more puts. Why bother going through the selling covered call phase? Trying to lower your cost basis is exactly a sunk cost fallacy. The only thing that matters is what is highest ROI going forward. +2. Scenario B: the reverse is true, on average selling covered calls is more profitable. Then just buy the underlying right away and start selling calls, this will be the highest ROI strategy. + +In summary, I fail to understand how the wheel is better than "half wheeling". +We have a newborn and would like to plan for college / higher education funding since there's an 18 year investment horizon. We live in California so there's no state tax break or credit for a 529, and we are in the highest tax bracket for federal + state, so we won't be getting any grant money (but will still consider FAFSA for loans). + +&#x200B; + +Looking for some advice in term of which route to take and their pros/cons: + +&#x200B; + +**529 (through ScholarShare 529):** + +* Limit of 529k maximum account balance per beneficiary +* No state tax break +* Tax free growth & withdrawal for education (can take out as non-qualified withdrawal penalty free up to amount of child's scholarship if they get it) +* Must use for education +* Count as asset for parental FAFSA (but can side step this by having 529 opened by grandparents?) +* Risk of overfunding if child doesn't go to college (can change beneficiary to future grandchildren) + * Worse case is non-qualified withdrawal, will get income tax + 10% penalty + +&#x200B; + +**Individual Brokerage Account:** + +* No limit to contribution +* Tax as income on withdrawal +* Can use for anything (fund can be used for my retirement if kid need college funding) +* Count as asset for parental FAFSA + +&#x200B; + +**Some Caveats:** + +* Already maxed out tax advantaged retirement accounts (401k, IRA, etc) before we make contributions to the above. +* We aren't considering an UTMA account because we want the money to be used for educational purposes and not whatever they feel like once they turn 18. + +&#x200B; + +&#x200B; + +With all that said, is there an advantage to going 529 vs Individual brokerage in our situation? + +EDIT: Wow lots of very helpful comments here. Thank you so much for taking the time to reply back to me. Lots to digest but I definitely will fully fund the 529 given its various advantages, will look into some other options mentioned here too (401k or Roth for the kid if I include her into my business). +Our energy bill is over £150 a month and igloo refuse to do anything about it. + +They installed a (what i'm calling) a meter-meter, its just a meter that's hooked to our meter to meter our meter, hence meter-meter(tm), but they say nothing is wrong with out meter and is now charging us for the meter-meter. **We are talking unto 20+ kWh a DAY at times.** that's 2-3 times the uk daily average, we know people with big families with bigger houses who pay half of what we pay. + +Our energy bill CANNOT be that high, our heating is oil from a tank, so it can't be that, energy saving lights (I live in eternal darkness), sure, I have a couple computers, but one of them barely pulls 100w and the other is my desktop, that's only in use for a few hours a day, so it can't be that. My mother isn't in most of the day and tv's are off most the day. Only the other devices are a couple of Alexis, an electric stove, kettle, sky box, couple wireless charges, a MacBook and finally an old amazon tablet. + +Now, here's the sketch bit, our landlord is stealing our energy, hell, he even said so via email, to add to that when our old neighbour moved out the bill dropped significantly. In the email he said that the neighbour will pay £50 a month, we did not accept this as we are sure that its more then that, and we never agreed to this. When we moved in we didn't know this, we only found out a couple YEARS later when the new neighbours moved in. + +What can we do to fix this, and better yet, is all hope lost or can we still reclaim the thousands that we have lost so far being forced to pay this amount. We are in a tight spot, the landlord not only owns the house but also the commercial building that is the sole income and rather dependent on the location. + +On another note, if this money is reclaimable how do we go about doing this, there is fear that if we do confront the landlord or any other legal means that we could loose the business, the sole income. + +Now, we do plan on moving in either this year or next, but we simply cannot afford to right now, we are saving for a house and this play is ridiculously chip for this area, £900 where houses here are anywhere from £1300-£2000+ a month + +Edit: I'm posting this here for everyone to save just spamming it in the comments; We switched off everything one by one and found a switch on the CU that did nothing, we turned it off for the night and behold an email from the landlord basically confirming it, saying that next door has no power and to check our CU, it also goes on to say that this neighbour will have there own supply installed this year. + + +Edit-Edit: I did end up putting a camera on the meter today and auto took a picture every 10 mins, timestamp and all and noticed something odd, here's a graph, time is from 00:00 to 23:50 + 📷 +[https://gyazo.com/24363c8b3c6dfe7afecafbc74deb0e98](https://gyazo.com/24363c8b3c6dfe7afecafbc74deb0e98) + + + +somehow its constant up to 21:40 then just shoots up 7 units in just over 2 hours. The building we know is using our power is a small office and empty from about 6pm(ish), not sure what to think anymore. I have no clue what could have coursed 7 units to be consumed in just over two hours, that seems a little crazy to me. + +&#x200B; +Hi folks, Tendie Baron here. + +# Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed" + +&#x200B; + +**Here is the proof:** + +[ Screenshot of 6\/21, shows that a small amount of BBBY buy using market orders failed because of \\"Only position closing is allowed\\". Note that the timestamps are in local time, the attempted buy orders were done during market hours. In the screenshot I blocked out the account number from my source. ](https://preview.redd.it/t7mciq80m1791.png?width=1125&format=png&auto=webp&s=409f33bf2fd40aab230edb591cad6360f4b96232) + +&#x200B; + +In the past, my source has shared me reliable information before, so I trust my source. But I figured that checking and verifying could never hurt. That's why I reached out to IC Markets myself, using their customer service widget on the website. At first you get a bot, but after 3-4 questions you can actually talk with a real person. Here are the screenshots of my chat with the customer representative: + +https://preview.redd.it/ytf3a6l7m1791.png?width=448&format=png&auto=webp&s=b30b1adef9bde0c343017f8dfc39255f936ff541 + +[ So the customer representative is actually saying that there was NO PCO on BBBY. Neither this morning or at the moment. ](https://preview.redd.it/p4j70nv7m1791.png?width=456&format=png&auto=webp&s=c5f404c36d448eb4c1f36e1aee324b1c79060ac1) + +&#x200B; + +So I reached out back to my source, sharing the screenshots I've shared here. Most important: **I blocked out the customer rep's name.** + +**But according to my source, he STILL CAN'T OPEN A POSITION, due to "Only Position Close"** + +I asked him to reach out to IC Markets himself to inquire on why he was getting this notification. + +https://preview.redd.it/n9mewpp9m1791.png?width=557&format=png&auto=webp&s=f6eaaeea5ff943feb4604168eecea455d6a69a86 + +[ BBBY IS IN FACT PCO! ](https://preview.redd.it/3m91cb1am1791.png?width=548&format=png&auto=webp&s=cc3c6e4773f699080ec012125a58b30946a8d3ee) + +&#x200B; + +Note: When I shared the screenshot with my source, I had already blocked out the name of the customer rep. When I received the screenshots from him, I saw the name. It was the SAME NAME as the customer rep I spoke with. This is why I have no doubts on the validity of the screenshots received. + +[ Another screenshot with a different time \(local time, about an hour before EOD\), showing that BBBY is in fact STILL PCO'ed! ](https://preview.redd.it/4affz85bm1791.png?width=1125&format=png&auto=webp&s=83ba9d07b39f0a51eadb9e778c4df6d863d50928) + +&#x200B; + +**Speculation part:** + +CFD brokers are basically betting against their own customers. The fact that they have BBBY on PCO, most likely means that they have high confidence in BBBY running. + +Fun fact: They PCO'ed the popular gaming retail chain on 5/19/22, and that stock ran nearly 30% six calendar days later... Probably nothing... + +&#x200B; + +**TL;DR:** + +* **Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"** +* **Customer representative DENIES that BBBY was or is currently on PCO** +* **The screenshots I received had the same customer rep's name as the customer rep I spoke with** +* **Customer representative says that BBBY is PCO for "risk management decisions"** +* **Screenshot at later time today shows that BBBY is in fact still PCO'ed** + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.* +Hello all, + +I am 30 years old with a steady job in a big firm. +Until now my idea for my portfolio was : +-10% emergency fund +-10% bonds +-80% world ETF + +But in the next 2-3 years there will be a wedding, the purchase of a house. And following that probably a child. + +Being scared of a stock market crash in the next few years, i am considering changing my allocation. +With bonds being what they are today, I don't really know where to put my money. +What would you do in my shoes ? + +Thank you very much in advance. + +Best regards +So as I am sure many people are aware Questrade has been an absolute disaster the past 2 weeks and many of you have lost money due to their outages or charts and orders being down. Simply contacting customer service is not enough to get any kind of compensation for this. + +Many people have linked the OBSI website or other PDFs + +https://www.iiroc.ca/investors/makingacomplaint/Pages/default.aspx + +https://www.iiroc.ca/industry/member-resources/Documents/IIROC_Complaints_Brochure_en.pdf + +https://www.iiroc.ca/industry/member-resources/Documents/IIROC_How_Do_I_Get_Money_Back_Brochure_en.pdf + + +But I understand that most people don't have the time or energy to go through this. So I'll give you the relevant information you need including email addresses. + +The first thing you have to do is email the Questrade compliance department. If you ask Questrade support for this they will not give you the correct email. They will likely give you something like "support@questrade.com". + +**The correct person to write a formal complaint to is Mary Joyce Empansando.** You can find her email here under "Principal Contacts". + +https://pmac.org/firm/questrade-wealth-management-inc/ + + + +As you can see [here](https://ca.linkedin.com/in/mary-joyce-empensando-548aab7) she is the chief compliance officer at Questrade. + +To confirm this is the correct email you can call OBSI at 416 287-2877 (or toll free at 1 855 889-6274) and explain your situation and they will give you the same information. + +Once you have written to Mary Joyce the compliance department has 90 days to give you an offer. + +If you are not satisfied with their offer you have 180 days from the date of receiving an offer to reach out to OBSI. OR if they do not reply in 90 days you can also reach out to OBSI. + +OBSI will ask you for a copy of your written complaint. A copy of their response. As well as a reason for why you are not satisfied with their offer. I am not including OBSI's email for you to forward this to because until you get a response from Questrade you will not need this. When that happens you can call the number I provided and ask them for the email and they will provide you with it. + +From that point on you will coordinate with OBSI. + + + +________________________________________ + +What can you expect for an offer from Questrade? Honestly? Not much. They'll likely just offer you back your commissions from the days you were affected. Maybe a bit more. + + +This is pretty much the first step for dealing with the OBSI. + + +Your other two options are going to court or arbitration which both have costs associated with them. Arbitration is generally going to be the cheaper option but I think for most people these two options will not be worth it. + +The guide I outlined above is free. OBSI doesn't charge you anything. + + +Well... best of of luck to anyone who chooses to pursue this option. +Mom has Alzheimer’s and around 590k - right now it’s in 60% bonds, 40% stocks with CIBC. I am concerned about losing it and need it because her care is $120k a year, her pension is 6k a month. The bank provided 3 options which I will cut/paste, followed by another option which makes me feel safer. Please help, I think I need to be a potato right now and hide it + +1 Stay invested: Things tend to come back quicker than expected, and time is your best friend with any investment. I’ve attached a couple of pdf’s to show current market volumes as well as historical recoveries. Investor sentiment could turn around very quickly if any of the caveats show signs of improvement. + +2 Portion out some assets to Guaranteed Investment Certificates, while letting the remaining assets work through the volatility. As mentioned, you could adjust as follows: $54,000 cash to cover 12 months of income that was coming from investment (split a portion into a cashable GIC for more interest until needed), $54,000 One year GIC and $54,000 Two year GIC. This would essentially only leave funds invested that would not be needed for the next three years, giving the remaining assets time to recover and likely benefit from a market recovery. + +3 GIC ladder for all assets: Moving all assets to GIC would remove any market volatility. That being said, you will likely not keep up with inflation on a net return basis. For the GIC portions greater than three years, we would suggest part of it going into Market Linked GIC’s that would potentially allow for an increased yield depending on market performance. With such a deep discount in the markets at this time, it is a good time to look at them as a solution. Essentially, you would stagger your maturity dates over a five year period. + +Or I suggested +$100k in a High interest savings +$81k in 2 GIC +$38k to savings account for payments to carehome for the rest of the year +Keep the rest in bonds/stocks and ride it out. + +We need to use $5400 a month from investment to pay for her care + +I am a newbie, I listen to George Nobel and his Twitter spaces people, and Suze Orman, both say shit is going to hit the fan big time + +Maybe all of it should go into HISA? + +Thanks for any advice +Hi everyone, longtime lurker here posting for the first time. Early 30s, working in finance (PE) in a VHCOL area. Married with a toddler. Been on the well-trodden “high finance” track for over a decade since finishing undergrad: analyst at top investment bank, associate at large PE firm, top business school, post-MBA role at another large PE firm. I’ve worked my way up to the highest level position below Partner (Director/Principal) with a current NW of ~$4mm, excluding carried interest “at work” of >$10mm, which depends entirely on fund performance (so could be zero, not to mention it is also subject to vesting over the next 5 years). Annual cash compensation before carry distributions in the high 6-figures. Looking ahead, I‘d be up for Partner in a couple of years but am increasingly doubtful that I want to keep doing this for the rest of my career. The hours have gotten a little better over the years but are still brutal when chasing a live deal, and the demands of the job are such that you are basically “on call” every night and weekend. Vacations where you can truly unplug are non-existent. + +I think a big part of the issue is that I’ve had my head down on a treadmill pretty much since high school, always running towards the next mile marker: getting into a top undergrad program, getting into investment banking and working 80+ hours a week for 2 years, getting into PE and working 80+ hours a week for another 2 years, getting into a top MBA program where there were 10 highly qualified candidates for each post-MBA gig in PE, landing one just to go back to working 60-80 hours a week (at a much higher stress level given the added responsibility). Whenever there was a decision point, I just kind of went along with what everyone else in my position seemed to be doing. I’m now realizing how unfulfilled I am, despite looking very “successful” on paper and obviously being very well compensated without adding much value to society (if we’re really being honest). + +Is this just an accelerated mid-life crisis? I still like the analytical parts of finance but most of my current role is project and relationship management, which frankly I find dull. As the years have gone by, I’m also not sure if I am cut out for the long hours or the extroversion required to source deals and be successful in a Partner-level role, even if I were to move down-market to a smaller fund. I grew up lower middle class so I am generally frugal with material things but like to splurge on travel and don’t want to skimp on housing. Annual spending in recent years has been ~$200K, with nearly half on rent. I adore my family but couldn’t stand sitting at home all day (WFH these past few months has made that clear). So I’m not looking to actually RE until kids are in college (15+ years from now), but want to be very comfortably fatFI and build my NW to $10-15mm by that time. Staying at my current firm for another 2 years would certainly help, but not sure my heart will be in it at a time when I’d be expected to be executing and sourcing deals like a junior Partner. + +Has anyone been in a similar position? Are there other finance-oriented roles out there that provide better work-life balance and more fulfilling work? I’ve thought about a corporate finance type role at an operating company for example. Or should I forget about finance and do something completely different? Any interesting second careers that folks here have pursued? All perspectives welcome, and thanks for reading! +I generally disregard the very fluffy content published by CNBC Save and Invest but [today’s article](https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html) pointed to great research to consider for investing. This research (linked in the article) from various renowned institutional and academic entities like MIT and Vanguard concluded US market returns will be ‘far lower’ than that of historical returns. They predict over the next decade US markets will average 3% to 5% returns vs the historical average of 10%. How has research like this impact your allocation? Is a standard response to underperformance expectations like this is to gain more international exposure? Or further diversification and where? Curious this subs thoughts on the matter + + +I’m fully aware this research is entirely speculation and history is no indication of future performance, but I think this research definitely falls in line with ‘reversion to the mean’ Bogle philosophy on performance. US markets have had an outstanding run over the last 20 years. +Short version: I’ve been paying thousands of dollars extra on my student loans because I didn’t know so much was going to interest. + +I’m 27 years old, and I recently realized how interest works. It all started when I stopped and looked at my monthly student loan bill. My parents were kind enough to pay for my loans until I graduated, and my mother has been making payments online from my bank account since then, so I was very hands off, just paying the minimum amount. +Well, I felt extra curious one day and wanted to get the breakdown of what I’m paying and saw I was paying 7% and 8% interest on two separate loans. That did not sound right to me. I googled and saw that the average rate was much less. +I got the information from my mom and went on the loan site and looked at my payment history for the first time. I had been paying about $300 a month and saw anywhere from $130 to $100 of that was going to interest. +Not going to lie, I freaked out a bit. How the heck is the principal going to go down if all that is going to interest?!? I called the loan people asking for an explanation; the woman on the phone knew nothing, I don’t think she even understood my questions. +I sent an email to the loan company and got a call from a woman that explained that the interest adds up daily. Like $2.75 a day or something, and the number fluctuated depending on the day the payment was made and the amount of days in a month. +I was content that I had an answer, but mad at myself for not looking into this closer. My mother made it seem like I should just pay the minimum until it’s gone, but if I could pay it off faster and save thousands, I’ll take that route. My father is actually the more financially aggressive one, he once convinced me to pay off a loan of $4000 upfront instead of making monthly payments for years to come. +Luckily, the loan company has a refinance option. I filled out the application, it was accepted, and the new rate for the consolidated loans is 4.8% with a monthly payment of $200. Happy ending right? No. See, I always thought that saving was the key, so I have a lot of savings, but I never even considered that paying off debt faster is also a way to save. +New plan, not just for this loan, but also for my car loan, put a lot more on the principal. I have a decent amount of money that’s not even a part of my savings for my house or my general savings, that could cut these loans down by 25% to 50%. So I’ll be making much bigger payments now. Sheesh + +UPDATE: you guys are amazing. I’m learning so much, and have so much more to look into. For the snarky comments about being 27 and having my mother use my bank account to pay this loan, I say to you, that’s how I was raised. She took control over a lot of things. She’s an amazing mother, but she has sheltered my sister (32) and I to a point where it has hurt our financial and adult growth. Now this is my fault too. I should have stepped up sooner, but I didn’t until now. Shoot, I don’t think she ever wants me to move out, but I am honestly working on independence. I appreciate you all and am looking forward to reading more advice! + +UPDATE: Damn, you guys did it again. I was lazy. I wasn’t nearly as on top as my finances and my life...as I thought I was. I took a lot of help as attacks, but you’re right. My mom does not need to be involved in my payments at all and she shouldn’t have been for a long time. I guess I felt ashamed to know that’s such a bad thing at this age. Just have to keep improving. This is great. Thank you guys. +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 + [https://thestonkmarket.com/2020/03/03/markets-cheer-as-the-federal-reserve-cures-coronavirus-with-cheap-money/](https://thestonkmarket.com/2020/03/03/markets-cheer-as-the-federal-reserve-cures-coronavirus-with-cheap-money/) + +**Wall Street –** Markets cheered this morning after the Federal Reserve cured the coronavirus by cutting interest rates by 50 basis points.  “It is exciting how much medical power the Federal Reserve has just by cutting interest rates,” a doctor at Cambridge Medical Center of Incurable Diseases stated.  “With just a click of a button the Federal Reserve did the impossible and found the cure to the coronavirus.  Who knew the cure to the coronavirus was cheap money?”  Communities around the globe applauded as helicopter money was literally dumped from the skies.  Many people later took to the social media app *Tik Tok* and shot up United States Dollars into their veins.  “I instantly felt better after shooting up cheap money into my veins,” a social media influencer with the coronavirus said.  President Trump later made the statement that the Federal Reserve needs to cut rates further so we can solve other incurable diseases like cancer and aids.  Despite the rate cut, travel stonks continued to fall deeper into the red.  Apparently, no matter how cheap money is, consumers still don’t want to be caught dead on a cruise ship. +I wanted to share a story about an enormous missed opportunity in my life, and hear stories about your missed opportunities and how they made you better / worse off. + +Obviously there is always a “Hindsight is 20-20” aspect to missed opportunities, but mine still hurts so bad cause I had to make bad decision after bad decision to miss out on this one. + +Anyways, fresh out of college I knew nothing about tech companies, I honestly just landed at the right place right time. I joined a 300 person “startup” in the sales org right when the org was getting started. + +Long story short, I worked crazy hard and rose through the ranks to account executive fastest in company history. I was a 23 year old AE in this explosive growth, high profile tech company that was barreling towards IPO. + +In retrospect, I didn’t take the opportunity as serious as I should have, and I thought since it was my first job out of college that there would be tons of opportunities/ situations similar to this one in my life since I had nothing else to compare it to. + +The mistake: I didn’t realize the value creation ( so stupid of me) that could come through being an early employee at a company like this. I deferred on purchasing my vested options and the companies ESPP so that I could use that cash to invest in a high risk investment that was booming at the time. + +I left the company after about 3 and a half years to pursue a long distance relationship I was in, also about 6 months after the company IPO’d. + +Today my options would be worth millions of dollars and the investment I did put my cash into is at about 0. I have had a hard time coping with the fact that I was in a position to be a multi-millionaire at such a young age, but instead am just saving money and worth about the average Joe at my age. + +I did end up getting married to the person I left the company for, so In a way, I did hit the jackpot on that, but it’s still a hard pill to swallow. + +I learned a lot of lessons on investing from the missed opportunity, but I would rather have a few million than those learned lessons. +I try not to let it get me down and I am still barreling forward, just some days it hits me hard. + +Would love to hear if anyone here has experience similar stories and how you coped with them/ allowed them to make you better in the long run. + +Sorry for rambling, but today is one of those days it hurts worse than others! + +Thank you for reading! + + + +Edit: Wow, the amount of absolutely amazing life advice in this one thread is astonishing. I can’t thank you all enough for taking the time of day to give, when you didn’t have to. + +My biggest takeaways from this are: Perspective is everything, never get stuck on “what could have been”, use the lessons learned from the past to help guide the future, be grateful for everything I DO have. + +I am going to go through and comment on the replies, but this a thread I’m going to print a lot of comments from and look at daily. + +The world is full of good people and I can’t thank y’all enough for contributing! +via LivMint + +>The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding. + +>Only those shareholders who have less than 100 shares in the bank, can sell their entire shareholding. The move is unprecedented in India's corporate history and will affect the 16.18 lakh retail shareholders in the Bank, many of whom may own more than 100 shares depending on when they entered the stock. + + https://www.livemint.com/money/personal-finance/yes-bank-shares-locked-in-for-3-years-what-it-means-for-you-and-your-funds-11584178946588.html +Holy hell guys, I think we need to have a real conversation about risk management. I see a lot of posts like "I need to switch to thetagang and start making money!" Or some variation on this. Here's the thing: + +Switching from buying to selling options, or rather from theta-negative to theta-positive trades, on it's own, is not enough to stop losing money. In fact, yolo-ing as an option seller can be even more disastrous than as a buyer (oh you thought you could only lose as much money as you put in? that's adorable) + +I think the real key that makes thetagang successful is that we tend to be very methodical, strategic, and deliberate about trading. It's all just risk management, in other words. I think if you primarily bought options (or otherwise traded with a negative-theta portfolio) with the same amount of strategy, consideration, and risk management, you'd probably do just fine. It's a different approach, that's all. + +There's a lot to say on this subject but here's a couple key points for risk management success in my opinion: + +1. TRADE SMALL. We parrot this all over the place, everyone says it. But do you really trade small? What's "small" anyway? Think about having a maximum buying power reduction for a trade of maybe 5% for a small account, reducing as your account grows down to like 1% or less for a thiccboi account. So yes, if you've got $10K, you should really only have $500 in BPR per trade. So what does that look like? Well, it COULD be trading $5-wide vertical spreads, or $500 worth of calendar spread debit per trade, or whatever. OR, you could sell naked puts/calls with a buying power requirement of $500. That does \*not\* mean wheel $5 stocks. $5 stocks suck, mostly. Margin requirements are low for non-volatile non-meme stocks. For instance, selling the Feb19 $28 put on T right now requires $500. The damn thing barely moves. It's not sexy, but it's safe. Another word on this - trade less contracts, not more. Dumping $2K into a shitload of $1-wide vertical spreads expiring in a week is essentially a binary bet, and I don't care if you disagree. That spread will either be on or off and you can be out that whole $2K you set aside. There's not much in between for such a narrow spread, your two options basically have the same greeks and the whole thing is super binary. If $2K is the right amount of risk for you, widen that spread out! It's been beaten to death here and elsewhere why fewer wider spreads are better so enough said on that. Dumping a ton of money into a 50-lot of the same thing is not diversified and is a bad plan. Particularly if those spreads are narrow. Last thing on this is - don't trade with 100% of your capital deployed at once. You won't be able to weather downturns very well, and you will have to liquidate stuff to jump into hot opportunities as they come up. Right now I'm around 50% deployed, but the exact number is a personal choice. +2. HEDGE YOURSELF. If you've got a pile of short puts on all the hot memes, and we get a 2-sigma down-move, you're toast. Sell some calls, sell call spreads, buy some VIX calls. Understand where your risk is! Do you have individual underlying directional risk? market directional risk? volatility risk? How should you hedge some of that? How and how much of it to hedge is up to you. Personally, I'm happy with a little positive beta-weighted portfolio delta right now, and I've got long VIX calls as a tail-risk hedge. Some folks sell lots of calls against the memes on the weekly, to hedge their directional risk from all the short puts. Whatever works for you, understand where your risk is and at least take that risk deliberately instead of unknowingly. +3. DIVERSIFY. Trade different sectors, expirations, product types (futures, metals, etfs, everything), and strategies. Don't know what strategies to trade besides the wheel? NO PROBLEM, learn em by doing research, then by paper trading a little, then start small. You don't want to be, for instance, long PLUG, FCEL, SPWR, and CSIQ exclusively. Green energy market takes a shit and you're toast. This comes back to the "don't trade a ton of the same contract at once" - diversify. Trade long and short, trade near and far, trade all over the place. Also, don't overlook diversifying your strategies. Right now my portfolio is a freakish hedge maze of calendar spreads, ratio spreads, diagonal spreads, short puts and calls, long puts and calls, and shares. Wtf, I thought thetagang = wheel only? No! Learn to trade the right strategy for the situation at hand. Example: I want to get short exposure on GME, but shorting shares is for suckers right now. And selling naked calls on GME right now is beyond my personal risk tolerance. So what do? Buy a somewhat OTM put expiring in a month. But that's expensive and not thetagang! Right, so I'm financing it by selling weekly puts further OTM against it. WTF? Diagonal spread. +4. BE CAREFUL TRADING MEMES. Look, I get it. The premium is so juicy, the pennies are so shiny and the steamroller is so far away. But goddamn, if you sell a $40 put on GME today, and next week it falls to $30, this should not shock you. For long term success you need to understand trading these high-flying, fundamentally shitty companies (no hate to my GME brethren) are HIGH RISK. So, trade them small, stay diversified, hedge as appropriate when trading memes. The wheel, in my opinion, is an awesome strategy when implemented on solid companies. What's a solid company? Something on the list of dividend aristocrats, for instance. A company you've heard of. A company whose products you actually use. Apple, Visa, Walmart, Disney. +5. HAVE A PLAN. BEFORE you enter any trade, know wtf you're going to do if the underlying goes up, down, or sideways, if volatility goes up, down, or sideways, and if any of the above happens immediately, soon, or slowly. You don't need to write down a six-page essay about it, just have a plan. Know how to manage the trade if its winning and if its losing. +6. TREAT THIS LIKE A BUSINESS. Know your numbers. What trades are making you money? Which ones are losing you money? Why are you spending money on losing trades? Should you allocate more to your best products (trade types)? Food for thought. If you aren't tracking your returns, capital in/out, sharpe ratio, trade success by type and underlying, etc., are you treating this as a game or a business? It's a business and a hobby for me. I love it, it's fun, but I'm here to make money. So I know my numbers. + +Anyone got more tips for risk management? Share em! Let's get the sub thinking about this. + +Edit: Forgot to add something about saving some cash on the side +He is a pretty tech savvy guy and was way ahead of the game on crypto. He called me just to tell me how impressed he was with his buying experience. + +That's a huge change from the GME that I grew up with. He would have never been able to say that even 6 months ago. + +Basically it was one of the most bullish pieces of news I've received in a long time. + +Edit: GME= GameStop... 👍 +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 am sure you have all heard the stories where people claim that real estate is a great way to earn extra income and always say "start small" + +What they fail to explain is... you need significant savings to purchase a property in the first place ! + +Unless you luckily inherited a plot of land .. many people do not have the extra income to "buy a small property" + +These stories never explain how to get the money for the initial investment. + +"Oh just start by selling a small property in a cheap area" + +"Oh just start buying cheap stocks" + +"Just start by renting out a cheap car " + +Ok. Where is that investment capital coming from ??! + +Like don't they realize that the kind of person who has enough spare income to take a chance on buying a house to rent... probably isn't that poor to begin with. +I got this idea by chance. A close friend of mine is applying at Twitch (Amazon acquisition) and he is probably getting stock options so I asked myself what is the value of those stock options. I also run/own a medium size ecommerce agency. I also happen to have some AWS certifications so I am trying to be specially aware of my biases here. But I would say AMZN is inside my circle of competence. + +Amazon has been hit this last Q with a loss, mostly due to its 7.6 Billion paper loss in Rivian, which in combination with current market correction in the tech sector plus inflation and supply chain issues, generated the perfect storm for a missed quarter and a considerable decrease in the stock price. + +I disagree with the way the SEC forces companies to include this changes on their income, I don't think its irrelevant but I think it should not be reported in the income statement, and Buffet does too, but I digress. + +Amazon has compounded its revenue at a rate of 24.5% for the last 10 years. Yes, some of it comes from COVID, but two things here. 1. Growth was considerable but not unreasonable even if there wasnt any COVID. 2. I manage over a 100 online stores through my agency and I see mostly, online sales growth stabilized but is not decreasing. I believe COVID caused a systemic change in the market, perhaps I am wrong but thats why we have a margin of safety. Honestly my main worry for my clients' is Amazon eating up their product category. + +In terms of operating cashflows, they've been compounding that at a rate of 27% for the last 10 years. And 29% for the last 5 years minus 2 years of COVID. + +They have several businesses and Amazon is the poster child for what Mr. Pabrai would call spawners. + +The company's board has recently approved a 20 to 1 split, which I think could be a catalyst for share price growth. I think is worth mentioning but not particularly relevant because I think this is a long term holding. + +My DCF analysis has the following assumptions: + +* An expected cashflow growth of 25% for the next 5 years, and 15% for the next 5 years. +* Free cashflow terminal multiple of 40. This is relatively conservative considering Amazon's average has been around 65 for the last 10 years. +* Adjusting for the last missed quarter, I believe the current Price to Free Cash Flow is at around \~43. +* A very aggressive 15% discount rate (I want my investments to return me 15% at least). +* This calculations represent 60% of the weight of my DCF, with this assumptions im getting an intrinsic price of 3.4K. +* The combination of my previous scenarios plus two other scenarios with lower weights (one more negative with a 7% FCF growth, and one more positive which mostly assumes continuation of current averages), yield a 3.7K intrinsic value. + +Amazon has one of the highest quality moats, if not the best in my opinion. It commands a controlling marketshare stake at the online retail business and the cloud infrastructure business. Its prime subscription reminds me very much of Costco, which is another holding of mine. I believe the cloud infrastructure market will continue to grow massively and show strong pricing power due to its unique tech and extremely high switching costs. I know this costs and the value of AWS offering by first hand. I believe Amazon in particular is a leader in the serverless trend which allows developers to deploy solutions at scale at an order of magnitude faster than before, again something I've personally experienced. + +Amazon has an excellent flywheel effect where it can continually attract more customers through low prices, this customers in turn attract more sellers, which increases competition and decreases prices. This is a moat that gets deeper and wider by the day. + +I've also looked at balance sheet health, share issuance and employee share compensation and they seem at reasonable levels. + +In general, I believe amazon not only has one self-sustaining and self-widening moat, but several and they all compound with each other, this does not happen often. + +With all this considerations, I believe Amazon is an amazing buy at current bargain prices. + +I appreciate your criticism to my analysis. +**About Zerodha**: + +Founded in 2010 as a discount brokerage, today, Zerodha is India's largest retail stock broker, and a fintech powerhouse. Founded in 2010 as a discount brokerage, in 2019, Zerodha displaced big brokers, becoming India's largest retail stock broker. Zerodha has 1.4 million clients and contributes 10-15% of all Indian retail capital market volumes daily. With zero VC funding, Zerodha has grown its free equity and mutual fund investment and deep discounted trading models to be one of the most successful businesses in the industry. + +More than just a stock brokerage, Zerodha today is today known as fintech company that has pioneered modern trading and investment platforms and an open broking API ecosystem. + +**About Nithin Kamath (CEO)**: + +*From the* [Zerodha site](https://zerodha.com/about)*:* + +>Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry. +> +>He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India. + +**About Kailash Nadh (CTO)**: + +*From the* [Zerodha site](https://zerodha.com/about): + +>Kailash has a PhD in Artificial Intelligence & Computational Linguistics, and is the brain behind all our technology initiatives in our quest to put Zerodha on the global map. Various projects he has worked on over the course of a decade have been used by over 50 million users globally. If he is not coding, you will probably find him coding more, or tending to his stamp collection. + +**About Karthik Rangappa (Head of Education):** + +>Karthik Rangappa, has been trading and investing in the Indian equity markets for over 14 years now. He manages Zerodha’s flagship education initiative – Varsity, a collection of stock market articles and lessons ranging from the basics of the stock market to advance topics such as options trading and statistical arbitrage. + +Prepare your queries related to Zerodha - the platform, products and services offered by the company. They've indicated they would not comment on investment advice or on the market outlook. + +The AMA is scheduled for **27th and 28th April, 2018** + +If you are unavailable on these days and would like to have your questions answered, leave them here or PM the mods, and we'll try and have them answered by the Zerodha team. You can also post your questions now, to give them time to prepare their responses (answers would be in the AMA thread). +First let's start with basics + +Q: What is Form 26AS Form? +Ans: Till now Form 26AS, was a statement that IT dept used to provide u to capture + +(a) TDS deducted from u (For eg: Ur company deducting TDS on ur salary) +(b) TCS: Tax collected at source (house property etc) + +Now Form 26AS, will have a new section known as Section E + +Section E will also capture certain high value transactions that you do in a financial year + +So at a glance it will help u see you large txns in a year. And we explain below which txns + + +Q: Tell me which txns & what do u mean by large txns (how large?) +Ans: For eg: if u invest in a mutual fund > 10 lacs in a year. That is a large txn and it will be captured in this statement + +Not a single txn, but cumulative in a year if in a single MF u invest > 10 lacs + +Q: Ok I get it, tell me more which all txns will be included? +Ans: 14 types of txns are included and here is the full list +1) Fixed Deposits together in Bank > 10 lacs in a year +2) Credit Card Bills > 10 lacs (in a year) if paid by cheque + and > 1 lacs if paid by cash + +3) If u buy bonds > 10 lacs in a year +4) If u buy shares > 10 lacs in a year +5) If u tender shares for buyback > 10 lacs in a year +6) If u buy Fx > 10 lacs in a year +7) If u buy MFs > 10 lacs in a year +8) Real Estate > 30 lacs +9) Purchase of Bank drafts > 10 lacs with cash + +10) If u deposit cash in savings bank account > 10 lacs +11) Cash deposts or withdrawals from current account > 10 lacs + +And some other routine ones (related to demonetisation) + +All this will be shown in Section E in your Form 26AS of your previous years also! + +Q: How does all this impact us? +Ans For honest tax payers, it is actually beneficial. Now we have a single point source of all large txns which will help us +For those who evaded taxes - earlier also IT dept knew it - Now it is putting it in their face and telling IT knows + + +Source: + +https://twitter.com/NagpalManoj/status/1284734959052152832?s=20 +We always talk about how to invest and maintain your fatfire, but let’s do the opposite and say you retired at 40 and only had a couple of years to live to blow $5-10 mil. What are the most worthwhile expenditures to enjoy your last few years and burn thru all the money? +Hello, + +I’m seeking finance tips on how to best budget and plan for the recession that’s coming. I was young during the 2008 recession and I remember that my family had it extremely bad so much so that we often didn’t know where our next meal was coming from. Now I’m 21, putting myself through college, and just moved into an apartment by myself. I’m in between jobs right now and I’m scared for the recession to hit. Everything I’ve found estimates a recession to occur between the end of this year and early in the next year. How best can I prepare myself for what’s ahead? I don’t have anyone close to me to ask so I’m turning to this thread. Thank you all in advance! +Hey everyone, + +About a year ago I bought my first house. I'm currently living with my girlfriend and her children with no plans to marry. I am the primary breadwinner of the household. + +Not that I'm planning on dying anytime soon, but when you start making long term decisions like this it gets you thinking. My intend as of now is to make her the primary beneficiary of my life insurance, same goes with my other assets (401K, etc.) With the rest of my family also receiving some of my assets. I'm also looking into a transfer on death deed for the house. + +Basically my question is this; what's the best way to make sure that, should the worst happen, my loved ones are taken care of? Should I do a TOD or something else? Is there a specific type of insurance I can get so she won't be responsible for the debt?(I've heard mortgage insurance isn't all its cracked up to be) how should I set up my will? + +Any insight would be greatly appreciated. +My spouse and I are planning on spending the fall and winter traveling internationally. We are US citizens in our 30s and haven’t put any restrictions on our trip. Our budget is around $100,000 a month, but we’re just as happy staying in a tent on a mountain as we are in a 5-star resort. Would love to hear opinions on: + +Places we should go or things we should do, particularly those that you need to plan ahead for + +Things we could do to prepare for months overseas + +Unique experiences that may never be available again (due to global turmoil, environmental change, pending regulatory restrictions, etc) + +Other fun stuff happening seasonally in the world that we may not know about (special dinners that happen only a few weekends a year [like montreals sugar shack], Albuquerque‘a balloon fest, Running of the Bulls, and so on) + +Not into spending for the sake of spending (eg flying private as two people), but looking to spend extra when it could really enhance an experience (like backstage VIP at an event.) + +Thanks in advance! Looking forward to reading about the wild experiences you’ve all had 😸 + "The loss of Canadian business just in Erie County alone is somewhere between $665-855 million on an annualized basis,"says Dottie Gallagher, President and CEO of the Buffalo Niagara Partnership. "It could be as much as a billion dollars. This is a tremendous economic impact on our region." + +The tourism industry in Western New York has lost... + +[twitter.com/opinioncanad...](http://canadgertry.tk/canada-latest-breaking-news) +I believe the latest Ryan Cohen tweet is related to the GMERICA spin-off . This could be the next stage of the company transformation. This feels like a boxing match at the moment with sides trading blows. However, this could well be the Knock Out punch for our favourite hedge funds if they don't take the latest opportunity to close their short positions. I can't wait for my free NFT and associated shares from the spin-off company. I wonder who the artist will be who produces the NFT. Maybe if i wear my hoodie backwards it will come to me. + +Edit 1: Someone has pointed out that the subsidiary will be GME Entertainment (NASDAQ) + +Edit 2: Someone else pointed out that its bullish as fuck for the parent company. +This is the official $GME Megathread for 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 [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**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) | [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) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now 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. + +*Daily discussion threads are created at 4:00 a.m. EDT* +TLDR; I’ve recently picked up an interest in trading securities. I made a few mistakes (mentioned below) so would like to hear advice from successful individuals professionally trading securities for a living / greatly supplement income. Where can I look to learn to be efficacious in trading securities? + +FULL POST: + +Background / I have a Comp Sci degree and work as an IT project manager. I was looking for ways to invest my savings and picked up great interest in day &amp;amp;amp;amp; swing trading. I read some online how-to’s and watched so called “gurus”. Clearly, most are fake just selling courses, but some genuine individuals and sites provided good beginner insight. + +Learning / I have the option to work from home few days of the week or shift hours at the office so I used mornings 9-11am to trade through a virtual account for 2 months between Aug - Oct 2019.I had some impressive gains, +60%, but was aware virtual trades are far from indicating real world successes. + +Experience / Lo & behold, I started swing trading with my own $25K since Oct 2019 and have lost $12,600 already. However, I’m now up +$3200 unrealized gains and expect to recoup my losses by Jan-Mar 2020 based on my analysis. + +Issue / Picked up a trading book recently that highlighted my issues in lack of knowledge & strategy : did not use trailing stop order, stop Loss, limits with deltas, OCO, FTO, etc. I have a lot to learn so I’m taking a break from trading otherwise to study and gain knowledge to the benefit of my endeavours. + +Request / I’d like to hear from Canadian day traders who’ve successfully been able to make a living or generate great additional income. How did you start and where are you now? Where can I learn how to efficiently & effectively trade securities? Thank you in advance. + +** — EDIT — ** +- I agree with the sentiment of most responses which suggest day trading is not “investing”. I have investments in the traditional sense in real estate (2 pre cons, 1 sold in 2018) and safe blue chip stocks/index funds etc. My endeavours in day trading arose from interest turned possible passion using funds that are within my means of risk. I will cease my day trading activities if it’s trajectory over the next year present as exercises in futility. Just want to hear from anyone who might have been successful with it. +**Holy Fuck.** + +This is probably one of the bigger things I have figured out so far. + +I sifted through every Citadel Advisors LLC SEC Filing since the squeeze began (I have the spreadsheets to show it) and figured out some fucked up things (oh and I figured out who Suspecthanna is operating as - and they are doing the same thing as Shitadel). + +&#x200B; + +https://preview.redd.it/oty9j0iem7w61.png?width=425&format=png&auto=webp&s=34f7966ec406a2b2c4367ec829306520301fe7bc + +Im going to blow your mind like our moms should have done to our dads instead of letting him finish in her and bringing all of us into this clown pyramid scheme we are living it. + +So, the data is clear with one consistency - Keenny Boi the Squeezy Boi has been calling all his trust fund friends and they have been passing ownership to Citadel AT AN ALARMING RATE. + +In the last 2 months alone: + +* Citadel has taken beneficial ownership of over 25% of the capital of 56 different SPACs + * Totaling over $4B in capital + +**AND** + +* An average of 18% ownership of 28 corporations + * Totaling over $3B in capital + +Now, the SPACs are a little more crazy, but because we know that Citadel has been internalizing trades, only routing sells, and probably selling smaller positions quietly to raise capital *\*cough\* FB \*cough\*,* Ill start with the corps - but we will get to the SPACs shortly. + +So, a lot of the company positions have been *amendments* to their Dec 31 filings. Now, what is weird is that shortly after these filings, large amounts of shares have been sold off onto the market. They have become benefactors of these shares to dump onto the market *at market price* should they chose. Now, these filings are applied to both Citadel and the company that issues them. So that company has to be aware that Citadel has possession of these shares (and would have been aware the whole time if they did). + +So why all of a sudden is Citadel the owner of these shares? Either the company is issuing them to Citadel through the board, or Citadel is somehow getting these shares another way. + +* If someone has another idea how these shares were issued for a filing fee with the SEC, let me know + * I am relatively certain they are coming from the board issuing new shares, because there are FOUR companies with greater than 100% ownership of the float as well. So the FINRA data would imply that additional shares were created: + * STRO + * ZNTL + * AVRO + * ANNX + +There are a couple other notable points with regard to these new filings: + +* One company is a Colombian Company and the holding is pretty small (ACHOQ) +* One ownership is for a company that was acquired in January by another (PRVL) +* One company is no longer a company and hasn't had any share reporting since 2019 (MGEN) + * I find this weird that they are consolidating their books in Feb 2021 for a company that seems to have disappeared in 2019 +* One company has a negative valuation (MLND) + * The shares still held a market value April 28 of >$4M + +There are some weird things going on through Citadel at the moment, and Suspecthanna is on another level with more funds being funneled to their parent company than a cute pornstar who is about to do anal for the first time. + +[Above \*\*\*\*\* were filed 16 Feb](https://preview.redd.it/nhc67ktce7w61.png?width=1055&format=png&auto=webp&s=430680937e1a87baa2bb92005cc8dfb218ff7422) + +Did I mention that Citadel changed legal signatories on Feb 1? Huge red flag I would think. It was also filed with one of their *LARGEST* SPAC ownership filings, tucked away and hidden. JAWS (fitting that they are the only billion dollar SPAC on the list). Oh, and the JAWS benefactor? His name appears twice on this list (it seems to be the only one). + +Now, this list is by no means a definitive answer to anything. But I believe we just got our first glimpse at the actual investors with Citadel, who is actually exposed at an exorbitant amount (hint: banks r fuk too), and why they are pulling cash back from shell corporations (registered in tax havens) at an alarming rate (and it isn't because they want to pay taxes all of a sudden). They *know* they are about to crash the market because of these short positions. + +So, can we also get anything from the names of the Executives (owners of the SPACs)? Well, Ill tell you this much - a lot went to Harvard, and a lot started businesses while they were in college (one specifically opened 15 locations right away and is now a massive conglomerate), more than most worked for 20-30 years in the financial sector at the very banks that are overleveraged on this, and some have even been knighted. + +We need to speculate on couple things here: + +1. It takes money to make money; someone would need a lot to begin with to do some of these things +2. These were not bank loans they were suddenly able to obtain with a great business model. Someone helped pull the strings to make these capital investments happen \*cough\* their parents \*cough\* +3. A lot of this is old money that has probably gone through a changing of the guard so to speak, meaning they came in control of it by default and just wanted it to get bigger (because fuck socialism amirite?) + +Now, I haven't combed through the names individually. But if someone wants a glimpse at who is really pulling the strings, I would definitely think that's where you would start. Suspecthanna is the next one. And boy oh boy have they been busy. Their list is almost double Shitadels (makes sense considering their short position). That's another week or so of work that I will need to dig up so just be *patient.* + +&#x200B; + +https://preview.redd.it/aij4bpn0l7w61.png?width=1170&format=png&auto=webp&s=fd2661d586a4822077ab015214f133109d786b39 + +https://preview.redd.it/l6x9ion0l7w61.png?width=1557&format=png&auto=webp&s=9d1435c564c8401e39ab98a6a870cb20fbec8880 + +Did you think that Warren Buffetts famous saying about being patient is about throwing your money in a fund and letting it grow at 2% per annum? No you fucking idiot, it's about researching where the money is going and who is making mistakes. These people have made a huge mistake, and we just have to be patient. No more expecting this shit to moon tomorrow. These people will do anything at this point it seems to make sure the peasants don't get their tendies. And if you want tendies, you just have to continue to wait and let them liquidate their assets and bring it all back from off-shore. It will mean we don't need a bailout and our tendies will be glorious. We can even flush the governments with cash to make a difference and not work for rich people only. But that is it. Just fucking wait. + +To note, this is not investment advice, and it is all publicly available information so I have not gone out of my way to find these benefactors. + +Oh and Suspecthanna? I haven't seen ANYONE asking about **DIMENSIONAL FUND ADVISORS LP.** You're welcome. +[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!) +A few years ago before Covid hit the O&G sector was down significantly. Could not predict covid but like the O&G sector being down it was a 100% return guaranteed from a physics and environmental pov (CER; canada government entity vs what market was saying to help provide support). Any theories on the next sector/area highly depressed with guaranteed-low risk returns in this environment? + +Most I can see is Industrial/Insurance based companies. Interest Rates, Inflation + War. Interest rates have to rise, inflation and interest rates will help the spread between commodities and retail sale price of products for industrials/manufacturers & Insurance companies for higher spread on fixed income portfolios. Banks are already ATH areas in canada. + +Edit: any investment comes with some risk and is not guaranteed. +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! + +Fuck I hope it pays off. I've always felt Ford could be a good company and I invested at around $10. In the near term I think the chippy chip shortage is a drag but I have a lot of hope that their push to innovate and partner with EV companies pays off and they see shares move closer to $20. Im not in it for a moon landing but I believe they can be a good long haul + +Quick edit so I don't have to repeat comment: Fords management decisions on EV are what have me excited. I think it shows that they are trying to be more competitive than they have been the last 20years and shows intelligent movement that makes the stock at its current price much more desirable. If it were just GM or another car co I wouldn't really see it as significant + +Last Edit: thank you lovely folks for the awards that I don't really understand. If ever I've had imposter syndrome, it's getting an award for wholesomeness +I'll try to keep it brief. + +I'm 20, live at home, and attend a community college(1yr left, then 2yrs at flagship school that is same distance). I commute 45 minutes a day and have a reliable car I own worth 6k on KBB. + +I work part time and have some side hustles that reliably pull in a total of 35k post tax. I put 5% of my W2 in a matched 401k. + +Tuition is taken care of by grandparents, scholarship, and crypto, in that order. + +I have $30k in the bank and $12k in acorns. + +My credit is good with my current scores hovering around 725. + +I have 5 credit cards in my name with 30k limit + a charge card accross the 5. + +Im also an AU on two 10yr+ cards with high limits and i have a 8 month old Self loan. + + +Here's my plan. Houses in my area (northern Midwest) are 75-150k for something livable. I will aim for something as cheap as possible, which will probably end up being 80-115k. + +My down payment can be most of my cash and I'll sell the Acorns account (very little cap gains) to cover closing and any other costs I may run into. I'll still be making close to 3k a month with less than $750 a month cost of living until then so I'll have more cushion. + +Why do I want to do this? Because I don't want to live at home any more. My family is fine, but two decades is enough. I also hate the idea of renting which is what my parents suggest whenever I mention my plan. + +So I guess either tell me I'm a dumbass or make some suggestions please? I have been saving a long time and feel like I should do this before things get worse. + + +**Edit To Add** + +Yall are awesome. The input has been amazing, but I'm still on the fence! For every person saying I'll regret there is anther telling me to jump at this chance. This is why I'm so torn.. Save mee! +I've been into cryptos for about a year and before that have never owned any stocks or bonds.. Cryptos was my first taste of investing. I recently just decided to diversify and put some money into a few stocks and index funds. After creating my brokerage account and bought stocks - I was like "that's it? I don't need to move them to a wallet and keep my private keys safe? +And when I talk to people they either don’t understand or just don’t care. It’s made me realise the reason we’re in this shit situation is just plain ignorances. + +This community has taught me so much not just in terms of trading but the wider world. + +You guys are my best friends, and yes I may be drunk and this post contributes nothing to the outstanding DD out there but fuck it, I love you guys. + +BUY.HODL.DRS + +Edit: thanks for all the nice messages last night. I may have drunk a bit too much, feeling better today! +I did meet an accountant last night who was interested and I have linked him to all the glorious DD, but I stand by what I said about this community you’re all fantastic wonderful people and I’ll see you all on the moon! +The entirety of the Crypto market is a bloodbath today. MoonBud is recovering steadily and there is a waterfall of buys eating up the dip. + +It's been nothing but good news for MoonBud the entire week! + +&#x200B; + +All FUD has been destroyed. + +&#x200B; + +\- The donation goes on, Dogs trust will receive the £100k check this friday and are helping create a promotional video with a professional film crew to share the news. The video will be shown next week, then marketing will be full steam ahead! + +&#x200B; + +\- Dogs trust will use their huge social media presence (over 300k followers on Twitter) to thank MoonBud for their donation. + +&#x200B; + +\- Main developer has hinted towards being the founder of a much larger successful crypto token. The bullishness of MoonBud is bubbling over and ready to explode. + +&#x200B; + +This has been an overlooked project the past 2 weeks since progress was slow, making it INSANELY UNDERVALUED, but the community is strong and the devs have proven over and over that they are trustworthy and committed to bringing us a successful project. + +&#x200B; + +Why MoonBud? + +&#x200B; + + \- Extremely transparent devs + + ⁃ Very low marketcap ($1M), huge potential for gains + + ⁃ 7k+ Holders, active TG + + ⁃ Already listed on CG, incoming CMC listing + + + +This is a great opportunity for buying due to the crypto crash. Buy the dip and be rewarded over the weekend! The donation will propel this coin to new highs. + +&#x200B; + +Get in the telegram and ask your questions, there’s nothing to hide. + +&#x200B; + +Become a MoonBuddy: + +&#x200B; + +[https://moonbud.space/](https://moonbud.space) +Hi guys, I have a question for you all how do you deal with the temptation of trading 0 DTE options (aka FD) ? + +I believe some of us have some sort of alarm (QQQ's RSI by email for me) or we will receive some market news during the day (subscribed to multiple email newsletters) to manage our 30-45 DTE positions or when our strikes are breached. + +Day trading options based on these news has been very detrimental for my account (I usually over estimate the news impact, or get whipsawed). + +Any tips are greatly appreciated! +I’m a physician in the Bay Area. Feeling the burnout now more than ever, not sure how much longer I want to continue clinical medicine. There are obviously consulting and startup options which include more risk. Wife also has a six figure income, but we are definitely not ready for RE yet as we still have young kids. + +Just curious to hear from any other physicians who left clinical medicine and were able to FIRE and particularly fatFIRE. +My father invested almost all of his money in Adarsh credit cooperative bank (around 60 lakhs). Since the fraud has become public, we were assured they'd pay us the principal amount at least. It's been almost 2 years, we haven't heard back. Is there any possibility we would get our money back? +'Big Short' investor Michael Burry sold all but one of his stocks last quarter — after warning an epic market crash is coming + +[https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8) +I was pinged yesterday by track and trace, until Saturday. I work as a waiter at around 30-34 hrs a week and thus will be missing out on almost a quarter of my monthly earnings. Having spoken to my bosses they said that they can either use my holiday pay or statutory sick pay (the latter of which is pitiful), I have already applied for the COVID hardship fund thing they placed out for people in this situation. If I get rejected, is there anything more I can do? I'm not sure if this is just industry-standard in hospitality or if it's up to the business whether they use holiday pay or not. +Keep your arguments in here. Try to keep it related to the market and how you're losing all your money thanks to daddy Putin, daddy Biden or this is all the fault of Nicholas II. +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. + +https://www.cnbc.com/2022/05/16/musk-reportedly-says-twitter-deal-at-lower-price-not-out-of-the-question.html + + +Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn't "out of the question," Bloomberg reported Monday. + +The stock has dropped as investors fear Musk will walk back on his agreement to acquire the social media company for $44 billion. + +Musk reportedly made the comment while speaking at a summit hosted by Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg for their "All-In" podcast. + +… + +The stock is down more than 7% for the day investors fear Musk will walk back on his agreement to acquire the social media company for $44 billion. + +Twitter shares have also erased all gains made since Musk disclosed his investment in the company on April 4, in part thanks to a sell-off late last week. Musk said Friday that the acquisition was "on hold" while he researches the proportion of fake and spam accounts on the platform, which he believes Twitter has misstated. + +Musk on Monday estimated that fake users make up at least 20% of all users, according to the Bloomberg report. Twitter, meanwhile, has said the accounts made up fewer than 5% of its monetizable daily active users in the past quarter. +Stock splits are all the rage - After Google announced in Feb that there would be a 20:1 stock split in July this year, Amazon has followed suit announcing a similar 20:1 split and sending the market into a frenzy. Amazon’s price was up by 6% the next day and Google’s stock rose more than 9% in after-market trading following the news. Tesla is also planning for a second stock split and most recently, GME has also announced its stock split. + +We do know that stock splits do not affect the underlying business in any way, but it is undeniable that there is price movement around the announcement and execution of a stock split. So in this week’s analysis, let’s deep-dive into the world of stock splits, how and why they are executed, and most important… Is it possible to make money off of a stock split? + +**What is a stock split and how is it executed?** + +A stock split is a simple decision by the company board to increase (or in some cases decrease) the outstanding shares of the company. For example, let’s say you own 10 shares of company X worth $100 each. So in total, you own $1K worth of shares in the company. If the company announces a 2-for-1 stock split, now you will have 20 shares of the company worth $50 each. But the total value of shares you own in the company does not change. You will still own the same $1k (20 x 50) worth of shares that you started with. + +If you are wondering why companies engage in stock splits, the following are some of the key reasons. + +* **Affordability:** Sometimes the stock becomes too expensive for retail investors to buy into. Consider Amazon - One stock is worth close to $3k now. So the minimum amount you would need to start investing in Amazon is $3k which might not be affordable to a vast majority of retail investors \[1\] Also there is the psychological impact of buying a share worth $3k and a share worth $30. +* **Options:** For the options players, there is a huge difference when a stock is cheap. In options, a single contract is worth 100 shares. So for a covered call strategy incorporating Amazon, before stock split, you would need a single stock position worth more than $275K vs only \~$14K exposure after the said 20:1 stock split. +* **Liquidity:** Since more shares are outstanding for the company after the split, it will result in greater liquidity and a lesser bid-ask spread. It also allows the company to buy back their shares at a lower cost since their orders would not move up the share price as much, due to higher liquidity. + +Now before we jump into the analysis, you should understand how exactly a stock split is executed. On **announcement day**, investors get to know that a stock split is going to happen soon. The stockholders eligible for the stock split are decided on the record date. This is mainly a formality. The actual split would happen on the **ex-split date (or ex-date)**. After this, the stocks would start trading at their new price. For example, in a 20:1 split, the stocks would trade at 1/20th the previous price after the ex-date. From our data, we observed that there was an average delay of 36 days between the announcement day and ex-split date. + +**Data** + +For this analysis, I have used the data from [Fidelity’s stock split calendar](https://eresearch.fidelity.com/eresearch/conferenceCalls.jhtml?tab=splits) that tracks the announcements and execution of stock splits, from as far back as 1980! I have considered splits only from 1993 (due to stock price data availability), and I have considered only companies that currently have a market cap of $1Billion or above. I have also ignored reverse stock splits as the data is too small to be statistically significant. + +This gives us a total of more than 2,000 stock splits to work with. In case you are interested in the raw data, I have shared both the raw data and analysis through links at the end \[2\].  + +**Returns** + +As soon as a stock split is announced, there is bound to be a lot of buying and selling activity. The question is, how much return could you have seen? There are a few scenarios possible here. + +**Short Term Returns** + +The short term plays possible around stock splits are: + +1. You already own the stock and see its price go up on announcement day. +2. You did not own the stock on the announcement day so you buy the stock just before the actual stock split execution. + +https://preview.redd.it/j7ujpf1y2is81.png?width=619&format=png&auto=webp&s=60912ef1adabca10f9f857da0321abf1363f705a + +As expected, the announcement of a stock split sends the stock pumping with a 1.48% 2-day return when compared to only 0.09% return generated by SPY during the same time period. You would still have beaten the market if you had bought the stock one day before the actual split execution day and then held it for two days (albeit by much less - 1/7th of the gains you would have made if you had owned it before the announcement). + +**Long Term Returns** + +Considering that a stock split is supposed to indicate growth prospects, what happens when you hold for a longer time? There are two possibilities: + +1. You buy the stock just after the announcement of the split +2. You buy the stock on the split execution date. + +https://preview.redd.it/51513s603is81.png?width=613&format=png&auto=webp&s=62ed4a28a5e57254549e79a65ccd952219eea34a + +Buying just after the announcement would have paid off handsomely with the returns beating the market easily in the long run. On average you would have had an alpha of 1.5% over the market in just over a month. + +But, on the other hand, if you buy it on the day of the split, the returns are not that great. You would have lost money in the first week on average and would have been underperforming SPY even over the period of one month. You would have had to wait about a year for your portfolio to overtake SPY. This is to be expected because by the time of the actual split, the hype has died down a bit and the rallies in price are a bit more uncertain. + +**What about H\*DLers?** + +This is another interesting case where you would have bought stocks on their announcement date or ex-split date and held on till today, starting from 1993 \[3\]. Though most people wouldn’t trade by this strategy, it’s interesting to see how it would have fared. \[4\] + +https://preview.redd.it/n6i7py113is81.png?width=810&format=png&auto=webp&s=c74d9f2afdcb64f342300dd6c6bb0169f208a58c + +If you had bought all stocks that underwent a split and held till today, you would have beaten the S&P 500 by close to 200%! + +**How certain are our returns?** + +Next, we have to look into whether the alpha we are seeing here is due to a few stocks that are skewing the results. Even though I have capped for outliers, I wanted to know what % of stocks undergoing a split beat the market over the different time periods that we just saw. + +https://preview.redd.it/w4506by13is81.png?width=505&format=png&auto=webp&s=bdd95395be1c8e00bb00ea578eea899d756fe635 + +Well, would you look at that! Except in one case, the odds would be in your favor to beat the market if you had followed this strategy. As expected, for short term the highest chance is if you had owned the stock before the announcement (which is not realistic), but even if you had bought it one day after the announcement, you would have had almost a 60% chance of beating the market by the actual execution day. + +**The cheap and the expensive** + +The usual rationale behind a stock split is that the stock has become too over-priced, and splitting it makes it cheaper for retail investors to buy into - But the data revealed some contrary insights. Over 90% of the stocks were less than $52 in value at the time of the split, and only 5% were over $230 in value! + +So obviously, the question is - **Was there an advantage to buying cheaper stocks or more expensive stocks at the time of a split**, and how did they compare to the total set and the benchmark? + +The 10 percentile value for the adjusted close at the time of announcement was $3.50 (203 stocks less than this value), and the 90 percentile value was around $43 (203 stocks more than this value). Here are the average returns for these sets. + +https://preview.redd.it/hzenccz23is81.png?width=824&format=png&auto=webp&s=4debdb20bdedbd1c9b06aa887de2acb8c5ee5569 + +The lower-priced stocks seem to have a massive advantage in almost all respects, sometimes giving a return of more than twice the complete set of splits in the long term! On the other hand, the higher-priced stocks have a poor record - Though they beat the benchmark in the short term\[5\], in the long term, their performance is much lower than the stocks having a lower price. + +One of the reasons that the lower-priced stocks have such a high average is because stellar companies like Microsoft, Apple, Nvidia, Nike, etc. were trading for less than 5 dollars per share in the 90s - But this doesn’t invalidate the observation. There were stocks trading for more than 100s of dollars around the same time, and they didn’t do as well as the lower-priced stocks. This insight could mean that ***companies with a lower share price that go for a stock split now have a higher possibility of growth than huge stocks*** like Amazon or Google. + +**Limitations** + +The analysis seems to indicate that stock splits are a sure-shot buy. But there are some caveats to keep in mind before trying to replicate this: + +1. There are a variety of large, mid, and small-cap stocks that underwent stock splits. Comparing the returns solely to the S&P 500 might not be the most ideal way to calculate Alpha since the S&P 500 comprises of the biggest 500 companies in the U.S. So the alpha we are seeing here might just be compensating for the extra risk we are taking buying into smaller companies. +2. The stock splits selected here are companies that have a market cap of at least $1Billion. + +**Conclusion** + +Buying and holding stocks at the time they are undergoing a split might not be an outrageously successful strategy - But it definitely has an edge, both in the short term and especially in the long term. This gives some credence to the statement that a stock split indicates good prospects of growth. + +And if you’re wondering whether the right time to buy is during the announcement or the actual split, the data shows that **there is a clear advantage to buying around the time of the announcement**, especially for short-term plays. The probability of success is also 60% and above in many cases, indicating that there is something more to this than mere chance. + +And finally, stocks with a smaller price seem to do much better than stocks with higher prices when it comes to stock splits. While this could just be the compensation for the risk you are taking investing in smaller companies, it’s definitely worth looking into! + +**Data:** All the raw data for the stock splits and returns for additional time periods that I could not showcase in this article [**can be found here.**](https://rows.com/market-sentiment/my-spreadsheets/stock-splits-data-6LUbbrOfFLo2cjV25RoXaQ/live) + +**Footnotes** + +\[1\] Along similar lines, to own a single Class A share of Berkshire Hathaway, you need $489K. There are some theories that certain companies have very high share prices because they don’t want retail investors (who are usually fickle in ownership) to own their stock. This usually leads to lesser volatility for the said stocks. One other point to consider here is that there are more and more brokers who are offering fractional shares these days. So stock splits might not be as relevant as it was before. + +\[2\] This should make your life much easier as we had to use web scraping to pull all the data. + +\[3\] Walmart split its stock [11 times](https://stock.walmart.com/investors/stock-information/dividend-history/default.aspx) on a 2-for-1 basis between their IPO in October 1970 and March 1999. An investor who bought 100 shares in Walmart’s IPO would have seen that stake grow to 204,800 shares over the next 30 years! + +\[4\] In fact, [there was an ETF ](https://finance.yahoo.com/quote/TOFR/)that bought stocks that were going for 2:1 stock splits. + +\[5\] Not shown here, the complete analysis is in the data shared at the end. + +*Disclaimer: I am not a financial advisor. Do not consider this financial advice.* +Pandora Papers: + +Terabytes of data, 12.9 million documents, all detailing how billionaires and over 300 corrupt politicians have avoided taxes, and Bitcoin was not used a single time by them. + +How can it be that exactly the politicians who claim that crypto would be the main accelerator of financial crime and tax evasion have used exclusively the broken old financial system to do that which they blame crypto on supporting. + +With Bitcoin every single transaction would be transparent on the blockchain, everyone could see where all the money is going. Wondering why they are so against it? The reason seems more obvious than ever. + +Pandora papers showed that people are using loopholes in tax laws to hide their wealth in tax havens to hide their wealth or ill gotten gains. They are not using cryptocurrency to do that, there are plenty of loopholes in tax laws for doing it legally. + +The rich are holding properties and investments under a network of offshore companies that are set up in other countries, or "offshore". + +These offshore countries or territories are where: + +\- it's easy to set up companies + +\- there are laws that make it difficult to identify owners of companies + +\- there is low or no corporation tax. + +The best part of it is that using tax havens to dodge taxes is not illegal. Loopholes in the law allow people to legally avoid paying some taxes by moving their money or setting up companies in tax havens, but it is often seen as unethical. + +Its estimated that from $5.6 trillion to $32 trillion is hidden in tax havens, according to the ICIJ. The IMF has said the use of tax havens costs governments worldwide up to $600bn in lost taxes each year. + +To hide money all you need to do set up a shell company in one of the countries or jurisdictions with high levels of secrecy. This is a company that exists in name only, with no staff or office. It costs money though. Specialist firms are paid to set up and run shell companies on your behalf. These firms can provide an address and names of paid directors, therefore leaving no trail of who is ultimately behind the business. + +When such a huge amount of money is hidden in offshore havens, the rich still blames cryptocurrency as the culprit for money laundering. This is classic gaslighting. They are projecting and blaming the most vulnerable group, what they do themselves. + +This legal way of tax dodging will never end because the people that could end the secrecy offshore are themselves benefiting from it. So there's no incentive for them to end it. + +Its time more people speak up against this and move more towards cryptocurrency where all data is independently verifiable. +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/EKU2tVBp9u) +Will a tax on Veblen goods (luxury tax) make such taxed Veblen goods' demand increase? If so, then aren't taxes on Veblen goods a great tax since everyone (consumers, producers, and the government) wins and no one loses? +From searching online it seems average Americans take around 10-20 days of vacation per year (\~2-4 weeks) + +I'm wondering what the balance is like in the fatFIRE crowd. We can afford to take more vacation than the average American, however if we take too much vacation we might fall off the track of fatFIRE. + +I'll start: I take 12 weeks (\~60 days) off per year (unpaid because I'm self employed). I take a week off every month, it helps me prevent burnout and travel the world, but I'm also not away from work long enough to disrupt cash flow. + +Edit: I'm loving all the responses. I wanted to see if people were taking it more relaxed (i.e. more vacation) or going 100% all in (no vacation, retire as early as possible). From the responses, I would say majority take between 2-10 weeks of vacation with some outliers on both sides. We're a well balanced group of people! + +And of course, we have our lovely retirees clocking in at 365 days of vacation/year. Those pesky senior citizens! +Well thank god, the money orders showed up in our mail today with a note that says “need to pay postage.” I guess when my roommate went and did the orders she didn’t think of that and couldn’t remember that she hadn’t done so and for whatever reason had the excuse that the postal service was at fault. Regardless of all of this, I’m just so relieved that we 1. have the money back 2. I am not entirely broke anymore and 3. my roommate isn’t a thief. I am going to take nearly everyone’s simultaneous advice and NEVER PAY RENT WITH MONEY ORDER EVER AGAIN. From now on *I* will pay the super myself DIRECTLY. If anyone’s curious about how the interaction at USPS went this morning, I showed up with the pay stub and explained the situation and was told there was nothing they could do aside from wait up to 60 days to see if it had been cashed. Thank you all so so much for the advice this stupid 18yo so desperately needed. +Google says 836 063 VEF per year, which is 1.82 USD, which is absurd. The second Google result says "10174.48 VEF/Month" which is 2 cents a month, which is also absurd. Salaryexplorer.com says "132,000 VES a month" which is 28.8k USD. Yeah, sure. Then I read about a Venezuelan who was making $5 a month in 2019, which is still ridiculously low, but most realistic out of all these numbers. +# ADDENDUM- Q&A Hey everyone, I wrote this section as purely a response to the hundreds of questions, comments, and rebuttals I received over this series. They are listed in no particular order, and I do my best to answer each point as concisely and accurately as possible. + +Updated Complete Table of Contents: + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 1.5: Triffin’s Dilemma and the New Rome**](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 2.0: Reflexivity and the Shadows of Black Monday**](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [**Part 2.5: Derivatives and the Alchemy of Risk**](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [**Part 3.0: Debt Cycles and Great Depression**](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 3.5: The Money Illusion**](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.0: The Weimar Republic**](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.1: Nightmare of Hyperinflation**](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.2: Financial Gravity & The Fed’s Dilemma**](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.3: Economic Warfare & The End of Bretton Woods**](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 5.0: A Story of Fire & Ice: The Finale](https://www.reddit.com/r/Superstonk/comments/z8wus9/hyperinflation_is_coming_the_dollar_endgame_part/) +* [ADDENDUM Part 1](https://www.reddit.com/r/Superstonk/comments/zatkel/hyperinflation_is_coming_the_dollar_endgame/) + +&#x200B; + +Disclaimer: This section discusses crypt0 in brief, I am far from an expert and I know basically any opinion I hold will be attacked by ETH maxis, BTC maxis, or some combination of the two. + +&#x200B; + +# Deflation is the easy way out. The people in charge will see the inflationary crisis coming and opt for a de-leveraging of the system instead. + +Again, I wish i could say I believed this would be the case. First thing you have to understand, a deflationary crisis would be better and worse than an inflationary crisis in different ways. We would see a complete collapse of the asset bubbles in stocks, bonds, real estate, technology, crypto, art, and more as the leverage in the system unwinds. There would be massive layoffs as government subsidized industries grind to a halt, and a collapse in GDP as huge parts of the federal government, defense and infrastructure sectors, and transfer payments like social security completely turn off. + +The public backlash from this would be incredible- a new Occupy Wall Street, and severe protests from people across the political spectrum over the defaulted promises of the government. + +Unemployment could easily soar to 20% or more. Bread and soup lines, homelessness, crime, and more would proliferate. Bank runs would occur, and if the FDIC did not get Treasury or Fed backing, their cash on hand would run out and bank deposits would no longer be insured. Your money in the bank could become worthless. + +Money market funds, hedge funds, pension funds- all would collapse. Only those who hold physical cash would fare well; as prices of everything enter freefall, they could rush in and buy distressed assets at bargain prices. + +Overall, would this be better for the working class than hyperinflation? Probably. Most debts, including credit card, auto loans, student loans, and mortgages would default, and the banks, unable to collect the tsunami of assets that they are “owed” as collateral, would likely fail. + +The system only works on the margins- if a few people default on mortgages, the banks can repossess their homes and sell them. What if the majority default? Police would likely not be willing to go door to door through entire neighborhoods and kick residents out for a greedy bank that overlevered itself and will fail without these assets. + +Besides, remember who RUNS the system- the wealthy, by and large. They own most of the assets; the land, the casinos, the businesses, the stocks, bonds, and derivatives. The system unwinding and asset prices collapsing means a collapse of THEIR wealth more than anyone else’s. The notion that they would opt for this depressionary outcome rather than an inflationary one, which is comparatively better for them, is asinine. + +# What if you’re wrong? These predictions are extreme, and others have predicted this before. It didn’t happen. + +I don’t think I’m wrong, but even if I am, I think the bull case is a worse version of the 1970s stagflation. Inflation is already at 8%, via official CPI data (realized inflation is already like 16%, per [ShadowStats](http://www.shadowstats.com/alternate_data/inflation-charts)) + +Stagflation is an economic condition whereby the economy contracts while inflation remains elevated. Layoffs are already becoming widespread, especially in the tech, car and mortgage industries, which have the most sensitivity to rising interest rates. + +&#x200B; + +https://preview.redd.it/jt5vcnj1ca6a1.png?width=691&format=png&auto=webp&s=576cdab27630b741063b34b3eaec9d9512d06cab + +Oil prices are exacerbating the inflation situation- energy is the input to virtually every single moving part of our economy, and thus higher energy prices means higher and more sustained inflation rates. + +We are having record inflation while the US is draining the Strategic Petroleum Reserve (SPR) and while China is offline. In a Macrovoices interview in October, Louis Vincent Gave laid out the case that when China comes back online, they will require an additional 1.5M barrels per day of oil, which will likely shoot prices back above the $[120 level, from the $80 or so they are at now.](https://www.marketwatch.com/investing/future/cl.1) This could shoot inflation easily above 10%. + +Payrolls have been stronger than expected, but I believe this is mainly due to declines in full time positions and increases in part time positions. The US economy will fare relatively well compared to other countries given the built in demand for the dollar, but in my opinion if the Fed continues hiking we will see a severe recession, and eventually depression if they go high enough. + +# Tax the rich at 100% and that will cure the issue + +If we tax all the billionaires at 100% we would acquire roughly $[4.18T worth of assets](https://americansfortaxfairness.org/billionaires/). However, there is a gargantuan $31T of debt and $160T to $222T of unfunded liabilities. This would be a drop in the bucket. + +Furthermore, a LOT of the assets are illiquid, hard to value, or dependent on market conditions. If the Treasury somehow acquired 20% of Tesla, for example, they could only sell small amounts slowly so that they do not crush the market and shoot themselves in the foot. + +Even if we take it at face value, $4.18T would only pay for about 8 months of Federal spending (using 2021 figures). The issue is just too big for even the wealthiest to handle. + +The politicians have dug us a hole so deep that it is impossible to get out. + +# Do you still believe in MOASS? How high can the price go? + +Yes, I still believe in MOASS and I still hold GME. I don’t write about it as I believe other people have done better research and I honestly don’t have anything to add. + +I don’t know how high the price can go. Anyone who tells you that is lying. I can’t tell the future and there is no mathematical model to accurately predict the price action. + +I’ve DRSed all but 5 shares. I’ll move those soon. + +# Other than GME, what can I buy? What can I do? + +First, educate yourself. I’ve included reading lists for every section, highly recommend you start there. Also check out podcasts such as macrovoices, planet money, and bankless. + +Next, I am NOT going to give individualized financial advice- just generally share what’s done well in the past. I highly recommend you go talk to a financial advisor and just tell them you are worried about inflation staying above 10% for the next 5 years or so, and ask them what they think are wise investments. + +I think real estate will do well, but you have to be extremely careful with payments, make sure you can cover them and then some so you don’t get your house repossessed. + +I think equities on the whole will do well, until the very end when the money truly dies and inflation reaches thousands of percent. IF that happens, then real tangible assets (farmland, food, gas, water, bullets) will gain tons of value. If Bitcoin isn’t used as a medium of exchange, then we would likely go back to a barter system. **Again, I don’t see this happening- I think we would switch to a new money before the worst of the hyperinflation hits us.** + +Equities are closer to the money printer than almost anything else and as bonds melt down and become monetized, institutional money will flow to them. **A certain stonk of a “dying brick and mortar” will likely do better than all others.** + +**I also believe MOASS will happen before any extreme inflation event occurs. In my opinion, hyperinflation would be 3-5 years out (more likely closer to 5 years) IF THE FED takes the route I think they will take. At current rates of DRS, I think we will likely reach 100% DRS long before that.** + +Will that cause MOASS? I don’t know. It’s never been done before, to my knowledge. But why don’t we find out? + +Many have asked me if it’s wise to take on debt to buy assets. Overall, I would say it is, but you need to be very careful. If your primary income is a job, remember that inflation rates almost always rise faster than wages- so you need to expect your real income to fall. If you can switch jobs faster, or you are in a highly paid, high demand industry then you will likely be fine, but this is something to watch out for. + +If you own a business that will do well in inflation, then you can be more aggressive. However, with all of this you need to understand the caveat- the Fed can still choose deflation. I think this is highly unlikely, but it is possible, so you need to be prepared for it. If I were looking to invest in real estate/assets right now, I would save up cash and wait for the Fed to officially pivot back into QE to buy. The market could trend downwards for some time until the Fed pivots. + +The one thing I personally would stay away from generally is bonds. Inflation linked bonds, if high enough yield and short enough timeframe (less than a year) might be OK, but almost all other bonds will lose value in real terms as inflation stays elevated. + +# What will replace the Dollar as World Reserve Currency? + +This is an incredibly difficult question to answer, as there is great uncertainty surrounding how the major powers will react to an unwind of the Dollar-centric global monetary system. The last few times we had a transition to a new WRC, there was a clear rising global superpower that could take on the mantle and conduct enough trade to keep the system running. + +For example, the most recent transition occurred from 1929-1944 took a decade and half, and required serious damage to the former global superpower, Great Britain. Pulling every resource to slow the German onslaught in the early stages of World War II, Churchill was increasingly worried of the potential of a mass invasion of the home island, and thus began shipping British gold to the United States to be stored with the Fed and Treasury for safekeeping. + +Other Allied nations, such as France, followed suit. Hundreds of tons of gold flowed west- and by the end of the war the US had 50% of the above ground gold in the world. Standing virtually untouched by the ravages of war, while Europe and Asia lay devastated, America superceded Great Britain in terms of military and economic strength. + +She was now able to lay the terms of global trade- with the only Navy large enough to protect vital trade routes from state actors and pirates, the US could now force her own terms on the world, and these terms were cemented in the [Bretton Woods agreement in 1944](https://www.federalreservehistory.org/essays/bretton-woods-created). + +The Dollar would now be the new World Reserve Currency- and instead of holding gold and trading gold certificates, they would hold US Dollars, which would be redeemable for gold. + +This system worked because there was one superpower with sufficient might to enforce it- but after a breakdown in our current monetary system, there is no single nation that can become WRC holder. + +China has a closed capital account- they don’t really allow free movement of capital out of the country, which has to be done if you want to have a WRC. India does not have a Navy large enough to enforce trade. Russia is a massive commodities powerhouse, but has a declining population, crumbling infrastructure, and as we have seen in Ukraine, a military that is far more of a paper tiger than most analysts had predicted. + +There is no unipolar world in our future- only a multipolar one, with various regional powers vying for control. In this sort of a system, the new reserve currency would have to be a neutral one. There are several different options. + +The first is something called the Special Drawing Right, or SDR. The International Monetary Fund’s website [describes it like this:](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR) “The [SDR](https://www.imf.org/en/About/FAQ/special-drawing-right) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The SDR was created as a supplementary international reserve asset in the context of the Bretton Woods fixed exchange rate system. The collapse of the Bretton Woods system in 1973 and the shift of major currencies to floating exchange rate regimes lessened the reliance on the SDR as a global reserve asset. Nonetheless, SDR allocations can play a role in providing liquidity and supplementing member countries’ official reserves, as was the case amid the global financial crisis. + +The SDR serves as the unit of account of the IMF and other international organizations. + +The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. SDRs can be exchanged for these currencies. + +The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.” + +This is a neutral reserve currency, already created and managed by the IMF, and used to a small degree in global reserve transactions between central banks. However, as many point out, the IMF is a clearly Westernized organization, controlled mostly by the United States, and thus is not truly neutral- oppositional countries like Russia and China would still dislike an SDR based world, although there are some benefits. + +Namely, each country would be able to continue to use, issue, and control their own local currency, using SDRs instead for global trade and converting back to their own currency when needed. However, given that SDRs would be cleared through the IMF, there is still the potential for economic warfare in the same manner that was imposed on Russia in the early stages of the Ukraine invasion- a complete freeze and seizure of reserves, rendering the asset virtually useless. It may be easy to get Western countries to agree to this new system, but others will likely be wary. + +The second option is a return to a semi floating gold standard- each country re-backs their currencies to gold and opts for floating exchange rates between currencies, and in order to ensure smooth functioning, everyone must allow free trade and redemption of gold, even between antagonistic member states. + +&#x200B; + +https://preview.redd.it/8uzc9lctca6a1.png?width=1234&format=png&auto=webp&s=7d272a9482e7950e244ae582c0961da49338a1b1 + +Brent Johnson of Santiago Capital put together this great table- illustrating the price at which gold would have to be to re-back their monetary supply. To back M2 Money Supply in the US, gold would have to be priced at around $82k an ounce, whereas Russia could achieve the same backing for just $11k an ounce. + +This is what would be called a floating gold exchange standard- where each country would store gold as reserves and use it for redemptions of their own currency. Russia and China are preparing for a system like this, evidenced by their massive dumplings of US Treasury positions and steady acquisitions of gold for their central bank vaults. + +However, although this system worked \*somewhat\* well in the past, I simply do not believe we will return to it. This is due to multiple factors, but the largest being the inconvenience, difficulty, and trust required to continually move gold between central banks, banks, and individuals, along with the frequent bank runs that will occur on banks that over issue currency without sufficient gold to back it. + +Gold is money, in all ways but one- it is difficult to use for small transactions. You can’t take an ounce of gold to the store to buy groceries, and shaving small pieces off a nugget to pay for goods isn’t something that is likely to happen in our 21st century, digitized world. Therefore, the SAME THING that happened last time will happen again- + +They will re-back the currency 1:1 with gold. They’ll issue paper banknotes as claims against the gold. Once enough time has passed, they will slowly start to increase the supply of banknotes. 1.5:1, then 2:1, then 3:1. Once everyone finally realizes again that the currency has been inflated, and their value has been stolen, they can re-value the price of a gold to a new higher price and restart the process all over again. + +The fundamental issue is trust- we have to give over large portions of gold to centralized entities for convenience and payment facilitation, but we have to TRUST that they will not print more paper currency than what can be backed. + +This leads me to the third major option for what I believe can be a new World Reserve Currency- Bitcoin. + +Bitcoin is a peer to peer, decentralized cryptocurrency that can send and receive value without a single trusted third party. Instead, Bitcoin relies on a network of nodes and miners to confirm and validate transactions, and then to record them in a block, which is appended to the most recent block- thus creating a “blockchain”. + +Bitcoin has proven to be the most resilient, longstanding, anti fragile, and robust cryptocurrency to date, since it’s inception in 2009. Bitcoin mining is a distributed consensus system that is used to [confirm](https://bitcoin.org/en/vocabulary#confirmation) pending transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a [block](https://bitcoin.org/en/vocabulary#block) that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all the subsequent blocks. + +Total computational power of the network has steadily increased since inception, making the network more and more secure over time- and although Bitcoin is slow to adapt and change, and perhaps even behind in smart contract development, many extoll this as a virtue. Any monetary network that has the properties of hard money, such as gold, must also be resistant to change, even “good” change as almost all changes are tradeoffs and create winners and losers. + +If Bitcoin did eventually become the new World Reserve Currency, it’s value would be incalculable. There can only ever be 21 million Bitcoins- and divide the entire global GDP, asset base, and consumer goods by this figure and you see astronomical figures for a single Bitcoin. Imagine reducing the entire global money supply to $21M- a house could cost $0.50, a car 2c, a sandwich thousandths of a penny. + +This is not a Bitcoin paper- there are authors much more intelligent than I with writings already in this area, such as Saifedean Ammous’ “Bitcoin Standard”. + +However, I would recommend looking further into it. **For all the Ethereum maxis out here, I also am not saying that Ether is worthless, or has no intrinsic value.** From a pure monetary economics standpoint, Bitcoin is a harder money- harder to change and more difficult to update; and thus is much more likely to be used as a global reserve currency than Ethereum is. + +**This is not to say that ETH will not play a role, or cannot be used as collateral, or utilized for purchase of digital assets, NFTs, and the like; similar to how silver and copper were used under a gold standard.** + +It is just to say that for most countries, inexperienced in crypto and wary of control of monetary systems by powerful interests like the United States, are unlikely to choose systems wrapped with complexity and hard-to-grasp concepts. They are more likely to choose cryptocurrencies with robust protocols, (relatively) simple operations, hard supply caps, and a proven network effect- and Bitcoin has all of these. + +Bitcoin’s second layer, the Lightning Network, which will be used to facilitate the daily payments that make up 99% of the transactions in the financial system, is steadily growing. + +&#x200B; + +[LN Capacity](https://preview.redd.it/4v9uxu60da6a1.jpg?width=1534&format=pjpg&auto=webp&s=b0e94ab7a89c5b3b5fda0085fcb6faacf12527b7) + +Lightning wallets are getting easier, cheaper, and more convenient to use by the day. Although there is not enough throughput on the base chain to support a global payment network, there is potentially on Lightning. Base chain transactions can be used for large purchases, like bank transfers or movement of funds for a land purchase, while the second layer can be used for shopping, ecommerce, microloans, etc. + +Several countries have already adopted Bitcoin as legal tender and are implementing Lightning wallets as payment options for small businesses. + +*(The above statements are my opinion, and are thus subject to change. I am far from an expert on cryptocurrencies, Bitcoin or otherwise. I recommend doing your own research before you invest any funds into any token)* + +# Ok, so you’re a BTC maxi? You hate ETH? + +Woah, slow down there. I’m not like other people in this space, as you can see I am a very anti-establishment thinker and I don’t like getting lumped in with large groups I don’t necessarily agree with. + +I still hold ETH, and LRC for that matter. I think these tokens DO have utility. The question that gets posed to me is will crypto surpass the dollar as a World Reserve Currency; and for this argument BTC is the clear winner. + +Think of the Treasury market- the financial system needs a reserve asset, which can be used as collateral and/or sold during times of stress to cover obligations. Bitcoin has the best chance of becoming that. Corporations could hold BTC on their balance sheet as a reserve asset, like T-bills, and ALSO hold ETH for facilitation of smart contract payments. + +Large banks, corporations do not care \*yet\* about smart contracts. They’ve invested in the space, but mostly around other L1 projects to my knowledge and not the actual smart contract development that’s taking place. + +ETH’s smart contracts allow for the development of Dapps, decentralized applications where people can loan and borrow funds, swap tokens, and even get insurance without a single third party, instead a software protocol is the agent and enforcer of terms. These smart contracts can add incredible utility, but also as we’ve seen produce vulnerabilities that can be exploited. A simple cursory google search can produce dozens of results of examples of hacks. + +Furthermore, ETH does not have a hard money supply. Although it is now deflationary money, this was not always the case. The fact that the rate of issuance and burn can be changed makes it a less hard money than Bitcoin- **hardness here refers to the difficulty of changing the supply.** + +Overall, when extremely conservative institutions like nation states and banks look at using crypto for a reserve currency, in my opinion, Bitcoin will be preferred over other cryptos. + +I highly recommend you read [An Economic Analysis of Ethereum by Lyn Alden](https://www.lynalden.com/ethereum-analysis/) for more understanding. She lays it out in a concise, simple manner. + +**I’m not going to say anything more as I don’t want to get dragged into the crypto flame wars. To add onto that, I am a relatively new entrant into crypto, I am not an expert by any means. Please, please do your own research.** + +# Hyperinflation can’t happen here. It’s never occurred in a developed country, especially one like the US. + +This is another common retort. Almost everyone in the West suffers from recency bias; our monetary system has been stable the last 50 years- why can’t it be stable for the next 50, or 100? + +**Stability has only been achieved through the creation of a system that has built in demand for dollars- and anytime systemic risk has popped up through a crisis, we have kicked the can up the stairs by papering over the crisis with more debt. At a certain point the debt becomes far too unsustainable and the entire system either melts down or up.** + +Secondly, you’re wrong- this has occurred before in American history. The Richmond Fed posted this research [paper ](https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2005/fall/pdf/economic_history.pdf)explaining the basic process by which the Confederacy, the Southern antagonists during the Civil War, began turning to the printing press to finance the heavy costs of war against the North. The South was mostly agrarian, and lacked the industrial and financial centers of their counterpart. Thus, they were unable to borrow the massive sums needed to finance their war effort, and worse still, they lacked the centralized power to crack down on member states to cough up enough resources to fully pay for the war. + +&#x200B; + +[Confederate Hyperinflation](https://preview.redd.it/evl4biz5da6a1.png?width=461&format=png&auto=webp&s=0fae87fa1c46ffbfd49677978510a39d90a93b73) + +The early stages of the war saw rampant inflation as the Confederate government readily printed more to fund the rapidly rising war costs. However, it was not until the later stages of the war, where significant Union victories and destruction of Confederate infrastructure really began to damage public confidence in the currency. Although the money supply had grown by 2000x, prices climbed above 9,000x their 1861 levels as monetary velocity exploded and suspicions regarding the South’s defeat grew to be widespread. In such a world, Southerners knew their newfangled money would become worthless. + +Our founding Fathers warned against banks and centralized control of money supply. Andrew Jackson went so far as to claim that bankers were those who “gambled on the breadstuffs of the country, and when they won, took the profits, but when they lost, charged it to the bank”. He spitefully called them “a den of vipers and thieves”. + +Jefferson went even further- + +&#x200B; + +[Thomas Jefferson on Banking](https://preview.redd.it/p6ax2njada6a1.jpg?width=850&format=pjpg&auto=webp&s=8e950001865409e05e83ae5984e9d890a7062a1f) + +**There were only two ways he believed that a nation could be enslaved- by sword or by debt.** When these debts finally come due, the unfortunate government response is to print any cash necessary to stave off default. It was stealing from the future, from the prosperity of our children- and the most immoral of ventures. + +[Thomas Jefferson](https://www.federalreservehistory.org/essays/first-bank-of-the-us) was afraid that a national bank would create a financial monopoly that might undermine state banks and adopt policies that favored financiers and merchants, who tended to be creditors, over plantation owners and family farmers, who tended to be debtors. + +During the period of the signing of the Bill of Rights, Jefferson also argued that the Constitution did not grant the government the authority to establish corporations, including a national bank. Despite the opposing voices, Hamilton’s banking bill cleared both the House and the Senate after much debate. President Washington signed the bill into law in February 1791. + +The National Bank acted as the federal government’s fiscal agent, collecting tax revenues, securing the government’s funds, making loans to the government, transferring government deposits through the bank’s branch network, and paying the government’s bills. The bank also managed the U.S. Treasury’s interest payments to European investors in U.S. government securities. + +Although the U.S. government, the largest shareholder, did not directly manage the bank, it did garner a portion of the bank’s profits. The Treasury secretary had the authority to inspect the bank’s books, require statements of the bank’s condition as frequently as once each week, and remove the government’s deposits at any time for any reason. **To avoid inflation and the appearance of impropriety, the Bank was forbidden from buying U.S. government bonds.** + +**The Federal Reserve’s current program is one almost exclusively of purchasing Treasury bonds- and manipulating market interest rates through the fixing of the Funds rate, “Dot Plot” estimations, and forward guidance.** + +**The current iteration is a perversion of even what a central bank in Jefferson’s time was created to do. Any illusion of separation of money and state is gone, and the Fed, owned by private corporations, exists solely to uphold the banking system and the governmental apparatus that protects it.** + +**Over two hundred years ago, Jefferson issued a dire warning. The truth was obfuscated with decades of faulty economic theory and QE pumping financial assets.** + +**We never listened. Now we must deal with the tyrannical, rent-seeking banking apparatus that has an iron grip over politics, economics and trade.** + +**The Revolution will not be televised.** + +&#x200B; + +\~\~\~\~\~ + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +# You can follow my Twitter at [Peruvian Bull](https://twitter.com/peruvian_bull). This is my only account, and I will not ask for financial or personal information. All others are scammers/impersonators. +Prepare your tits. + +# Exhibit 1 + +On **Feb 23, 2022**, ComputerShare posted this video: [https://youtu.be/ZdZXCJxs5fs](https://youtu.be/ZdZXCJxs5fs) with the part I’m referring to beginning at 2:32 but read on to get right to the juicy bits. + +Here are the screenshots of the important parts for this post: + +[ComputerShare administers over 12 million dematerialized or uncertificated holdings](https://preview.redd.it/mwap5x3nzb5a1.png?width=1792&format=png&auto=webp&s=d61d98feb28e7628c8b86cd023d8824e6356868b) + +[of which, approximately 8 million are pure DRS holdings](https://preview.redd.it/0txiupvszb5a1.png?width=1792&format=png&auto=webp&s=1114cb089f03ee229fb4d93ca6ce817d59f7fee9) + +[and 4 million are \\"book entry\\" plan relate](https://preview.redd.it/6qzc9l5cdc5a1.png?width=1792&format=png&auto=webp&s=8b6a2bd8bec3894a6cc582d52dce3ce1d2d2c191) + +In this video, they say that they manage over 12M dematerialized or uncertificated shares (*note that this total is not specific to GME only*) of which approximately 8M are pure DRS (*Book shares*) and 4M are book-entry plan related (*Plan shares*). + +**NOTE:** These descriptions have been updated to more accurately reflect the meanings of these terms. + +* **Dematerialized shares** are just digital shares, basically the paper certificates have been made digital and therefore have been dematerialized +* **Uncertificated shares** are just another name for dematerialized shares, there’s no physical certificate +* Don’t get confused by the term “book-entry” plan, those are the Plan shares + +Reminder that GameStop receives both Plan and Book numbers from ComputerShare, and also a reminder that this video content is not specific to GME. + +Something I want to note before we continue… this video was posted on Feb 23rd, but it likely took at least a month to make. I’ve been involved in the creation of YouTube videos for large corporations and there are a lot of steps, a lot of hoops to jump through, and a lot of approvals to get for each tiny thing. Someone has to write the script, get it proofed, approved, someone has to record the voiceover, that needs to be approved, edited, approved again, there are also all the graphics that need to be prepared and approved piece-meal as well as together in animation, the audio and visual components need to be put together… my point is it takes a long time, and I would expect that the numbers that ComputerShare presented were likely from around end of year 2021 rather than mid-Feb numbers. + +# Exhibit 2 + +In mid-March, GameStop released their [annual report](https://news.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) (pre-split) which noted: + +>As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +&#x200B; + +# Putting that together + +So there are a couple of possibilities here based on what ComputerShare says in their video… + +**Option 1:** about 1/3 of DRSed shares held by ComputerShare are for other companies, which strikes me as unlikely considering how quickly GME took top spot on give-a-share, how confused brokers were at the beginning, and how many people have been told by brokers that people asking for DRS are always asking for GME. + +**Option 2:** More likely (in my opinion) is that GME makes up most of the DRS shares that ComputerShare talked about. This was likely year-end 2021 data, so would have been before popcorn and towel stocks started to get on the DRS bandwagon. But… this one only makes sense if the numbers reported in GME’s 10-K are ONLY reporting book entry DRS shares. + +So if I'm correct that GME makes up the majority of these holdings at ComputerShare, and the % of shares purchased directly from ComputerShare hasn’t changed (those recurring direct purchases go into plan rather than book), then based on the video ComputerShare posted back in February we may actually have closer to 107M shares locked up (since 8 x 1.5 = 12… so 71.8 x 1.5 = 107.7). Maybe I’m overly optimistic, but I would guess that the percent of shares held in plan currently would be more than it was when we kicked off 2022, because I get the impression based on posts here on Reddit that more people have recurring purchases set up than they did in 2021. So... we might actually be a good amount over 107M. + +# TL;DRS + +ComputerShare released some numbers at the beginning of the year that, when compared to the numbers that GameStop released in their annual report, suggest that shares held at ComputerShare in **“Plan” are not part of the total that GameStop has been reporting**. So we actually probably already own way more of the float than we ever realized. + +I wonder what would happen if everyone converted those Plan shares to Book…? 🤔 + +Edit: updated the descriptors to more accurately reflect the meaning of those terms +Hello. I'd consider myself a leftist but I think it's important to see what "the other side" thinks about Marx and why. Obviously, there may be some truth in it. But I couldn't find much more than "human nature is too egoistic" and "planned economy doesn't work". + +So what are critiques by some true economists? +Seriously, how is anyone supposed to trust world markets, individual or revered bank, or billionaire when your nickel trade spikes, or your stock long beats the shorts, and they just turn off the machine? + +This is a fucking scam by the ‘Market Makers’…across all markets. + +Either they’re like Robinhood and they’re a scam to begin with and don’t have the collateral to back up their stated liquidity, or they’re like citadel rife with conflicts of interest. And holding short bags. Crypto or stock. I’m starting to think coinbase et al never bought anyones bitcoin, they just gave IOUs, and profited…and that’s why they can’t pay up now when you sell. + +It’s the same principle as DRS… + +Defi is the way. +Developed a very stupid habit of getting things on loans and financing & credit cards and it got at its worst end of last year. + +Started tackling this debt hard. I only have this £5k remaining and this will be cleared by the end of July. + +I refuse to get into debt again. This has been difficult to pay off, made a lot of sacrifices, haven’t had a vacation in 3 years because of materialistic impulses I wanted to spend my money on. + +Barely treated myself to anything since Christmas, just threw money at the debt. + +The biggest part of this for me was the mental aspect, knowing I had so much debt and no one knows, felt embarrassed about it. But it’s almost gone and I can continue with my life again. + +I moved to the USA last month, and once this is all paid I can finally start to enjoy my life again. + +Thank you to this sub - you have all be incredibly helpful over the last 6-8 months. +This subreddit is full of people talking about their aspirations to FIRE or how much they love it... + +To those who *have* FIRED: do you ever regret it? + +Maybe an investment didn’t work out as planned so money is tighter than expected. Or you miss work, or you’re bored. Or wish you’d spent money on that ski vacation back when you were young and healthy. + +Especially interested in hearing from anyone who has already FIRED (preferably who is 50+ and has at least one child) +I'm a 50-something mom to two 20-somethings. Two careers, one W-2 and one 1099. My husband has worked for the same employer for almost 30 years. Both of us came from nothing. We have worked our asses off to get where we are. No debt except our mortgage because we hardly buy anything we don't need, drive our cars for 13-15 years, cook at home 98% of the time - you get the idea. + +So, a little while ago, I started learning about crypto, which led me to Andrei on youtube. As a result, I recently caught this video titled, "How 2008 Will Happen Again" [https://www.youtube.com/watch?v=glhhCZJZZb0&list=LL&index=1](https://www.youtube.com/watch?v=glhhCZJZZb0&list=LL&index=1) + +Of course, I jumped over here and read this post that was the basis for the video: [https://www.reddit.com/r/Superstonk/comments/o0scoy/the\_bigger\_short\_how\_2008\_is\_repeating\_at\_a\_much/](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +Now, I follow DaveHContrarian on twitter and he has been talking about a big melt-up this summer followed by the biggest crash we've ever seen for a while now. But I kind of took it with a grain of salt because he's just one guy and no one can know anything for sure. + +But then Andrei explains it in a way that makes sense, and I came here and read that post and many of the comments. Lots of you said you were scared for your parents and called them. That's me. I'm your mom, with a dream of retiring in the very near future. + +So tomorrow I'm buying some GME. I'm also going to slowly start moving balances in our 401Ks into safer pastures. Everyone says to never do that. You can't time the market. Things will come back in the long run. Blah blah blah. But if this goes as bad as I'm starting to think it will, I'm taking the safe route. There is just too damn much on the line for us. + +If you want to have a conversation with your parents, maybe start with that video. The thing is, if you can get more GenXers on your side, you are golden. You know why? Because we know how to to wait. + +We walked home from school by ourselves in elementary school and waited for a parent to come home. In high school, we waited in long lines to buy concert tickets. On Friday nights, we waited at the meeting spot to hear from others where the party was gonna be. We waited outside the grocery store for just the right person to approach about buying us a six-pack. We waited with our kids outside of Gamestop to buy a Wii. And we waited in ToysRUs with our kids, sitting on that cold floor, to get that special pokemon they offered up. + +We definitely know how to wait. + +So I will buy, hold, and wait. I will also buy vinyl now and then from Gamestop for our vintage stereo I adore that a friend gifted us, as a way to support them. I'm a big fan of Gamestop. How could I not be? My boys bought and sold games all the time. We visited that store almost as much as we visited BlockBuster (RIP, dear one). I only wish I'd gotten here sooner. + +Am I an ape? I don't even know that that means, but that's okay. What I know is I'm a mom who sometimes cries herself to sleep, wishing so badly I was rich so I could help my kids and so many more because things have gotten so bad with housing costs and everything else. Every day I get more and more pissed at the 1%. Thank you for giving me one thing I can do to give some of them what they deserve. + +Edit: Wow, thanks for all the awards!!! Now please drink some water, get outside if you can (not if you are in the PNW obv), and remember there is more to life than money. Love, Mom +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! +Could anyone ELI5 what this would mean for typical people? On average this can supposedly save £1300 a year but this doesn’t come close to the proposed increases on our energy bills with octopus estimating a £750 January bill from our current £90 bill! + +I’m not considered one of the most vulnerable so am now terrified this could be the only help we’re getting. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Going to be lots of speculation on the NFT Marketplace, so I'll leave this small piece of advice for anyone reading the absolute amount of FUD out there regarding this topic. + +They're building a web based nft service, if anything, get them the practice they need for when MILLIONS want to use this service, cause it's going to happen. Not only that, but the more website traffic and free advertisement, the better. This company isn't about pushing its customer base away, they want more and they know what they're doing, and what they're capable of. Stepping into the industry myself, you have to be a workhorse to be able to withstand the WORK load provided by such a large project. They hired capable and willing people, because of you guys, who believe in the projects released by Gamestop. + +So with that said, you the people have to pat your selfs on the back for being able to help this come to fruition. Now,it's Gamestops' job and responsibility to decide what they want their customers to do with the products they drop, not the subs responsibility; you're here to enjoy the and provide some hard WORK for all the hard WORK you put in HODLIN over this last year! + +Please, you, the people, the creators, the players; If you feel that you can contribute in any way, give it a shot. Take those dragging knuckles, raise them up, hold your head high, and enjoy the new ability of NFT minting on Gamestops new NFT Marketplace! + +This is your time to shine! + +Buy Hodl DRS and welcome to big dumps in the Metaverse. + +Edit 1: To add for purpose of speculation - https://www.reddit.com/r/Superstonk/comments/roxwtq/microsoft_gamestop_and_the_speculatory_battle/?utm_source=share&utm_medium=web2x&context=3 + +I made a post prior to this speculating that Microsoft, the quiet tech giant, is in kahoots with Gamestop, Ethereum, LRC,(Potentially Alibaba), and Starlink, to upgrade their Azure Web Services, which Gamestop uses AzureWS in their storefronts, into a web3 integrated system that allows for minting. + +Now I know Bill gates has stepped down since last year for varied reasons, but one thing that does ring true with this man is this quote - "Content Is King" - and Microsoft as an entity abides by those words cause that is their business tactic. +I firmly believe something bigger is at play and right under everyones nose while every other tech giant is talking cheap. + +Also "time for pillow fights and 60's music" came the day after Microsoft announced its granted patent for helping companies under their web service mint their own tokens. + +Did someone say GMERICA? +>[The Wedbush analyst Dan Ives has now announced in a study that according to his estimates 650,000 Cybertrucks have already been pre-ordered – even though the production start is scheduled for the end of 2021 at the earliest. The large number of pre-orders is not unusual for the e-car manufacturer, and many pre-orders were also received for the Tesla Model 3. The analyst from Wedbush Securities adds that Tesla should deliver 175,000 to 200,000 cybertrucks in its first full year of delivery, i.e. 2022, in order to sufficiently satisfy the demand.](https://gryffintrading.com/2020/07/03/wedbush-analyst-teslas-cybertruck-is-said-to-have-already-received-650000-pre-orders/) + +Honestly Tesla just keeps coming out with good news, and Battery Day is now scheduled for september with probably even more good news. I Regret buying puts pretty hard tbh +Free cash flows represent the generated cash which belongs to owners[1](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-1) of a company. To calculate it, we need to find the cash from operating activities and subtract capital spending. + +We use cash from operating activities because it is after expenses[2](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-2) have been subtracted from revenues. Then we subtract the capital expenditures because that represents cash leaving the business to fund growth investments - think buying property for a factory or new machinery. + +*Note for non-beginners: This article only explains basic FCF, which is a simplification of free cash flows to the firm (FCFF). If you are a beginner, this will be enough to help you understand the concept, but definitely not enough for investing in stocks.* + +### Calculation + +We can calculate free cash flows as: Cash from operating activities - Capital Expenditures. + +FCF = CFO - CapEx + +Example of Computing Free Cash Flows from Verizon’s (NYSE:VZ) 2Q 2022 [Statement of Cash Flows](https://www.sec.gov/ix?doc=/Archives/edgar/data/732712/000073271222000043/vz-20220630.htm#i00d67274b0cc4403944f38098da35fab_13) + +From the above example, we compute FCF as: + +$ 17,665 +- $ 10,491 += $ 7,174 + +We use free cash flows to understand how much money is left for investors after most obligations have been met. This is similar to the amount of cash people are left with on their bank account after expenses. + +### Free Cash Flows vs. Profit + +Free cash flows are similar to profit[3](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-3) but attempt to approximate what a company gets in the bank, rather than what is considered as profit in the accountant’s book. + +### Practical Example + +In order to understand the difference between profit and FCF just think of what you bring to the bank vs. what you make from assets that are not cash. + +The most common non-cash items are D&A (depreciation & amortization) and SBC (stock based compensation). + +In calculating profit, you subtract D&A as an expense, but when looking at the cash flows, you add it back because no cash spending[4](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-4) actually happened. + +In the example of SBC, an employer may give workers company stock as part of their compensation. This is recorded as an expense, lowering your net profit. But since stocks are not cash, it gets added back to the cash flows, making them look bigger than profits. + +Edspira ([https://youtu.be/TAu8k6a3SPw](https://youtu.be/TAu8k6a3SPw)) has a great video on the differences between net income (profit) and cash from operating activities (What we use before subtracting CapEx). + +### Why is Free Cash Flow Important? + +FCF is important for investors. It is arguably a better measure of the company’s ability to produce cash. Ideally, profit and FCF should be the same number, but when they are not, lean towards trusting the cash flows. + +*Note: Executives have gotten more savvy at presenting the FCF output, and one should trust FCF numbers only if they truly understand them. Unfortunately, this article only explains the basics, which are not what finance professionals should use - ever.* + +References: + +[1](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-1) A.k.a. Investors, shareholders. + +[2](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-2) CFO = Net income + Non-cash items + change in working capital. + +[3](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-3) A.k.a. Earnings, net income, net profit. It is found in the income statement and represents what a company makes after all expenses are paid. + +[4](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-4) This is known as accrual accounting and for the purpose of our article we can imagine it as what is written down in the accounting books, as opposed to what is being transacted. + +&#x200B; + +If you liked the article, drop by my blog: + +[https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how) +Let's say I have 100 stocks of ABC @ $10 then after let's say 1 month the price is up by $3 now I have $300 in profit and I am predicting the price to go down by $1 in coming few days so in that case should I keep holding stock as I know the profit is going to decrease by $100 or should I sell and buy back again? +Risk: my prediction might go wrong and I can end up not buying that stock at that same price again. +What do you guys suggest in situations like this ? +Any help is appreciated. Thank you + It's been about two weeks now since I initially shared with you a tool that I had made in order to quickly buy into a new coin listing to take advantage of the initial surge in the price. + +I've spent the past two weeks, debugging, fixing and optimising this code to get it to a level where it actually works. It's been a challenge to test since I have to wait for a new coin order and then check if it broke or not, but I think I finally got there. + +Before I go explaining how the tool works, let me explain why I think that this particular strategy has some potential: + +As some of you may have noticed, many coins seem to go through to what I would like to call a "lightning-pump" during their first few seconds of being listed on an exchange. + +Have a look at ICP: + +https://preview.redd.it/t4v9v0a2m3k71.png?width=2650&format=png&auto=webp&s=8f8cae249025e9dc832036e275dcf30beeaf3aab + +In under a minute, the price of ICP shot up over 10 times, before slowly dipping into the void. Manually trading this 10x would be impossible, due to the speed required to catch this pump. + +So I started building a bot that would detect new coin listings in about 20 seconds of them being listed on Binance. + +It soon became quite clear that 20 seconds is way too slow to take advantage of the pump so I had to make it quicker. + +The second improvement enabled the trading algorithm to find a new coin and place a buy order in about 5 seconds. This was better but not great. + +Finally, I decided to remove all the breaks and just call the Binance API like crazy. Full steam ahead. + +The bot is now able to detect a new coin listing in 0.3 seconds and place an order. There haven't been any new coins listed after I made this improvement so I will let it run and share my results once I have them. + +I've also fixed any bugs that were caught by some of you that decided to test this out so thanks for that! + +For anyone interested in trying it out, I've included a test mode that will simulate placing orders so there's no risk involved. + +**For the GitHub source code please go here:** + +[https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) + +If you have any ideas on how to improve the stability or the speed of the code, please feel free to submit a PR. + I recently found this Token on the BSC that I would class as a hidden gem, and I’m here to share it to see what you crypto moonshoters think. + +I've been farming LAMA for weeks, 800% APR, doesn't go down like PancakeSwap does eventually. Cool site, cool community. + +The LAMA Token is “where the coolest llamas go yield farming, on Binance Smart Chain”. It is a pancake/goose finance fork with big ambitions to set this Llama aside from the herd. So, let me list the positives. + +Why LAMA? + +\- Low Market Cap \~$130k (meaning large X gains are highly possible) + +\- Good Dev Team (regularly post articles about the Defi space) + +\- 100% Transparent + +\- Smooth Website (farming is smooth and making me good gains) + +\- Excellent Road Map (exciting features on the way) + +\- Over A Month Old (proving this project is established and here to stay) + +\- SAFU (no migrator function no risk of ‘fast scam’) + +\- Fun Emerging Community + +\- SPIT (utility token with new uses, earnt by holding and farming with LAMA, this is HOT!) + +\- New Unique Lottery and Gambles (on the way in Q2) + +\- NFT Games and Collectables (who doesn’t want to collect Llamas? Coming Q3) + +It is hard to see any clear negatives with this project, but there are always areas a project can improve. LAMA has a lack of advertisement at the current time, but the Devs do plan to once the full product is established (so we are early)! Although the project seems to be quiet regarding price, I see this as a great opportunity to get a great buy time! Let me know what you think about LAMA. + +Links – + +Website: [https://llamaswap.finance/](https://llamaswap.finance/) + +BscScan: [https://bscscan.com/token/0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E?a=0xc79a2e763318580076f7609777b9862dc06886c1#tokenInfo](https://bscscan.com/token/0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E?a=0xc79a2e763318580076f7609777b9862dc06886c1#tokenInfo) + +Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E) + +Telegram: [https://t.me/LlamaSwap](https://t.me/LlamaSwap) + +Twitter: [https://twitter.com/llamaswap](https://twitter.com/llamaswap) + +Contact Address – 0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E +**Background:** Several weeks ago I accidentally purchased a $100 Starbucks E-gift card through the Chase.com website on my computer browser. I wanted to send my sibling a belated gift of direct money. Within 2-5 minutes of sending the money and realizing my mistake, I called Chase and Starbucks to cancel the transaction. Chase said they could not cancel it because the transaction was already completed and $100 had been debited from my checking account. A representative from Starbucks redirected me to Cashstar (the third-party company in charge of E-gifts). The Cashstar representative cancelled the transaction. + +I was supposed to refunded my $100 a month ago, but I have not seen my money yet. This is the summary of what has happened. + +**Chase:** + +* Their transaction history confirms that the money was debited from my account and sent out. +* They have not received any confirmation of any refunds or money returned, so as far as they are concerned, the money was released and cannot refund the money. +* I spoke to a branch associate who sat down with me for about 2 hours on the phone with Cashstar and Starbucks who both confirm that they never received the money because they cancelled the transaction/e-gift card -- "Chase must be responsible." +* Chase Internal investigation and Claims division "investigated" the matter and deemed they cannot refund me the money. The money was sent out and that's the only record they have. But they never contacted anyone OUTSIDE of Chase - and they refuse to. +* Chase directs me to Starbucks/Cashstar because they "MUST HAVE RECEIVED" the money. + +**Starbucks:** + +* The transaction happened online through Chase's platform so contact them. +* The transaction was for an e-gift card so contact Cashstar, because they handle online/e-gift card transactions. +* Starbucks records show that the card was cancelled and never processed. +* Starbucks has no record of money coming in. + +**Cashstar:** + +* Transaction and Card Number only yield an empty and unactivated card. +* Cashstar cannot see if money came in, only that it was cancelled. +* Cashstar claims that they do not see or handle any of the money directly -- I should contact either Chase or Starbucks. +* Cashstar redirects me to Chase regarding the refund because the money originally came out of my Chase bank account. + +**Me and My Sibling:** + +* My sibling and I received the regular e-gift card email with the code to open it, but it never opened and yields only a 404 page. The card doesn't exist. +* I am still missing $100 from my account. +* My sibling never received the $100. + + +I am at a loss as to where my $100 is. I keep getting redirected around and around and I have spent over 10 hours on the phone and at the Chase branch talking to people trying to get my $100 back. + +**My bank claims the money was sent out, the other companies say the money was never received.** + +**[Here is a visual summary of my experience.](https://imgur.com/ASiShfs)** + + +**EDIT:** **Thank you for the overwhelming support and suggestions from everyone.** I did not expect this post to pick up so much momentum. I tried to be as detailed as possible with my contacts with each company. I am in the process of getting my dates and details lined up to file for a CFPB complaint. I will update as necessary. + +I am sorry to hear about the others who have experienced similarly unresolved issues. I hope we can find a solution to all this. + +More than two weeks ago, I sat down with a Chase bank representative and we tried our best to do a conference call of Chase, Cashstar, and Starbucks. At one point, we had a Starbucks rep and a Cashstar supervisor on one line, and the Chase bank representative was on the line with the claims and quick-pay dept of Chase. Nothing was resolved. +Hey everyone, I’ve been trading stocks for about ten years now and within the past year have started with options and now my new favorite, thetagang! I was curious what peoples favorite YouTube channels are for stock analysis. Thanks! +My boyfriend is about to start a new job, so we are going through all the paperwork. The firm is a registered investment advisor with the SEC. As such, they need to perform due diligence to ensure there is no insider trading going on (And perhaps other reasons, but this is the only one I am aware of). I understand the importance of this, and am on board with helping facilitate this process. However the Employer is requiring *me*, as his live-together girlfriend (not wife, not legal partner) to disclose all my financial holdings on a monthly basis. (Monthly statements sent directly to them.) I don't even get monthly statements myself! (I get quarterly statements). + +They say this is a requirement from the SEC. Is there somewhere I could go to read up on the details of this requirement? Would it not suffice to sign an agreement that I will not purchase or be involved with any securities that could cause conflict for them? + +I find this request invasive. Personal finances are, well, personal and this does not sit right with me. At the same time, my boyfriend is quite excited for this job, and I don't want to kick up a fuss and start his job off on the wrong foot. + +Neither of us are very financial people. I am inexperienced with this stuff. His role at the company will not a financial one. + +So I feel a bit out of my depth dealing with this. What does /r/personalfinance think? Am I being too protective or paranoid? Are they overreaching their bounds? + +Thanks! +Today’s livestream and the shill infested daily comment thread amplifying the unrest caused from it is a prime example. Sure, the livestream was a little annoying, I stopped watching after a few minutes myself, but shills in the daily thread quickly picked up on that conflict and amplified it to a level where it seemed like Rome was burning to the ground. They’re going to take any real source of conflict from here on out and use it to sew as much chaos and dissent as possible. Fracturing this community is their reason for existing at this point. Let’s make their job as challenging as humanly possible. Love, unity, support, positive energy, those are the states of being that crush the shill mission. +If you are new to crypto be aware of crypto influencers/youtubers like Bitboy. He has over 1m subscribers and he has been scamming his own fans for years and then he later deletes the videos of those scam projects so new comers can't know what kind of person he is. Please be aware of this kind of scammers. + +This is what he charges for his videos: + +Dedicated Review: $35,000 + +Livestream Mention: $20,000 + +YouTube Interview: $40,000 + +Telegram AMA: $10,000 + +Website Article: $2,500 +Canopy had a bad quarter and the sector dropped hard. They lost 374 million while expectations was for a loss of 155 million. It is stunning how the love for that sector vanished within 6 months. Because money managers do not want to show they own weed stocks on their last results, I doubt we bounce much from here until Christmas. Even 5i Research who has been permabulls with certain stocks in major dowtrends, disrecommend buying because valuations are still too high. + +What do you think? Personally I am surprised that the sector is down more than Bitcoin relative to its high. +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) +Kind of hesitant to post this but i need the opinion of this sub. + +M late 30s, 3 kids under 12 +150k salary +1.5 mil IRA (stocks primarily) +900k primary home. Paid off. +50% owner of 6 rental properties. Paid off worth approximately 750k each. Generating 25k monthly + +I feel like I live a modest lifestyle. I dont have the latest gadgets. I own a 2015 Toyota Camry. I take 2 vacations (outside of the country) with my kiddos twice a year. A few mini vacations within the states as well. I dont spoil them, they dont have the latest playstation or PC or toys or $200 Jordans and I honestly feel guilty about it. I come from a very destitute background. Lived in a very rough neighborhood in a 1 bedroom apartment with my immediate family of 6 and 2 uncles. Cockroach infested house that prevented me from turning the lights on at night. Often times i held my bowel movements until the morning because I was so disgusted by seeing cockroaches everywhere. Clothing was handed down to me. + +I dont feel like I can simply loosen up and enjoy the moment. I'm not broke but still feel like i need to continue to hustle. + +Edit: 25k monthly rental income before all expenses and only half belongs to me. + +Edit: Purchased my 1st rental 4-plex at 19, 2nd 4-plex at 21. I sold the 2nd (top of the housing bubble) to pay the 1st and waited for the crash then leveraged the equity. +Last post re: earnings/documents wasn't taken so well even though I still stand by it but this is insanely bullish🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀for min character count +I've seen this question everywhere on this sub: "why did apple/tesla/[insert large growth company name here] growth so much so quick! They still haven't made a lot of profit! We are in a bubble!" + +Well, it is difficult to explain why to every person individually and this new video from Ben Felix explains the reason why expertly. + +https://youtu.be/foqswJT3Spc + +The conclusion the video comes to is that you should just stick to low cost index funds (preferably globally diversified) rather than investing into large cap growth or trying to find the next Apple or Amazon. + +**EDIT:** The definition of a "growth" company (as literally explained in the video) is a company that is "expensive" relative to the market. Expensive how? Well, relative to some fundamental ratio like P/B or P/E. Considering all the companies I have listed in my title have relatively high P/E and P/B ratios, you can say they are expensive. This makes them by definition a growth company. This isn't that hard to understand. If I said they are tech companies, no one would argue because they literally are tech companies. Well, just as much as they are tech companies, they are growth companies. They might not all be as expensive as each other, but relative to the market, they are expensive. + +I am not commenting about how all these companies are as overbought as each other, or they are the same in every metric, I just listed some large-cap growth companies based on the definition of growth being expensive. +Sister is 24 and has 100k in savings. She’ll be starting a job next year which pays 120k base + 50-70k bonus depending on how well her team does (she’s in investment banking). + +Lately she’s been stuck on the thought of buying instead of renting. We live an hour away from the CBD of Sydney so its understandable that she’d rather not have a lengthy commute given that she starts at 8am and often finishes past 10pm. + +She’s looked at a few apartments close to the city and most of them are 900k+ for 2 bedders. + +I feel like this a bad move and i’m not really one to give her advice. What are your thoughts on this situation? +With Coinbase bringing tons of attention and looking like it will have a sky high valuation many are going to be looking for cheaper c****o stocks. + +Mining stocks produce leveraged returns over the underlying asset, whether it's gold, silver, or bitcoin. + +* You are buying the profit (variable) minus costs (fixed). + +* Say it costs $10 to mine $11 worth of bitcoin/gold. That's $1 (10%) profit. + +* The asset doubles in price to $22 (+100%). Profit is $11 (+1100%). + +Evaluating miners can be daunting at first but they're actually very simple [quantifiable](https://static.seekingalpha.com/uploads/2021/3/12/49782598-16155711719714544_origin.png) operations with very little guesswork. By looking at [current](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176481499887147_origin.png) and [future](https://imgur.com/a/FS884xP) hashrate, electricity costs, and saved bitcoin we can value these companies with high precision at specific bitcoin price points. + +There are two ways to value these stocks. Based on [current hashrate](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176654693896902_origin.png) or [projected hashrate](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176645878387735_origin.png). Their proper value probably lies somewhere in between. + +With a very very modest 25PE (miners and hot tech stocks often go into the 100's) and bitcoin $100k (lower than most institutional estimates) we can calculate a [3.5-5.1x potential](https://imgur.com/w7uvlo5). + +Miners are a leveraged play on bitcoin like gold miners on gold. Their profit is the difference between the price floor to mine and price of bitcoin. Profitability data can be tracked [here](https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html#1y). + +Unlike leveraged bitcoin you can't be washed out. Unlike altc*ins you don't risk picking the wrong blockchain. They combine the upside of altc*ins with the inevitability of bitcoin but somehow get the least attention. This of course also means they are more volatile than bitcoin so you need an iron stomach. + +The public miners are in a race to secure hashrate and cheap power. With announced purchases we can calculate their [income](https://imgur.com/W2gRL0K). + +Miners are incentivized to [h*dl bitcoin](https://imgur.com/61rSlV9) and in some cases outright buy bitcoin for their balance sheets. This further increases price appreciation when bitcoin moves for the stocks with a high h*dl. + +Mara and Riot have the highest market caps being on Nasdaq. However, the pre-Nasdaq stocks' [market caps](https://imgur.com/aKzj0PG) are far behind what their hashrate should be valued. There are some massive [price dislocations](https://imgur.com/P9qxdCx) going on because of the Nasdaq barrier. + +[Blonity](https://www.youtube.com/channel/UCPJvLknI9JEwW_p4m8xaAow) is a great analyst in the sector and has created an all in one [BMXI indicator](https://imgur.com/V3wWOtS) which calculates the degree of undervalue of each stock based on these hashrate-to-marketcap discrepancies. This [playlist](https://www.youtube.com/playlist?list=PLuzv_eMtviCHnWJ9Irn-nqslzD1XV5xsY) explains in more detail how the indicators work. Note: DGHI & DMGI are new smallcap miners that were recently added and have less history than the rest and I wouldn't recommend making them a main position. + +A Nasdaq uplisting could be explosive for the OTC miners. However, Mara and Riot may outperform in the short term due to better accessibility. In the long term Mara has the most future hashrate secured and will dominate the scene. My strategy is to hold mostly OTC miners now then roll into the Nasdaq miners after the value gaps close. + +The biggest concern about miners (and what previous DDs here got wrong) is that mining is intensely competitive with little moat and they will lose marketshare as global hashpower ramps up. This is unfounded for multiple reasons. + +1. Asics and cheap megawatt energy & facilities are in short supply and they have bought up large shares for months to years into the future. Backlogs are huge. +1. Bitcoin's price and mining profitability has always appreciated [faster](https://imgur.com/0E73cNv) than the hashrate & difficulty so it's not an issue in the next year +1. Public money should give them a growth advantage and I asked Blonity to test this hypothesis and indeed they are gobbling up [marketshare](https://imgur.com/rj0yW27). + +These companies are also branching out. Argo has purchased a staking company, Hive & Hut8 do some GPU mining which can be used for AI/Rendering computation, some are buying bitcoin like Microstrategy, etc. They will evolve into general blockchain and data companies. + +We can [calculate](https://imgur.com/poG6ZP3) how many times their share price could multiply at $200k bitcoin at various PE ratios. Hot tech companies can have PE's in the 100's. They're currently trading around 3-4. + +This is the most asymmetric trade I've ever seen if you are bullish on bitcoin. With Coinbase around the corner I think these companies are going to get a lot of attention soon and the quiet pre-Nasdaq miners could have quite a run. + +Another great way to hold these is the [BLOK ETF](https://amplifyetfs.com/blok.html). It has surprisingly good holdings with all the pre-Nasdaq miners represented in the top 10 and I highly recommend it. It has some good exchanges and straight bitcoin funds as well and they will be [adding](https://www.youtube.com/watch?v=xKE1tAyCSyo) COIN. + +Some other resources [1](https://seekingalpha.com/article/4417795-sizing-up-12-bitcoin-mining-stocks) [2](https://www.youtube.com/channel/UCPJvLknI9JEwW_p4m8xaAow) [3](https://www.youtube.com/channel/UCmnlt28-isf3okeyjUVHVhQ) [4](https://www.realvision.com/shows/the-interview-crypto/videos/blockstream-the-benefits-of-investing-in-bitcoin-mining). +Once their fulfillment center is live they should be able to start being competitive with shipping times as well. I'm happy to support this amazing company by waiting a few days for my game and controller anyway. .. + +[Pre-owned @ Amazon 109.90](https://preview.redd.it/5hvs0u6bsxx61.png?width=1934&format=png&auto=webp&s=66114c5a8791dfa3bc37838bb79d7f167ad950ec) + +[Pre-owned @ GameStop 54.9](https://preview.redd.it/g26gzkeilxx61.png?width=2080&format=png&auto=webp&s=f3ae2ca28d98d75709747b8daeac74d4ec1e5e65) + +Who exactly is it that's going bankrupt? Because it sure as shit isn't GME! BULLISH AF pre and post MOASS!!! + +EDIT - ALT Title "Gamestop is crushing SOCAL-VGAMES!!!!!!! JACKED TO THE TITS!" thanks to u/ImActuallyUseless +37 years old, wife preggo, got denied unemployment (u.s.a), bachelor's degree in business mgmt, usually use reddit just to mess around, but desperately looking for help +Also a veteran +My fiancé and I pull in about 3.7K a month right now, my fiancé is going to get a pay paise in a few months though, so it will more realistically be around 4K. +We have our eyes on a place that is $1200 a month, all utilities included besides water and internet. +We have no debt, no large credit card payments, amazing credit score, etc. +We pay about 600 every 6 months on car insurance together. +We have over 20 thousand dollars saved up and put away in savings, that we plan to keep in savings to one day BUY a house, but in the meantime we are looking to rent. +His mom is telling him that we should continue to live with them and just keep saving up for a while, because we can’t afford to move out and keep on saving. She was telling him we’re not going to be able to save up much more, even though our rent is 1.2k and we make around 4K monthly. What do you guys think? +Perhaps I am naive to the ways of the world, but I thought I’d share my life lesson here for others who might meet the same fate as I. CHECK YOUR AUTO LOAN! CHECK YOUR CREDIT SCORE! + +My SO (then BF/now husband) picked out a new (er) car for me once we were engaged. I’d driven the car my parents got when I was 15 since I was 16. It was a Sunfire and let’s be real...after 12 years of me driving it and 1 year of my parents driving it...it was time to go. + +I had great credit and qualified easily for a loan and set up payments with the loaning bank for automatic bill pay. I got the car five years ago and was very excited knowing it would be paid off at the start of this year. Over the past 5 years since making the purchase I have gotten married, bought a forever home, had a child, and am pregnant with our second. I’m pretty on top of things and in charge of finances as my husband is notoriously bad with money. This January I see the car payment come out and read up on paying off an auto loan. I learned that sometimes a credit score will drop right after a big loan is paid off, but that it will bounce back within a few months. + +Cue February. No car payment comes out. No worries. I knew we had one or two payments left on the car so I assumed the final payment was made! Yay! I checked my credit score on credit karma to find that my score dropped some, but it was to be expected. I am now over the moon to have completed my first car loan! + +Today I decided to check my score again to see if it had in fact bounced back up. To my horror I discover my score has fallen an additional 78 points! I start digging and discover the car loan is claiming I never made the last payment. After being up all night with anxiety about the situation I get in contact with the bank this morning. It turns out that this bank ONLY accepts the final payment via phone or mail even with auto bill pay set up. This bank also will not let you set up online banking with them unless you also open a checking account with them. A loan account alone will not suffice. + +So the moral of the story is that despite being extremely financially responsible and doing everything I thought I should be doing - shit happens I guess. Make sure your final loan payment meets all the requirements of the bank and do not assume that auto bill pay ensures that your bill is paid. + +Side note: this bank also does not send paper OR email OR phone notices when a payment is missed. So despite 5 years of on time payments - there was no notification that the final payment did not occur. It was only checking my credit score that alerted me to the situation. Had I not checked it I hate to think the outcome given the account was now 90 days late. So now I’m coming to grips with my “fair” credit score and mostly thankful that I have no major purchases in the near future where my score would be needed. + +TLDR: make sure your final loan payment does not have to be made via phone or mail. It turns it that auto bill pay does not necessarily mean that payment is made if the bank has stipulations saying otherwise. + +Edit: Bank is BMO Harris. It is not local to me. + +Edit 2: For those asking - I live in Illinois where it has taken 2 months to get a new drivers license mailed to me. Where it takes months and months to renew a FOID card despite the only change being that you are a few years older and actually had it updated three years earlier when changing last names. This was my first car loan and I had no prior knowledge on the timeframe needed to process a legal document given how long everything else in this state takes. I had decided to reach out or look into it more if I didn’t get anything within the next month or so when all this went down. I’m feeling rather foolish about the entire thing and hope that sharing can help some others from potentially going down the same path. + +UPDATE: First - thanks for the advice on helping my credit score (as scammy as credit score can be). I just got the opportunity to sit down and call the bank (rascally two year old needed worn out before a long phone call was possible). It took some transferring around and initially they were going to have me submit some paperwork for review. I made sure to ask all the little questions suggested and point out 59 perfect payments previously and the lack of contact from them. This lead to the credit dispute person speaking to her supervisor. After she returned to the call she said her supervisor said to go ahead and bypass my submission and that they would submit a retraction with the credit places and that it should be resolved within 14 days. + +I rephrased everything she said they were doing to get a second confirmation I was understanding correctly. She verified and even said this is a recorded call so she is being completely direct with me and not just telling me what I want to hear. So hopefully in the next 14 days I will have a title in hand and my credit score will be sparkling again. Thanks again for everyone who encouraged me to call back and continue to ask to speak with whoever needed to make this go away. + I have acko insurance for my current (quite old) car just because they were offering very cheap rates. But I don't have any actual experience with them regarding claims and such. + +I booked a new car recently and acko is literally half the price of what the dealership is offering, so I was wondering if I should go with Acko... + +Do any of you guys have any claims etc experience with Acko and would you recommend it for a new car? + +Also, what is return to invoice add-on? Will it pay me the full invoice amount even if IDV is lesser than the invoice amount? + +Is engine cover add-on worth it? + + +Thanks +The comment section has done a fantastic job of expanding on this topic, the post includes comments from the comment section from fellow apes like you that really clarifies this whole conversation far beyond what I expected it to be. At the very least please read the comments highlighted in the post, it is a varying mix of views that highlights the different perspectives and facts surrounding this topic that might even give you a wrinkle! + +[The sentiment that GME requires market collapse is a trap, legal or otherwise, by hedge funds.](https://preview.redd.it/9wbid61vuye71.png?width=474&format=png&auto=webp&s=fd7e1640edb69c6edf62202983e9481ca6b1d8b7) + +&#x200B; + +All GME requires is for shorts to ~~cover~~ close. From day one, that is what GME's thesis has been. The amount of posts with sentiment that, "once the market collapses, gme is gonna moon" is sentiment that only paints us in a bad light and gets spotlight off the center of the thesis. Which is: + +&#x200B; + +Shorts did not ~~cover~~ close. Once Shorts ~~cover~~ close, GME moons. + +&#x200B; + +Apes, any sentiment that could be seen as memeing the collapse of the economy, put that meme energy and pressure towards the hedgefunds ~~covering~~ closing their shorts. Because we do not need the economy to collapse for shorts to ~~cover~~ close. The responsibility does not lie on the collapse of the economy to make them ~~cover~~ close, they can ~~cover~~ close anytime they want. + +&#x200B; + +They are just choosing not to. + +&#x200B; + +Shoutout to u/DrZombieZoidberg for pointing out in the comments shorts need to CLOSE not cover. + +\------------------------------------------------------------------------------------------------------------ + +u/WeLoveTheStonks offers a counter perspective, which I respect. + +>The amount of posts with sentiment that, "once the market collapses, gme is gonna moon" is sentiment that only paints us in a bad light and gets spotlight off the center of the thesis. + +Your logic for this post doesn't make any sense. Part B happening because of Part A, does not paint us in negative light. It is simply stating an opinion that is void of nefarious intent and based solely upon DD arrived at after months of peer review. + +\------------------------------------------------------------------------------------------------------------ + +u/AltoniusAmakiir says it best + +>The fact is that the market collapse is separate and inevitable. Could a GME squeeze be the wind that blows down the house of cards? Yes. But the economy won't be collapsing because of GME, it will be because it was setup to collapse already. If a major squeeze happened during a more stable economy the economy would be fine. It's not the squeeze but the overleverage and rampant speculation that are to blame. + +\----------------------------------------------------------------------------------------------------------- + +u/Cacoo correcting me on the OG thesis of GME + +I feel your intent but I have to call this out: + +>From day one, that is what GME's thesis has been + +This is not accurate. The thesis was that GME was an undervalued company with an opportunity to perform a successful digital transformation. GME still remains an undervalued company. + +Short interest is just an additional appeal of investing in the stock. And yes, all shorts are eventual buyers, it's just a matter of *when* (except in a successful death spiral of the company leading into bankruptcy, but with no debt, GME will not be going bankrupt anytime soon). + +\------------------------------------------------------------------------------------------------------------ + +u/Exceedingly brings a reality check to the post, it is very well put and I respect the adherence to the truth of the situation. The user is responding to a question I asked in the comments. We were going back and forth, but I hope this olive branch of highlighting this comment will show good will. I removed the first sentence so it reads better. + +>I'm an individual investor holding a stock I like, if hedge funds happen to have naked shorted meaning they need my shares back, then they can either pay their borrow fees forever or close the short position by buying my shares for a price I consider fair. +> +>I'm not causing a market crash, the illegal naked shorting did that. But at this point hedge funds cannot close their shorts without causing a crash. They've simply created too many synthetics, so this is all on them, not me. +> +>But the truth remains, no crash = no MOASS. The MOASS without a crash is simply any old short squeeze, not the mother of all short squeezes. + +\------------------------------------------------------------------------------------------------------------ + +u/Wiezgie Explains how the crash and MOASS are related + +>The money that will literally pay for the shorts to close will come from selling off all other stocks, which will cause them to drop. +> +>Even further, their short position is gauranteed to not only make the shorts bankrupt, but also cause the fed to literally print money to cover all the synthetic shares that arent even supposed to exist. +> +>Hence why GME Moon = Market collapse PLUS hyperinflation + +\-------------------------------------------------------------------------------------------------------- + +u/Regular-Box-6648 + +>Since the passing of this 300+ page ruling recently we know for sure they have regulation in place that allows GME to squeeze without immediately tanking the rest of the market. This requires cooperation from the shorties and some other entities though. If they don't - not our fault. The path has been paved for them. + +u/bhostess in response + +>This. They have been given the opportunity to lose without killing everything, they decided to say, "fuck you" instead. + +&#x200B; +* COVID-19 or coronavirus has significantly impacted the stock market. +* How should we respond to this unanticipated market plunge? +* What would be a winning investment strategy? + +Here’s the approach that I’m taking as a response to the market turmoil. I’m sharing my pick of the stocks that I plan to buy now as well as what I think is a good investment strategy. + +https://themetareview.com/turning-stock-market-plunge-into-an-opportunity-the-coronavirus-outbreak/ +It's been just about a year since I started making big life changes that have dropped me into an early and somewhat unexpected retirement. I thought I'd document (and share) a bit of this. Here's my story: + +I was 48 in 2018, am 50 now. Married, VHCOL (SF Bay Area), two kids (ages 15, 17). Career is a low level tech executive (director). + +In the Fall of 2018, I had a combination of health events that made me start wondering about my life...this included depression (I'm treating this), chest pain, ER visit, diabetes, abnormal EKG (everything is fine, thanks), my doc pointed our that I had a 40lb weight gain and a spike in (already high) blood pressure...I also felt an existential dread every time I thought about going to work. I was acting like an ass to my family, and just generally not very happy. This all despite a wonderful job managing an organization of top notch software engineers in a thriving company. I found myself just not caring about my teams, my managers, or my work. + +Fast forward to Feb of 2019. Depression was under control, my doc added another BP med, and I took some time to think about life and what I wanted. I've been tremendously lucky to be in the right place at the right time and once I pulled together a financial inventory, I wondered if I had "enough"...My investment assets stood just under $4.5M plus another $2M in home equity for our VHCOL residence. I posted in /r/financialindependence asking for advice and was more or less laughed out of the room - "you're already FI, are you just bragging now?"...but someone pointed me here. My confidence increased and I decided I needed to step back from working. + +Took a four month leave from my job, did some amazing traveling with the family, and after that talked to my boss. It was clear to both of us that I didn't really want to come back and we negotiated an exit path for me. I formally separated from the organization in the Fall of 2019. + +Financially, things are going just fine, I suppose. I'm very, very concentrated in a couple of tech stocks that I need to whittle down and haven't yet. About half my investments are in two tech stocks and half in 401ks predominately sitting in S&P index funds. I've been selling $40k/quarter of one tech stock for a year now to fund our cash needs. I also pulled $200k into a money market account as a hedge against a downturn in the market and a cushion for upcoming college bills (they'll start about 18 months from now). + +Net worth has increased from apx 6.5M to (ahem) almost 8M in that year (home equity hasn't really changed - maybe up 100k, all the gains are driven by appreciation in the stock market). My blood pressure has returned to near normal. I've lost 65lbs (I'm back down to my high school weight, actually). Diabetes went away with the weight loss. I exercise nearly every day, and I'd say I'm generally happier - even if at times I do feel isolated and lonely. I have zero desire to return to a job in tech right now. + +The wife and I have been looking at second homes - recently on Maui but also closer to home in the Sierras or in Oregon. I don't feel wealthy enough to buy the property I want, though. Dammit. + +Downsides include the often-mentioned lack of purpose (to be fair, I wasn't getting that from my job anyway, so that's not so much a change as an acknowledgement). It's hard because my friends work during the day and I usually spend evenings parenting my kids. Loneliness is an issue. I've taken to planning frequent trips: either short road trips or longer jaunts with or without other family members. Having more time to myself also highlights the weaknesses in my other relationships; Maybe more on that later. I have a couple of siblings who haven't been as lucky as I have - they flip between thinking I'm...lazy? a mooch? an idiot? a burden on society? someone who can't get a job?...and thinking I must be fantastically wealthy which makes them a little resentful that I haven't done anything to lessen their financial burdens. + +There's lots to do...I have chores that I am criminally remiss in getting done. These include: a viable will/estate plan, diversification of holdings, and consolidating our myriad accounts under one umbrella (likely centralizing into Vanguard, but we'll see). There's likely a bunch of college related stuff to do with my son. And hopefully that second home once I find the right property. + +Life, overall, is good. All the unhappy bits were also here when I was working - other than maybe a bit more boredom (though I was often bored at work, too). I've given myself permission to spend a little more freely (not that I was ever all that restrained) and I'm plotting adventures for the Spring and Summer. + +Am I fat? I don't feel that way...I think I'm comfortable. And, as I explain it to people who want to listen, I have enough money now to never have to do anything for cash that I don't want to ever again. I may not be able to fly private or drop $2M on that second house, but I do OK. + +(Are stories like this interesting? It feels a bit like self-stimulation to write all this, but I think it's good to document things once in a while and I enjoy reading other people's stories so I'm trying to give back. Feedback appreciated.) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'll turn 18 at the end of the month and I am looking to open a stock portfolio (worth $18 000). + +I have been looking at stocks like SPG, FLO, REG, T, ABBV. My aim is to look for stocks, which offer good passive income for the next decade or so. + +If somebody has any advice, then it would be well appreciated! +I have just 1 rental property and would like to increase units someday in the future. I've read that the main benefit to converting rental property to an LLC is liability protection. If someone gets injured on my property, I won't be personally liable for it but my business insurance would cover it. Are there other benefits I'm missing and what has your experience to convert to LLC. Has it been worth it? +***Obligatory: SIR, THIS IS A CASINO. This isn't financial advice in any way shape or form.*** + +TLDR: This run is going to end with the cannabis stocks back down 50-80% or more from the levels they are at. **$CRLBF** is the real play here for the smart players that want USA exposure to the legislation. *We just like the stocks now, not later.* + +Ok, listen up normies. + +Yeah I'm talking to the newbies specifically because the OGs here already know everything I'm about to share, but your insufferable groupthink and movement mentality shit pissed me off enough to make a post. **Don't post DD if you have no clue. Ask someone for help and take your ridicule until someone comes along to help you.** + +I used to post weekly DD on Sunday here a couple of years ago before one of you literally contacted my wife IRL. Not even kidding. So I made a new account. This is my first contribution back and I'm going to try and ensure some of you don't blow your chance at massive gains here by explaining ***what is actually going on.*** + +**CNBC and anybody telling you that this is just 'momentum' and 'sentiment' is lying to you. The hedge funds are playing these right along with us. Don't ask me for proof, this isn't Twitter. Reasons why they are playing with us:** + +1. When there is money to be made, hedge funds and HFT funds are there before you +2. The floats are so small on these they can take sizable positions on both sides and stand to have massive gains, all the while handing you guys the bags. + +That's all you need to know. + +So in response to all you posting "real DD" with why these companies are the best and you're going to hold to the moon and never sell: + +**I'm over it -- I can tell instantly how uninformed you are** when I read some poorly thought out DD about why CGC or TLRY or APHA is a long term play because they're talking about USA legislation. These are Canadian companies. Get your head back on straight. You're here for the trade and the bet, not for the fundamentals, and if that's it, then fine, ignore the rest of this post and pick an exit, and if not, read on so you don't hold more bags. + +This place has never been one to care for fundamentals, but let me talk some sense into you so you can post some gain porn and I can tell you to fuck off instead of you guys all yelling "MaNiPuLaTiOn ShOrT LaDdErS" + +Let's take a look at some of today's gainers: + +(changed tickers for automod avoidance) + +**$USMJay** \- Penny stock, worth absolute nothing for a reason + +**$SNDL** \- Up ridiculous amount, have a billion shares outstanding, just diluted them all the other day + +**$TeeRTeeC** \- Terra Tech, they grow weed, from all indications, do it poorly + +**$OhGeeEye** \- lol + +**$HUGE** \- Probably the only one in the lot worth a YOLO on the chance they get an acquisition like GW Pharma did but they don't have the same product portfolio or prospects GW has. + +&#x200B; + +Now, if you're simply playing this to get in and get out, **great for you**. The people saying (and believing) "$SNDL $10 EOW! HOLD THE LINE" and stuff like this are just absolutely brand new normies and are clueless, do not listen to them. If you yolo'd on cheap calls in Dec/Jan, congrats, take your gains and don't be like the $GME bagholders. + +If you're investing in any of the names I just posted above, expect any money you put in to at some point in the next 12 months be worth approximately 20% of what it is worth now. Literally. They're far worse than the main bunch (CGC, CRON, ACB, TLRY, APHA) but the main bunch is nothing to write home about either. + +&#x200B; + +# THIS IS WHAT IS REALLY HAPPENING: + +**Tilray had 40% short interest**. It's not $GME level, but it's pretty high. When the stock crested $40 it really started taking off, why though? Notice this week's FD option chain: + +&#x200B; + +https://preview.redd.it/kyqeiwljeug61.png?width=917&format=png&auto=webp&s=0c1b48e12518515f09582289bd7f8a4f47a09629 + +Tilray has a 95M share float, those 42 calls represent roughly 1.5M shares held as a hedge just by themselves. Previous to this run up, that represents roughly 5% of the average daily volume of the stock, BY ITSELF. Those are shares that until Monday can be considered removed from the float because they're held as a hedge. They may get loaned out to be shorted, but that will only speed up the squeeze here. + +***The important part: Today (2/10/21) the stock fell hard after open down to around 44 and found massive support all the way back to up 66. The most sold front week call? $40/$42 strikes. Premium when I screen shotted this? $22.20. Stocks going to pin above $60 for awhile likely, unless people are stupid enough to buy the OTM calls, in which case, it may squeeze itself higher.*** + +Smart hedge funds are going to pile into this, sell you the calls, shove the price up to keep selling you calls, then watch them all evaporate worthless in one of the future weeks in the chain, dump back the shares to help shove the price down, oh and did I mention? They shorted the top. + +&#x200B; + +https://preview.redd.it/ivy78woneug61.png?width=392&format=png&auto=webp&s=0604940c09126dc6d5b96a9cc5f17e4013ae5d9d + +It's just another plain old stock acting as a derivative of the option chain gamma squeeze. That's it, with a bit of short squeeze thrown in there and a WHOLE BUNCH of WSB fomo. The shorts are covering and pushing up the volume, likely re-shorting on the way up, and then you have WSB fomo'ing in to round out the total: a massive volume of 200 million shares today. You've got people that think this thing will skyrocket to 500+ (and it may) but the stakes get higher and higher each ladder up you take and the moves become more violent and more likely it comes all the way back down in short time the quicker it goes up. + +Might it get there? Sure. But be prepare to take profits when it does because... + +# ITS CALLED MEAN REVERSION. THIS CANT GO ON FOREVER. + +Not to mention, the moves you are seeing are in completely overvalued companies, with horrible fundamentals, and poor prospects. + +Oh what's that? CGC got some CBD treats for Martha, seems fitting that something ill is going on in this industry considering she went to prison for insider trading. If the dog treats get you excited about the stock, **Martha belongs here more than you do.** + +200M shares today means people who were long term bag holders cashed out and the shares have turned over the float two times in two days. That also means the shorts have turned over and are now short again. It means the HFT firms are feasting on all of you. It means Citadel is making a pile on the spreads. + +**What to take away: An amount of shares equal to the entire float has changed hands, or in other words, fewer reason for people to bag hold. Fewer people that have to hedge. Fewer people that have to cover. Fewer people to help stabilize any of these upper price tiers, and keep the price stable by holding, and more reason it's going to collapse sooner (or later).** + +But, this IS a casino after all... + +# Let's see what happened with TLRY last time this happened (oh, you're new here? Yeah, this isn't the first time): + +&#x200B; + +https://preview.redd.it/p652mvgreug61.png?width=587&format=png&auto=webp&s=d95f2b0ccf946717859bffb28601dfd29e999e0b + +Looks eerily familiar to something else recently. Last time this occurred it traded between $100 and $300 in a single week timeframe. + +For those of you that are new: **THIS IS NOT NORMAL. STOCKS DO NOT ALWAYS DO THIS. You are in the infancy of a new age of trading, but people still know, fundamentals matter a whole lot more than everyone is leading on, and these valuations are getting extremely overextended.** + +Eventually, in the first squeeze Tilray bled off until the pandemic hit and it piled down to $2.43 a share. At $2.43/share, I would have bought it. Even at $10/12/14. At these levels? You're just ultimately out of touch but I look forward to the loss porn. + +***So in short, again: Sir, this is a casino.*** + +&#x200B; + +Timeline of events, and how to not become a bagholder: + +1. $APHA earnings are good, stocks pop a bit, and level off +2. Legislators pull a pump and dump since they probably have calls and say planning on some laws regarding changing the schedule of cannabis (notice: we will likely NOT get outright legalization, just re-scheduling) +3. $CGC earnings are actually awful, with the caveat they have profitability on the horizon +4. $TLRY gets a UK deal +5. $TLRY starts going insane - since $APHA is a reverse merger with a .81 value share to share, it starts pumping, people start buying the lower priced cannabis stuff and entire sector starts moving on "overall strength" +6. There's no strength, there's a gamma squeeze backed by investor momentum, and a short squeeze on Tilray. +7. This is going to come back down violently then plateau out like GME and pull a slow bleed the rest of the way back down, just like the second graph I posted. There is no fundamental or even **POSSIBILITY** of better fundamentals immediately on US legislation. The cost to enter the US market will most definitely cause capex and goodwill capital outflows, and set back their profitability since there are established MSO's in the USA already. The USA opening the market to these companies will only further degrade the actual balance sheets/income statements and slow down profits and you know what institutions and shareholders like? **Yep. Profits.** +8. **Finally, how to not become a bag holder:** The market can stay irrational way, way, way longer than you expect. So this may go on for a bit, but refer back to 7. It's coming back down eventually, set expectations and pick your exit, or start to shave off your position as it goes up and let a portion of it run. Eventually, you have to sell to actually realize a gain, don't forget that. Once you do, close the chart, remove it from your watchlist, check back in on it in a month if you want to get back in when you have a clear head. + +The Canadian operators are literally the last companies I'd play off a US legislation play, and one of the only ones worth owning in $APHA for the arbitrage play on the shares. But if Tilray comes crashing back down, $APHA will as well along with all of them, and you have to hope you lose a lot less on $APHA crashing than you'll make on the arbitrage between the share price. + +THIS IS ALL JUST "SENTIMENT" BASED YOLOING BY THIS SUB. It has probably driven uneducated retail into the trades also - who will also become bag holders. + +&#x200B; + +***Let me put this in big letters for those of you that can only read big font and use crayons:*** + +# NONE OF THESE COMPANIES HAVE REAL USA MARKET EXPOSURE, THEY ARE CANADIAN COMPANIES. THEY DO NOT HAVE MARKET POSITIONING AND ARE NOT POISED TO TAKE ADVANTAGE OF US LEGALIZATION. + +*IF ANYTHING: IT WILL HURT THEIR BOTTOM LINE AND SET BACK EARNINGS BECAUSE OF CAPEX AND CASH OUTFLOWS TO GET A POSITION IN THE MARKET AND SOME OF THEM WILL GO OUT OF BUSINESS BECAUSE OF IT, WHILE OTHERS WILL FALL OUT OF PROFITIABILITY TO ENTER THE MARKET AND COMPETE WITH THE REAL PLAYERS*. + +&#x200B; + +*^(Who are the real players? (Cresco $CRLBF and Curaleaf $CURLF)* *^(- do your own DD or wait for a post next week)**\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*)* + +&#x200B; + +**Conclusion: Nobody should plan on holding these long term. Don't let someone else hand you bags like I did this morning at open on the pop unless you plan to hand your bags off and find the next play.** + +**You likely will not time the top. Pick a place you're ready to exit the trade, exit the trade or slowly shave your position, close the graphs and don't fomo back in. Just be done with the trade afterwards. You're likely not a cannabis multi millionaire and will not be one, unless you were loaded to the brim with low cost calls from last summer/fall or unless you literally yolo'd $10M into one of these a few weeks ago, and in that case, you belong here, congrats on your gains and fuck you.** + +**THIS IS A SECTOR/FOMO SQUEEZE. AND IT WILL END. THIS IS NOT SENTIMENT AND CNBC IS TROLLING US WITH IT LIKE WE HAVE THE POWER.** + +And if you think *WE* are the ones driving the price up, the hedge funds are definitely watching and playing and they can bring these down at will at almost any time they want. You're holding a lit molotov, the only question is: will you throw it before it blows up? + +The rest of you? Plz fuck off with you 20 shares @ $2 on Sundial, fuck off with the "HOLD THE LINE SNDL $10 EOW", fuck off with your fomo, and **fuck off with the "movement" and "lets push this to the sky" stuff and most importantly don't post DD if you have zero clue what is going on.** + +***You know what "lets push this to the sky" sounds like? Market manipulation.*** We're not in this together, I literally handed one of you a bag to hold this morning and even if they go up for another month, eventually, that bags gonna be heavy and I ain't coming back for it. I ain't tipping you either. + +**These prices are insanely high for these companies. The multiples are out of control, and if you buy in at these levels, well, best of luck, I hope it works out for you. I'm fighting the fomo of extended gains, and will continue to put my money elsewhere.** + +# SIR, THIS IS A CASINO. + +Positions: I had the meme stocks like you literally all of them minus ACB and CGC. I took gains and bought 500 shares of Cresco prob increasing to 1,000 tomorrow, and kept the rest off the table to pay my wife's boyfriend's rent. + +Disclaimer: I have Tilray puts I'm prepared to average down on and diamond hand like a real boss because this is coming back down. + +&#x200B; + +&#x200B; + +**Edit:** You know what I forgot to add? Some of the biggest holders, the cannabis ETFs and funds, you know what they did today? They trimmed their positions. And they will continue to do so because of fiduciary responsibility and when you de-concentrate shares into the retail's hands, the moves will get more and more finnicky and more and more violent. + +**Edit 2:** Some normie tried calling me out like I never saw this trade coming or am a hedge shill, [https://imgur.com/a/asAVkiC](https://imgur.com/a/asAVkiC) \- I had thousands of shares, these are just the trades from this month, and I'm not advocating a buy, I sold mostly all of them this morning except for adding Cresco back in. You want the gain numbers? You do the math, I'm not your math tutor, I sold like 6 minutes after open for most of them. I have Tilray puts for next week and will be buying a few months out at various strikes as it continues to climb. + +*Yeah, I think these are coming back down in price sooner rather than later, that isn't extraordinary information for a common sense person.* + +**Edit 3: I'm getting piles of messages from people who used to follow my DD back in 2018/2019. Yes, it's the real SoRefreshing, proof:** [**https://imgur.com/a/Pn5LqCe**](https://imgur.com/a/Pn5LqCe) + +Edit 4: Eh don't request me with "What should I do with XX" be a big adult grown up and decide your own risk tolerance and exits. I responded to the first 10 or so. Now I have 100. I can't. I disabled chat messages. + +Edit 5: jesus with the awards go buy TSLA calls this is WSB not fb/twtr disclaimer: have TSLA calls + +Edit 6: Oh look, they're pinning it around the $42 strike. Go figure. +The thought came to me as i saw this post + +https://www.indiewire.com/2018/10/chow-yun-fat-will-give-entire-fortune-to-charity-1202011765/ + +This guy is living the dream + +[Link is about chow yun fat a popular HK actor giving away MILLIONS to charity. Turns out he lived very frugal on just 107$ a month] + + +[S](https://imgur.com/a/N11XREp)o this is a warning more than anything. If you do spreads or any options strategy and you see someone say "Oh you won't be assigned early". This is the third time in 2 months I have been early assigned, this one is just a bit weird. + +Some guy bought my PLTR shares 2 weeks early for $4 more per share than they are worth. I had the shares so it wasn't an issue but just a reminder that you can always be assigned any contract at any time. + +&#x200B; + +&#x200B; + +https://preview.redd.it/bpohggonzq561.jpg?width=970&format=pjpg&auto=webp&s=73a4bf8ecb8b069dd20abfa355984f147d4218a2 +I was thinking of setting aside 10% of my stock portfolio for gambling. Not casino gambling but stock market gambling. Stocks, ETFs, Mutual Funds, and other investments I can buy through Fidelity Investments that have the potential to make me lots of money in a very short time, but also have the potential to drop rapidly in a period of market turmoil. + +Here is an example of what I am talking about: **TQQQ** (TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization.) + +If I had invested $10,000 in TQQQ ten years ago it would be worth $797,065 today. But it went for a wild ride during the last ten years. Even in an era of a booming stock market, it dropped 49.2% during a market correction. The worst was during last Spring when the COVID crisis scared the stock market. But if I ignored all the ups and downs I would be rich if I sold it today. + +During the last 12 months, TQQQ went up 172%. + +There are other investments that are similar. What do you think of putting some of your money in a similarly high risk but high potential reward investment? +Sometimes I'll look up houses that I could never afford and/or in areas that I'd never feasibly be able to move to (lack of job options, amenities, etc.) + +Am I the only one that does this? + +Latest one I was looking at was here [https://www.realestate.com.au/sold/property-house-tas-coles+bay-134814546](https://www.realestate.com.au/sold/property-house-tas-coles+bay-134814546) (after seeing a post in /r/australia on wineglass bay). Don't have the money and its in the middle of nowhere, but it's nice to dream sometimes. +My credit card company notified me immediately and asked if it was an authorized transaction. They promptly canceled the card. I still have the card in my possession so I'm not even sure how they got it to process. Maybe they picked up the number from an online transaction or restaurant and then fabricated a fake with a strip instead of the chip? Also, why a Smoothie King and what did they buy for $200?!? Maybe they were trying for gift cards or one of those tubs of protein and then possibly a cash return?? I'm only guessing....I'm confused by their actions.... +With dividend investing, one of our main focuses is to invest in steadily growing, stable businesses with a history of reliable performance, and the dividends themselves are a very nice bonus. So, with this in mind, I set out to create a monster dividend portfolio with the eventual goal of using dividends to supplement my income in retirement. I have some time before that happens, and in the meantime, this is a fun project for me. Since I have plenty of time before I retire, I'm reinvesting any dividends I earn back into securities and growing my positions. With some stocks I'm taking advantage of the Dividend Reinvestment Plan (DRIP), and with others I dedicate the dividend payouts to increasing underweight positions to keep my portfolio balanced. I invest in index funds and ETFs as well, but this discussion is primarily about my dividend/growth investing strategy. + +**The Methodology** + +*Important disclaimer: This may not be everyone's investment strategy. Always do your own research and invest at your own risk. None of this is meant to be financial advice and I am not a financial advisor. Also, if you don't like the companies I chose, don't buy stock in them. You are allowed to feel strongly about my choices, that's fine. My purpose is not to convince you to invest in a specific security, nor is this information meant to be indicative of a company’s future performance, this is only to share what I've done that works for me and it’s for discussion purposes only. Invest in stocks you believe in, and use a strategy that fits your investment goals.* + +To add context, I'm doing all of this in tax-advantaged accounts (traditional and Roth IRAs), and it's important to be aware of any tax liability you may ultimately have based on the type of account you invest in. The IRS also puts that pesky cap on how much you can contribute to your IRAs annually, so growing my balance with dividend-paying stocks is one way I’m choosing to maximize returns without exceeding the annual contribution limit. + +My initial formula for screening for dividend stocks worthy of my portfolio is the following: + +1. Select stocks that have a dividend yield greater than 0%. I only want stocks in this portfolio that pay a dividend. Stocks I believe are worthy of investment that don't pay a dividend are in a separate account (brokerage account), and this is for tax purposes. This is my personal preference, you may do it differently. + +2. I want stocks across all market capitalizations: very large cap, large cap, mid cap, small cap, and micro cap. The important thing is that they've demonstrated consistent growth and potential for further expansion over the long term. + +3. Because long-term growth is important, I selected companies that are growing their earnings per share (EPS) over the long-term. Additionally, I looked for companies with a history of increasing their dividend payouts over time (but not exponentially, because too high of a dividend yield can sometimes be a sign of trouble). **The bottom line here is I'm not chasing dividend yield. I'm focused on stable companies, and their dividends are part of the package deal**. + +I then decided on a set of criteria for making a final decision on a stock. These are some of the questions I asked to rule out any red flags: + +· What do earnings look like over the past 4 quarters? What about the last 5 years (I know COVID played a role in earnings for 2020 and it was a difficult year for everyone)? How have they done over a 10 year period, and over the lifetime of their business? + +· What does insider trading look like for this company? + +· Does the company have a reasonable dividend payout ratio? + +· Do they have a track record of revenue and earnings growth, and what is their long-term growth plan? + +· How do they make money? Is this a business model I understand? + +· Does this company serve as a model for the industry sector it belongs in, and is it worthy of being part of that percentage of my portfolio dedicated to that sector? + +**The Time-Consuming Part** + +**Operating under the premise that most people can't beat the market, and assuming I'm no exception**, I chose to use the market sector allocation of the S&P 500 as my blueprint for deciding how to weight my dividend portfolio. For example, information technology, 24%, financials, 11%, etc. I then proceeded to "trim the fat," so to speak, and researched the individual holdings in mutual/index funds like FXAIX and FZROX, ETFs such as VOO, NOBL, DGRO, and a few more sector specific and thematic ETFs (for example, IFRA, which is the iShares US Infrastructure ETF) to get an idea of which top performing dividend-growth stocks overlapped across the board. + +Why did I do this? Simple. Clearly there is a reason these funds have these particular stocks in common (and assuming they’ve consistently remained in the funds after rebalancing). For example, MSFT and AAPL are two holdings that are a common denominator in nearly every single index fund or ETF focused on either the total market, growth, technology sector-specific ETFs, or funds focused specifically on dividend aristocrats/dividend growers. + +I went through every single fund I listed, and a few more, line by line, stock by stock, and researched everything I could on each of those companies. There were some that took more time to dig into, and others I could immediately eliminate based on my screening criteria. It was time consuming, but I'm a research nerd and get hyper-focused, and not many people have the patience to do this (unless it’s your full-time job – in which case, it’s probably expected of you). Ultimately I narrowed it down to 84 domestic stocks that I now own in my portfolio. In case you were going to ask — I stuck with domestic for my dividend portfolio, because I get enough international exposure passively through indexing and ETFs, and it fits within my risk tolerance. + +**84 Individual Stocks? Seems Like A Lot of Effort… Why Not Just Buy an Index or ETF and Be Done?** + +Wouldn't that be less risky? Wouldn't this essentially achieve the same thing and give you better diversification and possibly better returns? Well, maybe. I mentioned above that indexing and buying ETFs is part of my strategy too. But my goal ultimately for this particular portfolio is dividends as additional income when I’m ready to retire, and with **more positions that pay dividends that I’m increasing consistently over time**, and provided the companies I invest in continue to pay their shareholders dividends, hopefully this objective is met. You can only earn a finite amount of dividends and capital gains from a single ETF or mutual/index fund, or even several of them across different themes and sectors without tying up all of your available capital. So, each type of investment strategy serves its purpose. + +Additionally, if you’re like me and choose to buy individual stocks – either because you want dividend income or you just like the companies you’re investing in, the general consensus is more stocks versus less stocks equals less risk because there is less concentration, as long as there is diversification across companies and industries. Although, concentration might be your goal in some cases, especially if there’s a particular sector you want to focus on at a certain point in time, and that’s fine too. So keeping that in mind, I believe I'm taking on less risk with 84 different stocks as opposed to owning just the 20 I originally started with at the inception of this portfolio. + +Here’s my other point: With index investing, you don’t have a lot of discretion to allocate your capital *exactly* the way you want. I have some OCD, so I like to know what's in my portfolio and why it's there. Indexing and buying ETFs are very powerful investment vehicles, and like I mentioned, it’s part of my strategy. I love picking stocks, but I also have no delusions that over time an index fund will probably beat me. That's why I also index in addition to stock picking. To be honest, though, I like to have some discretion by picking my own stocks for my dividend portfolio. My dream come true would be to have someone from iShares, Vanguard, or Fidelity approach me and ask me to build the perfect ETF. :) + +So, last note on this: expense ratios. Expense ratios are a necessary part of the management involved in maintaining index funds and ETFs, but because they can impact my returns, even if they're *extremely* low, my personal view on exposing my portfolio to them is "less is best." There is no expense ratio involved when I'm managing my portfolio myself and have the time to dedicate to market research and managing my accounts. + +Let's move on to the part that you've probably been waiting for — or skipped ahead to – my holdings. I suck at making tables on Reddit, so I’m just leaving it as a list. I also love learning what other people’s favorites are, just as much as your reasons for disliking a specific company. + +**TL,DR;** Please do your own research and come to your own conclusions, know what your risk tolerance is and how dividends fit into your own strategy. I am not a financial advisor and sometimes I don’t know what I’m doing. I just like these stocks. + +**Holdings By Market Sector and Sector Percentage of My Portfolio** + +**Information Technology (24%)** + +MSFT, AAPL, AVGO, CAN, V, ORCL, ADP + +**Health Care (11%)** + +JNJ, SYK, HCA, MDT, ABT + +**Consumer Discretionary (14%)** + +SBUX, HD, TXRH, TGT, GRMN, DRI, MCD, LOW, BBY, GPC, DKS + +**Financials (15%)** + +This sector is a bit overweight in my portfolio right now, so I will concentrate on increasing my positions in the other sectors with additional capital. + +BLK, NDAQ, COF, AXP, THG, HLI, ALL, SPGI, AFL, TROW + +**Communication Services (8%)** + +CMCSA, VZ, NXST + +**Industrials (8%)** + +WM, UNP, UPS, ITW, R, LII, DOV, XYL, RTX, HON, GGG, LECO, SWK, EXPD, CAT, TT, CSL, WTS, SNA + +**Consumer Staples (5%)** + +WMT, EL, HSY, MDLZ, COST + +**Materials (3%)** + +PKG, DOW, MLM, AVY, LIN, RS, PPG, SHW + +**Energy (2%)** + +XOM, NEE + +**Utilities (5%)** + +AWK, DTE, CPK, OTTR, IDA, SRE, HE, MSEX, PEG + +**Real Estate (5%)** + +O, MAA, SPG, ARE, EXR + +Currently, my rate of return for this particular portfolio is 11.97% YTD. Eventually I’ll be back with an update — it's early for me to report accurately on performance since I rolled over the entire balance of a previous 401K into this portfolio and added positions, and increased others. + +Edited for clarification about returns. + +Thanks for reading! +Hence, Hedge funds don't ever lose on option plays. The recent hype "dated" posts made apes lose so much in option trading. Simply don't trade options. + +I am not going to start this off by saying "I am smooth brained Ape with little knowledge blah blah..." No, I know what I am talking about and this is how the whole story develops: + +1. We get so hyped up from certain "dated" posts (DD) and we expect the price to shoot up in that specific date. +2. Market Makers/Hedge Funds create option calls and sell these calls to Apes and make a killing. Apes buy those calls thinking it's a win win for them. +3. Hedge Funds/MM look at the "calls" ratio and see it's very high, because of course Apes think they price will shoot up. +4. Hedge funds/MM buy "puts" against Apes' "calls". +5. Hedge funds/MM or aka "Shitadel" direct buy pressure or FOMO, if any, through dark pools and can even short the stock with very small amount of phantom shares. +6. The price tanks on that "hyped" date and Hedge Funds collect tendies from their puts. On the other hand, Apes get frustrated, helpless and powerless. "BTW that's the psychological war that they have been playing since Jan. They want you to hate the stock and wash your hands from it". +7. As you can see, they make money on both ways. Selling new call options to Apes and buying puts on the way down. +8. Rinse and repeat for the last 6 months and make millions of dollars off Apes. + +That's why I have been saying this since January. Apes will never win this war until they completely stay off options. Don't give them more ammo. Please don't. + +Furthermore, Apes need to downvote every hype post with specific "date". Or simply ask Mod to add a rule and ban dates. Just hodl, buy the dip whenever you can and wait for RC and his team to do something about this. Be fucking patient. Apes got this. + +- Low volume, doesn't matter +- FTD, doesn't matter +- Interest rate, doesn't matter +- TA, doesn't matter +- Exponential chart, doesn't matter +- REPO payment, doesn't matter +- Number of phantom shares, doesn't matter +- The Ken's ex wife story, doesn't matter +- s&p 400 or even 500, doesn't matter +- MACD, doesn't matter +- Positive Earnings, doesn't matter +- VWAP crossing, doesn't fucking matter +- Don't expect SEC or DTCC to do something about this. Apes are dealing with professional criminals who have been doing this for decades. + +The only thing that matters in this fight is RYAN Cohen. RC needs to act and take the matters into his own hands. I am sure he's working tirelessly and has a plan in place to expose the criminals and protect shareholders interest. Also, remember, besides fighting for apes, he's also fighting for his own 9,000,000 million shares and his future. + +Edit: the "we" in the title refers to "shareholders" who are interested in GME, not "we" the cult one. Aka, everyone is this sub is a shareholder and we all care about the future of the company. + +Edit 1: 9,001,000* + + +Edit 2: RC is well-aware that Apes can make or break his company. At the end of the day, we are the one who buy their products, not Hedge Funds. We already saved the company by buying its underlying stock. But most importantly, we continue to buy their products. I am sure he will fight to protect those who protected him. + + + + +![img](qj7ddk0ogfj61 "The following information was compiled over 2-3 months and put together by multiple sources to bring to you a 10BaggerClub official analysis.. + ") + + **DANAKALI LTD** + +**"Feed the World"** + +[**danakali.com.au**](http://danakali.com.au/) + +&#x200B; + +**DanaKali (DNK)** own 50% of the giant **Colluli Potash** **Project** in Eritrea + +The project sits in the world’s only Sulphate of Potash ‘SOP’ Super Basin + +[danakali.com.au/company presentation](https://www.danakali.com.au/images/stories/axs-announcements/2020/20200930_Company_Presentation.pdf) + +&#x200B; + +**Colluli is a Giant:** + +$200bn in ground value + +\+200 year mine life (JORC reserves, not resources) + +It is so large it has the potential to: + +Feed billions of people + +Save millions of lives + +Assure Food security for generations + +Eliminate the need for charity for the African continent + +Achieve goals set out by Bob Geldof & Bono + +Assist in Bill Gates fertilizer solution for Africa: + +[gatesnotes.com/Development/Why-I-love-fertilizer](https://www.gatesnotes.com/Development/Why-I-love-fertilizer) + +&#x200B; + +**Company Details:** + +Shares on Issue: 320 million + +Share price: $0.40 + +Market Cap: $120 million + +Dual Listed on **London’s (LSE)** **Main Board** + +Market Cap: £70m + +Dual Listed on **Frankfurt Stock Exchange** + +8% of DNK shares on issue are held by German investors + +DNK **American** Depository Receipts (ADR’s) are traded on the **OTC** [otcmarkets.com DNKLY](https://www.otcmarkets.com/stock/DNKLY/overview) + +&#x200B; + +**Fertilizer Prices are Rising:** + +[**bloomberg.com/huge-rally-in-food-prices-stoking-record-fertilizer-demand**](https://www.bloomberg.com/news/articles/2020-12-09/a-huge-rally-in-food-prices-is-stoking-record-fertilizer-demand) + +Soybean, wheat and corn prices are booming + +Potash Companies: Since March 2020 lows, Canadian potash giant Nutrien is up 90%, Mosaic is up 330% and Israel’s ICL is up 110% + +&#x200B; + +**10bagger call:** + +In August 2011 BHP made a hostile **US$40 billion** bid for Canada’s giant Potash Corp + +It was rejected by the Canadian government for national interest reasons + +But it set off a flurry of investment in global potash stocks + +&#x200B; + +**Danakali’s share price went from 10c to $6.25 (a 6,000% return) in a matter of months** + +Our analysis shows that DNK is worth more than its current $120 million market cap or 40c share price + +We believe the share price can easily reach **$4.00**and as such is our latest**10bagger** call + +We actually believe that over time it can become a **$10bn company**(similar to ICL, Eurochem, Mosaic & Nutrien) and go to**$30.00**per share + +Which would achieve similar high returns **(6,000%)** as we achieved in 2011/12 + +&#x200B; + +**UK LSE Main Board Listing:** + +DNK recently appointed **Canaccord Genuity** as their broker + +They commenced coverage with a BUY recommendation on the stock + +Neil Gregson (ex-head of **JPMorgan** Resources) runs DNK in the U.K + +**Hannam Partners UK** have an **80p ($1.40)** share price target on the company + +We predict that as the company grows it will enter the **FTSE small cap index** + +The index consists of the 351st to 619th largest-listed companies on the London Stock Exchange main board + +We predict massive buying by global funds plus London based ESG funds will be active due to the green movement gathering momentum across the globe + +&#x200B; + +**Whoever controls the Danakil Depression, will control the future of premium food production on Planet earth for the next 100 - 200 years:** + +Colluli sits at the very head of the Danakil Depression and has the only access to the port + +Whoever controls Colluli will control the world’s only SOP Super Basin + +It’s like owning all of the Gold in the Kalgoorlie district, Western Australia + +Or all of the Iron Ore in the Pilbara, Western Australia + +Or all of the Potash in Saskatchewan basin, Canada + +&#x200B; + +**ZERO CARBON POTASH** + +The majority of the world’s current SOP production comes via the Mannheim process + +Colluli will put an end to this environmentally disastrous process forever + +&#x200B; + +**ESG and sustainability:** + +In January 2019, a report was released by the **United Nations UNDP** that showed Colluli meets an unprecedented 13 of the 17 UN’s Sustainable Development Goals **(S.D.G’s)** + +&#x200B; + +[danakali.com.au/the-colluli-project/undp-report](https://www.danakali.com.au/the-colluli-project/undep-report) + +&#x200B; + +**Germany:** + +DNK has a large shareholder base in Germany + +This is result of coverage in The Gold Report [dergoldreport.de](https://www.dergoldreport.de/) + +In 2016, German based resources analyst Carsten Ringler placed a **$13.74** valuation on DNK + +&#x200B; + +**African Debt/Equity Providers:** + +**Africa Finance Corporation (AFC):** A US$6 billion bank based in Lagos have committed $100 million debt & $30 million of equity + +They are now DNK’s major shareholder with 16.5% of issued capital + +As far as we are aware at 10bagger, banks don’t buy equity in mining projects + +This is a true third-party validation to the quality of the project as banks always do their due diligence! + +[africafc.org](https://www.africafc.org/) + +&#x200B; + +**AfrExIm Bank:** A US$12 billion bank based in Cairo have committed $100 million debt [afreximbank.com](https://www.afreximbank.com/) + +&#x200B; + +**We predict the following developments for Colluli in the coming years:** + +**Using the existing port at Massawa - 210km’s from Colluli** + +&#x200B; + +**Stage 1**:– Production of 472,000 tonnes per annum (tpa) of Sulphate of Potash (SOP) + +Profits of US$100 million pa to DNK + +&#x200B; + +**Stage 2**: – Doubling of production to 950,000 tpa of SOP + +Profits of US$200 m pa to DNK + +NPV US$440m or A$600m. IRR 31% + +**Using a new port to be constructed at Anfile Bay - 70km’s from Colluli** + +&#x200B; + +**Stage 3**: – New port construction for higher capacity + +SOP production increases to 2 million tpa of SOP + +Profits expand to US$400m to DNK + +They immediately add rock salt (already mined and sitting on the surface as vast waste dumps) to the product portfolio possibly resulting an additional US$100m to DNK each year + +Industrial salt trades between $30t - $50t (huge applications in PVC with the replumbing of the whole of China on the cards in the next decade as well as use as a de-icing agent) + +&#x200B; + +**Stage 4**: – 2 million tpa of SOP production continues as Colluli quickly transitions into a Multi Agri business + +Rock salt continues + +1+ million tpa of Sulphate of Potash- Magnesia (SOPM) approximately $400t is added to the product portfolio + +1+ million tpa Kieserite – Magnesium Sulphate $80t - $100t is added to the product portfolio + +Profits increase to US$600 million per year + +&#x200B; + +**Stage 5**: – Massive expansion + +5 million tpa of SOP production & distribution + +Global elimination of environmentally disastrous Mannheim SOP production + +Rock salt stays steady + +SOPM production increases + +Kieserite production increases + +Gypsum is added to the product portfolio + +Colluli cements is status as an unrivalled, Tier 1 asset, dictating global food prices + +Profits to DNK explode to US$700 million per year + +&#x200B; + +**Stage 6:** + +Colluli Project reaches maximum capacity + +Production continues for the next 200 years + +As the lowest cost fertilizer company in the world + +A Tier 1 asset + +Profits per annum to DNK are at US$700 million per year for the next 200 years? + +Massive Dividends are paid out per year + +Stock price heads to $30 per share + +&#x200B; + +**Corporate activity:** + +In 2010 German’s **K+S** (Kali & Salz) took over Canada’s **Potash One** for CDN$434 million + +In October 2020 K+S sold their Salt-Business in the US for US$3.2 billion + +Colluli has a **billion tonnes of Rock-Salt,** not even talked about so would be attractive for this alone + +**ICL Group** took over **Allana Potash** in 2015 for CDN$162 million + +It sits on the Ethiopian side of the Danakil Depression + +[www.prnewswire.com/news-releases/icl-completes-its-acquisition-of-allana-potash](https://www.prnewswire.com/news-releases/icl-completes-its-acquisition-of-allana-potash-509067181.html) + +&#x200B; + +**Eurochem:** + +(Swiss-based Russian) wants Colluli to advance as they have a 10 year take or pay off-take agreement with DNK + +This will enable them to grow and expand/diversify into the highly strategic African continent and Indian subcontinent + +&#x200B; + +**Middle East groups:** + +Across the Red Sea and we have large Saudi and Dubai based chemical conglomerates that could easily supply funds for development or just take out DNK with little more than lunch money + +The Saudi’s are committed to diversify their own economy away from oil by 2030 + +&#x200B; + +**African Debt:** + +AFC have supplied US$100m in debt to the project, earning a nice annual percentage % return + +They are also DNK’s largest shareholder so they want Colluli to proceed as they are a bank and need a return on their investment + +The current CEO of AFC also sits on the DanaKali board + +Success with Colluli will cement the bank with not only enormous local but also international prestige + +&#x200B; + +**China:** + +Would be circling like vultures to get this asset + +We presume they are looking for project finance failure so they can swoop on an asset that will give them food security for the next 100 - 200 years + +This asset in the hands of the Chinese means exactly what you think it means … get ready for a Masterclass in global potash price monopolisation + +&#x200B; + +**Canadian giants:** + +The big Canadian potash miners (Nutrien and Mosaic) will be watching + +They would probably only come in once Colluli is in production and running smoothly but would happily write out a monster multi $Billion cheque + + +&#x200B; + +&#x200B; + +**This is why we are predicting:** + +**A 40c to $1 price target (imminent)** + +**A 40c to $4 price target (1- 2 years)** + +**A 40c to $30 price target (over the longer term of 3-5 years)** + +**DanaKali will become a cash printing machine and dividend paying giant for the next 200 years** + + + + +**Please remember to give a like for the effort put into this presentation, we hope you enjoyed it!** + +Disclaimer: \*\*\*High Risk\*\*\* + +The above analysis and in-production valuations are not intended as financial advice + +Analysis is based on various assumptions and opinions + +You are encouraged to do your own research (DYOR) on the company and their strategy/progress and make your own financial decisions + + + + +![img](qj7ddk0ogfj61 "The following information was compiled over 2-3 months and put together by multiple sources to bring to you a 10BaggerClub official analysis.. + ") + + **DANAKALI LTD** + +**"Feed the World"** + +[**danakali.com.au**](http://danakali.com.au/) + +&#x200B; + +**DanaKali (DNK)** own 50% of the giant **Colluli Potash** **Project** in Eritrea + +The project sits in the world’s only Sulphate of Potash ‘SOP’ Super Basin + +[danakali.com.au/company presentation](https://www.danakali.com.au/images/stories/axs-announcements/2020/20200930_Company_Presentation.pdf) + +&#x200B; + +**Colluli is a Giant:** + +$200bn in ground value + +\+200 year mine life (JORC reserves, not resources) + +It is so large it has the potential to: + +Feed billions of people + +Save millions of lives + +Assure Food security for generations + +Eliminate the need for charity for the African continent + +Achieve goals set out by Bob Geldof & Bono + +Assist in Bill Gates fertilizer solution for Africa: + +[gatesnotes.com/Development/Why-I-love-fertilizer](https://www.gatesnotes.com/Development/Why-I-love-fertilizer) + +&#x200B; + +**Company Details:** + +Shares on Issue: 320 million + +Share price: $0.40 + +Market Cap: $120 million + +Dual Listed on **London’s (LSE)** **Main Board** + +Market Cap: £70m + +Dual Listed on **Frankfurt Stock Exchange** + +8% of DNK shares on issue are held by German investors + +DNK **American** Depository Receipts (ADR’s) are traded on the **OTC** [otcmarkets.com DNKLY](https://www.otcmarkets.com/stock/DNKLY/overview) + +&#x200B; + +**Fertilizer Prices are Rising:** + +[**bloomberg.com/huge-rally-in-food-prices-stoking-record-fertilizer-demand**](https://www.bloomberg.com/news/articles/2020-12-09/a-huge-rally-in-food-prices-is-stoking-record-fertilizer-demand) + +Soybean, wheat and corn prices are booming + +Potash Companies: Since March 2020 lows, Canadian potash giant Nutrien is up 90%, Mosaic is up 330% and Israel’s ICL is up 110% + +&#x200B; + +**10bagger call:** + +In August 2011 BHP made a hostile **US$40 billion** bid for Canada’s giant Potash Corp + +It was rejected by the Canadian government for national interest reasons + +But it set off a flurry of investment in global potash stocks + +&#x200B; + +**Danakali’s share price went from 10c to $6.25 (a 6,000% return) in a matter of months** + +Our analysis shows that DNK is worth more than its current $120 million market cap or 40c share price + +We believe the share price can easily reach **$4.00**and as such is our latest**10bagger** call + +We actually believe that over time it can become a **$10bn company**(similar to ICL, Eurochem, Mosaic & Nutrien) and go to**$30.00**per share + +Which would achieve similar high returns **(6,000%)** as we achieved in 2011/12 + +&#x200B; + +**UK LSE Main Board Listing:** + +DNK recently appointed **Canaccord Genuity** as their broker + +They commenced coverage with a BUY recommendation on the stock + +Neil Gregson (ex-head of **JPMorgan** Resources) runs DNK in the U.K + +**Hannam Partners UK** have an **80p ($1.40)** share price target on the company + +We predict that as the company grows it will enter the **FTSE small cap index** + +The index consists of the 351st to 619th largest-listed companies on the London Stock Exchange main board + +We predict massive buying by global funds plus London based ESG funds will be active due to the green movement gathering momentum across the globe + +&#x200B; + +**Whoever controls the Danakil Depression, will control the future of premium food production on Planet earth for the next 100 - 200 years:** + +Colluli sits at the very head of the Danakil Depression and has the only access to the port + +Whoever controls Colluli will control the world’s only SOP Super Basin + +It’s like owning all of the Gold in the Kalgoorlie district, Western Australia + +Or all of the Iron Ore in the Pilbara, Western Australia + +Or all of the Potash in Saskatchewan basin, Canada + +&#x200B; + +**ZERO CARBON POTASH** + +The majority of the world’s current SOP production comes via the Mannheim process + +Colluli will put an end to this environmentally disastrous process forever + +&#x200B; + +**ESG and sustainability:** + +In January 2019, a report was released by the **United Nations UNDP** that showed Colluli meets an unprecedented 13 of the 17 UN’s Sustainable Development Goals **(S.D.G’s)** + +&#x200B; + +[danakali.com.au/the-colluli-project/undp-report](https://www.danakali.com.au/the-colluli-project/undep-report) + +&#x200B; + +**Germany:** + +DNK has a large shareholder base in Germany + +This is result of coverage in The Gold Report [dergoldreport.de](https://www.dergoldreport.de/) + +In 2016, German based resources analyst Carsten Ringler placed a **$13.74** valuation on DNK + +&#x200B; + +**African Debt/Equity Providers:** + +**Africa Finance Corporation (AFC):** A US$6 billion bank based in Lagos have committed $100 million debt & $30 million of equity + +They are now DNK’s major shareholder with 16.5% of issued capital + +As far as we are aware at 10bagger, banks don’t buy equity in mining projects + +This is a true third-party validation to the quality of the project as banks always do their due diligence! + +[africafc.org](https://www.africafc.org/) + +&#x200B; + +**AfrExIm Bank:** A US$12 billion bank based in Cairo have committed $100 million debt [afreximbank.com](https://www.afreximbank.com/) + +&#x200B; + +**We predict the following developments for Colluli in the coming years:** + +**Using the existing port at Massawa - 210km’s from Colluli** + +&#x200B; + +**Stage 1**:– Production of 472,000 tonnes per annum (tpa) of Sulphate of Potash (SOP) + +Profits of US$100 million pa to DNK + +&#x200B; + +**Stage 2**: – Doubling of production to 950,000 tpa of SOP + +Profits of US$200 m pa to DNK + +NPV US$440m or A$600m. IRR 31% + +**Using a new port to be constructed at Anfile Bay - 70km’s from Colluli** + +&#x200B; + +**Stage 3**: – New port construction for higher capacity + +SOP production increases to 2 million tpa of SOP + +Profits expand to US$400m to DNK + +They immediately add rock salt (already mined and sitting on the surface as vast waste dumps) to the product portfolio possibly resulting an additional US$100m to DNK each year + +Industrial salt trades between $30t - $50t (huge applications in PVC with the replumbing of the whole of China on the cards in the next decade as well as use as a de-icing agent) + +&#x200B; + +**Stage 4**: – 2 million tpa of SOP production continues as Colluli quickly transitions into a Multi Agri business + +Rock salt continues + +1+ million tpa of Sulphate of Potash- Magnesia (SOPM) approximately $400t is added to the product portfolio + +1+ million tpa Kieserite – Magnesium Sulphate $80t - $100t is added to the product portfolio + +Profits increase to US$600 million per year + +&#x200B; + +**Stage 5**: – Massive expansion + +5 million tpa of SOP production & distribution + +Global elimination of environmentally disastrous Mannheim SOP production + +Rock salt stays steady + +SOPM production increases + +Kieserite production increases + +Gypsum is added to the product portfolio + +Colluli cements is status as an unrivalled, Tier 1 asset, dictating global food prices + +Profits to DNK explode to US$700 million per year + +&#x200B; + +**Stage 6:** + +Colluli Project reaches maximum capacity + +Production continues for the next 200 years + +As the lowest cost fertilizer company in the world + +A Tier 1 asset + +Profits per annum to DNK are at US$700 million per year for the next 200 years? + +Massive Dividends are paid out per year + +Stock price heads to $30 per share + +&#x200B; + +**Corporate activity:** + +In 2010 German’s **K+S** (Kali & Salz) took over Canada’s **Potash One** for CDN$434 million + +In October 2020 K+S sold their Salt-Business in the US for US$3.2 billion + +Colluli has a **billion tonnes of Rock-Salt,** not even talked about so would be attractive for this alone + +**ICL Group** took over **Allana Potash** in 2015 for CDN$162 million + +It sits on the Ethiopian side of the Danakil Depression + +[www.prnewswire.com/news-releases/icl-completes-its-acquisition-of-allana-potash](https://www.prnewswire.com/news-releases/icl-completes-its-acquisition-of-allana-potash-509067181.html) + +&#x200B; + +**Eurochem:** + +(Swiss-based Russian) wants Colluli to advance as they have a 10 year take or pay off-take agreement with DNK + +This will enable them to grow and expand/diversify into the highly strategic African continent and Indian subcontinent + +&#x200B; + +**Middle East groups:** + +Across the Red Sea and we have large Saudi and Dubai based chemical conglomerates that could easily supply funds for development or just take out DNK with little more than lunch money + +The Saudi’s are committed to diversify their own economy away from oil by 2030 + +&#x200B; + +**African Debt:** + +AFC have supplied US$100m in debt to the project, earning a nice annual percentage % return + +They are also DNK’s largest shareholder so they want Colluli to proceed as they are a bank and need a return on their investment + +The current CEO of AFC also sits on the DanaKali board + +Success with Colluli will cement the bank with not only enormous local but also international prestige + +&#x200B; + +**China:** + +Would be circling like vultures to get this asset + +We presume they are looking for project finance failure so they can swoop on an asset that will give them food security for the next 100 - 200 years + +This asset in the hands of the Chinese means exactly what you think it means … get ready for a Masterclass in global potash price monopolisation + +&#x200B; + +**Canadian giants:** + +The big Canadian potash miners (Nutrien and Mosaic) will be watching + +They would probably only come in once Colluli is in production and running smoothly but would happily write out a monster multi $Billion cheque + + +&#x200B; + +&#x200B; + +**This is why we are predicting:** + +**A 40c to $1 price target (imminent)** + +**A 40c to $4 price target (1- 2 years)** + +**A 40c to $30 price target (over the longer term of 3-5 years)** + +**DanaKali will become a cash printing machine and dividend paying giant for the next 200 years** + + + + +**Please remember to give a like for the effort put into this presentation, we hope you enjoyed it!** + +Disclaimer: \*\*\*High Risk\*\*\* + +The above analysis and in-production valuations are not intended as financial advice + +Analysis is based on various assumptions and opinions + +You are encouraged to do your own research (DYOR) on the company and their strategy/progress and make your own financial decisions +https://www.cnn.com/2020/10/04/business/unemployed-workers-permanent-job-losses/index.html + +The number of unemployed who have lost a permanent job, or had a temporary job has come to an end, has soared in the past seven months, from 1.9 million in February, to 4.5 million in September. + +The number of unemployed who are out of work due to the end of temporary jobs has also been rising rapidly over the last seven months, increasing by nearly 100,000. Many of those workers were used to moving from one job to another and now haven't been able to find the next job as normal. + +Most of those who now permanently out of work have lost long-term jobs, many that they held for much of their career. +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! + +Curious about this community's opinion on the best place to put money being saved towards a house. Does it make sense to put the money into a fund like VTSAX in a taxable account? For some context, I don't really have a particular timeline so it's not like I absolutely need the money within a year or anything. But let's say it takes me 5 years to decide I want to buy a house -- wouldn't it make more sense to at least try to get some returns on the money and use those towards a down payment rather than just let it sit in cash for that long? This would of course be after I’ve maxed out my tax advantaged retirement accounts. + +Thanks in advance for any input! +Without going into specific strategy details, I'm wondering how much success people are seeing with "simple" vs "complex" strategies. For the sake of argument, assume "complex" to mean rigorous mathematical analysis, AI/ML, etc., and "simple" to mean some combination of existing indicators, data and simple logic. +So I’m sure you’ve all noticed the rapid increase in short interest, shares borrowed, and cost to borrow recently.  There will probably be a bunch of FTDs soon too. + +Why? + +The obvious answer is that SHFs are shorting the hell out of the stock.  But it’s wrong.  In the past they shorted the hell out of it without increasing these metrics.  And our stock’s price movement doesn’t really feel like it’s being shorted to hell right now, not anymore than it usually is.  A more likely answer is that one of the retail brokerages is exiting its swap positions with a short hedge fund. + +What do I mean? + +Remember back during the sneeze when short interest was way above 100% and FTDs were all the rage?  But hedge funds needed to convince the public that they had “closed” so they needed to fix the short interest and FTD data.  Swaps were the secret to that. + +How does a swap hide short interest? + +Short interest reporting accounts for a firm’s net position.  It doesn’t account for positive or negative balances within a firm’s internal accounts.  Suppose that Shitadel short sells 75,000,000 shares of GME to apes with Fidelity accounts.  That causes Fidelity to have a net +75m shares and Shitadel to have a net -75m shares.  This gets reported as a short interest of 75 million shares. + +Suppose that instead of Shitadel, it’s Fidelity that is shorting the stock.  Fidelity sells 75,000,000 shares to apes with Fidelity accounts.  That causes Fidelity to have (75,000,000 - 75,000,000) net 0 shares.  This gets reported as a short interest of 0 shares. + +But this isn’t really Fidelity’s game so why would they take open this huge short position?  The answer is that Shitadel is paying them for an equity return swap position that gives Shitadel equivalent exposure to being short the 75m shares.  Fidelity’s side of the swap makes them equivalently long to 75m shares, which isn’t their game either, so they short shares to their own customers to hedge the long position so that they’re effectively neutral.  This is how the short interest disappeared after the sneeze. + +What else does a swap do? + +These swaps do a few other cool things for the short hedge funds, beyond just hiding short interest.  Let’s talk about stock borrowing and delivery. + +Stock delivery occurs at the NSCC when a broker sells a stock to another broker.  They net up all their transactions, realize that Smellvin Capital owes 69,000,000 shares to Vanguard, and that creates a delivery obligation.  Smellvin doesn’t actual have 69,000,000 shares to deliver so they need to borrow 69,000,000 shares to deliver.  Well, turns out they can’t do that either.  That’s how you end up with Smellvin not being able to deliver those shares, resulting in a failure to deliver (FTD). + +But what if Vanguard short sold stocks to its own customers.  There’s no stock to deliver to another broker at the NSCC, it’s just an accounting thing in their own books.  So no delivery occurs.  And because no delivery occurs, no fail to deliver happens.  This is how the FTDs disappeared after the sneeze. + +Likewise because Vanguard doesn’t have to deliver to itself, there’s no need to borrow the stock to make delivery.  So the number of borrowed shares plunges. + +Another “benefit” of this is that there’s a lot of rules about which customer-owned shares a broker can lend out.  You can only lend out shares in margin accounts, and then only up to 140% of the value of the amount of margin being used.  A margin account might have no margin actually being used, in which case the broker is not supposed to lend out the shares because they are considered fully-paid, like a cash account.  This really limits the ability of a broker to lend shares to shorts when apes are conscientiously keeping their accounts off margin because they think their broker will actually have their shares. + +It’s different if the broker is shorting to its own customers.  Again, there’s no need to lend, or borrow, or deliver.  +1 offsets -1 and the brokers net position is 0.  So even if you’re in a cash account, they don’t actually need to have a share for you if it offsets their own negative position. + +How can a broker not have my shares? + +SEA 240.15c3-3 covers when a broker is required to hold a share for you.  It’s about 200 pages long.  About 5 of those pages are “you need to own the stocks your customers think you own”.  The other 195 pages all start with “unless”. + +The most important sections of this law for us are (d) and (n).  In (d) the SEA requires that a broker possess the security for a fully-paid customer (that means they can’t use margin as an excuse to not possess it) who has held the stock for at least 30 calendar days.  There’s a bunch of “unless” clauses surrounding that which give the broker room to wiggle out of that responsibility. + +If you’re curious (d) is why the shares borrowed is always higher than the short interest.  Shares borrowed = short interest (firm to firm shorting) + internal firm shorting to its own customers where the firm has needed to obtain custody of a share to meet the requirements of (d).  The broker doesn’t buy the stock to meet (d), that would change their position.  They just borrow the stock to meet the custody requirement. + +Like I said the requirements of (d) are surrounded by “unless” clauses.  My favorite is (n) which allows endless time extensions at the discretion of industry self-regulators for things like “the market isn’t liquid enough for us to obtain custody of these shares but we’re doing our very best, pinky promise!” + +So what exactly does this mean? + +This shows how swaps can be used to hide short interest, FTDs, and allow the creation of CFDs in a market where we think we’re being promised real shares.  This is how the massive short position against GME was hidden after the sneeze. + +So what about the rising short interest, borrowed shares, and cost to borrow? + +The most likely reason these metrics are increasing is because one of the retail brokers is closing its swap agreements with a short hedge fund.  Because the broker no longer has a long exposure from the swap, they buy to close their short position against their own clients.  This causes the broker to become net long.  At the same time because the swap is being closed the hedge fund loses its short exposure it was getting from the swap.  In order to maintain its overall short position the hedge fund is selling (short) shares to the broker.  This causes the hedge fund to become net short. + +Because the hedge fund is becoming net short in actual shares, this gets reported as short interest.  Likewise they need to borrow shares for settlement on T+2 resulting in an increase in shares borrowed and cost to borrow.  Depending on the extent of how much of the short position is being moved from shorts hidden by swaps to an exposed short position, this may end up causing an increase in FTDs. + +DRS may also be having an effect here, as every share that gets DRSed is a share that brokers lose the ability to turn into a CFD. + +TL;DR: The increase in short interest, stock borrowing, and cost to borrow is most likely primarily a result of a retail broker closing swap positions with a hedge fund, forcing exposure of a previously hidden short position. +It all started last April when things crashed I bought dividend stocks and several REITS 15k worth and was making around $105 dollars a month in dividends ....but around October I knew I could get a better return and when a tech flash crash happened sold all of my dividend positions and bought big cap and small cap growth stocks ...from October till December I made 62k from that original 15 and now i have a total of 97k a couple of months later. + +I really tried the dividend way of life but it wasn’t for me ........ +Hey, working a really good job especially at my age (20). I still live at home and am willing to invest most of my income in dividends. All I need is some suggestions on some steady yielding safe dividends that could pay out monthly. + +I’m also in canada, any advice is appreciated thanks +1) Other than getting the money from loans, debts, share dilution, how is this possible? + +2) Does this just mean they are getting paid in advance by their clients? + +I’m analysing Pinduoduo stock and saw they are losing money with revenue increasing and their FCF is also increasing so I’m wondering how this is possible, thanks. +So, i devised a day trading strategy (~50 trades per day). I have minute candlesticks from 2000 until now. I backtested my strategy on the dataset and it performs exceedingly well on the dataset. The return on each single month is extremely consistent with only few months being actually negative (very bearish periods). Overall, it has an annualized 40% return, with low variance year by year. And this is without counting a couple of crazy years where it was up 200%. +I started paper trading my algo and it matches the backtesting on the same day very closely. +I am a very skeptical person by nature, so I know there MUST be something wrong. The startegy, although quite original, is very trivial and based on simple indicators, and I coded it in a month in spare time. I am a very expert software engineer, but a novice in algo trading. +I'll start testing with small sums on Monday and see how it goes. I also am unclear if and how much the performance decreases as my investment size increases. +I know there are no free lunches, I know there are no easy get-rich-quick schemes, so I wonder, what am I missing? I expect some discrepancy on real trading, but how much can it possibly be? I find it completely impossible to believe that such a simple strategy behaves so well, so I really don't know what to do in front of this evidence. +Hey team! I am mostly retired from my business but still need to tend to it on a limited basis. I’m considering buying a small plane for short hops from my vacation home to my office (125 miles) so I can go to work and back same day, 1-2 days per week 6 months a year. + +Considering a Cirrus SR22 or Vision Jet. Several of the instructors at the local airport would be happy to pilot for me and hang around and take me back. I am not planning on getting my own pilot license. + +Has anyone used a small plane like this to “commute” to work? + +Any advice on owning a plane and using it this infrequently vs other options? + +Thanks! +Ignoring the obviously loaded title, I've been with RBC forever just because my parents were and I never felt any strong inclination to change. But now that earning more and being more proactive about investing RBC just seems significantly worse across the board. + + + +Whether you compare them to small or other large banks their rates for HISA, GIC, credit cards just seem to be lower, sometimes significantly. Is there some benefit I'm not realizing or is this just the way it is? +There are a ton of posts on here by people wanting to increase their salary - some because that's what they aspire to, some because that's what they need to either get comfortable, or move to the next stage of their lives (property, kids, retirement plans etc). + +I do wonder, however, if some people don't always realise what that's going to involve. In almost all cases, a higher salary comes with more serious responsibilities, or other sacrifices of some sort - and I think it's important to recognise that it is a real tradeoff. I'm not suggesting it isn't worth it, but I worry a little when I see a ton of posts from people getting paid maybe £30K now, who see a clear path to, say, a Director role on £100K in 10 years as if that's a simple journey with happiness and satisfaction at the end of it. + +There's a reason why some jobs are paid more than others. In some cases it's a simple supply / demand timing thing - for example from my position of ignorance, it sounds like the salaries coders are getting paid right now is an accident of timing, with demand rising faster than people can adjust to put themselves in a position to supply those skills. + +Other trades, thought, to make the money you're giving something up. It seems an accepted fact that plumbers make a ton of money, for example - well, that's great, but it also seems to be a fact that it'll destroy your body in pretty quick time. + +Making it to the big director salaries also might be pictured as a great life, fat cat making six figures and living the high life. However, that also generally comes with pressures you can't imagine as a more junior person. I work in recruitment now, and see a good range of job roles and senior people, and I do think it's important to recognise what these roles entail. For a start, it's a hell of a lot easier to lose your job for reasons that were outside of your control the more senior you get. + +I've worked at (small company) MD level, and there are decisions to make there that are genuinely tough. If you really aspire to that kind of job and money, ask yourself if you're prepared to, for example, lay off people who've worked there for 20 years because even after training and performance reviews galore they can't do what you need them to, despite trying their hardest. Crying on their way out of the door. You're ruining people's lives - and that's not a criticism, it's what the job demands sometimes. I didn't want to do it any more - might be viewed as weak, but I don't care, I just didn't want the money that badly. + +Tl;dr - bigger money means a tougher job, mostly. Be sure you want the money badly enough to deal with the crap that comes with it. How much do you need ? +Now I will admit, I am a very smooth brained ape that has been holding GME for nearly 6 months (what a ride, right?). + +I'm sitting here having my cup of coffee and I've been seeing an awful lot of talk saying "this could be it" or "it's happening", the thought then popped into my head that if any form of squeeze happens within the next week then I assume its because the Hedgies want as many people to take profit and sell their shares before the MOASS actually starts. + +The sittuation with GME has been minorly predictable since I invested back in December, well, the Hedgies tactics have been anyway. + +Im not saying any sort of squeeze will start before the meeting, all I'm saying is if the squeeze does infact start withing the next 3 days then it is because the Hedgies wanted it to, not because its time. + +Buy, Hold and for the love of all things good in the world, if you havnt voted but you can, please do it! Voting honestly takes less than 3 minutes to do, it's super easy and every single vote counts so please do your bit. + +If your friend drives you around 24/7 because you don't have a car and you never offer them petrol money then you are taking advantage of someone trying to help, your just tagging along for the ride without offering anything in return, this is what having the ability to vote but choosing not to do it looks like. So again I say please vote! + +This is in no way financial advice, I'm literally just sitting here with a cup of coffee and a cigarette venting my thoughts and my opinion to a community I truely love and who has already changed my life. + +Apes together strong! 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Oh, I almost forgot:💎🙌💎🙌💎🙌🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎🙌💎🙌💎🙌 +I believe this case specifically gives clarification that Computershare is deemed a financial institute for the purpose of establishing a customer under Safe Harbor status. In my view this gives DRS Computershare enhanced rights over broker held shares where the broker doesn't not satisfy the criteria i.e where the transaction just passes through a broker (“mere conduits” for the overarching transaction) + +https://www.skadden.com/en/Insights/Publications/2020/01/Second-Circuit-Recognizes-Customer-Safe-Harbor + +I do not have any legal qualifications, this is not legal advice. Take a look for yourself. Wrinkled brains may be able to give further insight. Text from the article below... + +The Second Circuit’s Application of the Customer Defense +To reach its revised decision, the Second Circuit analyzed whether Tribune was a covered entity under Section 546(e). In particular, if Tribune itself qualified as a “financial institution” because it was a “customer” of a financial institution and such financial institution was acting as Tribune’s agent, then Tribune would be covered by Section 546(e)’s safe harbor, insulating the LBO transfers from constructive fraudulent transfer claims. + +Step 1: Computershare as a ‘Financial Institution’ + +Applying the facts to the law, the Second Circuit concluded that Tribune retained Computershare to act as a “depositary” to hold, receive and distribute funds and shares as part of the LBO.7 As a trust company and bank recognized by the Office of the Comptroller of the Currency, Computershare qualified as a “financial institution” covered under Section 546(e).8 Tribune would also qualify as a “financial institution” in connection with the LBO payments if it was Computershare’s “customer,” and Computershare was acting as Tribune’s agent.9 + +Step 2: Tribune as Computershare’s ‘Customer’ + +To determine whether Tribune was Computershare’s customer, the Second Circuit reviewed the services Computershare performed for Tribune in the LBO. Because, in exchange for fees paid by Tribune, Computershare received and held Tribune’s deposit of the aggregate purchase price for the shares, received the tendered shares, retained the tendered shares on Tribune’s behalf and remitted payment to the tendering shareholders, the Second Circuit concluded that Tribune was Computershare’s “customer” in connection with the LBO payments. + +In so holding, the court reviewed Bankruptcy Code Section 101(22)’s definition of “financial institution.” As noted above, that section defines “financial institution” to include, among other things, “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer (whether or not a ‘customer’, as defined in section 741) in connection with a securities contract (as defined in section 741) such customer.” (Emphasis added.) Because Section 101(22) “plainly states that its definition of ‘customer’ is not limited by” Section 741, the Second Circuit concluded that Section 741’s “specialized definition of customer” does not apply when determining if an entity qualifies as a financial institution.10 + +Instead, the court adopted the plain meaning of “customer,” referring to prior Second Circuit precedent: “We have previously recognized that the ‘core’ ordinary definition of ‘customer’ is ‘someone who buys goods or service.’”11 Moreover, the Second Circuit also noted that Black’s Law Dictionary’s “more granular definition” of the word includes “a person ... for whom a bank has agreed to collect items.”12 Under either definition, the Second Circuit was satisfied that Tribune qualified as Computershare’s customer. + +Step 3: Computershare as Tribune’s ‘Agent’ + +Finally, the court considered whether Computershare acted as Tribune’s agent in connection with the LBO, as required by Section 101(22)’s definition of “financial institution.” Here, the Second Circuit stated that “the parties have not identified any reason why the term ‘agent,’ for the purposes of Section 101(22), should be given anything other than its common-law meaning” and accordingly applied the common law definition. Under common law, agency “arises when one person (a ‘principal’) manifests assent to another person (an ‘agent’) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act.”13 + +Once again applying the facts to the law, the Second Circuit determined that Tribune demonstrated its intent to give Computershare authority by “depositing the aggregate purchase price for the shares with Computershare and entrusting Computershare to pay the tendering shareholders.” And the court determined that Computershare demonstrated its assent by “accepting the funds and effectuating the transaction.” Finally, “as the transaction proceeded, Tribune maintained control over key aspects of the understanding.” Thus, Computershare acted as Tribune’s agent in connection with the LBO. + +Based on this three-step analysis, the court held that Tribune fit into the statutory definition of “financial institution”: Computershare (a bank and trust company) acted as an agent for Tribune (its customer) in connection with the LBO (a securities contract).14 The Second Circuit concluded that the transfers Tribune made to the selling shareholders were therefore covered by Section 546(e) as “settlement payments” “made by or to (or for the benefit of)” a “financial institution.” + +Takeaways +As the first circuit-level decision to endorse the customer defense, the Second Circuit’s Tribune decision reinforces the strength of the defense after Judge Cote’s seminal opinion applying it. With these two important decisions now on record, the customer defense is likely to continue gaining momentum. And parties structuring LBO’s will likely seek to retain federally recognized financial institutions to act as their agents in holding and distributing the various forms of currency in such transactions to ensure they meet the “financial institution” and “customer” criteria methodically articulated by the Second Circuit. Moreover, litigants will likely continue to parse the language of Sections 101(22) and 546(e) as they argue over the parameters of the customer defense. + +_______________ + +1 See “Bankruptcy Code’s Safe Harbor ‘Conduit’ Defense Eliminated by Supreme Court; Variant Defense May Survive” and “District Court Applies Section 546(e) Safe Harbor to Customer of Financial Institution, Revitalizing Key Defense.” + +2 Each of the “customer” and now-defunct “conduit” safe harbors originate from Section 546(e) of the Bankruptcy Code. This provision bars avoidance of “a transfer that is ... a settlement payment ... made by or to (or for the benefit of) ... a financial institution ... in connection with a securities contract.” The Supreme Court’s Merit decision held that this safe harbor does not protect transfers in which financial institutions served as “mere conduits” for the overarching transaction. + +Section 101(22) defines “financial institution” to include “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer ... in connection with a securities contract ... such customer.” (Emphasis added.) The “customer defense” invokes the safe harbor based on this definition. + +3 In re Tribune Co. Fraudulent Conveyance Litig., No. 13-3875-CV, 2019 WL 6971499, at *9 (2d Cir. Dec. 19, 2019) (Tribune III). Skadden currently represents, among others, certain of the selling shareholders in the underlying action, as well as members of the special committee for the board of directors of Tribune Company. + +4 We previously discussed Judge Denise Cote’s April 2019 decision applying the customer safe harbor to dismiss federal constructive fraudulent conveyance claims arising from the Tribune LBO. See In re Tribune Co. Fraudulent Conveyance Litig., No. 11MD2296 (DLC), 2019 WL 1771786 (S.D.N.Y. Apr. 23, 2019) (Tribune II). + +5 In re Tribune Co. Fraudulent Conveyance Litig., 818 F.3d 98, 120 (2d Cir. 2016) (Tribune I), opinion amended and superseded, No. 13-3875-CV, 2019 WL 6971499 (2d Cir. Dec. 19, 2019). + +6 See Deutsche Bank Tr. Co. Americas v. Robert R. McCormick Found., 138 S. Ct. 1162, 1163, 200 L. Ed. 2d 735 (2018). + +7 Tribune III at *7. + +8 Id. + +9 Id. + +10 Id. + +11 Id. + +12 Id. + +13 Id. at *8. + +14 The Second Circuit also disposed of the appellants’ argument that a portion of the transfers made in the LBO were not “in connection with a securities contract” because they involved the redemption, rather than the purchase, of shares. The court reasoned that “redemption” in the securities context means “repurchase” and further noted that Section 741(7) defined “securities contract” broadly to include the repurchase of securities. Id. at *9. As a result, the Second Circuit concluded that all of the payments at issue, including the redeemed shares, were “in connection with a securities contract.” + +This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws. +(Forgive the throwaway account) + +45, 6mm NW, earning ~0.8-1M in finance depending on results. My pay took off around 5 years ago, prior to that I was on half that. NW growth thanks to shoveling all bonuses into the market over the years. + +As I did not let myself succumb to lifestyle creep, I’m in the fortunate position of being able to FF today if I wanted, and every year of work (which I enjoy) is just extra gravy for the kitty. + +However, I also struggle with massive imposter syndrome and have convinced myself that I got to where I am by a series of flukes and one large bluff (giving the impression that I had an offer when I didn’t). The imposter syndrome has only got worse as I got paid more - if I didn’t deserve $X I obviously deserve $2X even less. Included in my insecurities is a fear that I will lose my job and no way in hell will I be able to find another similar paying one, or even half as much. And then also packaged up in this is how I will be viewed by my network if I lost my job. + +I have a hard time rationalizing all this - if I can FF, so what if I lose my job? But I still live in fear of “that” call from HR/the boss where you are told the role no longer exists and your sudden disappearance from the company. My ideal retirement involves me picking when I exit the workforce and being able to go round the office saying my goodbyes, not being carted off by security and my access revoked. + +So anyway I would love to hear from any fatties that lost a high paying job that they were unable to replace and how they dealt with the emotional side of things, or indeed from anyone who is similarly insecure! +I presume most of us have lost money on a deal at some point. + +What was the worst deal you ever did? + +What made you think it was a good move in the first place? + +What went wrong? + +What (if anything) could you have done differently to avoid losing money? + +Perhaps we can learn a thing or two from each other’s mistakes. +https://electrek.co/2020/11/30/gm-cancels-deal-build-nikola-nkla-electric-hydrogen-pickup-truck-controversies/ + +GM has dropped its plan to build the Nikola (NKLA) Badger electric/fuel cell pickup truck and take a stake in the controversial company. + +However, GM will still supply Nikola with fuel cell hydrogen technology for its semi trucks. + +As we have been reporting over the last few months, Nikola is currently in hot water after a report from Hindenburg Research made several allegations exposing deception by Nikola and its founder Trevor Milton, including several claims corroborated in previous reports. +Lots of things along the way impact our journey to fatfire. What choices did or didn't impact the trajectory of your path. + +For me it was accepting the right internship and deciding to start a business on the side. + +Things that impacted my journey less. College choice, MBA, networking. +[https://imgur.com/a/meJNh0v](https://imgur.com/a/meJNh0v) + + +(source: [https://www.commsec.com.au/mosttradedinternationalshares](https://www.commsec.com.au/mosttradedinternationalshares) \- our largest bank and brokerage). + +&#x200B; + +We Australians are so jacked, we're buying more of GME than Apple, Microsoft, Amazon, Alphabet, Facebook. + + +GME has transcended FAANG for both volume and buy ratio. + + +[https://imgur.com/a/GjJpSVo](https://imgur.com/a/GjJpSVo) +(LET'S FARKIN' GO!) + + +We've shoved all of our GME shares into our little pouches for HODL security, and this jacked Kangaroo has natural protections from all the super venomous and violent prey that surround us on a daily basis. + + +[https://imgur.com/a/bPCO7yK](https://imgur.com/a/bPCO7yK) + + + +Just you wait for the next "Technical Analysis" - you'll see the Roos jumping over the fence in no time. + + + +\* This is not financial advice. I am a kangaroo. You wanna fuckin' go me mate?! + + + +\--- + + +On a more serious note - you don't think that the Short Interest % is only increasing? When was the last time we saw any form of sell ratio that closely resembled the buy-side, even just for balance and parity of credits and debits? Price aside, we've been playing the fundamentals of float size this whole time and I cannot see much evidence of anything of this not becoming even more compounded and worse, let alone "rectified". +This is really embarrassing for me to admit, but I'm looking for any encouragement/seeking help from anyone that has had a similar experience. Therapy has helped me get over the trauma, but hasn't helped me figure out how I'm able to get past the thoughts of failure. + + +I'm 27 years old and felt like I was on a pretty good track to achieving financial freedom, so much to the point that I really didn't understand risk management. I've basically invested every penny since I started working in 2017 and ended up making over 400K of (realized) gains in the stock market. In hindsight I'm not proud of the way I made that money, I got lucky betting on high growth stocks, some crypto, and used options. + + +At the end of 2021 I amassed a net worth of 750K post tax, and was thinking about taking a year off of work to decompress from the tech industry, and explore my hobbies/maybe start my own thing. Unfortunately stocks went down in the first month of 2022 and I saw an opportunity to go all in again. Many of my stocks I've re-invested in are down over 50%, and I ended up dipping into margin to try to average down my positions. This snowballed into a significant loss and I've since had to cut my margin positions as the market for growth stocks has essentially crashed. + + +As of today my net worth is below 200K, down over 500K from my peak of last year (70%+ loss). My dreams are crushed and it's been difficult to fathom what I did. This is really hard to admit, but I'm in disbelief that I had the capability to take on such risky investments without really thinking about the potential consequences. I know these kind of investment strategies don't belong in this subreddit. I'll probably get some hate for this. I thought just because I survived the covid flash crash, I could survive any downfall. This was not the case and I've learned a hard and painful lesson. + + +Thankfully, I received a promotion in Q1 of this year as well so my compensation has gone up to 250K/year. Because I live in a HCOL area, the amount I actually can save a year isn't nearly as much after taxes and expenses, so it'll take more than a few years to recover from my mistakes. I know I can't retire any time soon. I'm grateful that I have what I have, my health and my family/friends. But I find myself in a situation where I feel like I'm behind now- and how no one really makes these kind of financial mistakes as I did. I can go on and on about how I feel, but what's done is done - seeing top posts on this subreddit from time to time still inspire me and I want to keep on going. I just want to find inspiration from anyone that might have had something similar happen to them - and I guess not just from 2000 or 2008, since the market's aren't nearly as down as back then (just mine is). + + +TLDR: +I lost 70% of my life savings YTD, the overall market is only down 10-20%. I've learned my mistakes and want to do things right. I make 250k/yr but don't like working in the tech industry, wanted to take some time off but find myself preparing for interviews now to try to make even more. I feel behind and want to find anyone to relate to help get back on my feet. +I'm leaving this question rather vague because I'm too ignorant of the current state-of-the-art in the field to word it better (i.e. whoever answers is welcome to interpret "success" however - increased homeownership, decreased homelessness, broad increase in reported quality of life, etc). I want to understand the breadth of what governments in the past have done to effectively relieve a housing shortage, especially in areas with restrictive zoning policies on behalf of homeowners. +As a part of a broader Reddit investment tool that I'm putting together, I couldn't help notice a trend. pulling out the top 20 DD posts by up votes (tickers below) only three stocks have actually made gains and only one over 5% (pongf). + +&#x200B; + +Obviously do your own DD, but it appears that popular pennystock dd this year has been more of a signal of when a stock has gotten popular based on previous gains than what its going to do in the future. + +&#x200B; + +I plan on doing more digging into the top 200 dd posts, but through about 40 the results are holding. + +&#x200B; + +I know occasionally the sub worries about dd posts from pumpers, but really it looks like the DD is coming right about the bagholding stage as the stock starts to slip. + +&#x200B; + +Tickers + +zsan + + + +CTXR + + + +tloff + + + +sngx + + + +ASRT + + + +CTRM + + + +KTRA + + + +PULM + + + +NVCN + + + +LPCN + + + +RIGL + + + +HITI + + + +ATOS + + + +INIS + + + +pongf + + + +pstv + + + +msnvf + + + +ssft + + + +rxmd + + + +iqst + + + +sgmd +Intel (INTC) - bought at $57, now at $50 + +UBER - bought at $35, now at $31 + +Wells Fargo (WFC) - bought at $32 now at $26.5 + +Duke Energy (DUK) - bought at $84, now at $82 + +Exxon (XOM) - bought at $46, now at $43 + +That's all. Anyway keep outperforming the market guys! +According to a post by [RxSaver](https://www.rxsaver.com/blog/cost-of-insulin-without-insurance) the current cost of a vial of insulin without insurance in the united states is $444 + +As of right now, using Monero, you can have a vial of insulin sent to your doorstep for $ 91.18. + +I say this so when people try to make the drug argument, it's important to remember not all drugs are illegal, and for some people, using Monero and darknet markets are their only option to survive. + +For as much as people will label XMR as the devil's crypto, remember it is the one saving the most lives. + +That is all + +-edit- + +To those arguing the specifics of Insulin please understand the specific drug isn't the point. Any drug that is in one way unobtainable is obtainable, feel free to swap out the prescription drug of your choice. + +Also please don't ask questions that can lead to bans. +>In what could come in as a big relief for capital market players, the task force on direct tax code that submitted its report to Finance Minister Nirmala Sitharaman last week has recommended abolishing the dividend distribution tax while retaining the Long Term Capital Gains Tax and Securities Transaction Tax, a source in the know of the development told ET Now. The panel has also suggested reworking the personal income tax rates in a bid to make india a more tax compliant. +> +>Moreover the panel has also suggested game-changing ideas for rationalising the personal income tax slabs. Sources said the panel has recommended three tax brackets of 5 per cent, 10 per cent and 20 per cent against the prevailing structure of 5 per cent, 20 per cent and 30 per cent. +> +>“There could be a temporary blip due to revision of tax slabs. The government will have to take a view on it. It will impact the government coffers for 2-3 years but ease in filing, simplicity in taxation, removal of ambiguous language, minimizing exemptions and a mediation panel for dispute resolution will help in boosting tax compliance”, the source added. + +[*Economic Times*](https://economictimes.indiatimes.com/markets/stocks/news/dtc-panel-for-highest-i-t-slab-at-20-seeks-removal-of-ddt/articleshow/70855997.cms) +1. Avoid Emotions - Investing requires fact/fundamentals based logical and rational thinking, detached from emotions. + "If you cant control your emotions, you cant control your money" - Warren Buffet + +2. Circle of competence - Focus on areas you are passionate about and is within your domain of expertise, where you will have an advantage over the average person. + +3. Have a checklist/plan - One of the most important aspects of investing is to have some sort of strategy/checklist/plan whereby one can compare the investment prospects of various assets. +"No wise pilot, no matter how great his talent & experience, fails to use a checklist" - Charlie Munger + +4. Margin of Safety - Only buy things on discount to value due to temporary distress, giving an adequate margin of safety which can protect us from the uncertainty of the future and possibility of error in our calculation. + +5. Probabilities - Learn to think in probabilities and how to get the odds on your side. +"Heads I win, tails I don't lose" - Mohnish Pabrai + +6. Diversify appropriately - Diversify your funds across the appropriate investments within your circle of competence. + +7. Manage/Minimize Risk - Practice risk aversion and avoid taking dangerous, unnecessary risks in an attempt to maximize gains. Minimizing risk, is maximizing gains, because if you are protected from loss then making a gain is the only option (this is the true way of maximizing gains). +"Rule No. 1 of investing is to never lose money and Rule No. 2 is to never forget Rule No. 1" - Warren Buffet + +8. Ignore/Block Noise - Don't pay too much attention to social media influencers, forecasters, retail investors, hype and the regular fluctuations of the market. + +9. Mother Hawk - Monitor, sustain and maintain your portfolio like a mother hawk protecting her nest. Be diligent. + +10. Patience & Long-term Thinking - Be patient in your investment activities, it takes time. Also, think long-term and maintain a long-term vision to take the best advantage out of compound interest. + +Note: These are just 10 principles of the many principles in investing, they are not the only 10 principles to be followed. +Part 1: I've been here since January 2021. Back then I was just lurking because honestly I thought all of you were crazy. Legit. I believed MSM and the like. I thought all of you shouting "Moon" "MOASS" "APES" "🚀" "💎✊" were deluded morons. (Not in a good way) + +I sat back and watched the run up. Saw DFV go on "trial" for talking about stuff he liked. Saw RC get elected chairman. Saw a brick and mortar company evolve into something good. Something greater than what I thought possible. I saw the outgoing shit show and the in coming elite. People that understood crypto. Customer service. Technology. An e-commerce market place. A fucking wallet. I saw this all come together in such a great and natural way. I saw a debt ridden down trodden company go from bankruptcy to billion in cash and zero debt! + +I'm just now starting to see the full picture. It's now STARTING to come together and it truly is one of the most epic build ups in such a short amount of time. If any of you see FUD here. Lies. Dishonesty. False Hype and Hopium. I want you to remember one thing. There is ONE REASON and ONE REASON ONLY, GME is on fast track to change this entire market! + +US! THATS IT. Thats the reason! If you're reading this and you bought in and you will never leave. LOOK IN THE MIRROR. YOURE THE REASON GME WILL FIST FUCK EVERY NAY SAYER, CRIMINAL AND IMMORAL PERSON GOING AGAINST THIS MOVEMENT. CONGRATULATIONS. + +Tl;Dr some motivation. We've come a long way! All of this is thanks to you! + +Part 2: now that the fluff is out of the way. I see a lot of newbs here pissing their panties about July 18 - 22. I need you idiots to know something. This isn't a free market. There's criminals running the show. Never take anything at face value and remember this always. MOASS IS TOMORROW! What does this mean "stranger on the internet"? Well dum dum I'm glad you asked. + +This entire saga actually started in 2020. And if you want to get really technical it started in 2007 - 2009. Basically when FINRA was formed. There's been a lot of shenanigans with various companies being manipulated. NOT JUST GME. + +Dr. Patrick Byrne CALLED IT OUT over 10 years ago! 10 FUCKING YEARS AGO. +https://youtu.be/BdBe5_8z53A + +This is a must watch. If you've seen it. Then you know that we are currently in the era of "Find Out". The Find Out Era is only possible by the previous,  very short lived "And Era" this Era was from January 2021 - July 8 2022. The timeline prior to January 2021 is known as the "Fuck Around Era". + +Important to note. That people have been fucking around in this market for so long that they are about to find out the dire consequences of their actions. But me being a seasoned GME Rollercoaster rider. I'm here to tell you 6 month apes. We are just beginning. This is the best investment you will ever make for yourself and your family. The key to staying zen... buy, HOLD ON FOR DEAR FUCKING LIFE, and DRS! Remember when the price moves down instead of up repeat this over and over in your head. MOASS IS TOMORROW. + +Tl;Dr the less experienced need to hold on for dear life. DRS and stay Fucking zen. MOASS will be riding in on its pale horse soon enough. + +Part 3: NOT FINANCIAL ADVICE. I'M AN IDIOT CONSPIRACY THEORIST. DON'T TAKE WHAT IM ABOUT TO SAY AT FACE VALUE. I'M STUPID.... some predictions for the future. + +Yall ever heard of Amazon? What about Amazon prime? Yeah that's all stupid bullshit compared to GMERICA and its takeover of the online marketplace. + +You all like steam? You like going to Gamestop to pick up games and supplies? Me too. That's about to be just one facet of this multi sided diamond of a company called GMERICA/ Gamestop. + +You all like crypto? Good. Because the GME wallet is coming and it will hold your credit, fiat and crypto. It will pay for anything and everything under the sun. + +You all like buybacks? Well if you've made it this far... I have something to tell you. If July 22 hits and we drop.... dont think that Mr. 69420D chess master won't do a buy back. +You all Like dividends? There will be a crypto dividend after the market place is up. + +Tl;Dr there are so many ways to Fuck GME and its shareholders. Yet we're going to keep buying more and never selling. They've been fucking around for so long and the shenanigans continue. We are now in the Find Out Era. That's what's about to happen. Watch! + +I dont know about you but I'm + +NOT + +LEAVING! + +HAVE A GREAT MORNING. + +Edit: nice Snek award. I'm glad I can reach into a shills anus and rip out their stomachs. Fuck you pay me! +Hi everyone! + +We’re really excited to be here engaging with the passionate [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) community. + +Today, both me (Sunny Lu, [/u/cryptoSunnyL](https://www.reddit.com/u/cryptoSunnyL/)) and my colleague Peter Zhou ([/u/PeterZhouzzz](https://www.reddit.com/u/PeterZhouzzz/)) will be representing VeChain as CEO as well as Chief Scientist to answer any questions from the community. + +[https://twitter.com/sunshinelu24/status/1387375448355524611?s=20](https://twitter.com/sunshinelu24/status/1387375448355524611?s=20) + +[https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20](https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20) + +We’ll be answering your questions for a duration of **3 hours (April 28 2021, 7AM PST - 10AM PST (10PM to 1AM UTC+8)**, so don’t hesitate to ask any questions now and live during the session and we’ll answer them as best as we can! + +**We've also just launched** [**a brand new 1 Million USD Grant Program**](https://medium.com/vechain-foundation/announcing-one-million-usd-grant-program-for-the-vechain-enft-ecosystem-7e2e6eea02e2) **for developers to build their NFT, DeFi, Gaming, etc projects on VeChain to kickstart our eNFT ecosystem. Join us and take advantage of our huge community by being a first mover in our ecosystem!** + +The [VeChainThor blockchain](http://vechain.org) has already been applied across a diverse array of use cases including **Walmart China, Bayer China, BMW Group, BYD Auto, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group** and more. We've pioneered [VeChain ToolChain](https://www.vechain.com/product/toolchain), a BaaS suite that allows enterprises to deploy full featured blockchain solutions without any technical knowledge required. Numerous products on shelves in Walmart China are already being tracked using VeChain with more being gradually added, and we have tens of thousands of transactions daily just for Walmart alone. Our journey has just started. + +We’re also [a smart contract and dApp platform](http://docs.vechain.org) that is fast, low cost and scalable. For those of you who didn’t know, we welcome you to build your project on our blockchain. NFTs, DeFi, Gaming, Yield Farming, you name it, we can support it. [Grants are also available](https://www.vechain.org/builders/) to kickstart your project. + +Ahead of our numerous progress updates this year and the **PoA 2.0** upgrade, which will massively upgrade our scalability and security even further, we’ve decided to engage with the crypto community with this AMA. + +We’re also working on something exciting: [An Enterprise NFT Ecosystem](https://vechainofficial.medium.com/the-future-of-vechainthor-enterprise-nft-enft-ecosystem-137589e53974), that will support enterprise-related NFT applications, with a system and resources readily available to help enterprise-level users to create and issue NFTs to support their ecosystem growth. + +Without further ado, ask away anything related to enterprise blockchain adoption, VeChain related topics, NFTs, and anything on your mind! See you soon! + +***What is VeChain?*** + +VeChain project launched in 2015. VeChainThor is an enterprise-level public blockchain and we have worked tirelessly to build the bridges between blockchain technology and the real world. We’ve been through the entire process of building an entire network dedicated to be scalable, efficient and cost-effective, transitioning from consortium network to best-in-class public blockchain platform using our Proof of Authority consensus. + +The VeChainThor blockchain is powered by the VET and VTHO currencies with a dual-token model, offering best-in-industry transaction speed, scalability and costs. We’re a public blockchain, and we support dApps as well! + +&#x200B; + +**\[AMA Closing\]** + +Thanks everyone for joining this AMA! It’s been a blast answering all your questions for the past few hours. + +So much more progress is coming to the VeChain ecosystem and we can’t wait to reveal what we’ve been working on. Make sure to follow us on our social media platforms to stay updated. Until next time! + +Sunny&Peter out. Peace yo! +For fucks sake apes, have you learned nothing? It dropped on basically no volume at all, nobody is paper handing, nobody has stop losses on, they are manipulating the price in real time...and trying to get you to accuse people of doing this shit....divide and conquer...and you're falling for it. + +&#x200B; + +Get your shit together apes. Ride this out like we have every other time. Trust your fellow fucking primates. + +&#x200B; + +It's a dip.....what do we do with dips? + +&#x200B; + +Edit: To all the people saying this is FUD. I am a god damned Knight of New, there was like 5 or 6 posts accusing people of paper handing and yelling to remove stop losses because this was "there fault" (the people with stop losses) all in a row. It's likely they didn't make it this far which is why you don't see any. BECAUSE WE DID OUR JOB. It was getting on my nerves, so i made this post. Chill the fuck out, not everybody is out to get you. + +Edit2: To the people that STILL don't believe me...the posts are gone now, because as I said, we did our fucking job...but here is a group of reactions TO THOSE POSTS from other apes who were equally as concerned. [https://imgur.com/gallery/VvQFncT](https://imgur.com/gallery/VvQFncT) +I'll go first. + +For a flip, when they say add 20% to your budget. Add an extra 10%. + +Seriously. The amount of things you'll forget (or just simply not realize at the time) are astounding. Sales tax. Credit Card fees. Paypal fees. Interest. Blinds. Trash removal throughout. Buying EXTRA material for flooring. The amount of paint used for a house and it's cost. Holding cost. I'm gonna say it again. Holding Cost. Permits. Consulting (if you need). General Contractors fee, etc etc. + +Vet your damn contractors and vet them again. My buddy said it best 'By going cheaper in the short-run it can cost you more long-run' and boy was that true. The amount of mental energy I've wasted dealing with shitty contractors to save $150 on a job is astounding. Know your worth and don't step over pennies with some of these people. **You pay for what you get.** + +Schedule everything ahead of time. Oh you thought that contractor would be available within 72 hours to finish your trim? HA. Unless he's crap at his job or expensive as hell odds are hes 2 weeks out. Have your electricians working with the HVAC people. Have the tilers working with the flooring people. Have the drywallers do their thing. Have the painters do their thing. Don't overlap drywallers etc. This is so much harder than it sounds - delays and issues happen. But if you can do it right it will save you thousands in time and energy. + +From my experience - when asking a contractor to finish the jobs the price is astoundingly high. But when you tell them x,y, and z to be complete and have them itemize things out, it is much cheaper. You would think by providing more work they'd cut you a deal. From what I have seen, they make it seem like 'all these problems gonna cost all this' when really if it's broken down it's not as bad as it seems. +What are your plays for the week? What you buying and selling? What were your best plays? This is an unregulated discussion. + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I am a honors student and I skipped a grade in math, so he thinks I can do better in the stock market then he did. + +He originally invested 10K+ into this account and sold all his stocks after they crashed in the late 1990's, he left the account alone until now. He recently looked at it again and thought it was a good opportunity for me to learn about the market. + +I'm just looking for tips in general, anything helps. +Thanks a ton! +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 💰 + +🙌💎 +Since the goal of every corporation is to maximize profits, if we got rid of the minimum wage, would we see businesses reducing the wage of their workers? +Hi there, I’m currently a Sophomore in college. I go to school 3 days a week and work 3 to 4 days a week. I’m a server at a high end restaurants that allow me to make a low of $300 and high of $500 a night (there had been <$200 night and $500+ nights but lets just say $300 average). Based on my calculation working 6 days a week for one year would net me a low of $80k. Subtract my expense and I would be able to save a little more than $60k a year. If I do this for five years, I would be able to have more than $300k in my dividends account at the age of 24. + +Do y’all think this is a realistic approach? + +Side notes: I do not have to pay for college and currently have a little more than $5k spread across various stocks and etf but my biggest holds are O,Msft,Xom,Jnj. + +Math: $300(6 days a week) =$1800 a week +1800(2 weeks) =$3600 every two weeks +3600(2 )=$7200 a month +*my expenses per month are around $1500 a month +Net save~ $5700 a month into my long term dividends portfolio +$5700(12 months) =$68,400 invested a year + +I feel like my 20s are the most valuable and I don’t know if I should invest it in school or just work and invest in an actual portfolio instead. + +Edit: I’m only looking at this path because at the moment, I live with family so expense is generally low. +Yes, I also didn’t take taxes in account +& I’m pursuing a double major in Finance and Economic but looking to drop economic soon. +All community investors have received passive income since day 1 for holding, thanks to the BNB returns to wallet linked straight into the tokenomics by our DOXXD developer Mia! + +The Sugar Daddy Doge Token completed its launch on July 6th and still continues consolidating on an upward trajectory with long-term goals and team planning in the works. Sugar Daddy Doge will be here for the long run! + +Token Supply : 15,000,000,000,000 + +15 TRILLION TOKENS + +We have a DOXXED Binance Smart Chain Token Developer!! + +**Here is a little bit about the tokenomics:** + +* 3% Goes to the LIQUIDITY POOL +* 7% Goes to a BUYBACK WALLET +* 3% Goes to the MARKETING WALLET +* 2% Goes to BNB REWARDS POOL + +(Which will be increased to 10% later) + +After reaching strong trading stats, Buyback wallet will stop accumulating and the BNB reward pool will start collecting instead. Hence, increasing individual Holder rewards. + +**Contract:** 0x5c4137ac4f0af3830fd3e2276e44e4a6e02f00b8 + +**Twitter:** [https://twitter.com/SugarDaddyDoge](https://twitter.com/SugarDaddyDoge) + +**Telegram:** [https://t.me/SugarDaddyDogeCoin](https://t.me/SugarDaddyDogeCoin) + +**Website:** [https://sugardaddydoge.com](https://sugardaddydoge.com) +I am a Senior Lecturer and Course Director in Finance at Macquarie University, Sydney. I have been fortunate to give opinion pieces on petrol prices/price gouging in Australia's leading media outlets and have been interviewed on topics such as [why we should increase focus on the digital economy.](https://au.finance.yahoo.com/news/tradie-recovery-010905506.html) + +My research interests in energy economics has led to numerous publications in [A and A* ranked journals](https://scholar.google.com.au/citations?user=XjExgyEAAAAJ). In 2010 I received the Macquarie University’s Vice Chancellors Award for Research. I teach in the areas of Corporate Finance, Financial Management, and Investments. I have developed several courses that are fully delivered by industry professionals working in national and global finance and banking institutions. + +My other research passion is in behavioural finance where I use innovative methods to study how investors use financial information in making investment decisions and how overconfidence can drive bubbles in stock markets. I am also a co-author of an upcoming book on [Behavioural Accounting](https://www.amazon.com.au/Behavioural-Accounting/dp/1138237035). + +A summary of my research and media engagement can be found [here](https://researchers.mq.edu.au/en/persons/lurion-de-mello) and feel free to search my posts and comments on [LinkedIn](https://www.linkedin.com/in/dr-lurion-de-mello-0a800a5/). + + +Proof: https://i.redd.it/9ck0dg8m5kk51.jpg + + +My wife and I got these wonderful knives for our wedding. Henckles or something like that – they are German engineered and insanely sharp. So this afternoon I was using the long serrated one to slice through a tomato, and underestimated the length of the blade and it ended up cutting deeply into my hand. It was effortless, I need to emphasize this – the knife just went right in, and given the motion made a pretty good slice. If my arm were a roast beef, I would have been pleased with the cut. I didn’t feel anything but was aware of what happened, I just stared at it for a second and saw this thin line with no blood. Just as I thought to myself, “well that wasn’t so bad”, the blood came pouring, POURING out. I put paper towels on it, and they soaked through. Then real towels, and they soaked through too. I kept trying to put pressure on it, and I thought the blood will have to stop at some point, but it didn’t. So as I sat down and wondered if duct tape might work, I started to feel light headed. Before I called for help, I thought to myself how ironic it would be for me to die right here, so soon, alone on my kitchen floor bleeding out from an accidental knife cut. I thought, what a waste – all the saving, all the planning I’ve done for my future, all the assumptions about what my wife and I will need for retirement, long term care planning, how we’ll pay for improvements to the house. I felt cheated and really angry about the possibility of going out this stupid way, at this inopportune time. It made everything I had done in my life pointless – saving up for things that will never come. + +But that’s life…I don’t think my life was truly in danger today, but it was a bit of a wake up call. We are not guaranteed tomorrow, never mind 5 or 10 years from now. Life is short and it’s unpredictable. Although this hasn’t dissuaded me from pursuing my FIRE goals, it reminded me that it’s also important to live for today too. It’s easy to lose sight of this. + +Based on this, we have decided that some portion of our savings should be allocated for YOLO initiatives. This will not be everything, just a small percent, and we will only buy things that we’ve saved for. But we decided that it doesn’t make any sense putting off things we really want until we’re “independently wealthy” when we’re not even sure at what point that is. If anyone has any comments on how you were able to make this work, we’d appreciate it. In the meantime, I’m off to the market to buy a pint of Haagen Das instead because it’s been a long day. + +Edit: some typos fixed. Also, thanks for all these great responses. I’ve been reading them to my wife and we’ve really appreciated them. +So you know that $216 million in debt that GME had on the books on it's 10k? + + +Tonight they announced that they're paying it all off by months end; +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + + +insert 1000 rocket emojis here + + +$400+ million in cash, no debt, entire new digital friendly leadership transforming the country + + +Domo Capital outlines what they'll be allowed to do now that the debt is gone; +[https://twitter.com/DOMOCAPITAL/status/1382064324248735744](https://twitter.com/DOMOCAPITAL/status/1382064324248735744) + + +Bullish as fuck....I mean, uh, yeah I'd short that terrible company /r/sarcasm + +Edit 1; holy shit that’s a lot of awards and karma! Hope you’re not buying the awards, spend that money on some stock you like instead. +I have recently turned 18 and have been gifted the opportunity to inherit a trust fund. The fund has over 6 figures in it, and I am lost with what to do with this money. + +I want to travel the world, because that is what I have always wanted to do since I was a little boy. I have seen travel hacking blogs and other tips and tricks on how to travel the world and how much it would realistically cost, and I do plan to work while I’m traveling. + +But I also want to be able to retire by 30. I don’t want to live a corporate desk job the rest of my life till I’m 65 and too old to do anything that I want to do. + +Where should I start in becoming financially free and being able to love and enjoy my life with the blessed circumstances that I have been given? I’m just looking for anyone who may have some better words of advice or any tips and tricks to help me enter the reality that is adulthood. +"The central bank cut its one-week repo rate by 1 percentage point to 15%, marking the third straight reduction in interest rates under governor Sahap Kavcioglu from 19% at the start of September. The bank said many factors behind surging consumer prices were “beyond monetary policy’s control” and that it would “consider” ending its cycle of rate cuts this December. + +After the decision Turkey’s lira plummeted about 4%, hitting 11 against the US dollar for the first time." + +Is this a political move by Erdogan? I do not have a great understanding of Turkish politics, however, Erdogan does not seem to be well liked by Turkish people I know and this decision seems irrational. Erdogan apparently holds the view that high interest causes inflation rather than tame it. Where else has this type of thinking been seen? Is it that common at all? This is the first time I have seen that opinion on interest rates and inflation + +https://www.ft.com/content/2db0434d-2851-4485-850d-06cfca32ff22 + +Edit: Added Quotation around the article text. +**🚀 Zach Boychuk's interview with Crypto Messiah sponsored by Chubby Inu is dropping today or tomorrow! This project is getting big influencer connections and starting to get good visibility. Now looks like a great time to buy in. 🚀** + +Chubby Inu just previewed their **Chubby Swap** platform which is due out in the next 48 hours. For now, it's a Uniswap API fork with a Chubby Inu themed UI, but it is being described as a "modular" development and soon it will have integrated "*scam sniffing*" and **new contract detection** as well. The swap platform will have taken them **less than a month since contract deployment**...compare that to certain other tokens' "swap" platforms and the time those took since original promises. By Q4, 2021, the plan is to have **Scam Sniffer v2** checking contracts **across BSC and FTM also, with cross-chain staking** integrated as well. CHINU's contract adapts its adds to liquidity based on the amount of volume using a threshold to sell into the 1:1 ETH balance required for Uniswap v2 liquidity so as not to hurt price during slow periods...seems really clever! In about 9 weeks, the project will be migrating liquidity over to Uniswap v3 and there are so many possibilities for the new higher dividend protocol...higher redistribution percentage, higher liquidity adds, or (community's favorite) even **token buybacks/burns**. This project continues to prove itself as legit and focused that happens to be wearing dog token clothing. The value of this token has not been realized by the crypto community yet, but it will blow up once it has! Come check out the TG and catch one of the **fireside chats** they host at least once a week going over various topics from contract review to bots, smart contracts, and even utility NFTs (Zach Boychuk even listened in on the last one!). They even have recorded a couple of them so you can listen in your free time. There are also many other reasons to get in now: + +* listed on **CMC** and **CG** about two weeks ago +* liquidity is **locked** +* live on Bilaxy +* mcap **\~$1.8M** (half of what it says on dextools due to inception burn) +* 4 weeks old +* **unique original contract**, not another copy cat like so many others +* **perfect tokensniffer score** +* about 1200 holders + +Also, the devs have already thought about some usual concerns and issues and taken associated precautions: + +* **locked liquidity for 9 more weeks (until the migration to Uniswap V3 for better dividends to holders)** +* **adaptive contract with frequent blacklisting of bot addresses (they have even created bot honeypots!)** +* **tokenomics that constantly add to the liquidity pool as a built in defense for large selloffs.** + +**✅** **4% goes back to holders as dividends** + +**✅** **3% goes to a charity wallet** + +**✅** **3% gets added to the Uniswap v2 liquidity pool.** + +&#x200B; + +* **Buy it here:** [https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2](https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2) +* **ERC20 contract:** 0x910985ffa7101bf5801dd2e91555c465efd9aab3 +* **CMC:** [https://coinmarketcap.com/currencies/chubby-inu/](https://coinmarketcap.com/currencies/chubby-inu/) +* **CG:** [https://www.coingecko.com/en/coins/chubby-inu](https://www.coingecko.com/en/coins/chubby-inu) +* **Tokensniffer:** [https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3](https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3) +* **Liquidity Locked:** [https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3](https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3) + +**Telegram:** [https://t.me/ChubbyInu](https://t.me/ChubbyInu) + +**Website:** [www.chubbyinu.com](http://www.chubbyinu.com/) + +**Twitter:** [https://twitter.com/ChubbyInu2](https://twitter.com/ChubbyInu2) +The market for cryptocurrencies is bound to expand in the coming years, but we also know for a fact that most coins likely won't survive the diversification . + +Which coins currently in the Top 20 market cap index do YOU think will likely fall , and why ? +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) +And we are back for another day of trading sideways in Germany. +I hope you all had a fantastic day, let's make this one even better! 😊 +Thank you for all the support over the last weeks and months, you're all crazy! + +Current price "115 minutes in: 160.73 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 161.40 US-$ + +5 minutes in: 161.52 US-$ + +10 minutes in: 161.46 US-$ + +15 minutes in: 161.46 US-$ + +20 minutes in: 161.40 US-$ + +25 minutes in: 161.04 US-$ + +30 minutes in: 161.34 US-$ + +35 minutes in: 160.91 US-$ + +40 minutes in: 160.43 US-$ + +45 minutes in: 160.43 US-$ + +50 minutes in: 160.55 US-$ + +55 minutes in: 160.55 US-$ + +60 minutes in: 160.55 US-$ + +65 minutes in: 160.55 US-$ + +70 minutes in: 160.67 US-$ + +75 minutes in: 160.73 US-$ + +80 minutes in: 160.67 US-$ + +85 minutes in: 160.79 US-$ + +90 minutes in: 160.79 US-$ + +95 minutes in: 160.79 US-$ + +100 minutes in: 160.85 US-$ + +105 minutes in: 160.85 US-$ + +110 minutes in: 160.91 US-$ + +115 minutes in: 160.73 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +We'll see each other again tomorrow. +Let's give 'em hell 👋 +So for context, I’m a young investor looking to maximise my gains over the years so I can eventually retire off a healthy portfolio transferred into dividend paying stocks. + +One of the main bits of advice I see around here is to “invest in growth stocks while your young”. However, I fail to believe that as an individual/hobbyist investor I can outperform the S&P500 for the many years I’m looking to invest over. +I therefore believe my best course of action is to invest weekly into this index at an 80/20 split of S&P500 and more speculative growth investments. + +Would this method therefore be more suited to the “invest in growth while young” and provide greater returns than a dividend strategy would? Or should I focus on a dividend based strategy in the first place as this is what I eventually want to live off? + + +Thanks! +Hi everyone :) + + I would love to hear your experiences in how you split bills with your partner when one of you makes significantly more than the other…. Or how you grow your budget / savings in a smart way when more money is coming in than your used to. + +My partner and I currently bring home about the same amount, (after taxes, 401k, insurance, etc.). I do make a little more… so we split everything 50/50, except I pay a bit more in our mortgage. + +I’m up for a job right now where I potentially could be making about 50% more than that I’m making now…. Quite game changing for us. + +I really would love to hear how others manage this in their own households. We have ideas on what we would do… but please share your experiences! + +More info: +- nest eggs are taken care of +- 401k would be stepped up to be maxed out +- student loans would paid off more aggressively +- we don’t have any other debt aside from our mortgage and my 0% interest car loan + +Thank you! +https://www.reuters.com/article/us-health-coronavirus-american-airlines-idUSKBN212044 + +> American Airlines Group Inc (AAL.O) on Saturday said it will implement a phased suspension of nearly all long-haul international flights starting March 16, amid reduced demand and travel restrictions due to the ongoing coronavirus outbreak. + +> Between March 16 and May 6, American will reduce its international capacity by 75% on a year-over-year basis, it said in a statement, adding the changes will result in the airline parking nearly its entire widebody fleet. + +> The airline also anticipates its domestic capacity in April will be reduced by 20% on a year-over-year basis. + +> Domestic capacity for the month of May will be reduced by 30%, the company added. +Looking at getting on the property ladder in the next year or so but here is the kicker, I had cancer at the age of 25 in 2020. It was a very treatable form (thyroid) and after one operation and one radioactive pill, I’ve been living a pretty much normal life albeit with regular monitoring to ensure any recurrence is spotted promptly. + + +One knock-on effect of this though is that no life insurance company will touch me with a bargepole. Despite the statistics telling me that I’m only a very slightly higher risk than the rest of the population, the insurers just heard the “C” word and run a mile. + +Does this mean I have no chance of being able to buy a house? If it helps at all, I’ll be buying with my girlfriend who will have no problems obtaining life insurance. +All of my lectures from university will be going on strike for 3 weeks, which also happens to be one week after reading week so I will have 4 weeks of no classes at all. + +Considering I've paid £10,000 for this course and there are only two terms of lectures, missing this many weeks is a huge disappointment. + +Is there any way I can get compensation for the weeks missed? +Let’s avoid the political topic…as everyone saw over the last 5 years it has the ability to tear families apart. + +Let’s put that aside and focus on the MOASS. + +If the sub starts going down the political route we are doomed. + +For all we know Shitadel et al. only offered money to certain party Congressman to create the divide in apes. + +Think about it. What better way to destroy the camaraderie among apes than to make the MOASS and GameStop political. It’s their last ditch effort that we would never see coming. + +Ape don’t fight ape has never needed to be remembered more than right now. This is a divide and conquer tactic and a massive trap for 🦧. + +Be Smart. Don’t fall into the political trap. + +🙌💎🦧🚀🌚 + +Edit: for those apes that have interpreted my post to mean something different than I had intended. + +Politicians should be exposed. period. It was the partisan debate that started forming that we all know leads to know where. + +The “political trap” that I reference is the divide that natural happens when people start infighting and not realizing that politicians want us to do exactly that. Fight amongst ourselves. + +Let’s not do that. The prize is the MOASS. + +Stay vigilant and focus on the common thread of why we are all here. +Before knowing anything about finances back when Covid hit, and being a big people-pleaser with anxiety about what people might think of me if I make them mad, I got talked into three insurances. I am in my 20s and started paying 200 € a month for legal, accident and life insurance (unit-linked pension fund). + +I have already paid between 6 and 7k. +I tried several times to get out of it but the person at OVB who is responsible for me always told me what a bad idea that is and that the more money I put in there, the better it’s going to be for me. + +A family friend of mine finally told me that that sounds like MLM and I probably won’t get more money out of it at the end. That I should cancel all of it immediately. + +Now I don’t know what to do. +If I cancel all of it, I might have to pay even more money for the cancellation fees because the fund doesn’t cover everything. I don’t make a lot of money and already feel bad enough about being that stupid and naive. + + +What is the best way? +What I didn’t know before was, that I have to pay insurance for the legal and accident insurance for three years at least. I can always cancel the life insurance but I’m afraid that not only will I lose all the money, which would be shit, but I could also pay them even more to cancel it. +Any help? +Happy to answer any questions about anything really, recruiting process, work/life balance, culture, pay, human trading vs. automated strategies, etc. When I was trying to learn about the industry in college, I found there was incredibly little information available. Hope I can be of some help to anyone who stumbles on this post and is curious about the prop trading industry. + +&#x200B; + +Responses might be delayed by a day, but I promise to get to every question sometime this weekend. + +&#x200B; + +(Using my porn account for identity protection reasons.) + +&#x200B; + +EDIT: Oh god this is a lot of questions, I'm trying to get to all of them but it might take more than this weekend + +EDIT 2: I think I just got through all of them. New comments might have filtered in as I was answering things, and I'll stop by later to pick up stragglers, but for the most part it seems like this thread has died down. Will keep an eye on this in the coming days though, so if you have a question and leave a comment I'll probably get around to answering it at some point. Hope everyone found this thread useful. + +&#x200B; +I'm struggling to find growth companies at fair value, let alone below. At this point in the cycle, I'm OK buying great companies at fair value, and here is my rational that I'd like your feedback on. Take company Z. Company Z has been growing at 10%/year for the past 15 years. It has a giant moat. I love being a customer of company Z. I think management is awesome. The trouble is company Z's stock is priced 7% above what I consider fair value. Markets can remain overvalued for long stretches of time, like 1964 until 1973. That's nine years! In this particular case, if I sit in cash for one year and company Z finally goes to fair value one year from today, if its fundamentals haven't changed, wouldn't it be more expensive than it is now? Right now it is 7% more expensive, in a year I expect it to be 10% more expensive. My thought process is if you are buying 20 year buy and hold companies, paying a few months over fair value might not be the end of the world. I think it might be less risky than paying 40% under fair value for a failing company. What are your thoughts? +They've almost doubled the health insurance prices without any notice and I am wary of their very shady renewal tactics like multiple employees calling and insisting that I renew from link they give me. Also they are sending messages asking for automaticaly generated OTPs. I have never used the policy in 12 years yet. + + + +For they money they are charging, there are others who are providing double coverage. So I am looking for advice. Is HDFC Ergo worth the high price and shady behaviour ? Any recommendations for alternatives ? +Robinhood activated paid ads for Reddit with a fancy title "What happened this week" to try to clean their image. + +Rest assured, they are losing thousands of customers who are migrating their accounts after what happened this week. + +&#x200B; + +Don't fall for this sweet talk. Never forget the restriction. They must be held accountable for the actions undertaken over the last days. + +&#x200B; + +\#boycottRobinhood + +&#x200B; + +I'm just a retard, this is not financial advice and someone fetch me a helmet. +Edit: Violence is not an option. Exercise your consumer rights by not using this broker and switching to a more customer-friendly option. Imo, base your option on last week's stance, transparency, and actions. +Called yesterday to make my internet payment. Up until now, we were doing the past due balance, payment extensions and post dated checks. The lady on the line sounded surprised when I said I wanted to pay the past due AND the current balance. Little victory, but feels amazing to be current on one bill. + +Edit: thank you kind stranger for the gold. My next drink is to your health and happiness. +It's happening! + +Link: [https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) + +From the article: + +>[JPMorgan Chase & Co.](https://www.bloomberg.com/quote/JPM:US) is poised to sell $13 billion of bonds, setting a record for the largest bond sale ever from a bank, according to data compiled by Bloomberg. +> +>The longest portion of the [five-part offering](https://www.bloomberg.com/news/terminal/QRMBW8GQOFSW), a 31-year security, is expected to yield 107 basis points above Treasuries, according to a person familiar with the matter. The sale comes a day after JPMorgan reported strong first-quarter [earnings](https://www.bloomberg.com/news/articles/2021-04-14/jpmorgan-posts-investment-banking-fee-surge-while-loans-decline), including a 15% increase in fixed-income, currency and commodity trading revenue and a $5.2 billion release from its credit reserves. Rival Goldman Sachs Group Inc. is also [selling bonds](https://www.bloomberg.com/news/terminal/QRM8YZGENSW0) Thursday. +> +>The previous largest sale by a bank also came from JPMorgan, a [$10 billion offering](https://www.bloomberg.com/news/terminal/Q8UJIMDWLU6Y) in April 2020, the Bloomberg-compiled data show. +> +>JPMorgan is the sole bookrunner of the sale, and the proceeds are marked for general corporate purposes. + +&#x200B; + +edit: for some context check out the following links: + +[https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[https://www.reddit.com/r/GME/comments/mhw44x/wondering\_where\_tf\_the\_sec\_is\_the\_financial/](https://www.reddit.com/r/GME/comments/mhw44x/wondering_where_tf_the_sec_is_the_financial/) + +TL:DR from the second link above: + + Remember❗Hedgies aren't just shorting GME to oblivion. They've been doing this to US Treasury Bonds. Particularly 10 year ones. If that implodes, then the government can no longer guarantee the value of its own dollar, because those "insurance policies" i.e. US bonds are worthless=Dollar go boom 💥 Treasury Secretary Yellen called a meeting to seemingly stop that boom. +>Growing numbers of students in England have pledged to withhold rent on university accommodation they cannot use during the Covid lockdown. Organisers say this is building up to be a major protest, estimating that about 15,000 students at dozens of universities have signed up so far. + + [https://www.bbc.co.uk/news/education-55576471](https://www.bbc.co.uk/news/education-55576471) + + +Students be warned, if you rent from a private landlord and you withhold money, you could impact your credit rating in the future. This includes rentals from one of the big student accommodation companies rather than a house share. I know students like to bang the drum to make change, but I doubt you'll get much sympathy from private landlords and it won't stop them going after you. Speak to your student union or Citizens Advice before withholding any money! +Some Venezuelans, Iranians and Pakistans are turning to crypto as a store of wealth as their countries face economic problems. This could happen in the UK as well... +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, + +Here is a list of high IV stocks (data from June 4th): + +* US-listed stocks only +* Optionable stocks only +* Stock price >= $5 +* Market capitalisation >= $1 billion +* Current implied volatility >= 100% + +If you trade Cash-Secured Puts or use the Wheel, check-out the list below + +&#x200B; + +[high IV stocks - June 2021](https://preview.redd.it/b83w3rmq7t371.png?width=1699&format=png&auto=webp&s=c3085b398c2f0159019b7f94dd69e38a802cb0c9) + +&#x200B; + +The full list can be found on this website: [link](https://theoptiongeeks.com/high-iv-stocks/) + +(no subscription, no ads - it's free) +https://twitter.com/Forbes/status/1532732291658797056?s=20&t=UL8NEqc35OckpAwOxsVb9A + +Tesla CEO wants to lay off around 10% of Tesla’s workforce due to his concerns about the state of the global economy, Reuters [reported](https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/) on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car maker lose their jobs amid growing fears of a recession. + +CEO sent an email on Thursday ordering a freeze on new hiring and wrote that he has a “super bad feeling” about the state of the economy. + +Despite the purported email, Tesla’s LinkedIn [page](https://www.linkedin.com/company/tesla-motors/jobs/) continues to show more than 5,000 active new openings at the company as of early Friday morning. + + +MyPayRollHR, a payroll processing provider with about 4,000 small to mid-sized business customers, suddenly closed late last week. In response, the banking system went haywire and began taking funds from employees at many of these firms. Previously deposited pay was removed from their personal banking accounts, or "reversed." Not once, but twice and there are reports that these withdrawals happened continuously. The checking account of one employee of an animal rescue facility was pinged for nearly $1 million. [Her account shows a negative $999,193.75](https://searchhrsoftware.techtarget.com/news/252470457/MyPayrollHR-collapse-stirs-allegations-questions-anger). +[https://www.capitalmind.in/2020/02/wealth-letter-feb-2020-budgets-rbi-virus-scare/](https://www.capitalmind.in/2020/02/wealth-letter-feb-2020-budgets-rbi-virus-scare/) + +>if there really is a worldwide epidemic, we’ll be worried about our lives, and our families. A portfolio will not matter, and that’ll be the last thing on our minds. +> +>What we can optimize for is only that the crisis is blown out of proportion, and it is not really a big epidemic, so you can sell and buy at the proverbial bottom. This sounds attractive because we can tell our grandchildren the war stories (“I just knew the virus wasn’t a problem, so I sold everything and bought it back at a big profit”).  +Guys, I have something to confess. I have been a market manipulator for as long as I’ve been trading. I can make the market and individual stocks go up or down at will by exploiting an anomaly in price patterns. What is this anomaly, you may ask? It’s actually pretty simple: I just suck at trading. Literally every time I buy calls, the stock tanks. When I buy puts, the company has the best bull run in their entire history. I can literally force the market to go in the opposite direction of what I bet. Once I learn how to trick myself into inversing my own trades, I will be unstoppable. Also, if anyone needs anything from the store, let me know and I’ll stop by on my way back from the welfare office. + +Edit: for legal purposes, this is a joke. I neither advise replicating my trading strategies or inversing them. Market manipulation is bad. Don’t do it. +I know this is not directly related to GME. But we have been keeping a close eye on market crash as there is a theory that market crash will trigger the squeeze. + +We know for a fact that Delta variant was pretty dangerous and we had significant data on it to classify it as such. However, we still do not have much information on the Omicron variant and yet it is being pushed as a narrative that does not add up. + +I am in no way an expert on virus or market but just reading the data available at hand. Going to put it all here so you guys can see and decide for yourself. + +&#x200B; + + + +|*Variant*|*Date officially Identified as VOC (variant of concern)*|*Transmissibility*|*Hospitalization*|*Mortality*|*S&P 500 same day* |*S&P 500 next day*| +|:-|:-|:-|:-|:-|:-|:-| +|Delta|6th May 2021|\+97%|\+85%|\+137%|\+0.82%|\+0.74%| +|Omicron|26th Nov 2021|official report : "Possibly increased"|Unknown|Unknown|\-2.27%|**?**| + +&#x200B; + +This does not mean that Omicron is a joke variant. This variant has a lot of mutations and has a high probability of becoming very dangerous. + +&#x200B; + +But what i am failing to understand is, how did the delta variant had no impact on the market when you could see it's fatality and adversity everyday, along with research data showing that it is dangerous. And this new variant, which is still being investigated, caused a minor red market and is all over the news saying the new variant is causing the market to go red. We still have no cases or data to show that this variant is killing more people than Alpha or Delta. + +Confusing bit is, the market all over the world started going down on 26th before this was officially added as VOC. + +In my personal opinion, market crash might be coming soon and Omicron will be used as a scapegoat to hide all the shenanigans WS has been doing. Blaming the crash on Covid will not make people as angry, when HFs and banks are bailed, as it did in 2008. +We can all agree on one thing: knowledge, in trading, is often held and defended in a dogmatic way. Traders tend to fall in love with the first approach to the markets they find, and they regurgitate every argument their first teacher said to them without understanding what they mean. And there are a lot of "stock" argument that constantly get used and repeated, often using the same exact wording as if they were literally copy and pasted. While all of them make me roll my eyes in disapproval, nothing makes my blood boil like the following statement: + +**"Don't use indicators because they lag behind price action. Price action cares about what's happening right now in the market, while indicators show you the past"** + +This is so god damn annoying I don't even know where to start. My short argument is that this statement, to its core, is **wrong** because: + +**Price action lags just as much as indicators do**. + +But... *gasp!* How could he say something like this? How could he dare compare my beloved price action to those filthy indicators? + +I swear these people think they are the Jedi against the Sith or some shit like that. I am a price action trader by the way, so there is no bias, and there's nothing wrong in using lagging tools. So, why do I say that price action lags? To other price action traders out there, answer the following question: when you are entering a trade, where do your eyes go? + +Do you analyze the right side of the chart? Obviously not, it's empty. Aside from Ichimoku and the few leading indicators, nobody even tries to make this kind of analysis. +